Socio-Economics History Blog

Socio-Economics & History Commentary

Alex Jones: Police Knew Gunman’s Name Before Arrest!

July 26, 2011 Posted by | Social Trends | , , , , | 2 Comments

Thomas Mountain: Libya War Lies – Worse Than Iraq!

  • YouTube:
    Thomas Mountain authour of the widely read article by the same title – explains his perception of the real reasons for the war on Libya. Thomas C. Mountain is an independent western journalist based in the Horn of Africa, and has been living and reporting from Eritrea since 2006. He was a member of the 1st US Peace Delegation to Libya in 1987.  Read more articles by Thomas C. Mountain at http://www.foreignpolicyjournal.com/author/thomas-c-mountain/ 

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July 26, 2011 Posted by | GeoPolitics | , , , , , , , , | Comments Off

Gaza Fishermen Swamped By Israeli Gunboats And Water Cannon!

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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July 26, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off

Eurozone’s Bailout of Greece Sparks Fears of Worse To Come!

Source: http://www.telegraph.co.uk/ . Photo: Alamy

  • Spain and Italy are the ‘Too Big To Bailout’! Should they go under, the sovereign debt crisis will detonate, dominoes will begin to fall !
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    Eurozone’s bailout of Greece sparks fears of worse to come
    http://www.independent.co.uk/
    The Brussels package penalised investors and raises concerns that a dangerous precedent has been set. Richard Northedge reports
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    The market rally that followed last week’s Greek bailout could be short-lived, say financial analysts. They claim the package proposed by eurozone finance ministers fails to tackle the underlying problems and sets a dangerous precedent in permitting a country to default.
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    Simon Ballard, senior credit strategist at RBC Capital Markets, warned: “The fact that the European leaders appear to have conceded that a selective default by Greece could now be allowed to happen, given the demands for private investor involvement, could yet come back to bite us.”
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    Financial institutions holding Greek government bonds are being asked to sustain losses averaging 21 per cent – meaning they will receive back only ¤79 for each ¤100 invested. That will cost private banks and insurance companies at least ¤37bn (£33bn), and they warn that the loss may discourage them from future investment that could provide essential jobs and economic growth.
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    William Porter, at Credit Suisse, warned: “While EU funds are useful, a necessary condition for restarting growth is the re-establishment of private-sector capital flows. The plan offsets what we estimate as 10 months’ deterioration in the fiscal balance, but leaves that key issue untouched.”
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    The meeting of finance ministers on Thursday followed weeks of argument over how to solve Greece’s financial problems. The Athens government spends more than it receives in tax revenues and was unable to redeem its ¤350bn loans as they fell due – or to borrow more. The solution agreed by EU ministers is a further ¤109bn bail-out from European government bodies, but with private investors expected to accept losses.
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    Markets rose on Friday with share prices higher around the world, while borrowing costs fell in Greece – down from 18 to 14 per cent – and other troubled European countries, notably Italy and Spain. But Mr Ballard said: “We would be cautious about chasing this near-term rally too aggressively.” He warned that the combination of Greek default, the risk of the US losing its triple A credit rating and the fragile global economy mean the problems may not yet be over.
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    “The eurozone heads have not delivered a silver bullet to the sovereign-debt situation,” he said. “Many questions remain. Some significant political, fiscal and monetary challenges will have to be faced up to in the days and weeks ahead, not least of which will be ratification by all member states of what was proposed.”
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    Finland is one country that has stated its reluctance to bailing-out Europe’s over-borrowed southern peripheral nations. France and Germany only last week reconciled previous deep differences on the solution required.
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    Despite a ¤40bn package of spending cuts and a ¤50bn privatisation programme, Greece will still be running a budget deficit. Gregg Gibbs at Royal Bank of Scotland said: “Even with these significant steps, the periphery still needs to get itself on a sustainable path towards debt reduction. Greece still remains the most vulnerable, and meeting the IMF austerity targets and asset sales that it has been set will be difficult.”
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    Eurozone ministers hoped that by producing a solution for Greece’s problems they might have stopped the contagion spreading to other countries, but the markets still think problems could arise elsewhere. Mr Porter said: “This was a Greece-driven entry point, but there may well be others.” He warned of a summer of lightning strikes that could put pressure back on the single currency.
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    Greg Gibbs, a currency strategist at Royal Bank of Scotland, said: “Growth in the European economy has waned, and the periphery is the weakest link.” There is concern that rather than stop the contagion, the eurozone ministers have made other defaults easier.
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    David Simner, Fidelity International’s eurobonds portfolio manager, says: “The Rubicon has been crossed in that writedowns of sovereign bonds have been permitted and extra writedowns will be less difficult in future.”
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    Private investors are also being expected to take a further ¤12bn loss by selling bonds back to the Greek government for less than their face value, and loans that were due to be redeemed in the near future will not now be repaid for up to 30 years.
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    In addition to the ministers’ ¤109bn for Greece, other countries in the single currency have agreed to support Athens until it can return to the financial markets unaided. However, Mr Ballard said: “Cynics may suggest this could potentially put European taxpayers on the hook for funding Greece for years to come.”

