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 […]
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 […]
(Note: The blue labels mark the change in the issues we used to create this perpetual index for long bonds) Germany sold 10-year debt at a negative yield on Wednesday of last week, becoming the first Eurozone nation to do so and setting a further milestone in the relentless fall of government bond yields around […]
When it comes to taxes, just shut up and pay. It does not matter what the “intent” is — just pay. The German High Court upheld a broadcasting tax that requires everyone to pay for TV and radio. It seemed logical to question why someone should pay the tax if they do not own a TV or […]
German Finance Minister Schäuble is touted to replace Merkel. Like other politicians of his age, he too is just in a state of denial. Despite the fact that 2/3 of Germans are fed up with Merkel over the immigration issue, Schäuble is calling for more immigration into Europe. Otherwise, Europe will “degenerate into [an] inbred” continent. Once a […]
COMMENT: Dear Mr. Armstrong, Is there a bug in my computer or has the latest the Nigel Farage video been removed from your blog? I also can’t find the recent more private video on migrant problems in Germany, which was rather shocking for us as the German press is not allowed to automatically report on […]
We have a very serious crisis in democracy brewing. The establishment is deliberately sending protesters to Trump rallies to create the image that the bulk of the people are against Trump. Worse is the prospect that, even if Trump wins the Republican primaries, they will not allow him to be the Republican candidate. This is […]
The president of the German secret service, Hans-Georg Maassen, has come out and warned that the uncontrolled immigration has created a serious safety risk to Germany because the authorities no longer know who is in the country. If people think U.S. politics are going in the gutter, look at Germany where politicians have created a […]
The German people do not have to worry about their taxes rising because of the Greeks; the refugees are whom they should worry about. Now the German government is joining the rest of the crowd and preparing to move electronic. They … →
