Socio-Economics History Blog

Socio-Economics & History Commentary

‘The EU Will COLLAPSE’ Le Pen Blasts Germany for Using the Euro as a ‘POLITICAL WEAPON’

http://www.express.co.uk/news/world/767962/marine-le-pen-euro-political-weapon-eu-collapse-germany-france-front-national-merkel

Click on image for article.

February 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

‘The European Project Has FAILED’ Trump’s Brussels Envoy Pick Blasts ‘UNDEMOCRATIC’ Bloc

  • ‘The European Project Has FAILED’ Trump’s Brussels Envoy Pick Blasts ‘UNDEMOCRATIC’ Bloc
    by TOM PARFITT, http://www.express.co.uk/
    DONALD Trump’s likely EU ambassador has launched a blistering attack on the “undemocratic” bloc and its “elitist” leaders.

    In comments that will terrify Brussels, Ted Malloch said the EU had become “bloated” by bureaucracy and “anti-Americanism”. And he called for member states to hold their own Brexit-style referendums – which could spark the break-up of the union. It comes after Mr Trump hailed Brexit as a “blessing to the world” and said the UK would be far stronger outside the bloc.

    Mr Malloch, who is the President’s pick to become Washington’s envoy to Brussels, made the comments in The Parliament magazine. He said: “Put the EU to a referendum vote in every member country.  “It is time for greater scepticism and realism about the European Union and its not so hidden agenda and ever closer union.”

    read more.

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February 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

EU Steps Up The Pace For Cashless Society In 2017/18

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

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

  • EU Steps Up The Pace For Cashless Society In 2017/18
    by Graham VanbergenTrue Publica, via http://www.globalresearch.ca/
    On the 23rd January 2017 the EU Commission issued the “Commission Initiative Roadmap” for 2018 regarding the step up fight against the financing of terrorism, also known as its ‘Payments Restriction Initiative’ or as we are reading more often, the cashless society. This document is an extension of  the communication document dated February 2016 (COM-2016/50) and updated to include new regulations for member countries to implement and future intentions by the Commission.

    The policy looks to the “Regulation on the controls of cash entering or leaving the Community  and relevance of potential upper limits to cash payments.” The Action Plan states that “Payments in cash are widely used in the financing of terrorist activities.” In its conclusions on the fight against terrorism, the Economic and Financial Affairs Council of 12 February 2016 called on the Commission:

    “to explore the need for appropriate restrictions on cash payments exceeding certain thresholds. In particular the Proposal for an amendment of the Anti-Money Laundering Directive2 (COM (2016) 450), which introduced stricter transparency rules and other measures targeted specifically at terrorism financing. Furthermore, the initiative should be seen in conjunction with the ECB’s decision of 4 May (20163) to discontinue the production of the EUR 500 banknote and stop the issuance of this denomination by around 2018 to address concerns that these notes could be used in financing illicit activities.”

    The report goes on to advise that “any measure restricting cash payments would be complementary to the specific actions addressed by the review” and to include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

    New anti-money laundering rules will cover high value goods such as works of art, precious stones or auctioneers, which requires that they apply customer due diligence measures, full identification of customers and keeping records of transactions when receiving cash payments of €15,000 or more. This latest document extends the cash payments rule by reducing the €15,000 limit on transactions to €10,000 by June 2017.

    Unbelievably, the EU Commission is using the logic of banning cash by stating their “remains the lack of readily available and solid evidence on legitimate vs illegitimate cash transactions.” They maintain that “It is difficult to quantify the legitimate or illegitimate use of cash.”

    These statements are clearly untrue. Evidence on the amount of cash and how it is used in any given economy is widely known and many government’s even publish it quarterly or annually. For instance, on average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in Australia, the US, France and Holland, according to a recent Federal Reserve report on how consumers paid for things in seven countries. Roughly 80% of all transactions in Germany are conducted in cash. (In the US, it’s less than 50%.) And cash is the dominant form of payment there even for large transactions.

    read more.
http://ec.europa.eu/smart-regulation/roadmaps/docs/plan_2016_028_cash_restrictions_en.pdf

Click on image to goto document.

