Panic of 1907 The Panic of 1907 came after the 1906 San Francisco Earthquake and that exposed the entire problem of regional internal capital flows within the United States caused by the business cycle and the great variety of localized economies. Indeed, such a period of a temporary shortage burst forth during the Panic of 1907 and […]

On Wednesday before the vote of confidence in Parliament, the government locked down itself in Rome fearful of the rising discontent in Italy. The Italian government fears violence at parades a whole new protest movement. This protest is growing from Turin, spreading to Genoa, Milan, Alfano, Rome, Savona and numerous other cities. This is what Homeland […]

QUESTION: Mr. Armstrong, I really appreciate your comment “– YOU ALWAYS ASSUME YOU ARE WRONG. Why? That forces you to constantly double-check everything four times.” Thank you for causing me to question my assumptions regarding the markets and specifically PM’s.  I can see know that I was holding gold for all the wrong reasons while […]

COMMENT: Dear Martin Armstrong, Being a fund manager and with several bigger and commercial clients a commodity hedger, I truly admire your work. Not only that, our research, even by other methodology foremost pattern recognition and cross pattern recognition and liquidity flow detection – comes to very similar results as your calls, but we do […]

The death of Navy Seal Team Six is being called another conspiracy blamed on Joe Biden for even blabbing who killed bin Laden as pointed out by the Washington Times. Congress was to begin an investigation, according to The Hill, but the lack of faith in government has led to the accusations that they were […]

QUESTION:  Hi Mr. Armstrong, Deflation has been described as a peacetime phenomenon. You say we are in a period of deflation and yet the world seems to be at anything but peace. If your war model turns up in 2014, do you expect inflation? Thanks MB ANSWER: The traditional concepts of DEFLATION and INFLATION are […]

QUESTION:  Dear Mr. Armstrong- You seem to hint that Bernanke didn’t want rates to go up especially when there is a ceiling impasse. Yet, he talked about taper/untaper and torchured the market for 3 months to prepare investors for a smooth QE-reduction. Most investors I know were expecting a small taper that could have still been interpreted as […]

The shift out of bonds is being noticed even in Washington these days. This is perhaps the number one issue concerning questions we have received from political and institutional circles. The rise in the Euro was in part caused by the sell off of long-term bonds. The manipulation of buying in the long-term to help […]

QUESTION: How did they get hyperinflation so wrong? ANSWER: The one-dimensional thought pattern. For whatever reason, we try to reduce everything to a single cause and effect. Gee – everyone who has ever eaten a carrot has died and that proves that carrots are lethal. This is a true statement that everyone who has ever […]

QUESTION: I have done my own homework and it appears you are correct regarding monetary history and that simply because a currency is “fiat” does not result in hyperinflation, Even the Greenback of the US Civil War did not result in hyperinflation. Is it correct to say then that hyperinflation takes place only with revolutionary […]