Russia is responding by raising energy costs to Europe and throwing out all US auditing and financial companies in the country. The deputies of the Duma have already brought a law on the way to be voted on. Among the affected companies, Deloitte, KPMG, Ernst & Young LLP, PricewaterhouseCoopers LLP, Boston Consulting Group Inc. and McKinsey & […]

Argentina is moving into default and they could trigger bondholder claims between $25 to $30 billion. This is an amount equal to all its foreign-currency reserves. True,  if overdue interest on Argentina’s dollar-denominated debt due 2033 is not paid by July 30, then provisions in bonds known as cross-default clauses would allow the nation’s other debt […]

The latest headline to appear in the German Press – “Putin confidant: There will be war in Europe” Indeed, our own back-door channels are red hot. It seems many people are well aware of our model on the Cycle of War and have been lighting up my phone. I knew people always wanted to know […]

The European Central Bank is so out of touch with the economy it is frieghtening. They see that they have a range of options to consider including negative interest rates. What they do not grasp is that people will not invest and start businesses simply because interest rates are too high. The people must see […]

  Every single brief uptick and they come running out of the closet and start all over again – sell everything you own and buy gold. We will be releasing the Special Report on metals next week after we get this monthly closing. So far, it still appears that gold could extend this present bear […]

US and EU are ready to impose new sanctions against Russia furthering the new cold war and raising the stakes for this turning hot. The U.S. and EU are looking to place tougher sanctions on Russia aimed at the finance, defense and energy sectors of the country’s economy. The EU, which is highly dependent on Russia’s energy […]

China has raided the offices of Microsoft escalating the ban on Windows 8 even further. At what point will the technology companies stand-up and demand the NSA has its wings clipped? People can claim this is just political blow-back from China, but sorry, even NASA dumped Windows 8 simply stating it is not secure. The NSA […]

The battle of class warfare has been raging for thousands of years. This is nothing new and it has tended to end is sheer disaster without exception. Basil II (b 958; 976–1025) really set the decline and fall of the Byzantine Empire in motion by engaging in such class-warfare to win popularity. Just as government desperately needs money […]

QUESTION: Mr. Armstrong; Are we watching the central banks trying to manipulate capital flows as they did in 1927 but reverse with European rates down and America up? I believe you are saying this is the case because Europe is in a major economic implosion. I am correct in this assessment? Thank you from Europe […]

  Greenspan says bubbles can’t be stopped without ‘crunch’ Stockman: C’mon Alan! Bubbles Are Caused By Central Bankers, Not “Human Nature David Stockman is clearly still a politician who blames central bankers to the point he is just way out of touch. Stockman fails to even understand the global capital flows and harps on 1987 […]