Posted Oct 4, 2013 by Martin Armstrong
The feeling in Europe is growing darker by the day. Even the central bankers have been moving into the Australian and Canadian dollars as reserves shunning away from the Euro. Behind the curtain, central bankers are running away from the Euro after the German elections. The rising debt in Europe is out of control and now even the papers are warning there will be state bankruptcies. We are headed into a serious economic collapse when the ECM turns 2015.75. The magnitude of the decline will be far worse than the last turn on this model.