Socio-Economics History Blog

Socio-Economics & History Commentary

Alien UFO Invasion Will ‘Save Earth from World War III. World War 3 Averted? US Asks Russia To Unite Against ‘Miles-Wide’ Alien UFO Invasion Fleet

http://www.ibtimes.com/alien-ufo-invasion-will-save-earth-world-war-iii-latest-conspiracy-theory-shows-2439176

The “Good Aliens” Invasion HOAX. The Illuminist plan is for a “Good Aliens” Invasion to prevent all out nuclear WW3. These are NOT Aliens. They are fallen angels, Nephilim …. Click on image for article.

http://www.inquisitr.com/3662997/world-war-3-averted-us-asks-russia-to-unite-against-miles-wide-alien-ufo-invasion-fleet/

The “Good Aliens” Invasion HOAX. The Illuminist plan is for a “Good Aliens” Invasion to prevent all out nuclear WW3. These are NOT Aliens. They are fallen angels, Nephilim …. The “Evil Aliens” Invasion Hoax: this is to unite the world to attack the Lord Jesus Christ, the Blessed Son of God during His 2nd Coming. Click on image for article.

October 31, 2016 Posted by | EndTimes | , , , , , , , , , , , , , , , | Comments Off on Alien UFO Invasion Will ‘Save Earth from World War III. World War 3 Averted? US Asks Russia To Unite Against ‘Miles-Wide’ Alien UFO Invasion Fleet

Alien UFO Invasion Fleet Will Reach Earth In September 2017,’ Obama Allegedly Warns Putin After NASA Detected ‘Miles-Wide’ Armada Of Spaceships That Entered Our Solar System

http://www.inquisitr.com/3656426/alien-ufo-invasion-fleet-will-reach-earth-in-september-2017-obama-warns-putin-after-nasa-detected-miles-wide-armada-of-spaceships-that-entered-our-solar-system-video/

23 Sept 2017 is the coming fulfillment of Revelation 12. The fallen angels will be kick out of heaven and cast down to earth. “Good Aliens” = Satan and his fallen angels kicked out of heaven onto earth. “Evil Aliens” = Lord Jesus Christ and His army of heaven in the 2nd coming! Click on image for article.

  • Revelation 12 New King James Version (NKJV)
    The Woman, the Child, and the Dragon
    12 Now a great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet, and on her head a garland of twelve stars. 2 Then being with child, she cried out in labor and in pain to give birth.
    3 And another sign appeared in heaven: behold, a great, fiery red dragon having seven heads and ten horns, and seven diadems on his heads. 4 His tail drew a third of the stars of heaven and threw them to the earth. And the dragon stood before the woman who was ready to give birth, to devour her Child as soon as it was born. 5 She bore a male Child who was to rule all nations with a rod of iron. And her Child was caught up to God and His throne. 6 Then the woman fled into the wilderness, where she has a place prepared by God, that they should feed her there one thousand two hundred and sixty days.

    Satan Thrown Out of Heaven
    7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they did not prevail, nor was a place found for them[a] in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
    10 Then I heard a loud voice saying in heaven, “Now salvation, and strength, and the kingdom of our God, and the power of His Christ have come, for the accuser of our brethren, who accused them before our God day and night, has been cast down. 11 And they overcame him by the blood of the Lamb and by the word of their testimony, and they did not love their lives to the death. 12 Therefore rejoice, O heavens, and you who dwell in them! Woe to the inhabitants of the earth and the sea! For the devil has come down to you, having great wrath, because he knows that he has a short time.”
http://www.dailystar.co.uk/news/latest-news/557708/WW3-Vladimir-Putin-Barack-Obama-aliens-attack-2017-missile-system

The “Good Aliens” Invasion HOAX. The Illuminist plan is for a “Good Aliens” Invasion to prevent all out nuclear WW3. These are NOT Aliens. They are fallen angels, Nephilim …. The “Evil Aliens” Invasion Hoax: this is to unite the world to attack the Lord Jesus Christ, the Blessed Son of God during His 2nd Coming. Click on image for article.

