There has been a real crisis evolving in Berlin. When the Wall came crashing down, East Germany regarded that it owned all the property and thus sold vast tracts of apartments to major investors. Now 20 years later, the socialists are claiming this is not fair and the government should either buy the property back from these investors or confiscate it. There are many people on the left and in the Green Party who see nothing wrong with confiscating private property. Why should they pay for something they cannot afford to buy? Under their reasoning, there is some human right that should allow them to go into a car dealership and drive away with what they want because it is unfair that they cannot afford to buy it.

Berlin has been toying with the idea of holding a referendum on banning big landlords and expropriating their homes into social housing. This is part of a response to growing complaints in the German capital about the cost of living. The expropriated homes will be some 200,000 units that would then become government property, once again, and could be rented out for below market rates.

The danger of allowing private property to be seized without compensation is that it will be devastating for Germany and Europe as a whole. Real property is critical to confidence. If the state can even allow a referendum where the majority of people will be handed the property of the minority, this is really a return to the days of the Nazis. They could not borrow funds on the open market so they targeted the Jews and expropriated all their property. Of course, in those days they killed them. Today, they won’t kill the investors. They will just take all their wealth. It seems that allowing referendums to retroactively change the law is very dangerous. If anyone wants to know why the euro could collapse to new historical lows, put this one into your thinking cap and ask if you want to invest in something that can be arbitrarily confiscated.

QUESTION: I believe back at your 1985 WEC, if I remember correctly, besides the 2016 target for the first opportunity for a third party type president, you also gave the date 2021 for the potential breakup of the Treaty of Rome. Could you refresh my memory on that one?

See you in Rome

Thanks as always

WN

ANSWER: There were two dates for Europe. Economically, the first date was 2008. That was the end of a 51.6-year cycle from the signing of the Treaty of Rome. The second date is 2020.03, which is two Pi cycles of 31.4 years. Now 2020.03 lines up with the end of this particular Economic Confidence Wave that turns 2020.05.

This is why Rome is going to be an interesting WEC, to say the least. We are preparing an authoritative work entitled “The Fate of Europe.”

We are reaching an extremely important change in trend. You can see the pressure and all that is at stake for the EU itself has set up a site it pretends to be a Fact Checker. This is indicative of the rising tensions.

Then we have total insanity with BREXIT where Prime Minister Theresa May is really working for the EU against her own country. The postponement of BREXIT until October 21st is on the table. May hopes that it will come down to accepting whatever terms the EU demands. She hopes Britain will surrender all sovereignty to Brussels or accept a hard exit, which she thinks everyone would reject. She believes the choice will be a hard exit. She is pitching it as the end of the world or remain and overrule the people and democracy.

In all the years I have worked around the world with various governments and political figures, I have never seen the entire world in such total chaos.

Historically, there was always some bright spot where the sun still shined. Today, it just seems to be gray and overcast everywhere we look. We seem to be on track to fulfill our manifest destiny whichever direction that will be — toward liberty or totalitarianism. There seems to be little other option. It will take us all to push for liberty when the time comes.