Lawyers have brought a lawsuit against towns in Georgia for using tickets as the major revenue source to fund their pensions and budgets. The City of Doraville, Georgia is facing a federal lawsuit that alleges the city is illegally making millions of dollars preying on residents and visitors in a deliberate scheme to write tickets and […]
QUESTION: Mr. Armstrong; Did you run a model on Florida hurricanes before you moved there? KE ANSWER: Of course. First of all, I chose Tampa area because it is the least impacted area. The local joke here is that the people say the Indian gods protect the area. This is where the Seminole Indians set […]
Deutsche Bank has now been classified as a problem bank by FDIC and has been included in a list of banks to be watched. This is the biggest bank in Europe. It cannot be merged within Germany with Commerce Bank for there is just not enough equity to overcome the derivative losses. The only other […]
Asia followed the US bounce opening strong across the region. Dealers were relieved to have seen the US markets rebound after Tuesdays price uncertainty. The Yen returned some of the safe-haven demand and was trading closer to the 109 handle again. The Nikkei regained 0.85% of its losses with financials and exporters leading the […]
QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t expand anymore. […]
I do not know how else to say this. Cryptocurrencies are an ASSET CLASS and they are something to TRADE. All this stupid nonsense that they will revise the world monetary system with no pain and governments will be brought to the knees without firing a shot, I really do not know who makes […]
Business Insider has published a map of the top 10 most expensive places to live and work and guess what – Seattle is in the list even before they impose this new outrageous tax of $275 per employee for companies that do more than $20 million in business annually. They claim it is for the homeless people which […]
Erdogan has asked all the Turkish people to convert their dollars to Turkish Lira. This is a desperate act. The rumors behind the curtain are running wild. Many are concerned that Erdogan’s policies have just destroyed the confidence in his government both internally and externally. Turkey is now on watch for a possible monetary collapse. The key […]
Asia responded to the uncertain US session by trading lower fro the open. It was only the Shanghai index that closed on its days low (-2.5%), with other core markets showing little trading range and closing almost unchanged from opening levels. US/China Trade negotiations continue to sway with headlines. Hang Seng held-in a little better […]
