Market Talk – October 31, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 196.14 points or -0.50% to 39,081.25 • Shanghai increased 13.59 points or 0.42% to 3,279.82 [...]
Collapse of the EU – Is it Inevitable?
QUESTION: Mr. Armstrong; The World Economic Conference was outstanding. Your theme that Europe was the focal point for the coming chaos has been proven valid with each passing day. You have mentioned this is the time that will begin the collapse in public confidence within the EU even surviving. I must ask. Do you believe if they call you in and followed everything you have said, is it just too late to save Europe?
Thank you so much
PB
ANSWER: Unfortunately, I know how to restructure Europe so it would function, but I do not believe that would even be sufficient at this stage in the game. We have probably reached the point of no return. All that is now left is the crash and burn. Only then will society reform. I simply believe we crossed that line last year. We began a new declining cycle in 2008 and that was the peak in the euro as well. The start of the real decline in the euro where mainstream capital begins to question when negative rates can really reverse or stimulate the economy unfolds after 2016.202. This comes into play March 13/14, 2016. This is not my personal opinion. This is just the modeling.
This seems to be so important that we will try to put together a video on this matter.
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