Christine Lagarde is now warning that Europe faces an “existential crisis” unless urgent reforms are enacted. What she is really admitting is that Europe has reached the end of the centralized model. These are 28 independent nations that were never intended to operate as a single homogeneous culture or economy.
Europe’s problem is not monetary policy. Central banks do not create growth. They merely move liquidity around the system. Growth comes from capital formation, innovation, and confidence. Europe has systematically destroyed all three by punishing success, attacking private enterprise, excessive taxation and regulations. “Would rock-bottom interest rates or QE change the barriers I was talking about? No,” she admitted after years of failed policy.
Lagarde claims that internal trade barriers are now strangling Europe, which is astonishing only because those barriers were intentionally created. Every new regulation raised costs and reduced flexibility. Environmental mandates, tax harmonization, and bureaucratic oversight did not make Europe competitive.
“There will be pushback from multiple corners… from people who say: ‘We’re very happy in our corner of Europe, leave us alone,’” she said. The mass socialized project of ensuring the health of all 28 member states is a failure. Nations do not want to curb their economic growth to build up the economy of another nation. These nations also do not necessarily want to invest billions into a war when Europe is not technically at war. “We did so for COVID because it was a matter of survival,” Lagarde said in response to collective defense funding. “Defence is equally a matter of survival and emergency,” she said, calling it “a perfect case in point” for common issuance.
Capital has been fleeing Europe for years, not because of interest rates, but because confidence has collapsed. When governments constantly change the rules and treat capital as an enemy, long-term investment disappears. Europe has borrowed to maintain living standards rather than to increase productivity. That is the classic path of decline. History shows repeatedly that when debt rises faster than output, systems break. What Lagarde calls an “existential crisis” is simply the moment when that reality can no longer be ignored.
This is not a problem that can be solved with reforms from Brussels. The euro was destined to fail from the outset. The computer has been warning since the dawn of the euro and eurozone that the day WILL come when Europe fragments and nations once again choose sovereignty over centralized control.
Payrolls in the US declined by 105,000 in October, followed by a 64,000 uptick in November, according to the delayed nonfarm payrolls report by the Bureau of Labor Statistics. Unemployment now sits at 4.6%–a four-year high.
The November jobs data was delayed because a 43-day federal government shutdown disrupted the normal collection of labor market surveys. That alone introduces uncertainty, yet it also amplifies the significance of the patterns we do observe.
Naturally, a portion of lost jobs in October were due to the government shutdown, but the downward trend has emerged. Around 162,000 government positions were shed in October, followed by an additional 6,000 in November. These jobs are inconsequential as they do not add to the economy. October was the third time in the past six months that payrolls went into negative territory. Per usual, previous reports were revised downward. August’s report was revised to show a decline of 26,000 jobs compared to the initially reported 26,000, with 11,000 more jobs lost in September.
The 64,000 additional jobs in November may have beaten expectations, but averaged around 35,000 net jobs per month based on recent readings, which indicated stagnation rather than expansion.
Health care was responsible for 70% of new hires last month, or 46,000 positions. Construction also experienced a notable gain of 28,000. Transportation and warehousing decreased by 18,000 as AI takes over those positions. Leisure and hospitality shed 12,000.
The number of people holding more than one job increased, as did the number of discouraged workers and those adding part-time jobs to make ends meet to 8.7%. This high has not been seen since August 2021 when the US economy was slowly recovering from lockdowns.
December’s report will be released ahead of the Federal Open Market Committee’s meeting in January, but the Fed cannot change the labor market through rates. The central bank cut rates three times this year and nothing changed. Expect slower growth, rising unemployment, and a re-evaluation of rate policy in early 2026.
QUESTION: Marty, Socrates has forecast a global recession into 2028. Unemployment remains low, yet layoffs continue to make headlines. Inflation has slowed, but grocery prices keep rising. Corporate profits have climbed, but small businesses are struggling. Europe is imploding as you warned they would face a depression, while we have stagflation. We are also entering a period of increased earthquakes and volcanic activity, as you forecast. You also forecast that we will be entering a period of dramatic population decline going into 2040. At the 2024 WEC, you said the Democratic Party was moving toward a split. All of this is a backdrop to your war forecasts. You also forecast that China would surpass the United States a decade ago. You said that AI is like the Internet, which also displaced jobs. Is all of this part of the reorganizing of the world post-2032?
