Germany Brags It Has Record Surplus

The entire AUSTERITY policy of Germany is really oppressing its people to the point that their assets rank nearly the lowest in Europe and below that of even Italy. A German earning just $75,000 annually ends up in the 50% tax bracket. The economics of Europe is really reducing the standard of living and this is really behind the Yellow Vest uprising. Germany has imposed its AUSTERITY economic philosophy upon the whole of Europe.

This is coming to a head with the clash over the Italian budget. This May we will see major elections in Europe and there is a rising tide against austerity. We are holding our WEC in Rome this year May 3-4, because this is an EXTREMELY IMPORTANT turning point for the entire world. The stock market rally in the USA from December was driven by capital pouring into the USA as Europeans bought what the Americans were selling. While retail participation is still at 50% of 2007 levels, brokerage houses are reporting that clients have record high cash in their account post-2009.

The impact of the May elections will set the tone not just for Europe, but for the entire world.

 

Latest Posts

When Religion Attacks Itself

Religion has always influenced economics and geopolitical events. For nearly two hundred years, the emperors of the Eastern Roman Empire, known as Byzantium, had followed the traditions of just placing [...]
Read more

Who was Francis Scott Key?

With the bridge debacle, the name Francis Scott Key has been a topic of controversy. Francis Scott Key was an American poet, author, and lawyer from Frederick, Maryland. He witnessed [...]
Read more

Good Friday & It’s History

One of my more interesting trips was to Jerusalem for Easter one year. You walk the streets of this ancient city, and they have marked the Stations of the Cross [...]
Read more

Market Talk – March 28, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 594.66 points or -1.46% to 40,168.07 Shanghai increased 17.52 points or 0.59% to 3,010.66 Hang [...]
Read more