The Scandinavian countries Sweden, Denmark and Norway are regarded as a pioneer in the the effort to eliminate money and move totally electronic. Denmark closed its final Mint outsourced the operation to Finland. This means that there is no coinage in the three states struck anymore. In this war on cash, about 20% of all transactions were […]
Ben Swann is not a national TV journalist, but he is making a name for himself on his Atlanta, Georgia, station by going against the mainstream media. Here is Swann’s piece on the five problems with the Democrats’ claims that Russia hacked the DNC files and gave them to Wikileaks. Wikileaks outright denied this claim […]
Clinton’s fallout is interestingly causing an internal revolution among Hillary’s big donors. At her New York bash to “thank” her big donors of $1 million or more, she took no blame and pointed the finger at Comey and Putin. Her spin did not work and she has lost a lot of credibility according to confidential […]
The BOJ held rates unchanged in an extremely quiet market until the final hour rally. Eventually, the Nikkei closed up +0.55% even as the currency meandered around the 117 handle for the majority of the day. In late US trading we ventured back above 118 as futures added an additional +0.5%. Shanghai and the Hang […]
French judges found Ms Lagarde guilty of negligence for failing to challenge the state arbitration payout to the friend of former French President Nicolas Sarkozy. But of course, following a week-long trial in Paris, Largarde was not given any sentence and will not be punished. The benefits of being of the elite class.
QUESTION #1: Dear Mr Armstrong, you recently wrote that if you are in any bond fund, better get out. Do you also mean corporate short-term/medium-term bonds or are those expected to rise when people realise government debt is the real bubble ? Kind regards. WL. QUESTION #2: Mr. Armstrong- I enjoyed my first WEC immensely! In […]
COMMENT: Mr. Armstrong; I am fairly new to your blog. I was told by two friends that you said not just that Trump would win and Brexit, but that the stock market would breakout to new highs and gold would decline for more than the last two years. I followed most of the big names […]
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Donald Trump has officially obtained the required 270 electoral votes to become president. Not all state have yet announced, but Texas put Trump over the 270 required. The Hollywood crowd who tried to intimidate electors as well as the nation even offering to pay the fines of electors risking Civil War to get their way, […]
Today, we saw the first decline for the Nikkei in eleven trading session despite better than expected Trade data (Estimated Y227.4 but actual release Y152.5bn). The Japan Index closed down just 9pts at 19,391 but breaks the winning streak with the currency trading back below the 117 level. BOJ starts its two day meeting today […]
