During the early years of Washington’s Administration, Secretary of the Treasury, Alexander Hamilton, strive diligently to establish a sound system of banking in an effort to stabilize the currency of the nation. However, due to failure of Continental Currency and the lack of immediate convertibility into the proposed federal US dollar, speculation and volatility plagued […]

The Panic of 1907 came after the 1906 San Francisco Earthquake which actually exposed the entire problem of regional internal capital flows within the United States caused by the business cycle and the great variety of localized economies. While the traditional accounts of the Financial Panic focus on as crisis that took place over a three-week period starting […]

The Panic of 1893 was quite different from the US panics that had preceded. To a large extent, the Panic of 1893 came on the heels of American speculation in overseas investment which had kept up with the trend toward “global diversification” and opportunity much like that of the 1990s. The Panic of 1893 was […]

The Silver Democrats came to label this financial crisis the Crime of 1873. Of course, they understood nothing with respect to the global economy and merely assumed that the could do as they desired domestically without any regard to international trends of implications. Up until the year 1873, all the dollars in the world were […]

The Federal Reserve began as a simple private sector clearing house/insurance fund, which is why the banks were the owners. Yes, the Fed was given the power to create money that was to be ELASTIC. They would create money during a bank panic to satisfy demand and then shrink it when depositors return to the […]

QUESTION: Martin In your latest post you go into very good detail of how the Euro continues to be strong(although it has been noted the model expected it to fall) and that when the Euro does fall it will take the European markets with it. Are we to assume that if the dollar does rally it […]

Beginning with February 24th, 2013, the tide has changed against the market manipulators and little by little the curtain is being pulled back to expose to the world what really is going on that the government and the media have ignored for so long. I have stood my ground against the banks that have engaged […]

Many European shares have been the best performers in 2013 and the general optimism in Europe for 2014 is far more bullish than in the USA. Even Reuters’ poll of more than 350 strategists, analysts and fund managers, shows the expectations are for more gains. Indeed, looking at the Frankfurt DAX, its gains in 2014 […]

We are facing 2014 perhaps with blinders on as a society. Western investors have largely ignored the trend in Europe, Japan, and China and are more likely than not going to be dramatically surprised. In Chine, the high in the Shanghai market remains 2007 and new lows are still possible going into 2014. The cash […]

QUESTION: Dear Mr Armstrong, What are the risks on cash savings under the mattress and the relation from the land serial codes on Euro notes and confiscations?.. Country codes on the first series of banknotes The central bank that commissioned the printing of a banknote (but not necessarily the country of printing) is indicated by […]