Ken
ANSWER: Yes. I have explained before, the birth rate declines the richer a country becomes. The Roman Emperor Augustis (27BC-13ADF) passed Family Laws for this very reason. The average age for a girl to have her first child in 1933 was 23 years old. That is now reaching 30 years old and the birth rate is collapsing. This is part of the reason why they have let in the migrants. By 2030. the birth rate in the UK will be short 1 million babies while there will be 1 million more pensioners. The pension system are ponzi schemes that were based on the presumption that the population was always rising. The entire financial system is in crisis.
The US, Japan, Europe, and even Singapore are facing population collapse by 2032. France reported the lowest birthrate since 1919. The typical excuse is that having children is a burden. It is too costly and the future is too uncertain. When my parents were living, one salary supported the family. Today, because of excessive taxation, it takes two salaries and people are not confortable with that.
We are also in a transition period. Our most significant risk is like the 19th-century transition to the Industrial Revolution. Marx and others did not understand the transition process. They saw a farmer now as a factory worker and the capitalist made money from his labor, while ignoring the creation of jobs.
It is a Schumpeter version of creative destruction. The old establishment collapses, replaced by the new economic trend. Marx was influenced by Aristotle, who also did not understand the transition as Athens became the world’s new financial capital. Brokers were encouraging farmers to produce more because they could sell grain to other city-states. Aristotle called the men who made money from money. Aristotle saw that this was changing the Villa Economy, where people were self-sufficient and were being transformed into a market economy.
The transition to the Industrial Revolution ignited socialism/communism. These radical ideas of monetary equality rather than civil right equality led to class warfare. By 1912, Teddy Roosevelt launched the failed Progressive Party. But by 1913, their hatred and class warfare gave us the income tax to punish the wealthy and this level of monetary resentment led to two world wars. All of this is a trend that unfortunately leads to war as the final culmination of class warfare and hatred.
Communism collapsed 72 years after the upheaval of 1917. The Treaty of Rome was signed in 1957. The 72-year Revolution Cycle brings us again to 2029. Socialism is collapsing the same as communism in Russia and China. The radical idea of the 19th century which have killed hundreds of millions in the name of equality, are coming to their same inefficient realization. This is why you see Europe desperate attacking free speech etc.
There are times when earthquakes and volcanoes cluster together. That took place during the 19th century. That led to the year without a summer in 1816 and Napoleon was defeated by two volcanoes. The year 2025 should have produced more volcanoes and earthquakes. We just had a double earthquake one in Japan and then in Alaska.
Japan sits on the western edge of the Pacific Plate, where the Pacific Plate subducts beneath. Alaska sits on the northern–eastern edge of the Pacific Plate, where the Pacific Plate subducts beneath. Japan and Alaska are on opposite sides of the Pacific Plate and both are part of the Pacific Ring of Fire as both experience megathrust subduction earthquakes. The computer simply looks at the data and calculated the cycles. This does not look like it will calm down before 2032.
Vice President JD Vance was questioned about White House Chief of Staff Susie Wiles calling Vance a conspiracy theorist.
Vance embraces the conspiracy label, defines how accurate it is, then delivers a strong set of remarks in defense of Susie Wiles. WATCH:
The overall remarks themselves are not terribly toxic to the White House, but the question of why a chief of staff would sit down for eleven interviews over 11 months with Vanity Fair remains rather curious.
What exactly did Susie Wiles expect was going to happen with all those recorded interviews?
Last time it was Steve Bannon who held multiple interviews with Michael Wolff for his book Fire and Fury: Inside the Trump White House. This time it is White House Chief of Staff Susie Wiles who sat down for a series of recorded ‘on the record’ interviews with Vanity Fair author Chris Whipple. [Article w/ Paywall]
The interviews with Susie Wiles have been taking place all year, with recordings of her statements made to ensure she could not retract the divisive content now deployed by Vanity Fair at a critical moment in the Trump administration.
