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Socio-Economics & History Commentary

David Icke: The New World Order Network, A Spider’s Web of Interconnected Secret Societies!

October 16, 2010 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , | 2 Comments

Anglo-American Hegemony, Currency War, Economic Collapse And The Spiral Downward Toward Abject Poverty!

  • The Anglo-American western Illuminist hegemony is fighting a last gasp battle to stave off defeat. Much is hidden in deception. My observation is that they are remaking their hegemony and expanding it. The expansion is via financial conquest and destabilization of the world via economic collapse, famine and finally world war 3! This will not end well for humanity.
     
    The Currency War Promotion
    The Group of 20 nations must take the lead to prevent a global “currency war” in which each country tries to weaken its currency at the expense of others, South African Finance Minister Pravin Gordhan said. … “Everybody would want to depreciate their currency, everybody wants to export their way out of trouble,” … Unless the G20 gets “the major players to sit around the table and find a spirit of cooperation and generosity and give and take,” we are heading for a “currency war,” he said. – Bloomberg
     
    Dominant Social Theme: It is a spiral downward toward abject poverty and North-Korean style dirigisme.
    Free-Market Analysis: We have watched the building “currency war” with interest. Warnings are certainly placing the onus of responsibility on the G20 and the International Monetary Fund, both of which have somehow emerged as key players in an effort to ameliorate the worst excesses of the “war” for the sake of the global community and the general prosperity of all. Sub
    dominant social theme: “Our prosperity is totally in the hands of the wise men populating the G20 and the IMF; these two institutions are, in fact, the last and best hope for humankind, which is gradually circling down the drain.”
     
    What is the “currency war” as we understand it? The United States, which owns the world’s reserve currency, the dollar (rapidly fading) is continuing to print money by the bucket-load to try to stimulate its economy. The economy cannot be stimulated because after a century of central banking price-fixing (all that interest-rate setting, etc. really is) the American economy is terminally distorted.
     
    Government itself is probably the largest bubble and after that comes the banking industry and then corporate America. By propping up certain industries with cash and not letting them fail, the American government has made it impossible for the private sector to figure out what is a viable company and business and what is not. Thus, banks are not lending and people are not borrowing even two years into the “financial crisis.”
     
    As we have pointed out endlessly the financial crisis is not merely another cyclical recession (or even depression). The current economic difficulties stem from the implosion of the current, unanchored
    fiat-money system of the late 20th and early 21st century. The system essentially ended in 2008 and only hyperactive central bank money printing and enormous cash infusions into ruined banking entities managed to prop it. (This goes for Europe as well as America.) Without the price fixing by central banks, the system would have fallen apart, literally. It has held together, but that does not mean it is healthy. It is like a terminally injured patient on life support. It will die. It just depends on when the plug is pulled.
     
    Nonetheless, the United States continues to try to prop up what is essentially a moribund system. Because of the systemic distortion, no matter how much money the US prints, the economy itself will not respond. It cannot. This means that the money that does manage to circulate finds its way into the US stock market and speculation abroad as well. Other countries are printing too much money as well, and this has caused a generalized commodity boom.
     
    Yes, despite the so-called bond bubble, individual investors may be most enthusiastic about certain stocks and in farmland, real estate, commodities and precious metals. Thus we can see that the endless money printing is causing a global speculative bubble while not helping with the “real” economy at all. What the US (and the West generally) needs to do is to allow governmental, banking and industrial bubbles to collapse, even if this means the end of the economic system as we know it.
     
    This, unfortunately, the powers-that-be probably will not do. But this does not mean the collapse will not come. It will come, sooner or later. The free market itself is impossible to circumvent long term. What the
    Anglo-American power elite is fighting to do is to prolong the decline and fall of the current system so as to ease the West into a new system, presumably one based on SDRs, an IMF bancor, or even a controllable gold standard. This seems their hope, faint as it is.
     
    The longer it takes, the angrier people get. This is why the power elite seems to be contemplating the possibility of civil violence and military control measures. But essentially this is a faint hope too. It is impossible to control an enraged and enlightened populace. People have been enraged by the failure of the current system and they have been enlightened (increasingly) by the truth-telling of the Internet. This is a noxious combination for the power elite and its continued short-term domination of the levers of wealth and power.
     
    The leaders of other countries that have long enjoyed a wealth splurge courtesy of the US reserve dollar are getting upset too. Because the money being printed by the Fed is not circulating in the US’s own terminally damaged economy, it is flowing abroad. Dollars are pouring into first and third world countries and this torrent of dollars is essentially a dollar-devaluation. Thus, countries like Brazil, India, Japan, etc. are faced with dollar inflation, which inevitably makes their own currencies more expensive.
     
