European Economy Continues to Implode

Posted by Martin armstrong - Armstrong Economics

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paris-nightThe French government plans to pump billions more in aid desperately trying to save the Peugeot factory in Aulay. Hollande refuses to realize that raising taxes causes economic decline and a greater proportion of money goes to government. The Peugeot production facility is unprofitable and the operation is functioning more like a communist organization rather than an efficient productive entity. These people just cannot grasp the idea that their economic theories are simply antiquated and as unsustainable as Communism.

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Throw the Bums Out

preselec-2008

The Disapproval Rating of Congress has reached an all time high 83%. This is a historical high and is moving into what our computer has been forecasting that 2016 will be a rise in 3rd Party Activity. It is a shame, but politics has lost all touch with the people. The White House is actually arguing that the NSA needs to collect every phone call. This demonstrates that there is nobody left to defend the constitution.

Both Democrats & Republicans are fighting old theories that have proven to be complete disasters. Even in France, on July 18th, 2013 they passed the new Bail-In legislation and took the same position I stated the Fed was going around telling the banks that they willNOT cover losses in proprietary trading – only deposits and loans.