Paul Krugman: “Gigantic Bank Run” Coming!
- Paul Krugman, Nobel laureate for economics says that a possible ’gigantic bank run’ is coming! You may dismiss my blogs as delusional pessimism porn but are you prepared to dismiss Paul Krugman’s warning? I repeat again: the world is heading towards a global economic, financial and monetary meltdown! (BTW – I am not a fan of Keynesian economics! Try Austrian!)
-
Krugman Warns of “Gigantic Bank Run”, “Emergency Bank Closing” and “New Lira”
by www.goldcore.com
… Paul Krugman’s latest post is extremely bearish and he warns that “things are falling apart in Europe; the center is not holding” Krugman warns that this could lead to a “gigantic bank run” and “emergency bank closing”.
-
Not only does Krugman warn of a massive bank run and emergency bank holidays but he warns of the euro breaking up and Italy returning to the Italian lira and even warns of similar problems confronting France.
-
“The question I’m trying to answer right now is how the final act will be played. At this point I’d guess soaring rates on Italian debt leading to a gigantic bank run, both because of solvency fears about Italian banks given a default and because of fear that Italy will end up leaving the euro. This then leads to emergency bank closing, and once that happens, a decision to drop the euro and install the new lira.”
-
“Next stop, France.”
-
Uber Keynesian Krugman, has been one of the most vocal gold bears in recent years and his opinion on gold has been biased and uninformed. It will be interesting to see if his attitude towards gold has changed given the appalling vista he is now warning of. An important question we have posed for some time – is what price gold in drachma, lira,pesetas, escudos and punts?
-
What should the ordinary people in European countries do to protect themselves from currency debasement and devaluations? Unfortunately, we may find out the answer to these questions in the coming months.
end
Italians Gripped by Rumours of Contagion!
- The Eurozone sovereign debt crisis is no where close to resolved. What has happened is the surrender of national sovereignties to Illuminist banksters by bought and paid for Illuminist politicians. It is all about saving the banks. The bailouts, actually more debts on the sheeple, is really for the banks. The MSM is portraying the banksters as saviors once again. This is far from the truth!
-
Here Is How The 50% Greek Haircut Is Actually Just 28%
Just the math, something Europe is unable to do:
- Greece has €350 billion in total debt including about €70 billion in Troika “post-petition” loans; these are untouched.
- Of the €280 billion, roughly €75 billion is held by the ECB: this, like the Troika loans, will be untouched.
- This leaves just ~€200 billion in actual debt to undergo a haircut.
- Apply a 50% haircut to this debt (ignoring the fact that of this about €35 billion is held by Greek pension funds, and once the realization that Greek pensions have been cut in half dawns upon the population, the result will be the biggest riots ever seen in Athens yet).
- Total debt to be cut: just about €100 billion.
- Hence, of the total €350 billion, just €100 billion is eliminated, most of it used to backstop and service Greek pension and retirement obligations - €250, or the residual, of €350, the original, means 72%, or a 28% haircut.
(see also: Greek haircut: When 50 percent is not half !)
- - It is a matter of when the contagion will spread to Italy. 10 year Italian bond yields are still rising. It has now reached way beyond 6.00%, the critical level, at 6.37%. The Illuminists are experts at manipulating the sheeple via the MSM. It helps that the sheeple are really gullible and easily deceived ! What is really happening is the massive build up of debts upon the shoulders of the sheeple to pay off the banks. More debts are being piled upon an insurmountable mountain of debts! France and Germany will go bust!
-
Italians gripped by rumours of contagion!
by Michael Day ,
http://www.independent.co.uk/
With the spectre of a default looming over Greece, the realisation that Italy is next in line for debt meltdown threw Silvio Berlusconi’s government into panic and disarray yesterday.
-
As the Italian premier flew to the G20 summit in Cannes, his fractured cabinet continued to bicker after failing to agree measures to slash debt and satisfy sceptical speculators, while new parliamentary rebels threatened to sink his fragile coalition.
-
There had been rumours that an emergency cabinet meeting late on Wednesday night would produce “drastic measures”, including a wealth tax on the rich, to shore up Italy’s coffers. But an emergency decree needed to force such measures through was rejected, principally by Mr Berlusconi’s cabinet nemesis, the Finance Minister, Giulio Tremonti, according to press reports.
-
The meeting even failed to produce details on key measures to liberalise the economy and reform pensions that had been pledged to the EU last week. Francesco Giavazzi, professor of economics at Milan’s Bocconi business school, said: “This is a very, very bad sign. Berlusconi went to Cannes with nothing… I don’t think the government can last more than a few days.”
