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 […]

Politicians never get enough and never tell the truth. Perhaps they are right and can fool the people in general. Expect this move soon in your country. They are pretending they need to grab every phone call, text, and email for terrorism when in fact they are hunting money. So what do you do when […]

The French elite are now calling for a German exit from the euro as a solution since the rest of them are heading into Marxist la-la land. The Greek crisis has set in motion severe strains within the EU economy, far worse than the press or the politicians are willing to admit. The French elites see only two possibilities: there […]

German Federal Finance Minister, Wolfgang Schäuble, envisions that the Euroland has to assume control to relieve the local politicians of the need to raise taxes further. Apparently, Wolfgang Schäuble plans for a euro tax and German money would then flow directly to Brussels. The more Euroland fails, the more power they take in an attempt […]