The EU is laying the groundwork for everyone in Europe to be given a new tax ID number in preparation for moving to electronic money. They are using a National Insurance number pretense to disguise the real objective. This scheme was passed by the Economic and Monetary Affairs Committee last week. This is another step in the federalization of Europe and even the British will have to comply. Naturally, nobody will report this in Britain because it obviously calls for a European Taxpayer Identification Number to keep track of every EU citizen, which include the British. The actual the European Commission text reads:

“Proper identification of taxpayers is essential to effective exchange of information between tax administrations. The creation of European Taxpayer Identification Number (EU TIN) would provide the best means for this identification. It would allow any third party to quickly, easily and correctly identify and record TINs in cross-border relations and serve as a basis for effective automatic exchange of information between member states tax administrations.”

This covert maneuver calls for the EU to take over member states’ corporate taxation powers with a common corporation tax base for Europe as a whole. The British corporations are suddenly going to taste the bitter bite of Europeans socialism and watch their taxes sky-rocket. That should help increase unemployment in Britain at a far faster pace than expected. This new legislation is banning sovereign member states from increasing their competitiveness by cutting corporation tax below 15%. Brussels is eliminating independence within Europe on taxes and this enables Brussels to be handed the ability to track every EU taxpayer, laying the foundations for a new European tax and to prevent competitive taxation to lure in companies from other members to help reduce local unemployment.

We will have the BREXIT report out next week. This is incredibly important for the fate of Europe hangs in the balance. Politicians are only interested in saving their own jobs. They do not care about the people and the markets reflect this arrogance.

Nobody has seen a chart of the Euro v British Pound since the floating rate system began. We had to take the formula used and recreate it in time. You cannot use the ECU because the pound was included. This shows the dramatic high the Euro made against the pound in 1985. Even during the rally of 2008 when the Euro reached $1.60 on the greenback, it looks like a minor blip on this chart against the pound sterling. In 2015,  the Euro fell to .6937 against the pound and then rallied to close at .73750. We have a Yearly Bearish Reversal at .73450 which it avoided like many other markets for year-end 2015. If we elect this Yearly Bearish Reversal, this is warning new lows even against the British pound.

We are standing at the edge of a cliff in the middle of an ice age where government is trying to control the media, polls, rate agencies, you name it, all to try to manipulate society to serve their own goals. The bureaucracy today would easily start a war to retain power. That is what they do. We are the great unwashed and collateral damage is part of life for them. We can see a possible bright future if we can really reform government. But they will never surrender willingly. We have to crash and burn to reach the other side,

Everything from gold and oil to the Dow and the euro are all trying to alert us there is something brewing here as we stand at the edge in the middle of nowhere. It is time to wake up before it is too late. We have to see the world markets are all connected and screaming at us, but the majority only focus on one or two markets and never see the wildcard coming from the other side.

QUESTION: Mr. Armstrong, what do you think the British will do? Stay or go? Will you be here for the vote?

ANSWER: I will be there. It looks more like urgent meetings forming after the vote; not before. I would say that the odds of a BREXIT vote to leave are not looking good. It is hard to predict this because I expect the vote to be rigged just as they rigged the vote in Austria claiming they had to count the mail-ins and suddenly the establishment won by 31,000 votes. Hofer may be telling people to be calm to prevent violence. But everything points to fraud as it did in Scotland.

We will publish the BREXIT report next week. If the Brits vote to leave, Europe collapses. The EU needs Britain desperately. Why keep the pound at all? There is no point. They should just jump in pool. Why just put your big toe in? This is the 43 year target for the Britain joining the EU back in 1973. This may end up as the final nail in the British coffin of empire. They even paid S&P to say if the Brits vote to exit, they will remove the pound as a major reserve currency, which is a joke. Why? The S&P are always paid and say whatever the highest bidder demands. Cameron has pulled out absolutely everyone to say Britain must stay. Unfortunately, he is betraying his own country. S&P’s statement is meaningless. They are a rating agency who has joined the “club” and their performance in 2007 giving AAA ratings to junk bonds that blew up the world proved that. I personally believe the S&P is not to be trusted.

Here was the computer projection for the 1992 and 1996 Presidential elections showed that the Democrats should have won the popular vote. Clinton won both elections.Now look at the 2000 Presidential election. Our model projected a Democratic victory which would have been Al Gore over Bush. As we know, they refused to recount the Florida vote and it ended up in the Supreme Court which ruled along party lines.

After the election, the votes were correctly counted. They indeed showed that Gore should have won. Our model does not forecast the rigging, but who should win. I can say in the case of Scotland, Austria and the upcoming BREXIT, all three should have been against the EU. That said, the likelihood of allowing the British to leave is highly doubtful for Brussels will collapse.

That is why so many are chiming in to keep Britain in the EU. All their reasoning is nonsense. This is a very sad day for Britain. It will see its independence slip away into thin air. You cannot save the EU. This is like someone falls off the cliff so you jump as well to hold their hand on the way down.

The EU is a total failure. This federalization of Europe is a deliberate utopia for politicians with high paying jobs, tax exemptions, and the people have no possible ability to ever vote for a policy change. This is the most anti-democratic structure ever thought of in Western culture.

We will issue a special report on THE FATE OF BRITAIN. This will be available next week. It is a very important report looking at Britain and what lies ahead covering the pound, pound/euro, and the FTSE.

Our sources in France are unanimously warning that a major socialist union uprising is building in France and could erupt rapidly. The unions in France are notorious for being the most socialist, highly Marxist, in the entire world. To get their demands, they will go anything. They even kidnapped the head of Goodyear until he yielded to their demands. They act more like Stalinist rebels who ignore laws and it is always just about them. Employers are evil capitalists in their book.
This time the uprising is building over proposed labor regulation reform supported by Hollande, who is a socialist himself. President Francois Hollande’s government realizes that France is doomed internationally and unemployment will only rise. His labor reforms are designed to make it easier for companies to hire and fire employees. As it stands, it is next to impossible to fire anyone. As a result, companies are not hiring.

Even the socialist MPs refused to vote for it. In France, if Parliament does not do what the President commands, he need not rely upon them. Prime minister Manuel Valls employed a constitutional tool that allows him to bypass the parliament altogether. This has now resulted in rising social unrest. A real confrontation is building. The question is can France become competitive globally at all?

The trade unions are beginning to block fuel supply to shut down the country. They managed to shut down five refineries. They are also looking to suspend nuclear power plants until they get their demands. If you are looking to fly to Paris, forget it. They will shut down the airports, the trains and all the public transports in Paris as well. Even the
agricultural unions may join the movement. The unions are promising unprecedented violence the first week of June.

Hollande is losing support and he is also unlikely to survive elections next year. The French, like everywhere else, are fed up with government. Th unions do not want to give anything back in France so this will contribute to the overall bearish view for the Euro moving ahead.
The fraud in Austrian elections that the “establishment” candidate wins by a mere 31,000 votes to keep Austria in the EU is also fueling the sentiment throughout Europe that any hope of a fair election to regain one’s country is not realistic. The French are worried that the 2017 elections will be rigged as well.

All our direct sources in France are warning that the country is disgusted by Hollande and the “establishment” government in power.