The real birth in electronic money is not Bitcoin, but Google Wallet. Standing in line at Starbucks you will see the under 25 crowd pay with their cell phones. Sorry, but Google is already there. Bitcoin cannot compete nor will traditional banks. Just as Amazon reduced book publishers to a subservient role at their direction, […]

Ireland’s Finance Minister Michael Noonan has been desperately trying to meet the strict brain-dead requirements of the troika of the European Commission. These are lawyers who are trying to firm up their own jobs by thinking to maintain confidence in the Euro, they have to embrace austerity. The ECB President Draghi is so out of […]

The head of the Bank of England, Mark Carney delivered a speech at the “Lord Mayor’s Banquet” in London’s financial district with the surprise announcement of an interest rate reversal. United Kingdom This is a departure from the policy of the ECB. Primarily, the British economy was saved by staying out of the Euro. The significant […]

QUESTION: Hello Martin Could you please explain the difference between the 8.6 year peaks in the ECM cycle within the public or private wave and the 8.6 year peak at exactly the stage that it switches to the public from private wave and visa versa. Is the difference monumental or a subtle difference. Cheers R ANSWER: […]

The trends in global debt are interesting to say the least. There are major shifts in debt that people are not really paying attention to. Chinese companies actually borrow more than their American counterparts topping $14 trillion in corporate-debt markets. Then there is the shift in public funds that present an interesting situation for the current […]

Former F1 driver Michael Schumacher is no longer in a coma and has been released from the hospital. He suffered a brain injury in a skiing accident. Perhaps his medical treatment can be used in Washington under Obamacare. He was put into a coma by the doctors to reduce the risk of brain swelling. Just think how […]

As if we did not see this one coming. Goldman Sachs, the untouchable firm, won dismissal of a suit over $450 million in residential mortgage-backed securities. The New York judge amazingly shifted the entire burden of responsibility in fraud to the buyer. It was not Goldman Sachs’ fault, the judge said that the firms that […]

Former IRS official Lois Lerner invoked her Fifth Amendment right against self-incrimination at a congressional hearing in March, something courts have done away with in the corporate world saying that applies to individuals, not corporations. How working for government is not also an artificial entity rather than a person is beyond me. She should have no such […]

I previously reported that our sources were reporting that central banks were starting to buy shares to diversify their reserves. All of our sources in Asia and Europe have been reporting this trend. So while the talking heads keep preaching the crash and sell equities, the retail market may not be buying this market yet […]

QUESTION: Mr. Armstrong; Your work on the cycles of war has been duly noted in government. Governments are starting to take notice and have begun to fund studies of protest groups. Even the Guardian is reporting this trend. In the United States it is called the “Minerva Research Initiative,” and it has been around since […]