COMMENT #1: Nobody is suggesting that we should “destroy all capital”. Right wing nonsense. We all know that communism is unsustainable due to its inherent lack of economic motivation for anyone to be productive or creative. Similarly, pure capitalism ultimately self destructs without the balance of some collective investment in society (i.e. socialism), as all […]

ASIA: China has warned Taiwan that any attempt to seek independence “means war.” The warning comes days after China stepped up its military activities and flew warplanes near the island. This reaction from China came after new US President Joe Biden reaffirmed his commitment to Taiwan, and set out his stance in Asia. The US […]

QUESTION #1: Hello Mr Armstrong, Thank you so much for the heads up regarding the elimination of paper cash. Regarding the US things are clear and so we’ll have to wait and will soon see what happens. Could you elaborate on the elimination of paper regarding the EU and UK? What is the timeframe? What […]

ASIA: A World Health Organization (WHO) team has come out of quarantine and will start on-the-ground investigations into the origins of the coronavirus in the Chinese city of Wuhan. The scientists will begin interviewing people from research institutes, hospitals and the seafood market linked to the initial outbreak. Their research will rely upon evidence provided […]

COMMENT: Czech rep. has been in total lockdown with all commerce and services closed (except supermarkets and drugstores) since December (and before that since October, with barely a few weeks with shops opened before the next lockdown), curfew at 8pm, schools closed since September, ban on all social activities, etc. And, now the PM said it’s […]

ASIA: Profits at China’s industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 slump, Reuters reported. Profits surged 20.1% year-on-year in December to 707.11-billion-yuan ($109.40 billion), after rising 15.5% in November, the National Bureau of Statistics (NBS) data showed on Wednesday. […]

ASIA: The IMF expects the US and China to be by far the most successful at steering their economies through the pandemic, leaving Europe and other emerging markets trailing in their wake. In its updated forecasts for the global economy, the fund predicts that by 2022 recoveries in the US and China will leave their […]

  Chinese President Xi Jinping at Davos in Switzerland attended by video. He continued to defend globalization also referring to multilateralism and climate change. However, he never mentioned either Trump or Biden but he did criticize the US trade war with China. He did warn that any conflict between Beijing and Washington would be bad […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 190.84 points or 0.67% to 28,822.29 Shanghai increased 17.49 points or 0.48% to 3,624.24 Hang Seng increased 711.16 points or 2.41% to 30,159.01 ASX 200 increased 24.30 points or 0.36% to 6,824.70 Kospi increased 68.36 points or 2.18% to 3,208.99 SENSEX […]

There are way too many people suffering from serious side-effects from these vaccines. There is a lot of information coming out about these vaccines, which have been pushed out without proper testing because this was a manufactured political emergency. Thirty people died after being vaccinated in Norway, prompting international concern outside the USA of course. […]