Socio-Economics History Blog

Socio-Economics & History Commentary

Roger Nightingale: Euro is Dead, Bury It ! Don’t Even Try To Revive It !

Will not be missed !

October 3, 2011 Posted by | Economics | , , , , , , , , , | 1 Comment

Global Financial System is on The Edge! Banking Crisis Set To Trigger New Credit Crunch!

RIP: Rest In Pieces

  • All the warning signs are there for a catastrophic global collapse. Are you prepared? The stock markets are tanking despite the German government approval of the EFSF bailout fund. It makes no difference. The EFSF is too little too late. The amount needed is probably in the order of US$5-7 T according to Bob Chapman. Got physical gold yet? (emphasis mine)
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    Banking crisis set to trigger new credit crunch
    By , http://www.telegraph.co.uk/
    The global financial system is on the edge of a new credit crunch as the cost of insuring the bonds of banks across the world hits new highs, analysts have said.
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    Credit default swaps on lenders as far afield as China and Australia, countries that until recently seemed immune to the chaos, have doubled in the last two months to levels not seen since the financial crisis.
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    In Europe, French and Belgian government officials are due to meet on Monday to discuss the crisis enveloping Dexia as speculation mounts about a possible break-up of the Franco-Belgian lender.
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    Last week, the cost of insuring Dexia bonds hit an all-time high of 900 basis points, nearly double the level just two months ago, meaning the annual cost to insure €10m (£8.59m) of the bonds is £900,000.
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    “The money ran out in June and what you are seeing now is the beginning of a new credit crunch, except this time it will be truly global, not Western,” said one senior London-based credit analyst.
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    Dexia, along with other European lenders, has been hard hit by the closure of the interbank lending markets and the continuing unwillingness of investors to buy the bonds of eurozone banks.
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    “Nothing is really working at the moment. None of the markets are functioning. Until Greece defaults it’s hard to see any resolution,” said one senior London-based credit analyst.
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    In China the publicly quoted cost of insuring the bonds of its three lenders for whom prices are available all closed on Friday at the highest levels in more than two years.
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    ….. for the complete article click here!

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October 3, 2011 Posted by | Economics | , , , , , , , | Comments Off

Bill Schnoebelen: The Light Behind Free Masonry – Satanism!

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October 3, 2011 Posted by | EndTimes, History, Social Trends | , , , , | 3 Comments

Infowars Hidden Camera: Fluoride Treatment Facility!

  • YouTube:
    Tonight’s Friday, September 30 edition of the Infowars Nightly News features an in-depth special report AIRING AT 7PM CENTRAL on the turning tide of water fluoridation across the Western world, with nearly 250 cities across the United States opting out of the mass-medication scheme once touted as one of the 10 greatest health achievements in the 20th Century. A special report filed by Alex Jones will show never-before-seen undercover footage shot at the Austin Water Treatment Facility showing the process of adding the corrosive and highly toxic chemical to the water supply. Further, our reporters speak with people on the street to get their take on the controversial practice that has garnered many highly-credible critics as public awareness grows. Government agencies are included in this, as many have now warned that fluoride levels must be reduced to decrease the risk of dental fluorosis, which most greatly affects developing children. Now, a new Material Safety Datasheet (MSDS) issued by Mosaic, one of the largest suppliers of hydrofluosilicic acid has also admitted the dangers posed by the industrial waste-product it sells to water treatment facilities.

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October 3, 2011 Posted by | Medicine & Health | , , , | Comments Off

Proof Vaccines Killing People!

October 3, 2011 Posted by | Medicine & Health | , , , , , , | Comments Off

Bob Chapman: Europe is Doomed ! Gold and Silver Rising Against All Currencies!

October 3, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off

Brutal Crackdown on Brooklyn Bridge, 700 Protesters Arrested !

October 3, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off

Stunning Plunge in COMEX Commercial Silver Net Short Positions! Very Bullish!

