Tag Archives: civilization Jihad

Jun 5 2017

Is Trump Becoming More Popular in Europe than America?


Armstrong Economics Blog/Terrorism

Re-Posted Jun 5, 2017 by Martin Armstrong

While the leftists are out in force against Trump calling him racist and whatever else they can dream up for his travel ban from countries with Islamic terrorism, we are starting to see European protest against the anti-Trump movement. The London policy institute Chatham House calls a “reservoir of public support” on the continent for exactly such polices. The survey of 10,000 people found that support for ending Muslim immigration averaged 55% across 10 European countries, ranging from 71% in Poland to 41% in Spain. With the latest attacks in Britain, one must wonder how high this poll is going to go.

Perhaps there should be a 30 day sentence for those who are against travel bans. However, prison might be too good for them and they certainly will not learn anything but wear it as a badge of honor and they get room service. Perhaps they should be made to travel to the countries they support and have to stay their for 30 days in an average room, not a 5 star hotel with room service. Perhaps they might then begin to understand how much culture matters. In some place, a woman will be arrested for walking down the street un-escorted. Prostitution is just assumed. It is not a question of religion. Every religion has its extreme left and right if we are talking about Christians or Judaism. Islam is no different.

Turkey may be Islamic, but it is a totally different branch. Tuvana Türkay is a famous Turkish actress born in Istanbul who many consider one of the most naturally beautiful women. You would not suspect that she is Islamic from looking at this picture. Islam has its different flavors as does Christianity and Judaism. Trump’s six Islamic countries that were put on his ban list were actually selected by Obama. They were Syria, Iran, Libya, Somalia, Sudan and Yemen. These are the countries where terrorists are being trained. Neither Turkey nor Iraq or UAE, Saudi Arabia, Egypt, Indonesia or other Islamic nations made the list. It was not a religious discrimination as CNN and others portrayed, but a cultural risk.

Git a few more terrorist attacks and Trump may be more popular in Europe than in America.

Jun 5 2017

Britain Under Attack – Exiting EU is Only Choice


Armstrong Economics Blog/BRITAIN

RE-Posted Jun 5, 2017 by Martin Armstrong

As we approach June 8th and the elections in Britain, one must wonder how is Britain going to remain inside the EU. The British never voted on allowing the refugees into Europe. That was a unilateral decision by Merkel to save her failing polls due to he harsh stand against Greece. Now Europe is engulfed in a clash that is tearing the continent apart between the liberals who think everybody is just wonderful and those who simply want security.

 

 

Now three attackers drove a van into pedestrians on London Bridge before stabbing revelers nearby on Saturday night, killing at least seven people and least 48 people were injured. This was the third terrorist attack to hit Britain in less than three months. With the snap parliamentary election on Thursday. May’s gamble on the June 8 snap election was cast into some doubt after a Survation poll showed her Conservative Party’s lead had dropped to a new low of just one percentage point.

Three attackers drove a van into pedestrians on London Bridge before stabbing revelers nearby on Saturday night, killing at least seven people in what Britain said was the work of Islamist militants engaged in a “new trend” of terrorism.

At least 48 people were injured in the attack, the third to hit Britain in less than three months. Police killed the three male assailants within eight minutes of receiving the first emergency call shortly after 10 p.m. local time. Prime Minister Theresa May announced: “We believe we are experiencing a new trend in the threat we face as terrorism breeds terrorism.”

“Perpetrators are inspired to attack not only on the basis of carefully constructed plots … and not even as lone attackers radicalized online, but by copying one another and often using the crudest of means of attack.”

The Prime Minister then said: “It is time to say enough is enough.”

Most of the main political parties suspended national campaigning on Sunday, but May said campaigning would resume on Monday and that the snap parliamentary election on Thursday would go ahead as planned.

 

The British Pound exceeded the Breakout Line, fell back, and then retest it as it then provided support in the 127 level. We see resistance at the 13026 area with the important technical resistance at the 134 area where the Weekly Bullish Reversals begin. This patter tends to warn about a pop to the upside, but the timing models also show this could be the end of the rally.

