- The way to protect yourself in this coming monetary crisis is to buy physical monetary metals ie: gold and silver. Gold has been the currency of choice for 5000+ years throughout the world, in far-flung empires, cultures and history. People who say that gold is a ‘barbarous relic’ are nitwits. Why should a piece of fiat currency paper be worth more than gold. Fiat currencies are con-jobs by profligate governments. This will be very apparent to the sheeple soon and they will all stampede to gold and silver. The Wall Street Journal reports:
The global economy may be on the verge of a “sovereign debt crisis” following a severe financial crisis, a key member of the European Central Bank’s Executive Board warned Thursday. “We may already have entered into the next phase of the crisis: a sovereign debt crisis,” Juergen Stark said at a Transatlantic Dialogue event in Washington.
The German economist also said risks to the global inflation outlook “seem to be tilted to the upside” given the prospects of a “multi-speed recovery” of the world economy. “There is no doubt that the crisis will leave us a heritage of severe macroeconomic imbalances,” Stark said. “Dealing with them will represent one of the most daunting challenges for policymakers in modern history.”
Euro-zone government debt is projected to reach around 88% of gross domestic product in 2011. Debt-to-GDP ratios are forecast to reach highs of 100% and 200% in the U.S. and Japan respectively. “In the euro area, adverse fiscal developments are a cause of particular concern in several countries, generally those that did not exploit more buoyant economic times to firmly consolidate their public finances,” Stark said, according to the text of his speech.
Greece’s deficit for 2009 stood at almost 13% of GDP–well above the deficit ceiling of 3% of GDP set by the EU’s Stability and Growth Pact. “With an annual structural deficit reduction of only 0.5% of GDP, it will take the euro area 20 years or more to return to the pre-crisis debt-to-GDP level,” he said.
The ECB said consolidation must start in 2011, at the latest, and will have to “exceed substantially” the annual adjustment of 0.5% of GDP set as a minimum requirement by the Stability and Growth Pact. “Outside the euro area, bringing the public debt ratio back to safer regions appears even harder for the United Kingdom, the United States and Japan,” Stark cautioned.
He even pointed out problems in specific U.S. states. “In the United States, too, some states [e.g. Arizona and California] have adopted a less prudent approach to the management of their public finances than others,” he said. Stark wouldn’t rule out a potential negative impact from large fiscal imbalances on inflation.
“We also need to monitor very closely the possible adverse impact from fiscal developments on the inflation outlook.” Fast economic growth in some regions of the world could drive up prices for commodities and other goods globally, he cautioned.
It is anybody’s guess whether the Eurozone will disintegrate and along with it the Euro. My feeling is that any attempt to create a ‘Core Euro’ by France and Germany will not be successful. Although, there are plans for such an eventuality, by the money PTB, I suspect that they will go the whole hog and aim for their final One World Currency objective. Even the IMF is re-engineering itself for this coming monetary crisis to become the global central bank. See:
IMF Prepares for Global Cataclysm, Expands Backup Rescue Facility By Half a Trillion for “Contribution to Global Financial Stability”
Vincent Fernando writes:
The latest Global Monetary Analyst raises the notion of stronger Eurozone nations ditching the euro in order to form a stronger, smaller currency union. Morgan Stanley’s Joachim Fels believes that the eurozone/IMF financial backstop for Greece, plus the European Central Bank’s recent backing-down on collateral rules for Greece have substantially, and ironically, increased the long-term risk of a eurozone break-up. Joachim Fels at Morgan Stanley:
… which gives rise to moral hazard: The bail-out and the ECB’s softer collateral stance set a bad precedent for other euro area member states and make it more likely that the euro area degenerates into a zone of fiscal profligacy, currency weakness and higher inflationary pressures over time. If so, countries with a high preference for price stability, such as Germany, might conclude that they would be better off with a harder but smaller currency union. And because the Maastricht Treaty does not provide for the possibility of expelling euro area members, the only way how Germany could achieve this would be by leaving the euro to introduce a stronger currency.
Obviously, we have not reached the end-game yet. However, with the recent developments, such a break-up scenario has clearly become more likely, for two reasons. First, the lesson for other euro area members from the Greek bail-out package that no matter how badly you violate the SGP guidelines, financial help will be forthcoming, if push comes to shove. This introduces a serious moral hazard problem into the European equation. Fiscal slippage in other countries has now become more rather than less likely.
