Martin Armstrong: Even the IMF has now revised its forecast for German economic growth
down sharply. We have been warning that 2013 Europe will turn NEGATIVE
on the GDP growth as a whole. The IMF now sees major risks that the
German economy is not recovering and that Germany should abandon
austerity.
Meanwhile, now the UN is warning of European civil unrest rising
because of unemployment. The risk of social unrest is rising based upon
the recent report by the International Labour Agency. We have been
warning that there is simply no hope of job growth under these economic
policies. Politicians cannot look in a mirror and see what they are
doing to Western Civilization.
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