Blog/Sovereign Debt Crisis

World Debt Burden has Exceeded $230 Trillion

QUESTION: Mr. Armstrong; I find it interesting how you have pointed out that when it comes to public debt, the USA is actually far better than Europe or many in [...]

Read More

The Municipal Debt Crisis Begins

I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The [...]

Read More

Trump & Taxes

QUESTION: Do you support Trump increasing the debt by a trillion dollars? I thought you were conservative? PY ANSWER: Well the first thing you have to do is get a [...]

Read More

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 [...]

Read More

ECB Worried Who Will Buy Government Debt if they Stop?

  According to RELIABLE sources behind the curtain, the crisis in Spain led to a significant amount of selling Spanish debt to the European Central Bank (ECB) [...]

Read More

Italy’s Experience With Pre-Pay VAT Was Devastating

COMMENT: Re:  Germany To Tax VAT Just Billing People Before they Pay Please note in Italy we had the same = pay VAT to the government before collecting it from [...]

Read More

Taxing Income Before You Earn It

COMMENT: Hello Martin; I trust you and the state of Florida are healthy, hurricane or not. As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me [...]

Read More

ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering perspective. It certainly disproves the [...]

Read More

Navigating the Business Cycle = Prosperity

The key to the future is understanding (1) the past and (2) how everything functions. Sure there is a risk of a Dark Age after 2032. Hopefully, we can learn from [...]

Read More

Illinois Should Just Be Dissolved as the Solution

John Kass of the Chicago Tribune has come out with a blunt article, yet it is the only possible solution since the government is effectively just bankrupt with no [...]

Read More