Flashback: Ex. British Military – The Illuminati Plans World War 3 in 18 – 24 Months! 2012?
Click here for MP4! Transcript here!
- The Satanic cabal which rule this world undoubtedly has a plan for World War 3. It appears 2012 is the year for it. (Video first broadcast Feb 2010.)
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Satanist Albert Pike and Three World Wars
“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
- - The real reason for this upcoming WW3 is spiritual. Satan and his fallen angels are losing the battle in heaven. They know that their final stand is earth!
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Revelation 12:7-12 (New King James Version)
Satan Thrown Out of Heaven
7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they did not prevail, nor was a place found for them[a] in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
10 Then I heard a loud voice saying in heaven, “Now salvation, and strength, and the kingdom of our God, and the power of His Christ have come, for the accuser of our brethren, who accused them before our God day and night, has been cast down. 11 And they overcame him by the blood of the Lamb and by the word of their testimony, and they did not love their lives to the death. 12 Therefore rejoice, O heavens, and you who dwell in them! Woe to the inhabitants of the earth and the sea! For the devil has come down to you, having great wrath, because he knows that he has a short time.”
- - In Revelation chapter 6, we have the vision of the 4 horsemen. The first horse is a white horse. On it is seated the false messiah, one who goes out conquering the world with a bow but without arrows. It is a picture of a peacemaker. This Anti-Christ will conquer the world via peace. This is also confirmed by the next horse, a fiery red horse (‘ …. to take peace from the earth..’) representing war. The white horseman implies peace otherwise the following fiery red horse representing war will not make any sense.
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Revelation 6:1-4 (New King James Version)
First Seal: The Conqueror
1 Now I saw when the Lamb opened one of the seals;[a] and I heard one of the four living creatures saying with a voice like thunder, “Come and see.” 2 And I looked, and behold, a white horse. He who sat on it had a bow; and a crown was given to him, and he went out conquering and to conquer.
Second Seal: Conflict on Earth
3 When He opened the second seal, I heard the second living creature saying, “Come and see.”[b] 4 Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that people should kill one another; and there was given to him a great sword.
- - Before the white horseman appears, it is quite clear that there will be a period of intense wars globally. Otherwise, the phrase: ‘he went out conquering and to conquer’ will not make alot of sense. We are entering this period of World War 3. This is nothing but the Hegelian dialectic, Order Out of Chaos crap! The Illuminati intend to trigger this massive war to drive the sheeple to their New World Order, One World Government, Global Fascist Police State. They will offer up their man of the hour: the Anti-Christ who will engineer the peace to follow. All these are scripted and planned by this Satanic cabal many decades in advance. Here it is:
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“The New World Order under the UN will reduce everything to one common denominator. The system will be made up of a single currency, single centrally financed government, single tax system, single language, single political system, single world court of justice, single state religion…Each person will have a registered number, without which he will not be allowed to buy or sell; and there will be one universal world church. Anyone who refuses to take part in the universal system will have no right to exist.”
Assessment of the New World by Dr. Kurk E. Koch
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“The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power.
Curtis Dall, FDR’s son-in-law as quoted in his book, My Exploited Father-in-Law
- - In this video, Bill Cassidy discusses what was revealed to him by an Ex British military man working in the financial centre of London. He attended a Masonic meeting by accident in the City of London in 2005. He was surprised when he learnt from the discussion by high level leaders in Britain about the plan for a World War 3. (The audio transcript is here.) The summary is as follows:
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• There is a planned Third World War, which will be nuclear and biological. Our source believes that this is on track to be initiated within the next 18-24 months.
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• It is planned to begin with a strike by Israel on Iran. Either Iran or China will be provoked into a nuclear response. After a brief nuclear exchange, there will be a ceasefire. The world will be thrown into fear and chaos – all carefully engineered.
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• The extreme state of tension will be used to justify heavy social and military controls in all western first world nations. Plans are already in place for that.
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• During the nuclear ceasefire, there is planned to be a covert release of biological weapons. These will initially be targeted against the Chinese. As our source chillingly told us, “China will catch a cold”. Biological warfare will spread further, to the west. Infrastructure will be critically weakened.
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• This is intended to be just the beginning. After this, a full nuclear exchange would be triggered: the “real” war, with widespread destruction and loss of life. Our source tells us that the planned population reduction through these combined means is 50%. He heard this figure stated in the meeting.