Click to listen to what Dan Norini say: 'hurry to get out of the gold market on the short side .. huge short covering ... silver ..something significant to happen!'

  • Gold and silver bugs sit tight ! Do not be afraid. This takedown by the Illuminist bullion banksters will reverse itself and go much higher. The bullion banks are rapidly reducing their short positions because they know what is coming! They are scared shit and getting out as fast as they can. The best analogy is that of a coming tsunami. Before the major tsunami strikes, the water recedes greatly for kilometres into the ocean, exposing corals, sea beds …etc. Thereafter a ginormous wave comes rushing onto land and killing everything in its paths. Gold and silver are about to make an upward move that will stun all naysayers! Sit tight! GotGoldReport sums up the extremely bullish open interest figures!
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    Stunning Plunge in COMEX Commercial Silver Net Short Positions
    The CFTC just released its commitments of traders (COT) report at 15:30 ET for trader’s positions as of the close on Tuesday, September 27 and the data show a stunning drop in the large commercial net short positions in both gold and in silver futures.
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    For example, as silver fell $7.88 or 19.8% Tues/Tues, from $39.76 to $31.88, traders classed by the CFTC as “commercial” reduced their collective net short positioning (LCNS)  by an extremely large 16,446 contracts to show 24,262 contracts net short.  This, while the open interest fell by 10,089 to 102,014 open.
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    Not since November of 2008, during the heat of the 2008 Panic, has there been a smaller commercial net short position for silver futures. We can say that as of Tuesday, the largest, best funded and presumably the best informed commercial traders of silver futures had taken the price downdraft opportunity to very strongly reduce their short bets for the second most popular precious metal.
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    We will have more commentary on this unusually large reduction in commercial net short positioning, including a 30,945-contract reduction in the LCNS for gold futures,  in the technical graph comments for Vultures, which we intend to complete by the usual time this weekend.
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    (Ed. Note added at 16:35 ET.  The last time the combined commercial traders were this “small” on the short side of silver futures, November 25, 2008, the price of silver then was $10.33 the ounce.  Therefore, with silver at $31.88 on Tuesday, having tested as low as $26.04 in panic liquidation selling the day before, we can say that commercial traders had about as much confidence in the price of silver going lower as they did at $10.33 silver three years ago.
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    Incidentally, for Vultures, the relative commercial net short positioning also plunged to a very low and usually bullish 23.8% of all COMEX contracts open – the lowest LCNS:TO since October of 2008.  (Graph below.)  This is a very bullish COT report for silver.  Let’s see if the market “gets” that in the days and weeks ahead.)
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    …. for the full report click here!

Source CFTC for COT, Cash Market for silver.

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October 3, 2011 Posted by | Economics | , | Comments Off

Paul Craig Roberts: Is The War on Terror a Hoax? YES !!!

