Socio-Economics History Blog

Socio-Economics & History Commentary

Bob Chapman: Greece Will Default Before Bringing The Rest of Europe With It !

  • See also: http://www.bobchapman.tk/ .
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    Bob Chapman of the International forecaster says that Greece may default first , that the Maastricht treaty which meant one interest rate fits all was a disaster, the Spaniards are used to violence going back to the civil war, the riots in Spain may spread to Italy and probably all over Europe.

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May 24, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off

The Strauss-Kahn Affair: It’s Now Make or Break Time for the IMF! Preventing Global Meltdown Via a One World Currency?

  • The ramifications of the arrest of Dominic Strauss-Kahn(DSK) is hard to predict for outsiders. It seems the consequences will drive the world into a global currency faster. Keep in mind that the IMF, BIS and World Bank are Illuminist institutions.
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  • The world is heading towards disaster. The Anglo-American western Illuminist cabal will do whatever dastardly acts needed to maintain their grip on power. These will include even the destruction of their current system and world war. Andrew McKillop gives us his perspective on the issues the IMF is facing. It is a little hard to understand. Click on the link in brown for the full article. Excerpts:
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    The Strauss-Kahn Affair: It’s Now Make or Break Time for the IMF
    by Andrew McKillop, www.Infowars.com
    In the wake of the Strauss-Kahn affair,  real economic events are fast conspiring to reshape the global  financial playing field. What the big player governments on the IMF  Executive Board want- and want fast, is action to stave off  international financial meltdown. They also need continuing  multi-billion dollar action to prevent a return to near-bankruptcy for  their big name high-street banks.
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    SUPPRESS GOLD AND SAVE THE SYSTEM
    The IMF and its close-related international financial partner  institution, the Bank for International Settlements (BIS) operate with  the sort of ironclad secrecy only dreamed of by the bankrupted, downsized and repackaged (that is restructured) Wall Street financial players which Spitzer brushed too hard against.
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    IMF financial support and bailout operations in 2010 reached about $  91 billion, compared with about $ 1 billion in 2006. Proposals agreed by  the G20 and by the IMF Executive Board since April 2009 target an  increase of its total resources by as much as $ 750 billion within one  or two years.
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    No DSK = no EURO? Speculation persists in the wake of DSK’s resignation.
    Doing this is the key challenge for the IMF and whatever director it has. Vastly increasing the IMF’s firefighting role in  bailing out governments unable to borrow on global capital markets,  like Greece at present, and re-financing weakened private banks by  financing national governments which in turn bail out banks in their  national territories, is however and in no way sure and certain. The  Strauss-Kahn crisis can or might be the opening salvo in an IMF crisis for reasons which are not so complex.
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    PREVENTING MELTDOWN
    This dawn of SDRs may be little known to most, but for bullion  traders and central bankers is a key period and a sombre flashback – in  miniature – to the gold and money crises of today. By 1965 the London  gold pool was consistently supplying more gold to cap prices than it was  able to buy back. The end for the pool started with the devaluation of  the UK pound sterling in November 1967, yet again spurring gold  purchases. By early December, the gold pool was selling around 20 times  its usual amount of gold, and with its Zurich partners was forced to  cease forward sales of gold, further intensifying gold demand. Over a  few weeks, the pool had laid out more than 1000 tons, and the newly  invented SDRs had done little or nothing to stem the panic.
    ….
