Socio-Economics History Blog

Socio-Economics & History Commentary

The EXACT REPLICA Of The 3rd Temple Is Being BUILT To Begin Training Priest / Rabbi’s in Jerusalem!

  • (IsraelNN.com) Jews in the town of Mitzpe Yericho (October 2009) are taking practical steps to prepare for the rebuilding of the Temple in Jerusalem, by preparing descendents of Cohanim (priests) and Levites for service. At the Mitzpe Yericho school, Temple priest hopefuls learn exactly how to conduct the daily Temple service and offer the required sacrifices.
     
    “Today is really a historical event for the Jewish people, organizer Levi Chazan said as another part of the school was completed. It is the beginning of the work for the Third Temple.
     
    The school will include an exact replica of the Temple. The latest addition to the replica was the area in which priests offered wine and water libations. The water offering was traditionally given on the Sukkot holiday, which was celebrated last week.
     
    Festivities accompanied the completion of another step in the school’s construction. Among those present was Baruch Marzel, long-time Land of Israel activist and parliamentary aide to MK Michael Ben-Ari. The timing of the work on the school is particularly appropriate due to recent Muslim riots against Jewish visits to the Temple Mount, Marzel said. 

Jerusalem Special Report – The Building of the Third Temple (Telecast Oct 2007)
 

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February 16, 2010 Posted by | EndTimes | , , | 9 Comments

Japanese Car Recalls a Sign of Economic Warfare !

  • This is really about reigning in Japan’s Hatoyama government. The Japanese government wants to break all secret contracts with the US government and remove American military bases. Japan no longer wants to be subservient to America and a US puppet. This is pissing off the snakes in DC because it upsets their plan of global hegemony. If Japan realign itself with China instead of US, it will mean that America no longer have a strong hold in Asia. The coming world war to defeat China will also be more complicated. When China and Japan (the #2 and #3 economies) decide to combine their economic prowess, the western hegemony is in trouble. Asia can go it alone without the western market. The west’s financial system, fiat currency monetary system and stranglehold on MSM, corporations …. will be greatly weakened. It is quite clear they intend to take down Japan, the weaker link of the two.
     
    Japanese Split on Exposing Secret Pacts With U.S.
    They were Tokyo’s worst-kept diplomatic secrets: clandestine cold war era agreements with Washington that obligated Japan to shoulder the costs of United States bases and allow nuclear-armed American ships to sail into Japanese ports.
      
    For decades, Japanese leaders have gone to great lengths to deny the pacts’ existence, despite mounting proof to the contrary from the testimony of former diplomats and declassified documents in the United States. The most sensational instance came in 1972, when a reporter who unearthed evidence of one of the treaties was arrested on charges of obtaining state secrets, reportedly by means of an adulterous affair.
     
    Now, the so-called secret treaties are causing problems again, this time in how Japan is handling its suddenly rocky relationship with the United States. 
      
    What’s Behind the Toyota Bashing?
    Feb. 12, 2010 (EIRNS)—Japanese and U.S. sources have indicated to EIR that the Toyota recall of millions of cars (mostly in the U.S.A.), and the massive media campaign to demonize Toyota, may be at least in part the result of a conscious effort to undermine, or even destroy, Toyota’s U.S. operations, for refusing to support efforts to bailout worthless debt instruments. Japanese sources said that it was widely believed by knowledgeable people in Japan that there is an effort to undermine Toyota, but that the Japanese press won’t report it. Today, however, the Korea Herald reported it :
     
    The world’s most dominant and profitable automaker’s recall of over 8.5 million cars has spiraled out of control. At first, it seemed to be a normal recall of defective cars. But the crisis Toyota Motor Corp. faces has surpassed the purely ‘business’ level to involve political and geopolitical dimensions. Many observers suspect something other than safety concerns behind the harsh response of the United States to Toyota’s recall. To former Kia Motors chairman Kim Sun-hong, the U.S. reaction to the Toyota problem is an act of ‘killing the chickens to scare the monkeys.’
     
