Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to keep state employees rolling in their pensions. The governor vetoed the tax increase and he was overriden. There is absolutely no hope for Illinois. […]
It was just one day after the first test of an intercontinental rocket by North Korea, that the US demonstrated military strength and threatened further sanctions against the isolated state. We have to understand that we are dealing with a pampered Kim Jong Un who will never yield to sanctions and countermeasures of rocket tests. […]
Refreshingly, the markets tended to ignore geopolitical tensions escalating around North Korea after the recent missile test. All core markets returned positive today with China performing for both markets. The Shanghai recovered early weakness and closed up 0.75% on the day, whilst in Hong Kong the large cap’s weighed much on the shine but still […]
The governor of California is just insane and out of control. Besides the boasting that California is its own country free to enter into treaties with Europe against the Constitution, now Governor Brown is restricting the freedom of movement of its citizens, creating a list of states within the USA that California is imposing […]
QUESTION: Mr. Armstrong; it is becoming obvious that China follows your advice to the last letter. That makes sense when you were the western adviser they flew in to Beijing during the 1997 crisis. You told them to bypass the primary dealers and demand to buy US debt directly and they did within 30 days. […]
COMMENT: Dear Marty I’m doing business w companies in Holland. So I go there with a colleague to visit one of the factories outside Amsterdam. We rent a car and drive there. Everything is fine and all. No problems with traffic, finding our way or so … After leaving Amsterdam back home it […]
There is a revolution coming that is engulfing the world. Governments are broke and are taking drastic measures to stay in business. Not all revolutions are bloody. There have been revolutions such as that in Russia when the army stood down and would not fire upon the people. Even in Saudi Arabia, there is […]
The most anti-democratic law perhaps ever to pass any western government just passed in the German Bundestag last week. Even the opposition Social Democratic Party (SPD) votes to suppress free speech and it is all geared to end criticism of government. This new law obligates the operators of social networks to block off anything that […]
Trump is clearly his own worst enemy. As long as he feels he must lash out at anyone in the media who bashes him, he only gives more attention to what they are doing and it is to their benefit to now criticize him hoping he lashes out making them more famous. I agree, his […]
