Socio-Economics History Blog

Socio-Economics & History Commentary

Jesse Ventura Decries “Fascist” America After Judge Tosses TSA Case!

November 5, 2011 Posted by | Social Trends | , , , , | 1 Comment

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!)
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    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”. 
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    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.
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    “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.”
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    “Next stop, France.”
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    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?
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    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.

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November 5, 2011 Posted by | Economics | , , , , , , , , | 1 Comment

Italians Gripped by Rumours of Contagion!

Global economic, financial and monetary meltdown coming!

  • 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!
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    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 !)
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  • 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!
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    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.
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    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.
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    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.
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    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.”
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    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.”
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    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.
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    … for more click here!

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November 5, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

Israel Speeds Up Nuclear Capable Ballistic Missile Tests as Speculation Grows of Attack on Iran!

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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November 5, 2011 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off

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!
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  • 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
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    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.
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    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.”
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    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.
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    “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.”
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    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.
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    “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.”
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    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.
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    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.
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    … for more click here!

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November 5, 2011 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off

Bob Chapman: The Best Thing for Greece To Do is To Default And Go Back To Drachma!

November 5, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Comments Off

Guns ‘n’ Banks: There’s No Law on Wall Street !

November 5, 2011 Posted by | Economics | , , , , , , , , , | 1 Comment

Celente: Washington is Wall Street, Wall Street is Washington!

November 5, 2011 Posted by | Economics | , , , , , , , , , , , , | Comments Off

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.
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  • 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.
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  • 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.
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  • 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.
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    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.
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    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

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November 5, 2011 Posted by | GeoPolitics | , , , , , , , , | Comments Off

Greece Denied Debt Euthanasia To Save Euro!

November 5, 2011 Posted by | Economics | , , , , , , , | Comments Off

   

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