Although we await US President Trump’s Iran Nuclear address later this afternoon, Asian markets still closed better bid across the boards. Most of this was associated to the regional currency declines, but we did see some markets that performed. In Hong Kong the Hang Seng opened over 1% higher and continued to make progress for […]

QUESTION: You models called for a rally in the pound sterling into April and it seems like that is spot on. We did bounce off of the 144 level.  In your year-end report, you said the resistance in the pound for 2018 was at the 14500-14600 level throughout 2018. Living here in Britain, I really […]

The US sanctions against Russia are pointless and are placing the West at risk the politicians are too stupid to even comprehend. Already, some Russian companies have asked the government for liquidity injections of up to $2 billion. Even the world’s second-largest aluminum producer Rusal has asked for help. Nevertheless, the impact of sanctions goes […]

  Of course, nobody comes close to the United States on military spending. Nonetheless, India has now surpassed France bumping it from the list of the big five military spenders. Many believe this is the policy because of the rise of China. But it is also because of Pakistan. War has changed, but countries are […]

COMMENT: I saw you in front of the Bank of England. Then within a matter of days, the pound crashes. You may not be a household name but you are in the circles that matter. So did you orchestrate the reverse trend in the pound? OD REPLY: No! The pound crashed simply because it was on […]

  Argentina has just raised interest rates to 40% trying to support the currency. I have explained many times that interest rates follow a BELL-CURVE and by no means are they linear. This is one of the huge problems behind attempts by central banks to manipulate the economy by impacting demand-side economics. Raising interest rates […]

QUESTION: You said the US had a two-tier monetary system under Bretton Woods. Can you explain that one, please? DHJ ANSWER: When Roosevelt confiscated gold, he created, in reality, a two-tier monetary system quite frankly as the medieval city of Florence. The Great Financial Panic of 1344 was when the value of silver rose dramatically blowing […]

  The report is out on the claimed Trump collusion with Putin to defeat Hillary. All it did was criticize some members of Trump’s team for meeting with Russians at Trump Tower who claimed to have dirt on Hillary which was a ruse just to get a meeting. What they were trying to do was explain […]

The Nikkei traded nervously today ahead of the FED and US NFP’s, but knowing it is closed the rest of the week (Golden Week holidays). Some of the exporters did manage to edge ahead but gains were very limited. The overall trend appeared heavy all be it lethargic, but we are watching the Yen trade […]

  QUESTION: Mr. Armstrong; I was discussing the history of money with a professor at our university where they have a display of coins. I asked why were there no Egyptian coins. He referred me to your site and said that you are the expert in the world monetary system. I read your piece on the […]