QUESTION: Mr. Armstrong, I’m new to Socrates. Everybody informed me you have got achieved extra analysis and have real-world expertise unmatched within the finance world. Your publish on silver and the long-term blew my thoughts. No one has ever defined the true historical past of silver and confiscations. Is that this why you have got been saying ‘by silver {dollars} and cash’ reasonably than ‘by silver bars’?
OP
ANSWER: Sure. I look to see what governments have achieved earlier than as a result of they inevitably will repeat the identical actions. However what’s much more vital is that 99% of the evaluation and financial theories are all the time domestically oriented. They by no means appear to take a look at the world as a complete. This is the reason these theories like Keynesianism are failing at the moment. Historical past REPEATS as a result of governments will all the time act in their very own self-interest at the moment as they did in historic occasions.
