Poland is legally obliged to switch its currency to the euro under the terms of its 2004 EU entry. Nonetheless, Poland has continually demurred amid the Eurozone’s financial woes and voter opposition to exterminating the zloty, its national currency. Killing the zloty will only bring massive inflation to Poland and serious harm to its economy. Poland’s […]

QUESTION: Hello Martin, Did banks receive government bailouts prior to Glass-Stegal being repealed?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 […]

This Sovereign Debt Crisis is the nature of the beast we face. Understanding that crisis is half the battle, for after the business cycle turns, there will be a lot of finger pointing, but you can bet it will never be pointing at government. The country does not matter, as the people are the same. […]

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 […]

All over the place they are touting that the stock market will crash and burn. Indeed, when you say there is a coming crash, everyone immediately assumes that means the stock market. It appears that the bulk of those who claim to be analysts are all proclaiming the coming stock market crash. This is typical […]

The amount of cash rushing around on the short-end is stunning. Yields are collapsing into negative territory, and this is the same flight to quality we began to see at the peak of the crisis back in 2009. The big money is selling the 10-year or greater paper and everyone is rushing into the short-term. […]

Pablo Picasso’s iconic abstract 1955 painting “Les femmes d’Alger” sold for a record $179,365,000 at an auction Monday in New York, at Christie’s. All our sources behind the curtain are reporting the markets are awash with cash, so much so that on the short-term paper rates are going negative without the 2009 crisis. Yet, that is […]

The trend towards using terrorism as the excuse to shutdown money and to monitor the general public continues. Authorities are looking closely at eliminating paper money altogether, which would have the benefit of preventing bank runs. This trend is being introduced in France come September, where it will become illegal to purchase anything with more […]

QUESTION: Hey Martin, Years ago, I thought I was so smart.  Silver was 5 and gold was 300.  I was pretty young and did not have a lot of money. I purchased 30k worth of silver coins and some gold coins.  My thought process was that silver, most likely is not worth 0. As both […]

There are many aspects that are lining up with the turn in the ECM (Economic Confidence Model) from the Blood Moon and the Jewish Year for forgiving the debts, to France imposing restrictions on cash in September, and even in Germany the laws that protected about half a million people so-called dachas there in East Germany […]