Martin Armstrong

Global equity markets faced broad selling pressure as the Nikkei 225 tumbled 2.5% and major U.S. indices finished lower.

U.S. indices posted modest gains as oil rose, contrasting with mixed performance across European equities.

South Korea has responded to Trump’s decision to reduce joint military exercises by talking about becoming more militarily independent. President Lee Jae Myung wants South Korea to regain wartime operational control of its forces and accelerate its military capabilities. The establishment immediately presents this as though Trump has somehow endangered America by pushing an ally toward […]

Crude oil rose 2% amid mixed commodity performance, while climbing US Treasury yields pressured global sentiment.

China and Egypt had their second joint air force exercise, “Eagles of Civilization 2026,” running from mid-August into early September. The exercises include air combat tactics, air superiority operations, combat search and rescue, and force employment. This follows their first joint air exercise in 2025, so this is no longer some ceremonial visit between two […]

War and sovereign debt are merging into a vicious spiral that will determine which nations survive the coming monetary crisis. Governments entered the conflicts in Ukraine and Iran, along with the escalating confrontation between the United States and China, already buried beneath debt accumulated through decades of fiscal incompetence. Now they are increasing military spending, […]

The Bank for International Settlements is warning that near-record public debt and the growing role of hedge funds and other nonbank financial institutions have created what it calls a “fiscal-financial stability nexus.” That is sanitized bureaucratic language for a system in which governments, banks, pension funds, insurers, hedge funds, and central banks are all chained to the […]

The United States has crossed $40 trillion in gross federal debt, and Washington will treat it as another unfortunate milestone before returning to the business of spending money it does not have. The more immediate problem is what it costs to carry that debt. Treasury’s figures show approximately $1.17 trillion in gross interest expense through […]

All Republics eventually turn against their citizens when they begin to see their power slipping away through their fingers. Today in Europe, free speech has vanished. In the US, you see “See Something, Say Something.” Looking at history, we see this same pattern. Perhaps the most famous example was the Venetian Republic, which eventually destroyed […]

The American people are not merely dissatisfied with Washington. They have concluded that the government itself is corrupt. A new Gallup poll found that 89% of American adults believe corruption is widespread throughout the government, the highest reading in the 20-year history of the survey. This is no longer a fringe position dismissed as a conspiracy theory. […]