Socio-Economics History Blog

Socio-Economics & History Commentary

Ambrose E. Pritchard: Frau Merkel, It Really is a Euro Crisis!

  • The Euro, EMU has been setup for failure since day 1. One interest rate for so many disparate countries simply does not work. What we are seeing is the planned conclusion of the Euro experiment. The Euro will collapse and it will spread to the rest of the world with the final collapse of the USD. We will be experiencing a global currency crisis soon. The sheeple will wake up one day and realize that all fiat currencies are backed by nothing! Especially the world reserve currency: USD. They are all CONfidence Job perpetrated by central banks and complicit governments. Got physical gold yet?
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  • Ambrose Pritchard is correct in that the amount of Eurozone sovereign debt is no where as bad as UK, Japan and US. The purpose of this engineered crisis is for the consolidation of power by the Illuminist (and unelected) EU central government. Problem, Reaction and Pre-Planned Solution, The Hegelian Dialectic!
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    Frau Merkel, it really is a euro crisis!
    By http://www.telegraph.co.uk/
    Angela Merkel told German industry today that we are not facing “a euro crisis, but a debt crisis.” She is wrong. Total levels of private and sovereign debt in the eurozone are lower than in the UK, the US, and far lower than in Japan.
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    Greece’s debt levels are around 250pc of GDP, at the lower end of the developed world. Spain’s sovereign debt is admirably modest at around 65pc. Italy’s household debt level is the envy of the rich world. It has a primary budget surplus. Italy has many problems, but the budget deficit is not one of them.
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    So why is there such a destructive and long-festering crisis in the eurozone? Why have three countries required an EU-IMF bail-out? Why is the ECB having to shore the debt markets of five countries — soon to be six — with direct bond purchases, including Spain and Italy?
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    Not because of debt, except in the most superficial sense.
    The reason this crisis keeps grinding ever deeper is because the euro itself is a machine for perpetual destruction. The currency is fundamentally warped and misaligned.
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    It spans a 30pc gap in competitiveness between North and South. Intra-EMU current account deficits have become vast, chronic, and corrosive. Monetary Union is inherently poisonous.
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    The countries in trouble no longer have the policy tools — interest rates, QE, liquidity, and exchange rates — to lift themselves out of debt-deflation. Just as they had few tools to prevent a catastrophic credit bubble during the boom. Their travails were caused in great part by negative real interest rates set by the ECB (irresponsibly) for German needs.
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    Their fiscal deficits (and remember, Spain and Ireland ran big surpluses in the boom) have exploded because of the Great Recession itself — as they have in the UK, US, and Japan.
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    …. for the full article click here!

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September 28, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Why Some People Don’t Think 6 Million Jews Were Killed in The “Holocaust” !

Auschwitz deaths reduced to 1 Million!

Do you really believe in all the Illuminist propaganda?

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September 28, 2011 Posted by | History | , | Comments Off

Israeli Spies Caught Celebrating 9/11 !

"kee betachbulot ta'ase lecha milchama" Translation: "With clandestine terrorism we will conduct war!" or By way of deception, thou shalt do war'!

September 28, 2011 Posted by | GeoPolitics, History | , , , , , , , | Comments Off

Dr. Alan Sabrosky: The US Military Knows Israel Did 9/11 ! It Was a Mossad Operation!

Mossad involvement in 9/11.

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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September 28, 2011 Posted by | GeoPolitics, History | , , , , , , , , | Comments Off

Germany Slams ‘Stupid’ US Plans To Boost EU Rescue Fund !

  • This is just more political theatre. The Illuminist plan is to collapse the Eurozone and then the rest of the world ! A great deal more volatility is coming. The financial tsunami waves will get larger and larger until the entire system collapses! Gold and silver are pretty cheap now. They are your insurance against world financial and monetary system collapse. There will be violent volatile moves going forward in prices. But gold should hit US$3,500/oz and silver US$150/oz within a year!
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    Germany slams ‘stupid’ US plans to boost EU rescue fund
    By http://www.telegraph.co.uk/
    Germany and America were on a collision course on Tuesday night over the handling of Europe’s debt crisis after Berlin savaged plans to boost the EU rescue fund as a “stupid idea” and told the White House to sort out its own mess before giving gratuitous advice to others.
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    German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
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    “I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.
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    Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.
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    “It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government,” he said.
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    The comments risk irritating the White House. US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into “cascading default, bank runs and catastrophic risk” without dramatic action.
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    …. for the complete article click here!

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September 28, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

Economist John Perkins: The Global Elite’s Crime Syndicate!

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September 28, 2011 Posted by | Economics, GeoPolitics | , , , , , , | Comments Off

Bob Chapman: Sooner or Later The System Will Come Unglued !

September 28, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off

Keiser Report: Pax Americana Pyramid Nightmare!

  • YouTube:
    This week Max Keiser and co-host Stacy Herbert discuss “Operation Twist”, “BMW Town” and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.

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September 28, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Debtonation, Desperation: Greece Tax Tension At Breaking Point!

September 28, 2011 Posted by | Economics, Social Trends | , , , , , , , , | Comments Off

Israel Impunity Intact on Ground, Palestine Bid a Fixed Game!

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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September 28, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off

Bacevich: US Wars Serve Powerful Interests!

US: Money only for wars and banksters!

September 28, 2011 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off

   

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