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Martin ArmstrongNOTE: HERE is a website dedicated to exposing Mr. ArmstrongMartin Armstrong, while not limited as a Precious Metals analyst, probably has one of the most colorful history's of anyone we have researched. He runs Armstrong Economics and became a millionaire at 15 by collecting coins. Mr. Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned...

Lets answer the old question many numismatists make: "For how long did ancient coins circulate?" Lets take a look at some examples of Roman coins and hoards and try to come up with an answer.How long Did Roman Coins Stay in Circulation? | 18:38Classical Numismatics | 17.2K subscribers | 51,039 views | September 9, 2023

The stock market is overvalued, and it's not just the tech sector that appears stretched, according to JPMorgan's chief global market strategist Marko Kolanovic.The S&P 500's forward price-to-earnings ratio is currently 19.4x, and when you back out tech and AI stocks, the remaining 65% of the index trades at 17.4x, according to Kolanovic. That's not cheap, as the historical forward P/E of the index is 15.3x, meaning that current valuations represent a 10% premium. "FOMO is in full swing, there is complacency being built into stocks with VIX at the lows of its range," Kolanovic said in a Monday note....

There is a lot going on in the US housing market. Excessive monetary stimulus keeping mortgage rates low, historically low inventory available for sale, and FOMO (fear of missing out … on rapidly rising home prices). The Case-Shiller repeat sales index for October is out … and the national home price index “slowed” to 19.08% YoY as mortgage rates rose. Note that available inventory of homes for sales remains very low. By metro area, Phoenix AZ once again leads with 32.3% YoY. Minneapolis MN is the slowest growing metro area in terms of home prices at 11.5% (tied with Chicago,...

Lucky for you, these gold rush hot spots have not yet run their mining courseMillions of Americans have tried their luck at gold panning. In 1852, the peak production year of the Gold Rush, $81 million worth of gold was discovered in California alone, coming to about $3.2 billion in today’s dollars. And still, two centuries later, prospectors search for gold in public areas across the American West. “Once you see your first flake of gold pop out of the pan, it hooks you,” says Andy Brooks, president of the Central Valley Prospectors gold panning club based in Fresno, California....

December30, 2014 John_Rubino Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 376% of GDP, by far the highest level on record and clearly unsustainable. Long-term US Treasury rates had been falling for literally three decades and despite a recent uptick were so low that the only way forward seemed to be up. Europe and Japan were drifting into recessions that could...

China in July purchased 80.1 tons of gold valued at $4.6 billion China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve currency of the world, but any such currency would unlikely achieve that goal. "The USD remains the safest, most convenient and most widely used currency in Asia and in the world today," Min-Hua Chiang, a research fellow and economist at the Heritage Foundation’s Asian Studies Center, told FOX Business. "No other currency (backed by gold or otherwise) is comparable, and that is unlikely...

The Japanese yen is at its weakest point in two decades. A year ago, the dollar was worth 110 yen. Now it is worth 135. Japan’s central bank is increasingly hearing calls to hike up interest rates à la the Federal Reserve, despite its historically accommodative monetary stance. To help explain the backstory, here is an excerpt from the Finance section of The End of the World is Just the Beginning: Long before the world wars, even long before America’s Admiral Perry forced Japan open to the world, the Japanese had a unique view of debt. In Japan capital exists...

As we are painfully aware, The Fed’s exaggerated monetary flood combined with Federal stimulus spending has led to horrible inflation. Yes, despite what government talking heads say, Federal stimulus increases demand for goods, the supply is generally slow to respond resulting in rising prices. Then government policies driving up energy prices also leads to highers prices. Throw in Federal Reserve monetary stimulypto and we have this chart from hell from Penn-Wharton. The chart shows that households earning less that $60,000 experience higher expenses due to rising prices than their gain in earnings. Another chart from hell is the Russian USD...

New scientific analysis of the composition of Roman denarii has brought fresh understanding to a financial crisis briefly mentioned by the Roman statesman and writer Marcus Tullius Cicero in his essay on moral leadership, De Officiis, and solved a longstanding historical debate.Researchers at the University of Warwick and the University of Liverpool have analyzed coins of the period and revealed a debasement [sic] of the currency far greater than historians had thought, with coins that had been pure silver before 90BC cut with up to 10 percent copper five years later...The reference is part of an anecdote describing self-serving behavior...

“There is gonna be a new world order out there and we’ve gotta lead it! And we gotta unite the rest of the world in doing it!” That is what Biden proclaimed in a recent speech. But since Biden has a tendency to get his speeches wrong, what he meant to say was: “There is gonna be a new world DIS-order out there and we’ve gotta lead it! Sadly, as the world has heard in many speeches by the US president, he hasn’t got a clue that his “empire” is collapsing around him. But regrettably for Biden, the US isn’t...

Tonight, the Fed is still partying with your currency like this is the richest country in the worldThere's probably no institution in American life that has more effect on how you live, but that we talk about less than the Federal Reserve. People don't care to talk about the Federal Reserve because it seems very complex and a lot of what it does is in fact complex. Unless you have a grounding in monetary policy, it's hard to know exactly what's going on. But the basics aren't that complicated, actually, and here are a few of them. The Federal Reserve...

Part One: The Banking Houses of Morgan and Rockefeller [VIDEO] The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the...

Nixon was worried about trade deficits and a deteriorating balance of payments. He rejected the advice of Volcker, then treasury undersecretary, and the Fed chairman at the time, Arthur Burns. Instead, Nixon closed the gold window, meaning foreign governments could no longer exchange dollars for gold. The value of the greenback fell like a stone. So as the value of our currency declined, prices denominated in dollars sky-rocketed. We printed bad money and too much of it, and that’s the definition of inflation. Excess money in relation to demand will do it every time. Lack of value will do it...

Tomorrow Sunday August 15, 1971 is the 50th anniversary of Richard Nixon closing the Gold Exchange Window that allowed foreign holders of US Dollars to exchange their US Dollars for gold priced at $35/ounce......an agreement that had been in place since the end of WW II.... When this decision was announced it's hard to imagine the impact after 50 years...think of Bill Clinton getting NAFTA passed, repealing the Glass/Stegall Act, think of GWB invading Iraq and Afghanistan, etc....actions by President's have monumental impact over time, when at the time it seemed to be insignificant... Not advocating one position over the...

China vs the almighty dollarBy Henry C K Liu The Italian Marxist thinker Antonio Gramsci, while under Fascist imprisonment, developed the concept of cultural hegemony: control people's minds, and their hearts and hands will follow. Gramsci explained how one dominant class can establish its control over others through ideological dominance. Whereas orthodox Marxism explains social structure as shaped by economic forces, Gramsci adds the crucial cultural dimension. He showed how, once ideological authority (or "cultural hegemony") is established, the use of overt violence to impose control can become superfluous. Today, the world lives under the virtually undisputed rule of a...

When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: "They have no intrinsic value."

Fifty years ago this Sunday, President Richard Nixon announced a bold economic plan, including the severing of the U.S. dollar’s ties to gold. Since then, the world’s monetary system has consisted of (mostly) freely floating currencies. The dollar nonetheless remains the primary legal tender used internationally for trade, finance, and as a store of value, which has conferred upon the U.S. enormous advantages. Whether that will continue for the next half-century is far from certain. The Bretton Woods system, in effect back then, reflected America’s economic pre-eminence after World War II. Currency exchange rates were fixed, relative to the dollar,...

Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term then in 2023 and beyond. The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation for the...

Link only: https://www.bloomberg.com/news/articles/2021-05-04/sam-zell-buys-gold-with-inflation-reminiscent-of-the-1970s