The intent of the Vanity Fair outline is to paint the most negative light possible, and it appears Susie Wiles gave Chris Whipple all the ammunition to do so.
TIMING: This anti-Trump narrative, supported by the toxic statements by Wiles, is dropped at a key moment when European leadership is purposefully pushing a narrative against President Trump. This series of articles and documented interviews hits at a moment of merging interests against the administration. The coordination is noted.
SUBSTANCE: The New York Times outlines some of the statements by Susie Wiles that are going to grab attention.
[…] “Over the course of 11 interviews, Ms. Wiles offered pungent assessments of the president and his team: Mr. Trump “has an alcoholic’s personality.” Vice President JD Vance has “been a conspiracy theorist for a decade” and his conversion from Trump critic to ally was based not on principle but was “sort of political” because he was running for Senate. Elon Musk is “an avowed ketamine” user and “an odd, odd duck,” whose actions were not always “rational” and left her “aghast.” Russell T. Vought, the budget director, is “a right-wing absolute zealot.” And Attorney General Pam Bondi “completely whiffed” in handling the Epstein files.”
[…] She said she urged Mr. Trump not to pardon the most violent rioters from Jan. 6, 2021, which he did anyway. She unsuccessfully tried to get him to delay his major tariffs because of a “huge disagreement” among his advisers. And she said the administration needed to “look harder” at deportations to prevent mistakes.
[…] She attributes her ability to work for Mr. Trump to growing up with an alcoholic father, the sportscaster Pat Summerall. “High-functioning alcoholics or alcoholics in general, their personalities are exaggerated when they drink,” she said. “And so I’m a little bit of an expert in big personalities.” While Mr. Trump does not drink, she said he has “an alcoholic’s personality” and operates with “a view that there’s nothing he can’t do. Nothing, zero, nothing.”
[…] Ms. Wiles confided in Mr. Whipple in March that she had told Mr. Trump that his presidency was not supposed to be a retribution tour. “We have a loose agreement that the score settling will end before the first 90 days are over,” she said then. When that did not happen by August, she told Mr. Whipple that “I don’t think he’s on a retribution tour” but said that he was aiming at people who did “bad things” in coming after him. “In some cases, it may look like retribution,” she said. “And there may be an element of that from time to time. Who would blame him? Not me.”
[…] In the interviews published by Vanity Fair, Ms. Wiles faulted Ms. Bondi, one of her closest friends in the administration, for her early handling of the Epstein files, an issue that has been a cause célèbre for Mr. Trump’s right-wing base.
“I think she completely whiffed on appreciating that that was the very targeted group that cared about this,” Ms. Wiles said. “First, she gave them binders full of nothingness. And then she said that the witness list, or the client list, was on her desk. There is no client list, and it sure as hell wasn’t on her desk.” Mr. Vance, by contrast, understood the sensitivity because he himself was “a conspiracy theorist,” she said.
Ms. Wiles said she has read the Epstein documents and acknowledged that Mr. Trump’s name is in them. “We know he’s in the file,” she said. “And he’s not in the file doing anything awful.”
[…] Ms. Wiles described frustration with Mr. Musk, the billionaire who early in the year was empowered to eviscerate federal agencies and fire employees en masse with almost no process. “He’s an odd, odd duck, as I think geniuses are. You know, it’s not helpful, but he is his own person.” When he shared a post saying that Stalin, Mao and Hitler didn’t murder millions, their public sector workers did, Ms. Wiles said, “I think that’s when he’s microdosing.” Asked what she meant, she said, “he’s an avowed ketamine” user.
[…] In the interview with The Times on Monday, Ms. Wiles took issue with the quote attributed to her about his drug use. “That’s ridiculous,” she said. “I wouldn’t have said it and I wouldn’t know.” But Mr. Whipple played a tape for The Times in which she could be heard saying it.
