Saturday, July 2, 2016

The real reason for the ongoing trouble in the European Union, including the recent vote by the British people to leave the bloc, is that the EU is bankrupt. We know in retrospect that the bankruptcy of the Soviet Union was the real reason the Warsaw pact fell apart, with Poland acting as the first domino. For the same reason, we can predict England was the first domino in the collapse of the European Union.  The emerging consensus view is, as Pentagon analysts put it, “Brexit may lead to Frexit (French exit), the collapse of banks, populism, nationalism and anti-globalism.” This is also likely lead to an end to Khazarian mafia sponsored Muslim immigration. The situation in France has already become so chaotic that French police say they are becoming too exhausted to deal with the daily, violent demonstrations taking place throughout the country. French President Francois Hollande, who has only 11% public support, is trying to ban demonstrations but it is hard to see who will enforce his “ban.” In other words, France is headed for revolution.  “This is the worst period I recall, there is nothing like it,” is how former Federal Reserve Board Chairman Alan Greenspan described the general situation and the market chaos that followed the Brexit vote.

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