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Milton Friedman on Capitalism

Most of the wealth earned by the 1% is from INVESTMENT, not wages. So why are the 99% oppressed? Largely taxes. For example, Social Security is a simple tax. That...

Money Has Always Been What Was Available

QUESTION: Mr. Armstrong, most of the people in the gold community say you are wrong and gold has always been money. Would you care to respond? ANSWER: If you want...

Market Talk — February 19, 2016

A very welcome quiet Friday after another volatile week for Asian markets but at least this one has been positive for the Nikkei. Closing down today (-1.3%) as...

Largarde Wins Second Term at IMF — Was There Really Any Competition?

Christine Lagarde won another term at the IMF and is holding her grip as an unelected member of the Troika in Europe. There was just no competition and they need...

Gold — the Hedge Against Government

While government may see gold as a barbaric relic of monetary history, it still will serve as a hedge against them from the private individual side. Our biggest...

Are You Ready for Govt. to Implant a Chip In Your Hand to Fight “Terrorism”?

Well if you ever wanted to know how bad a totalitarian government can get, you need an uninhibited imagination for only then can you reach reality. We already have...

The Stupidity of Those In Power Has No Boundaries Whereas Genius Has Its Limits

The insanity of NEGATIVE INTEREST RATES, instigated by Larry Summers, is based upon the stupid idea that lowering interest rates will stimulate borrowing and thus...

Market Talk — February 18, 2016

Shanghai was following the heard (+1.5%) until the last few hours of trading when the index fell to close small down (-0.2%). Both the Nikkei and Hang Seng built on...

Gold Today — February 18, 2016

QUESTION: Mr. Armstrong, your opening number for gold was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume...