On October 2, voters in Hungary will participate in a nationwide referendum to vote whether they agree to the forced settlement of migrants in Hungary by the EU or not. It’s a major issue in Hungary, a land of proud and staunchly independent-minded people who have endured 150 years of Ottoman rule; wars with Habsburg Austria until the Austro-Hungarian Compromise of 1867 created a peaceful coexistence under the dual Monarchy of Austria–Hungary.
After that, Hungarians were subject to the [NWO Rothschild] Soviet Union since 1945, initially under the dreaded Mátyás Rákosi, until it became the first Warsaw Pact communist country to declare a constitutional republic in October, 1989 and open its borders to Austria, setting in motion the domino fall of East Germany and then of the entire Warsaw Pact and, ultimately, the Soviet Union. Like every nation, they have a very special history.
It might well be said that Hungarians, always an ethnic melting-pot population whose parliament enacted the first laws of ethnic and minority rights in the world in 1849, are not a passive people when they sense something is wrong in the way they are being treated.
If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine.
That’s the current meme among [keynesian] economists.
Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending is seen as crucial. Since wages at the lower 75% are crummy and have not been rising enough to keep up with inflation, the only other way to prod consumers into spending more is to bamboozle them into borrowing more and blowing this moolah instantly.
Cutting interest rates to zero was supposed to have helped that noble process (though consumers see those zero-rates inexplicably only on their savings and not on their debts).
So that process of growing GDP by loading up consumers with debt, which worked for decades, has stalled:
- Shanghai Shock April 19, 2016: Yuan Based Gold Standard.
- Mobs of Angry Investors Fight Market Rigging, Maul Deutsche Bank in Class-Action Lawsuit, other Banks Next
Japan Shares Plunge Day Before China Releases New Gold Backed Yuan Scheduled For Tuesday April 19, 2016.
Tokyo – Japanese stocks fell 3 per cent Monday for the second straight trading day of fall as investor sentiment was hurt by a stronger yen, falling oil prices and growing concerns about the two major earthquakes that struck the southern island of Kyushu last week.
The benchmark Nikkei 225 Stock Average lost 572.08 points, or 3.4 per cent, to close at 16,275.95 after falling as much as 3.5 per cent.
The broader Topix index was down 41.25 points, or 3.03 per cent, at 1,320.15.
Oil prices fell sharply after top oil producers Sunday delayed anagreement in the Qatari capital Doha to freeze the crude output levels to shore up low prices.
- Revolt Of The Debt Slaves: When The Herd Turns
- China Another Banker Dead: This Time By Extreme Prejudice!
- The Coming Revelations Of Silver & Gold Price Suppression: Silver Exposes Counterfeit Fiat Economy.