Eric Geenen

These are the year-end wishes of Eric Geenen, who was a speaker at a Goldonomic symposium years ago.

Dear friends,

At this time of year, it is a matter of good decency to wish everyone a Merry Christmas and a Happy 2025. Given the extraordinary life we have been privileged to enjoy, we have every reason to be thankful for it, and although “every house has its cross,” we should not lose sight of the fact that never in history have people lived as well and as long as we have. We were lucky to end up in the right place on our planet because most people have not been allowed to experience the same degree of good fortune.

On December 28, 2024, we will commemorate the massacre of the Innocent Children in Bethlehem. On that day, it will be exactly 27 months since the Belgian government murdered my innocent friend, Yannick Verdyck, based on fabrications. The politicians lied like crazy on Sept. 28, 2022, and in the days that followed, the media completed the character assassination.

Incompetent, corrupt politicians and politically selected corrupt judges supplemented by a press that only spreads the word of their sponsors form a dangerous cocktail. After 27 months, the people who thought “something must have happened” may revise their opinion; Yannick was not a terrorist, he did not prepare an attack, and he did not shoot at the police. All of these were lies that slandered a good man.

Yannick was someone who was preparing for what was to come.  Meanwhile,  his killers are also calling on YOU to prepare for what is coming.  Things can change, said Bredero. For me, the day before yesterday was the first Christmas since Yannick's murder that I could function a little bit normally, but my thoughts were still with my dear parents, sister, and the rest of the family of my good friend Yannick. You don't wish on anyone what those people went through and are still going through today.

The people following me must remember what I experienced in 1995 when I wrote down my first warnings about the evolutions in the financial markets.  Something was seriously wrong in the financial world, and the casino mentality urgently needed better regulation, I wrote in 1995. Instead of stricter rules, Billy Clinton abolished all of them, and we ended up in the Wild West of financial history.  In 2002, I predicted the financial crisis and personally made drastic decisions because I was convinced that its consequences would have a huge impact on our way of life and world stability.

The crux of my thinking was in the fact that during the 1970s, we found ourselves in a situation of creating artificial growth and prosperity through more and more debt.  That condition went from bad to worse and completely derailed in 1987-1989. Since the second half of the 1990s, we slowly but surely ended up in a situation that could no longer be rectified, and in 2008, this led to a party in which just about all the world's major banks celebrated their bankruptcy. The governments decided that the failed banks had to be “rescued,” and they did so by making the enormous problems much larger, as I had predicted in October 2007.

But since most people like to be cheated on, just about everyone clapped their clammy hands together in gratitude for the misery poured upon them. I have often written about the evolution of the U.S. national debt, which kept rising insanely high. When Warlord Obama became president, the national debt passed the $10,000 billion mark, and everyone agreed that this was far too much. We hit $36,269 billion today, and $3.7 billion is added daily ($1,365 billion annually).

Considering that the bulk of that gigantic debt is outstanding at ridiculously low interest rates, the problem gets much bigger. For Belgium, this year's national debt will probably clock in at about 650 billion euros or +/-40% more than five years ago when the Covid-19 hoax was launched. To let the impact of absurdly low interest rates sink in:

Double the debt and pay less interest!

- In 2007, on a national debt of 286 billion euros, we paid 12.32 billion in interest!
- In 2024, on a national debt of 650 billion euros, we will pay +/-11 billion in interest!

Double the debt and pay less interest! Very cozy as long as you can keep that interest rate artificially low. That interest becomes decisive in the spectacle unfolding in the coming years. [Few people realize that the natural market forces ultimately determine the level of interest rates, and politicians and central banks only have an influence on it TIMELY. If those forces of nature take over the process, the chickens will come home to roost soon. Francis Schutte - Goldonomic]

The situation in the bankrupt EU is no better, but it is most complex in the Eurozone because of a single currency introduced years ago. The financial problems in Italy and France are at least as big as in Belgium, while it is now clear to everyone that the “Energiewende-Wir schaffen das-Russia declare war”  mix has dealt a fatal blow to the German economy.

Germany has been the economic engine of the EU for decades, and if it falters, the consequences will be felt in every corner of the EU.  Meanwhile, both Belgium, France, and Germany are without a normally functioning government; the fact that there is no money to run things normally plays a very big role.

People always have fun when I tell them I still value my investment portfolio in Belgian francs, but that fun will be gone when the proverbial dot is put on the “i.” When the euro was introduced, there were two easily verifiable entry conditions: a public debt maximum of 60% and a budget deficit below 3%. Almost no country met both conditions, and it may not be long before no country meets these. Of course, I do not know how the euro monster will be dismantled, but it will be an event that will remain in Europe's collective memory and history books for centuries.

Since the COVID-19 fairy tale and the revolution of the goody-people, one has to be careful what one says because the slightest thing triggers the Inquisition. I am always ready to listen to the views and arguments of others, but I am also always prepared to throw mine on the table. In geopolitics and the world of money, decisions are made or pushed through, and these often produce effects only many years later.

Usually, well-meant measures are introduced that make life easier in the short term but become a curse in the long term.  A good example was the elimination of printed paper (material) securities. That saved an improbable amount of work and expenses, yet it also allows the government to know precisely which assets you own and where you keep them.

