Socio-Economics History Blog

Socio-Economics & History Commentary

Alex Jones: Potential False Flag Attack To Be Blamed On Muslims Foiled!

January 28, 2010 Posted by | GeoPolitics | , , | Comments Off

Jews To Reestablish Covenant Relationship With God On Passover April 2010!

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January 28, 2010 Posted by | EndTimes, GeoPolitics | , | 5 Comments

S&P Threatens Japan Downgrade!

  • Does anyone really take rating agency seriously any more? What happen to all the ‘AAA’ rated subprime mortgage loans. Aren’t triple A rated debt, safe and a ‘sure thing’? Would anyone in their right mind, still maintain a triple A rating for the US government? There are more politics involved than business sense. The Wall Street Journal reports:
      
    Standard & Poor’s Ratings Services threatened Tuesday to downgrade Japan’s government debt by a notch, saying the young government isn’t fixing the nation’s bloated finances as fast as expected. Lowering the outlook on Japan’s AA rating to negative from stable, S&P said: “The Japanese government’s diminishing economic policy flexibility may lead to a downgrade unless measures can be taken to stem fiscal and deflationary pressures.”
     
    The surprise threat to Japan’s rating, the third-highest that S&P assigns, hit the yen and Japanese government bond prices and prompted concern that the move might dim previously robust prospects for bond issuance throughout Asia over the near term. “The ratings on Japan could fall by one notch if economic data remain weak and measures to boost medium-term growth are not forthcoming, given the country’s high government-debt burden and its weak demographic profile,” S&P said.
     
    Japan, struggling to crawl out of recession after years of subpar growth, is saddled with the worst debt burden in the industrialized world. Promises of fiscal reform have for years taken a back seat to efforts to boost growth with government spending, while the anemic results have weighed on tax revenues.
     
    “The policies of the new Democratic Party of Japan government point to a slower pace of fiscal consolidation than we had previously expected,” said S&P, which last changed its Japan rating with a one-notch cut in April 2002. The S&P move “will be a warning signal” to the Democrats, who came to power in September, of “the importance keeping fiscal policy in order and restricting the budget deficit,” said Calyon Securities chief Japan economist Susumu Kato.
     
    Japanese Finance Minister Naoto Kan declined to comment specifically on the S&P action, but said that fixing Japan’s fiscal woes is a priority. “I am aware that it is extremely important to maintain fiscal discipline and move ahead with fiscal reforms to retain the trust of international markets,” Kan said at a news conference after a regular Cabinet meeting.
      ….
    S&P said the still-high rating for the world’s second-biggest economy was sustained by such strengths as Japan’s status as the world’s biggest net creditor, massive foreign reserves and the yen as a reserve currency.
      …..
    And Japan got a vote of confidence Tuesday, when an analyst at Moody’s Investors Service said its Aa2 rating on the Japanese economy and stable outlook remain intact. Moody’s is on record “expressing some concerns about the new administration and how quickly it can really put (together) a coherent medium-term fiscal framework,” credit analyst Aninda Mitra told Dow Jones Newswires. “But until that happens, there’s no immediate ratings pressure, although the medium-term concerns remain.” . Fitch Ratings has a stable outlook on its AA-minus rating for Japan.
      …..
    “S&P’s decision was surprising, big news, but I don’t think this the main theme in the market,” said Mitsubishi UFJ Trust and Banking Corp. chief manager Hideaki Inoue. “Players are watching the development of share markets” and the impact on sentiment.
        …..
    Japan’s net general government debt, forecast to be 100% of gross domestic product at the end of March, “is among the highest for rated sovereigns” and looks set to peak at 115% of GDP over the next several years, S&P said. 

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January 28, 2010 Posted by | Economics | , , , | 10 Comments

HR 2995 Weather Modification Research ….. Act of 2005! United Nations 1976 Convention on the Prohibition of Military or Any Hostile Use of Environmental Modification Techniques !

Matthew 24:7-8 (New King James Version)
7 For nation will rise against nation, and kingdom against kingdom. And there will be famines, pestilences,[a] and earthquakes in various places. 8 All these are the beginning of sorrows.
 
Luke 21:25 (New King James Version)
25 “And there will be signs in the sun, in the moon, and in the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring;

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January 28, 2010 Posted by | GeoPolitics, History, Science & Technology | , | 13 Comments

Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!

  • The race is on. Which major country: Japan, UK, PIIGS… US will be the first to default? These past few weeks have seen the rhetoric step up over potential sovereign debt defaults of Eurozone. It is causing the European currencies to weaken against the USD. We are increasingly hearing about Japan’s problems too. It is a matter of when, not whether, this sovereign debt crisis will blow up globally.
     
    UK economy lies ‘on bed of nitroglycerine’
    Bill Gross deals blow to government with warning to his investors that Britain’s debt makes it a ‘must to avoid’. The government’s hopes of claiming credit for reviving the British economy suffered a severe blow today when the world’s biggest buyers of bonds warned that the UK was a “must to avoid” for his investors as its debt was “resting on a bed of nitroglycerine”.
     
    The intervention by Bill Gross, co-founder of California-based fund managers Pimco, came on the day official figures confirmed that Britain had emerged from the deepest recession since the 1930s – but only by the narrowest of margins.
     
    The economy grew by 0.1% in the final three months of last year, much weaker than even the most cautious expectations in Westminster and the City. The unexpectedly sluggish performance prompted Alastair Darling to warn that Britain could yet fall back into recession, telling the Guardian “there will be hiccups along the way”.
      …
    But the remarks by Gross, whose pronouncements on bond markets are regarded as highly influential, added to the sense that the economy remained in a dangerously parlous state. “The UK is a must to avoid. Its gilts are resting on a bed of nitroglycerine,” he said.”High debt with the potential to devalue its currency present high risks for bond investors.”
     
    His views are particularly painful for the government as the head of Pimco’s European team is Andrew Balls, the brother of cabinet minister Ed Balls. Gross described the UK as posing risks for investors because it has “the highest debt levels and a finance-oriented economy – exposed like London to the cold dark winter nights of deleveraging”. He warned that the UK was in Pimco’s “ring of fire” where a country’s public debt could exceed 90% of GDP in a few years’ time. Darling’s current projections are for the debt to GDP ratio to peak at 77% in 2014.
     
    Pimco has been trying to attract new clients by sounding the alarm about the UK for some time, most recently
    earlier this month when it unsettled markets by saying it was cutting back on its bond investments in the UK and the US.

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January 28, 2010 Posted by | Economics | , , , , , , | 11 Comments

Israel Rejects UN Gaza War Probe As US Activist Warns of Holocaust Path !

January 28, 2010 Posted by | GeoPolitics | , , , | Comments Off

CrossTalk on Holocaust: Murder Revenues

January 28, 2010 Posted by | GeoPolitics, History | , | Comments Off

   

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