EU Commission President Jean-Claude Juncker just called emergency talks on the refugee crisis for this coming Sunday — and for good reason:
Europe is sinking under the tsunami of refugees now flooding the Continent.
It’s a recipe for disaster:
Take 28 debt-ravaged socialist nations with “cradle-to-the-grave” giveaway programs that guarantee free housing, food, medical care, education, retirement and more ...
Add millions of destitute refugees from Syria and other Middle Eastern countries — most of them young men with families eager to follow ...
And suddenly, a government debt crisis becomes a government debt CATASTROPHE.
Now, finally, even the dimmest minds in EU governance are beginning to grasp the severity of the situation.
Finally, it’s dawning on them: This never-ending human tidal wave IS a straw that could — and likely will — break the EU’s back.
The EU and its nations have no money. They are in debt up to their eyeballs. The only way they can accommodate these refugees is to 1) print more money and 2) borrow more money.
Put simply, every new refugee guarantees more debt will be piled on top of the already-unpayable debts that have buried EU governments all over the Continent.
I’ve said it before and I’ll say it again — my supercycle forecasts are right on the money: Barring a miracle, the European Union is racing towards a massive, crippling economic catastrophe.
Once again: This is why it’s critical that you consider investments that rise when the euro plunges ... that soar when European stocks crater ... and that spin off huge profits as trillions of euros in flight capital move into U.S. dollars and investments ... will make savvy investors rich.
Yours for supercycle survival and profits,
Senior Analyst, Weiss Research
Editor, Supercycle Trader
P.S. Although enrollment in my Supercycle Trader has now closed, I will continue these daily updates to help keep you abreast as this crisis continues to unfold.
The investment strategy and opinions expressed in this article are those of the author's and do not necessarily reflect those of any other editor at Weiss Research or the company as a whole.