Euro Zone

The EU’s Dangerous New Confidence Game

Posted on by johnbarleycorn12

The first problem of the European Court of Human Rights decision against Elisabeth Sabaditsch-Wolff is that it means that, at least in cases of blasphemy, truth is not a defence. Such a judgement hands over the decision on what is or is not allowed to be
— Read on www.gatestoneinstitute.org/13262/eu-confidence-game

Merz the Anti-Merkel Stands for Election to Replace Merkel in CDU | Armstrong Economics

Posted on by johnbarleycorn12

Friedrich Merz is the anti-Merkel who is standing for election in December to replace her as head of the CDU. Merz is also chairman of Blackrock there in Germany. He has been a German lawyer and politician of the center-right Christian Democratic Union (CDU). He served as a Member of the European Parliament 1989–1994, a member of the Bundestag 1994–2009, and as the chairman of CDU/CSU parliamentary group 2000–2002. In 2018 he announced his candidacy in the CDU leadership election in December 2018. Merz has described himself as socially conservative and economically liberal which means he is pro-business. He supports the European Union and NATO but sees the link to the United States as critical. Meanwhile, Merz described himself as “upper middle class” yet he earns 1 million euros a year and has two private jets – not one. The rumor is Goldman Sachs is in its Crash & Burn mode for paying bribes and Blackrock will replace it as the most powerful financial institution in the world.
— Read on www.armstrongeconomics.com/international-news/politics/merz-the-anti-merkel-stands-for-election-to-replace-merkel-in-cdu/

Germany: Turkish-Muslim Appointed Second-In-Command of Domestic Intelligence

Posted on by johnbarleycorn12

Sinan Selen, a 46-year-old Istanbul-born counter-terrorism expert, will be the first Muslim to fill a top leadership position within Germany’s intelligence community. Throughout his government career, Selen has been resolute in confronting Islamic
— Read on www.gatestoneinstitute.org/13334/germany-domestic-intelligence

Let’s hope this is not virtue signaling at the expense of German security.

Italy v EU – November 21, 2018 | Armstrong Economics

Posted on by johnbarleycorn12

The event today may be the fact that the EU has now stated it will bring sanctions against Italy for refusing to comply with its demands. So here we have the Pi Target and to the day Brussels has officially rejected Italy’s spending budget on Wednesday, November 21st which opens the door to sanctions. With hindsight, we will perhaps look at this day as the start of a further deterioration of the European Union that has converted a trade union into a centralized dictatorship applying a central theme of austerity to everyone regardless of their economic conditions.
— Read on www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/italy-v-eu-november-21-2018/

November 21st, 2018 Pi Target | Armstrong Economics

Posted on by johnbarleycorn12

There are so many things happening in the political world it is next to impossible to figure out what is going to be the focal point for the Pi target since perhaps it could be a combination. The lastest hat being thrown into the ring is the European Commission is planning to enter their sanctions against Italy. As it stands currently, they have proposed disciplining Italy under EU fiscal rules on November 21st, 2018, unless the country’s government agrees to change its draft budget plan according to EU dictates. This could set in motion a drop in Italian debt which may force the ECB to buy more Italian debt or stand back and watch rates go crazy. This may also be the starting point of sending Italy into an exit position from the EU. In the weeks and months from now, we will be able to see that this was the turning point if this takes place.
— Read on www.armstrongeconomics.com/future-forecasts/ecm/november-21st-2018-pi-target/

BREXIT v EU | Armstrong Economics

Posted on by johnbarleycorn12

Dominic Raab, who was the negotiator in BEXIT told the chief whip straight after cabinet yesterday that he would quit. He said the prime minister could still change course and should be ready to walk away with no deal. Naturally, Prime Minister May defends the deal and this is indicative of someone who never supported BREXIT, to begin with. Meanwhile, Chancellor Merkel said talks to amend the draft agreement were unlikely as a deal was “on the table” and Britain should just walk away and let Europe see the stupidity of their actions. Britain is the biggest market for German cars in Europe. A no deal will devastate the German economy at a critical time when it needs that trade the most.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/brexit-v-eu/