QUESTION: Martin, An all electronic currency seems almost inevitable to some, however as you have stated in the past not everyone ha the ability/facility to transact solely electronically. With cash being anything which is agreed the most marketable asset, wouldn’t the people of Europe just transact in another form of cash (USD, gold, silver […]

Advice for Europeans: you should open an account in the United States as your hedge against European banking madness. Europeans can still open accounts in the USA, but Americans cannot open accounts in Europe. This should be the best bet until 2020. Switzerland still has approved bail-ins. Canada is not altogether great either. In Britain, […]

QUESTION: Mr. Armstrong, You have been nominated for the FX analyst of the year in 2016 again. True, your calls on the Euro and the Swiss peg were amazing. But what has fascinated me even more is you also forecast that the Schengen Agreement would come to an end before the refugee crisis. Can you […]

QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin? ANSWER: We cannot comment on if the OECD is following […]

We will post a 35-minute video update to the World Economic forum (see “Helpful Video” thread) that will cover key markets. We have warned that January looked like a correction all around. Wall Street rallied after a hesitant start on Thursday as oil prices led the way after surging with a big gain. ECB President […]

The Cologne police are now defending themselves after revealing that they brought the problem of the refugees to Mayor Reker. Politicians are simply trying to cover up their mistakes at the expense of increasing the danger to the citizens of Europe and particularly Germany. I personally know one refugee in a camp who was from the […]

I have warned that 2017 will be the political year from hell. What I am illustrating here is the link between a sovereign debt crisis and the Revolutionary Cycle. In 1933, Roosevelt came to power in the USA and turned the country toward socialism. That same year, 1933, brought Hitler and Mao to power. So 1934 […]

  Last October, Poland’s opposition Law and Justice Party won the election with 37.6% of the vote, which was enough for it to govern alone. Law and Justice is a conservative Eurosceptic party led by Jaroslaw Kaczynski. Law and Justice has very strong support in poorer, rural areas. When I was in Poland, in all of my meetings, there was unprecedented rejection to joining […]

Last October, Poland’s opposition Law and Justice Party won the election with 37.6% of the vote, which was enough for it to govern alone. Law and Justice is a conservative Eurosceptic party led by Jaroslaw Kaczynski. Law and Justice has very strong support in poorer, rural areas. When I was in Poland, in all of my meetings, there was unprecedented rejection to joining the […]

The banks of Hungary and Portugal are in trouble. Larger buffers are needed and the economy has not yet moved into a full crisis mode. That is yet to come.