QUESTION: Do you think that Bitcoin will replace gold as some people claim it is some new reserve asset? Thank you for being the voice of reason in the middle of all these people preaching their own position. GD ANSWER: That is really a bizarre question. I do not see how that is possible. As […]
Asia: The China-France bilateral agreement reached all-time highs. French exports such as luxury goods, agricultural, and pharmaceutical products experienced a huge growth over the past few years. Elsewhere, more reports were released today regarding China’s religious persecution of Muslims and Christians. Japanese inflation slowed in February as can be seen in falling gasoline prices. The […]
Asia: As for the U.S.–China trade deal, there seems to be a disparity (or at least perception of disparity) between the original and current U.S. approach to the deal. President Trump had initially focused on a reduction of U.S. trade deficit by requiring China to purchase more goods from the U.S., whereas now U.S. officials […]
As time passes, the newer generations lack any understanding of gold standards or even the events of 1971. There are many people who judge the future of gold based upon their belief that it is money. However, like religion, human society is fragmented and certainly neither of one faith nor one political party. While there are […]
Asia: US-China trade deal remains top-of-mind, yet, as uncertainly looms on progress from here, President Trump stated that the tariffs could remain for quite some time. Separately, pressure is mounting from international countries against Chinese human right violations against the communities in the Uighur region. Wednesday was a mixed day for the major Asian stock […]
Note: Due to technical issues, the delivery of this blog post was abnormally delayed. We apologize for inconvenience. Asia: Denmark’s largest telecom group, TDC, has chosen Ericsson (from Sweden) over existing provider Huawei to roll out its ultra-fast 5G mobile network. This is on the back of recent security concerns regarding China. According to a […]
QUESTION: Mr. Armstrong; You seem to have studied history more than any professor I ever met. So I am directing this question to you. Did Rome have their Trump who tried to drain the swamp? Or was everyone just immersed in the swamp? LR ANSWER: History repeats because human nature never changes no matter how […]
QUESTION: There are a few people coming out claiming the stock market will crash so buy bonds even though you will lose money. How can people keep calling for a mega-crash so long with constantly being wrong since 2010? Thank you for your reason NR ANSWER: These people are still living in a world that […]
Asia: Huawei, the Chinese smartphone maker, said the company will look at building its own OS as a plan B if a ban is extended to US-based Google and Microsoft. A green day for the major Asian stock markets: Hang Seng increased 396.75 points (1.37%) to 29,409.01; Shanghai increased 74.67 points (2.47%) to 3,096.42; NIKKEI […]
Asia: At the conclusion of the annual National People’s Congress meeting, Chinese Premier Li Keqiang said that Beijing is prepared to support a slowing economy by cutting reserve requirements and interest rates if needed. Followed by the good news, the Shanghai Composite index increased 31.07 points (+1.04%) to 3,022 this Friday. The rest of the […]
