Felix Zulauf: “The Germans will realize that they were duped”

Dear Friend, I am beyond excited. In less than 48 hours, we are going live with our first-ever [Virtual SIC 2020](. I’m especially looking forward to our five panels, which promise to be lively affairs. There is so much to talk about. Take our Europe panel, for example. While the United States is currently in crisis mode, some economies, like the European Union, are much worse off. Felix Zulauf, world-renowned investor, longtime member of the Barron’s Roundtable, and one of the most analytical thinkers I know when it comes to global macroeconomics, will have much to say about that. One of my German associates translated an interview for me that was published in WirtschaftsWoche, Germany’s leading economic magazine... and as is typical for Felix, he did not mince his words. In his opinion, the highly indebted EU has only two options: Either socialize the crushing eurozone debt—which has been incurred mostly by the poor Southern European countries but will have to be shared by their Northern European peers—or break up for good. He predicts that especially Germany, the most prolific and competitive EU member state, will not be pleased. “Over time, the German public will realize that they have been duped,” he said in the interview, “and that they are the only nation who wasn’t allowed to vote on this.” “The citizens of the northern group were never told that the euro can only persist if the debts of the eurozone are being socialized. That was always just a matter of time, and the greater the economic downturn, the greater the pressure to make a final decision. At the birth of the euro, I said that this would be the shortest currency union in history if it didn’t abide by its self-imposed rules. After three years, the breaking of rules started, and meanwhile all the rules have been massively broken. Most member states wouldn’t even qualify anymore today.” Let’s see if Felix’s fellow panelists will agree with him. He will be joined by geopolitical expert George Friedman, Gavekal founder Charles Gave, Gavekal founding partner and chief economist Anatole Kaletsky, and the CEO of Gavekal Research, Louis Gave, as the moderator. I’ve known all these guys for many years, and they are not only incredibly knowledgeable but also pretty outspoken. This should make for a very dynamic conversation. If you haven’t signed up to join us yet, please don’t wait any longer. [Click here to claim your Virtual SIC 2020 Pass today]( so you can catch the full live SIC experience when we start tomorrow. You even get to ask questions during the live Q&A sessions we’ve arranged. And you get all that—plus about 30 hours of video and audio recordings as well as transcripts and presenter slides once the Virtual SIC is over—for just $395. It truly doesn’t get any better. [Get your Pass right now and dive into the live SIC with me tomorrow.Â]( Your let’s take this show on the road together analyst, [John Mauldin] John Mauldin Co-Founder Mauldin Economics P.S. It is official: Investments & Wealth Institute® has accepted the Strategic Investment Conference 2020 for CE credit towards the CIMA®, CPWA®, CIMC®, and RMA® certifications. If you want to claim your credits, you will need to fill out a survey on the SIC app after each session. Two weeks after the conference, you will receive a letter that you will need to provide to your governing organization that will authorize the credits earned. Copyright © 2020 Mauldin Economics. All Rights Reserved Mauldin Economics, LLC | PO Box 192495 | Dallas, TX 75219 [Manage your email preferences here.](