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Italy & Refugee Crisis | Armstrong Economics

Posted on by johnbarleycorn12

The Refugee Crisis in Europe is tearing it apart and all of this began with a unilateral decision by Merkel when her polls declined because of her tough policy on Greece. The refusal to compensate Italy and to demand they take in refugees but denies them the right to send them north proves the very point that I have been getting from Italy behind the curtain – they feel they are an occupied country. Italy said it will seize two migrant rescue ships in the Mediterranean, as this refugee policy of the EU continues to worsen. We are up against politicians in Brussels and Germany who simply refuse to admit that they made serious mistakes. They fear that admitting that will ruin their personal careers so the entire European Union must suffer. Now the two German NGO ships carrying refugees who are really economic migrants looking for a free lunch “will be seized” to determine their legal status according to Italy. The response from Italy comes on the heels of the insensitive remarks of French President Emmanuel Macron who called this the “leprosy” of anti-EU feeling, which is only angering the Italian populist government and the people. This is where this feeling that is related to me is building that they have NO SAY in the fate of their own country and they have simply become an occupied country as if they lost the war and Germany won. Italy sparked the fresh round of discontent earlier this month when it refused to take in the Aquarius refugee ship, which was carrying 630 migrants rescued off the coast of North Africa. Malta also refused to accept the ship and so it went off to Spain. If Spain refuses, Greece, and Portugal, then perhaps the ships will go beyond the Pillars of Hercules and sail to France and Belgium so Brussels can be inundated itself. Perhaps then the policy will change.
— Read on www.armstrongeconomics.com/uncategorized/italy-refugee-crisis/

When I look at these things I always ask who profits. Big business gets lower wages, politicians get votes, and smugglers get paid for doing what they do. A trifecta of self-serving sociopaths

Merkel Extracted €2.9 billion in Interest from Greece | Armstrong Economics

Posted on by johnbarleycorn12

Angela Merkel promised the German people that she would not just hand Greeks money as she does with the refugee, no, she would make them pay dearly for allowing Goldman Sachs to structure deals to get them in the Eurozone. Indeed, she has kept her word. In response to a parliamentary question from the Green Party, the German government had to release figures which revealed that Merkel has acted more like a loan shark making €2.9 billion in interest payments on Greek bonds since 2010 despite the ECB moving rates negative. Merkel bought Greek government bonds as part of an EU deal to prop up the struggling Greek economy since 2010. The bonds were bought by the Bundesbank and then transferred to the federal treasury. This certainly gives new meaning to the pictures of Greek citizens paying dearly for the shenanigans of politicians. The Protestant Reformation is where we draw the line with the birth of Capitalism. The reason we draw the line there is because previously, the Catholic Church had forbidden what Merkel has just done – exploit someone when they are down and out. It was called the Sin of Usury. You were supposed to “help” a fellow in his time of need. The Catholics would have been excommunicated if they engaged in banking. The Protestant Reformation was funded by wealthy Catholic merchants who wanted to compete with the Jews and enter the banking field. The Protestant Reformation thus did not adopt the Sin of Usury so Christians became bankers and could borrow as well as lend. That is where the economy began to be leveraged and this Capitalism was born.
— Read on www.armstrongeconomics.com/international-news/greece/merkel-extracted-e2-9-billion-in-interest-from-greece/

Germany is now turned into a bank extorting interest from its clients

Coming Crisis: Emerging Market Debt | Armstrong Economics

Posted on by johnbarleycorn12

QUESTION: Mr. Armstrong; Just to clarify, a continued rate hike in dollars will send Emerging Market debt into chaos and possibly default. Is this both public and private? Thank you. You are a voice in the wilderness PK ANSWER: Oh yes. Both public and private emerging market debt raised money in dollars. A 2% increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default. This is true especially in Brazil, Turkey, and India.
— Read on www.armstrongeconomics.com/international-news/emerging-markets/emerging-market-debt-coming-crisis/