Economics is well known for rather unrealistic theories based upon fundamentally unsound principles, such as the assumption that all things remain equal. Reality parts with academics whenever such assumptions are drawn to a foregone conclusion. However, greater false assumptions, which go unnoticed, lie at the foundation of so many theories in economics – primarily […]
The 2017 Year End Report is going to really be important as we enter the beginning phase of the Monetary Crisis Cycle in 2018 combined with the Pension Crisis, which is the next domino to start the process of the Sovereign Debt Defaults to come. Keep in mind that a system collapses from from the […]
QUESTION: Mr. Armstrong, I agree with your blog post about sharing the Declaration of Independence, and how a people have the right to declare independence. Hypothetically, what would your thoughts be if a State decided to leave our Federal Republic… would you believe that a State has the right to declare independence? Thank you for […]
QUESTION: I read a credible theory recently about China taking over US as the top superpower via economic pressures. Namely by replacing the US dollar with the Yuan as the standard currency for international trade. This shift is (supposedly) being enacted through 1) increased control over Developing countries through international lending from the New Development […]
COMMENT: Re: Germany To Tax VAT Just Billing People Before they Pay Please note in Italy we had the same = pay VAT to the government before collecting it from client for decades, until a couple of years ago (approx), when Italian government changed the rules (first you collect VAT from clients, then you send VAT […]
With Japan being one of the few markets that were open in Asia, most of the conversation was centred around Spain, TANKAN, DXY, UK’s Conservative Party conference and then the tragic events of Las Vegas. The Nikkei traded well, closing near the mornings highs with momentum provided by the strong confidence survey (TANKAN). With this […]
COMMENT: Mr. Armstrong; the Spanish and Italian bonds are getting hit. You were spot on again. RW REPLY: Yes the peripheral spreads on the Spanish government bonds (at 10yrs) are 8bp wider than Friday close. Italy is also widening – out by 6bp but still early in the trading day just yet. The Spanish IBEX is […]
QUESTION: Hi, I tend to agree with your view about the decline in socialism. However, I fear it will be replaced with the other extreme. Doesn’t the pendulum usually swing from one extreme to another? Regards, Jack ANSWER: Absolutely. This is the ONLY reason I am doing what I do. The risk is that we turn […]
QUESTION: Mr. Armstrong; Do you believe in portfolio diversification? ANSWER: No not really. I see no point in putting money in something you know will be a loss. Diversification within a sector is one thing. But buying government bonds when rates are at a 5,000 year low and governments are in trouble around the […]
QUESTION: Marty, do you think any crypto currency will survive? ANSWER: No. We are looking at central banks and even the Chinese government is moving to create a Cryptocurrencies. There is no question that we will be looking at this as the next evolutionary step forward in the monetary system. However, what I have been […]
