Socio-Economics History Blog

Socio-Economics & History Commentary

ISIS Claims Responsibility for Barcelona Attack

  • Published on Aug 17, 2017
    13 dead & more than 30 injured in a “massive crash” involving a van in Barcelona’s city center, local police have confirmed. Authorities have called the incident a “terrorist attack.”
https://www.wsws.org/en/articles/2014/07/30/isis-j30.html

Click on image for article.

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August 18, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , | Leave a comment

Step Closer to EU Superstate: Spain Calls for Shared Eurozone Budget and Finance Minister

http://www.express.co.uk/news/politics/838915/European-Union-Spain-eurozone-budget-EU-finance-minister

Click on image for article.

http://www.express.co.uk/news/world/790300/UNITED-STATES-OF-EUROPE-Greece-s-ruling-Syriza-party-calls-for-FEDERAL-EU

Click on image for article.

https://www.thenewamerican.com/world-news/europe/item/26062-globalist-french-president-gets-to-work-empowering-eu

Click on image for article.

http://www.breitbart.com/london/2017/05/16/macron-sets-course-european-superstate-first-day-french-president/

Click on image for article.

http://www.express.co.uk/news/politics/775459/European-Union-Jean-Claude-Juncker-Guy-Verhofstadt-superstate-vision-EU

More political theatre to deceive the sheeple. 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 10, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , | Leave a comment

New Pressure Point: Spain Sees 75% Surge in Migrants Compared to 2016

  • Published on Jul 11, 2017
    Spain has seen a sharp rise in migrants arriving from Africa this year – between January and June, up to 6,500 landed in the country, compared with 8,000 arrivals in all of 2016.

http://www.express.co.uk/news/uk/722887/Calais-migrants-UK-child-refugee-policy-real-age-all-male-group-Britain

The real intention is to destabilize Europe and set the stage for the Clash of Civilizations (Samuel Huntington) war. Click on image for article.

http://www.express.co.uk/news/world/743558/Rome-war-migrants-poor-Italians-Vatican-City-Virginia-Raggi

Click on image for article.

http://www.express.co.uk/news/world/764433/They-grabbed-me-everywhere-More-than-900-migrants-carried-out-Germany-NYE-sex-attacks

Click on image for article.

http://www.dailymail.co.uk/news/article-3685561/France-verge-civil-war-sparked-mass-sexual-assault-women-migrants-intelligence-chief-warns.html

Who is behind all these problems? Western Illuminist governments. First, they invade the Middle East using false pretexts in wars of aggression. Next they open their borders wide to criminals, terrorists, thugs, rapists, gangsters … using false pretext of helping Muslim war refugees. This is all part of the Clash of Civilizations Illuminist psyop leading the sheeple towards Albert Pike’s Satanic WW3. Don’t be fooled. Click on image for article.

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July 12, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , | 1 Comment

Realist News: Italian Banking Crisis & Now Spain Joins the Fun

  • Spain’s Most Italian Bank Still “Solvent,” Claims Finance Minister
    by , http://wolfstreet.com/
    It just doesn’t let up with this bank.
    The future continues to look bleak for Spain’s most Italian bank, Banco Popular, which ironically once bore the slogan “Our Past and Our Present Guarantee Our Future.” Things have gotten so bad that when the country’s Minister of Finance Luis de Guindos was asked by a reporter today about the bank’s state of health, he responded: “the bank is solvent.” Which is kind of like a doctor saying, “the patient is alive.” Not exactly reassuring.


    Popular just had its worst day of 2017 after seeing its penny stock tumble over 10%, from €0.90 to €0.82. This is a bank that was once ranked among the world’s most profitable by ratings company IBCA and which not so long ago boasted a share price of over €15. That was before its management decided to bet the farm on risky real estate investments at the height of an insane property bubble and then took too long to clean up afterward.

    Even now, nine years after the the bubble’s crash, roughly a quarter of Popular’s total loan portfolio is still concentrated in the real estate and construction sectors. In November last year. it had over €30 billion worth of bad loans and non-performing assets on its books, which it continues to struggle to offload without incurring fatal losses. It was also the country’s worst performing bank in the ECB’s last stress test.

    read more.

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April 6, 2017 Posted by | Economics | , , , , , , , | Comments Off on Realist News: Italian Banking Crisis & Now Spain Joins the Fun

Breaking News on the War on Cash: Now Spain

http://www.wsj.com/articles/the-political-war-on-cash-1455754850

Click on image for article. Needs subscription.

https://www.biblegateway.com/passage/?search=Revelation+13%3A16-18&version=NKJV

  • Breaking News on the War on Cash: Now Spain
    by India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’

    In other words, Spain is going to make cash transactions even more difficult. As of presstime, from what we can tell, this has yet to be reported anywhere in English media except here now at TDV.

