Coming Institutional Reports for 2025
QUESTION: Mr. Armstrong, I have followed you for three years. I can see why you are regarded as the world’s highest-paid advisor and have offices worldwide. You are also the [...]
China Credit Rating Agency Downgrade USA
The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government debt whatsoever when in fact there is not a single government in the world who ever intends to pay off their debt. So why does anybody rate government debt? It is not like the USA would default. Deficits mean absolutely nothing. Obama’s first four years produced deficits that were nearly $5 trillion. Trump’s Tax Reform the Democrats claim will add $1 trillion. So why was $5 trillion OK but $1 trillion is not?
The entire rating game is a joke. Nobody will ever pay off their debts so why rate something that is impossible anyway?
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US Credit Card Defaults Reach 14-Year High
Credit card defaults in the US skyrocketed by 50% in the past year. Credit card defaults reached $46 billion in the first nine months of 2024, a level not seen [...]
Intifada Rally in New York Funded by Goldman
Hundreds of people took to the streets of Manhattan on New Year’s Day to demand an intifada revolution. The Palestinian Youth Movement, the Party for Socialism and Liberation and the [...]
Slovakia v Ukraine and the EU on Energy
Slovak Prime Minister Robert Fico has nearly accepted that his country will be forced to pay an additional €500 million for energy due to Ukraine’s refusal to renew the Russian [...]
