I have warned that about 50% of the German municipalities are on the verge of bankruptcy. The pensions have been unfunded and are absorbing everything. As we saw in...
Australia has been a resource-rich country that was used to running a surplus in the years headed into the 2007 financial crisis. The deficit now has a lot of...
QUESTION: Mr. Armstrong, What is a virtuous cycle? Thank You SK ANSWER: A virtuous cycle in the economy means that higher wages stimulate consumption, leading to...
Of course the Pro-Moscow rebels declared a complete victory in a referendum on self-rule for eastern Ukraine. They now want to join Moscow and the entire propaganda...
The head of Thailand’s pro-government red-shirt movement said any attempt by the Supreme Court and the Senate to set up an interim government as called for by...
Moldova is primarily made up of ethnic Russians. According to Russia, they have petitioned Russia to join. This has both Romania and Bulgaria concerned not to...
COMMENT: Dear Mr. Armstrong, All I could think of was you after listening to Robert Gates’ response to the question about a serious threat to US national...
Anyone who thinks that Ukraine was just a CIA plot is honestly in serious denial and are blind to the real trend afoot. All governments are declining into...
David Cameron has come out and argued that Taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will “have to put up taxes”...
