QUESTION:  In regards to the “Crash or Collapse” post you just put up, we kind of wonder what you meant when you wrote at the end “This will not be like anything seen in past 200 years” We were wondering, was that in regards to a crashing market or crashing Bond market? I thought you said in […]

QUESTION: You hear the big talk at Davos was the next big crash.  Roubini,..etc all the big economists are calling for one in the next 24 months and say its due for this business cycle to have a crash in bonds and stocks. GB ANSWER: What I see is nothing like the traditional crash. First […]

Sending in Russian “tourists” running around in unmarked military uniforms has achieved Russia’s goal of annexing Eastern Ukraine without formally sending in troops. Moldova is now joining Russia while Romania has closed its airspace to Russian planes. What happens in the West is now hanging in the balance. We do not see any head-to-head confrontation […]

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.