QUESTION: Marty, living in Europe where the talk about the elimination of cash is loud I am asking myself what is planned for foreign currencies, e.g. USD, one holds in cash at home? They can´t forbid it because foreign exchange is needed for traveling. Even when they forbid it, there must be the possibility to […]

There are now officially more $100 bills in circulation than $1 bills. The interesting aspect is that when we dig deeper, what is revealed is the fact that the bulk of them are being hoarded outside the United States. This is very interesting for we see the same basic trend emerging from the dollar v […]

ASIA: China announced that they will be looking into placing sanctions on any US company involved in the proposed US-Taiwan sale of F-16 fighter jets. The US approved of an 8 billion USD transaction of 66 aircrafts. Twitter and Facebook have apparently shut down Chinese state-owned accounts that were trying to downgrade the Hong Kong […]

ASIA: The IMF has released a report stressing that the US-China trade war be resolved quickly as it is putting pressure on global growth. “That is not only good for China and the U.S., but also for the international community as a whole,” Jin Zhongxia, executive director for the People’s Republic of China, says in […]

ASIA: China has condemned the recent protest in Hong Kong labelling the act as a “serious damage to the rule of law.” There are still talks of the possibility of China bringing military presence in the region. Meanwhile, Chinese civil rights are being put into question after a Chinese court sentenced a civil rights activist […]

ASIA: Russia and China had their first joint operation yesterday. The Chinese defense ministry says four bombers, supported by fighter jets, patrolled a pre-planned route over the Sea of Japan and the East China Sea. However, China’s neighbors were not happy with the operation. South Korea said its jets fired flares and machine gun warning […]

Market Talk – July 9, 2019 ASIA: The U.S. approved a 2.2 bn USD sale of arms to Taiwan, despite China forewarning them not to do so. China is now demanding that the U.S. cancels the deal, calling the U.S. actions a “crude interference” and further stating that it is harming its sovereignty. Elsewhere, U.S. […]

ASIA / AUSTRALIA: Some positive news for US-Chinese relations as Tesla has started to take pre-orders on it cheaper Model 3 cars from its Gigafactory based in Shanghai. The construction of the factory only started at the beginning of January and is expected to open later this year. The former governor of the People’s Bank […]

Asia: China has added a new fiscal stimulus package in order to prevent a sharp slowdown. Local governments will be allowed to issue up to 320 billion USD in special purpose bonds to fund infrastructure projects, which is an increase of over 59% from last year. Sony released “S.Ride,” an app which could become Uber’s […]

QUESTION: Hi Mr Armstrong, Thank you for continuous education. I hope to get your view on cashless societies. There are worries that nations will move to cashless transactions in the near future. Do you think this will actually happen? My guess is it will be a failure and there will be “black” markets where transactions in […]