Sovereign Debt Crisis At ‘Boiling Point’, Warns Bank for International Settlements! As Greek Bond Rates Soar, Bankruptcy Looms! Gold Hits New Euro Record as Bank Run Hits Greece!
- The warning by the Bank of International Settlement (BIS) must be taken seriously. The BIS is the privately owned central bank for all central banks. I believe the BIS is owned by the Rothschilds. The Rothschilds are the richest clan in the world. Some say they own half the world. Of course, they are very smart people and work in the shadows, eschewing limelight for real power.
- This sovereign debt crisis is still building. The Greek economy is a mere 3% of the Eurozone. So, even if Greece collapses, the impact is somewhat limited. However, it should be seen as the domino that sets off more dominoes when it collapses. Think PIIGS (Portugal, Ireland, Italy, Greece and Spain) and the not so United Kingdom. Even economic dynamo, Germany, has debt to GDP ratio above 85%. France’s is about 80%. These are horrendous figures. Will the Euro survive? Your guess is as good as mine. My advice is: put your money in physical gold and silver.
Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements
The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy.
“The aftermath of the financial crisis is poised to bring a simmering fiscal problem in industrial economies to the boiling point”, said the Swiss-based bank for central bankers — the oldest and most venerable of the world’s financial watchdogs. Drastic austerity measures will be needed to head off a compound interest spiral, if it is not already too late for some.
The risk is an “abrupt rise in government bond yields” as investors choke on a surfeit of public debt. “Bond traders are notoriously short-sighted, assuming they can get out before the storm hits: their time horizons are days or weeks, not years or decade. We take a longer and less benign view of current developments,” said the study, entitled “The Future of Public Debt”, by the bank’s chief economist Stephen Cecchetti.
“The question is when markets will start putting pressure on governments, not if. When will investors start demanding a much higher compensation for holding increasingly large amounts of public debt? In some countries, unstable debt dynamics — in which higher debt levels lead to higher interest rates, which then lead to even higher debt levels — are already clearly on the horizon.”
Official debt figures in the West are “very misleading” since they fail to take in account the contingent liabilities and pension debts that have mushroomed over recent years. “Rapidly ageing populations present a number of countries with the prospect of enormous future costs that are not wholly recognised in current budget projections. The size of these future obligations is anybody’s guess,” said the report. The BIS lamented the lack of any systematic data on the scale of unfunded IOUs that care-free politicians have handed out like confetti.
As Greek Bond Rates Soar, Bankruptcy Looms
As interest rates on Greek debt rise again, the question facing Europe is no longer whether Athens has the political will to cut spending and raise taxes to curb its gaping budget deficit, but whether Greece will run out of money before it gets the chance to do so. With the rate on 10-year Greek bonds reaching as high as 7.5 percent on Thursday, up from 6.5 just three days ago, the cost of insuring against a Greek default hit a record high.
The message from the market could not be clearer: artfully worded communiqués from Brussels will no longer suffice. To avoid bankruptcy, analysts said, Greece needs a bailout from Europe, and fast. “This is no longer about liquidity; it’s a solvency issue,” said Stephen Jen, a former economist at the International Monetary Fund…
Gold Hits New Euro Record as Bank Run Hits Greece
Gold Prices ticked back from a 12-week high for Dollar investors early Thursday, recording the best London Gold Fix since Jan.12th as the US currency rose against the Euro and global stock markets fell. Shares in Athens lost almost 4% as news broke that Greece’s 4 biggest banks have asked for €17 billion in emergency credit to weather a run on deposits.
Private savers moved €10bn – some 4.5% of total bank deposits – out of the country in Jan. and Feb. according to the Greek central bank.
“[There's] anxiety among wealthy Greeks about keeping assets here, given the increasing uncertainty,” said one private banker to the FT this morning. Euro investors wanting to Buy Gold today saw the wholesale price set at the London Fix hit a fifth record high on the run.
- See also:
U.S. Debt Crisis Startling Facts !
Alert, Euro On Verge of Real Crisis !
Bob Chapman: The United States is Going Bankrupt With 19 Other Countries! This Is A War Against The Illuminati Secret Government!
Sell-off in US Treasuries Raises Sovereign Debt Fears!
