Socio-Economics History Blog

Socio-Economics & History Commentary

Yellow Vest Protesters Call for Run on French Banks

  • Yellow Vest Protesters Call for Run on French Banks
    by https://www.france24.com/en/
    Yellow Vest protesters have urged supporters to withdraw their money from French banks en masse on Friday in a deliberate attempt to disrupt “the system”. Yet despite the threat, financial institutions appear unconcerned.

    Protesters called for the first wave of cash withdrawals to start at 7pm (local time) on Friday, ahead of nationwide demonstrations planned on Saturday. “We’re going to frighten the state with legal means, without resorting to violence. We know that it isn’t the government that’s in charge, but the banks. If the banks are weakened, the state is also weakened,” a protester identified as Tahz San said in a video posted on YouTube on January 7.

    The goal is to maintain pressure on the government to heed Yellow Vest protesters’ demands – in particular the right to propose and vote on new laws – by hitting them where it hurts: the economy. If every customer withdraws all the cash they have deposited with even a solvent bank at the same time, no financial institution has the sufficient funds to pay out to their clients. Yellow Vest protesters hope that if they can cripple at least one bank, it will have a knock-on effect.

    “There are a lot of people who are prepared to… withdraw their money from banks,” Maxime Nicolle, a prominent member of the movement, said in a video posted on Facebook also on January 7. “Because you’re making money with our cash, and we’re fed up.”

    Bank run ‘difficult, if not impossible’
    Yet French banks remain unfazed by the proposal, as the amount necessary to have a negative impact exceeds the daily limits many banks in France allow clients to withdraw from ATMs.


    “There is very little chance it will work,” FRANCE 24’s business editor Christophe Dansette explained. “The amount of money French people have deposited in banks is estimated at €1.5 trillion, according to the Bank of France. Of this amount, €390 billion is currently (available). Every French person would therefore have to withdraw €5,800. This is very difficult, if not impossible, considering that cash withdrawals from ATMs are limited.” Dansette said that none of the banks he has spoken to have taken any steps to protect their institutions from the plan.

    “There has never been a deliberate run on a bank [in France],” he added. The idea to organise a bank run gained support among the Yellow Vest movement in recent weeks as they sought new ways to maintain public, political and press attention.

    The movement – which began last year in response to a direct tax on diesel fuel – appeared to lose some of its momentum after President Emmanuel Macron announced a number of concessions in December.

    read more.

end

January 12, 2019 Posted by | Economics, GeoPolitics | , , | Leave a comment

Merkel and Macron Pool Defence, Foreign Policy in Prototype ‘Sovereign Europe’ — Merger of France & Germany — Imminent Fulfillment of Daniel 7:8?

https://www.breitbart.com/europe/2019/01/10/franco-german-axis-merkel-macron-sign-treaty-shared-defence-foreign-policy/

Click on image for article.

https://www.express.co.uk/news/world/907849/Angela-Merkel-Emmanuel-Macron-Germany-France-European-Union-United-States-Europe

Click on image for article.

https://www.express.co.uk/news/world/968888/angela-merkel-emmanuel-macron-eu-united-states-of-europe

Click on image for article.

http://www.express.co.uk/news/world/872671/Europe-European-Union-army-chancellor-Euro-Brexit-Britain

Click on image for article.

http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

https://www.rt.com/news/426577-macron-year-office-france/

Click on image for article.

https://www.washingtonpost.com/world/europe/emmanuel-macron-speaks-to-the-world-but-what-about-the-french/2017/12/08/c0b22612-d9e1-11e7-a241-0848315642d0_story.html

A new world leader appears, declares himself Jupiter the Roman god of gods. Will the real white horseman please stand up?

https://www.ft.com/content/493c0e66-9df7-11e7-9a86-4d5a475ba4c5

Click on image for article.

https://www.nytimes.com/2017/07/12/opinion/emmanuel-macron-donald-trump-paris.html

Click on image for article.

http://www.telegraph.co.uk/news/2017/06/30/thoughts-complex-journalists-says-emmanuel-macron/

Daniel 7:8 – “I was considering the horns, and there was another horn, a little one, coming up among them, before whom three of the first horns were plucked out by the roots. And there, in this horn, were eyes like the eyes of a man, and a mouth speaking [c]pompous words.” Click on image for article.

