The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There […]
The Chinese yuan has out-traded the US dollar by volume for one of the first times in recent Russian history. The dollar was king in 1991 when the Soviet Union collapsed, but that is no longer the case after Moscow branded the dollar a “toxic currency” along with the euro. Toxic currencies accounted for 87% […]
QUESTION: Dear Mr Armstrong, When will the Euro begin the final drop against the USD? My second question is property in Italy seems to be rising. Is this what you referred to a currency inflation? CDP ANSWER: The decline in the euro since 2008 has been steady, but gradual to some extent. The EU government […]
COMMENT: You and Maggie could have solved BREXIT in a week! HS REPLY: She would have done precisely that. Of course, they staged a coup against her to take the UK into the euro. She was not against the EU as long as it remained a trade union. We had discussions on that subject. Maggie […]
QUESTION: Hi Marty, I’m based here in South of England, within the commuter belt into London. The ECM forecasts an economic downturn 18.01.2020, and Europe looks to be at the epicentre. My own research tells me the job cuts in the auto sector in Germany are quite severe. How does all this play out after […]
Margaret Thatcher on the ERM Crisis & why even the euro will fail.
COMMENT: Dear Marty, In your recent blog about BREXIT and the Yellow Hammer leak, you say: “British pound is still under pressure as the propaganda machine is in full force”. Surely anyone can see is that the £ falls whenever no-deal propaganda is in the ascendancy, and £ rises when Remain or Brexit with a […]
QUESTION: What makes currencies rise & fall in value? CC ANSWER: Many people want to reduce this to a logical explanation. It reminds me of when I testified before Congress at the House Ways & Means Committee. They had to put me on a panel with academics. I told them to make me last. The […]
QUESTION: Dear Armstrong, According to Dow, a bull market has 3 phases, the final being the distribution by the smart money to the public. You stated that retail is still not participating. Could this be why the market appears to be unable to stop going up? Because the smart money continually fail to entice the […]
QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development. Thank you PK ANSWER: Central banks are in a very […]
