Obama apologizes to everyone for all the bad things that we have done. One wonders if he can ever admit that we did anything good or right; I don’t think he can.
Tag Archives: Greek no vote
BREXIT: What Would Happen to Brits Living in EU?
Armstrong Economics Blog
Re-Posted May 22, 2016 by Martin Armstrong
QUESTION: Mr. Armstrong; The scaremongering going on here is claiming that if BREXIT becomes reality, we will be thrown out of Europe and have to pay massively for healthcare outside of Britain. Do you have any information on this?
Thank you
A former neighbor
DS
ANSWER: There is something most Europeans are clueless about. The EU is by no means a free deal for all. The EU will be in dire straights if BREXIT goes through. Britain will be in far better shape than Europe. The EU will most likely offer the UK a European Economic Area (EEA) deal, which would have no impact on Brits at all. What is that? An EEA option will have virtually no effect on expats living in the EU. There is no doubt that single market participation will not change for the EU would be shooting itself in the head.
As for the question of healthcare, I do not doubt that they are lying about that as well. Currently, anyone from Britain living in Europe on a pension receives free healthcare. It is true that this is not the case outside the EU. However, unknown to most, the UK currently pays a large sum to countries in the EEA to cover British healthcare. For example, the British Department of Health already reimburses other EEA countries as well as Switzerland for the cost of providing treatment to people for under EU law, irrespective of nationality. The likelihood of that ending is probably nil for it would mean any EU citizen would be denied healthcare in Britain.
I seriously doubt that leaving the EU would disturb trade or healthcare. The net effect of BREXIT would retain independence of London as a financial center, eliminate the necessity to open its borders, and exit the likelihood of the Bank of England being subordinated to the ECB, which will come, not to mention freedom for its own taxes and regulation. Despite the “scaremongering”, Britain would get the benefits of trading with the EU without surrendering its sovereignty to an unelected bureaucracy that the people would have no possible way to disagree with, outside of war.
Austrian Elections Today Too Close to Call!
Armstrong Economics Blog
Re-Posted May 22, 2016 by Martin Armstrong
The people who count the votes claim the election is a dead-heat in Austria today. Norbert Hofer of the Freedom Party and Alexander Van der Bellen are each on 50%, according to the estimate, which includes postal votes not yet counted. The pools really put Hofer ahead, so there may be some voting counting issued, Stalin fashion. Nevertheless, what this is demonstrating is that 50% of the people are fed up with the EU. Instead to addressing the crisis, those in Brussels refuse to ever change course.
Diet Leninism – Coca Cola Halts Production in Venezuela Due To Sugar Shortage…
This is what communism or socialism gets you when you run out of the ability to pay for the free stuff. Anyone that votes for Hillary is voting to bring what you see in Venezuela here — so if you don’t want to have any beer, toilet paper or soda vote for Hillary.
Stunning Judicial Ruling From Judge Andrew Hanen – Requires “All DOJ Attorneys” Attend Ethics Classes – Gives U.S. Attorney General Loretta Lynch 60 Days To Present Correction Plan…
I just finished reading the ruling of Texas federal Judge Andrew Hanen (full pdf below) directed to the U.S. Attorney General Loretta Lynch and all DOJ Attorneys appearing in any federal court of …
The Death of the Euro is almost here!
Armstrong Economics Blog
Re-Posted May 16, 2016 by Martin Armstrong
At last year’s WEC, we warned that the collapse of the euro was underway. We achieved the Yearly Bearish Reversal on the close of 2015, but we did so far below the number. We had been waiting for the rally to retest the 11600 level, which we finally achieved. The ECB monetary policy has been typical banker nonsense and has brought Europe closer to a major financial crash. Draghi has applied the unsupported quantity of money theory and assumes he will simply buy in the debt and the cash will miraculously be spent wildly by consumers. Trading volumes and the velocity of money have been falling in general since 1996-1998. The low to negative interest rate policy of the ECB has endangered pensions and ailing banks, and this is just now beginning to push pensions and banks over the edge. Draghai will not admit he is wrong, so he will blame everyone other than himself.
We are looking at a complete global financial meltdown of the world financial system, which we will focus on at this year’s WEC. The construct of the common European currency is no longer sustainable. A completely new monetary system will be introduced as early as 2018. The fiscal mismanagement of government perpetually borrowing money they have no intention to pay back threatens a complete collapse of the world financial system.
The survivability of the euro has now crossed the point of no return. A daily closing in the cash euro back below 11215 will warn that the high of May could stand as the end of the reaction from the March 2015 low. A monthly closing back below 10520 level would signal that the collapse is underway.
At this year’s WEC, we will be focusing on the pension crisis, sovereign debt crisis, rising pressures for separatist movements, civil wars, and financial chaos. When will it end? We will explain how to recognize it from the signs of the past.
German Polls Show 2/3 Have Had Enough of Merkel
Armstrong Economics Blog
Re-Posted May 16, 2016 by Martin Armstrong
The lastest polls show that 2/3 of the German population have had enough of Merkel. I have warned that 2017 is the political year from hell. We have the BREXIT this June, the USA presidential election (Trump v Hillary), Holland in France, and Merkel in Germany. These are the four big elections we have to pay attention to. The German polls clearly show that the German people are rejecting Merkel as their leader. Currently, the majority cannot see how Merkel will remain Chancellor after the election in 2017. The age group that is really fed up with Merkel are in the 45 to 54 age bracket. The polls are showing that the lower the income and the lower the level of education, the higher the rejection of Merkel as Chancellor. This is exactly on time. We are facing a global political crisis on the 86 anniversary of 1933, the year FDR and Hitler came to power.
The Confessions of Congressman X
Armstrong Economics Blog
Re-Posted May 16, 2016 by Martin Armstrong
A new book confirms what I have been reporting on behind the curtain. This is a devastating inside look at the dark side of Congress that shows why career politicians need to come to an end. This is written by one of its own, anonymously entitled “The Confession of Congressman X.” His admissions are dark and stunning, yet you can bet the mainstream media will ignore it for they are part of the game. This is what he has to say:
- “Most of my colleagues are dishonest career politicians who revel in the power and special-interest money that’s lavished upon them.”
- “My main job is to keep my job, to get reelected. It takes precedence over everything.”
- “Fundraising is so time consuming I seldom read any bills I vote on. Like many of my colleagues, I don’t know how the legislation will be implemented, or what it’ll cost.”
As for the voters, he also explains:
- “The average man on the street actually thinks he influences how I vote. Unless it’s a hot-button issue, his thoughts are generally meaningless. I’ll politely listen, but I follow the money.”
- “Voters are incredibly ignorant and know little about our form of government and how it works.”
- “It’s far easier than you think to manipulate a nation of naive, self-absorbed sheep who crave instant gratification.”
Welcome to the decline and fall of Western civilization. The end of our Republican form of government lurks between the words. As Margaret Thatcher said to me, “It’s just time.”
List of Attendees for Zuckerberg’s Facebook Meeting are all Members of #NeverTrump Movement…
Glen Beck has really turned into a clown and the rest listed here and that follow him and are going to this meeting are not much better.
Video: Watch How Far Anderson Cooper Goes To Protect Hillary Clinton and Lie To The Audience…
The only psychopath here is Hillary Rodham Clinton; this woman is pure evil and if she had been born 400 years ago she would have been burned on a stake as a witch!
Centinel2012 