Iraq has been accused of employing strong-arm tactics to make American military contractors operating in Iraq to pay exorbitant income taxes. They are running to Trump complaining that this is hampering the fight against Islamic State extremists – of course. The Iraq government is demanding millions of dollars in taxes that these contractors earn providing […]
This year will be much colder for Europe than the last three. It will also be cold in the USA. We are in a global cooling period and all the data we have in our computer system warns that the earth is turning cold not warm. This will manifest in a commodity boom in agriculture […]
QUESTION: Mr. Armstrong; Thank you for an excellent conference. I have been attending since 2011. Each time you deliver a different conference and they are always better than the last. I could not help to notice on Zero Hedge they ran a piece about a Harvard University’s visiting scholar at the Bank of England who claims: “We […]
Trump’s tax reform to cut the corporate income tax rate from 35% to 20% will be a huge boost for the economy and place tremendous pressure on the rest of the world. But already we have Republicans playing games for personal careers. They want to postpone the cut for corporations until 2019 AFTER, of course, […]
The contagion from Catalonia is indeed spreading to Italy. The Democratic Party (PD) led by former Italian Prime Minister Matteo Renzi has suffered a severe defeat in Sicily. The Eurosceptic parties have won the election sending yet another warning sign to Brussels that they refuse to accept demand reform. The Democratic Party has lost the regional elections in […]
Finally we saw a little profit-taking in the Nikkei today, after having touched 26 year highs in earlier trade. The sell-off was not so much but felt more after spending the majority of the day in positive territory. The Yen moved stronger but that was later in the trading day after news of possible delays to 2019 […]
We have a lot of turmoil going on in Saudi Arabia. There has been the arrest of various princes and people who have been allegedly squandering money. We have the prospect of selling off the oil giant ARAMCO. We have had the ostracization of Qatar on allegations that they are supporting Iran.Now we have the line […]
COMMENT: Mr. Armstrong; This was my first WEC. Your presentation on the Quantity Theory of Money and how that is at the core of all our problems was a real revelation. You blew every economic theory out of the water and my years at uni studying economics has been a great disservice my entire life. […]
Although Asia closed with pretty much a mixed session, it really does not explain the mood or sentiment. Yes, the Nikkei closed lower on the day (-0.1%) but after opening lower and a brief dip thereafter, for the balance of the day the market was bid and closed just below unchanged. Major stocks driving the […]
