Swiss National Bank Vice Chairman Jordan: Worse Euro Crisis May Hit Swiss!
- Do not for a moment think that a Greek default triggering a PIIGS default will only affect the Eurozone! The entire world is very closely interlinked because of globalization for the past 40 years. This will affect the entire world. Even Asia will be affected. Say ’ABC’ corporation in Greece goes bust. The unpaid debt it owes ‘DEF’ corporation in Italy causes ‘DEF’ corporation go to bust. ‘DEF’ corporation which owes ‘XYZ’ companies in Asia, causes these companies to go bust. These Asian companies which owe their banks money causes the Asian banks to go bust. The ramifications are unpredictable and are not just limited to the banks. Everyone will be hit because the entire house of cards is build on debts. Got gold yet?
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SNB’s Jordan: Worse euro crisis may hit Swiss
Reporting by Catherine Bosley; Editing by Andrew Callus
(Reuters) – Big Swiss banks have very little direct exposure to Greece but Switzerland may be affected if a Greek default destabilizes the whole financial system, the Swiss National Bank’s vice chairman told a newspaper on Sunday.
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In remarks similar to those he made at the SNB’s monetary policy review on Thursday and in the SNB’s annual Financial Stability Report, Thomas Jordan said a domino effect brought about by a Greek debt restructuring likely would cause further upwards pressure on the Swiss currency.
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Concerns about debts in peripheral euro zone countries have repeatedly pushed the safe-haven Swiss franc to record peaks against the euro this year. Swiss exporters have complained their margins are suffering and the SNB has decided to leave rates ultra-low to keep a lid on the rising currency, running the risk of a bubble in the real estate market.
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“So long as only the peripheral countries are affected, the risk is limited,” Thomas Jordan told the newspaper Der Sonntag. “But the big Swiss banks necessarily have many investments abroad, in particular in countries with big financial markets. If the whole financial system were affected, that would naturally have severe consequences for Switzerland.”
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Switzerland had to bail out UBS during the financial crisis after it suffered big writedowns and the government is now pushing tough capital standards for UBS and rival Credit Suisse that exceed the Basel III standards.
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In its report, issued last Thursday, the SNB said the banks’ direct exposures to peripheral euro zone countries were relatively low, falling to 46 billion francs in 2010 from 60 billion in 2009, but they could face “considerable losses” if the contagion worsened.
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Echoing remarks made by SNB Chairman Philipp Hildebrand last year, Jordan
said it was in Europe’s interest to solve the debt problem quickly and effectively. “We’re convinced that the European institutions will take appropriate measures that will prevent an escalation of the crisis,” he said.
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Switzerland is not a member of the European Union but has funded part of the IMF’s loan to Greece. “But also Switzerland has a big interest in the debt crisis not escalating. Via the exchange rate and demand for our exports we’re very much affected by these developments.”
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Between March 2009 and June 2010 the SNB intervened in markets to prevent an excessive appreciation of the franc against the euro. As a result of its interventions, the SNB ran up its biggest annual loss last year and Hildebrand has faced calls for his resignation. The SNB holds just over 80 percent of its foreign currency reserves in government fixed income. Of its bond holdings, 83 percent are in paper rated AAA, 14 percent in debt with a AA rating, 1 percent has only an A rating and 2 percent is in a category called ‘other,’ the SNB’s website shows.
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In a separate article, Der Sonntag said the SNB held a very small amount of Greek debt. In January the SNB stopped accepting Irish government debt as collateral in its money market operations and stopped accepting Greek debt more than a year ago.
end
Bilderberg 2011: The Rockefeller World Order and the “High Priests of Globalization”!
- The Bilderberg group is part of the western Illuminati. It is a secular/political group reporting to the priestly class in the Illuminist system. David Rockefeller is the real ruler/king of America. Most large multi-national corporations (MNC) and foundations are Illuminist owned/controlled. Philanthropic foundations have very little to do with charity and helping your fellowmen/the poor. It is really for the furtherance of the Illuminist World Government / New World Order agenda.
