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Tag Archives: currency
Ending Fiat Money Won’t Destroy the State
Ending Fiat Money Won’t Destroy the State A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the world will improve […]
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what […]
Wrong for a different reason
Wrong for a different reason Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala. Since the slogan was clearly political, it wasn’t long before the various political […]
How long will the US dollar’s dominance last?
How long will the US dollar’s dominance last? 301 AD was a big year for the Roman Empire. That was the year that, amid spiraling inflation, Emperor Diocletian issued his Edict on Maximum Prices, essentially fixing prices of just about everything across the Roman Empire. The price of wheat, a day labor’s wages, a quart […]
The Real Digital Plot
The Real Digital Plot The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, […]
The Most Lethal Act that Kills Governments
The Most Lethal Act that Kills Governments QUESTION: Mr. Armstrong. I heard you are the best when it comes to monetary history and systems. I found your comment that it was not the printing of money that created the German hyperinflation but they first confiscated 10% of everyone’s assets. My question is this the only such […]
What Gives Value to a Currency?
What Gives Value to a Currency? QUESTION: Hello Martin, can you explain to me how a currency would sustain value for international trade if a country, like Canada (where I live), did what you suggested and stopped issuing debt and just printed money to level that was 5% – 10% of national GDP? would it depend […]
Understanding the Persecution of John Law
Understanding the Persecution of John Law COMMENT: Hi Mr. Armstrong…..this is a surprising (to me) summary, on John Law. Every piece I ever read about him, cast him as a complete scoundrel, yet you obviously write with admiration. Just another example of history depending on someone’s perspective. You never cease to surprise. And that’s good. HS […]
Opinion v Fact
Opinion v Fact COMMENT: Marty, Each day I read reports from so called reputable people expressing what they think might happen given the backdrop today. It is laughable. Most do this based on superficial analysis or cursory comparisons with things that appear to line up, appear to rhythm, to paraphrase M Twain. What a joke. I say […]
Globalization and Financialization Are Dead, and so Is Everything That Depended on Them
Globalization and Financialization Are Dead, and so Is Everything That Depended on Them Financialization was never sustainable, and neither was the destructive globalization it enabled. All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed millions but no biggie, the […]
Peter Schiff: Americans Are in for a Rude Awakening
Peter Schiff: Americans Are in for a Rude Awakening On Jan. 13, Peter Schiff appeared on RT Boom Bust with Bubba Horwitz to talk about the yuan, the dollar, the stock market and the US economy. Peter said the dollar is eventually going to collapse and it’s going to be a rude awakening for Americans. The Chinese […]
Rob Kirby-U.S. Dollar Rejection to Accelerate
ROB KIRBY – U.S. DOLLAR REJECTION TO ACCELERATE Returning SBTV guest, Rob Kirby of Kirby Analytics, had a though-provoking conversation with us – he questioned the ridiculousness that the US has never had a failed bond auction given the poor fundamentals of the US dollar, even as de-dollarization sentiments are accelerating. Discussed in this interview: 02:07 Fed unwinding balance […]
