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Socio-Economics & History Commentary

Gerald Celente: ‘Politics is Show Business For Ugly People!’ End The Wars!

September 27, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

Euro Zone Struggles To Stem Crisis; Obama Urges Action!

  • THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic)
    PROTOCOL No. 10

    1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. ….
    …..
    OUR GOAL – WORLD POWER
    3. We count upon attracting all nations to the task of erecting the new

    fundamental structure, the project for which has been drawn up by us…
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    4. WHEN WE HAVE ACCOMPLISHED OUR COUP D’ETAT WE SHALL SAY THEN TO THE VARIOUS PEOPLES: “EVERYTHING HAS GONE TERRIBLY BADLY, ALL HAVE BEEN WORN OUT WITH SUFFERING. WE ARE DESTROYING THE CAUSES OF YOUR TORMENT – NATIONALITIES, FRONTIERS, DIFFERENCES OF COINAGES. YOU ARE AT LIBERTY, OF COURSE, TO PRONOUNCE SENTENCE UPON US, BUT CAN IT POSSIBLY BE A JUST ONE IF IT IS CONFIRMED BY YOU BEFORE YOU MAKE ANY TRIAL OF WHAT WE ARE OFFERING YOU.” … THEN WILL THE MOB EXALT US AND BEAR US UP IN THEIR HANDS IN A UNANIMOUS TRIUMPH OF HOPES AND EXPECTATIONS. …
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  • Alot of what is happening is really political theatre: the CYA (Cover Your Ass) kind. Illuminist politicians are selling to the public that they are doing all they can to avert global collapse. This is really for sheeple consumption. The real Illuminist plan calls for a global economic, financial and monetary meltdown leading to world war 3!
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    Euro zone struggles to stem crisis; Obama urges action
    By Emily Flitter and Luke Baker | Reuters
    Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.
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    Obama, saying the crisis “is scaring the world,” urged leaders of the 17-nation euro zone to act quickly to help a region where banks have not fully recovered from the 2008 financial crisis and which is now suffering from the Greek government’s debt crisis.
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    “They are trying to take responsible actions but those actions haven’t been quite as quick as they need to be,” Obama told a citizens’ meeting in Mountain View, California.
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    After meeting at the IMF/World Bank and G20 meetings in Washington D.C. last week, European policymakers said on Monday they are working on ways to shore up the euro zone financial system and prevent the region’s government debt crisis from spreading, but their mixed messages on the size of a rescue fund and the role of the ECB underscored the difficulties for 17 euro-zone nations in reaching consensus.
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    ECB Executive Board member Lorenzo Bini Smaghi, speaking in New York, said that the 440 billion euros in the bailout fund, known as the European Financial Stability Facility (ESFS), could be used as collateral to borrow from the European Central Bank making more money available for crisis fighting, but it was up to European Union governments to decide how to do this.
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    “I know that people are thinking about these things. They may not be willing to admit it in the public, but they are thinking about these things,” he said, citing the example of two U.S. programs used to recapitalize banks in the 2008-09 financial crisis.
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    Officials are examining “how to leverage the money out of the EFSF in a more innovative and efficient way,” he told a conference organized by Medley Advisors.
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    But Germany’s central banker Jens Weidmann poured scorn on a beefed-up bailout fund. Leveraging the assets could discourage politicians from taking the tough political decisions to cut budget deficits and would weaken faith in the euro, Weidmann said in Washington.
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    “A bazooka! I don’t think it is a recipe that works in Europe,” he told the American Council on Germany. Markets are not concerned about the size of the rescue fund, rather about the political capacity to deliver, he said. “This is a very dangerous thing. It means you completely blur the responsibility between fiscal and monetary policy.”
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    … for the full article click here!

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September 27, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

Greg Hunter: It’s Much Worse than 2008!

  • The MSM tells us that things are better! Really? Banks are stronger! Really? I don’t think so. The situation has become orders of magnitude worse. More debts have been piled upon existing debts. The banks which caused all the problems have gotten bigger and are still engaging in their financial casino, derivatives games!
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    It’s Much Worse than 2008 !
    By Greg Hunter’s USAWatchdog.com
    I keep hearing the so-called experts say how much better shape the banks are in now than in the last financial meltdown of 2008.  To that, I say horse hooey!  Any expert worth his salt knows that nothing has been fixed in the financial system.  The problems were papered over with fiat currency and the proverbial can kicked down the road—ting ting ting.  You will know things are truly getting better when the banks start valuing the assets on their books at what they can be sold for today, not for what they hope to get for them a couple of decades in the future.