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

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February 17, 2017 Posted by | Economics, EndTimes | , , , , , , , , , , | Leave a comment

William Engdahl: Will Trump Destroy the Euro?

EUrope_collapse1

  • Will Trump Destroy the Euro?
    by William Engdahl, http://www.williamengdahl.com/index.php
    In his first few days in office as President, ‘The Donald’ has fired off so many Executive Orders and aggressive tweets that much of the world is dizzy. One policy that’s clearly emerging from the smoke of immigrant ban attempts, XL Keystone pipeline approvals and bellicose threats against Iran, is the Trump team economic agenda, called by Assistant to the President and Chief Strategist, Steve Bannon, “national economics.” The key targets so far are China and Germany, two nations with the largest trade surplus with the United States. A closer look, however, suggests Washington is preparing to launch what James Rickards, sometimes advisor on capital markets to the US intelligence community, refers to as “currency wars.” Aside from the obvious China target, the second and perhaps more important target is to destroy the Euro and its European Monetary System. Here Germany is at the heart, one reason, perhaps, why Chancellor Merkel seems to have severe gas pains whenever the name Trump is uttered.

    United Anti-Euro Front
    The new US Ambassador-designate to the EU, Ted Malloch, gave an interview with Bloomberg on February 5 where he said that he would bet on the euro collapsing and that he wants to “short the euro.” In the same interview he declared there was a “strong reason” for Grexit—Greece’s exit from the Eurozone. Earlier Malloch compared the EU to the defunct Soviet Union, saying the Union needs “taming.”


    In another interview, Malloch declared that the Euro could collapse in the next 18 months. He told BBC, “I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the coming year, year and a half…The one thing I would do in 2017 is short the euro.” Malloch, it should be noted, is no stranger to EU politics. He currently teaches as Professor in the business school of the University of Reading, England. Malloch has also served on the executive board of the pro-globalization Davos World Economic Forum in Switzerland and was a Senior Fellow of the Aspen Institute think tank. His remarks about the future of the Euro and of the EU itself are well-calculated.

    Furthermore, with 17-year veteran Goldman Sachs partner, Steven Mnuchin, as Treasury Secretary, a person who has stated he has no problem labelling China a currency manipulator, the stage seems set for an all-out US Currency War aimed at destroying the Euro.

    Make no mistake. I am on record since it became clear that the Euro as a supranational currency above nation states of the EU would become reality back in the mid-1990s, that the Euro idea as conceived then was a disaster in the making for Europeans and for the world. It was a construct by a cabal of European patriarchs around Jacques Delors, Giscard d’Estaing and others, to try to create a giant EU rival to the dollar as world reserve currency.

    read more.
http://www.telegraph.co.uk/business/2016/10/16/euro-house-of-cards-to-collapse-warns-ecb-prophet/

Click on image for article.

http://www.express.co.uk/news/politics/721930/Euro-European-Union-collapse-single-currency-Otmar-Issing

Global economic, financial and currency collapse rapidly approaching together with the Satanic WW3. Click on image for article.

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February 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

William Engdahl: Washington’s Dangerous War On Cash — What It’s Really About

  • Washington’s Dangerous War On Cash: What It’s Really About
    by http://www.gunsandbutter.org/
    * India withdraws 86% of the value of all currency in circulation;
    * USAID; Project Catalyst;
    * Global Innovation Exchange;
    * Better Than Cash Alliance;
    * Bill and Melinda Gates Foundation;
    * UNICEF; UN Development Program;
    * Mitre Corporation;
    * the Foreign Account Tax Compliance Act (FACTA);
    * Organization for Economic Cooperation and Development (OECD);
    * the larger global agenda of total control;
    * ECB set up to favor Germany;
    * Trade Czar Peter Navarro;
    * US currency war aimed at destroying the Euro;
    * US planned destruction of the Eurozone;
    * glyphosate;
    * fascism of EU bureaucracy in Brussels;
    * assassination of Chairman of Deutsche Bank, Alfred Herrhausen;
    * US emerging as the biggest tax haven in the world.
http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

