The IMF proposal to just take 10% of all European deposits would certainly not take place before the EU elections on May 25th. We do show higher volatility and a crazy period in 2014 in the September/October period. That will be the beginning of the crisis period that will not end until about 2020. […]

  QUESTION: Hi Mr. Armstrong: I’ve been following your blog, and I’m an activist in a local city called Baldwin Park.  On a municipal level, I’ve seen everything you’re predicting happening. Here’s my question.  You often make reference to the fall of the Roman Empire.  The most famous book on the topic is the Rise and […]

The Global Market Watch has been posted for the close of January 2nd, 2014. https://www.armstrongeconomics.com/market-watch/

The South China Morning Post has reported a sharp drop by 42% in gold purchases coming from China. This is typical as we head into the lows. The idea that they will just keep buying as prices fall is wishful thinking. China should relax its demand as prices decline.

QUESTION: Dear Mr Armstrong, What are the risks on cash savings under the mattress and the relation from the land serial codes on Euro notes and confiscations?.. Country codes on the first series of banknotes The central bank that commissioned the printing of a banknote (but not necessarily the country of printing) is indicated by […]

QUESTION: Hi, Mr Armstrong, when You said “they will confiscate 10% of everyone’s accounts in Europe” did You mean also Croatia? Regards ANSWER: Sorry to say – you will be included. This was one of the factors that also persuaded Ukraine to turn away from Europe. The problem is this mixture of German austerity (deflation) and […]

QUESTION: Martin, I read with alarm the blog post this morning about the coming 10% tax to be imposed on European accounts.  I’m an American with an IRA managed by a SEC regulated private Swiss Banking firm with my funds in an Austrian branch of a Swiss Bank.  I report the account on my tax returns every […]

QUESTION: Hello, One question: will a European’s money and shares held in Switzerland be safe from the IMF European bank bailout proposal? Thanks KR ANSWER: Switzerland has two risks. First, it has the biggest stockpile of euros of any central bank because it was trying to hold down the franc. It stands to lose big […]

  Everyone has heard that the diamond industry is a monopoly controlled by the De Beers Family of Companies. That perception has been the standard response because they in fact had such a monopoly beginning in the mid-1800s. That actually came to an end in 2000. There has never been a commodity exchange for diamonds […]

The big money has been buying Art, Real Estate, and ancient coins that are an international market. If you cannot get stock that is liquid, you need other “movable” assets be it coins or diamonds. Real Estate is not really movable. Fine Art has jumped more than 25% on the top end. Even retail sales […]