Jeremy Corbyn, the new head of the British Labour Party, is really a Communist. He is not championing a minimum wage, but a MAXIMUM WAGE. He is advocating that no individual should be allowed to earn more than whatever he feels is appropriate. These people view one simple fact: whatever money you earn is not yours, […]

The UN has launched its socialist agenda for the total loss of all economic freedom for the entire world by 2030. This is a highly dangerous agenda. The UN is an unelected entity that assumes it has the right to dictate to the world how everything should work. Of course, it is anti-freedom and assumes that cash should […]

I am here in Athens for the elections this weekend. I must state, at this point in the game it appears to be Greek theater with Brussels pulling the strings and the politicians merely playing parts. Whoever governs is almost a moot point for it seems that the political forces are not interested in an […]

I was asked an interesting question: “Do you believe in God?” I think most people believe in some form of a higher being and the exact form will differ around the world. Whatever the religion, there is a common theme – do unto others as you would have them do to you. Even back in Ancient […]

It was a mixed session for Asia yesterday after what has been a very volatile week. The talk remains as to what China’s next move would/should be and “if” the Fed will move next week. This been the most awaited Fed decision in years and has been the hot topic just about everywhere. It was a clearer […]

QUESTION:  Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds. But your article causes some questions: […]

The world’s top 5 miners lost $540 BILLION market value as the Age of Deflation grips all asset classes, helping to send cash running into the open arms of government borrowing. Market values of the top 5 miners have collapsed between 60% and 88% from the major high in 2011. After copper, coal has been […]

QUESTION: Mr. Armstrong; Is the velocity of money an indicator of booms and bust? Didn’t the QE program by the Fed increase the money supply? Then why do we not see an increase in velocity or inflation? Confused & Curious TW ANSWER: The reality is, in a broad general sense, the velocity of money is […]

The State of Illinois is dead broke. They cannot pay the pension of state employees. The lottery purchases obviously are used by the state for whatever they desire. Now that they are broke, they can’t even pay the winners of their lottery. And people trust government? The government is incapable of managing anything because they […]

QUESTION: Mr. Armstrong; Because of the civil asset forfeiture laws I think I understand why you say own only gold coins before 1947 not bullion they can call cash. Am I correct? HP ANSWER: Absolutely. Even that will not be a guarantee against government who has gone totally criminal. However, if you have circulated common date $20, […]