QUESTION: Mr. Armstrong; The French have never been real supporters of America and NATO. They have always wanted to be seen as a world power since Charles DeGaul. What is your view on Macron’s answer to Trump’s demand that they pay their fair share of NATO to turn to Russia? JE ANSWER: The French President […]

PRIVATE BLOG – Turkey Crisis Broadens to Europe & Euro Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/

Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds […]

Erdogan is shifting to Russia already. He will abandon the West all to retain power. Turkey was the critical lynch-pin for emerging markets. Many foolish banks ran to buy Turkey’s debt because they could earn 20% interest. The currency has fallen 25% in two days. We are looking at European banks taking major losses on […]

The Magnitsky Act Behind the Scenes has been pulled from everywhere. You do not ban a film in Europe and the United States if it is wrong. This is perhaps a huge cover-up that goes really beyond comprehension. The film was funded by ZDF TV in Europe and they have the power to prevent it from […]

European banks have been lending in the United States quiet aggressively because (1) the economy is doing good so there is a demand for loans contrary to Europe, and (2) the behind the curtain view that the euro will decline and the dollar will rise. During the first half of 2017, European banks have lent […]

QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I was wondering do you have any forecast for the next […]

QUESTION: Mr. Armstrong; You have obviously been correct on the Euro. You even called the bounce but it stopped at 1.2550 and did not reach your ideal target of 1.28. You are saying that interest rates in Europe are more likely to rise faster than the ECB predicts. The French central banker Francois Villeroy de Galhau […]

PRIVATE BLOG – Euro for Close 2nd Q 2018 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.