QUESTION: Mr. Armstrong, I have a question: First you remarked that capital is terrified if Labour takes Parliament. I believe Labour won Parliament the first time in the twenties. Did that set off the sterling crisis of the thirties? It seems as though nobody really wanted to record the history of the Sovereign Debt Crisis […]
ASIA: The People’s Bank of China auctioned 10 billion yuan dated six months out in order to secure the yuan exchange rate in Hong Kong today. Also today, the Chinese Ministry of Finance reopened a 4.5 billion yuan sovereign bond issue in Hong Kong. Meanwhile, the Chinese commerce said today that they have started discussing […]
ASIA: Regarding the US-China trade deal, Foreign Minister Wang Yi met with US Secretary of State Mike Pompeo today. Mr. Wang Yi expressed that China had no intentions of removing the US from the world leader status. However, he stressed that the US must “remove all unreasonable restrictions” with regards to the trade deal. He […]
QUESTION: Hi Marty! Thanks for all your great work, I’ve been following you for many years and you are a true inspiration. I have some questions about the precious metals market. There has been some talk about a “monetary reset” in the future, how do you see it play out and what role do you […]
ASIA: The Chinese government has waived some companies and the state to buy US soybeans tariff-free. According to Bloomberg, as much as 3 million tons were allowed to be purchased without the tariffs. Meanwhile, US Treasury Secretary Steven Mnuchin said that the trade talks will proceed after the Chinese delegation cancelation of a US farm […]
ASIA: The Chinese government has announced that they will be sending employees to around 100 different companies in the tech hub of Hangzhou, according to state local media. The government is trying to help bolster the economy as part of their “New Manufacturing Plan.” Of those companies Alibaba has accepted the government’s proposal to […]
ASIA: US President Trump granted China more than 400 tariff exemptions to products such as coffee filters, plastic straws, dog leashes, patio torches, Christmas lights, and skateboards. A former ambassador to China states that this relationship with China is worse than during the Soviet-era, and deemed it the new “Cold War” as the conflict enters […]
Interest rates are already going nuts. There is dissent in the European Central Bank; Draghi is being replaced. The Canadian elections are a few weeks away. Metals are raising the hopes of many, while the currencies are trapped in a maze of uncertainty. The Bank of England is saying Brexit should not be delayed. US-China […]
QUESTION: Hi AE, et al. Your blogs not only inform, but are actually entertaining as they give most of us a point of view we’ve never before contemplated. My question….you have stated numerous times that one of the reasons the Roman government survived for 100’s of years is because they simply created currency, as needed, […]
ASIA: US President Trump has warned China that they will face a tough trade war. “It’ll be the toughest deal anybody’s ever had to make from the standpoint of China,” Trump said. His warning comes around if China waits to make a deal until after the US general election in November 2020. Today is the […]
