Socio-Economics History Blog

Socio-Economics & History Commentary

Lindsey Williams: Emergency Broadcast – JP Morgan US$2B Derivatives Loss is The Crack in The Financial Derivatives Market !

(Audio is quite soft! Sorry! Original condition. 15 May 2012)

  • Lindsey Williams says this JP Morgan US$2B derivatives loss is the first indication ‘crack’ in the coming financial derivatives collapse! Topics:
    -
    - Major meeting over the past weekend about the derivatives issue not reported in the MSM. Washington and Wall Street on edge over the financial derivatives market. 24×7 emergency standby basis for Lindsey William’s elite friend’s company. Constant monitoring of the situation.
    - The beginning of the crack in the derivatives market.
    - It indicates very dangerous situation in the financial world.
    - Currency Wars
    - Trade Wars
    - Final step is a rise in the interest rates! A 1% rise in interest rates will add US$140B to the national debt. It will collapse the USD!
    - (mosesman: The largest amount of financial derivatives is in interest rate swaps, about US$300T. The majority of it is held by JP Morgan. These swaps are used to keep interest rates low ie. manipulation of interest rates. But when interest rates rise, these banksters will have to payout trillions of dollars. It will be financial Armageddon. The amount of money needed to be created by the FedRes to bail out the banksters will guarantee the collapse of the USD & the world financial system!)
    - You could at any moment wake up one morning and witness a bank holiday. No one will be allowed to withdraw any money.
    - Worldwide financial collapse to bring about New World Order!
    - Get out of paper assets into hard assets like physical gold.
    -
  • Lindsey Williams on JP Morgan $2 billion loss May 2012
    When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market. When most Americans think of Wall Street, they think of a bunch of stuffy bankers trading stocks and bonds. But over the past couple of decades it has evolved into much more than that. Today, Wall Street is the biggest casino in the entire world.
    -
    Their Chief Investment Office made a series of trades which turned out horribly, and it resulted in a loss of over 2 billion dollars over the past 40 days. But 2 billion dollars is small potatoes compared to the vast size of the global derivatives market. It has been estimated that the the notional value of all the derivatives in the world is somewhere between 600 trillion dollars and 1.5 quadrillion dollars. Nobody really knows the real amount, but when this derivatives bubble finally bursts there is not going to be nearly enough money on the entire planet to fix things.
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    According to the Comptroller of the Currency, the “too big to fail” banks have exposure to derivatives that is absolutely mind blowing. Just check out the following numbers from an official U.S. government report….
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    JPMorgan Chase — $70.1 Trillion
    Citibank — $52.1 Trillion
    Bank of America — $50.1 Trillion
    Goldman Sachs — $44.2 Trillion
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    So a 2 billion dollar loss for JP Morgan is nothing compared to their total exposure of over 70 trillion dollars. Overall, the 9 largest U.S. banks have a total of more than 200 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy.

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May 16, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | 2 Comments

James Turk: Expect Tremendous Chaos, Europe Deteriorating Rapidly!

  • Turk – Expect Tremendous Chaos, Europe Deteriorating Rapidly! 
    by www.kingworldnews.com
    With major markets around the world continuing to get hit, today King World News interviewed James Turk out of Europe.  Turk told KWN the situation in Europe is deteriorating and the banking system is being severely tested.  Turk also discussed gold and silver, but first, here is what Turk had to say about the crisis in Europe:  “The situation here in Europe is rapidly deteriorating, Eric.  Moody’s downgrade of 26 Italian banks was just the latest nail in the coffin.  It seems likely that more bank downgrades are coming in other countries because Europe is in a downward spiral.”
    ….
    “Bankers are running scared because so many banks are on the verge of insolvency or have already reached that state.  So they are not lending.  They are still way over-leveraged and trying to work off all the bad loans they still have on their books.
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    read more!

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May 16, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off

Alex Jones: Defense Contractors New Mission for DHS, Kill Americans!

  • Alex JonesTV:
    He talks with a whistleblower from a major defense contractor who has details on the Department of Homeland Security’s effort to shift the war on terror from Muslims to fighting the American people.

