Socio-Economics History Blog

Socio-Economics & History Commentary

EU Leaders Try to Find Solution to Migrant Crisis Amid Inner Tensions

  • RT Published on Jun 24, 2018
    With political fissures deepening in the EU over how to deal with the influx of migrants, some of the bloc’s leaders have gathered for an emergency meeting to discuss solutions.

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June 25, 2018 Posted by | GeoPolitics | , , , | Leave a comment

BRACE FOR IMPACT: How Gold and Silver Perform During Currency Resets by Lynette Zang [Part-4]

  • ITM Trading Streamed live on Jun 22, 2018
    Link to Slides and Sources: https://www.itmtrading.com/blog/brace…
    What I would like everyone to understand is that fiat money is designed to reset via inflation. Bankers and governments know that nominal confusion hides this from the public. Hyperinflation is simply the final wealth transfer blow off. History clearly shows us that in the end, fiat money keeps the name, but loses all value. But gold and silver hold value because they are used all areas of the economy. Fiat money is only used as a wealth transfer tool. When hyperinflation rears its inevitable head, what do you want to hold? And if you want to know what to actually DO about all of this, that’s what we specialize in. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you’re asking these questions you’re already ahead of the game. We’d love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar.

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June 25, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Italy Leaves Merkel Stunned, Demands Europe Rip Up Existing Migrant System

  • Italy Leaves Merkel Stunned, Demands Europe Rip Up Existing Migrant System
    by Tyler Durden, https://www.zerohedge.com/
    In our preview of Sunday’s now-concluded emergency EU meeting on refugee policy which the FT dubbed “The summit to save Merkel”, we said that the German chancellor fate could be decided as soon as today should a newly populist Italy present a set of insurmountable demands on how to deal with Europe’s migrant problem. And judging by the opening salvo, the odds of Merkel’s political career just slumped after Italy’s prime minister Giuseppe Conti demanded the EU rip up its system for dealing with migrants, laying bare seemingly insurmountable divisions in the bloc over migration policy.

    The hastily-gathered meeting, a segue to the formal EU summit scheduled for June 28 in which migration will be the key topic, was requested by Berlin as a chance for Ms Merkel to press for stronger powers for countries to send back asylum seekers already registered in another EU country: a key condition in an ultimatum that was handed to Merkel last week and which threatens her tenure as chancellor.

    In other words, Merkel was testing the water to see how much of a political case she can formally make at the international level on Thursday, one that supposedly saves her career domestically.

    She was, however, stunned after the Italian prime instead called for “radical change” in the EU’s so-called Dublin principle that makes frontline countries such as Italy responsible for dealing with asylum claims and allows for registered asylum seekers that move on to another country to be sent back to the state they landed in.

    read more.

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June 25, 2018 Posted by | GeoPolitics, Social Trends | , , , , , | Leave a comment

Bill Holter: The System is Going to Go Down

  • Greg Hunter Published on Jun 23, 2018
    Financial writer and precious metals expert Bill Holter thinks a debt reset is coming soon, and the powers that be are planning it. Holter explains, “I think the discussion is about timing and how the system is going to come down. There are also discussions of what is going to be the next reserve currency. I think that’s the discussion that is going on behind the scenes for two or three years, or longer. The problem is too much debt, and we know from the past when debt bubbles grow and grow and get too big, they pop. This is the biggest debt bubble by many multiples of any bubble anytime in history. When the debt bubble blows up, everything runs on credit, and that means things are not going to run. It’s going to be somewhat dysfunctional. We are right on the cusp of the yield curve inverting, and history shows when that happens, we have a 100% chance of going into a recession. . . . I think this year the truth that we lived above our living standards is coming out, and we are going to have to pay the piper. I don’t know when . . . but the system is going to go down.”
http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

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June 24, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Germany’s Refugee Row: Can Merkel Survive? | DW English

  • DW English Published on Jun 22, 2018
    Chancellor Merkel has her back to the wall as tensions mount in Germany’s refugee row. The question is: Can she come up with a solution to prevent her government from being blown apart?

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June 24, 2018 Posted by | GeoPolitics, Social Trends | , , , | Leave a comment

Trump’s Goal to Keep China from Using ‘Nuclear Option’ of Dumping US Debt – Max Keiser

  • Trump’s Goal to Keep China from Using ‘Nuclear Option’ of Dumping US Debt – Max Keiser
    by https://www.rt.com/
    President Donald Trump is cutting US military spending to be less exposed to the skyrocketing interest rates that would become unavoidable when China opts to dump US Treasury bonds, Max Keiser has told RT.