The United States Is At A Precipice !
Niall Ferguson: Greek Crisis Will Grip Whole Western World !
Greece Debt Crisis To Trigger Financial Tsunami Across Europe !
Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
Philip Manduca: “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US!
Europe Rocked By Greece, Portugal Debt Fears!
Jim Rogers: Greece Bailout, Euro And EU Future!
This Year US Public Debt Could Reach End Game !
U.S. Is Riskier Than Euro Zone; So Says CDS Market !
Gerald Celente: Great 2010 Crash is Looming !
Bob Chapman: The Illuminist World Economic Collapse Bomb!
MEP: Euro Will Collapse, ‘Pig States’ To Bring EU Down !
ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’!
Moody’s Fears Social Unrest As AAA States Implement Austerity Plans!
Jim Rogers: Social Unrest, Debt Default & Government Corruption!
Marc Faber And Mish Shedlock: We’re Doomed and Washington Can’t Do Anything About It !
Collapse of the American Empire: Swift, Silent, Certain!
Bob Chapman: World Constitution, World Government and World Currency Run by Banksters! The Rise of The ‘Mystery Babylon Whore’ of Revelation 17!
Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Economic Depression and War!
Europe’s Banks Brace For UK Debt Crisis!
Max Kaiser Details The Banking Cartels Financial Criminality in Pillaging Europe!
Riots in Athens as Thousands Protest Against Cutbacks!
Bill Fleckenstein: Greece And UK Are Suffering A Dire Funding Problem That Is Headed For US Shores!
Fitch Warns Britain and Questions Greek Rescue as Sovereign Risks Grow!
Bob Chapman: The Albatross of Sovereign Debt!
Marc Faber: Forget US Stocks, Buy Gold Every Month ‘Forever’!
Bob Chapman: The World is Heading Towards Many Years of Economic Darkness!
Bill Gross: Markets Will Soon Discover How Sovereign Nations Can Go Bust Just Like Companies!
Greece Now, U.K. Next as Scots Ready for Pound Plunge !
Ron Paul: The US Government’s Debt Can Never Be Repaid!
Bob Chapman: Illuminati Banksters’ Final Moves To Bankrupt The World And Push For World Government!
Dennis Gartman: The Euro Is ‘Doomed’ !
Concerns Grow Over China’s Sale of US Bonds!
Doomsday Is Here For The State Of Illinois!
Ron Paul: Chaos in The Streets and Poverty Coming To the USA!
Charlie Munger: Basically, It’s Over! A Parable About How One Nation Came To Financial Ruin!
On the Brink of a Bond Market Apocalypse!
Ron Paul: We Are On The Brink Of A Financial Cataclysmic Event ! We Will Have A Currency Crisis!
GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!
Britain At Risk Of Worse Deficit Crisis Than Greece!
Charles Ortel: Risks of U.S. Default Are Very Real !
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!
end
Israeli PM Calls Off Trip To Nuclear Conference Fearing Israel Would Be Singled Out Over Its Own Nuclear Program!
- Should Zionist Israel be included in the Nuclear Non Proliferation Treaty? Absolutely! No countries should be excluded. Zionist Israel frequently pretends to be under threat of extinction and use it as excuse to invade and attack its neighbours. The simple fact is: Zionist Israel has the 4/5th largest military in the world and is the only nuclear power in the middle east! Its military industrial complex is terrifying. No country in the middle east: Syria, Lebanon, Iran, Egypt … even combined are its match. So, all these talk about Israel being in ‘existential threat’, give me a break from this BS!
- Which country is a threat to world peace ? Here are some answers:
Israeli Israel Shahak wrote in 1997: “Israel clearly prepares itself to seek overtly a hegemony over the entire Middle East…without hesitating to use for the purpose all means available, including nuclear ones.”[33] Zeev Schiff opined in 1998 that “Off-the-cuff Israeli nuclear threats have become a problem.”[34] In 2003 David Hirst noted that “The threatening of wild, irrational violence, in response to political pressure, has been an Israeli impulse from the very earliest days” and called Israel a candidate for “the role of ‘nuclear-crazy’ state.”
….