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May 16, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | Comments Off

Is JP Morgan CEO Jamie Dimon The “World’s Funniest Financier?”

May 16, 2012 Posted by | Economics, GeoPolitics | , , , , , | Comments Off

Gerald Celente Calls Out Jamie “Two-Bit” Dimon And His Financial Crime Syndicate!

May 16, 2012 Posted by | Economics | , , , , , , , | Comments Off

Show Over? EU Doomed Even if Greece Opts Out !

May 16, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , | Comments Off

Franco-German Face-Off: Hollande Wings it to Angela!

May 16, 2012 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off

Young Blood: Palestine Youth Suffers from Israel Brutality!

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

May 16, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off

Fascist Israeli Nakba Law Denies Common Human Empathy!

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

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May 16, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off

JP Morgan Too Big To Regulate?

May 16, 2012 Posted by | Economics | , , , , , , , , | Comments Off

Greece Could Quit The Euro, Admits Merkel as Global Markets are Plunged into Turmoil !

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

  • Greece could quit the euro, admits Merkel as global markets are plunged into turmoil !
    By Daily Mail Reporter, http://www.dailymail.co.uk/
    - Growing pessimism over future of single currency in current form
    – Merkel’s Christian Democrats ‘crushed’ in ‘bellwether’ regional elections
    – German chancellor raises possibility of Greek exit for first time
    – Greek bank shares plunge by 7%, as European stock markets also fall
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    Tens of billions of pounds were wiped off shares yesterday as Angela Merkel conceded for the first time that Greece could be forced to quit the euro. The German chancellor suggested that European support for Greece would ‘end’ unless Athens held to the punishing bail-out terms agreed with Brussels and Berlin.
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    Her warning came amid mounting speculation that Greece could be forced out of the single currency within weeks – plunging both Athens and the single currency into crisis.
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    Observers have dubbed the possible departure as the ‘Grexit’ and one Greek minister last night warned the crisis could result in ‘civil war’, with Kalashnikov-toting gangs roaming Athens.
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    Greek newspaper Imerisia reported that the government has just £1.2billion left in its coffers – enough to continue for only a few days. Last night there were also rumours of an unofficial ‘grey market’ in the drachma – the old Greek currency – springing up in anticipation of the exit.
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    Mrs Merkel, who will hold talks on the crisis with new French president Francois Hollande today, said Greece would ‘always’ be a member of the EU. But she left open the question of Greece’s membership of the single currency, saying only that it would be ‘better’ if it remained within the ailing single currency.
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    Her comments came as the mounting political turmoil in Greece sent shockwaves through world stock markets. Mr Hollande will fly to Berlin today for talks just hours after being sworn in.
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    In London, the FTSE-100 index was down by 110 points to its lowest level this year, wiping almost £30billion off the value of Britain’s top companies. Bank shares took a hammering, with Barclays, Lloyds and Royal Bank of Scotland all down by around 5 per cent.
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    read more!

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May 16, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off

Dr. Richard Sauder: Approaching Cataclysm? A Conclusion of The Underground Bases!