  • The Global War on Terror is an Illuminist hoax! It is used as a pretext to invade and conquer the world via wars of aggression. Young American soldiers are simply cannon fodder to achieve this coming Luciferian New World Order!
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  • The Satanic method is always deception!
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    Revelation 12:9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
    Revelation 13:14 And he deceives those[e] who dwell on the earth by those signs which he was granted to do in the sight of the beast, ….
    Revelation 19:20 Then the beast was captured, and with him the false prophet who worked signs in his presence, by which he deceived those who received the mark of the beast and those who worshiped his image.
    Revelation 20:3 and he cast him into the bottomless pit, and shut him up, and set a seal on him, so that he should deceive the nations no more till the thousand years were finished. ….
    Revelation 20:7-8 Now when the thousand years have expired, Satan will be released from his prison 8 and will go out to deceive the nations which are in the four corners of the earth, Gog and Magog …
    Revelation 20:10 The devil, who deceived them, was cast into the lake of fire and brimstone where[b] the beast and the false prophet are. And they will be tormented day and night forever and ever.
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    Is the War on Terror a Hoax?
    by Paul Craig Roberts, www.Infowars.com
    In the past decade, Washington has killed, maimed, dislocated, and made widows and orphans millions of Muslims in six countries, all in the name of the “war on terror.” Washington’s attacks on the countries constitute naked aggression and impact primarily civilian populations and infrastructure and, thereby, constitute war crimes under law. Nazis were executed precisely for what Washington is doing today.
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    Moreover the wars and military attacks have cost American taxpayers in out-of-pocket and already-incurred future costs at least $4,000 billion dollars – one third of the accumulated public debt – resulting in a US deficit crisis that threatens the social safety net, the value of the US dollar and its reserve currency role, while enriching beyond all previous history the military/security complex and its apologists.
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    Perhaps the highest cost of Washington’s “war on terror” has been paid by the US Constitution and civil liberties. Any US citizen that Washington accuses is deprived of all legal and constitutional rights. The Bush-Cheney-Obama regimes have overturned humanity’s greatest achievement – the accountability of government to law.
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    If we look around for the terror that the police state and a decade of war has allegedly protected us from, the terror is hard to find. Except for 9/11 itself, assuming we accept the government’s improbable conspiracy theory explanation, there have been no terror attacks on the US. Indeed, as RT pointed out on August 23, 2011, an investigative program at the University of California discovered that the domestic “terror plots” hyped in the media were plotted by FBI agents.
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    FBI undercover agents now number 15,000, ten times their number during the protests against the Vietnam war when protesters were suspected of communist sympathies. As there apparently are no real terror plots for this huge workforce to uncover, the FBI justifies its budget, terror alerts, and invasive searches of American citizens by thinking up “terror plots” and finding some deranged individuals to ensnare. For example, the Washington DC Metro bombing plot, the New York city subway plot, the plot to blow up the Sears Tower in Chicago were all FBI brainchilds organized and managed by FBI agents.
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    RT reports that only three plots might have been independent of the FBI, but as none of the three worked they obviously were not the work of such a professional terror organization as Al Qaeda is purported to be. The Times Square car bomb didn’t blow up, and apparently could not have.
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    The latest FBI sting ensnared a Boston man, Rezwan Ferdaus, who is accused of planning to attack the Pentagon and US Capitol with model airplanes packed with C-4 explosives. US Attorney Carmen Ortiz assured Americans that they were never in danger, because the FBI’s undercover agents were in control of the plot.
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    …. for the full article click here!

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October 3, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off

FBI Intercepts Its Own Terrorist Plot Against US Capitol, Pentagon!

  • “Those who surrender freedom for security will not have, nor do they deserve, either one.” ― Thomas Jefferson
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  • The Global War on Terrorism is a fraud ! It is a SCAM by the Illuminist shadow government. The real targets are the American sheeple. By using the terrorism meme, the sheeple are frightened into surrendering their rights and freedom to the Illuminists. Eventually, America will become a police state under martial law. This is the plan/vision of the Luciferian New World Order!
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    FBI intercepts its own terrorist plot against US Capitol, Pentagon 
    by: Ethan A. Huff
    (NaturalNews) Truth be told, the biggest terrorist threat that Americans currently face does not originate from al-Qaeda. In a shocking revelation that essentially confirms the US government’s involvement in funding, promoting, and even initiating terrorism, the US Federal Bureau of Investigation (FBI) was recently exposed for intercepting what can only be considered its own terrorist plot to send drone bombs into the US Capitol and the Pentagon.
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    Prison Planet cites a BBC News report about Rezwan Ferdaus, the 26-year-old US citizen that had apparently told undercover FBI agents at one point that he was interested in organizing terrorist attacks against the US. However, Ferdaus did not have the means to actually carry out any sort of attack — it was, by all accounts, simply an idea without much possibility of ever becoming a reality.
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    But in order to maintain a high level of fear and paranoia amongst Americans about terrorists running loose on US soil and planning attacks, the FBI took advantage of this “opportunity” by approaching Ferdaus under cover, and supplying him with the tools he needed to stage his attacks. The US government supplied Ferdaus with grenades, machine guns, C-4 explosives, and even a remote-controlled, bomb-equipped drone plane to fly into buildings.
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    In their dealings with Ferdaus, undercover FBI agents essentially posed as fellow terrorists, and encouraged Ferdaus to commit acts of terrorism. They also told him morbid stories about the weapons they gave him, including that they had successfully killed US soldiers in Iraq — the agents knew, of course, that this was exactly what Ferdaus wanted to hear, and that it would prompt him to move forward with the attacks.
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    It is a classic case of malicious entrapment on behalf of the US government, whose fear-mongering agenda is now clearly apparent for the world to see. And in reality, the FBI agents in this case are just as “guilty” as Ferdaus, if not more so, in plotting a terrorist attack. But the two parties received far different treatment for their actions.
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    Ferdaus, of course, was arrested and could face a combined total of 35 years in prison for allegedly “providing support and resources to a foreign terrorist organization,” and for “attempting to destroy national defense premises,” even though he never actually committed any crime.
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    The FBI agents, on the other hand, who were the ones that actually supplied the weapons to perform the attacks and enabled them to take place, are considered by some to be the heroes.
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    If Ferdaus is to be charged as a potential terrorist, then the FBI agents who conspired with him deserve the same treatment. These agents are not only guilty of the same two charges that Ferdaus faces, but they are also guilty of inciting undue fear and panic amongst the populace in order to perpetuate the never-ending foreign wars that continue to take place under the guise of fighting terrorism.

