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Market Talk – May 24, 2019

ASIA / AUSTRALIA: China is accusing the U.S. of seeking to take over and capture global business. However, Beijing stated today that they are committed to striking a deal with the U.S., even with pressure against Chinese company Huawei. The Chinese Ambassador to the U.S. is asking for a balanced approach to the trade deal, […]

The Income Tax is Destroying the World Economy

It is imperative that we MUST eliminate the income tax. It is a purely a Marxist development that is destroying the world economy. The income tax has become such a tyranny that our liberty, freedom of movement, and world economic growth are all at great risk. Never before in the history of human civilization do […]

China & Buying Gold – Why?

QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development. Thank you PK ANSWER: Central banks are in a very […]

European Tour – The Calm Before the Chaos?

I am writing from Frankfurt here for meetings ahead of the chaos awaiting the May elections. In Frankfurt, while the economy is clearly slowing, the financial capital is booming. New skyscrapers are rising to join those of Commerzbank, Deutsche Bank, DZ Bank, Helaba and others on Frankfurt’s skyline. This is another sign that there is a disparity […]

How 10% of the People Can Make a Difference & Real Estate’s Role

QUESTION: Dear Marty, First I would like to thank you for all the help you provide especially for us little guys. I’m from Barcelona, and happily attended the release of “The forecaster” when you were there a few years ago. I’m under 30 and working my butt off trying to save what I can while […]

The Minsky Moment

A number of people have asked if I ever looked at Hyman Minsky’s concepts in forecasting the economy. Minsky’s Financial Instability Hypothesis failed not because of the fact that he attempted to interject cycles and even listened to Schumpeter, the problem was that he was an economist and not a trader. His own attempts to devise a […]

The Cost of Labor is What Drives the Move to Robots

QUESTION:  Hi Marty, Two questions: 1. When the Canadians said they never look at “those things,” what “things” are they talking about? 2. I always like lowering taxes, if the remaining revenue will be spent wisely. (In our dreams). But as a lawyer in the Austin area, I can assure you that manufacturing by some […]

As long as Cryptocurrencies remain Assets – Then they will Survive a Monetary Crisis.

  QUESTION: You originally said back at the 2015 WEC the first window for the monetary crisis and the collapse of the Euro could arrive by 2018 and then the cycle was extended into 2021 when the Euro finally elected a weekly bullish. So it appears correct that 2018 is the start as the Euro never […]

Have Cryptocurrencies Become a Religion?

  QUESTION: I had a discussion with a former goldbug who is now a crypto-bug. He can’t see that governments will not stand idle waiting to be simply put out of business with cryptocurrencies. No matter what you say, I think it has become a religion. There is not one major company who has adopted blockchain […]

Can Cryptocurrencies Survive?

QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad? MT ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and […]