UK £1 Trillion Debt Hinders Economic Recovery!

Storm Brings Snow To Sahara Desert ! Snow Falling in South Island, New Zealand During Summer!

• Global warming! Global warming!! Believe! Believe! Believe! Trust me, I am the world government GMan! I am Al “Farting CO2″ GoreMan ! Man made global warming is here! Better walk around in your underwear to keep cool !
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  Storm Brings Snow To Sahara Desert ! 
  by http://www.9news.com/
  BECHAR, Algeria – Snow fell Tuesday in the Sahara Desert in western Algeria.
  A 24-hour cold spell brought snow and rain to the region. Strong wind blew the snow across roads and buildings in the province of Bechar. Meteorologists predicted a return of good weather Wednesday. People who live in the region said the snow was good for the palm trees because it killed parasites. Bechar is located in the northern Sahara, about 36 miles south of the Moroccan border.
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  Snow falling in South Island 
  by http://www.nzherald.co.nz/ 
  Mid-Summer snow is falling and settling on Porters Pass this afternoon in the South Island, along with hail and other winter conditions on Arthurs Pass reports WeatherWatch.co.nz. WeatherWatch.co.nz’s West Coast reporter, Andy Thompson, says traffic is heavier than usual and describes the current weather conditions as “completely winter-like”. Reports coming in from Southland to Canterbury talk of people lighting fires, turning on heaters and heat pumps and generally saying it feels like the middle of winter.

Source: http://www.nzherald.co.nz/

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The Buck Stops With The US President, But It Starts With The Federal Reserve!

US And EU Joining Forces To Seize Iran’s Oil?

• Leon Panetta: Iran not building bombs yet ! (emphasis mine)
  by http://www.usatoday.com/ WASHINGTON (AP)
  Defense Secretary Leon Panetta says Iran is laying the groundwork for making nuclear weapons someday, but is not yet building a bomb and called for continued diplomatic and economic pressure to persuade Tehran not to take that step. – As he has previously, Panetta cautioned against a unilateral strike by Israel against Iran’s nuclear facilities, saying the action could trigger Iranian retaliation against U.S. forces in the region.
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  “We have common cause here” with Israel, he said. “And the better approach is for us to work together.”
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  Panetta’s remarks on CBS’ Face the Nation, which were taped Friday and aired Sunday, reflect the long-held view of the Obama administration that Iran is not yet committed to building a nuclear arsenal, only to creating the industrial and scientific capacity to allow one if its leaders to decide to take that final step.
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  The comments suggest the White House‘s assessment of Iran’s nuclear strategy has not changed in recent months, despite warnings from advocates of military action that time is running out to prevent Tehran from becoming a nuclear-armed state. Iran says its nuclear program is only for energy and medical research, and refuses to halt uranium enrichment.
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• See also:
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  Former IDF Chief Dan Halutz: Iran Does Not Pose an Existential Threat !
  Mossad Chief: Nuclear Iran Not an Existential Threat !

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Will Financial Elite Determine The Future in Davos?

Libya on The Verge of Civil War Again!

The Demise of The Petrodollar! Tehran Pushes To Ditch The US Dollar!