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Bilderberg 2011: The Rockefeller World Order and the “High Priests of Globalization”
by Andrew Gavin Marshall, http://www.globalresearch.ca/
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To say we were striving for a one-world government is exaggerated, but not wholly unfair. Those of us in Bilderberg felt we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing.[1]
- Denis Healey, 30-year member of the Steering Committee of the Bilderberg Group
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The ‘Foundations’ of the Bilderberg Group
The Bilderberg Group, formed in 1954, was founded in the Netherlands as a secretive meeting held once a year, drawing roughly 130 of the political-financial-military-academic-media elites from North America and Western Europe as “an informal network of influential people who could consult each other privately and confidentially.”[2] Regular participants include the CEOs or Chairman of some of the largest corporations in the world, oil companies such as Royal Dutch Shell, British Petroleum, and Total SA, as well as various European monarchs, international bankers such as David Rockefeller, major politicians, presidents, prime ministers, and central bankers of the world.[3] The Bilderberg Group acts as a “secretive global think-tank,” with an original intent to “to link governments and economies in Europe and North America amid the Cold War.”[4]
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In the early 1950s, top European elites worked with selected American elites to form the Bilderberg Group in an effort to bring together the most influential people from both sides of the Atlantic to advance the cause of ‘Atlanticism’ and ‘globalism.’ The list of attendees were the usual suspects: top politicians, international businessmen, bankers, leaders of think tanks and foundations, top academics and university leaders, diplomats, media moguls, military officials, and Bilderberg also included several heads of state, monarchs, as well as senior intelligence officials, including top officials of the CIA, which was the main financier for the first meeting in 1954.[5]
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The European founders of the Bilderberg Group included Joseph Retinger and Prince Bernhard of the Netherlands. Prince Bernhard had, incidentally, been a member of the Nazi Party until 1934, three years prior to his marrying the Dutch Queen Juliana, and had also worked for the German industrial giant, I.G. Farben, the maker of Zyklon B, the gas used in concentration camps.[6] On the American side, those who were most prominent in the formation of the Bilderberg Group were David Rockefeller, Dean Rusk (a top official with the Council on Foreign Relations who was then the head of the Rockefeller Foundation), Joseph Johnson (another Council leader who was head of the Carnegie Endowment), and John J. McCloy (a top Council leader who became
Chairman of Chase Manhattan Bank in 1953 and was also Chairman of the Board of the Ford Foundation).[7]
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The fact that the major American foundations – Rockefeller, Carnegie, and Ford – were so pivotal in the origins of the Bilderberg Group is not a mere coincidence. The foundations have, since their founding at the beginning of the 20th century, been the central institutions in constructing consensus among elites, and creating consent to power. They are, in short, the engines of social engineering: both for elite circles specifically, and society as a whole, more generally. As Professor of Education Robert F. Arnove wrote in his book Philanthropy and Cultural Imperialism:
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Foundations like Carnegie, Rockefeller, and Ford have a corrosive influence on a democratic society; they represent relatively unregulated and unaccountable concentrations of power and wealth which buy talent, promote causes, and, in effect, establish an agenda of what merits society’s attention. They serve as “cooling-out” agencies, delaying and preventing more radical, structural change. They help maintain an economic and political order, international in scope, which benefits the ruling-class interests of philanthropists and philanthropoids – a system which… has worked against the interests of minorities, the working class, and Third World peoples.[8]
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These foundations had been central in promoting the ideology of ‘globalism’ that laid the groundwork for organizations such as the Council on Foreign Relations and the Bilderberg Group to exist. The Rockefeller Foundation, in particular, supported several organizations that promoted a ‘liberal internationalist’ philosophy, the aim of which:
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was to support a foreign policy within a new world order that was to feature the United States as the leading power – a programme defined by the Rockefeller Foundation as ‘disinterested’, ‘objective’ and even ‘non-political’… The construction of a new internationalist consensus required the conscious, targeted funding of individuals and organizations who questioned and undermined the supporters of the ‘old order’ while simultaneously promoting
the ‘new’.[9]
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The major foundations funded and created not only policy-oriented institutes such as think tanks, but they were also pivotal in the organization and construction of universities and education itself, in particular, the study of ‘international relations.’[10] The influence of foundations over education and universities and thus, ‘knowledge’ itself, is unparalleled. As noted in the book, Philanthropy and Cultural Imperialism:
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The power of the foundation is not that of dictating what will be studied. Its power consists in defining professional and intellectual parameters, in determining who will receive support to study what subjects in what settings. And the foundation’s power resides in suggesting certain types of activities it favors and is willing to support. As [political theorist and economist Harold] Laski noted, “the foundations do not control, simply because, in the direct and simple sense of the word, there is no need for them to do so. They have only to indicate the immediate direction of their minds for the whole university world to discover that it always meant to gravitate to that angle of the intellectual compass.”[11]
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The major philanthropic foundations created by America’s ‘robber baron’ industrialists and bankers were established not to benefit mankind, as was their stated purpose, but to benefit the bankers and industrialist elites in order to engage in social engineering. Through banks, these powerful families controlled the global economy; through think tanks, they manage the political and foreign policy establishments; and through foundations, they engineer society itself according to their own designs and interests. Through these foundations, elites have come to shape the processes, ideas and institutions of education, thus ensuring their continued hegemony over society through the production and control of knowledge. The educational institutions train future elites for government, economics, sciences, and other professional environments, as well as producing the academics that make up the principle component of think tanks, such as the Bilderberg Group.
