All posts in " Sovereign Debt Crisis "

World Debt Burden has Exceeded $230 Trillion

January 9, 2018

QUESTION: Mr. Armstrong; I find it interesting how you have pointed out that when it comes to public debt, the USA is actually far better than Europe or many in Asia. You also forecast that debt would begin to rise sharply from mid-2017 going into 2021. Do you have any figures to support that forecast? […]

The Municipal Debt Crisis Begins

January 8, 2018

I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help from the future German federal government as the building crisis among financially weak municipalities continue to escalate. This […]

Trump & Taxes

December 7, 2017

QUESTION: Do you support Trump increasing the debt by a trillion dollars? I thought you were conservative? PY ANSWER: Well the first thing you have to do is get a grip on what is a reality. Governments around the globe borrow every single year with absolutely no intention of ever paying off their national debts. […]

ECB Worried Who Will Buy Government Debt if they Stop?

October 18, 2017

  According to RELIABLE sources behind the curtain, the crisis in Spain led to a significant amount of selling Spanish debt to the European Central Bank (ECB) which has meanwhile swelled to 2.3 trillion Euro. There are problems now emerging in Italy and the appetite for government debt at low rates is not as strong […]

Italy’s Experience With Pre-Pay VAT Was Devastating

October 3, 2017

COMMENT: Re:  Germany To Tax VAT Just Billing People Before they Pay Please note in Italy we had the same = pay VAT to the government before collecting it from client for decades, until a couple of years ago (approx), when Italian government changed the rules (first you collect VAT from clients, then you send VAT […]

Taxing Income Before You Earn It

October 1, 2017

COMMENT: Hello Martin; I trust you and the state of Florida are healthy, hurricane or not. As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me nearly 30 years ago with income tax on accounts receivable, whether collected or not. I was 22 years old when the accountant came to review my […]

ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

September 27, 2017

QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering perspective. It certainly disproves the Austrian School and the events post 2008 support your statement. The European Central Bank is supposed to traditionally pursue the goal of monetary stability. The Germans have followed the Austrian […]

Government & Revolution – Is it Inevitable?

August 15, 2017

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 […]

Navigating the Business Cycle = Prosperity

July 18, 2017

The key to the future is understanding (1) the past and (2) how everything functions. Sure there is a risk of a Dark Age after 2032. Hopefully, we can learn from the past to push things in the right direction at least for once. For whatever reason, the people who like to run government are […]

Illinois Should Just Be Dissolved as the Solution

July 13, 2017

John Kass of the Chicago Tribune has come out with a blunt article, yet it is the only possible solution since the government is effectively just bankrupt with no hope of recovery. He writes: “Illinois is like Venezuela now, a fiscally broken state that has lost its will to live, although for the moment, we […]

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