January 12, 2019 Posted by | EndTimes, GeoPolitics | , , , , , | Leave a comment

Ron Paul: Deep State ‘More Powerful Than Presidents’

  • RT America Published on Jan 11, 2019
    Rick Sanchez reports on the combination of big media, political establishments, and military and corporate interests whose power exceeds that of the President. He discusses this “deep state” with former congressman Dr. Ron Paul. Then RT America correspondent Michele Greenstein joins to explain how these interests undermine democratic governments for the sake of profit.

The white horseman logo of the Illuminati Council on Foreign Relations (CFR). They labour to lay the foundation for the coming of the white horseman, the fake messiah, the Anti-Christ, the bringer of false peace of Revelation 6.

end

January 12, 2019 Posted by | GeoPolitics | , , , , , , | Leave a comment

Israel Opens West Bank Highway with Segregated Lanes for Israelis, Palestinians

A newly opened segregated West Bank highway near Jerusalem on Jan. 10, 2019. Israel has opened the controversial road that features a large concrete wall segregating Israeli and Palestinian traffic. Critics have branded the road an “apartheid” highway, saying it is part of a planned segregated road system. (Mahmoud Illean / AP)

  • Israel Opens West Bank Highway with Segregated Lanes for Israelis, Palestinians
    by Ilan Ben Zion, Associated Press, via https://www.chicagotribune.com/
    Israel inaugurated a new highway in the occupied West Bank on Thursday that features a large concrete wall segregating Israeli and Palestinian traffic.


    One side of Route 4370 — located northeast of Jerusalem — will be open to Israeli vehicles only, while the other half will only be open to Palestinian traffic. Critics have branded it an “apartheid” highway, saying it is part of a segregated road system that benefits Jewish settlers.

    The highway was built as part of a planned ring road east of Jerusalem that would connect the northern and southern West Bank. Construction began in 2005, but the 3-mile road lay unfinished for years until 2017.

    Israeli officials inaugurating the new road on Wednesday touted it as a means of better connecting West Bank settlements north of Jerusalem to the city. Israeli Public Security Minister Gilad Erdan called the highway “an example of the ability to create coexistence between Israelis and Palestinian while guarding (against) the existing security challenges.”

    The Palestinian Authority said in a statement that the “apartheid” road “poses a challenge to the credibility of the international community.”

    read more.
http://www.haaretz.com/israel-news/1.774663

Click on image for article.

https://theintercept.com/2016/10/06/u-s-admits-israel-is-building-permanent-apartheid-regime-weeks-after-giving-it-38-billion/

Click on image for article.

http://www.haaretz.com/blogs/a-special-place-in-hell/.premium-1.671538

Click on image for article.

http://www.haaretz.com/news/diplomacy-defense/1.657260

Click on image for article.

http://www.guardian.co.uk/world/2012/oct/23/israeli-poll-majority-apartheid-policies

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.

end

January 12, 2019 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

Gold Is The Key, Patriots Have The FedRes Scrambling

  • X22Report Published on Jan 11, 2019
    Earning season does not look good, companies are not doing as we were told. The economic illusion the [CB] created is now falling apart, it will be showing up in the people’s sector and not the stock market, not the statistical numbers. Trump and team will be moving quickly to prepare the country for the transition. Certain Fed officials are trying to control the narrative but Powell continues with with plan. Russia is continuing to de-dollarize and says gold will be very important moving forward.

end

January 12, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

This Will Be A Very Hard Reset – Just Be Ready

January 12, 2019 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

5 Doom Loops of a Crisis What You Need to Know

  • ITM Trading Published on Jan 11, 2019
    Links to slides and sources: https://www.itmtrading.com/blog/5-doo…
    When we talk about patterns, no discussion would be complete without examining the pattern of a “Doom Loop”. In fact, there are five key “Doom Loops” seen during financial crisis’s: The Intermediary, Sovereign, Collateral, Hedging and ultimately, the Real Economy Doom Loop. In any Ponzi scheme, confidence is key. What governments, central banks and Wall Street are really afraid of is that public loss of confidence in the financial system. Without that they won’t shop or hold their wealth in Wall Street contracts. They won’t believe in the “stimulus” provided by governments and central bankers. They might even buy physical gold and silver! If that happened, how would wealth be voluntarily transferred? So you can see the patterns in doom loops, but there are also clear patterns in real money gold and silver. This lies in our future, though the time to get into position is now.

end

January 12, 2019 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Three Scenarios of the Global Collapse

Global Super Storm: economic, financial and currency meltdown?? WW3??

  • Three Scenarios of the Global Collapse
    by https://gnseconomics.com/en_US/
    2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the central bankers, most notably those of Jay Powell. However, this is all just a distraction, a side-show. The market volatility was only the first sign of an approaching global economic crisis, as we warned in December 2017.