  • The video below is based on Sorcha Faal’s 24 April 2011 website report: US Warns Russia: “Aliens On Their Way, Will Be Here In 2012”. The date has been changed from 2012 to Sept 2017. This website is, IMO, a highly sophisticated Illuminist psyop, propaganda. Why do I say it is Illuminist? You will find this article by David Booth there: “Dirty, Filthy, Christians”: Treatise On The Most Dangerous Death Cult In Human History. Article is blasphemous (ie. people behind it are Satanists). “…. Evidence? This statement in the article:

    “In this, Mr. Booth’s last book, and the culmination of his devotion to the truth at all personal costs, you will learn the honest and horrific truth about the origins of the Christian Death Cult and how for the past 1,000 years the deception, and tactics, of this death cult have used an imaginary historical religious figures named Jesus Christ to create our present World …” 
  • According to some in the know, Sorcha Faal is really a pen name for David Booth, CIA (CointelPro). Like all Illuminist psyop, to sell a LIE effectively you must hide it in many truths. You cannot sell LIEs if you do not have credibility. If you lie 100% of the time. You will deceive very few people because it will be easy to catch you in a lie. You will lose credibility. To be effective in deception, you must always hide your lies in many truths (think 10-20% lies, rest truths). So there are incredible truths hidden in the subtle LIEs for those sharp enough to spot Truth from Error.
  • Insiders will always tell you that: Illuminists (ie. Satanists) must always tell you what they are about to do. But in their own twisted way. Spiritually, in the battle between Truth and Lies ie. God and Satan, the Truth will/must always be revealed. Otherwise, how will the Truth (ie. God) be defeated by the LIE (ie. Satan) and vice versa. Man is always given a choice: choose to believe the Truth (which is of God) or choose to believe the LIE (which is of the Devil). If the Truth is not revealed, how can Man choose to believe the Truth? This is the reason why insiders, people like Pastor Lindsey Williams with insider contacts will tell you: ” They (Satanists) will always tell you what they are about to do.”
  • I don’t recommend people read http://www.whatdoesitmean.com (Sorcha Faal) unless you are pretty sharp in distinguishing truth from lies. Like all sophisticated psyop, CoIntelPro, it does have many startling truths. Can you spot them and are you able to see the subtle lies that are being promoted?

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October 31, 2016 Posted by | EndTimes | , , , , , , , , , , | Comments Off on Alien UFO Invasion Fleet Will Reach Earth In September 2017,’ Obama Allegedly Warns Putin After NASA Detected ‘Miles-Wide’ Armada Of Spaceships That Entered Our Solar System

Israel Demolishes 3 Palestinian Homes in Negev

  • Published on Oct 30, 2016
    Israel has demolished three Palestinian homes in a village in the occupied Negev region. The three houses were destroyed after Israeli forces stormed the village of Bir Haddaj and forcefully evacuated the residents. A committee supporting the Arab population in Negev says the attack on Arab Bedouins and opposing all the plans the committee has proposed are aimed at defeating Palestinians. Earlier this month, Israel demolished 10 Palestinian homes in the village, making its residents homeless. Bir Haddaj has been recognized by Israeli authorities but they have postponed an official construction plan and the issuing of licenses. Village officials say the delay is meant to force the residents out and demolish Palestinian properties to make way for a settlement.
http://www.haaretz.com/blogs/a-special-place-in-hell/.premium-1.671538

Click on image for article.

https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

Noam_chomsky-It_is_not_War_it_is_murder_by_Zionist_Israel

https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

http://www.independent.co.uk/news/world/middle-east/tales-from-gaza-what-is-life-really-like-in-the-worlds-largest-outdoor-prison-8567611.html

Click on image for article!

http://www.ynetnews.com/articles/0,7340,L-3595097,00.html

Click on image for article!

https://socioecohistory.wordpress.com/2011/05/26/ashkenazi-jews-are-not-descendents-of-the-biblical-israelites-2/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