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This horrific scenario has been planned for generations. The first two world wars were part of the set-up for this final apocalypse – as is the centralization of financial resources that was precipitated with the equally well-planned financial collapse of October 2008.
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As if all this were not enough, our source speculates this is all set against the backdrop of a coming “geophysical event” – the same kind of event as was experienced by our ancestors approximately 11,500 years ago. If this event occurs – not necessarily expected in 2012, but sometime in the next decade – it would destroy civilization as we know it, dwarfing even the effects of a nuclear war.
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I asked the question to our source: If there’s an expected catastrophe, then why initiate a Third World War? His answer, for the first time to me, made terrible sense. The real goal, he explained, is to set up the post-catastrophic world. To ensure that this “New World” [note the term] is the one the controllers want, totalitarian control structures need to be in place when the catastrophe occurs – with an excuse that the populace will accept and demand them.
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Martial law in the right, carefully chosen countries before the catastrophe occurs will enable the “right” people to survive and prosper in the post-catastrophic world, and the beginning of the next 11,500 year cycle. What may have been carefully planned on a covert global scale, for the last several generations, is nothing less than who will inherit the Earth.
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Who are the “right” people? The white Caucasians. This may be why the name of this project is The Anglo-Saxon Mission. Hence the justification for the planned genocide of the Chinese people – so that the New World is inherited by “us”, not “them”.
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Our source was not informed about the planned fate of the second and third world countries such as those in South America, Africa and Asia. But he presumes that these would be allowed to fend for themselves and probably not survive well – or maybe not at all. The totalitarian military governments of the western, white, people are set to be the inheritors.
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This is a plan so evil, so racist, so diabolical, so huge, that it almost defies belief. But it all aligns with what many commentators, researchers and whistleblowing insiders have been identifying for some years now. For me personally, it’s the clearest picture yet of why the world is the way it is, and why the secrets are protected so fiercely: it may be all about racial supremacy. The Fourth Reich is alive and well.
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Astonishingly, our source was not pessimistic. He stressed, as do we and many other researchers and commentators, that consciousness is awakening rapidly all over the planet and that THESE PLANNED EVENTS ARE NOT INEVITABLE. If ever there was a reason to work closely together to raise awareness of the real threat to us all, this is it.
- - Revelation 6:15-17 New King James Version (NKJV)
15 And the kings of the earth, the great men, the rich men, the commanders,[a] the mighty men, every slave and every free man, hid themselves in the caves and in the rocks of the mountains, 16 and said to the mountains and rocks, “Fall on us and hide us from the face of Him who sits on the throne and from the wrath of the Lamb! 17 For the great day of His wrath has come, and who is able to stand?”
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Lindsey Williams: U.S. & NATO To Incite Iranian War by Sept/Oct of 2012 ! Beginning of World War 3 !
Deep Underground Military Bases (D.U.M.B.)
‘Doomsday’ seed vault opens in Norway
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Bob Chapman: The Rating Agencies Downgrades of Europe is Political !
- Bob Chapman - Radio liberty 16 January 2012 : the rating agencies downgrades of European countries is a political moves so that people won’t look at the US and the UK as the sources of problems ……says Bob Chapman
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War In The Air: Israel on Edge Over Iran!
- 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!!!!
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“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
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“… 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)
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“. . 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 Judaism is not the religion of the Bible! See here!
- 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!
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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)
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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.”
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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.
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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.
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The Bible specifically forbids the ill-treatment of people different from us ie: strangers. What Zionist ’666′ Israel does to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is in total violation of God’s law!
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Exodus 22:21
“You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
Exodus 23:9
“Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
Leviticus 19:33
‘And if a stranger dwells with you in your land, you shall not mistreat him.’
Leviticus 19:34
The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.
Leviticus 23:22
‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’
Leviticus 24:22
You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.
Ezekiel 47:22-23
22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.
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The so-called Star of David is a Satanic symbol. Satanists and occult practitioners use it for calling Satan and demons!
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Former Satanist, Bill Schnoebelen (now born again Christian)
“A hexagram must be present to call forth a demon” and ” it is a very powerful tool to invoke Satan”. – “To the sorcerer, the hexagram is a powerful tool to invoke Satan.” In fact, the word “hex” — as to put a “hex” or “curse” on people — comes from this word. – If you examine the so-called “Star of David,” or hexagram, closely, you will discover something astonishing. It has six points, forms six equilateral triangles, and in its interior forms a six sided hexagon — thus it reveals the number of Satan’ antichrist beast, — 6 points, 6 triangles, and the 6 sides of the hexagram — 666 !!!
