Well, that bounce was short-lived! China led Asia lower today even as Turkey was recovering. Core Shanghai has found it difficult even with good news. The debt overhang and the sudden decline in allocated cash continue to have a negative effect on the Shanghai, which closed down over 2% today. The Yuan is suffering as […]
There has been a lot of lobbying behind the curtain going on asking Qatar to change its position and help Turkey for the IMF would not be able to come to the rescue. Sources are saying that Qatar will help Turkey to the tune of $15 billion for now. Those lobbying have included the United […]
QUESTION: Mr. Armstrong; I really understand why the government wanted your model so bad. You have been the only one to correctly forecast the entire world. The emerging markets are cracking and the euro is falling apart. What is next in your timetable? ANSWER: We have been warning that the first to crack would be […]
The European Central Bank is instructing banks to restrict the conversion of Euros to dollars. The Euro has fallen to 113006. Once again, the dangerous game here is when we cross that line of demarcation between CONFIDENCE in government and the REALIZATION that there is nobody in control but the free markets. Once all the talk […]
QUESTION: It is clear our government seems to be going crazy. I know you use to live here in Sydney. We met many times when you did conferences here. I also know you once said you would like to retire in Australia. Has that changed? Paul ANSWER: Well, my dreams of retirement have not been […]
Some people have written in and asked why we have issued a report that shows how and when China will displace the USA and the West as the Financial Capital of the world. Let me explain some interesting facts. If we look at the top ten cities for tourism, you will find that the half […]
The German central bank, the Bundesbank, has significantly expanded its ability to control and access cash transactions in the hunt for taxes. They have required statements and assurances from cash-demanding commercial banks for the purpose of the intended business requiring cash. The Bundesbank has declined to comment on the new policy. The Federal Association of German Banks […]
