Professor Chossudovsky: US Will Start WW3 By Attacking Iran !

• Iran is not a threat to global or middle east security! This is all about oil and the New World Order. The Illuminati need to have the means to control China. They need to control oil for this. By conquering Iran, China and the whole of Asia will be under their control. Once China is conquered, they will turn their eyes on Russia. Both the Russians and Chinese know this and they are preparing for this war. World War 3 is unavoidable! Professor Chossudovsky tells the truth. See also:
   
  Ex. British Military: The Illuminati Plans World War 3 in 18 – 24 Months!
  Lindsey Williams: Reality Disk 3. World War Planned After 2 Years. It Will Be Triggered In The Middle East!
  Russia Warns US Against Military Strike On Iran !
  Russian Chief of Staff: US Plans To Strike Iran !
  Webster Tarpley: Establishment Will Blackmail Obama Into Attacking Iran!
  Bob Chapman: The Illuminati Engineered This Sovereign Debt Crisis To Bankrupt Nations. The End Game is War, Depopulation, World Government And One World Currency !
   2010: U.S. To Wage War Throughout The World!
  Illuminati: The Hidden Agenda for World Government!
  The United Nations and The Occult Agenda. The Coming One World Religious System!
  Lindsey Williams: What The Illuminati Elite Plan For 2010 and 2011!
  Lindsey Williams: What Will Happen To America in 2010!
  Lindsey Williams: Hope Disk 2. Within 2 Years The Dollar Will Be Worthless. Gold And Silver Are The Currencies Of The Elite!
  Lindsey Williams: Tragedy Disk 1. The Illuminati’s Plan For The Next 2 Years!
  Lindsey Williams: 30%-50% Dollar Devaluation in 12 Months!
  Deep Underground Military Bases (D.U.M.B.)
  ‘Doomsday’ seed vault opens in Norway

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Charles Ortel: Risks of U.S. Default Are Very Real !

• The Feds will print money out of thin air increasingly to monetize their debts. Foreign buyers are turning away from US treasuries. This will be a stealth default via inflation. It means currency debasement and inflation is a silent tax on savings. So, it punishes the prudent and savers but rewards the profligate. Yahoo Finance reports:
    
  With America facing $1 trillion annual deficits and debt-to-GDP ratios on par with those of Europe’s so-called PIGS, some are asking what was once unthinkable: Is the U.S. at risk of defaulting on its debt?
   
  Earlier this week, Nobel-prize winning economist Joseph Stiglitz told Tech Ticker the U.S. “has absolutely no real problem servicing the debt at the current level”; meanwhile, Treasury Secretary Tim Geithner recently said America will “never” lose its vaunted triple-A credit rating after Moody’s suggested it was a possibility if we don’t get our fiscal house in order.
   
  Take a hard look at America’s balance sheet and “you have to be concerned,” says Charles Ortel, managing director of Newport Value Partners. Total gross U.S. debt is now $50 trillion or 12 times the nation’s total gross income, according to Ortel, whose debt calculation excludes unfunded mandates such as Social Security and Medicaid but does include corporate debt which he says are “potentially eligible for bailouts.”
   
  Furthermore, Ortel says the Federal Reserve overestimates U.S. household net worth, because most of the “asset” side of the ledger is based on real estate valuations he says are overinflated. “A strict, hard look at the national net worth statement will tell you that our assets are lower than you think and our debt is higher than you think,” he says.
   
  While the risk of an imminent U.S. default remains low, Ortel says the U.S. is facing a “crisis of confidence” among global investors and recommends credit default swaps on U.S. Treasuries. Ortel made a similar recommendation to clients back in August 2008. The price of those instruments rose in value during the second half of 2008 and early 2009, then declined as the crisis abated. But sovereign CDS have risen again in value in the wake of debt crises in Dubai and Greece, and Citigroup notes U.S. swap spreads have widened at the second-fastest rate since Jan. 1, trailing only the euro zone.

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GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!

It ain't pretty and much worse than Greece!

