Understanding Why the Euro is a Failure & The One Big Happy Family | Armstrong Economics

If you ask in Europe are people happy with the Euro, you will generally get a response of about 80% in favor. Even if you ask are people happy to be part of the EU, the majority over 90% will say yes. The curious thing is they buy this propaganda that on the surface Europe is all one big happy family. However, when it comes to consolidating the debts of Europe, you barely get a 10% approval rating. So on the one hand, Europe is one big happy family, but they are not about to support the cousin or brother-in-law who they regard as a derelict spendthrift who always squanders his money on wine, women, and song. So yes, he is a family member, but you keep him at a distance and tolerate him at obligatory family weddings and funerals. There it is – the Euro Crisis. The cultural disparity will never be overcome. The proposals being whispered behind the curtain now is for Brussels to issue Euro bonds and then distribute that money to the derelicts in the family. They have realized that the failure of one may bring the whole family down. Because there is this monumental resistance toward assuming the debts of the derelict brother-in-law, it is best to leave him with his debt and hand him charity so he does not starve.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/understanding-why-the-euro-is-a-failure/

Yellow Vests Destroying Speed Cameras | Armstrong Economics

The Yellow Vest movement is indeed spreading worldwide. In France, they are out destroying speed cameras. Most Americans are familiar only with the red light cameras that cities have been forced to take down for they are unconstitutional. That is why you did not get points for the violation, just penalties. In Europe, the speed cameras are outrageous. When I was living in Switzerland for a few months, boy did I get tickets galore. You suddenly find out that you get a ticket for just 1 km over the speed limit. In the States, a cop will not give you a ticket until you are more than 10 miles an hour over the limit. Your speedometer can be off as well as theirs. In Europe, there is no such recognition. In Rome, just don’t bother even renting a car. All you will get are countless tickets as they change the speed limits at different times during the day and they will take a year to send you a ticket without any description of what the fine is even for. In Europe, these are just an excuse to impose more forms of taxes. As government becomes ever increasingly desperate for money to pay their own pensions, we are headed into a clash that will be civil unrest on a global scale that will begin to rise much more dramatically after the turn in the ECN come January 2020. The polls show that the Yellow Vests Movement in France has 70% of the population behind them.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/yellow-vests-destroying-speed-cameras/

I like this idea

May EU Elections Promising to be Major Issue | Armstrong Economics

Two more politicians in France have abandoned Macron and joined the right party of LePen ahead of the May European elections. Our sources in France are clearly revealing that the Yellow Vest movement has had a profound impact on politics. Macron’s promises to raise taxes on the rich are falling short because that just never seems to result in lower taxes for anyone else. Our models are shaping up to show May as the major turning point here in 2019. This will have a profound impact on European share markets as well as the currency. Meanwhile, the EU is really at war with Poland and its policies have been outright deliberately intent on punishing Poland. This is leading to the development of a new coalition causing Ital and Poland to join together against Brussels to form their own anti-EU league.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/may-eu-elections-promising-to-be-major-issue/

Germany Slips into Recession Following the Economic Confidence Model | Armstrong Economics

COMMENT: Mr. Armstrong; Your ECM has been amazingly accurate. Not only did real estate peak, but it is now official, Germany is in a recession. Great job HW REPLY: There is an accurate business cycle that unfolds but you must step back and observe it from a global perspective. The Economic Confidence Model has a long track record. The numbers are shocking. For 8 out of 12 months in 2018, German production has declined. On average, manufacturing declined 4.1% in November and energy production decline 3.1% in November. Even new construction has declined 1.7%.
— Read on www.armstrongeconomics.com/international-news/germany/germany-france-slip-into-recession-following-the-economic-confidence-model/

The politicians are killing the German economy