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Joseph Stiglitz: Seven Changes Needed to Save The Euro And The EU. Time for EU Reform Or Divorce?

Euro_breakdown collapse

  • Joseph Stiglitz: Seven Changes Needed to Save The Euro And The EU
    by , https://www.theguardian.com/international  
    Time for EU reform or divorce? Unless Brussels makes seven changes, its members will inevitably conclude they are trapped in an untenable marriage

    To say that the eurozone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the eurozone, and much more poorly than the United States, which was the epicentre of the crisis.

    The worst-performing eurozone countries are mired in depression or deep recession; their condition – think of Greece – is worse in many ways than what economies suffered during the Great Depression of the 1930s. The best-performing eurozone members, such as Germany, look good, but only in comparison; and their growth model is partly based on beggar-thy-neighbour policies, whereby success comes at the expense of erstwhile “partners”.

    Four types of explanation have been advanced to explain this state of affairs.Germany likes to blame the victim, pointing to Greece’s profligacy and the debt and deficits elsewhere. But this puts the cart before the horse: Spain and Ireland had surpluses and low debt-to-GDP ratios before the euro crisis. So the crisis caused the deficits and debts, not the other way around.

    Deficit fetishism is, no doubt, part of Europe’s problems. Finland, too, has been having trouble adjusting to the multiple shocks it has confronted, with GDP in 2015 around 5.5% below its 2008 peak.

    Other “blame the victim” critics cite the welfare state and excessive labour-market protections as the cause of the eurozone’s malaise. Yet some of Europe’s best-performing countries, such as Sweden and Norway, have the strongest welfare states and labour-market protections.

    Many of the countries now performing poorly were doing very well – above the European average – before the euro was introduced. Their decline did not result from some sudden change in their labour laws, or from an epidemic of laziness in the crisis countries. What changed was the currency arrangement.

    The second type of explanation amounts to a wish that Europe had better leaders, men and women who understood economics better and implemented better policies. Flawed policies – not just austerity, but also misguided so-called structural reforms, which widened inequality and thus further weakened overall demand and potential growth – have undoubtedly made matters worse.

    read more.
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.b92.net/eng/news/world.php?yyyy=2012&mm=06&dd=20&nav_id=80854

Click on image for article.

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

Jeff Berwick: Billionaire Elites Piling Into Gold

  • Published on Aug 22, 2016
    Jacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold. In his recent semi-annual address to RIT shareholders, Rothschild announced that they are reducing their stock and currency exposure and increasing their gold holdings. 


    Rothschild: ”The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.”

    As Jeff Berwick points out, Rothshild is the best man to ‘predict’ what is going to happen because he and his elitist pals have created the timeline of catastrophes. This may be part of a scheme similar to in 1929 when central bankers created a huge bubble and then a massive crash so they could buy up a ton of assets at pennies on the dollar. 

    Jeff thinks this may be the most dangerous time in human history for capital. In this interview, he shares a wealth of advice on how and where to make sound investments. He is also putting on a TDV Internationalization and Investment Summit on February 24th 2017 which includes many known experts, and precedes the amazing Anarchapulco Conference in Acapulco, Mexico.

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

Jim Sinclair: Economic Collapse, Dollar Crash And The Global Currency Reset

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

Europe on The Brink of COLLAPSE as ‘Divorce’ is Needed to Prevent Economic Doom

EUrope_collapse1

  • Europe on The Brink of COLLAPSE as ‘Divorce’ is Needed to Prevent Economic Doom
    by PATRICK CHRISTYS, http://www.express.co.uk/  
    THE European Union is on the brink of imploding, destroying the Euro and causing economic doom, according to a Nobel Prise winning economist.

    Joseph Stiglitz thinks Brexit changed the face of the Eurozone, leading to overt criticism of the common currency and making the overall break-up of the Union more likely. Italy could prove to be the next nation to leave the Brussels bloc, according to Mr Stiglitz, a former chief economist at the World Bank and senior advisor to president Bill Clinton.

    The country’s banks are weighed down by more than £300billion of bad debt but cannot be bailed out under EU rules unless creditors take a financial cut first. Embattled prime minister Matteo Renzi says he will resign if he loses the October referendum on constitutional reform, which could allow the anti-establishment Five Star Movement, which has promised the public it will hold a vote on whether or not to remain in the Euro.

    read more.

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August 23, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

END OF EU? Plans for European Federal State Would Create MASSIVE Divisions, Says Professor

http://www.express.co.uk/news/world/702803/end-of-EU-plans-European-federal-state-create-massive-divisions-says-Dieter-Grimm

Click on image for article.

http://www.armstrongeconomics.com/archives/35141

Click on image for article.

http://www.dailymail.co.uk/news/article-3662827/Has-Britain-avoided-European-superstate-France-Germany-draw-plans-morph-EU-countries-one-control-members-armies-economies.html

Click on image for article.

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

Click on image for article.

