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Merkel’s Amnesia: What Goes Around Does Not Always Come Around
Merkel is obsessed with the German hyperinflation (which leads to demands for austerity) and assumes that her personal promise that Greece will be made to pay back any bailout, shows that she places...
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Merkel’s Obsession with Austerity & Bias of the Press Against Greece
The obsession with austerity stems from Germany’s experience with hyperinflation. This is akin to the USA’s obsession with the deflation of the Great Depression. Both political groups and nations fail...
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Why Was the 1933 Confiscation of Gold A “Good Thing”?
QUESTION: Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions in 1933 were not directed simply at...
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The Long Depression – the First Great Depression
What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the 1930s. Consequently, some limit the term...
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Austerity vs. Hyperinflation: Which Is the Precursor to Revolution?
QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems that as you say they are again mixing...
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Belgium Riots Reach up to 100,000 People Against Austerity
Major protests have broken out in Belgium over AUSTERITY, according to Le Monde. According to the police, up to 100,000 people demonstrated in the center of the capital against the AUSTERITY measures...
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Austerity: Good or Bad?
QUESTION: Martin, The ‘Austerity’ argument seems a bit confusing. Surely, “Austerity” means reducing the size of Government and is an understanding that we can’t keep funding zillions of civil/public...
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Europe Begins to Rebel Against Austerity
COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back to 116 to the rally in gold and its...
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What were Roman Taxes v Modern Taxes?
QUESTION: You do a lot of comparison to the Roman Empire. What was the size of the government relative to GDP? Can you estimate that? GY ANSWER: The Roman economy was more like the USA during the...
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Could the Great Depression Have Been Prevented?
QUESTION: Dear Martin, I appreciate all you share. I watched a series on the Great Depression and they talk about how socialism saved capitalism. If true, is this part of a healthy cycle between the...
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