Posted originally on Jul 10, 2025 by Martin Armstrong
Ursula von der Leyen may be the absolute worst head of state in modern history. She has single-handedly ensured the collapse of the European Union according to our computer. She destroyed the EU economy with her NET-ZERO policies, destroying farmers and sending food prices rising. She then imposed dictatorial policies demanding migrants be taken in despite the drastic changes in culture, and then has put out the BS that to protect free speech, they must censor disinformation, to ensure peace in Euirope they need to go to war with Russia, and while she advocates total sensorship far worse than whatever existed in the USSR or even Communist China, yet refuses to release her own text messages with Pfizer.
While Ursula, who has never stood for election, pretends to be an elected democratic leader, calling Putin a dictator who at least stood for election, survived the NO CONFIDENCE vote to the detriment of Europe. The mere fact that this came to a vote demonstrates what our computer has been forecasting. The EU will fragment because of the dictatorial policies of Ursula. She is the perfect leader installed at the precise time that our computer warns that the EU will never survive. Her policies have been dictatorial and she has had no respect or regard for the culture of Europe. She is seeking to do what Joseph Stalin did in forces unified drone-like culture upon all the republics in Russia.
The ECM warns that the European Commission will reach the 72-year mark of political change in 2030. Last year, on February 19, she announced her bid to secure another five-year term, which would keep her in office until 2029. Von der Leyen has unfinished business: the transition to EU “climate neutrality,” for example, and shepherding Ukraine’s hoped-for accession to the 27-member bloc. Her policies are so contrary to economic neutrality that they have sealed the fate of the EU, and anyone who voted for her should be dragged out of office, for they do not care about Europe – only their political affiliation.
Von der Leyen sees herself as untouchable. The corruption with the EU is just massive. She will put Europe into a war footing for 2026 and it is UNLIKELY that the EU will even survived intact beyond 2030. This is the array from 2017 which targeted a Panic Cycle from 2021 which marked her disastrous COVID policies that she refuses to turn over her text messages. If you are being investigated for “disinformation” and refuse to turn over subpoenaed evidence, you go to prison. Ursula is above the law and all the corrupt politicians that support her are sealing the fate of Europe into the years ahead.
Posted originally on Jul 10, 2025 by Martin Armstrong
Bulgaria’s adoption of the euro is a major step toward abandoning its remaining sovereignty. The European Union is akin to a drowning person clinging to anything nearby in an attempt to stay afloat. Bulgaria will become the 21st nation to adopt the euro beginning in January 2026.
Protests against the adoption have been ongoing for months. Citizens fear the spike in prices once the euro is adopted with good reason. In a population of 6.4 million, two million receive a pension of €226 a month. Net wages average only €355 a month. Bulgaria has one of the weakest economies in the EU, yet is expected to instantly adopt a currency with an official and fixed rate of 1 euro = 1.95583 lev. The nation’s GDP was 24.1% in 2024, far beneath the EU’s 60% threshold.
Bulgaria’s lev has been pegged to the euro since 1999 under a currency board arrangement. That means the country has already given up most of its monetary tools. But formally joining the euro locks in those losses—permanently. There will be no going back.
Proponents claim that Bulgaria will now have the European Central Bank’s liquidity facilities and bond purchasing programs. They tout that borrowing costs will be lower and joining will raise the nations creditworthiness. But for what? To take on more debt that they will never be able to default on?
Once Bulgaria joins, it will no longer be able to devalue its currency to remain competitive. That’s how small economies adjust in a floating system. But inside the eurozone, you’re stuck. All monetary policy decisions are made by the ECB in Frankfurt, which answers to no elected body. If Bulgaria experiences a downturn, they can’t cut rates or devalue—just like Greece in 2010. They will be told to cut pensions, raise taxes, and accept IMF mandates. That’s not sovereignty.
The former communist nation has a long history of political instability. In fact, there have been seven national elections in the past four years alone. Citizens have no trust in their government and do not bother with voting, as voter turnout reached only 34.4% in June 2024. The nation is also internally divided when it comes to support for Russia.
Alpha Research conducted a poll in July 2025 that found 46.5% of the population was in favor of euro adoption while 46.8% are in opposition. Eurobarometer conducted a separate poll in March 2025 that found 45% in favor and 53% against. Nationalism was already rising in Bulgaria, but this adoption of the euro will heighten the nation’s political divide as half the population does not want to surrender its identity to Brussels.
