Goldman Sachs has been sued for $510 million in New York State Court, which is at least more viable than federal court. The case is Primus Pacific Partners I LP v Goldman Sachs Group Inc et al, New York State Supreme Court, New York County, No. 653885/2016. A shareholder of one of its former clients is suing […]

QUESTION: Hello Martin, If i have exposure to various banking counterparties in europe – what do i do from running a fund mgmt business as i m a bearish on banks….but i cant shut my business as i m fearful of banks…..what do you advise….how can one hedge or think about getting away from this […]

QUESTION: Marty; I see these people ranting about Trump and how outraged they are. They seem to have no problem with the outrageous amount of lies Hillary has carried out or the fact that the bankers only donated to Hillary. They seem to be mindless and beyond rational claiming he is proposing that we build a wall […]

The US Department of Justice has arrested Mark Johnson, who was the global head of foreign exchange trading at HSBC, and a former colleague, Stuart Scott. The two traders were accused by the US government of using inside information to profit from a $3.5bn currency deal. Of course, inside trading only is a crime in […]

QUESTION: Mr. Armstrong, why are Italian banks in worse shape than most other countries. What happened to the bail-in program of the ECB? Can you explain why Italy is threatening the entire banking system of Europe? ANSWER: The bail-in policy of the IMF and ECB was directed at the idea that the rich would pay, […]

Angela Merkel has finally admitted that she essentially invited terrorists into Germany, and thus to Europe, in the obvious wake of the Nice attack. Besides security, this will have a major impact upon the economy of Europe as tourists are frightened away. Even prior to the Nice attack, the US State Department put out a travel alert for Americans […]

QUESTION: Mr. Armstrong; The taxation of the internet seems to be rising. At the same time it appears as though this could really harm the economy by reducing competitiveness of small companies trying to comply with collecting taxes of so many different states. Have you looked at this as a possible factor in creating the […]

The State Department blew everyone away after admitting that they officially and intentionally deleted several minutes of video footage from a 2013 press briefing to mislead the press over the Iranian nuclear deal.  Those in power are all about just them. They are constantly showing that they cannot be trusted on anything. Yet, we are risking the lives of our […]

Since the publication of the Panama Papers, the assets of the wealthy from around the world have been flowing into United States at a sharply increased pace. Tracking capital flows has revealed that capital outflows of liquidity from the EU have distinctly accelerated. The United States is definitively becoming the replacement for Switzerland. The IRS has even […]

To indict someone, the criteria is supposed to be “intent.” Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything. Comey also stated that Hillary’s lawyers erased her emails using a keyword search program and they did not “read” the emails. He added that he would not recommend charges against Hillary […]