The Yemen Civil War is an ongoing conflict that began in 2015 between two factions. Each is claiming to constitute the Yemen government. This is really a proxy war between Saudi Arabia and Iran. The Houthi forces control the capital Sana’a who are allied with forces loyal to the former president Ali Abdullah Saleh backed […]
China keeps moving gradually to open up their economy to international forces. The People’s Republic of China has expanded the trade in gold in yuan and thus the internationalization of the national currency is moving closer. Gold merchants from the industrial metropolis of Shenzhen have been trading their yuan gold at the Hong Kong Stock Exchange […]
QUESTION: Mr. Armstrong, I greatly appreciate everything you do. I was moved when you ended your WEC in Orlando explaining that you see this as we are all in this together. You really make an effort to pass along sound advice without strings attached to solicit money. A very admirable effort I wish others would […]
Remember the S&L Crisis, well welcome to the Pension Crisis. It is becoming well known behind the curtain that we have a global pension crisis. I first reported this event more than 15 years ago. This at the WEC, we had more than 10 major pension funds attending from around the world. The crisis has […]
Remember the S&L Crisis, well welcome to the Pension Crisis. It is becoming well known behind the curtain that we have a global pension crisis. I first reported this event more than 15 years ago. This at the WEC, we had more than 10 major pension funds attending from around the world. The crisis has been […]
There is intense resistance building against the stricter new rules on bad loans among the European banks. This will hit Italy hard and may push off the edge more than one Italian bank. With the elections coming next year in Italy, the banking rules may be the straw that breaks the back. The background to […]
The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using derivatives two years before prosecutors were alerted to the complex transactions, according to documents revealed in a Milan court. Mario Draghi, now president of […]
To assist the European Parliament, the French National Assembly has lifted the immunity of the head of the National Front, Marine Le Pen. The Paris parliamentary administration claims it is simply responding to a request of the judiciary, which under French law, prosecutes crimes. The trumped-up charges against Le Pen stem for publishing on Twitter the […]
The turmoil in the Middle East has been instigated in part by fiscal mismanagement. When the money was rolling in with high oil prices, it was assumed, as always, that whatever trend is in motion will remain in motion. Consequently, the government expanded their spending assuming money would continue to flow in. When oil broke, […]
Asian cash responded to the US news of possible Tax Plan delays and we saw profit-taking and nerves for the first time in a while. Interesting that this has occurred on our November temporary pause expected. The Nikkei has returned -0.8% which has added to yesterdays decline but is falling from the 26 year high. […]
