The refugee crisis in Europe is going from bad to worse. Refugees are entering Europe from everywhere but are heading to Germany. Even here in Greece, the same flow of refugees heading to Germany is underway. On Friday, the Croatian border police put thousands of refugees in buses and trains and Hungary responded by arresting […]

I am here in Athens for the elections this weekend. I must state, at this point in the game it appears to be Greek theater with Brussels pulling the strings and the politicians merely playing parts. Whoever governs is almost a moot point for it seems that the political forces are not interested in an […]

In the Middle East, the banks are trying to convince the Gulf States to begin issuing debt even if there is no need to borrow, simply so they have a market to trade. Governments should never listen to bankers for this always becomes a conflict of interest with respect to national debts. The sooner government wakes up […]

In Australia, we are seeing signs of political unrest. Australian Prime Minister Tony Abbott has been a complete disaster. It is really a wonder how these people are elected and what goes through their minds. Abbott appears stunned by the swift pace of the challenge to his leadership. His collapse in the polls warned that he […]

The Schengen Agreement was to be the cornerstone of the entire euro proposition. We just warned that this freedom of movement would begin to come under pressure with this turning point:“As the economy turns down very hard after 2015.75, we are more likely than not going to see the freedom of movement in Europe fragment and that […]

Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour Party leader. Corbyn is really a communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour Party, which will help to make a British EU exit more likely. The Marxist sophistry is to rob anyone who has more. They never […]

It was a mixed session for Asia yesterday after what has been a very volatile week. The talk remains as to what China’s next move would/should be and “if” the Fed will move next week. This been the most awaited Fed decision in years and has been the hot topic just about everywhere. It was a clearer […]

QUESTION: Thank you for your fascinating blog. I thoroughly enjoy reading your analysis on social, political, financial and historical topics. i would like to make a couple points with questions and get your analysis or feedback on these. First point: You describe that post 2015.75 (Big Bang), you expect a peak in bonds (safe haven) […]

 Questions submitted by the Spanish Press Q: You predicted an economic peak by October 1, and you suggest there may be a U.S. government shutdown on that day. What’s going to happen in the following months? A: 2015.75 (September 30/October 1), is the BEGINNING of an economic trend rather than the end. It also happens to be the […]

QUESTION:  Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds. But your article causes some questions: […]