The ECB does not reveal in detail its QE and most people have no idea that its asset-backed securities (ABS) and covered-bond purchases are actually carried out by private asset managers: ING Investment Management, Deutsche Asset & Wealth Management International, State Street Global Advisors, and Amundi. These asset managers intervene into markets on orders by the […]

Reuters has reported that Yellen told a House of Representatives committee when testifying before Congress: “Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.” Yellen may have been placating Congress, for negative rates would wipe out the […]

Britain is going completely insane. They are passing a law that requires companies to provide unencrypted communications to the government. This may be a major reason why Britain looks quite bearish long-term. It means that Apple would not be able to sell its new phones in Britain. It may be wise for the companies to […]

COMMENT: Mr. Armstrong, I want to commend you for standing up against the covert agenda of global warming. It is dumbfounding how decades of research into geology can just be ignored. You are correct that everything changes. The magnetic polls move continually so places that were tropic became covered in ice and places that are ice […]

You may not realize it, but it was the discovery of a frozen rhinoceros in Siberia that introduced cycle theory and altered everything in science igniting the Age of Enlightenment. Cycle theory is responsible for just about everything in physics and illustrates why the global warming/climate change crowd is simply pursuing an agenda for government to raise […]

While so many people claimed that Quantitative Easing (QE) would produce inflation since it was the creation of money, the truth is very far from this simplistic idea. The theory used by the central banks is seriously flawed and a throwback to ancient times before 1971. There used to be a difference between debt and […]

  QUESTION: Mr Armstrong, I am an avid fan of your site and thoroughly enjoy your posts. As much as I am against tax, would you not agree it’s rather sick that a company the size of Facebook paid out less tax than I did last year? http://www.bbc.co.uk/news/business-34504474 I know you advocate a tax on sales, […]

The state of Illinois is in real trouble. The state employees have been bleeding the state dry and are demanding that they raise taxes so they can get theirs. This is the poster state for government employees expropriating private assets. Illinois must pay $560 million in November and they have said they will have to […]

The debate for socialism is simply that they regard it as unfair when anyone has more than another does. The solution is always to rob someone else to improve your own life. If you take this philosophy as your own, then you rob others because they have more, which is no different than robbing someone […]

The two major acts that the Clintons did perpetrate, which have set in motion our greatest crisis were (1) they repealed Glass-Steagall allowing banks to go nuts and return to proprietary trading of the 1920s at the direction of Robert Rubin of Goldman Sachs, and (2) they gave the banks absolute dominion over students by […]