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October 3, 2011 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , , | Comments Off

Greece To Miss Deficit Targets For 2011-2012!

Above, lightning over the Parthenon temple, on the Acropolis hill in Athens. Photograph: Petros Giannakouris/AP

  • The austerity program is not working and will not work. Unemployment is rising and tax revenues are falling. This is the worse time to apply austerity, it is making things worse!
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    Greece to miss deficit targets for 2011-2012
    by Demetris Nellas, Associated Press
    Greece to miss deficit target for 2011-2012; deficit to reach 8.5 pct of GDP this year
    ATHENS, Greece (AP) — Greece won’t meet 2011-2012 deficit targets imposed by international lenders as part of the country’s bailout, the Finance Ministry said Sunday.
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    The country’s deficit this year is expected to reach 8.5 percent of gross domestic product, or euro18.69 billion ($25.2 billion) — higher than the targeted euro17.1 billion ($23.1 billion), which would have been 7.8 percent of GDP, the ministry said.
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    Greece has been reliant since May 2010 on regular payouts of loans from a euro110 billion ($150 billion) bailout from other eurozone countries and the International Monetary Fund. It was granted a second euro109 billion package in July, but details of that deal remain to be worked out.
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    The Finance Ministry said the missed target was because of a deeper-than-expected recession, with the economy contracting by 5.5 percent instead of the 3.8 percent estimate made in May. It implied the deficit could even exceed this level by the end of the year unless all new austerity measures were implemented.
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    “The final estimate for a deficit equal to 8.5 percent of GDP can be achieved, if there is a proper response by the state authorities and the citizens themselves, on whose stance the country’s financial … and social future depends,” the announcement said.
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    The announcement reflects the government’s frustration with tax collection, which they blame on tax inspectors’ lax performance, and its fear that citizens, angry at seeing their wages shrink and, at the same time, having to pay an increasing amount of one-off taxes, would refuse to pay.
    …..
    ….. for the full article click here!

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October 3, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Eurozone Teeters on The Verge of a ‘EuroQuake’ If Greek Default is Bungled ! Global Economic Meltdown Within 12 Months?!

