Herbert Hoover’s memoirs (1951) documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would confiscate gold. These rumors spread and people ran to banks to withdraw their funds. The night before the election in 1932, FDR denied that he would do such a thing. […]

Alexis Tsipras, Prime Minister of Greece, has sold his country out to the failed ideas of the euro. There is no possible way for this deal to work for it will bring only more austerity to Greece that will continue to grind its economy to a halt. Raising taxes will not create jobs and it […]

PHOTO: Distraught 77-year-old Greek retiree, Giorgos Chatzifotiadis, falls to the ground outside of a bank in Thessaloniki, July 3, 2015. (AFP: Sakis Mitrolidis) The mainstream news is painting the Greeks as the bad guys, and the Troika as the savior of Europe. Quite frankly, it is really disgusting. Pictures of an elderly Greek pensioner have gone […]

On Monday, Puerto Rico is set to release a key report on its financial stability. Governor Alejandro Garcia Padilla told The New York Times that the island would probably seek significant concessions from many of its creditors because “the debt is not payable.” Puerto Rico is the next Greece where the “vulture” investors bought their bonds back in […]

This is socialism collapsing. Hundreds of thousands of people have joined together to protest anti-austerity. So many people attended that the police refuse to number the crowd fearing it was just too many. We are at a crossroads. We have people who live in their little bubbles like Rogoff and Buiter who tell government they need […]

QUESTION: Dear Martin, Today I went by plane from Vienna to New York with Austrian Airlines. Also Austrian Airlines are showing “The Forecaster“. This is even more interesting because the Austrian cinemas (like in Switzerland) are not showing the film, therefore I suppose also the possibility of the VOD screening in Austria. I took the […]

QUESTION: Mr Armstrong; You have written that the Federal Reserve remains on track to raise interest rates later this year and this will accelerate the capital inflows driving the dollar higher. You previously warned that this will also set off further defaults in emerging market debt and you have also said that the pension funds […]

The National Post has reported the sad state of the American legal system – there is nothing left. As they said, “The right to a fair trial just does not exist.” We have reached that point in the evolution of government where the rule of law fades into the night. It is all about corruption; […]

For years, I have warned that we will face our worst nightmare – the collapse of socialism. In the death throes of this abomination that even the Ten Commandments listed as a serious sin, equal to “thou shalt not kill”, government will become the ugly beast that will devour society to retain power. Of course, […]

QUESTION: If we truly are a moving to a cashless society as is evident, and that is massively deflationary, which I agree with, wouldn’t that drive govt. yields LOWER?  How do you reconcile a sovereign debt crisis and rising yields with a massive slowdown in inflation and growth that these misguided policies are driving us towards? […]