Showing 2869 Results for dollar
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Showing 2869 Results for dollar
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July 24, 2020
A reader sent in this photo that was posted at the head office branch of Bank of Montreal in Vancouver, which is one of the largest banks in Canada. This is a trend that is beginning to appear around the world. However, central banks are using the virus as an excuse to cut off […]
July 22, 2020
ASIA: The US has ordered China to close its consulate in Houston, Texas, by Friday — a move described as “political provocation” by Beijing. US Secretary of State Mike Pompeo said the decision was taken because China was “stealing” intellectual property. China’s foreign ministry condemned the move on Twitter, saying its embassy in Washington had […]
July 20, 2020
ASIA: China is considering retaliating against the Chinese operations of two major European telecommunication-equipment manufacturers, Nokia Corp. and Ericsson AB, should European Union members follow the lead of the US and UK in barring China’s Huawei Technologies Co. from 5G networks, a major online news agency reported. China’s Ministry of Commerce is mulling export controls […]
July 20, 2020
The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000 or more (US$7,000). […]
July 10, 2020
QUESTION: Dear Martin, Thank you for your commitment to helping others through this unsettling time. Long before I found you, I was fascinated with the capital markets and historical financial crashes, in particular. I spent many years on Wall Street (and LaSalle ST) building and marketing trading systems for the listed options industry. Through the numerous […]
July 7, 2020
QUESTION: Marty, a friend attended one of your conferences back in 1987 and you compared the Soviet and Roosevelt monetary systems. I searched your site to see if I could find that without success. Can you detail that subject again? Thank you PN ANSWER: Those in power right now are ACTUALLY looking at Soviet Russia’s economic […]
July 4, 2020
COMMENT: Martin, There was an emergency virtual meeting of the Texas Republican Executive Committee last night after Governor Abbott signed an executive order requiring masks and social distancing, and banning assemblies of more than 10 people. After nearly three hours of babbling, someone finally called the question, and the executive committee voted to hold the convention […]
June 30, 2020
COMMENT: Facing a vicious circle of conflicting demands and priorities, the California Public Employees Retirement System is turning to debt – a risky scheme to borrow billions of dollars in hopes of juicing its investment returns. The California Public Employees Retirement System, the nation’s largest pension trust, benefited greatly from the runup in stocks and […]
June 25, 2020
ASIA: Economists don’t see the US and China reaching phase two of the trade deal anytime soon, and have warned that continued tensions and tariff threats could stunt the much-needed economic recovery from the coronavirus shutdowns. Phase one of the deal was signed in January, pausing the trade war that had been raging for […]
June 19, 2020
ASIA: Donald Trump has renewed his threat to cut ties with China, a day after his diplomats held high-level talks with Beijing and his top US trade negotiator said severing the trade relationship was not a viable option. The US response came as Washington questioned China’s credibility on accurately reporting the new Covid-19 cluster in […]