Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees. What is happening in Illinois is indicative of how governments are imploding and why I […]
The president of Venezuela’s opposition-run Congress led by Julio Borges came out and accused Goldman Sachs of “aiding and abetting the country’s dictatorial regime” after a report that Goldman had bought $2.8 billion in bonds from the cash-strapped country at 31 cents on the dollar. They paid $865 million. There have been two months of opposition […]
The Debt Ceiling issue is back and of course people will sell the dollar as if the USA would actually default. The bulk of the debt is owned by the government so any default would send the economy down and pension funds from Social Security to government pensions. Nobody pays off their debts. All countries […]
One of the greatest monetary experiments in financial history has been the global central bank buying of government debt. This has been touted as a form of “money printing” that was supposed to produce hyperinflation, which never materialized as predicted by the perpetual pessimists. Nevertheless, the total amount of Quantitative Easing (QE) adding up the […]
I have been warning that we are headed directly into the collapse of socialism; not capitalism, simply because politicians have been bribing people’s votes with all sorts of promises they never planned on providing. Social Security may have began as a good idea, but then the money was really just a tax and the fund […]
QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into 2008.” […]
QUESTION: Hello Martin, In your ‘Why the Crash & Burn is Public not Private’ post of 18 March, you have an image showing World Capital Investment. Is that the sequence money usually follows at this time? And, what exactly is the ‘alignment’ you mention towards the end of the post as well as elsewhere? Best Regards […]
QUESTION: Mr. Armstrong, you’ve mentioned the term “Crash and Burn” many times over the last few months. My question is, what will the “Crash and Burn” look like? Will it be worldwide or specific to a few countries like the US? Will it be in the form of a financial crash, food shortages, violence in the […]
While today is know as Pi Day, tomorrow is the fateful Ides of March and indeed to Trump we must say – Beware! It clearly appears that the Treasury has been deliberately trying to get rid of its cash reserves which stood at $435 billion before the election. They obviously expected President Hillary Clinton would be […]
QUESTION: Hello Armstrong, Thank for you the great post “The Future – Putting it All Together”. It helps a lot to get a good overview, considering everything is connected. One question, you say “Real estate is nice for some part of a cash holding, but it is taxed to hold it and it is not liquid.” […]