-
But Mr Berlusconi has rejected a growing chorus of calls to step aside from the centre-left opposition, leading business figures, the Catholic Church and even centre-right rebels. The cabinet’s inability on Monday night to agree on existing pledges – to liberalise employment laws and sell state assets – and enforce extra ones by means of a decree led one cabinet minister, the outspoken Northern League member Roberto Calderoli, to tell reporters: “I’m totally disappointed.”
-
A government source said yesterday afternoon that Mr Berlusconi would tell EU partners at the G20 summit that he planned to use confidence votes to ensure that the less radical methods for cutting debt and boosting growth were passed within 15 days as part of an amendment to a budget bill already before the Senate. But last night news broke that six members of his PDL party were threatening to defect. All six signed a letter to Mr Berlusconi saying they would no longer support his wafer-thin majority in parliament if he did not seek to build a national unity government.
-
… for more click here!
end
Israel Speeds Up Nuclear Capable Ballistic Missile Tests as Speculation Grows of Attack on Iran!
- Who is the aggressor/provocateur here? It is the mentally ill Zionist state which flies a ’666′ flag. Netanyahu is openly pushing his government to attack Iran while once again pretending to be victims. Zionist ’666′ Israel has committed acts of genocide and ethnic cleansing for the past 63+ years against the Palestinians. The Satanic counterfeit has adopted Nazi tactics of imprisoning 1.5 million Palestinians in an open air prison called Gaza while pretending to be victims.
- - It is occupying Palestinian land illegally while pretending to be victims. This is a mentally ill state, great at propaganda, psyop and false flag attacks. But in reality the greater fools are these Zionists. These are the most brainwashed, deceived useful idiots leading their people down the Satanic World War 3 Plan path. Satan will always use your weakness against you! It’s war you want, it’s war you get. At the end of this coming war: Zionist ’666′ Israel will no longer exist – read the Satanic World War 3 Plan!
- - The Bible illustrates the conditions during the endtimes in Ezekiel 38:
-
Ezekiel 38 (emphasis mine)
…. ‘Thus says the Lord GOD: “Behold, I am against you, O Gog, the prince of Rosh, Meshech, and Tubal. ….
8 After many days you will be visited. In the latter years you will come into the land of those brought back from the sword and gathered from many people on the mountains of Israel, which had long been desolate; they were brought out of the nations, and now all of them dwell safely. 9 You will ascend, coming like a storm, covering the land like a cloud, you and all your troops and many peoples with you.”
10 ‘Thus says the Lord GOD: “On that day it shall come to pass that thoughts will arise in your mind, and you will make an evil plan: 11 You will say, ‘I will go up against a land of unwalled villages; I will go to a peaceful people, who dwell safely, all of them dwelling without walls, and having neither bars nor gates’— 12 to take plunder and to take booty, to stretch out your hand against the waste places that are again inhabited, and against a people gathered from the nations, who have acquired livestock and goods, who dwell in the midst of the land.
- - Let me assure you, this coming Greater Middle East War is not the war of Ezekiel 38. Ashkenazi Khazars are not the Jews of the Bible. They are non semitic people whose ancestors came from around the Caucasus mountains. Zionist ’666′ Israel is a war mongering Satanic counterfeit with 400 nuclear bombs. It is the 4th/5th strongest military power in the world.
- - Ezekiel 38 suggests that this coming war will see the total annihilation of Zionist ’666′ Israel. The verses state clearly that the biological descendents of Israel will be peaceful people (livestock farmers) and living in tent villages ie.: ‘… a land of unwalled villages; … a peaceful people, who dwell safely, all of them dwelling without walls, and having neither bars nor gates’. So all those beautiful walled homes, walled cities with their security fences/walls, the military police state … that you see now … will no longer exist! If they exist why aren’t the Jews of Ezekiel 38 living in them?
- - Israel speeds up ballistic missile tests as speculation grows of attack on Iran
By Wil Longbottom,
http://www.dailymail.co.uk/
Israel successfully test-fired a missile capable of carrying a nuclear warhead and striking Iran today, fuelling concerns the country’s leaders are considering a military attack. The concerns were sparked over the weekend by a report in the Yediot Ahronot newspaper that said Prime Minister Benjamin Netanyahu and Defence Minister Ehud Barak favour an attack.
-
That was followed by a report in the Haaretz daily today that said Mr Netanyahu is now lobbying Cabinet members for a military strike, despite the likelihood it would draw a retaliation from Iran.
-
An Israeli defence official said the military tested a ‘rocket propulsion system’ in an long-planned exercise. Further information about the test was censored by the military, but foreign reports said it was a long-range Jericho missile – capable of carrying a nuclear warhead and striking Iran.
