Russia’s CPI reached 9.5% this December as government spending has pulled the reigns away from the central bank. Inflation elevated from 8.9% YoY in November to 9.5%, slightly below expectations of 9.7%. Prices are up 1.3% on a monthly basis overall, but Russians are feeling the impact of war. Services from 11.4% to 11.5% on […]
QUESTION: I understand that you dispute that cryptocurrency is a store of wealth because it is outside the central banks. Is this your position? Could you explain? Respectfully submitted Josh ANSWER: Whoever made up this BS is most likely from the Deep State trying to control capital flows and economically imprison everyone. There is ABSOLUTELY […]
Central Bankers are trapped; Keynesian Economics remains the only tool in their quiver, and they are running out of arrows. The Fed Watchers are neck-deep in mainstream media propaganda spun by Marxist academics who lack any experience in even trading their own account, no less observing the real world outside of their ivory towers. […]
Credit card defaults in the US skyrocketed by 50% in the past year. Credit card defaults reached $46 billion in the first nine months of 2024, a level not seen since 2010. The cost of living has simply surpassed manageable levels for the majority of households. Americans are feeling the impact of inflation and compounding […]
Our models do not indicate that food inflation will ease in 2025. In fact, I have repeatedly warned that people may want to stockpile food for the next two years as there will be weather events and supply chain shortages. Our model warns that we may see another severe drought, probably between 2025 to 2027, […]
Inflation data is skewed and does not factor in the reality that the costs of basic necessities like food and housing have not waned significantly since COVID began. Shelter costs, in particular, have become unaffordable for the majority. Redfin recently reported that 74% of Americans earning under $50,000 are seriously struggling to maintain consistent payments […]
Janet Yellen will finally step down from her role as Treasury Secretary in January, leaving a massive mess for her replacement, Scott Bessent. The budget deficit surpassed $36 trillion under the Biden-Harris Administration, with Yellen touting that the US had an endless supply of funds to spend and imaginary success of Bidenomics. As head of […]
Bernie Sanders chastised his own party for abandoning working-class Americans following Kamala’s defeat. Perhaps this is why Sanders is now open to reaching across the aisle and collaborating with the Trump Administration. Such an act would have been unfathomable to the Democratic Party mere weeks ago. The GOP was to be hated and demonized. Nothing […]
QUESTION: Mr. Armstrong, thank you for the WEC. Many people feel this was your best. Your solution to save our country was spectacular, and you deserved the standing ovation. My question is that you said that Trump and RFK would not listen to you despite everything you have done. You did not explain why. May […]
Nine of the 12 Federal Reserve districts reported a decline in economic activity in August, up five districts from the July Beige Book report. Our system has warned that we are entering a period of stagflation, where inflation remains high but GDP declines. Now, the Fed is reporting that two-thirds of the US economy is […]
