DayTrader

Europe: The Cracks Are Beginning To Show

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(edited)

Is the EU experiment coming to an end? Europe considers its options...

FULL ARTICLE - https://www.zerohedge.com/geopolitical/europe-cracks-are-beginning-show

(Article contains writings on NATO, 'Revolutions', 'Macron', 'Panic of the Globalists', 'Broken Dreams' etc, as well as the following).

- Coincidental with these events the economic situation in Europe has entered into a turbulent period. I hesitate to use the word ‘crisis’ but consider the core of the system, Germany, which if not actually in recession then is very near.

- Growth Year on Year (YoY) from July 2018, July 2019 is 0.4% – what you would expect in the middle of a depression. UK’s growth figures are slightly better coming in at 1.2% YoY. Poor old Italy recorded a GDP growth of -0.1% YoY, (that’s a minus sign by the way).

- Rubbing in the salt Italy has a Debt-to-GDP ratio of 132% and finally France YoY growth rate of 1.4% and a debt-to-GDP of 97%. That’s the big four in the EU/Eurozone.

- So, the biggest economies in EU/Eurozone have a growth rate ranging from -0.1% to 1.4%. Oh, and I almost forgot negative interest rates are now becoming the norm in euroland and 85% of German Bunds are non-performing and/or interest rate negative.

- Not very encouraging, and now the ECB is getting geared up for another round of QE, which means that the euro is going to be devalued. Of course, the Americans aren’t going to be best pleased with this turn of events.

 

 

 

Edited by DayTrader
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1. European Union is the best political project that Europe has ever had as EU is an area of peace, prosperity and stagnation.

2. UK citizens have made very bad mistake to leave European Union,

they already pay the price for leaving UK as business is flooding out of the country even that formally UK is still part of EU.

3. The EURO currency sub-project was flawed from the beginning. It gave many countries EURO privilege

without the responsibilities of sound fiscal policy. Simply it appeared to outside world that Germans are vouching at least politically

for Greeks debts but they didn't.

4. There are many other issues in EU (like migrant & debt crises) but there is no alternative.

a) Each EU country going  alone is too small in the world against present heavy weights like US, China, Russia or future ones like ASEAN.

b) It is proved by violent 2700 years of European history  that when the countries are not united under common goal or threat they are

fighting with each other to death.

So till alternative is found the EU project will prevail with all its imprefections,

and I hope British will also have second thoughts on the subject.

 

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(edited)

And there it is. Line 2.

Edited by DayTrader

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48 minutes ago, DayTrader said:

And there it is. Line 2.

I am sorry @DayTrader that mentioning about Brexit (1 of 3 EU major problems) disturbed you.

I already see effects of Brexit in pure economic data that is why I mentioned this,

Brexit weakens not only Britain but also the remainder of EU countries, the only winners are big guys I mentioned in 4a

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(edited)

2 minutes ago, Marcin said:

mentioning about Brexit (1 of 3 EU major problems) disturbed you.

Haha just joking man. Bonus points for ''disturbed'' me though  :)  Was just funny that line 2 started like that.. 

Edited by DayTrader

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Need to be cautious about zerohedge, they often present very good, refreshing point of view

in comparison to fake news media, but for me they are too biased in favour of Russia.

They write all these anti-NATO, anti-US articles or why Russia is so good and Putin so wise and balanced stateman.

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(edited)

Noted.

Where are you from?

Edited by DayTrader

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(edited)

3 hours ago, Marcin said:

1. European Union is the best political project that Europe has ever had as EU is an area of peace, prosperity and stagnation.

2. UK citizens have made very bad mistake to leave European Union,

they already pay the price for leaving UK as business is flooding out of the country even that formally UK is still part of EU.

3. The EURO currency sub-project was flawed from the beginning. It gave many countries EURO privilege

without the responsibilities of sound fiscal policy. Simply it appeared to outside world that Germans are vouching at least politically

for Greeks debts but they didn't.

4. There are many other issues in EU (like migrant & debt crises) but there is no alternative.

a) Each EU country going  alone is too small in the world against present heavy weights like US, China, Russia or future ones like ASEAN.

b) It is proved by violent 2700 years of European history  that when the countries are not united under common goal or threat they are

fighting with each other to death.

So till alternative is found the EU project will prevail with all its imprefections,

and I hope British will also have second thoughts on the subject.

