FDR’ Speech on the Banking Crisis March 12, 1933   Roosevelt established the Federal Deposit Insurance Corporation (FDIC) in 1933, assuring people it was safer to keep their money in a reopened bank than under the mattress. Then on August 23, 1935, Congress approved legislation that had a major impact on the Federal Reserve Banks, […]

COMMENT: Mr. Armstrong, Many cops do not think beyond a violation of a law to see the bigger picture of what is really going on, they buy into whatever reason is given for a new program, or they like the government bodies they serve see a cash stream that they think they can use as […]

You can really start to feel 2015.75 coming. This is going to be a harder fall than 2007-2009 for outside the USA we are in a declining mode since 2007, which should bottom by 2020. This is a DEBT CRISIS not a bubble in stocks or commodities thins time. As of tomorrow morning, the central […]

Understanding Jackson’s Bank War is critical to our future. He was absolutely correct insofar following the Jeffersonian view, that a national debt would not be a “blessing” as Hamilton proclaimed, but the servitude of the people that would ultimately consume all liberty. In this vain of thinking, Andrew Jackson was correct and in his annual […]

QUESTION: Mr. Armstrong; I understand the income tax was introduced in 1913 with the creation of the Federal Reserve. Is it possible for a nation to survive without an income tax? HG ANSWER: Income taxes are a product of the Marxist period. This is when class warfare became dominant. People actually argued that it was unjust […]

  The amount of propaganda against the Federal Reserve is incredible. What we must keep in mind is that its original design, which lasted for about one year, was brilliant. The classic banking model, borrowing from depositors on a demand basis and lending long-term making a profit on the spread in interest rates, such as […]

The first book of Aristotle my father handed me was the Categories. I then proceeded down the list.

QUESTION: Hello Martin- Great work and I wish you the best. One question regarding your recent email alerts from your blog in regards to the “money out of thin air” discussion that was/is going on. What is your opinion on how G. Edward Griffen’s book, “The Creature From Jekyll Island”, relates to the discussion on […]

Greece’s debt is now cut to CCC in preparation for an eventual default. Brussels just cannot think out of the box. There will be no solution until the thinking paradigm is changed. I previously wrote: With the economy turning down, the pain threshold will rise. The lack of liquidity will be a huge problem if […]

COMMENT  Hi Martin, In response to your blog post, “How to Think May Be the Key to Everything” I thought you might like this quote from Ralph Waldo Emerson: A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to […]