Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this week

Top posting users this month

Ad Space M-4

Europe Moving Into Meltdown?



Posts : 16600
Thanked : 807
Join date : 2013-01-12

Europe Moving Into Meltdown?

Post by Lobo on Fri 22 Jan 2016, 1:34 pm

Europe Moving Into Meltdown?

Posted on January 22, 2016 by Martin Armstrong

QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin?
ANSWER: We cannot comment on if the OECD is following our model or whom has attended a World Economic Conference. They are the most widely attended and many just want to know where the computer stands.
We see a massive banking crisis. The European banks are in deep trouble. Deutsche Bank posted a shocking €6.7 billion euro loss with its shares falling 10% in a day. HSBC bought Republic National Bank in New York for a bit more than that. Barclay’s is pulling out of all emerging markets and cutting 1,000+ jobs.
The collapse in commodities will reek havoc on all emerging market countries, but there is one economy that nobody pays attention to closely: Germany. Yes, it is the largest economy and main supporter of the euro. They need open borders and the euro to maintain their economy that is EXPORT driven. China is advancing more rapidly than Germany and has focused on trying to develop its internal economy. Spain was the richest nation in Europe with all the gold coming in from America, but they failed to develop their internal economy and collapsed. Germany is declining. It cannot be sustained with open borders or the euro because the rest of Europe is in serious decline. The refugee crisis is a nightmare. Now, Italy is demanding taxpayer money to bailout banks in fear that a bail-in will cause a revolution.
Merkel was against allowing in refugees previously, but then changed her position to combat her poor view after her treatment of Greece. Additionally, she had the brilliant idea of bringing in cheap labor to help Germany. This entire refugee crisis is far beyond control and now the elites are beside themselves for the manipulations.
German Federal Minister Sigmar Gabriel, who is also head of the SPD, warned at the Economic Forum in Davos of a return to border fences and controls, which would be an economic disaster that would lead to rising unemployment. This is the German EXPORT model — that and the euro. But it is coming, and with it, the further decline of Germany. This will only fuel the dollar rally when Europeans realize that the break-up of the euro may lead to Deutsche marks, but will they be better? Now even Soros is saying the collapse of the euro is inevitable. So everyone is now joining the party, a bit late, but as they say, better late than never.

So welcome to the other side of 2015.75. We have a long way to go down into 2020. Here are only the technical projections. They also warn just taking out the 89 level produces a free-fall. This is, unfortunately, looking more and more like a total disaster of political incompetence and complete mismanagement through self-interests.
The career politicians are incapable of saving Europe. Instead, they are the very people pushing it over the edge. All they are focused on is saving their own asses in Brussels with their pensions. Jean-Claude Juncker has done such a great job destroying Europe that he was given a retroactive pay increase to more than €32,000 PER MONTH. Socrates would do a better job and we would charge based upon performance.
Can a computer be president? Hm. Could this be the way of the future?
This entry was posted in Uncategorized and tagged EU Crisis, Euro, Germany, OECD by Martin Armstrong. Bookmark the permalink.

    Current date/time is Wed 26 Oct 2016, 6:24 am