GDPR Creates an Overwhelming Bureaucratic Nightmare in Europe


 

The new data protection legislation in Europe known as GDPR. has resulted in simply overwhelming the government with complaints and inquiries from small businesses who do not understand the regs. In Germany, the various agencies are reporting a 500% increase in complaints. Even in Bavaria, 2,974 consultations took place in 2017, and so far this year it has reached 7,000 by October 1st. This legislation was really all about being able to prevent mass email campaigns that were political. They really did not care if people received junk emails. However, creating a law and pretending it is to protect consumers requires broad language to hide the fact it was to prevent political solicitation. They have created a nightmare all to prevent email campaigns that took place in the 2016 US presidential elections.

What is Wrong with Formal Education


QUESTION: I too am French and nobody in school ever connected the weather to the defeat of Napoleon even with so many deaths on his failed invasion of Russia. History is interesting, but it seems to be taught based upon some political agenda. What would you recommend for students to study since the formal education system is such a failure?

PG

ANSWER: Yes, when I was in Paris, I was asked if I would debate the top three economic students. I agreed. However, instead of a confrontation for TV viewers, it turned out to be a question session of how to fix the French economy conceding that what they were being taught was wrong.

From a historical viewpoint, I always refer to contemporary writers. However, you must keep in mind that history is very often written only by the victor. We all learn quite a lot about history in school, but it is typically slanted. Nevertheless, it is also true that who don’t know history are doomed to repeat it. However, those of us who know history are also doomed to watch others repeat it. Ever since man has done anything, there has been someone nearby going “huh, maybe I should write this down.”

The way to understand the past REQUIRES a discipline that embraces all the fields of science. Back in the 1980s, I attended a lecture by a Scientist on the findings of the ice core samples from Greenland. When they disp[layed a graf of the energy output of the sun and documented from the ice core samples, I was stunned. I approached the presenter and informed them that their chart projected the rise and fall of empires which matched the Economic Confidence Model.

Back in the 1980s, I knew the model worked, but I could not explain why other than simply saying there were cycles. Suddenly, I saw history impacted by weather. I knew the 1906 San Francisco Earthquake set off the Panic of 1907 due to capital flows and that led to the creation of the Federal Reserves with all its branches that operated independently to manage the capital flows internally within the nation.

By keeping an open mind, I began to look at every field of science for explanations. By putting everything together, the picture became focused and suddenly the light went off. The key is being a diverse explorer. School is the opposite. I would go to Physics class and the professor would say nothing is random. Einstein said he did not believe God played dice with the universe. I then went to economics class and the professor said everything is random so don’t bother trying to forecast something. Because it’s random, that meant government could and should manipulate society to eliminate recessions. They have not succeeded in doing so even once.

Merkel’s Conservative Lose Absolute Majority in Bavaria


It is really mindblowing how politicians simply refuse to admit a mistake with the refugees and reverse course. Merkel has dug in her heels in over this issue and it is just not going to get better. From the outset, I warned that in an economic decline, the last thing you do is accept immigrants. This is not my opinion – it is just patterns from the past. That similar event of immigrants coming in during an economic decline led to street battles in the USA when it was just the Irish during the 1840 Great Depression and Sovereign Debt Crisis. History repeats for the same stupid decisions time and again. Merkel has set the stage for violence in Europe and political discontent that threatens to undermine the entire EU projected.

In a further erosion of Germany’s political mainstream is clearly underway. The Bavarian conservative party, the CSU, has lost its absolute majority. Meanwhile, the Greens have become the second-largest political force in southern Germany. Additionally, the Eurozone sovereign debt crisis continues to brew. European officials are back in the spotlight recently as the debt crisis in Italy has cast Europe directly in the eye of the storm. The loss of the CSU in Germany is undermining the survivability of Merkel. With her demise, we will also see the collapse of the Euro.

The ECB on the Verge of Collapse?


 

The European Central Bank (ECB) will NOT aid Italy with an EU rescue program if the country or its banks are in financial turmoil. The Italian government is taking the view that Italy has become an “occupied” country and that Germany has conquered Europe imposing austerity and its view of inflation upon the whole of Europe without firing a shot. While the spin is that the ECB is making Italy a test case to demonstrate that Europe and its mechanisms work, in reality, it is a realization that the ECB cannot save Italy’s financial institutions because austerity has created the greatest economic depression perhaps in economic history.

