Socio-Economics History Blog

Socio-Economics & History Commentary

What Really Didn’t Happen At Dachau? Holocaust Myths!

Do you really believe in all the Illuminist propaganda?

Auschwitz deaths reduced to 1 Million!

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 15, 2011 Posted by | History | , , , | Comments Off

Bob Chapman: Europe May Need US$8 Trillion!

November 15, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off

Eurozone Bail-Out Fund Has To Resort To Buying Its Own Debt !

Will not be missed !

  • The world is facing an insurmountable mountain of debt which will not be repaid. The Eurozone buying its own debts, simply tells you that the whole system is fraudulent like a giant ponzi scheme! It is a CONfidence Job!
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    Eurozone bail-out fund has to resort to buying its own debt
    By Harry Wilson and Kamal Ahmed, http://www.telegraph.co.uk/
    Europe’s €1 trillion (£854bn) rescue fund has been forced to buy its own debt as outside investors become increasingly concerned about the worsening eurozone sovereign debt crisis.
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    The European Financial Stability Facility (EFSF) last week announced it had successfully sold a €3bn 10-year bond in support of Ireland. However, The Sunday Telegraph can reveal that target was only met after the EFSF resorted to buying up several hundred million euros worth of the bonds.
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    Sources said the EFSF had spent more than € 100m buying up its own bonds to help it achieve its funding target after the banks leading the deal were only able to find about €2.7bn of outside demand for the debt.
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    The revelation will be seen as a major failure and a worrying sign of future buyers strike after EFSF officials and their bankers had spent recent weeks travelling the world attempting to persuade key investors, including China’s national wealth fund and Japanese government funds, to buy its bonds.
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    Chinese and Japanese money was crucial to last year’s first bond sales by the EFSF, but they have since been dismayed by the eurozone’s failure to resolve the worsening debt crisis and alarmed at how fund has morphed from being a rescue facility for European banks into a potentially €1 trillion leveraged first-loss insurer for eurozone governments.
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    … for more click here!

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November 15, 2011 Posted by | Economics | , , , , , , | 1 Comment

Merkel: Toughest Hour Since WW2 !

  • The entire Eurozone is set up for failure. All the actions taken have just made things worse. What does that tell you? The Illuminists want a catastrophic collapse of the Eurozone! They are simply creating the chaos needed to usher in their New Monetary World Order. This is a One World Currency supervised via a Global Supra-National Central Bank (likely to be a re-engineered IMF) !
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    Eurozone crisis: Merkel: toughest hour since WW2
    by http://www.guardiannews.com/
    Angela Merkel has warned that Europe faces perhaps its toughest time since the second world war. In a speech to her Christian Democratic Union party, the German chancellor said that closer political union was needed to save Europe. “If the euro fails then Europe will fail,” she cautioned.
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    Europe could be in worst hour since WW2: Merkel
    By James Mackenzie and Barry Moody 
    (Reuters) – Prime Minister-designate Mario Monti meets the leaders of Italy’s biggest two parties on Tuesday to discuss the “many sacrifices” needed to reverse a collapse in market confidence that is driving an ever deepening euro zone debt crisis.
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    Global equity markets and the euro slid Monday on doubts Monti and Greece’s new leader would take the tough steps needed, and a report said the situation in triple-A rated euro zone power France should be “ringing euro zone alarm bells.”
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    Greece’s new technocrat Prime Minister Lucas Papademos said late Monday that Greece had no choice but to remain inside the euro zone, telling lawmakers reforms were the only way to mitigate painful austerity measures which had deepened the recession.
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    But conservatives on whom he must rely for support demanded pro-growth policies and rejected talk of further austerity measures, fueling fears of a Greek default that may force Athens out of the 17-nation euro currency group and trigger a euro zone debt meltdown.
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    German Chancellor Angela Merkel caught the mood of crisis with a stark warning Monday that Europe could be living through its “toughest hour since World War Two.” She told her CDU party she feared Europe would fail if the euro failed and vowed to do anything to stop this from happening.
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    Monti will pursue his efforts Tuesday to secure enough support from Italy’s feuding politicians to allow his cabinet of experts to speed up delivery of painful reforms of pensions, labor markets and business regulation needed to put Italy’s finances on a sustainable footing.
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    Italy has to refinance some 200 billion euros ($273 billion) of bonds by the end of April, a daunting prospect given it was forced Monday to pay a euro-lifetime record yield of 6.3 percent to sell five-year bonds to wary investors.
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    … for more click here!

