ASIA: China dismissed ‘external’ rumors about the progression of the US-China trade deal, a Chinese ministry spokesperson has said. Reuters reported that the well anticipated “phase 1” of the deal may not be completed this year, as there are more demands from both sides. The US passed a legislation that will require the US to […]

QUESTION: The Fed buying $60 billion in T-Bills each month is obviously not long-term QE. They are expanding their balance sheet, but this is clearly not the QE as before. As a professional institution we can see the difference. Would you elaborate on the difference? FH ANSWER: The Fed is buying $60 billion of Treasury bills […]

One of the reasons North Korea has such a large army is not patriotism. Those in the army are fed before everyone else. North Korea has always had a major problem — growing food. From a timing perspective, 72 years from the birth of the 38th parallel brought us to 2017. The War Cycle involving […]

ASIA: A lot of pessimism in the news today regarding the US and China trade deal, with agricultural and concerns over intellectual property being the main sticking points. In addition to this, China came out with a bold statement for the US to stop flexing its muscles in the South China Sea in a separate […]

QUESTION: Mr. Armstrong; First I want to thank you for your conference. It was my first time and I was impressed when your daughter asked how many people attended prior sessions. The number of people standing beyond 10 years was impressive. I spoke with one who had been at your 1987 WEC. He said you […]

ASIA: China is trying to implement a digital currency and be the first in the world to do so. “We know the demand from the general public is to keep anonymity by using paper money and coins…We will give those people who demand it anonymity in their transactions,” Mu Changchun, head of the People’s Bank of […]

ASIA: The Chinese Community Party has responded to US Secretary of State Mike Pompeo’s attack that claimed China is too focused on international domination and needs to be confronted. The CCP stated that his comments were extremely dangerous and exposed his sinister intentions. “Pompeo is splitting apart and setting in antagonism against each other the Chinese […]

  QUESTION: Dear Mr. Armstrong, Can you please explain how the Contado con Liquidacion exchange rate works in Argentina? It’s now at around 80 pesos per dollar, while the official rate is 58.37. Is it possible for the average person living in Argentina to get the Contado exchange rate? Also, do you have any advice […]

The Federal Reserve, as expected, cut rates a quarter-point. The Fed also warned that further moves to ease interest rate policy may be coming to an end. The rate cut of 25 basis points to a range of 1.5% to 1.75% has been the third cut this year, which Fed Chairman Powell characterized as a […]

During the last Mortgaged Backed Security scandal which undermined the entire world economy, they created mortgage modifications which enabled millions of delinquent homeowners to avoid having their home foreclosed. Since 2007, it has been estimated that some 8.7 million permanent mortgage modifications were created. There are still over $800 billion of these bubble-era loans outstanding. […]