Spanish, French Bond Yields Soar!

Contagion: Europe on The Brink as Debt Crisis Spreads To Spain !

• This is going to end badly for the world. I do not believe that Asia will escape, it may suffer less but will suffer nevertheless.
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  CONTAGION: EUROPE ON THE BRINK AS DEBT CRISIS SPREADS TO SPAIN 
  By Emily Fox for www.express.co.uk 
  FEARS of contagion in Europe intensified today as the debt crisis spread to Spain. Spain was forced to pay nearly 7 per cent to borrow 3.56 billion euros (£3billion) on bond markets. Italian and French borrowing costs also rose as investors feared the countries may default on their debt repayments amid fears the eurozone is on the brink of recession.
  …
  Italian borrowing costs have remained above 7per cent, with new leader Mario Monti expected to unveil his government’s anti-crisis strategy in Parliament later today. Chris Beauchamp, market analyst at IG Index, said: “Italian benchmark yields are back in the bailout zone, above 7 per cent, despite the installation of a cabinet of technocrat experts in Rome, while Spanish yields are heading merrily towards the same abyss.
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  “Even more worrying was the continuing rise in French bond yields, and while these might be nowhere near the danger zone, it reminds everyone that the next eurozone domino after Italy and Spain is France.”
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  The rise in borrowing costs for Spain and Italy are creating panic because the countries are seen as too big to bail-out and could crash the eurozone.

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Forbes: The Next Financial Crisis will be Hellish, And It’s on Its Way!

This is what is coming up for the world economy!

• There is no way out of the coming global economic, financial and monetary collapse. Eventually, the Illuminist banksters will create a massive amount of money out of thin air to bail out their banks! All major fiat currencies will be toast. Minor currencies will not survive the hyperinflation onslaught! Be prepared ! Got physical gold yet?
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  The next financial crisis will be hellish, and it’s on its way!
  By Addison Wiggin, www.forbes.com 
  “There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”
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  We’re raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out.  We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.
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  Speaking in Tokyo, he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world’s major banks are tangled up. Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius’ guess of 10 times the world’s annual GDP. “Are the derivatives regulated?” asks Mobius. “No. Are you still getting growth in derivatives? Yes.”
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  In other words, something along the lines of securitized mortgages is lurking out there, ready to trigger another crisis as in 2007-08. What could it be? We’ll offer up a good guess, one the market is discounting.
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  Seldom does a stock index rise so much, for so little reason, as the Dow did on the open Tuesday morning: 115 Dow points on a rumor that Greece is going to get a second bailout. Let’s step back for a moment: The Greek crisis is first and foremost about the German and French banks that were foolish enough to lend money to Greece in the first place. What sort of derivative contracts tied to Greek debt are they sitting on? What worldwide mayhem would ensue if Greece didn’t pay back 100 centimes on the euro?
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  That’s a rhetorical question, since the balance sheets of European banks are even more opaque than American ones. Whatever the actual answer, it’s scary enough that the European Central Bank has refused to entertain any talk about the holders of Greek sovereign debt taking a haircut, even in the form of Greece stretching out its payments.
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  That was the preferred solution among German leaders. But it seems the ECB is about to get its way. Greece will likely get another bailout — 30 billion euros on top of the 110 billion euro bailout it got a year ago. It will accomplish nothing. Going deeper into hock is never a good way to get out of debt. And at some point, this exercise in kicking the can has to stop. When it does, you get your next financial crisis.
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  And what of the derivatives sitting on the balance sheet of the Federal Reserve? Here’s another factor behind our heightened state of alert. “Through quantitative easing efforts alone,” says Euro Pacific Capital’s Michael Pento, “Ben Bernanke has added $1.8 trillion of longer-term GSE debt and mortgage-backed securities (MBS).”
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  Think about that for a moment. The Fed’s entire balance sheet totaled around $800 billion before the 2008 crash, nearly all of it Treasuries. Now the Fed holds more than double that amount in mortgage derivatives alone, junk that the banks needed to clear off their own balance sheets.
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  “As the size of the Fed’s balance sheet ballooned,” continues Mr. Pento, “the dollar amount of capital held at the Fed has remained fairly constant. Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.
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  “Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.”

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Truth And Lies Behind The IAEA Report !

