Socio-Economics History Blog

Socio-Economics & History Commentary

Martin Armstrong: EU Collapse on Schedule

economic_confidence_model_ecm_the_european_union-1957-2008

  • EU Collapse on Schedule
    by Martin Armstrong, https://www.armstrongeconomics.com/  
    Merkel admitted that the European Union is in a “critical situation” as the EU leaders met in Slovakia. I greatly appreciate all the emails asking why I do not go to Europe to push our solution to save the continent. But what you have to understand is we will ONLY get a call when there is blood on the streets and there is absolutely no other choice. I am not sure we could do much at that late stage in the game. Typically, you have to just capitulate in order to reverse the trend.

    As we move into 2018, Europe is going to go through some very hard times. This is all being caused by bureaucrats in Brussels who are not willing to give up their pensions and jobs. They found the promised land for themselves and are determined to hold on til the end. Former Greek Finance Minister Yanis Varoufakis is now calling for “a pan-European movement of civil disobedience and state that grows into a broad democratic opposition to the actions of the European elite at local, national and at EU level.”

    However, the framework is just not functioning. The bureaucrats are trying to regulate everything and refuse to realize that they are responsible for BREXIT. They have become Byzantine and are killing the economy. British economic growth peaked in 1973 on an annual basis and has been declining ever since it joined the EU. The movie “BREXIT” was an excellent review of EU regulation to the point that they took away British fishing rights in their own waters. What if the government say you were not allowed to walk into your backyard, but everyone else could?

    The Polish Prime Minister came out and plainly said, “The EU has to change, we have to reform it.” But Brussels refuses to change or ever concede defeat from their dream of an authoritarian power over Europe. This one-size-fits-all approach is destroying Europe. The EU has been doing nothing but defending its insane policies since 2008 when the euro peaked. The high in Europe came exactly on time with the ECM Wave on the EU.

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September 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

Willem Middelkoop: Global Currency Reset, Gold, Silver, SDR …

  • Willem Middelkoop – The Big Reset
    A system reset is imminent. Probably even before 2020, the world’s financial system will need to find a different anchor. The dollar has been at the center of the monetary system since the Second World War, but decades of money printing have caused a gradual but relentless dollar devaluation. In a desperate attempt to maintain this dollar system, the United States has waged a secret war on gold since the 1960s. China and Russia have pierced through the American smokescreen around gold and the dollar and are no longer willing to continue lending to the United States. Both countries have been accumulating enormous amounts of gold, positioning themselves for the next phase of the global financial system.

    There are only two options: a financial reset planned well in advance, or a hastily implemented one on the back of a dollar crisis. The United States, realizing the dollar will lose its prominent role, seems to be planning a monetary reset that will surprise many. It will be designed to keep the United States in the driving seat, but will include strong roles for the Euro and China’s Renminbi. And it is likely gold will be reintroduced as one of the pillars of this next phase of the global financial system. Insiders claim gold could be revalued up to $7,000 per troy ounce during this process.
https://www.amazon.com/Big-Reset-Gold-Financial-Endgame/dp/9089645993

Click on image to goto Amazon.

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September 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

GAME OVER… World Financial Collapse has STARTED! – Bo Polny

September 26, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

It’s Over, Final Market Peak: Dow Jones Headed to 5,000 – Bo Polny Interview

  • Published on Sep 23, 2016
    Back in less than a month is economics & metals forecaster Bo Polny of Gold 2020 Forecast. This time he’s exclaiming that time has run out, and looking at Friday’s Dow close even after the FED decision to keep rates low, this is looking more and more likely to be the turning point for a big US market crash! He lies this up directly with biblical prophecies that seem to make sense from a Christian or Jesuit standpoint.


    TOPICS IN THIS INTERVIEW:
    01:30 Last Year’s Shemitah Crash Predictions & Jubilee Year
    03:50 Stock Market Crash Analysis 
    06:10 Biblical Timing Cycles Predict Cycle Change Sep 23 
    07:40 S&P 500 & Dow Jones Topped August 15, 2016 
    10:15 Jubilee Cycle since 1967 Israel 6-Day War, Ends NOW 
    12:00 Physical Gold & Silver best bet to Prepare yourself for Catastrophic World Econ Changes
    13:05 Get more from Bo Polny at http://Gold2020Forecast.com or on YouTube:https://www.youtube.com/channel/UCUi5…

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September 24, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

David Morgan Analyzes a Dollar Collapse, ROLLOVER 1981 Movie

September 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

UN Report, We Are On The Verge Of The Third Leg Of A Global Financial Crisis

  • Published on Sep 23, 2016
    Euro zone business growth hits a two year low. There is now a 60% increase of homeless people in NY since 2011. Mortgage apps tumbe by 7.3%. Manufacturing PMI slides. World Trade is in contraction. The Atlanta Fed and the NY Fed both slashed GDP growth, the economy is reported being very weak. The United Nations is now warning that a global financial crisis is imminent.

