EU Bailout of Portugal Has Failed


Lisbon

 

This year, 2017, is the beginning of the Sovereign Debt Crisis. While Greece is popping up on the financial radar, the Euro rescue in Portugal has also completely failed to reverse the trend of the country. There has been no effective relief from the debt crisis in Southern Europe. The debt in Portugal is also once again as high as before the crisis of 2010. The 78 billion euros of the European taxpayers money did nothing to reverse the economic trend, but in fact the funds simply went to save the banks.

IBEUUS-Y TEK TO 2020 1-22-2016Politicians really should be criminally prosecuted for trying to manage an economy. They have no experience and their own political careers always come first. As I have stated before, when the Euro was being planned, the commission in charge attended our World Economic Conference in London. I warned them that the Euro would fail unless the plan consolidated all the debts of member states. They said they understood the problem, but that the European people would never vote for that plan and so they wanted to get the currency through first and deal with the debt later.

That Phase II never came and as a result, as the euro then rallied from 80 cents to the dollar to about $1.60, all PREVIOUS debt of  member states DOUBLED in real cost. Joining the euro effectively destroyed Southern Europe and the politicians still cannot figure this out. It is as simple as you borrowed a foreign currency to buy your house and then that currency double in price. You now owed twice the amount in your home currency.

Crisis-AheadMeanwhile, the new US government wants to put US first returning to the age of mercantilism. Donald Trump also fails to grasp that forcing Americans to buy manufactured products in the USA, is forcing the consumer to subsidize inefficient American labor. You cannot tinker with the free markets. Trump’s concept of world trade and jobs falls short of reality of what free markets are all about exactly why the Eurozone is collapsing.

Welcome to the world financial crisis. We can make it better – but we have to PREVENT politicians from playing with the economy.

There’s Nothing Free


I do hate to disagree with Walter E. Williams but there is a problem with this argument which is since everything can be made cheaper in sweat shops overseas then it must follow that everything must be made overseas. The extension of that is that all work will be done somewhere else and all consumption will be done here; obviously that can not work; for there is no one working and and therefore there is no money to buy anything and the system collapse.

Larry Summers – Who Admits He Cannot Forecast – Forecasts Trump


QUESTION: Marty; Did you see Larry Summer’s comments on Trump. Is this guy completely insane? He says Trump is proposing things off the planet. Wasn’t it Summers who came up with the negative interest rates and supported repealing Glass Steagal?

ANSWER: Larry Summers is a classic example of how a PHD means absolutely nothing compared to real life experience. He had the audacity to say, “The vast majority of the companies who have large overseas cash also have substantial amounts of domestic cash.” Obviously, Summers has never advised a real company. If Trump makes it a 10% tax, any company who does not bring their cash home would be a short. EBay had two companies it wanted to buy domestically. It backed out of the deal because it would have to bring in cash from overseas and pay too much tax to make it worthwhile. That’s how much Larry Summers knows about the world.

Summers went further, “The reality is that cash that is brought home will be used to pay dividends, to buy back shares, to engage in mergers and acquisitions, to rearrange the financial chessboard, not to invest in large amounts of new capital. It is a chimera to suppose that there will be large increases in capital investment as a consequence of that repatriation.”

First of all, paying dividends and buying back shares will put money DIRECTLY into the hands of investors who will redistribute the funds. Summers tries to “stimulate” by handing banks billions with no strings attached in hopes that they will lend the money to people who want to borrow. Then he wants to impose negative interest rates to punish people for not spending or investing.

Larry Summers has publicly admitted he is incapable of forecasting the economy, so where does he get off saying this nonsense? Quite frankly, those who are watching their pension funds go bankrupt should sue this guy for his non-conventional idea of negative interest rates to “stimulate” the economy. He gave us the 2007-2009 crisis by repealing Glass-Steagall and supporting the bankers, and he set the pension crisis in motion with negative interest rates. Thank God Hillary lost because this clown would be in charge of screwing up the economy even more.

