Our sources are saying that the central banks have come to an accord to cooperate in an effort to support financial stability in the wake of Britain’s vote to leave the European Union. This is akin to the Plaza Accord of 1985. Central bankers urgently gathered at the Bank of International Settlements in Switzerland to discuss the […]

The central banks have risked it all and lost. They have reached the point of no return. The Fed decided not to raise rates, which are desperately needed to prevent a collapse in pensions and insurance companies, and merely froze like a deer in headlights. The superficial analysts who think lower rates are good for […]

Tensions are starting to rise between Germany and the ECB because Draghi will not admit his negative interest rates are causing an economic meltdown. “We continue to expect them (interest rates) to remain at present or lower levels for an extended period of time, and well past the horizon of our net asset purchases.” Draghi is absolutely […]

COMMENT: Marty, well it looks like you have done it. The central banks are going to start raising interest rates right in line with your model. It is interesting how your computer puts the entire world before you to see. Keep up the good work. They obviously are starting to follow you. SS REPLY: I […]

An American law firm is planning a class action suit in Europe against the major banks involved in the currency manipulations. These banks have already paid billions in fines; now comes the lawsuits. If they stay out of New York City, they might get a real court to go after the bankers. The lawyers have […]

Central banks have been dumping U.S. Treasury bonds because of the debt ceiling problem. The Tea Party will shut down funding if they have their way. This situation illustrates the entire problem. The debt ceiling only ever rises. We will see a rise in taxation and this will help to collapse the U.S. economy and […]

A few questions have come in asking how can rates rise if central banks end up buying the bulk of government bonds at auctions like just took place in Germany with 50%+? Rates would rise in the private sector and this is the shift between public and private that is always unleashed. Like Japan, nobody […]

  Why are central banks buying equities outright and trading futures? Very simple – EURO CRISIS! I have reported that central banks have been buying equities because there is a real crisis underway in central bank reserves. Behind the curtain, they need diversity because the Euro Crisis has creates a Reserve Crisis. There is no […]

QUESTION: Mr. Armstrong; Are we watching the central banks trying to manipulate capital flows as they did in 1927 but reverse with European rates down and America up? I believe you are saying this is the case because Europe is in a major economic implosion. I am correct in this assessment? Thank you from Europe […]

The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday. While this is not a huge trend changer in the near-term, it demonstrates that our forecast for China to become the largest economy and to be the next financial capital of the world when Europe and the USA […]