QUESTION: Hi Martin You said, that the creation of the Euro was the second worst act. “That undermined the entire European banking system and has led to a serious undermining of the entire global economy.” How has this undermined the entire European banking system. Could you explain this? Thanks so much! Regards WI ANSWER: The problem […]

COMMENT:  Hello Mr Armstrong, just want to share with you an interview today with Mr Draghi in the Dutch newspaper ‘De Telegraaf’ (June 21st 2014). I had google translated the text but made some modifications here and there. Hope you can still understand it. Draghi wants more power to Brussels, that’s quite clear from the […]

QUESTION: Mr. Armstrong; You were a key player in Britain and the euro. That is well-known in private circles here in the UK. You were friends with Thatcher’s personal economic advisor Sir Alan Walters. I believe John Major’s government called you in September 1992 when Major was forced to float the pound as Thatcher had […]

 (The Euro in Crisis) When the Euro was on the drawing boards, the committee to create the Euro came to our seminar in London and took the whole back row. I was there at the beginning and have first hand knowledge about how it was being designed. I warned them at that time the euro […]

World Politics The move behind the curtain is to accelerate the movement to join the Euro for the Eastern European nations such as Poland and Ukraine. This is seen as stepping toward  Europe and away from Russia to provide geopolitical security. Poland will have to change its constitution to adopt the euro but there is […]

There are talks going on in Europe on how to deal with the massive banking failure in Europe. Of course, nobody want to admit that the cause of this failure was not risky banking – but BRAIN-DEAD political design of the Euro. Because there was no consolidation of the national debts, there was no single […]

The Euro officially began trading January 1st, 1999. That was an eventful year for its also marked the low in Gold. Now at the pre-Christmas Euro summit, the mood was rather grim and even Merkel is wondering if the Euro will survive. The Euro should seriously crack 17.2 years from its birth and that would […]

Nothing has changed with the Euro v the dollar. We are waiting for the turn in 2014 and that remains in place. In order to set the stage for the worst of the worst, we need to move to extremes in both directions. Economically, Europe is a disaster. You typically have the currency rise in […]

  The Euro has simply remained within the reversals holding the 12950 level on the downside and 14700 on the upside. A closing for year-end above 13588 will signal that we still should see the deflationary rally continue into early 2014.  The ideal turning point remains 2014 with Panic Cycles coming in 2016.   Here […]

The Noble Economist who once support the Euro has reversed himself and come out stating what I have been pointing out.  Christopher Pissarides has come out and stated that the Euro has created a “lost generation” as reported in the Telegraph. The problem we have is the self-interest. The whole creation of the Euro has […]