The Pension Crisis is starting to be noticed in Europe. The German Finance Minister Olaf Scholz is arguing that the federal government has to guarantee the pension level until 2040. He is arguing that the government MUST come up with a plausible financing model which seems actually impossible. The increase in taxes to cover pension that […]
Italy is the third largest economy in Europe just behind France, but it is number two insofar as industrial production is concerned. The French manufacture three main brands, Peugeot, Citroen, and Renault, in the world of automobiles which are not very popular in the USA. The Italians, however, have the more recognized brands worldwide such as Ferrari, […]
QUESTION: Mr. Armstrong; I know you say you do not advise the IMF. But whatever you write, they follow and repeat. So they are following your blog at least and they implement whatever you say. This is very curious. They are now saying that Germany’s export model economy is threatening the world economy. You were […]
The polls in Germany show that discontent is now rising and 43% of the people want Merkel to resign. She only won 32.8% to begin with. Germany is also shifting and nationalism is rising, which is what the AfD is all about these days. A YouGov survey showed that 43% of Germans now want her to leave office, […]
Angela Merkel promised the German people that she would not just hand Greeks money as she does with the refugee, no, she would make them pay dearly for allowing Goldman Sachs to structure deals to get them in the Eurozone. Indeed, she has kept her word. In response to a parliamentary question from the Green Party, […]
Angela Merkel has been effectively overthrown over the refugee open-door policy and we may see this officially in a matter of weeks by 07/02 or the week of 07/09. She was given two-weeks to reverse her policy which is effectively a polite way of saying to hit the road. Some are trying to claim that […]
QUESTION: Mr. Armstrong; I am curious given your passion has been history you have explored things nobody seems to have. What has impressed me is how you pull history together in such a logical way you make it come alive. My question is the origin of Germany. We were taught here in school that Germany […]
Federal Administrative Court in Leipzig ruled last week that the Federal Intelligence Service (BND) may continue to access data at the world’s largest Internet node in Frankfurt am Main without just cause. In the ruling, the court dismissed an action brought against this practice by the operating company and the government demanded they turn over […]
Healthcare costs have been exploding even in Germany. The revisions in healthcare of about two years ago did expand the coverage, but the expanded costs were completely unexpected. That means Germany is also looking to now raise taxes to cover the higher costs due to their legislative reforms. The reforms have brought in more people in need of care and relatives than expected. Currently, the […]
The German Bild newspaper, which has been a staunch supporter of Chancellor Angela Merkel, has just reported on Sunday with the headline “Merkel knew about asylum failure” demonstrating that her support is declining steadily and the entire refugee crisis in Europe has been her making unilaterally without ever asking the leaders of other member […]