    In recent weeks, heroic behind-the-scenes action has been poured into  talking down gold, oil and other commodity prices, and talking up the  failing dollar. The blatantly overvalued euro continues to be defended  by the European members of the IMF Executive Board, showing rare and  total solidarity in their quest to ensure a European takes over from  Strauss-Kahn. This could or might however be a lost cause for the de facto US-European  bloc, still holding a massive majority of votes inside the IMF, and the  power to decide how many SDRs are printed and what central bank gold  reserves will be sold or swapped – but kept on the books as still belonging to national central banks.
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    Current events could now radically speed decisions.
    The BRIC (Brazil, Russia, India, China) group, showing a lack of  solidarity in jostling to get leadership of the IMF as open as Europe’s  solidarity and American neutrality playacting, have very different  agenda items in this global quest to prevent an epic financial meltdown.  Running trade surpluses, they can finance their national budget  deficits and borrow to save their fragile banking systems, as  overstretched as those of the USA, Europe and Japan.
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    The bottom line is that the IMF, as a gold laundering entity  using central bank gold may be close to its first double-or-quits  crisis point in its 67 year history, and its 44 years of SDR printing.
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    THE SCENARIOS
    … The only solution for Strauss-Kahn, and whoever succeeds him is to invent a new global money. This was the real mission of “DSK” and will be the real mission of whoever  steps into his shoes, and does not stay in Sofitel mid-range hotels with  low level security on room intruders. The action to produce a new  global money – called a reserve currency – will also have to be very fast, due to the debt clock, or time bomb ruthlessly ticking forward.
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    For a short while the gold bullion market will stay quiet, but daily  change of the gold price will increase, and then rise further. Few  rational analyses of the right price for gold place it under $ 2000 per troy ounce, and plenty of experts will say this is only the starting gate for a hyper inflation spiral in which national currencies are ground to dust like a black hole swallows and smashes stars. All and any real asset, that is food, energy and minerals can only spiral in price for as long as the global economy struggles forward. After that, the recession implosion will  operate, restoring the value of money in a vastly downsized global  economy morphing into semi-autonomous national or regional economies.
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    Preventive action by the world’s few capital surplus countries could start in the very near-term future. The BRIC group could break away from the IMF system by  inventing its own BRIC reserve money backed by key commodities, gold,  and manufacturing power, but this would need a vast increase of their  current low-level coordination of financial and monetary policies.
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    Not impossibly, the USA facing hyper debt could take its own  unilateral action, with well-described and possibly planned actions to  erect tariff barriers and heavily limit overseas holdings and use of the  US dollar – that is siege economy action in a new era of  isolationism marked in the geopolitical domain by abandoning the Afghan  war, total disengagement from Iraq and leaving Israel to solve its long  and festering problems with the Palestinians all on its own.
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    In the same way, Europe’s neo-colonial turf war with China  and India for control over Africa’s natural resources and growing  consumer markets could morph into a war for saving European moneys.
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    Under any scenario the Strauss-Kahn affair comes at a  key moment. Attempts at saving the global economy and world moneys,  since the end of 2008, have all failed, raising the stakes and risk each  time. What we may now witness is historic change as the IMF’s real  situation seeps and leaks out, under the tinsel wraps of just another sex scandal.

