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.

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.