The collapse of the Euro is inevitable probably by 2026/2027

 Will Trudeau Fall?

Posted Feb 10, 2022 by Martin Armstrong

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QUESTION: Marty, you said Socrates projected that 2022 would be a Panic Cycle in politics. You also said that would be global and impact Canada as well. If I am not mistaken, I think 2022 was the 3 wave of your ECM in Canada. You were the first to say that COVID was organized and you were the first to point to this as a plot from the WEF and Schwab. Do you think this bold initiative of Schwab will collapse sooner rather than later?

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ANSWER: Yes, 2022 was not only our Panic Cycle in politics, but in Canada, it was the culmination of the 3rd wave from the Confederation of Canada in 1867. The politics began to change in 2018 but Trudeau was taking orders from Schwab as has been in the case in Australia. I have actually shaken hands with Schwab. I doubt many people talking about him understand the real nature of his agenda. Listen to this video. Here you have the head of Australia imposing harsh lockdowns to destroy the economy on the orders of Schwab to impose his “stakeholder” economics by sheer force, climate change, and the end of mining. These elected people do NOT represent the people. NOBODY has run on this agenda. They lie to get into office and then take their orders from the World Economic Forum. All the countries that have oppressed their people the worst are directed by Schwab!

For those unfamiliar with Canadian history, there was an outright secessionist movement in Canada’s English-speaking area that emerged in Nova Scotia shortly after the Confederation’s response in 1867 to form Canada to economic grievances. Following the Confederation of three British colonies (Nova Scotia, New Brunswick, and the Province of Canada) to form the Dominion of Canada in 1867, opponents of the Confederation emerged in Nova Scotia and began promoting the withdrawal of that province from the new Confederation. The AntiConfederation Party won 18 of the 19 Nova Scotia seats in the new House of Commons of Canada in the 1867 general election and 36 of the 38 seats in the Nova Scotia legislature.

Still, the move to separate failed in achieving independence for Nova Scotia. Even as late as 1990, just before the Meech Lake Accord’s failure, then-premier John Buchanan predicted Nova Scotia and the rest of Atlantic Canada would have to join the United States if the accord failed. Ironically, following the American Revolution, those who were pro-England fled to Nova Scotia.

What Schwab has done is try desperately to force his economic theories upon the world. He is taking deliberate action much more directly than Karl Marx, Schwab wants to end corporate governance and to usurp all corporations in the world to act as subdivisions of a communistic type of government with central planning.

I have warned that his idea was floated in 1932 that corporations should engage in socialism and not be concerned about their shareholders. At least when this was first proposed in 1932, there were no social programs. That was made obsolete when Roosevelt came to power with Socialism.

 

What people must understand is that the scheme is already in play to direct pension funds to pour money into losing projects to try to further Schwabd Agenda 2030. Australian pension funds are to shift money to help a collapsing Europe and ignore their own people. Of course, they put a different spin on it, but there is no reason to invest in Europe when it is in serious trouble. Joseph Dear, CIO at CalPERS, called green a “noble way to lose money.” CALPERS, California pension system for state employees, was directed to invest in “green” projects for political reasons and lost. They have been trying to cover-up their politically correct investment decisions. We get requests from pension funds asking if we can select “green” investments that they at least will break even on so they can comply with the political directive to be investing in green.

The Truckers have timing on their side. They need to break the grip that Schwab has around the throat of Canada. This protest has expanded and they need to bring the government to its knees. Trudeau’s support is minimal and even his own party is starting to crack. Trudeau is weak and he is a fool. He has listened to Schwab who could care less about his future. All that matters to Schwab is to force his economic theories upon the entire world.

This is NOT merely a battle against Trudeau. He takes his orders from the WEF as does Australia, New Zealand, and Europe. This is a battle for the freedom of the people. Those who support people like Biden and Trudeau are clueless for they are the sheep who refuse to open their eyes to the fact that this is a serious international plot to FORCE by undemocratic means, the economic philosophy of one very sick man with visions of Marxist grandeur. This is no conspiracy theory. Just listen to the words coming from Schwab and his WEF organization. This is the best-organized plot to take over the world far beyond anything ever played out in a James Bond movie.