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    Even with what I call government sanctioned accounting fraud, the banks are still in just as much trouble as they were in 2008, and probably more.  Lost in the cliff dive the markets took last week were the downgrades of three very big U.S. banks.  There was zero talk of downgrades in 2008, and now Moody’s has cut the debt rating of Bank of America, Wells Fargo and Citigroup.   Last week, Reuters reported, “The government is “more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled,” said the rating agency, a unit of Moody’s Corp (MCO.N).  ‘This is crystallizing the fact we’re in a new political reality,’ said Jason Ware, equity analyst with Salt Lake City-based Albion Financial Group.”  (Click here for the complete Reuters story.)
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    … click here for full article !

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September 27, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

German Turmoil Over EU Bail-Outs as Top Judge Calls For Referendum!

RIP: Rest In Pieces

  • The Illluminist money power is working very hard to break the resistance of the German people to the loss of national sovereignty and surrender to the EU central government. It will not be easy and they know it. The plan will not work. The Eurozone will collapse and the Euro is toast! (emphasis mine)
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    German turmoil over EU bail-outs as top judge calls for referendum
    By http://www.telegraph.co.uk/
    Germany’s top judge has issued a blunt warning that no further fiscal powers may be surrendered to Europe without a new constitution and a popular referendum, vastly complicating plans to boost the EU’s rescue machinery to €2 trillion (£1.7 trillion).
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    Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent. “The sovereignty of the German state is inviolate and anchored in perpetuity by basic law. It may not be abandoned by the legislature (even with its powers to amend the constitution),” he said.
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    “There is little leeway left for giving up core powers to the EU. If one wants to go beyond this limit – which might be politically legitimate and desirable – then Germany must give itself a new constitution. A referendum would be necessary. This cannot be done without the people,” he told newspaper Frankfurter Allgemeine.
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    The extraordinary interview comes just days before the Bundestag votes on a bill to revamp the EU’s €440bn bail-out fund (EFSF), enabling it to purchase EMU bonds pre-emptively and recapitalise banks. Tensions are running high after it emerged over the weekend that officials are working on plans sketched by the US Treasury and the European Commission to “leverage” the firepower of the EFSF to €2 trillion, in conjunction with lending from the European Central Bank.
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    Carsten Schneider, finance spokesman for the Social Democrats, demanded that Chancellor Angela Merkel and finance minister Wolfgang Schäuble clarify their “true intentions ” before the vote on Thursday. “A new multi-trillion programme is being cooked up in Washington and Brussels, while the wool is being pulled over the eyes of Bundestag and German public. This is unacceptable,” he said.
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    Prince Hermann Otto zu Solms-Hohensolms-Lich, the Bundestag’s deputy president and finance chief for the Free Democrats (FDP) in the ruling coalition, expressed outrage over the secret plans. “Unless the German finance minister can give an immediate assurance that there will be no leveraged formula, I will not vote for this law. We might as well dispense with months of negotiations if all this means is that the Bundestag will be circumvented and served cold left-overs,” he said.
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    The accusation that German leaders are conspiring with EU officials to emasculate the Bundestag is highly sensitive, going to the core of the raging debate in recent months over EU encroachments on German democracy.
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    Dr Vosskuhle said that the improvisation of far-reaching policies had become “dangerous”, and warned against schemes to circumvent the rule of law with backroom deals. “Germany has a great affinity for the rule of law. People expect the political class to obey the rules.”
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    He reminded leaders that the court had set clear boundaries to EU bail-outs in a ruling earlier this month, although it gave the go-ahead for the package of measures agreed so far. “Our judgment makes clear that the Bundestag cannot abdicate its fiscal responsibilities to other actors. And no permanent mechanism may be created that entails taking over the liabilities of other states,” he said. When asked whether eurobonds are off limits, Dr Vosskuhle said any ruling by the judges would be “pretty clear”.
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    Ewald Nowotny, Austria’s central bank governor, said it would be a grave error for Europe to try to bounce Germany into decision of huge scope and significance without the assent of the people.
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    “It is quite dangerous when a feeling builds up in Germany that the country is being overrun, and specifically, that such an important country is being outvoted in the ECB,” he told Der Standard.
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    There is little doubt that Chancellor Merkel can pass the EFSF bill with the help of the Social Democrats and Greens. It is less clear whether she can survive the vote without an absolute majority from her own coalition. Green leader Jurgen Trittin said her government would be “finished” if it has to rely on opposition votes.
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    Her task has become that much harder after Standard & Poor’s hinted Germany itself might loose its AAA rating if the rescue machinery is greatly expanded.
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    … for the full article click here!

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September 27, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off

Germany At War Over Eurozone Bail-Out !

