Socio-Economics History Blog

Socio-Economics & History Commentary

Alex Jones & Paul Watson: Vaccine Deaths And Injuries Skyrocket As Cover-Up Implodes!

  • Vaccine Deaths And Injuries Skyrocket As Cover-Up Implodes
    Global revolt against deadly vaccines spreads as cases of debilitating illnesses, soft-kill side-effects and even instant deaths become widespread.
      
    Cases of debilitating illnesses, soft-kill side-effects and even instant deaths as a result of vaccinations across the world are skyrocketing as the cover-up of deadly inoculations implodes and more people than ever become suspicious about what they are being injected with by health authorities who have proven they cannot be trusted.
     
    The implosion of the vaccine cover-up is sure to discourage more parents from vaccinating their children in the coming months, with the swine flu shot now being combined with the regular seasonal flu jab.     A recent Rasmussen poll found that 52 per cent of Americans were concerned about the safety of vaccines as we approach the start of school and college terms, where many children and teenagers will be “required” to take shots before they can attend.
     
    A global revolt against dangerous vaccines is brewing following a series of cases where children have been killed as a direct result of inoculations.
     
    A measles vaccination program in India was halted after four children died almost immediately after receiving the shot. “Four children died within minutes of receiving a vaccine for measles followed by drops of Vitamin A solution on Saturday,”     reports MedGuru.
     
    Indian newspaper reports carried eyewitness accounts of what happened. “The four children were reported to have fainted soon after they were vaccinated and witnesses reported seeing the children’s eyes roll back as they began to have seizures,”     reports Blitz.
     
    Furious villagers reacted to the tragedy by going on a rampage, attacking health workers and holding government doctors hostage. Health professionals and doctors with government ties were also blamed in Finland and Sweden after a     H1N1 vaccination program was halted following a 300 per cent increase in cases of the neurological disorder narcolepsy amongst children and young people who had received the shot over the last six months.
     
    According to Kari Lankinen, head physician of the Finnish Medicines Agency, doctors were complicit in hiding the link between the swine flu shot and narcolepsy and did so to advance their careers.
     
    Meanwhile, concerned mothers whose daughters have been injured or killed by the Gardasil vaccine have     put together a website that documents the truth about how the vaccine has killed and injured thousands of young girls since it was introduced in 2006. Thousands of teenagers have suffered adverse reactions and at least 71 have died from the vaccine since the HPV program was launched four years ago.
     
    The global vaccine cover-up took a massive blow after it was confirmed that the 2009 swine flu outbreak was, as we predicted from the start, a contrived scam centered around making vast profits for pharmaceutical companies while endangering the health of the public.
     
    ….     click here to continue reading!

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August 31, 2010 Posted by | Medicine & Health, Social Trends | | 1 Comment

New 9/11 Video: Missile Strike Pentagon!

August 31, 2010 Posted by | History, Social Trends | , , , | 3 Comments

U.S. Cameraman Has Proof 9/11 Was A Lie!

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August 31, 2010 Posted by | History | , , , | Comments Off

Bill Schnoebelen: UFOs, Aliens, Masonry And Satanism In The Occult Social Order!

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August 31, 2010 Posted by | EndTimes, Social Trends | , , , , , | 12 Comments

“Rabbi’s” Vicious Attack Not Representative of True Judaism!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

  • Judge for yourself who are the true Jews. Those of Neturei Karta or the genocidal ones supporting chief rabbi Ovadiah Yosef. The modern Zionist state of Israel bring shame to the name of God of the bible daily.
      
    “Rabbi’s” Vicious Attack Not Representative of True Judaism 
    August 29, 2010
    Rabbi Weiss Condemning recent statement of former Zionist so called “chief rabbi” Ovadiah Yosef

    Anti-Zionist Orthodox Jews recoiled in disgust at the latest outburst of hate speech from Rabbi Ovadiah Yosef, a former Sephardic so called ”chief rabbi” of the illegitimate Zionist State of “Israel”, in which he called the Palestinians “evil,” and cursed them with death. The Torah commands Jews to live peacefully with their non-Jewish neighbors in all parts of the world. This sort of rhetoric is against the Almighty’s Torah, repugnant to say the least and dangerous,” said Rabbi Yisroel Dovid Weiss, of Neturei Karta International.
     
