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Month: November 2017

Draghi Knew About Hiding Losses by Italian Banks

The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using...

They Now Want to Criminally Charge Le Pen to Remove Her from Politics

To assist the European Parliament, the French National Assembly has lifted the immunity of the head of the National Front, Marine Le Pen. The Paris parliamentary...

The Saudi-Iran Brewing War

The turmoil in the Middle East has been instigated in part by fiscal mismanagement. When the money was rolling in with high oil prices, it was assumed, as always,...

Market Talk – November 10th, 2017

Asian cash responded to the US news of possible Tax Plan delays and we saw profit-taking and nerves for the first time in a while. Interesting that this has...

Iraq & Hunt for Taxes from American Contractors

Iraq has been accused of employing strong-arm tactics to make American military contractors operating in Iraq to pay exorbitant income taxes. They are running to...

The Clear & Present Danger of a Global Cooling not Warming

This year will be much colder for Europe than the last three. It will also be cold in the USA. We are in a global cooling period and all the data we have in our...

Private Blog – Dow & Dax

Private Blog – Dow &...

Interest Rates will Double

QUESTION: Mr. Armstrong; Thank you for an excellent conference. I have been attending since 2011. Each time you deliver a different conference and they are always...

Tax Reform & the Dow

Trump’s tax reform to cut the corporate income tax rate from 35% to 20% will be a huge boost for the economy and place tremendous pressure on the rest of the...

Sicily votes 81% against the EU Status Quo – It Begins!

The contagion from Catalonia is indeed spreading to Italy. The Democratic Party (PD) led by former Italian Prime Minister Matteo Renzi has suffered a severe defeat...