The new five-star Movement in Rome and Lega have been on a confrontational course with the EU Commission, as they plan a higher level of new debt to fulfill election promises. The EU Commission, on the other hand, is calling for less spending and the implementation of austerity as demanded by Germany. Italy is already sitting on a debt of around 131% of GDP. The financial markets are nervous for they see a confrontation that could tear Europe apart at the seams. Italy now has to offer investors significantly higher interest rates when placing its government bonds in order to raise money. In addition, the gap to the yield of German government bonds widened. But in reality, stopping the ECB’s Quantitative Easing will result in interest rates rising by at least 300% very rapidly. Italy is getting ahead of the curve BEFORE everything comes crashing down.

The EU rules prohibit the ECB from helping a country unless it has agreed to a rescue program of EU partners. Then, for example, the Euro-watchdogs could buy up Italian government bonds in order to contain a rise in yields. This provides for a monetary policy emergency tool adopted in 2012 – called “OMT”. However, this has never been used before. The ECB, behind the curtain, fears that if they try to use this mechanism and it fails, as our model warns, then the CONFIDENCE in the entire EU system will collapse.

Australia Turning Really Authoritative? Is this How a Dark Age Begins?


The greed of governments in their pursuit of money is the single greatest threat to creating a Dark Age. With New Zealand imposing a $5,000 fine for just landing there and you refuse to hand over your pen and passwords to your phone for them to search, now we have Australia going really nuts to the point that they risk tech companies simply banning the sale of their products in the country. The Assistance and Access Bill 2018 in Australia will force Google, Apple, Facebook, and other technology groups to help Australian authorities decode certain forms of encrypted communications on their systems, or face fines of up to AU$10 million. The government says the legislation will help protect against terrorism, fraud and child abuse crimes, claiming it aims to ensure criminals “have no place to hide.”

The problem that arises that failure to pay taxes they also call criminal. Hence, the hunt for money is greatly aided by this type of legislation far more than any other pretend criminal activity. While the government has stopped short of demanding backdoor access to tech companies’ systems that would allow the government to tap into end-to-end encryption services such as WhatsApp, it does demand access to data at “points where it is not encrypted.”

Apple, FOR INSTANCE,  would not be made to create a backdoor for their iMessage where every user’s encryption key is different. But the government could request access to the single encryption key for its iCloud services. When you send a message to a friend, it’s encrypted as it travels between the two devices, and when it arrives, it’s decrypted for your friend to read, which is when the government should get to read it. The Australian government is cleverly demanding not a backdoor, but a “side door” to gain access to whatever people are sending.

Naturally, the cybersecurity minister claims this will only be allowed under strict guidelines, with companies subject to three levels of escalation: an interception agency requesting the company voluntarily assist; a “Technical Assistance Notice” whereby the companies are instructed to help; and a “Technical Capability Notice”, which can only be issued by the attorney-general and basically means “comply or face a fine.” However, such promises from governments are really worthless. They always go beyond their claims of restraint.

Apple has filed a complaint stating that the Australian government previously stated that they would not to weaken encryption or compel providers to build systemic weaknesses into their products for that would undermine the entire internet and bring commerce to a halt. Apple has made it clear that this legislation poses serious risks:

  • Overly broad powers that could weaken cybersecurity and encryption
  • A lack of appropriate independent judicial oversight
  • Technical requirements based only on the government’s subjective view of reasonableness and practicability
  • Unprecedented interception requirements
  • Unnecessarily stifling secrecy mandates
  • Extraterritoriality and global impact

Governments are in serious trouble and they will be raising taxes dramatically before they ever dare try to reform. In 2016, Apple fought back when the FBI attempted to compel Apple to unlock the San Bernardino shooter’s iPhone. Creating backdoors means that sophisticated hackers will discover them and exploit them faster than you can blink an eye. There is a profound risk of bringing down the entire digital e-commerce world and you are looking at the destruction of the entire world economy. Apple has come out and stated that this bill is still unfit for today’s world. Governments around the world have to realize that their greed can topple our very way of life

Angela Merkel Political Allies Crushed in Bavarian Election…


In yet another example of voters rejecting the mass-immigration and suicidal pro-jihad policies of German Chancellor Angela Merkel, Bavarian voters delivered the most crushing defeat to her aligned political allies since 1950.

The Christian Socialist Union (CSU) lost more than 10% of their previous support; and their closest allies, the Socialist Democrats (SPD) also lost 10% of their base.   The Alternative for Germany (AfD), a party focused on stopping the pro-jihad policies of Merkel, gained a strong foothold; and the Green Party became a landing place for those ‘tweeners’ who do not wish to be argumentative, yet disagree with Merkel’s political allies who accept a few Bavarian deaths as necessary to advance multicultural sensibilities.