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History of The “Six Million” Myth!
Bolshevik Jews Plotted The Ukrainian Holocaust!
The Jewish Genocide of 1.4+ Million Armenian Christians!
The Bolshevik Jews Behind The Deaths of 40+ Millions During The Communist Revolution!
YNET Israel News: Stalin’s Jews. We Mustn’t Forget That Some of Greatest Murderers of Modern Times Were Jewish!
Bolshevik Jews Plotted The Ukrainian Holocaust!
Mark Weber: The Jewish Role in the Bolshevik Revolution and Russia’s Early Soviet Regime! During Which 20+ Million Russians Died !
The Hidden History of Jewish Bolshevism & Freemasonry! How Masonic Wall Street Banksters Financed The Communist Revolution Which Killed Over 100 Million People!
Mark Weber: Wilhelm Höttl And The Elusive ‘Six Million’! Part 2 – How Many Jews Died?
Ashkenazi Khazars (90+% of modern Jewry) are not the Jews of the Bible! Benjamin Freedman: Ashkenazi Khazars Self Style “Jews” Are Not Semitic And Not The Biological Descendents of The 12 Tribes of Israel !
The 2002 Jenin Holocaust of Palestinians By Zionist ’666′ Israel !
Deir Yassin Remembered ! The 1948 Holocaust of Palestinians by Zionist ’666′ Israel !
Jewish Historian Ilan Pappe: History of Zionism – Genocide And Ethnic Cleansing of Palestine!
Jenin Massacre Jewish Historian Teddy Katz: 1948 Tantura Massacre of Palestinians! Genocide And Ethnic Cleansing!
Zionist ’666′ Israeli Apartheid and The Nakba!
Forget Deir Yassin: Its Victims Were “Unworthy”! The Holocaust of Palestinians by Zionist ’666′ Israel !
Holocaustianity: Zionism’s Big Lie! Texe Marrs: Conspiracy of The 6 Pointed Star! Repost: Holocaust, Hate Speech & Were the Germans so Stupid?
Jack Bernstein: The Life of an American Jew in Racist Marxist Israel !
Peace, Propaganda & The Promised Land ! US Media And The Israeli-Palestinian Conflict!
’666′ Star of David, Satanic Curse / Hex(agram) On Humanity! Occult Symbol. The Historical Truth About Auschwitz!
Jewish Estimate Sees Number of Holocaust Dead Drop To 2.8 Million!
Fred Leuchter: The End of The Auschwitz Gas Chambers Myth!
Fred A. Leuchter, Jr.: Inside the Auschwitz ‘Gas Chambers’!
The Rudolf Report: Expert Report on Chemical and Technical Aspects of the ‘Gas Chambers’ of Auschwitz!
Barbara Kulaszka: What is ‘Holocaust Denial’?
How Many Died At Auschwitz?
How the Illuminati Manipulates Jews!
Hitler Was A Rothschild Jew?!
Norman Finkelstein on Zionism And The Holocaust Industry!
Holocaust Denier Death, Mossad Linked. How Many Jews Died in the German Concentration Camps?
Gideon Levy: Ethnic Cleansing of Palestinians, Or, Democratic Israel At Work?!
Israel Admits It Covertly Canceled Residency Status of 140,000 Palestinians!
Flashback 1990: Holocaust Expert Rejects Charge That Nazis Made Soap From Jews!
“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” - from 4:22 onwards

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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Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?
- At the heart of the Illuminati’s power is their central banking cartel. It is their control over the printing of fiat currency which gives them enormous power. Any country which threatens their global monetary hegemony will be annihilated. Practically, all central banks are privately owned by Illuminists. The Satanic Rothschild bloodline controls them. The Satanic endgame is to have everybody microchipped with RFID ’666′ for their Global Fascist Militarized-Police State.
- - The Illuminist are going to destroy countries which do not have an Illuminist central bank ie. Iran, Myanmar and North Korea. (It appears Myanmar may have decided to bow to the Illuminists with the recent ‘friendship opening up to America!’)
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Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?
by George Washington, http://www.zerohedge.com/
The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism. See this, this and this. They are, in reality, about oil. And protecting Israel (and read the section entitled “Securing the Realm” here).