Adopting the euro is a politically motivated rather than a strategic economic move. Bulgaria has lost its remaining freedom from the EU and surrendered all economic freedoms.
Posted originally on CTH on July 6, 2025 | Sundance
President Trump responds to Elon Musk’s ongoing outrage.
PRESIDENT TRUMP – “I am saddened to watch Elon Musk go completely “off the rails,” essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States – The System seems not designed for them.
The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds! Republicans, on the other hand, are a smooth running “machine,” that just passed the biggest Bill of its kind in the History of our Country.
It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time. I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want – Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about – No more EV Mandate. I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate – It was in every speech I made, and in every conversation I had. He said he had no problems with that – I was very surprised!
Additionally, Elon asked that one of his close friends run NASA and, while I thought his friend was very good, I was surprised to learn that he was a blue blooded Democrat, who had never contributed to a Republican before. Elon probably was, also. I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon’s corporate life. My Number One charge is to protect the American Public!
Posted originally on CTH on July 6, 2025 | Sundance
President Trump and Commerce Secretary Howard Lutnick hold an impromptu press conference before departing Bedminster, New Jersey en route to the White House.
Topics included the devastating flood in Texas, Elon Musk creating a third party, the ongoing trade negotiations and pending tariffs, President Trump’s conversations with both Vladimir Putin and Volodymyr Zelenskyy as well as the upcoming visit of Benjamin Netanyahu to the White House on Monday.
As noted by Secretary Lutnick the new tariff rates go into effect August 1st. WATCH:
Posted originally on CTH on July 6, 2025 | Sundance
White House National Economic Chairman, Kevin Hassett, discusses the current status of the ongoing trade negotiations as the deadline for engagement windows is scheduled to close on July 9th.
As outlined by Kevin Hassett, we can expect those nations who are not in current negotiations will receive letters from President Trump letting them know that the baseline tariff rate (10%) and reciprocity rate (unknown) will be. Large nations like India and China are currently in negotiations. The EU collective has preliminary contact information, and a few others are in close proximity to Free Trade Agreement closure.
With the Big Beautiful Bill passed, in combination with baseline and reciprocal tariffs, the revenues to grow the GDP are in place to expand the overall U.S. economy. WATCH:
[Transcript] – WEIJA JIANG: We turn now to Kevin Hassett. He is the director of the National Economic Council and one of President Trump’s top advisors. He’s also very popular on that driveway where I’m usually alongside about a dozen reporters. So, Kevin, thank you so much for your time this morning. I want to start with trade, because there’s a big deadline coming up on Wednesday. As you know, that 90-day pause on reciprocal tariffs that the President announced back in April is set to end. So far, the US has announced a few deals; the UK, Vietnam, and you’re inching closer to a final agreement with China. Do you expect to get any more deals done with America’s biggest trading partners by Wednesday?
KEVIN HASSETT: Yeah. First, I do have to take- take a pause and share your thoughts and prayers with the people of Texas. It’s an incredible, heartbreaking story, and Kristi Noem and the President have instructed the federal government to throw everything they’ve got at helping the survivors and helping clean up that place. So, anyway, I’m really heartbroken today to see these stories, and I want you to know that in the White House, everybody is putting every effort they can into helping the people of Texas today.
On trade, there’s going to be quite a bit of news this week. And, I think, the headline of the news is that there are going to be deals that are finalized. There are a whole number that Jameson Greer has negotiated with foreign governments, and then they’re going to be letters that are sent to countries saying, here’s how we think it ought to go, because the deals aren’t advanced enough. And the headline is going to be that countries are agreeing around the world to open their markets up to our products, and to allow us to put some kind of tariff on their products when they come into the US. At exactly what the numbers will be, will be things that you’ll find out in the news this week.
WEIJA JIANG: Kevin, you said there are going to be deals. For those really important trading partners, if there’s not a deal by Wednesday, is the President going to extend this pause?
KEVIN HASSETT: You know, the United States is always willing to talk to everybody about everything that’s going on in the world. And there are deadlines, and there are things that are close, and so maybe things will push back the dead- past the deadline, or maybe they want- in the end, the President’s going to make that judgment.
WEIJA JIANG: And you also mentioned those letters that will start going out tomorrow, according to President Trump. He said about 10 to 12 countries will receive them. Do you- can you tell us who’s going to get one and what they say?
