ASIA: China announced that the US has agreed to incrementally lift tariffs once a trade deal is reached. “If China, US reach a phase-one deal, both sides should roll back existing additional tariffs in the same proportion simultaneously based on the content of the agreement,” stated ministry spokesman Gao Feng. Feng pointed to positive progressive […]

The object of impeachment against Trump is to ensure that nothing gets done between now and 2021. How do you measure the true cost of impeaching the president? It is certainly not the dollars and cents involved in holding hearings, printing transcripts, or paying Congressional staffer salaries. The true cost is the politicians who were […]

Christine Lagarde said back in August that the European Central Bank still had room to cut rates if needed. However, she added that this could pose a challenge to financial stability in Europe. More and more banks are passing on the negative interest rates to depositors and this is undermining the elderly and pensions. From […]

QUESTION: Dear Mr. Armstrong. Does Socrates have an explanation of what is happening to the Norwegian Kroner? All the financial newspapers and banks here in Norway are scratching their heads and don’t have an explanation of why it’s devaluating against the Euro and Dollar. The central bank of Norway has an interest rate of 1.50%, […]

  QUESTION: Dear Mr. Armstrong, Can you please explain how the Contado con Liquidacion exchange rate works in Argentina? It’s now at around 80 pesos per dollar, while the official rate is 58.37. Is it possible for the average person living in Argentina to get the Contado exchange rate? Also, do you have any advice […]

QUESTION: A rumor at the cocktail party was that you were selling a 50% stake for $1 billion to Elon Musk. He is big on artificial intelligence so it makes sense. You even both fought the SEC. After all, you did say you wanted to go public ASAP. So is there any truth to that […]

ASIA: The Asia Pacific trade pact is in jeopardy of stalling after India voiced last minute hesitations. The Regional Comprehensive Economic Partnership (RCEP) would free trade between 16 countries whose collective GDP composes 1/3 of the global economy. Leaders from all 16 nations are set to meet in Bangkok on Monday. However, India voiced reluctancy […]

At the World Economic Conference, I announced that I had petitioned the Supreme Court after discovering in 2017 that despite the fact that the old company Princeton Economics International Ltd (PEI) had been closed back in 2009, the receivership was covertly continuing to take fees without my knowledge. How can a judge approve fees for […]

ASIA: The US is not the only one suffering the ill effects of the trade war, as China announced its sixth consecutive month of manufacturing declines. The purchasing managers’ index (PMI) fell to 49.3 in October from 49.8 the month prior. A reading below 50 signals a contraction. Non-manufacturing fell as well to 52.8 in […]

QUESTION: Why was Britain the financial capital of the world before the first world war? Are you saying it was not their gold reserves? Thank you for the clarification PCV ANSWER: It was never the British gold reserves. It was the unique talent of the British who were traders in the city by nature. Perhaps […]