QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system? Will there be differences between countries like Germany and Switzerland for example? Especially regarding pension systems. I assume, there might be big differences between countries. Many thanks and best regards, R. ANSWER: […]

ASIA: India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports, two government officials said. Nominal GDP growth — which includes inflation and is the benchmark […]

  Lindsey Graham is the twin brother of John McCain. I had asked John McCain once why he hated Russia so much. He never responded with any reason. It was always the same nonsense he always spread before Putin and after. It has baffled me as to what the difference is between Germany and Russia. […]

We have been forecasting for several years now that those who have been focused on the demise of the dollar to the exclusion of everything else would be wrong because of what must fall first is both Europe and Japan. It is an all-out race to see who will be the first to collapse. This […]

ASIA: China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday. China’s reopening is “something that will be a positive for China mostly, something that will be a positive for the rest of the world, but we will […]

  The entire theory of the Petrodollar dates back to the collapse of Bretton Woods and the subsequent oil embargo protesting US support for Israel and the price shock of raising prices. Those were the days when everyone was obsessed with gold and the whole idea of a floating currency that was popular to say […]

QUESTION: I thought Ukraine claimed it was independent in 1918. Was that not then a country? PH ANSWER:  In the aftermath of World War I which began in 1914, that is when the Russian Revolution took place. That is when Ukraine first tried to assert its independence on January 26th, 1918. The Bolsheviks who seized […]

QUESTION: Hello Mr. Armstrong. I am from Poland and I know the history and our differences with Russia, but in this war, I’m against Ukraine. They don’t even want to apologize for atrocities committed on civilians but want us to help them. The west of Ukraine was always Polish but in our mind, it no […]

ASIA:   China kept benchmark lending rates unchanged for a fifth month on Friday, as expected, but analysts say future cuts are possible as the central bank has pledged to support the COVID-ravaged economy. The one-year loan prime rate (LPR) – on which most new and outstanding loans are based – was left at 3.65%. […]

This is a very disturbing undercurrent in Ukraine. Many are starting to question Zelensky on many levels and his comments at Davos that he even questioned if Putin was still alive has many wondering if his act has not gone just too far. He paints this image that if just Putin was killed somehow there […]