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May 24, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

The Euro Doom Scenario Starts With What’s Happening In Spain Right Now!

  • The Eurozone is an artificial construct. The idea of one currency and one interest rate for all Eurozone countries do not work. It is simply a temporary experiment to amass even more power by the Illuminists. Eventually, (2012?) it will all collapse. The plan is for a Luciferian New World Order, World Government and One World Currency backed by gold.
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    Quote:
    “The debts involved have thus far remained hidden, in the same manner that Wall Street banks to date hide their losses, though a combination of long-stretched fake accounting (think FASB157) and multi-billion bail-outs in taxpayer funds. …. Spain is a bond market accident waiting to happen, be it tomorrow or a few months from now (it won’t take years).”
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    The Euro Doom Scenario Starts With What’s Happening In Spain Right Now
    by The Automatic Earth 
    Back In February, I saw a Dutch docudrama, entitled 2011: The Year the Euro Falls (Sorry, no English version available as far as I can see). It’s nicely made, with cameos for many -prominent- Dutch politicians, newscasters and media pundits, and based on a screenplay by the former financial expert for Holland’s Greens, Groen Links (‘links’ means left), Kees Vendrik. It paints -potential, and more or less fictional- developments in Europe in 2011.
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    First: Spain falls in summer. Spanish bonds are dumped, interest rates on them rise to 9%. Seemingly endless EU/IMF negotiations follow. This is not Greece or Ireland, after all (?!). These negotiations end in a deal, against a background of large-scale protests across Europe, not the least of which take place in the rich EU nations, where people are sick of bailing out the poorer periphery.
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    The markets then turn their attention to Italy; its bonds come under pressure. The first victims are the French banks, which have huge exposure to Italian debt. Somewhat surprisingly, PM Berlusconi refuses to be bailed out by the EU. This raises his domestic popularity beyond levels anyone could have imagined. Berlusconi then turns to China and Libya (it’s a 2010 scenario!) for financial aid. Italy closes its borders.
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    This becomes the start of the endgame. Germany and Holland -perhaps France- may still be able to sell some debt, but other EU countries are locked out of financial markets. Austerity measures even in Holland reach draconic levels. The European leaders end up in a long drawn-out meeting in Versailles. The outcome is a full political and fiscal union: The Unites States of Europe.
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    So far Mr. Vendrik’s fictional scenario. And that’s just what it was meant to be: what might happen, not what will. Or was it?
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    Still, what brought this back to mind is what we see coming from Spain the past few days. Oscar Gutiérrez writes in – very mainstream- El País:
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    Spain’s Icelandic revolt
    The demonstrations have broadened spontaneously, as was the case for those who rallied under the umbrellas of the “alternative globalisation” movements, and have evolved, one decade after the World Social Forum in Porto Alegre, Brazil, on a more modest stage than the one demonstrators faced in the past at the World Economic Forum of the global elite in Davos, Switzerland.
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    All this is happening at astonishing speed via the Internet, which has amplified the echo of discontent and opened the lanes of cyberactivism to groups such as Anonymous, notable for intervening against companies like PayPal and Visa during the advocacy campaign for Wikileaks chief Julian Assange. Yet it was also there at the beginning of the revolts in the Arab world, to help people get round the censorship of the Tunisian and Egyptian dictatorships.
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    Revolts that have grown and matured while French, Italian, English and Greek youth have been surging into the streets to oppose plans for the social welfare cuts that have been Europe’s response to the sharp economic downturn. Spain was waiting for its moment.
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    … for the full article click here!

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May 24, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Eurozone Debt Crisis Deepens Sending Euro Lower And Gold To New Record At EUR 1,080/oz!

They may be useful as wallpaper soon!

  • The sovereign debt crisis has not gotten any better. More debts have been piled onto existing debts. The problem has become worse. This will lead to a global monetary crisis. All major fiat currencies are toast: Euro, JPY, UKP and USD. All minor currencies will not survive this coming global monetary meltdown. The Illuminists want a currency crash and hyperinflation as a prelude to the introduction of their One World Currency. Any country that rejects the new economic, monetary and financial hegemony will face war!
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    Eurozone Debt Crisis Deepens Sending Euro Lower And Gold To New Record At EUR 1,080/oz
    from GoldCore
    The euro, global equities and  bonds in peripheral Eurozone countries are all lower this morning on heightened  concerns about the debt  crisis in the Eurozone. The euro has fallen against all  currencies and  is now at a record low against gold at EUR 1,080.21/oz. Silver is  lower against most currencies but is higher against the Australian dollar and  the euro ( EUR 24.80/oz).
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    Greece’s 10 year government  debt has surged to 16.98%, Portugal’s to 9.6% and Ireland’s to a new record at  10.76%. The yield on Italian  10-year government debt is up 9bp to 4.85% after  S&P cuts its  rating outlook on Italy’s sovereign debt to “negative” from  “stable”. The Spanish 10 year bond has risen 11 basis points to 5.57%. 
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    Equity markets in Europe have followed their Asian counterparts  lower.  Asian equities fell due to Eurozone debt concerns but also  inflation concerns  and the risk that the US economic recovery is  faltering. Italy’s stock market  (FTSE MIB) is down 3% while Spain’s  IBEX is down 1.7%.
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    Besides sovereign debt  risk, gold is also being supported by  geopolitical risk as seen in the  increasingly unstable nuclear armed  Pakistan where armed militants attempted to  take over Pakistan’s naval  air force headquarters.
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    There is increasing  tension between the U.S. and Pakistan after what the U.S regards as Pakistan’s  failure or collusion regarding Osama Bin Laden. China has increasing  economic and military ties and interests in  Pakistan and has vowed to standby  Pakistan and has called on the world  to respect Pakistan’s sovereignty. Separately, in an interview with the Financial Times on Saturday,  Henry  Kissinger has warned of a world war involving Pakistan and India.