Poll: Most Americans Oppose ‘Sanctuary Cities,’ Support Trump’s Travel Ban


Why should the tax payers be supporting the people that don’t even belong here.

Cartoon Sums Up Why The Media’s REALLY Freaking Out Over Trump


Trump is not allowed to talk directly to the American people, its the medias job to tell the people what Trumps says; or so that is what the media thinks but Trump isn’t buying that so their pissed.

*(WE ARE ALL LIMPOPO) – Unhinged Maxine Waters Calls Trump’s Cabinet a ‘Bunch of Scumbags’ and the ‘Kremlin Klan’


Maxine Waters does even know why she is saying what she is saying what a fool.

RUSH: ‘Not My Presidents Day’ An Abject FAILURE


The thousands they forecast ending up be less than a hundred in most cities so it was a loser for the left.

MSNBC anchor declares it the media’s job to ‘control exactly what people think’


Sadly way too many of the under 30 cohort have been brain watched in the public schools and are unable to think for themselves; so they get sucked into the black hole of the pop culture.

The Socialism Diet: 75% of Venezuelans Have Lost an Average of 19 lbs


At some point the weight loss will start killing people … 😦

Martin Schultz Wants to Give Refugees the Right to Vote in German Election


 

Schulz Martin

Merkel ExplainsTo win the election in Germany, the SPD & Greens want to move to change the law regarding voting rights. Essentially, they want to give the refugees a right to vote. They need not be an EU citizen nor do they need to pay taxes. The mere right to vote is you happen to be there at the time. Meanwhile, the SPD has now taken the lead in polls from Merkel.  Martin Schulz, the German Social Democrats’ candidate for federal elections in September, is the very person who in the EU wants to federalize Europe and this scheme is intended to use anyone other than Germans to win the election.

The Social Democrats are 63.7% in favor of letting the refugees vote. The Alternative for Germany (AfD) poll shows 96.9% against Schulz’s idea. Can you imagine letting everyone from Mexico come into the USA and then vote if the United States should petition Mexico to join them? It seems the left is just totally insane. They will do absolutely anything to win and that means they will allow all of the Middle East to enter Germany and then outnumber the Germans in their own election?! Where is the logic here?

Spiegel, the German magazine reported: “In 1990, all of Germany celebrated the reunification of a country divided since World War II. But the optimism was naively misplaced. The real German division sees the North pitted against the South.” As Spiegel went on: “What happens when a blonde moves from Berlin to Bavaria? The collective IQs of both places go up — at least according to a favorite joke told in the German capital. And the Bavarians? They just call everybody not from their easy-going part of Germany Sau Preussen, or “pig Prussians.” In other words, not a lot of love is lost between the North and the South in Germany.”

Seven Weeks’ War, also called Austro-Prussian War, (1866), war between Prussia on the one side and Austria, Bavaria, Saxony, Hanover, and certain minor German states on the other. It ended in a Prussian victory, which meant the exclusion of Austria from Germany. This was the unification of Germany. Bismarck had maintained that he orchestrated the conflict in order to bring about the North German Confederation, the Franco-Prussian War and the ultimate unification of Germany.

Germanicus by Titus AsOf course, the concept of Germany as a nation or distinct region within central Europe can be traced to Julius Caesar. It was Caesar who referred to the unconquered area east of the Rhine as Germania. Indeed, Germanicus was the name given to the great-nephew of Augustus, Caesar’s heir.

It was in 962 AD, when Otto I became the first emperor of the Holy Roman Empire, thereby establishing the medieval German state. Interestingly enough, if we square 31.4 we arrive at 985.96 years. Add that to 962 we come to 1947. Just on 51.6 year wave of the ECM thereafter brings us to the start of the Euro in 1999.

The likelihood of Germany dividing North v South is extremely high. This entire refugee issue was bad enough. For the SPD to try to give them votes to take control will set off an internal German civil war.