Monetary History of Russia The Russian Monetary System began also with cattle (skot) during the Kievan period. Skins of small animals and precious metals were used as fixed-value exchange rate based upon barter goods. Up until the end of the 12th century, cattle was the unit of account but commerce took place with the skins […]

Writings 2009 Armstrong Economics: The Dow & The Future (Martin Armstrong, 12/06/09) Armstrong Economics: The Sum of All Fears(Martin Armstrong, 11/26/09) Armstrong Economics: A Forecast for Real Estate(Martin Armstrong, 11/15/09) Armstrong Economics: Capital Flight(Martin Armstrong, 11/11/09) Armstrong Economics: Gold $5000+(Martin Armstrong, 11/07/09) Armstrong Economics: Objective v Subjective Analysis(Martin Armstrong, 11/1/09) Armstrong Economics: Is America on […]