UFOs, Aliens, Abductions, Hybrids, Angels, Nephilim And “Gods” !
- 2 Thessalonians 2:9-12 (New King James Version)
9 The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders, 10 and with all unrighteous deception among those who perish, because they did not receive the love of the truth, that they might be saved. 11 And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.
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Daniel 2:42-43, New King James Version (NKJV)
42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile.
43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay.
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Genesis 6:1-4, New King James Version (NKJV)
The Wickedness and Judgment of Man
1 Now it came to pass, when men began to multiply on the face of the earth, and daughters were born to them, 2 that the sons of God saw the daughters of men, that they were beautiful; and they took wives for themselves of all whom they chose. ….
4 There were giants on the earth in those days, and also afterward, when the sons of God came in to the daughters of men and they bore children to them. Those were the mighty men who were of old, men of renown.
- - Major deception of the last days… the (Satanic) priest told us … Master’s (Satan) Grand Plan for harvesting the nations/multitudes of the earth into his cause … Just before the close of the great controversy of the forces of good and evil … It is going to be done in a unique manner … people are going to eat this stuff … Spirits (demon spirits) will declare themselves to be inhabitants of far distant planets in the galaxies … coming to warn inhabitants of planet earth of the impending destruction of the planet … unless something is done to avoid it…’
Roger Morneau, Ex Satanist
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James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard !
James Turk is correct. You can trust him on this. He is a straight shooter!
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James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard
Interview by Chris Martenson PhD, http://www.financialsense.com/
Money printing will resume after a short pause
Chris Martenson: … So, short-term, what I’m really interested in here is to start diving into where gold is going to go short-term, where do we buy gold? Do we buy it now? Over the short-term people are very concerned about the price of gold and where it’s at and where it might be headed. So with QE2 ending here at the end of this month, -we are in June right now – how do you expect the precious metals to be impacted?
James Turk: Well I think the precious metals are going to do quite well this summer. And I don’t agree that QE2 is going to end in June. It may “end” in June but it is not going to end on August 2nd because on August 2nd the US government is going to increase its spending limit probably by $2 trillion and the Federal Reserve is going to have to step in and start buying some of that government debt and run the printing presses again with all this new money creation. And I think that is what is going to light a fire under both gold and silver this summer.
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Chris Martenson: So you are of the view that QE whatever, 3, is a done deal because they are in something of a box. The federal government has enormous borrowing needs and you are of the opinion that really without the federal reserve being there, there is insufficient buying power for all the borrowing needs they have?
James Turk: Yes that’s exactly right. Look at what has happened since August of 2010 when the Federal Reserve announced QE2. During that period of time, up to the present, the US Government debt has increased about $900 billion, about $500 billion of that has been purchased by the Federal Reserve. What is happening is that the US Government is spending so much money it is forcing it to borrow more money than the market is willing to lend to it. When that happens, only two things can happen: spending has to be cut back or the Federal Reserve steps in and buys that government debt and turns it into currency. And that is what QE is all about. This policy of buying government debt is going to continue once the debt limit is increased on August 2nd. Maybe the Federal Reserve will claim victory and say that they will stop QE on June 30th but the reality is it is only going to happen until the debt limit increase is approved. And I do believe at the end of the day, despite all the posturing we are seeing now Congress and the President are going to approve a $2 trillion debt increase by August 2nd.
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Chris Martenson: So really we are talking about July as a possible pause. And I have my concerns about that because we are looking at the data here for the first week in June roughly and what I’m seeing is a lot of weakness out there. The Feds’ so-called mandate around employment, around economic growth, there is a lot of weakness in that data right now. So you are of the opinion that QE if it does pause will only maybe for a month.
James Turk: Yes, maybe for a month unless Congress finally chooses to act sooner than August 2nd, although I don’t expect that to happen. It is really just a question of numbers and mathematics, Chris. The US Government has to stop spending so much money or the Federal Reserve has to come in and turn that government debt into currency, those are the two alternatives. And I don’t see any discipline or intent by Congress to stop spending.