[ie. Green Party gains = those who no longer support Germany’s rush to self destructive jihad, but also don’t want to run the gauntlet of being called racist within the AfD.]

BERLIN/MUNICH (Reuters) – Chancellor Angela Merkel’s Bavarian allies suffered their worst election result since 1950 on Sunday, bleeding votes to the far-right and the ecologist Greens in a setback that raised tensions within Germany’s crisis-prone national government.

The Christian Social Union (CSU) won 37.3 percent of the vote, preliminary results showed, losing its absolute majority for only the second time since 1962 – an outcome sure to stoke infighting in the conservative party, already a difficult partner for Merkel in Berlin.

“Of course today is not an easy day for the CSU. We did not achieve a good result,” Bavarian premier Markus Soeder told a gathering of his party. “We accept the result with humility,” he said, adding that the CSU nonetheless wanted to form a stable government as soon as possible.

The result, which saw the pro-immigration Greens come second and the far-right Alternative for Germany (AfD) enter the state assembly for the first time, means the CSU will need to form a coalition – a humiliation for a party used to ruling alone. (read more)

New Portland Travel and Modern Tourism Commercial…


Portland, Oregon, is located in the Northwestern United States.  Portland is considered the cultural mecca for the most refined vision of left-wing Marxism.  Known as a hub for modern cultural and political violence, all tourists are now provided complimentary helmets and batons to facilitate vacation transits to various points of interest.

Portland Mayor Ted Wheeland welcomes each visiting family to a modern Portland, and his leadership team are committed to maximum excitement during your stay.   Welcome to Portland – You’ll fight like hell to like it, or else:

https://videopress.com/embed/lrghtxKh?hd=0&autoPlay=0&permalink=0&loop=0(Source)

It Ain’t Interest Rates – It’s the Elections Stupid!


Jeff Bezos of Amazon loses about $80 million for every dollar the stock goes down.  No billionaire was hit as hard by the drop this week in the share market than Jeff Bezos. During the Wednesday selloff alone, the Amazon founder and CEO lost more than $9 billion. This is how they measure people’s worth by the value of shares they hold which is NOT cash. If he ever tried to sell everything, the share price would also crash. At the peak, his net worth reached $160 billion, according to Forbes.

 

The Bloomberg Billionaires Index shows Bezos total net worth is $145 billion, comfortably ahead of Bill Gates, who sits second at $96.3 billion. Gates lost more than $2 billion, while Warren Buffett lost nearly $4.5 billion. When we look at the Arrays, the week coming up as a key target has nothing to do with interest rates – it’s the elections STUPID

Currency War – The Misguided Understanding of the FOREX Markets


 

While the IMF chief Christine Lagarde has come out expressing her fear that not only a trade but also a currency war may emerge that could dampen the growth of the global economy, there are some serious issues that need to be addressed.  The problem with misunderstanding currency and its role in the floating exchange rate system can easily engulf even bystanders in this clash of the titans – US v China.

 

The background behind the smoldering trade dispute between the world’s two largest economies, the US and China, demonstrates that there are serious misconceptions of the role of currency. President Donald Trump has fanned these flames for he too fails to understand the FOREX markets. Trump accuses China of unfair trading practices and theft of intellectual property. The People’s Republic is also accused of devaluing its currency against the dollar, which tends to widen the already high US trade deficit.

 

The dollar has been rallying against the yuan since the March low here in 2018. Clearly, the dollar is going to rise further for a trade war will hurt China more so than the USA. While we see critical turning points in January and March in 2019 followed by May, we must keep in mind that this pattern of a dollar rally is impacting the entire world. Trump FAILS to understand Capital Flows and his accusations against China is manipulating its currency to beat the USA in trade is NOT justified. Our models are showing the capital flight from China but also from Europe overall which contributed to the US share market rally into October basis the Dow Jones Industrials, which foreign capital buys looking always for the trophies.

We have tremendous Panic Cycles throughout 2019 and we see even the yuan is lining up with the targets concerning BREXIT. This is by no means a Chinese manipulation. What we see ahead in 2019 is anything but a nice steady market projection.

Tucker Carlson Discusses “The Mob”…


Fox News host Tucker Carlson joins Jesse Watters to discuss the Marxist left, the raging mob, and Kanye West’s visit to the White House: