Boris Johnson is right and if the Brits don’t get out of the EU then they will fall with the EU in 2017/18 when the EU disappears.
Category World Economic Form
German Flirt Courses for Refugees to Get Lucky
Armstrong Economics Blog
Re-Posted May 11, 2016 by Martin Armstrong
Well when a politician refuses to admit she ever made a mistake, what do you do, you go all the way. Believe it of not, Germany is creating Flirting Courses to help refugee men get lucky. Yes, taxpayer money is now trying to get the refugees lucky with German girls. So if you thought you have seen it all, the insanity never ends. There is always room for more when politicians are involved.
Meanwhile, in Munich, a beautiful city, one person has been killed and several were injured as an Islamist extremist wielded in a knife and attacked people in the rail station shouting “Allahu Akbar” (“God is great”) stabbing people randomly.
And BTW, now 2/3rds of Germans have had enough of Merkel according to the latest polls.
When Will Greece Elect a Real Government?
Armstrong Economics Blog
Re-Posted May 11, 2016 by Martin Armstrong
Protests broke out in Greece over the weekend in Athens and the northern city of Thessaloniki. The government is yielding to Brussels and has not figured out that this policy is destroying its own people and their future.
The government passed reforms that they hope will persuade lenders to release more financial aid. They are cutting pensions and raising taxes. The bankers stole the money, yet the people are being forced to surrender their future.
There is absolutely no future for Greece under such policies. Merkel’s hardline against the Greeks is the very reason she let the Muslims in. Merkel promised the German people that Greece would pay back what she lent it. To honor that promise, she has screwed Greece profoundly and is refusing to yield. Coming under intense criticism for her actions against the Greek people, she tried to boost her image by showing compassion to the Muslims and set off an economic invasion of Europe. This is just not going to end nicely. Her support in Germany has crashed and burned, falling below 40%.
“The Dollar Report” explores the role of Goldman Sachs on this issue and the fate of the euro moving forward.
UN & World Bank Want to Tax Water
Armstrong Economics Blog
Re-Posted May 10, 2016 by Martin Armstrong
Well, all the fools who believe in climate change/global warming will be ecstatic to know that they can help the planet through the new proposal from the United Nations and World Bank. These wonderful entities are now forecasting a shortage of water in places like the Middle East by 2050. The solution will be simple: they will tax the rest of us and raise the price of water so that we can “conserve” to help other counties from running out of water.
I really do not understand how raising taxes on water in the USA could help to preserve water in the Middle East — but hey, what do I know? What I do know is that Al Gore said New York would be under water by now because the ice caps were melting. That has not happened, yet now there will be a shortage of water? Does that imply that the ice caps grew larger? This is very confusing and the analysis is rather stupid. They assume whatever trend is in motion will remain in motion; so if the stock market rises today, well it will rise every day forever. Strange analysis.
Hillary & The Panama Papers
Armstrong Economics Blog
Re-Posted May 10, 2016 by Martin Armstrong
There is little doubt that Hillary is one step away from people implicated in the Panama Papers exactly as was Putin. The question has been; why has the press not put Hillary on the headlines? I think we all know the answer to that; they have already crowned her President. The lack of integrity of the media to treat Hillary the same as Putin illustrates the bias of the press. We should never forget that the Spanish American War was instigated by false media coverage simply to sell papers. Yes, the man they named the Pulitzer Prize after because he made so much money with fake news reports becomes honored among journalists. I suppose that would be like the liquor
industry celebrating Al Capone. The failure to use the very same standard they applied to Putin with Hillary, illustrates the lack of integrity once again that will go down in history – Yellow Journalism.
Hillary and Bill have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities exactly as did Putin. The Clinton buddies include Gabrielle Fialkoff, the finance director for Hillary Clinton’s first campaign to run the U.S. Senate. That is the same as a Putin “aid” but she is saved from such headlines. Then there is Frank Giustra, who is a Canadian mining guy who travels the world with Bill. Let us not forget the Chagoury family, which pledged $1 billion in projects to the Clinton Global Initiative. Remeber the Chinese billionaire Ng Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Of course there was the late billionaire investor Marc Rich, an international fugitive for tax evasion who Bill Clinton gave a Presidential pardon. The Clintons themselves do not appear to be in Mossack Fonseca’s database, or at least the journalists are protecting her for now. Their daughter, Chelsea, and her husband hedge fund manager Marc Mezvinsky, have also not been sited. Clearly, the way the journalists spun this story against Putin for having an aid with such connections, leaves us guessing about the integrity of the press avoiding the same connection with Hillary. Of course, the Telegraph reported Putin’s comments on Hillary: “it’s better not to argue with women.” She is widely hailed by the press because they want a woman president just as they did Obama because they wanted a black president. It is always about what they want. It seems Yellow Journalism is alive and well.
