Over the last few years, Debbie and I have seen the anti-immigrant issue explode in France. And we hear much about the building wave of negative sentiment in England, Belgium, Hungary, Italy, Switzerland and Denmark, to name a handful. To be specific, it is not immigration in general that is a problem; rather it is immigration from the radical Muslim world. In Germany the movement is labeled “Patriotic Europeans Against Islamization of the West,” or “Pegida” for short. German Chancellor Angela Merkel has said that that there is no place for spreading hatred and slander against people who come to Germany from other countries. In general, the Chancellor of course is correct. But when it comes to the radical Muslim world, she is not. Europeans have been voting on the issue aggressively.
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.