Socio-Economics History Blog

Socio-Economics & History Commentary

9/11 Truth: Boston Air Traffic Controller Robin Hordon – 9/11 Was An Inside Job!

  • Boston Air Traffic Controller Says 9/11 An Inside Job
    by Paul Joseph Watson, www.PrisonPlanet.com
    A former Boston Center air traffic controller has gone public on his assertion that 9/11 was an inside job and that Donald Rumsfeld and the Pentagon tracked three of the four flights from the point of their hijacking to hitting their targets. In an astounding telephone interview, Robin Hordon claims air traffic controllers have been ignored or silenced to protect the true perpetrators of 9/11.
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    A recording of the phone conversation was posted on Google video late yesterday by the Pilots For 9/11 Truth organization.
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    After having acquired a background in aviation, Hordon underwent rigorous  FAA training to become an air traffic controller and was posted to Boston Center where he worked for eleven years. He did not work at Boston Center when 9/11 occurred but still knows people that did who concur with his conclusions. In comparing the stand down of air defense on 9/11 and what should have occurred according to standard operating procedure, he quickly concluded on the very afternoon of the attacks that they could represent nothing other than an inside job.
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    “On September 11th I’m one of the few people who really within quite a few hours of the whole event taking place just simply knew that it was an inside job, and it wasn’t because of the visuals, the collapses, whatever….I knew that it was an inside job I think within about four or five o’clock that afternoon and the reason that I knew is because when those aircraft did collide and then we got the news and information on where the aircraft were and where they went….if they knew where the aircraft were and were talking to them at a certain time then normal protocol is to get fighter jet aircraft up assist,” said Hordon.
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    Hordon said that from personal experience he knew the system was always ready to immediately scramble intercepting fighters and that any reversal of that procedure would have been unprecedented and abnormal. He had also personally handled both real hijacking situations in his airspace and other emergency procedures.
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    “I know people who work there who confirmed to me that the FAA was not asleep and the controllers could do the job, they followed their own protocols,” he stated.
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    Hordon said that the only way the airliners could have avoided being intercepted was if a massive electrical and communications failure had occurred which it didn’t on that day, adding that there was “no way” the hijacked airliners could have reached their targets otherwise.
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    He highlighted the fact that only an emergency handling of aircraft protocol change on that day could have interrupted standard operating procedure and hijacking protocol. Hordon said it was unbelievable how far American Airlines Flight 11 was allowed to go off course without the appropriate action being taken on behalf of flight controllers.

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September 14, 2011 Posted by | GeoPolitics, History | , , , , , , | 3 Comments

Paul Craig Roberts: Greece Style Bondage Coming To America!

  • There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. – John Adams, 1826

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September 14, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 2 Comments

9/11: False Flag Terrorism! History and Evidence of State Sponsored Terrorism!

September 14, 2011 Posted by | GeoPolitics, History | , , , , , , , , , | Comments Off

9/11: False-Flag Terrorism – The Precedents & The Reality!

September 14, 2011 Posted by | GeoPolitics, History | , , , , , , | Comments Off

9/11: A Conspiracy Theory! The Official Account is Hilarious Fantasy!

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September 14, 2011 Posted by | History | , , , , , | Comments Off

‘Endgame’ For Eurozone Approaching Fast, Warn Analysts!