    As the recent PMI figures across the globe show, a global downturn has started and the world is utterly unprepared for it. The global imbalances that have been growing for years cannot lead to anything else than a global crisis . However, there are different paths the crisis could take.

    Here, we present three scenarios that the global economy is likely to follow, when the global downturn morphs into something much more sinister. We’ll start with the most likely scenario: Global Depression.

    Scenario I: Global Depression
    In a depression, everything that has been driven the economic expansion goes into reverse. Asset markets experience severe contraction (in excess of 50 percent), credit becomes restricted, corporations and households de-lever fiercely, and global trade flows stall (for more details see Q-review 2/2018). GDP falls dramatically, between 10 to 25 percent. Unemployment skyrockets. The standard means of stimulus by central banks and governments are exhausted without any notable improvement in the economic environment.


    The implosion of the current asset bubble will start a relentless unwinding of leverage and risk in the global financial system. Because major central banks are still “all-in” with rates pinned at or near historic lows, and balance sheets bloated to extreme levels, their ability to respond will be highly restricted. Governments are also highly-indebted, and when interest rates rise, some sovereigns are likely to default, aggravating the global banking crisis, which will probably be in motion already. Combined with the zombified global business sector and a hard landing in China, these factors will lead the world economy into a depression. However, a possibility of something even more ominous is lurking in the background.

    Scenario II: Systemic Meltdown
    Systemic crisis would mean that the global financial melts down due to an existential deficit of trust between counterparties within the system. Before 2008, a systemic meltdown was mostly a theoretical construct. However, in mid-October in 2008, global leaders were faced with the possibility that banks would not open on Monday. The interbank markets had frozen, because no one knew the amount of the losses banks carried on their books. The global financial system was grinding to a halt. Politicians and central bankers saved the day by guaranteeing bank deposits and by providing capital and extraordinary guarantees to keep the important financial institutions standing and credit flowing.


    read more.

end

January 12, 2019 Posted by | Economics | , , , , , , , | Leave a comment

Israel Fires Missiles Towards Damascus

  • PressTV Published on Jan 11, 2019
    Israeli fighter jets have launched a number of missiles toward the Syrian capital Damascus.
https://socioecohistory.wordpress.com/2010/09/04/hexagram-star-of-david-or-star-of-lucifer/

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

end

January 12, 2019 Posted by | GeoPolitics | , , , , , , | Leave a comment

CNN Cancels On San Diego TV Station After They Report Border Wall Works

  • CNN Cancels On San Diego TV Station After They Report Border Wall Works
    by Tyler Durden, https://www.zerohedge.com/
    A local San Diego television station said on Thursday that CNN invited them to provide a “local view” of the existing wall at the US-Mexico border, only to cancel after past reports from the station showed that the wall is an effective method of combating illegal immigration. 

    “Thursday morning, CNN called the KUSI Newsroom asking if one of our reporters could give them a local view of the debate surrounding the border wall and government shutdown,” begins a report by local San Diego station KUSI. “KUSI offered our own Dan Plante, who has reported dozens of times on the border, including one story from 2016 that was retweeted by former Speaker of the House, Newt Gingrich, and posted on DrudgeReport.com,” the report continues.

    read more.
https://www.infowars.com/undercover-vid-cnn-producer-admits-russia-narrative-mostly-bullshit-pushed-for-ratings/

Click on image for article.

end

January 12, 2019 Posted by | GeoPolitics, Social Trends | , , , , , , | Leave a comment

Former US Rep. Ron Paul: The FedRes is Too Powerful

  • The western Illuminati must bring down the economy to destroy Trump’s 2020 POTUS election plan. As it stands now, Trump will win with a landslide.
  • CNBC Television Published on Jan 8, 2019
    Former U.S. Congressman Dr. Ron Paul joins “Squawk Box” to give his take on the Fed’s role in potentially bringing about a recession.

http://www.wnd.com/2008/03/59405/

Click on image for article.

end

January 12, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

EU CIVIL WAR: ‘I Must FIGHT HIM!’ Hungary’s Orban Issues Shock Warning to Macron

  • EU CIVIL WAR: ‘I Must FIGHT HIM!’ Hungary’s Orban Issues Shock Warning to Macron
    by HARVEY GAVIN, https://www.express.co.uk/
    HUNGARIAN Prime Minister Viktor Orban has vowed to stand up to Europe’s “pro-immigration forces” led by Emmanuel Macron, warning the French leader: “I must fight you”.