….
…. for the full article click here!

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com
end
UK Banks Abandon Eurozone Over Greek Default Fears!
- Greece is touch and go. Will they default this summer or next? Default is an absolute certainty! Last year when Greece had their first bailout, they had debts of about €$210B. Now, the debt has grown to about €$300B. Greece’s GDP is only about €$180B. Did the first bailout help? The debt problem has grown bigger. Calling it a bailout is like calling a pig wearing lipstick beautiful. There is no bailout. This is simply loan sharks smelling blood and going in for the kill !
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UK banks abandon eurozone over Greek default fears
By Harry Wilson, http://www.telegraph.co.uk/
UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the impact of a “Lehman-style” event connected to a Greek default.
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Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system.
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Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become increasingly worried about the finances of other European banks.
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Barclays has also cut its exposure in recent months as senior managers have become increasingly concerned about developments among banks with large exposures to the troubled European countries Greece, Ireland, Spain, Italy and Portugal.
….
One source said it was “inevitable” that British banks would look to minimise their potential losses in the event the eurozone crisis were to get worse. “Everyone wants to ensure that they are not badly affected by the crisis,” said one bank executive.
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Moves by stronger banks to cut back their lending to weaker banks is reminiscent of the build-up to the financial crisis in 2008, when the refusal of banks to lend to one another led to a seizing-up of the markets that eventually led to the collapse of several major banks and taxpayer bail-outs of many more.
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While the funding position of UK banks is far stronger now than it was back in 2008, the banking systems of several other major European countries, including Spain, Germany and Italy, are showing increasing signs of weakness.
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Analysts at UBS have warned that eurozone banks are “particularly exposed” having not done enough since the crisis to cut their reliance on the wholesale funding markets and remain acutely sensitive to the withdrawal of liquidity from the inter-bank market.
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Simon Adamson, a banks analyst at CreditSights, said it was clear many eurozone banks had been having trouble funding themselves for several months. “Clearly there are some banks that are finding it difficult to access markets. I think this is a long term sign of the way the markets are going,” he said.
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Spanish banks have become the main focus of market concerns with the latest European Central Bank (ECB) figures showing that Spanish banks have been forced to increase their use of ECB lending facilities and borrowed a total of €58bn (£51bn) in May, up from €44bn in April.
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“We have been amazed at the ability of Spanish banks to find ways to fund themselves, but it is clear they are running out of options,” said one senior analyst at a major investment bank.
end
Germany’s E.Coli SuperBug Found To Contain Bubonic Plague DNA! Is the World Facing Genetically Modified, Weaponized E. Coli?
- The E.Coli outbreak in Germany definitely looks like a bio-engineered weapon. The Illuminists are running their depopulation agenda.
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Mutant Strain of E Coli Bacteria Causing European Outbreak
by Ryan Dube. http://www.topsecretwriters.com/
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Is the World Facing Genetically Modified E. Coli?
