"This is exactly why our models projected Europe entering a depressionary cycle into 2028 while capital continues concentrating in the United States despite all the political chaos in Washington. Capital always seeks the least-worst alternative during sovereign debt crises. Europe has become hostile toward capital formation itself. They tax productivity, regulate energy, suppress agriculture, destroy industry, and now openly discuss how to prevent wealth from leaving.

The combination of wealth taxes, exit taxes, digital IDs, CBDCs, beneficial ownership registries, and expanding surveillance powers should terrify anyone with assets inside Europe. Once capital controls formally arrive, it will already be too late. Governments never announce confiscation in advance. They implement it during emergencies.

The EU depression into 2028 is not merely an economic downturn. It is a political transformation phase where governments become increasingly authoritarian as confidence collapses. Civil unrest rises, taxation intensifies, and restrictions on movement and capital expand simultaneously. That is precisely what our ECM has been warning about for years.

If you are sitting in Europe waiting for politicians to reverse course, you are gambling with your future. Get your money out of Europe while you still can."

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/europe-explores-wealth-taxes-capital-taxes-and-exit-taxes/