Blog/Middle East

Is There Really More Oil in The Golan Heights than in Saudi Arabia? Who’s Genie Energy?

QUESTION: Mr. Armstrong I live in Israel and today I listened to your podcast with Macrovoices. At some point you mentioned that there is more oil in Golan heights [...]

Read More

Sales of US Treasury Bonds Continue to Try to Stem Dollar Rise

China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having [...]

Read More

Turkey – Failed Coup – Real or Fake?

QUESTION: Mr. Armstrong; You have been warning that we are in an upward trend now for civil unrest which includes coups to revolutions as distinguished from a [...]

Read More

Bank Runs in Turkey

COMMENT: Hi Marty, I am in line with folks emptying ATMs in Turkey during a military coup attempt. I can keep you updated. CI REPLY: Human nature is the same all [...]

Read More

Military Coup Unfolding in Turkey

There is a military coup attempt to seize power from Erdogan, who may be the most unpopular head of state ever to hold office. Low flying jets and gunfire have been [...]

Read More

Saudi Arabia Banning Short Selling Against the Currency Peg

Saudi Arabia has banned financial products that amount to a short position against the riyal. The measure indicates the high degree of attack that the peg is [...]

Read More

Obama breaks with Saudi Arabia

Tension continue to build between the USA and Saudi Arabia. Besides allowing the Saudi’s to be sued in US courts over 911, the USA is cutting off [...]

Read More

Growing Shortage of US Dollars & Capital Flows

There have been a some unusual capital flow developments involving Egypt that illustrate a shortage of dollars caused by the decline in oil prices. However, this [...]

Read More

Trouble in Saudi Arabia

Political instability is rising in Saudi Arabia. The Saudi king has fired his longtime Secretary of Energy and the head of the central bank has been replaced. The [...]

Read More

Saudi Arabia on the Ropes?

There is serious trouble brewing in Saudi Arabia. They have been dumping oil and increasing their output by 3.5%. However, the cash is being kept offshore. Rumors [...]

Read More