This is the very same strategy that was used to create the Euro. Helmut Kohl knew the people would never vote for joining the Euro. Germans have been reluctant ever since the hyperinflation of 1923. The collapse of the Euro is inevitable probably by 2026/2027. This is precisely the same strategy that these world leaders are trying to impose Schwab’s 2030 agenda without EVER allowing the people to vote or understand even that there is such an agenda. They call it a conspiracy theory so people remain blind to this very design and strategy they used to create the Euro.

Any journalist that claims this is a conspiracy theory, is really a closet Marxist. They have no respect for our future, human rights, or anything that makes life worth living. We were born with inalienable rights, not to be economic slaves to a central power. Such journalists are traitors to even the Constitution of the United States that was to secure our freedom and the pursuit of happiness, not enslavement. LIBERTY cannot coexist with material equality. There are direct opposites of each other. My family has fought in every war since the American Revolution for LIBERTY. This is a plot to enslave us to the deranged economic theories of a man who has been exceptionally clever to indoctrinate the world. I have looked into the eyes of Schwab face to face. That is not what most of these commentators can say.

The Road Ahead – A Complete Mess. 2020 -2nd half

osted Jun 4, 2020 by Martin Armstrong

QUESTION: There is a theory that the markets are rising because of the riots as the anarchy makes it more likely that Trump will win re-election. I’m wondering if the Dems remove Biden and replace him with a better candidate if this will cause the markets to tank.

SMD

ANSWER: I understand that is the fundamental people are trying to put on the rally. It is more complicated than just that. The dollar is backing off as the ECB is trying to push the currency higher in supporting a bullish view that digitizing the Euro will be bullish from the Euro by forcing people to take their money to the banks. These are punters looking for a quick profit and not the long-term trend.

There have been smart money moving into the USA from Europe and Britain for fear of what is coming down the road. Most of the calls we are getting are sheer confusion. Over 100 countries have applied for relief from the IMF and the real problem is that pension funds ran into Emerging-Market debt to get the higher yield. But the European agenda to move the economy to a new green world order will devastate the Emerging-Markets. Then you have the Northern Europeans telling their people not to go south for vacation which will debated the economics of Spain, Italy, and Greece. This will come back to create civil unrest that they separate or all debts will be forgiven converting them to perpetual bonds.

The second half of the year is now looking to be a complete mess on every front

The Economic Confidence Model & the European Economy

Posted Feb 3, 2020 by Martin Armstrong

The economies of France and Italy shrank in the fourth quarter of 2019. There is stagnation in Europe. Negative signals are also coming from the Far East. The German auto manufacture, which is the backbone of the German export-economic model built upon the old mercantilist system (selling goods to other people), is also in a bearish position. Production of cars, the largest export product in a German manufacturing sector dependent on exports, has fallen by about 16% over the past year. In the first half of 2019, German auto production is down 12% year-over-year. In fact, German auto production has hit a 23 year low. Then add the climate change insanity that Europe has adopted and they clearly seem poised to induce economic suicide in Europe.

While the politicians are only concerned about cementing Europe as a new federal state, the very idea of the European Project is proving them very much wrong. With Britain exiting the EU, they will find a huge hole in their budget which Germany will not agree to. This means that either the EU breaks up, or they are compelled to raise taxes on the remaining member states. Germany will still demand austerity and remain against a consolidated debt or a national debt for the EU especially one that runs perpetual deficits.

We are entering a new long-term business cycle wave that began for the European Project in 2008.83, but the Global Economic Confidence Model has also turned here on January 18th, 2020. As you can see, we are headed into a Euro turning point of 2021.73. The pressure of maintaining the Eurozone will intensify as we now head into 2021. Indeed, 2021/2022 will be a critical turning point in world currencies.

The Euro v Pound - The critical level will still remain at the 8250 level.

