That tribe of smug elitists are the problem and so they can not see the problem which is that they are the problem.
“You can solve Current problems with Current thinking;
Current problems are the result of Current thinking.”
Albert Einstein
That tribe of smug elitists are the problem and so they can not see the problem which is that they are the problem.
“You can solve Current problems with Current thinking;
Current problems are the result of Current thinking.”
Albert Einstein
QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin?
ANSWER: We cannot comment on if the OECD is following our model or who is attending a conference. They are the most widely attended and many just want to know where the computer stands.
We see a massive banking crisis. The European banks are in deep trouble. Deutsche Bank posted a shocking €6.7 billion euro loss with its shares falling 10% in a day. HSBC bought Republic National Bank in New York for a bit more than that. Barclay’s is pulling out of all emerging markets cutting 1,000+ jobs.
The collapse in commodities will reek havoc on all emerging market countries, but there is one economy which nobody pays attention to closely. That is Germany. Yes it is the largest economy and main supporter of the Euro. They need open borders and the Euro to maintain their economy which is EXPORT driven. China is advancing more rapidly than Germany and has focused on trying to develop its internal economy. Spain was the richest nation in Europe with all the gold coming in from America. But they failed to develop their internal economy and collapsed. Germany is declining. It cannot be sustain with open borders and the Euro because the rest of Europe is in serious decline. The refugee crisis is a nightmare and now Italy demands taxpayer money to bailout banks fearful that a bail-in will cause a revolution.
Merkel was against allowing in refugees previously, but then changed her position to combat her poor view for the treatment of Greece and then the brilliant idea of bringing in cheap labor again to help Germany. This entire refugee crisis is far beyond control and now the elites are beside themselves for the manipulations.
German Federal Minister Sigmar Gabriel, who is also head of the SPD, warned at the Economic Forum in Davos of a return to border fences and controls. That would be an economic disaster and would be rising unemployment. This is the German EXPORT model – that and the Euro. But it is coming and with it, the further decline of Germany. This will only fuel the dollar rally when Europeans realize that the break-up of the Euro may lead to Deutsche marks, but will they be better? Now even Soros is saying the collapse of the Euro is inevitable. So everyone is now joining the party; a bit late, but as they say, better late than never.
So welcome to the other side of 2015.75. We have a long way to go down into 2020. Here are only the technical projections. They also warn just taking out the 89 level produces a free-fall. This is unfortunately looking more and more like a total disaster of political incompetence and complete self-interest mismanagement.
The career politicians are incapable of saving Europe and instead are the very people pushing it over the edge. All they are focused on is saving their own ass in Brussels with their pensions. Jean-Claude Juncker has done such a great job destroying Europe, he was given a retroactive pay increase to more than €32,000 PER MONTH. Socrates would do a better job and we would charge based upon performance.
Can a computer be president? Hm. Way of the future?
The Telegraph reported on a shocking new court ruling that may become the final straw that sends the British out of the EU. This ruling has begun the decline into chaos within Britain’s asylum system. This court ruling held that four Syrian migrants should immediately be brought to Britain from what is known as “The Jungle” camp in Calais because they have a right to a family life.
This ruling has very profound implications for it upholds an idea that we are really citizens of the world, and therefore, have a right to live where we want. The borders are maintained politically and through taxes. If we truly recognize human rights in this context, then the power of government should decline.
Alexis Tsipras has to implement pension reform in order to get more loans from Brussels. He is betraying everything the Greek people voted for and is pushing Greece over the edge. Brussels is demanding that the Greeks pay for the shenanigans of Goldman Sachs whom helped Greek politicians cook the books.
Protests against the pension cuts and tax increases in Greece are spreading throughout the country. On Thursday, Greek farmers blocked major roads with their tractors. Among other things, the traffic was hampered on the axis linking western Greece with Turkey. The sailors continued a 48-hour strike. Most ferries remained in port and the rail transport was hampered by work stoppages of railwaymen.
The ONLY solution is to exit the euro. Brussels is totally insane and their actions are designed only to maintain their own jobs. Merkel created this entire refugee mess by trying to show she was human while denying anything to Greece, despite Greece forgiving the German debt after World War II.
It is ironic that Merkel refused to bend for the Greeks, yet she let in hordes of “refugees” who are tearing Europe apart and have resulted in passports checks between member states.
The People’s Bank of China held a seminar yesterday to discuss the
issuance of a digital currency. The Chinese central bank said issuing a digital
currency would have positive implication as it would reduce the high printing
and circulation costs of traditional cash notes, make economic transactions more
convenient and transparent, reduce money laundering and tax evasion and
strengthen the central bank’s control over money supply and circulation. The
Chinese central bank pledged to issue China’s own digital currency as early as
possible.
Speculation is, at last, starting to rise that the HK$/US$ peg could break. The all-powerful governments are suddenly being seen as no so powerful. The massive dollar rally that our model has been forecasting is rather straight-forward. The higher the US$ rises, the more deflation will be exported to economies that are out of sync with the USA.
The dollar haters only talk about the $18 to $19 trillion debt and that is the sole reason, they assume, why commodities must rise and the dollar has to crumble. What they fail to see that it just so happens to be the WORLD. The sea of debt out there has exceeded $200 trillion. When you look at the U.S. government, I hate to say it, but it is a drop in the bucket.
Then we have China in a contractionary decline, Europe being torn apart thanks to the refugee crisis that will only get far worse, and emerging markets who assumed China would buy every commodity in sight forever. There is little hope of anything rising right now to offer any sort of an alternative to the US$ federal debt. Believe it or not, there is a SHORTAGE of federal debt when the entire world has only one place to park BIG MONEY.
Consequently, we will see virtually EVERY currency pegged to the dollar break from Hong Kong to the Middle East. Welcome to BIG BANG.
They are definitely this stupid I agree 100%
Since this is the Roberts Court that like to make law i am not hopeful — but them maybe he will want to make amends for the insane Obama care rulings he made. for a proper ruling
The most telling sign that we are headed into a real political-economic shit storm is the fact that “TRUST” is collapsing on all sides. Every chance Obama gets he wants to disarm Americans. Why? This is simply because government is in trouble and they no longer “trust” the people. Likewise, the “rich” are starting to withdraw their money from investment that would create jobs because they too are worried about the rising discontent among the majority of the population. Then we have the collapse in
trust” among the people of anyone who is a career politician. So welcome to the theme of Davos – the collapse in “trust”.
President Francois Hollande has publicly stated that the French economy is now in a state of “economic emergency”. He set out a €2bn job creation scheme in a desperate attempt to lift France out economic death spiral created by his socialistic policies that have raised taxes and chased out those who create wealth and jobs.
Hollande’s scheme he proposes will be a two-year plan where firms with less than 250 staff will get subsidies if they take on a young or unemployed persons for six months or more. In addition, Hollande says he will create 500,000 vocational training courses but that is pointless without firms hiring.
France’s unemployment rate is officially 10.6%, compared to a European Union average of 9.8% and 4.2% in Germany. However, this numbers are modest and do not properly reflect the students who cannot get a job to even start. He also says that this program will be paid “without any new taxes of any kind.” I suppose he is finally realizing that rising taxes shrinks the private sector and than means less jobs are available.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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