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Sovereign Debt Crisis

Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief

Greek Prime Minister Alexis  has come out today and bluntly warned that failure to agree on a debt restructuring for Greece would push it into a perpetual spiral...

Anti-Immigration Movement Turning Violent in Germany

In Dresden, Germany, right-wing activists are retaliating against the Muslim refugees. They are said to be behind two huge terror bombs at a mosque. This is the...

Canadian v US Municipality Debt Crisis

Canada has a different legal structure compared to the United States. Canada is one of the most decentralized countries in the world where provinces are actually...

The Federal Reserve’s Structural Changes

  QUESTION: Why are there so many Fed branches? It seems this is another way for government just to create jobs and pensions. ANSWER:I wrote several times that...

The Preparation for Seizing Private Pensions

The pension crisis is going to be the HUGE issue in 2017. Obama is supporting about a 20% reduction in military retirement benefits. This is how such things are...

Can Illinois go Bankrupt or just Default?

There is a problem that Illinois faces. There is no actual right for a state to go bankrupt. That does not mean that no state has simply defaulted and never paid. A...

WHY 2017 is The Threshold to Chaos

I have been warning that 2017 was the Year of Political Hell with four major referendums/elections that would undermine the confidence in government –...

IMF Concedes Central Banks Are Doomed

The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning...

Socialism Has Destroyed the Social Structure

  Once upon a time, couples would have three to five children for that was their retirement. Family was everything. Then came Marx who effectively replaced the...

Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk

QUESTION: Mr. Armstrong, What comes first? The banking Crisis or the Sovereign Debt Crisis? Thank you for bringing our attention to these events OD ANSWER: The...