QUESTION #1: Marty.
I just read your post on Europe being broke. You say get out of all EU assets and they will screw Americans just like they are the Russians.
I have an apartment in downtown Athens that my aunt left to me. I would guess value is around 250-300K euros. I’m reluctant to sell in because taxes total 320 euros and utilities/fees another 400 euros yearly.
You’ve been writing about exiting European assets and I looked into selling but being a foreigner I feel realtors are trying to get me to sell for less than it was worth.
I know you have written that hard assets endure against changing currencies and governments.
A quick response would be greatly appreciated.
Alex
ANSWER: French Foreign Minister Jean-Noël Barrot wrote on X that the EU decision means that “no one will decide in place of the Europeans the use of these funds.” Trump’s NSS document made the point clear that many EU governments are agreeing with that the EU is facing ‘civilisational erasure’ because of its immigration policies and ‘censorship of free speech.’ If you read the NSS carefully, you will see that it focus US relationships with European countries on a few nations with like-minded over these issues. This includes Austria, Hungary, Italy and Poland were listed by the NSS as countries America should “work more with”, for the ultimate goal of “pulling them away from” the EU.
Belgium holds $183 billion at Euroclear. Its Prime Minister calls the competing EU plan “fundamentally wrong” and warns Russian litigation could “mean bankruptcy for Belgium.”
I am not concerned about property, but liquid assets that capital control can prevent from being wired. The EU will by no means survive. The actions of the EU and NATO are clearly about their own existence. Neither cares about Europe, the people, or the political member states. NATO is an expired cold war entity that should have been shut down. It’s ONLY purpose is war and to keep the money flowing they need to justify their existence by constantly claiming Russia wants to invade as if this is the days of Khrushchev when communism would defeat capitalism.
QUESTION #2: Larry Fink, Kushner and Bessent are all directly involved in Ukraine negotiations. Who is the 4th Horseman? Steve Witkoff?
GF
ANSWER #2: Yes. I would not invest 10 cents of my worst enemy in anything that they concoct. I warned them not to invest in Russia back in 1998. They did not listen. Soros lost $2 billion. Bessent the left. It’s always the same game. They think that they can control government for the perfect trade. I fear this is another huge loss in the making.
QUESTION #3:
“I hear you, but it’s hard to comprehend how anyone could want war. I guess they think they and their posterity will be exempt from going to fight and the effects of war. They are willing to sacrifice other people’s lives. After dinner you pointed to my son and said that they would want to send him to fight. I have been looking for ways to avoid that from happening. I won’t allow it. Not for an unjust war.
There should be a law put in place that if you vote for war, that you and your posterity have to be the first to fight on the front lines.”
REPLY: This is problem. This is about retaining power. War is the only answer for the EU to retain the money and NATO to keep getting 5% of everyone’s GDP to line their pockets for salaries and pensions. The people should have the final say about war. NOT those who profit from war!