• To sift through the paid for propaganda from the western MSM, we need to goto objective reports. One such report is the GEAB series which I have found to be quite good. It tells the facts straight up. No exaggeration or painting an optimistic beautiful lie. Is the world really out of the woods? Not by a long shot! GEAB N°42 reports:
    
  GEAB N°42 is available! Second half of 2010: Sudden intensification of the global systemic crisis – Strengthening of five fundamental negative trends.
   
  LEAP/E2020 is of the view that the effect of States’ spending trillions to « counteract the crisis » will have fizzled out. These vast sums had the effect of slowing down the development of the systemic global crisis for several months but, as anticipated in previous GEAB reports, this strategy will only have ultimately served to clearly drag States into the crisis caused by the financial institutions.
   
  Therefore our team anticipates, in this 42nd issue of the GEAB, a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily « frozen » in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years.
   
  As a matter of fact, in February 2010, a year after us stating that the end of 2009 would mark the beginning of the phase of global geopolitical dislocation, anyone can see that this process is well established: states on the edge of bankruptcy, remorseless rise in unemployment, millions of people coming to the end of their social security benefits, falling wages and salaries, limiting of public services and disintegration of the global governance system (failure of the Copenhagen summit, growing Chinese/US confrontation, return of the risk of an Iran/Israel/USA conflict, wars worldwide… (1)). However, we are only at the start of this phase for which LEAP/E2020 will supply a likely timeframe in the next GEAB issue.
   
  The sudden intensification of the global systemic crisis will be characterised by the acceleration and/or strengthening of five fundamental negative trends:
   
  . the explosion of the bubble in public deficits and a corresponding increase in state defaults
  . the fatal impact of the Western banking system with mounting debt defaults and the wall of debt coming to maturity
  . the inescapable rise in interest rates
  . the increase in issues causing international tension
  . a growing social insecurity.
   
  In this GEAB issue our team expands on the first three trends of these developments including an anticipation on Russia’s position in the face of the crisis, as well as, of course, our monthly suggestions.
   
  In this public announcement, we have chosen to analyse the « Greek case », on the one hand because it seems indicative of what 2010 has in store for us, and on the other because it is a perfect illustration of the way in which news and information on the world crisis is moving towards « make-believe news » between blocs and interests which are increasingly in conflict. Clearly it is a « must » to learn how to decipher worldwide news and information in the months and years to come which will be a growing means of manipulatory activity.
   
  
  The five characteristics which make up the « Greek case » into the tree with which one tries to hide the forest
   
  Let’s take a look at the « Greek case » which has concerned the media and experts for several weeks now. Before entering into the detail of what is happening, there are five key points to our anticipation on the subject:
   
  1. As we stated in our anticipations for 2010, which appeared in the last GEAB issue (GEAB N°41, the Greek problem will have disappeared from the international media’s radar several weeks from now. It is the tree used to hide both a forest of much more dangerous sovereign debt (to be precise that of Washington and London) and the beginning of a further fall in the world economy, led by the United States (2).
   
  2. The Greek problem is an internal issue for the Eurozone and the EU, and the current situation provides, at last, a unique occasion for the Eurozone leaders to require Greece (a case of « failed enlargement » since 1982) to leave its feudal political and economic system behind. The other Eurozone countries, led by Germany, will do the necessary to make Greek leaders bring their country into the XXIst century in exchange for their help, at the same time making use of the fact that Greece only represents 2.5% of Eurozone GDP (3) to test the stabilisation mechanisms that the Eurozone needs in times of crisis (4).
   
  3. Ango-Saxon leaders and media are using the current situation (just like last year with the so-called banking tsunami coming from Eastern Europe which was going to carry the Eurozone away with it (5)) to hide the catastrophic progression of their economies and public debt and attempt to weaken the attractiveness of the Eurozone at a time when the USA and the United Kingdom have increasing difficulty in attracting the capital which they so desperately need. At the same time Washington and London (which, since the coming into effect of the Lisbon Treaty is completely excluded from any management of the Euro) would be overjoyed to see the IMF, which they control completely (6), brought into Eurozone management.
   