    “This Rabbi and others like him do not and cannot represent Judaism or the Torah, just as the Zionist State of “Israel”, which is a rebellion against the Almighty, cannot represent the Torah or world Jewry true to the Torah”.
     
    “This “rabbi” and his audience are Sephardic Jews, Jews from Arab countries. If they only knew their own history, they would realize that Jews can and did live peacefully with Arabs, for many centuries. When Jews were persecuted, killed and expelled in Europe, the Arab countries provided a safe haven and welcomed Jews with open arms. In Palestine as well, Jews enjoyed this hospitality and Palestinians and Jews co-existed in harmony for many centuries. It was only Zionism, with its theft and oppression of the Palestinian people, that put an end to this co-existence”.
     
    “We are required by the Almighty, as stated in His Torah, to express our gratitude and reciprocate for good bestowed upon us.  How ironic, how tragic and evil this is, that to expressly these Arab countries and these Arab people, the opposite is being done and they are accused of being our enemies”.
     
    “According to the Torah, Jews are in exile and are forbidden to have a state of their own. Likewise we are forbidden to kill, steal and oppress etc. another people. Therefore, as long as the Zionist state continues to exist, we believe that there is no way true peace can be achieved. The Holy Land must be returned to its rightful owners, the Palestinians”.
     
    “We pray for the speedy and peaceful dismantlement of the Zionist State of Israel. At that time we will once again be able to truly co-exist in peace and harmony, as was our long history. And at that time we will be able to fulfill the Torah’s “Mitzvah” commandment, of remembering and repaying the good done to us”.
     
    “May we merit to see this soon in our days”. “Ultimately, may we merit to see the revelation of the glory of the Almighty, when all humankind will serve the Almighty in harmony. Amen”.

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August 31, 2010 Posted by | EndTimes, Social Trends | , , | Comments Off

What’s The Difference Between President Ahmadinejad And Rabbi Yosef?

  • Babylonian Talmudism and Kabbalah are cults of death, Satanism. It is supremacist and promotes the killing of Gentiles. They are not part of the old testament or bible. Unfortunately, too many Jews are brainwashed into believing that they are from the God of the bible. It is utter nonsense. So, is the idea of the superior Jewish race. The God of the bible save us from our sins when we recognize that we are evil, we repent and accept by faith the saving work of Jesus Christ.
      
    Ephesians 2:8-9 (New King James Version)
    8 For by grace you have been saved through faith, and that not of yourselves; it is the gift of God, 9 not of works, lest anyone should boast.
     
  • The Illuminati is building up the propaganda and war rhetoric ahead of this coming Satanic World War 3: Zionist West vs Muslim World.
     
  • Alan Hart writes, (See also: How to Kill Goyim and Influence People: Israeli Rabbis Defend Book’s Shocking Religious Defense of Killing Non-Jews)
     
    What’s the difference between President Ahmadinejad and Rabbi Yosef?
    Short answer. Iran’s President Ahmadinejad did NOT call for Israeli Jews to be annihilated. Rabbi Ovadia Yosef, the spiritual leader of Israel’s Shas party, HAS called, more than once, for the Palestinians (and, in fact, all Arabs) to be exterminated. As reported by the mainstream Western media, Ahmadinejad called for Israel to be “wiped off the map”. What that meant, it was asserted, was the destruction, the driving into the sea, of Israel’s Jews.
     
    What Ahmadinejad actually called for was the de-Zionization of Palestine. His actual words were to the effect that he wanted the Zionist state to disappear as the Soviet Union had done. In other words, there would be a place in a de-Zionized Palestine for all Jews who wanted to stay and live in peace with their fellow Arab citizens.
     
    As has been widely and accurately reported, Rabbi Yosef called on 27 August for the Palestinian Authority, its President Mahmoud Abbas and “all these evil people” (the occupied and oppressed Palestinians) to “perish from this world.” How was this to happen? “God should strike them with a plague.” And what if God doesn’t act in the way Rabbi Yosef wishes?
     
    He gave his own answer to that in 2001 when his subject was the Arabs. He said: “It is forbidden to be merciful to them. You (the Israeli government and the IDF) must send missiles to them and annihilate them. They are evil and damnable.”
     
