The Death of Europe, with Douglas Murray


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Recorded on June 3, 2019 In this episode of Uncommon Knowledge, Peter Robinson is joined by author and columnist Douglas Murray to discuss his new book The Madness of Crowds: Race, Gender and Identity. Murray examines the most divisive issues today, including sexuality, gender, and technology, and how new culture wars are playing out everywhere in the name of social justice, identity politics, and intersectionality. Is European culture and society in a death spiral caused by immigration and assimilation? Robinson and Murray also discuss the roles that Brexit and the rise of populism in European politics play in writing immigration laws across the European Union.

Europe – How Bad Can This Get?


QUESTION: Hi Marty,

I’m based here in South of England, within the commuter belt into London. The ECM forecasts an economic downturn 18.01.2020, and Europe looks to be at the epicentre. My own research tells me the job cuts in the auto sector in Germany are quite severe.

How does all this play out after January? We have already witnessed companies collapsing, Thomas Cook, and many teetering on the very of edge of collapse. How bad is this going to be, and how does this compare to 2008?

Of course, the next 3 months of 2019 are going to be very volatile, what I’m trying to understand is how does all this look like to the average city worker within finance, law or professional services.

Within my own peer group most are clueless on what is going on and perhaps they should be thinking of income protection rather than going out and buying £60k Range Rovers. The apathy never ceases to amaze me.

I welcome your insight. Thanks for your great work which keeps us mere mortals informed.

Cheers IB

ANSWER: The answer is very bad. The structure of the Eurozone is an absolute disaster. It is promoted as a single country, but it lacks everything that stands behind a currency. Just look at the tariffs starting between the USA and the EU. It is IMPOSSIBLE to negotiate a trade deal with Europe because each country can veto any deal, proving this is not a single country, and thus there is no substance behind the single currency. This is why I say Brexit is the only way for Britain to survive. It cannot negotiate any trade deals with the USA, China, Canada, or whoever because any other state can veto it. They surrendered their sovereignty and it is undermining the European economy.

If the US had to seek the approval of all 50 states before it could do any national policy, nothing would ever get done. The French can block trade deals and the US will look at the EU as a single entity because that is the structure on the surface. So the US could impose tariffs on German cars because of something France refuses to yield on. It is a giant political mess.

The only way for Europe to survive is for the Eurozone to actually collapse. Then each country could negotiate for itself without a veto from another over something irrelevant to their economy.

If the Eurozone were to survive, each country must surrender all autonomy to Brussels on everything retaining only local culture and laws. Brussels is trying hard to make it the United States of Europe, but the first thing that must go is the refusal to consolidate the debts and end the bail-in policy. Anything shy of that is playing with fire.

While the ECM is turning in January 2020, that appears to be impacting more externally to Europe. Europe may see economic turmoil into 2021.

Sweden – How Bad can it Get?


QUESTION: SOS from Sweden:

Dear Mr. Armstrong,
Please take a look at Sweden. I know you can not look at every single country but Sweden would be interesting since it is the country were socialism has gone farthest in the world and totally crazy. One of the most well-organized countries in the world with the oldest Central bank and well run global companies have turned into total chaos. Socialism has turned a peaceful country into a crime capital. Rapes are now among the highest per capita in the world. Robbery likewise. We are flooded with immigrants from MENA countries that have no skills. Many can’t even read. They live on welfare and get better paid than people working. Taxes are going through the roof. Police force under extreme pressure. Jails are overfull. Same with healthcare and education.

The municipals are bankrupt. They borrow via Kommunivest to meet the gigantic burden of immigrants. The loans go to welfare paychecks, not to investments. Kommuninvest issues international bonds and then lend to all municipals. International investors do not know how bad the financial situation is for Kommuninvest. It’s the Black Swedish Swan that is going to blow up soon. Mr. Hans Jensevik is the one person in Sweden that has worked with the municipals economy all his life. He is a very respected old-timer. He has even come out with a video warning international investors from buying Kommuninvest bonds!

 

Government debt is not catastrophic but the municipals are. The Government made the municipals take on the debt when the state unloaded immigrants in all our 290 municipals… Many municipals are now warning they are bankrupt and need emergency finance. So the Government is going to be forced to bail out the municipals very soon.
The state own media dominates TV and radio. Imagine only CNN running TV and radio channels in the US! Competitors only allowed entertainment. State own media pushing agenda on mass-migration, open borders, climate change, pro-euro and hate for Trump. All newspapers are subsisted by Government running the same agenda. Swedish Riksbank is trapped and forced to follow ECB down the drain with subzero rates and more QE. The SEK is tanking. This is not going to end well.

Could you please shed some light and interpret Socrates outlook for Sweden, SEK and OMX30

Thanks for your great work.

SG

ANSWER: The impact of migrants in Sweden has been the worst in Europe. Then you have this climate change nonsense that led to “flygskam” or “flight shame” in Sweden. This provides a threat of a sharp decline in flights as people are being looked down upon for flying, thanks to Greta Thunberg, because it hurts the environment.

