QUESTION: How can you refute all the evidence that there is global warming and climate change caused by man? ANSWER: First, you should not be reading this blog for you obviously believe in government propaganda no matter what the field has put out by the academic community. Global warming is on par with Marxism and […]

Canada is giving up “accidental Americans” who have one American parent and that means the U.S. IRS wants to hit them with back taxes like an economic slave, even though they never lived in the USA nor have they consumed anything for which they should contribute their “fair share”. Taxes are simply owed to government to […]

Asian equities traded on the heavy side today (Nikkei -1.63% and Shanghai -2.67%), and so followed Europe. However, the U.S. market appeared most nervous of all world indices, even though they ended the day only down -0.4%. Obviously, the Fed’s decision is the main topic of conversation with Retail Sales tomorrow only gaining a mention, but these were reasons given for the tightest trading range seen in […]

On Wednesday, NBC News host Chuck Todd said, “This is no longer — she can’t just say this is a partisan witch hunt by the House Republicans. The FBI is now investigating, regarding the classified info situation. And, look, the best explanation still questions her initial judgment of why did she do this in the first […]

Asia saw some very strong gains on rumors of renewed Chinese intervention with the Nikkei producing its strongest one-day rise since 2008 (1,343 points +7.7%). The Chinese markets reacted to the news rather late yesterday. Europe walked in to the jubilation and saw encouraging market gains in the morning session. By mid-afternoon, the U.S. market […]

COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for your labor. Thus, your wealth is your labor, and the gold is merely a medium of exchange. So it does not matter whatever […]

Asia saw a mixed session where most markets were lower but talk of intervention in China saw a very healthy bounce in the last few minutes of trading (Nikkei -2.5% Shanghai and HSI both up around 3%). Europe started on a positive note and never looked back. Positive session for all major European Indices saw exchanges close 1%+. […]

QUESTION:  Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds. But your article causes some questions: […]

Angela Merkel and IMF chief Christine Lagarde can laugh it up as Europe burns down. The whole crisis stems from antiquated ideas that center on what money actually is. If you do not grasp what the true function which money actually provides within the economy, then you will be unable to get anything else right […]

The world’s top 5 miners lost $540 BILLION market value as the Age of Deflation grips all asset classes, helping to send cash running into the open arms of government borrowing. Market values of the top 5 miners have collapsed between 60% and 88% from the major high in 2011. After copper, coal has been […]