There is no escape nowadays, and in case you did not know, the governments are all in extreme need of money. The deficits are enormous, so there are considerable savings to be made, and now they also want to invest untold amounts of money in weapons. I have repeated many times that everything is connected, and today, in short, the story is chronologically as follows:

The financial crisis of 2008, which was the result of 60 years of monetary mismanagement and which was never solved;
The creation of masses of additional debt at extremely low interest rates between 2008 and today;
The massive crisis in the US repo market between mid-September 2019 and February 2020;
The Covid-19 fairy tale that artificially kept that repo market crisis out of the news;
The bankrupt West deliberately provoked the war in Ukraine.

The fact that people are now preparing us for open war with Russia compels me to repeat some sober facts:

1. Russia is the largest (557 times Belgium) and most prosperous country in the world;
2. Russia has virtually no debts and is brimming with raw materials;
3. With 147 million inhabitants, Russia is tremendously underpopulated;
4. Russia has more than enough resources to defend itself and, if necessary, destroy the world three times over; it does not have enough troops to go on a conquest mission;
5. Russia wants to be left alone but had to intervene pre-emptively in Ukraine to keep the bloodthirsty NATO at bay;

In March 2022, Ukraine and Russia reached a peace agreement, but Washington and London forced Zelensky to disregard it. At that time, people in the bankrupt West still thought they were going to bring Russia to its knees with the sanctions Putin had prepared. This enumeration to make clear that the rant “we must stop the Russians in Ukraine, or they will be at our door tomorrow” is grotesque nonsense.

Historically, the West is bankrupt, which has always been a formidable excuse to go to war.  The fact that the bankrupt EU committed economic suicide by declaring war on Russia only makes the current situation more dangerous. Germany, the economic engine of the EU, is at a standstill for various reasons, and the war with Russia is a catalyst.

War has only become more dangerous and cruel in the past hundred years. By the way, war is becoming more like a video game. You can chase your enemy 200 kilometers away like a wild rabbit and tear him apart at any moment. This is very enjoyable if you control the game console. People with children and grandchildren should think a few times before promoting such nonsense as necessary.

Dare to stand up to the war hatred before it is too late!  Ask simple questions of people who spread the irrational war propaganda against Russia:

1. What has Russia ever done wrong to YOU?
2. What countries has Russia ever attacked?
3. What countries has the bankrupt U.S. attacked in the last 75 years? Coups? Political assassinations?
4. Answer: Vietnam, Cambodia, Laos, Iran, Latin America, Lebanon, Cuba, Granada, Panama, Somalia, Yugoslavia, Afghanistan, Iraq, Yemen, Libya, Syria......
5. Russia is big and rich, but where is Russia going to get the soldiers to occupy the EU?

These are very simple questions that unworldly war haters will not know what to do with.

The world we live in today is different from the one we grew up in. Privacy, banking secrecy, and common sense are phenomena of the past. The way the masses went along with dealing with the financial crisis, the Covid-19 fairy tale, the murder of my friend Yannick, and the anti-Russian propaganda do not bode well for when reality sets in. The problem of gigantic debt mountains cannot be conjured away without extremely painful interventions. Does the bankrupt West need a major war with Russia to implement interventions without revolutions? Why did they stubbornly refuse to negotiate peace in Ukraine? Why did they refuse to change strategy when it became clear that draconian sanctions against Russia were not working?

The financial/monetary situation and the geopolitical spectacle make all predictions today pure guesswork and, therefore, make no sense today. My advice has remained almost unchanged since 2002:

1. Hold plenty of physical gold;
2. Build a portfolio of good, healthy companies for the long term;
3. Don't overdo it with real estate;
4. Limit the amount of cash in your bank accounts;
5. For those who can afford it: Provide a safe haven outside the EU/USA, just in case...

On Monday, May 19, I will attend my 25th general meeting of the National Bank of Belgium. For the 24th time, I am calling for a massive shareholder attendance at that general meeting. Those calls, like the cries “join Deminor” and later “join Jaak Van Der Gucht,” were radically ignored by the majority of shareholders, and, as a result, over the years, the criminals got a better and better grip on the situation.

I have sacrificed an essential part of my life to this dossier, but I will soon turn 66, and as far as I know, I do not have an “eternal life pass.” However, my diligent work on the National Bank dossier has given me access to the main temples of money in the EU and made me understand better than anyone else what was going on there and what crucial mistakes were made. Monday, May 19, 2025: I need a thousand shareholders there, in 2024 I had about forty.... May the force be with me!

History is what it is, and ordinary people can do little to change it.  They must want it even if they could, as happens with the National Bank of Belgium.

For the critical tipping points in history, however, ordinary people are almost always doomed, but even then, it is still better to understand what and why things happen so that you can still prepare things a bit. For the conclusion, I refer to my first paragraph. The good, rich life we were allowed to enjoy resulted from the mistakes that will now determine the future. So let us be grateful for all the good we were allowed to experience and prepare for the future as best we can.

Here in Kenya, I see daily how lucky we have been in Europe; it is important to focus on that. But besides the material side of life, certainly do not forget the psychological side because today's need appears higher than ever before. Caring for our children and grandchildren and offering them the love they deserve... Teaching our offspring values and daring to say “no” in time....Regularly falling back on “My love, I love you” and that indispensable common sense... It's the little things that do it, as Saskia & Serge sang in 1972, which is quite often the case.

From my nest, 76 kilometers south of the equator, I wish you all a peaceful Christmas and a healthy and loving 2025.

Best regards,

Erik Geenen and family.