  • I want to put some context into what the Bible say are the endtimes conditions. I am irritated beyond measure by Christians who keep saying it is the endtimes but cannot provide any evidence. It is as though they believe it is ‘spiritually true’ but has no relevance/context in the real world. The Bible should be read as reality both in the spiritual realm and physical reality ie. in the real world. See also:
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    Jesse Ventura: Apocalypse 2012!? US Government Building A Great Quantity of Underground Bases for The Elites!
    Why is Russia Building 5,000 New Nuclear Bomb Shelters in Moscow by 2012?
    Richard Sauder: Deep UnderGround Bases (DUMB) and Black Budget!
    Jesse Ventura: Secret Underground Military Bases! ‘Designed For 2012 And Economic Collapse! Denver Airport?’
    Deep Underground Military Bases (D.U.M.B.)
    The Illuminist Population Reduction Plan Via War, Famine, Disease, GM Food, Vaccines….
    Underground Bases Deep Underground Military Bases and the Black Budget – Phil Schneider
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  • I have covered/posted Dr Richard Sauder’s work/interview on my blog previously. He is an excellent researcher on the thousands of underground bases/cities build all over the world. The Illuminist ruling elites know/understand what is coming. The Christian sheeple are largely blind to this warning sign. (I encourage all of you to read the earlier 3 parts of this series of article by Dr. Richard Sauder.)
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    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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    Isaiah 2 : 17 – 21
    17 The loftiness of man shall be bowed down,
          And the haughtiness of men shall be brought low; 
          The LORD alone will be exalted in that day,
    18 But the idols He shall utterly abolish.
    19 They shall go into the holes of the rocks,
    And into the caves of the earth,
    From the terror of the LORD
    And the glory of His majesty,
          When He arises to shake the earth mightily.        
    20 In that day a man will cast away his idols of silver 
          And his idols of gold,
          Which they made, each for himself to worship,
          To the moles and bats,
    21 To go into the clefts of the rocks,
    And into the crags of the rugged rocks,
    From the terror of the LORD
          And the glory of His majesty, 
          When He arises to shake the earth mightily.
    -
  • Approaching Cataclysm? A Conclusion of the Underground Bases! 
    By Dr. Richard Sauder, theintelhub.com
    (Part 4 in our exclusive underground base series published with permission from the author and publisher)
    -     You can read Part 1, “Nazi Engineers, Secret U.S. Military Bases, and Elevators To The Subterranean and Submarine Depths” (Part 1)
    - You can read Part 2, “Where Are All the Deep Underground Military Bases?” (Part 2)
    - You can read Part 3, “Letters From the Underground Mail Bag: Subterranean Labyrinths, Underground Bases, and Hollowed Out Norwegian Mountains”(Part 3)
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    So why all the secrecy and clandestine underground and underwater activity? Is Armageddon coming? Is the Apocalypse right around the corner?
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    Do the clandestine movers and shakers inside the military-industrial-espionage complex know something that the rest of us don’t? Are we like lemmings unwittingly flocking toward a sheer precipice whose existence we do not evenly dimly suspect? At times I wonder. Maybe this is one of the reasons for massive underground bases and secret tunnels. Maybe something BIG is coming up fast?
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    I actually posed this question to one of my sources and got a wonderfully evasive, sphinx-like answer that frankly raised more questions in my mind than it answered.
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    As best as I could parse the response, it seems that at least some, and perhaps many, underground and underwater bases and tunnels are preparations for the following possibilities in the relatively near term (say within the time-frame of the next several years to next few decades):
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    ▪    potential nuclear war
    ▪    change in physics of rotation of the Earth, i.e., a pole shift, or axis relocation
    ▪    reversal of Earth’s magnetic field
    ▪    entering a galactic dust cloud
    ▪    asteroid and/or comet strikes
    ▪    massive, sudden climate change
    ▪    social, political and economic chaos resulting from any of the preceding
    ▪    a combination of any one or more of the above.
    -
    In other words, very dramatic events may be just around the corner. It seems as if those in the know are making massive, extremely expensive preparations for something.
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    Conclusion: Import of the Anecdotal Stories
    Perhaps the most interesting aspect of the preceding accounts is that most of them were recounted directly to me by people who worked for the military-industrial complex, in some cases in the uniformed military services themselves.
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    This is a recurring theme in my research. Time and again I have been approached by ex-military personnel, and, I believe, even active-duty military personnel in some cases.
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    Why should this be the case? I believe it is because some people who are involved in the activities of the United States military see things that bother them, or perhaps are asked to carry out duties that trouble them.
    -
    Some of these people then leak information to a researcher such as myself, in hopes that some of what they have seen, or have been asked to do, will trickle out into the public domain, for the greater edification of the general population.
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    I can only speculate as to their personal motivations, but I think their concerns must be personal ethical misgivings, in some cases, deep political unease at the machinations of secret, unconstitutional government, and even profound strategic military misgivings in others.
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    For example, it may be technologically possible to design, build and deploy continent-busting weaponry that far exceeds the destructive power of nuclear weaponry, but is it morally advisable to do so? Is it militarily advisable to do so?
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    Under what conceivable set of circumstances would a military command structure literally unleash hell on Earth, such that entire continents, or regions of continents were laid waste? What sane person would set in motion such a series of events?
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    What sane person would care to inhabit a planet that had been reduced to a smoldering, radioactive cinder? Under what fiendish mind-set could such an outcome be considered a “victory”?
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    Or again, if the underground and underwater infrastructure of secret bases and tunnels has possibly grown so extensive, so sophisticated and so out-of-the-oversight of the constitutionally mandated political checks and balances prescribed by open, civil government, then it may be that the well-being of the American people, and perhaps many others as well, is profoundly threatened by a stealthy, massively funded, high-tech, underground and/or undersea power about which they remain blissfully unaware, the nefarious intentions and plans of which run directly counter to their best interests.
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    Indeed, if I had to guess, I would surmise that more than a few of my sphinx-like sources have concerns that run very much along these lines. They see things they do not approve of, but they are severely hemmed in and constrained by rigorous security clearances that carry severe penalties for violations.
    -
    What would you do, in their place, if you saw something with which you profoundly disagreed, but could not speak out openly, for fear of being sentenced to many years in prison, and/or very heavily fined? Or perhaps even targeted for personal liquidation, i.e., assassination, for speaking publicly?
    -
    You just might very quietly and anonymously leak a bit of information to an investigative author in hopes that it would find its way into his next book, or magazine article, or radio interview, and thereby find its way out into the world and the light of day where thousands, eventually millions, of other people could read it, hear it, and ponder its significance.

