and what of it ?
The most recent PDF is 32 pages on the Euro.. Simply, the Euro won't work, until the King puts Humpty Dumpty back together again, so that Euro-Bonds may be issued as a counter-part to the Euro-currency.
Debt denominated in the currency of the trading unit. Costing the issuers, proportionate to their credit-worthiness within the trading unit (EU). Failing that, he says, the Euro will falter like a palsied walker trying to cross a main traffic intersection.
Next newest is the article about US Treasury Bonds heading to new lows while gold heads to new all time highs. MA's emphasis was that the bonds of debtor countries like Greece would become the "Virtual Currencies" of those countries within the Euro Union, as they have. Now instead of speculating against the Greek Drachma, the debt of any country becomes its "Virtual Currency".
On Aug 16, he published 5 pages on "Big Money & Depressions" in which he made a good case for the USA being very able to carry their debt without incident due to its moderate GDP to Debt ratio.
So many people enjoy loathing the USA, IMO, it blinds them to the fact of the countries overall variety and productivity of goods and services used both domestically and globally and lightens up the gloom and doom projected by so many.
On the 15the he published 3 pages which stared off being about the 40th year Anniversary of Floating Rates.
In this or another recent PDF he made it clear that money was simply a convience evolved from barter, and that it was normal for the prices of EVERYTHING to fluctuate with supply and demand for that item,, including currency, be it paper dollars or gold / silver ounces. During this and previous months he laid out a good case for the value of gold not as a gold standard with fixed values but as a quantitative constant in which the demand for that item ( gold or silver) being determined using floating rates in order to make sure that large amounts of the metals were not artifically removed from countries using it as a reserve asset, by artifically low pricing.
In the article "Foundation Stones", he discusses the reality that DEBT is the issue because Govts have come to be uncontrollable issuers and regardless of the intent of the issue, the record is that Govts do not ever pay back their borrowings. He goes on to discuss the shortcomings of the way leadership organizes itself and how human nature expresses itself through attempts to guarantee profits through manpulations and such. I write here to share relevant information to help you be effective in markets and while I in no way disagree with Mr. Armstrong ( I sympathize strongly as a matter of fact), its not helpful to my purpose here to go any deeper than this.
I have just scratched the surface here, and I do include some of his information when composing my tactical operations outlook for the short and medium term. I do include the results of this in my publications PEAK PERFORMANCE PICKS and AGGRESSIVE PRESERVATION, available at www.denaliguide.us.