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 This report goes into all the banking legislation that the Clintons secretly repealed. The very first year, Clinton repealed the prohibition against interstate banking.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 […]

Far too many people have underestimated the changes in the global economy. This year’s conference will focus on the significant instability risks that are associated with the economic slowdown in China, and the crisis in the emerging markets. This will impact the German exports, and the refugee crisis in Europe will only help to push the economic […]

I reported from Poland that the rising trend there was anti-euro, which has manifested into an anti-immigrant movement. I will be there next March once again. Nevertheless, Poland’s eurosceptic and anti-immigration Law and Justice Party (PiS) claimed a major victory on Sunday. The politicians in Brussels only see their power and Merkel is attempting to demand quotas for all […]

In the Austrian town of Reichenfels in Carinthia, the refugees have protested and their abuse of water has led to rationing water for the entire town. The refugee crisis is brewing and it is not going to go very well when winter comes in. In Dresden, there is no space left and the government has said that […]