COMMENT:  Hello Mr Armstrong, just want to share with you an interview today with Mr Draghi in the Dutch newspaper ‘De Telegraaf’ (June 21st 2014). I had google translated the text but made some modifications here and there. Hope you can still understand it. Draghi wants more power to Brussels, that’s quite clear from the […]

In London, buses will start in July accepting cards only – no more cash. Currency Exchanges are now offering cards instead of cash that they market as being safer in travel.  In Manchester, all the shops on Chorlton Street will no longer accept cash – only cards. This is a test to see if society […]

The head of the Bank of England, Mark Carney delivered a speech at the “Lord Mayor’s Banquet” in London’s financial district with the surprise announcement of an interest rate reversal. United Kingdom This is a departure from the policy of the ECB. Primarily, the British economy was saved by staying out of the Euro. The significant […]

Former IRS official Lois Lerner invoked her Fifth Amendment right against self-incrimination at a congressional hearing in March, something courts have done away with in the corporate world saying that applies to individuals, not corporations. How working for government is not also an artificial entity rather than a person is beyond me. She should have no such […]

I previously reported that our sources were reporting that central banks were starting to buy shares to diversify their reserves. All of our sources in Asia and Europe have been reporting this trend. So while the talking heads keep preaching the crash and sell equities, the retail market may not be buying this market yet […]

COMMENT:  Mr. Armstrong Your statements about having to crash and burn were borne out by the recent election in Ontario Canada where the Liberals, admittedly one of the most corrupt governments in Canada, having doubled the deficit in about 11 years, were handed a majority government because they promised the moon to everyone, including no […]

It is really beyond me that whether we are talking about people who commit crimes, terrorists, or just reporting statistics and accounting, those in government just can NEVER tell the truth and quite frankly there is NO controlling mechanism to ensure they will ever tell the truth. It is a criminal offense to lie to […]

  Gold began the bounce on target but we need a daily closing ABOVE 1295 to suggest any further upside pressure. The low was on June 2nd so technically we have fulfilled the first target in time for a June seasonal low. We would need a weekly closing above 1355 to really suggest a brief […]

The Euro is caving in after the elections. Those in the money know this is doomed. This will help to give a bid temporarily to gold and the dollar. For as people have been pitching that the dollar will decline and gold will rise is purely a domestic view point. The international view point is […]

What the ECB has done is the first time a central bank has gone NEGATIVE to try to force people to spend. There have been NEGATIVE interest rates in a quasi situation with attempts to support a currency peg. This has been the case in Denmark. We also saw rates collapse in Switzerland when the […]