Blog/Reports and DVDs
Posted Mar 15, 2019 by Martin Armstrong
As we face a major election this May in Europe, there truly is rising discontent among member states who realize this is just not working. The demands of austerity are tearing Europe apart. Now that the economy is headed down and dirty, the exceptions made for France and Germany are being seen as more proof that the idea of managing the economies of every member state is simply impossible.
The ECB has self-destructed. With the economy turning down, Draghi cannot exit his Quantitative Easing despite the fact that it has not worked for 10 years. He cannot sell the debt he has already bought for then we would have 10 years of past debts coming to the market with continued new debt which would swamp the debt markets and cause interest rates to explode beyond anything historically.
Unfortunately, due to the faulty structural design of the EU combined with the disaster of the ECB, the European people and their economic future have become the collateral damage for this governmental incompetence, arrogance, and ignorance.
Note: Tickets to Rome WEC are still available, but quantities are limited. If you are interested in attending but unable to make the trip, you may still purchase a ticket to receive all relevant materials. Click here for more information.