There is no question that we also see the dollar rising here as well, The economy of Sweden is turning down very hard on the ECM turning point. A closing for 2019 above the 94600 levels will confirm the greenback’s advance. The share market has been trying to reflect the currency decline and has risen only due to currency inflation.

More Trudeau Pictures Surface – Prime Minister Says Can’t Recall Number of Times He Wore Blackface…


As more pictures of Justin from Canada begin to surface; and with at least three instances currently known by media; the Canadian prime minister said today he cannot remember how many times he wore blackface.

TheLastRefuge@TheLastRefuge2

Prim Minister @JustinTrudeau is the personification of the David Mamet Principle which says (in essence): In order for cultural progressives to force compliance with their ideological demands, they must also pretend not to know things…

View image on Twitter
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Top Canadian Intelligence Official Arrested for Leaking Secret Information….


Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit (RCMP), faces three charges of violating intelligence laws and leaking sensitive information.  While the destination for his leaked intel is not revealed, his professional business profile shows he speaks “fluent mandarin Chinese“. So, connect the dots…

Obviously Justin from Canada wants to keep a tight lid on the spying compromise; and unfortunately, with the Canadian election a little more than a month away, the compliant state-run media are more than willing to try and downplay the issue.

OTTAWA (Reuters) – A top Canadian police intelligence officer has been charged with leaking secret information, authorities said on Friday, in what could be a major security breach.

Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit, faces three charges under a little-used 2012 security of information law.

“It is alleged he obtained, stored and processed sensitive information … with the intent to communicate that information with people he shouldn’t be communicating to,” federal prosecutor John MacFarlane told reporters outside Ottawa’s court house after Ortis was charged.

Sources with knowledge of national security investigations described Ortis as former RCMP Commissioner Bob Paulson’s most elite adviser on issues related to national security. Paulson was in office from 2011-2017.

“Operationally, this could be very, very bad,” said Stephanie Carvin, an assistant professor and security expert at Ottawa’s Carleton University.

Canada is part of the Five Eyes intelligence-sharing network with United States, Britain, New Zealand and Australia.  (read more)

Is it really a surprise to anyone?…

EU Parliament & How they Protect the Bankers


A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending.

The US banks survived and have prospered BECAUSE of TARP. The US government bought the toxic financial waste they created so the bankers got away with it again. In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout because that would mean the money would flow from one country to the another to bail out their banks. Hence, European banks still have the tonic financial waste on their books from 2007.

The central banks are ARTIFICIALLY manipulating interest rates down to try to save the banks, but this Quantitative Easing has not only failed, it has set the stage for the next financial disaster — the collapse of government pensions and private pension funds. These funds are regulated and it is mandated that they have government debt for that is “risk free,” so they claim.

The bankers sell the government debt so the politicians cannot let the bankers fail for they also fund their elections. This entire mess is not going to be held off much longer. We will be looking at this in great detail at the WEC in Orlando (Oct. 25-26).

Report: PM Boris Johnson Has Simple Plan to Legally Stop Brexit Extension….


If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.

According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st.  Then ignore it.  That was easy.

(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Ycreported late on Sunday.

Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.

A plan under consideration would see Johnson sending a letter alongside the request to extend Article 50 setting out that the government does not want any delay after Oct. 31, according to the report.  (read more)

“Boris, he’s a cheeky one”….

The prior remarks by President Trump (last week) now take on a new context:

Q Have you been following the situation in London with Boris Johnson and the Brexit vote?

THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.

And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay. (link)

Merkel Takes Her Tin Cup to China…


As if, on cue:

.

CTH – […] The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency. The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.

Where does this dynamic show up?

…. Anytime China is going to buy something.

China’s currency devaluation makes their exports cheaper; however, at the same time it makes any of their imports more expensive. As a consequence China buys less… and that now exhibits in lower purchases of German stuff. See how that happens?

So yeah, the ramifications for Merkel’s German economy -twice as bad as originally forecast- are based on China fighting Trump. The fact that China is bleeding cash, and has simultaneously dropped the value of their currency, means China can’t buy stuff.

All of those nations who were counting on Chinese purchases are now going bananas. This is why the multinationals blame Donald Trump… and to make matters even worse – the U.S. economy is thriving, while they watch from the sidelines. It’s a delicious dynamic.  (read more)

BREXIT & the Attempt to Delay until January 2020 ECM Turning Point


Prime Minister Borris Johnson had wanted an election on October 15, but Labour and other opposition MPs would not back the move while the option of a no-deal Brexit on October 31 remained open to the PM. The House of Lords said it would pass the legislation by Friday.

The British pound rallied on the defeat of the PM clinging to the notion that leaving the EU is somehow bad for Britain. It remains the same old dire predictions they used back in the nineties when Britain was not going to surrender the pound and adopt the euro.

While our models indeed pinpointed a Directional Change with rising volatility into the week of 9/16, the pound has held the October 2016 for now, but a close for September below 12350 keeps the pound in check.