Posted Jan 31, 2020 by Martin Armstrong

Despite all the yelling and threats on top of forecasts that Britain will fall apart without the EU, the markets do not reflect such a doomsday outlook. We do see 2021 and 2023 as important targets for turning points. The critical level will still remain at the 8250 level. If that is breached, then the political crisis in the EU will begin. The departure of Britain will leave a major hole in the budget of the EU which wants to fund its own army. As pressure rises on other members to chip in more money and raise taxes on their citizens even further, the European Project will remain a serious threat to the entire world economy.

USA had TARP, In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout

EU Parliament - How they Protect the Bankers

Posted Sep 10, 2019 by Martin Armstr

A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending.

The US banks survived and have prospered BECAUSE of TARP. The US government bought the toxic financial waste they created so the bankers got away with it again. In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout because that would mean the money would flow from one country to the another to bail out their banks. Hence, European banks still have the tonic financial waste on their books from 2007.

The central banks are ARTIFICIALLY manipulating interest rates down to try to save the banks, but this Quantitative Easing has not only failed, it has set the stage for the next financial disaster — the collapse of government pensions and private pension funds. These funds are regulated and it is mandated that they have government debt for that is “risk free,” so they claim.

The bankers sell the government debt so the politicians cannot let the bankers fail for they also fund their elections. This entire mess is not going to be held off much longer.

The first opportunity for a major dollar high is 2018 and after that comes 2020/2021.

The Dollar Remains King

Posted May 8, 2017 by Martin Armstrong

QUESTION:  Hi, I’ve read your blog for a couple of months now and it clearly opened my eyes. But I’m wondering if I’m getting crazy now.. I can see a pattern between rising Chinese yields (despite weaker growth), parked Chinese money in the Canadian & Australian housing bubble, plunging commodities (very bad for Australian and Canadian people who have to pay of their massive mortgages) and why all this will lead to a rising dollar. Am I looking in the right direction? A.S.

ANSWER: Yes. The only way to reach the economic crisis that forces political change is to put on the maximum amount of pressure. It does not even require that what people BELIEVE will happen, happens. Human nature is such that we all act in anticipation of events. Sure the Euro has bounced on belief that BREXIT is a passing phase. But the election of Macron was the worst possible outcome as it should have been for it in the Euro that will crumble as Brussels now tried to federalize everything to secure it own survival against the people of Europe.

The dollar rose between 1980 and 1985 on the fears that the USA would default creating a two-tier monetary system with red dollars externally and green dollars internally. The US national debt hit $907.7 billion in 1980 and the Eurodollar market was about the same. The Europeans were convinced that the US would default by adopting a two-tier dollar. Consequently, between 1980 and 1985, Eurodollar deposits fell by about 50% and the Europeans moved their accounts to the USA where they thought they would get green dollars. That was the number one question I would get at seminars and conferences in Europe between 1980 and 1985. It never happened. Yet the “belief” it might moved capital to USA and that sent even the British pound to $1.03 in 1985.

Only the dollar moving to all time record highs in 1985 sparked the Plaza Accord. However, that is where the whole idea of the Euro was born. Jim Baker saw THE PROBLEM AS THERE WAS NO CURRENCY TO COMPLETE AGAINST THE DOLLAR. Baker urged Europe to create a single currency to prevent the dollar from rising, which then reduced US exports.

The national debt continued to rise reaching $2.125 trillion by 1986 and $3.2 trillion by 1990 and now we are at $20 trillion by 2017. The Dow Jones Industrial average was 1,000 in 1980. So exactly how is 21,000 on the Dow today out of like from just the expansion in debt?

You can see the correlation below. Our number remains 23,000 on the Dow where things begin to get interesting. So far, it is just keeping pace with international value. The first opportunity for a major dollar high is 2018 and after that comes 2020/2021.

Old currency is still being hoarded 16 years after the introduction of the euro

Deutsche Marks Still Being Hoarded as Hedge Against Euro

osted Apr 12, 2017 by Martin Armstrong

It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. 

However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. 

