During the last Mortgaged Backed Security scandal which undermined the entire world economy, they created mortgage modifications which enabled millions of delinquent homeowners to avoid having their home foreclosed. Since 2007, it has been estimated that some 8.7 million permanent mortgage modifications were created. There are still over $800 billion of these bubble-era loans outstanding. […]

QUESTION: Might you clarify this response you gave on one of your very recent blogs. You said bail-in may NOT be permitted on US soil. Did you mean that despite the laws written in the USA to allow it, you don’t think it is likely to happen to USA citizens banking in the USA? OR […]

QUESTION: Would you please explain exactly what government debt is and who receives the interest payment that governments make on borrowings? I thought that Governments borrowed from their respective central banks and paid the central bank interest on the debt. I never understood why a government would have to pay any interest. My brother tells […]

ASIA: There is some concern over the latest figures of Chinese unemployment, which shows that 10.97 million new jobs were created. This is very close to the full-year government target of 11 million. US President Trump often bashes China and suggests that the trade war is costing them dearly, with more than “3 million jobs” […]

COMMENT: You and Maggie could have solved BREXIT in a week! HS REPLY: She would have done precisely that. Of course, they staged a coup against her to take the UK into the euro. She was not against the EU as long as it remained a trade union. We had discussions on that subject. Maggie […]

QUESTION: Dear Sir, In connection with official and real interest rates: For us, the ordinary people, how can we benefit or lose from this situation? As it seems on first site that it simply deals with big boys (gvmnts, banks, etc) Thank you SM ANSWER: Our client base is probably the most diverse in the […]

ASIA: The US and China seem to have different understandings regarding phase 1 of the trade deal. US President Trump was proud to suggest that China will be purchasing 50 billion USD worth of agricultural products. However, the Chinese Commerce Ministry did not mention a figure, but stated they will purchase according to the Chinese […]

QUESTION: Dear Marty, Thank you for the excellent source of information. Just to let you know I am a big fan of cycles. Previously you predict China will rise and become the financial capital of the world in the 2030s. However, most communist parties do not survive in the past 75 years. Does the Chinese […]

QUESTION:  Professor Valentina Zharkova gave a presentation of her Climate and the Solar Magnetic Field hypothesis at the Global Warming Policy Foundation in October 2018. The information she unveiled should shake/wake you up. Zharkova was one of only two scientists to correctly predict solar cycle 24 would be weaker than cycle 23 — in fact, […]

The latest ruckus behind the curtain is that the whispers are turning into screams. The big donors to the Democratic Party have almost unanimously put the Democratic Party on notice that they will sit this one out or even donate to Trump if the party nominates either Elizabeth Warren or Bernie Sanders. Based on very […]