This idea of trade being so important is really quite insane. Nevertheless, Trump has not helped by trying to create jobs with his trade negotiations. China will listen to the US news which will show Trump losing 2020 even if you put a monkey up as the Democratic candidate. The press is so against Trump that they will turn this trade issue into real insanity. Likewise, this aids those in Britain desperate to keep their perks and pensions in place so they are selling out Britain for personal gain using the same issue as trade.

So far the Euro/Sterling Cross has been following the forecast array perfectly. The low was March followed by the breakout May/June with a Directional Change due in September. The next target is November followed by January.

What is very clear is that the financial markets are far more afraid of Labour taking power than BREXIT. We do not see any reversal of fortune for the pound and its long-term decline before 2021. Labour has become extreme. They will most certainly destroy the capital formation in Britain perhaps once and for all.

 

British Globalists Pass Bill to Block ‘No-Deal’ Brexit – Ongoing Elitist Efforts to Ignore British Referendum…


The jaw-dropping elitism expressed by British members of parliament continued today as globalists in the Conservative Party joined with globalists in the Labour Party and passed a bill in the UK House of Commons to block no-deal Brexit.  Their goal is to handcuff Prime Minister Boris Johnson from leaving the EU on October 31st.  [Backstory Here]

The multinational banks and financial elite have poured money toward the anti-Brexit politicians (both parties) and deployed all media efforts in an attempt to stop the U.K from leaving the European Union despite the majority of British who voted to leave in 2016.

The latest move by the elitist group, led by far-left Jeremy Corbyn, forces the U.K. to say in the EU until an agreement to exit the EU is affirmed.  However, the actual purpose of the bill is to empower the EU never to agree to *any* terms of Brexit, thereby keeping the U.K. in the EU forever.

Boris Johnson has requested a mid-October general election so the British people can remove the elitist politicians.  However, two-thirds of those same politicians would have to agree to allow a vote that would eliminate their position.  Therefore, the pontificating elite are also blocking any effort at a snap election.  It’s a mess.

Right now the upper chamber (House of Lords) has threatened to filibuster the lower chamber (House of Commons) bill in an effort to help their Prime Minister.  However, there is also a possibility Prime Minister Johnson could intentionally just ignore the law (if passed), proceed toward a no-deal Brexit and force Parliament to vote him out of office; which would trigger the general election vote the Prime Minister is seeking.

It’s a classic case of elitist politicians trying all parliamentary rules to override the majority vote of the people in the country.

Two centuries ago the masses would have already taken arms against their overseers, stormed the gates and hung the politicians from Tower Bridge.  Unfortunately, in 2019 it’s less likely to happen… Although if the elitist politicians keep this up, well, you never know.

(Via AP) – In a second straight day of parliamentary turmoil, the House of Commons voted by 327-299 in favor of an opposition bill to block a no-deal Brexit, sending it to Parliament’s upper chamber, the House of Lords.

Even so, the bill’s fate is unsure. With Johnson set to suspend Parliament for several weeks starting next week, pro-Brexit peers in the Lords are threatening to try to stop it by filibustering until time runs out.

“There is very little time left,” said Labour Party lawmaker Hilary Benn as he introduced the opposition bill. “The purpose of the bill is very simple: to ensure that the United Kingdom does not leave the European Union on the 31st of October without an agreement.”

The bill would require the government to ask the EU to delay Brexit until Jan. 31, 2020, if it can’t secure a deal with the bloc by late October.

The lawmakers hope to pass the bill into law — a process that can take months — by the end of the week, because Johnson plans to suspend Parliament at some point next week until Oct. 14.

Johnson became prime minister in July by promising to lead Britain out of the EU, breaking the impasse that has paralyzed the country’s politics since voters decided in June 2016 to leave the bloc. But he is caught between the EU, which refuses to renegotiate the deal it stuck with May, and a majority of British lawmakers opposed to leaving without an agreement. Most economists say a no-deal Brexit would cause severe economic disruption and plunge the U.K. into recession. (read more)

Perhaps nothing personifies the elitist outlook more than this letter from Phillip Lee a member of Boris Johnson’s own party who is resigning because the Prime Minister continues to listen to the unwashed people, disregard the elites and pursue Brexit.

Read this:

(Source)

…”the twin diseases of populism and English nationalism”?

Dr Lee is apoplectic that any politician might listen to the British people.

MP Phillip Lee openly states any British person who wants to leave the EU is suffering from a disease of wrongful thought; and accuses them of British patriotism.  How dare they be so bold….

The open elitist worldview is really quite remarkable.

The Associated Press

@AP

Brexit

News from The Associated Press, the definitive source for independent journalism from every corner of the globe.

apnews.com

Alan Wilton@Alanpw1955

Blocking no deal Brexit means we either accept any deal the rest of EU deems appropriate, which of course will be entirely to their advantage, or we don’t leave the EU at all. Either way we’re screwed and U.K. democracy is dead and buried. We need to kick out the traitors.

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