    But let us give credit where credit is due. Rabbi Yosef, unlike most others in Israel’s political, military and spiritual leadership, is being honest. I mean only that he dares to say in public what he really thinks.

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August 31, 2010 Posted by | Social Trends | , , , , | Comments Off

Harmony Daws With Rev. Ted Pike: Homicidal Rabbi Finds Wide Support In Israel!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

  • The people who are the most psychologically abused and brainwashed are Israeli Jews. From young they are mind programmed by the constant reminder of the Holocaust. Can you imagine submitting your children to constant reminder of monsters in the closet. This is simply an Illuminist trauma based mind program-control. The Holocaust as presented in the MSM and mainstream history is highly suspect and mostly propaganda.
     
  • The fact of the matter is something like 24-40 million Christians died during the Bolshevik Revolution. Who were the people behind the genocide of Russian Christians? Jew Henry Makow:
     
    From: Communism – A Ruse for Illuminati Jewish Theft & Murder
    ….Christian Russian civilization was brutally destroyed by the Bolshevik Revolution which was a front for the Illuminati Jewish bankers.  The salient aspects of this revolution, apart from the imposition of a ghastly and depraved police state, was  the confiscation of  untold Gentile wealth and the  slaughter of millions of non-Jews  mostly by Jews.  This holocaust gets little notice because Illuminati Jews control the mass media and education system using self-righteous and highly-paid dupes of  the “neo-con,” “liberal,” “feminist” “socialist” and “Marxist” stripe to enforce an intellectual tyranny. 
     
  • How about the Nazi Holocaust? Jew Henry Makow again:
      
    The Nazi leadership right up to Hitler himself were also of the Crypto-Jewish variety and backed by the same Jewish bankers. It was these Sabbatean Jews who would unleash the genocide known today as the “Holocaust.” Rationalized as the fulfillment of OT prophecies re-the need for Jewish atonement for past sins this genocide targetted Orthodox Ostjuden and assimilated Jews who had no interest in going to Palestine as its prime victims. Naturally the Sabbatean apostasy and the schism it wrought within Judaism from the seventeenth century on remain taboo …….Adolf Eichmann had Zionist contacts in Palestine, had visited in 1937, and spoke Yiddish and Hebrew was himself a full Jew! In Origins no mention is made of these Nazi-Zionist contacts that led to the Transfer Agreement of 1936 that Edwin Black had laid the basis for the economic infrastructure of the nascent Israeli state.
     
  • See also these reports below about Hitler’s Jewish soldiers and Hitler himself. Hitler, many believe was the grandson of a Rothschild. The story is: his father was an illegitimate son of a Rothschild. Otherwise, how could a corporal rise to become Führer? Why would Illuminist cabalistic banksters financed him?
      
    Hitler’s Jewish Soldiers. The Untold Story of Nazi Racial Laws and Men of Jewish Descent in the German Military
    DNA tests reveal ‘Hitler was descended from the Jews and Africans he hated’
    DNA tests reveal Hitler’s Jewish and African roots
     
  • These so-called Illuminist cabalistic ‘Jews’ are better termed as the Synagogue of Satan. Jews must recognize that in their midst are traitorous people who are really their enemies. Have nothing to do with these false brethren and their machinations. It is not of God. It is clearly Satanic.
     
  • The brand of modern Judaism which these snakes promote has almost nothing to do with the Bible. Modern Judaism is more accurately termed as Babylonian Talmudism and Kabbalah. These are just another form of Satanism! (See: The Kabbalah- The NWO’s Satanic Bible)
     
    HOMICIDAL RABBI FINDS WIDE SUPPORT IN ISRAEL
    Early this month, intrepid reporter Jonathan Cook told of a powerful Israeli rabbi, Yitzhak Shapira, under investigation for allegedly inciting the slaughter of Gentile babies. He advocates doing whatever necessary to drive out Palestinians. So far the policy has chiefly involved violent harassment of Palestinians, with settlers inflicting beatings, attacking homes, throwing stones, burning fields, killing livestock and poisoning wells.
     
    It is feared, however, that Shapira’s book The King’s Torah, published last year, is intended to offer ideological justifications for widening the scope of such attacks to include killing Palestinians, even children.
     