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https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

‘666’ rapidly approaching! Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

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http://www.thenewamerican.com/tech/item/18619-establishment-pushing-cashless-society-to-control-humanity

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February 16, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

‘The Euro May ALREADY Be Lost’: Economists Predict DOOMSDAY for European Union’s Currency

euro_collapse_fire_eu

  • ‘The Euro May ALREADY Be Lost’: Economists Predict DOOMSDAY for European Union’s Currency
    by ZOIE O’BRIEN, http://www.express.co.uk/
    REPEATED failings in the eurozone may have already signed the death warrant of the single currency despite Europe’s continued attempts to centralise the euro, an economic think tank has warned.

    European Union nations are plummeting further into debt, amid angry protests and calls for reform, but the Union continues to push for the joint monetary union. Now, economists have suggested it is already too late to save the failing monetary union – which will “almost surely fail”.

    Tuomas Malinen, CEO of GnS Economics, said: “Living standards in Italy and Greece are below the levels when they joined the euro. “Finland is the only Nordic country using the euro and it is also the only Nordic country which has not yet recovered from the financial crash of 2008. “There have been many proposals on how to fix the euro and the EMU, but they are politically unpopular and unrealistic.”

    Economists Mr Malinen, Dr Heikki Koskenkylä and Dr Peter Nyberg co-wrote the report ‘The Euro May Already Be Lost’, which has suggested there are solutions, but they are extreme.

    Eighteen years after the introduction of the euro, the economists argue it simply cannot work without major change. Experts explained one of the main issues as “different growth paths” for member states. As different countries develop at different speeds, the gap between success and failure widens and chances of financial support lessen.

    If this occurs during an economic boom, “strengthening aggregate demand supports ailing fields of production” – meaning crashes can be avoided. But this is not the case in 2017 Europe.

    read more.
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!

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!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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February 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

‘Le Pen Will KILL The EU’ French Presidential Frontrunner Fears Rival Will DESTROY Bloc

http://www.express.co.uk/news/world/766894/Emmanuel-Macron-fears-Marine-Le-Pen-will-kill-European-Union-France-president-election

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

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

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http://www.theguardian.com/world/2014/feb/17/eurozone-countries-united-states-europe-viviane-reding

Only 10 countries out of the 18 will form the “United States of Europe”. This is the endtimes 10 Horn Beast empire. 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.

February 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

EURO HUMILIATION: Germany ‘Freaked Out’ as Greece ‘Could Ditch EU Currency for US DOLLAR’

Euro-on-fire

  • EURO HUMILIATION: Germany ‘Freaked Out’ as Greece ‘Could Ditch EU Currency for US DOLLAR’
    by NICK GUTTERIDGE IN BRUSSELS
    GREECE could be poised to humiliate Brussels by ditching the euro and instead choosing to be tied to the US dollar, Donald Trump’s reported pick as EU ambassador has sensationally claimed.


    Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency. He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the eurozone.

    And Prof Malloch said German leaders including Angela Merkel were “freaked out” at the humiliating possibility of losing Greece to a rival currency, which would be a devastating blow to the EU project. Tying Greece temporarily to the US dollar would be one way for the authorities in Athens to ensure that its currency does not completely tank if it leaves the eurozone, as would likely occur with a reissued drachma.

    read more.

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February 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

French Election Could See Euro Break Up – New Global Crisis

http://www.express.co.uk/news/world/764490/marine-le-pen-euro-break-up-eurozone-national-currencies-french-franc-bernard-monot

Click on image for article.

  • French Election Could See Euro Break Up – New Global Crisis
    by Mark O’Byrne, http://www.goldcore.com/us/
    David McWilliams, economist, writer and journalist, has warned that the coming French election may lead to the euro breaking up and that Ireland should have a ‘plan B’ and ‘print punts’ in order to be ready for the collapse of the “single currency.”


    David McWilliams at Ireland’s Banking Inquiry
    McWilliams writes:

    This time last year, only a few of us were suggesting that Brexit was likely. The mainstream view was that it couldn’t possibly happen. But it did. And so too did Trump. When this column argued in June that “we should prepare for President Trump”, one or two local talk shows chuckled and sneered at the mere suggestion that such a creature could inhabit the White House. But he is there.

