Socio-Economics History Blog

Socio-Economics & History Commentary

Chris Whalen: We Have Panic Right Now & Flight Into Gold !

Click on image for the full article!

  • Fiat currencies are a CONfidence Job backed by nothing. Gold is real money for 5000+ years!
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    Chris Whalen – We Have Panic Right Now & Flight Into Gold ! 
    by www.kingworldnews.com
    With gold and silver on the move, and growing concerns about the health of the banking system on both sides of the Atlantic, today King World News interviewed Chris Whalen, from Tangent Capital.  When asked about the record demand for gold and panic in Europe, Whalen stated, “Well they should be.  We have paralysis, in terms of fiscal policies, as you know.  Most of the EU governments are still not willing or able to engage on the more fundamental issue of money or budgetary constraints within the member countries.  So, by definition, you raise the issue is this currency any good?  Are we going to be using this currency a year from now?”
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    “So Europeans, who have the wherewithal, of course they are going to flee to gold.  They are going to flee anywhere where they believe they can preserve principal.  I hear the same concerns from US investors by the way.  So if you are looking for havens, where can you go?  You can go into physical gold and take delivery.
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    … for the full article click here!

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January 19, 2012 Posted by | Economics | , , , , , | Comments Off

The 7 Stages of Banker’s Grief: Europe on The Brink of Psychosis as Obama Plays with His Dolls!

January 19, 2012 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off

Eurocrisis is a Global Crisis!

January 19, 2012 Posted by | Economics | , , , , , , , | Comments Off

Mainstream Science Now Says: Vaccines Are Not Safe!

January 19, 2012 Posted by | Medicine & Health | | Comments Off

Alex Jones: 9/11 Hijackers Were Protected by Mossad !

January 19, 2012 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , | Comments Off

Zionist Israel Abusing East Jerusalem’s Palestinian Children!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

“ … 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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January 19, 2012 Posted by | GeoPolitics | , , , , , , | Comments Off

China Brings US Treasury Holdings To One Year Low, Russia Cuts Treasury Exposure By 50% In One Year!

China US Treasury holdings.

  • The action speaks volume. US treasuries are in no way safe. Eventually, when the USD is devalued against gold, holders will lose massively. Got physical gold yet?
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    China Brings US Treasury Holdings To One Year Low, Russia Cuts Treasury Exposure By 50% In One Year! 
    by Tyler Durden, http://www.zerohedge.com/
    Today’s TIC data confirmed what Zero Hedge readers have now known for quite some time: namely that foreigners are selling US paper. And while we have used contemporaneous Custody Account data from the Fed to present that in the past 7 weeks foreigners have sold a record amount of bonds, we now get confirmation via TIC that in November the selling continued, especially at the biggest non-Fed holder of US paper, China, which saw its holdings down to $1,132.6 billion, the lowest in the past year. Yet where the selling is just relentless is in Russia, which has quite demonstratively slashed its US Treasury holdings in half in the past year from $176 billion to under $80 billion. Putin is not happy, and is not afraid to show it.

Russia US treasury holdings.

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January 19, 2012 Posted by | Economics | , , , | Comments Off

Iran Threatens To Torpedo US Aircraft Carriers!

  • The plot continues … The Illuminati’s philosophy is to own/control all sides in a conflict. They financed/founded: Zionism, Communism, Capitalism … At the top echelon, the rulers of this world are Satanists. They follow a script, a Satanic plan. I have no doubts that Satanists are in control also in Iran. The lower level sheeple do not understand what is going on. The real war is waged by the seed of the serpent, the Illuminati and their minions against all humanity. All wars are based on deception. This coming world war is really about the mass culling of the sheeple and laying the foundation for the coming Luciferian New World Order and their leader the Anti-Christ. Do not be deceived.

