QUESTION: Am I correct in saying that Spain collapsed because of debt and not hyperinflation? Thanks; SD ANSWER: YES! The history of Spain is a classic example of economic and fiscal mismanagement. Christopher Columbus was the greatest example of a politician today. He embarked upon a journey not actually knowing where he was going, and […]

  Behind the fall of Communism are some very interesting trends that are not understood very well in the West. The stark difference between Russia and China was the attitude toward the people. In Russia, Stalin was paranoid about what was in people’s minds. In China, it was the tall poppy syndrome – as long […]

  While the ultimate socialist has her eyes on 2016, so does our model. We have been projecting this target not only for the potential rise in Third Party votes, the Sovereign Debt Big Bang, but the turning point in pensions as well. Social Security is negative true, but what will also turn negative is […]

QUESTION: Marty; Virtually every so-called analyst on TV has missed the US stock rally. When they asked … how does it feel that he missed the rally, he said he didn’t miss it because he was in a foreign market not US. Then he said once the Fed cuts off all of its QE stimulus the […]

What the ECB has done is the first time a central bank has gone NEGATIVE to try to force people to spend. There have been NEGATIVE interest rates in a quasi situation with attempts to support a currency peg. This has been the case in Denmark. We also saw rates collapse in Switzerland when the […]

QUESTION: Martin, Continued blessings for publishing your remarkable insights.  Will the banks pass on their negative interests rates to the depositors? What will be the effect of depositors removing their cash from the banks? Thanks M ANSWER: In the US, the talk behind the curtain is to impose negative interest rates on the consumer. Banks have […]

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 […]