Subtly, the EU is looking to establish preparations for the coming banking crisis and how to protect the banks from massive withdrawals. The solution? The EU wants to be able to temporarily free up credits for the banks and at the same time to freeze bank deposits, In other words, like Greece, you just won’t be able […]
Asian markets opened lower with markets continuing the slide as the day progressed. The Nikkei took the trophy for being the weakest component with a daily loss of 1.6%. With declining energy and commodity prices coupled with poor economic data was enough to take the market lower and the immediate effect was a strengthening […]
One of the most interesting events is how the Democrats and Muller have gone after Trump, Jr. for meeting with a Russian lawyer last year. The Russian lawyer who met with Donald Trump Jr. at Trump Tower said the president’s oldest son told her the U.S. government would review a 2012 law punishing Russian human […]
QUESTION: Mr. Armstrong; I am confused. On the one hand, you said the Saudis could be sued for 911 and that they have been funding ISIS with the USA. Then Iran is supposed to be a terrorist state. Who is who? Thanks KW ANSWER: It is confusing. Bin Laden was Suni, not a Shia, and […]
What goes around, comes around. The Washington Post has reported that the Department of Justice has instructed the US Attorney’s Office to investigate the controversial sale of a uranium group to Russia during the presidency of Barack Obama and the role of the Clinton Foundation. The Obama administration approved the deal in 2010 giving Moscow control […]
All core markets finished lower in Asia today, with the possible exception of the Nikkei that closed almost unchanged. The Hang Seng closed small down but was Shanghai that lost -0.5% which after the data was actually not that bad! Today we saw Industrial Production, Retail Sales and Investment Spending and it was the talk […]
While the Forecaster has been banned in the USA because it reveals that the USA was interfering with the Russian Elections, it has been a worldwide hit outside the land of the free and home of the brave where censorship is not supposed to take place. It was to appear on Netflix, until the word […]
The Yemen Civil War is an ongoing conflict that began in 2015 between two factions. Each is claiming to constitute the Yemen government. This is really a proxy war between Saudi Arabia and Iran. The Houthi forces control the capital Sana’a who are allied with forces loyal to the former president Ali Abdullah Saleh backed […]
QUESTION: Mr. Armstrong, I greatly appreciate everything you do. I was moved when you ended your WEC in Orlando explaining that you see this as we are all in this together. You really make an effort to pass along sound advice without strings attached to solicit money. A very admirable effort I wish others would […]
Remember the S&L Crisis, well welcome to the Pension Crisis. It is becoming well known behind the curtain that we have a global pension crisis. I first reported this event more than 15 years ago. This at the WEC, we had more than 10 major pension funds attending from around the world. The crisis has […]
