by Jeff Berwick, The Dollar Vigilante:
When we started The Dollar Vigilante in 2010 we stated that the worldwide central banking fiat money system would collapse within the decade.
It was just math. Government debt continues to mount and the only way to pay interest on the debt is to print more money. The US government, alone, has doubled its debt in the last eight years, from under $9 trillion to now well over $19 trillion.
Almost every Western government has done similarly and central banks continue to print money to make the dead system seem like it is still alive.
Early in 2015 we caught on to an occult (hidden) timeline by which major financial events occur called the Shemitah, and the year after called the Jubilee (or Super Shemitah). On the end day of the once-every-seven-year Shemitah, in 2015, we wrote, “Eurozone Collapses, Borders Erected Across Europe On Shemitah End Day“.
A few accused us of making a mountain out of a mole hill. They said, to paraphrase, “This is just a temporary issue related to the refugees, it’ll be fixed soon and the EU will be back to normal.” We, on the other hand, stated that we expected the EU to be in tatters by the end of the Jubilee Year (October 2, 2016).
And look at what has happened.
The so-called “refugee crisis” has been the most talked about thing in Europe for the last year. Massive chaos and terror attacks (although many were false flags) carried out, and countless figures in politics have said the EU is over. Philippe Legrain, a former economic adviser to the president of the European Commission, admits what is common knowledge in an article for Project Syndicate.
Leaving the EU once seemed outlandish: no country had ever done it, and only extremists even proposed it. Brexit now makes leaving seem feasible and, to some, reasonable. Already, Geert Wilders, whose far-right Freedom Party is leading in the polls ahead of the Netherlands’ general election next March, is demanding a referendum on EU membership. So, too, is the Danish People’s Party, which is the biggest party in the Danish parliament, but remains out of government.
The capture of governments by nationalist anti-establishment parties worries him. Perhaps as a Euro-centrist he should be worried. He cries out that Europe’s leaders “need to restore trust.” But his solutions are symptomatic of the problem. He wants to use the EU’s new bail-in rules, for instance, “to clean up banks’ balance sheets.” He claims this will allow Brussels to compensate small investors “who were sold a false bill of goods.” But this is a fantasy: So-called small investors will be the losers as they always are.
Right now, of course, it is fashionable to come to the defense of the “little guy,” Brexit has scared the Brussels bigwigs, and the South is starting to unite against European willingness to destroy their cultures. Spain, Greece and Italy are all in various levels of political disarray and their leaders find it impossible to endorse the status quo.
Spain must deal with considerable sentiment supporting secession. The Basques in the North have been fighting for hundreds if not thousands of years to support an independent state and we support them (we support all secession movements). The Catalans continue to push forward with secession as well with our support. Greece remains in terrible shape, unable to pay its sovereign debts and racked by internal strife. Italy faces the foundering of its entire banking system and the ramification will surely further destabilize Europe significantly and could even sink the euro.
Even French officials now indicate disapproval with the current system and are joining with the rest of the South to confront Germany on austerity and other measures. The recipe for “recovery” preached by Germany involves higher taxes and less public spending at a time when the target country’s economy is already in tatters. The results are inevitably increased poverty, unemployment, hopelessness and anger.
Bitter days are brewing. Sparked by France, leaders of France, Italy, Spain, Portugal, Cyprus, Greece and Malta intend to meet in Athens on September 9 to create a counter-narrative. Germany is to be confronted on a variety of fronts and especially on austerity.
In April, the Prime Minister of Portugal Antonio Costa signed a joint declaration, demanding austerity policies be jettisoned. “Austerity policies are keeping economies depressed and societies divided,” the statement read in part. As always, the emphasis is on unity. something that is hardly feasible at the moment.
Europe is falling apart piece by piece just as we predicted. Brexit was the first blow but will not be the last. Various elements of secession are being introduced and some surely will be more successful than others. The ultimate outcome is sure to be a more factionalized, failed Europe.
In fact, this is actually what is being sought. Those who created Europe in the first place always intended for it to take its place as a larger piece of the puzzle. Strong European cultures are to be eradicated by bloodshed as necessary. Migration and terrorist “false flag” attacks are to be stepped up. Third parties area actually to be encouraged because they are polarizing.
The politicians in Europe are like modern politicians anywhere else. Their goal is to please their globalist masters and they will do what is necessary to achieve this end. Europe is disintegrating and its pols seem to be working hard to allay the worst impacts of the destruction. But really they are not. They are all on the same side and the EU and Europe itself may well be doomed.
It is hard to figure out exactly what is going on, but our understanding of Shemitah and Jubilee timelines give us an advantage… one we used to predict the initial EU chaos – when everyone doubted us – and one which has allowed us to participate with incredible success in these markets. Our TDV portfolio is up some 200 percent and our Senior Analyst Ed Bugos continues to pick 100 percent gainers on a regular basis.
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