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November 6, 2019
The object of impeachment against Trump is to ensure that nothing gets done between now and 2021. How do you measure the true cost of impeaching the president? It is certainly not the dollars and cents involved in holding hearings, printing transcripts, or paying Congressional staffer salaries. The true cost is the politicians who were […]
November 4, 2019
QUESTION: Dear Mr. Armstrong, Can you please explain how the Contado con Liquidacion exchange rate works in Argentina? It’s now at around 80 pesos per dollar, while the official rate is 58.37. Is it possible for the average person living in Argentina to get the Contado exchange rate? Also, do you have any advice […]
November 1, 2019
ASIA: The Asia Pacific trade pact is in jeopardy of stalling after India voiced last minute hesitations. The Regional Comprehensive Economic Partnership (RCEP) would free trade between 16 countries whose collective GDP composes 1/3 of the global economy. Leaders from all 16 nations are set to meet in Bangkok on Monday. However, India voiced reluctancy […]
November 1, 2019
At the World Economic Conference, I announced that I had petitioned the Supreme Court after discovering in 2017 that despite the fact that the old company Princeton Economics International Ltd (PEI) had been closed back in 2009, the receivership was covertly continuing to take fees without my knowledge. How can a judge approve fees for […]
October 29, 2019
QUESTION: Why was Britain the financial capital of the world before the first world war? Are you saying it was not their gold reserves? Thank you for the clarification PCV ANSWER: It was never the British gold reserves. It was the unique talent of the British who were traders in the city by nature. Perhaps […]
October 29, 2019
California has become the first state to ban the sale of new fur clothing, starting in 2023. Used second-hand furs will still be legal to sell and no doubt they will play the same game they do with expensive high-end cars. They import them to a low tariff place, pay someone to drive and put […]
October 28, 2019
On September 28, 1924, the New York Times reported that there was evidence that the Arctic had actually been tropical in the past. They reported that there was the possibility of a coming Ice Age. The NY Times reported: “NATURE is in a strange mood beyond the Arctic Circle, Glaciers are moving from their age-old […]
October 25, 2019
During the last Mortgaged Backed Security scandal which undermined the entire world economy, they created mortgage modifications which enabled millions of delinquent homeowners to avoid having their home foreclosed. Since 2007, it has been estimated that some 8.7 million permanent mortgage modifications were created. There are still over $800 billion of these bubble-era loans outstanding. […]
October 24, 2019
QUESTION: Might you clarify this response you gave on one of your very recent blogs. You said bail-in may NOT be permitted on US soil. Did you mean that despite the laws written in the USA to allow it, you don’t think it is likely to happen to USA citizens banking in the USA? OR […]
October 21, 2019
ASIA: China and the US seem to have struck an agreement on how to proceed with the trade deal. Both countries acknowledge that continuing the trade war would not be beneficial to anyone. Over the weekend, Vice Premier Liu He said that the US and China were working at addressing each other’s core concerns – […]