Britain remains the EU’s biggest financial center and is opposed to the 2014 tax on financial transactions to begin in the EU. Britain, and several other EU states, are refusing to participate in the tax scheme that will clearly send capital out of the Euro. There are still 11 members that will go ahead Germany, France, […]

QUESTION: “I think that the parallel with the Gulf War or 1939-1944, or Afghanistan war IS NOT RELATING to the same scenario” ANSWER: The Gulf War is appropriate. World War I and World War II involved directly the European financial markets, whereas the other wars were remote including Korea and Vietnam. Capital flees from the […]

While Goldman Sachs is trying to launch TV ads championing their efforts to fund companies, they still cling to their proprietary trading. Now in Switzerland both the right-wing Swiss People’s Party (SVP) and the left-wing are mounting a new efforts to end proprietary trading in UBS and Credit Swiss by breaking up the banks. The Lower-house lawmakers […]

Many people are talking about a stock market crash when Obama invades Syria. When we look at that historically, war does not create a major decline in stocks. Here is a chart of the Dow for the Gulf War in 1991. The market rallied after Congress authorized force. The idea that people will dump stocks […]

The US is dependent upon selling debt to someone. This Sovereign Debt Crisis has made the US vulnerable for it really cannot act unilaterally in international affairs as Obama is attempting. The USA is dependent upon selling its debt with about 40% being held internationally. Obama’s policies come at tremendous cost to the economy long-term. […]

QUESTION: Agents are simply free to interpret law as they desire? They can seize even gold in a safe deposit box? ANSWER: Sorry to say – YES! (see Lack of Rule of Law Destroys Business). They are not doing it yet – but they are laying the ground work for that. It is unlikely that […]

QUESTION: Is it now illegal to store cash and gold in a safety deposit box? ANSWER: They have not yet enacted an actual law prohibiting the storage of “money” in a safe deposit box. The problem is surfacing because of “interpretation” of laws with broad scopes. If you have $5,000 in cash in your pocket, […]

On Saturday, Pope Francis urged world leaders to stop a “spiral of sorrow and death” in Syria. He held a special five-hour prayer service that was attended by 100,000 people in Rome. Even Italian Muslims joined the Pope in his vigual for peace. There has never been such a mass of anti-Americanism perhaps in history. This […]

QUESTION:  Hi Mr. Armstrong… So it’s obviously unsettling to learn about all that is going on with the government, NSA, banks, etc. My question: What can the average person DO about it? Do you have a game plan?   1) Where should we do our banking? Are Credit Unions safe?   2)  Is it better […]

International Business Machines Corp. (IBM) is moving about 110,000 retirees off its company-sponsored health plan, They will be given a payment to buy coverage on a health-insurance exchange. The medical profession has out-priced itself and the contraction will become obvious starting in 2016. Other companies are laying-off employees 2 to 3 years before reaching retirement. […]