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The Coming One World Currency
The Coming One World Currency QUESTION: Dear Marty, I sure would appreciate any thoughts you have on rumors making the rounds that the International Monetary Fund has tipped its hand, in part via its June 2017 “Fintech and Financial Services: Initial Considerations” IMF Discussion Note, and intends to replace the US Dollar as the global […]
The Long-term Cycle of Monetary Crisis
The Long-term Cycle of Monetary Crisis QUESTION: Mr. Armstrong, I have been following you for all my adult life and that has exceeded 20 years by now and am shocked to say, I found your article on how things evolve GOLD-Oil-Dollar. I must say this is a eye-opening evolution you are talking about. Has this […]
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows India’s embattled Prime Minister Narendra Modi faced a double whammy of abuse this week as his nation’s economic growth collapsed to its weakest since Q1 2014 and India’s Central Bank released a report on Modi’s extraordinary “demonitization” plan last […]
What to Do When Government Money Goes Bad
What to Do When Government Money Goes Bad First, they sold their car. Then, they downsized from a house to a small apartment. Next, they cut meat from their diets. And now, they skip meals to ensure survival. This is the story of Vanessa Posada and her husband Adolfo. They live in Venezuela. And their […]
Bad Ideas About Money and Bitcoin
Bad Ideas About Money and Bitcoin How We Got Used to Fiat Money Most false or irrational ideas about money are not new. For example, take the idea that government can just fix the price of one monetary asset against another. Some people think that we can have a gold standard by such a decree […]
Bitcoin in an Illusionary Age
Bitcoin in an Illusionary Age It is altogether fitting that crypto currencies, in particular Bitcoin, have witnessed a meteoric rise in this illusionary age. Not only has their monetary value gone to dizzying heights, but they are now being touted as the destroyer of the current, crumbling monetary order and the next paradigm upon which a […]
Salt, Wampum, Benjamins – Is Bitcoin Next
Salt, Wampum, Benjamins – Is Bitcoin Next Currency was first developed about 4000 years ago. Its genius was in the ability to supplant barter thus greatly improving trade and providing a better means for storing value. As illustrated in our title, currency has taken on many different physical forms through the years. Given the recent […]
Government Monopoly Money vs. Personal Choice in Currency
GOVERNMENT MONOPOLY MONEY VS. PERSONAL CHOICE IN CURRENCY For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been competitive markets and free consumer choice are […]
Another shoe drops in the FX fraud manipulation conspiracy
Another shoe drops in the FX fraud manipulation conspiracy FX is quite literally, a rigged game. Not like the stock market, well not exactly. FX has been, a game of ‘how many numbers am I holding behind my back?’ and the guess is always wrong! As we explain in Splitting Pennies Understanding Forex – FX […]
In Emerging Markets, It’s Time To Dump Most Central Banks, And Their Currencies Too
In Emerging Markets, It’s Time To Dump Most Central Banks, And Their Currencies Too On March 16th, the New York Times carried reportage by Peter S. Goodman, Keith Bradsher and Neil Gough, which was titled “The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer.” The theme of their extensive reportage is that U.S. […]
Why This Market Needs To Crash
bofotolux/Shutterstock Why This Market Needs To Crash And likely will Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve […]
Back From Never Gone: CURRENCY WARS
Back From Never Gone: CURRENCY WARS In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases […]
Cash Is No Longer King: The Phasing Out of Physical Money Has Begun
Cash Is No Longer King: The Phasing Out of Physical Money Has Begun As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for […]
Gold Price Skyrockets in India after Currency Ban
Gold Price Skyrockets in India after Currency Ban India’s Government Makes Banknotes Worthless by Decree Overnight As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail […]
Like Everything Else, History Repeats (Almost Exactly) Because Power Truly Corrupts
Like Everything Else, History Repeats (Almost Exactly) Because Power Truly Corrupts With both the Bank of Japan and Federal Reserve today undertaking policy considerations at the same time, it is useful to highlight the similarities of conditions if not exactly in time. As I wrote this morning, what the Fed is attempting now is very nearly […]
