September 2025

QUESTION: Mr. Armstrong, you had forecast that Brazil would go into another revolutionary phase in 2026. Given the recent events here in Brazil, I think that forecast you made three years ago is suddenly looking more plausible. Would you provide an update on Brazil? Thank you Miguel ANSWER: Brazil’s history is notably different from many Latin […]

The Federal Open Market Committee voted to lower rates by 25 bps at the September meeting, citing “that downside risks to employment have risen.” I reported in December 2024 that the computer had forecast a decline in employment during the incoming Trump Administration. Based on the most recent data, the unemployment rate stands at 4.1%,

The average French pensioner receives a larger payout than working-aged adults. France has one of the highest replacement rate packages of any OECD nation at around 74% of average earnings. The French government spends an astounding 14% of GDP on the unsustainable pension system. The average pension in France is around €1,626 gross per month,

Jair Bolsonaro will spend the rest of his life in a Brazilian prison for inciting a coup that never happened. Bolsonaro’s public humiliation ritual is far from over as the establishment is using him as an example for anyone who dares to voice a dissenting opinion. The latest ruling determined that the former president must

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 111.89 points or -0.25% to 44,790.38 • Shanghai increased 14.476 points or 0.37% to 3,876.341 • Hang Seng increased 469.88 points or 1.78% to 26,908.39 • ASX 200 decreased 59.20 points or -0.67% to 8,818.50 • SENSEX increased 313.02 points

Members of the Federal Open Market Committee (FOMC) voted to reduce the benchmark federal funds rate by 25 basis points, setting the new target range at 4 percent to 4.25 percent. The Fed statement was clear, with one dissenter, Stephen Miran, who recently joined. “Recent indicators suggest that the growth of economic activity moderated in

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Political warfare is the new tool of the establishment. Jair Bolsonaro was permanently silenced, indicted for inciting a coup that never occurred, and sentenced to 27 years imprisonment. Călin Georgescu of Romania has become the establishment’s latest victim as he stands trial for inciting yet another coup that never occurred. Brussels determined that the vote

The Baltic Defense Line established by Latvia, Estonia, and Lithuania has become the largest fortification effort in Europe since World War II. The multi-layered defensive installation includes anti-tank obstacles, surveillance systems, trenches, and bunkers. The “East Shield” is intended to protect these nations, and therefore Europe, from Russian invasion, which they believe is inevitable. Estonia

QUESTION: Marty, here in Thailand, aside from freezing 3 million people’s accounts and bending to the OECD to hunt taxes for the Europeans, now we have the central bank is talking about imposing a tax on trading gold because of the right in the baht. Is Thailand committing economic suicide? FJ ANSWER: It appears that