    The Herald explains this Chinese proverb as a reference to the
     
    … cruel yet effective tactic of killing one to tame a hundred: As monkeys misbehave in the treetops, annoyed humans violently kill chickens in front of the monkeys. From fear, the monkeys get silent and tamed.

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February 16, 2010 Posted by | Economics, GeoPolitics | , , , | Comments Off

US, China And The Dalai Lama!

  • The Dalai Lama  is an agent of the CIA! Listen to Webster Tarpley! Tarpley gives a concise history of Tibet.

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February 16, 2010 Posted by | GeoPolitics | , | Comments Off

US Banks Facing $1.4 Trillion Crisis Over Commercial Property Loans!

  • America is out of the woods and into the furnace. Do we really believe the government propaganda, that the economy is growing? Yeah right, pigs can fly! The 2nd phase of the real estate collapse is upon us. It is very much bigger than the sub-prime crisis. Together with the resetting of the ARMs, the commercial real estate collapse is going to bankrupt even more banks. As many as 3000 banks will go under instead of the 500+ mentioned by the FDIC. The Guardian UK reports:
      
    America’s fragile high street banks are bracing themselves for a fresh financial crunch as a wave of commercial property mortgages go sour on offices, shops and factories, causing losses of up to $300bn (£192bn) hitting nearly 3,000 small- and medium-sized financial institutions.
     
    A congressional oversight panel charged with scrutinising the
    Obama administration‘s bailout efforts has warned that $1.4tn of loans covering commercial premises will reach maturity between 2011 and 2014. After a plunge in property prices, nearly half of these loans are underwater, with borrowers owing more than their underlying property is worth.
     
    An analysis by the panel found that 2,988 of America’s 8,100 banks have potentially dangerous exposure to
    commercial property loans. The impact could damage hopes of a US economic recovery and could cause a further squeeze in the availability of credit to consumers and businesses.
     
    “Are we arguing that this is a serious problem that we need to get in front of? The answer is yes,” said Elizabeth Warren, chairman of the oversight panel. “It’s like throwing a handful of sand into the economic recovery.” She said that if banks see that their commercial property liabilities are mounting, they will hold back on lending elsewhere: “They’ll tend to husband their money so that it’s not available for small business loans.”
     
    Although Wall Street banks have made a swift recovery as shares and bond markets look ahead to a long-term economic recovery, prospects remain cloudy for small-town institutions in the US heartland, hit by ongoing credit card defaults and unemployment among customers. Last year, 140 US banks failed and had to be rescued by federal regulators. Already this year, 16 have been seized by the authorities, a rate that points to a similarly high total in 2010.
     
    Defaults on residential mortgages played a key role in sparking the original global
    financial crisis as hundreds of thousands of US homes went into foreclosure and Wall Street panicked over the diminishing value of complex mortgage-backed securities. Commercial property loans have taken longer to go sour but are emerging as a slow-burning problem.
     
    Many of the problematic commercial mortgages were written at the peak of the property boom. Since then, the economic downturn has caused small businesses to fail, with shops and offices falling vacant. A rising unemployment rate reflects less need for space by companies.
     
    “You have declining values, rising vacancy rates and a decline in renewals on leases,” said Bert Ely, an independent US banking analyst. “In some markets, new commercial real estate is still coming on line as construction projects finish up.”
     
    He said the issue was particularly acute for regional banks that specialise in lending to local businesses: “Relatively speaking, it’s a bigger problem for smaller banks than larger ones. The larger banks tend to be a little bit more diversified in their loans.”

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February 16, 2010 Posted by | Economics | , , , , , , | Comments Off

Germany Growls As Greece Balks At Immolation!