The new strain of E. Coli seems almost genetically modified not only to be especially toxic, but there are indications that it specifically avoids infecting children. This strain of E. coli is causing HUS in adults. Not only that, it is also avoiding children, and seems to be focusing primarily on women. According to Dr. Dilys Morgan of the Health Protection Agency, adults typically do not have HUS, children do. Dr. Morgan told reporters:
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“It mainly affects young children and older adults, but what we’ve seen is predominantly young females getting this condition.”
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University of Aberdeen microbiologist Hugh Pennington went even further to state that the outbreak is specifically not affecting children.
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“This outbreak is unusual in that it doesn’t seem to be targeting young children. Children under five have had a very hard time with this kind of bug in the past, they seem to be escaping it, maybe just due to the nature of the food that’s causing the problem.”
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E. Coli as a Biological Weapon
E. Coli has long been considered by biological weapons experts as a weapon of choice. For example, in the 1960s, as revealed by a declassified MoD report, the Porton Down laboratory in Ireland conducted trial bio-warfare tests with the bacteria near two population centers – Swindon and Southampton.
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The tests involved releasing the bacteria into the environment and the report referred to the bacteria as especially valuable in that “highly satisfactory results” could be achieved with such a weapon.
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In 2002, the CDC studied disease reporting laws for twenty-four biological agents that could be used as weapons, including anthrax, botulism and E. coli. In developing the list of agents, officials focused on factors like morbidity and mortality, the stability of the agent that allows for distribution in a population, the ease with which it can be mass produced, and especially the use of such an agent to create public fear and “potential civil disruption.”
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… for the full article click here!
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Dr. Rima Reports: Weaponized e. Coli Found to Contain Plague DNA
They tell us the “Super bug E. coli 0104:H” is terrorizing Germany, causing otherwise healthy people to develop Hemolytic-Uremic Syndrome (HUS) in which their kidneys fail, their red blood cells explode and then, tragically, they die.
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E. coli is found in the guts of every mammal and is generally harmless. In fact, it is present in massive quantities: half of the volume of the normal bowel excretion is made up of their huge numbers. But when a good germ goes wrong, it can cause disease in the host or anyone who picks it up through contamination or lack of hygiene.
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And E. coli 0104:H4 has gone very, very wrong, with, it would appear, quite a bit of help from its friends. Mike Adams, the intrepid Health Ranger, revealed to the English speaking world that this extraordinarily aggressive E. coli (from a family of bugs which are normally passive and non-aggressive in the extreme) had been systematically genetically altered through laboratory manipulation, to be totally resistant to 8 classes of antibiotics.
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Natural News Article Link: http://www.naturalnews.com/032623_ecoli_fresh_vegetables.html
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Helge Karch, the director of the Robert Koch Institute (Germany’s CDC). who heads a consulting laboratory at the Münster University Hospital in Germany says that he has discovered that the super killer contains DNA from E. coli, which is what he expected. It also contains (unexpectedly for those who don’t expect such genocidal manipulations) DNA from the organism that causes plague, responsible for wiping out a quarter of Europe’s population during the Black Death (1348-1351).
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Please pay attention here: we are talking about the Black Death. Seriously.
Bubonic plague is caused by Yersinia pestis and is one of the most feared of all disorders. So when Dr. Karch blithely assured the German population that there is little danger of an outbreak of plague from this organism, he is clearly whistling through his Spanish cucumber.
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Although we all love to be reassured, there is no one on planet Earth who can reassure us that we are not already facing a new plague. This one, however, rather than resulting from an unplanned, but wildly toxic combination of rats, lice and history, would be the intentional outcome of an unnatural selection process and a high-tech genetic manipulation to create a death bug. A weaponized bug.
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Deny the genocidal agenda at your peril. I, for one, can see no reasonable option to the conclusion that the mad [wo]men at the helm of the realm are consummate murderers, killing randomly for their own unspeakable ends.
end
Japan’s Sovereign Debt Crisis Has Reached A Critical Stage!
- Although all eyes are on Greece right now, America is in an even worse state and Japan is also facing a bigger sovereign debt crisis.
