QUESTION: Dear Mr Armstrong, First of all, congratulations for all the public information that you are offering in your website. For humble learners like me is fascinating. Your ECM says that there would be a peak in October. Could it be a peak in the confidence in the Dollar as a reserve currency? I would […]

The Reserve Bank of New Zealand revealed new $5 and $10 notes. However, Reserve Bank deputy governor Geoff Bascand was asked directly if the redesigns could be the last. He responded by saying, “It is possible. People are speculating and talking about becoming a cashless society, but we haven’t seen it yet.”  

Finally, a state judge was sentenced to 28 years in prison for taking bribes from a private juvenile prison where he sentenced kids for the profit of the prison. I have yet to meet any judge who is actually “HONORABLE” as the title they bestow upon themselves suggests. The issue is not that all judges accept bribes; rather it […]

Asia produced a mixed session for equity markets today with all majors closing in the red. Not too much gossip as most players were digesting the ADP report, guessing China’s next move (with dealers still bidding on long-end Treasuries), and anticipating Friday Non-Frams. Europe saw a more positive note closing with small gains, but it was the U.S. market […]

Above is a Roman Æ Sestertius (34mm, 22.18 g) of Nerva (AD 96—98), struck at the mint of Rome (97 AD). The reverse reads: “PLEBEI VRB[ANA]E FRVMENTO CONSTITVTO”, and pictures a modius filled with poppy and six grain ears. This demonstrates how society has ALWAYS aided the poor (plebs) for that is part of humanity. Socialism is simply the justification […]

  The FT ran a commentary entitled, “The case for retiring another ‘barbarous relic'” on paper money. Money has historically never been a store of value for money is on the opposite side of tangible assets. Even when gold was used as money during the 19th century, its discovery in California was highly inflationary. Rooms for rent in San […]

  QUESTION: What will happen after 2015.75? Can you share anything? Thanks from those who cannot attend your conference PD ANSWER: All systems tend to collapse in ten 8.6-year waves, and the last 4.3 years are typically the worst. That is what we should see between 2015.75 and 2020.05. By comparison, the Roman Emperor Valerian I […]

Back in the 90s, we would outfit schools with computers because, in my judgment, computer science is probably the most essential qualification next to reading. You can even get a pocket calculator to do your math, and you can have phones read your text messages, but the one skill set that children cannot do without […]

  Government talks about Islamic terrorists, but their number one fear is YOU. The internment camps are for you, not Islamic extremists. Government CANNOT honor its promises so it will not even try. They are confiscating money everywhere, doubling fines, and punishing people for insane things. A neighbor received a ticket and a $200 fine for […]

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to state definitively that the August low will hold and new highs are ahead. We needed a minimum closing ABOVE 16632 to firm up short-term support. The […]