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Ukrainian Gov’t is Fracturing – The Debt Default Contagion is Likely to Unfold

The Mayor of Kiev has distanced himself from Yanukovych. The Ukrainian parliament on Thursday passed a measure that would prohibit what Yanukovych has called his military “anti-terrorist operation” to restore order by sheer force, and called for all Interior Ministry troops to return to their bases. The politicians in Ukraine are running away from Yanukovych who is being […]

What About Croatia?

QUESTION: Hi, Mr Armstrong, when You said “they will confiscate 10% of everyone’s accounts in Europe” did You mean also Croatia? Regards ANSWER: Sorry to say – you will be included. This was one of the factors that also persuaded Ukraine to turn away from Europe. The problem is this mixture of German austerity (deflation) and […]

Nero – 54-68 AD

NERO (54 – 68AD) Born 37 – Died 68 AD, Age 31 Lucius Domitius Ahenobarbus (Nero) was born on the 15th of December at Annum, a small Italian seaside community, in 37 AD. He was the son of Gnaeus Domitius Ahenobarbus and Agrippina Junior., daughter of Germanicus, sister of Caligula, and fourth wife to Emperor Claudius. Nero’s […]

Marc Antony – 42 BC

Marc Antony Born 83 – Died 30 BC, age 53 Imperator, 46 – 30 BC Marcus Antonius was born in 83 BC, the son of Antonius Creticus and Julia, who was related to Julius Caesar. His father was a rather unsuccessful admiral who died early during his childhood. His mother remarried P. Cornelius Lentulus who raised him for most […]

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 4

BOOK FOUR INTRODUCTION ——————————————————————————– OF SYSTEMS OF POLITICAL ECONOMY POLITICAL economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, […]

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 1

BOOK ONE OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE POWERS. OF LABOUR, AND OF THE ORDER ACCORDING TO WHICH ITS. PRODUCE IS NATURALLY DISTRIBUTED AMONG THE DIFFERENT RANKS OF THE PEOPLE. CHAPTER I ——————————————————————————– Of the Division of Labour THE greatest improvement in the productive powers of labour, and the greater part of the […]