  4. Eurozone leaders are very happy to see the Euro fall to 1.35 against the Dollar. They well know that it won’t last because the current problem is the fall in the value of the Dollar (and the Pound Sterling), but they appreciate this « whiff of oxygen » for their exporters.
   
  5. The speculators (hedge funds and others) and banks heavily involved with Greece (7), have a common interest in trying to bring about rapid Eurozone financial support for Greece, since otherwise the rating agencies will, unintentionally, pull a fast one on them if the Europeans refuse to dig into their pockets (like the scandalous actions of Paulson and Geithner over AIG and Wall Street in 2008/2009): indeed a lowering of Greece’s rating will plunge this small world into the throes of serious financial losses if, for the banks, their Greek loans are similarly devalued, or if their bets against the Euro don’t work out in due course (8).
   
  Goldman Sachs’ role in this Greek tragedy… and the next sovereign defaults 
    
  …  In this phase of the global systemic crisis, the role of the « bad guy » is usually played by one of Wall Street’s big investment banks, in particular by the leader of the gang, Goldman Sachs. The « Greek case » is no different as indeed this New York investment bank is directly implicated in the budgetary conjuring tricks which allowed Greece to qualify for Euro entry, whilst its actual budget deficits would have disqualified it. In reality it was Goldman Sachs who, in 2002, created one of its cunning financial models of which it holds the secret (9) and which, almost systematically resurfaces several years later, to blow up the client. But what does it matter, since GS (Goldman Sachs) profits were the beneficiary!
   
  In the Greek case what the investment bank proposed was very simple: raise a loan which didn’t appear in the budget (a swap agreement which enabled a ficticious reduction in the size of the Greek public deficit (10). The Greek leaders at the time were, of course, 100% liable and should, in LEAP/E2020’s opinion, be subjected to Greek and European political and legal process for having cheated the EU and their own citizens within the framework of a major historic event, the creation of the single European currency.
   
  But, let’s be clear, the liability of the New York investment bank (as an accomplice) is just as great, especially when one is aware of the fact that Goldman Sachs’ vice-president for Europe was, at the time, a certain Mario Draghi (11), currently President of the Italian Central Bank and a candidate (12) to succeed Jean-Claude Trichet at the head of the European Central Bank (13). 
    …..
  With this same logic, on the issue of transparency in financial activities and state budgets and using the ill-fated role of Goldman Sachs and of the large investment banks in general as an illustration, LEAP/E2020 takes the view that it would be beneficial for the European Union and its five hundred million citizens, to exclude former managers of these investment banks (19) from any post of financial, budgetary and economic control (ECB, European Commission, National Central Banks). The mixing of these relationships can only lead to even greater confusion between public and private interests, which can only be to the detriment of European public interests. To begin with, the Eurozone should immediately require the Greek government to stop calling on the services of Goldman Sachs which, according to the Financial Times of 01/28/2010, it still uses. 
    …..
  To conclude, our team suggests a game to convince those who seek where the next sovereign debt crisis will surface: simply look for those states which have called upon Goldman Sachs’ services in the last few years and you will have a serious lead (21)!  
   
   
  

  2008 comparison of the deficits and Eurozone GDP of Portugal, Ireland, Greece, Spain, France and Germany – Source: Der Spiegel / European Commission, 02/2010

• See also:
   
  GEAB N°41: The Decade 2010 – 2020, Towards A Knockout Victory By Gold Over The Dollar!   
  GEAB N°40: Growing Sovereign Debt Default Risk Will Drive Central Banks Toward Gold!
  Global Systemic Crisis: In pursuit of the Impossible Economic Recovery !
  GEAB: China’s Great Escape from the Dollar Trap !

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Bob Chapman: The Illuminati Engineered This Sovereign Debt Crisis To Bankrupt Nations. The End Game is War, Depopulation, World Government And One World Currency !

