Barcelona plans to release its own currency in the coming spring. The money will initially exist only in digital form and will support the regional economy, according to the incumbent mayor. The value of the currency will be pegged to the euro and will begin to reflect the desired independence aspirations of Catalonia, which our […]

Here is the design for this year’s conference cup for those who have a collection. Everyone always seems to be surprised that I drink coffee all day — four Starbucks venti cups is a normal day, and sometimes I go up to six. Everyone has been shocked at how much coffee I drink. But that […]

The Guardian has obtained documents showing that the Internal Revenue Service (IRS) is now listening to people’s phone calls. This has to do with money – not terrorism. The IRS now has sophisticated cell phone dragnet equipment, known as Stingray, where without search warrants they are able to target people to get them hiding money.  

A bipartisan group of House members is teaming up with banks in an 11th-hour effort to kill a provision that would raise $17 billion to help pay for a six-year highway bill by lowering the Federal Reserve dividend rate paid to banks on certain deposits. Dropping the Senate approved offset would intensify pressure on lawmakers to […]

Nikkei closed down almost 1% whilst the rest of Asian equities mopped around unchanged. Not too much to write about but people are talking about the possible BOJ action at the end of the week and still about the PBoC decision last week. A couple of dealers mentioned the JPY weakness and the markets negative […]

QUESTION: Mr. Armstrong; If I understand you correctly, should the IMF accept the yuan as a reserve currency, this will have zero impact other than political. Correct? RH ANSWER: Correct. The IMF will decide in November whether to expand the current composition (U.S. dollar, euro, yen, and British pound) of Special Drawing Rights (SDR) with another currency. […]

We will be sending the “Transactional Banking Special Report” to all attendees of the World Economic Conference. This report goes into all the banking legislation that the Clintons secretly repealed. The very first year, Clinton repealed the prohibition against interstate banking. Clinton proceeded to eliminate every bank restriction right up to the 1999 repeal of […]

Jimmy Morales, a former TV comedian who has never held office, swept to power in Guatemala’s presidential election on Sunday as voters rebelled against corruption in politics. This is exactly what our computer has been projecting on a global scale. We are watching the uprising against government everywhere. In the United States, Ben Carson has now taken […]

One of the closest flybys of an object will take place appropriately on Halloween. We don’t have to hide under the bed or run out and stockpile water and food, nor will the asteroid hit the Earth and rid us of politicians. So the end is not here. In ancient times, comets were omens of […]

As expected Asia opened with a strong bid following the PBoC announcement, with the Nikkei over 19k. This did not last however as all indices turned lower towards the end of the trading day. The Nikkei closed on the days lows but still positive +121pts (+0.65%), Shanghai dipped briefly into negative territory just ahead of the […]