Now we have IREXIT forming in Ireland | Armstrong Economics

There is a new Irish political party emerging in the Republic of Ireland to promote leaving the EU, which was inspired by the successful BREXIT movement. Theresa May has really messed up the entire BREXIT movement and at the same time, this has exposed Europe for what it really is – a power and money grab that has been resentful of the British probably from inception since without Britain, Europe would be speaking French when they stopped Napoleon and the German when they stopped Germany. Without Britain, Europe might not exist as it does today. Then add the Irish who saved civilization for the barbarians burned everything in Europe creating really the Dark Ages and it was the Irish monasteries who saved the old knowledge along with the Arabs. So now we have IREXIT Freedom party, which has launched in Dublin who want Ireland to “take back control” from Brussels. The party plans to run candidates in next year’s European Parliament elections and the 2021 Irish general election. Meanwhile, the European Union is in “mortal danger” warns the budget Commissioner Günther Oettinger and has stated that member states are not complying with EU budget directives. He warned Italy will suffer huge penalties if it does not comply. In reality, we are looking at the occupation of Europe by the EU which conquered the continent with an idea rather than troops and guns as was the approach of Napoleon and Hitler.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/now-we-have-irexit-forming-in-ireland/

The European Union Comes Up With aWay to Censor You and Make Money at the Same Time

While in the US some people have discovered that running a YouTube Channel can get you in trouble with the law. One many found himself in Georgia with being charged with running a business without a license even though he was not selling anything just offering his opinion. Of course, there are two licensing options provided by YouTube for content uploaded to its service and suggest an additional third option for users wanting more flexibility for their content and their rules and regulations. The world of information is changing rapidly. There is now radio and TV stations available on the internet expanding the availability of audiovisual content overall. But such broadcasters are regulated and require a license. The traditional reasons for requiring regulation/intervention in broadcast, cable system and satellite system markets, was the scarcity of frequencies, diversity, and localism. With the advent of the internet, certainly scarcity of available frequencies does not apply. These reasons are still used to justify governments’ intervention in media markets which were never supposed to be about stopping free speech. Moreover, media convergence has certainly blurred traditional distinctions between media providers in the various mediums now available. Print media now also offers on-demand videos and other audiovisual content on their websites blurring the old traditional distinction between print, radio, and TV. Likewise, TV broadcasters and radio stations also publish newspaper-like content on their websites. There is the growing problem that regulation seems to have been left in the Dark Ages. Regulators still operate under the license regimes and impose their ownership limits to prevent monopolies. They also impose behavioral restraints and they have rules governing things that they must carry. Naturally, channel position privileges are also decided by regulators. Rupert Murdock had to be approved to buy media companies in the USA. The FCC once upon a time had the Fairness Doctrine, but abandoning that has produced Fake News where broadcasters no longer have to provide a balance to both sides. This has ushered in the age of Propaganda. These regulations have been deemed as NECESSARY yet remain highly disputed among scholars. Such intervention into media has always been dancing on the edge of infringements of First Amendment rights of Free Speech. However, with the new age of the internet, the old interventionist tools really no longer apply as markets converge. Therein lies the problem. Regulators are feeling that they have lost power and politicians have been using the whole Russian conspiracy as a justification to expand regulation that may completely kill free speech. The jurisdiction of the Federal Communications Commission (FCC) is limited to broadcast, cable and satellite – not the internet or print media. It lacks the power to regulate the audiovisual media industry as a whole. With the rise of the internet, people can create their own broadcast companies like InfoWars. I have reported that the new European regulations are actually having an impact globally. Alex Jones’ InfoWars has been banned by Apple’s decision to remove five podcasts by Jones and his Infowars website. Other companies have rushed to join including Facebook, YouTube, and Spotify. The general reason is Jones’s podcasts are viewed as “hate content” which can subject them to heavy fines in Europe. In the USA, the FCC has been weakened with its ability to regulate. It can no longer prevent the emergence of a new market structure in audiovisual media. On December 11, 2007, the European Union adopted an overhauled regulatory framework on audiovisual media, which entered into force on December 19, 2007. The new framework sharply contrasts the FCC’s approach. Not only does the European Union regulate ALL audiovisual media providers, regardless of whether they use airwaves or the internet to convey their content, but it ALSO regulates on-demand offers of audiovisual content. Now the EU has imposed regulation of on-demand offers and that actually opens the door for member states to regulate services like YouTube or Tudou (The China clone in Shanghai). It is the European Union’s intention to cover only mass media which impacts on a significant proportion of the public, or so they say. Barack Obama’ used the internet to win the election publishing his speeches on YouTube. They have alleged that the Russians helped Trump get elected also by using the internet. The internet has created the ability to have a broadcaster-like service and this is driving the local regulators in Europe absolutely insane. They do not have a First Amendment so if the speech content is against what they want to see in the public, they can just shut it down constitutionally applying hate-speech being their favorite label. This actually forced these internet companies to shut-down InfoWars. They fines and damages can be completely insane in Europe. Germany has already taken steps that the FCC and the EU are looking at very closely. The German regulator says Twitch and YouTube streams are considered broadcasts, must apply for a broadcasting license. Germany has already taken that step requiring a radio broadcast license for Twitch. Germany under Merkel is deeply concerned about her negative press. They are starting to regulate and shut down free speech under the pretend of hate speech to protect the public. Germany is deliberately applying regulations that define a broadcaster to YouTube channels. The fee they want runs €1,000 to €10,000 or even more depending upon the viewership. The politicians did not make a new law, it is the regulator applying it and they suddenly discovered that a YouTube Channel is like a TV station. So everyone is watching to see if they get away with it. The EU’s regulation on the internet has been a smashing success and it has forced changes in the USA. The EU can impose regulations to impose must-carry obligations for local channels on worldwide operating TV gateways on the internet or block them from Europe. What has been emerging in Europe is already becoming a major impediment to new forms of audiovisual media and to new ways of producing and conveying content. It is forcing people outside of Europe to comply with foreign laws or face huge fines that would be ruinous in Europe. The FCC, as well as the Supreme Court, are still locked into the old reasons for regulation. The European Union’s approach seems to intentionally force convergence to their desires upon the entire world. They are deliberately trying to fundamentally change the way broadcast-like services are provided. Already, there are whispers in Brussels that to even have a YouTube Channel will require more than a YouTube license from them. The thinking in Brussels is turning to consider a YouTube Channel to have a broadcaster license. Meanwhile, the FCC sits quietly waiting for Brussels to make the first move. Our sources are deep on this issue. We shall see how far they rise to the surface. We are looking at the most direct assault upon the free speech which is all part of the cycle when governments are fighting to keep power. If every country adopts this same policy of Germany, they will succeed in completely eliminating free speech which seems to be the real objective here. If someone wanted to do a YouTube Channel in the EU and had to pay €10,000 annually to 28 members, that would be €280,000 per year. That should shut down just about any independent voices. Yet once again, the fact that Germany gets to do this demonstrates why the EU is a failure when any state can act arbitrarily.
— Read on www.armstrongeconomics.com/world-news/corruption/eu-considering-requiring-a-broadcaster-license-to-have-youtube-

