COMMENT: Thank you for all or your recent posts in this regard. You have often said that we will be going through times that will try a man’s soul, and yes the Socrates platform will allow us to see it in motion, those of us who are prepared will stand a chance to survive and […]
Asia closed mixed in a fairly quiet session but ahead of what could be a wild week. The Nikkei’s decline was very much reflected in the Yen’s strength. Financials again weighed on the index but this is a reflection of both low volume of shares traded and the shape of the yield curve (2’s – […]
COMMENT: Just quizzed the Canadian Bank insurance CDIC. It is obvious they do not have a specific time period in which to pay claims. Kept dancing around the specific question but they said they pay cash accounts ASAP so people can pay bills. Bottom line, contagion will destroy all financial obligations and transactions. REPLY: No […]
COMMENT: I’m sure you are aware but just highlighting that the ‘Assumption’ goes deeper than personal bank accounts, as this is ALSO the assumption taken by the clearers too! They assume that if one CCP fails then the others just pick it up. Obviously, given that then the stress tests are taken just for one bank […]
The entire banking insurance schemes created during the aftermath of the Great Depression, are predicated upon an ASSUMPTION that a bank failure is a single isolated event. The contingency plan for a wide-scale banking collapse will default to a “per person” basis despite what anyone else says. I have been in meetings and that is […]
QUESTION: Mr. Armstrong; Your post of November 16th where you state that the ECB is looking to freeze accounts in a banking crisis, does that mean they will no longer honour the claimed insurance of €100,000 per account? PH ANSWER: No. They will not pretend to eliminate that insurance, they just will “suspend” it […]
It has come to our attention that there are individuals soliciting clients for money to trade on their behalf claiming they have mastered our system and will use it. These people have NEVER managed money and handing them money is no different than asking a cab driver to conduct surgery on you because he sounds like […]
Chancellor Angela Merkel said on Monday her efforts to form a three-way coalition government had failed. Merkel only received 32.5% of the vote, which is probably the lowest vote of any major world leader. The FDP pulled out of negotiations thrusting Germany into a political crisis and ever closer to a possible new election. Meanwhile, […]
So far, there is no confirmation of Marines landing at Langley and storming the CIA to prevent some sort of coup. That conspiracy seems to be way over the top. MEU is the Presidents 911 force. Marines are the “President’s Own.” A MEU would be accurate if used by Trump. However, I have not seen any […]
There are reports now circulating that a special forces group of 2200 marines have landed and invaded the CIA Headquarters. They supposedly have landed in the classic tilt-rotary helicopters. I have been working on this to actually confirm the veracity of this claim but not a single photo has even surfaced. The spin is they […]
