QUESTION: Mr. Armstrong, you said when you were here in Berlin that the EU Commission is about as incompetent as the US Congress. You also said Macron is trying to federalize Europe as the solution Could you elaborate on that comment? ANSWER: The EU Commission at present is composed of 28 Commissioners, who must always ensure […]

QUESTION: Marty; There is talk that Britain will join NAFTA rather than the EU. Does that make sense? What do you think? ANSWER: The EU is in a death spiral. Every law they pass is to preserve their own power – not for the good of the people or Europe. Once again, the government solution always […]

The European banking crisis is still brewing. The biggest problem rises from the rules that if a bank is in trouble, they just seize the bank and sell it for €1 and all the shareholders lose everything. This is having serious impact upon the European Banking System as a whole as I previously warned. The Italian […]

Prime Minister Teresa May has walked into a hornet’s nest. By trying to drag out BREXIT into 2021 or beyond, the European Parliament has responded that it is set to demand that Britain will have to still be subject to all EU regulations and be subordinate to the European Court. That means trading in London will […]

Perhaps this period will be looked back upon as the Draghi Deflation. After nearly 10 years of this failed policy, the European banking industry is contracting on every possible level. The merger of Commerzbank to Merge with French BNP is one possibility. Commerzbank is a takeover candidate or shotgun wedding candidate, for good reasons. Its shares have fallen […]

The German election takes place tomorrow, with Chancellor Angela Merkel the favorite to defend her position against Martin Schulz for a fourth term in power. The AfD will for the first time win seats Bundestag elections. The the union parties and the SPD are losing approval while Merkel’s party, CDU / CSU, polls at just 34%, […]

QUESTION: Dear Mr. Armstrong, I am a long time reader of your blog from India. I am learning about a lot many things about Finance & Economics from your blog, than I learned by going to College. Truly, what is being taught in Academic institutions is far from what actually happens. I am an Investor […]

The clouds have not lifted from the heart of the financial center within the European Union on the continent. The origin of the next crisis is unseen yet in plain view if you care to look. Ten years since the financial crisis of 2007-2009, the core fundamental problems in the banking sector have not yet […]

The terrorist Islamic State (IS) has, according to the London Sunday Times, set up a network of companies in an office in Cradiff (Wales) in Britain which sent military equipment to Spain as well as it is financing terrorist attacks against the West. The Times has included the relevant FBI documents which reveal that surveillance technology […]

Barcelona, one of the most beautiful cities in Europe, was the target of the Islamic State in their latest terrorist attack to kill people on a wholesale basis. Spain has now mounted an all out sweeping anti-terror operation after an Islamist militant drove a van into crowds in Barcelona, killing 13 people and possibly injuring […]