QUESTION: Mr. Armstrong; it is becoming obvious that China follows your advice to the last letter. That makes sense when you were the western adviser they flew in to Beijing during the 1997 crisis. You told them to bypass the primary dealers and demand to buy US debt directly and they did within 30 days. […]
It was only last week that the People’s Bank of China (PBOC) was rumoured to be competing in the currency market, which was coincidentally followed by a Moody’s downgrade. The action demonstrated signs that positions have been cut at a loss for anyone who attempted to short the Yuan. The O/N (overnight) and T/N (Tom-next) rates ballooned today which makes […]
QUESTION: Dear Marty, could the current ongoing deleveraging in China cause Gold and Silver to fall beneath 1000$ (Silver under ?) or is this currently no big deal what`s going on in China? Keep up the good work! Best regards, B ANSWER: There are so many fundamentals out there is hard to predict which one causes […]
I found what I want for Christmas – Google’s prototype for a flying car. It would be really nice if we could ban all people from government who have zero experience in the real world who love to be career politicians to tell the rest of us what to do. Then we need to take […]
QUESTION: Mr. Armstrong; You said China will become the financial capital of the world after 2032. That means the US must decline. At the same time, you have been consistent in forecasting a bull market in the U.S. share market when everyone else keeps calling for a crash. Are the two connected in some […]
COMMENT: Marty; Some people are trying to claim that China in bypassing the Swift System, they are undermining the dollar. The latest absurd statement is that Japan will bypass the dollar and SWIFT System to transact using China’s CIPS system in inter-bank settlement. I really had to laugh at how ignorant this statement is for it […]
China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see […]
The Chinese government has been strengthening requirements for citizens by converting their yuan. With Trump coming into office, China fears that lower values for the yuan will turn into a trade war even if the government is not actively trying to depreciate the yuan for trade. Conversions of yuan are already subject to a quota or […]
President of China Xi Jinping made a statement last year that has sparked a number of comments over the past few months. Xi Jinping said: “The world is on the verge of radical change. We see that the European Union is gradually falling apart, how the US economy is crashing, and that all this will […]
China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 […]
