Общая ситуация вокруг Европы

[Mikhael]

The European Union (EU) has been pushing Italy for a very long time to reduce its deficit. Of course, governments are never capable of reducing their own expenditure. This results going in only one direction – raising taxes. Prime Minister Paolo Gentiloni had to agree on the concrete measures. The bill is now being discussed in Parliament, which has 60 days to pass. Italy has the second highest debt in the Eurozone after Greece.

This is why the EU is doomed. There will never be any reform that addresses the people. It is always about raising taxes to maintain government power and to hell with the people. The upcoming Germany vote still appears to be fragmented and as a result, Merkel may remain as Chancellor at the end of the day. We will have to run our models soon on the German election.

This is why I have warned that the Euro will fail. Had Brussels consolidated all the debts from the outset, then the Euro would have competed against the dollar. Leaving everyone to hold their own debts only created a single currency and then the fear that if one member expended their debt, it would impact everyone else.

This system is tearing Europe apart and unemployment in each country will turn to civil unrest and point the finger at Brussels. The debts should have been consolidated and the central bank would have then had a single bond issue for reserves. Now, the entire banking system has to be politically correct, owning a piece of everyone. Even the ECB has 40% of all government debt throughout the Eurozone.

It is beyond brain-dead to maintain this system demanding individual countries sacrifice their own domestic policy objectives for Brussels’ demands. In the USA, each state has its own agenda, but their debt is not acceptable as reserves for the banks. The Euro system is simply like being somehow half-pregnant.

[Mikhael]

ISIS said they would flood Europe with 500,000 Islamic extremists. There is a real and genuine threat.

[Mikhael]

Andreas Schieder (born 1969) is the parliamentary head of Austrian Chancellor Christian Kern’s Social Democrats. He is a typical career politician since 1997 and the very type of person who has no idea about the world economy no less human nature. He is a highly dangerous bureaucrat who only looks at people like cattle from which the government can extract greater and great sums.

Schieder is obviously a Marxist who wants to now tax human behavior and any interaction you have with Twitter Inc., Google or Facebook among others. He wants to tax every time you do anything from searching, posting, tweeting or just liking someone’s post.

He claims this is really a barter transaction where it appears to be free but you are giving them your personal data that they sell to advertising. That arrangement is a form of bartering and any barter transactions is subject to the value-added tax. He said according to Bloomberg:

“The business transaction that’s going on here is that users are paying with their personal data,” Schieder told journalists in Vienna. “The business model of those internet companies is based on massive revenues that are generated with the help of those data.”

Andreas Schieder is a highly dangerous man. He only looks at what government can extract from people, never how government can reduce its size and cost to save money. It’s always just raise more and more taxes without end.

[Mikhael]

The French media is portraying Macron as a centrist. It is expected that Macron should be able to attract a wider spectrum of second-round voters than Le Pen, pulling in left-leaning voters from Hamon and Mélenchon as well as those leaning to the right that voted Fillon in the first round. The polls put him at 65%.

Our computer projected that the “populist” vote would win. Indeed, for the first time in modern French history, the runoff vote will not feature a single presidential candidate from a mainstream party. The Conservative and Socialists all lost.

The elite want Macron to win but this will be the nail in the coffin for the EU. Brussels will assume they defeated the “populist” simply if Le Pen loses. However, the mainstream parties all lost already. Macron will simply mean that Brussels will not reform and that suggests that we are looking at the collapse of the Euro moving forward into 2018. Our Yearly models have had three Directional Changes 2017 into 2019. Our Monthly Models have been targeting May 2017 for about one year.

A Macron victory should help the Euro hold for now. The key resistance stands in the 113-114 zone. The press will try to manipulate the people to save the EU. That is the agenda of the press in Europe, so they will cheer Macron and do their best to destroy Le Pen and in doing so, they are condemning the EU to utter failure. All they can see is keep the EU together even if that leads to internal civil war within Europe. The only thing holding the EU together is France and Germany.

[Mikhael]

Завтрашняя победа Макрона на выборах приведёт к кризису в Европе, хотя поначалу европейское руководство вздохнёт с облегчением и решит, что ничего принципиально менять не надо.
If Macron wins, we are looking at a very hard landing for the EU next year. This will probably rise up even violently and places Europe at risk of civil war from the standpoint that Brussels has federalized Europe behind everyone’s back.

[Mikhael]

О демографической угрозе и о предательстве левых, готовых пожертвовать будущим национального государства ради электоральных достижений. Это происходит не только во Франции и не только в Европе.

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[Mikhael]

Le Pen conceded but will lead her Party in the Parliamentary elections next month. Macron paid a token gesture saying he understand the anger of 35% of the people who voted for Le Pen. Nevertheless, while the mainstream parties collapsed in France warning that the entire population really voted against the establishment, the sad part comes when the French people wake up and realize that Macron will not save France and if anything Brussels will now move aggressively to lock-down Europe to prevent another BREXIT. Brussels, based upon reliable sources, will seek to secure their own survival and move to federalize Europe to protect their own jobs.

To those who has asked if I would consult with Macron’s government, let me put it mildly. First, he will never call me and two, it would be a huge waste of time. This simply has to play out now. Brussels will NEVER reform or asking if there is something they are doing wrong. Europe will have to crash and burn politically before change will ever come.

The computer was correct back in 2015 when it projected Le Pen would beat both the Socialist and Conservatives. Now the second part of that forecast was just set in motion. There will be no reform for Europe so we are looking at a very hard landing.

[Mikhael]

Angela Merkel was the first phone Emmanuel Macron made after the election. My point about the election for Macron was the worst possible outcome for the Euro was not just reflected in yesterday’s outside reversal to the downside. Merkel has already made it clear that she will not relax Eurozone spending rules to help Macron. The defeat of Le Pen has sealed the fate of Europe because there will be no reflection upon how to reform the EU to save Europe.

Only a sublime idiot would now think everything in Europe will be just great. We are looking at a major hard landing for Europe. Keep in mind that local governments even in the USA are doomed for all they can do is raise taxes further crushing their population and destroying their own economy.

Nonetheless, there is a lifetime in politics between the May victory for the establishment in France with Macron who cannot possibly help calm France and the election of Merkel in the fall. The biggest disappointment of Obama was being the first Black President, hopes were so high for a real change. When everyone saw he did the same thing as Bush, this set the stage for the Trump victory. Republic or Democrat offered nothing.

Our computer was correct in forecast the mainstream political parties in France would be defeated. That took place. Now the expectations are so high for Macron to change things, when the French people realize he is the same as what they had under Hollande, the backlash can still come before the German elections. The civil unrest in France is unbelievable. The tension there you can cut in the air with a knife.

Macron will fail and with him, the dream of Brussels.

[Mikhael]

Wolfgang Schäuble has already been jawboning Draghi to reverse course. Draghi knows he has 40% of all Eurozone public debt. He has lost total control of the crisis and has become the crisis. He is frozen like a deer in headlights. Schäuble want Draghi to leave, but he has a 10 year term. This will not end nicely. We may see the crisis be the reason the Euro turns back down after testing the overhead Reversals in the 113-114 zone.

[Mikhael]

Развал Европейского Союза к 2022 году?
https://www.armstrongeconomics.com/inte ... rom-spain/