Deutsche bank to Merge with Commerce Bank | Armstrong Economics

Deutsche Bank is in crisis and everyone has known that. It derivative book is hard to quantify what is the real net bottom line. The only bank it could have been merged with was BNP but that was French and they cannot allow cross-border capital flows in bailouts. That left Commerce Bank, but they too have a lot of the same problems. The two will be merged WITH government assistance covered up. As I have warned, Deutsche Bank is the biggest bank in Europe. I failed to see how Germany could allow it to collapse, Hence, this merger has to be accomplished with government aid – the very thing they tell Italy they cannot do. This is showing what we pointed out – Merkel had to blink.
— Read on www.armstrongeconomics.com/world-news/banking-crisis/deutsche-bank-to-merge-with-commerce-bank/

The Fate of All Municipal Governments – Look to Peoria, Illinois | Armstrong Economics

The system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides eliminating employees, they are now looking at adding a tax of $50-$300 to try to cover their own pension schemes as pension spending consuming everything. Pension costs are forcing Peoria to cut 38 emergency worker positions and to raise property taxes further. Peoria joins the south Chicago suburb of Harvey which is yet another warning of what is coming over the next three years into 2021.
— Read on www.armstrongeconomics.com/world-news/taxes/the-fate-of-all-municipal-governments-look-to-peoria-illinois/

Pension obligations again

A New Arecibo Message to Extraterrestrials Needs Your Suggestions

If you had the chance to talk to an extraterrestrial, what would you want to say? There’s a coalition of astronomers hoping to update an old message sent to aliens in 1974 that talked about the world as it was in the era of the Vietnam War and The Mary Tyler Moore Show. If you’re 5 to 16 years old, you can help craft the new message yourself — and if not, be sure to let the younger people in your life know how to get involved!

— Read on curiosity.com/topics/a-new-arecibo-message-to-extraterrestrials-needs-your-suggestions-curiosity

ET Phone home

European Court of Human Rights Blasphemy Laws: Where a Word out of Place Can Cost Your Life

The European Court of Human Rights ruled that criticism of Muhammad constitutes incitement to hatred — meaning that in Europe, criticizing Muhammad is no longer protected free speech. What the court has actually done, however, is rule out the
— Read on www.gatestoneinstitute.org/13377/european-court-human-rights-blasphemy-laws

Free Speech is dead in Europe