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But as AFP reports today, there is another major motivation for the expanding wars:
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The latest round of American sanctions are aimed at shutting down Iran’s central bank, a senior US official said Thursday, spelling out that intention directly for the first time.
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“We do need to close down the Central Bank of Iran (CBI),” the official told reporters on condition of anonymity, while adding that the United States is moving quickly to implement the sanctions, signed into law last month.
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Foreign central banks that deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to US ties with nations like Russia and China.
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“If a correspondent bank of a US bank wants to do business with us and they’re doing business with CBI or other designated Iranian banks… then they’re going to get in trouble with us,” the US official said.
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Why is the U.S. targeting Iran’s central bank? Well, multi-billionaire Hugo Salinas Price told King World News:
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What happened to Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.
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As I noted in August:
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Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change. Brown argues that Libya – like Iraq under Hussein – challenged the supremacy of the dollar and the Western banks:
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Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
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What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.
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The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that “[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.”
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According to a Russian article titled “Bombing of Libya – Punishment for Ghaddafi for His Attempt to Refuse US Dollar”, Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.
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And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:
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One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned … Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.
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… for more click here!
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ECB’s Chief Warns Situation Is ‘Very Grave’!
- Super Mario is a member of the Illuminist Trilateral Commission and Bilderberg group. Their objective is a One World Currency, Global Supra-National Central Bank and Luciferian World Government.
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ECB’s Chief Warns Situation Is ‘Very Grave’!
By BRIAN BLACKSTONE, http://online.wsj.com/
Mario Draghi, Before European Parliament, Says Nations Must Move on Both Growth and Austerity
FRANKFURT—European Central Bank President Mario Draghi delivered his sternest warning to date on Europe’s debt crisis, saying it could cripple financial markets and the economy unless effective actions are taken by governments. “We are in a very grave state of affairs and we must not shy away from this fact,” Mr. Draghi said in testimony to the European Parliament.
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Three months ago, Mr. Draghi’s predecessor, Jean-Claude Trichet, told the same group of lawmakers the crisis had reached “systemic dimensions.” Mr. Draghi on Monday said “the situation has worsened further” since then.
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Steps must be taken to restore economic growth and boost employment even as vulnerable governments reduce their budget deficits, Mr. Draghi said. Concerns over government-bond markets in some European countries, in addition to a worsening of economic growth prospects, “led to severe disturbances in the normal functioning of financial markets and, ultimately, the real economy,” Mr. Draghi said.
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The ECB has responded “decisively,” Mr. Draghi said, citing the bank’s decision last month to make three-year loans available to commercial banks and relax its collateral rules to expand access to the loans. Early results are “encouraging” that the measures helped to avert a major credit crunch, he said, reiterating comments made last week after the ECB’s monthly meeting.
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The ECB president delivered a more upbeat message when policy makers met Thursday, pointing to “tentative” evidence that the euro-zone economy was stabilizing. Since then, the euro bloc has been hit by a series of setbacks, including a mass downgrade of euro-zone credit ratings on Friday and a breakdown in Greek debt-restructuring talks.
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Mr. Draghi warned recent decisions by European governments to improve coordination of fiscal economic policies and move toward more fiscal union “are not enough” unless they are followed through.
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… for more click here!
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€$10 TRILLION Liquidity Injection Coming? Credit Suisse Hunkers Down Ahead Of The European Endgame!
- We are rapidly approaching the endgame: global financial, economic and monetary collapse leading to World War 3!
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$10 TRILLION Liquidity Injection Coming? Credit Suisse Hunkers Down Ahead Of The European Endgame!
by Tyler Durden, http://www.zerohedge.com/
When yesterday we presented the view from CLSA’s Chris Wood that the February 29 LTRO could be €1 Trillion (compared to under €500 billion for the December 21 iteration), we snickered, … However, after reading the report by Credit Suisse’s William Porter, we no longer assign a trivial probability to some ridiculous amount hitting the headlines early in the morning on February 29. Why? Because from this moment on, the market will no longer be preoccupied with a €1 trillion LTRO number as the potential headline, one which in itself would be sufficient to send the Euro tumbling, the USD surging, and provoking an immediate in kind response from the Fed. Instead, the new ‘possible’ number is just a “little” higher, which intuitively would make sense. After all both S&P and now Fitch expect Greece to default on March 20 (just to have the event somewhat “priced in”). Which means that in an attempt to front-run the unprecedented liquidity scramble that will certainly result as nobody has any idea what would happen should Greece default in an orderly fashion, let alone disorderly, the only buffer is having cash. Lots of it. A shock and awe liquidity firewall that will leave everyone stunned. How much. According to Credit Suisse the new LTRO number could be up to a gargantuan, and unprecedented, €10 TRILLION!
