The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Backlash In Germany

In Italy, the two anti-migrant parties won the election.

Austria may expel up to 60 Turkish-funded Imams and their families. They may even shutter seven mosques as part of a crackdown on what they have termed “political Islam,” reports AFP.

Other European countries have realized that “no good deed goes unpunished.” They thought they were helping the poor and the needy. Now they realize that the agenda of these “poor and needy” people is something totally different.

In Germany, Angela Merkel’s majority party CDU has given her an ultimatum for reforming Germany’s immigration policy that is tearing Germany and all of Europe apart. Merkel will go down into history as the Prime Minister who did the most to destroy law and order in the country.

The German newspaper, Bild Zeitung, reports that Germany’s Christian Social Union party will give her a two-week deadline to meet its demands for overhauling asylum policy.

Germany’s most popular news magazine, Der Spiegel, writes: “The German question… How do we deal with migrants? Endangers Merkel’s chancellorship.”

Germans, just like the Italians, Austrians, and Spaniards, are getting fed up with having to take tens of thousands of uneducated, unskilled, and often diseased migrants from Sub-Saharan countries. The EU passed a law forcing the countries to take boatload after boatload of these “migrants.” It’s a great money maker for the smugglers, the Italian Mafia, and organizations that function as the enablers.

But some overwhelmed countries have decided that enough is enough. They cite the refugees’ refusal to assimilate, increasing crime statistics (particularly against women), and no-go zones in which the migrants have banded together and created areas in which Europeans are not welcome.

The European Union is so displeased about this that they’ve taken 3 of their member countries to court for refusing to “share the burden of hosting migrants.”

The top politicians have been compromised (by money and other benefits) and their citizens have to suffer. In German cities, women are advised not to go after dark because of the many rapes committed by these migrants. The EU leaders are blind to these problems and insist that their law be followed. The very existence of the EU as we know it will come into jeopardy unless the leadership is changed. But because they are not elected, such a change will not come until it is too late.

For investors: we believe that euro currency is in a long term bear market now.

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