 When we look at our computer model, what is fascinating is how it has targeted this week as a turning point even before May called the snap election. Of course it has merely intensified for this target, which appears in both the dollar as well as the euro.

 

We can see that the week of June 5th is also the main target for the Euro against the pound and we have a Directional Change at this time as well.

May 26 2017

Catalonia to Separate from Spain?


Armstrong Economics Blog/European Union

Re-Posted May 26, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong, when you were here in Barcelona, you said that Catalonia would vote to separate from Spain. Most thought you would be wrong. I myself confess I was not sure you would be right. Well you were right, or your amazing computer was correct, and the fever to separate only grows bolder. Do you still see this and the ultimate end of the EU?

ANSWER: Yes, but this is a process that is slow. The speed will being to pick up next year and it appears to be increasing in velocity between 2018 and 2022. El Pais ran a story: “Catalonia to immediately declare independence if no referendum held” with the leaked excerpts from what appears to be the Catalonian regional government’s road map to independence. The secret document included a plan where the region would unilaterally break away from Spain if Madrid tried to prevent its citizens from holding a referendum on independence in the fall. The proposed question is straight forward:

“Do you want Catalonia to be a state that is independent from Spain?”

I reported back in 2015 that Barcelona was preparing to issue its own electronic currency. Since then, the city is still moving forward with a plan to introduce its own currency, despite warnings from Spain’s central bank. The new so-called “social currency” would be used to buy local goods and services at a discount while having a one to one parity with the euro. This is plan B in order to set up for separation. Catalonia is the richest region in Spain and is supporting the rest of the country. So it is very much like Margaret Thatcher once warned, that Socialism works until you run out of other people’s money. That is exactly what is taking place in Spain. They have been bleeding Catalonia dry.

The real question is what will Spain do? Spain is the Eurozone’s fourth largest economy. It is distinctly on the verge of breaking up. Spain and the EU seem intent upon not letting that happen. If there is any attempt by force from Madrid under the pretense of a police action, then the gloves will come off.

Madrid will take drastic actions, including that will most likely first attempt to invoke article 155 of the constitution, which will effectively put an end to all forms of Catalan self governance. Will the people tolerate that? This will not merely strengthen the resolve of Catalan separatists, it could very well lead to a civil war erupting between 2018 into 2020, but the latest we should see the separation is by 2022.

The previous Spanish Civil War took place between 1936 and 1939 lasting about 3 years. It broke out when the Spanish army in Morocco led by General Francisco Franco, rose up against the democratically elected Republican government, presided over by Manuel Azaña. Typically, there will be a divergence and split within the military. That is how these things erupt. We may see this in the USA also around 2022, which may be a contagion at that time. The potential for the collapse of the EU looms on the horizon for 2022.

Categories: European Union
May 19 2017

Hamburg Still Seizing Property for Refugees


Armstrong Economics Blog/Refugees

Re-Posted May 19, 2017 by Martin Armstrong

germany-refugee-shelter

Back in October 2015, we reported that “in response to the refugee crisis, the German city of Hamburg has enacted a new law that will enable the government to seize vacant commercial properties to provide temporary housing for refugees. The law will go into effect next and will last until March 2017. Despite the additional measures, many refugees will die of exposure during the cold German winter.”

Hamburg authorities confiscated six residential units in the Hamm district near the city center. The city is now renovating the properties and will rent them against the will of the owner to tenants chosen by the city. Worse yet, all renovation costs will be billed to the owner of the properties.

Hamburg is still at it and this raises serious questions about the right to property in Germany. The measure is obviously unconstitutional, but exactly why it has not been stopped raises even more concern. Those who seriously think the Euro will be fine since Macron won the French election remind me of the old joke about the optimist and the pessimist who are blown off the top of a 100 story building in New York City. The pessimist immediate begins to pray for forgiveness. The optimist as he is passing the fourth floor says: “Well, so far so good!

