Socio-Economics History Blog

Socio-Economics & History Commentary

UK Government ‘Ready for Eurozone Collapse’!

Cick on image for the Telegraph UK video!

  • Any government not preparing for this eventuality should be sacked!
    -
    Government ‘ready for eurozone collapse’!
    http://www.telegraph.co.uk/
    Financial Secretary to the Treasury Mark Hoban says the Government is preparing for a failure of the eurozone economies. Treasury minister Mark Hoban raised eyebrows in the Commons today by referring to the euro “breaking up”.
    -
    Asked to confirm that the Government had no plans to take Britain into the European single currency, Mr Hoban told MPs: “I don’t think there is any intention for us to join the euro at the time when it is breaking up.” He also confirmed that the Treasury had contingency plans in place to deal with the potential collapse of the euro. Asked by Tory backbencher Peter Bone what plans had been made “for when the euro collapses”, Mr Hoban said: “You would expect that every good government would have plans in place for a whole range of eventualities, and this Government is well prepared for any eventuality.”

Will not be missed !

end

November 4, 2011 Posted by | Economics | , , , , , , | Comments Off

Max Keiser: “Greece Run by Financial Terrorists”!

November 4, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Sarkozy: ‘If The Euro Explodes, So Will Europe’ !

  • Guardian UK: The French president, Nicolas Sarkozy, makes an impassioned plea at the G20 summit in Cannes in support of the euro, saying the currency is the heart of Europe. He says the eurozone has to send un message de crédibilité (a credible message) to the whole world and that this must be done quickly and firmly.Sarkozy also reiterates his faith in the Italian economy, but accepts there are doubts about the rigour of Rome’s austerity measures.

end

November 4, 2011 Posted by | Economics | , , , , , , | Comments Off

The Clock is Ticking, Europe!

RIP: Rest In Pieces

  • My guestimate is that the sovereign debt crisis will proceed as follows: it will start in the PIIGS, spread to the rest of Eurozone, UK, Japan … finally USA. It will be a global economic, financial and monetary meltdown. Asia will not escape, although it will probably fare better. It will likely lead to world war!
    -
    The clock is ticking, Europe!
    By http://www.telegraph.co.uk/
    Amid the game of mutually assured destruction that the eurozone members are playing, and which we are all exposed to, George Papandreou’s brinkmanship on Thursday manoeuvred Greece towards a political consensus around last week’s bail-out package.
    -
    At the same time the G20 nations met for yet more political argument, but all of it was overshadowed by the actions of the European Central Bank (ECB). As his first action, the new ECB president, Mario Draghi, has decided to cut rates as the threat of recession in Europe looms ever larger.
    -
    It was Draghi’s assessment of “slow growth heading toward mild recession” that should be uppermost in the minds of Europe’s leaders gathered in Cannes. That’s the backdrop to their efforts to stabilise the eurozone. The clock is ticking.
    -
    Throughout Europe’s two-year sovereign debt crisis, eurozone leaders have   failed to appreciate that time has been against them. They have allowed the   crisis to grow and escalate. Each emergency summit and rescue plan has been   followed by wasted time and lost opportunities. That’s what we’re risking still. Except we are two years closer to recession and if our second biggest trading partner starts going backwards then the UK stands little or no chance of being able to avoid the same fate. The single currency may yet be saved but at what cost to its economies and those that trade with it?
    -
    Banks must take society into account when faced with business decisions
    How do banks restore trust? That was the problem Bob Diamond, chief executive of Barlcays, tried to address on Thursday night in the inaugural Today Programme Business Lecture. The fact the BBC gave Diamond a voice must be a start, as is the fact Diamond accepted the invitation to stand up, be counted and take the brickbats.
    -
    But should we be listening? Banks have cost us money, be it the direct cost of recapitalising HBOS and Royal Bank of Scotland, the bill for financing the purchase of those stakes and the risks taken with wider financial support for all banks such as the Bank of England’s special liquidity scheme and credit guarantee schemes.
    -
    … for more click here!

end

November 4, 2011 Posted by | Economics | , , , , , , , | Comments Off

ECB President Mario Draghi Cuts The Euro’s Last Lifeline!

