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Manipulating Central Banks

QUESTION: Mr. Armstrong; Are we watching the central banks trying to manipulate capital flows as they did in 1927 but reverse with European rates down and America up? I believe you are saying this is the case because Europe is in a major economic implosion. I am correct in this assessment? Thank you from Europe […]

Law = Just Opinion – Obamacare is Illegal As Applied

When a court issues a ruling it is actually called its “opinion”. In religious circles, many of the Protestants revolted against the Catholic Church because they did not like the fact that if the Pope decreed something, it was considered to be infallible – the Sacred Magisterium. Well American judges take the same position. Papal infallibility […]

The Euro

The Euro continues to sink lower as the dollar has risen to eight-month highs on worries over tougher sanctions to be imposed upon Russia and their potential impact on the seriously weak Eurozone growth. The tax rates in Europe are simply insane and now even the German population must work MORE than half the year […]

No Economic Decline in Washington – EVER

  Housing in Washington never collapsed because it is supported by your tax dollars. Good or bad, the money flows to Washington. The very same hotel chain charges $200 in Philadelphia, $300 in New York City and $400 in Washington. It ain’t for the tourist. It’s for the sea of lobbyists. Since 2001, the president has […]

A Market Recap

  The Markets are being bombarded from every direction fundamentally. The confusion is rising and so will the volatility. The euro is gradually declining, the stock market keeps holding, gold really cannot get out of its own way, and the 10 year rates remain low even in Germany. Capital is confused every which way from […]

China Was First Official Paper Money & Never Issued Gold or Silver Coins until Modern Times

QUESTION: Mr. Armstrong; I recently read that China issued gold and silver coins. I cannot find any such listing in any catalogue. Is this another story made up by goldbugs claiming money is only gold? Who really printed the first paper money, China or Sweden? Thanks so much DG ANSWER: China always issued fiat bronze […]

Russia Threatens to “collapse of the U.S. financial system”

Russia responded to the threat of sanctions the United States. The sanctions against Russia would also lead to the “collapse of the U.S. financial system” and end the dominance of the U.S. in global financial markets. Russia could continue to carry out its international transactions in other currencies and refrain entirely on the dollar. While […]

Huge Fines on Banks Moving Capital

All of these huge fines that have exceeded $250 BILLION have the big capital very worried and starting to scramble with respect how to protect their assets. The whole craziness of the banking fines is that there is no limit. It is not like if you go through a red light the fine is $250. […]

European High Court Rules Against Google

Following the ECJ judgment EU citizens may apply for the cancellation of search listings on Google. The verdict triggered a veritable wave of fire fighting applications. Google has received more than 70,000 requests for deletion of their search files, including about 12,000 applications from Germany alone. Overall, it comes to the removal of more than […]

Banksters More Fines – European Bail-ins Coming to Canada

Citigroup Inc is reported to be close to paying about $7 billion in fines to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, reported News Daily. The USA has discovered a cash-cow and the banks have paid now over […]