In the Austrian town of Reichenfels in Carinthia, the refugees have protested and their abuse of water has led to rationing water for the entire town. The refugee crisis is brewing and it is not going to go very well when winter comes in. In Dresden, there is no space left and the government has said that […]

  The major underlying trend worldwide is (1) whoever was in is now out, and (2) people will always turn against immigrants when the economy turns south. In Switzerland, we saw a turn to the right away from immigration. This will be the trend to emerge throughout Europe, especially in Germany. Canada turned left against […]

The European Court of Justice struck down the treaty that allowed U.S. companies to send data on Europeans to America, reported the Telegraph. Facebook, Google, and many other U.S. companies can now be barred from transferring private information to the U.S. if it concerns European citizens. The high court has struck down a 15-year-old data […]

Deutsche Bank warns investors it will post nearly a $7 billion loss for the 3rd quarter alone. This is a staggering loss on a quarterly basis.

In response to the refugee crisis, the German city of Hamburg has enacted a new law that will enable the government to seize vacant commercial properties to provide temporary housing for refugees. The law will go into effect next and will last until March 2017. Despite the additional measures, many refugees will die of exposure […]

QUESTION: Do you think they will allow Deutsche Bank to fail? ANSWER: This is why the central bank of Germany advised the ECB to hide the stress test results from the public. This is, at least in part, why the Fed did not raise rates at this moment. There is serious trouble on the horizon. They cannot prevent […]

Question: What is your analysis of the recent migrant crisis in the the Middle East and Europe? Is this the death knell for European Civilization demographically, socially and politically? To me it appears to have parallels to the 3rd and 4th Century Roman Empire when tribes like the Goths first came as migrants fleeing the Huns and ended up […]

The man whose idea gave life to the euro, Professor Otmar Issing, said it would be “dangerous” to transfer control over tax and spending to the EU federal level before a full political union has been established on democratic foundations. This is the problem with his idea. He only saw that the dollar was the strength of the USA […]

In the Eurozone, Mario Draghi has announced that his quantitative easing has failed to produce inflation as everyone assumed. After nine months of buying various government debt, the economy is still contracting and their inflated inflation numbers are coming in at .01%. Draghi has announced that they will now buy 33% of government debt issues, […]

QUESTION: Mr. Armstrong; In Munich, you said the US share market had peaked in euros and the low looked to be in August. Is that view still on track? WG ANSWER: Yes. When you plot the Dow in euros, the high was March, not May, as it was in dollars. This suggested that August would […]