• The actions taken by many countries to ditch the USD in international trade settlement and Iran oil trade, is a very significant event. The MSM is not reporting or under reporting it. This marks the beginning of the end of the petrodollar hegemony and the collapse of the USD as world reserve currency. Hyperinflation and world war is dead ahead !
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  The Demise of the Petrodollar! Tehran Pushes to Ditch the US Dollar! 
  by Marin Katusa, http://www.caseyresearch.com/ 
  Rumors are swirling that India and Iran are at the negotiating table right now, hammering out a deal to trade oil for gold. Why does that matter, you ask? Only because it strikes at the heart of both the value of the US dollar and today’s high-tension standoff with Iran.
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  The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon. The punishment: sanctions on Iran’s oil exports, which are meant to isolate Iran and depress the value of its currency to such a point that the country crumbles.
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  But that line doesn’t make sense, and the sanctions will not achieve their goals. Iran is far from isolated and its friends – like India – will stand by the oil-producing nation until the US either backs down or acknowledges the real matter at hand. That matter is the American dollar and its role as the global reserve currency.
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  The short version of the story is that a 1970s deal cemented the US dollar as the only currency to buy and sell crude oil, and from that monopoly on the all-important oil trade the US dollar slowly but surely became the reserve currency for global trades in most commodities and goods. Massive demand for US dollars ensued, pushing the dollar’s value up, up, and away. In addition, countries stored their excess US dollars savings in US Treasuries, giving the US government a vast pool of credit from which to draw.
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  We know where that situation led – to a US government suffocating in debt while its citizens face stubbornly high unemployment (due in part to the high value of the dollar); a failed real estate market; record personal-debt burdens; a bloated banking system; and a teetering economy. That is not the picture of a world superpower worthy of the privileges gained from having its currency back global trade. Other countries are starting to see that and are slowly but surely moving away from US dollars in their transactions, starting with oil.
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  If the US dollar loses its position as the global reserve currency, the consequences for America are dire. A major portion of the dollar’s valuation stems from its lock on the oil industry – if that monopoly fades, so too will the value of the dollar. Such a major transition in global fiat currency relationships will bode well for some currencies and not so well for others, and the outcomes will be challenging to predict. But there is one outcome that we foresee with certainty: Gold will rise. Uncertainty around paper money always bodes well for gold, and these are uncertain days indeed.
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  The Petrodollar System
  To explain this situation properly, we have to start in 1973. That’s when President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In exchange, Nixon pledged to protect Saudi Arabian oil fields from the Soviet Union and other interested nations, such as Iran and Iraq. It was the start of something great for the US, even if the outcome was as artificial as the US real-estate bubble and yet constitutes the foundation for the valuation of the US dollar.
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  By 1975 all of the members of OPEC agreed to sell their oil only in US dollars. Every oil-importing nation in the world started saving their surplus in US dollars so as to be able to buy oil; with such high demand for dollars the currency strengthened. On top of that, many oil-exporting nations like Saudi Arabia spent their US dollar surpluses on Treasury securities, providing a new, deep pool of lenders to support US government spending.
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  The “petrodollar” system was a brilliant political and economic move. It forced the world’s oil money to flow through the US Federal Reserve, creating ever-growing international demand for both US dollars and US debt, while essentially letting the US pretty much own the world’s oil for free, since oil’s value is denominated in a currency that America controls and prints. The petrodollar system spread beyond oil: the majority of international trade is done in US dollars. That means that from Russia to China, Brazil to South Korea, every country aims to maximize the US-dollar surplus garnered from its export trade to buy oil.
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  The US has reaped many rewards. As oil usage increased in the 1980s, demand for the US dollar rose with it, lifting the US economy to new heights. But even without economic success at home the US dollar would have soared, because the petrodollar system created consistent international demand for US dollars, which in turn gained in value. A strong US dollar allowed Americans to buy imported goods at a massive discount – the petrodollar system essentially creating a subsidy for US consumers at the expense of the rest of the world. Here, finally, the US hit on a downside: The availability of cheap imports hit the US manufacturing industry hard, and the disappearance of manufacturing jobs remains one of the biggest challenges in resurrecting the US economy today.
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  There is another downside, a potential threat now lurking in the shadows. The value of the US dollar is determined in large part by the fact that oil is sold in US dollars. If that trade shifts to a different currency, countries around the world won’t need all their US money. The resulting sell-off of US dollars would weaken the currency dramatically.
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  So here’s an interesting thought experiment. Everybody says the US goes to war to protect its oil supplies, but doesn’t it really go to war to ensure the continuation of the petrodollar system?
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  … for more click here!

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FedRes Signals Near-Zero Rates At Least Through Late 2014 !

• The action on interest rates implies inflation and thus currency debasement. Gold and silver have rocketed since the announcement!
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  Fed Signals Near-Zero Rates At Least Through Late 2014 
  By Luca Di Leo and Tom Barkley of DOW JONES NEWSWIRES
  WASHINGTON -(Dow Jones)- Federal Reserve officials Wednesday said they expect short-term interest rates to stay close to zero “at least through late 2014,” even longer than previously indicated, a move that could aid the U.S. economy’s slow path to recovery.
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  Ahead of the rollout of their new communication strategy, officials projected that rates could stay at a record low for another three years as unemployment comes down only slowly and inflation moderates. Since August, the Fed had been saying that its lending rate would remain close to zero “at least through mid- 2013.”
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  The central bank will release more details about where the 17 officials in the Fed’s decision-making body see rates over the next few years at 2:00 pm ET, part of a push to improve the agency’s communications. A few minutes later, Fed Chairman Ben Bernanke may provide further guidance on the central bank’s steps during a news conference.
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  By releasing its rate projections the Fed has two goals in mind. Reducing the public’s uncertainty about the central bank’s strategy could make it more effective in managing the economy. The Fed may even be able to drive longer-term rates lower, revving up the recovery by spurring investment and spending, if its projections for short-term rates see them staying at a record low for longer than people think.
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  In the statement following their two-day meeting, Fed officials noted some slight improvements in the economy and jobs, but warned that the recovery remains too slow and is marked by significant risks.
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  “While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated,” officials said. “Strains in global financial markets continue to pose significant downside risks to the economic outlook.”
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  The jobless rate edged down to 8.5% in December, the lowest level in almost three years, and the number of people filing for unemployment benefits has declined sharply recently. However, unemployment still remains high, holding back consumer spending and the broader economy.
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  Fed officials are concerned the economy could be hit by higher taxes and continued government layoffs next year, as well as repercussions from Europe’s debt crisis. With inflation expected to come down in 2012, most don’t see the need to raise rates until late 2014.
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  … for more click here!

