QUESTION: Mr. Armstrong; You have said that Brexit is good for Britain and that the financial center could never move to Paris or Frankfurt and survive. Can you elaborate on that topic for us Brits? GS ANSWER: It is amazing that the politicians are so clueless and the heads of the banks are far too […]
COMMENT: Message: I am a great fan of your blog and read all with interest. I was surprised to read £10 notes have been canceled, as I still regularly get £10 and £20 notes and send them even though electronic money transfer is increasingly the norm MR REPLY: Britain introduced the new “tenners” last September. […]
The upper house in Britain has overruled the people trying to keep the UK in the EU which would destroy the British economy. The upper House of Parliament backed calls to remain in the EU customs union after Brexit. The House of Lords voted 348 to 225 to amend the government’s EU Withdrawal Bill in a real […]
Russia has called upon the Hague’s executive council of the Organisation for the Prohibition of Chemical Weapons (OPCW), to challenge the allegations of Britain that it was responsible for the poisoning of the double-agent. British scientists at the Porton Down have admitted now that the nerve agent used to poison cannot be traced to Russia. Nevertheless, they […]
The British Government forecasters have issued the first red snow warning in five years as the UK braces for potentially the worst blizzard in more than 50 years. Britain has seen as much snow as the Bizzard of 1962 and of course, they are blaming Global Warming. If it gets hot it is caused by man. […]
From January 31st, 2018, the UK authorities have a new power. They can now use new and expansive investigative authority to require both individuals and corporate bodies to provide information as to how they acquired property. Known as Unexplained Wealth Orders (“UWOs”), which is another step toward tyranny all because governments are totally incapable of managing their […]
I have been warning that we are in the midst of (1) collapse in democracy as the bureaucracy attempts to ensure they get their’s, (2) the collapse of socialism, which is the implosion of social programs, and (3) the collapse of pensions set in motion by the artificially low-interest rates for the past 10 […]
It is no secret that I have no respect for George Soros and that is aside from the fact that we would often be on opposite sides of the market. I never saw Soros as a great trader. Even the reputation that he broke the Bank of England was nonsense. The “Club” was all on […]
QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money? KL ANSWER: Oh yes. Britain canceled the one pound coins last October. They estimated that £400-450 million pounds became worthless overnight. Europeans routinely cancel their currency. This […]
The British government is also going completely nuts with criminal charges for nonsense. British prosecutors charged a woman for calling a man a “pussy”. Then there is the case of a businessman who was charged with a hate crime for saying to a transgender man presenting himself as a woman – “all right geezer.” He alleged […]
