In a very large demonstration against the planned constitutional referendum in Italy to take place on December 4th, 2016, the demonstrations are turning into riots. Hundreds of protesters threw smoke bombs, stones, and fireworks on policemen, who in turn used batons to beat the people. According to Italian media, one person was injured. The demonstrators tried to reach […]
Believe it of not, France is now imposing a 10k speed limit for those riding bicycles. They are using radar guns to ticket riders. When governments need money, they are very imaginative on how to come up with new ways to fine people to get their pound of flesh.
The Italian Prime Minister is calling for immediate help with the refugees. The EU refugee crisis is becoming a huge nightmare and Brussels refuses to simply admit it has made a bad decision. Italy is overwhelmed by the influx of refugees and is now calling for a fresh review. Italy cannot cope with a similar number of […]
The European banks are in much worse shape than their US competition. The reason being argued in Europe is that the US government imposed a ban on speculation after the financial crisis. However, that was imposed on September 19, 2008, and it ended on October 9, 2008. But some Europeans claim that is why US banks survived and want […]
COMMENT: Marty; I can’t make it to Orlando. I waited too long to book and you are sold out. But I wanted to let you know your forecast that the Schengen Agreement would die is spot on as you say. The travel between Denmark and Sweden requires an id check because Sweden took too many terrorists […]
UK Nat West Bank has seized all bank accounts of Russia Today (RT) to end their broadcasting, according to its editor-in-chief- Margarita Simonyan who took to Twitter to announce: “They’ve closed our accounts in Britain. All our accounts. ‘The decision is not subject to review.’ Praise be to the freedom of speech!” RT says that […]
American banks would rather return to the USA than strengthen their activities in the Eurozone. The U.S. banks, overall, now expect the EU to simply disintegrate. Brussels is not about to surrender its dream and is clinging to life as it slowly dies. The general view now is that the European banks are reaching the point of […]
QUESTION: Any update or longer term array for the GBP? You said they are attempting to hold the USD’s advance back any chance there’s also attempt to punish the UK with an attack on the currency? LM ANSWER: Of course. Europe has a different mindset when it comes to currency. They view the currency as if […]
Ten of the large hedge funds are withdrawing from Deutsche Bank. What must be understood here is that Deutsche Bank is the main clearing house for trades in Europe. The problem the hedge funds have is where do they move for clearing? Short-term, they can move to New York or London. With over $60 trillion […]