    …Shapira was released a few hours after his questioning last Monday, dozens of rabbis, as well as several members of parliament, rallied to his side, condemning the arrest.
     
    Shlomo Aviner, one of the settlement movement’s leaders,     defended the book’s arguments as a “legitimate stance” and one that should be taught in Jewish seminaries. Shapira argues—correctly— that Talmudic “halachic” law permits killing Gentiles for a wide variety of reasons, including any time “a non-Jew’s presence endangers Jewish lives,” even if the non-Jew is “not at all guilty for the situation that has been created.”
     
    The book sanctions the killing of non-Jewish children and babies: “There is justification for killing babies if it is clear that they will grow up to harm us, and in such a situation they may be harmed deliberately, and not only during combat with adults.” The rabbis suggest that harming the children of non-Jewish leaders is justified if it is likely to bring pressure to bear on them to change policy. (emphasis mine)
     
    The authors also advocate committing “cruel deeds to create the proper balance of terror” and treating all members of an “enemy nation” as targets for retaliation, even if they are not directly participating in hostile activities. The chaplain for the IDF forces has said the same: “In war, when our forces storm the enemies, they are allowed and even enjoined by the Halakah to kill even good civilians, that is, civilians that are ostensibly good.” (Shahak, Jewish History, Jewish Religion, p. 76)
     
    Judaism’s most sacred Scriptures, the Talmud and Zohar, contain many admonitions to kill Gentiles and Christians. Probably the most widely referenced by ultra-Orthodox in Israel today is that of the preeminent Talmudic sage Simeon ben Yohai. In Abodah Zarah 26b, he cries out, “The best of the Gentiles deserves to be killed.” (Jewish Encyclopedia, “Gentile,” p. 617) Simeon ben Yohai is regarded with the highest respect by modern religious Jews, meriting praise by the Encyclopedia Judaica as one of the giants of Judaism. In Israel today, during the Festival of Lhe-ba’Omer, “tens of thousands assemble in Meron, the traditional resting place of R. Simeon ben Yohai…” to honor him in a week of Kabbalistic singing and dancing. (“ Israel, State of (Religious Life),” Encylopedia Judaica, p. 903)
     
    This, I suppose, explains how an Israeli rabbi can write what Shapira wrote… and be defended.
     
    Brutality Goes Mainstream in Israel
    If you are in too much shock, let me restate. A rabbi says it’s a good idea to kill Gentile babies if Jews think they might someday be dangerous—or if their deaths can be used as political leverage. He was then supported by numerous rabbis and members of the Israeli parliament!
     
    Translate this to America. A white pastor advocates killing black babies if it looks like they might become criminals or if their deaths could be used to coerce some kind of action from their parents and family members. A white pastor says this, and numerous Congressmen and other pastors support him. Are you finding that a little difficult to imagine? Me, too. In Israel, it’s not a bad daydream; it’s reality.
     
    A Haaretz opinion piece titled, “    Fundamentalism into the Mainstream,” says Shapira’s ruthless ideas are being mainstreamed. “What is new is that these are no longer “hilltop rabbis,” “wild weeds” or “fence hoppers” …They and their supporters are transforming zealous fundamentalism and the shameful “The King’s Torah” into the mainstream…No religious protest movement stood against the content; no one wrote a text to counter…”
     
    The article says fundamentalist rabbis are responsible for training (instilling homicidal hatred) in tens of thousands of yeshiva students who go on to serve in the Israeli Defense Forces. Perhaps one of them was the girl     responsible for posing in front of bound Palestinians and posting the Abu Ghraib re-runs to Facebook. Ha’aretz reported her words, “I would gladly kill Arabs—even slaughter them.”
     
