QUESTION: Hello Martin, Did banks receive government bailouts prior to Glass-Stegal being repealed? If so, if they are forced to return to relationship banking, why can’t the big boys simply drop lending standards and keep bad loans on the books (with a nod and wink from congress), knowing they can strong arm politicians into another […]

Why are governments rushing to eliminate cash? During previous recoveries following the recessionary declines from the peaks in the Economic Confidence Model, the central banks were able to build up their credibility and ammunition, so to speak, by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the […]

COMMENT: The distinction between relationship and transactional is so compelling and explains my own puzzlement in dealing with ‘relationship’ managers.In Asia they have to sell structured products — even now, after 2008 — or be fired.They are under enormous pressure and cannot focus upon anything else so the word ‘relationship’ is a misnomer. The staff turnover is […]

COMMENT: Hi Marty, Would you be able to clarify the risks with having just an electronic money system – it would seem that any electronic system would be vulnerable to viruses, bugs, hacking, and other collapse. Also a completely electronic system would possibly be a tool of a tyrannical government simply to shut dissenters down. […]

QUESTION: Dear Mr. Armstrong, I think this would help readers. I kind of don’t get it. How does the decrease in international velocity of money lead to the youth not having jobs? I don’t see the causation. — Cheers, PC ANSWER: The VELOCITY of money is how fast people are spending and using money – its turnover rate. The […]

Iranian Supreme Leader, Ayatollah Ali Khamenei, has come out and told the world that two American officials threatened military action against Iran if there was no resolution to the nuclear deal talks. He states that Iran will not succumb to U.S. threats and he will not press forward with negotiations with Western powers under the shadow of […]

The reason I moved the Solution Conference forward was due to the fact that all my sources behind the curtain were screaming from the four corners of the world that the new age of Economic Totalitarianism is upon us all. Australia will be the first to introduce a compulsory tax on savings. This is the ultimate Marxist state, for […]

I have been warning that the governments of the West are in severe trouble. We face the worst economic crisis, perhaps in modern history, with the distinct risk of moving into a state of Economic Totalitarianism. The governments are well aware of the Economic Confidence Model (ECM). Many people have questioned, “Why have they not killed you?” […]

The Greece crisis started precisely on the turning point for the Sovereign Debt Crisis to the day from our original projection in 1985. It was just amazing to watch things unfold with such precision. Now, as we approach October 1st, 2015 (2015.75), one must wonder how fast are governments going to act. Greece has said […]

The “War on Cash” is heating up. Louisiana has outlawed paying cash for second hand goods, under the pretense that criminals sell stolen goods for cash. France outlawed paying more than €1000 for anything, and you cannot get more than €200 from an ATM. JP Morgan Chase is outlawing storing cash in a safety deposit box. Most […]