Guest Post by Martin Armstrong
The most conservative assessments have been that Putin could be in Paris in less than 30 days. Europe has been more concerned about steering money from defense to Marxist socialism. The net result is that Europe is not really prepared for a conventional war with Russia.
On top of that, this COVID nonsense which has been all about bringing Climate Change and Schwab’s Dreams of Marxism to come true has severely weakened the European economy. Europe has destroyed its bond market and now major US banks, who pulled out of the REPO market with European banks back in August 2019, have now also declined to lend against any European sovereign debt.
