Saudi Arabia Announces Fiscal Deficit of $135 Billion

Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday, will increase petrol prices by 50%. This will only bring gasoline to 33 cents (0.90 riyals) … Continue reading →

Latest Posts

Why America Will Lose this War As every one Since WWII

March 30, 2023

A number of people have asked why does Socrates say that the United States will lose this war. One states: “The standalone American firepower without UK/ France, etc, itself is [...]

The War in Ukraine – The Real Version

March 30, 2023

https://www.armstrongeconomics.com/wp-content/uploads/2023/03/CNN-2014-Donestk.mp4 Here is a CNN Report on the Ukrainian Civil War that the US instructed to launch in 2014 by the interim government the West installed with the Revolution. [...]

Biden Ridiculed Russia’s Threat to Form an Alliance with China (1997)

March 30, 2023

Neither this speech nor Joe has aged well. On June 20, 1997, Joe Biden laughed at Russia’s threat to form an alliance with China if NATO were to expand into [...]

China wants Apple Back – China’s Davos

March 30, 2023

China’s zero COVID policy isolated the nation for nearly three years and caused businesses to flee. One of the steepest losses occurred when Apple halted the production of the iPhone [...]

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