Two Israel supporters are frequently quoted for their explicit support of the Samson Option. Martin Van Creveld, a professor of military history at the Hebrew University in Jerusalem, has been quoted as saying: “Most European capitals are targets for our air force….We have the capability to take the world down with us. And I can assure you that that will happen before Israel goes under.”
….
In 2002 the Los Angeles Times, published an opinion piece by Louisiana State University professor David Perlmutter in which he wrote: “What would serve the Jew-hating world better in repayment for thousands of years of massacres but a Nuclear Winter. Or invite all those tut-tutting European statesmen and peace activists to join us in the ovens? For the first time in history, a people facing extermination while the world either cackles or looks away–unlike the Armenians, Tibetans, World War II European Jews or Rwandans–have the power to destroy the world. The ultimate justice?”
….
Two influential Israel supporters advocate more active use of the Samson Option threat. Louis René Beres, a professor of Political Science at Purdue University and an Ariel Sharon advisor, recommends Israel use the Samson Option threat to support conventional preemptive attacks against enemy nuclear and non-nuclear assets, discouraging conventional retaliation.[40] Jerome Corsi, a Harvard Ph.D. in political science and author of two books encouraging Israel to use nuclear weapons[41], writes that “Israel’s Samson Option” could be “a preemptive strike against Iran.”
- The Zionist state of Israel is not the Israel of the bible. 80%-90% of modern Jews are Ashkenazi Jews. They are a non-semitic people of the old Khazar empire around the Caucasus mountains.
1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
(1980 Jewish Almanac, p. 3)
The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
The American Peoples Encyclopedia
… for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
- The treatment of the semitic Sephardic Jews, Arab Israelis and Palestinians by the Zionist state of Israel is abhorrent, pure racism and apartheid. Should I support people who oppress my fellow men? Should I support the Synagogue of Satan with their vile and blasphemous doctrine? Absolutely not! I am happy to say not all Jews subscribe to the policies of Zionist state of Israel and many voice opposition to its oppressive policies!
- Breitbar reports :
Israel’s Prime Minister called off his trip to Washington next week to attend a conference on the spread of nuclear weapons, officials in his office said, fearing Israel would be singled out over its own nuclear program. Benjamin Netanyahu had said he would attend the conference to underline the dangers of terrorists acquiring nuclear weapons, but suddenly called off the trip less than two days after he announced he would take part.
Officials in his office said early Friday that Netanyahu reversed himself because some nations planned to use the conference to target Israel over its barely concealed nuclear weapons program. The officials spoke on condition of anonymity because no announcement has been made. In Washington, National Security Council spokesman Mike Hammer confirmed that Israel had informed the U.S. that Netanyahu would be staying home, sending his deputy, Dan Meridor, instead.
The Israeli officials did not name the states thought to be planning to single out Israel, which has not signed the nuclear nonproliferation treaty. Muslim nations—including Egypt, which has a peace treaty with Israel—have often complained about Israel’s nuclear program.
Israel has not admitted to possessing nuclear weapons, preferring a policy it calls “ambiguity.” Based on evidence, international experts have estimated that Israel has dozens, possibly hundreds, of nuclear bombs. The most detailed evidence emerged in 1986, when a former technician at Israel’s main nuclear facility leaked pictures and information to the London Sunday Times. The technician, Mordechai Vanunu, was captured and served an 18-year prison sentence in Israel.
….
For years, Netanyahu has been leading a campaign to publicize Iran’s nuclear program, charging that it is meant to produce nuclear weapons. Israel has called for stiff sanctions against Iran, but at the same time has not taken the option of a military strike against Iranian nuclear facilities off the table. Israel considers Iran a strategic threat because of its nuclear program, ballistic missiles and repeated references by its president, Mahmoud Ahmadinejad, to Israel’s destruction. Iran insists its nuclear program is peaceful.
- See also:
Jimmy Carter: Palestine, Peace Not Apartheid !
Norman Finkelstein: The Truth About Zionism!
Should Christians Support Israel?
Israeli Terrorism Against America !
Zionist State of Israel: Apartheid and Racism!
9/11 Missing Links To Israel
Dr. Alan Sabrosky, Ex-Director of Studies At The US Army War College: The US Military Knows MOSSAD and Traitorous Elements in US Government did 9/11 !
