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 in pulling out of all emerging markets cutting 1,000+ jobs.The collapse in commodities will reek havoc of 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 demand 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 just the technical projections. They also warn just taking out the 89 level produces a free-fall. This is just looking more and more like a total disaster of political incompetence and total 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 pension. 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?
Just like Britain in the 1930’s, the USA actually may enjoy quite a good economy as the rest of the world implodes. Capital flight from Europe and China (China’s reserves are collapsing as people flee from the communists) will benefit us. Deflation in commodities is hurting Canada, Australia, Venezuela, Brazil, Russia…on and on…and all to our benefit.
If we elect a true leader like Trump, he may be able to use these facts to set it up for another American Century.
Europe will become an Islamic region in the near future, important parts of it already are.
Unless the people there actually rise up against it and take things into their own hands to prevent it.
Which will end up being a three way battle with an Islamic/Government alliance fighting against the European people.
We’re lucky that sort of thing can’t happen here.
“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 DEMAND taxpayer money to bailout banks fearful that a bail-in will cause a revolution.”
Proofread much?
All of these columns should henceforth end with “Dictated but not read.”
Grammar Nazi
Do you want your money back?
Send your analysis to Martin Armstrong, who wrote the article.
Otherwise, go fuck yourself.
Wait a minute jim, forget Grammer nazi. Look at SpecOpsAlpha. It’s like…like…..maff!