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Chris Martenson: Yes, everything they have done so far is a bit of a dog-and-pony show without much substance; $30 billion, $90 billion. Please, that is meaningless at this point. And when we go over to the other side of the pond we see that Europe also has just extraordinary funding needs right now. They are using all sorts of fancy terms for a Greek default which will probably be the first of several shoes. But when you add it all up it looks like there is, again, enormous funding gaps there and the need for a massive amount of liquidity. What is your view of Europe then? Is Europe going to print? The ECB – are they too in a box or will they actually go for austerity and allow the chips to fall where they lay?
James Turk: No, they have been printing all along and, in fact, I think they are going to continue to print as well. You know, the turning point here in Europe was last May, May 2010, when the politicians got together when the Greek crisis sort of erupted and became quite serious. And on Monday morning after the politicians met, Mr. Trichet, the President of the European Central Bank, said that he is going to start buying Greek bonds, despite his pledge not to buy sovereign debt of any country. And despite the fact that it is against the EU Constitutional Principals for the ECB to be buying and sovereign debt. You know, the law is basically just being ignored. It is being ignored by 13 of the 16 Euro-zone countries who have debts exceeds 3% of – deficits, excuse me – 3% of GDP. So the rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there is going to be some massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.
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…. for the full article click here!
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Gold Price Hits Record High As The Bernank Hints at QE3 !
Remember the Golden Rule: He who has the gold makes the rules!
- Gold is on a tear this week. The price of gold is a calamity indicator. The higher the price is, the market is signalling fear and trepidation. All eyes are on the Eurozone sovereign debt crisis. Will the dominoes start to fall soon, in autumn or ??? There is nothing else needed for a catastrophic collapse. All the triggers needed for the end of the current financial and monetary system are there. Do not wait to buy physical gold/silver! They are insurance against a global banking system meltdown!
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Gold price hits record high!
by Graeme Wearden, guardian.co.uk
Fears over inflation and European debt drive price of gold to $1,587 an ounce
The gold price reached record highs on Wednesday as investors scrambled for safe havens in the face of Europe’s escalating debt crisis. Fears of higher inflation also helped to push up the precious metal by 1.2%. It hit its highest point of $1,587.46 per ounce after Ben Bernanke, chairman of the US Federal Reserve, hinted at further efforts to stimulate the American economy.
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The gold price has now posted its eighth consecutive daily rise, gaining $100 per ounce since the start of July. Other precious metals also rallied, with silver gaining more than 5% to $38.30 per ounce.
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Analysts said that gold was benefitting from fears that Spain and Italy will become the next members of the eurozone to need financial help. “With European sovereign debt fears intensifying again, [and] little clarity on what eurozone officials intend to do next … gold has been a beneficiary,” said UBS analyst Edel Tully in a research note. “This should, in theory, be gold’s time to shine as a safe haven and as an alternative currency.”
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Gold has more than doubled since December 2008, and Bank of America-Merrill Lynch forecast on Wednesday that it would continue to rise for the next five years. Bernanke told the House of Representatives financial services committee that the strength of gold reflected “global uncertainties” and worries that the global economy faced a major crisis.
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Eurozone hits the fan: Gold price surging; Silver begins to make a move
by Lawrence Williams, http://www.mineweb.com/
The Eurozone crisis goes from bad to worse and QE3 looks to be on the horizon in the U.S. again. Gold and silver have moved up sharply and this path could well continue as bad news proliferates.
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LONDON – For some weeks and months now, commentators writing on Mineweb have seen the current Eurozone debt crisis escalating to the point of defaults and despair. To a great extent the general public has let it pass by. Probably 99% of the population has taken the view that this is some temporary phenomenon and won’t impact their lives. But this head in the sand attitude is at last beginning to change – in Europe at least – and no doubt the realisation is beginning to dawn across the Atlantic that this is not just a European crisis, but a global one. Many of the problems that are currently besetting the Eurozone are endemic in the U.S. at state level too and slowly, but surely, as poor economic data belies any talk of economic recovery, the realisation that things may get far worse before they even start to get better is beginning to dawn in the world’s biggest economy as well.
