QUESTION: Mr. Armstrong; You are obviously the person worth listening to when it comes to gold. Every fundamental these people have argued to support gold has proven completely false. Confusion in gold is really very high. You have to be really stupid at this point to listen to this nonsense. Can you express any opinion on gold? […]
Well, that bounce was short-lived! China led Asia lower today even as Turkey was recovering. Core Shanghai has found it difficult even with good news. The debt overhang and the sudden decline in allocated cash continue to have a negative effect on the Shanghai, which closed down over 2% today. The Yuan is suffering as […]
It was good to see a healthy 2.28% bounce in the Nikkei today, especially after yesterdays 2% decline. Unfortunately, some of this was at the expense of the currency as the Yen lost 0.5% back to a 111 handle. The currency drop helped exporters recover some of yesterdays losses, but there is still plenty of […]
QUESTION: Mr. Armstrong; I do not understand your statement that even when coins were silver and gold, they were still a form of fiat money. Could you explain that please? BB ANSWER: The evidence that supports that statement is abundant. We find coins of the immediate financial capital be it Greece or Rome, were IMITATED […]
Asia suffered from the Friday hangover with most core indices falling over -1.5%. All eyes and ears continued to focus on Turkey again today and especially seeing the Lira opened with a 7 handle. It has been scrambling to recover opening losses and did manage a 6.45 print early European trading, but has been struggling […]
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What people have to understand is that the Federal Reserve is moving in the opposite direction with respect to its monetary base. The Adjusted Monetary Base is the sum of currency (including coin) in circulation outside Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. These data are […]
The Turkish President Recep Tayyip Erdogan’s economic policy is a disaster. This is reflected by his plea for Turkish citizens to search under their mattress for foreign banknotes and gold to convert into domestic currency. It has been his economic policies and dictatorship that is driving Turkey into an economic collapse. Of course, the only […]
COMMENT: Dear Mr. Armstrong, With all respect to you and enlightenment you share with us, I would like to share some with you on Russ tribe, its origin, and its connection to Ukraine vs Russia. This topic is essential for it explains the legacy of Russ tribe and who can have a claim about it. […]
QUESTION: Hi Martin, I am a long time reader of your blog and a big fan of the tools that you have developed for investors. Thanks for all that you do and I wanted to reach out and ask about your opinion of the thesis that ——- outlines for the IMF implementing SDRs as world money […]
