QUESTION: Mr. Armstrong, your forecast for Iran back in 2012 has been correct. It picked 2016 which in January the International economic sanctions on Iran were lifted after UN said it was satisfied with progress on fulfilling the nuclear agreement. President Rouhani then embarked on the first European state visit of an Iranian president for […]

ASIA: India’s policy makers are preparing a plan to carefully analyze a tough trade-off. They are considering a continued lockdown post-April 14, 2020, at the cost of longer-term economic devastation, or a rational “unlocking,” allowing India to return to work. Based on pre-COVID-19 projections of India’s GDP, the average daily GDP value for FY2021 was […]

ASIA India’s markets witnessed the biggest sell-off by foreign investors in a single month in March. The 21-day nationwide lockdown to curb the spread of the coronavirus raised fears of a devastating impact on an already-slowing economy. Foreign institutional investors sold nearly $16 billion worth of equity and debt as of Monday, according to depository […]

ASIA: In India, coronavirus cases continue to rise despite a complete lockdown and crossed 1,100-mark yesterday. India reported the biggest single-day spike in new COVID-19 cases at 200 today. As of Tuesday, the number of infected cases in India has increased to 1,300, with 102 recovered cases. The death toll from coronavirus in India has […]

https://www.youtube.com/watch?v=UxaAgqBtn7A   We are seeing a number of people coming out in Germany. This is an open letter to Merkel about the exaggeration of using this virus to destroy the economy. Dr. Bodo Schiffmann also Talks About Facts! (these are in German, but they are calling into question what is going on with using this virus […]

ASIA: Prime Minister Narendra Modi sought forgiveness from the nation’s poor for his 21-day nationwide lockdown. During his address on national radio on Sunday, PM Modi said there was no other option to control this pandemic. The nation-wide lockdown has resulted in the mass exodus of hundreds of thousands of migrant laborers working in the […]

Europe is the epic center of our economic doom. Their socialistic polices have been following Marx since Word War II. They have used the Quantity Theory of Money and took interest rates negative in 2014 and have been unable to stimulate their economies because they tax the “rich” which has done nothing but impoverish the […]

Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed, (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not […]

It is with deep regret that the German Treasury Secretary of the federal state of Hesse, Thomas Schäfer, killed himself on March 28th, 2020. He oversaw Hesse‘s biggest city, Frankfurt, where we would hold our conferences and it remains the European capital for international banks. I know he was deeply concerned that this Coronavirus-Crisis was […]

ASIA:  The Reserve Bank of India’s Monetary Policy Committee met today and announced a series of measures to counter the economic slowdown caused by the novel coronavirus pandemic. The repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. All commercial banks and lending institutions can allow a three-month […]