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September 24, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fritz Springmeier: The IMF Will Announce a New Global Currency on Sept 30th. The End of The PetroDollar is Here!

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  • Fritz Springmeier: The IMF Will Announce a New Global Currency on Sept 30th. The End of The PetroDollar is Here!
    by Fritz Artz Springmeier, http://www.facebook.com
    IT’S HERE; THIS IS IT. (21 SEPT ’16) This is the culmination of so many things I’ve written about in the past. I finally have a date to pass on, Friday, Sept. 30, 2016, (more specifically, perhaps late in the afternoon of the 30th for the IMF announcement.) (Before today, I thought it would be after Hillary was by voter-fraud & rigged voting made president.) I suggest you sit down while you read this. Insiders, who care more about their fellow humans, than the corrupt system they are part of, have whispered warnings about this. A few alert financial analysts like James Rickards have picked up on the Sept. 30th date & are warning people. Let me slow down and walk us through this financial watershed event. This kind of sudden destruction matches the prophecy of REV 18:8,10 (& PRV 6:15, ISA 30:13 & 1 THS 5:3).

    THE DOLLAR’S STATUS AS THE WORLD’S RESERVE CURRENCY, what some call the petrodollar. Because large deals between nations are done in dollars, it can be said that 85% of global transactions are done in U.S. dollars. I have explained many times that our dollar’s VIP status globally has allowed the U.S. to create as many dollars out of thin air that it wants without destroying the dollar’s value–inflating the supply of money is simply a global tax on everyone who holds dollars, and more dollars are held by foreigners overseas than by Americans. In other words, we have been getting a free ride. I have repeatedly discussed the moves behind the scenes to dethrone the dollar. Russia & China has been working behind the scenes to get the entire world to desert us. They have also been buying up high levels of gold. Now that moment that we have wondered about is actually upon us…the date is Sept. 30, 2016, when the IMF has plans to announce a “world money”. The IMF has been issuing low-key statements about this new world currency. Additionally, hidden on it’s site is a 42-page blueprint entitled “Enhancing International Financial Security” which spells out in obtuse difficult to understand jargon that they are going to announce this new “world money”. This is the “global reset” that Christine LaGarde (hd. of the IMF & Illum.) has been talking about. When our dollar crashes, the IMF will run our economy like they have been doing to other 3rd world nations in debt. The Illuminati will directly run the show (all of America’s finances) through the IMF. Foreign central banks are preparing to ship their useless dollars back to the USA.
http://www.zempreneur.com/uploads/5/7/6/1/57616765/rickards_bigdrop.pdf

Click on image for pdf book.

  • WHAT DOES THIS MEAN FOR YOU?? Friday the 30th will come & go like all days for you. It will be like when the 9.0 Indonesia earthquake happened. The resulting tsunami took time before it hit Thailand and India. But things will fundamentally change that day. Dollars will be dumped for the new “world money”. It won’t be long before the stock market loses perhaps 60% of its value. Sell your stock now. The “world currency” (whatever they call it) will not be available to the common person, only the elite, although James Rickard has written a book: The Only Way to Own the New World Money. He has a way that people can access the new money through him. He has also written a book on this Sept. 30th event entitled: The Big Drop (2nd edit.) I have not seen the book myself. Rickard also puts out a periodical called “Strategic Intelligence”. After this global “reset” your 401K will go to 0. Gold and silver at some pt. will hold their value, so I highly recommend the actual metals…not paper receipts saying you have gold.

    read more.

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Global economic, financial and currency meltdown approaching!