Taxi drivers protesting in Athens: Greece will default, the only question is how the default is managed. Photo: EPA

  • If the Eurozone sovereign debt crisis was an entirely ‘accidental’ event caused by well meaning but inept politicians, I would agree that the problems have more than an even chance of a happy resolution. What we have are the Illuminist money power and vulture funds lining up to attack the Eurozone once a Greek default is initiated. They will make trillions betting against the Eurozone. The coming EuroQuake will trigger GlobalQuakes. Got physical gold yet? (emphasis mine)
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    Eurozone teeters on the verge of a ‘euroquake’ if Greek default is bungled
    By http://www.telegraph.co.uk/
    More than one in three international investors expect a global economic meltdown within the next 12 months, according to a new Bloomberg poll. Far more – almost 70pc – say the world economy is deteriorating, up from just 18pc four months ago.
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    At the heart of the gloom, of course, is the eurozone, with 90pc of those surveyed judging that the economy of the single currency area is getting worse. One wonders what planet the other 10pc are on.
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    The eurozone is clearly sliding. The European Commission’s economic sentiment indicator fell to 95 in September, from 98.4 the month before, plunging at a rate not seen since the Lehman Brothers collapse. German retail sales dropped faster in August than at any time since May 2007.
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    The eurozone – an economy second in size only to the US – is on the brink of a double-dip recession. This grim prognosis, though, is set against a more hideous backdrop – the danger of a “euro-quake”. Greece will default. The only question is how the default is managed – indeed, if it is managed at all.
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    A bungled Greek payment failure will spark “contagion”, as spooked creditors pull the plug on some big eurozone government, leading to non-payment of wages and benefits, serious social unrest, and a single currency break-up.
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    We face the very real prospect of a major economic shock, the negative impact of which will be felt around the world. “The operational viability of the single currency won’t be known until the system is tested by a serious downturn and that moment may come soon,” this column warned in December 2007, as the credit crunch began to loom. “The ultimate victim of this sub-prime crisis could be nothing less than the single currency’s existence.”
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    So as the 2008 meltdown came into view, those of us who observed that “every currency union in the history of man has broken up, unless, like the US and UK, it has been preceded by generations of political union, and held together with a federal tax system” continued to be dismissed as “mad”, ”xenophonic” and “anti-European”.
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    Far from feeling humbled, or contrite that their incoherent currency union is on the verge of disaster – a disaster which could trigger another global slump when we’ve yet to recover from the last one – the eurozone’s architects remain in denial, continuing to question the integrity of those who advocate straight-forward common sense.
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    Common sense now tells us that any “short-term fix” for the eurozone will do nothing to address the basic incompatibilities which have been there since monetary union began. Yet all the current proposals are just that, “extend and pretend” efforts to buy time in the hope that the single currency’s inherent contradictions will disappear given the requisite “political will”.
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    Europe’s policy-making “elite” wants a fully-blown fiscal union and sees this crisis as a way to get there. It is simply not going to happen, because almost no-one outside of the Brussels salons, or the broader EU establishment, wants it. That is the fundamental truth that must be spoken, repeatedly, to power – whatever offence is now caused. Because this currency union experiment, essentially an exercise in bureaucratic megalomania and hubristic nation-building, is about to do serious damage that extends way beyond Europe.
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    So the ECB will bail-out bankrupt governments which, in turn, have bailed-out bankrupt banks. Writing-down debts? Too difficult. Restructuring banks? Er, no. The outcome, of course, will be inflation - fine for some savvy investors, but ghastly for ordinary people who have worked hard, saved, and   tried to provide a dignified life for their families.
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    Those who deny that QE is inflationary tend to be those who said the eurozone could never break-up. Do these people ever read history? Inflation was how the Western world addressed its massive sovereign debts when they were last at today’s grotesque levels, after both the First and Second World Wars, albeit those debts were incurred for a rather more honorable purpose.
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    Inflation will be our response to today’s debts too – the debts of pure indulgence. It just goes to show, for all the technological advances of the last century, how little true progress we’ve made.

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October 3, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

New York Times Psyop: Shifting The Blame To Protestors!

Illuminists own the western MSM !

October 3, 2011 Posted by | Social Trends | , , , | Comments Off

Lethal Injection: The Story Of Vaccination!

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October 3, 2011 Posted by | Medicine & Health | , , , | Comments Off

   

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