QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, it’s about 15 days past that marker and Repo rates have gone completely nuts hitting 10% forcing the Fed to intervene. They were calling it Armstrong’s revenge here […]

COMMENT:  You were right Martin! Demonetization was one of the worst decisions by the Modi government, the country is now suffering from that…. economy has gone down, but the new govt will not admit it. They believe the Millenials are to blame! JPM (India) REPLY: After nearly 40 years of dealing with governments throughout the […]

The hunt for money is moving into high gear in Germany. Prior to 2017, it was possible to buy gold anonymously in quantities up to €15,000. In 2017, this limit was reduced to €10,000. Now, Merkel has drastically reduced this limit to just €2,000 beginning in 2020. Any transaction greater than that amount requires the […]

QUESTION: What did you think of the Democratic debate. It looks like they are just preoccupied with hating Trump they have lost touch with reality. You previously said that the Democrats could collapse as a party after 2020. Does that seem likely? PH ANSWER: I know the press is spinning this that Trump will surely […]

QUESTION: Dear Mr. Armstrong, Thank you for your blog. It has taken the veil off my eyes. As I understand, not only is the hypothesis that mankind can alter the Earth’s climate nonsense, it is also detrimental to the world’s economy. It misplaces important resources, and anti-CO2 regulations hinder growth and the betterment of mankind. […]

QUESTION: If there are no sunspots, then why do we have the heatwave this summer. What were the sunspots in the heatwave of 1937? Seems like there is no correlation between sunspots and temperature? CM ANSWER: Everything is far more complex than a single relationship. The lack of sunspots relates to the historical evidence that […]

QUESTION: Is there a pattern? C ANSWER: For whatever reason, these people have been promoting that the cities will all sink and we are the cause of it all. They have been touting this scenario since the 1930s when there was the Dust Bowl. It resurfaced after World War II when they were trying to […]

QUESTION: Mr. Armstrong; I did my own research on the 1998 Russian collapse. All the big names lost billions. Even the New York Times reported that George Soros lost $2 billion. You were the only one who made money so it made sense that you were named hedge fund manager of the year in 1998. […]

ASIA: There was a somewhat successful call yesterday between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The call concluded that the US and China will resume trade talks in person at the beginning of October. In the run-up to the event, the two countries will hold a discussion in order to […]

We think of false information as a domestic problem that Trump is in the battle with CNN and the term “fake news” is just political talk. It’s far more dangerous than that. The history books confirm that the Spanish American War was created by the press falsely reporting an attack that never took place. The […]