    “To understand US trade policies – and in particular Trump’s policies on China – from Trump’s point of view you have to think like Trump,”
     the host of RT’s Keiser Report explained. “When Trump took office, he inherited the biggest debt load that any country had ever accumulated. He also inherited a military budget that eats up 50 percent of America’s annual tax revenues of $1.5 trillion.”

    According to Keiser, after taking the helm as president, Donald Trump realized it was vital to reduce defense spending to pare the huge US debt.

    “He looked at the geo-political chess board and saw that – the low hanging fruit, in terms of saving money – is America’s huge military spending in South Korea,”
    said Keiser, stressing that after the historic summit with North Korean leader Kim Jing-un the US would start pulling military presence out of the region.


    The US president is currently arranging deals with Saudi Arabia and Israel, in preparation for the US pulling out of the Middle East as well, Keiser added, highlighting that Trump had previously signaled to Germany that the US would to cut its military presence in NATO there too.

    “That brings us to China, and the ‘nuclear option’ they have of dumping US treasuries to financially attack America. This is their one big play. Trump knows it, and he’s been protecting the US against it,”
     the financial commentator said.


    Downsizing the Pentagon, according to Keiser, will shrink US debt, diminishing the possibility of a Chinese financial attack via the dumping of US bonds.

    read more.

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June 24, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Jim Willie: The Death of the Petro Dollar

  • The Official Hagmann Report Published on Jun 19, 2018
    Jim Willie, contrarian economist, Purveyor of the Golden Jackass newsletter. Jim is a patriarch in the “Red Pill Movement.”

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June 23, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

HEADS UP: Banks Are Falling Out… by Lynette Zang

  • ITM Trading Streamed live on Jun 21, 2018
    Link to Slides and Sources: https://www.itmtrading.com/blog/heads…
    TWO PATTERN SHIFTS! Last October we saw a major insider selling pattern emerge, as some insider sectors avoided buying stocks even as they continued heavy selling. Since the start of the year, after a major selling spike, there is a bit of a lull the following week. But the last two weeks has seen huge spikes in selling without the following lull. We look at this every week, so time will tell if this is a trend escalation. We may be fast approaching that time. In another PATTERN SHIFT ALERT, SIFIs have decoupled from the stock markets. In fact, Ian Harnett, managing director of global strategy at Absolute Strategy Research in London just sent out his first “Black Swan” alert since the crisis began, because of this pattern shift. Things certainly seem to be heating up. Got Gold?

    And if you want to know what to actually DO about all of this, that’s what we specialize in. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you’re asking these questions you’re already ahead of the game. We’d love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar.

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June 23, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Under-Fire Merkel Says EU Summit Won’t Solve Migration Issue

http://www.express.co.uk/news/world/694786/Merkelmussweg-protest-Berlin-Angela-Merkel-refugee-policy-immigration-Germany

Merkel MUST go! 

  • Under-Fire Merkel Says EU Summit Won’t Solve Migration Issue
    by AFP, https://www.thelocal.de/
    Chancellor Angela Merkel Friday played down expectations that an EU summit next week will reach a solution on the issue of migration that has plunged her government into crisis.

    Speaking on a visit to Lebanon, Merkel said that “we know that no solution will be reached on Thursday and Friday at the level of the 28 member states… on the overall issue of migration”. Instead, she said, “bilateral, trilateral and multilateral” deals must be reached to tackle the issue – a message echoed almost word for word by her spokeswoman Ulrike Demmer at a Berlin press conference.

    The comments came after Italy’s new coalition of far-right and anti-establishment parties made clear it does not want to take in more migrants, and after several eastern European states said they would stay away from preliminary talks on the issue Sunday.

    Italy’s far-right interior minister Matteo Salvini reiterated in comments to German news weekly Der Spiegel that “we cannot take in one more person. On the contrary: we want to send away a few.”

    Merkel, after allowing more than one million asylum seekers into Germany since 2015, has faced a strong domestic backlash that has now turned into a government crisis, just over 100 days into her fourth term.

    Her hardline Interior Minister Horst Seehofer has given her an ultimatum till the end of the month to reach EU deals allowing Germany to turn back asylum seekers already registered in another member country.

