ASIA: The US administration has sanctioned three of the world’s largest facial recognition startups, prohibiting them from purchasing US products or maintaining relationships with American entities. The US is accusing China of unfair treatment of the Uighurs, which China is setting up a database using facial recognition software to keep tabs on its citizens in […]

ASIA: Hong Kong protests have entered in to the 18th weekend, in which there has been no slowing down to the protests and violence has been escalating. This weekend has seen protestors using petrol bombs against the police following the controversial face mask ban. The Chinese military based in Hong Kong issued a warning to […]

QUESTION: Dear Martin Armstrong, In your  blog post “Liquidity Crisis & the Pending European Banking Crisis”  Posted Oct 2, 2019 ” you write ‘Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, […]

ASIA: Russian President Vladimir Putin said yesterday that Russia will be aiding China to build a warning system to identify intercontinental ballistic missile launches. At this current moment, only Russia and the US have this installed. US President Donald Trump called on China to investigate on Joe Biden, perhaps again inviting foreign interference in a […]

ASIA: President Donald Trump said today that the Chinese delegation would be visiting the US next week for more trade talks. He also expressed that they are doing well. “I have a lot of options on China. But if they don’t do what we want, we have tremendous power,” he told media. Hong Kong’s authority […]

ASIA: Fresh protests have broken out in Hong Kong as anger mounts over police shooting a teenage protester and later defending it as “lawful and reasonable.” Meanwhile, China has criticized the US, UK, and the EU for siding with the “mob” and underplaying the violence of the protestors against the police. The Philippine foreign secretary […]

  A lot of people have been writing in about the liquidity crisis and the banks with exposure to Deutsche Bank. This is clearly the European Banking Crisis we have been warning about. Most European (and Swiss) banks are having to overpay 30-40bps over libor. Even A+ rated banks are having to pay this premium.   […]

ASIA: China today held a military event showing off their military might. This event marked the 70th year anniversary of Communist rule in China. They showed off their new intercontinental ballistic missile, which has a reach of 12 to 15 km. The worrying thing for most of the world is the speed at which it could […]

  ASIA: Chinese economic data from last Friday showed that industrial company profits dropped 2% in August from a year ago. It reversed a 2.6% gain in the previous month, indicating growing pressure on the corporate sector as the economy slows further. President Xi of China paid his respects to the founder of the Communist […]

Cathay Pacific Airways Ltd. suffered a 12% drop in passengers due to the Hong Kong protests. Airfare prices are dropping in an attempt to win back visitors. Consequently, Cathay Pacific Airways is looking to sell a U.S. dollar bonds as there are rising fears that the Hong Kong peg may break with the protests. The […]