This is the most interesting presidential election in American history. It obviously reflects precisely what our computer projected for 2016 back in 1985 based solely off of economic trends. However, the polls view Hillary as the most dishonest candidate in history and Trump as a hothead. What they do not understand is that Hillary is […]
QUESTION: I read your latest article how the American Press is engaging in propaganda. I also recalled your July 29 article on Congress authorizing the use of propaganda against the American people. Are there any signs that we can identify propaganda when that is the agenda? Is there some clue? You are the only person […]
The Nikkei saw another impressive day today with the index closing up +0.97% but at the same time the Yen continues to lose ground. In late US trading we have broken again the 103.50 level with the lose this week close to 3%, there are many rumors around BOJ intervention in the FX but all […]
Private Blog Update for August closing of the Dow
QUESTION: Mr. Armstrong, What comes first? The banking Crisis or the Sovereign Debt Crisis? Thank you for bringing our attention to these events OD ANSWER: The central banks are trapped. They can no longer even hope to sell the bonds they have bought in a vain attempt to stimulate the economy. So government can, in theory, keep their rates […]
The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are destroying the very state. This is exactly how Rome fell — government employees against the people. Seven states have constitutional provisions that state employee […]
QUESTION: Sir, You mentioned in your blog post that money market funds now have to be in government bonds as per SEC ruling. You have said we are going through a sovereign debt crisis which means government bonds are at risk. If I’m trading and my money is now parked as “cash” before I make another […]
I have said that the European crisis is all about keeping jobs in Brussels, and now the truth is beginning to surface. The long-term cost of pensions for EU officials has increased very sharply according to one new report. These people are lining their pockets like never before. From late 2014 to the end of 2015, […]
More than 75,000 people have signed their names to a petition protesting against the appointment of former European Union leader José Manuel Barroso to the investment bank Goldman Sachs. The outrage demonstrates what I have warned about — the peak in public confidence in government and banks is now in place. Goldman Sachs has gone […]
We are monitoring confidence in the banking system as reflected by cash withdrawals. The sale of home safes has exploded in many countries. I previously reported that one in ten currency notes in Switzerland being printed is now the 1000 franc note. In fact, there is some 41.6 billion in Swiss francs now in circulation in 1000 […]