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Japan’s Sovereign Debt Crisis Has Reached A Critical Stage
by Pietro Ventani , http://www.businessinsider.com/
As the debate on government debt has taken the center stage in United States and Europe, it may be useful to take a look at Japan, the country that best exemplify, in all its complexity, the issue of sovereign debt.
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According to the McKinsey Institute, in 2009 Japan had a total debt including State, Local Government, Corporate and Households of around 471% of GDP. At 225%, Japan also has, by far, the highest sovereign debt/gdp ratio in the world and far larger than the the United States with a debt “only” at 98% of GDP. While it is beyond the purpose of this piece to explain how the country could dig itself into such hole, it is more relevant to point out that Japan has been able to finance its ballooning debt for more than a decade not only without any problem but also at an extremely low cost. And that is in spite of a decade of flat growth and an aging population. How was it possible?
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Below some key reasons:
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1. QE has been policy in Japan for more than a decade. It has been so extensive, that today the BOJ’s balance sheet is larger than the country’s GDP. To put it in prospective, it would be the same for the US Fed to have bought $15 trillion in assets instead of roughly the $2.7 trillion they purchased up so far.
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2. Japan’s high level of foreign currency reserves (about $1.1 trillion) and Japan’s undeniable exports prowess, have often been used as the argument that on a “net” (i.e. after reserves) basis, the debt is actually much lower.
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3. 95% of sovereign debt is held by Japanese, households and institutions, with foreigners only holding about 5% of total. For anyone who has been to Japan or understands its culture it is known that a Japanese would rather do harakiri than questioning Nippon credibility. It should therefore come as no surprise that there has been no material domestic challenge, so far, to the creditworthiness of their sovereign debt in spite of the objectively staggering level.
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Does the above mean that Japan will continue to be able to grow its debt forever? If history has any relevance, probably not. Rather, there are signs that the wind may be turning. The recent natural disaster have not only re-arranged Japan’s geography but the nation’s production capacity, infrastructure and, consequently, fiscal needs. While the full economic implications of the earthquake may have yet to play-out, the huge debt-load is starting to warrant a fresh look from credit rating agencies, foreign investors and, possibly, even from Japanese ones. Furthermore, their currency and gold reserves cover today only about 9% of sovereign debt and offer less and less coverage as they are largely USD denominated. The USD has lost 32% of its value against the Yen over the last decade and stand to loose even more as the Federal Reserve seems bent to use inflation as a way to cure America from its own debt problems.
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The word “credit” comes from the Latin credere = believe. The Japan case clearly shows that debt can escalate to extreme levels until the credit-worthiness of the borrower comes into question. It is becoming apparent however, that, should another global financial seizure like the one experienced in the fall of 2008, we may see the proverbial “house of cards” coming down.
end
Bob Chapman: The Collapse of Nations All By The Hand Of Corrupt Bankers!
- Take it from Bob Chapman, Stan Monteith, Myron Fagan …. all the old hands exposing and fighting the Illuminati for more than 50 years! Illuminist banksters are executing their end game plan to take over the world and force through their Luciferian New World Order! Any nation which rejects their New Monetary Hegemony, One World Currency, Global Supra-National Central Bank –> ’666′, will face war!
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The Collapse of Nations All By The Hand Of Corrupt Bankers
by Bob Chapman, International Forecaster
As far as we can discern the US Treasury thus far has spent and borrowed about $100 billion from the federal pension accounts. Unless there is a vote on the cash debt extension prior to August 2nd, government will probably have borrowed some $250 billion to $300 billion. The Treasury is paying virtually no interest on this debt. Three-month Treasury bills are currently yielding zero percent. Our question is how will the funds be generated to fulfill the Treasury’s obligation to the pension fund? What happens if on August 2nd if legislation is not passed? Does this go on forever? We will keep you apprised on new developments.
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The current situation regarding the state of recovery in the US has turned from precarious to dismal and as we predicted a year ago May we will have to be treated to QE3 something no one really wants, but as we said before it is inevitable. The Fed and their controllers, the member bank owners of the Fed, know the present approach doesn’t work and it is only a matter of time, as a result of their policies, when more stimulus will be needed, which in turn leads to more inflation.