Will Inflation Return to the Eurozone? | Armstrong Economics

There are three distinct types of inflation – Demand, Asset & Currency. The major type of inflation that everyone assumes is DEMAND. This unfolds when there is actually an economic boom and people have confidence in the economy. Asset Inflation is when there is no real demand from the consumer but the asset values rise primarily from foreign investment. This is normally witnessed in real estate, stocks, and bonds. There is a subdivision of Asset Inflation that is concentrated to a single area such a food that is driven by a collapse in supply due to perhaps a drought or flooding. The third type is Currency Inflation. This is when the actual nominal value of assets do not change, but the currency fluctuation will attract or detract foreign investors because of the large fluctuation in the value of the currency on world markets. During the 1970s, I always bought German cars. A Porsche in 1970 was about $12,000 and by 1980 it was $50,000. The rise was really created by the decline in the dollar which created the perception that German cars would so well built, they would appreciate. I would drive one for 2-years and sell it used for a profit. This was the net result of CURRENCY INFLATION. As the Euro declines, we will see inflation in the Eurozone rise sharply. The ECB will proclaim victory after 10 years, but this has nothing to do with Quantitative Easing.
— Read on www.armstrongeconomics.com/armstrongeconomics101/economics/will-inflation-return-to-the-eurozone/

ECB Panics – Tells Banks to Stop Converting to Dollars | Armstrong Economics

The European Central Bank is instructing banks to restrict the conversion of Euros to dollars. The Euro has fallen to 113006. Once again, the dangerous game here is when we cross that line of demarcation between CONFIDENCE in government and the REALIZATION that there is nobody in control but the free markets. Once all the talk and all the promises are no longer considered to be worth listening to, that is when the monetary crisis begins to really shake the foundations. We are moving closer to that point of no return. The truth always comes from the mouths of babes. In the case of politicians, it is the new one who comes to power and has not yet learned the tricks of the trade. In this respect, Italy has spoken the truth. The ECB has had the Eurozone on life-support. They cannot pull the plug without the collapse of the Euro and with that, lies the jobs in Brussels. This is why they will become draconian and attempt to outlaw selling the Euro all to maintain their jobs. They will lose. The free markets ALWAYS win!.
— Read on www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro/ecb-panics-tells-banks-to-stop-converting-to-dollars/