    As you can see, the chaos is increasing. Combine cash bans with attacks on fake news (more on that tomorrow), and you end up disturbing a significant amount of people as we wrote here recently.

    This amounts to a trend of course, of the sort we’ve been analyzing for several years now. We’ve predicted increased social chaos throughout the West and beyond because globalism is not built by votes but by violence and widespread disaffection that allows globalist “solutions” to be rammed home.

    I expect “cash banning” to be speeded up along with selected attacks on the alternative media – as part of a larger effort to create widespread social dissension. People believe attacks on cash and “news” are what they seem to be on the surface. They are not. They are part of a much deeper strategy that involves additional globalism. We’ve expected just these sorts of actions and have profited from them for the past several years along with our newsletter subscribers. We await more of the same.

    Currently, violence spawned by this anti-cash trend can be seen in such countries as Uruguay and India where cash banning on large bills has ignited significant social chaos already. India is in the throes of riots while Uruguay has been hit with a nationwide strike aimed in part at derailing a mandate that all employers must pay employees electronically via a bank account, starting as soon as March.

    You won’t read much about the results of cash banning because the mainstream media won’t cover it, but the moves are doing their job, which is in part to inflict maximum social damage and make people aware that nothing they think they control is really theirs.

    read more.

Davos_elites-Negative_rates_cashless_economy

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

Click on image for article.

http://www.infowars.com/financial-times-calls-for-abolishing-cash/

Click on image for article.

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November 25, 2016 Posted by | Economics, EndTimes, Social Trends | , , , , , , , , | 2 Comments

Companies Are Preparing For An Event By Raising Terror Insurance Limits

  • Published on Oct 26, 2016
    CETA misses 3 deadlines. Obamacare architect says that people needed a larger penalty to force them into Obamacare. Pentagon wanted National Guard soldiers to repay their bonuses for enlisted, they have since backtracked because of public pressure. Clapper says the US can’t force NK to stop producing nuclear weapons. Russian ship wanted to refuel in Spain but NATO instructed them to do otherwise. Russia unveils its newest nuclear missile that can reach the US. France keeping their aircraft carrier in the middle east. UK to deploy tanks and trucks to the eastern Europe. Turkey will continue to fight in Syria no matter what the Syrian Government says. Corporations are taking out more terrorism insurance and at the same time AIG is raising the limits.
http://nypost.com/2016/01/06/you-can-thank-jimmy-carter-and-bill-clinton-for-north-koreas-nukes/

Click on image for article.

http://www.democracynow.org/2003/5/2/did_donald_rumsfeld_aid_north_koreas

America, the west supplied North Korea the nuclear technology. Click on image for article.

http://www.guardian.co.uk/world/2003/may/09/nuclear.northkorea

Click on image to goto article.

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October 28, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Comments Off on Companies Are Preparing For An Event By Raising Terror Insurance Limits

TARGET2 Shows Europe’s Banking Crisis Is Escalating Again (Fast)

teczowagrafika

  • TARGET2 Shows Europe’s Banking Crisis Is Escalating Again (Fast)
    by Tyler Durden, http://www.zerohedge.com, Via GEFIRA.org
    Problems of Deutsche Bank, Commerzbank, Monte dei Paschi and other German, Italian and Spanish banks are not the only concern of the European Banking System. Trouble is much deeper than it is thought because there is a systemic imbalance that has been increasing for almost ten years. Politicians do not want to tell us the truth, but soon we will experience the same crisis in the Monetary Union as we did in 2012.

    The extent of the problems in the European Banking System is TARGET2 and its balances of the National Central Banks of the Eurosystem. These balances, or rather imbalances, reflect the direction of the capital flight. And there is only one way: from Southern Europe into Germany. After Mario Draghi’s famous words “I do whatever it takes to save the euro”, things seemed to improve; however, since January 2015 problems have been escalating again.

    read more.

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October 4, 2016 Posted by | Economics | , , , , , , , | Comments Off on TARGET2 Shows Europe’s Banking Crisis Is Escalating Again (Fast)

EU Crisis Looms as Greece, Spain And Portugal Pose TRIPLE THREAT for Crumbling Eurozone

http://www.express.co.uk/finance/city/708974/EU-crisis-looms-as-Greece-Spain-and-Portugal-pose-TRIPLE-THREAT-for-crumbling-eurozone

Click on image for article.