  • The Eurozone is about to collapse. It will bring down the rest of the world. All fiat currencies are destined for the toilet paper graveyard. This is the Illuminist endgame. How do you get the world to accept a One World Currency? By destroying all fiat currencies via hyperinflation. This One World Currency will be backed by gold to give it legitimacy. The Illuminists will force their new Financial-Monetary hegemony on the world. Countries who oppose this coming Luciferian New World Order will be bombed to bits. The IMF is slated to be the Supra-National Global Central Bank. ’666′ is next ! (emphasis mine)
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    ‘Endgame’ for eurozone approaching fast, warn analysts
    by Max Julius, http://citywire.co.uk/money
    Divisions at the European Central Bank (ECB), a torrid month for equities, fears over French banks and talk of an imminent Greek default – among other things – have led analysts to predict: the eurozone project is fast entering its ‘endgame’.
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    ‘September is likely to be a defining month for the euro area’s destiny,’ wrote Julian Callow, chief European economist at Barclays Capital. Strategists at JP Morgan, for their part, have pointed to ‘a growing sense that the crisis is reaching a climax’, saying that the ‘endgame on EMU [European Monetary Union] is approaching fast.’
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    And Jim O’Neill, chairman of Goldman Sachs Asset Management, warned: ‘Not only does it seem as though something “big” has to happen with Greece pretty soon, but something “big” needs to happen for European bank capital, the clarity and determination of ECB policy making and, most importantly, where Germany wants to lead EMU.’
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    Greek default ‘more or less unavoidable’
    O’Neill’s comments came shortly before German Chancellor Angela Merkel tried to quash talk that a sovereign default by Greece was at hand, saying policymakers were using all the tools they had to prevent such an event.
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    But Barack Obama, US president, has reportedly voiced concerns over the ability of European leaders to tackle the crisis – and his treasury secretary, Timothy Geithner, will take the unprecedented step of attending a meeting of EU finance ministers on Friday.
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    Following the talks, Greece’s international lenders are set to write a fifth ‘progress report’ on the debt-ridden nation. Without positive comment, the payment of the next tranche of over €8 billion (£6.9 billion) would be impossible, noted Lutz Karpowitz, strategist at Commerzbank, in which case Greece would be unable to meet its obligations in October at the latest.
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    ‘The question of whether or not Greece will default is pretty much solved for the financial markets, though,’ he added. ‘From the point of view of the markets, a short-term default of Greece is more or less unavoidable.’
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    Concern over the impact of such a move on French banks, amid speculation that Moody’s will downgrade the lenders on Thursday, has sent their share prices down sharply in recent days.
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    Elsewhere, Italy’s borrowing costs leapt on Tuesday, with the yield – or implied interest rate – on benchmark 10-year government bonds rising as high as 5.77%, approaching levels regarded as unsustainable. The jump came as the country was forced to pay higher prices to sell new five-year notes after demand dwindled, and following the departure of a senior ECB official amid divisions over the bank’s programme of purchasing eurozone government paper.
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    Strategists at Morgan Stanley cited the spread of sovereign debt concerns to Italy as ‘a significant escalation’ of crisis. ‘It gives credence to the concept that the periphery is infecting the core, as opposed to the core bailing out the periphery,’ they said.
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    …. for the full article click here!

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September 14, 2011 Posted by | Economics, EndTimes | , , , , , , , , | 1 Comment

Europe Getting Close To Banking Crisis, Pimco’s El-Erian Says!

Will not be missed !

“The best way to control the opposition is to lead it.” – Lenin

  • Practically, all major western banks are insolvent. This is the case for both American and European banks. The Illuminist’s plan is for a total financial / banking system collapse. It is a consolidation of power where eventually the Illuminist banks and government are one and the same! Illuminists play a game of double (even triple) dealing. Their philosophy is to own all ‘players’ in a conflict. So, what may appear to be damaging to them in one area (say for their banks) is simply a reshuffling/reorganization of power into another area (Illuminist government)! You cannot lose when all ‘actors’ in a conflict are in your pocket! (emphasis mine)
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    Europe Getting Close to Banking Crisis, Pimco’s El-Erian Says
    By John Detrixhe, http://www.bloomberg.com/
    Pacific Investment Management Co.’s Mohamed A. El-Erian said organizations such as the International Monetary Fund need to act now with European banks being at risk of being engulfed in the region’s sovereign debt crisis.
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    “We’re getting close to a full-blown banking crisis in Europe,” El-Erian, Pimco’s chief executive officer and co-chief investment officer, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt.
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    BNP Paribas SA, France’s biggest lender, was forced to deny an opinion piece in The Wall Street Journal today that cited an unidentified official as saying the bank could no longer borrow in dollars. French banks are in the spotlight because of their holdings of bonds issued by the euro region’s most-indebted nations, topping the list of Greek creditors with $56.7 billion in overall exposure, according to a June report by the Bank for International Settlements.

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September 14, 2011 Posted by | Economics | , , , , , | Comments Off

ZeroHedge: Dutch Finance Ministry Says Greek Default Is Unavoidable, Immediately Retracts!

  • The Greece default meme is sown. The contagion risk is on everyone’s mind. It is a matter of time when the dominoes fall. Fear and panic will spread ! Got physical gold yet?
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    Dutch Finance Ministry Says Greek Default Is Unavoidable, Immediately Retracts
    by Tyler Durden, http://www.zerohedge.com/
    Even though it has since provoked a firestorm of denials and refutations, the reality is that Dutch media RTLZ probably had some very good sources … to release the following information, namely that according to the Finance Ministry, the bankruptcy of Greece is inevitable, and that the “question is no longer whether but how Greece goes bankrupt.”
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    Additionally, Reuters added that according to Jan Kees de Jager, “We are studying scenarios in secret together with the Dutch central bank (DNB) and also with other countries. We are looking at our own economy, our government finances, the financial sector and consequences for Europe,De Telegraaf added that the “other countries” also included Germany and Deutsche Bank. He said it was difficult to let a country go bankrupt in a controlled way. “Always, if something goes wrong there are effects on other countries, on central banks. So you will have to take into account side-effects.
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    That is precisely the reason why we are looking at different scenarios behind  closed doors.” A ministry source later confirmed a report on Dutch broadcaster RTL that the scenarios being studied included default by Greece.
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    Of course, in keeping with the European M.O. of spreading a rumor, gauging the market response, and if response is unpleasant, to immediately refute it, Dow Jones and everyone else has since reported that the Dutch were only kidding and were not calling for an orderly default for Greece. Sure. Just preparing for one. Huge semantic difference there…

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    As for what the original information disclosed, before it was watered down by French political interests, here is the full piece from De Telegraaf:
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    …. for the full article click here!

