Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
QUESTION: Hi Mr. Armstrong,
Can you elaborate on the visa to Europe for Americans? The newspaper here say it’s just an electronic registration like ESTA for Europeans who want to travel to the USA and it’s misrepresented as VISA. Where is the fake new this time?
Kind regards,
M
ANSWER: You must apply to even get on the plane and then the “visa” is stamped in your passport upon arrival. You cannot get on the plane without it.
They call it pre-screening, but it is, in reality, a denial of a visa in advance.
ESTA began as a Fast Track but is making it a pre-requirement to get on a plane transforms it into a visa.
To require pre-screening in advance rather than an option for fast track means it is a visa by another name.