The French elite are now calling for a German exit from the euro as a solution since the rest of them are heading into Marxist la-la land. The Greek crisis has set in motion severe strains within the EU economy, far worse than the press or the politicians are willing to admit. The French elites see only two possibilities: there […]

Helmut Kohl was a powerful politician in Germany. He convinced the German people to enter the euro and his 1998 speech in Bundestag generated a vote of 632 out of 672 deputies who voted for the introduction of the euro, with only 35 in opposition. He said the euro was simply the greatest thing that would ever […]

Nigel Farage is one of the few politicians who have a clue about economics and real capital flows because he came from the commodity sector, not a law school. I cannot endorse what he says more. It is time for Greece to just default on Europe for all these bailouts have been to protect the bankers, […]

Let’s face reality. Margaret Thatcher was a polarizing figure for most in Britain failed to understand what she really was trying to accomplish. Her whole idea of a poll tax was not to benefit the rich; it was to force everyone to pay attention to government as a check and balance. Then there are the false […]

Luis de Guindos, Spain’s economic minister, illustrates that those in European government remain clueless. He said that Greece should remain part of the Eurozone and the euro. He bluntly stated what Mario Draghi said before – the Euro is irreversible. Without the euro, Brussels fails. The idea of federalizing Europe crashes and burns. Luis de Guindos said […]

On April 23, 1998, Helmut Kohl addressed the Bundestag concerning the introduction of the euro. In a solemn and statesmanlike manner, the prosperity of the Germans as seen through the success of the Deutschmark, was to be transferred to the euro. Helmut Kohl did not lie to the people. He was truly convinced that a single currency […]

German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals […]

It appears that a June closing on cash below 11095 in the euro will reflect Grexit. A month-end closing for June below 10520 level will be very bearish short-term. However, keep in mind that the major Bearish Reversal lies down at the 10335 level. Therefore, only a monthly closing BELOW 10335 will CONFIRM the 11500 […]

The turmoil in the European bond market has demonstrated that the theory interest rates will not rise and are in control of central banks is dead wrong. Despite the ECB’s policy to buy in government debt to inject cash into the markets, one would think that the bonds would have a firm floor of support. The […]

Typical. The European press is claiming that the euro decline is over, and a Greece default will not harm Europe. This seems to be the standard propaganda from government that comes out with every serious change in trend, be it Japan in 1990, to the U.S. in the 1929 Bubble where it also immediately pronounced […]