 

So Marcin, you think that Great Britain made a big mistake by wanting to leave the European Union. Yet you do not see any fault in the European Union ignoring the will of the populace of Great Britain or the people of Europe  by wrecking the culture of the nations of Europe by admission of vast numbers of immigrants, many of which, should never have even been considered for admission. So, who is to blame? People like yourself who think they should run things regardless of the will of the populace. The same thing is being attempted worldwide and with the same reaction by the people. It is an ongoing battle between the elitists and the average person. It is globalism versus nationalism. The Axis wanted to be the one world government during the Second World War. The communists AKA socialists AKA greens etc. are now trying, via a more surreptitious route. The Comintern did not work out as well as they wanted it to, but it is still in play, without the name. https://en.wikipedia.org/wiki/Communist_International

My stories on One World Government AKA Globalism https://docs.google.com/document/d/1k8kNhtZJLuN66TpDuo67WBV1U2JhhZIvAefxeMNK0ls/edit

Edited by ronwagn
error
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4 hours ago, DayTrader said:

Noted.

Where are you from?

I am from Poland, but that does not make me automatically anti-Russian 😉

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Haha just wondered

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3 hours ago, ronwagn said:

So Marcin, you think that Great Britain made a big mistake by wanting to leave the European Union. Yet you do not see any fault in the European Union ignoring the will of the populace of Great Britain or the people of Europe  by wrecking the culture of the nations of Europe by admission of vast numbers of immigrants, many of which, should never have even been considered for admission. So, who is to blame? People like yourself who think they should run things regardless of the will of the populace. The same thing is being attempted worldwide and with the same reaction by the people. It is an ongoing battle between the elitists and the average person. It is globalism versus nationalism. The Axis wanted to be the one world government during the Second World War. The communists AKA socialists AKA greens etc. are now trying, via a more surreptitious route. The Comintern did not work out as well as they wanted it to, but it is still in play, without the name. https://en.wikipedia.org/wiki/Communist_International

My stories on One World Government AKA Globalism https://docs.google.com/document/d/1k8kNhtZJLuN66TpDuo67WBV1U2JhhZIvAefxeMNK0ls/edit

I am from Poland and you know we do not have any significant problems with immigrants.

We have 0 (zero, null) economic immigrants that do not want to work are currently in Poland.

( I know that some other, rich countries of EU like Germany, Austria or Greece accept millions of economic immigrants,

and they call them "refugees". We cannot interfere in internal affairs of these countries but also do not let them to interfere in ours).

On the other hand over 1.5 to 2  million hard working people mainly from Ukraine (but also from other East and South European and Central

Asia countries) are living and working legally in Poland. Each year more and more of them bring their famillies, get green cards, children

are attending Polish schools etc.

They substitute for millions of Poles that emigrated to UK, The Netherlands, Germany and other countries of "old EU".

The magic is we do not give social security handouts to healthy people of working age, we are too poor.

So coming back to the main topic EU is the fantastic project with some problems to solve.

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And the main culprit that wrecks culture these days is cable and Internet,

hard to persuade kids to read :-)

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31 minutes ago, Marcin said:

And the main culprit that wrecks culture these days is cable and Internet,

hard to persuade kids to read 🙂

It is not the cable and internet, it is what they choose to do with it.

I am a big fan of Poland and how they deal with the E.U. , especially ignoring some of its rules. 

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1 hour ago, Marcin said:

The magic is we do not give social security handouts to healthy people of working age

^ BINGO.  Damn smart move.

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22 hours ago, Marcin said:

I am from Poland, but that does not make me automatically anti-Russian 😉

I love it that your government told the rest of the EU to suck it, you weren't allowing those Muslims in your country, be damned with them.... Australia is finally standing up to them, and it is high time the US told them where to put their Korans before they leave. I can understand not wanting to allow that kind of barbarism into your lands, the peoples safety would be at risk...

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So, Poland is replacing Poles who immigrated to other countries with immigrants with no Polish ‘culture’, history or attitude.

This makes me question why the Poles left Poland in the first place, and leads to the conclusion that the Poland we are familiar with will not exist within two generations.

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15 hours ago, SERWIN said:

I love it that your government told the rest of the EU to suck it, you weren't allowing those Muslims in your country, be damned with them.... Australia is finally standing up to them, and it is high time the US told them where to put their Korans before they leave. I can understand not wanting to allow that kind of barbarism into your lands, the peoples safety would be at risk...

We are just not funding foreigners that can work by our social security system.

We probably have a lot of muslims cause many immigrants come from Central Asia post-Soviet countries,

and you see women in this strange clothing at malls, but actually I do not know cause religion is their private matter,

it is mainly discussed if ever in context of Orthodox holidays cause people need vacation at different times then Poles.

