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China Devalued the Yuan to it in Line with Technicals

Confusion hits the markets as stocks, currencies, and commodities fall sharply across the region as investors fear a stalling Chinese economy and possible currency war despite Beijing’s assurances. We warned that this devaluation was NOT A FLUKE, and far too many people just misrepresent what is truly going on within the world economy so it comes […]

Gold – Losing Its Mobility

One of the greatest advantages of gold throughout history was the fact that it was independent of government and movable. Today, the hunt for taxes by government has been expanded to all forms of wealth. Above is the entry form for India. Not only is gold specifically listed, it is listed in jewelry form, and […]

Money Laundering & Gold

I have warned that if you are going to buy gold, make sure it is common date $20, $10, or $5 gold coins since bullion is going to become a dirty word. As of April 1, 2015, Chase Bank in the U.S. is advising its clients who rent safe deposit boxes that they may not […]

Chicago Wants to Tax Video & Music on Internet

Governments are the worst possible invention of humankind for they merge the rule of law with their self-interest to exploit the people for their own subsistence. Chicago is broke because it cannot fund its pensions. The obvious solution is to privatize everything and stop government employment as much as possible since their constitution prohibits reducing government […]

The Age of Deflation & the Fed

It appears that many people are married to the idea that the Fed creates INFLATION by expanding the money supply. Sorry, it does not work that way. Others confuse the fact that interest rate increases are bearish and declines are bullish. All you need to do is look at Japan to see that did not work […]

Economists Say Trump is Wrong

Yahoo reported that economists deny Trump’s ability to bring jobs back to America from China and other countries. Well, the economists are wrong. All it would take is a repeal of the income tax. Nearly half of the cost of labor is taxation. If you want to create jobs, cut the income taxes. That does not mean […]

EU Downgraded to NEGATIVE by Standard & Poor’s

Standard & Poor’s 500 Index has lowered the credit outlook for the EU as a whole to NEGATIVE. SPIEGEL Online reported, in addition to the new aid for Greece, one of the reasons for the negative rating includes the investment plan by President Juncker to spend more money. No one comprehends that increasing tax enforcement and raising taxes is not […]

The View on Gold and Silver

QUESTION: Thanks for the latest posts.I have 3 queries if you care to consider them. Some years ago you used to say $5000 and $12000 when contemplating gold’s upside.Now the latter seems out of reach.Can you indicate what caused you to change your mind? Secondly, regarding a possible Republican Presidential victory, does this correlate with a […]

The Risk of Real Estate – Forget Derivative & Fiat

The asset class within tangible assets in the immovable category is none other than real estate. This greatly varies from one location to the next. We face two main problems with real estate because we are facing a major Sovereign Debt Crisis. First is the fact we have a problem with leverage reflected within interest rates. While many tout […]

Gold: How High is High?

QUESTION: Mr. Armstrong; Your timing has been incredible. It is becoming clear that your forecasts are time and price which are separate. You have opened my eyes to a whole new way to observing the world. Do you think gold will still reach $5,000 after 2016? Thanks so much RB ANSWER: Yes, but as I have stated […]