ASIA: Growth in India’s dominant services sector slowed sharply in July, weighed down by high inflationary pressures and weaker demand, leading to a further decline in business expectations, a private survey showed. The S&P Global India Services purchasing managers’ index fell to 55.5 in July from 59.2 in June, the lowest since March and below […]

QUESTION: Mr. Armstrong; I have followed your comments on the future of inflation for the last five years at least since a friend attended your conference. I must say you have alone singlehandedly defeated every economic theory I have studied. Since the start of this pandemic in 2020, most prominent neoliberal economic voices warned of […]

ASIA: China announced on Tuesday that its People’s Liberation Army (PLA) would launch a series of targeted military operations on the island in response to House Speaker Nancy Pelosi’s visit to Taiwan and its resolute defense of national sovereignty and territorial integrity. The announcement came shortly after Pelosi landed in Taiwan, the first time in […]

In my interview with Maria Zeee, you may have heard us mention the propaganda efforts to make eating bugs seem normal. In 2018, actress Nicole Kidman made a video for Vanity Fair in which she eats “micro livestock” from a fancy silver platter. This is an insult to the people of food-deprived nations who are […]

ASIA: Factory activity in India grew at the fastest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed. The survey results suggest that India’s economy has remained resilient, at least for now, despite […]

ASIA: China’s manufacturing PMI fell to 50.4 in July from 51.7 the previous month, according to media reports on August 1. That was below market analysts’ expectations of 51.5 for July, but above the 50-point index that separates growth from decline, they added. . Market analysts said the decline was a result of weakening economic […]

Argentina’s economy has collapsed. Around 57% of adults in the nation are currently unemployed. The Socialist nation has programs in place to compensate, costing the country around $6 million daily. However, socialism no longer works when you run out of other people’s money. July’s inflation report showed an uptick over 60%. Harry Lorenzo, chief finance […]

ASIA: Japan’s central bank forecast inflation would exceed its target this year in new forecasts on Thursday but kept interest rates ultra-low, signaling its determination to remain an outlier in a wave of global central bank policy tightening. BOJ Governor Haruhiko Kuroda brushed off the chance of policy tightening in the near future, saying he […]

ASIA: An iPhone manufacturing plant in the southern Chinese city of Shenzhen is being forced into a seven-day “closed-loop” lockdown by Chinese authorities, along with 100 other companies, to limit COVID-19 infections, Bloomberg reported. The “closed loop” system will mean that only employees who live on site will be able to work, blocking outside access […]

Sanctions strengthened Putin and caused “unfriendly nations” to form a closer alliance against the West. As the West suffers from an energy crisis with no solution in sight, Russia is benefitting from this in more ways than one. You may have heard of the China–Russia East-Route Natural Gas pipeline or the Yakutia–Khabarovsk–Vladivostok pipeline. Construction was […]