I personally know a few muslims, I know that they are muslims because they do not drink which is still unusual in Poland,

other than that they are just ordinary nice people.

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4 hours ago, Douglas Buckland said:

So, Poland is replacing Poles who immigrated to other countries with immigrants with no Polish ‘culture’, history or attitude.

This makes me question why the Poles left Poland in the first place, and leads to the conclusion that the Poland we are familiar with will not exist within two generations.

Smart Poles leave Poland for the same reason immigrants do since ancient times, in order to have better life.

In Poland life is good for top 20% of earners, it is difficult to live if you are shop assistant or a bus driver, and in Western countries there is much less inequality. For example for good jobs the nominal pay is the similar as in UK, Germany of Netherlands, and bang for the buck is much better in Poland.

I do not see any problem with our culture because of immigrants,

media and internet are the main reasons nations loose their identity,

the same dumb media soup from Vancouver to Vladivostok.

We have law that you need to speak a relatively good Polish like B1 level to achieve green card.

The domination of English in Poland is really scary.

I once had a job in Warsaw where Polish was not required, English only.

I notice that people are polluting ( me too ) Polish with English words and are not even aware of the fact.

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On 9/22/2019 at 8:27 PM, ronwagn said:

Yet you do not see any fault in the European Union ignoring the will of the populace of Great Britain

How is the EU ignoring the will of the people of the UK. Sure, Uk polititicans need to get their s**t in order, but that has nothing to do with the EU. 

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1 minute ago, Marcin said:

I do not see any problem with our culture because of immigrants,

media and internet are the main reasons nations loose their identity,

^Bingo

@Tom Kirkman focus the anger where it needs to be focused. 

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On 9/23/2019 at 1:20 AM, ronwagn said:

It is not the cable and internet, it is what they choose to do with it.

I am a big fan of Poland and how they deal with the E.U. , especially ignoring some of its rules. 

We do not think we ignore the EU rules on immigration. Problems with migrants in Germany, Greece, UK are caused

by inefficient government procedures, just simply many government officials in these countries are not doing their jobs.

I do not want to elaborate too much, so will only mention that it takes 2 days for young Albanian, Tunisian or Bosnian

to become Syrian or Libyan citizen with all the forged documents: passport etc.

It only takes scrutiny to prevent this. You hire a bunch of good language specialists, it takes 5 minutes

to uncover fraud. There are of course many other means to uncover identity fraud, they just do not care.

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18 minutes ago, Marcin said:

We do not think we ignore the EU rules on immigration.

What do you think, then? You like the benefits of the EU, but want none of the responsibillities. 

#MEUGA 

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22 minutes ago, Marcin said:

We do not think we ignore the EU rules on immigration. Problems with migrants in Germany, Greece, UK are caused

by inefficient government procedures, just simply many government officials in these countries are not doing their jobs.

I do not want to elaborate too much, so will only mention that it takes 2 days for young Albanian, Tunisian or Bosnian

to become Syrian or Libyan citizen with all the forged documents: passport etc.

It only takes scrutiny to prevent this. You hire a bunch of good language specialists, it takes 5 minutes

to uncover fraud. There are of course many other means to uncover identity fraud, they just do not care.

What is your take on North Korean slave labour working in Polish Shipyards? 

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55 minutes ago, Marcin said:

Smart Poles leave Poland for the same reason immigrants do since ancient times, in order to have better life.

I notice that people are polluting ( me too ) Polish with English words and are not even aware of the fact.

English: 1/4 French, 1/4 German/Dutch, 1/4 Latin, and 1/4 cursing

English the ultimate bastard language.  We steal words wherever we can get them.  Indians, Chinese, Japanese, Native Americans, Russians, Romanians, Egyptians, and even.... GASP!  the French... yes. 

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Unbridled immigration is not good for any country. Unless the immigrants are of an immediate benefit to the country (have jobs, pay taxes, etc...) they are taking from a system which they have never paid into. Perhaps this is why the ‘natives’ get annoyed.

If the immigrants refuse to assimilate, then what?

It is not a ‘right’ to immigrate illegally. If you are speaking of asylum, then you are required to seek it in the first ‘safe’ country you enter....not make a selection based on the relative welfare systems.

Let’s be honest here, the vast majority of immigrants are not leaving their countries for any other reason than economics, to make a better life elsewhere. I understand that, but if making YOUR life better elsewhere means that someone else's life degrades, then this is simply not right.

Furthermore, if you leave your country, who is left to right the wrongs which caused you to leave? Once someone else rights these wrongs, will you return?

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