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, […]

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 […]

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 […]

We can see that the green uptrend line has been penetrated previously on this decline. Nevertheless, the euro is unable to rally beyond that 116 level where it elected the Yearly Bearish Reversal at year-end. So people have been impatient and expect instantaneous moves despite the fact we warned the euro had to go back […]

QUESTION: Mr. Armstrong, I attended the Berlin Conference. I must say, I am impressed. You said Europe was the problem and this is still unfolding with every passing day. I understand this was not you personally. This is the computer. It can really project the future long term. That is what you were forecasting. I […]

QUESTION: Mr. Armstrong; I was skeptical at the Berlin WEC, but your forecast is coming in and nobody else called this. It was the most amazing conference I ever attended. A friend who left skeptical said he bought his ticket to this year’s WEC. It looks like Disney for the family and the WEC for […]

“There’s no way around it: today is a watershed for Europe and the European unity process,” Merkel admitted. Of course, people like Schulz are the entire problem. His arrogance ensures the demise of Europe. He had the audacity to say that there was “no chain reaction” after BREXIT. Once a politician makes a decision, they will […]