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Here is how the strawman is now put in place for what may the biggest liquidity injection in modern history in just under two months.
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February’s second 3-year LTRO looks set to be extremely large. Really extravagant claims (we have heard reports of €10 tn) are probably wide of the mark because this will not be a complete collateral free-for-all (unless NCBs choose to make it so, which for some of them is admittedly an open question; again, see rational player section below). But the idea of path-finder lightning springs to mind (High-speed cameras reveal that lightning evolves “bang BANG”, essentially); the last LTRO has removed any stigma, making managements who do not exploit the value on offer arguably careless at best. This is, on the face of it, very cheap protection indeed against any possibility of a liquidity crisis for three years.
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… for more click here!
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Fitch: Greece Is Insolvent, Will Default on Its Debt ! By 20 March 2012?
- A Greek default is not large enough to topple the Eurozone. But it may the trigger that sets off default by Italy and the rest of the PIIGS.
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Greece Is Insolvent, Will Default on Its Debt, Fitch Says!
By Adam Ewing and Marcus Bensasson, http://www.businessweek.com/
Jan. 17 (Bloomberg) — Greece is insolvent and probably won’t be able to honor a bond payment in March as the country negotiates with creditors to cut its debt burden, Fitch Ratings Managing Director Edward Parker said.
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The euro area’s most indebted country is unlikely to be able to honor a March 20 bond payment of 14.5 billion euros ($18 billion), Parker said today in an interview in Stockholm. Efforts to arrange a private sector deal on how to handle Greece’s obligations would constitute a default, he said.
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Prime Minister Lucas Papademos is scheduled to meet tomorrow with a group representing private bondholders after a five-day break to hold talks on forgiving at least 50 percent of the nation’s debt in the euro area’s first sovereign restructuring. Greece’s official creditors begin talks Jan. 20 on spending curbs and budget cuts that will determine whether to disburse additional aid.
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“The so-called private sector involvement, for us, would count as a default, it clearly is a default in our book,” Parker said. “So it won’t be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively soon.”
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‘Restricted Default’
Fitch in July downgraded Greece to CCC, seven levels below investment grade. The rating company in July also said Greece will be considered a “restricted default” after a European bailout plan was unveiled that included getting bondholders to assume part of the cost.
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… for more click here!
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Von Greyerz: Silver Shortages & Gold To Accelerate Higher!
- The silver rocket blast off will not be put off indefinitely. I still see US$100/oz silver! It is a matter of when.
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Von Greyerz – Silver Shortages & Gold to Accelerate Higher!
by www.kingworldnews.com
… von Greyerz said: “… This just confirms we are very near a massive package of QE here because if they don’t do it there won’t be any banking system left here in Europe. Because of that I’m seeing big buyers coming into gold and even bigger buyers becoming very interested.
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Gold will play a role in the future when they realize the paper money is worthless …. There are shortages of silver. It’s more difficult to get hold of silver. We can see the intervention (manipulation), every day, in the silver market. … I can see silver exploding in the next few months. It should double in price in the next three to six months.”
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… click here for the full article!
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London Trader: Staggering Gold Demand Creating Shortages!
- The artificially depressed prices on the Crimex is a gift. The bullion banksters can manipulate the prices lower but not for long. The smart money all over the world are taking physical delivery! The world is heading for a global monetary meltdown!
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London Trader – Staggering Gold Demand Creating Shortages!
by www.kingworldnews.com
… The source stated, “We’ve still got a very, very compressed spring because the shorts are still trying to defend their positions, their naked short positions in both the gold and silver markets. As an example, in the silver market, you saw that type of activity in the silver ETF (SLV). Shorts borrowed another 3 million ounces to cover immediate delivery concerns. There are 25 million ounces now borrowed from SLV. It is getting worse and worse for them.”
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The demand for euro gold here in London is so intense it’s shocking to some of the players. This is what has left some market participants in the US wondering why the price of gold has risen along with the dollar. It’s because demand in the eurozone is unimaginably strong. The euro physical gold demand is off the charts and it is creating shortages for metal, in size, here in London.
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… for the full article click here!
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