Socio-Economics History Blog

Socio-Economics & History Commentary

Gerard Batten MEP: Media Collusion With Bilderberg Group Confirms Hidden Agenda – World Government!

  • The Bilderberg group is a secular/profane arm of the Illuminati. It is working behind the scenes to bring about the Luciferian New World Order. See organization chart below.

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com

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September 21, 2011 Posted by | EndTimes, GeoPolitics | , , | 1 Comment

9/11 Truth: The 9/11 Commission Report is Fraudulent!

September 21, 2011 Posted by | History | , , , , , | Comments Off

UK Collapse: Jobcentres To Send Poor And Hungry To Charity Food Banks!

HMS Britain is sinking .. down .. down ... down ...

  • Despite its ability to print its own money to pay off its debts, the UK is in economic depression. Creating massive amounts of money out of thin air does not generate economic growth despite what Illuminist central banksters tell you. All it does is stir inflation via currency debasement. Illuminist central banksters like the world to believe that the central bank is the savior. In reality, these banksters are the cause of the economic collapse so that they can financially rape the sheeple! They are the cause of boom-bust cycles by over easy monetary policies, easy (fraudulent) lending, low-interest rates …. then tightening credit. The sheeple are suckered into easy money and debt enslavement before being slaughtered !
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    Jobcentres to send poor and hungry to charity food banks
    By Jonathan Owen and Brian Brady, http://www.independent.co.uk/
    Christian trust is set to hand out parcels to 100,000 this year
    Tens of thousands of benefits claimants will be referred to food banks by the Government, which is worried that many Britons face a stark choice: starvation or feeding themselves by begging or stealing.
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    From tomorrow, jobcentres in England and Wales will refer the needy to charity-run food banks that will give them a food parcel. It is the first time in living memory that hungry people will have been passed on to charities in this way.
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    The move comes amid growing levels of food poverty, fuelled by rising food prices and high rates of unemployment. Under the scheme, people whose benefits have been delayed, or have been refused crisis loans, will be referred to their local food bank. A claimant will be limited to three consecutive referrals – each time giving them enough food for three days. They will be given basics such as tinned soup, baked beans, meat, fish and pasta.
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    The scheme will operate from more than 70 food banks run by the Trussell Trust, a Christian charity. It will open another 60 in the next six months, according to Jeremy Ravn, a director. “We are forecasting that we will feed somewhere between 90,000 and 100,000 this financial year,” he said. “And we’d expect 30-40 per cent of those to be [caused by] problems over benefits.”
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    Demand for emergency food has soared in many parts of the country. Coventry food bank fed almost 800 people in July – up from 171 in April. In Bournemouth, the figure rose from 168 in April to 348 in August. And in Norwich, the numbers given food jumped from 122 in April to 335 last month.
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    The total given emergency food boxes will rise from 61,000 in 2010 to an estimated 100,000 this year, according to the trust, which predicts that half a million Britons will need help by 2015. The latest available figures reveal that, in 2008-09 in England and Wales, almost 2.4 million people applied for crisis loans. Only 1.7 million received an initial award, meaning almost 700,000 were left waiting for a loan or had their applications turned down.
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    … for the full article click here!

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September 21, 2011 Posted by | Economics | , , , , , , , , | Comments Off

IMF: Eurozone Debt Crisis Threatens Banks, Rest of World !

  • It should be quite obvious now what is about to happen. The collapse will start in the PIIGS, spread to the rest of the Eurozone, onto UK, Japan and finally America. Along the waves of destruction, the rest of the world will not be spared. I do not believe the debt situation in the Eurozone is worse than UK, Japan or USA. But they are being systematically attacked by the Anglo-American Illuminati. This is just 2 pit vipers attacking each other for monetary supremacy. The Eurozone will lose this war and go along with the US Illuminist plan. Got physical gold yet?
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    IMF: Eurozone Debt Crisis Threatens Banks, Rest of World !
    by http://economictimes.indiatimes.com/
    BRUSSELS: The eurozone’s debt mountain poses a threat to the world economy, the IMF warned on Tuesday, putting pressure on European banks to boost their capital to survive the crisis.
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    The IMF sounded the alarm in a world economic report that sharply lowered the IMF’s growth projections for the 17-nation eurozone to 1.6 percent in 2011 and 1.1 percent in 2012, down from 2.0 percent and 1.7 percent in a June forecast.
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    “Should the periphery’s debt crisis continue to propagate to core euro area economies, there could be significant disruption to global financial stability,” the IMF said in its “World Economic Outlook.”
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    European banks are “heavily exposed” to countries facing rising borrowing costs and lenders should make efforts to increase their capital following holes revealed by recent “stress tests” on the sector, the IMF said.
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    “A concern is that capitalisation of euro area banks is relatively low, and they rely heavily on wholesale funding, which is prone to freezing during financial turmoil,” the report said. “Trouble in a few sovereigns could thus quickly spread across Europe. From there it could move to the United States — by way of US institutional investors’ holdings of European assets — and to the rest of the world.”
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    After previously rebuffing IMF calls for a recapitalisation of Europe’s banks, the European Commission admitted on Tuesday that the sector may need more capital and would extend measures allowing states to rescue their banks. “Sadly, as the sovereign debt worsens, more banks may need to be recapitalised, on top of the nine signalled in the July stress tests,” Almunia said in a speech, referring to tests that most European banks passed.
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    With European banks struggling to raise dollars from US lenders wary of their exposure to the debt crisis, the world’s top central banks leapt into action last week to inject dollars into the sector.
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    The eurozone has battled for nearly two years against a debt crisis that is threatening to spread further, with Italy the latest country hit by a credit downgrade by ratings agency Standard & Poor’s on Tuesday amid persistent fears of a devastating Greek debt default.
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    The European Commission last week also forecast growth of 1.6 percent in 2011, warning that the economy would grind to a “virtual standstill” at the end of the year as a result of the debt crisis and turmoil on financial markets.
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    …. for the complete article click here!