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Today in Europe the mainstream news broadcasts are full of Eurozone debt related stories: Irish debt downgrade to junk status following Portugal; talk of Greece being allowed some form of default; the looming debt crises in the big economies of Italy and Spain – the Eurozone’s third and fourth largest – coming to the fore again. We are looking at financial collapse in a string of possible defaults across Europe and if they occur one doesn’t see how the global banking system can survive. Those who have been preaching that gold may be the only investment out there which stands much chance of preserving one’s wealth – the ultimate safe haven – look like their views may be being vindicated as I write with the gold price jumping up through $1570 and back within a hair’s breadth of its intra-day high of a couple of months ago. It is almost certainly going to set a new London Fixing record this morning (indeed will have done so by the time this article sees the light of day) and the breach may extend all the way up to $1600, although last time we saw that coming back at the beginning of May we were quickly disillusioned. But this time it looks to be different!
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There is now again official talk in the U.S. of a continuation of some additional financial stimulus from the Fed being necessary to prevent the U.S. economy falling into recession again – QE3 by any other name – and even China, which has been seen as the globe’s saviour with its seemingly unending economic growth is facing severe inflationary pressures which are forcing the government there to tighten ever more which ultimately has to dent that economy’s advance, although still only back to a level that most Western governments would give their eye teeth to achieve. The QE3 talk dented the dollar, which had been rising against the Euro over the previous few days, giving another boost to the dollar gold price.
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… for the full article click here!
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Gonzalo Lira: The Beginning of The End of Europe!
Will not be missed !
- The Eurozone experiment is coming to an end. The Illuminist plan is for a global monetary crisis. All major fiat currencies will be under attack and collapse. With their collapse, the minor currencies will not survive too. Thereafter, in the midst of the great chaos they will create, the Illuminists will introduce their One World Currency and Global Supra-National Central Bank. All who resist will be demonized as ‘terrorists’ and bombed ! Got gold yet?
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The Beginning of the End of Europe
by Gonzalo Lira, http://gonzalolira.blogspot.com/ , 12 July 2011
Yesterday, the European contagion spread to Italy and Spain. The sovereign debt of those two countries swooned—for no discernible reason. No discernible reason whatsoever: The Italian and Spanish bond markets just sort of . . . plopped, like when a learning-to-walk toddler suddenly plops on his behind? Exactly like that: For no reason whatsoever.
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The only conclusion that I can draw from this Monday swoon is that we’ve hit the tipping point: This is the start of the eurozone endgame. It is now only a matter of time before the eurozone breaks apart. Therefore, get back in your seats, buckle up, and brace yourselves good—‘cause it’s gonna be a bumpy ride.
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Let me explain my thinking:
For those of you who somehow have missed out on this movie: Europe has been in trouble because the nations of the periphery—Portugal, Ireland, Italy, Greece and Spain, the so-called PIIGS—have massive sovereign debts which they simply cannot pay.
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Regardless of how the debt of the PIIGS got to be the size that it is, none of them can survive without cash: Cash to maintain their government services, and cash to pay off their debts. In the case of all the PIIGS, they need more debt in order to raise the cash they need to pay off the old debt. They are simply not generating enough revenue to survive.
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What do you call it, when a borrower has to take out more loans to pay off the maturing debts? A Ponzi scheme. ‘Nuff said. Greece was on deck for more loans to pay off the old loans. The International Monetary Fund (IMF), the European Council (EC) and the European Central Bank (ECB) had put together a bailout package, coupled with Greek promises of austerity and higher taxes, as well as a complicated contraption to roll over some of the maturing Greek debt.
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In the Grand Scheme which is the European Union, Greece is a bit player: It’s GDP is roughly a couple of percentage points of the whole eurozone—nothing to get into a twist over. ….but Italy has the third largest sovereign debt in the world, topped only by Japan’s and the United States’. Over $2 trillion of its debt comes due over the next five years. And Spain is not that far behind, if you add the regional debts of the autonomous regions, and the fact that the enormous Spanish banking sector is teetering, and will very likely need to be bailed by the Spanish government.
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In short, Italy and Spain are simply Too Big To Bail-out. Hence the troika—the IMF, the EC and the ECB—was trying its mightiest to bail out Greece and use it as a firewall to stop the sovereign debt crisis from spreading across the eurozone. Too late: As of yesterday, Monday July 11, the tipping point was reached, insofar as market fears of Italy and Spain.