Moreover, the central bank’s credibility has been massively eroded.
Second, the ECB’s climb-down on its collateral rules regarding lower-rated bonds, which ensures that Greek government bonds will still be eligible as collateral in ECB tenders beyond 2010, adds to this moral hazard problem and confirms that the ECB is not immune to political considerations and pressures.
Most importantly, what to watch for that might signal the beginning of the end of the currency union as we know it:
What are the signposts that would indicate our break-up scenario is in fact unfolding?
First, watch fiscal developments in other euro area countries closely: Our suspicion is that the aid package for Greece lessens other governments’ resolve to tighten fiscal policy, especially in an environment of ongoing economic stagnation or recession.
Second, watch ECB policy closely: If the ECB turns out to be slow in raising interest rates once inflation pressures return, this would be a sign of a politicisation of monetary policy.
Third, watch the political debate in Germany: Support for Greece has been extremely unpopular and fears that the euro will turn into a soft currency abound. If the aid package for Greece, which so far is a backstop credit line, becomes activated, eurosceptic forces would receive a significant further boost. And, needless to say, if other countries also needed financial support, this would further strengthen euro opposition.
(Via Morgan Stanley, Global Monetary Analyst, Joachim Fels, 14 April 2010)
- The Illuminati shadow government is intent on triggering their attack on Iran. This will precipitate World War 3. The end result is a New World Order, Global Fascist Police State. This world war is the engineered ‘Clash of Civilization’, Judeo-Christian Zionist world against the Muslim world. Both worlds will be destroyed. The basic idea is that no country/countries will be able to threaten this coming One World Government. All nations will be weakened and national sovereignty will be done away with. No country will be able to resist this fascist police state run by Illuminists.
Can you handle the truth? Do you have the intellectual integrity and moral courage to employ middle school-level verification of factual claims on our nation’s most important issues? This involves no belief; only verification of the following objective facts essential to your citizenry:
Official US policy for nuclear weapons allows nuclear attack on nations if the US says they have the intent to harm the US or allies in the future. This policy is unlawful under the US-created UN Charter that strictly forbids Wars of Aggression, including with the predictable propaganda of “national security” or the new “pre-emptive self-defense.” Remember the history of some still living and the rest of our population’s fathers and grandfathers who sacrificed in WW2: the Nazis pre-planned War of Aggression to attack and take Poland was a false flag operation that claimed national security, self-defense, and a peaceful future.
The US is a terrorist state to threaten conventional and nuclear war on Iran. The US is a terrorist state to further lie to its public and the world in two key areas of propaganda that you are responsible to understand if you want a US government operating UNDER the law rather than as a fascist dictatorship operating wherever they say (dictate):
1. Iran’s president never physically threatened Israel.
2. All of Iran’s nuclear material is fully accounted for peaceful and legal use for energy and medicine.
The US is a terrorist state for its unlawful attack and invasion of Afghanistan and Iraq. We now know from our own government’s disclosure of the evidence that all “reasons” for war were known lies. Our soldiers, government employees, and citizens who operate under good faith have been duped with the above “Big Lies” that are easily proven but difficult to embrace from cognitive dissonance.
The recent US-hosted nuclear weapons summit is propaganda to terrorize the public with fear that “others” will use nuclear weapons; specifically propagandizing that “terrorists” will use a nuclear weapon on a US city. This propaganda is repeated by Israel’s Prime Minister, the last Republican presidential candidate John McCain, former vice-presidential candidate Joe Lieberman, and corporate media, and escalated with terrorizing and unlawful war rhetoric that the US should “pull the trigger” to attack Iran in Orwellian propaganda to blame the victim.
When the facts are so clear that it is the US who has killed over a million people in their perpetual unlawful Wars of Aggression based upon such Orwellian and “emperor has no clothes” lies that the US expands into Pakistan and Yemen, the obvious conclusion any rational citizen must make is that the US has planned and is considering a false flag attack to use a dirty or nuclear bomb, blame Iran, and finalize their Middle East tyrannical policy of domination.