• Bob Chapman on The Sovereign Economist radio talk show on 17 Feb 2010. Key points:
   
  - This is an Illuminati engineered crisis to bankrupt nations and goto war. The endgame is a world government, global fascist police state.
   
  - A global central bank and one world currency are planned.
  - Greece is but the beginning of more sovereign debt defaults.
  - America will face a devaluation of the USD in 1-1.5 years time.
   
  - The Illuminati elites are planning a meeting like the one  in the early seventies where currencies will all revalue and devalue against each other. Debts will be settled or defaulted. Some countries may have to take a 66% write down of the debts.
   
  - They will attempt to form an international trading union.
  - The world elite have some nasty plans for the planet , and they won’t hesitate to get rid of 60% to 80% of world population through manufactured viruses diseases and wars.
   
  - Greece and Dubai affairs are precursors to some big changes unfolding in the coming few years. And many more issues….

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Britain At Risk Of Worse Deficit Crisis Than Greece!

• Greece is peanuts compared to Britain, Japan and the US. This sovereign debt default problem is not going away. The current noise over Greece in the MSM are all engineered by insiders. I am quite sure they have made billions over this past few weeks shorting the Euro and long the USD. The problem with Greece and the PIIGS have been known for quite some time. Why did the MSM make such a fuss over it recently? Who owns the western banks and the MSM? The same 2 Illuminati families.
   
• This sovereign debt crisis will keep rotating from 1 country to another. The end point is the US and a total global financial, economic and monetary collapse, Thereafter, world war will follow. The Telegraph UK highlights UK’s problems:
   
  Britain is at risk of a Govenment deficit crisis worse than that of Greece, sparking serious fears over the economic stability of the country.
    
  In surprise news which sent the pound sliding on Thursday, official figures showed that the Government borrowed £4.3 billion last month. It was the first time since 1993 that the public finances had gone into the red in January – a month in which tax revenues usually push the Exchequer into the black.
    
  Economists said that the scale of the shortfall in the budget could this year mount to above £180 billion – higher than even the Chancellor’s forecast of a record £178 billion. Such a deficit would, at 12.8 per cent of British gross domestic product, be even greater than the deficit faced in Greece, which is facing a full-scale fiscal crisis and may need to be bailed out by fellow euro nations or the International Monetary Fund.
   
  The public borrowing figures coincided with further bad news from the housing market, as the Council of Mortgage Lenders reported that mortgage lending dropped last month by 32 per cent, hitting the lowest monthly total in a decade. The Bank of England also reported a decline in lending to businesses, indicating that the economic slowdown is far from over.
    ……
  Despite growing warnings from economists and business leaders that the size of the deficit poses a grave threat to Britain’s economic future, Labour says public spending should not be cut before 2011/12. In a speech in London today (FRI), the Prime Minister will insist that the Conservatives’ plans to tackle the deficit by cutting spending this year would undermine the recovery.
   
  “Instead of helping a recovery, their hatred of government action would risk the recovery,” Mr Brown will say. “Instead of defending ordinary families, they would kick the ladder of opportunity away from ordinary families.” The Office for National Statistics said the Government had never before had to borrow cash in January, adding that the shortfall meant it had now borrowed some £122 billion this year, equivalent to around £2,000 for every man, woman and child in the country.
   
  The scale of the debt has been far greater than in previous recessions because the recession has brought with it a collapse in tax revenues, particularly from the City, and a sudden increase in social benefits payments to the unemployed and disadvantaged.
   
  Jonathan Loynes of Capital Economics said that although Britain’s national debt was far lower overall than that of Greece, the UK deficit – the rate at which it is borrowing each year – may now be even greater. He said: “With the budget deficit heading towards 13 per cent of GDP this year, and perhaps exceeding that of Greece, it is clear that a more credible plan to restore the public finances to health will be required shortly after the general election to keep the markets and rating agencies at bay.”
   
  A host of economists and businessmen have urged the Government to slash the deficit faster and deeper than it currently plans, with 20 leading academics warning last weekend that without action on the public finances, Britain could face a crippling fiscal crisis. The Conservatives have warned that Britain could sacrifice its top credit rating unless the next Government takes drastic action.
   
  Shadow Chief Secretary to the Treasury, Philip Hammond, said: “These appalling figures – showing the first January deficit on record – illustrate the scale of Labour’s debt crisis. “The Prime Minister must now heed the advice of leading economists and business leaders and set out a credible plan to get the deficit under control, starting this year to put Britain back on her feet. The longer he delays, the more the recovery and our credit rating will be put at risk.”
   
  In the wake of the statistics, Treasury officials spent much of the morning calling round the City, urging major investors not to panic. However, the Government’s cost of borrowing, as signified by the interest rate it pays on its bonds, rose to 4.1 per cent – the highest level in 15 months.
   
  A Treasury spokesman said: “These figures keep us on track to meet our pre-Budget report forecast… the pre-Budget report predicted a sharp decline in self-assessed capital gains tax and income tax receipts paid this financial year, with January being the most important month for these receipts; that fall is evident in today’s figures.”
   
  Owen James of the Centre for Economics and Business Research said: “In the wake of the continuing problems for Greece, international investors are wary of economies with large deficits. Despite the fragile nature of the recovery, Britain must avoid the predatory eyes currently focused on the likes of Portugal, Spain, Italy and Ireland.
   
  “It is imperative that appropriate action to reduce public borrowing is taken by the next government; we are sceptical on whether the pre-election Budget will contain sufficient actions to appease market concerns. Today’s data underlines the need to make clear commitments on future policy.” James Knightley, an economist at ING Financial Markets said: “Given the concerns about public deficits around Europe at the moment, this could put the UK back in the spotlight.”
   
• See also:
   
  Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
  Europe’s Exposure To ‘PIGS’ Problem!
  Niall Ferguson: A Greek Crisis Is Coming To America!
  Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse!
  Spanish Intelligence Probing Debt “Attacks”!
  Fears Rise of Euro Government Default !
  Greece ‘Dress Rehearsal’ For U.S.!
  20 Reasons Global Debt Time Bomb Explodes Soon!
  John Mauldin: Greeks Bearing Gifts!
  Niall Ferguson: Others Will Follow Greek Debt Tragedy!
  Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis!
  S&P Threatens Japan Downgrade!
  Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
  The Global Debt Bomb!
  Godfrey Bloom: End of National Sovereignty & The Beginning of Global Servitude !
  Greece Debt Default Could Take Eurozone Down With It !
  More and More American States on Budget Brink!
  Is The Euro Headed For A Breakup? ECB Prepares Legal Ground For Euro Rupture As Greek Crisis Escalates!
  GEAB N°41: The Decade 2010 – 2020, Towards A Knockout Victory By Gold Over The Dollar!
  GEAB N°40: Growing Sovereign Debt Default Risk Will Drive Central Banks Toward Gold!
  Global Systemic Crisis: In pursuit of the Impossible Economic Recovery !
  GEAB: China’s Great Escape from the Dollar Trap !
  Eurozone Faces Meltdown Under Sovereign Debt Crisis 2010 !
  Marc Faber: We Are Doomed!
  Dollar Crisis Looms if US Doesn’t Curb Debt !
  Marc Faber: The Next Thing You Need To Worry About Is The PIIGS! Eurozone Sovereign Debt Default Crisis!
  A Global Fiasco Is Brewing In Japan!

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How Iceland Was Bankrupted ! Confessions of An Economic Hitman!

• See also:
   
  Confessions of an Economic Hit Man – John Perkins
  John Perkins: The Secret History of the American Empire
  John Perkins: The CIA & Chiquita Inc Engineered Coup in Honduras?
  The Federal Reserve: Secretive And Incompetent Organization ! The Creature From Jekyll Island.
  History of Money & Fractional Reserve Banking System
  How International Bankers Gained Control of America! 

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