In 1997, Robert Rubin was once again trying to influence the currency markets by talking the dollar down to reduce the trade deficit with Japan. The volatility was rising as this policy created a 6 week crash in the dollar. However, this set the stage for the Asian Currency Crisis which began immediately thereafter in […]

One of the greatest monetary experiments in financial history has been the global central bank buying of government debt. This has been touted as a form of “money printing” that was supposed to produce hyperinflation, which never materialized as predicted by the perpetual pessimists. Nevertheless, the total amount of Quantitative Easing (QE) adding up the […]

Japan was the major mover in Asian trade that followed the sentiment set by the afternoons reversal in US stocks. The Nikkei fell around 1.4%. The yen traded back to previous highs as again it was pushing against the 110 resistance level. Shanghai continued its run after the long weekend, eventually closing +0.35 higher again. […]

It was all reverse today with the DXY trading above par, the JPY back into mid 111’s, and stocks all negative after the BREXIT concerns were claimed. Asian investors, like many Western investors, continue to look for safe-havens as the geopolitical landscape looks increasingly uncertain. Stocks lost ground today with all core down around -0.75%, […]

QUESTION: Marty, it is well known here in Britain that you advised Thatcher of course, but it was John Major you advised and even wrote what he said during the pound crisis and the Soros attack. Would you ever like to comment on that in public about what really happened during that crisis. The press will […]

Another quiet trading session for Asia resulting in mixed signals with little headway made. All core markets closed within 0.10% of their previous close. China Industrial production rose (6.3% while estimate were 6.2%) for the first couple of this year but were disappointed as Retail Sales released at 9.5% against an expected 10.5%. The BOJ will […]

  Europe could become the site of a new global war in the East as tensions build there against refugees and the economic decline fosters old wounds. The EU is deeply divided over the refugee issue and thus it is fueling its own demise and has failed to be a stabilizing force. After five days of […]

Anyone who questions that this is a battle to the death should read “From Under the Rubble.” Alexander Solzhenitsyn and six dissident colleagues, Mikhail Agursky, Evgeny Barabanov, Vadim Borisov, F. Korsakov, A.B., and Igor Shafarevich, risked their lives to write this book while they were still living in the USSR. These brave men joined in the […]

QUESTION: Marty; You have been emphasizing not to buy gold bullion but US gold coins such as the $20. You have said that the last time they confiscated gold coin collections were exempt. With the drastic action in India, and the war on currency in Turkey, is this why you have said stocks and collectibles […]

QUESTION: Marty; You said Syria was the focal point for this ECM wave and the target for the beginning of World War III. I read your piece on Syria and the issue of religion rising from this single spot. I find it extraordinary how you can pick specific places like Ukraine and Syria long before […]