Gold Private Blog Update for close of August
August 31, 2016Private Blog Gold Update for the Close of August 2016
All posts in "Armstrong"
Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk
August 31, 2016QUESTION: 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 […]
It’s Time to Turn Out the Lights in Illinois
August 31, 2016The 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 […]
Heads They Win, Tails You Lose
August 31, 2016QUESTION: 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 […]
EU Govt. Pensions Explode to €63.8 billion
August 31, 2016I 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, […]
Market Talk – August 30, 2016
August 30, 2016The Nikkei was not the main topic of conversation today in Asia as the Shanghai and Hang Seng both outperformed the Tokyo exchange. The HSI closing up 0.85% and was the best performer, until after Asian cash markets closed. Throughout the European and US time zone the JPY has weakened through the 103 handle and […]
Goldman Sachs is at it Again
August 30, 2016More 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 […]
Hoarding Cash – Prelude to the Crash & Burn
August 30, 2016We 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 […]
Artificial Intelligence Computers Replacing Lawyers
August 30, 2016The trend toward replacing opinion-oriented fields like analysis is also taking root in medicine as well as law. The new computer named ‘ROSS’ is an AI computer that acts as a bankruptcy lawyer and is now being employed by some of the world’s largest law firms. Oh, they will still charge you as if a person spent […]
How Socialism Destroyed the Family Structure
August 30, 2016The very core tenet of Marxism and its two versions called socialism and communism is to actually replace the family structure. In Russian communism, Stalin was paranoid about any possible resistance. Children were taught that the state was their parent instead of their biological parents, and if those creatures spoke anything against the state then […]
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