Socio-Economics History Blog

Socio-Economics & History Commentary

Lindsey Williams: Hope Disk 2. Within 2 Years The Dollar Will Be Worthless. Gold And Silver Are The Currencies Of The Elite!

Part   5    Part   6    Part   7  

  • This is disk 2 of 3 titled Hope by Pastor Lindsey Williams. (Part 1 was posted earlier, it is titled Tragedy.) In this video, Pastor Williams go through the monetary and economic problems that will plague the world in the coming 2 years. Fiat currencies, in particular the USD, will be worthless. Gold and silver will return as monetary metals. They will return as money when fiat currencies collapse. The world will abandon US treasuries and the USD within 2 years. Hyper-inflation will kick in.

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January 30, 2010 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | 22 Comments

Lindsey Williams: Tragedy Disk 1. The Illuminati’s Plan For The Next 2 Years!

Part   5   ,   Part   6  

  • This video was produced in October 2009. This is disk 1 of 3 titled Tragedy. Pastor Williams explains the Illuminati elite’s plan for the next 2 years till end 2011. Listen to what he has to say!

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January 30, 2010 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , | 19 Comments

Niall Ferguson: Others Will Follow Greek Debt Tragedy!

  • Ferguson is spot on. However, he is too sanguine on America’s debt in my opinion. Printing more money out of thin air, Quantitative Easing, means debasement of the USD. The amount of new debt issue: $2.oT for this year can only mean the end of the USD.
      
    The world debt overhang is threatening the world recovery, because markets will realize at some point how risky it is and the yields on bonds will increase, Niall Ferguson, professor of history at Harvard University, told CNBC Thursday.
      
    “I think we have a situation where Greece is leading the pack but other countries will follow,” Ferguson told “Squawk Box Europe.” The spread on 10-year Greek bond yields over the German Bunds, a measure of how risky markets see the country’s debt, surged to a its highest level since Greece adopted the euro on Wednesday. Greece’s debt is forecast to balloon to more than 120 percent of gross domestic product this year.
      
    Very few countries were able to cope with debt of over 100 percent of GDP in the past, and “the classic question is whether or not you default or try to inflate it away,” Ferguson said. The United States is in control of its currency and can print more to reduce its debt, but Greece and other countries in the euro cannot do this, therefore the cost of their debt will rise, he predicted. This, in turn, will weigh on economic growth around the world, Ferguson added.

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January 30, 2010 Posted by | Economics | , , , , , , | 15 Comments

Brace Yourself for the Coming Gold Shortage!

  • Couldn’t say it better myself. There is a formidable bubble building in fiat currencies. It will end in grief for the world. ZeroHedge writes:
      
    Brace yourself for the impending gold shortage. Gold shortage? Yup. With the launch of a flurry of ETF’s devoted to the barbaric relic recently, total ETF holdings have soared well past 60 million ounces worth $65 billion, more than total world production in 2009. The grand Daddy of them all, the SPDR Gold Shares (GLD), now has a staggering $42.7 billion of the yellow metal, making it the second largest ETF by market capitalization, and the fifth largest gold owner in the world.
     
    When gold suffered a hair raising $150, 12% pull back from the all time high in December, I was deluged by traders asking if this was the peak, if it was the final blow off top, and if gold is finished as an asset class. My answers were no, never, and not on your life.
     
    A tidal wave of fiat paper currencies is now flooding the world financial system at an increasingly alarming rate. Obama has not suddenly become a paragon of fiscal restraint. Bernanke has not morphed into a tightwad. When I pull a dollar bill out of my wallet, it’s as limp as ever.
     
    In 2008, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a shortage of skilled workers, and more stringent mine safety regulations have been blamed. Choked off credit has frozen the development of new capital intensive deep mines, as it has for everybody else. Rising production costs have driven the global breakeven cost of new gold production up to $500 an ounce.
     
    In the meantime, the financial crisis has driven flight to safety demand for gold bars and coins to all time highs. Last year, the US Treasury ran out of one ounce $50 American Gold Eagle coins, now worth about $1,150. Competitive devaluations by almost every central bank, except Japan, mean that currencies are not performing as the hedge that many had hoped, especially the Euro.
     
    It all has the makings of a serious gold shortage for the future. The huge growth of the middle class will impact gold prices, as it has with other commodities. Linear growth in supply will get overwhelmed by a Malthusian, exponential growth in demand. Last year’s downturn is looking increasingly like a mere blip in the eight year bull market.
     
    If you forgot to buy gold at $35, $300, or $800, another entry point is setting up for those who, so far, have missed the gravy train. We could be seeing a replay of 2008-2009, where the yellow metal traded in a sideways range for many months before blasting through to a new all time high and quickly tacking on 25%. Start scaling in around $1,040. That’s where the Reserve Bank of India started the recent love fest for the barbaric relic with its 200 ton purchase in November.
     
    If the institutional world devotes just 5% of their asset to a weighting to the yellow metal, and an emerging market central bank bidding war for gold reserves continues, it has to fly to at least $2,300, the inflation adjusted all time high, or higher.
     
    ETF players can look at the 1X (GLD) or the 2X leveraged gold (DGP). Stock investors can entertain shares in Barrack Gold, the world’s largest gold producer. I would also be using the current bout of weakness to pick up the high beta, more volatile precious metal silver (SLV) and platinum (PPLT), which have their own long term fundamentals working in their favor.

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January 30, 2010 Posted by | Economics | , , , , , | 1 Comment

The Power of Nightmares! The Rise of the Politics of Fear! Historian Howard Zinn: “Largest Lie” is the “U.S. War on Terrorism”

  • This is a very good documentary by the BBC on the rise of the Neo-Conservatives in America and the rise of militant Islāmic Jihad. The lies of the NeoCons are exposed. They have been inventing enemies and creating mythological intelligence reports since the Cold War. The people behind the current fake War on Terror are the same people behind the fake Cold War. Al Qaeda does not exist! It is a phantom creation of these war mongers! Sherwood Ross writes:
      
    The “largest lie,” wrote historian Howard Zinn who died yesterday at age 87, is that “everything the United States does is to be pardoned because we are engaged in a ‘war on terrorism.’”
     
    “This ignores the fact that war is itself terrorism, that the barging into people’s homes and taking away family members and subjecting them to torture, that is terrorism, that invading and bombing other countries does not give us more security but less security.”
     
    In an article published previously in “The Long Term View” magazine of the Massachusetts School of Law,  Zinn said that in the Fallujah area of Iraq Knight Ridder reporters found there was no Ba’athist or Sunni conspiracy against the U.S., “only people ready to fight because their relatives had been hurt or killed, or they themselves had been humiliated by home searches and road stops.”
     
    Zinn, popularly known as the people’s historian, pointed out that the U.S. may have liberated Iraq from the tyranny of Saddam Hussein but afterwards it became Iraq’s occupier. He noted this is the same fate that befell Cuba after the U.S. liberated it from Spain in 1898.  In both nations, the U.S. established military bases and U.S. corporations moved in to profit from the upheaval.
     
    Zinn recalled the words of then Defense Secretary Donald Rumsfeld before the NATO ministers in Brussels in June, 2002, “the absence of evidence is not evidence of absence” of weapons of mass destruction. “That explains why this government, not knowing exactly where to find the criminals of September 11, will just go ahead and invade and bomb Afghanistan, killing thousands of people, driving hundreds of thousands from their homes, and still not know where the criminals are,” Zinn wrote.
     
    “This explains why the government, not really knowing what weapons Saddam Hussein is hiding, will invade and bomb Iraq, to the horror of most of the world, killing thousands of civilians and soldiers and terrorizing the population,” he continued.
     
    The historian pointed out that even if the U.S. experienced few battle casualties in its invasion of Iraq, casualties would mount afterwards in the occupying army from sickness and trauma, which took a high toll both in Viet Nam and after the Gulf War. In the 10 years after the Gulf War, 8,000 veterans died and 200,000 veterans filed complaints about illnesses incurred “from the weapons our government used in the war.”
     
    Zinn predicted accurately that once the American public realized President Bush had lied to them about Iraq they would turn against the government. “When it loses its legitimacy in the eyes of its people, its days are numbered,” he said of the Bush administration.
     
    Writing of his personal feelings, Zinn said, “I wake up in the morning, read the newspaper, and feel that we are an occupied country, that some alien group has taken over… I wake up thinking this country is in the grip of a President (George W. Bush) who was not elected, who has surrounded himself with thugs in suits who care nothing about human life abroad or here, who care nothing about freedom abroad or here, who care nothing about what happens to the earth, the water, the air. And I wonder what kind of world our children and grandchildren will inherit.”
     
    Zinn called on his readers “to engage in whatever nonviolent actions appeal to us. There is no act too small, no act too bold. The history of social change is the history of millions of actions, small and large, coming together at critical points to create a power that governments cannot suppress. We find ourselves today at one of those critical points.”

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January 30, 2010 Posted by | GeoPolitics, History | , , , , | 5 Comments

Bloomberg David Reilly: Secret Banking Cabal Emerges From AIG Shadows!

“A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.”
 
” … when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.”

  • The Illuminati controls most central banks (particularly the west’s) of the world. These central banks are private corporations owned by Illuminati Satanic bloodline. They control the printing of fiat currencies. The Federal Reserve is neither federal nor has any reserves. It is a private company working for the benefit of this secret cabal. The FedRes owns the US government and practically all western governments are owned by the Illuminati. Yes, there are good people like Ron Paul and Kucinich who fights them. But they are largely marginalized. Bloomberg reports:
      
    Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
     
    Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials. We’re talking about the
    Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system — apart from the matter of AIG’s bailout — deserves further congressional scrutiny.
     
    The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt securities to banks, including
    Goldman Sachs Group Inc., Merrill Lynch & Co., Societe Generale and Deutsche Bank AG, among others. That decision, critics say, amounted to a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been allowed to fail.
     
    That move came a few weeks after the
    Federal Reserve and Treasury Department propped up AIG in the wake of Lehman Brothers Holdings Inc.’s own mid-September bankruptcy filing.
     
