QUESTION: On Aug. 2 in your blog that you stonily recommend that everyone keep 30 days worth of cash was that just for the Eu? Thank You S ANSWER: No. Even FDR closed the banks. While bailouts have ceased, the government will simply now expropriate depositors money to save the banks. Keep in mind that […]
Markets in Asia were looking like they have been on borrowed time a few days this week and so a small retracement ahead of todays US numbers is no real surprise. Most indices were lower but saw a deserved bounce in the KOPSI after yesterdays drumming and also a small gain for the Hang Seng […]
COMMENT: #1: Marty, Thank you for your recent post on the private blog on July 12th. Socrates had identified the week of July 24th as a key week for a potential high with the two key target areas of resistance at 80.50 and 81.75. The actual high was 80.62 on July 26th. I am sure that there […]
When you impose drastic and excessively high taxes to get the “rich” and their yachts, they just sail away. Saint-Tropez, which was known as the “Billionaire’s Harbor” is just about empty. The yachts sailed off to Italy and Spain abandoning the French Riviera. The local government is pleading with Macron to intervene. They say revenue is […]
Many cities around the world are now introducing facial recognition into their cameras which monitor the streets. In other words, the government will know who and where you are. New York City is introducing this technology. This is by no means about terrorism. It is being employed to find anyone accused of any crime and […]
QUESTION: Hi Marty A quick question for you – given the moves afoot inside the EU are blocking bank accounts even of those with less than €100,000 , which banking jurisdictions would you put on the shortlist for those ordinary people resident in Europe who want a bank in a decent jurisdiction and where the regulatory […]
Asia loved the idea that the DOW had closed above the 22k level but many were questioning why is it only the DOW that is soaring? Other core indices (S+O, NASDAQ and even the Russell) had all closed unchanged but for the Russell which fell 1% yesterday. Markets feel like they are treading water, was the […]
The Fate of Britain is an extensive report on BREXIT and the problems that are faced. The pro-EU faction has the upper-hand and they really could care less about what the people voted for. The view of government concerning the people has always been that they are stupid and ignorant of what is best for […]
We have a very serious problem with Congress. Their actions in far too many ways is displaying (1) a total disregard for international law, and (2) a clear arrogance that they will punish foreigners for not obeying US law outside the territorial jurisdiction of the United States. What if Germany passed a law to punish […]
The German Diesel Summit was moved because of protests in the Federal Ministry of the Interior from the Ministry of Transport for security reasons. Greenpeace’s environmental activists were present with a huge banner that read: “Welcome to Fort NOx” they put on the roof of the building. The Summit was moved effective to a backroom setup […]