    Mr Orban, whose right-wing government has presided over a crackdown on immigration, said his issue with Mr Macron was “nothing personal” but that he had a duty to oppose him on the issue. Speaking at a press conference earlier today, the Hungarian firebrand said: “There is no denying that Emmanuel Macron is an important figure, moreover, the leader of the pro-immigration forces. “It is nothing personal, but a matter of our countries’ future.

    “If what he wants with regards to migration materialises in Europe, that would be bad for Hungary, therefore I must fight him.” Mr Orban’s warning to the French leader comes as other EU countries including Italy and Poland look to shift the balance of power in Brussels in this year’s European Parliament elections.

    read more.
https://sputniknews.com/europe/201712071059799253-united-states-europe-schulz-germany/

Click on image for article.

http://www.express.co.uk/news/world/853801/brexit-jean-claude-juncker-eu-uk-referendum-petition-state-of-the-union-luxembourg-speech

Click on image for article.

http://www.express.co.uk/news/uk/853638/Juncker-state-of-the-union-speech-European-Union-Nigel-Farage-reaction-video

Click on image for article.

end

January 12, 2019 Posted by | GeoPolitics | , , , , , , , , , | Leave a comment

EU JUGGERNAUT: France And Germany ‘Plot to Merge Borders, Economies And Defence Policies in Latest Step Towards EU Superstate’ — Imminent Fulfillment of Daniel 7:8?

https://www.thesun.co.uk/news/8162668/france-germany-merge-borders-eu-megastate/

Click on image for article.

http://www.latimes.com/world/europe/la-fg-france-macron-20171003-story.html

Click on image for article.

http://www.breitbart.com/london/2017/07/04/macron-announces-govern-like-jupiter-roman-king-gods/

Click on image for article.

http://conservativetribune.com/liberal-promises-rule-like-a-god/

Click on image for article.

http://www.mrctv.org/blog/french-president-macron-says-hell-rule-roman-god-jupiter

Click on image for article.

http://www.dw.com/en/opinion-emmanuel-macron-takes-the-throne/a-39804628

Click on image for article.

January 12, 2019 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , | Leave a comment

Wind of Change: EU Superstate Unlikely to Survive as It Is – Political Analyst

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

  • Wind of Change: EU Superstate Unlikely to Survive as It Is – Political Analyst
    by https://sputniknews.com/
    Italian Deputy PM Matteo Salvini visited Poland in a bid to trigger what he called a “European Spring” that could threaten the dominance of the current “Germany-France axis.” Sputnik discussed the possible shift of balance in Brussels with Bill Ravotti, moderator of the V4 Report and a Republican nominee for US Congress in 1996 and 1998.

    Sputnik: Former UK Independence Party (UKIP) leader Nigel Farage once offered Orban the opportunity to form a new political camp, consisting of Eurosceptics. Do you think it is likely such bloc will eventually be formed?

    Bill Ravotti:
     Yes, but not as many of us envisioned. The UK is about to exit [maybe] while Orban seems reluctant for now to leave the pro-EU EPP Party.


    We were pleasantly surprised to see Matteo Salvini and the PiS [Polish Law and Justice Political Party] take the initiative this week to form this new bloc.

    The EU media is already attempting to sabotage this new bloc but they will soon discover that they are dealing with a very different dynamic. 
    This is huge. Attempts of the past have not carried this type of firepower. Italy and Poland are two of the six largest in the EU.

    Salvini has easily eclipsed a shrinking Emmanuel Macron to emerge as a powerful leader in Europe and his party continues to surge in the polls. The PiS controls the government of Poland, which is an emerging political and economic power in Europe.

    The League and PiS would create a powerful bloc led by an energetic leader who possesses the natural ability to attract others to the cause. The Eurocrats and their mercenaries in the media are somewhat shocked, already on the defensive.

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

Click on image for article.

http://www.b92.net/eng/news/world.php?yyyy=2012&mm=06&dd=20&nav_id=80854

Click on image for article.

https://sputniknews.com/analysis/201712091059858841-united-states-of-europe-disobedient-countries/

Click on image for article.

https://www.rt.com/news/412392-schulz-united-states-of-europe/

Click on image for article.

https://www.thesun.co.uk/news/5093010/german-eurocrat-demands-eu-members-sign-up-to-united-states-of-europe-or-quit-bloc/

Click on image for article.

end

January 12, 2019 Posted by | EndTimes, GeoPolitics | , , , | Leave a comment

France AWAKENS 2019: Weaponized Bank Runs Incoming

end

January 12, 2019 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment