QUESTION: No one ever talks about the depression from 1920-1921, but as I recall in researching it the government and the Fed never intervened and just let things play out.    In the end this depression hurt for awhile, but was over very quickly and from that point on we had the roaring 20’s. You […]

Defining the Business Cycle By Martin Armstrong There are those that adamantly deny the existence of a Business Cycle for one simple reason; if a regular Business Cycle exists, then man and his government, driven by special interests, are incapable of manipulating its outcome. The entire foundation of Marxism was the recognition of the Business […]

We will be publishing the International Capital Flow Analysis – the Dawn of the Global Economy that will deal with every panic from 1720 forward and dive deeply into the global economy during the 20th century through the formation of the Federal Reserve, Confiscation of Gold, Hyperinflation in Germany and Eastern Europe, the rise of […]

  1) The Emperor Has No Clothes: Why the Fed Has No Power 2) Primary Dealers – the Truth About Their Iron Grip 3) Dollar – The Reserve Currency 4) Is America on the Verge of Another Bank War 5) Understanding Jackson’s Bank War 6) Fractional Banking v Matched Funding   The Federal Reserve: Part I “The Creature from Jekyll Island” […]

QUESTION:  Martin, On Page A11 of the IBD today (5/29) a statement was made that seems to fit your claims.  It is something that having been in the business for 24 years I was unaware of.  The entire article is actually quite interesting. Please clarify the following, made in the 4th paragraph; …..BNP Paribas in […]

Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963. This executive order delegated to the Secretary of the Treasury the President’s authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue […]

Three regional Federal Reserve officials have called on the central bank to stop buying mortgage-backed bonds, citing the recent improvement in the U.S. housing market. Indeed, the US economy has improved and the rise in the stock market has the talking head talking to themselves in disbelief. The 800 pound monkey remains the German elections […]

Thank you for all the fan mail on the Dow to offset the hate mail on the metals. The objective is to expose the real world we live in and how domestic policy objectives are really held hostage to international capital flows. We are really trying hard to get everything up and running ASAP. Many […]

We are in one of the most complex conundrums in financial history. On the one hand we have vast amounts of cash that creates tremendous liquidity with interest rates at virtually zero, G7 finance ministers at least alarmed about the high level of liquidity yet it is becoming obvious even to them that monetary policy can not […]

The possibility of a 5-year bear market and the signs that will indicate that trend are covered in detail in the 2013 Metals report. Suffice it to say, just Google dollar devaluation and you get pages upon pages of everyone swearing the dollar must collapse so buy gold. Then look at the Dow. The vast […]