QUESTION: Hi. I do not understand why you keep advocating over and over how the depositors should be bailed out over 250k. It makes no sense from a moral hazard perspective. It is fact that should they do that, in spite of depositors signing agreements acknowledging that deposits over 250k would not be guaranteed, the […]

ASIA: India’s Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4 percent in October-December 2022-23 primarily due to a 1.1 percent contraction in manufacturing, along with weaker private consumption demand and government expenditure, according to data released by the National Statistical Office (NSO) on Tuesday. Slowing from 6.3 percent in July-September and […]

I know we have a lot of people expressing their opinion that the dollar will crash because when the government converts it to digital, it will be like spy wear tracking everything we do. Now you have people running around preaching the dollar will crash any day citing Biden’s Executive Order 14067. However, read it […]

Head of Central Bank Digital Currency HM Treasury Apply before 11:55 pm on Tuesday 7th February 2023 Key Accountabilities The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a UK central bank digital currency (CBDC). This work is important, complex and cross-cutting, and the leadership will […]

ASIA: China’s central bank digital currency (CBDC) project has reached the mark of close to USD 14 billion in transactions during its pilot phase. This makes the digital yuan, the most wildly adopted CBDC in the world. With its first CBDC trials launched in April 2020, China’s central bank has been aiming to eventually replace […]

ASIA:  To stabilize China’s foreign exchange market and support the value of the yuan, the country’s central bank, the People’s Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange […]

ASIA: China announced on Tuesday that its People’s Liberation Army (PLA) would launch a series of targeted military operations on the island in response to House Speaker Nancy Pelosi’s visit to Taiwan and its resolute defense of national sovereignty and territorial integrity. The announcement came shortly after Pelosi landed in Taiwan, the first time in […]

ASIA: India has signed contracts to export about 500,000 tonnes of wheat in recent days, traders said, cashing in on a sharp rally in international prices and signaling a big uptick in overseas sales from the world’s second biggest producer of the grain. Traders said last week they had received inquiries from buyers seeking alternatives […]

Comment: Hello Mr. Armstrong, I hope you will have time to read the following about the situation in Québec and hopefully post it on your blog for the benefit of all. What is going on in the Province of Québec currently is far more serious than the “health tax” brought up this week by Premier Legault.  […]

  ASIA: The US central bank warned Monday that China’s ongoing property woes could elevate “financial stresses in China, [which] could further strain global financial markets and negatively affect the United States.” In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China’s most indebted developer. The company has […]