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July 26, 2011 Posted by | Economics | , , , , , , , | Comments Off

Greece Default ‘Virtually 100 percent’!

  • The just concluded Euro$109B 2nd bailout of Greece will not stop the rot! The PIIGS will collapse and bring down the Eurozone and Euro. This sovereign debt crisis will spread to UK, Japan and finally USA! It appears the Illuminist snakes want to drag it out and maximize the financial rape of the sheeple. The snakes appear to want to bankrupt Germany and France too! They will bailout their Illuminist banks while shoving the bill to the French and mainly the German sheeple!
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    Greece Default ‘Virtually 100 percent’!
    By http://www.washingtonpost.com/business
    Moody’s Investors Service again downgraded Greece’s credit standing Monday, setting the  stage for a likely declaration that the country is in default as a newly approved rescue plan moves forward. In the first review by a ratings agency of the plan approved by European leaders last week, Moody’s cast doubt on the long-term impact on the conditions under which heavily  indebted euro zone countries will be able to borrow money.
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    The ratings service said the plan does improve Greece’s financial prospects for the next few years and probably will stop the problems in that country from undermining confidence in weaker nations such as Ireland and Portugal — diminishing the risk that Europe’s financial troubles will spiral into a broader crisis.
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    But the fact that Greece is likely to default on one or more of its outstanding bonds sets a  “negative precedent” that will diminish faith in other nations. Now that the 17-nation euro zone has shown it is open to a default, Moody’s said, it is more likely that other nations might try to follow suit.
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    European officials have tried to anticipate that possibility, and declared last week that the new program for Greece — a combination of $150 billion in new loans and expected concessions from private bondholders — won’t be repeated for other countries.
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    The many positive aspects of the plan, Moody’s said, needed to be judged against “the negative implications of this precedent-setting package should any country face financing challenges similar in severity to Greece’s. On balance, Moody’s says that, for creditors of such countries, the negatives will outweigh the positives.”
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    Details of last week’s agreement are still to be worked out. The International Monetary Fund must review and approve an expected increase in its lending to Greece. Greek finance minister Evangelos Venizelos is in Washington on Monday for meetings at the IMF and the U.S. Treasury to continue talks about the new package.
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    The good news: The default by Greece won’t be “disorderly,” but will proceed on a step-by-step basis as banks and other private investors sign up for a bond exchange program negotiated on the behalf of major financial institutions by the Institute of International Finance.
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    The private-sector contribution will lower Greece’s need for cash in coming years by an estimated $70 billion, which the IIF said amounts to about a 20 percent cut in the value of the bonds that will be exchanged. As big investors make those exchanges, Moody’s said the likelihood of a default declaration “is virtually 100 percent” on those particular bond issues.