  • Iran Threatens To Torpedo US Aircraft Carriers 
    by Paul Joseph Watson, www.Infowars.com 
    Three US warships stationed in waters near Strait of Hormuz
    A senior Iranian military commander has warned that Iran has the capability to sink US aircraft carriers in the Persian Gulf using detection-evading submarines that can fire torpedoes.
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    Lieutenant Commander of the Iranian Army’s Self-Sufficiency Jihad Rear Admiral Farhad Amiri, “Stated that Iran’s submarines are able to ambush and hit enemy vessels specially US Aircraft carriers from the seabed throughout the Persian Gulf,” reports the Fars News Agency.
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    Amiri said that while the United States was focused on Iran’s surface capabilities, the greater threat was posed by its fleet of submarines which, “Are noiseless and can easily evade detection as they are equipped with the sonar-evading technology and can fire missiles and torpedoes simultaneously.” Amiri added that the submarines could “easily target and hit an aircraft carrier traversing in the nearby regions.”
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    After the US sailed the USS John C. Stennis aircraft carrier through the Strait of Hormuz in the midst of Iranian wargames, Iranian Army Commander Major General Ataollah Salehi warned America to keep its warships out of the region. The US has made it clear that should Iran try to block the Strait of Hormuz, a key oil choke point, a “red line” will have been crossed.
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    Three US aircraft carriers are now stationed just outside Iranian waters, in addition to 15,000 troops that were sent to Kuwait at the end of last week. A massive joint naval drill between the US and Israel that was set to coincide with Iranian wargames later this month was postponed earlier this week, with explanations varying as to why the exercise was called off.
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    Russia, which has its own warships stationed in the region, today reiterated its opposition to a military strike on Iran, with foreign minister Sergei Lavrov warning an attack would be a “catastrophe” for relations between Sunni and Shiite Muslims in the Middle East. Meanwhile, Israeli Defense Minister Ehud Barak has stated that Israel is still “very far off” a decision on whether not not to attack Iran over its nuclear program.

Obama the Illuminist, 32nd degree Freemason flashing the devil's horn symbol ?

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January 19, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off

World Bank Fears Europe’s Crisis Could Set Off Deeper Global Slump Than Lehman Collapse!

  • The World Bank, IMF, FedRes, ECB, BIS … are privately owned, Illuminist central banks. Almost all central banks in the world are Illuminist owned, by the seed of the serpent, 13 Satanic bloodlines. In their own twisted ways, they are warning you to prepare for the collapse of Europe. The plan is: global economic, monetary and financial collapse leading to World War 3. They want to engineer a global catastrophe, to destroy the current world order, to cause massive chaos, violence, death, poverty, diseases, wars … to engineer abject hopelessness such that the sheeple will give up their rights and will look for a savior to save them. Their man of the hour, ‘the one who is come’, the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 is waiting in the wings, ready to be revealed!
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    World Bank fears Europe’s crisis could set off deeper global slump than Lehman collapse! 
    By , http://www.telegraph.co.uk/
    The World Bank has slashed its global growth forecast and told developing   nations to prepare for the worst, warning that Europe’s debt crisis could   trigger an even deeper slump than the post-Lehman collapse three years ago.
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    “The global economy has entered a dangerous phase. The financial system of the   largest economic bloc in the world is threatened by a fiscal and financial   crisis that has so far eluded policy-makers’ efforts to contain it,” said   the bank in its Global Economic Perspectives.
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    “The possibility of further escalation of the crisis in Europe cannot be ruled   out. Should this happen, the ensuing global downturn is likely to be deeper   and longer-lasting than the recession of 2008/2009 because countries do not   have the fiscal and monetary space to stimulate the global economy. Activity   is unlikely to bounce back as quickly.”
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    “An escalation of the crisis would spare no one,” said Andrew Burns, the key   author. “Developing countries should hope for the best and plan for the   worst. If these downside risks materialised there is not much developing   countries can do to prevent it. But they can prepare for it.”
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    The report said rich countries had used up their fiscal and monetary shock   absorbers after the Lehman crisis. While some poorer states still have the   means to cushion the blow, many have already pushed fiscal deficits and   credit growth to the limits of safety.
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    “Developing countries would have much less fiscal space than in 2008 with   which to react to a global slowdown. As a result, if financial conditions   deteriorate, many of these countries could be forced to cut spending   pro-cyclically, thereby exacerbating the cycle.”
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    The bank said there is a risk that turmoil in Europe could interact with the   delayed effects of monetary tightening in Asia and Latin America,   reinforcing each other in a “downward overshooting of activity”.
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    The bank cut its global forecast from 3.4pc to 2.5pc for 2012, warning that   the eurozone has already fallen into recession and is likely to contract by   0.3pc this year. “The possibility of much worse outcomes are real,” it said.   If Europe’s financial system to seizes up, this could lop a further 4pc off   global GDP.
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    … for more click here!

