COMMENT: Mr. Armstrong, we never met. I was introduced to Socrates at the insistence of a friend at another one of our divisions. There was no 80% Crash on April 29. The whole de-dollarization seems to be another hype, as we have witnessed ourselves. Your system allows you to plot anything in any currency. I […]

The U.S. Treasury has now frozen $344 million in cryptocurrency tied to Iran, according to Treasury Secretary Scott Bessent, who announced sanctions targeting multiple digital wallets allegedly connected to Tehran. Most people will view this story narrowly through the lens of sanctions on Iran or Middle East politics. The larger issue is far more important. […]

The push toward digital currency is being framed as innovation and efficiency, but when you strip away the marketing language, what is unfolding is a structural transformation of the financial system that shifts control away from individuals and concentrates it within governments and central banks. The Bank for International Settlements has confirmed that more than […]

Banking crises are often misunderstood because the visible panic comes at the end, not the beginning. The real stress builds beneath the surface. In the United States, banks operate on fractional reserves, meaning deposits are not fully held in cash. They are loaned out, invested, and leveraged. We saw a glimpse of how fragile this […]

  QUESTION: A follow-up. Will Socrates survive you? Have you taught anyone else how to program AI as you do? PB ANSWER: The lawyers are working on creating a 501(c)(3), which is a specific tax-exempt status granted by the U.S. Internal Revenue Service (IRS) to nonprofit organizations operated exclusively for religious, charitable, scientific, or educational purposes. This […]

When you strip away the propaganda, foreign aid is rarely about charity. It is about strategy, war, and buying influence. The latest long-run data show that from 1946 through 2024, more than $1 trillion in inflation-adjusted U.S. foreign aid went to just five recipients: Israel at $337.0 billion, Egypt at $198.9 billion, former South Vietnam […]

  Russia is doing the opposite of many other central banks by selling gold, yet this behavior actually reinforces the fundamental role gold plays within the global financial system because it demonstrates that gold is the ultimate asset of last resort when access to traditional financial channels is restricted. Since 2025, the Central Bank of […]

California is now facing the consequences of policies that ignore reality. Between 2019 and 2023, the state lost a staggering $91.4 billion in income as residents relocated elsewhere, with another $11.9 billion leaving in just a single year. This is not a minor shift. This is a structural problem that is accelerating, not stabilizing. What […]

What Iran is doing right now is something we have seen repeatedly throughout history whenever a currency begins to die. Governments start issuing larger and larger banknotes because the existing denominations no longer function in daily life. This took place in the Weimar Republic hyperinflation, where trillion-mark notes were printed, and again in Zimbabwe hyperinflation, […]

The U.S. Postal Service is now introducing its first-ever fuel surcharge, and that should stop everyone in their tracks. This is not just about postage going up. This is a reflection of something much bigger unfolding beneath the surface of the economy. When even a government institution like the Postal Service, which has avoided these […]