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July 26, 2011 Posted by | Economics | , , , , , , , | Comments Off

Greg Hunter: Running out of Runway! Debt Ceiling Fiasco!

  • It looks like the Illuminist snakes will drag this political theatre beyond 2 Aug 2011. The intention is to destroy confidence in the USD and US treasuries. They are fulfilling their long term objective of bringing down America. They may get their puppet Obama to unilaterally raise the debt ceiling and challenge the constituition in the process. This is to lay the groundwork for the POTUS to rule by fiat and do away with Congress and House of Representatives ie. full blown dictatorship. If this is the case, they will engineer a mass panic and collapse of the global financial markets via the collapse of the debt ceiling talks and default. Obama will then declare a national emergency and assume emergency dictatorial powers!
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    Running out of Runway
    by Greg Hunter, http://usawatchdog.com/
    It looks like even the mainstream media (MSM) can see a calamity if we are right on top of one.  Finally, the dire debt ceiling negotiations between Congress and the White House were covered wall-to-wall on all the major media outlets yesterday.   No comment better describes the frightful situation America faces over its debt problem than what Treasury Secretary Tim Geithner said yesterday on FOX, “. . . we’re running out of runway.  I never thought they would take it this close to the edge and let politics get in the way of demonstrating we will pay our bills on time.”  To extend that metaphor, even if the debt ceiling is reached just before the August 2nd deadline, doesn’t mean the government can get enough altitude to clear the trees.  It will take some time to implement the new bill, and time is very short.
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    Meetings in the nation’s capital yesterday did not produce a bill that can garner approval of the House, Senate and President.  At the open of the Asian markets overseas, gold was up $20 an ounce in the first hour of trading.  It hit another record high (with many more to come.)  Who knows if the yellow metal will hold onto the gains, but that amounts to a giant vote of no confidence from overseas consumers of our dollar and debt.  Remember, there are $12 trillion in liquid assets (treasury bonds and dollars) held outside the country.  A panic over the stalled debt talks in the United States could cause massive selling of those assets.  Interest rates would spike and the value of the dollar would plunge.  It would cause immediate pain for U.S. consumers and could disrupt markets worldwide.  The stakes in Washington D.C. couldn’t be higher.  What has been called a “cloud of default” could start hurling thunder bolts and producing torrential rain in the global economy.
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    …. for the full article click here!

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July 26, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

Alex Jones: ‘Anders Behring Was Masons’ Patsy’!

  • “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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    Satanic doctrine teaches that, ultimately, the New World Order can be established in society only after a time of planned, great world turbulence and chaotic disorder. It is this very concept- “order out of chaos”- which is at the foundation of all Masonic doctrine. Significantly, Masonic initiates elevated to the 33 degree are given a “jewel” to wear proudly. This jewel is decorated with the sign of three, interlocked triangles, representing both the unholy trinity and the number 666. The jewel is also inscribed with the Latin inscription “Ordo Ab Chao,” interpreted as “Order Out of Chaos.”
    Circle Of Intrigue, Page 94, Texe Marrs
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    Here is the 33rd Degree Masonic Symbol
    The higher-level initiates are well aware that in the working of The Plan (for a New World Order), death and bloodshed- unparalleled chaos are prescribed. John Randolph Price, president of the Planetary Commission and organizer each year of a massive and worldwide “Instant of Cooperation” event, has proclaimed that the “Divine Plan” requires chaos to cleanse and purge the world before a bright, new era can emerge.

    Circle Of Intrigue, Page 100, Texe Marrs

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July 26, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | 1 Comment

Dancing With Default !

July 26, 2011 Posted by | Economics | , , , , , , | Comments Off

Germany Will Turn Off Light of Euro! System Defective By Design!

July 26, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Ex-Detainee: ‘In Gitmo I Got 30 days in Darkness For Feeding Iguanas’! Children Tortured !

July 26, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off

Did Israel’s Mossad Do 9/11? YES !!

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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July 26, 2011 Posted by | GeoPolitics, History | , , , , , , , , , | Comments Off

   

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