-
Israel considers Iran its most dangerous threat. It cites Tehran’s nuclear programme, its ballistic missile development, repeated references by the Iranian leader to Israel’s destruction and its support for anti-Israel militant groups Hamas and Hezbollah.
-
Iran denies allegations that it aims to produce a bomb, saying its nuclear programme is meant only to produce energy for the oil-rich country. It has blamed Israel for disruptions to the nuclear programme, including the mysterious assassinations of a string of Iranian nuclear scientists and a computer virus that wiped out some nuclear centrifuges.
-
… for more click here!
- -
The 13th Tribe of Khazaria! Ashkenazi Khazars Are Not The Jews of The Bible!
If almost 98% of JEWS we know today are NOT semitic, wouldn’t the term ANTI-SEMITIC be null and void? I made this video with 3 Jewish friends who admit they are not Semites!!!!
-
“Many [modern-day Jews] of whom have clamored to go back [to Palestine] NEVER had antecedents [physical ancestors] in that part of the world …. The OVERWHELMING majority of Jews are descendants from the converts of Khazaria and elsewhere who ADOPTED Judaism…. This VIEW of the NON-ethnicity of the largest portion of Jewry IS SUSTAINED by such prominent anthropologists as Ripley, Weissenberg, Hertz, Boas, Pittard, Fishberg, Mead and others. . “
- Dr. Alfred M. Lilienthal
-
“… Though many Jews are NOT of Semitic origin, we are the religious, spiritual, and national [but NOT genetic] descendants of those who first formed the early foundations of Judaism who were Semites”
- Rabbi Cyril A. Stanway in “Viewpoints,” Thursday, November 8, 1990, in the Sun-News (Las Cruces, New Mexico)
-
. .” these Eastern European, Yiddish-speaking Jews who form the Zionist group practically in toto [almost entirely], have NEITHER a geographic, historic NOR ethnic connection with either the Jews [Israelite Judahites] of the Old Testament OR the land known today as Palestine. “
- Jewish Dr. Benjamin H. Freedman, published by the National Economic Council, Inc. as “Council Letter No. 177 (October 15, 1947)
- -
Modern Ashkenazi Jews are not the Jews of the Bible! God’s covenant was with Abraham and his biological descendents. Ashkenazi Jews are not semitic and their ancestors were never in Palestine. They are not the descendents of Abraham/Isaac/Israel. They have no right to stay in Palestine. What the Zionists are doing to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is not the Israel of the Bible! It is a LIE!
-
1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
(1980 Jewish Almanac, p. 3)
.
The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
.
The American Peoples Encyclopedia
… for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
-
According to the standard Jewish Encyclopedia 96% of all the Jews known to the world today are descendents of the Khazar tribes of Russia, Eastern Europe and western Mongolia.
- - See also:
-
Nuclear Threat is From Israel NOT Iran!
VANUNU’S PHOTOS OF DIMONA – 1985
Israel’s Nuclear Weapons Program
BBC: Israel’s Secret Weapon! The Secrets of Israel’s Nuclear Arsenal !
Iran’s Nuclear Facilities: The Facts! Who is Really Destabilizing the Middle East?
IRAN: Building a Nuclear Weapon? You’re Kidding, Right?
Washington And Israel – Partners In State Terror!
BBC: Israel’s Secret Weapon! The Secrets of Israel’s Nuclear Arsenal !
Scott Horton Debunking Propaganda Against Iran! Iran Is NOT A Nuclear Threat!
Propaganda War Against Iran Debunked in Less Than 6 Minutes! Iran Does Not Have A Nuclear Weapons Progam!
Amiri Told CIA Iran Has No Nuclear Bomb Program!
Iran Scientist: CIA Offered Me $50m To Lie About Nuclear Secrets!
WMD Claims Were Lies Says Former Envoy!
Dubious Intelligence on Iran’s Nuclear Program Used to Justify UN Sanctions and US War Threats!
Iran vs Israel: What The Media Wants You To Forget!
Israel And America Declare Total War on Persia!
Ex-CIA Warns US ‘Dangerously Wrong’ on Iran!
Professor Chossudovsky: Absurdities and Atrocities – The Threat of World War III !
Nima Shirazi: Israel Always Needs an Existential Threat to Survive!
The Absurd US Stance on Israel’s Nukes!
Zionist Israel’s Psychological Ops Against Iran! Laying The Ground Work For A Nuclear False Flag Attack In America To Blame Iran?
Iran’s ‘Global Security Threat’ BS! Who Is The Real Threat To World Peace?
