- The entire industrialized world is facing insurmountable catastrophic level of debts. The Illuminist banksters are telling us we need more debts to solve this debt problem. What they are really working towards is a total global financial meltdown!
Never mind Greece – look at BRITAIN’S deficit
By Daniel Hannan , http://www.telegraph.co.uk/
Anyone feeling smug about the Greek crisis should take a quick dekko at our own statistics. Spending in April and May was 4.1 per cent higher than during the equivalent period in 2010. Government borrowing was £27.4 billion, up from £25.9 billion the previous year. This additional debt comes despite a series of tax rises: VAT, fuel duty, income tax and National Insurance have all gone up.
In other words, despite everything we keep reading about “the cuts”, spending and borrowing are both higher now than they were under Gordon Brown. Since the Coalition took office, our national debt has increased from 53 to 61 per cent of GDP.
Not that ministers are wholly to blame for these figures, of course. Labour bequeathed a country in recession, with falling tax receipts and rising social security payments. A large part of the increase is accounted for by the interest payments on the debt racked up during the wastrel Brown years. Most of the rest has gone on overseas aid, healthcare and a whopping 74 per cent net increase in our contribution to the EU budget.
Still, it’s worth remembering that some of our bailout money is going to governments with smaller deficits than our own. Can we afford, in the circumstances, to borrow a further £12.5 billion in order to prop up a currency which we declined to join?
“We’re talking about the credit default swaps. There is a crisis in the derivatives again that nobody sees, but many people know. … Modern derivatives have some degree of margin behind them, but not enough that could possibly survive a default on Greece tomorrow followed by all of the weaker nations of the EU. .. their ability, taken as a whole, to guarantee the debt of sovereign nations is simply not there. If you think that the banking system of the western world is strong enough to guarantee the debt of the western world, you’re totally out of your mind. … they’ll do everything possible to paper over the Euro crisis to prevent the defaults in order to prevent another crisis in banking that definitively would occur, that absolutely would occur from a default. This fact is ravingly positive for gold. You would have a complete collapse of the western banking system if Greece goes down.” - Jim Sinclair on KingWorldNews
- If you think Lehman 2008 crisis was bad, what is coming is many times worse. It is a sovereign debt crisis leading to the bankruptcies of: UK, Japan, Eurozone and US. When the financial tsunami sweeps, the entire globe will be engulfed. I do not believe that Asia will escape.
Trichet Says Risk Signals Are Flashing Red as Debt Crisis Threatens Banks
By Jeff Black and Gabi Thesing, http://www.bloomberg.com/
European Central Bank President Jean-Claude Trichet said risk signals for financial stability in the euro area are flashing “red” as the debt crisis threatens to infect banks.
“On a personal basis I would say ‘yes, it is red’,”Trichet said late yesterday in Frankfurt after a meeting of the European Systemic Risk Board, referring to the group’s planned“dashboard” to monitor risks. “The message of the board is that” the link between debt problems and banks “is the most serious threat to financial stability in the European Union.”
Trichet, who chairs the ESRB, made the remarks as European leaders meet in Brussels to discuss how to stave off a Greek default, while preparing a second bailout. The EU is trying to avoid a repeat of the financial crisis that followed the 2008 collapse of Lehman Brothers Holdings Inc. (LEHMQ) and resulted in European governments setting aside more than $5 trillion to support banks.
The yield difference, or spread, between 10-year German bunds and Greek securities of a similar maturity was at 1,388 basis points today, up from 1,317 at the beginning of the month. Swaps on Greece rose 25 basis points to 2,012, signalling an 82 percent chance of default within five years, according to CMA.
Greek bonds have been pushed lower as authorities bickered over ways to support the nation. The ECB and the German government have clashed over how much investors should contribute to alleviating Greece’s debt load, which reached 143 percent of gross domestic product in 2010. The German government has argued for an extension of the maturities of Greek bonds, with the ECB saying it opposes anything that could be interpreted as a default.
While Greek Prime Minister George Papandreou earlier this week won a vote of confidence, bolstering his new government’s chances of pushing through austerity measures to secure further financial aid, European finance ministers said earlier this week they would hold off on approving a 12 billion-euro ($17 billion) payment to the country promised for July until passage of the plans to cut the budget deficit and sell state assets.
“European leaders will try and convince Greeks and financial markets when they meet in Brussels today and tomorrow that they have a workable plan to help Athens avoid a debt default,” said Alan McQuaid, chief economist at Bloxham Stockbrokers in Dublin. They’ll use a “mixture of arm-twisting and moral support” to force Greece to adopt further reform.
- No amount of manipulation from the bullion banksters can hide the fact that more and more people are fleeing fiat currencies into physical gold and silver!
Silver-Coin Sales Booming at Perth Mint on Demand for Haven
By Jason Scott, http://www.bloomberg.com/
Silver-coin sales from Australia’s Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.
The mint sold 10.7 million 1-ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That’s 66 percent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of 1-ounce gold coins will be close to a record, he said.