Global economic, financial and currency meltdown approaching!

http://thenewamerican.com/economy/economics/item/14579-killing-the-dollar-g20-imf-push-for-global-fed-global-currency

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http://www.thenewamerican.com/economy/economics/item/20833-imf-the-new-global-fed

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September 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | 1 Comment

SHOCK WARNING: Huge Global Financial Crash is IMMINENT, Says £150 Billion Asset Manager

http://www.express.co.uk/finance/city/713236/Market-financial-crash-IMMINENT-150bn-asset-manager-investor-Tad-Rivelle

Click on image for article.

September 23, 2016 Posted by | Economics | , , , , , , , , | Leave a comment

Ignore the Fed, Something MASSIVE is Brewing in Europe’s Banks

http://www.express.co.uk/news/world/688424/Struggling-Italy-banks-could-spark-financial-crisis-EU-refuses-to-help

If Italian banks fall, French and German banks are toast. The EU and Eurozone will collapse. Click on image for article.

  • Ignore the Fed, Something MASSIVE is Brewing in Europe’s Banks
    by Phoenix Capital, http://www.zerohedge.com 
    The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political. From a financial perspective, the Bank of Japan is well aware that its current tools cannot and will not generate sustained GDP growth. Bank of Japan head Haruhiko Kuroda implicitly admitted back in January that regardless of what he does, Japan has “potential growth rate of 0.5% or lower.”

    That is a HECK of an admission by a Senior Level Central Banker. Politically, the BoJ’s other primary tool (interest rates) is also a dead end. Japan’s foray into NIRP has proven to be a disaster from a political perspective with a significant media and political backlash. This combined with the fact that Japan’s first round of NIRP resulted in the Yen exploding higher (exactly the opposite of what the BoJ wanted) left the BoJ with little of note.

    So the BoJ did what all Central Bankers do in these circumstances and promised it would do more if needed. 

    Which brings us to the Fed. The Fed will announce today at 2PM whether or not it will hike interest rates. In the Big Picture, what the Fed does or doesn’t announce really doesn’t matter. The markets have already adjusted as though the Fed was hiking rates with bonds selling off and the US Dollar rallying sharply.

    Indeed, few noticed, but the US Dollar just staged its second BIGGEST single day rally of the year on Friday. The only other day in which the $USD rallied more was on BREXIT when the entire global currency system came unhinged.

    This kind of move is a clear signal that something MAJOR is underway “behind the scenes” in the financial system. My belief is that the “something” is a European Banking Crisis. Multiple major EU banks hit new record lows yesterday.

    The EU Banking System is three times the size of the US’s and leveraged at 26 to 1 (Lehman was leveraged at 30 to 1 when it imploded). THIS is the big issue for the market today. Focusing on what the Fed does is like focusing on the sink while your home is ablaze. 

    We believe the global markets are on the verge of another Crisis. 2008 was Round 1. This next round, Round 2, will be even worse.
http://www.express.co.uk/finance/city/641080/European-banks-heading-for-collapse-warns-expert

Wakey! Wakey! Global economic, financial and currency crisis may be delayed but it is rapidly approaching. Got physical gold/silver yet? Click on image for article.

http://www.telegraph.co.uk/business/2016/03/01/europes-depression-is-deliberate-eu-choice-says-former-bank-of-e/

Click on image for article.

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September 22, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

Will The October Surprise Be More Shocking Than Everyone Expects? Something Is Brewing And It Might Be The Catalyst That Ignites The Economic Collapse

  • Published on Sep 21, 2016
    FBI searching for two other individuals that might have seen the FBI plant the explosives. US Government pushing race wars in Charlotte NC.US and South Korea are practicing on how to attack a nuclear facility. Russia contacted the US twice about the attack on Syrian forces. Russia shows a terrorist vehicle riding along side the humanitarian aid convoy. Russia also reports the US had a drone in the air. Russia wants an impartial investigation into what happened. Turkey will extend the war in Syria. Russia has changed the rules of engagement, any plane that approaches and attacks Syria is fair game. John Kerry pushes the agenda of a no fly zone in Syria.
  • Published on Sep 21, 2016
    34% of Americans have $0 saved up. The US Government manipulated the wage earnings for the elections and to keep the illusion alive that economy recovered. Gallup CEO destroys the idea that the economy has improved and recovered. US freight and rail traffic has declined which shows the economy is continually deteriorating. Corporations are hoarding 2.5 trillion dollars overseas. Something massive is about to happen, the dollar is rising and the last time we saw that was the BREXIT.

