QUESTION: Mr. Armstrong, I’m new to Socrates. Everybody advised me you might have carried out extra analysis and have real-world expertise unmatched within the finance world. Your submit 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 might have been saying ‘by silver {dollars} and cash’ somewhat than ‘by silver bars’?
OP
ANSWER: Sure. I look to see what governments have carried out earlier than as a result of they inevitably will repeat the identical actions. However what’s much more necessary 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. Because of this these theories like Keynesianism are failing as we speak. Historical past REPEATS as a result of governments will all the time act in their very own self-interest as we speak as they did in historical instances.