September 10, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Comments Off on EU Crisis Looms as Greece, Spain And Portugal Pose TRIPLE THREAT for Crumbling Eurozone

The Planned Fracturing of The EU This Jubilee Year Continues: Greece, Italy, Spain Consider Exiting

EUrope_collapse1

  • The Planned Fracturing of The EU This Jubilee Year Continues: Greece, Italy, Spain Consider Exiting
    by When we started The Dollar Vigilante in 2010 we stated that the worldwide central banking fiat money system would collapse within the decade.

    It was just math.  Government debt continues to mount and the only way to pay interest on the debt is to print more money.  The US government, alone, has doubled its debt in the last eight years, from under $9 trillion to now well over $19 trillion. Almost every Western government has done similarly and central banks continue to print money to make the dead system seem like it is still alive.

    Early in 2015 we caught on to an occult (hidden) timeline by which major financial events occur called the Shemitah, and the year after called the Jubilee (or Super Shemitah). On the end day of the once-every-seven-year Shemitah, in 2015, we wrote, “Eurozone Collapses, Borders Erected Across Europe On Shemitah End Day“. 

    A few accused us of making a mountain out of a mole hill.  They said, to paraphrase, “This is just a temporary issue related to the refugees, it’ll be fixed soon and the EU will be back to normal.” We, on the other hand, stated that we expected the EU to be in tatters by the end of the Jubilee Year (October 2, 2016).

    And look at what has happened.
    The so-called “refugee crisis” has been the most talked about thing in Europe for the last year.  Massive chaos and terror attacks (although many were false flags) carried out, and countless figures in politics have said the EU is over. Philippe Legrain, a former economic adviser to the president of the European Commission, admits what is common knowledge in an article for Project Syndicate.

    Leaving the EU once seemed outlandish: no country had ever done it, and only extremists even proposed it. Brexit now makes leaving seem feasible and, to some, reasonable. Already, Geert Wilders, whose far-right Freedom Party is leading in the polls ahead of the Netherlands’ general election next March, is demanding a referendum on EU membership. So, too, is the Danish People’s Party, which is the biggest party in the Danish parliament, but remains out of government.

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

Click on image for article.

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August 15, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , | Comments Off on The Planned Fracturing of The EU This Jubilee Year Continues: Greece, Italy, Spain Consider Exiting

Italian, Spanish and German Banks Savaged in Key Test of Europe’s Banks

Deutsche-Bank-collapse

  • Italian, Spanish and German Banks Savaged in Key Test of Europe’s Banks
    by NICK GUTTERIDGE, http://www.express.co.uk/  
    LEADING banks in Italy, Spain, Germany and Ireland are laden down with alarming levels of debt according to a stress test of European lenders.

    The major financial pillars of the EU all delivered dire results in a European Union stress test assessing how banks on the continent would deal with a global downturn. 

    The Bank of England moved swiftly tonight to reassure global markets that UK lenders are in a strong position to weather any global financial turbulence. The European Banking Authority (EBA) which coordinated the test of 51 lenders from across the bloc said the results showed there was still more work to do to put banks on a firmer footing.

    read more.

Eurozone_Collapse

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July 30, 2016 Posted by | Economics | , , , , , , , , | Comments Off on Italian, Spanish and German Banks Savaged in Key Test of Europe’s Banks

Some Disturbing Figures About The Upcoming Banking Crisis

Global-financial-crisis2

  • Some Disturbing Figures About The Upcoming Banking Crisis
    by Simon, Black, https://www.sovereignman.com/  
    …. Deutsche Bank has seen a lot in its years; multiple world wars and the devastation of Europe. Hyperinflation in the Weimar Republic. Nazi Germany. The bank even outlasted its own country, as the Kingdom of Prussia was formally abolished in 1947. But as the world learned in 2008 when the 158-year old investment bank Lehman Brothers went bust, even giant, centuries-old financial institutions can collapse.

    Today, banks are up to the same tricks as they were 10 years ago, except they’ve taken things to a whole new level. And Deutsche Bank is leading the charge. One of the major issues in the 2008 crisis was that banks were over-leveraged and had very thin levels of capital. In other words, the banks’ rainy-day reserve funds as a percentage of their overall balance sheets were extremely low, so even a small loss in their investment portfolios would cause financial Armageddon.