KEVIN HASSETT: Because- because, again, the part of the letter that could be happening right is that we’re close to a deal, we’re not really satisfied with the progress that we’re making at the deal, and so we’re saying, okay, fine, we’re going to send a letter, but maybe you get a deal at the last minute too. Until we see everything that plays out, I think that we need to just hold our fire and watch for the news this week.
WEIJA JIANG: Is it fair to say that those notices are going to go to our smaller trading partners, as you negotiate with our bigger ones?
KEVIN HASSETT: I think that it could be that it’ll be both. But also, don’t forget, that when we have great trade deals, our smaller trading partners could become much bigger trading partners. And that’s, I think, one of the reasons why countries are racing to set deals up with us ahead of the deadline.
WEIJA JIANG: I have to ask you about the deadlines, Kevin, to make these deals, because you just mentioned you’re always open. The president said there’s not really any flexibility left between now and Wednesday. Less than two weeks ago, the Treasury Secretary Scott Bessent said that deals would be wrapped up by Labor Day. So, I wonder, you know, if- how can companies plan if the goal posts keep moving? How can countries negotiate if they don’t even know how much time they have left?
KEVIN HASSETT: Right. Well, the rough outlines of the deals are becoming clear to everybody, because we have some deals like the UK, and the Vietnam deal that are starting to be, you know, I guess, guidelines for what might happen. But, one of the things that we’re seeing that’s really interesting to me, is that people are just on-shoring production of the US at a record rate. As we’ve had record job creation, record capital spending, and this is even ahead of the Big, Beautiful Bill. And so, I think what’s happening is that people are responding to President Trump’s, you know, potential threats to have high tariffs on countries by moving their activity here into the US, which is creating jobs, more than 2 million jobs, since he took office, and raising wages. You know, wage growth is heading up towards the really, really high pinnacles that we saw in 2017. And so, I think there’s a race right now to get activity into the US. And, in part, that race has been kicked off by President Trump.
WEIJA JIANG: I remember after these reciprocal tariffs were announced, you told me that there were about 15 deals that countries were bringing to the President. How close, if you could give us any number at all, what number are we going to see this week?
KEVIN HASSETT: Yeah, you’ll have- you’ll have to get that from Jameson and the President. I think that, you know, we’ve seen lots of deals that have been finalized by our negotiators, and then the President finds things that could make them better. And so, it’s- I’m not going to get ahead of the President on the number of deals.
WEIJA JIANG: Okay, thanks, Kevin. We’ll look out for that. I want to move now to the One Big, Beautiful Bill that, of course, the President signed into law on Independence Day. You have it, and now you have to pay for it. And there’s a consensus that this bill adds tremendously to the deficit. I know that you are so familiar with these numbers. The Yale Budget Lab estimates it will add $3 trillion to the debt. The Tax Foundation says this tax portion of the bill could also add $3 trillion to the deficit. The Committee for a Responsible Federal Budget, which factors in interest on the debt, says it could add up to $5 trillion over the next decade. And on this very program, even Speaker Johnson answered in the affirmative when asked if this bill would add over $4 trillion to the deficit. I know that the administration says the bill will actually shrink the deficit by $1.5 trillion. Help me understand why there is such a drastic difference between your number and all those others.
KEVIN HASSETT: Well- well, first of all, let’s remember that science is not democracy. Truth is not democracy. Our estimates are based on modeling that we used last time, when I was Chairman of the Council of Economic Advisers to say what would happen if we had a bill, how much growth we would get. And we said, and we were criticized soundly, that we would get 3% growth. And we even had the really technical macroeconomic models that said that we would get 3% growth. We run the same models through this tax bill, it’s even better. And what we’re seeing is that if you get 3% growth again, then that’s $4 trillion more in revenue than the CBO and these other bodies are giving us credit for. They have been wrong in the past, and they’re being wrong again, in our belief. But, the thing that disappoints me is that if I put out a model and I say, hey, here’s what’s going to happen, we’re going to get 3% growth. And then it turns out it’s 1.5% growth, then, as an academic economist, as a scientist, then it’s my duty to say, what did I get wrong? What did my model miss? These people aren’t doing that. And that’s the thing that I find disappointing, because we put peer-reviewed academic stuff on the table, said we’re going to get that 3% growth, and then we got it right last time, and we believe we’re going to get it right this time. But, if you think that 1.8% growth is what’s going to happen over the next 10 years, then you should agree with the CBO number. But, there’s another part of the CBO number that you need to worry about. And that is that if we don’t pass the bill, that it’s the biggest tax hike in history. And with that big tax hike, that of course, we would have a recession. The CEA says that we’d have about a 4% drop in GDP and lose 9 million jobs. If we had a 4% drop in GDP and we lost 9 million jobs, what would happen to the deficit? And so, I don’t think that the CBO has a very strong record. I don’t think these places have a very strong record. And what they need to do is get back to the basics of looking at macroeconomic models. There’s a really famous macroeconomist at Harvard named Jim Stock. They should go back and read everything Jim Stock has written for the last 15 years, and fold those into their models, and then maybe we could talk.
