It is being called Black Thursday. There was a tremendous natural short-position in the Swiss franc with all the people who borrowed Swiss to save on interest rates. True they saved interest. In return, they gained a 30% loss in currency. This natural short position from borrowing Swiss impacts mortgages in Britain down to […]

  The problem with the Euro has been the secret design to federalize Europe. It is one thing to create a central government for the major issues of international cooperation and defense and another when you try to create centralized control over everything. The demise of the USA is also in the cards because of […]

On September 6th, 2011 the Swiss National Bank (SNB) was aiming for a substantial and sustained weakening of the Swiss franc after Swiss companies threatened to leave because the rising franc reduced their exports. The SNB would no longer tolerate a EUR/CHF  exchange rate below the minimum rate of CHF 1.20. The SNB set out to […]

The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end […]

Over the past three years, I have received countless emails about how I am wrong and if it were not for me commodities would rise. These nasty comments are typical from someone who wishes to live in denial and pretend that their OPINION is correct and that the world is wrong – never them. My […]

OPEC is really dead. These countries have been expanding their budgets assuming oil will only rise. Therefore, they now need the money and will increase production to meet the budget requirements. The UAE confirmed that OPEC will no longer move to shore up crude prices. The UAE instead said that the rising North American shale […]

QUESTION: Mr. Armstrong, I suppose I am a goldbug. I believe gold will be the answer and disagree with you advising people to be cautious about buying gold bullion. Gold has historically carried the day. I believe gold bullion is the way to the future. Why do you not see that reality? ANSWER: Perhaps you […]

COMMENT: Mr. Armstrong, Your staff have told us you do not pay attention to what other analysts say because you are always too busy. I just wanted to say once again you are the only person who has been right about the dollar. The vast majority of the analysis out there has been dead wrong […]

In France, retaliation have unfolded with civil unrest striking back with attacks on three mosques. In another French city, a homemade bomb exploded in the vicinity of a mosque which destroyed the facade of a church. In Montrouge a police officer was killed by an unknown assailant. The terror attacks in France are warning that the downturn […]

The Islamic Radical attack on Charlie Hebdo, the satirical weekly magazine in France, has illustrated that we are entering this new age of the cycle of war thyat has engulfed civil unrest. Charlie Hebdo has courted controversy in the past with its irreverent take on news and current affairs. It was firebombed in November 2011 […]