May 16 2017

Local Police Writing Tickets for Anything


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted May 16, 2017 by Martin Armstrong

COMMENT: Hi Martin

Message from the UK.

My brother went into town, and he put a cigarette out on the pavement.

Because he took 2 steps away from it before picking it up, he was told,

“l believe it was your intention to walk away instead of putting it in the bin”

Of which his response was, you just saw me pick it up and put it in the bin

They fined him on the spot 80 pounds.

A

REPLY: Local governments are the worst. They will be attacking people for anything and everything to fine them. Another person wrote in that they were fined for pouring a coffee in the street drain $100. I mention when I parked at Starbucks in a private parking lot, the first car was over the space line so every other car was slightly over by about 12 inches. I came out and there was the cop pulled in behind everyone so you could not leave and gave everyone parking tickets on private property. Totally illegal. But you pay $75 for the fine or take a day off from work. They know what they are doing.

A friend was given a ticket for looking at their cell phone while at a red light. They went to court to prove they were not texting or talking. They looked at Google Maps. The Judge said you are not even allowed to look at your phone and fined the $250.

This is insane for it cannot continue like this without causing society to just snap. This is how revolutions are formed. Those who work for government become abusive and arrogant. They end up becoming the criminals

May 13 2017

The Drive to End Democracy in France


Armstrong Economics Blog/France

Re-Posted May 13, 2017 by Martin Armstrong

The democratic decision-making process actually dreaded by many politicians as too much work. France’s new president, Emmanuel Macron, would like to be able to make decisions in the social field without the hassle of discussion. And so the Parliament, which was to be elected in June, was to give Macron the authority to conclude reforms with his decrees. This requires a majority. Whether Macron’s new party, “La République en Marche”, reached this goal, it is questionable whether the other parties want to give their power to the president. It appears eliminating the right to vote is becoming much more in fashion.

May 13 2017

Draghi Says Anyone Leaving the EU Must Pay But EU Will Not Refund Surpluses


Armstrong Economics Blog/European Union

Re-Posted May 13, 2017 by Martin Armstrong

In the Netherlands, the Forum For Democracy leader Thierry Baudet confronted Mario Draghi of the ECB asking that since he had said anyone leaving must pay the ECB and exit fee of whatever they owe, he said that since the Netherlands had €100bn surplus at the ECB they should get it back is others who owe the ECB must pay.
Mario Draghi stated bluntly, NO! In other words,  the view at the ECB is what is yours is their’s and what is their is their’s.  We have put together a very important report on the Euro covering all the issues and why it is really doomed.

While some analysts claim the Euro is here to stay, it is obvious that such people have no real insight or sources behind the curtain. The consequences of the failure to euro are far greater than anyone suspects.

Nobody thought that BREXIT was the end of the Euro since the UK was not a member of the Eurozone. What is much more serious has been the rising anti-Euro base throughout Europe which is about now one-third. However, Le Pen defeated all mainstream parties so the election came down to Macron who began his own party last August and Le Pen. This was a major victory in itself for the anti-establishment forces. None of this touches upon the brewing banking crisis, the EU passage of Bail-Ins for banks, or the political crisis. The European Central Bank is the single central bank in crisis and at risk of actually failing. This may be the most shocking threat on the horizon for Europe. Merkel’s victory in the fall will be the final signal that then end is near over the next 3 years for it will guarantee no reforms. The EU has already rejected the platform of Macron that he used to get elected. When the French see that nothing will really change and his push for dictatorial powers, expect civil unrest to rise.

This report will be available after the Hong Kong Conference

May 12 2017

Brussels & Berlin Reject the Core of Macron’s Political Campaign


Armstrong Economics Blog/European Union

Re-Posted May 12, 2017 by Martin Armstrong

Emmanuel Macron has shown just how inexperienced he is when it comes to international trade. Both Berlin and Brussels have rejected Macron’s central platform in his election campaign that all government purchases should be made from exclusively European companies. They realize that while Le Pen cheered “France First”, Macron called that nationalist, he proposed European Nationalism. Germany needs open markets to retain its current account surplus. Without that, Germany fears its economic power will collapse. Macron’s proposals are rejected already behind the curtain. Hence, the French people will find he is their Obama – great expectations for change, but no leadership leads to the same old status quo.