Satanic doctrine teaches that, ultimately, the New World Order can be established in society only after a time of planned, great world turbulence and chaotic disorder. It is this very concept- “order out of chaos”- which is at the foundation of all Masonic doctrine. Significantly, Masonic initiates elevated to the 33 degree are given a “jewel” to wear proudly. This jewel is decorated with the sign of three, interlocked triangles, representing both the unholy trinity and the number 666. The jewel is also inscribed with the Latin inscription “Ordo Ab Chao,” interpreted as “Order Out of Chaos.”

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January 19, 2012 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Comments Off

The Euro is Pushing Italy into Depression!

Italy is being pushed into depression by monetary union

  • The Euro is the cause of the crisis in the Eurozone. In a situation where Italy is using their own national currency, the lira, the markets will allow the lira to depreciate to reflect their economic and budget deficit situation. But the Euro is preventing that from happening. It is pricing the Italians out of competitiveness and causing a prolonged depression. Of course, the Illuminists want to sell themselves (and their solution) as saviors. This is propaganda BS.
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    The euro is pushing Italy into depression! 
    By , http://www.telegraph.co.uk/ 
    Here is the latest money supply chart from the Banca d’Italia. Just look at M3. Horrendous. See page 7 of this report. This speaks for itself. There is no clearer indictment of the dysfunctional nature of monetary union. Italy is being pushed into depression. Criminal.
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    Obviously, Italy and Germany can no longer share the same monetary policy. Ergo, Germany should leave EMU, pronto. The Banca said Italy’s economy contracted by 0.5pc in the last quarter of 2011. It will shrink by a further 1.5pc this year, with no growth in 2013.
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    This is a direct result of the misguided pro-cyclical austerity polices imposed by Angela Merkel and the ECB – the infamous Trichet letter – without offsetting monetary and exchange stimulus. This will of course play havoc with Italy’s debt trajectory.

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January 19, 2012 Posted by | Economics | , , , , , , , | Comments Off

People’s Bank of China Opens Direct Currency Swaps With Dubai And The UAE !

  • China is preparing for the day when they will abandon the dollar. They know the USD is heading towards toilet paper status. This is the reason they are making many direct central bank to central bank currency swap arrangements bypassing the USD. As more and more countries do so, demand for the USD as international currency of trade settlement will drop. The USD will collapse!
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  • The Illuminists know it is inevitable. They are fighting a rear guard action against all challengers to their world reserve currency, the USD. This is the main reason they attack gold (and silver) constantly. They fear a flight out of USD straight into gold will mean an irretrievable loss of their global monetary hegemony ie. Gold will become world currency. When they are ready they will attack all currencies via inflation -> hyperinflation ie. global currency debasement. Thereafter, they will release their One World Currency backed by gold. It is a systematic plan. (Note: I do not believe the Anglo-American-Zionist west will allow China to challenge their monetary hegemony with the CNY. War is brewing over this!)
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    People’s Bank of China Opens Direct Currency Swaps with Dubai and the UAE 
    by http://jessescrossroadscafe.blogspot.com/
    This is not a particularly large deal, but it is another sign of the continuing erosion of the ad hoc Bretton Woods II currency regime and a growing disorder in global banking. Change is not just coming, it’s here.
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    The usual US public reponse is dismissive: ‘where else will they put their money?’ But behind the scenes the US is working very hard on this, often in conjunction with the Banks of England and at times Japan, to move to an alternative in the SDR based on a composition favorable to the dollar and the pound and the yen.  Europe is being held off balance by the ratings agencies, suffering from a crisis in leadership and coherent policy. Germany is being urged to accept a ‘separate peace’ and assume a more powerful and controlling role on the Continent.
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    A significant area of contention is the petro-dollar, hence the heavy and continuing US military presence in the region. But don’t count out China, Russia, India and South America. Never play checkers when the other guys are playing chess (or Go).
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    Press Release People’s Bank of China
    January 17, 2012 – People’s Bank of China, Dubai and the UAE Central Bank have signed bilateral currency swap agreements, aimed at strengthening bilateral financial cooperation and promote bilateral trade and investment and jointly safeguard regional financial stability. The 35 billion yuan swap / 200 million dirhams, is valid for three years and may be extended by mutual agreement.