    Saving the System
    Treasury Secretary
    Timothy Geithner was head of the New York Fed at the time of the AIG moves. He maintained during Wednesday’s hearing that the New York bank had to buy the insurance contracts, known as credit default swaps, to keep AIG from failing, which would have threatened the financial system.
     
    The hearing before the House
    Committee on Oversight and Government Reform also focused on what many in Congress believe was the New York Fed’s subsequent attempt to cover up buyout details and who benefited.
     
    By pursuing this line of inquiry, the hearing revealed some of the inner workings of the New York Fed and the outsized role it plays in banking. This insight is especially valuable given that the New York Fed is a quasi-governmental institution that isn’t subject to citizen intrusions such as freedom of information requests, unlike the Federal Reserve.
     
    This impenetrability comes in handy since the bank is the preferred vehicle for many of the Fed’s bailout programs. It’s as though the New York Fed was a black-ops outfit for the nation’s central bank.
     
    Geithner’s Bosses
    The New York Fed is one of 12 Federal Reserve Banks that operate under the supervision of the Federal Reserve’s board of governors, chaired by
    Ben Bernanke. Member-bank presidents are appointed by nine-member boards, who themselves are appointed largely by other bankers.
     
    As Representative
    Marcy Kaptur told Geithner at the hearing: “A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.” And yet the New York Fed played an integral role in the government’s bailout of banks, often receiving surprisingly free rein to act as it saw fit.
     
    Consider AIG. Let’s take Geithner at his word that a failure to resolve the insurer’s default swaps would have led to financial Armageddon. Given the stakes, you might think Geithner would have coordinated actions with then-Treasury Secretary
    Henry Paulson. Yet Paulson testified that he wasn’t in the loop. “I had no involvement at all, in the payment to the counterparties, no involvement whatsoever,” Paulson said.
     
    Bernanke’s Denials
    Fed Chairman Bernanke also wasn’t involved. In a written response to questions from Representative
    Darrell Issa, Bernanke said he “was not directly involved in the negotiations” with AIG’s counterparty banks. You have to wonder then who really was in charge of our nation’s financial future if AIG posed as grave a threat as Geithner claimed.
     
    Questions about the New York Fed’s accountability grew after Geithner on Nov. 24, 2008, was named by then-President- elect
    Barack Obama to be Treasury Secretary. Geither said he recused himself from the bank’s day-to-day activities, even though he never actually signed a formal letter of recusal. That left issues related to disclosures about the deal in the hands of the bank’s lawyers and staff, rather than a top executive. Those staffers didn’t want details of the swaps purchase to become public.
     
    New York Fed staff and outside lawyers from
    Davis Polk & Wardell edited AIG communications to investors and intervened with the Securities and Exchange Commission to shield details about the buyout transactions, according to a report by Issa. That the New York Fed, a quasi-governmental body, was able to push around the SEC, an executive-branch agency, deserves a congressional hearing all by itself.
     
    Later, when it became clear information would be disclosed, New York Fed legal group staffer
    James Bergin e-mailed colleagues saying: “I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals — too many counterparties, too many lawyers and advisors, too many people from AIG — to keep a determined Congress from the information.”
     
    Think of the enormity of that statement. A staffer at a body with little public accountability and that exists to serve bankers is lamenting the inability to keep Congress in the dark. This belies the culture of secrecy obviously pervasive within the New York Fed. Committee Chairman
    Edolphus Towns noted during the hearing that the bank initially refused to disclose even the names of other banks that benefited from its actions, arguing this information would somehow harm AIG.
     
    ‘Penchant for Secrecy’
    “In fact, when the information was finally released, under pressure from Congress, nothing happened,” Towns said. “It had absolutely no effect on AIG’s business or financial condition. But it did have an effect on the credibility of the Federal Reserve, and it called into question the Fed’s penchant for secrecy.”
     
    Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the
    Trilateral Commission. Yet when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.

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January 30, 2010 Posted by | Economics | , , , , , , | 5 Comments

CNBC Jim Cramer: Illuminati Exist And Is Not All Bad!

  • The Illuminati Satanic cabal exist. Those of us who have been saying so, conspiracy theorist, are not loonies. This world is ruled by a Satanic cabal. Jim Cramer is wrong! The Illuminati is evil! The fact that it is coming out in the MSM tells you that these people are no longer concerned about secrecy. They think that their plans are too far along for the sheeple to do anything about. You will gradually but in increasing intensity hear about them and their blasphemous doctrine: ‘Lucifer is light’ . Luciferianism is on  the rise. 
       
  • Subtlety is their method. Jim Cramer in reference to the scandal about Geithner & AIG he states :
     
    “You know what, the Bavarian Illuminati, the Trilateral Commission, Goldman Sachs, & The Queen of England are not all bad!”

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January 30, 2010 Posted by | Economics | , , , | 6 Comments

Lindsey Williams: 30%-50% Dollar Devaluation in 12 Months!

Click on image for mp3 interview!

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January 30, 2010 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | 7 Comments

   

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