ASIA: China took more action to boost its economy by reducing the amount of cash banks have in reserve. The PBC said it would reduce the reserve requirement ratio for most financial institutions by 50 basis points. The first in the over eight months. The step is expected to release nearly a trillion yuan into […]
Back during the Great Depression, there were people who theorized that gold hoarding was preventing an economic recovery. There is always this same theory that people who save, hoarding their money, cause a lack of a recovery by suppressing demand. This theory has been around for a very long time. It assumes a recovery is […]
COMMENT: Sir, I appreciate that I may not always agree with what you write but I listen and examine and respect your viewpoint. You, in turn, have answered my many questions and discussed my comments with respect in return. This makes me worry that the ability to discuss problems in a straightforward and thoughtful way […]
ASIA: There was a somewhat successful call yesterday between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The call concluded that the US and China will resume trade talks in person at the beginning of October. In the run-up to the event, the two countries will hold a discussion in order to […]
ASIA: China today has officially filed a complaint with the World Trade Organization (WTO) as the US raised tariffs from 10 to 15 percent over the weekend on 300 billion USD worth of Chinese goods. China has asked for the WTO to act as a mediator to convince the US to reduce or end the […]
ASIA: Over the weekend the U.S. imposed a 15% tariff on a range of Chinese goods. Today, China returned the favor by imposing new charges on US. products. US President Trump tweeted today regarding the progress of the US-Chinese trade talks: “We are doing very well in our negotiations with China. While I am sure […]
QUESTION: Hello Marty, I have a question about Gold & Silver in other currencies – namely GBP. Accepting your rational, with evidence I must say, that precious metals are a reflection of the confidence people have in their countries currency, you can see from the price of gold & silver in GBP and EURO that […]
QUESTION: Mr. Armstrong, I am trying to find any valid information, without success, to whether there is any truth to a coming Global Currency Reset, a gold treaty purportedly signed by 200+ nations in 2013 written by a Michael C. Cottrell who upon notification by the Chinese elders, aka Golden Dragon, would then release “the […]
ASIA: China today told Philippines President Duterte that the disputed area of the South China Sea was not up for negotiations as President Xi and Duterte met in Beijing. However, China was willing to work together to effectively manage the issue. With Duterte in his final term as presidency, critics back in his native country […]
QUESTION: Marty, living in Europe where the talk about the elimination of cash is loud I am asking myself what is planned for foreign currencies, e.g. USD, one holds in cash at home? They can´t forbid it because foreign exchange is needed for traveling. Even when they forbid it, there must be the possibility to […]
