Income tax was introduced in England in 1798 as a temporary measure to fight Napoleon. Have we defeated Napoleon yet? ————————————————————————— Anti EU feeling is very high in the UK – politicians have always shied away from a referendum because they know we want out and they fear that an attack the EU will ultimately […]

The EU Commission is moving forward on a Financial Transaction Tax. This is pretended to impose more discipline on traders. The problem is there is nobody in government that even understands trading to regulate anything. This is just another tax and grab scheme. The supporters say it is nothing just 0.1%. That is how they […]

 European Monetary Union – the fate of Europe © Princeton Economic Institute 1997 [Overview] [Latest News] [Previous Updates] [London Lecture] [Criteria] [Time Table] [Country Analysis] [Maastricht-Treaty] [History] [Currency Forecasts] Welcome to the PEI research site devoted to keeping the financial community up to date on the pending new European Monetary Union and its impact upon the […]

This special report surprised many for included was the: The Rise of Separatism & the shift from public to private investment strategy European Share Market Outlook 2013

Table of Contents The Coming Shift in Investment Confidence PUBLIC to PRIVATE…………………………………….…………………. 5 Austia ATX …………………………………………………………….…. 21 Belgium BEL20……………………………………………………..….… 33 France CAC40…………………………………………………………… 45 Greek General Index ……………………………………………………. 60 Germany DAX……………………………………………………………. 78 Italy MIB ………………………………………………………..………… 94 Spain – MADRID IBEX 35 …………………………………….………. 110 Switzerland Market Index ………………………………………………. 125 United Kingdom FTSE 100 …………………………………………….. 140

Europe could decline into 2017. At the very least, we should see Europe come in with the lowest economic growth in the world. See: The Fate of Europe 2013

Copyright Martin Armstrong all rights reserved January 7th, 2013  The European Central Bank is taking a deep breath as its President Mario Draghi now turns his attention to desperately trying to nurse the Eurozone back to some stable economic health. The crisis management measures of the last three years have subsided for now as the […]

As taxes rise and services decline, underground economies are booming. Barter is returning and governments are clamping down following the model of the commonly known Stasi, which was the Ministry for State Security (German: Ministerium für Staatssicherheit).The official state security service of East Germany GDR was one of the most effective and repressive secret police agencies in the […]

  Some people are claiming that Greece is doing away with the Euro because people are bartering. This is simply not the case. There is a collapse in public services. The social safety net is gone. This is the collapse of Marxism. As a result, at the local level alternative forms of money are emerging. […]

One question I get a lot is how long has Sovereign Debt Defaults been going on. Just for the record, kings use to borrow from the temples. In Greece, the first recorded default in history took place during in the fourth century B.C., when 13 Greek city states borrowed funds from the Temple of Delos, […]