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September 22, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ITALEXIT: Now Former Italian PM Warns Brussels ‘Other Countries Could Abandon EU’

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  • ITALEXIT: Now Former Italian PM Warns Brussels ‘Other Countries Could Abandon EU’
    by ROSS LOGAN, http://www.express.co.uk/  
    Italy’s former Prime Minister has warned Brussels that the aftershock from Brexit is not over and that other nations, including his own were ready to abandon the European Union.

    Enrico Letta said “there may not be a Europe to fix” by 2017 unless there was level playing field for every member state. He called for greater investment in weaker countries rather than relying on bailouts when their economies tanked, which has previously been the blueprint with Greece. But he also said he hoped Britain’s withdrawal from the EU would bring greater democratisation of the single currency, adding the UK should not be allowed in the single market if it was unwilling to accept free movement.   

    Letta was speaking to La Stampa after presenting a report, “Growth and the Euro after Brexit” in Berlin. He said: “We are not safe, other countries could follow London. “There is not a monetary union without an economic union. We don’t believe in waiting and doing nothing until the German and French elections next year as Berlin and Paris want. We have to move: in September 2017 we might not have an Europe to fix. “The economic union must generate the lack of investment seen during the years of crisis. Today we need European growth policies. “We propose, for example, that the Bailout Fund is not used to put out the fire, but to create investment and have immediate reaction mechanisms and avoid calling the IMF as in 2009.”

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

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

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http://www.express.co.uk/news/politics/705229/European-Union-Brussels-EU-superstate-unveiled-MEP-Guy-Verhofstadt

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September 22, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

How Italy’s Banking Woes Could Crush Already Faltering Domestic Demand

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  • How Italy’s Banking Woes Could Crush Already Faltering Domestic Demand
    by , http://wolfstreet.com/  
    The Italian Dilemma.
    By Caroline Gray, Senior Economics Editor, Focus Economics 

    The sudden panic about a potentially imminent Italian banking sector collapse back in July has somewhat subsided for now, but sooner or later the issue will inevitably rear its ugly head again.

    Two months after Italian bank stocks collapsed even further in the aftermath of the Brexit vote, fears of an imminent need for a bail-in have receded as the Italian government works on plans to shore up its weakest bank, Monte dei Paschi di Siena (MPS). This will be achieved via an alternative but rather ambitious method culminating, if all goes according to plan, in a new capital injection.

    However, MPS, which came up short in July’s ECB stress tests, has already received capital injections in the past. Such plans to patch up banks have tended to involve kicking the can down the road rather than providing a more definitive solution to the 360 EUR billion of non-performing loans (NPLs) weighing down Italy’s banking sector – equivalent to one fifth of its GDP.

    If a sustainable solution is not found to clean up Italian bank balance sheets in the near future, they will inevitably constrain domestic demand and thereby weigh on the country’s already feeble growth even further (click to enlarge)(top of post).

    Domestic demand, the longstanding mainstay of the Italian economy, is already under intense pressure. In the second quarter, GDP failed to grow in quarter-on-quarter terms, primarily on the back of a broad-based deterioration in all components of domestic demand (private consumption, government consumption and fixed investment). Domestic demand is expected to remain weak, based on our latestSeptember Consensus Forecast for Italy.

    read more.
http://sputniknews.com/europe/20160801/1043841943/italy-economy-crisis-banks.html

Click on image for article.

http://www.express.co.uk/news/world/691326/Italy-prime-minister-Matteo-Renzi-political-financial-break-down-Eurozone-European-Union

Click on image for article.

http://www.telegraph.co.uk/business/2016/07/16/why-italys-banking-crisis-will-shake-the-eurozone-to-its-core/

Click on image for article.

http://www.express.co.uk/finance/city/686853/Italy-s-deepening-banking-crisis-could-rip-the-eurozone-apart-warn-experts

Click on image for article.

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September 22, 2016 Posted by | Economics | , , , , , , , | Leave a comment

As China Prepares to Announce Their Gold Reserve Amount by End of The Month, Debate Over Gold Backed Yuan Increases Sharply

  • As China prepares to announce their gold reserve amount by end of the month, debate over gold backed Yuan increases sharply
    by http://www.thedailyeconomist.com/  
    As part of their requirements to enter into the SDR basket of currencies in October, China will soon be revealing the quantity of their gold reserves sometime between now and Sept. 30.  And with them also recently being appointed the managers of the M SDR internationalization program, debate over China implementing a gold backed currency is once again increasing at an accelerating rate.