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September 14, 2011 Posted by | Economics | , , , , , , , | 1 Comment

ZeroHedge: Europe Imploding (Again) Following Another Ugly Italian Bond Auction!

Revelation 17: Mystery Babylon Whore on Beast!

  • Do not be taken for a ride by all the politician snakes who say Greece will not default. Behind the scenes, they are preparing for that eventuality. The Illuminists are executing the total implosion of the Eurozone. Out of the ensuing chaos and war, they will raise their 10 horn Beast of Revelation 17.
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    Europe Imploding (Again) Following Another Ugly Italian Bond Auction, WSJ Article Discussing French Bank Nationalization
    by Tyler Durden, http://www.zerohedge.com/
    Despite another round of unsubstantiated rumor mongering by the FT yesterday (more on this in a second), investors in this morning’s critical round of Italian bond issuance were nonplussed and demanded 10 pounds of flesh with every bond, which in turn sent 5 year BTP yields to the highest since the introduction of the zEURo.
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    If the purpose of the planted Debtwire/FT story was to make this auction attractive, one can only conclude that it failed. The result is yet another “Europe is Open” type market session, where everything is tumbling on Greek default and contagion fear, further stoked by a front-page WSJ story which says what we have been warning about every single day for the past 3 weeks … : namely that banks, in this case French mega institution BNP, no longer have access to dollar funding markets.
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    The result: yet another increase in the actual 3M USD Libor rate, nearly the 40th day in a row, which in turn makes the dollar lock out even more painful. From the WSJ: “”We can no longer borrow dollars. U.S. money-market funds are not lending to us anymore,” a bank executive for BNP Paribas, who declines to be named, told me last week. “Since we don’t have access to dollars anymore, we’re creating a market in euros. This is a first. . . . we hope it will work, otherwise the downward spiral will be hell. We will no longer be trusted at all and no one will lend to us anymore.
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    He’s not the only one worried. Société Générale has lost 22.5% of its value since the beginning of the summer. In early September, BNP released a statement—in English, which is highly unusual—explaining that it has abundant dollar liquidity and that BNP has nothing to worry about, unlike other banks. France’s three biggest banks have been the subject of whisper campaigns about their solvency throughout the summer.” It gets worse: “Now that the situation is bordering on catastrophe, analysts are suggesting that the government is set to start nationalizing France’s banks. The banks have remained silent on the matter, and the government denies this talk.” Well, whatever good will the FT tried to create with its rumors,the WSJ destroyed with its facts.Backing up, here are the details of the latest set of atrocious Italian  auctions:
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    … click here for full article!

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September 14, 2011 Posted by | Economics | , , , , , , , | Comments Off

Robertson Expecting Greek Default ! Europe is in a State of Financial Collapse!

  • You should not ignore what Tiger Fund’s Robertson is saying. The Eurozone is facing financial collapse and disintegration! The ramifications will be felt throughout the world ! The financial MSM is actively promoting a Greek default. That tells you that the Illuminists are about to pull the plug!
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    Robertson Expecting Greek Default ! Europe is in A State of Financial Collapse!
    By: Lulu Chiang, http://www.cnbc.com/
    Hedge Fund juggernaut, Tiger Management delivered gains of annualized returns of 32% each year between 1980 and 1988. Julian Robertson spoke exclusively with Maria Bartiromo about his investments worldwide.
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    When asked if he was concerned over Europe’s debt situation and the struggling US economy, Robertson told Bartiromo “our political leadership is doing nothing to really help us get out of this current situation. Worldwide, Europe is just in a state of financial collapse.” Bartiromo asked if he was expecting a default in Greece and Robertson replied, “Oh, yes.” But default expectations do not stop there. Robertson believes there are real concerns for Portugal, even Italy as well. 

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September 14, 2011 Posted by | Economics | , , , , , , | Comments Off

Greece Has 98% Chance of Default on Euro-Region Sovereign Woes!

