QUESTION: Does Europe have the same cultural differences that the United States has between regions? ANSWER: Absolutely. This is part of the problem that we face for as the economy gets worse, those cultural differences will be the source of political unrest and fragmentation. If you look at the nations of the former Soviet Union, […]

The Euro officially began trading January 1st, 1999. That was an eventful year for its also marked the low in Gold. Now at the pre-Christmas Euro summit, the mood was rather grim and even Merkel is wondering if the Euro will survive. The Euro should seriously crack 17.2 years from its birth and that would […]

GREETINGS FROM EUROPE WHO CELEBRATE CHRISTMAS But thanks to ALL POLITICIANS NOW CELEBRATE AS IN THE PICTURE LONG LIVE DEMOCRACY   LONG LIVE POLITICIANS

QUESTION:  Buenos días Señor Armstrong, Gracias por la información del Blog, y la visión de la economía. Mi pregunta como ciudadano de un país europeo, España, como se publico en distintos medios europeos el proyecto que tiene el FMI de robar de los depósitos en bancos a todos los ciudadanos de los países con problemas […]

Nothing has changed with the Euro v the dollar. We are waiting for the turn in 2014 and that remains in place. In order to set the stage for the worst of the worst, we need to move to extremes in both directions. Economically, Europe is a disaster. You typically have the currency rise in […]

  The Euro has simply remained within the reversals holding the 12950 level on the downside and 14700 on the upside. A closing for year-end above 13588 will signal that we still should see the deflationary rally continue into early 2014.  The ideal turning point remains 2014 with Panic Cycles coming in 2016.   Here […]

The Noble Economist who once support the Euro has reversed himself and come out stating what I have been pointing out.  Christopher Pissarides has come out and stated that the Euro has created a “lost generation” as reported in the Telegraph. The problem we have is the self-interest. The whole creation of the Euro has […]

QUESTION: Dear Mr. Armstrong, You have not reported on the sinking Dollar for a while. Is this just one of the phases of competitive devaluation between the majors  with the US selling  or is it China liquidating.  With the Euro in a mess, the Swiss banks cracking and the $ falling where is the sense of it all and […]

The Middle East is planning to form their own monetary union with a single currency pegged to the dollar – not the euro.The states of Saudi Arabia, Qatar, Bahrain and Kuwait are planning a new single currency as members of the Gulf Cooperation Council.The new currency will be pegged to the U.S. dollar rejecting the […]

The Euro-savior Wolfgang Schäuble and Jean-Claude Juncker could soon be the most important bank directors in Europe. They want a Superbank that has the last word over all of Europe and direct access to taxes if there is a crash. This is the very place they said the Euro would not go. It was why […]