The German central bank, the Bundesbank, has significantly expanded its ability to control and access cash transactions in the hunt for taxes. They have required statements and assurances from cash-demanding commercial banks for the purpose of the intended business requiring cash. The Bundesbank has declined to comment on the new policy. The Federal Association of German Banks […]

QUESTION: Dear Marty: I have been reading you for over a decade. I notice a change in your attitude towards Bitcoin/Crypto. Initially, you were completely against it, now you seem to be neutral. Has something changed? We now have Futures, CBOE is coming out with an ETF, every major bank is thinking of entering the space. […]

What people have to understand is that the Federal Reserve is moving in the opposite direction with respect to its monetary base. The Adjusted Monetary Base is the sum of currency (including coin) in circulation outside Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. These data are […]

People who think that Trump alone embarked on protectionism, really need to look around the World. Australians have been blocked by Amazon from buying anything from their US site because the government has imposed effectively a tariff of 10% on anything an Australian may purchase under $1,000 from the internet overseas. The Australian government is […]

The Democrats are counting on a new generation of Socialists who know even less about how things work than just about anyone else perhaps in history. Alexandria Ocasio-Cortez has had a viral campaign video that has pushed her into stardom. Clearly, she won because of the Trump Revolution which is all about just throw the career […]

The talk behind the curtain remains that the Fed is still under pressure to PLEASE don’t raise rates. The lobbying continues from the IMF, ECB, and Emerging Markets. Meanwhile, the Fed leaves rates unchanged, but it upgraded its view of the US economy to ‘strong’ which remains a signal that the Fed is still prone to raise rates […]

QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I was wondering do you have any forecast for the next […]

It has come out that a DMV employee in California slept on the job for 3 hours per day or more. A state auditor’s report of the DMV show a woman simply slept on the job and her supervisors failed to discipline her ever. This was despite the fact that they noted in her performance evaluations […]

  An Ottawa man, David Saikaley,  acting as executor of a will obtained a bank draft for $500,000 and mailed it to family members in the United States to settle an estate. Bank checks are regarded as “cash” and the money was seized by customs. Almost a year later, the money is still stuck at the border. This is […]

The entire story in the Western Press has painted Trump as being some sort of puppet of Putin. The latest story is how the press is touting that Trump, Jr. said that the Magnitsky Act would be reconsidered if his father won. This story is plastered all over the press as in Newsweek and others […]