Blog/Sovereign Debt Crisis

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 [...]

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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 – [...]

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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 [...]

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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 [...]

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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 [...]

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It’s Time to Turn Out the Lights in Illinois

The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are [...]

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Hoarding Cash – Prelude to the Crash & Burn

We are monitoring confidence in the banking system as reflected by cash withdrawals. The sale of home safes has exploded in many countries. I previously reported [...]

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US Debt: Who is Really Selling & Who is Buying?

QUESTION: Marty; Since you wrote that central banks have been net sellers of US Treasuries for the first six months to support their currencies, others are jumping [...]

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New SEC Money Market Rule Will Send Cash into Treasuries

  The new SEC rule on money market funds takes effect October 17, 2016. There is never a crisis that simply passes. Such events always lead to more [...]

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Is it Time for Revolution in Greece?

The Greek government is calling for full disclosure of ALL household wealth. The Greeks are to disclose everything they own — cash worldwide, jewelry, real [...]

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