A reader in China has contributed this observation: COMMENT:  Hi Martin,   Just a personal observation for you. Turns out governments think the same.   Prices in real estate has been dropping here in Hangzhou city, Zhejiang, China. A combination of factors have caused a lower confidence in the real estate market in the city. […]

To make it clear, people have a window to exchange the notes. No one loses money if they exchange the notes within that window. The reason behind this maneuver is to PREVENT people from hoarding cash tax-free. For the normal person having a reasonable amount of money, there is no problem provided you act within […]

Ecuador hands Goldman Sachs 466,000 ounces of gold worth roughly $580 million at today’s ruling price. Ecuador under its socialist President Rafael Correa is seeking sources of cash after they borrowed over $11 billion from China because they defaulted on $3.2 billion of foreign debt five years ago. This is the consequence of debt and in the […]

There has been a prevailing piece of propaganda used by the dollar-haters to support this idea that the dollar is really the Petrodollar and that the move in the Middle East to create a single currency like the Euro and the Russia-China energy deal will make the yuan soar and the dollar collapse are just […]

QUESTION: Why do governments borrow? Why do they never reduce the debt? Jeff ANSWER: Because they can. They actually think they are the exception to normal economics. People ask all the time, can’t they see this debt crisis? No. When I raise the topic in different discussions with various governments the reply is always the […]

QUESTION: Dear Marty, You mention getting off the grid – but with technology –  today – how is ownership of anything ‘getting off the grid’? If governments truly want to hunt down global wealth and tax it – how is owning a house in London or a farm in NZ going to help anyone – […]

QUESTION: Hi Mr.  Armstrong, You have been saying that we must crash and burn before anything will change for the better long term, because never before in history has a corrupt government willingly given up its power. I wonder though, never before in history, at least to my knowledge (which is very limited compared to your […]

We are seeing the most dangerous trend ever. There is an agenda behind the curtain and that is to sustain government at all costs and that includes everything you own. I have warned that either government will move toward a totalitarian state or to real democracy – real Athens style without the career politicians. The […]

QUESTION: Martin, I’ve written you a few times and greatly appreciate the replies and posts on your blog. As I have mentioned before, I worked for a metals dealer that traded on margin and caught a substantial amount if heat for being a bear w silver at 50 and gold at 1900+. I shorted silver the […]

QUESTION: Hi Martin, Ok I get the point.  Massive deflation is what awaits us.  But how do you reconcile massive deflation with rises in assets prices?  Shouldn’t it be a decline as people hoard wealth and velocity declines even further? tb ANSWER: It is the same as in hyperinflation. If the currency collapses in confidence, people […]