The side-effect of the Obama-Putin tiff is they have set off a quiet panic around the world. Some banks even in the USA are limiting wire transfers to $2,000 and they must clear before you can send another to the same party. Russia’s ‘My Bank’ has suspended cash withdrawals temporarily. Russia itself is selling US Treasuries […]

We have been investigating the Russian capital flows in more detail. We see two trends emerging that is reflecting the war tensions. Foreign capital that invested in Russia is pouring out, but at the same time, the Russian Oligarchs are pulling back money in western banks. They do not yet seem to be investing in […]

History repeats not merely because human emotions never change, it seems we end up with the same decision process that leads to the same trends. People just love raining on the current parade as stocks rally when they missed the entire boat to begin with. The bearishness with the new highs in the S&P 500 […]

The care-taker leaders are the typical bureaucrats who will destroy Ukraine and everything the people have fought for. Oleksandr Vіktorovich Shlapak (Олександр Віталійович Шлапак) is the Ukrainian politician, bureaucrat, and the current Minister of Finance in Ukraine since February 27th. He offers NOTHING worthwhile for Ukraine and only thinks inside the BOX listening to economists with […]

Anyone who claims that what took place in Ukraine had nothing to do with corruption simply believes propaganda and refuses to listen to reality. Yanukovych fled but he could not make it to an airport. It appears he went to Crimea and was trying to board a ship. According to reports we are getting from inside […]

For months before the proposed alignment with the EU, there were signs all over Ukraine pro and con about joining Europe that was a campaign in part funded by the EU to sell the idea to Ukraine. This funding has been CONFUSED with the funding for the “rebels” to engage in revolution that Putin calls […]

QUESTION: I’m not clear about the purpose of the ECB. Each member country goes to the international capital market and gets a different cost for its bond issuance based on its credit worthiness and other factors. If the ECB’s role is to redistribute the debt loads of stressed countries by taking from the less stressed countries, […]

It does not appear that this is the final low for gold as yet. However, a daily closing ABOVE 1293.50 on the cash will signal a move to the upside is possible. The major resistance remains at 1455.00 on a weekly closing basis in cash. On a weekly closing basis in the nearest futures we […]

Government is simply brain-dead. They fail to grasp that government is indeed a PUBLIC SERVANT and by no means are they the inherent nation themselves. They do not ADD to the national wealth since they produce nothing – they are the consumers of all wealth. Yet governments worldwide see ALWAYS the people as the problem […]

QUESTION: Hi Mr. Armstrong: I have 2 questions. I’m 31, and like most graduates of graduate schools, I have student loans. 1) What will happen to our generation who seem to be getting more and more stuck in student loan debt, which is backed by the federal government?  Will the government forgive it?  Or will […]