US GDP & Recession into 2028
QUESTION: Mr. Armstrong, Socrates correctly picked March as the Directional Change, and it looks like there will be a sharp decline into June. Are you expecting a serious recession with [...]
Lebanon Declares State of Economic Emergency
Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is one of the world’s most indebted nations and it maintains its pound to a peg of around 1,507.5 to the dollar. This attempt to reassure investors about the country’s ability to repay its debt and strengthen its currency is not being considered reliable as the start of Sovereign Defaults is underway on an economic pressure. Countries have been borrowing year after year with no intention of paying off their national debts. It has been a fool’s game and we are starting to see this pressure build as it will FIRST on the currency pegs, and then on the inability to meet debt payments.
Welcome to Big Bang (2015.75-2022). We begin with peripherals and state/provincial level as well as municipal.
Latest Posts
See You Next Month?
See you in precisely one month at the London Economic Confidence Model Seminar! Can’t attend in person? Keep reading to learn about our virtual ticket option. Prepare to embark on [...]
Russia Responds Precisely on Target
Nearly $300 billion worth of confiscated frozen Russian assets have been set to the side by the West. Some of the world’s leading decision-makers have been urging the powers that [...]
Global Taxation – Proposal to Fight Climate Change and Poverty
Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when [...]
