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Sovereign Debt Crisis

IMF Proposed to Create Disaster Fund for Eurozone not USA

QUESTION: Mr. Armstrong; Do you advise the IMF or are they just taking your warnings and mimicking them? They are now telling everyone in Europe, not the United...

Draghi Admits He Cannot Stop Buying Gov’t Debt

Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face...

Britain’s New Law UNEXPLAINED WEALTH ORDERS Targeting the Rich

From January 31st, 2018, the UK authorities have a new power. They can now use new and expansive investigative authority to require both individuals and corporate...

India Enters the Sovereign Debt Crisis

I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The...

World Dollar Debt up 5.2% – World Euro Debt Up 10.5%

The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA...

China Credit Rating Agency Downgrade USA

The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government...

COUNTERPARTY RISK

COUNTERPARTY RISK QUESTION:  In regard to counterparty risk when purchasing exchange traded funds or notes: With European banks being under capitalised due to...

World Debt Burden has Exceeded $230 Trillion

QUESTION: Mr. Armstrong; I find it interesting how you have pointed out that when it comes to public debt, the USA is actually far better than Europe or many in...

The Municipal Debt Crisis Begins

I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The...

Trump & Taxes

QUESTION: Do you support Trump increasing the debt by a trillion dollars? I thought you were conservative? PY ANSWER: Well the first thing you have to do is get a...