QUESTION: I had a discussion with a former goldbug who is now a crypto-bug. He can’t see that governments will not stand idle waiting to be simply put out of business with cryptocurrencies. No matter what you say, I think it has become a religion. There is not one major company who has adopted blockchain […]
QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad? MT ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and […]
QUESTION: You do not think that control will stop these school shootings? JF ANSWER: No way. If you do look on Wikipedia, you will see that we are approaching 500 incidents where a gun has been discharged in a school. This has been going on since the 18th century, Imposing metal examines and a note […]
After watching the US market decline over fears of US/China trade talks erupting yet again, many were concerned that Asian markets would suffer a similar fate. However, that was not to be the case as most core markets actually performed reasonably well. We did see a small wobble initially for the Hang Seng and Shanghai […]
QUESTION: Mr. Armstrong; You said that the emerging markets are a huge problem that will lead to a Sovereign Debt Default. Can you elaborate on that statement? Thank you for your insight VU ANSWER: The emerging markets are in far worse shape today than they were even back in 2008. They have issued heaps of dollar-denominated debt to […]
COMMENT: You were here in Brussels a few weeks ago. Suddenly, the ECB is talking about the need to merge the debts to prevent a crisis. So your lobbying here seems to work. RGV, Brussels REPLY: I do not lobby. It is rather common knowledge I have made those proposals since the EU commission attended […]
(Download USGS Report on Hawaii) COMMENT: Mr. Armstrong; I think you have proven time and again that there is a cyclical nature to everything. You said in the report you did on volcanos last year that 2018 would be the beginning of serious eruptions. Well, I live here on the main island in Hawaii. This is […]
The Nikkei strength was the exception in Asia today, as all other core markets closed lower on the day. The Japanese index benefitted from the weakness of the Yen, which at one stage looked as though it may challenge the 111 handle. Even this evening in US trading it remains vulnerable as the safety bid […]
The EU migration chief, Dimitris Avramopoulos, has demonstrated that politicians are just so out of touch with reality they are securing their own demise. Avramopoulos has made a speech that Europe is set to absorb massive waves of migration “for the decades to come” and that the EU will “never become a fortress” building walls to keep people […]
It is amazing to me how, outside of physics, the world remains ignorant to the cycles that control absolutely everything right down to the cycle of life. Ebola, like everything else, conforms to cycles. Now another outbreak has just blinked in the Congo where there have been two confirmed cases after a resurgence nearly 10 months from the […]
