The European banking crisis is spreading rapidly. There are now concerns in Italy and in Portugal as well. The ECB cannot even understand why people would not want to keep their money in banks with negative rates. They are simply incapable of managing the economy. The ECB is bringing Europe to the brink of a […]

In Ansbach, Bavaria, there was apparently a bomb attack on Sunday. The Bavarian interior ministry told Reuters, “At present we stand, it is not an accident.” It summarized the evidence that it was a “deliberately provoked explosion.” This bombing followed the horrific attack on two men from Hong Kong on a passenger train in southern […]

QUESTION: Mr. Armstrong, why are Italian banks in worse shape than most other countries. What happened to the bail-in program of the ECB? Can you explain why Italy is threatening the entire banking system of Europe? ANSWER: The bail-in policy of the IMF and ECB was directed at the idea that the rich would pay, […]

(Note: The blue labels mark the change in the issues we used to create this perpetual index for long bonds) Germany sold 10-year debt at a negative yield on Wednesday of last week, becoming the first Eurozone nation to do so and setting a further milestone in the relentless fall of government bond yields around […]

Angela Merkel has finally admitted that she essentially invited terrorists into Germany, and thus to Europe, in the obvious wake of the Nice attack. Besides security, this will have a major impact upon the economy of Europe as tourists are frightened away. Even prior to the Nice attack, the US State Department put out a travel alert for Americans […]

Just the other day, Patrick Calvar, head of the General Directorate for Internal Security (DGSI), France’s equivalent of MI5 or the CIA, warned that in the aftermath of last year’s terrorist attacks on Paris, any further Islamic attacks might lead to a new French civil war. The total French population is 63.9 million people of which almost 10% […]

Germany’s obsession with anti-inflation policies, inspired by the hyperinflation of the 1920s, is so misguided that it is now threatening to collapse all of Europe. Former ECB banker Lorenzo Bini Smaghi has now called to rescue the Italian banks with European taxpayers’ money. He is correct in warning that the insistence of Germany on the prohibition […]

  We are looking at the collapse of Europe unfold much faster than anyone suspected. I have been warning that the Continental EU banks are in serious trouble. The negative interest rates have devastated Europe. While trying to stimulate borrowers who are not interested without an opportunity to make money, the ECB has wiped out […]

QUESTION: Dear Mr Armstrong. I attended the Berlin conference and already enrolled for Orlando as well. I have a question regarding the EURO. It is obvious that the EU cannot be sustained as is. I think, so far, I do understand the decline of the EURO. We see it happen. But Germany and France are vigorously […]

The euro closed for June on the cash feed at 11095, which was just a hair under the May low of 11098. This is not a Reversal, but merely a technical indication of weakness. Support during July lies at the 10880-10810 area, and resistance begins at 11220 and 11440 with the major technical resistance way […]