• Which countries have been threatening to bomb Iran for decades? America and Israel ! The country which has (400) nuclear bombs in the Middle East is Zionist ’666′ Israel not Iran. All these talk about Iran building a nuclear bomb is pure BS. Here are the facts about the real nuclear threat in the Middle East!
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  Noted Israeli military historian Martin van Creveld stated that Israel could find itself one day forced to exterminate the European continent using all kinds of weapons including its nuclear arsenal if it felt its demise neared
  by http://www.palestine-info.co.uk/
  Noted Israeli military historian Martin van  Creveld stated that Israel could find itself one day forced  to exterminate the European continent using all kinds of weapons  including its nuclear arsenal if it felt its demise neared, stressing  that Israel also considers Europe a hostile target.
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  This came in a press interview  broadcast by the seventh Hebrew radio and was translated on Wednesday into Arabic by the press information analysis and study center.
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  “We have hundreds of nuclear warheads and missiles that can reach different targets in the heart of the European continent, including beyond the borders of Rome, the Italian capital,”  Creveld said, adding that most of the European  capitals would become preferred targets for the Israeli air force.
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  The Israeli historian reiterated  Israel’s ability to destroy the whole world whenever it felt its existence would be doomed to extinction.  As for the Palestinians, the  historian said that Israel at the present time pursues a specific strategy based on mass deportation of the Palestinian people and has intentions to expel all Palestinians without exception, but it is  awaiting the right moment to take this step.
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  “Two years ago, there was only seven to eight percent of the Israelis believing in this solution towards the Palestinians and just two months ago this percentage rose amongst the Israelis to 33 percent, but today, according to a survey conducted by Gallup institute, this figure surged to 55 percent,” he  noted.
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  The historian highlighted that  Israel must take advantage of any incident that would give it a golden opportunity to expel the Palestinians as happened in Deir Yassin massacre in 1948. – Replying to a question whether  Israel does not have fears of being classified as a criminal state if it expelled Palestinians, he said, “Israel is a state that does not care about what others say about it and you must remember the saying of  former defense minister Moshe Dayan when he said that ‘Israel must  always act as a wild dog because it should be dangerous in the eyes of  others, rather than be harmed.’”
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• I want to quote to you now from one of my Panorama interviews with Golda Meir ….  “Prime Minister I want to be sure I understand what you’re saying… You are saying that if ever Israel was in danger of being defeated on the battlefield, it would be prepared to take the region and the whole world down with it?” Without the shortest of pauses for reflection, Golda replied: “Yes, that’s exactly what I’m saying.” ….. How, actually, would the Zionist state of Israel take at least the region down with it? It would arm its nuclear missiles, target Arab capitals, then fire the missiles.
  - Alan Hart, Author of Zionism: The Real Enemy of the Jews 

by Warner D. Farr, LTC, U.S. Army, http://www.au.af.mil/

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Ron Paul: “FedRes is Immoral” – Speech at The CATO!

Bloody Civil War at Hand as Syria Under Ultimatum!

Keiser Report: In Debt We Trust !

Rockefeller (Illuminati) New World Order Agenda!

Source: http://nwothesis.blogspot.com/

Professor Murray Sabrin Admits Ron Paul is Silenced By The Media Because of The Federal Reserve!

• The western MSM is Illuminist owned. They have an agenda. It is the Illuminist New World Order Agenda!
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  Sabrin: FedRes Behind Effort to Ignore Ron Paul !
  by Kurt Nimmo www.Infowars.com
  In the video below, Murray Sabrin, a professor of finance in the Anisfield School of Business at Ramapo College in New Jersey, says the establishment media is ignoring Ron Paul because of he is a critic of the Federal Reserve.
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  For months now we have been told that the reason Paul is routinely sidelined by the media is because he can’t win the nomination and he is too far out of the “political mainstream” to be a serious contender. Despite this explanation, Paul continues to win straw polls and raise millions for his campaign. He consistently places in the top three, although the corporate media refuses to acknowledge this.
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  Even the so-called “conservative” media relegate Ron Paul to failure and would like to see him fade into the political wilderness. For instance, the Washington Times today argues that the best Paul can do is steer his dedicated supporters into the Republican Borg hive. Libertarian Paul supporters, the newspaper argues, should concentrate on sending constitutionalists to the House and Senate and stop believing they can win the presidency.
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  Ron Paul is the only one who has “blown the whistle” on the Federal Reserve’s cheap money scam that is destroying the country, Sabrin notes. Because he challenges the Federal Reserve system, the media – including the “anti-establishment” (that is to say Republicans opposed to the Democrat duopoly) – continue to insist Ron Paul is irrelevant and cannot win.

