COMMENT: Mr. Armstrong, it seems that whatever you say our government follows. You said China should buy directly from the Treasury and not the New York bank and they did that right away. Now they are considering stopping dollar borrowing here in China as well. You should be holding a WEC here in Shanghai next. […]
QUESTION: Hi Marty, you said that the Dollar will make a major high going into 2020/21 and that will bring on the break in the monetary system. will the Dollar make new all-time high in nominal (165) terms or will it take an inflation-adjusted high to break the system? thanks for the education. JP ANSWER: Here […]
Bloomberg has reported that dollar bulls are nearly extinct down to just 2.3 %. The majority, which is always wrong, are all focused on the nonsense of the budget and the current account deficits. The record high for the dollar was 1985 when even the British pound fell to $1.03. So the Balance of Payments […]
QUESTION: Mr. Armstrong, I found in my grandmother’s belongings a penny from 1855 and one from 1857 which was much smaller and silver in appearance. Was there also a monetary reform that changed the coinage during the 1850s? PK ANSWER: Oh yes. But it is far more interesting than meets the eye. Foreign coins were […]
QUESTION: Mr. Armstrong; The goldbugs are saying that China, Russia, India are “rogue” rising economic powers that are rogue nations. They cite David Stockman who preaches the U.S. economy is in deep trouble thanks to its “massive indebtedness” and they seem to ignore what you have pointed out that the USA is in the best shape. They also cite […]
The Japanese government once again reduced its holdings of US government bonds during December 2017. In total, Japan sold bonds worth $ 22.5 billion. This is not a huge amount. Nevertheless, this puts the total stock of US debt at about $ 1.06 trillion, which is the lowest level since 2012. Japan used to be the […]
QUESTION: Mr. Armstrong; You have repeatedly said that the USA wants a lower dollar while Europe thinks a strong currency is better. You said the dollar would decline first into 2018. That seems to be spot on. After Treasury Secretary Steven Mnuchin statement that a weaker dollar is best for USA, the dollar sold off. Why […]
The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are trying to say see, they are dumping US bonds, China reduced its holdings by 1% or $ 12.6 billion to $ 1,176.6 trillion and Japan reduced its positions by $10 billion to […]
The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar still finished neutral so it too is not yet ready for its move higher. Gold closed in a positive position for the end of 2017 […]