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September 21, 2011 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Bank of China Halts FX Swaps With Some European Banks!

  • The Illuminists are simply setting up the pieces for a catastrophic collapse. I have warned about the state of most western banks: they are bankrupt! This move by Bank of China is highly disturbing. It further damages whatever credibility these European banks have! It is a matter of when the collapse will begin in the Eurozone. The contagion will spread throughout the world!
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    Bank of China halts FX swaps with some European banks: sources
    (Reuters) – Bank of China (601988.SS), a big market-maker in China’s onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.
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    The European banks include French lenders Societe Generale (SOGN.PA), Credit Agricole (CAGR.PA) and BNP Paribas (BNPP.PA), and Bank of China halted trading with them partly because of the downgrading from Moody’s, the sources said.
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    Another Chinese bank said it had stopped trading yuan interest rate swaps with European banks. The sources declined to be identified because they were not authorized to speak with the media.
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    Contacted about this move by the Chinese banks, spokespeople for Societe Generale, UBS and BNP Paribas declined comment. Credit Agricole was not reachable for comment. One of the sources said that Bank of China’s decision may apply across its branches, including the onshore foreign exchange market.
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    “Apart from spot trading, all swaps and forwards trading (with the European banks) have been stopped,” one source who is familiar with the matter told Reuters. A public relations official with Bank of China declined comment.
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    Bank of China has also stopped trading with UBS AG (UBSN.VX) in the wake of that bank’s $2.3 billion loss from a rogue trading scandal. “With so much bad news coming from Europe, I think more banks will follow suit,” said one dealer, who declined to be named, when asked about the FX swaps.
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    Banks in Asia and elsewhere have been cutting credit lines and exposures to European banks through the past few months, unwilling to take on the risk of a default by Greece or any other peripheral European country. European banks too have increasingly tapped swap lines offered by the European Central Bank to get around high funding costs for dollars and a broader unease about counterparty risk in interbank lending markets.

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September 21, 2011 Posted by | Economics | , , , , , | 1 Comment

Keiser Report: Dollar-Trapped !

September 21, 2011 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off

Godfrey Bloom: Euro Will Fail By Christmas?! Risk of Global Collapse! It is Extremely Frightening!

September 21, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Next into Debt Pit? Italy Ducks as Crisis Hits!

September 21, 2011 Posted by | Economics | , , , , , | Comments Off

Larry The Cable Guy on Global Warming: ‘I Don’t Know What The CO2 Level Is But The BS Level Is Getting Pretty High!’

September 21, 2011 Posted by | Satire | , , , | Comments Off

Alfred Adask: The Elites Philosophy – Men Are Animals!

September 21, 2011 Posted by | GeoPolitics, Social Trends | , , , | 1 Comment

Alex Jones Breaks Down Soft Kill Weapons!

September 21, 2011 Posted by | Medicine & Health, Social Trends | , , , , , , , | Comments Off

Dr. Russell Blaylock: The Dangers of Gardasil Vaccine!

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September 21, 2011 Posted by | Medicine & Health | , , | 1 Comment

Geithner Admits: U.S. Economy is In “An Early State” Of A Crisis!

Tim Geithner - Council on Foreign Relations, Illuminati!

The white horseman logo of the Illuminati CFR Foreign Affairs magazine. They work to lay the groundwork for the coming of the white horseman, the fake messiah, the bringer of false peace of Revelation 6.

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September 21, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off

   

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