Socio-Economics History Blog

Socio-Economics & History Commentary

Anthony J Hilder: Chemtrails And Depopulation!

November 11, 2010 Posted by | EndTimes, Science & Technology | , , , , , , | Comments Off

G-20 on Collision Course!

  • Will anything good come out of this G20 meeting? I don’t think so. The snakes are just setting the framework for their endgame of a One World Currency. They will likely back it with gold or no country will accept it. But once they get full control (ie world government), the gloves will be off and a pretext for microchipping everyone will begin. It will likely be ‘controlling terrorist financing’ or to identify whether a person is vaccinated against a deadly flu….
     
    G-20 on collision course
    SEOUL - The United States and China are on a collision course as this week’s gathering of leaders of the 20 most important economic powers threatens to devolve into a meaningless charade amid pressure against a US scheme to cure financial ills by printing ever-more money.
     
    From China to Germany, Brazil to France, the world’s financial wizards are up in arms about the decision of the US Federal Reserve to buy up US$600 billion in Treasury bonds in a move that may make the US the “odd country” out in the Group of 20 (G-20), when they meet in Seoul on Thursday and Friday.
     
    The term for this move is quantitative easing (QE), and the latest round, on top of the earlier purchase of US$1.7 trillion, is dubbed QE2, but it won’t be anything like a cruise on the old QEII, the luxury liner Queen Elizabeth II of a bygone era.
     
    “One of the biggest concerns with this round of quantitative easing is that it will make the already weak US dollar even weaker,” said the Bedford Report in an analysis of the market impact. Lawrence Summers, US President Barack Obama’s top economic adviser, danced around the issue on Tuesday in a teleconference with the Asia Society’s Korea Center in which he said, enigmatically, “You are going to see continuing discussion at the G-20,” but he acknowledged “the imbalances will not be fixed”.
     
    Nor was he at all optimistic about the G-20 reaching some semblance of consensus that might paper over the fissures, more like chasms, of disagreement. All he would say, in the most polite circumlocution, was, “I am confident we will reach a successful outcome at the summit.”
     
    Fed chairman Ben Bernanke is doing some fancy talking of his own to allay concerns, saying that buying up all those bonds, which calls for spewing out tonnes of plain old $100 bills, is “just monetary policy” by another means.
     
    What else can you do, he pleads, with the high number of people out of work in the US , the rate of inflation below expectations and no more room for slashing short-term interest rates. The phenomenon of “a large amount of slack and declining inflation”, he said, was “a signal that more should be done” and “the motivation” for the move.
     
    As far as most of the leaders converging in Seoul for the G-20 are concerned, however, Bernanke is playing an old-fashioned game of voodoo economics, and they see the Fed’s sudden move as carefully timed to undercut arguments for other G-20 nations not to act decisively in revaluing their own inflated currencies.
     
    The Fed’s grandstand play, they predict, will either backfire or have little impact in redressing what all acknowledge are gross “imbalances” in a system in which China and Germany are reaping fortunes in trade surpluses while the US and others have huge deficits.
     
    The US gambit, if nothing else, provides more ammunition for all sides in what Brazil’s Finance Minister Guido Mantega was the first to call “currency wars” for the pushing-and-pulling over currency revaluation. Until the Fed’s move last week, Mantega was the most outspoken among the ministers of the BRICs – Brazil, Russia, India and China – a loose assortment of countries that investors and economists like to describe as “new emerging markets” covering large geographical areas, large populations and growing industries.
     
    He did not hesitate to blame the US for adding to global economic distress by printing ever-more money while failing to bring its trillion-dollar budget deficit under control. “For me, most destabilizing for the global exchange is the devaluation of the dollar,” he has said.
     
    Since the Fed’s latest move, leaders and their financial gurus from a host of countries are joining the chorus, loudly publicizing views that they had been reluctant to express so openly for fear of upsetting the G-20.

     
      …. to continue reading click here!

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November 11, 2010 Posted by | Economics | , , , , , , , , | Comments Off

Ireland’s Crisis Flares As Investors Dump Bonds!