WEIJA JIANG: I want to talk too, Kevin, about another number that I know you and the President disagree with, but that Democrats and many Republicans are worried about, and that’s the CBO’s projection that as many as 12 million Americans could lose Medicaid coverage because of this law. What is the NEC’s estimate for how many people could lose coverage?
KEVIN HASSETT: Well- well, yeah. Let’s- let’s unbundle that a little bit. Because, first, on the CBO coverage, so what are we doing? So, what we’re doing is we’re asking for a work requirement. But, the work requirement is that you need to be looking for work, or even doing volunteer work, and you don’t need to do it until your kids are 14 or older. And so, the idea that that’s going to cause a massive hemorrhaging in availability of insurance, doesn’t make a lot of sense to us. And then, if you look at the CBO numbers, if you look at the big numbers, they say that people are going to lose insurance. About 5 million of those are people who have other insurance. They’re people who have two types of insurance. And so, therefore, if they lose one, they’re still insured. And so, the CBO numbers on that side don’t make any sense to us at all. But, on the other side, go back to 2017 when we had work requirements for Obamacare, they said that we lose about 4 million insured between 2017 and 2019, and about double that over the next 10 years. And, in fact, the number of insured went up. It went up quite a bit, by more than 10 million over those two years, because the bottom line is, the best way to get insurance is to get a job.
And we’ve got a Big, Beautiful Bill that’s going to create a lot of job creation and a lot of insurance, and the CBO is just not accounting for that. And again, they need to go back and look at all the things that they got wrong. You realize that they’re underestimating Medicaid spending by 20%. They should look back at all the things they got wrong, and explain what they’re going to do to get it right in the future, and to do a better job. And if they do that, we’ll take them more seriously. But right now, I don’t think any serious thinker could take them seriously, because they’ve done so wrong, and wrong for so long.
Even back- if you go back to when President Obama passed Obamacare, they got every single number there wrong about how many people would get private insurance and how few people would get Medicaid, and so on. And so, their record in this modeling space is about as bad as it’s possible to be. In fact, you could, kind of, roll the roulette wheel and come up with a better set of numbers, better history, track record than CBO.
WEIJA JIANG: Kevin, what about the enhanced subsidies? Is that number wrong too? That the ACA allows about $705 for people to help pay for their health insurance. That doesn’t sound like the waste, fraud, and abuse that I know you and the President have talked about eliminating. That just sounds like people who cannot afford coverage, and now it’s going to be even more so with the subsidies gone.
KEVIN HASSETT: Right. Well- well, if you’re- if you’re looking at the- the change in the tax on the providers, which is something that has been a key talking point for the Democrats, they say that that’s going to close down rural hospitals. What has happened is that, rather than let the states- the states have this game where they give a dollar to a hospital and then the federal government matches the dollar, and then the state taxes some of the dollar away.
In other words, that we have an agreement with the states that they’re going to match, but then they have this they have this trick where they tax the hospitals after they give them the money, so really, it’s the federal government giving them the money. And that’s why we’ve been overspending Medicaid by 20% since this trick started happening. And so, what we’ve done is that we’ve put a haircut on that. But, we’ve also put $50 billion into a trust fund to make sure that the rural hospitals are there to treat the sick. So, I think this is a prudent form. It’s sound budgetary politics. And I think that nobody’s going to lose their insurance.
WEIJA JIANG: Kevin Hassett, we will watch for how that ages. Thank you very much. Really appreciate —
KEVIN HASSETT: – And if I get it wrong, we’ll check, and we’ll talk about why I got it wrong. I promise.
WEIJA JIANG: Thank you. We’ll have you back. Thank you very much, Kevin.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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