British MoD Allegedly Hacked by China on May 7
The Ministry of Defence (MoD) announced on May 7 that they were targeted by hackers. The initial announcement did not state who was responsible, but Sky News reported that their [...]
Italy Issuing Debt in Dollars – Not Euros
Italy today launched new debt in US dollars instead of euros in hopes of attracting dollar investors as the euro market continues to show signs of stress. They issued USD 2.5bn 5yr, USD 2bn 10yr, and USD 2.5bn 30yr.
We are in the end game now to have euro members begin issuing debt in US dollars. This is going to create further tensions between the Fed and ECB moving forward. The REPO market is still in crisis and the fears in Europe behind the curtain continue. This all puts the Fed and the ECB on a collision course.
Latest Posts
Germany and Japan to Hold Joint Naval Exercises
Japan and Germany announced plans on May 6 to hold joint naval exercises to “maintain the rules-based international order.” Despite forming an alliance over the last world war, the two [...]
US Taxpayers Forced to Pay an Additional $559B in Student Loan Forgiveness
Short of joining Hamas, there is nothing Joe Biden will not do to secure the Gen Z vote. The latest plan will “forgive” $7.4 billion worth of student loans, which [...]
Beam Me Up Scotty is Here!
https://www.armstrongeconomics.com/wp-content/uploads/2023/02/Scotty-Beam-Me-Up-2.mp4 Beam me up, Scotty! At last, the dream of teleportation is becoming a reality. All we need is someone on another planet or starship to save us from [...]
