Computer models typically fail for the same reason why human forecasting from a gut personal perspective becomes a joke. In both cases, if there is no experience with the past, neither can possibly forecast the future. Such models have failed because they lack the historical database on a global scale. How is it possible to […]

I have been doing a lot of interviews in Germany, from TV and radio, to newspapers and magazines. It is clear that they are starting to get the message that this is not about opinion. Every economist has recognized that there is a business cycle. The approach has been starkly different from medicine. Instead of […]

The traditional mumbo jumbo is dollar up, gold down. However, we may be entering a completely new phase. Gold and the dollar may no longer be archenemies. They are actually now moving to the same side of the fence, for the common enemy is the rapidly approaching electronic money, with so many analysts at banks […]

QUESTION: Mr. Armstrong, I find it truly enlightening that you told the European Commission from the outset this idea of the euro would fail because of a faulty structural design. Do you think there is any way to save the European system now? ANSWER: Unfortunately, I believe the entire European project is completely dysfunctional and it […]

QUESTION: Hi Marty, Thanks again for the post on Griffin’s book and your short history lesson regarding the same. I’m sure your readers appreciate the time and effort you take to shed light on this subject. My question is do you think we as the United States of America would be better off if there […]

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 […]

QUESTION:  Thank you for the explanation about what fractional banking is. It clarifies the real intent and impact of this issue on the economy. Would you please then explain what quantitative easing is? It appears as if this is indeed the creation of money out of thin air. cs ANSWER: This is a different animal […]

For the first time since 2008, banks are rushing into government Treasuries (PUBLIC) holdings faster than corporate/consumer loans (PRIVATE). Bank portfolio holdings have been a key component in monitoring the shifts between PUBLIC and PRIVATE CONFIDENCE. These shifts from government securities to private holdings within bank portfolios is an important leading indicator of the rise […]

  U.S. stocks rallied on Wednesday after the Federal Reserve suggested a less aggressive timeline for raising interest rates even as it opened the door for the first hike in almost a decade. The Fed has come under lobbying from other countries not to raise rates. The Fed will comply for now, but when the […]