    In December, the Italian electorate revolted against its government – again the view of ‘sensible’ people was that bolshie Italians would see reason. But they didn’t.

    The next stop on this political whirlwind will be the Netherlands next month; and the big one, of course, is France. In less than 70 days, France goes to the polls and only an idiot would rule out Marine Le Pen’s chances.

    It was the great French romantic poet and novelist Victor Hugo who declared:

    “You can resist an invading army; you cannot resist an idea whose time has come.”

    Do you get the feeling that we are living through epochal change, where one great idea is about to be replaced by another? Are we experiencing the irresistible force of an idea whose time has come?

    The first thing to happen in the case of a Le Pen victory is that money will flood out of all non-German members of the euro. Italy will face a massive bond crisis, presaging default fears. Greece will be gone. Spain and Portugal will experience similar bond crises, and so too will Ireland.

    read more.

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February 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

REVEALED: Britain CAN Quit EU Without a Brexit Withdrawal Agreement And Save £150 BILLION

Brexit-Abandon_EU_ship_cartoon

  • REVEALED: Britain CAN Quit EU Without a Brexit Withdrawal Agreement And Save £150 BILLION
    by SIOBHAN MCFADYEN, http://www.express.co.uk/
    BRITISH Brexit negotiators can walk away from the EU and refuse to pay any more taxpayers’ money simply dismissing excessive pay-off demands from senior Eurocrats.

    A top legal expert has told Express.co.uk that under Article 50 of the Lisbon Treaty, Britain has the legal right to leave the EU without a withdrawal agreement should they not agree to exit terms. And Prime Minister Theresa May can easily thwart any attempts by EU leaders, including Polish politician Donald Tusk and Luxembourg’s former Prime Minister Jean Claude Juncker, to hold the British tax payer to ransom by simply saying “No!”. 

    read more.

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February 13, 2017 Posted by | Economics, GeoPolitics | , , , , , | 2 Comments

EU In Disintegration Mode

EUrope_collapse1

  • EU In Disintegration Mode
    by Martin Armstrong, https://www.armstrongeconomics.com/
    The EU leadership is really trying to make Great Britain pay dearly for voting to exit the Community. Like the socialists in America, it’s our way or no way. The left may call the right the “deplorables” but the left are the “intolerables” who refuse to ever consider they might be wrong.

    The EU thinks that if they can make it so bad for Britain, nobody else will leave. They refuse to examine why there is rising discontent within Europe. They refuse to let go of this dream of a federalized Europe to eradicate national identities along with sovereign rights.

    The EU intends to make it a mistake that the British will regret and fall to their knees. This attitude is consistent with the constant endeavor to explain all the shortcomings of the EU as insignificant and irrelevant, thereby closing their ears and mind to any possible reform. The EU constantly repeats motto of a federalized Europe will lessen the risk of war but nobody else takes this seriously outside of Brussels. The “European Project” is creating the resentment that fuels war. With this policy in place, the Community has refused to listen to anyone but themselves. This has led to small issues festering and creating resentment which grows into a huge problem and Brexit that has spun Frexit and all the rest.

    The EU refuses to even listen to the British and chose to ignore the speeches of the British Prime Minister, Theresa May. The PM May has announced a clear separation and rejected all interim solutions by the EU, which ultimately would still lead to a dependency upon Brussels. Britain demands that each nation must decide for itself who can immigrate. Just because Merkel allowed the refugees in to help her polls should not subjugate other nations to have to endure a vast influx of something they never voted for.

    Britain is not willing to surrender all domestic law to that of the EU. Indeed, EU law is no longer to be applied in Britain. Here we have the EU demanding Ireland retroactively charge Apple taxes simply because their tax rate is less that the highest EU member. That is surrendering everything sovereign to Brussels. Laws are only to be decided by the British parliament – not Brussels. Jurisprudence is a matter for the British courts not the European Court.

    read more.
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.

