The Euro has crashed by 13% since January of 2018. For the reason that so much of Germany’s exports are to other EU countries and they are all jam-packed with debt. Unfortunately, Berlin is pushing through a €53 billion tax increase, including a €1,000 CO2 tax per household per year. I am sure that will do wonders in revitalizing the economy. Moreover, a big miss to the German Manufacturing Purchasing Managers Index (PMI) in March was reiterated by April’s number, which was just as gruesome. The March 22nd release missed by above 3 points to get in at 44.7 versus expected outcome of 48.0 (Anything under 50 is deemed a contraction).

Germany is already on the road to economic collapse. Manufacturing PMI print was the most terrible news Angela Merkel could have fancied, 41.4! A figure so horrific dogs will want to roll on it. Generally, Germany’s economy at the purchasing manager’s level is shrinking.

Germany is in big trouble and with it the whole European Project heading into an economic collapse. The massive debt levels brought on by using a debt-based currency are killing the EU. The US and its vassals are all crashing at the same time, pretending to own gold is not the same as owning gold to pull you out of trouble. A major stock market crash is coming fast, and most of the western world still thinks that printing money would save them. Big economic collapse is coming. The collapse will happen despite the central banks because it is due. Poor old Germany will struggle more because they are used to being wealthier.