COMMENT: Couldn’t help myself – I must share this personal story with your team and the blog readers. After reading Martin for just about a year, I began educating my family to what lies ahead.  With that our oldest daughter had been living in Chicago until 2 weekends ago.  She decided some time back to […]

QUESTION: Mr. Armstrong Who prints euro notes? Could Greece just flood the market is euro banknotes? Thanks you for your guidance PK REPLY: Legally, both the European Central Bank and the National Central Banks (NCBs) of the Eurozone countries have the right to issue the seven different euro banknotes. In practice, only the NCBs of the zone physically […]

Some readers sent in comments that my use of the phrase “World War III by economic means using the pen” was harsh, so let me state this very clearly. Brussels and the Troika will NEVER back down. To them, the euro is irreversible and they refuse to see that their policies are dead wrong. Proof that this […]

COMMENT: Hello Martin, A few minutes ago the deputy Minister of Finance Mrs Olga Valavani said safe deposit boxes will be reserved! Bank officials denied this statement. However, there is a lot of confusion and panic since a lot of people (who unfortunately did not read your blog) have put their cash or coins in […]

Sorry for being late – my bad. This is actually an important Independence Day for you. True, it was originally the Dominion Day on July 1, 1867 that was the enactment of the British North America Act in 1867 (today it is called the Constitution Act, 1867). That merged the three possessions of New Brunswick, Nova […]

It appears that a June closing on cash below 11095 in the euro will reflect Grexit. A month-end closing for June below 10520 level will be very bearish short-term. However, keep in mind that the major Bearish Reversal lies down at the 10335 level. Therefore, only a monthly closing BELOW 10335 will CONFIRM the 11500 […]

Greece’s parliament voted early Sunday in favor of Prime Minister Alexis Tsipras’ motion to hold a July 5th referendum on creditor proposals for reforms in exchange for loans, with the country’s future in the Eurozone/Euroland looking increasingly questionable. The greatest problem is that the share market is showing that exiting the euro will be the […]

The BBC is reporting that the Greece debt crisis is now leading to a Greek bank run as people clamor to hoard cash in the face of the Eurozone refusing any bailout extension. This is the typical human response in the face of uncertainty. Greece can pull out of this if they comprehend what really […]

The Eurozone, or Euroland, is now getting ready to deal with a Greek debt default next week after refusing to extend credit following Prime Minister Alexis Tsipras’ surprise announcement of a referendum on an offer from creditors that the people in any real democracy should have a right to vote on. Brussels prefers dictatorship and […]

COMMENT: Armstrong, I have to admit that you are right and I was wrong on fractional reserve banking. Due to the ongoing conflict in what I wanted to believe and what you said would be true, I researched myself. Although I am an accountant I adopted the claims that banks can create money out of […]