August 23, 2016 Posted by | EndTimes, GeoPolitics | , , , , , , , , | Leave a comment

FedRes Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”

Don't you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

  • Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”
    by Tyler Durden, http://www.zerohedge.com 
    In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of the division of research and statistics at the Fed, the author concludes that “simulations of the FRB/US model of a severe recession suggest that large-scale asset purchases and forward guidance about the future path of the federal funds rate should be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in most, but probably not all, circumstances.”

    So far so good, however, there are some notable problems with the paper’s assumptions, as Citi head of G10 FX, Steven Englander, observes.

    He writes that the paper’s basic framework is to take the standard US economic model used by the Fed, give it a negative shock big enough to push the unemployment rate up by 5 percentage points (big but not unprecedented over the last 50 years) and deploying the Fed’s policy rate, QE and forward guidance tools to see if they are adequate to get the economy back on track. Negative rates and helicopter money are not used.

    read more.
The Satanic capstone on your dollar bill ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with 'peace' in a world wrecked by global wars. Revelation 6!

The Satanic capstone on your dollar bill ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with ‘peace’ in a world wrecked by global wars. Revelation 6!

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

Click on image for article.

FedRes_ATM_Dollars_being_printed

Charles_Lindberg_on_FedRes

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

EU IN CRISIS: Merkel And Hollande Hold Desperate Talks to Keep Their European Dream Alive

Merkel-Hollande

  • EU IN CRISIS: Merkel And Hollande Hold Desperate Talks to Keep Their European Dream Alive
    by TOM PARFITT, http://www.express.co.uk/ , 22 Aug 2016  
    ANGELA Merkel and Francois Hollande will hold crisis talks tomorrow in a desperate bid to keep the European project together.

    The German Chancellor and French Prime Minister will meet with Italian leader Matteo Renzi on Ventotene, a small island off the coast of Naples. They are believed to be worried that Brexit could lead to the break-up of the doomed bloc, starting with an in/out referendum in the Netherlands. Mr Renzi is eager for even more European integration, but Mrs Merkel has called for “a better Europe” rather than “more Europe”. 

    An EU diplomat last night said: “The goal must first of all be to preserve the status quo and to prevent a further disintegration of the EU.” Mr Renzi chose to hold the meeting on Ventotene because the island is seen as the birthplace of European federalism. Two Italian intellectuals jailed on the island during the Second World War wrote a manifesto calling for “the creation of a solid international state”.

    read more.
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."

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.”

http://www.thenews.pl/1/10/Artykul/258994,New-EU-superstate-plan%E2%80%99-by-France-Germany-report

The rise of the endtimes 10 Horn Beast empire! Click on image for article.

http://www.infowars.com/eu-response-to-brexit-totalitarian-super-state/

The rise of the endtimes 10 Horn Beast empire. Click on image for article.

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August 23, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , | Leave a comment

Germany, France, Italy to Discuss ‘Relaunching Europe’. The Rise of the Endtimes 10 Horn Beast Revived Roman Empire!

http://sputniknews.com/europe/20160822/1044502282/germany-italy-france-relaunching-europe.html

Click on image for article.

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

Click on image for article.

http://www.express.co.uk/news/politics/683739/EU-referendum-German-French-European-superstate-Brexit

The rise of the endtimes 10 Horn Beast empire. Click on image for article.

August 22, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , | Leave a comment

Merkel, Hollande And Renzi Meet To Discuss The “Relaunching Of Europe”

http://www.newsweek.com/germany-france-italy-discuss-relaunching-europe-492204

We are about to witness the rise of the 10 Horn Beast, Revived Roman endtimes empire. Click on image for article.

  • Merkel, Hollande And Renzi Meet To Discuss The “Relaunching Of Europe”
    by Tyler Durden, http://www.zerohedge.com  
    In the aftermath of the Brexit vote, there has been increasing skepticism and rising doubts about the viability and overall future of the European “project” which has been impacted not only by the stark British refusal to be part of Europe, but ongoing terrorist attacks in key European nations prompting calls for an end to the customs union. As a result the leaders of Germany, France and Italy are meeting today on the Italian island of Ventonene to discuss how to keep the European project together in the second set of talks between the premiers of Europe’s three largest economies following the Brexit vote.

    Italian Prime Minister Matteo Renzi hosts German Chancellor Angela Merkel and French President Francois Hollande on an island off the coast of Naples ahead of September’s EU summit called to discuss reverberations from the Brexit vote.

    “They will be coming to discuss how to relaunch Europe from the bottom up, there’s a big need,” Renzi said on Sunday. “Relaunching Europe is a totally open game but it needs to be played,” he said.

    read more.
Revelation 13 New King James Version (NKJV) - The Beast from the Sea: 13 Then I[a] stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,[b] and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority.

Revelation 13 New King James Version (NKJV) –
The Beast from the Sea: 13 Then I[a] stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,[b] and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority.

http://www.express.co.uk/news/world/683711/Brexit-EU-European-Union-Europe-Fran-ois-Hollande-Angela-Merkel

Will we see the super merger of 3 nations: Gernmany, France and Italy after the formation of the 10 nations United States of Europe? This will be the fulfillment of Daniel 7:20. Click on image for article.