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Due to the current state of affairs Fed Chairman Bernanke has been making one appearance on TV after another. He gets grilled over and over again and he doesn’t like the public reception at all. He shouldn’t, as more and more observers see that two quantitative easings haven’t worked. They cost at least $3.6 trillion in funds created out of thin air, and all they have done is prolong the agony. The flip side is the policy has caused higher inflation. What else can one expect when deficits astound and the Fed has to buy $1.6 trillion in Treasury bonds. A large percentage of this debt is used to wage perpetual war for perpetual peace. During this process the President has bypassed the Constitution and is deliberately repressing the freedoms of American citizens. There no longer is a separation of powers, but virtual dictatorship bought and paid for by Wall Street and banking.
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It should be firmly implanted in your mind that your masters in government and those controlling government brazenly and arrogantly believe that they know better what is good for you, than you do. That is why when they speak to you their answers are dripping with condescension – as if to say, how dare you question what we tell you. Fed Chairman, Mr. Bernanke, is a perfect example of this. He, others and his predecessors have created a false economy based upon perpetual debt and upon money and credit being created out of thin air. Today that is accompanied with zero interest rates, a combination that in time can only bring a falling dollar, inflation and a collapsing economy. Mr. Bernanke appears to believe that an increased supply of money has little or no effect on the comparison between money and the prices of goods. He has to be living in a fairy tale land. Thinking such as this can only end up making a bad economic situation worse.
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For more than a month the US has been faced with the task of extending the short-term debt limit. The game that is being played is that one side wants to cut the deficit and the other side does not. In reality both sides do not want to cut anything, or should we say the elitists who control these supposed representatives of the people do not want anything cut. They want the game to continue, so they can continue to loot the economy, an interesting take on this sideshow is if Treasury debt is not increased the situation grinds to a standstill.
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Congress, the President and the so-called negotiators want an increase in this short-term debt of $2.4 trillion. That would be a short-term debt limit of $16.7 trillion to carry the debt limit past the next election. The offset of reduced spending is to come over the next ten years. How ridiculous and ludicrous. Do they really expect us to buy this charade?
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The most recent strategy by the elitists is to keep Japan’s problems under wraps. Just do not let it into the media, even though some Japanese officials say the island could become uninhabitable. This is also why President Obama went to see Chancellor Merkel in Berlin. He urged her to make a deal to settle the Greek problem. He doesn’t understand that such a deal would make her and her party, the CDU, unelectable for a long time. The German citizens want Greece cut loose. They’ll take the losses and the result is many banks will go under. The President is as well trying to bolster his approval ratings.
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… for the full article click here!
end
Bob Chapman: Warnings Of A Great Depression or Hyperinflation!
- Bob Chapman: Warnings Of A Great Depression or Hyperinflation
http://theinternationalforecaster.com/
Unemployment at 22.4% is causing a run on assets of retirement funds. That is probably why legislation is being introduced to limit how much money can be removed from these investment vehicles. About 11% of participants have taken out loans over the past year, up from 9% y-o-y. In overall total 22% have loans out and the numbers are accelerating. Almost all the loans will never be paid back. Hardship is forcing people to withdraw, as well as those who believe that government will try to commander 401K’s and IRA’s to fund a bankrupt government, that wants to replace those vehicles with bogus government guaranteed annuities.
