Posted Jun 5, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; You wrote that the 1906 San Francisco earthquake resulted in the Panic of 1907 and laid the foundation for creating the Federal Reserve. I was also told that the Kobe earthquake in Japan is what resulted in the Barclay’s loss. Is this why you also input natural disasters into your model? Has this been a pattern throughout history?

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https://www.armstrongeconomics.com/history/europes-economic-history/taxes-disasters-always-repeat/