    Rabbi Lior, who supports the King’s Torah, was invited to speak to IDF intelligence soldiers. They were told, “When there is a conflict between orders based on the ethics code and a halakhic instruction, of course one must follow halakha (Jewish law).” The Ha’aretz opinion piece concludes, “It’s not incitement that’s dangerous, but rather its transformation into the accepted and central form of discourse.” (emphasis mine)
     
    Time to Look Deeper
    Yet what do the words of a bloodthirsty rabbi in Israel mean for suburban Americans settled comfortably far from Palestine’s dusty violence? It means plenty. Ha’aretz comments, “The book says that any Gentile who supports war against Israel can also be killed.” (Will this include Gentiles who support the Palestinian claim that they were robbed of their homeland and deserve a return?) A recent Israel-endorsed poll shows that following Israel’s terrorist attack on the “Free Gaza” flotilla, 49 percent of Americans disapprove of further support of Israel. (See,     Support for Israel Sags in US) Yet many of these Americans may not suspect that the sacred rabbinic scriptures of modern Judaism, the Talmud and Zohar, undoubtedly motivated these expressions of brutality by IDF forces on the Mavi Marmara, shooting over 50 and killing nine.
     
    While Christianity and Islam are subject to severe and serious scrutiny, Judaism and its religious ambitions remain off limits. It is forbidden to speak of Judaism the way we now commonly speak of Christianity—or to consider that Israel’s slaughter of Gentiles aboard the Mavi Marmara and the threat in the rabbi’s words are undoubtedly related events.
     
    Consider the double standard of what it is acceptable to say about Christianity: In early, predominantly Calvinist America, Christians dominated the political arena, holding the vast majority of public offices and writing their Biblical morality into American laws. They founded our elite universities, including Harvard, Rutgers and Yale, as Puritan Bible schools. They criminalized premarital sex, profanity, public immodesty, homosexuality, and other “sin.” Their aim was to establish a nation of religious freedom yet always informed by worship of the Christian God. Until the 1960s, America was still largely ruled by the influence of its Puritan founders; concepts such as the gender binary, nuclear family, male-female marriage, objective morality and God’s existence were taken for granted by most Americans. The previous paragraph is not “anti-Christian.” It is not “anti-Aryan.” It is history.
     
    The competitive dominance of Jewish Americans has also profoundly shaped our nation, and is now—in the third century of American life—clearly outstripping the power of her Christian founders. Jewish Americans, 1.5% of the population, are now vastly overrepresented in seats of American power. They form an unstoppable, pro-Israel lobby in the halls of Washington and hold a large and ever increasing number of Congressional seats and positions as cabinet members and senior administration officials. They fill a third of the Supreme Court bench. American Jews also dominate culture formation in America by maintaining an impressive majority as owners, producers, and writers in all major American news and entertainment media. (See,     Jews Confirm Big Media is Jewish) In these sites of mega-influence, liberal Jews have pushed to legalize, then normalize almost all the sins against which Christians once stood: “gay” rights, sexual amorality, gender deconstruction, abortion rights, and a host of theological concepts directly opposed to Christianity. There is only one religion against which it is now forbidden to speak, and that is Judaism; that fact alone shows its supremacy today.
     
    The previous paragraph is not “anti-Semitic.” It is history. Yet it is also incredibly inappropriate for me to write! This paragraph, if read in public, would make many people angry enough to hit me and far too angry to ask if any of it is true. And it is all true.
     
    The Jewish Talmud and Kabbalah, created by the same ancient sect of Pharisees who master-minded Christ’s crucifixion, have influenced modern Judaism as profoundly as the Bible influenced early American Christianity. It cannot be denied. In addition, the Jewish rejection of Christ—the Savior of the world and God incarnate—was a spiritual decision as powerful as the acceptance of Him that formed the Christian church. It can’t be honestly denied that modern Judaism was shaped by opposition to Christianity and its increasingly insular, hostile and aggressive approach to the “idolatrous” followers of the “false” Messiah from Nazareth. The bloodthirsty rabbi recommends action out of a lifetime immersion in the Talmud and Zohar. Throw me in jail; call me an anti-Semite a thousand times. The truth is still the truth.
     
    One of the greatest blessings America could receive today would be that her patriots looked below the surface of Israeli events and delved into what modern, Talmudic Judaism really teaches. They would quickly discover its power, ambitions and threat. One of the very best sources on what Talmudic Judaism teaches is Israel    : Our Duty, Our Dilemma by Rev. Ted Pike, available at Truthtellers.org.
     
    It is vital that Americans consider what has been accomplished by the majority of American liberal Jewish activists, legislators and judges. A few have blessed America. But the majority has done something far different. They are making real what the Talmud and Kabbalah exhort: subverting and overthrowing Christian civilization so their own Judaic world order, ruled by their false messiah, may someday be established.

