QUESTION: Did insurance companies just declare bankruptcy during the 1930s to escape liabilities? PD ANSWER: Personally, I have NEVER had an insurance policy that EVER paid what they promised. To me, it is one giant scam. You lie to an insurance company and it is a crime. They lie to you, and they walk on water. They […]
Turkish President Recep Tayyip Erdogan and his Justice and Development Party (AKP) have demanded recounts in 39 districts that they lost and have prevailed on eight. There has been great concern that Erdogan’s AKP will not accept defeat at the hand of any vote. Many fear there is an undercurrent of tyranny rising behind the […]
The German economy is what holds up Europe. The data on the industrial sector in Germany is out and it has disappointed everyone once again with production dropping 0.8% month-on-month in January 2019. January’s contraction was driven by a steep drop in capital goods output and a fall in intermediate goods production. However, consumer goods […]
It actually snowed in London this past April. Heavy snow caused sheer chaos across much of the UK. The snow and hail even hit London where it rarely ever snows. I remember there was a dusting of snow one day back in 1985, and the city came to a halt. There was no snow removal equipment and people […]
QUESTION: Hello Mr. Armstrong, I´d like your opinion on this, During 7 Decades in which our lives got better, longer, richer, safer, healthier, better educated, more peaceful and more stimulating. Even World poverty has decreased in a rate never seen before, still, news coverage got increasingly negative What explanation could there be for this? Is […]
Perhaps there is some new plague that only affects politicians on a global scale. It seems no matter what country we look at, it is simply going completely insane politically. Americans rarely understand Parliamentary politics in London for it is not unusual for Trump to meet with the Democrats, Chuck and Nancy, in the White […]
In Canada, the left is urging lawsuits against oil companies to force them to pay for all the damage to the climate. Honestly, the oil companies should announce that they will layoff all Canadians and shut down all operations in Canada. Perhaps then these extremists will get what it means to go without oil: no more […]
One of the most ruthless and unconstitutional powers federal judges have is to throw people into contempt until they break. The press NEVER reports the truth about the US legal system; they ALWAYS defend the government no matter what. They love to throw you into solitary confinement where the vast majority of prisoners commit […]
QUESTION: As of today, Basel III comes in effect. Rumour goes that in a couple of months, there will be a lot of turmoil on the market and it would be the start of the implementation of an SDR like thing where people would lose 20-30% of their value and get stuck with this new […]
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