    These currencies, now ever-more expensive, make it increasingly more difficult to export goods and services, especially to the United States. Out of self-defense, countries like Japan have begun to buy dollars to sop up the excess liquidity. But this causes resentment too. It is expensive to buy dollars and once again the world is forced to dance to the tune of the United States. Only world leaders are well aware that in this case, buying dollars is not really the answer. The US economy may take another 10 years to readjust because the Anglo-American power elite show no inclination to allow the distortions of elite banking and industrial complexes to subside. They will be propped up no matter what.

     
    ….. to continue reading click here!

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October 16, 2010 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Comments Off

Richard Russell: Wild Speculation in Gold Lies Ahead !

  • It pays to listen to the wise old man of investing: Richard Russell. Gold is going to at least US$10,000/oz IMO. Helicopter Ben Bernanke will not stop creating massive amounts of funny money via QE. If QE 2.0 doesn’t work it will be an even bigger QE 3.0: US$5T? $10T? The smart money is fleeing fiat currencies into hard assets: commodities and precious metals. KingworldNews.com :
      
    Richard Russell – Wild Speculation in Gold Lies Ahead
    “I learned from George Schaefer that big bull markets almost always end with a speculative explosion. …. Today I am taking the same stand regarding the gold bull market. The gold bull market will not end with a fizzle and a whimper. It will end with intense speculation and widespread interest from the funds and the public. We haven’t seen that kind of activity yet, but I’m convinced that a period of wild speculation in gold lies somewhere ahead.”
     
    “This is why I continue to beg my subscribers to load up with gold. As I see it, we are nearing a period of intense speculation that will be beyond anything seen before by the last three generations of Americans. Ironically, more money (will be) made in the final explosion in gold than was made during the first two phases combined.”
     
    “Great bull market are seen maybe once or twice in a lifetime. The current “stealth” gold bull market has sneaked up on most Americans. The very phrase, “gold bull market” is sneered at by most analysts today. In fact, most of the comments on gold today come in the form of warnings; “Gold is too high.” “Gold is in a bubble.” “Gold will sink back below 1000.” “Gold is a fool’s play.”
     
    “Nonsense. Gold is moving ever-closer to it’s climactic speculative third phase. The negative comments about gold will only serve to make the gold bull market that much stronger. In this business, there is nothing more powerful than a primary bull market that has been denigrated, spat at, and held back for years.”

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October 16, 2010 Posted by | Economics | , , , | Comments Off

Another Perfect Storm Brewing for Markets and the Economy!

  • The FedRes is going bonkers. Helicopter Ben Bernanke is talking about stimulating inflation. His idea of economic growth is stimulating inflation. This is BS madness. How can America grow when everyone is max out in debts? How can there be growth when real U6 unemployment is closer to 22%. How can there be growth when 41.x million Americans are on food stamps? His solution is to stimulate inflation?
     
  • This is economic nonsense of the ruling elite. The basic tenet is an economy grows because of spending. As long as they can get consumers to borrow and spend again, the economy will grow. Yeah right. 30+ years of borrowing and spending for many unnecessary crap led to excesses throughout the world. In particular excess production capacities. America needs to work its way out of debts, build savings and thus investments. There is no easy way out of this collapse.
     
  • By embarking on QE 2.0 soon (3 November) Bernanke will create uncontrollable inflation –>hyperinflation and thus the destruction of the USD. Does anyone really believe that QE will work? Thus, his real intention is to destroy the USD and hyperinflate away all the debts and losses of Illuminist banksters.
     
  • Massive QE will result in an all out financial war against the world. It will cause huge volatility in the forex market, interest rates and capital markets. It will inflate asset prices and then collapse prices when the money is withdrawn. What better way to destroy this current world order and lay the foundation for their New World Luciferian Order?
     
    Another Perfect Storm Brewing for Markets and the Economy
    A few major factors/events have conspired recently to meet up at a singular point in time.
     
    1. Either QE2 disappointment or death of USD
    It’s been a textbook case of “bad news is good news” in the past few weeks, entirely driven by QE2 expectations. The expectations are so high that inflation is finally being priced in (see 30-yr bonds, commodities, and gold), and Bernanke would have to do it even if he had a change of religion tonight, or else. The only question is when and how much. While I don’t know the answer, I’m sure it lies somewhere between a dog and a fire hydrant. If QE2 is not big enough to cause another 10% drop in the dollar index, it’ll snap back 10% along with equities/gold/commodities crashing through a significant correction. If it is big enough to meet the markets’ insane expectations, it will most likely kick the currency war into full speed and start the sequence that leads to the dollar’s death as the international reserve currency.
     