    At the heart of the discussion is how China is using their growing geo-political power to integrate 3rd world nations, especially those in Africa, in moving forward despite not having the economic finances to expand their infrastructure base.  And to date this has been shown to be moderately successful in a myriad of different ways, and could be the catalyst for catapulting a gold backed Yuan using their growing alliances and Silk Road strategies to envelop a large portion of the world under a financial umbrella that would be impervious to U.S. and Western subjugation.

    In his March interview with CCTV the geostrategic analyst highlighted that China is “facilitating trade and development for Third World nations in ways major Western funders could not.” Beijing is interested in boosting logistic networks in Eurasia and therefore it founded the Asian Infrastructure Investment Bank (AIIB) to fund the projects. 

    Furthermore, “China may also offer barter trades in lieu of cash transactions for rail infrastructure projects, as was the case with Thailand. It seems to work. For cash-strapped economies, barter may emerge as an essential instrument of regional economic stability and a ‘gold yuan’ may help facilitate such a paradigm shift,” Maavak elaborated speaking to Sputnik. In the context of the ongoing Eurasian integration, the RIC (Russia, India and China) nations may “weaponize” their gold holdings to ring-fence the Greater Eurasian geo-economy, according to the analyst. – Sputnik News

    Whether it is through a gold backed SDR, or a gold backed Yuan, the world is rushing towards a return of some form of a gold standard.  And unfortunately for the West, which has been spending their currencies bailing out their banks and propping up their stock markets, China has been the one cultivating economic partnerships that when the time comes, could catapult them into becoming the masters of the next global financial system.
https://sputniknews.com/politics/20160915/1045341538/gold-yuan-china-dollar-eurasia.html

Click on image for article.

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September 22, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

The Entire Economic System Is One Big Illusion: Charles Hugh Smith

September 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Paul Craig Roberts: We Are Headed for World War!

  • Paul Craig Roberts: We Are Headed for World War!
    by Greg Hunter’s USAWatchdog.com
    Former Assistant Treasury Secretary (in the Reagan Administration) Dr. Paul Craig Roberts has a stark warning for the world. Dr. Roberts says, “We changed our nuclear doctrine.  It used to be we used nuclear weapons only in retaliation.  There was no first use, but the George W. Bush regime, the Neocons, changed our nuclear doctrine.  It’s now a preemptive first strike.  So, this tells both the Russians and Chinese they could get a preemptive first strike.  Then, we tell the Russians we are putting missiles right on your border.  You won’t have two minutes’ notice.  They can’t accept that.  It’s too much risk from a crazy country (U.S.) that won’t negotiate with them. . . . So, we’re headed for war. I think the only thing that would block it is if one or two of the European governments realize that they have nothing whatsoever to gain with a conflict with Russia. . . . The only thing they could do to prevent a nuclear war is to pull out of NATO.”


    Dr. Roberts also contends, “The tensions now between the United States and Russia are higher than they ever were during the cold war. For this reason, it is very dangerous.  It is dangerous for another reason.  In all of my life, every President worked to reduce tensions with Russia.  Kennedy worked with Khrushchev to defuse the Cuban missile crisis, and part of the deal was Kennedy pulled American missiles out of Turkey.  We know Richard Nixon worked . . . very hard to get a strategic arms limitation treaty. . . . Now, we have NATO right on Russia’s border.  This is a massive violation of commitments that the United States made.  We now have extremely high amounts of tensions, and I think with this recent attack by the United States on Syrian troops, it has made it perfectly clear to the Russian government that diplomacy is useless, and they cannot reach a diplomatic understanding with the United States.  Therefore, we have reached the point where force confronts force.”

    Why are American so in the dark about the dire global risks of nuclear war? Dr. Roberts, who is an award winning journalist and former editor and columnist at the Wall Street Journal, says, “There are no longer any independent networks.  ABC, NBC and CBS are all cogs in huge conglomerates.  The media companies are not run by journalists.  They are run by former government officials and corporate advertising executives who have no interest whatsoever in telling the truth. . . . So, essentially, there is no longer any media.  It’s a ministry of propaganda.”

    read more.

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September 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment