QUESTION: Mr. Armstrong; Thank you for paying attention to Iceland. You are absolutely correct. The banks failed because of Lehman paper. The bankers harmed the people by selling mortgages in foreign currency because the local money supply was insufficient. I have read much about Iceland and it appears that those who preach against banks outside […]

Far too often people fail to understand banking and credit merely making superficial judgments that lack any real in-depth understanding of the world financial system. The common assumption is that the greatest curse of mankind is that commercial banks create money through lending and then securitize such loans selling them into the marketplace illustrates the […]

The Department of Justice (DOJ) has illustrated just how corrupt Washington really is. Yes they indicted Menendez, but they let Lois Lerner walk. Lois Lerner is the IRS former executive who was at the heart of a scandal involving the deliberate targeting of political opponents of the Obama administration. The DOJ has waited for almost two years […]

QUESTION: Marty, back on March 10th you said you had support at the 105, 103 and 100 levels in the cash euro. You then called for a bounce after the low was reached at the 10461 price level on March 13. You also said “The Break-Line reaches 80 cents on the next 8.6 year wave” […]

QUESTION: Hi Martin, I read that China is going to be the core economy of the world. Does this mean we should focus our funds on Chinese banks, tech firms, oil companies etc? Especially since the NSA saga, tech companies from the US will have a harder time doing business in China and this in turn […]

QUESTION:  Thank you so much for all you do!   I read your recent post regarding Police Arresting People for Just Having Money. We’ve been dealing with this for a while in Tennessee. The public at large is starting to get tired of it as this has been a common occurrence in our state for […]

  Greece today has come out and informed its creditors that it will run out of money on April 9th. This is an appeal for more loans before any reforms are completed upon which new disbursements hinge. Brussels has rejected this request. Meanwhile, Greece has officially denied that it would miss the IMF repayment deadline. Nonetheless, Athens will have […]

Many people have asked is the max par for this year on the Euro? Yes. We have technical support at 9706 level for 2015. We have Yearly Bearish Reversals are 11645 and 10365. So the 116 level will remain as reactionary resistance this year and the 10365 level is key support just below the current […]

  The Euro closed the month at 10742 and then there was a huge fight back and forth at 10765 the following day. This is a LONG-TERM signal, not short-term. It is serious for this confirms the broader trend moving forward. However, on the Quarterly level we also elected 10970 and 11983. The first will […]

QUESTION: Mr. Armstrong, do you think your proposal will be accepted? ANSWER: This is the ONLY chance we have. The ONLY way it will be accepted is through pain. I have done extensive interviews on this in Europe, not the States. Why? They already “feel” the pain. If we can take a step toward reform […]