by Martin Armstrong, Armstrong Economics:

QUESTION: Mr. Armstrong, My wife insists that I write to thank you for making me invest in stocks rather than gold. We split the money, and my wife invested in the Dow with your 2015 ECM turn, and I kept the gold. She beat me on the Dow since it closed in 2023, up about 250%. After reading your input into history, am I correct that this argument of fiat currency is erroneous? It seems like civilizations have risen and fallen, no matter the money system at the time. Could you elaborate on whether this is true or false?