Berkshire Hathaway: CEI Score 0
Berkshire Hathaway managed to score a total of zero imaginary woke points on the Corporate Equality Index. The Human Rights Campaign (HRC) investigates how woke a business has become, solely [...]
Lebanon Declares State of Economic Emergency
Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is one of the world’s most indebted nations and it maintains its pound to a peg of around 1,507.5 to the dollar. This attempt to reassure investors about the country’s ability to repay its debt and strengthen its currency is not being considered reliable as the start of Sovereign Defaults is underway on an economic pressure. Countries have been borrowing year after year with no intention of paying off their national debts. It has been a fool’s game and we are starting to see this pressure build as it will FIRST on the currency pegs, and then on the inability to meet debt payments.
Welcome to Big Bang (2015.75-2022). We begin with peripherals and state/provincial level as well as municipal.
Latest Posts
Illegal Residents Permitted to Vote in Texas
The Democrats defeated a proposed bill that would require voters in Texas to be citizens of the United States. I could not simply enter a country where I do not [...]
Turkey & the Election
QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we [...]
Biden on Gay Marriage (2006)
https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Biden-Gay-Marriage.mp4 Politicians echo the popular opinion of the time to gain votes. They act in their own self-interest and do not care about the people. Joe Biden now prides [...]