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Monday was when Spanish 10-year bonds suddenly crossed the 6% yield mark, reaching highs not seen since 1997; the spread between Spanish and German debt is the widest in eurozone history. Meanwhile, Italy’s 10-year also hit records—5.67% yields—also records since donkey’s ears.
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What happened Monday wasn’t a panic, precisely: It was more of a pre-panic. Think of it like a sharp tremor before The Big One: A taste of what a true sovereign debt panic would be like.
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Now, why is this happening? That is, why is this happening now—what triggered it? Nobody knows—and that’s precisely the problem. It could have been the ECB’s decision last week to raise interest rates 25 basis points to 1.5%—even as there is no inflationary smoke anywhere on the eurozone horizon. It could have been the IMF’s Christine Lagarde trying to sound tough over the weekend, saying essentially that all options were on the table with regards to Greece, including default. … There are tons of explanations. But really, nobody knows why the eurobond markets swooned yesterday.
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Ultimately, what triggered this swoon is a pointless question—like asking which of the last five straws broke the camel’s back. As it is, if it hadn’t been overloaded, this particular camel—or rather, this particular PIIG—would have been able to easily stand up to any one of those straws. But on Monday, a tipping point was reached—the camel’s back was broken—the glass began to overflow: Pick your metaphor—the result is all the same:
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The bond markets all now believe that Italy and Spain are in serious trouble—which is of course a self-fulfilling prophecy.
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A lot of economists—Paul Krugman and his fluffer Brad DeLong are a case in point—swerve between dismissal of the so-called “Bond Vigilantes”, and berating them. But these none-too-clever fellows miss the point: The bond markets matter for the single, inescapable fact that they provide the money for the party.
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The sovereign governments go out and offer their bonds to the market. And the markets go and buy their issuance—so long as the bond markets trust them. But if the bond markets lose that trust—if they no longer believe that the money they lend is gonna get repaid—then they don’t buy the sovereign bonds. If they don’t buy ‘em, then the governments won’t have the cash to pay for the services they provide as well as pay for the maturing debt.
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If the governments don’t have the cash to pay for their obligations, then they default—then they’re broke. It really is that simple. Monday was the unequivocal signal that the eurobond markets no longer trust Italy and Spain.
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…. for the full article click here!
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UK Banks Abandon Eurozone Over Greek Default Fears!
- The market is sensing severe danger dead ahead and are reacting accordingly. Make sure you take precautions for this crisis. The PIIGS will default and bring down the entire Eurozone. It is a matter of when? The timeline is at most a year. It could also be any day now! When this crisis comes, it will destroy the Euro, UKP, JPY and finally USD. Got gold yet?
- - See also Reggie Middleton’s excellent blog : It Should Be Obvious To Many That The Risk Of Defaulting Sovereign Bonds Can Spark A European Banking Crisis!
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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.
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In its interim management statement, published in April, Barclays reported a wholesale exposure to Spain of £6.4bn, compared with £7.2bn last June, while its exposure to Italy has fallen by more than £100m.
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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. 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.
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… for the full article click here!
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Merrill Warns of Major Global Crisis Over Italy!
- The Illuminists are simply buying time and lining up all the dominoes for a catastrophic sovereign debt crisis collapse. All fiat currencies are in danger. Gold is hitting record highs in Euro, UKP, USD and in many other currencies. The smart money is fleeing fiat currencies into hard assets like gold/silver. Both precious metals are starting the next phase of the bull rally. Expect gold US$3,000/oz and silver US$100/oz in 6-12 months easily! Fiat currencies are a CONfidence JOB imposed upon the sheeple by criminal Illuminist banksters! When the sheeple wakes up, there will be a massive stampede into precious metals.
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Merrill warns of major global crisis over Italy
By Barbara Kollmeyer
MADRID (MarketWatch) — A further deterioration in Italy’s bond market could threaten the global economic recovery and lead to “tail risk scenarios for global financial markets,” warned Bank of America Merrill Lynch in a note to investors on Tuesday. “As the third largest bond market in the world, after Japan and the U.S., Italy could be systemic. Funding pressures in Italy, and even more so a sovereign crisis, would have implications, in our view, that would extend well beyond the euro zone,” the analysts said.