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May 24, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off

Obama Furious With Israel, But Lobby Too Strong To Oppose!

May 24, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off

Cynthia McKinney: US Lawmakers Forced To Support Israel !

  • The greatest enemy of Christian America is Zionist ’666′ Israel !
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    ‘US lawmakers forced to support Israel’
    http://presstv.com/
    Former US lawmaker Cynthia McKinney says every candidate for Congress has to sign a pledge to vote for supporting the military superiority of Israel. “Every candidate for Congress at that time had a pledge. They were given a pledge to sign … that had Jerusalem as the capital city,” McKinney said in an interview with Press TV on Sunday.
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    “You make a commitment that you would vote to support the military superiority of Israel that the economic assistant that Israel wants that you would vote to provide that,” she added. McKinney said that if a candidate does not sign the pledge or perform accordingly, “then you do not get money to run your campaign.”
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    The former Congresswoman said that after she made the pledge issue public “the tactic changed.” “But this is what is done for 535 members of the United States Congress, 100 senators and 435 members of the House of Representatives have to now write a paragraph which basically says the same thing.”
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    He comments came as US President Barack Obama vowed to sustain Israel’s military superiority over its neighbors at the American Israel Public Affairs Committee’s (AIPAC) annual gathering on Sunday. “We (the US) will maintain Israel’s qualitative military edge”… “We have increased military financing to record levels,” Obama said.

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

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May 24, 2011 Posted by | GeoPolitics | , , , | Comments Off

Israeli Thugs In Uniform Beating Up Women!

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

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May 24, 2011 Posted by | GeoPolitics | , , , , , | Comments Off

The Satanic Cult Behind The Music Industry!

  • “To you, Sovereign Grand Inspectors General (of the 33rd degree), we say this, that you may repeat it to the brethren of the 32nd , 31st and 30th degrees – The Masonic Religion should be, by all of us initiates of the high degrees, maintained in the purity of the Luciferian doctrine.  … Yes, Lucifer is God … “
    Albert Pike, Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry in 1871 (blasphemy)
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  • One of the unheralded and least known facts about Freemasonry and the Masonic Lodge is its Jewish origins and nature. The religion of Judaism, based on the Babylonian Talmud, and the Jewish Cabala (or, Kabala), an alchemical system of magic and deviltry, form the basis for the Scottish Rite’s 33 ritual degree ceremonies.
    - Freemasonry is Jewish Magic, Texe Marrs
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    “Masonry is based on Judaism. Eliminate the teachings of Judaism from the Masonic Ritual and what is left?”
    -Jewish Tribune of New York, on October 28, 1927
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    “Freemasonry is a Jewish establishment, whose history, grades, official appointments, passwords, and explanations are Jewish from beginning to end.”
    - Rabbi Isaac Wise

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May 24, 2011 Posted by | EndTimes, Social Trends | , , , | Comments Off

Correct HAARP RING Prediction! Joplin Missouri, Center of The 3 Rings Hit !

  • The Illuminists are stepping up their weather wars against Christian America. They want to create chaos worldwide, to engineer/counterfeit the endtimes conditions in preparation for the coming of their false Messiah, the white horseman of Revelation 6, the bringer of false peace!
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  • Here is the 1976 United Nations Environmental Modification Convention. Click on it to goto the pdf file.

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May 24, 2011 Posted by | Disaster, Science & Technology | , , , | Comments Off

   

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