Typically, the first thing society addresses that sparks a revolution is the abuse of justice. Shakespeare’s famous quote, “The first thing we do, let’s kill all the lawyers,” is not actually about lawyers. You have to understand the context. Private individuals were not allowed to have lawyers in those days – only the king could have lawyers. It was not until […]

QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin? ANSWER: We cannot comment on if the OECD is following […]

QUESTION: Greetings Mr Armstrong and thank you for your excellent blog! I have recently started reading Benoit Mandelbrot’s The Misbehaviour of Markets in which he states that stock prices probably isn’t predictable in any useful sense of the term (p. 6). I recall that you have stated that stock prices can be predicted but not […]

Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]

The argument that the Fed should do nothing because it will be harder to correct a rate rise than to do nothing because there is no bubble anywhere, demonstrates that we have the most serious BUBBLE in history. Retail participation in markets is still off by 50% from 2007 highs. People have invested in fixed income and […]

We warned last February that the cornerstone of the EU — the freedom of movement to create the United States of Europe — would collapse. This effort to create a borderless Europe became known as the Schengen Agreement and was signed on June 14, 1985 (1985.452) between five of the then ten member states of the EU. […]

Donald Trump has surged to 36% in the polls, which is driving the political pundits crazy. After more than 30 years of dealing directly with politicians around the world, I must say one thing: politicians will NEVER admit a mistake. No matter what, they will always follow a single course simply because they declared that direction from […]

Spanish Prime Minister Mariano Rajoy, a member of the Popular Party (PP), announced shortly before the general election (expected to be on December 20) that a record fall in unemployment took place. Looking closely at the statistics reveals that the missing unemployed have emigrated someplace else. Clearly, there are fewer Spaniards contributing to social insurance than before. Only the number of seasonal […]

The Australian Government is introducing legislation that converts itself into a virtual dictatorship whereby it has sweeping powers to order any communication company to simply do whatever they command. The claim the powers are as always for national security to prevent spies and criminals from accessing communications. This is akin to government saying they want […]

It appears the London Property Market bubble has peaked with the Osbourne changes in taxation and the Economic Confidence Model. Already, just since the turn on September 30th, London property prices have crashed by 11.5%. The British Publication Money Week reported our forecast on July 15th, 2015.   The emails have been coming in asking […]