QUESTION: Mr. Armstrong, I’m new to Socrates. Everybody informed me you have got 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 person 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’ slightly 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 vital is that 99% of the evaluation and financial theories are at all times domestically oriented. They by no means appear to take a look at the world as a complete. For this reason these theories like Keynesianism are failing right now. Historical past REPEATS as a result of governments will at all times act in their very own self-interest right now as they did in historic instances.
