QUESTION: Do you think that the central bankers influence has triggered a massive shift in the world order? Do you think the IMF and the BIS have gone beyond their mandates? Are central bankers directing the flow of money without any checks or balances? Do you also think that there is an open door between […]
QUESTION: You said that if you owe taxes the government can deny you a passport? I never heard that one. ANSWER: Oh yes. This has been in place for several years. The Wall Street Journal just reported that “at least 362,000” Americans will be unable to renew their passports because of back tax bills. […]
Stockton California, which was previously one of the bankrupt cities, will now become the first in the country to participate in a test of Universal Basic Income. Stockton will give 100 residents $500 a month for 18 months, with no strings attached. This idea is really braindead. You cannot pay people not to work which […]
Asian markets focused in Wall Streets rally and especially as trade concerns appeared to have faded for now. We saw another solid day for Shanghai (+0.5%) but sadly the Hang Seng was unable to join the party. It looks as though the tech sector is failing the HSI, but then it has been the star […]
QUESTION: Mr. Armstrong, I thought you would be wrong on the pound. I will yield to your forecasts. I do not know how you do it forecasting so many things around the world and getting them right no less. Reading between the lines who have written, on the one hand, you have said that Brexit […]
COMMENT: Dear Mr. Armstrong, The weather, politics, and life in general is getting a little more skewed month by month on the planet—and like everyone else in history who has experienced cyclical highs and lows, I sure wish I’d been able to skip this cycle altogether— I’m 64 and really trying to keep realistic and not […]
QUESTION: Martin, I know that the basic ECM cycle’s 4.3 year decline subdivides into a 1.075 year decline, 1.075 year rise, and 2.15 year decline. However, if I remember correctly, the 2.15 year decline also includes the Pi cycle turn 3.14 years from the top. If I remember correctly for this ECM cycle, the 2.15 year […]
The mood appeared constructive in Asia today mostly following on from the late US rally Friday. Lack of any damaging weekend headlines has proved to be a relief and the markets have reflected it. China showed its reserve today with the core Shanghai index climbing over 2.5% and equally impressive, closing at the highs of […]
The American Embassy personnel in Haiti are still under an order to take shelter and remain in place. They have been instructed: “Do not attempt to travel at this time.” Riots began on Friday in Haiti and have continued for three days when the government, instructed by the IMF to reduce government subsidies for fuel, resulting in […]
QUESTION: Were the Crusades inspired by economics? You mentioned how Venice looted Constantinople. Thank you for making history interesting KR ANSWER: To understand the Crusades, we have to first look at what was the original justification. The Catholic Church encouraged pilgrimages from the 4th century, but they began really during the 1st-2nd century and built in […]