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August 31, 2010 Posted by | History, Social Trends | , , , , | Comments Off

Bernanke Hallucinating!

Based on the Fed’s latest Flow of Funds report (Table F4, “Credit Market Borrowing”), governments are borrowing massively. The US$1.5 Quadrillion derivatives monster is still lurking in the shadows!

  • Can Helicopter Ben Shalom Bernanke bail America out via a US$5T QE 2.0? It remains to be seen. The ‘unintended consequence’ will be hyper-inflation and end of the USD. Dr. Martin Weiss has some rather startling news.
     
    Bernanke Hallucinating
    If Fed Chairman Ben Bernanke honestly believes what he said at Jackson Hole on Friday — that he can save the economy by printing more money and buying more bonds — he’s hallucinating. Through the first quarter of this year, he printed $1.5 trillion of paper money and promptly bought $1.5 trillion in mortgage bonds, government agency bonds, and Treasury bonds.
     
    But the entire effort was a dismal failure; the U.S. economy is still sinking and most large American banks are still weak. The underlying reason: While the government has been borrowing massively, nearly everyone else has embarked on unprecedented debt LIQUIDATIONS. In other words …
     
    While Washington is gorging itself on new debts, nearly every other sector is undergoing massive liposuctions.
     
    How do we know? Because that’s what the Federal Reserve itself is reporting — unambiguously and conclusively. But the collapse in private sector credit is so dramatic that among ALL the major categories the Fed tracks, NOT ONE is expanding its debts. Rather, every single sector is in advanced stages of unprecedented and massive debt liquidations! Specifically, as you can see in the chart above …
     
    - Corporations are cutting back on their bonds at a record pace of $355 billion per year …
    - Banks are cutting back on their lending at the yearly rate of $273 billion, and …
    - Worst of all, mortgages are being liquidated at a record-smashing pace of $560 billion annually.
     
    In addition, the Fed is reporting net cutbacks in consumer credit ($39 billion), open market paper ($154 billion), agency bonds ($16 billion), and other loans ($174 billion). And remember: We’re not just talking about a slowdown in the pace of new borrowing — the pattern we used to see in typical recessions of the past. No! These are actual net reductions in debts outstanding — the basic stuff that depressions are made of.
     
    In sum, nearly all the money Bernanke has printed — plus all the money he has supposedly poured into the economy — is going nowhere, except perhaps down the drain. He’s clearly running on a treadmill … pushing on a string. Whatever you do, do not underestimate the potential impact of this situation. It is …
     
    Huge! Including both the government and private sectors, the total new credit created in 2007 was $4.5 trillion. Now, it’s running at an annual pace of about ZERO! That $4.5 trillion was LOT of money — and it’s all money that’s NOT pouring into the economy any more.
     
    Unprecedented! This has never happened before in modern times — not even during the deepest recession of the postwar era. During the Great Depression? Yes. But in proportion to GDP, the debt buildup before the Depression — as well as the debt liquidations during the Depression — were not as large as they are now.
     
    Getting worse! Despite everything Bernanke has done to try to stop it, the debt liquidations are accelerating — especially in the mortgage area. Consider these basic facts:
      
    Back in 2005, lenders issued $1.4 trillion in new mortgages over and above those that were paid off or went bad — a fantastic amount of fresh new money pouring into the housing and construction markets.
     
    But by 2008, they had cut back their new mortgage lending by a whopping 94 percent. The industry virtually died — an unmitigated disaster for the economy.
     
    At that point, pundits assumed it was the end of the decline. On a net basis, the creation of mortgages in the U.S. was practically down to zero. “So how much further could it possibly fall?” they asked.
     
    Meanwhile, Bernanke apparently assumed that, by buying crazy, unprecedented amounts of mortgage bonds, he could somehow stop the decline — or at least offset its impact. But the decline in the mortgage market didn’t end there in 2008 …
     
    In 2009, it got worse — a lot worse! Not only was new mortgage money largely unavailable but OLD mortgage money was pulled out. Result: We saw net mortgage liquidations of $283 billion!
     
    And for the first quarter of 2010, as I highlighted earlier, the Fed reports net liquidations running at an annual pace of $560 billion, the worst in history.
     
