Asian equity markets were strong ahead of the US data with the Nikkei closing a promising week up 150pts (+0.8%) and Shanghai up 66pts (+1.9%). Worth noting this evening is that the Nikkei futures have built upon today’s cash gains and are currently up an additional 190pts at 19,480 (+1%). Europe failed to participate following the […]

Reuters has reported that Yellen told a House of Representatives committee when testifying before Congress: “Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.” Yellen may have been placating Congress, for negative rates would wipe out the […]

While so many people claimed that Quantitative Easing (QE) would produce inflation since it was the creation of money, the truth is very far from this simplistic idea. The theory used by the central banks is seriously flawed and a throwback to ancient times before 1971. There used to be a difference between debt and […]

Although the trade numbers from Japan were below forecasters’ projections, the street was abuzz with speculation of further BOJ intervention; so we saw the Nikkei close up 2% today. The same could not be said for Shanghai (closed down 3.5%) whilst the HSI was closed for a public holiday. European indices really could not decide on direction but after a […]

The Canadian elections are on par with the world trend – whoever is in office, throw the bums out. The election took place on Monday, October 19, the anniversary of the 1987 stock market crash. The Liberals in Canada toppled the Conservatives as many Canadians saw their Head of State, Mr. Harper, as a dictatorial heavy-handed […]

QUESTION: Mr. Armstrong; Thank you for coming to Athens. After the presentation, there were so many questions that the moderator did not have time for. You answered some for the crowd afterwards that I had never heard anyone ever explain. You said Quantitative Easing was not money printing nor did it really increase the money […]

QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems that as you say they are again mixing facts to support a rise in gold with hyperinflation. I am a collector of French monetary history and the paper […]

QUESTION:  i read your latest piece on gold…..i see your rationale for inflation not causing gold to rise but rather an erosion in confidence of government so if i am reading you right you see a rise in gold in a semi-rapid fashion for the next few years as the confidence in government declines now […]

I have warned that this turning point is centered in government; not in the markets. The number of issues coming to a head is just mind-blowing: from the Catalonia vote to separate from Spain, to the resignation of Boehner, to non-politicians leading across the globe. The election in Greece was most likely the last vote for any […]

The motto of the ECB is plain and simple: why reform when we still have some power? Governments will fight until the last drop of blood is spilled; they assume it will be your blood, not theirs. We will see the opposite of transparency unfold along with a rush to eliminate cash. This will force […]