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 […]
QUESTION: Martin Thanks again for all you do. The subtext of most of what you talk about is overwhelmingly negative. Inflation, deflation, earthquakes, disease, government default, over taxation….. etc. Am I correct in thinking that despite your advice you anticipate most of your readers, even the most wealthy, will be left with little to hand over […]
QUESTION: I am just a little guy who invests in mutual funds and a few stocks. Ever since I started reading your blog, I have felt a sense of comfort in knowing that eventually, everything will work out because all this has happened before. It is also nice not to feel like I am swinging […]