    The Unavoidable Consequences
    These forces are more enduring than any monetary policy, bigger than any government. They are unmistakable, unavoidable, and overwhelming.
     
    Bernanke can try to make believe they don’t exist. But you cannot afford to take that risk. You must recognize the truth and consequences that he’s not talking about …
     
    Consequence #1. Bernanke’s nearly powerless. No matter how many more bonds he buys, Bernanke cannot save the recovery. Sure, he could push 30-year fixed mortgage rates down some more. But even the lowest mortgage rates in recorded history haven’t made a bit of difference. In fact, despite low rates, mortgages are being liquidated at an even FASTER clip. Home sales falling even MORE rapidly.
     
    Consequence #2. Double dip. The double-dip recession we’ve been warning you about is now on its way. Meanwhile, administration economists still swear on a stack of Bibles that the double dip is not in the cards; and private economists think the probability of a double dip is only 20 to 30 percent. They must be getting their hallucinogens from the same source as Bernanke.
     
    Consequence #3. More bank failures! As a whole, despite government bailouts and regulatory reform, the nation’s banks and thrifts are no healthier today than they were before the onset of the debt crisis. The big difference: This time the government is unlikely to have nearly as much political or financial capital to bail them out.
      …..
    Finally, above all …
    Do not believe Bernanke! Given all the facts he has at his fingertips — the same ones I’ve just presented here this morning — I doubt he even believes himself. Good luck and God bless!

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August 31, 2010 Posted by | Economics | , , , , , , | Comments Off

Stock Markets Face A ‘Bloodbath’, Warns SocGen Strategist Albert Edwards!

  • The Hindenburg omen is indicating a very strong possibility of a crash within 40-120 days. I suggest you take the advice and remain on the sidelines. There is a 30% chance of a full-blown financial system rattling event.
     
    Stock markets face a ‘bloodbath’, warns SocGen strategist Albert Edwards
    Investors should brace themselves for an equities “bloodbath” and a further fall in bond yields when the current excessive optimism propping up the market seeps away, Albert Edwards, a strategist at Société Générale, has warned.
      
    Mr Edwards said there was too much hope among investors, with excessive valuations in the US, but predicted it would come to an end in the coming months as economic data increasingly pointed to a double-dip recession.
     
    “Equity investors are in for a rude shock. The global economy is sliding back into recession and they are still not even aware that these events will trigger another leg down in valuations, the third major bear market since the equity valuation bubble burst,” he said
      ….. 
    The yield on UK benchmark 10-year bonds was 2.88pc yesterday, and Mr Edwards forecast a further fall to below 2pc. He predicted that “global cyclical failure” would push US 10-year yields down to 1.5pc-2pc, and German bunds to below 1.5pc.
     
    “So far the equity market has shrugged off much of the weaker data that abounds, and has not joined the bond market in a perceptive move. “The equity market will though crumble like the house of cards it is, when the nationwide [US] manufacturing ISM slides below 50 into recession territory in coming months.” The ISM index fell to 55.5 in July from 56.2 in June. Mr Edwards forecast a return to the “valuation nadir last seen in 1982″, with the S&P bottoming at around 450.

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August 31, 2010 Posted by | Economics | , , , | Comments Off

“The Secret of Oz”: Having Private Banks Create Money Is The Root Cause Of All World Poverty, Hunger, Disease And Misery!

  • Oz Economics
    How important is this issue worldwide? Having private banks create money is the root cause of all world poverty, hunger, disease and misery. And until we fix it, we will never be able to make a dent in these other issues.
     
    We can fix this. We can fix it in a matter of months — a year at most. We can make our government the most financially sound in the world — nearly overnight. The government can loan out all the money any state needs to build roads or schools or hospitals – interest free. Approximately half of a state’s infrastructure cost is from interest on borrowed money! When the money is repaid by the states it will all come back to the federal government, preventing inflation.  All we have to do is to take back the power to control the quantity of money and put that power into the hands of the federal officials closest to the voting public — namely the Congress of the United States.
     
    Some say, “Well, those crooks in Congress will create too much money once they get the money power.” But Congress now “creates” all the money it wants!  It just creates it as DEBT, which never gets paid back, and which we the people have to continually pay interest on.  Instead of creating bonds — or debt — the government could and should be creating DOLLARS, interest-free. 
     