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January 19, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Comments Off

Central Banks Huge Gold Buyers in 2011 !

Remember the Golden Rule: He who has the gold makes the rules!

  • Why are central banks buying gold? What are they getting rid of? They are selling their USD for gold. They understand that currency debasement is the trend worldwide. The snakes in the District of Criminals (DC) will keep on inflating the US national debt while pretending the expenditures are for the sheeple. The spending are for the military industrial complex (MIC), for more wars and for bailing out Illuminist banks. They want to destroy the USD via inflation.
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    Central banks huge gold buyers in 2011 
    by http://www.goldmoney.com/ 
    Gold had a solid day yesterday, closing the Comex pit session above important resistance at $1,650 per ounce. Silver for March delivery also finished above $30 per ounce. At the currency markets the US dollar weakened slightly, with the Dollar Index losing 0.36% to close at 81.18. This helped solidify recent gains in crude oil prices, with WTI crude now back above $101 a barrel.
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    With negotiations still on-going between the Greek government and its private creditors and the situation in Hungary looking increasingly fraught, the World Bank has warned that developing nations should prepare for a slump in economic activity comparable to the 2008/09 downturn. Though the Bank’s chief economist Justin Lin stated that Europe’s sovereign debt crisis was “contained”, he stated that “the risk of a global freezing-up of the markets and as well as a global crisis similar to what happened in September 2008 are real.” The ratings agency Fitch has now stated that it expects a default from Greece in March.
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    Meanwhile, the precious metals consultancy group GFMS reported yesterday that net central bank purchases of gold reached 430 tonnes last year – a more than five-fold increase on the previous year and the highest level since 1964. As reported by Dow Jones Newswires, in 2010, net demand from these institutions stood at just 77 tonnes. GFMS expects central bank buying to remain at an elevated level, with demand of around 190 tonnes in the first half of 2012 – a slight reduction on the 205 tonnes bought in the first half of last year.
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    GFMS notes “notably higher enthusiasm” from emerging market central banks for gold. Mexico was the largest official purchaser last year – buying 100 tonnes of the yellow stuff. Other notable official buyers include Turkey, Russia, South Korea, and Thailand. China is also acquiring gold at a rapid pace (around 350 tonnes a year), but its acquisitions are from mines in China rather than from open market purchases.
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    Cynics might argue that, given central banks’ generally-poor track records when it comes to economic forecasts and timing gold sales and purchases, that this burst of enthusiasm from these institutions might stand as a decent contrarian indicator that the best days of this latest gold bull market are behind us. This ignores the fact that – with the exception of South Korea – central banks in the developed world remain entirely absent from the buyers’ club. It was primarily developed-world central banks in countries such as Switzerland, Australia, Canada, the UK, France and Spain who were responsible for the bulk of official gold selling in the 1990s at prices below $400 per ounce.
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    The topic of central bank gold buying and selling deserves far greater examination in another article; as a parting note, another way of looking at this question is to ask: what could prompt central banks to sell gold? What alternative, high-liquidity asset could they own that would be a better long-term store of value than gold? US dollars? Euros?

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January 19, 2012 Posted by | Economics | , , , , , | 1 Comment

CrossTalk: Taunting Tehran!

January 19, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off

SOPA Turns Anyone Who Runs a Site into Policeman!

January 19, 2012 Posted by | Social Trends | , , , | Comments Off

Congress Corrupt To Core – US Lobby Probe Scapegoat !

January 19, 2012 Posted by | Economics | , , | Comments Off

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