According to the new draft law proposal, all persons who enter the US will have to declare their holdings in crypto currencies with a value over 10,000 dollars. This is the case with larger quantities of cash or precious metals. Naturally, they are calling this money laundering and possible funding of terrorism. It’s really about taxes.  I […]

The special counsel  Robert S. Mueller III, who is leading the Russia inquiry against Trump, executed a search warrant at the Northern Virginia home of President Trump’s former campaign manager, Paul J. Manafort, for tax documents and foreign banking records, according to a person familiar with the matter. Normally, Mueller would simply ask Mr. Manafort’s lawyers […]

  A quiet and mixed session for Asia as we watched the only real move and that was in the USD. Given all the uncertainty we are seeing a steadier run for the US Dollar, with possibly an arguable underlying bid for gold. The Nikkei did retrace a little of yesterdays decline, closing up +0.25% […]

https://www.youtube.com/watch?v=iFSW0id36FA The extreme violent left is expanding their desire to overthrow essentially everything and are now attacking a monument in Baltimore to Christopher Columbus, which was believed to be the first one erected to the Italian explorer in America. Italians were discriminated against and seen as all criminals connected to the Mafia. This monument was […]

Steve Bannon has been fired  from the Trump team, and many are saying good riddance. It was Bannon who has been the  architect  of the most confrontational approach with Congress and has really been clashing behind the curtain. Bannon said in the interview that the main front was China: “We are in a trade war with China” […]

We didn’t really need an excuse for why equity markets were lower in Asia today, but we certainly found it in US markets irrespective of political uncertainties – if we were looking! Ahead of the weekend and a move into US Dollars the Nikkei lost 1.2% but interestingly the JPY only just moved back to […]

Asia took its cue from the strong US session and initially saw gains across the core. The Nikkei made-up for its previous poor performance with a closing gain in-excess of 1.1% and watched as the yen played at the mid 110’s. Having seen the bounce-back, volumes were lower than usual but with national holidays in […]

QUESTION: Thanks for this free advice. But, in this comment: “/our-european-tour-part-ii-seizing-all-bank-accounts-throughout-eu/” You write: “Clearly, people should be fully aware of the thinking process in government. Brussels will become authoritarian when the free markets rain on their parade. I strongly recommend that everyone should keep 30 days worth of cash to cover your basic needs.” But, it […]

QUESTION: Mr. Armstrong; I attended the Paris conference of the BIS when you were the keynote speaker. You delivered a forecast that was probably too far ahead for its time. You said the euro would go through and it would first drop but then peak with deflation in 2008 after the markets crash from 2007. […]

The retail sector has been stagnant and most people are blaming AMAZON. A closer look is really required rather than the typical superficial analysis. Today, online sales represent only 8.5% of total retail sales. Amazon comes in at $80 billion in sales, but this merely amounts to just 1.5% of total U.S. retail sales, since 2016 total retail […]