The dark face of Jewish nationalism
Ex-Italian President: 9/11 Was CIA/Mossad Operation
History of False Flag Attack: Operation Northwood and the USS Liberty!
June 8, 1967: USS Liberty Attacked By Israel In International Waters
Dead In The Water – The Sinking of the USS Liberty
Jenin Jenin: The World Is Turning A Deaf Ear To The Genocide of Palestinians by Zionist State Of Israel!
Dr. Norman Finkelstein at the University of Waterloo: We Should Not Be Silent On The Massacre Of The Palestinians By The Zionist State Of Israel!
Gilad Atzmon: To Say NO To Israel Is To Say NO To Racism!’
Jews Against Zionism!
Israel Accused of Ethnic Discrimination After Stripping Palestinians of East Jerusalem Residency !
The Iran Threat in the Age of Real-Axis-of-Evil Expansion!
Bomb, Bomb Iran? US In ‘Same Build-Up To War As To Iraq Invasion’ !
Lavrov: Still NO Proof of Iran’s Nuclear Weapon Decision !
The Construction of the Iran “Threat”: The Iran Versus the U.S.-Israeli-NATO Threats
Wars and Rumours of Wars: Coming Greater Middle East War To Trigger World War 3?
Did Ahmadinejad Really Called for Israel To Be ‘Wiped Off the Map’?
Iran Protests Courtesy of CIA
World Believes in The Same Iraq Style Lies About Iran
Ron Paul: Sanctions on Iran are an Act of War!
Iran FM Plays Down Threat of Pre-Emptive IDF Strike!
Intelligence Agencies Say No New Nukes in Iran
Iran to Completely Drop Dollar from Foreign Exchange!
The Real Reason for the Coming Iranian War: Oil and Pipeline Infrastructure!
Lavrov: No Proof Iran Makes Atomic Bomb!
The Real Reason Why USA & Israel Will Attack Iran!
America and Israel: More Lies, More Deception on Iran!
An Attack on Iran By America and Israel: Gold’s Blast-off?
Israeli, US Army Chiefs Hold Secret Talks on Iran!
Key Facts to Keep in Mind While Opposing War Against Iran!
Former UN Weapons Inspector: United States, Israel Creating Iran Crisis ‘Out of Nothing’.
Iran NOT After Nuclear Weapons, says IAEA Chief!
Ray McGovern: IRAN is IRAQ Part 2 !
Iran vs Israel: What The Media Wants You To Forget !
Iran, IAEA, Another War in the Works !
Iran’s Nuclear Program: Iran Truthful, in Treaty Compliance; US/Israel Lying, in Treaty Violation! False Flag, Lies and Nuclear Bombs!
Liberals and Democrats Will Support the Coming Mass Murder Campaign Against Iran !
Turkish President Erdogan: Focus on Israeli Nukes, not Iran Nuclear Energy Program !
Iran’s Nuclear Facilities: The Facts! Who is Really Destabilizing the Middle East?
Former UN Chief Inspector: There Were NO WMD in Iraq!
end
Bilderberg To Prolong Global Financial Recession For Another Year !
- The Illuminati secret government engineered this depression. The Bilderberg group, Council on Foreign Relations(CFR), Trilateral Commission … are all part of this secret government who rule the western world. These are lower tier organizations that basically execute the plans given to them from above. At the top of this pyramid are the Satanic ‘seed of the serpent’ and fallen angelic beings.
- The feedback from Pastor Lindsey Williams confirms what is stated by Jim Tucker below. They are ‘cracking’ up the economic crisis before allowing it to ‘boom’ calamitously. The plan is build the problem to ginormous proportions and then collapse it. This is the ‘Order Out of Chaos’ crap of the Satanic Skull and Bones society. (Grand-daddy Prescott Bust, Daddy George HW Bush,41st president and George W Bush, 43rd president are all members of this Satanic Yale Skull and Bones society.)