    Of course, theoretically it’s possible to stand a pencil on its point. I just don’t think it’s financially wise to bet on it. Funny thing is, despite the overwhelming cry for QE2 and the markets’ seeming enthusiasm, few expect it to produce meaningful real growth. In other words, the Sept rally in equities has been driven by depreciating dollar and expectation of inflation, not necessarily growth. This is truly a nightmare scenario.
     
    2. Currency war
    In the race to the bottom of competitive currency devaluation, Japan has been elbowed to the back and Fed has been the hands-down winner, so far. But all major players are close to the edge, even the usually quiet and conformal (well in terms of economic/monetary policy) Brazil. QE2, even if not big enough to kill the dollar by itself, may be the brilliant spark of inspiration in the powder keg. The ensuing currency war, trade war, and all kinds of political circus will surely be comical, to future generations who don’t have to live through it.

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October 16, 2010 Posted by | Economics | , , , , , , , , , , , , | Comments Off

Kenneth Clark: ‘We’re At Risk of Financial Collapse!’

  • The western world is nowhere near recovery. Only Asia and the BRIC countries can be said to be doing alright. However, this coming financial collapse will not just be limited to the western world. The entire world will go down with the west.
     
  • Nothing has been resolved since 2008 collapse. The can has been kicked down the road but we still have to pay the piper. All the global banks are essentially bankrupt. To rescue their buddies, the privately owned Illuminist central banking cartel will indulge in massive QE 2.0. This will inflate away all their debts and losses. All major currencies: USD, Euro, UKP, JPY… will be destroyed in this coming monetary holocaust. The rest of the world’s fiat currencies will suffer the same fate. They are all funny ‘Monopoly’ money backed by nothing! Got Gold yet?
     
    ‘We’re at risk of financial collapse’: Ken Clarke’s warning for Western economies
    The West is in ‘grave danger of financial collapse’, Kenneth Clarke warned last night. We face ‘quite the most dramatic’ spending cuts in ‘living memory’, the former chancellor added as the Coalition prepares to unveil plans to rein in the unprecedented budget deficit left by Labour. ‘I actually am one of those who believes, with a grave danger of financial collapse, we’re not out of the woods in the Western world yet,’ he said in the extraordinary address. ‘There is an extremely serious financial crisis.’
      
    His remarks appeared to contradict the Prime Minister, who insisted days ago that the Coalition’s early decisions have put Britain ‘out of the danger zone’. Mr Clarke said the UK had ‘rescued ourselves at the moment’, but added: ‘If we fail to deliver with the [cuts] programme we’re going to set out, we’ll be back there all too soon.’ Speaking ahead of next week’s comprehensive spending review, which will see most Government departments’ budgets cut by 25 per cent over four years, the Justice Secretary said: ‘These are difficult circumstances.’ In unscripted remarks to a conference of prison governors, Mr Clarke said the review would be ‘quite the most dramatic in living memory’.
      …..
    But Mr Clarke insisted: ‘There’s no one alive who remembers a crisis of this kind. It is not the usual public spending squeeze.’ Blaming the last government for the financial crisis, he added that he had never ‘hidden my disapproval of a state that spends the equivalent of half of the GDP’. ‘The current levels of spending are simply unsustainable and it would be irresponsible for the Government not to get to grips with it,’ he added.

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October 16, 2010 Posted by | Economics | , , , , , , , , , | Comments Off

CNN Reported Third Explosion Brought Down WTC 1 On 9/11 !

October 16, 2010 Posted by | GeoPolitics, History | , , | 1 Comment

Dylan Ratigan: Foreclosure Fraud & US$45 Trillion!

October 16, 2010 Posted by | Economics, Social Trends | , , , , , , | Comments Off

Max Keiser & David DeGraw: Global Banking Cartel, Revolution or World War 3!

October 16, 2010 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off

UFO PsyWar Continues: October 13, 2010 New York City UFO Sighting! BBC UFO-ET ‘Disclosure’ Advertisement!

  • The psy-war (psychological war) preparing the sheeple for the unveiling of UFOs and ‘Aliens’ is escalating. These ‘Aliens’ are really the Nephilim society of Genesis 6 and fallen angels. This is one Big Deception and Strong Delusion. See also: UFO Sightings in New York As Crowds of People Stare Into The Sky. Confirmed by Multiple News Networks
     
    2 Thessalonians 2:9-12 (New King James Version)
    9 The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders, 10 and with all unrighteous deception among those who perish, because they did not receive the love of the truth, that they might be saved. 11 And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.
     
    Revelation 12:7-9 (New King James Version)
    Satan Thrown Out of Heaven   
    7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they did not prevail, nor was a place found for them[a] in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
      
    Ephesians 2:2
    in which you once walked according to the course of this world, according to the prince of the power of the air, the spirit who now works in the sons of disobedience,

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October 16, 2010 Posted by | EndTimes, Social Trends | , , | 3 Comments

   

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