This insane focus of the Fed’s options — “tapering” or not, misses the entire point. Most people admit that the whole quantitative easing has failed. True, the unemployment rate has fallen from a peak of 10% in 2010 to 7% today and the Fed’s target it claims is to keep short-term rates a near zero until […]

Judge, Richard J. Leon of the Federal District Court for the District of Columbia, has ordered that the NSA collecting data on all phone calls is illegal violating the Fourth Amendment. Judge Leon was appointed to the bench in 2002 by President George W. Bush. He has stayed his injunction “in light of the significant […]

While the amount of bears in the stock market are truly amazing, there are simply countless economists and analysts all claiming this is the all time high and a crash is imminent. They claim the classic feature of a speculative bull market peak is identified by the margin debt on the NYSE. Tracking this indicator, […]

QUESTION: Martin – how should consecutive “Directional Change” indicators be interpreted? Regards, DR ANSWER: Normally this type of pattern produces just a sideways churning back and forth. This is why in the Euro there has been nothing to write about. It is just a deflationary contraction. The dollar rose sharply between 1980 and 1985 also 1929-1932. […]

Gold has made a sharp drop today as it still winds its way down. The concern that reaching a budget deal will also help the Federal Reserve to reduce its bond buying is on point. The budget agreement is another factor that goes to the heart of the gold propaganda machine that we would be […]

  The so-called Flight to Quality is the shift in money flows from one sector to the other that traditionally is reflected in the currency. The inflationary boom into the 1980 crashed and burned into 1985 sending the dollar to records highs for the century. Money moves from PRIVATE to PUBLIC and that is where […]

QUESTION: Mr. Armstrong. Does deflation  accompany hoarding of cash and the velocity you speak of declines? Is this the trait that you write about and part of the reason gold has declined? ANSWER: People simply save money in times of uncertainty. This is one aspect we have to watch with the turning up of the […]

In 1797, after a failed French invasion in Wales had caused a financial panic, the British government suspended the metallic convertibility of the banknotes of the Bank of England. The decision taken by the Prime Minister, William Pitt the younger, caused the longest suspension of the gold standard in the UK until its demise in […]

There were two taxes that altered how people lived. There was the Window Tax that inspired row homes in Colonial America. That simply became the standard and long after the tax was gone, row homes became the norm. Row Homes eliminated the need for windows on two sides of the house. You will also see […]

QUESTION: Mr. Armstrong, I have a question concerning digital currency. How would transactions take place during times of internet, phone or power interruptions? Having a small business I see these things happen from time to time. People still usually have a little cash with them if not they are screwed. Would paper currency still be necessary? […]