Spain is showing that it truly remains a fascist state in the spirit of Franco and Rajoy plans to just seize Catalonia. Meanwhile, the Catalan citizens’ movement, Assemblea Nacional, is calling on all Catalans to withdraw all their money as much as possible from one of the five largest Spanish banks to increase pressure on Madrid, These […]
France’s President Emmanuel Macron is calling for a radical restructuring of the whole EU. Macron has presented his map for the EU into 2024. He is proposing that the Eurozone budget must include a joint force for military operations. Macron intends to finance this new budget with its tax – the “EU tax” he calls it. Macron has looked at […]
They just don’t give up. Now the OECD is coming out telling Britain to have a new referendum and stay in the EU. They claim, without any evidence to back up one work, that they “believe” it will have a positive impact on the British economy. One really has to wonder if they have not […]
QUESTION: Mr. Armstrong, you said when you were here in Berlin that the EU Commission is about as incompetent as the US Congress. You also said Macron is trying to federalize Europe as the solution Could you elaborate on that comment? ANSWER: The EU Commission at present is composed of 28 Commissioners, who must always ensure […]
QUESTION: Mr. Armstrong; I know you use to live here in London and in Berlin, you said you still had your British driver’s license. Everyone knows you were friends with Prime Minister Margaret Thatcher and that you are the one they called when Britain had to face its disaster in joining the ERM. If you […]
QUESTION: Marty; There is talk that Britain will join NAFTA rather than the EU. Does that make sense? What do you think? ANSWER: The EU is in a death spiral. Every law they pass is to preserve their own power – not for the good of the people or Europe. Once again, the government solution always […]
The European Union has ordered AMAZON to pay about 250 million euros ($294 million) in taxes to Luxembourg, saying it was given an unfair tax advantage from 2003 because it paid less than they would have paid in France or Germany. The EU is retroactively changing taxes. This is a sure fire way of telling […]
COMMENT: Mr. Armstrong; the Spanish and Italian bonds are getting hit. You were spot on again. RW REPLY: Yes the peripheral spreads on the Spanish government bonds (at 10yrs) are 8bp wider than Friday close. Italy is also widening – out by 6bp but still early in the trading day just yet. The Spanish IBEX is […]
The Spanish state police violence have turned against the people showing that they are clearly still a fascist reign supported by troops. Riot officers have been firing rubber bullets at crowds protesting in a Barcelona street, sending people running for cover. Countless are injured. This demonstrates that Spain is not a place for investment and one […]
Prime Minister Teresa May has walked into a hornet’s nest. By trying to drag out BREXIT into 2021 or beyond, the European Parliament has responded that it is set to demand that Britain will have to still be subject to all EU regulations and be subordinate to the European Court. That means trading in London will […]