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Spain’s Borrowing Costs Hit 14-Year High!

Spanish govt bond yield soars!

• The sovereign debt crisis contagion is spreading like wildfire. It is now affecting the core Eurozone nations, not just the PIIGS!
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  Spain’s borrowing costs hit 14-year high!
  by http://www.bbc.co.uk/news/ 
  Spain’s borrowing costs have risen at its latest bond auction, as Spaniards prepare to vote for a new government to tackle its financial crisis. On money borrowed today, payable in 10 years, Spain has to pay an interest rate of 6.975%, the highest since 1997.
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  A high rate or yield indicates investors may not have confidence in a government to fully repay its debts. The figure is perilously close to 7% – the level at which other eurozone countries have had to seek bailouts. The average yield on 10-year Spanish government bonds soared from 5.433% in October.
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  Italian 10-year bond yields passed 7% earlier this month.
  Opinion polls indicate that the opposition Popular Party will win Spain’s general election on Sunday, ending seven years of Socialist government.
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  ‘Dreadful’ result
  The Spanish government sold 3.56bn euros (£3.04bn; $4.79bn) worth of bonds out of a maximum target of 4bn euros. The auction attracted bids worth 1.5 times the securities offered. The so-called bid-to-cover ratio was down from 1.8 in October.
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  “The result was dreadful. They didn’t manage to raise the full amount and the bid-to-cover is really poor,” said Achilleas Georgolopoulos, rates strategist at Lloyds in London. “The fiscal profiles of Spain and Italy are different but their yields seem to be aligning now.”
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  A similar auction in France saw French short-term borrowing costs – for its two and four-year bonds – also rise by about half a percentage point. The government raised 6.98bn euros through the sale, but the interest rate on its four-year bond jumped to 2.82% from 2.31% in October. The spread between French and German 10-year bond yields widened to more than two percentage points – the widest since the euro was created in 1999 – amid fears that France will be the next eurozone country to face a debt crisis.
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  … for more click here!

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Now That Greece Has Defaulted, The Default Dominos Are Coming Fast !

• Larger financial earthquakes are coming! It will get progressively worse until the PIIGS collapse, cascades across Europe, UK, Japan … and finally the USA! Got physical gold yet?
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  Now That Greece Has Defaulted, the Default Dominos Are Coming Fast!
  by Phoenix Capital Research, http://www.zerohedge.com/ 
  Now that Greece has defaulted (and it was a default) I believe that in the coming weeks we will see other PIIGS countries line up for defaults. Indeed, we are already seeing hints of this…
  …
  Now that a precedent has been set for debt defaults, other nations will soon follow Greece into debt restructuring. This is where things will begin to get really interesting for the EU. While Greece is already presenting serious problems for the European Union, it is Italy that will prove to ultimately break the Euro’s back.
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  Italy’s GDP is $2.05 trillion, making it the third largest economy in the EU and the EU’s biggest financial headache. It has the second worst Debt to GDP ratio in Europe (behind Greece) and the third largest bond market in the world (behind Japan and the US). In plain terms, Italy is a HUGE problem for the financial system. And it’s only going to be getting worse. Indeed, Italy’s reality is already far worse than most realize today.
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  When you throw in unfunded liabilities, Italy’s REAL Debt to GDP ratio is north of 360%.  In order for Italy to meet ALL future liabilities, it would need to have an amount equal to nearly 10% of its GDP sitting in a bank collecting interest FOREVER.
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  Suffice to say, Italy doesn’t have that cash. And based on its debt maturation cycle I expect we’ll see an Italian default within the next six months. Indeed, no matter what happens with Greece, Italy will make sure that the EU in its current form no longer exists within the next year.
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  In the next 14 months alone, Italy needs to roll over an amount of debt equal to over 30% of its GDP ($615 billion). When you add in NEW debt issuance to meet Italy’s deficit, the number balloons up to 40% of GDP or $820 billion.
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  The problem with this is that investors are quickly waking up to the fact that Italy is BROKE. With a GDP growth rate of 1.3% and an aging population, Italy’s economy is in shambles. In this environment, appetite for Italian bonds is collapsing, resulting in higher interest rates on Italian bonds, making Italy’s debt payments even larger (each new percentage point in interest rates means $4.1 billion more in funding costs for Italy in 2012).
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  … for more click here!

