Socialism has robbed the economic future of millennials. All of the programs have been based upon a Ponzi scheme from Social Security to Obamacare. The entire foundation of socialism is constructed on taking other people’s money. Naturally, they always point the finger at the rich. But the social programs are really based upon one generation […]

ASIA: No real surprises coming off the news of Friday and over the weekend. China announced they will be increasing tariffs on approximately $60 billion worth of U.S. goods up to 25% on June the 1st. Earlier in the day, US President Trump tweeted that if China were to retaliate it would continue to escalate […]

ASIA: As mentioned in yesterday’s MT, the U.S. raised tariffs on China after the most recent deadline of 12 midnight eastern had passed. Trump earlier this week said that he was frustrated by the lack of progress (regression) in negotiations, while today he stated there is no rush to the ongoing talks now that the […]

ASIA: China and the U.S. entered the day with just one day left to agree to a trade deal before the U.S. imposed tariffs on $200 billion dollars’ worth of Chinese goods goes up from 10% to 25%. Chinese Premier Liu is in the U.S. meeting with trade negotiators in an attempt to resolve differences, […]

QUESTION: Mr, Armstrong; Why the push for lower interest rates again in developed markets? You have stated the QE has been a total failure. Are they incapable of doing anything else? KE ANSWER: We are switching from QE to a new reality of budget management. If interest rates rise on government bonds, the budget blows […]

ASIA: China stated they will take required countermeasures if the US raises tariffs to 25% on 200 billion’s worth of Chinese goods. “The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures,” the ministry said. The Bank of Japan march minutes indicated that the board […]

ASIA: US trade representative Robert Lighthizer has accused China of backtracking on agreement within trade talks but has insisted a deal with China is still possible. Vice Premier Liu will be visiting Washington this week. More in US section below. In other news, China will not take part in three-way nuclear talks with the US […]

QUESTION: Hi Martin, You mentioned in a 2016 blog post that “We will probably see the end of this Social Security program by 2021.772 (October 9, 2021)”. Does this forecast still have a high probability of occurring? If so, won’t this be devastating to retirees, especially those with little or no retirement savings? My employer no […]

QUESTION: I have been following your blog for a number of years, public and private. I read the blog concerning “European Politics.” In it you state the capital flight will be a contagion. I understand what the influx of European capital will have on the DOW and S&P, but much less certain of the duration of […]

ASIA: China today sentences a second Canadian to death for drug smuggling, earlier in the year the two countries had a tense relationship due to the handover of Huawei’s CEO daughter to the US. Washington commented on the Chinese Belt and Road initiative as a huge strategic mistake by allowing China to be at the […]