  • The sovereign debt crisis is brewing. The Eurozone, UK, Japan and the US are largely bankrupt. Of course, the snakes’ figures look alot better than reality. If you add in all the off-balance sheet items, hidden 2nd set of books, bailouts, social security, Medicare….etc. the conclusion is: the debts will never be repaid. So, for those of you who thinks you can flee the USD towards the safety of JPY or EUD, think again. No major currency is safe. No minor currency will survive when major currencies collapse! 
      
  • Bailong out Ireland and Greece means that the ECB will QE to infinity. Do not believe the song and dance the ECB sells you about being concerned with the FedRes’ US$600B QE. It is more smoke and mirror, disinformation, misinformation PR and outright lies. Just propaganda for the sheeple to get them to go back to sleep!
     
    Ireland’s crisis flares as investors dump bonds
    DUBLIN – Ireland’s financial troubles loomed large Wednesday as investors — betting that the country soon could join Greece in seeking a bailout from the European Union — drove the interest rate on the country’s 10-year borrowing to a new high.
     
    The yield, or interest rate, on 10-year bonds rose above 8 percent for the first time since the launch of the euro, the European Union’s common currency, 11 years ago.
     
    Bond traders increasingly believe that Ireland soon will be forced to tap Europe’s emergency fund for euro-zone nations facing a threat of bankruptcy. The 16 nations of the euro zone created that euro750 billion backstop in May as the EU and International Monetary Fund provided an emergency euro110 billion loan to Greece.
     
    Another bailout would send more shock waves through the currency union, which has struggled to find ways to keep individual governments from overspending and threatening the currency’s value.
     
    Flaring financial tensions has driven the euro off recent 6-month highs of $1.428 versus the dollar. The euro was trading Wednesday at $1.3760, down from its opening of $1.3773.
     
    The cost of funding Irish debt has risen steadily since September, when the government admitted its bailout of five banks would cost at least euro45 billion, equivalent to euro10,000 for every man, woman and child in Ireland. That gargantuan bill, in turn, has made the projected 2010 deficit rise to 32 percent of GDP, the highest in post-war Europe.
     
    The yield on 10-year Irish notes rose steadily from 7.94 percent and passed 8.4 percent in afternoon trade. As the value of bonds fall, buyers demand ever-higher yields as compensation.
     
    Traders accelerated their offloading of Irish bonds after London-based LCH.Clearnet Group announced Wednesday it would require clients who deal in Irish bonds to increase the percentage of cash deposited up front to 21 percent, compared to a usual deposit of less than 6 percent. The move came on top of decisions this month by the governments of Russia and Chile to stop buying Irish debt.

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November 11, 2010 Posted by | Economics | , , , , , , | Comments Off

Multiple Independent Lab Tests Confirm Oil in Gulf Shrimp!

  • Do you believe that the Gulf of Mexico oil disaster is resolved? This is what the snakes in the District of Criminals (DC) say. Out of sight and out of mind. The complicit corporate MSM is also hiding the true extent of the problem. Come on people. The Illuminist banksters own the corporate MSM, all large corporations and the politician snakes in both parties.
     
  • The MSM is there to sell to the American public wars and more wars. They are there to manipulate you with fear and hate: ‘Muslim terrorists are everywhere… you must pick up arms and kill them first before they kill you…‘ Pre-emptive wars are a Nazi doctrine. Guilty until proven innocent is unconstitutional, illegal and morally corrupt. Why do Americans put up with these crap? 
     
    Multiple independent lab tests confirm oil in Gulf shrimp
    Experts operating states apart confirm toxic content in not just shrimp, but crab and fish too
    The federal government is going out of its way to assure the public that seafood pulled from recently reopened Gulf of Mexico waters is safe to consume, in spite of the largest accidental release of crude oil in America’s history.
     
    However, testing methodologies used by the government to deem areas of water safe for commercial fishing are woefully inadequate and permit high levels of toxic compounds to slip into the human food chain, according to a series of scientific and medical professionals interviewed by Raw Story.
       
    In two separate cases, a toxicologist and a chemist independently confirmed their seafood samples contained unusually high volumes of crude oil and harmful hydrocarbons — and some of this food was allegedly being sent to market.
     
    One test, conducted by a chemist from Mobile, Alabama, employed a rudimentary chemical analysis of shrimp pulled from waters near Louisiana and found “oil and grease” in their digestive tracts.
      