France's President Sarkozy with German Chancellor Angela Merkel. Photo: REUTERS

  • The Eurozone sovereign debt crisis is about to get alot worse! All that is happening is for the consolidation of power by the Illuminists. They engineer this crisis to destroy national sovereignties in favour of a fascist central EU government!
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  • Gold and silver look really cheap. Make sure you put your savings in physical precious metals. When the financial tsunami waves come, gold and silver are your ultimate protection. They are money for 5000+ years. Fiat currencies are really just a CONfidence Job! (emphasis mine)
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    Germany at war over eurozone bail-out
    By , http://www.telegraph.co.uk/
    European officials have confirmed that discussions are afoot to boost the eurozone bail-out fund’s firepower as part of a grand plan to contain the region’s sovereign debt crisis in Greece.
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    Confirmation of the talks, however, sparked outrage in Germany, where opposition politicians threatened to derail the plans by voting against a key amendment to the bail-out fund this Thursday. The head of Germany’s constitutional court also piled on the pressure by warning the government not to circumvent the law “by the back door”.
    ….
    Policymakers in Europe are working on a three-pronged plan to ringfence the euro crisis around Greece. Under the proposal, banks across the continent would be recapitalised with tens of billions of euros, the €440bn European Financial Stability Facility (EFSF) would be “leveraged up” through the European Central Bank (ECB) to provide €2 trillion of firepower, and Greece would be subjected to a managed default on 50pc of its debt but stay in the euro.
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    Officials hope the move would restore confidence in Spain and Italy and calm nervous bond markets. The developments follow mounting international pressure on Europe’s leaders to fix their problems. President Barack Obama said last night that Europe’s debt crisis “is scaring the world”.
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    On Monday, EU economic affairs commissioner Olli Rehn, confirmed that the euro bloc is “thinking about giving the EFSF greater leverage, to give it greater strength”.
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    German ministers also hinted at plans to leverage the EFSF, but stressed the fund itself would not be increased. Chancellor Angela Merkel said the euro needed a firewall around Greece to stop the attacks on other European states.
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    Finance minister Wolfgang Schaeuble insisted the EFSF needed to be more “efficient”, adding: “We are giving it the tools so it can work if necessary. Then we will use it effectively but we do not have the intention of boosting its volume.”
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    Leveraging up the EFSF through the ECB, though, would not be without risk. Germany and France could both lose their AAA credit rating, a top official at Standard & Poor’s warned.
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    David Beers, head of S&P’s sovereign rating group, said: “There is some recognition in the eurozone that there is no cheap, risk-free leveraging options for the EFSF any more.”
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    On Thursday, the German parliament is expected to vote through reforms to the EFSF agreed on July 21 to make it more flexible. However, the latest revelations have redoubled opposition efforts.
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    Social Democrat Carsten Schneider said the government should come clean on its “real intentions” and that “the parliament and public are having the wool pulled over their eyes”. His fears appeared to be confirmed by François Baroin, France’s finance minister, who said last week that the reforms would allow the EFSF to conduct joint operations with the ECB.
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    Heaping more pressure on Chancellor Merkel, Andreas Vosskuhle, president of the German constitutional court, warned against further transfer of powers   to Brussels. “If anyone wants to go beyond these boundaries, which may be politically justified, then Germany needs a new constitution. For that to occur, there must be a referendum,” he said.
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    … for the full article click here!

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September 27, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

David Icke: This Economic Crisis Is Engineered by Illuminist Banksters To Drive Us To World Government, Global Supra-National Central Bank And One World Currency!

  • David Icke begins at 1.55.

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September 27, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off

Alex Jones: The Continued Implosion of America!

September 27, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Comments Off

Bob Chapman: The Correction in Gold & Silver Already Happened , Good Time To Buy!

  • Bob Chapman - The Financial Survival – 26 September 2011 : the correction in Gold and Silver market already happened at these levels , this is a great opportunity to buy more physical gold and silver , if it is a bottom that’s great if it is close that’s OK and I am going to be buying today says bob Chapman , these markets are all manipulated it is ridiculous , you can’t use charts forget about it ….

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September 27, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off

Mainstream Media Ignores Occupy Wall Street Protests!

September 27, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off

Trader: Eurozone Market Will Crash! The Stock Market And Euro Are Toast! The Market Do Not Believe €2 Trillion Rescue Plan Will Work! Goldman Sachs Rules The World !

‘In less than 12 months, the savings of millions of people is going to vanish! And this is just the Beginning!’

  • This trader is telling the truth. He knows what is going on. He knows that this is an engineered crisis by the Illuminist money power. He said it as much: ‘Goldman Sachs rules the world’. The Illuminist money power are all lining up the cannons and loading up with gun powder to crash the system! We are heading towards a global economic, financial and monetary meltdown!!!

‘What I would say to everybody is: GET PREPARED !’

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September 27, 2011 Posted by | Economics | , , , , , , , , , , , | 2 Comments

   

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