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 […]

QUESTION: Mr. Armstrong, Do you believe that religion should play any role in government? ANSWER: Religion has historically been the greatest tool for war and justification for killing others yet we claim to punish people for murder. If you kill someone in the name of the State or what you claim is God’s will, you are creating […]

QUESTION: Dear Martin: I hope you are doing well. In the movie of James Bond, named “Quantum of Solace”, (filmed in some areas of the Chilean desert), the Bolivian and corrupt general requested his money in Euros, because “the U.S. dollar is NOT the same than before!”. Many asset managers, private investors, men and women […]

The press is cleverly twisting the Hillary e-mail scandal to her benefit by narrowing their focus on what qualifies as “secret” instead of the fact that she conducted all national security business from her private e-mail server to avoid getting subpoenaed. There is no question whatsoever from a legal perspective that what Hillary did was […]

In the Eurozone, Mario Draghi has announced that his quantitative easing has failed to produce inflation as everyone assumed. After nine months of buying various government debt, the economy is still contracting and their inflated inflation numbers are coming in at .01%. Draghi has announced that they will now buy 33% of government debt issues, […]

There is no real difference between goldbugs and stockbugs. Both tend to view the world through rose-colored glasses with blinders. They forget that ALL markets go both up and down and this is quite normal. A true global hedge fund manager must look at all asset classes, not just stocks or commodities. They must also view the world of currencies. We […]

Back in the 90s, we would outfit schools with computers because, in my judgment, computer science is probably the most essential qualification next to reading. You can even get a pocket calculator to do your math, and you can have phones read your text messages, but the one skill set that children cannot do without […]

  Government talks about Islamic terrorists, but their number one fear is YOU. The internment camps are for you, not Islamic extremists. Government CANNOT honor its promises so it will not even try. They are confiscating money everywhere, doubling fines, and punishing people for insane things. A neighbor received a ticket and a $200 fine for […]

You can always expect a quiet session when one of the major centers are out for a bank holiday, and that was what we saw yesterday. Not that dealers needed much of an excuse after last week’s fun and games. Asia did have a weak session after all the talk of the possibility of the Federal Reserve […]