    The National Oceanographic and Atmospheric Administration’s (NOAA) tests, which are approved by the Food and Drug Administration (FDA), have focused on the animal’s flesh, with samples shelled and cleaned before undergoing examination. Unfortunately, many Gulf coast residents prepare shrimp whole, tossing the creatures into boiling water shells and all.
     
    “I wouldn’t eat shrimp, fish or crab caught in the Gulf,” said Robert M. Naman, a chemist at ACT Labs in Mobile, Alabama, who conducted the test after being contacted by a New Orleans activist. “The problems people will face, health-wise, are something that people don’t understand.” Naman also found that the oil was at an unusual high concentration: 193 parts-per-million (PPM).
     
    Though Naman’s test did not provide a complete fingerprint of the chemical spectrum, his results are still “an important finding,” according to Dr. Susan Shaw, a marine toxicologist at the Marine Environmental Research Institute in Blue Hill, Maine.
     
    “193 parts-per-million of petroleum in a crustacean is very high,” she told Raw Story. “You have to ask, what is the meaning from a human health perspective? “This is another signal that oil is in the food chain in the Gulf. Oil has been found in subsea plumes, in seafloor sediments, where it will degrade very slowly and can be re-released into the food chain.”
     
    Tainted seafood allegedly headed to market
    In another series of tests, Dr. William Sawyer, of the Sanibel, Florida-based Toxicology Consultants & Assessment Specialists, replicated findings of oil in shrimp digestive tracts, but he noted an even higher content of harmful hydrocarbons in the flesh of other edible creatures.
     
    And, Dr. Sawyer said, some of his test samples came from seafood on its way to market, pulled from waters recently classified as safe for commercial fishing activities. “They did not test the [total petroleum hydrocarbons] (TPH) in their samples,” he said, calling his testing methodologies a much more comprehensive way of examining compounds present in seafood.
     
    “The sensory test employed by the FDA detects compounds that are volatile that have an odor; we’re detecting compounds that are low volatility and are very low odor,” he added. “We found not only petroleum in the digestive tracts [of shrimp], but also in the edible portions of fish.
     
    “We’ve collected shrimp, oysters and finned fish on their way to marketplace — we tested a good number of seafood samples and in 100 percent we found petroleum.” The FDA says up to 100-PPM of oil and dispersant residue is safe to consume in finned fish, and 500-PPM is allowed for shellfish. Dr. Sawyer, who has long been a vocal critic of these rules, called the government’s tests “little more than a farce.” “[The FDA's safety threshold] is borderline absurd,” Naman added. “It’s geared so that shrimpers can go back to work, and that’s great — but if we’re talking about human health and the environment, you need to proceed slowly.” The FDA ignored multiple requests for comment on this story.

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November 11, 2010 Posted by | Disaster, Social Trends | , | Comments Off

Currency War Hits Mexico as Carstens Signals Rate Cuts

  • This global currency war will get worse. The current G20 meeting will not result in any viable solution. I doubt the Anglo-American Illuminists want a solution apart from their One World Currency, Global Central Bank (likely to be IMF) and by implication World Government. All the propaganda news in the MSM are just smoke and mirrors. The Illuminists will allow the problem to fester and get much worse. They are employing their Hegelian dialectic: Order Out of Chaos methodology. Observe all the manipulated ‘news’ but know for certain that a New Luciferian Financial Hegemony is around the corner.
      
    Currency War Hits Mexico as Carstens Signals Rate Cuts
    The peso’s biggest rally on record may prompt Mexico’s central bank to cut interest rates next year to boost exports after other Latin American policy makers raised borrowing costs to cool their economies.
     
    Governor
    Agustin Carstens signaled during a Nov. 2 meeting with economists in New York that he would consider cutting rates should the peso keep gaining, according to analysts from Barclays Capital, Deutsche Bank AG and UBS AG who attended the meeting. The bank may lower borrowing costs a quarter percentage point to 4.25 percent by March, Mexican futures trading show.
     
    Foreign investment in short-term Mexican notes known as Cetes has risen more than six-fold since the end of 2009 as investors looked for alternatives to near-zero interest rates in the U.S. and Europe. Inflows almost doubled last month to 70.4 billion pesos ($5.78 billion) as international investors anticipated the Federal Reserve would pump additional liquidity into the U.S. economy. China said this week the Fed’s decision to purchase $600 billion in U.S. Treasuries threatens to “shock” emerging markets with “hot money.”
     