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If the extension of the short-term debt is not legislated by August 2nd, we may see legislation regarding a takeover of some retirement plans. As this possible misuse of Americans hangs in the balance, inflation plods, relentlessly onward and at the current rate of acceleration we could see hyperinflation two to three years down the road. We projected 14% inflation before the end of 2011 just over a year ago, and we have six months to go to make it to that level. There is no way to avoid what is coming whether it is hyperinflation or straight into deflationary depression. Eventually it will be deflationary depression. The very fact that sovereign states are creating money and credit willy nilly trying to avoid financial failure is surely proof that they are unable or incapable of generating sufficient revenue to satisfy their debt obligations. Currencies are inflated and depreciated in order to pay back debt with less valuable currency. This is the mode that the US dollar and many other currencies are in today. All currencies for the past eleven years have fallen more than 20% annually versus silver and gold and there is good reason for that, they are all being deliberately devalued not only against one another, but versus gold and silver as well. That means that if this policy continues the US dollar and other currencies will eventually go into default. The unavoidable conclusion has to be an eventual dollar and dollar related collapse of things denominated in US dollars. What lies ahead has some uncertain aspects, as to which route will be taken. Presently it is inflation that probably would lead to hyperinflation and then collapse into deflationary depression. At first buyers will perceive less purchasing power, then they will be frightened as the dollars buys less and less, then like a thunderbolt hyperinflation strikes. The public will be ill prepared not having listened to those few who predicted such an event. They will generally speaking not be prepared. Once hyperinflation hits there will be chaos just as there was between 1921 and 1923 in Weimar Germany and most recently in Zimbabwe. Markets will be empty of food, clothing and everything else. It all will have been sold or perhaps even looted. This will happen overnight as the dollar becomes worthless and the country’s social fabric disintegrates. At this stage no one will want to accept dollars in exchange for anything. Barter will begin and gold and silver coins and bullion will become the medium of exchange.
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The most important aspect of the inflation, hyperinflation, followed by deflationary depression is its effect on prices of things such as goods and services. Financial assets will degenerate in value usually between 70 and 90 percent, as witnessed during the last US “Great Depression.” The only assets that retained value and purchasing power were gold and silver related assets, which rose in value and buying power. By the end of 2011 we should see 14% real inflation as we predicted over a year ago. If QE3 type of polices are followed next year we’ll see 25 to 30 percent and in 2013 50 percent or more. That is the beginning of hyperinflation. This happens due to the excessive creation of money and credit by the Federal Reserve, an entity that represents private banking interests. All currencies in today’s world, except a 5% to 7% backing in gold of the euro, are fiat. They have no backing whatsoever other than the good will of the issuer. What you are about to see is nothing new. It has been practiced by governments and bankers for more than 1,000 years. Mankind seems to learn little from their mistakes, making the same stupid mistakes over and over again. There are always those few who have read history and understand the mistakes of the past and plan for the future. They are the survivors and they are the ones who take the time to read articles such as this and prepare for the difficulties ahead.
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… for the entire article click here!
end
Dr. Webster Tarpley: The Elite’s Plan for Global Extermination Exposed !
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The Elite’s Plan for Global Extermination Exposed by Dr. Webster Tarpley
www.Infowars.com
In this interview, Dr. Tarpley reviews the writings of John P. Holdren, the current White House science advisor. This interview conclusively exposes scientific elite’s true agenda, world-wide genocide and the formation of a global government to rule.
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Historian and author Webster Tarpley exposes how White House science czar John P. Holdren, who infamously co-wrote a 1977 textbook in which he advocated the formation of a “planetary regime” that would use a “global police force” to enforce totalitarian measures of population control, including forced abortions, mass sterilization programs conducted via the food and water supply, as well as mandatory bodily implants that would prevent couples from having children, is a Malthusian fanatic in the tradition of the arcane anti-human ideology that originated amongst British aristocracy in the 19th century.
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Holdren calls himself a “neo-Malthusian” in his own book, and as Tarpley explains, is a historical pessimist who has rejected the idea that America and humanity as a whole can progress through ingenuity, industry and economic growth. Instead, Holdren sees humankind as a cancer upon the earth. Holdren wants to set up a “Science Court,” where potential developments could be blocked by government decree if they don’t conform to the planned society necessary under Holdren’s “planetary regime”. He also seeks to institute “de-development” worldwide to prevent the third world from ever lifting itself out of poverty and roll things back to “pre-industrial civilization” where average life spans would not be much more than 30 years.
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Holdren’s co-author, Paul Ehrlich, is a discredited crank who wrote books in the 70′s claiming that England would not exist as a land mass by the year 2000 because of climate change. As Tarpley explains, Ehrlich’s warning of a “population bomb” has proven incorrect, with population in Europe, Japan and the United States falling when immigration is removed from the equation.
- - Revelation 11:18, New King James Version (NKJV)
18 The nations were angry, and Your wrath has come,
And the time of the dead, that they should be judged,
And that You should reward Your servants the prophets and the saints,
And those who fear Your name, small and great,
And should destroy those who destroy the earth.”
end



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