Macron’s “Buy European Act” was his a central promise during his campaign. Macron’;s entire plan was to solve unemployment with protectionism but not exclusively for France, but for Europe. Macron’s formula was to be that only companies that have settled at least half of their production in Europe would qualify to sell goods to the government. He calls this the plan that would protect Europe in this new age of globalization.

At the end of the day, the difference between Le Pen and Macron was a sense of power. Le Pen realized the authority of the president ended at the French border. Macron, thought he really would have a say in Brussels and Berlin. Ah, what fools we mortals can be

May 11 2017

Macron to Hand All Sovereignty to Brussels


Armstrong Economics Blog/France

Re-Posted May 11, 2017 by Martin Armstrong

Emmanuel Macron’s victory promises no change for Europe and it has been the blessing Brussels wanted so badly to further advance the federalization of Europe. Macron will surrender far more French sovereignty to Brussels than anyone suspects. Macron is a technocrat and the youngest President in France ever at 39. His message of surrendering the sovereignty of France was the subtle use at his rally in Paris of the European anthem, Beethoven’s “Ode to Joy,” rather than the Marseillaise. This was indeed a powerful gesture of a surrender to Brussels that will be full and complete. It also signal there will be no change in direction or reform.

The New York Times called the defeat of Marine Le Pen, was a battle against the evil forces of “xenophobic nationalism exploited by President Donald Trump.” They also reported that this is the end of populism as expected for they classified BREXIT as “Britain’s dismal decision last year to leave the European Union, and in the face of Trump’s woeful anti-European ignorance, was critical” to Macron’s victory. It is just stunning how the New York Times cheers on the EU and socialism yet never looks at the data to see if they are correct in pronouncing that the EU has created growth rather than destroyed it.

The New York Times and their biased position will NEVER bother to just look at the numbers. GDP growth in Britain peaked in 1973 and has declined ever since joining the EU. So what’s the problem? Are the people at the New York Times blind, stupid, the party idiot, or just too corrupt to be objective?

If Macron was in the USA, they would be calling for the prosecution of his wife as a child molester. They met when he was 15 years old and she was his high school teacher at 40 years old. When his parents found out he was romantically involved with his teacher when she was still married to the father of her three children. His were so stunned, they removed their teen son from the school and sent him to finish his education in Paris. Now he is the leader of France.

May 9 2017

Macron’s Victory May Be Disaster for Merkel


Armstrong Economics Blog/France

Re-Posted May 9, 2017 by Martin Armstrong

Angela Merkel was the first phone Emmanuel Macron made after the election.  My point about the election for Macron was the worst possible outcome for the Euro was not just reflected in yesterday’s outside reversal to the downside. Merkel has already made it clear that she will not relax  Eurozone spending rules to help Macron. The defeat of Le Pen has sealed the fate of Europe because there will be no reflection upon how to reform the EU to save Europe.

Only a sublime idiot would now think everything in Europe will be just great. We are looking at a major hard landing for Europe. Keep in mind that local governments even in the USA are doomed for all they can do is raise taxes further crushing their population and destroying their own economy.

Nonetheless, there is a lifetime in politics between the May victory for the establishment in France with Macron who cannot possibly help calm France and the election of Merkel in the fall. The biggest disappointment of Obama was being the first Black President, hopes were so high for a real change. When everyone saw he did the same thing as Bush, this set the stage for the Trump victory. Republic or Democrat offered nothing.

Our computer was correct in forecast the mainstream political parties in France would be defeated. That took place. Now the expectations are so high for Macron to change things, when the French people realize he is the same as what they had under Hollande, the backlash can still come before the German elections. The civil unrest in France is unbelievable. The tension there you can cut in the air with a knife.

Macron will fail and with him, the dream of Brussels.