  • “In 2001, Dr. Ariella Oppenheim, of Hebrew University, a biologist, published the first extensive study of DNA and the origin of the Jews. Her research found that virtually all the Jews came from Khazar blood. Not only that but Oppenheim discovered that the Palestinians—the very people whom the Jews had been persecuting and ejecting from Israel’s land since 1948—had more Israelite blood than did the Jews. In sum, the vast majority of the Jews were not Jews; some of the Palestinians were. Some of the Palestinians even had a DNA chromosome which established that they were “Cohens”—workers at the ancient Temple and synagogues of the Jews.” – Quote
https://socioecohistory.wordpress.com/2013/03/12/professor-noam-chomsky-jew-my-visit-to-gaza-the-worlds-largest-open-air-prison/

Click on image for article!

http://www.scienceworldreport.com/articles/10059/20131009/dna-samples-confirm-ashkenazi-jews-are-of-european-descent-study.htm

Ashkenazi Khazar Jews are not semitic people and not the real Jews of the Bible! Not the descendents of the 12 sons of Jacob/Israel !Click on image for article!

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October 31, 2016 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | 1 Comment

German Parents May Face Court After Refusing Son’s School Trip to Mosque

  • Published on Oct 30, 2016
    Parents of a German teenager may face a trial and fine for “truancy” after refusing to allow their son to go to a local mosque on a school field trip out of fear that it would lead to his “indoctrination” by Islamic radicals.

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October 31, 2016 Posted by | GeoPolitics, Social Trends | , , , , , | 1 Comment

Dress Warm, Pack Condoms, Hide: Lithuania Writes Guerilla Manual for Russian Invasion

  • Published on Oct 30, 2016
    Lithuania has printed out a 75-page guide to be issued to its citizens in preparation for a potential incursion from the east. The pamphlet promises to turn an ordinary resident into a novice guerilla fighter.

Hermann-Goering-Ppropaganda_for_War2

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October 31, 2016 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , | 1 Comment

Rudy Giuliani: Crooked Hillary Should Be Charged With 16 FELONIES. Jail / Prison

October 31, 2016 Posted by | GeoPolitics | , , , , , , | 2 Comments

World War 3 Escalation: Russia Answers U.S. Troops In Norway, Poland With Nuclear Warships In The Baltic

http://www.inquisitr.com/3659601/world-war-3-escalation-russia-answers-us-troops-in-norway-poland-with-nuclear-warships-in-the-baltic/

Click on image for article.

http://www.news.com.au/world/russian-general-warns-world-on-brink-of-war-as-nato-rushes-to-reinforce-eastern-europe/news-story/86486a30050183ae07a039980b02b5fb

Click on image for article.

http://www.ibtimes.com/world-war-3-russia-sends-missiles-counter-nato-plans-historic-military-baltic-buildup-2437257

Click on image for article.

http://www.express.co.uk/news/world/725512/Vladimir-Putin-military-exercise-Russia-jets-bombers-take-part

Click on image for article.

http://www.express.co.uk/news/uk/725430/british-army-russia-border-estonia-vladimir-putin-800-soldiers

Click on image for article.

October 31, 2016 Posted by | GeoPolitics | , , , , , , , , , , , | 1 Comment

US-Russian War Tensions Mount Over Eastern Europe And Syria

  • US-Russian War Tensions Mount Over Eastern Europe And Syria
    by Bill Van Auken, http://www.wsws.org/  
    NATO defense ministers convened a two-day meeting in Brussels Wednesday to thrash out final plans for the deployment of some 4,000 combat troops organized in four battle groups within striking distance of Russia’s border.

    These front-line forces are to be backed by a 40,000-strong rapid reaction force capable of going into battle within days. The plan represents the largest military escalation in the region since the height of the Cold War between the US and the former Soviet Union and carries with it the heightened threat of an armed confrontation between Washington and Moscow, the world’s two largest nuclear powers.

    At the end of Wednesday’s session, NATO Secretary General Jens Stoltenberg confirmed that the United States, Britain, Germany and Canada had agreed to provide the leading elements of the battle groups to be deployed respectively in Poland and the three former Soviet Baltic republics: Estonia, Lithuania and Latvia.

    Stoltenberg added that other NATO member states would contribute soldiers and armaments to the buildup. Describing the deployment as “multinational,” he stressed that it underscored that “[a]n attack on any ally will be considered an attack on us all.”

