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Market Talk – November 11, 2019

ASIA: Tensions are showing no signs of relief in Hong Kong after two protesters were shot by police over the weekend. Recent sparks of tensions came about due to a student dying due to falling off a building after a police raid due to the protests. Chinese commerce company Alibaba set a new sales record […]

Market Talk – November 8, 2019

ASIA: The Chinese Community Party has responded to US Secretary of State Mike Pompeo’s attack that claimed China is too focused on international domination and needs to be confronted. The CCP stated that his comments were extremely dangerous and exposed his sinister intentions. “Pompeo is splitting apart and setting in antagonism against each other the Chinese […]

Market Talk – November 7, 2019

ASIA: China announced that the US has agreed to incrementally lift tariffs once a trade deal is reached. “If China, US reach a phase-one deal, both sides should roll back existing additional tariffs in the same proportion simultaneously based on the content of the agreement,” stated ministry spokesman Gao Feng. Feng pointed to positive progressive […]

Trying to Overthrow the Dollar

QUESTION: Marty, you said at the conference the efforts to overthrow the dollar as the reserve currency have failed and it will take the Monetary Crisis Cycle to accomplish that. Now that Lagarde is in the ECB, will she aid that overthrow to be replaced by the IMF’s SDR? It was a fantastic conference this […]

Market Talk – November 6, 2019

ASIA: China plans to purchase up to 10 percent of the Saudi Aramco IPO. The IPO came under some pressure after the recent attacks on Saudi’s largest oil refineries, but recently production was brought back to max capacity. China and France have announced deals worth 15 billion USD today after French President Emmanuel Macron met […]

Europe Moving to Worldwide Income Tax & International Wealth Tax

QUESTION: As I understand you’re writings, the € is not a good currency to be in. I’m South African and stay in the Netherlands for 13 years now. I’ve been following you’re advice not to be in €’s and therefore I only have a house here that can be seen as a € investment. I […]

Market Talk – November 5, 2019

ASIA: According to the FT, the US is considering removing some tariffs in an attempt to make a truce in the trade war. The cuts will be for around 112 billion USD worth of goods which have had a 15% levy applied on them since September the 1st. On the news, the renminbi strengthened to […]

US Economy Soft – But Holding

COMMENT: I find it interesting how the rest of the world is declining and Socrates forecast that the US economy would be only slightly weak going into January 2020. It is interesting how it picks up the major differences. They are blind to the trend. You bring together the world. Thank you for that and […]

Norway – the Confusion in Trend

QUESTION: Dear Mr. Armstrong. Does Socrates have an explanation of what is happening to the Norwegian Kroner? All the financial newspapers and banks here in Norway are scratching their heads and don’t have an explanation of why it’s devaluating against the Euro and Dollar. The central bank of Norway has an interest rate of 1.50%, […]

Market Talk – November 4, 2019

ASIA: US President Trump signaled on Friday that China wants to make a deal with the US. That the deal could happen in the US, more specifically the state of Iowa, signaling the fact that the trade deal will help farmers the most. In Japan, Microsoft piloted a 4-day work week and saw productivity jump […]