Gov’t Is Incapable of Managing Anything – The Electric Crisis in Europe
Armstrong Economics Blog
Re-Posted May 5, 2016 by Martin Armstrong
Part of the global warming/climate change deals, many people do not realize that in Europe there will be no more gasoline and diesel cars on the streets come 2020. From Norway to India the year 2020 will mark the end of petrol or diesel vehicles. This is part of the long-term bear market in energy. Germany wants to bring at least million electric vehicles on the roads. However, this energy policy presents a crisis. They never realized that to prevent cars from using oil based energy, they have to get ready for a 25%-30% increase in power consumption. Shutting down nuclear power plants means you are transferring one pollution source for another. Meanwhile, Germany was to shut down all nuclear power by 2022. Nobody seems to have figured out the coordination of these two trends.
Euro Collapsing thanks to Another Brain-Dead EU Proposal
Armstrong Economics Blog
Re-Posted May 5, 2016 by Martin Armstrong
Merkel’s failed refugee policy is destroying the fabric of Europe and raising international concerns that Europeans may need visa’s because she has introduce the prospect of ISIS using Europe as a stepping to get into the USA. Now, Merkel’s policy is to force other countries to take refugees. The European Commission now wants to compel European member states to accept refugees by imposing a fine of 250,000 euros per applicant they deny. Instead of admitting a huge mistake, they are creating a mandatory option that will only bring in more people. Merkel’s policy is tearing Europe apart at the seams. Instead of dealing with the issue directly and publicly stating ALL refugees will be turned away, the crisis only get worse. About 80% are not even refugees from Syria. These are people migrating to Euro from northern Africa and other places using this as the great way to the promised land. The euro has been collapsing as a result of this new brain-dead idea where politicians REFUSE to every admit a mistake. They take their countries down in the process. Friends in London are starting to say if Britain does not exit the EU, they will migrate to the USA. This is becoming completely an insane Brussel’s policy and the member states who do not get out are out of their mind. The economic union has become a political union with dictatorial powers from Brussels as the Troika never even stand for election so there is no way to vote the people out of power.
What the Press is Not Talking About Bernie Beating Hillary
Armstrong Economics Blog
Re-Posted May 4, 2016 by Martin Armstrong
Bernie beat Hillary in Indiana. They are focusing on Trump beating Cruz, ignoring that Bernie beat Hillary. What this is revealing is that people are angry at government. Bernie and Trump have a lot more in common. In Spain, the king had to dissolve Parliament because the politicians could not win a majority or form a government. This is a worldwide phenomenon. This is NOT about Trump – this is about government as a whole.
The European Refugee Crisis Is Changing the Face of Europe
Armstrong Economics Blog
Re-Posted May 1, 2016 by Martin Armstrong
s For the first time in Britain, the number one name given to boys upon birth was Muḥammad. This is how Rome died. The affluent typically see birth rates decline and immigrants then fill the gap. Ancient Egyptians were a red race and always pictured themselves different in color being much more similar to American Indians. They too were bred out of existence. In Mexico, if you talk to the Maya, they still hold that a Maya should marry only a Maya. They too are of the ancient breed where the men have no facial hair. Romans experience the same crisis. True Latins were bred out into extinction. This is simply how history has always unfolded. The white European is rapidly becoming a minority in London and Paris for example.
Is Saudi Arabia on the Ropes?
Armstrong Economics Blog
Re-Posted May 1, 2016 by Martin Armstrong
There is serious trouble brewing in Saudi Arabia. They have been dumping oil increasing their output by 3.5%. However, the cash is being kept offshore. Rumors have been flight that members of the Royal family may be creating a stash just in case there is major civil unrest which forces them to flee into exile. Obama on his recent trip told the Saudis they should adopt democratic reform. Make no mistake about it. There is trouble brewing in the Middle East. There is no way Obama would have made such a statement publicly if the situation were not grave.
May – August – October are being highlighted as key periods ahead.
Centinel2012 