QUESTION: Mr. Armstrong, In your post today you mentioned Donald Trump would be the most qualified candidate to handle the sovereign debt crisis.  If I may ask, do you know Trump and do you think he would consider your solution for the coming crisis? Thanks for insight. JH ANSWER: No. I never advised Trump or […]

Does China’s devaluation reduce the odds of the Fed raising rates? Some people assume that is the case. However, the Fed is in a box and unless they raise rates, the next crisis in pensions will wipe out far more than most people anticipate. True, everyone from the IMF to most other countries are begging the Fed […]

QUESTION: Marty, you have written many times how everything is connected and how in Asian culture that is the foundation of all understanding. Why is it so hard in the West to comprehend this fundamental concept? All the best GD ANSWER: I think it is all part of the idea that we can alter society […]

It appears that many people are married to the idea that the Fed creates INFLATION by expanding the money supply. Sorry, it does not work that way. Others confuse the fact that interest rate increases are bearish and declines are bullish. All you need to do is look at Japan to see that did not work […]

Yahoo reported that economists deny Trump’s ability to bring jobs back to America from China and other countries. Well, the economists are wrong. All it would take is a repeal of the income tax. Nearly half of the cost of labor is taxation. If you want to create jobs, cut the income taxes. That does not mean […]

The problem with gold has been the gold promoters who use sophistry to sell their product, convincing so many people to lose everything they invest. The hate mail has started again, claiming I am “bashing the gold bugs” as if this were a sport. Sadly, this illustrates how there will always be those who go down with […]

History repeats because human nature never differs. I have warned that Albert Einstein was correct: you can NEVER solve a problem with the same line of thing that created the crisis. NEVER has anyone in power EVER concluded that they are the cause of a crisis – it is always someone else. They were the same people in school who […]

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 […]