Russia is responding by raising energy costs to Europe and throwing out all US auditing and financial companies in the country. The deputies of the Duma have already brought a law on the way to be voted on. Among the affected companies, Deloitte, KPMG, Ernst & Young LLP, PricewaterhouseCoopers LLP, Boston Consulting Group Inc. and McKinsey & […]

Argentina is moving into default and they could trigger bondholder claims between $25 to $30 billion. This is an amount equal to all its foreign-currency reserves. True,  if overdue interest on Argentina’s dollar-denominated debt due 2033 is not paid by July 30, then provisions in bonds known as cross-default clauses would allow the nation’s other debt […]

The Hungarian Prime Minister Viktor Orban believe it or job is actually being more honest that his EU counterparts. He has proposed outright to end the free democracy in Hungary. At a seminar in Romanian Transylvania, Orban has announced he wants to construct “an illiberal state on a national basis”. He argues that the financial crisis has shown “that […]

The latest headline to appear in the German Press – “Putin confidant: There will be war in Europe” Indeed, our own back-door channels are red hot. It seems many people are well aware of our model on the Cycle of War and have been lighting up my phone. I knew people always wanted to know […]

COMMENT: Mr. Armstrong; I really have to congratulate you. Your work is astonishing. I see why they accused you of manipulating the world. You simply do what others cannot do. You put your opinion aside and focus purely on the facts. If we can somehow bring this approach to government, it would be a complete […]

The European Central Bank is so out of touch with the economy it is frieghtening. They see that they have a range of options to consider including negative interest rates. What they do not grasp is that people will not invest and start businesses simply because interest rates are too high. The people must see […]

The premier of the Turks and Caicos says he’s “not closing the door completely” on the idea of his island nation becoming Canada’s 11th province, but says such a move would only happen if it is the will of his country’s residents. The entire move has been set in motion because of the USA and […]

COMMENT: Marty, You wrote can we trust elections anymore. Same happened last year during the national elections in Germany where the eurosceptical party AFD did not make the 5% hurdle – despite all immediate forecasts gave them much more. All statisticians I know told me such a drop seem to be almost impossible from a statistical point […]

Thailand’s military Coup leader General Prayuth Chan-ocha is in Bangkok and has a royal endorsement. He is now set to deal with the economy. He has warned that he would use force if protests flared up again. Prayuth seized power last week, saying the army had to restore order after nearly seven months of sometimes deadly demonstrations. The military […]

  Every single brief uptick and they come running out of the closet and start all over again – sell everything you own and buy gold. We will be releasing the Special Report on metals next week after we get this monthly closing. So far, it still appears that gold could extend this present bear […]