Throughout history there has been countless two-tier monetary systems where at times there have been a local currency issued by the immediate government, yet the people rely upon the currency of another government. Such periods are interesting for they are not official but emerge by the people rather than through a decree of a government. […]

The chaos in gold is typical. Already, the hate mail has begun. “Stop the Bullshit” one said because demand in Shanghai is at record highs.It takes far more than one country to make a bull market. Others just blame me for the decline because they just listen to those who always say buy. The New […]

  Aes Rude – Earliest form of Roman money whereby lumps of bronze traded by weight due to its utility value to be used to weapons or tools. Aes Grave – Early Roman bronze coinage that was cast into standardized coins with a recognizable image. Aes Signatum – Broze Ingots with an idealized intended weight […]

If anyone thinks that the Fed does not know in advance what is happening with the numbers, well you must be from another planet. Just hours after the Commerce Department reported that there was the first decline in quarterly GDP in 3-1/2 years, the Federal Reserve announced it was maintaining its policy of near-zero interest […]

Fischer Black and Myron Scholes won the Nobel Prize for Economics. Scholes was  involved with Long-Term Capital Management that blew up on that formula. The fund, which started operations with $1 billion of investor capital, was extremely successful in the first years, with annualized returns of over 40%. However, following the 1997 East Asian financial […]

Conspiracy theorists have been arguing that there is no gold in Fort Knox for years. Well, they have not been alone. Sister groups have existed in Germany, France, and even England. The Handelsblatt newspaper reported following rumors that have been circulating in Europe for months that Germany’s central bank will now recall much its gold bullion stored […]

 http://princetoneconomicsintl.com/ The Most Dynamic Approach to IT Infrastructure Ever Attempted Forecasting up to now has been nothing but one opinion compared to another. No individual is capable of providing a consistent forecasting ability because human emotions simply get in the way. The only approach is a true fully functioning Global Artificial Intelligence Computer System that […]

In 1993 when the CFTC first picked up excessive trading in silver at PhiBro, the CFTC ran in and demanded to know who the client was. PhiBro refused to tell them it was Warren Buffet and the CFTC said exit the trade. That is why they began to move to London. It is becoming increasingly […]

Copyright Martin Armstrong All Rights Reserved 10/15/2012 The Rising Tide of Currency Protectionism The Currency War The front page of the Straits Times for Monday October 15th read: “Emerging economies lash out at US stimulus” Indeed, Bernanke yelled at these economies saying they should let their currencies rise to fend off the capital inflows to […]

The most serious problem we face has been the Marxist-Keynesian presumption that government is even capable top manipulating the economy. Paul Volcker in his 1979 piece Rediscovery of the Business Cycle, address this nonsense stating that effectively the collapse in the Gold Standard that was followed by the 1974-1976 Recession defied this notion about “New […]