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August 22, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , | Leave a comment

Gerald Celente’s Devastating Prediction For The Future of Europe After The Deutsche Bank Collapse

  • Published on Aug 21, 2016  
    Deutsche Bank could cut up to 35,000 jobs by the year 2020 and shutting down branches all over Germany. Gerald Celente joins Gary franchi to reveal his forecast for the Eurozone after the fall of Deutsche Bank.

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

Top Economist Predicts Eurozone ‘Failure’ Unless Greece AND Germany Quit

http://www.express.co.uk/news/world/702101/Joseph-Stiglitz-predicts-euro-doom-Greece-Germany

Click on image for article.

http://www.express.co.uk/news/world/702032/EURO-HAS-FAILED-Mistrust-and-money-wars-sparks-claims-Juncker-s-EU-is-finished

Click on image for article.

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

Click on image for article.

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

The Impossible Italian Job. The Italian Banking Crisis Would Complete Europe’s “Doom Loop”

Bank_Panic_in_Italy

  • The Impossible Italian Job. The Italian Banking Crisis Would Complete Europe’s “Doom Loop”
    by Don Quijones, Spain & Mexico, editor at WOLF STREET
    Italy’s repeated attempts to stave off a full-blown financial crisis and breathe life back into its moribund banking sector can be summed up in four words: too little, too late.


    In April, it set up a bad bank vehicle called Atlante that was expected to bail out the country’s most troubled lenders as well as allay growing fears of a systemic crisis within the financial sector. With just €5 billion of funds to its name, it did neither.

    Cue Plan B, which saw the EU in June grant permission for Italy to use “government guarantees” to create a “precautionary liquidity support program for their banks worth €150 billion. On the surface it seemed like a lot more money, but in the end it amounted to little more than a PR stunt. The stampede out of Italian banks barely missed a beat [As Fears of “Bank Run” Escalate, Italian Banks Get €150 Billion Bailout of Empty Promises].

    Finally, at the end of July things got seriously serious with the unveiling of Plan C: a third, much larger rescue deal for Italy’s chronically dependent and third largest bank, Monte dei Paschi. The deal involves a consortium of banks, led by JP Morgan, and in a secondary role, Italian investment bank Mediobanca, which will apparently help Monte dei Paschi raise €5 billion in new capital and sell €9.2 billion in bad loans at a deep discount to get them off its books.

    read more.
http://www.independent.co.uk/voices/why-italy-s-economy-is-about-to-collapse-a7091221.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.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.

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

Click on image for article.

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

Negative Interest Rates to Completely DESTROY Global Economy! Here’s Why.

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

Dollar Disaster Looms? China and Russian Currencies Break Away

Well, what do you know? No lack of toilet paper!

Well, what do you know? No lack of toilet paper!

  • Dollar Disaster Looms? China and Russian Currencies Break Away
    by http://www.thedailybell.com/  
    Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble. In effect, money creation in Russia was removed from state sovereignty and tied to the US dollar.”

    2016: “The Stolypin club report advises to increase the investment, pumping up the economy with money from the state budget and by the issue of the Bank of Russia”. Putin decided to follow the Stolypin club advice as the new monetary policy of the country. -Before It’s News

    Money is changing fast and the US dollar is going to crash. Here’s an excerpt from yet another recently published article (translated from the Russian) describing how the ruble may now evolve (here).

    We must nationalize the ruble. What does it mean? It means that we must separate the internal markets from the external ones.

    … Thus, the first step for Russia is secession from the IMF and others similar institutions designed to keep the entire world in bondage. The dollar noose must be cut.

    Now the amount of printed rubles will not be determined by how many dollars we have but by the actual needs of our economy.

    … We have absolutely no need in the central bank in its current form, but we do need a financial regular. Under any regime, it was the Treasury that performed this function. Let it remain the same now regardless of the official name. It may continue to be called the Central Bank. If the essence is changed, there is no need in changing plaques.

    You can also see an article (here) that goes into this issue more deeply and claims that Putin has in mind backing a portion of the ruble with gold as well. (We should note there are claims the  ruble is backed by gold already.)

    The dramatic – historical – Russian currency changes (if these articles are accurate) seem a little difficult to discern in full at this moment, but obviously things are changing fast. And they are changing for China’s “money” as well. In fact, some have speculated China and Russia could launch a joint, gold-backed currency (here, see bottom of article).

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

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

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

Unraveling of Economy – Signs Have Arrived | Rob Kirby Q&A

  • Published on Aug 20, 2016
    IN THIS INTERVIEW: 

    – Derivatives used for globalist control ►0:50 
    – What is the difference/impact of Open Interest, Commitment of Traders & Precious Metal Futures? ►6:40 
    – What in your opinion are some of the key things to watch for that maybe a sign that things are going to turn over and go belly up? ►11:36 
    – Are there things that you recommend we Canadians should do different in preparation for the US dollar devaluation…for example will our dollar be devalued just like the American? ►13:50 

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

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