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Hanke: Greek Economy on Track To Implode!

• No secret, no surprise here! Will this collapse the Eurozone? Hard to say. We will find out soon!
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  Greek Economy on Track to Implode: Hanke! 
  By Austen Sherman and Sara Eisen, http://www.bloomberg.com/ 
  Whether or not Greece is able to reach an agreement on the restructuring of its debt, the country is set to “implode” as the economy contracts, according to Johns Hopkins University’s Steve Hanke.
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  “The game is completely over,” Hanke, professor of applied economics, said at the Bloomberg Sovereign Debt Crisis Conference in New York hosted by Bloomberg Link. “All the calculations are nonsense and have been since day one. Since the crisis began the money supply has been shrinking and the economy is going to implode, no matter what they do in the short run.”
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  Money supply is shrinking at an annual rate of about 16 percent in Greece, meaning there won’t be growth needed to support debt payments, Hanke said. Greece is pursuing talks on a debt swap with private creditors that would lower Greece’s debt to 120 percent of gross domestic product by 2020. European governments have sought to fill a deeper-than-expected gap in Greece’s finances by having investors accept a lower interest rate on exchanged bonds.
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  The International Monetary Fund cut its forecast for global growth today and warned that the European debt crisis threatens to derail the world economy. The fund, in an update of its World Economic Outlook report, lowered its estimate for global growth this year to 3.3 percent from a September forecast of 4 percent.
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  Regional Bailouts
  To avoid a 1930s-style worldwide depression, IMF Fund Managing Director Christine Lagarde yesterday called on other countries to play their part. The IMF, which co-finances loans to Greece, Ireland and Portugal, identified a potential global financing need of $1 trillion in coming years and is seeking $500 billion in new lending resources from its member countries to address potential loan demand.
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  … for more click here!

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Germany Backs ECB in Rejecting Lagarde’s Call to Take Losses on Greek Debt !

• Apparently, the private sector, Greek pension funds and everybody else must take a loss on Greek sovereign debts. A haircut of around 60-70%, the latest estimate. But the Illuminist ECB cannot, must not take a loss on it. You also have Illuminist politician puppets enabling these Illuminist banksters. The Illuminist MSM is once again promoting the interest of Illuminist banksters. It is all a SCAM. The Greek sheeple are being financially rape by Illuminists scum! You don’t think so? See here:
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  Greeks furious at ‘intact’ arms spending as eurozone leaders insist on cuts to their public services! 
  France to Greece: You are Broke? Why Don’t You Buy More Weapons! 
  -
  Germany Backs ECB in Rejecting Lagarde’s Call to Take Losses on Greek Debt! 
  By Jeff Black and Brian Parkin, http://www.bloomberg.com/
  A senior member of Chancellor Angela Merkel’s government rejected suggestions that the European Central Bank take losses on its Greek debt holdings, backing the ECB in a dispute with the International Monetary Fund.
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  “I can’t imagine that European politicians would allow third parties to make such an indecent claim on our central bank,” Michael Meister, the deputy floor leader for Merkel’s Christian Democrats and the party’s ranking finance spokesman, said today in an interview. “That contradicts our philosophy.”
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  While the ECB faces pressure to join private-sector investors in accepting losses on Greek debt, the central bank sees any participation as risking damaging confidence in the institution, two people familiar with the Governing Council’s stance said. The debt was acquired for monetary policy purposes and the ECB is firmly opposed to any restructuring, they said on condition of anonymity because the matter is confidential.
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  Christine Lagarde, a former French finance minister who is the IMF’s managing director, told reporters in Paris today that European governments and other public holders of Greek debt may have to increase support if private creditors don’t go far enough. Talks on a Greek debt swap that must be resolved to free up more aid for the debt-wracked nation have yet to be concluded.
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  “The risk is that by putting the ECB on board, as the IMF asks, this could result in debt-swap negotiations restarting from scratch, which could mean additional delay to an already over-stretched timetable,” said Thomas Costerg, an economist at Standard Chartered Bank in London.
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  … for more click here!

