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World Events

Will the Fed Keep Excess Reserves?

QUESTION: Hi Martin, I recently asked an Economist for a major Financial Institute the following question. Will the Fed continue to pay interest on “excess...

Italy’s Experience With Pre-Pay VAT Was Devastating

COMMENT: Re:  Germany To Tax VAT Just Billing People Before they Pay Please note in Italy we had the same = pay VAT to the government before collecting it from...

Taxing Income Before You Earn It

COMMENT: Hello Martin; I trust you and the state of Florida are healthy, hurricane or not. As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me...

The Pension Crisis Coming to a Boil

The BBC has come out and reported that three million savers in Britain in what is known as final-salary pension schemes only have a 50/50 chance of receiving the...

Spain To Send in Troops To Stop Voting for Independence

Spain has continued to show the world that fascism is alive and well. Madrid is sending in the troops to shut down the planned Independence Day vote in Catalonia....

Norway – The Largest Sovereign Wealth Fund in the World

QUESTION: Martin, There are several news stories this past week reporting that Norway’s pension fund has reached $1 trillion dollars, or $190,000 per citizen....

ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering perspective. It certainly disproves the...

UK Pension Fund Insolvency Soars by 30% in a Single Year

The London Sunday Times business section headline demonstrates what is really facing us and governments implode. Public sector pensions liability surged 30% in a...

Government Confusion = Incompetence (Politics v Bankers)

QUESTION: Dear Martin Armstrong About The post, “Is There a Way Out of This Financial Mess? “ In the second last paragraph you write, “Taxes have...

Germany To Tax VAT Just Billing People Before they Pay

The German government is desperate for money and what they are doing now is just unbelievable. Germany is looking to order companies to prepay VAT tax before they...