QUESTION: The invasion of children from the Mexican perspective is to have a better life. The U.S. perspective is all these people do not pay taxes and take jobs. Is this common throughout history? ANSWER:  The Mexicans are not coming here because of taxes but for OPPORTUNITY. Americans are complaining they do not pay taxes and […]

The Euro is caving in after the elections. Those in the money know this is doomed. This will help to give a bid temporarily to gold and the dollar. For as people have been pitching that the dollar will decline and gold will rise is purely a domestic view point. The international view point is […]

The IMF warns against financial problems in the Swedish economy. The government needs to urgently curb private debt home buying warns the IMF. If the property prices fall, Sweden threaten economic turmoil. The recent data indicate that household debt ratios are high across all income groups. However, indebtedness among the lower-income households are generally more vulnerable to […]

The War Cycle is doing what it was intended to do. I have warned that this is going to be much worse that the previous cycles building in intensity and broadening to a global perspective. It appears that the economic decline and abuse of government has led to massive tension and this will be manifest […]

I have been warning that there will be no solution without a massive debt default. This is simply the way it has historically always gone down. Public debt, which is strangely considered quality, has been actually the worst that can possibly exist. Simply stated, no government has ever paid its debt except the single exception […]

Chancellor George Osborne in Britain said he is going to announce a crack down on banks and traders. The jig is up as they say.turned. These measures are reported to include making the manipulation of the foreign currency markets by banks a criminal offence. In his annual Mansion House speech, Mr Osborne will pledge the extension […]

In Turkey,  the government has called for an emergency meeting of NATO to discuss the security crisis that is brewing in Iraq. Islamic militants took 80 Turkish citizens hostage during an advance overrunning the city of Tikrit. They have shut down Iraq’s biggest oil refinery. The result of the US invasion of Iraq may have […]

The House Majority Republican Leader Eric Cantor of Virginia, a 7-term Congressman, lost to a Tea Party challenger on Tuesday even after spending $5 million to try to bullshit the people. Despite the celebration on the Democratic side assuming this is really a victory for them, the true message remains this is a blow to politics […]

QUESTION: Mr. Armstrong; Thank you so much for taking the time to explain what is often complex subjects in a common sense manner. You seem to be more concerned about deflation than inflation and I can see how this obsession with raising taxes is very deflationary. My family’s healthcare costs have more than doubled under […]

  Behind the fall of Communism are some very interesting trends that are not understood very well in the West. The stark difference between Russia and China was the attitude toward the people. In Russia, Stalin was paranoid about what was in people’s minds. In China, it was the tall poppy syndrome – as long […]