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USS Liberty Memorial: 8 June 1967 Zionist Israeli Massacre of 34 Americans and 171 Wounded !

• Zionist ’666′ Israel is not America’s friend. It is in fact America’s greatest enemy! It is a master of false flag attacks to manipulate America into fighting unnecessary wars. As for those American snakes that lick the boots of the Zionists and covered up the whole affair, they need to be prosecuted.
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  On June 8, 1967, US Navy intelligence ship USS Liberty was suddenly and brutally attacked on the high seas in international waters by the air and naval forces of Israel. The Israeli forces attacked with full knowledge that this was an American ship and lied about it. Survivors have been forbidden for 40 years to tell their story under oath to the American public. The USS Liberty Memorial web site tells their story and is dedicated to the memory of the 34 brave men who died.
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  The Attack
  After surveilling USS Liberty for more than nine hours with almost hourly aircraft overflights and radar tracking, the air and naval forces of Israel attacked our ship in international waters without warning. USS Liberty was identified as a US naval ship by Israeli reconnaissance aircraft nine hours before the attack and continuously tracked by Israeli radar and aircraft thereafter. Sailing in international waters at less than five knots, with no offensive armament, our ship was not a military threat to anyone.
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  The Israeli forces attacked without warning and without attempting to contact us. Thirty four Americans were killed in the attack and another 174 were wounded. The ship, a $40-million dollar state-of-the-art signals intelligence platform, was later declared unsalvageable and sold for scrap.
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  The Cover Up
  Despite a near-universal consensus that the Israeli attack was made with full knowledge that USS Liberty was a US Navy ship, the Johnson administration began an immediate cover-up of this fact. Though administration officers continued individually to characterize the attack as deliberate, the Johnson administration never sought the prosecution of the guilty parties or otherwise attempted to seek justice for the victims. They concealed and altered evidence in their effort to downplay the attack. Though they never formally accepted the Israeli explanation that it was an accident, they never pressed for a full investigation either. They simply allowed those responsible literally to get away with murder.
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  In an ongoing effort to reveal the truth about the attack, the USS Liberty Veterans Association has filed with the Secretary of the Army in the manner prescribed by law a detailed, fully documented Report of War Crimes describing the circumstances of the attack on our ship and evidence that it was a crime under international law. In accordance with international law and treaties, the United States is obligated to investigate the allegations. So far, the United States has declined even to acknowledge that the report has been filed. The full text of the report can be found at :
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  http://www.gtr5.com/evidence/warcrimes.pdf

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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Dead In The Water: The False Flag Attack of The USS Liberty By Zionist Israel !

• Zionist ’666′ Israel is the country which most consistently betrays and attacks America! This is in rememberance of all those US servicemen who died on that fateful day in 1967. This false flag attack was to be blamed on Egypt. Fortunately, they failed. BBC documentary, Google Video :
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  During the Six-Day War, Israel attacked and nearly sank the USS Liberty belonging to its closest ally, the USA. Thirty-four American servicemen were killed in the two-hour assault by Israeli warplanes and torpedo boats. Israel claimed that the whole affair had been a tragic accident based on mistaken identification of the ship. The American government accepted the explanation. For more than 30 years many people have disbelieved the official explanation but have been unable to rebut it convincingly.Now, Dead in the Water uses startling new evidence to reveal the truth behind the seemingly inexplicable attack. The film combines dramatic reconstruction of the events, with new access to former officers in the US and Israeli armed forces and intelligence services who have decided to give their own version of events. Interviews include President Lyndon Johnson’s Secretary of Defence Robert McNamara, former head of the Israeli navy Admiral Shlomo Errell and members of the USS Liberty crew.

"kee betachbulot ta'ase lecha milchama" Translation: "With clandestine terrorism we will conduct war!" or By way of deception, thou shalt do war'!

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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Persian Gulf Option One: A False Flag!

