QUESTION: Mr. Armstrong, can the sanctions against North Korea succeed now that China is implementing them as well? ANSWER: The UN sanctions are curbs on everything from lead and fish exports to questionable North Korean companies. North Korea is in the middle of a serious drought that’s ruining crops. Food is an issue there so this intensifies an […]
I have been pointing out the crisis we face moving forward. The gist of this is the total fiscal mismanagement of government for which we, the people, are always blamed. This hunt for taxes has led down the path of arguments for eliminating currency. While people think Bitcoin is an answer, they do not […]
General view of the buildings of the Court of Justice of the European Communities It has taken almost 10 years for the ECB’s controversial government bond purchases to finally reach the European Court of Justice (ECJ) to be reviewed as to their constitutionality. There have always been serious questions whether the PSPP (Public Sector Purchase […]
Trump’s economic consultant adviser, Gary Cohn, has declared a return to the separation system in the US banking system in effect restoring Glass-Steagall Act which dates from the 1930s and was adopted as a result of the Great Depression yet abolished in 1999 by the Clintons. Trump had already spoken during the election campaign […]
Asia took its cue from the strong US session and initially saw gains across the core. The Nikkei made-up for its previous poor performance with a closing gain in-excess of 1.1% and watched as the yen played at the mid 110’s. Having seen the bounce-back, volumes were lower than usual but with national holidays in […]
QUESTION: Thanks for this free advice. But, in this comment: “/our-european-tour-part-ii-seizing-all-bank-accounts-throughout-eu/” You write: “Clearly, people should be fully aware of the thinking process in government. Brussels will become authoritarian when the free markets rain on their parade. I strongly recommend that everyone should keep 30 days worth of cash to cover your basic needs.” But, it […]
QUESTION: Mr. Armstrong; What is your view of moving averages? Can they really be used for trading? Thank you KL ANSWER: No. Moving averages and stochastics are nice confirming tools. They are incapable of forecasting a high or low. They also do not reflect magnitude of a move. They can be a useful confirming tool, […]
I have been warning that as governments move closer to this major event of a Sovereign Debt Crisis which begins next year with the start of the Monetary Crisis Cycle, they historically will ALWAYS, and without exception, bite the hand that has fed them. The object for government is survival of the fittest and that […]
The violence that erupted ahead of a planned rally where thousands of white nationalists were expected to gather for an alt-right protest in Charlottesville, Virginia, on Saturday, led to numerous injuries of which at least two people were seriously injured. A video appears all over YouTube showing the confrontation as a man is being dragged […]
Germany and France have conspired to tax citizens who rent their houses after the German election. Germany and France are scheming to submit a joint proposal on the taxation of online platforms such as Airbnb. They are hunting citizens for every possible thing they can imagine. This time they are targeting Airbnb. They cannot see that this […]