    After that, he has vowed to defy her by ordering German border police to turn back those migrants, setting the stage for a showdown that could end Merkel’s fragile coalition government.

    read more.

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June 23, 2018 Posted by | GeoPolitics, Social Trends | , , , , | Leave a comment

DUTCH FURY: Macron and Merkel’s Eurozone Reforms Brutally Shot Down with ONE Question

  • DUTCH FURY: Macron and Merkel’s Eurozone Reforms Brutally Shot Down with ONE Question
    by CARLY READ, https://www.express.co.uk/
    EMMANUEL Macron and Angela Merkel’s Franco-German campaign for a €25BILLLION Eurozone kitty to help finance crumbling member states has been brutally shot down by the Dutch Minister of Finance with one simple question.

    Wopke Hoestra laughed off France and Germany’s joint crusade for a multi-billion euro debt relief that would be paid for by the EU’s 28 member states by asking the rhetorical question “What do we need it for?”. He added: “For me this is a solution without a problem.”

    Mr Hoestra went on to say the EU had other issues it should devote itself to before adding “but that’s not part of it”, referring to Mr Macron’s budget proposal which after much pleading was given the nod by bosom buddy Ms Merkel.

    Poland joined the Netherlands in slamming the proposal, which has raised many questions about exactly how it would be funded, with Krzysztof Szczerski, who heads Poland’s President Andrzej Duda’s cabinet, issuing a chilling warning to the bloc.

    He said should the countries of the monetary union finance the budget themselves, it would not be an issue. “But if it is created at the expense of its contributions to the general budget, then this would be the end of the EU,” he added.

    Mr Macron is spearheading the campaign which he launched after a catalogue of crises with member states over the past few months that have put the Eurozone on the brink of collapse.

    First, there was Spain, which has been torn apart following Catalonia’s shock referendum that saw residents vote by a landslide to become their own independent state.

    Italy then plagued Brussels with a number of catastrophes when after months of political deadlock, Prime Minister Giuseppe Conte was finally sworn in after elections dating as far back as early March were deemed inconclusive.

    read more.

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June 23, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , | Leave a comment

12 European States Revolt Against Merkel, Macron Plan To Reform Europe

  • 12 European States Revolt Against Merkel, Macron Plan To Reform Europe
    by Tyler Durden, https://www.zerohedge.com/
    Two days ago, when we laid out the components of Merkel and Macron’s blueprint to reform the EU, we said that while “Macron suggested the proposal will be presented to other countries, with specifics to be worked out later this year and the plans to take effect from 2021, it was unclear how he plans to get “other countries” to vote for a proposal which has already led to the alienation of Central and Eastern Europe, Brexit and an openly populist government in Italy.”

    We did not have to wait long for confirmation, because just two days later, Europe’s two self-proclaimed leaders were facing an unexpected backlash from most other European governments against the German and French plans for a common eurozone budget, dealing a blow to the two countries’ ambitions for a big overhaul of the single currency area.

    read more.

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June 23, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , | Leave a comment

NATO Chief Warns “Alliance May Not Survive”

  • NATO Chief Warns “Alliance May Not Survive”
    by Tyler Durden, https://www.zerohedge.com/
    With President Trump’s performance at last year’s NATO summit still fresh in the minds of its members, NATO’s continued existence has probably never before seemed as tenuous as it does right now. Trump has blasted NATO as “obsolete” and criticized the alliance in keeping with his “America First” platform. But NATO Secretary General Jens Stoltenberg warned during a recent speech that there are still many strategic reasons why the alliance should persevere: Speaking in the UK, Stoltenberg invoked the rise of international terrorism and an “assertive Russia” as threats that should underscore how serious the issue of preserving the alliance truly is.

    Yet, there’s still no guarantee that, despite these security concerns, the trans-Atlantic partnership will survive as the relationship between the US and other NATO powers deteriorates. To protect against NATO’s collapse, Stoltenberg called for its members to make a bigger effort to shore up the military alliance, according to the Associated Press.

    read more.

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June 23, 2018 Posted by | GeoPolitics | , , , | Leave a comment

How the Financial Reset Will Impact You | Lynette Zang (2018-06-19)

  • Reluctant Preppers Published on Jun 20, 2018
    How will the coming financial reset impact your cash, savings, retirement accounts, stock, bonds, real estate, mortgage, student loans, gold, silver, and other assets? Will the collapse DESTROY WEALTH or TRANSFER IT from the unprepared to the those who have positioned themselves in advance? What facts do we have to go on from past financial resets, and what signals can we glean from current official documents and filings being released? Reluctant Preppers host Dunagun Kaiser engages Lynette Zang, chief Market Analyst at ITM Trading to field your viewer questions in this lively and pointed exploration of the issues of greatest concern to you!

