The Global Market Watch has been posted for the close of May 12th, 2014. Global Market Watch

I have warned that about 50% of the German municipalities are on the verge of bankruptcy. The pensions have been unfunded and are absorbing everything. As we saw in Detroit with more than 50% of current revenue going to pensions, taxes either rise, the borrow more, or they are out of business. We are in […]

Australia has been a resource-rich country that was used to running a surplus in the years headed into the 2007 financial crisis. The deficit now has a lot of people concerned in Australia – but not all. Australia is a highly socialistic country with very vocal Marxist groups. Mr Abbott has indicated that all Australians […]

QUESTION: Mr. Armstrong, What is a virtuous cycle? Thank You SK ANSWER: A virtuous cycle in the economy means that higher wages stimulate consumption, leading to higher prices and larger corporate profits. This is typically distinguished as a shortage of labor driven cycle rather than a mere cost-push cycle that was indicative of the 1970s driven by […]

Of course the Pro-Moscow rebels declared a complete victory in a referendum on self-rule for eastern Ukraine. They now want to join Moscow and the entire propaganda has been that this is just a CIA plot and that is what Russia keeps telling its people. Now the CIA plot caused the fall of the Soviet […]

The head of Thailand’s pro-government red-shirt movement said any attempt by the Supreme Court and the Senate to set up an interim government as called for by the anti-government PDRC would be unlawful and could steer the country toward civil war, The Bangkok Post reported. The leader of the PDRC has called on authorities to […]

Moldova is primarily made up of ethnic Russians. According to Russia, they have petitioned Russia to join. This has both Romania and Bulgaria concerned not to mention Western Ukraine. Little by little, Putin is getting his dream to reestablish the Soviet Union.

COMMENT: Dear Mr. Armstrong, All I could think of was you after listening to Robert Gates’ response to the question about a serious threat to US national security. BOB SCHIEFFER: And welcome back to Face the Nation and as promised more from our interview with the former Defense Secretary and we pick up where we […]

Anyone who thinks that Ukraine was just a CIA plot is honestly in serious denial and are blind to the real trend afoot. All governments are declining into corruption on a massive scale and this is reflected in their rising demands for taxation. The American Revolution was – No Taxation without Representation. That is the […]

David Cameron has come out and argued that Taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will “have to put up taxes” unless tax officials are given draconian powers to raid people’s bank accounts IF they think they even owe money. Trust me – all politicians share ideas. Obama […]