• The Anglo-American-Zionist west is obviously preparing for a false flag attack should they fail to provoke Iran into it. It should come as no surprise. Dick Cheney had suggested it in the past: Flashback: Dick Cheney’s False Flag Attack Idea To Start The War With Iran! See also: Ex-Israeli Intelligence Officer: “Pearl Harbor” Style Attack Will Be Pretext For War On Iran!
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• We all know of Zionist Israel’s 1967 false flag attack on the USS Liberty to put the blame on Egypt! It almost started nuclear world war 3. It should not come as a surprise if Zionist Israel again attempt such a stun to put the blame on Iran. Hopefully, the sheeple will not be so gullible!
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  Persian Gulf Option One: A False Flag! 
  by Patrick Henningsen, www.Infowars.com
  “Remember the Maine!”, was the cry back in 1898 from William Randolph Heart’s New York Journal – a forerunner the modern Murdoch press. Then, some 274 men lost their lives as a result of the explosion which sunk the USS Maine in Havana Harbor. Hearst even told a story of how the enemy had planted a torpedo beneath the Maine and detonated it from shore. The only problem was – it never happened. Nonetheless, the event used as the popular pretext for the United State’s entry into the Spanish-American War, and ultimately, the acquisition of Cuba itself by the US. This was now the modern blueprint for using propaganda in conjunction with, what is accepted by many historians, a type of false-flag event.
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  Some 70 years later, on June 8, 1967, during the Six-Day War, a similar event took place off the coast of Egypt. It could well have been, “Remember the Liberty!”, following an event which saw 34 US men killed and 170 wounded when the USS Liberty was attacked by both the Israeli Air Force and Israeli Navy torpedo boats. History now reveals that Israel’s slaughter of the USS Liberty crew was designed as a false flag event, but luckily Russia intervened at the last minute before Israel could sink the decorated American ship. Had it worked, it could have been used to drag the US and her allies into a new regional, or even a third world war - with who knows what consequences.
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  If a conflict is to ignite in the Persian Gulf in 2012, it is highly likely that the US or Israel will use the false flag option. Two reasons support this. Firstly, Iran lacks a motive to want to engage in a suicidal first strike against the axis powers – a move which would no doubt cost them thousands of innocent lives and billions in infrastructure. Frankly, it’s safe to say that it’s not at all in the Iranian national interest to start such a conflict. History does show however, that the US and Israel can – and will, employ the technique of the false flag attack, where they would engineer an incident and then blame it on the Iranians. By all accounts, this is also how the US was able to fake their way into the costly and bloody Vietnam War, via the infamous Gulf of Tonkin Incident.
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  Recent weeks have seen a massive build-up of naval assets in the Persian Gulf by both the US and the British. The irony of surface naval power in the 21st century is that it is only good for one thing, and that is the ‘projection of force’. In fact, Naval Power ceased to be a major factor geopolitical power-play since the dawn of the 20th century, when it was usurped by Air Power.
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  As Great Britain learned in the Falklands War back in 1982, even a single French Exocet missile can sink a battleship, or aircraft carrier. Iran has more than this capability, so for all practical purposes, any American ships in the region are nothing more than bait – large, slow sitting targets. Which begs the obvious question: why would the US be sending its soon-to-be decommissioned, rusty chess piece – the 50 year old nuclear-powered USS Enterprise carrier into the line of fire in the Persian Gulf? A very large and expendable, floating museum, and one which, interestingly enough with its six on board nuclear reactors… would probably cost a fortune to dispose of.
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  If other sides are drawn in to a conflict, most experts agree that it has the danger of escalating into a WWIII situation, and both sides would surely be losers in such a scenario, not to mention the global economy.
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  However, we have the ideal set of conditions for a New Cold War to emerge in the early 21st Century – one where the Western Axis powers of the US, Europe, Israel and GCC countries sit on one side, and with Iran, Syria, Pakistan, China, and perhaps Russia sitting on the opposite side. This New Cold War will be more about the projection of power and securing sub-regional dominance in terms of economics – natural gas, mineral and trade relationships, as well as petroleum – than it will about the political ideologies that seemed to dominate the previous 20th Century Cold War.
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  On the surface, this latest spat between the US and Iran looks like a step closer to war, but on closer examination however, the present conditions are not at all ideal for a preemptive strike against Iran by the US, or Israel. Why? In a time when fuel consumption is down worldwide, and oil supplies are high, oil prices are defying economics and maintaining strength above $100 per barrel. It’s also worth noting that defense contracts – particularly in the GCC countries – are way up, meaning there is still much money to be made from this current crisis – on both sides, including Iran.
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  Still though, we must keep our eyes open for that false flag from the west.

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Alex Jones Documentary: Fall of The Republic!

Revelation 17:3~6, .. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.(a) 5 And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH. 6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. Graphic source: http://watchmanreports.com/

Mike Maloney: Gold, Silver & Debt Based Monetary System!