    More money for people.
    Others will say Congress isn’t responsive to the people as it is. Well of course not. Politicians are responsive to those with the power. Right now, the banks have the power. We have to take back the ultimate power of any nation – the power over its money. With the power of banks diminished, politicians will become responsive to the voters once again.
     
    Do you know that only one zip code in this country provides nearly half of all the lobbying money to Congress? Guess what that zip code is? It’s 10028, the upper east side of Manhattan – the Golden Ghetto. That’s where the Mayor of New York lives. That’s where the Wall Street bankers live. They control the money, they control Congress.
     
    Some will say that these solutions are something radical like socialism or worse. They are not. This is the most basic historic struggle for human freedom running back to the beginnings of time.
     
    If we value the Founding Father’s dream of freedom — an escape from serfdom by political self-determination –we have to conclude that creating our money is too important a function to be put into private hands. History has shown time and time again that that leads to nothing but plutocracy – rule by the rich – and ultimately slavery.
     
    This privately-owned debt-money system has gotten so far out of control at this point that probably only a Biblical Jubilee year will save civilization from collapse.
     
    Imagine in your own world. What if tomorrow you were told that all your mortgage debt and credit card debt was cancelled. That would certainly be more money for people, less money for banks. After the Jubilee, then we could take the money power away from the banks and change the Constitution to put it permanently into the hands of Congress.
     
    But what about the banks? They are already failing? Let them fail. Government can issue it’s own money and credit. We don’t need their hyper-expensive compounding interest system. Banks or banking won’t go away. Everyone will still need loans and checking accounts. Some one will step in and provide those services. You’ll still go down to your corner bank to deposit your check. Your bank will still be there. Only the guts – the bank’s accounting system – the part you never see anyway – will change.
     
    Jesus chased the moneychangers from the temple in his day. We should certainly do the same in our day. Is that fair? Come on, big banks already own every large building in every city in the world. That should be sufficient! Let the people of the world have some money for a change. Give us some incentive to build a better world.
     
    There is hope, especially here in America. History has shown that America has fought to create it’s own money for the last 300 years. In fact, in no other nation on earth has the population fought for it as successfully and with such determination over the centuries as America. All we need in the face of this oncoming first depression of the 21st century is a little education. We can make this the new civil rights movement – the new human rights movement. The big bankers now stand more exposed than ever before. Let’s use history to guide our path today.
     
    This hasn’t been an issue since the time L. Frank Baum wrote the Wonderful Wizard of Oz. Why? Because after the William Jennings Bryan era, the bankers learned that in order to put the lid on this issue they had to buy up the nation’s press. And they did. But this won’t work in the Internet age. Television commentators are now asking just what is the Federal Reserve and where does their money come from? The answer is they make the money up out of thin air and then have the audacity to loan it to us. The interest that the government has to pay is where our income taxes go. That was the deal the Fed made with the government when the Federal Reserve Act was rammed through Congress on Dec. 23, 1913.
     
    And what about the principal? The principle is never repaid, but the interest just keeps compounding. And it’s that interest that’s killing us. We’ll never be able to repay it. No nation ever has been able to do so – except for President Jackson in 1836.     
       
  • See also:
     
    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!
    America: From Freedom to Fascism
    Ellen Brown: Web Of Debt. The Shocking Truth about Our Money System and How We Can Break Free!
    Money, Banking and the Federal Reserve !
    Bob Chapman: The Illuminati Want to Bankrupt the World And Usher in World Government!
    Rothschilds and the Federal Reserve !
    The Monopoly Men: The Illuminati Bankster Shadow Government!
    The Great Bank Robbery: How the Federal Reserve is Destroying America!
    Global Power and Global Government: Evolution and Revolution of the Central Banking System – Part 1
    Banksters’ Takeover of America Almost Complete!
    Ron Paul: The Obama Administration Wants To Give More Power To The Federal Reserve, The Institution That Caused Our Problems !
    Banking Cartel is the Cause of Humanity’s Woes!
    Bloomberg David Reilly: Secret Banking Cabal Emerges From AIG Shadows!

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August 31, 2010 Posted by | Economics, History | , , , , , , | 2 Comments

   

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