    US Defense Secretary Ashton Carter said that Washington would send a “battle-ready battalion task force” of approximately 900 solders into eastern Poland. The troops are to be drawn from the 2nd Stryker Cavalry Regiment, named for the Stryker armored fighting vehicle. The unit was sent repeatedly into the wars in Afghanistan and Iraq.

    In addition, the Pentagon is sending the 3rd Armored Brigade Combat Team of the 4th Infantry Division, replete with battle tanks and heavy artillery, which will be based in Poland, but operate in the general periphery of ex-Soviet republics and former Warsaw Pact nations on Russia’s western flank. Also being sent is the 10th Combat Aviation Brigade, equipped with Black Hawk attack helicopters.

    Washington has also announced it is dispatching 330 Marines to a base in Norway after the Norwegian government approved the deployment Monday. “We expect a sustained challenge from the East, from Russia, by way of its military activity,” Douglas Lute, the US ambassador to NATO, said in explaining the move.

    Britain, meanwhile, spelled out its plans to deploy 800 troops to Estonia, equipped with battle tanks, armored infantry fighting vehicles and drones. It is to be joined by units from France and Denmark. British warplanes are also being sent to Romania.

    Germany will deploy a battalion of between 400 and 600 troops to Lithuania, marking the first entry of the German military into the country since its occupation by the Nazis, who carried out the murder of close to a quarter of a million Jews there. The German deployment will be backed by units from Netherlands, Norway, Belgium, Croatia and Luxembourg.

    Canada is reportedly sending 450 troops to Latvia, to be joined by 140 Italian military personnel.

    read more.
http://www.dailymail.co.uk/news/article-3875394/US-troops-deployed-Poland-stand-guard-Russia-s-borders-biggest-military-build-Cold-War-Putin-s-attack-DNC-mass-nuclear-drill.html

In war propaganda, you always portray yourselves as righteous victims reacting defensively to the aggressive actions of the enemy. The west is provoking the Russian Bear into WW3. Click on image for article.

http://www.dailymail.co.uk/news/article-3874464/Europe-war-footing-Britain-sends-tanks-drones-800-troops-Estonia-biggest-military-build-Russia-s-borders-Cold-War-response-Putin-s-war-mongering.html

Click on image for article.

http://english.pravda.ru/russia/politics/23-12-2010/116336-wikileaks_reveals_nato_attack_plan_against_russia-0/

Click on image for article.

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October 31, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , | 1 Comment

‘If Euro Survives The Crisis Will Just Carry on LONGER’ Eurozone is FINISHED Says Portillo

http://www.express.co.uk/news/uk/726367/michael-portillo-digby-jones-euro-EU

Click on image for article.

Eurozone_Collapse

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

Click on image for article.

http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621

Click on image for article.

October 31, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

Russia is Hoarding Gold at an Alarming Rate — The Next World War Will Be Fought with Currencies

Putin_gold

  • Russia is Hoarding Gold at an Alarming Rate — The Next World War Will Be Fought with Currencies
    by Jay Syrmopoulos, http://thefreethoughtproject.com/  
    Moscow, Russia – With all eyes on Russia’s unveiling their latest nuclear intercontinental ballistic missile (ICBM), which NATO has dubbed the “SATAN” missile, as tensions with the U.S. increase, Moscow’s most potent “weapon” may be something drastically different.

    The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble.

    Take a look at the symbol below, as it could soon come to change the entire hierarchy of the international order – potentially ushering in a complete international paradigm shift – and much sooner than you might think.
Bank of Russia: New Symbol for Ruble.

Bank of Russia: New Symbol for Ruble.

  • The symbol is the new designation of the Russian ruble, Russia’s national currency. Similar to how the U.S. uses the dollar sign ($), the U.K. uses the pound sign (£), and the European Union uses the euro symbol (€), Russia is about to begin exporting its symbol internationally.

    After the failed “reset” in U.S./Russian relations by the Obama administration, and the continued deterioration of the countries relationship, Washington began targeting entire sectors of the Russian economy, as well as specific individuals, meant to impose an economic burden so severe that it would force Moscow into compliance.

