Armstrong Named Forex Person of the Year
FXStreet has named Martin Armstrong Forex Person of the Year for our 2015 forecasts on currencies quoting from an interview: “We will see the same crisis hit the Swiss franc peg to the euro. Devaluations take place BECAUSE currencies must be fluid.”
Tiz the Season even for War
Cameron Selling out Britain? Pound to Fall to 55 cents?
There is little doubt that David Cameron offered a referendum on Britain exiting the European Union (EU) because he thought it would never win. Now that the polls are in favor of exiting the EU, thank God Maggie is not around to watch what her Conservative Party is doing these days. Politicians have always been cross-dressers. Abe Lincoln, the first Republican president, defended the blacks against slavery while the Democrats supported the southern slave owners. It was the Republican Teddy Roosevelt who embraced Marx and even started the Progressive Party. Today, you have to scratch your head to figure out who is on whose side.
The latest is David Cameron crying behind the curtain that he really didn’t mean it. He is begging Brussels to come up with something or else he will lose and Britain will vote to exit the EU. The political leaders of the EU have now agreed that there must be a compromise to keep Britain inside the EU. After all, Cameron agreed to chip in £1.7 billion pounds to help the EU quietly so the British also received nothing from the EU but tax increases upon their own people. Then there was the design to end short selling, which Britain lost a court battle over. This will ensure that London will self-destruct as a financial center in the world. Of course, raising taxes on foreigners buying property in London was sure madness and placated the French. If anything showed that Cameron was anything but a Conservative, that did it. The ripple effect throughout London will cause a contraction as foreigners leave town and restaurants begin to miss clients spending wads of cash as will shops and trophy car dealers.
Brussels is now trying to come up with something for Cameron to screw his own people to keep Brussels in power. Those now in charge in Brussels realize they have to help Cameron sell bullshit to the British people or they will lose Britain.
A simple year-end closing beneath 15485 will signal that the pound is starting its decent. Our Yearly Bearish Reversal lies at 14615. With Friday’s closing at 14908. We can see that the market is warning us that Cameron may indeed destroy his own country. Even our technical models are highlighting 13965 as critical. The projection for 2017 at the extreme is 55 cents. That is really amazing.
You can see that if Britain stays inside the EU and surrenders financial integrity of London, there will not be much left. You might as well hand it over to Jeremy Corbyn and he can put his maximum wage limit in and that would probably make 55 look very reasonable. London property has already peaked; the Conservatives followed the lead of the French and have started to chase out all the foreigners. London properties crashed almost 12% in the first month from the downturn in the Economic Confidence Model on September 30.
EU May Drop Visa Requirement for Ukraine
The ongoing dramatic events in Ukraine have demonstrated, once again, the high commitment of Maidan protesters and the citizens of Ukraine to become more closely integrated with the European Union. Ukraine now faces immense challenges in terms of democratic transition. Territorial integrity and constitutional stability are major issues on the table in Ukraine.
While USA is asking the EU to extend its sanctions on Russia, at the same time there are high-level considerations going on to drop the visa requirements for the Ukrainian people. This obviously should be done for there are Eastern Ukrainians who are caught up in the asylum camps loaded with Muslims right now. Those who lived in the Eat have lost everything and they cannot sell their property and simply move. Whatever savings they once had are gone and their property values went to zero.
The West abuses Ukraine as a tool against Russia. The West should, in turn, respect the people of Ukraine who are caught in the middle of this political war.
EU Summit Disaster — “Another Victory Like That, and We Have Lost”
Merkel has to be saying to herself, “Another 
victory like that, and we have lost.” She may have made TIME’s Person of the Year, however, so did Adolf Hitler on April 14, 1941. It is not a position of prestige for great achievements, but rather the person who has had the most influence that year whether it was good or bad. TIME stated that her role in Europe’s crises over migration and Greek debt were the reasons for selecting her. Editor Nancy Gibbs claimed that Merkel had provided “steadfast moral leadership in a world where it is in short supply.” ,The runner-up was Islamic State leader Abu Bakr al-Baghdadi and third place went to U.S. presidential candidate Donald Trump.
victory like that, and we have lost.” She may have made TIME’s Person of the Year, however, so did Adolf Hitler on April 14, 1941. It is not a position of prestige for great achievements, but rather the person who has had the most influence that year whether it was good or bad. TIME stated that her role in Europe’s crises over migration and Greek debt were the reasons for selecting her. Editor Nancy Gibbs claimed that Merkel had provided “steadfast moral leadership in a world where it is in short supply.” ,The runner-up was Islamic State leader Abu Bakr al-Baghdadi and third place went to U.S. presidential candidate Donald Trump.
Last August in Germany, 60 conservative MPs had opposed Merkel’s course on Greece. Instead of providing a “steadfast moral leadership” for Europe, her opposition to Greek restructuring is crushing the Greek people. With regard to Britain, Merkel opposed Cameron’s EU renegotiation plan back in October. It has been more or less her way or no way in Europe and that is starting to fray at the edges within Europe.
Meanwhile, Merkel has come under fierce attack for a double-standard due to her planned expansion of the gas pipeline from Russia to Germany despite the Russian sanctions that Italy opposes. The pipeline, Nord Stream Project 2, will supply Germany, but Merkel says this is an economic project with private investors. She prevented a clear EU position against Nord Stream 2.
Southern Europe is starting to rise up at last. They have suffered greatly under the euro and its faulty design for their past debts were converted to euros and then the euro rallied from 80 cents to $1.60. This doubled their real historic debts and acted like a strip-mining operation that has destroyed their economies and driven youth unemployment to over 60% in many regions.
Italian Prime Minister Renzi came out and bluntly said: “There must be an end to a Europe only under German leadership.” The entire structure of the euro may have been intended to create a single currency to end war, but it has been the greatest tool to create division within Europe. The politicians refuse to admit that they made a mistake or take any corrective action whatsoever. The future of Europe seems to be inevitable for no politicians will stand up for the people against the tons of bureaucrats whose jobs now depend on maintaining the euro.
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