It feels as though this is the week that the markets have been building for all year! Having heard late yesterday that the EU 27 had accepted the BREXIT terms it is now up to Parliament to vote on the deal. This vote is expected, though not scheduled, for December 12th so we can expect […]
The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would control, we will come one step closer to losing all […]
QUESTION: I could not attend the WEC. Cannot wait for the video and materials. I understand you said the US share market was poised to retest the underlying support into 2019. Can you elaborate? Thank you so much PY ANSWER: The target and timing will be on the Private Blog. But generally yes. We will […]
Those interested in some ancient coins for the holidays, here are some of the hoards we have. These have been used as part of our study for the reconstruction of the World Economy. We have a unique selection of ancient Greek and Roman coins available for the Holidays. Download the catalog for there are coins from […]
The Trump Revolution is unfolding everywhere. It is NOT a philosophy left or right – it is just drain-the-swamp and throw out whoever is in power. The Labor government in the Australian state of Victoria won an unexpectedly large majority in an election. We will also see this manifest into the national elections warning that Australia’s […]
The protests in France over rising fuel costs and a general discontent with President Emmanuel Macron’s economic policies as the Euro declines resulted in them setting things on fire and police firing tear gas into the crowds. The police were also firing tear water cannons clashed with protesters in addition to tear gas. The protesters […]
QUESTION: You mentioned that Goldman Sachs can take down the entire banking sector. Do you see this correlating in the future? JF ANSWER: Here is Goldman Sachs and JP Morgan. The first thing you will notice is that JP Morgan has been in a REAL bull market. Goldman has not. I am a firm believer […]
QUESTION: Mr. Armstrong; You mentioned that we should expect a further decline in the economy. Do you have a target for that decline? Thank you KT ANSWER: The world economy has been in a prolonged economic decline as taxes have risen and regulation has expanded. As government hunts money everywhere, they are bringing the world […]
Often, when a major economy is out markets are quiet and that is exactly what we have seen the past two days. Thanks Giving in the US and national holidays in Japan has kept global markets quiet, closing almost unchanged from midweek close. Additionally, with such uncertainty surround Trade talks and BREXIT negotiations it endorsed […]
A Greek cleaning lady was sentenced to 10 years in prison for lying about her elementary school record in a court ruling. Her sentence has outraged the people and rightly so. The 53-year-old woman had worked at a publicly-funded nursery for 15 years until a review in 2014 revealed she had doctored a certificate documenting her […]
