• 518 days Will The ECB Continue To Hike Rates?
  • 519 days Forbes: Aramco Remains Largest Company In The Middle East
  • 520 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 920 days Could Crypto Overtake Traditional Investment?
  • 925 days Americans Still Quitting Jobs At Record Pace
  • 927 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 930 days Is The Dollar Too Strong?
  • 930 days Big Tech Disappoints Investors on Earnings Calls
  • 931 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 933 days China Is Quietly Trying To Distance Itself From Russia
  • 933 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 937 days Crypto Investors Won Big In 2021
  • 937 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 938 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 940 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 941 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 944 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 945 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 945 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 947 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

The Beginning of the End of The United States of Europe

UKIP Nigel Farage Oct 2010 - EU tax proposed on nations
UKIP Nigel Farage Oct 2010 - EU tax proposed on nations

While all eyes are on the United States of America and its difficulties with the G20, QE2, et al, the United States of Europe is showing signs of falling apart. As the European Union grows and grows the cost of membership for countries such as Britain increases at an exponential rate and civil unrest hits the streets as students invade the Conservative Party Head Quarters, smashing windows in an ugly protest about increased tuition fees.

Two years ago the United Kingdom were paying three billion pounds a year to the EU.

Now its six billion pounds a year
Next year it rises to eight billion pounds a year
the year after its ten billion pounds a year
by the year 2013 it will cost the Britain THIRTEEN billion pounds a year.

All as stated by Nigel Farage, an elected Member of the European Union which you can see on this video clip, please click here.

I guess they could always take a page out of Ben Bernanke's play book and electronically magic these billions out of thin air.

So, where does David Cameron, the British Prime Minister find such huge amounts of cash?

Amongst the many cuts and reforms that the coalition party have introduced in an attempt to balance the books an increase in fees for students attending university has hit a nerve. The fee per year now stands at three thousand pounds and will rise to nine thousand pounds per year. This comes at a time when Britain is reeling from the mess created by the previous administration and union leaders across the British Isles are cleaning their muskets.

London Riot: Tory HQ smashed by British students
London Riot: Tory HQ smashed by British students

One of the largest unions is the students union and they have wasted no time at all in expressing their anger and rage when they invaded the Conservative Party HQ in a not so peaceful demonstration as this video clip clearly shows, please click here.

With the PIGS (Portugal, Ireland, Greece and Spain) hanging in there by a thread with the support of the stronger members such as Germany, now isn't a good time for Britain to wobble economically. Sooner or later Germany will tire of picking up the tab for its financially delinquent neighbours and Britain will say enough is enough, as the social fabric of the country is tested to the limit. France has passed a law raising the retirement age by two years and they too are facing the anger of the unions whose ability to bring the country to a halt costs France millions.

The writing is on the wall as these cracks become crevasses and alternative measures are sort to alleviate the pain. Our opinion, for what it is worth, is that Germany will soon introduce its own currency to run alongside the euro. Not to hard to imagine as Britain still retains the pound. However, in a blink of an eye the new mark will become the only currency used in Germany as the euro is shunned.

In conclusion the race to the bottom in the currency donkey derby will continue with the added ingredient of some countries changing horses in order to avoid the 'A' word, Austerity. The voters simply will not tolerate much more in the way of hardship in an environment where the western world's standard of living is about to take a huge fall.

We regret that the world has come to this, but our political masters and their printing presses have set the stage for both silver and gold prices to rocket as a general distrust of the establishment gathers speed.

Brace yourself for eye watering volatility, days when gold prices will move in either direction, in the order of two hundred dollars per trading session and silver prices will move three dollars an ounce.

Over on the skoptionstrading front some of our 'stops' were triggered last week sending us back into cash with some good profits, we will update the chart on the skoptionstrading site this weekend.

So, the question is: Are you going to make the decision to join us today?

Stay on your toes and have a good one.

 


Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

 

Back to homepage

Leave a comment

Leave a comment