QUESTION: Mr. Armstrong; I followed your advice and opened an account in the United States. I live in Britain and my daughter lives there in the States so I used her local address. To my shock, it was very easy. You said the USA has become the new tax haven. So the USA is not […]

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are central banks starting to use the yuan in reserves in a major way yet? KD ANSWER: Yes. The ECB (European Central Bank) converted a half-billion euros to yuan. […]

Today we saw Bitcoin (BTC) close and break through the 5000-dollar mark for the first time –BTC recovered fast from the recent downturn to 2800 level found mid-September, the issue I have is what is the long-term prospects with such a cryptocurrency. The questions we must ask is will Governments allow such a currency without […]

The Cayman Islands’ Department of International Tax Compliance (DITC) has notified Cayman financial institutions of its intention to move forward with implementing the OECD’s Common Reporting Standard (CRS), with the introduction of local regulations by the Economic Confidence Model turning point – October 1, 2015. This of course will end banking in the Cayman Islands […]

QUESTION: Marty, thanks so much for explaining the difference between lowering rates trying to deflect capital flows as in Denmark and Switzerland. I understand the difference now and why you say the ECB is the first to apply this in a Keynesian stimulus context. Is this a complete modern development post-depression? Cheers; YJK ANSWER: The […]