IRAN: Building a Nuclear Weapon? You’re Kidding, Right?
Towards a World War III Scenario? The Role of Israel in Triggering an Attack on Iran! Part II The Military Road Map!
Chossudovsky: Targeting Iran, Is the US Administration Planning a Nuclear Holocaust?

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
Obama Tells Allies U.S. Will Attack Iran By Fall 2012!
- Obama and Netanyahu are both Freemasons. They are Illuminist puppets serving their Satanic masters. They are not serving the American public or Zionist Israeli public. Unfortunately, the sheeple are easily deceived and will fall for fear, hate mongering, war propaganda, fabricated evidence and false patriotism!
- - Both America and Zionist Israel are governed by Illuminists. Zionist ’666′ Israel is clearly a Satanic counterfeit. Having said this, I am quite sure the ruling power in Iran is also Illuminist. All this war mongering is really to drive the sheeple towards the Satanic World War 3 Plan. The Satanists who control the world are under the influence/control of: Eph 2:2 “… prince of the power of the air, the spirit who now works in the sons of disobedience“
-
Obama Tells Allies U.S. Will Attack Iran By Fall 2012
by Paul Joseph Watson, www.Infowars.com
President prepared to use war as re-election campaign tool
Barack Obama has told America’s allies that the United States will attack Iran before fall 2012 unless Tehran halts its nuclear program, a time frame that suggests Obama is willing to use war as a re-election campaign tool to rally the population around his leadership.
-
A subscriber-only report by DebkaFile, the Israeli intelligence outfit which has been proven accurate in the past, reveals that shortly after the end of NATO operations in Libya at the start of this week, “President Barack Obama went on line to America’s senior allies, Britain, France, Germany, Italy, Israel and Saudi Arabia, with notice of his plan to attack Iran no later than September-October 2012 – unless Tehran halted its nuclear weaponization programs.”
-
According to the report, the window of opportunity for an attack before Iran moves the bulk of its nuclear processing underground is quickly evaporating. Obama’s directive contributed to the flurry of reports this week about NATO powers putting their Iran war contingency plans on standby.
-
“Obama’s announcement was not perceived as a general directive to US allies, but a guideline to blow the dust off the contingency plans for a strike against Iran’s nuclear facilities which stayed locked in bottom drawers for three years,” states the report, adding that “Obama’s announcement spurred Germany, France, Britain, Italy and Israel into girding their navies, air forces, ballistic units and anti-missile defense systems for the challenges ahead.”
-
The imminent withdrawal of U.S. troops from Iraq is part of a program to re-arrange the United States’ presence in the Gulf. This dovetails with numerous reports over the past few weeks that large numbers of U.S. troops are being stationed in Kuwait.
-
“Military sources in the Gulf report that NATO and Persian Gulf leaders are treating the prospect of a US strike against Iran with the utmost seriousness,” states the article, adding that America plans to rebuild its Gulf presence as part “of a new US focus on cutting Iran down to size.”
-
The timing of a potential fall 2012 attack would of course coincide with Obama’s attempt to secure a second term in the White House. If by that time the United States has embarked on yet another military assault in the Middle East, it would undoubtedly play to Obama’s advantage, just as George W. Bush cited U.S. involvement in Iraq as a reason for voters not to “change horse” in the middle of a race back in 2004.
-
As we have previously reported, influential neo-cons within the U.S. have made it clear to Obama that they will give him political cover and an opportunity to resurrect his flagging political career if he launched an attack on Iran.
-
… for more click here!
end
Iran Cornerstone of Possible WW3 over Mid East!
- The Satanic WW3 plan is in full motion. I do not expect this war to start soon. My guestimate is still 2H2012. In this coming WW3, many gullible Christian sheeple will be sucked into it. Practically, all Jewish sheeple will be sucked into it. The Satanists are simply manipulating the Jewish, Christian and Muslim sheeple into killing one another.
- - It is quite clear that an attack on Iran is no walk in the park. Iran is Muslim but not Arabic. The Iranians are not Arabs. They are the Persians of old. Iran will survive this coming war. But both the Arab Muslim world and Zionist Israel will be destroyed.
- - Jesus Christ, the blessed Son of God, never taught me to hate and kill anybody. The commandments are very clear: Love God, love your fellowmen .. and even your enemies and preach the Gospel, make disciples. Do not get involve in this coming war militarily. I suggest to all western Christian soldiers to abandon the military go back home, live peacefully, watch your children grow up … preach the Gospel. Don’t be deceived useful idiots, cannon fodder, complicit in your own destruction.
- - Satanic World War 3 Plan
“The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.
-
Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
-
Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.”4
end



![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)