  • The financial markets are facing way too much drama for the past few days. It will stretch on and on. The Illuminist plan is to build up massive debts and lay it on the sheeple. Thereafter, they will pull the plug on the whole system! Mario Draghi (Ex. banker of Illuminist Goldman Sucks) is an Illuminist puppet. He will toe the line. The Eurozone is coming down and with it all major fiat currencies!
    -
    ECB President Mario Draghi cuts the euro’s last lifeline!
    By , http://www.telegraph.co.uk/
    Anyone thinking that the arrival of Mario Draghi as president of the European Central Bank might herald a change in approach to the eurozone debt crisis would have been sadly disappointed by his first public appearance in the new role on Thursday.
    -
    True enough, he did cut interest rates, but this was already part of a pre-written script and can be easily justified by what Mr Draghi referred to as “slow growth, heading towards mild recession”.
    -
    No, and a thousand times no, he said to those calling on the ECB to stem the crisis with massive purchases of periphery-nation debt. The ECB’s function, he reiterated, was to focus exclusively on price stability, not to act as lender of last resort to governments. Already, he seems like a clone of his predecessor, Jean-Claude Trichet, who famously had only “one needle in   his compass” – inflation.
    -
    Regrettably, it was this very same anti-inflationary zeal that is likely to have sealed the eurozone’s fate in slipping into “mild recession”. Twice over the summer the ECB raised interest rates in the face of growing financial turmoil, as if the crisis in capital markets was a world unto itself with no impact on the real economy.
    -
    In fact, financial panics are invariably a key cause and determinant of deteriorating consumer and business confidence. The coming recession was a plain as a pikestaff to all apart from the ECB governing council. The idea of a “mild recession” is also a contradiction in terms; recessions are never mild.

    -
    You’ll be pleased to know, however, that widening spreads in European bond markets are nothing to worry about, as, according to Mr Draghi, they merely reflect differences in growth prospects and competitiveness which have always been there between eurozone nations. The solution to these differences is not central bank intervention, but economic reform in the afflicted countries, he said.
    -
    … for more click here!

end

November 4, 2011 Posted by | Economics | , , , , , , , | Comments Off

Katherine Albrecht: Engineering Control Over The People Using Technology (RFID)!

  • Revelation 13:16-18 (New King James Version)
    16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or[a] the name of the beast, or the number of his name.
    18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.
    -

All scams are based on deception and mis-direction! '666' is coming!

end

November 4, 2011 Posted by | EndTimes, Social Trends | , , , , , , | Comments Off

Joel Skousen: War is Tool of Choice To Usher in One World Currency!

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

end

November 4, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off

Dr. Webster Tarpley: Genocidal Austerity!

November 4, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Comments Off

Nuclear Threat is From Israel NOT Iran!

Daily Mail UK

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

Genocide and Ethnic Cleansing by Zionist '666' Israel !!!

Israel has hundreds of nuclear weapons! Just ask Jimmy Carter!

end

November 4, 2011 Posted by | GeoPolitics | , , , , , , , , | 8 Comments

US And Israel Preparing For a War With Iran?

November 4, 2011 Posted by | GeoPolitics | , , , , , | Comments Off

NATO War Crimes Probe: Hague To Look Into Libya Deaths!

  • Daniel 7:23 (New King James Version)
    23 “Thus he said:
    ‘ The fourth beast shall be
    A fourth kingdom on earth,
    Which shall be different from all other kingdoms,
    And shall devour the whole earth,
    Trample it and break it in pieces.

end

November 4, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off

Corbett: West Seeks Syria Conflict as Foothold for Iran Assault !

November 4, 2011 Posted by | GeoPolitics | , , , , , , , , , | Comments Off

‘They Will Want Nukes Now!’: UK & US Plan To Strike Iran Exposed !

  • Iran has no nuclear weapons. But so what if they have? Is that grounds for attacking any country. If this is the case, the whole world should attack America, UK and Israel because they have nuclear bombs. Aggressors and terrorists are portraying themselves as victims to conduct illegal wars of aggression. Iran has not invaded any country for well over 200 years. The Anglo-American-Zionist Illuminist empire has invaded, attacked so many countries in the 20th century that I have lost count. An attack on Iran will trigger World War 3!

end

November 4, 2011 Posted by | GeoPolitics | , , , , , , , , | Comments Off

   

Follow

Get every new post delivered to your Inbox.

Join 502 other followers