A protester holds a banner in front of the Greek Parliament during a peaceful rally attended by thousands on Wednesday against painful austerity measures. Source: http://www.telegraph.co.uk/

  • Greece will default. The question is whether it will spread to the other PIIGS. There is a great probability that it will. Italian bond yields are rising again despite all the buying by the ECB. The austerity plan is simply making things worst! The economy is contracting, unemployment rising and tax revenue collapsing! The Illuminists are simply lining up the pieces for a catastrophic worldwide collapse!
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    Greece Has 98% Chance of Default on Euro-Region Sovereign Woes
    By Abigail Moses, http://www.bloomberg.com/
    Greece has a 98 percent chance of defaulting on its debt in the next five years as Prime Minister George Papandreou fails to reassure investors his country can survive the euro-region crisis.
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     “Everyone’s pricing in a pretty near-term default and I think it’ll be a hard event,” said Peter Tchir, founder of hedge fund TF Market Advisors in New York. “Clearly this austerity plan is not working.”
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    It costs a record $5.8 million upfront and $100,000 annually to insure $10 million of Greece’s debt for five years using credit-default swaps, up from $5.5 million in advance on Sept. 9, according to CMA. Greek bonds plunged, sending the 10-year yield to 25 percent for the first time.
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     German Chancellor Angela Merkel said she won’t let Greece go into “uncontrolled insolvency” as politicians try to limit contagion to other euro members. Papandreou’s pledge to adhere to deficit targets that are conditions of the European Union and International Monetary Fund’s bailout were undermined by data showing his country’s budget gap widened 22 percent in the first eight months of the year.
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     The default probability for Greece is based on a standard pricing model that assumes investors would recover 40 percent of the bonds’ face value if the nation fails to meet its obligations. CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated credit-swaps market, lowered its recovery assumption to 38 percent late yesterday, which would give Greece a 95 percent chance of default.
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    Sovereign Record
    An index measuring the cost of default protection on 15 European governments to a record. European bank debt risk also jumped to the highest ever amid speculation French lenders will be downgraded because of their holdings of Greek bonds.
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    The Markit iTraxx SovX Western Europe Index of credit-default swaps climbed one basis points to 354, an all-time high based on closing prices. The Markit iTraxx Financial Index linked to the senior debt of 25 banks and insurers increased two basis points to 316, while a gauge of subordinated debt risk was up seven basis points at 557, according to JPMorgan Chase & Co.
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    “The contagion impact of a default will be severe, because next in the firing line will be Italy, Spain and it will take in the whole of the European banking sector too,” Suki Mann, a strategist at Societe Generale SA in London, wrote in a note yesterday. “This trio are already under intense pressure, but it will get much worse.”
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    Euro-Region Nations
    Credit-default swaps on Portugal, Italy and France rose to records, according to CMA. Portugal jumped nine basis points to 1,224, Italy rose four basis points to 510 and France was up 7.5 basis points at 196.5.
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    … for the full article click here!

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September 14, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off

Cramer: A European Lehman Is Upon Us!

  • I repeat the dire warning: global economic, financial and economic collapse around the corner! Take cover, get out of harm’s way! Get out of paper assets and into hard assets: physical gold/silver! I do not recommend any positions in the stock market except gold mining shares.
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  • Although Cramer is in favor of shorting the stock market, I am not in favor of it. The Illuminist banksters will create a massive amount of money out of thin air to ‘solve’ this coming collapse. This great tsunami of money will likely flow into the stock market (as a proxy for hard assets) and drive prices higher! But measured against gold price, the stock market will actually be falling instead of rising (as in fiat currencies)!
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    Cramer: A European Lehman Is Upon Us
    NEW YORK (RealMoney) — At least it is no longer complicated. We know a European Lehman is upon us. Or, more like it, a European Lehman/ Bear / Merrill / Washington Mutual / Wachovia / Citigroup.
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    That’s the first proposition. Second, we know that “they” have no plan to deal with it. Third, we don’t even know who “they” is anymore. Is it the Germans? The French? The IMF? The European Central Bank? Trichet?
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    Fourth, it is now too late for the banks to raise capital. As you recall, when the ratings agencies strike, it very quickly leads to Lehman. The banks can’t get short-term funding and they collapse.
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    Fifth, the French banks in particular have been getting away with hiding their version of subprime debt, Greek debt, forever. Sixth, our country isn’t able to stop any of this. We are too weak and it is none of our business.
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    Seventh, because of how tightly correlated we are with Europe, individual stocks can’t buck the trend, at least initially. Later on they will, because while our banking system won’t collapse, it can’t help but cause a worldwide recession if it all goes bad, which it looks like it is going to do.
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    So, the only battle plan is to brace yourself if you can’t short. Raise some cash if you can. And short the S&P and double- and triple-short the financials — the levered ETFs will certainly give you that chance.
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    At least we will get this over with soon and we can see what it looks like when the smoke clears. Dire? No. Honest.

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September 14, 2011 Posted by | Economics | , , , , , , , , , | 2 Comments

Keiser Report: Confidence Game! The Dollar is a CONfidence Job!

September 14, 2011 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

   

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