  • Will they bailout, or won’t they? Either way the EU is screwed! Germany and France should get out of the EU for their own sake. No country has the finances to bailout the PIIGS. Germany and France will only go down the path of bankruptcy and default should they opt for the bailout route. Having said this, they will also suffer when Greece collapses because of their banks’ US$119 billions of exposure . The Dutch are doing the smart thing. The Telegraph UK reports:
      
    The EU has issued a political pledge to rescue Greece – and by precedent, all Club Med – without first securing a mandate from the parliaments of creditor nations.
     
    Holland’s Tweede Kamer has passed a motion backed by all parties prohibiting the use of Dutch taxpayer money to bail out Greece, either through bilateral aid or EU bodies. “Not one cent for Greece,” was the headline in Trouw. The right-wing PVV proposed “chucking Greece out of EU altogether”.
      
    Germany’s Bundestag has drafted an opinion deeming aid to Greece illegal. State bodies may not purchase the debt of another state, in whatever guise.
     
    The EU is entering turbulent waters by defying these irascible and sovereign bodies. It had no choice, of course. Europe’s banking system was – and is – at imminent risk as Greek contagion spreads across Club Med. The danger of a “sovereign Lehman” setting off a chain reaction is very real, with Britain too in the firing line. I find myself in the odd position of backing drastic EU action, for fear of worse. We all go down together if this escalates.
     
    The last two weeks have cruelly exposed the Original Sin of monetary union: that EMU was launched without an EU treasury or debt union. This will be tested again and again by bond vigilantes until such a mechanism is created. Europe’s hope of fending off markets with “constructive ambiguity” must fail, as will become obvious this week if EU finance ministers fail to flesh out rescue details.
     
    German Chancellor Angela Merkel did not look happy as reporters reminded her of the Bundestag’s injunction when she announced that Greece would be saved from the wolves. The Frankfurter Allgemeine summed up German feelings when it asked why taxpayers should bail out a country that thinks it an outrage to raise the retirement age to 63. “Should Germans have to work in the future until 69 instead of 67 so that Greeks can enjoy early retirement?”
     
    No wonder Mrs Merkel refused to discuss details of a rescue in Brussels, let alone offer hostages to fortune. Yet if she blocks Europe’s leap to fiscal union at this fateful moment, she dooms monetary union to failure. Such is the Hobson’s Choice that has awaited Berlin ever since Maastricht.
     
    Global bond markets are watching in fascination. They spotted the contradiction in last week’s message: that Greece will not be left to default; yet aid is conditional on full Greek compliance. So what if Greece does not – or cannot – comply?
     
    It is a fair bet that China’s reserve fund (SAFE) will not invest a single yuan of its $2.4 trillion stash on Greek or Club Med bonds until this ambiguity is replaced by a clear guarantee. We can deduce this from events last year when SAFE liquidated holdings of Fannie Mae and other US agency bonds because they lacked explicit backing from Washington. It switched to US Treasuries. Russia did likewise, though at a more delicate moment in the crisis, and with hostile intent, according to Hank Paulson’s memoirs.
     
    The US Federal Reserve averted a mortgage bloodbath by purchasing $1.5 trillion of housing debt. Who will do this for the Greek state, or for Italy? The European Central Bank is banned by the Treaties from buying EMU sovereign debt.
     
    Europe’s leaders still refuse to face the awful truth: that monetary union is unworkable as constructed. That different labour markets, different sensitivities to interest rates, different economic structures, have caused the gap between North and South to grow ever wider; that a chunk of Europe is priced out of EMU by 30pc, has swung from boom to bust, and is on the cusp of a debt-deflation spiral. Spanish unions have accepted a 1pc pay deal this year, only to be undercut by reports that Germany’s IG Metall may accept zero. Must Spain slash wages to close the gap? What would that do to a country with 19pc unemployment and total debt near 300pc of GDP?
     
    It is easier to restrict talk to Greece, to insist that Athens cuts it deficit by 4pc of GDP this year even as the slump grinds deeper – an ‘IMF-style’ austerity package, without the IMF cure of devaluation. Can such a policy can work with public debt nearing 125pc of GDP this year? It may tip Greece into a debt-compound trap and prove self-defeating. But there is a broader point. If every Club Med state – plus Britain soon, and France – squeeze fiscal policy at the same time they may bring about Phase II of our depression.
     