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They added that markets appear to be nderestimating such risks with volatility low and the euro relatively strong. The analysts said unless euro zone leaders considerably strengthen the European Financial Stability Facility immediately and Italy resolves its political issues and adopts a more “credible and frontloaded fiscal consolidation plan,” along with “ambitious structural reforms,” the spike in Italy’s borrowing spreads over Germany could “snowball into a major crisis for the global economy,” substantially knocking the euro.
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Greece Gets World’s Lowest Rating by Fitch in Catch-up Downgrade!
- If you believe all these ratings agencies you are going to lose a ton of money. Will they ever rate America correctly as junk! Of course not! Their heads will be at the ends of many double barrel shot guns. All the PIIGS are junk. You don’t need to be a genius to figure it out!
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Greece Gets World’s Lowest Rating by Fitch in Catch-up Downgrade
By Lorenzo Totaro and Marcus Bensasson
July 14 (Bloomberg) — Greece’s credit rating was cut three levels to Fitch Ratings’ lowest grade for any country in the world as the company followed rivals and said that a default is a “real possibility.”
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The move to CCC from B+ “reflects the absence of a new, fully funded and credible” program by the International Monetary Fund and the European Union, the ratings company said yesterday in a statement in London. It also reflects “heightened uncertainty surrounding the role of private creditors in any future funding, as well as Greece’s weakening macroeconomic outlook.”
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Fitch is the third ratings company to cut Greece to the bottom tier of its rankings, reflecting concerns that a new aid package being negotiated for the nation will inflict losses on investors. Greece was downgraded to Caa1 by Moody’s Investors Service on June 1 and CCC by Standard & Poor’s on June 13.
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“We’re so far past the stage with Greece where ratings themselves make a difference because they’re all so low,” said Vincent Truglia, managing director of economic research at New York-based Granite Springs Asset Management LLP and a former head of the sovereign risk unit at Moody’s. “What’s more important is what the effects will be when Greek debt is essentially rescheduled and the effect on the periphery.”
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Default Risk
Fitch’s new assessment “encapsulates substantial credit risk and acknowledges that default is a real possibility,” it said in the statement yesterday. “As previously stated by Fitch, private sector involvement would likely be viewed as a sign of sovereign credit impairment and could trigger a rating default event.”
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Ron Paul vs Bernanke: Is Gold Money?
- Ben Bernanke Makes Insane Comments On Gold
By Lee Rogers, Roguegovernment.com, http://theintelhub.com/
Ben Bernanke who today was testifying in front of a Congressional Committee made the assertion that gold is not money during an exchange with Congressman Ron Paul.
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He even went as far to say that central banks only hold gold because of tradition. Of course, both of these statements are completely absurd because gold has been recognized as a form of money for thousands of years and is still today recognized as a storer of value. The reason why the gold price keeps going up is because people recognize it as something that will maintain value in the face of economic uncertainty.
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Central banks hold gold because it represents real wealth where as monetary units like Euros, Dollars, Yen and other currency systems are nothing more than an illusionary concept that is only based on the premise of people’s confidence. These currencies are either printed or created on computer systems as digital credits and are not backed by any real financial asset.
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Regardless of what you think about gold or other precious metals, it is a historical fact that gold has maintained its value for thousands of years and for Bernanke not to recognize this very simple concept is more proof that his agenda is only to promote confidence in an otherwise broken system.
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Most people don’t understand how the central banking systems of the world work and this is why Bernanke and other assorted central banker bozos can get away with making insane statements such as the ones Bernanke made today.
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The reason why governments around the world maintain huge piles of debt on their books is because the system is designed to facilitate that exact phenomenon. The central banks of the world create money out of nothing and loan that money at interest to governments who give them bonds or debt in exchange.
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This forces the people into perpetual debt enslavement as the governments implement draconian taxes on the population to pay the interest they now owe back to the central bank. This system is nothing more than a pryamid scheme much like the types of scams that people like Bernie Madoff and other white collar criminals have run.
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…. for the full article click here!
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Special Award For “The Bernank”, Ben “Gold Isn’t Money” Bernanke!
I am feeling very charitable today! It is time we recognize the monkeys who run the zoo!
About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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