QUESTION: Mr. Armstrong; Why the h–l does not the world listen to you. I am in Erie, Pa. We have more than 60 inches of snow without drifts. The drift on my front door is more than 8 feet. I bought extra canned food for this winter based on your forecast. I told my wife better […]
Venezuela has the largest proven oil reserve in the world. However, they are out of gasoline. The government has attributed this to poor management which has led to the stoppage of 80% of the country’s refineries. So much for socialism. The assumption that government is competent of managing anything is proven by this very example. My old friend, […]
QUESTION: Mr. Armstrong; You are clearly a Roman scholar. Is it true that the Romans used crucifixion only for political crimes and that the two who were crucified with Jesus were not thieves but rebels? There has been some debate on this subject. I would like to hear your views. Thank you WR ANSWER: Jesus’ crime was really […]
The War Cycle is in full swing upward since 2014. We have witnessed the invasion of Ukraine, the invasion of Syria, Rocketman in North Korea, and numerous civil uprisings. However, the war also comes with sharply declining economies as political leaders need to point the finger outside their domestic rule to distract their people. The Turkish […]
As can be expected during holiday shortened session, volumes were extremely low and movement similar. The same could not be said for the Euro on Christmas Day though, a large order sent the currency down 3% at one point, only for it to bounce make minutes later. That is often the problem during holiday sessions; […]
COMMENT: As we can see the major Turning point for the USD was q 3- 17. So far dead on perfect fit quarterly down to weekly …unfortunately we are out one day on the daily array Might need an internal investigation of what went wrong REPLY: Well the excuse for being off one day is […]
The first thing to go when a country is moving into economic crisis is the arts. This is intermixed with various social programs. As the economic crisis broadens, demand for taxing the rich rise. However, all this accomplishes is to cause capital to hide and hoard even more refusing to invest or spend and this […]
COMMENT: Mr. Armstrong; I want to express my gratitude for what you do for so many people around the world. Your appearance here in Greece was impressive. But your forecast in the 2016 year-end report stating that Greece was the market to watch I cannot express my amazement enough. That single trade allowed us to […]
COMMENT: Mr. Armstrong, In stark contrast to the USA which is heading for LOWER taxes which you say will invigorate the economy,the SNP Government in Scotland has announced HIGHER income taxes “to protect public services from the cuts being imposed by the Tories.” Clearly the SNP Government is unconcerned that its tax policies make Scotland […]
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways? IX ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from […]
