In the latest scandal where five major banks agreed to plead guilty to criminal charges brought by the U.S. Department of Justice for manipulating the foreign exchange rates of the U.S. dollar and euro, only the corporations were changed ­– not the bankers – be they traders or executives. The banks were Citicorp, JPMorgan Chase, […]

Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 S&P has issued a warning of a UK downgrade if it exits the EU. Quite frankly, we have reviewed the trade flows and this is purely politics; it is certainly not beyond the possibility that S&P is being told what to do and say, just as they […]

QUESTION: Mr. Armstrong; I was reading Wired and then I read your example of three states of government. I suddenly realized you discovered something that was unbelievable. You constantly mention that everything is complex like an onion. I know you have also a physics background. You talk about chaos and patterns upon patterns. I read […]

Late headlines yesterday from the IMF spooked early trade in Europe, which saw support for core debt markets. But this “will they, won’t they” (or should I say, “can they, can’t they”) approach has long been a tiresome excuse for dealers and is another reason why liquidity is so poor. The 10yr Tsy/Bund spread remains […]

Anyone who thinks government respects religion had better stop watching sports and drinking too much. There is a whole different reality waiting for you. Obama threatened to shutdown the Catholic Church from receiving any money out of the USA, or sending any money to the USA unless it complied with FATCA. Obama, showing his true […]

Private money has ALWAYS emerged during periods of crisis. The Feuchtwanger Cent was a “German silver” private token coin. German silver is a term for a white appearing metal we use today which is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel, and 20% zinc giving the impression of […]

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the wounded world? Also would we be back to Silver as the payment that the Tax man does not get? Ala Hunt brothers who bought it when Gold […]

The most famous trial where a jury stood up refusing to find the defendant guilty in the face of a corrupt government, was that of William Penn, the founder of Pennsylvania. Penn was the leader of the Quakers in London. The sect was not recognized by the government and was forbidden to meet in any […]

Part of the 9/11 conspiracy, exposed on September 10, 2001, is an unexplained $2.3 trillion missing from the Defense Budget. The plane that struck the Pentagon (if it was a plane) hit the room with all the records. That ended the investigation exposed the day before and Donald Rumsfeld promised to investigate. Well 9/11 certainly stopped […]

COMMENT: Martin, Excellent, refreshing review of the enactment and enforcement of legislation under the Constitution; your blog entry should be taught in grammar schools across the country. I graduated Columbia Law school and have been practicing for 30 years.  No exaggeration, your straightforward exegeses of the plain wording of the Constitution beats hands down what one […]