    Instead of decimating Russia, what it precipitated was a Russian response of gradually weaning themselves off of the hegemony of the U.S. petrodollar, and working with China to create an alternative to the SWIFT payment system that isn’t solely controlled by Western interests (see Asian Infrastructure Investment Bank, New Development Bank). According to the Corbett Report:

    read more.

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October 31, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | 1 Comment

Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’
    by , https://www.bullionstar.com/  
    Original source at Financieel Dagblad, published 29 October 2016. Translated by Koos Jansen.
    … “The whole world is now in the same boat. Everywhere there are low interest rates and on all continents money is printed. Only the United States has paused printing for the moment.


    There are many flaws in fiat money. You can print it without limitations, which is politically too tempting. Fiat money printing was used to save the financial system in 2008, but since then nothing has changed. Banks are not split. In a next crisis it’s going to end badly with paper money. There will be significant inflation.

    Gold is a hard currency. It can’t be printed – like fiat money. It is divisible and it does not perish. It retains its purchasing power in the long term. If it’s in the center of the monetary system, it will also be more stable in terms of purchasing power in the short and medium term. That has to do with economic principles; it is a commodity.

    In that respect I feel safe by keeping a portion of my savings in physical gold. I am protected from economic shocks. If the euro falls gold rises, and so my purchasing power is maintained.

    Something has to happen in the international monetary system. It cannot stay centred around the dollar. Since 1971 – when the dollar was detached from gold – the United States has an exorbitant privilege. Most trade in the world is settled in dollars. Therefore, there is a huge demand for dollars in the world, and the US can simply print these dollars.

    In the new system gold is going  play a role. Look at the developments in Europe. The Netherlands and Germany get their gold back from America. Austria and Belgium are also repatriating. Russia and China buy a lot of gold. The Chinese have too many dollars in foreign exchange reserves and are therefore at the mercy of the whims of US policy. The transition to a new system will be gradual. No one wants a new shock.

    read more.

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October 31, 2016 Posted by | Economics | , , , , , , , , | Comments Off on Gold Is Going To Play A Role In A New Monetary System. Interview Koos Jansen by ‘Dutch Financial Times’

Tim Cook: “We’re Going to Kill Cash” – Apple CEO Reveals Top Priority for New World Order

https://www.bloomberg.com/view/articles/2016-09-01/want-a-free-market-abolish-cash

Click on image for article.

http://www.wsj.com/articles/preparing-for-a-world-without-cash-147035

‘666’ Propaganda! Subscription needed. Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash

Click on image for article.

http://news.xinhuanet.com/english/2016-01/20/c_135029001.htm

Click on image for article.

http://www.telegraph.co.uk/news/shopping-and-consumer-news/11989595/Apple-boss-Next-generation-of-children-will-not-know-what-money-is.html

Click on image for article.

http://www.infowars.com/financial-times-calls-for-abolishing-cash/

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

http://www.armstrongeconomics.com/archives/30862

Click on image for article.

October 31, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , | Comments Off on Tim Cook: “We’re Going to Kill Cash” – Apple CEO Reveals Top Priority for New World Order

Will The EU Survive The Year? Crisis-Plagued Bloc Faces EXISTENTIAL Crisis in 2017

EUrope_collapse1

  • Will The EU Survive The Year? Crisis-Plagued Bloc Faces EXISTENTIAL Crisis in 2017
    by CYRUS ENGINEER, http://www.express.co.uk/  
    THE EU is facing multiple existential crises and the future of the Brussels bloc could hinge on the fate of the French, German and Dutch elections in 2017.

    Euroscepticism, partly fuelled by Britain’s historic vote to leave the EU, is running high in all three nations currently. And according to a respected German journalist, the continued existence of the EU is in jeopardy.

    Malte Lehming, the opinion page editor at Der Tagesspiegel, told DW: “The pessimist in this case [of the EU’s future] is the well-informed realist. “The crisis is not just a singular crisis – we have multiple crises.” “We have the refugee crisis, a split in Europe about what to do with a million refugees it is still unresolved. “We have thousands of refugees still coming over the Mediterranean to the southern shores of Italy and nobody knows how to really make a difference between migrants and refugees.

