The refreshing news that the US and Canada had reached an agreement, that would replace NAFTA, encouraged markets across the world today. Starting in Asia the Nikkei managed to add +0.5% even as Confidence (a Bank of Japan statistic) declined yet again. However, the Nikkei rally was at the expense of the Yen, which late […]

QUESTION: Mr. Armstrong; I take it your concern over Trump from the market perspective is the sheer uncertainty that is evolving. How do you see this playing out for the world economy? Thank you. I agree. These people who hate Trump just hate him so passionately. MRU ANSWER: Markets do not like UNCERTAINTY. These people […]

Violent protests by thousands of right and left political persuasions in downtown Chemnitz, Germany have resulted in at least two people being injured Monday night. For two days now a spontaneous demonstration after the deadly stab wounds on a 35-year-old German at the Chemnitz City Festival was done by migrants. The frustration over the Refugee Crisis […]

The key to understanding Turkey is really simple – Erdogan has lost the confidence of his people and the world. The free-fall in the Turkish lira should be no surprise. After years of rampant dollar borrowing, running large current account deficits due to having to import military hardware combined with the lack of domestic oil production, throw in an […]

COMMENT: Mr. Armstrong; You said that China would eventually send troops to the Middle East and join with Russia in Syria. China just openly told that to the newspapers. Your contacts behind the curtain are quite amazing. BH  REPLY: Qi Qianjin was appointed the ambassador to Syria back in 2016. You are correct, on August 1st, 2018, […]

The Magnitsky Act Behind the Scenes has been pulled from everywhere. You do not ban a film in Europe and the United States if it is wrong. This is perhaps a huge cover-up that goes really beyond comprehension. The film was funded by ZDF TV in Europe and they have the power to prevent it from […]

John McCain is one politician I have no respect for whatsoever. My opinion of him was formed before his war against Trump. His background many have viewed as a real traitor who sought to save himself compared to Snowden all the way to being of highly questionable character given he was responsible for the death of so […]

Politicians are truly amazing. When they need money, they are never short of ideas of things to tax. New Jersey is proposing to now tax water from the tap. The proposal is being submitted by State Senator Bob Smith D-Middlesex. Of course, Smith is trying to say it’s not actually a tax and calling it a “user […]

The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a single event. In school, we read the Great Crash by Galbraith. He was a socialist so he blamed the corporations and never bothered to ever even mention the […]

If there is a possible scam, someone will always figure it out. In Australia, they hunt money with unbelievable audacity and hand out tickets to motorists for everything. Someone has figured out a way to beat the government at its own game. They are cloning valid license plates and then racking up the fines. A BMW […]