[…] She acknowledged sharp internal divisions over Mr. Trump’s announcement of major tariffs last spring. “There was a huge disagreement over whether” tariffs were “a good idea,” she said. “We told Donald Trump, ‘Hey, let’s not talk about tariffs today. Let’s wait until we have the team in complete unity and then we’ll do it.’” But he announced them anyway and “it’s been more painful than I expected.”
[…] As for the potential successors, Mr. Vance and Mr. Rubio, she distinguished how each of them came around to supporting Mr. Trump after initially opposing him. “Marco was not the sort of person that would violate his principles,” she said. “He just won’t. And so he had to get there.” As for Mr. Vance, “his conversion came when he was running for the Senate. And I think his conversion was a little bit more, sort of political.”
Mr. Rubio told Mr. Whipple what he has said publicly, that “if JD Vance runs for president, he’s going to be our nominee and I’ll be one of the first people to support him.” (read more)
Immediately after publication of the Vanity Fair story, Mrs. Wiles took to Twitter to explain her position:
[SOURCE]
Mrs. Wiles never explains why, for all that is reasonable and holy, she would even sit down with Vanity Fair for eleven interviews over the course of the year.
If you find yourself looking at this narrative engineering and saying, “WTF, why would she be so stupid?” You are not alone.
Perhaps it’s the old axiom that sooner or later the senior staff always convince themselves that they are the star of the show. Or perhaps Mrs. Wiles just never heard the Snake Poem:
On her way to work one morning
Down the path ‘longside the lake
A tender-hearted woman saw a poor half-frozen snake
His pretty colored skin had been all frosted with the dew
“Oh well,” she cried, “I’ll take you in and I’ll take care of you”
“Take me in, tender woman
Take me in, for heaven’s sake
Take me in, tender woman,” sighed the snake
She wrapped him up all cozy in a comforter of silk
And laid him by thе fireside with some honеy and some milk
She hurried home from work that night, and soon as she arrived
She found that pretty snake she’d taken in had been revived
“Take me in, tender woman
Take me in, for heaven’s sake
Take me in, tender woman,” sighed the snake
She clutched him to her bosom, “You’re so beautiful,” she cried
“But if I hadn’t brought you in, by now you might have died”
She stroked his pretty skin again and kissed and held him tight
Instead of saying thanks, that snake gave her a vicious bite
“Take me in, tender woman
Take me in, for heaven’s sake
Take me in, tender woman,” sighed the snake
“I saved you,” cried the woman
“And you’ve bitten me, but why?
And you know your bite is poisonous and now I’m gonna die”
“Oh shut up, silly woman,” said the reptile with a grin
“You knew damn well I was a snake before you took me in”
Everything about the Brown University shooting doesn’t make sense through the ordinary prism.
However, if political ramifications in the aftermath of Charlie Kirk’s targeted assassination are overlaid against the Brown University murders, then a certain context might reconcile some of the issues. {GO DEEP} Was Ella Cook targeted in a similarly motivated fashion to the murder of Charlie Kirk?
There are a reported 800 cameras on the Brown University campus, including facial recognition capable cameras, yet school and local police officials claim they do not have any footage of the suspect entering or exiting the building or walking on the campus itself.
Given the nature of the extreme left Brown U ideology, were the cameras turned off or non-recording as part of an ICE resistance effort?
Journalist Mark Halprin received information that College Republican Vice President Ella Cook was the primary target of the shooter. This is relayed as information to Ms. Cook’s family as stated by FBI investigators. Other victims who were with her in the room were shot as an outcome of their association with the primary target. WATCH:
There are a lot of odd contradictions and missing information within the statements by the Providence Mayor, school officials and local law enforcement. The suspect has still not been identified, and the local police are trying to avoid specific questions.
Obviously, if Ella Cook, a conservative Christian student and vice-president of the campus Republican group was the specific target, then Brown University would have a motive to try and avoid admitting that Ella Cook a young, female, Christian conservative student was a victim of a targeted political assassination on campus.
Fox News host Jesse Waters has actually put together a strong monologue drawing attention to some of the issues; however, Waters only alludes to the issues raised within the background, he does not draw attention to the specifics. WATCH:
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