Asia suffered from the Friday hangover with most core indices falling over -1.5%. All eyes and ears continued to focus on Turkey again today and especially seeing the Lira opened with a 7 handle. It has been scrambling to recover opening losses and did manage a 6.45 print early European trading, but has been struggling […]
Senate Democrats are circulating a proposal based upon their claim of Russian hacking that will completely takeover the internet and social media which has been leaked. They are adopting the EU approach to silence political criticism. They claim it is necessary, just as the EU argued, that they must act to prevent Russian hackers and “restore” […]
Trump really needs to clean house when it comes to the judicial system. It is just totally out of control and they have long held themselves above the law. The majority of judges outright deny human rights in America, civil rights, and ignore the Constitution when it suits them. Trump needs to do what they […]
Once again, tens of thousands of Romanians have taken to the streets demanding the end of corruption in government. At least 450 people were injured in clashes with the police who are still defending the government against the people. We are looking at a worldwide epidemic of corruption in government that has known no bounds. This is […]
Erdogan is shifting to Russia already. He will abandon the West all to retain power. Turkey was the critical lynch-pin for emerging markets. Many foolish banks ran to buy Turkey’s debt because they could earn 20% interest. The currency has fallen 25% in two days. We are looking at European banks taking major losses on […]
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Turkey has little hope of coming out of this in one piece. The pretend President-Dictator, Tayyip Erdogan, has come out and denied on Saturday that Turkey is in a currency crisis. Exactly how he can even say that is shocking. Nevertheless, he called a 25% drop in the currency a plunge that is just ‘fluctuations’ that […]
QUESTION: Dear Marty: I have been reading you for over a decade. I notice a change in your attitude towards Bitcoin/Crypto. Initially, you were completely against it, now you seem to be neutral. Has something changed? We now have Futures, CBOE is coming out with an ETF, every major bank is thinking of entering the space. […]
A Revolution is brewing not just in Turkey, but also in Iran. More than 100,000 people have taken to the streets chanting death to the dictator. The currency has simply collapsed as it moves into hyperinflation. Once again, as we see this take place, CONFIDENCE in the government is collapsing. This is the key to […]
What people have to understand is that the Federal Reserve is moving in the opposite direction with respect to its monetary base. The Adjusted Monetary Base is the sum of currency (including coin) in circulation outside Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. These data are […]
