The first thing to go when a country is moving into economic crisis is the arts. This is intermixed with various social programs. As the economic crisis broadens, demand for taxing the rich rise. However, all this accomplishes is to cause capital to hide and hoard even more refusing to invest or spend and this […]
COMMENT: Mr. Armstrong; I want to express my gratitude for what you do for so many people around the world. Your appearance here in Greece was impressive. But your forecast in the 2016 year-end report stating that Greece was the market to watch I cannot express my amazement enough. That single trade allowed us to […]
COMMENT: Mr. Armstrong, In stark contrast to the USA which is heading for LOWER taxes which you say will invigorate the economy,the SNP Government in Scotland has announced HIGHER income taxes “to protect public services from the cuts being imposed by the Tories.” Clearly the SNP Government is unconcerned that its tax policies make Scotland […]
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways? IX ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from […]
COMMENT: I think the danger for Canada is not Quebec leaving because they get 11 billion dollars a year given to them by the federal government, it is the provinces paying the bills that are more likely to leave, western Canada in general but especially Alberta which has been getting hosed. As you noted before resentment […]
The men who shook hands in this true story on the battlefield in 1914, were court marshaled.
Merry Christmas to all from myself and all the people here at Armstrong Economics and around the world.
COMMENT: Mr. Armstrong; I watched the Forecaster on TV here in Scandinavia. It seems that anyone who is an opponent is criminally charged no matter what the field. FA ANSWER: You are absolutely correct. This tactic has been used actually throughout recorded history. Just read the struggles between the oligarchy and the democracy movement in […]
While many people make it sound like the end of the world is approaching with the Federal Communications Commission (FCC) vote to repeal the Obama-era power grab to regulate the internet, the reality is not much is likely to change. The FCC repealed the Obama act in a 3-2 vote, but what is not being explained […]