    That’s precisely what happened. Lehman Brothers famously had a capital ratio of less than 3% of its assets. So when the value of its assets fell by more than 3%, the bank was finished. Well-capitalized banks are supposed to have double-digit capital levels while making low risk investments.

    Deutsche Bank, on the other hand, has a capital level of less that 3% (just like Lehman), and an incredibly risky asset base that boasts notional derivatives exposure of more than $70 trillion, roughly the size of world GDP. Even the IMF has stated unequivocally that Deutsche Bank poses the greatest risk to global financial stability. And the IMF would be right… except for all the other banks. 

    Because, meanwhile in Italy, nearly the entire Italian banking system is rapidly sliding into insolvency. Italian banks are sitting on over 360 billion euros in bad loans right now and are in desperate need of a massive bailout. IMF calculations show that Italian banks’ capital levels are among the lowest in the world, just ahead of Bangladesh. And this doesn’t even scratch the surface of problems in other banking jurisdictions.

    Spanish banks have been scrambling to raise billions in capital to cover persistent losses that still haven’t healed from the last crisis.

    read more.

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July 15, 2016 Posted by | Economics | , , , , , , , , | Comments Off on Some Disturbing Figures About The Upcoming Banking Crisis

Brexit Blowback Hits Italian and Spanish Banks. Worst Day for Italian & Spanish Stocks. Banks Massacred.

Stock-Money-Market-Crash-Down-Arrow

  • Brexit Blowback Hits Italian and Spanish Banks. Worst Day for Italian & Spanish Stocks. Banks Massacred  
    by , http://wolfstreet.com/  
    The prophets of Project Fear reaped what they’d sown, as financial carnage spread across global markets on news that a slim majority of British voters had done the unthinkable by drowning out the relentless doomsaying and voting to leave the European Union.

    The pound sterling plunged 8% against the dollar, to $1.37, its lowest level in three decades. The euro fell 1.93%, in itself a huge one-day move for a major currency. UK stocks surrendered over 3% of their value. But that was nothing compared to the havoc unleashed in other European stock markets.

    Germany’s DAX plummeted 7%; France’s CAC 40 over 8%. But even that pales compared to what happened in Spain and Italy: the IBEX 35 plummeted 12.3% and the FTSE MIB 12.5%. It was their worst day on record.

    The UK economy may be in for a hellishly bumpy ride in the months and years ahead, but the fact that London’s FTSE 100 was Europe’s least worst performing stock market on this day of all days suggests that Europe’s biggest financial risks probably lie elsewhere. And that is in euro land, in particular on its southern flank.

    The unpalatable truth, as even the former governor of the Federal Reserve, Alan Greenspan, conceded today, is that the euro “is failing”:

    It is a very serious problem in that the southern part of the euro zone is being funded by the northern part and the European Central Bank.

    Another serious problem (on which Greenspan was somewhat less forthcoming) is Europe’s swelling ranks of heavily leveraged, scantily capitalized, bad-loan bedeviled, zombified banks. It was they whose stocks plunged the most today. Despite the fact that central bankers around the world, led by the Bank of England’s Mark Carney, the ECB’s Mario Draghi and the Federal Reserve’s Janet Yellen, had pledged to print into existence countless billions of pounds, euros and dollars in a last-ditch attempt to backstop Europe’s crumbling financial system, the EU Stoxx 600 Banking index plummeted 14.5%.

    read more.

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June 26, 2016 Posted by | Economics | , , , , , , , , , , | Comments Off on Brexit Blowback Hits Italian and Spanish Banks. Worst Day for Italian & Spanish Stocks. Banks Massacred.

Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months

Mario_Draghi_QE-Europe_collapsing_ECB

  • Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months
    by , http://wolfstreet.com/  
    Past a possibly messy Brexit & elections in France and Germany
    Senior bankers in Spain and Italy can breathe a collective sigh of relief after Europe’s finance and economic ministers decided on Friday to postpone, for at least 18 months, a decision on setting a limit on the government bonds some banks can hold as eligible “risk-free” capital. It was one of four things keeping Spanish senior bankers awake at night. Now, they can sleep a little sounder.


    The initiative, initially proposed by the German government and supported by other fiscally hawkish governments such as Finland and the Netherlands, was intended to limit the purchase of public debt by banks, in order to break the vicious cycle of co-dependence that now exists between sovereign and bank risk.

    If allowed to happen, the move could have posed a very serious threat to the balance sheets of many banks on the Eurozone periphery. According to European Central Bank data, euro-area sovereign bonds accounted for over 10% of banks’ assets in the Eurozone, or €2.73 trillion ($3 trillion), at the end of 2015 — over €300 billion more than at the end of 2014, on the eve of the ECB’s launch of its negative interest rate policy (NIRP).

