QUESTION: Didn’t Hillary get her brother a mining contract after giving relief to Haiti? FG ANSWER: Yes. This is what I mean. In the real world we live in, you go to prison for a long time if you do a deal in the private sector where a family member receives some benefit. Hillary’s brother, […]
ASIA: President Donald Trump said today that the Chinese delegation would be visiting the US next week for more trade talks. He also expressed that they are doing well. “I have a lot of options on China. But if they don’t do what we want, we have tremendous power,” he told media. Hong Kong’s authority […]
ASIA: Fresh protests have broken out in Hong Kong as anger mounts over police shooting a teenage protester and later defending it as “lawful and reasonable.” Meanwhile, China has criticized the US, UK, and the EU for siding with the “mob” and underplaying the violence of the protestors against the police. The Philippine foreign secretary […]
ASIA: China today held a military event showing off their military might. This event marked the 70th year anniversary of Communist rule in China. They showed off their new intercontinental ballistic missile, which has a reach of 12 to 15 km. The worrying thing for most of the world is the speed at which it could […]
QUESTION: Mr. Armstrong; My friend who retired from the Bank of Japan told me you had recreated the monetary system of Japan and that was how you could predict the yen would go below par back in 1995 and again in 2011. Could you please publish the chart on the yen showing the full monetary […]
ASIA: Chinese economic data from last Friday showed that industrial company profits dropped 2% in August from a year ago. It reversed a 2.6% gain in the previous month, indicating growing pressure on the corporate sector as the economy slows further. President Xi of China paid his respects to the founder of the Communist […]
Climate has ALWAYS changed from decade to decade. There were major swings (volatility) during the 1930s. You had the dust bowl during the summer and in 1936 you had record cold. The 1936 North American cold wave, which also hit Japan and China, still rank among the most intense cold waves in the recorded history […]
QUESTION: Mr. Armstrong, I have a question: First you remarked that capital is terrified if Labour takes Parliament. I believe Labour won Parliament the first time in the twenties. Did that set off the sterling crisis of the thirties? It seems as though nobody really wanted to record the history of the Sovereign Debt Crisis […]
ASIA: The People’s Bank of China auctioned 10 billion yuan dated six months out in order to secure the yuan exchange rate in Hong Kong today. Also today, the Chinese Ministry of Finance reopened a 4.5 billion yuan sovereign bond issue in Hong Kong. Meanwhile, the Chinese commerce said today that they have started discussing […]
ASIA: Regarding the US-China trade deal, Foreign Minister Wang Yi met with US Secretary of State Mike Pompeo today. Mr. Wang Yi expressed that China had no intentions of removing the US from the world leader status. However, he stressed that the US must “remove all unreasonable restrictions” with regards to the trade deal. He […]