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C.I.A Funding and Manipulation of the U.S. News Media!

• YouTube:
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  Operation Mockingbird was a secret Central Intelligence Agency campaign to influence foreign media beginning in the 1950s.
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  “The Central Intelligence Agency owns everyone of any significance in the major media.” – William Colby, former CIA Director
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  “There is quite an incredible spread of relationships. You don’t need to manipulate Time magazine, for example, because there are [Central Intelligence] Agency people at the management level.”
  – William B. Bader, former CIA intelligence officer, briefing members of the Senate Intelligence Committee, The CIA and the Media, by Carl Bernstein
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  “The Agency’s relationship with [The New York] Times was by far its most valuable among newspapers, according to CIA officials. [It was] general Times policy … to provide assistance to the CIA whenever possible.”
  – The CIA and the Media, by Carl Bernstein
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  “We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”
  – David Rockefeller, Speaking at the June, 1991 Bilderberger meeting in Baden, Germany (a meeting also attended by then-Governor Bill Clinton and by Dan Quayle
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  The interests behind the Bush Administration, such as the CFR, The Trilateral  Commission — founded by Brzezinski for David Rockefeller — and the  Bilderberger Group, have prepared for and are now moving to implement open world dictatorship within the next five years. They are not fighting against terrorists. They are fighting against citizens.
  – Dr. Johannes B. Koeppl

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MEP Nigel Farage: “Here We are on The Edge of a Financial And Social Disaster! … What Gives You The Right To Dictate To The Italian People? You Should All Be Fired !”

Dan Norcini: Fear, Fear and More Fear!

• The bullion banksters have been whacking gold and silver for the past few days. Gold should be rising in the face of rising threat of Eurozone sovereign debt default. But it went down counter-intuitively. This tells you that the market is entirely manipulated by the Illuminist bullion banksters to protect their fiat currency monetary franchise (ie: USD and Euro). However, they know that both currencies will eventually collapse and gold (and silver) will rise! They are preparing their gold backed One World Currency for this endgame!
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  Fear, Fear and more Fear!
  by Dan Norcini, http://traderdannorcini.blogspot.com/
  European woes are rising and as they rise, more and more it seems as if the level of FEAR is rising alongside of it. The cost of insuring FRench, Italian, Portuguese, and Belgium bonds hit record highs today. The ECB was said to be a buyer of Italian bonds today (no one else seems to want them).
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  I think it does not take much in the way of insight to realize that after the collapse of MF Global (they insanely leveraged their buys of European sovereign debt to asinine levels and raided their customer monies in an effort to cover their staggering losses), there is no market for European sovereign debt. Investors are looking at the huge sums of this debt on the books of the European banks (and that on the books of US based banks as well) and are suddenly realizing that there is no one to sell this stuff to besides the big Central Banks. Many are fearing that a collapse of those big banks is coming without some sort of action by the ECB.
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  One has to wonder what good that will do in the long run because it will no doubt involve money printing. That is what has Germany reluctant to go along with the program because the Germans are fearful of the impact on the Euro.
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  All this fear send investors/traders rushing into cash and once again jettisoning commodities in general while buying US Treasuries. Hey, compared to Greek or Italian or French debt, US Treasuries look like the Rock of Gibraltor for stability. What makes this so ironic is that the US reached the “laudable” level of $15 TRILLION in indebtedness. The Dollar – like I have said repeatedly, right now it is the best looking piece of trash on the kitchen floor.
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  Gold was sold along with silver and along with Platinum and Palladium, which were absolutely crushed today. Palladium dropped near 7%. Copper of course was hammered lower falling better than 3%. In that sort of environment it is to be expected that Silver would get the snot beat out of it. It is down nearly 6.55 as I type this.
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  … for more click here!

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MEP Daniel Hannan (UK): “In The Past 2 Weeks We Have Witnessed a Coup D’état ! The Lamps Are Going Out All Over Europe!”

Revelation 13:1 - Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,(b) and on his horns ten crowns, and on his heads a blasphemous name.