    “Mexico runs the risk of being slammed by the markets,” said
    Alonso Cervera, a Latin American economist at Credit Suisse Group in Mexico City who attended the meeting with Carstens in New York. “If there’s a rally in the peso, we shouldn’t be surprised if they choose to cut rates.”
     
    Defending Exports
    In seeking to curb the peso’s 7.7 percent advance against the dollar over the past 10 weeks with a rate cut, Carstens would be defending his country’s exports from what Brazilian Finance Minister
    Guido Mantega has called a global “currency war,” said Jimena Zuniga, an economist at Barclays.
     
    “If the central bank perceives it is left alone in the currency war and the peso is losing competitiveness, then the central bank might consider measures including using monetary policy to discourage inflows,” said Zuniga, who was at the New York meeting with Carstens.
     
    The yield on Mexico’s 9 percent bond due in 2012 dropped 10 basis points the day after Carstens’ meetings with economists and investors.

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November 11, 2010 Posted by | Economics | , , , , , , | Comments Off

Marc Faber on The Trade Deficit Doom!

November 11, 2010 Posted by | Economics | , | Comments Off

Bankruptcy of U.S. is ‘Mathematical Certainty,’ Says Professor & Former CEO of Nation’s 10th Largest Bank!

  • The United States is going into stealth, implicit default via QE 2.0, creating money out of thin air to buy its own bonds. No one should doubt that major calamity is dead ahead for America. Because the USD is the world reserve currency, most of the world will be screwed as the global monetary system comes crashing down.
     
    Bankruptcy of U.S. is ‘Mathematical Certainty,’ Says Professor &; Former CEO of Nation’s 10th Largest Bank!
    (CNSNews.com)
    – John Allison, who for two decades served as chairman and CEO of BB&T, the nation’s 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fiscal direction.
     
    Allison likened what he sees as the predictable future bankruptcy of the United States to the problems at Fannie Mae and Freddie Mac, whose insolvency he also said was foreseeable to those who studied their business practices and financial situation.
     
    “I think the first thing we have to realize is where we’re going and to face it objectively,” Allison told CNSNews.com, when asked about the trillion-dollar-plus deficits the federal government has run for three straight years, the more than $13 trillion in federal debt, and the $61.9 trillion long-term shortfall the government faces (according to the analysis of the Peter G. Peterson Foundation) if the government is to pay all the benefits it has promised through entitlement programs.
     
    “If you run the numbers, on all those numbers that you just talked about, which I think are accurate, very accurate, in 20 or 25 years, the United States goes bankrupt,” said Allison. “It’s a mathematical certainty.
     
    “It reminds me very much of that story I told you about Freddie Mac and Fannie Mae,” said Allison. “We were running the numbers, and Freddie Mac and Fannie Mae went bankrupt, and we got there. In 20 or 25 years, the United States goes bankrupt.
     
    “Now, countries don’t go bankrupt the way companies do,” said Allison. “They don’t file bankruptcy. They usually hyper-inflate. They print a bunch of paper money, or they become Third World economies like Argentina–unless we change direction. So, we absolutely have to change direction. And the irony of that is it requires an interesting combination. It requires both discipline, but it also requires a focus on growing our economy. And it means a fundamental philosophical change from where we are today, from the idea of redistributing wealth to the idea of creating wealth.”
     
    In his interview with CNSNews.com Allison said that when belonged to the Financial Services Roundtable they examined Fannie Mae and Freddie Mac and determined they were going bankrupt. Congressional leaders, however, did not heed their analysis.
     
    “I was on a committee, a Financial Services Roundtable, for nine years trying to do something about Freddie Mac and Fannie Mae,” said Allison. “You couldn’t help but see it coming,” he said. “You ran the numbers, particularly the last several years, and it was mathematically certain Freddie and Fannie were going bankrupt.”

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November 11, 2010 Posted by | Economics | , , , , , , | 1 Comment

Alan Greenspan Admits That It Was All A Scam And Fraud !

November 11, 2010 Posted by | Economics | , , , , | 1 Comment

   

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