Photo of United States Air Force tunnel boring machine at Little Skull Mountain, Nevada, USA, December 1982.

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May 16, 2012 Posted by | Disaster, EndTimes, Social Trends | , , , , , | 1 Comment

US Military Course Taught Officers ‘Islam is The Enemy’!

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com

  • Don’t be surprise that the people at the top echelons in the Pentagon and Military Industrial Complex (MIC) are Satanists. They are following the script laid down for them: Satanic World War 3 plan! All of these Illuminist generated Islamophobia are psyops against impressionable young American minds who do not yet understand what is really going on. When the noise dies down they will restart this psyop again!
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    US military course taught officers ‘Islam is the enemy’! 
    by AP, http://www.guardiannews.com/
    Pentagon suspends course after study materials posted online suggested that Mecca and Medina may have to be obliterated
    -
    A course for US military officers has been teaching that America’s enemy is Islam in general and suggesting that the country might ultimately have to obliterate the Islamic holy cities of Mecca and Medina without regard for civilian deaths, following second world war precedents of the nuclear attack on Hiroshima.
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    The Pentagon suspended the course in late April when a student objected to the material. The FBI also changed some agent training last year after discovering that it, too, was critical of Islam.
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    The teaching in the military course was counter to repeated assertions by US officials over the past decade that America is at war against Islamic extremists, not the religion itself.
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    “They hate everything you stand for and will never coexist with you, unless you submit,” the instructor, Lieutenant Colonel Matthew Dooley, said in a presentation last July for the course at Joint Forces Staff College in Norfolk, Virginia. The college, for professional military members, teaches mid-level officers and government civilians on subjects related to planning and executing war.
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    Dooley also presumed, for the purposes of his theoretical war plan, that the Geneva conventions that set standards of armed conflict, are “no longer relevant”.
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    He adds: “This would leave open the option once again of taking war to a civilian population wherever necessary (the historical precedents of Dresden, Tokyo, Hiroshima, Nagasaki being applicable to the Mecca and Medina destruction decision point).” His war plan suggests possible outcomes such as “Saudi Arabia threatened with starvation … Islam reduced to cult status”.
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    A copy of the presentation was obtained and posted online by Wired.com’s Danger Room blog. The college did not respond to the Associated Press’ requests for copies of the documents, but a Pentagon spokesman authenticated the documents. Dooley still works for the college, but is no longer teaching, said the joint chiefs of staff chairman, General Martin Dempsey. Dooley has refused to comment.
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    A military service record summary provided by army human resources at Fort Knox, Kentucky, shows that Dooley was commissioned as a second lieutenant upon graduation from the US military academy at West Point, New York, in May 1994. He has served tours in Germany, Bosnia, Kuwait and Iraq. He has numerous awards including a Bronze Star medal, the fourth-highest US combat award.
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    In what he termed a model for a campaign to force a transformation of Islam, Dooley called for “a direct ideological and philosophical confrontation with Islam”, with the presumption that Islam is an ideology rather than just a religion. He further asserted that Islam has already declared war on the west, and the US specifically.
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    “It is therefore illogical” to continue with the current US strategy, which Dooley said presumes there is a way of finding common ground with Islamic religious leaders, without “waging near total war”.
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    The course on Islam had been taught  since 2004, but was not part of the required core curriculum. It was offered five times a year, with about 20 students each time.
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    read more!