    Greek premier George Papandreou is already chafing in any case. His country has become a “guinea pig”. Rival EU factions are “playing doctor” and pursuing their own agendas. Brussels was complicit from the start in Greece’s tragedy, he told his cabinet, and has since “created a psychology of looming collapse, that risked becoming self-fulfilling”.
     
    Does this sound like a man ready to immolate his country to please Germany.

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February 16, 2010 Posted by | Economics | , , , , , , , , , | 2 Comments

Spanish Intelligence Probing Debt “Attacks”!

  • The public do not understand that war has begun. The Illuminati banksters are now attacking countries financially. These attacks are even worse than military attacks. Their intention is to bankrupt the world and then goto World War. These sociopath have no conscience. These banksters do not care about the pain and suffering brought on by their actions. Their plan is to drive the world to their New World Order, Global Fascist Police State, One World Government, One World Central Bank, One World Currency –> ’666′ . Do not be naive. Take cover and play safe with your investments. Goto hard assets like precious metals. Gold does not have any counter-party risks. Reuters reports:
     
    Spain’s intelligence services are investigating the role of investors and media in debt market turbulence over the last few weeks, El Pais reported on Sunday.
      
    Citing unnamed sources, El Pais said the National Intelligence Centre (CNI) was looking into “speculative attacks” on Spain following the Greek debt crisis. “The (CNI’s) Economic Intelligence division…is investigating whether investors’ attacks and the aggressiveness of some Anglo-Saxon media are driven by market forces and challenges facing the Spanish economy, or whether there is something more behind this campaign,” El Pais said.
     
    Officials at the CNI were not available for comment. The report comes days after Public Works Minister Jose Blanco protested “somewhat murky manoeuvres” were behind financial market pressure on Spain. “None of what is happening in the world, including the editorials of foreign newspapers, is coincidental or innocent,” Blanco said.
     
    Economists have cast doubt on forecasts that Spain’s economy will grow by some 3 percent by 2012, on which the government has based predictions it will cut back on its gaping budget deficit. Some economists have said Spain’s deficit could be more of a threat than Greece to the euro, the common currency of 16 European countries.
     
    Spain’s deficit has soared to 11.4 percent of its gross domestic product amid its deepest recession in decades, but the government has pledged to cut the gap back to a eurozone limit of 3 percent by 2013 by cutting 50 billion euros in spending.
     
    Markets doubt that Spain will be able to cut back drastically on spending with unemployment running at 20 percent and a big slice of the budget in the hands of fiercely independent regional governments.

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February 16, 2010 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 10 Comments

Jim Sinclair: Rogue Banksters Attacking Countries! We are in a Financial War!

Legendary Gold Maestro: Jim Sinclair

  • Mr Gold: Jim Sinclair explains the rogue financiers who are attacking countries. The world is in a financial war! These sociopaths  have started with Iceland and are now attacking Greece. It is a matter of time before they begin their attack on the rest of the PIIGS, UK, Japan and America. These banksters have no loyalty to any country and would willingly ‘put their mothers in the microwave for the right price!’ . Their plan is for a One World Currency. They stand to gain trillions of dollars by destroying countries. KingWorld News reports:
     
    Legendary Jim Sinclair known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70’s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration. In this interview Jim discusses the wreckless actions of an out of control banking system and also shares information that has never before been broadcast to the public, the gold market, criminal banking syndicates, their control of markets and governments as well as the fact that they are sociopaths, these sociopaths out of control and are now attacking countries – not just companies, loss of confidence in currencies, the problems in Greece, the fact that many states are bankrupt, bankruptcy of the system, why the little guy gets hurt, Bert Seligman & Jesse Livermore, JP Morgan’s appeal to Jesse Livermore, and more. 

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February 16, 2010 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

   

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