The soaring demand adds to signs investors are stepping up precious-metal purchases as Europe’s governments tackle a sovereign-debt crisis and central banks led by the U.S. Federal Reserve print cash to stimulate their economies, potentially devaluing paper currencies. Silver, the second-best performing commodity over the past year, rallied to a record in April.
“Silver’s still booming and it’s been going strongly for a year,” Currie said in interview yesterday from the mint inWestern Australia’s capital. “A lot of the buying is by people new to the market,” with European and U.S. investors the most active international purchasers of the mint’s products, he said.
Gold has become the preferred “coin of the realm” during Europe’s sovereign-debt crisis, Dennis Gartman, editor of the Gartman Letter, said in May. There is a “distinct possibility”that Greece, which is seeking additional financial aid, may leave the euro zone and go back to the drachma, Pictet & Cie Chief Investment Officer Yves Bonzon said in London yesterday.
“Sales of gold coins in Greece have risen considerably as nervous savers shift out of cash deposits,” UBS AG analyst Edel Tully wrote in a note today, citing a report in the Financial Times. “This ties in with our own sales of coins and small bars to Europe which have accelerated in recent days.”
Global precious-metals sales have also been fueled by concerns that inflation may accelerate, especially in India and China, with the World Gold Council this month predicting a“tidal wave” of demand from the two largest users. China will more than double the planned output of official gold panda coins this year to 1 million ounces, according to the central bank.
The Perth Mint, producer of about 6 percent of the world’s gold bullion, introduced a web-based service last year enabling Australian customers to buy gold and silver. A new silver-coin press was commissioned in April and the operations are running at full capacity to keep up with demand, Currie said.
LTC Tom Bearden: History of Weather Wars, Scalar Wave Technology, Nikola Tesla, Electro-Gravitational Waves, Kaluza Klein Theory, Woodpecker Grid …
- This is an interview of LTC Tom Bearden by Bill Jenkins of radio program “OPEN MIND”, radio station KABC. I am not able to determine the date of broadcast, probably in the 1990s.
- This is a fascinating interview of Dr. Tom Bearden on:
- History of weather warfare
– Scalar longitudinal wave technology
– Nikola Tesla’s discoveries which were hidden
– Relationship between Einstein’s theory and this missing ‘theory’
– Electro-Gravitic waves are scalar waves?
– Kaluza Klein’s 5 dimensions theory
– The Russians were the leaders in scalar technology
– Nikita Khrushchev’s warning about these weapons way back in 1960:
”We have a new weapon, just within the portfolio of our
scientists, so to speak, which is so powerful that, if
unrestrainedly used, it could wipe out all life on earth.
It is a fantastic weapon.”
Khrushchev, to the Presidium, Jan. 1960
- and many more topics…
- See also:
Lt. Col. Tom Bearden: Weather Modification & Energy Weapons ! The Science Behind It!
- This ‘Arab Spring’ isn’t what it appears to be. It is the setup for the coming Satanic World War 3 Plan.
World War III Defined: Wider War Unfolding in Middle East!
It’s time to identify the unfolding Middle East crisis for what it is– a wider world war. Elaborating on his previous video “Obama Launching World War III,” Alex Jones analyzes the more than nine years of expanding middle east conflict since 9/11, with the U.S. now engaging in 5 simultaneous proxy wars including Iraq, Afghanistan, Libya, Pakistan and Yemen.
Tensions with Syria, Russia, China and other players may further fan the flames in the region, as top globalists, including Bilderberg attendees, have announced their intention to put ground troops in Libya and kick-off a “big war” encompassing much of Africa, the Middle East and Central Asia.
Despite opposition to the wars in U.S. Congress and throughout the NATO alliance, the Nobel Peace President will continue to try and save face as he escalates deadly conflict on behalf of his masters under a “humanitarian” pretext. The elites have craftily planted the seeds of chaos under the guise of the “Arab Spring” they helped fund and organize, which is now blossoming into an all-out war that could draw in major powers and proxy regimes alike.
- See also:
Text of H.R. 2995 [109th]: Weather Modification Research and Technology Transfer Authorization Act of 2005!
HAARP Weather Modification Across America: Scalar Rays In Action!
St. Louis MO, Springfield, Chicago Illinois = 48 hr. HAARP Ring Forecast Correct!
HAARP Rings And Scalar Squares Caused MASSIVE Tornado Outbreak! (4/28/2011)
EVERY ‘HAARP RING’ From 2 Days Ago Now HIT By Tornados / Very Severe Weather!
How ‘HAARP’ Devices Make Rain!
1000 Mile Long Storm “Appears” And Hits “HAARP RING / SCALAR SQUARE” Areas! (11 April 2011)
United Nations Report: HAARP Can Cause ‘HEAVY NUCLEAR TYPE EXPLOSION’!
HAARP Weather Modification Radar Signature Over Northern California. ELF, HF, DOPE, DARN Radar Systems Explained …
Renowned Pakistani Columnist Nusrat Mirza Accuses U.S. Of Artificially Causing Japanese Earthquake: ‘The U.S. has Carried Out a Second Nuclear Attack on Japan’!