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May 16, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off

Bilderberg Scheme To Save The Euro!

It’s a question of when?

  • Keep in mind the context of the Illuminists’ fear: a return to national currencies by Greece and the PIIGS, ie. defeat of the Euro, is a major step backwards for their One World Currency backed by gold. (I believe the Illuminists have abandoned their previous plan of having regional currencies ie. Euro, Amero, Asia Union Currency, Africa Union currency…) They do not want any of their members to return to national currencies. Once they are ready, they will pull the plug on the entire Eurozone project and initiate their global currency meltdown. The progression of the currency meltdown will likely be: Euro collapse, spread to the rest of Europe, UKP, JPY … and finally USD. All fiat currencies will be affected. The stronger BRICS currencies will also be attacked !
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    Bilderberg Scheme To Save The Euro! 
    by Paul Joseph Watson, www.Infowars.com
    The Bilderberg Group is terrified that Greece’s  potential exit from the eurozone could lead to a dramatic economic recovery and  provide a template for other countries to follow suit, threatening to torpedo  the euro single currency and the entire agenda for a European federal  superstate.
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    One of the primary discussion topics at this  year’s upcoming Bilderberg Group meeting in Chantilly, Virginia will revolve  around how the elite plan to address the issue that threatens to bring their  agenda for global governance crashing down – the euro crisis.
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    The increasing threat of Greece abandoning its  promise to honor draconian bailout terms agreed with Brussels and Berlin last  night led German chancellor Angela  Merkel to acknowledge for the first time that Greece could exit the euro, a  likelihood that has sent the single currency along with financial markets  plunging in recent days.
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    The euro crisis is now at its most severe point in  history, outstripping similar crisis points which coincidentally also occurred  just before the annual Bilderberg Group meetings in 2010 and 2011.
    -
    On both of those occasions, political consensus  formed by Bilderberg members was enough to keep the euro on life support for  another 12 months each time, and the same globalists will once again try and  hammer out a strategy behind closed doors that will provide redemption for their  cherished pet project.
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    In  2010, “the future of the euro” took center stage in Spain as Spanish Prime  Minister Luis Rodriguez Zapatero was joined by numerous financial heavyweights  to try and solve the crisis as Bilderberg members panicked about the possible  collapse of the single currency.
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    A year later during the 2011 meeting in St.  Moritz, Switzerland, the  euro crisis was again at the top of Bilderberg’s agenda as globalists  expressed fears that the demise of the single currency could also torpedo hopes  to create multi-regional currencies.
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    Bilderberg is terrified not only that Greece will  exit the euro, but that in doing so it will go on to see a massive economic  rebound and become an example for other eurozone countries to follow the same  course. This fear is exemplified in a piece appearing  today in Bilderberg-controlled newspaper the Financial Times entitled Greece’s  exit may become the euro’s envy.
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    “Expelled from the eurozone, Greece might prove  more dangerous to the system than it ever was inside it –  by providing a model of successful recovery,” writes Arvind  Subramanian.
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    read more!

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May 16, 2012 Posted by | Economics | , , , , , , , , , | Comments Off

Keiser Report: Countdown to Armageddon! JP Morgan’s US$2B ‘Egregious, Terrible Mistake’!

May 16, 2012 Posted by | Economics | , , , , , , , , | Comments Off

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