- The methodology is the Hegelian Dialectic: problem, reaction and solution. They create the problem and foist it on the people. The people react predictably and request for a solution. Of course, the solution provided by these Illuminists have been pre-planned. What is coming is a ginormous crisis which will drive the sheeple to a One World Government, Global Fascist Police State. Expect a severe economic depression, wars, famine, disease… leading to a One World Currency and One World Central Bank –>’666′ . Paul J Watson reports:
The Bilderberg Group will meet this year in Spain and continue to advance their agenda for world economic governance while agreeing to prolong the global financial recession for another year, according to Bilderberg sleuth Jim Tucker, who has discovered through his routinely accurate inside sources that the conference will take place from June 3-6.
….
This year’s confab will be similarly secluded, with Bilderberg’s increasing army of police and private security guards on hand to create a lock down of the entire resort
….
This year’s confab will focus around prolonging the global financial recession and creating more economic woe in order to provide the pretext for more regulation in pursuit of world economic governance, according to Jim Tucker’s sources.
“Bilderberg hopes to keep the global recession going for at least a year, according to an international financial consultant who deals personally with many of them. This is because, among several reasons, Bilderberg still hopes to create a global “treasury department” under the United Nations. Bilderberg first undertook this mission at its meeting last spring in Greece, but the effort was blocked by nationalists in Europe and the United States. “Nationalists” (a dirty word in Bilderberg) objected to surrendering sovereignty to the UN,” writes Tucker.
Tucker’s source highlighted a recent speech by French President Nicolas Sarkozy in which he called for a “new global monetary order.” As we have highlighted, such rhetoric has been abundant over the past year, with British Prime Minister Gordon Brown and EU President Herman Van Rompuy repeatedly echoing similar ideas.
As Bilderberg investigator Daniel Estulin revealed during last year’s Bilderberg meeting in Greece, elitists were planning to paint a false picture of economic recovery in order to sucker investors into ploughing their money back into the stock market, which is exactly what has happened with the Dow soaring back to just below the 11,000 level.
Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.
“Bilderberg’s ultimate goal remains unchanged,” writes Tucker. “Turn the UN into a world government with “nation-states” becoming merely geographic references. The European Union is to become a single political entity, followed by the “American Union” and, finally, the “Asian-Pacific Union.” The “American Union” is to include the entire Western Hemisphere, including Cuba and other offshore islands
- See also:
Alex Jones’ ‘Invisible Empire’ New World Order Defined Documentary. The Rise of The Mystery Babylon Whore, Fourth World Empire !
Dark Secrets: Inside The Bohemian Grove! Satanism And The Ruling Elite!
Jesse Ventura: Bilderberg Group, Depopulation and One World Government!
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: Reality Disk 3. World War Planned After 2 Years. It Will Be Triggered In The Middle East!
Ex. British Military: The Illuminati Plans World War 3 in 18 – 24 Months!
Bilderberg’s World Government Agenda Exposed !
Bilderberg Group’s One World Government Objectives!
Daniel Estulin on Bilderberg 2009
Shadowy Bilderberg Group Meet in Greece. Final Plans for World Government ?
Global Crisis – The Plan Towards A One World Government
Crisis as a Means to Building a Global Totalitarian State!
World Bank President Admits Agenda For Global Government
Council on Foreign Relations (CFR) Unveils Global Governance Agenda
Collapse of America to Lead to New World Order?
The Financial New World Order: Towards a Global Currency and World Government
Endgame: Blueprint For Global Enslavement
European Central Banksters Seek World Currency, Total Control
David Icke: The Coming WW III, New World Order, One World Government and Army!
The Tower of Basel: Secretive Plans for the Issuing of a Global Currency!
Bilderberg Group Plans Economic Depression
Salbuchi: Obama-Things Are Not Always What They Seem!
Salbuchi – One World Government and the Collapse of America
Salbuchi – Will It Be World Government? The New World Order!
Salbuchi – Global Financial Collapse
World Bank President Admits Agenda For Global Government
The End of The Dollar And The IMF Takeover
The Financial New World Order: Towards a Global Currency and World Government
The G20 Moves the World A Step Closer to a Global Currency!
New World Order is Emerging – One World Government
Council on Foreign Relations (CFR) Unveils Global Governance Agenda
Collapse of America to Lead to New World Order?
UN & IMF Back Agenda For Global Financial Dictatorship
A World Currency Moves Closer After Geithner’s Slip
Single Global Currency
Towards A One World Currency, One World Central Bank & One World Government !
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