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November 15, 2011 Posted by | Economics | , , , , , , , , | Comments Off

So Much For “Europe Is Fixed”: French, Spanish, And Belgian CDS Hit New Records!

  • CDS (Credit Default Swap) is just an insurance against default which creditors buy to protect themselves. Record high CDS rates mean that the cost of insuring against default by debtor nations have risen to new records. The market is saying they do not have confidence in these nations and are demanding a higher rate for the increased risk!
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    So Much For “Europe Is Fixed”: French, Spanish, And Belgian CDS Hit New Records
    by Tyler Durden, http://www.zerohedge.com/
    It seems that rotating a few pawns at the top is not quite the bazooka everyone expected it to be last week. Case in point: CDS in the core European trio of France, Spain and Belgium just hit new all time wides. But before anyone blames evil CDS speculators, it is notable that CDS is significantly outperforming cash bonds. And since everything that can be said about Europe’s ongoing implosion has been said already, the only question is which Goldman “advisor” will replace Sarko in a few weeks.

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November 15, 2011 Posted by | Economics | , , , , , , , | Comments Off

Spanish Bond Yields Up Sharply!

RIP: Rest In Pieces

  • The Eurozone sovereign debt crisis is far from over. The end game is the destruction of the Euro!
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    Spanish bond yields up sharply!
    By David Oakley, Robin Wigglesworth and Ralph Atkins
    http://www.ft.com/
    The extra cost for Spain to borrow in comparison to Germany reached a  euro-era high on Monday amid signs that Madrid was being sucked further back  into the eurozone crisis. Spanish 10-year bond yields also surged above 6 per cent for the first time  since early August as they traded higher in line with moves in Italian debt in  spite of news that Mario  Monti, a former EU commissioner, would take the helm of a coalition  government in Rome.
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    The euro also fell as fears that the eurozone was sliding back into recession  overshadowed rising hopes that new political leaders in both Italy and Greece  could help implement the necessary reforms to end the region’s debt crisis. Traders said that both Spain and Italy had started to see a big jump in  yields after an Italian five-year bond auction saw yields hit a euro-era high  for such a sale.
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    Elisabeth Afseth, fixed-income strategist at Evolution Securities, said: “The  markets are very nervous and both Spain and Italy are seeing a worrying rise in  yields. Spain is now seeing its yields rise in line with Italy again. Last week  Spain outperformed Italy, but not today. The Italian bond auction seems to have been the trigger.”
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    Traders said there was little interest to buy Spanish or Italian bonds from  private investors amid a lot of orders to sell, particularly from eurozone  banks. The European Central Bank, however, was purchasing in small size, they  said.
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    … for more click here!

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November 15, 2011 Posted by | Economics | , , , , , , | Comments Off

Was Israel Behind a Deadly Explosion at an Iranian Missile Base?

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 15, 2011 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off

Roger Nightingale: There Is ‘No Way Out’ for Europe!

  • There Is ‘No Way Out’ for Europe: Economist
    By: Shai Ahmed, www.cnbc.com
    There is no solution to the current debt crisis plaguing the euro zone, and it’s an illusion to think that one lies on the horizon, an economist told CNBC Monday. “There is no way out, I never thought there was, not for any of the countries that are in trouble. Once one of these countries goes into this sort of problem, there is no escape,” Roger Nightingale, economist at RDN Associates, said.
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    He dismissed the current, positive sentiment among investors regarding Italy as temporary and fleeting. “In a few days time or a few weeks, things will go wrong again, yields will go up and the whole thing will skid into decline. It’s a foregone conclusion most of Europe is already in recession. It is relatively uncompetitive, and it is facing extra bond yields, extra interest rates which of course it can’t live with, and (it) will have slower rates of growth,” he added.
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    … for more click here!

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November 15, 2011 Posted by | Economics | , , , | Comments Off

Gerald Celente Hammers MF Global’s “MF’ers” on Capital Account !

November 15, 2011 Posted by | Economics | , , , , | Comments Off

Syrian Suspense: Military Intervention Definitely on The Table!

November 15, 2011 Posted by | GeoPolitics | , , , , , | Comments Off

Max Keiser: Gold & Silver Stake for Wall St. Zombie Bankers!

November 15, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

Professor Kerber: Germany Will Leave The Euro Unless The ECB is Reformed !

November 15, 2011 Posted by | Economics | , , , , , , | Comments Off

   

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