This entire experiment with the Euro is literally going down in flame.

  We warned that the Dow was not going to blast out to the upside and we saw a sideways to consolidating trend into May. Nothing has really changed and as you can see from our Energy Models, we have indeed been in a declining phase. Technically, the Dow is coming back to key support. […]

Perhaps the strangest opening ever has marked the ECB in Frankfurt, Germany. The opening of the new, paid by the taxpayer office tower of the ECB, is accompanied by tanks and a military force to protect bankers. Whoever ventured on the road to the east of the city since Monday have to believe the Romans were […]

COMMENT: Mr. Armstrong, The insanity continues apace. This is moving towards being beyond belief: http://tinyurl.com/m88osaz Regards, Niall. ps – just bought some tickets for the London showing of ‘The Forecaster’ on March 28th. Looking forward to it very much… REPLY:  As long as you are not a NY Banker, you should like the film. Most […]

QUESTION: You have said that we are in the middle of a shift in the economy similar to the Great Depression where agriculture crashed from 40% to 3% and this time it is government and technology. It seems that your warning of also moving to an electronic currency fits with your new age of skilled […]

QUESTION: Do you really think austerity can come to the USA? ANSWER: No. However, that is the issue which is likely to split the Republican Party for 2016. That is why the Solution cannot be simply cutting taxes or raising taxes. Obama raised taxes so far by more than $2 trillion and he is asking […]

QUESTION: “You do not see the stock market peak with the bottom in rates. That has NEVER happened even once”. So the new highs in the global stock markets are not due to the zero or negative interest rates and these are not the peaks, yet? The peaks will happen when rates rise (bonds collapse) and money flows […]

QUESTION: Marty, Would nations still issue debt in the reserve currency or their local currency? If countries issued debt in the reserve currency, wouldn’t that be the same problem you have pointed out with the euro? You have made it clear that debt is the great destroyer of civilization. It seems that this is the […]

QUESTION: Mr. Armstrong People seem to just equate any non commodity form of money as being fiat. But fiat means a value dictated by government. There seems to be a foot-loose use of the word fiat to the point I am not sure what people are yelling about. Bitcoin fluctuates wildly so where is the […]

How Did The US Markets Respond During Watergate? by Martin A. Armstrong The effect of public confidence upon capital markets is one issue that has gone largely ignored for decades. In our August 8th, 1994 edition of the Princeton World Report, we provided a study of gold dating back to 1721. Every major rally in gold was […]