The Bundesbank (German Central Bank) has come out to oppose eliminating cash. During the pre-euro years, the Bundesbank was providing us with inside info on the euro preparations because they were outright against it. Those who always hate central banks do not realize that they are not always what it seems. The Bundesbank is now […]
General view of the buildings of the Court of Justice of the European Communities The European Court of Justice (ECJ) has stated that banking secrecy established in Austria cannot be relied upon by German bank branches in Austria to defeat tax authorities. Branches of German credit institutions in Austria must, therefore, provide information on accounts […]
Perhaps it is just cyclical, but the Cleveland Republican Convention will be the first time that Cleveland has held a political convention since the fateful 1936 election, just prior to the 1937 peak in the recovery from the Great Depression. This has the potential to be very bad for the city insofar as it will expose […]
Obama came to office yelling about “fat cat bankers” and “corporate jet owners.” He then rescinded all the Dodd-Frank restraints against the bankers, and Goldman Sachs was the largest donor behind the University of California. Whatever these politicians say they stand for during an election, you can bet is pure bullshit. Whatever they say they […]
QUESTION: Dear Marty, Whether in a Phase-transition or a Slingshot Move in the Dow, you made it very clear that such moves will be driven by capital inflows to the USA due to the alternative flight to quality to the private sector, both internationally and domestically. It is now just so obvious, it is unfolding […]
It really should be no surprise to people that we saw some retracement after a 3.3% rally in a day. That is exactly what we saw today in the Nikkei after yesterdays euphoria. Most dealers were hoping China’s GDP release was going to provide the end of week support for the markets but that failed […]
QUESTION: Mr. Armstrong; A lot of people claim to have contacts in high places, but they seem to delude themselves and others. I have been in Washington and saw you at lunch meetings with chiefs or staff of several politicians in ————- one of the most exclusive spots only for members of Congress. I have been […]
Next week, China will begin its competition with London & New York and attempt to create the equivalent of the London gold fix but in Chinese yuan on April 19th. Of course the gold bugs are misrepresenting this as some dollar killer. Top Chinese banks, alongside Standard Chartered and ANZ, will be among 18 members […]
One of the reforms we have presented in our Solution is why income taxes have become obsolete and should be eliminated. The only people who pay income taxes are citizens and green card holders. Illegal aliens need not apply. Elizabeth Warren has introduced an idea that would allow U.S. taxpayers to have the government do their taxes […]
QUESTION: Hey Martin. I’ve been a reader of your for years now. Thank you for everything you are doing. I live in Europe in Finland and I can feel this continent collapsing. Do I understand you correctly. You suggest that we Europeans open a bank account somewhere else, hold our savings in dollars and when gold bottoms we buy […]