    “We have the Ukraine crisis, we have the unresolved Greek debt crisis.” In a damning indictment of the leadership of Europe, Lehming said there was “no clear will” to resolve the issues facing the EU.

    Next year will see national elections in Germany, France and the Netherlands – three critical nations which form the core of the EU. Eurosceptic and right wing parties such as Marine le Pen’s National Front, the Alternative for Germany and Geert Wilders’ Dutch Party for Freedom have all frequently promoted anti-EU messages. Last month Ms Le Pen vowed to hold a referendum to decide whether France remains in the EU if she becomes president.

    Citing the UK’s example she told the European parliament: “Brexit has really broken a taboo. The Brits have shown us that you can leave the European Union and you can come out better.

    read more.
http://www.express.co.uk/news/politics/701470/Brexit-Merkel-Hollande-Renzi-EU-collapse-Ventotene-Altiero-Spinelli-European-superstate

Click on image for article.

http://www.independent.co.uk/news/uk/politics/risk-of-eu-breaking-up-is-real-european-council-president-admits-a6875691.html

Out of this coming collapse, the endtimes 10 Horn Beast empire will appear. Click on image for article.

http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Click on image for article.

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October 31, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , | Comments Off on Will The EU Survive The Year? Crisis-Plagued Bloc Faces EXISTENTIAL Crisis in 2017

$11,000 Gold Ahead? | Alasdair MacLeod

  • Published on Oct 29, 2016
    Alasdair MacLeod from Gold Money joins Silver Doctors to reveal banks are increasing their lending of money. If more money is lent, there will be more money in the system, causing price inflation. Will the Fed raise interest rates to prevent this inflation? MacLeod says the Fed is too worried about deflation to make a significant rate hike. While the U.S. dollar has shown strength against other currencies, it has been weak with respect to commodities, MacLeod points out.


    When it comes to precious metals, MacLeod says gold will continue to rise to account for the expansion of the paper currency supply. Based on how much the dollar has been inflated, MacLeod calculates gold should rise to $4,000/oz – $11,000/oz. MacLeod predicts the correction in the precious metals is over. He sees gold testing its all-time highs in 2017, and silver breaking through into the $30 range.

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October 31, 2016 Posted by | Economics | , , , , , , , , , | Comments Off on $11,000 Gold Ahead? | Alasdair MacLeod

Italy’s Banking System on Verge of Nervous Breakdown

greece_italy_collapse_eu

  • Italy’s Banking System on Verge of Nervous Breakdown
    by , http://wolfstreet.com/  
    The “Doom Loop” resurges.
    One of the best indicators of whether a financial crisis is in full swing is when senior insiders begin to lose it in public. That’s precisely what happened in Italy on Thursday when Italian senior banker Giuseppe Guzzetti gave a speech at a conference in honor of World Savings Day, an international event that, unbeknownst to 99.9% of mankind, takes place every year on Halloween (Oct. 31).


    During his address, Guzzetti admitted that Atlante II — one of two bad bank funds created to provide much-needed support to Italy’s crumbling banking sector (the other being its predecessor, Atlante I) — is chronically underfunded. The fund, set up in the spring to help Italy’s most fragile banks, in particular Monte dei Paschi, remove some of the most toxic debt off their balance sheets, has experienced six intense months of activity, “but is now out of breath,” Guzzetti lamented.

    The admission is particularly important in light of Guzzetti’s current role, not only as the chairman of ACRI, an association of Italian savings banks and foundation, but also as the top man at Fondazione Cariplo, an influential “charitable” banking foundation. Cariplo is the largest shareholder of Quaestio Holding S.A whose deeply opaque Luxembourg-based subsidiary, Quaestio SGR, is the proud owner of Atlante I.

    In other words, Guzzetti is as senior a banking insider as you’re likely to find. Presumably he knows just about everything there is to know about Atlante I and II. In fact, he helped create them. And now he’s deeply worried.

    read more.

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October 31, 2016 Posted by | Economics | , , , , , , , , | Comments Off on Italy’s Banking System on Verge of Nervous Breakdown