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June 21, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System

  • Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System
    by Greg Hunter’s USAWatchdog.com
    Financial writer and precious metals expert Craig Hemke says nobody should be comfortable with unpayable global debt that has piled up since the 2008 financial meltdown. A debt reset is locked in, but nobody knows when it will come crashing down. Hemke says, “That’s probably the right way to put it. I would not want to say, hey, there is going to be a debt reset by August 29th. I don’t think that’s the way you want to go with it, but it’s pretty obvious to anyone that we are in this parabolic Ponzi scheme. The debt is now increasing globally at such an exponential rate that, at some point, it becomes unserviceable. Then, at that point, you get this reset they’ve been talking about.”


    Hemke points out the same game that was being played to inspire confidence in the banking system back before the 2008 financial meltdown is happening again. Hemke says, “You can see this today, actually, in the attempt to inspire confidence in Deutsche Bank. You can pull up a chart of Deutsche Bank now, and you can clearly see the heavy hand and the overt support of the Deutsche Bank share price. It is about $11. That is about the all-time low it came down to a few weeks ago. In the last few days, it has been clearly supported at $11. . . . Why would central banks be supporting Deutsche Bank? Because if Deutsche Bank began spiraling down through $10 to $9 to $8, you would get this crisis of confidence from the other banks that are all linked to Deutsche Bank and this daisy chain of counter-party risk, and we are right back to where we were in 2008. Yes, some type of reset is coming because, ultimately, the debt is unserviceable. The debt grows so fast you cannot print enough money to service all your existing obligations, especially when the economy starts to collapse and you get another recession.”

    Hemke warns that many people own the same ounce of gold held at big banks and don’t know it. Hemke explains, “It’s sort of like the people who show up at the Bailey Building and Loan on George’s wedding day (It’s a Wonderful Life). As long as nobody is making a run for it, and everybody knows your money is invested in Bob’s house and your money is invested in Mary’s house, as long as nobody wants their money right away, George Bailey can run a fractional reserve system like that. It’s only when somebody shows up and says I want my 1,000 ounces of gold, now. I want my metric ton, now. That’s when this whole bullion bank system collapses. Suddenly, we get a realization where land trades directly, dollars for the asset. Art trades directly, dollars for the asset. Gold and silver are going to trade that way as well.”

    read more.

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June 21, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

EU ON THE BRINK: Merkel Migration Distraction Could Plunge Brussels into ‘TURBULENT TIMES’

http://www.express.co.uk/news/world/694786/Merkelmussweg-protest-Berlin-Angela-Merkel-refugee-policy-immigration-Germany

Merkel MUST go! Germans plan ‘huge’ demonstration over leader’s open door asylum policy.

  • EU ON THE BRINK: Merkel Migration Distraction Could Plunge Brussels into ‘TURBULENT TIMES’
    by JOE BARNES, BRUSSELS CORRESPONDENT, https://www.express.co.uk/
    ANGELA MERKEL’S desperate attempt to hold onto power in Germany after a migration row within her own Grand Coalition could dominate the European Union’s June summit completely knocking its agenda off-kilter.

    The German Chancellor earned a two week reprieve from her coalition partners the Christian Social Union after its leader and the country’s Interior Minister Horst Seehofer demanded a tightening of Germany’s borders. The CSU leader said Germany should start rejecting migrants at the border if they have already registered in another EU country, a complete contrast to Ms Merkel’s 2015 open-door policy which saw over a million refugees enter the country.

    After a series of crisis talks, Mr Seehofer granted Ms Merkel two weeks grace in order to hold meetings with her EU counterparts in order to find a continent-wide asylum solution. CSU leaders remain doubtful that a solution will emerge from the talks in the upcoming weeks. The Bavarian party’s parliamentary leader Alexander Dobrindt said: “A European solution means skating on thin ice.”

    The Bavarians will unlikely defy Ms Merkel but doing so would leave her CDU and the Grand Coalition’s third parter the Social Democrats without a parliamentary majority.

    read more.

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June 21, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment