Socio-Economics History Blog

Socio-Economics & History Commentary

But He Was Wounded For Our Transgressions …

And by His stripes we are healed. Source : The Crucifixion, by Vouet, 1622, Genoa

  • Happy Good Friday! Isaiah 53
        
     1 Who has believed our report?
          And to whom has the arm of the LORD been revealed?
           2 For He shall grow up before Him as a tender plant,
          And as a root out of dry ground.
          He has no form or comeliness;
          And when we see Him,
          There is no beauty that we should desire Him.
           3 He is despised and rejected by men,
          A Man of sorrows and acquainted with grief.
          And we hid, as it were, our faces from Him;
          He was despised, and we did not esteem Him.
           4 Surely He has borne our griefs
          And carried our sorrows;
          Yet we esteemed Him stricken,
          Smitten by God, and afflicted.
           5 But He was wounded for our transgressions,
          He was bruised for our iniquities;
          The chastisement for our peace was upon Him,
          And by His stripes we are healed.
           6 All we like sheep have gone astray;
          We have turned, every one, to his own way;
          And the LORD has laid on Him the iniquity of us all.
           7 He was oppressed and He was afflicted,
          Yet He opened not His mouth;
          He was led as a lamb to the slaughter,
          And as a sheep before its shearers is silent,
          So He opened not His mouth.
           8 He was taken from prison and from judgment,
          And who will declare His generation?
          For He was cut off from the land of the living;
          For the transgressions of My people He was stricken.
           9 And they[a] made His grave with the wicked—
          But with the rich at His death,
          Because He had done no violence,
          Nor was any deceit in His mouth.
           10 Yet it pleased the LORD to bruise Him;
          He has put Him to grief.
          When You make His soul an offering for sin,
          He shall see His seed, He shall prolong His days,
          And the pleasure of the LORD shall prosper in His hand.
           11 He shall see the labor of His soul,[b]and be satisfied.
          By His knowledge My righteous Servant shall justify many,
          For He shall bear their iniquities.
           12 Therefore I will divide Him a portion with the great,
          And He shall divide the spoil with the strong,
          Because He poured out His soul unto death,
          And He was numbered with the transgressors,
          And He bore the sin of many,
          And made intercession for the transgressors.

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April 2, 2010 Posted by | History | | Comments Off

Wall Street Cabal Seen Derailing Serious Swap Reform!

  • The Illuminati bankster snakes own Wall Street and the US government. Who financed Obama the most? Wall Street. Snakes talk with fork tongue. Officially, they will appear to support such a bill, to regulate their business, about unofficially they will make sure it is still born. They wield so much power over America that I doubt any such bill will see the light of day. Reuters reports:
      
    A major crisis is building in the derivatives market yet a cabal on Wall Street is blocking the formation of a clearing house that could stop the next financial meltdown, a senior official with the Kauffman Foundation said on Tuesday.
     
    The need for disclosure in the swap markets is enormous, yet the will to act is missing because of a small cadre of special interests, said Harold Bradley, who oversees almost $2 billion in assets as chief investment officer at Kauffman.
      
    “There is no incentive from the moneyed interests in either Washington or New York to change it,” Bradley told the Reuters Global Exchanges and Trading Summit in New York. “I believe we are in a cabal. There are five or six players only who are engaged and dominant in this marketplace and apparently they own the regulatory apparatus,” he said. “Everybody is afraid to regulate them.”
     
    U.S. and European officials are trying to craft new rules to regulate the $450 trillion private derivatives market in broad efforts to avoid another financial crisis. Policy-makers generally agree that most standardized derivatives should be traded on exchanges or cleared through a clearinghouse, which would assume the risk of a default.
      
    Bradley said those efforts fall short. There needs to be a national market system for fixed income and credit with displayed prices and the posting of open interest and market positions, he said. Instead, he said regulators have found a boogeyman in high-frequency trading, which has taken the focus off the highly levered derivatives market. After falling in 2008, the nominal value of derivatives is now greater than ever at about $204.3 trillion, according to Ned Davis Research Inc.
       …..
    Fears that high-frequency trading could spark the next market meltdown are unfounded, Bradley and other speakers at the summit said. “We’re going to talk about high-frequency trading instead of the flash points that set off nuclear bombs around our financial markets,” Bradley said, referring to the ever-expanding and loosely regulated market for derivatives.

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April 2, 2010 Posted by | Economics | , , , , , | Comments Off

Marc Faber: Treasury Prices Will Collapse as Inflation Soars!

  • The treasury bubble will burst sooner or later. Much like in the late 70s and early 80s, treasuries will go from 4% to over 14+%. Gold then rocketed higher to US$875 (1980). MoneyNews.com reports:
     
    Treasury bond prices will collapse, sending yields up to a range of 10 percent  to 20 percent during the next five to 10 years, as inflation and supply explode, says investment guru Marc Faber.
     
    Treasuries have performed well so far this year, with the 10-year yield dipping to 3.64 percent from 3.85 percent at the end of 2009. But with the Federal Reserve printing money like it’s going out of style, and the government issuing trillions of dollars in new bonds to fund the mushrooming debt burden, that rally will soon end, said Faber, editor of  “The Gloom, Boom & Doom Report.”
     
    “I still think that Treasuries are overpriced,” he told CNBC. Money printing represents a silent way for governments to default on their debt, Faber recently wrote. When a government openly defaults on its debt, the workout process is reasonably equitable, with generally receiving 30 to 80 cents back on the dollar, he says.
     
    “But if a government decides to default through money printing, the burden of the default isn’t shared equally,” he wrote. Holders of that nation’s currency get hit worst, and that’s what will happen to dollar holders, Faber says. The situation will push inflation-adjusted short-term interest rates below zero, he predicts.
     
    While Faber is bearish on Treasuries, the Fed’s easy monetary policy has made others bullish. “The Fed meeting has boosted expectations that it will ease for a while, which is great for Treasuries,” Satoshi Okumoto of Fukoku Mutual Life Insurance told Bloomberg.
     

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April 2, 2010 Posted by | Economics | , , , , , , , | 1 Comment

Alex Newman Reports: Mumbai Terrorist Was US Agent !

  • The Mumbai terrorist attack was a job by American Neocons likely with Mossad help. It was an excuse to start the war against Pakistan, The Illuminists are setting up the world for a Third World War. They need to divide the South Asia continent into 2 warring faction and use it as leverage against China in the coming war. They wish to fight against China using India as a proxy!
     
    Mumbai Terrorist Was US Agent
    After terrorist conspirator and “former” U.S. government agent David Coleman Headley received promises of leniency and extradition protection from American prosecutors for his role in the 2008 Mumbai massacre, speculation about his true masters was set ablaze as outrage erupted across India.
     
    Headley — a former Drug Enforcement Administration agent and the son of a Pakistani diplomat — pled guilty to various criminal charges on March 18 in connection with his terrorist activities in India, Pakistan and Denmark. He is reportedly “cooperating” with investigators.
     
    In exchange, the government vowed not to allow foreign authorities to question him or subject him to trial. Prosecutors also agreed not seek the death penalty, and he may not even serve a life sentence. Links to U.S. intelligence agencies will remain classified. And his guilty plea ensures that there will be no drawn-out trial that could publicly reveal any relationships with various intelligence agencies — most notably, the Central Intelligence Agency-linked Pakistani Inter-Services Intelligence.
     
    Headley
    admitted in the plea bargain that he helped plan the bloody massacre by conducting surveillance and selecting targets, gathering GPS coordinates for the terrorist team’s boat landing along the coast, and more. He was also helping to plan an attack on a Danish cartoonist. And while the Federal Bureau of Investigation was given almost 10 hours to question the only surviving attacker in India, a team of Indian investigators who traveled to the U.S. to interrogate Headley was turned away.
     
    The plea deal and the lack of American cooperation immediately sparked fury and despair in India, as the U.S. is
    reportedly bound by treaty to surrender Headley to Indian authorities. It also fueled accusations in the media that Headley still may have been linked to the American or Pakistani governments in some capacity. He began his terrorist training around the time that he was working for the U.S. government. But the connections, however, remain shrouded in mystery.
     

      …. click here to continue reading!

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April 2, 2010 Posted by | GeoPolitics, History | , , , , , | 1 Comment

   

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