Michel Chossudovsky, Director of the Canadian Centre for Research on Globalization, explains succinctly in the following 4-minute interview. I conclude with my usual resources for comprehensive understanding and suggestions for action. This has some repetition or the above information along with additional resources:
Fellow Americans: literally for the love of God, it’s time.It’s time for our men and women in government and military to choose: either stand with the US Constitution you’ve sworn to support and defend against all enemies, foreign and DOMESTIC, or remain complicit in ongoing Wars of Aggression, mass murder of our soldiers and our fellow humans in other lands and throwing trillions of our tax dollars to do so, pushing the world ever-closer to an apparently planned and desired nuclear Third World War (and here), and guilty of what Dr. Martin Luther King called “Silence is Betrayal” (before the US government assassinated him according to the only trial conducted for his murder).Over 5,000 US soldiers have been killed so far as pawns of the civilian and military brass tyrants. Multiples more have been crippled physically and emotionally. There is no end in sight to current wars; indeed, the US is expanding them into Pakistan and Yemen and threatening more war with Iran. The dead are comforted by God; their families are devastated by the loss of their loved-ones. The crippled and their families face a range of challenges; many so severe that a total of 6,000 US veterans commit suicide every year. One-third of all US homeless men are veterans.
… to continue reading click here!
- See also:
Gerald Celente: The Coming Great War of Our Age!
Alex Jones: Next False Flag in USA Maybe Nuclear!
Steve Quayle: Global Flashpoints And Apocalypse! False Flag Terrorism, World War, Depopulation, Return of the Nephilim Giants And More ….
Gerald Celente: Terror 2010 ! Another False Flag Terror Attack To Start World War 3 !
Medvedev: Israeli Attack on Iran Might Lead to Nuclear Conflict!
Unthinkable: Propaganda for False Flag Nuclear Terrorism and Torture !
Ex. British Military: The Illuminati Plans World War 3 in 18 – 24 Months!
Bob Chapman: The Illuminati Ruling Elite Are Planning A World War!
Lindsey Williams: The Elite Speak (Disk 3 of 3), War Is Planned After 18 Months!
Lindsey Williams: The Elite Speak (Disk 2 of 3), Planned Financial and Economic Collapse!
Lindsey Williams: The Elite Speak (Disk 1 of 3), The Coming 12 Months.
Lindsey Williams: Reality Disk 3. World War Planned After 2 Years. It Will Be Triggered In The Middle East!
Lindsey Williams: Hope Disk 2. Within 2 Years The Dollar Will Be Lindsey Williams: Tragedy Disk 1. The Illuminati’s Plan For The Next 2 Years!
Anglo-Israeli “Doomsday” War Scheme Advances!
Illuminati: The Hidden Agenda for World Government!
The United Nations and The Occult Agenda. The Coming One World Religious System!
Ray McGovern: Could The Next Major World War be in Iran?
Paul Craig Roberts: US Pushing For Nuclear War, “Leadership” Treasonous For Duping US Into Wars !
Major General Smedley Butler – War is a Racket !
9/11 Conspiracy Predicted in X-Files’ Spin Off – The Illuminati Card Game !
U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record ! New US Jobless Claims Unexpectedly Jump!
- More green shoots for the US economy? I don’t think so! This is Great Depression 2.0. Even with their manufactured data, the snakes have difficulty hiding the truth! The reality is: only the Wall Street banksters who have ‘raped’ the country are doing well. Main Street is in severe distress. The number of people on food stamps is 39 million and rising. Independent economics researcher like www.shadowstats.com is reporting U6 unemployment at 22% and CPI at 9.7%. These are clearly horrendous and depression conditions. In the 1929 Great Depression, unemployment was around 25%.
U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record
April 15 (Bloomberg) — Foreclosure filings in the U.S. rose 16 percent in the first quarter from a year earlier and bank seizures hit a record as lenders stepped up action against delinquent homeowners, according to RealtyTrac Inc.
A total of 932,234 homes, or one out of every 138 households, received a default or auction notice, or were repossessed by banks, the Irvine, California-based firm said today. In March, filings rose 8 percent to the most in any month since RealtyTrac began publishing reports in January 2005.
New US jobless claims unexpectedly jump
New claims for US unemployment insurance benefits unexpectedly rose last week, largely due to Easter holiday-related factors, the Labor Department said Thursday. Initial jobless claims totaled a seasonally adjusted 484,000 in the week ending April 10, the highest level since late February, the department reported.
That marked an increase of 24,000 from the prior week’s unrevised figure of 460,000 and surprised most analysts who had forecast new claims would fall by 440,000.