When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that were not members. Those non-member banks operated in an environment similar to what existed before the Federal Reserve was first, established back in 1914. People criticize the Federal Reserve […]

Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the political position of Merkel entirely. There is no doubt about this: Greece cannot pay and cannot raise taxes while simultaneously having any viable economy. This is […]

The story of a possible lawsuit against Goldman Sachs over hiding Greek debt is starting to make the press. We do most certainly live in interesting times. The Independent is now reporting that a leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank Goldman Sachs […]

The global warming pseudo-scientists are desperately trying to keep their funding. Now these con artists are trying to claim that that the oceans’ surface water is cooling and below the water is warming. Those who stop driving to work, opting to walk or ride a bicycle instead, are perhaps speaking at least of what they […]

Why is Donald Trump #2 in the polls? This very interesting trend illustrates what our computer has been forecasting for 2016. While Trump is inside the Republican Party, he is acting like a Third Party candidate. He is rising in the polls because of his stance on illegal aliens. That is a common problem everywhere […]

La Liberté Speech Speech: delivered by Karl Marx on September 8, 1872, in Amsterdam; Source: K. Marx and F. Engels, On Britain, Foreign Languages Press, Moscow, 1962; Printed: September 15, 1872, in La Liberte. Also printed in Dutch, Belgian and German papers. In the 18th century, the kings and the potentates were in the habit […]

British politicians have just made the same stupid mistake as the American Democrats who created the S&L Crisis of the 1980s. In the U.S., they were greedy and changed the tax status on real estate to increase taxes. They created a one-way market of all sellers. British Conservatives have just done the same thing, sending […]

QUESTION:  Hi Martin, Since one year now I follow your blog and I see most things unfolding exactly as you describe. Although I do not agree with all points (climate change) I understand that personal opinion is not what will save us. Your computer and your comments give people insight in the mechanisms of how […]

The bond markets were the talk of the city today in London with continued uncertainty putting a bid under the street. Bunds were up over one and half points in early trade and although peripherals followed (BTP’s +70 cents) the gap just increased. Ten year Treasuries in late trading hit 2.20% — despite printing 2.31 in early Asia. […]

Yanis Varoufakis, Greece’s finance minister, quit because he personally clashed with other finance ministers, whom are clueless. I have listened to Varoufakis articulate the problem through his political assessment. Varoufakis is very smart and has at least a global view. Moreover, he is resigning for what he thinks is the good of his country. Not […]