    This trend is particularly acute in countries like Portugal, Spain, and Italy, where banks’ balance sheets are filled to the gills with bonds of their individual sovereigns — all considered “risk free” for regulatory reporting. Just the merest suggestion of loosening the chains of interdependence between sovereigns and banks was enough to set off shrieks of panic in the halls of government and banking C-suites of Madrid, Rome, and Lisbon.

    read more.
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.

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June 20, 2016 Posted by | Economics | , , , , , , , , , | Comments Off on Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months

Next Banking Scandal Explodes in Spain

Looks like the Spanish matador is getting screwed !

Looks like the Spanish matador is getting screwed !

  • Next Banking Scandal Explodes in Spain
    by  , http://wolfstreet.com/  
    The last five years have been a bumper period for banking scams and scandals in crisis-ridden Spain. From Bankia’s doomed IPO in 2012 to the “misselling” of complexpreferentes shares to “unsophisticated” retail bank customers, including children and Alzheimers sufferers, all of the scandals have had one thing in common: the banks have consistently and ruthlessly sacrificed the welfare and wealth of customers, investors, and taxpayers on the altar of short-term survival.

    Some commentators claim that the problem of banking instability in Spain has been put to rest in recent times, thanks chiefly to a robust, debt-fueled recovery, a tepid resurgence of the real estate sector and the transfer of the most toxic assets from banks’ balance sheets to the festering balance sheets of the nation’s bad bank, Sareb. They could not be more wrong.

    Despite the untold billions of euros of public funds lavished on “cleaning up” their balance sheets and the roughly €240 billion of provisions booked against bad debt since December 2007, the banks are just as weak and disaster-prone as they were four years ago.

    And now, it seems a new scandal is in the works. Last month Spain’s sixth largest financial institution, Banco Popular,announced that it was urgently seeking to raise €2.5 billion in capital in a desperate bid to shore up its finances. The news triggered a sell-off that wiped out 33% of the bank’s market capitalization in just two days, before investor nerves were steadied somewhat by revelations that the bank had found 10 global mega banks as underwriters for its €2.5 billion rights issue, including Goldman Sachs, Morgan Stanley, Santander, Deutsche Bank and HSBC.

    But in recent days the stock has once again begun to crumble following allegations that Popular is also doing some creative selling of its own.

    read more.

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June 9, 2016 Posted by | Economics | , , , , | Comments Off on Next Banking Scandal Explodes in Spain

The Banking Crisis in Spain is Back

Matador_Gored_by_Bull

  • The Banking Crisis in Spain is Back
    by Don Quijones, Spain & Mexico, editor at WOLF STREET. 
    The shares of Banco Popular got crushed.
    After three years of relative calm and one month before yet another round of do-or-die general elections, the words “banking” and “crisis” are back on the front pages of Spain’s newspapers. Despite the untold billions of euros of public funds lavished on “cleaning up” their balance sheets and the roughly €240 billion of provisions booked against bad debt since December 2007, the banks are just as weak and disaster-prone as they were four years ago.


    Francisco González, the President of Spain’s second biggest financial institution, BBVA, was the first to raise the alarm, warning a few days ago that the ECB’s negative interest rate policy “is killing” European banks.

    Now, it seems González’s prophecy is already coming true. Spain’s sixth largest financial institution, Banco Popular, on Wednesday evening announced that it was urgently seeking to raise €2.5 billion in capital in order to shore up its finances. The news took many of the firm’s investors by surprise given that just a month ago the bank’s CEO Francisco Gomez had breezily reported that the bank had a very comfortable core capital level above the regulatory minimum and “one of the best” leverage ratios in the sector.

    The market’s response to the latest news was emphatic. The bank’s shares plunged 25% Thursday morning. There was not even the barest flicker of a recovery on Thursday afternoon. On Friday, the stock dropped another 8.2%, to close at €1.59 per share, its lowest in 26 years. Over the three days, the stock plummeted 32%.

    For the bank’s shareholders, it’s the second time this has happened in the last four years. In 2012, the bank’s management — virtually man-for-man the same management team as today — pulled the exact same stunt in an effort to stabilize the bank’s finances. The slogan the bank chose to sell that capital increase was “Our Past and Our Present Guarantee Our Future.”

    read more.

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May 30, 2016 Posted by | Economics | , , , , , | Comments Off on The Banking Crisis in Spain is Back