About a third of old currency notes of the Eurozone are now totally worthless. The Portugal gave the shortest exchange period to the citizens of the country of just one year. Looking at the total amount of notes outstanding from all Eurozone members, it reaches about 15 billion euros. 

Even the French are hoarding about 1.8 billion euros worth of French francs and the Spanish are hoarding about around 1.6 billion euros worth of Spanish pesetas. Interesting how many people just held on to the old currencies just in case.

Euro- biggest turning point will be May and we have a Directional Change in April.

Le Pen in First Place So Far

Posted Feb 7, 2017 by Martin Armstrong

With the election coming up in France, Le Pen is praising Donald Trump for putting his people first. “The European Union has failed,” she declared. She vows to return control of France also back to the people. Le Pen promises to exit the EU, saying it has utterly failed, and place a strict limitation upon immigration to fight “Islamic fundamentalism.” She is being presented as a patriot. “I will return the voice of the people!” She also vows “to always think of the national interest.” Len Pen continued, “My promise is to restore France within five years.”

Le Pen’s program has listed 144 electoral promises and she has adopted Donald Trump’s position saying “France First” vowing to end “mass immigration,” take protectionist measures for the French economy, and within six months move for a referendum on the withdrawal of France from the EU (“Frexit”).

Le Pen argue that the promises of the euro have failed. The French want to be “free” again. She also vows to end the Schengen area, introduce a national currency, and lead France from the NATO commando structure. She has vowed a “zero-tolerance policy” against crime and terrorists. She will impose higher taxes for foreign workers and imports and will slash bureaucratic requirements for smaller enterprises following Trump. She realizes that Trump won because the vast majority of voters feel themselves to be the losers of globalization. The protests are coming from the youth who primarily are professional students who have not yet entered the real world.

The polls right now show Le Pen currently at 25% in first place. The first round of the presidential election will be on April 23rd. The pundits are saying that it is unlikely that she will be able to win the election on May 7th when she will face the independent presidential candidate Macron.

The conservative is François Fillon. However, Fillon has been under a lot of pressure after a pseudo-employment affair with his wife who he paid €500,000 to be his assistant, but nobody can really verify she works. Since this scandal, behind the scenes the conservatives are searching for a “plan B.” The latest polls show he may be eliminated in the first round. This will benefit Le Pen tremendously. A video has emerged from 2007 where Fillon’s British wife Penelope admits, “I have never actually been his assistant or anything like that.” Plus, she is not French.

When we look at the euro monthly array, we can see that the biggest turning point will be May and we have a Directional Change in April. Clearly, the capital flows are already targeting the French election. We must respect that if Le Pen wins, the euro is most likely dead on arrival. The German election in the fall will be the final straw. A Le Pen win would really illustrate the silent majority’s battle with the left-wing socialists who do not subscribe to live and let live, but need to subjugate everyone else so they can have their perfect utopia — the bubble.

When we run our what-if models on the French franc, clearly we are entering a major turning point which is 2017-2018.

Le Pen’s main points:

1. Referendum of EU Membership
2. Restore French franc
3. End Schengen area
4. End Refugee migration
5. Public contracts awarded only to French firms
6. International trade agreements are to be canceled.
7. The income tax for low-income earners is to be reduced by 10%
8. Small business are to be relieved of their wage costs.
9. The retirement age to be lowered to 60 from 62 years.
10. Child benefit regardless of income
11. Reduce gas and electricity costs by 5%
12. Maintenance of the 35-hour week.
13. Employers should pay a 10% tax on foreigners’ wages.
14. Free education will be only for the French
15. Illegal immigrants are to be deprived of free health care.
16. Immigrants without papers have no chance of legal residence status.
17. Asylum can only be applied for in French consulates abroad.
18. French citizenship not to be based solely upon birth in France
19. Increase domestic police by 15,000
20. Build new prisons with space for 40,000 prisoners.
21. Condemned foreigners are immediately deported
22. All foreigners who are connected with Islamism under the supervision of the secret services.
23. All radical mosques are to be closed.
24. Withdrawal from the joint NATO.