The main topic again last night was the magnitude of the advancing Yen. Despite a convincing break below the 109 (and 108 in European trading) the Nikkei only managed to hold ground to show a modest (0.22%) gain on the day. The Shanghai fell over 1.3% overnight and only just managed to hold the psychological […]
Some people were surprised that I wrote that the USA paid off its debt under Andrew Jackson. What you have to understand is that the debt was effectively a deal between Jefferson and Hamilton. Jefferson forced an agreement that debt had to be paid off and the capitol would be put next to Virginia which became Washington, […]
Greek TV The fact that this movie is appearing on national television in Europe and even in Canada, but not the United States, demonstrates how there really is no free media. Even Jeff Deist of Mises Institute wrote: “Martin Armstrong is one of the most famous economic forecasters alive, but you wouldn’t know it after […]
In Naples, Italy, riots against Prime Minister Matteo Renzi resulted in clashes between police and demonstrators. Italy’s government had to address the plight of Italian banks which now seems to be significant as both houses of parliament voted to create a state fund for bad loans. On Tuesday, the government announced that they planned to fund the money […]
Based on the cash, we can see that the Greenback has rallied sharply against the A$ but has not elected a yearly bullish as of yet. It did exceed that level intraday, but the fact that it failed to retain those gains warns that we are not looking at new historic highs for the dollar […]
From the outset, inside sources have relayed that Cruz is very disliked behind the curtain. His entire strategy from the beginning has been to be the last man standing against Trump. Cruz assumes the party will install him despite the fact that most really dislike him. All the exit polls show that more than half of […]
Obama is calling for worldwide tax reform as is his socialist IMF candidate Christine Lagarde. “There is no doubt that the problem of global tax avoidance generally is a huge problem,” Obama said. This whole issue focuses on people not paying whatever the government demands. It never addresses government squandering money. Obama went on to say, “We […]
The majority of voters who went to the polls in the Netherlands on Wednesday to express their opinion on the proposed agreement between the EU and Kiev have rejected it. The results of the vote show that 61% of the Dutch are against the agreement to strengthen ties with Ukraine. This is showing that the people […]
