QUESTION: Mr Armstrong; A friend works for a ….. Hedge Fund. He said you could put together a team to save Europe. Would you take up such a challenge? Thank you for telling it the way it is. OD ANSWER: In theory, yes, we could put together a team of people from the real world to […]

The IMF on Thursday issued its own analysis on the Greek economy. The new debt forecast numbers have been raised in recent months and while the IMF analysis is never on point (way too optimistic), this tends to make the new number even more shocking. The entire idea of lending more and more money and […]

Greece now threatens to appeal the abuse of the Troika by taking court action to block a Grexit, or really a Greek expulsion or takeover of Greece by the Troika. European leaders have sold their own peoples’ rights to the highest bidder in Brussels and warn in concert that a “No” vote on Sunday means that […]

It has already begun. The total mismanagement of Euroland and the utter failure to understand what the German hyperinflation was all about has led to the misconception that austerity is good and inflation is bad. Imposing austerity creates deflation. The Troika is completely wrong. The fallout from Cyprus was nothing. Now the Troika is punishing […]

Greece was not the main headline today, to no surprise. Obviously, it’s still all over the media, but the markets had the Non-Farm Payroll (NFP) to contend with instead. Not such a shocker at 223k (rate 5.3%) but the revisions (down 60k, putting April 187 and May 254) were mildly interesting.  Also, a point to note […]

The idea of creating one unified European government to prevent European wars has grown out of a lesson learned from the disaster of World War II and German Nazi dictatorship. The Nazi movement wanted to rule Europe in part as retribution for the oppression of the German people following World War I, with the harsh […]

We would like to present our American audience with an opportunity to view “The Forecaster” in Cherry Hill, New Jersey. There will be a debut in the next few weeks with a Q&A afterwards for our clients at normal theater ticket prices (around $15). Please note that we do not have a set date as […]

In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.” I must admit, most politicians do not come even close to the truth, […]

Despite the greatest political crisis in Europe, there has been “no love for gold” according to CNBC. Indeed, this crisis does in fact warn that all the theories about gold just might be wrong and are remnants of a 60+ generation who remembers Bretton Woods. Has time and circumstance changed so much that gold is becoming obsolete? […]