The EU has become the modern Byzantine government. To create 2600 works regulating just cabbage is excessive. The saying that God created the 10 Commandments and Man has created tens of billions of regulations trying to restate the same thing, is simply Byzantine. Forgot to put the link on that Cabbage Regulation Story
Pythagoras’ Theorem: 24 words Lord’s Prayer: 66 words Archimedes’ Principle: 67 words 10 Commandments: 170 words Gettysburg Address: 286 words US Declaration of Independence: 1,300 words US Constitution and all 27 Amendments: 7,818 words EU Regulations on Sale of only Cabbages: 2,600 words This is what the term Byzantine means
The Greek government is calling for full disclosure of ALL household wealth. The Greeks are to disclose everything they own — cash worldwide, jewelry, real estate, paintings, and furniture. The Greek government is totally insane and intends to exploit its population simply to remain in the euro without the simplest shred of evidence that such […]
The ban of burkinis in Cannes, France, and nearby towns was upheld in the courts. The general view is that girls in mini-skirts are not suicide bombers. The beaches at the French Rivera are now under guard and people are being searched like they are going on public transportation. The ban on burkinis has also […]
Is a the European bank rally sustainable? European banks continue to rally marginally following the release of the European Bank Authority stress test. However, risks remain with a referendum to be held in Italy proposing to redesign their election process putting any Italian bank restructuring at risk. The EU banking committee proudly announced positive stress […]
This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee with less than 10,000 in population, announced it will begin charging retail customers to hold their cash starting in September. This will apply to accounts greater than €100,000 euros. This means the bank will charge customers 0.4 percent, which amounts to […]
QUESTION: Mr. Armstrong; You said other nations would follow Britain. It appears that Italy is doing so with their referendum. Is this correct? You are very famous in Germany by the way. Thank you. KG ANSWER: Yes. Prime Minister Matteo Renzi has said that a victory in the poll would end Italy’s questionable political system which […]
There are so many incidents with the refugee crisis in Europe that the blog could be filled with that subject alone. Even the press in Germany is starting to shift after countless incidents from knife attacks to a gang beating and robbing British tourists in the same square in Cologne, Germany. Not to mention the media’s […]
COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back to 116 to the rally in gold and its failure to get past 1362 not to mention Brexit and the breakout in the Dow. You […]
COMMENT: Dear Martin, you always claim that the costs for social security will become unpayable from 2017 onwards. In Germany we have health care system organized by the federal government / the federal state. The government now created a “turbo” to bankrupt this system: The government passed a law that allows them to take 1.5 billion […]