Servando Gonzalez: Japan’s Nuclear Disaster: A Natural Occurrence or Unconventional Warfare?
HAARP Magnetometer Data Shows Japan Earthquake Was Induced !
European Parliament Issues Warnings on HAARP!
Scientist Leuren Moret: Japan Earthquake, Nuke “Accident” Are Tectonic (HAARP) Nuclear Warfare! Illuminati Card Game, ‘Combined Disaster’ Card Shows It Was A Planned Disaster!
Was The Earthquake And Tsunami in Japan Caused By HAARP?
HAARP Tectonic Weapon Caused ChristChurch, New Zealand Earthquake?
Colin Andrews: Seen on Radar By Thousands Over Australia! HAARP Radar Signatures?!
Have Scientists Discovered How to Create Downpours in The Desert?
Andrew Johnson: Chemtrails, Weather Modification & Climate Change!
Weather Wars and the Devil’s HAARP!
Project BlueBeam Grand Deception, HAARP And Anomalous Earthquakes of Past Few Years!
Climate Weapons: More Than Just a Conspiracy Theory?!
HAARP Cloud Signatures!
Jim Marrs: New World Order, ‘Nazification’ of America, Man Made Diseases, HAARP, Chemtrails, Alien Agenda and More…..
David Icke: Assassination of Polish Elite, HAARP and Haiti Earthquake!
Brooks Agnew: HAARP, Earthquakes in SzeChuan China and Haiti!
Cloud ?? HAARP ?? or UFO Sighting Caught On Tape Chile 2/26/2010 !
Chile Quake Eyewitness “I saw the Sky Changing Colors!” . HAARP At Work??
Holes In Heaven: HAARP and Advances in Tesla Technology ! Mind Control, Weather Modification and Warfare!
HAARP Has Deleted Its Records From 2010-1-11.
Russian Navy: The U.S. Created The Earthquake In Haiti!
Flashback 2003: HAARP Poses Global Threat !
A Few Weather Modification Radar Signatures!
Lt. Col. Tom Bearden: Weather Modification & Energy Weapons ! The Science Behind It!
Weather Modification Radar Signatures
FlashBack: Professor Chossudovsky on Weather Warfare!
Haiti Killer Quake Caused By Scalar Weapon !
Chavez: US Weapon Test Caused Haiti Earthquake !
HAARP: The Earthquake Weapon? Weather Modification Using HAARP.
The Militarization of Emergency Aid to Haiti: Is it a Humanitarian Operation or an Invasion?
Nick Begich: Mind Control – The Rise of Invasive and Oppressive Technology!
Jesse Ventura: HAARP – Weather Modification, Military Defence and Mind Control!
Military Use of Mind Control Weapons
Nick Begich: HAARP, Weather Control and Mind Control
Mind Control: The Ultimate Brave New World by Dr. Nick Begich
Weather Warfare Weapons – Part 1
Weather Warfare Weapons – Part 2
- Support the Freedom flotilla to Gaza II. It is time to free the Palestinian people from the genocide and ethnic cleansing of Zionist ’666′ Israel. See also:
Gideon Levy: Ethnic Cleansing of Palestinians, Or, Democratic Israel At Work?!
Israel Admits It Covertly Canceled Residency Status of 140,000 Palestinians!
The Jewish Genocide of 1.4+ Million Armenian Christians!
The Bolshevik Jews Behind The Deaths of 40+ Millions During The Communist Revolution!
YNET Israel News: Stalin’s Jews. We Mustn’t Forget That Some of Greatest Murderers of Modern Times Were Jewish!
Bolshevik Jews Plotted The Ukrainian Holocaust!
Mark Weber: The Jewish Role in the Bolshevik Revolution and Russia’s Early Soviet Regime! During Which 20+ Million Russians Died !
The 2002 Jenin Holocaust of Palestinians By Zionist ’666′ Israel !
Deir Yassin Remembered ! The 1948 Holocaust of Palestinians by Zionist ’666′ Israel !
Jewish Historian Ilan Pappe: History of Zionism – Genocide And Ethnic Cleansing of Palestine!
Jewish Historian Teddy Katz: 1948 Tantura Massacre of Palestinians! Genocide And Ethnic Cleansing!
Zionist ’666′ Israeli Apartheid and The Nakba!
Forget Deir Yassin: Its Victims Were “Unworthy”! The Holocaust of Palestinians by Zionist ’666′ Israel !
Holocaustianity: Zionism’s Big Lie!
Repost: Holocaust, Hate Speech & Were the Germans so Stupid?
Bolshevik Jews Plotted The Ukrainian Holocaust!
Jack Bernstein: The Life of an American Jew in Racist Marxist Israel !
Peace, Propaganda & The Promised Land ! US Media And The Israeli-Palestinian Conflict!
’666′ Star of David, Satanic Curse / Hex(agram) On Humanity! Occult Symbol.
Jewish Estimate Sees Number of Holocaust Dead Drop To 2.8 Million!