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February 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

EUROZONE CRUMBLES: Germany Orders Greece to LEAVE Euro If It Wants Debts Cut

http://www.express.co.uk/finance/city/765198/Germany-Greece-debts-cut-LEAVE-euro-Grexit-Wolfgang-Schaeuble

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February 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Le Pen Victory Would Lead To “Massive Sovereign Default”, Global Financial Chaos, Economists Warn

http://www.express.co.uk/news/world/764490/marine-le-pen-euro-break-up-eurozone-national-currencies-french-franc-bernard-monot

Click on image for article.

  • Le Pen Victory Would Lead To “Massive Sovereign Default”, Global Financial Chaos, Economists Warn
    by Tyler Durden, http://www.zerohedge.com
    With two months left until the French election, analysts and political experts find themselves in a quandary: on one hand, political polls show that while National Front’s Marine Le Pen will likely win the first round, she is virtually assured a loss in the runoff round against either Fillon, or more recently Macron, having between 20 and 30% of the vote; on the other, all those same analysts and political experts were dead wrong with their forecasts about both Brexit and Trump, and are desperate to avoid a trifecta as being wrong 3 out of 3 just may be result in losing one’s job.

    Meanwhile, markets are taking Le Pen’s rise in the polls in stride, and French spreads over Germany are moving in lockstep with Le Pen’s rising odds. In fact, as noted earlier in the week, French debt is now the riskiest it has been relative to German in four years.

    As per her recently released manifesto, Le Pen has promised to unilaterally take France out of the Euro within six months, sparking concerns over what might happen then. The answer comes from the National Front itself, which overnight revealed its plans to the FT, suggesting that €1.7 trillion of French public debt would be redenominated into francs if the far-right National Front party gets into power.

    read more.

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February 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Trump’s EU Ambassador Says Greece Likely To “Sever Ties With Germany & Exit The Euro”

https://www.theguardian.com/world/2017/feb/08/trump-envoy-declares-odds-on-greece-will-break-from-euro?utm_source=dlvr.it&utm_medium=twitter

Click on image for article.

  • Trump’s EU Ambassador Says Greece Likely To “Sever Ties With Germany & Exit The Euro”
    by Tyler Durden, http://www.zerohedge.com
    Amid a more prolonged economic doldrums than The Great Depression, Greece is heading towards its 4th bailout/deal with creditors. Adding to Grexit fears (voiced by many in and out of Greece), Ted Malloch, President Trump’s proposed US ambassador to the EU, casts doubt on survival of eurozone and says Athens should return to drachma.

    As we noted previously,
    for the umpteenth time, the IMF has warned that Greece cannot meet fiscal targets set by its creditors. And once again, the IMF insists that it will not be a part of the “Troika” unless the goals on Greece are realistic. History suggests the IMF will cave in to Germany and agree to some half-baked plan (make that 1/8th baked plan) that will supposedly put Greece back on track. Such nonsense has been going on for years. Mercy, Please!


    [It’s worse than the Great Depression…]

    read more.

Eurozone_Collapse

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February 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

EU ON THE BRINK: Martin Schulz Warns Bloc Could ‘FALL APART’ After Brexit

Brexit-Abandon_EU_ship_cartoon

  • EU ON THE BRINK: Martin Schulz Warns Bloc Could ‘FALL APART’ After Brexit
    by TOM PARFITT, http://www.express.co.uk/
    THE EU could “fall apart” once Britain leaves the EU, former Brussels chief Martin Schulz has admitted.

    The ex-European Parliament president is worried Brexit could spark further calls for other countries to leave the bloc. He also condemned Hungarian PM Viktor Orban – known for his anti-Brussels approach – for “pointing the finger of blame” at the EU. Mr Schulz said: “That blame game is a virus which could lead to the end of the European Union.”

    The German, who quit his post in November, added: “You’re sitting here saying it’s their fault and their responsibility. “And throwing mud is one thing, but in the meantime the EU is falling apart. But not because of me. “I tried to keep it together, but it’s people like Mr Orban who argue against the European Union.”

    read more.

ExpressUK-Were_out_of_the_EU-Brexit

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February 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment