Socio-Economics History Blog

Socio-Economics & History Commentary

Lloyd’s of London Preparing for Euro Collapse!

  • Lloyd’s of London preparing for euro collapse! 
    By , http://www.telegraph.co.uk/
    The chief executive of the multi-billion pound Lloyd’s of London has publicly admitted that the world’s leading insurance market is prepared for a collapse in the single currency and has reduced its exposure “as much as possible” to the crisis-ridden continent.
    -
    Richard Ward said the London market had put in place a contingency plan to switch euro underwriting to multi-currency settlement if Greece abandoned the euro. In an interview with The Sunday Telegraph he also revealed that Lloyd’s could have to take writedowns on its £58.9bn investment portfolio if the eurozone collapses.
    -
    Europe accounts for 18pc of Lloyd’s £23.5bn of gross written premiums, mostly in France, Germany, Spain and Italy. The market also has a fledgling operation in Poland. Lloyd’s move comes as a major Franco-German provider of credit insurance for eurozone trade, Euler Hermes, said it was considering reducing cover for trade with Greece because of the risk the country might leave the eurozone. When a company goes bust, it is often sparked by withdrawal of credit insurance for suppliers wanting to trade with it.
    -
    read more!

end

May 28, 2012 Posted by | Economics | , , , , , | Comments Off

No War for Israel in Syria And Iran!

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

end

May 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off

War On Islam? FBI Spies on US Muslims Living in Fear!

  • By fabricating a bogus war between Islamic fundamentalism and the West, the globalists are able to attack their real enemy, humanity. Pulling the strings, they will ensure that both Western and Muslim states are degraded and finally completely subjugated to their odious rule.
    - Dr. John Coleman, Muslim Brotherhood created by British Intelligence

end

May 28, 2012 Posted by | Social Trends | , , , , , , , | Comments Off

Make Up or Break Up Dither ‘Killing EU’ !

May 28, 2012 Posted by | Economics, GeoPolitics | , , , , , | Comments Off

Why You Should Care: US Missile Shield in Europe!

May 28, 2012 Posted by | GeoPolitics | , , , , , , , | Comments Off

Americans Don’t Share Global Domination Policies of Their Leaders!

May 28, 2012 Posted by | GeoPolitics | , , , , | Comments Off

Central Bank of Iran: Iran Designs Alternative System for SWIFT!

  • SWIFT (Society for Worldwide InterBank Financial Telecommunication) is the banking network that allows interbank transfer of funds between countries. Without it, countries cannot do import/export trade with one another. SWIFT is a part of the western Illuminati’s global financial hegemony. Any country that does not play ball with them will be locked out of the system, like what is happening to Iran now. It is a tool used to wage economic war against nations to maintain the iron grip of the Anglo-American Illuminist hegemonic power.
    -
  • This announcement by Iran is not a surprise. The rumour is: as many as 10 nations (Russia and China included) are behind this move. This is a highly significant event. If this alternative system (to SWIFT) is successful, it spells the end of the Anglo-American-Zionist-Illuminist world empire. The sheeple will not understand this. The western Illuminati will wage global thermonuclear war to prevent their global financial, economic and monetary empire from collapsing! We are entering into a period of global wars, just before the appearance of the white horseman of Revelation 6, the bringer of false peace, the fake messiah, the Anti-Christ.
    -
    Iran designs alternative system for SWIFT: CBI 
    Source: PressTV, via http://www.tehrantimes.com/
    Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani says the country has designed and implemented a new system for conducting international transactions.
     -
    On March 15, SWIFT CEO Lazaro Campos said in a statement that the society has decided to discontinue offering services to Iranian banks which are subject to financial sanctions imposed by the European Union.
    -
    On January 23, the EU foreign ministers approved new sanctions on Iran’s financial and oil sectors, which prevent member countries from importing Iranian crude or dealing with its central bank.
    -
    Experts believe that SWIFT’s new action is meant to fully enforce EU sanctions, as global financial transactions are impossible without using SWIFT. Bahmani rejected reports about a Japanese bank freezing transactions with Iranian banks.
    -
    On May 17, the Reuters reported that Bank of Tokyo-Mitsubishi UFJ has frozen USD 2.6 billion of assets of Iranian banks under an order by the New York District Court earlier this month.

end

May 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , | Comments Off

Legitimizing Global Tyranny: Moving Towards World Government !

  • The western Illuminati is going into their endgame to bring about their Luciferian New World Order, World Government, One World Currency, Global Supra-National Central Bank –> ’666′! They will trigger a global economic, financial and monetary meltdown and lead the world to their Satanic World War 3. They are executing their plan for the destruction of Christianity and the formation of their Satanic World Religion. Many Christian sheeple will fall when Zionist ’666′ Israel, the Satanic counterfeit is destroyed. At the end of this coming WW3, I believe, they will execute their UFO-Alien invasion strong delusion (2 Thess. 2:9-12)! These ‘Aliens’ that are coming are really the demons, Nephilim and fallen spiritual beings of Genesis 6. The world is rapidly heading into the Days of Noah, the conditions that existed in the Antediluvian world.

The white horseman logo of the Illuminati Council on Foreign Relations (CFR). They labour to lay the foundation for the coming of the white horseman, the fake messiah, the Anti-Christ, the bringer of false peace of Revelation 6.

  • Legitimizing Global Tyranny: Moving Towards World Government ! 
    by Jurriaan Maessen, http://www.globalresearch.ca/ 
    Gideon Rachman’s 2008 article titled ‘And now for a world government’ and, more recently, Scientific American- editor Gary Stix’s piece Effective World Government Will be Needed to Stave Off Climate Catastrophe, illustrate a widespread and dangerous misconception. It also demonstrates the cunning of one world- propagandists in the crafting of their arguments. In Rachman’s article we are shown typical Palaeolithic artistry: horses, warriors, deer and, portrayed on the very same rocky surface, a globe. It is almost admirable were it not so deviously cunning, to bundle within a single image the primitive with the “modern” and by doing so, considering the latter as the logical conclusion of the former. Rachman explains:
    -
    ‘For the first time since homo sapiens began to doodle on cave walls, there is an argument, an opportunity and a means to make serious steps towards a world government.’
    -
    This statement may be considered as the basic assumption out of which a lot of these globalists’ musings emanate. Point of departure is always the human journey, that once upon a time began with cave-scribbling tribes scattered aimlessly on the planet surface, in the course of time crystallizing into sophisticated city-states, in turn evolving into even more sophisticated nation-states- and finally, approaching present-day, culminating into one world-state, eclipsing all of the above.
    -
    It sounds logical, treacherously logical. As we take a closer look at this line of reasoning however, we immediately encounter difficulties. The logic as it turns out, is not so logical after all- and besides, without long term historical precedent. History is certainly littered with tyrants and their attempts to bring about overarching supranational states. And without exception, their enterprises eventually failed, forcing freedom loving people throughout history to build firewalls against tyranny, at the same time compelling the elite to refocus their eyes on more modest ambitions.
    -
    That the implementation of a one world government is not some magical or mysterious suggestion that can only be understood by an arduous reading between the lines, as some naive debunkers have suggested, has been disproven by the fact that the aim of global government has been spelled out for us word for word by overeager transnationalists and the think tanks they tend to assemble in. Like any governmental decree, the implementation of an actual world state to replace the nation-state of old requires a theoretical legitimization. The people designated to clear the theoretical brushes, so to speak, have been picked from the marble halls of academia. In this article I will shed some light on some of these.
    -
    Professor Saul Mendlovitz, founder and co-director of an international think tank ominously called the World Order Models Project (WOMP) has since 1968 attempted to formulate an answer to the question what world government should look like. The World Policy Institute gives a description of the project by stating that “this was one of the first truly global think tanks, with partners and contributors in India, China, Africa and Europe.”
    -
    Mendlovitz, as a member of the Council on Foreign Relations, received his first funding for the project from the Carnegie Endowment for International Peace and the Rockefeller Foundation. As Daniel Taylor points out in his excellent 2007 article on the World Order Models Project:
    -
    “Saul H. Mendlovitz, a member of the Council on Foreign Relations, directed the project. Richard A. Falk, also a member of the CFR, contributed academic work. The goals of the WOMP, according to Mendlovitz, were to “…go beyond the nation-state system…to use a much broader range of potential actors, including world institutions, transnational actors, international organization, functional activities, regional arrangements, the nation-state, subnational movements, local communities, and individuals.”
    -
    Taylor goes on to write that “The long term goals of WOMP (2011-2013), as Mendlovitz states, is to establish “…a global tax scheme to establish and maintain a basic needs regime for global society… a complete and general disarmament with alternative security system in place…”
    -
    Richard Falk, the CFR member mentioned by Daniel Taylor, has openly written about WOMP’s endeavors throughout the last half of the 20th century, claiming world government is not one of them. In his Global Constitutionalism and World Order Falk writes:
    -
    “Contrary to many outside critics, the Models Project has never identified itself with the advocacy of world government or world federalism (…). And yet, more than anyone in his generation, Mendlovitz (…) has kept alive the notion that a global constitutional order is theoretically necessary and historically inevitable.”
    -
    read more!

end

May 28, 2012 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , | Comments Off

UK Home Secretary, Theresa May: We’ll Stop Migrants If Euro Collapses!

Eurozone sovereign debt super storm is coming!

  • Theresa May: we’ll stop migrants if euro collapses! 
    By , and James Kirkup, http://www.telegraph.co.uk/
    The Government is drawing up plans for emergency immigration controls to curb an influx of Greeks and other European Union residents if the euro collapses, the Home Secretary discloses today.
    -
    In   an interview in The Daily Telegraph, Theresa May says “work is ongoing”   to restrict European immigration in the event of a financial collapse. People from throughout the EU, with the exception of new member countries such   as Romania and Bulgaria, are able to work anywhere in the single market.
    -
    However, there are growing concerns that if Greece was forced to leave the   euro, it would effectively go bankrupt and millions could lose their jobs   and consider looking for work abroad.
    -
    The crisis could spread quickly to other vulnerable countries such as Spain,   Ireland and Portugal, although Britain is regarded as a safe haven because   it is outside the single currency. Details of the contingency plan emerged as the euro crisis deepened further yesterday.
    -
    read more!

end

May 28, 2012 Posted by | Economics, Social Trends | , , , , , , , , , | Comments Off

Japanese Yen – Chinese Yuan Direct Trading To Start in June!

Well, what do you know? There are still some uses for the dollar!

  • The world is abandoning the USD as world reserve currency and international trade settlement currency! This is another sign that the global currency crisis is coming. I do not believe that the western Illuminati will sit idly by and watch their global monetary hegemony go to pieces. They will pick a time for their currency war. Their attitude is: “If I am going to hell the rest of the world will come along also!”. They will not give up the source of their power: the global currency hegemony! War is brewing worldwide!
    -
    Yen-yuan direct trading to start in June! 
    by AFP
    TOKYO — Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports.
    -
    With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current “cross rate” system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday.
    -
    The two governments are eyeing setting up markets in Tokyo and Shanghai, the Yomiuri Shimbun said. The yen-yuan exchange system would help businesses in the world’s second- and third-largest economies reduce risks associated with exchange rate fluctuations in the dollar and cut transaction costs, Kyodo said.
    -
    It will be the first time that China has allowed a major currency except the dollar to directly trade with the yuan, Kyodo said.

end

May 28, 2012 Posted by | Economics | , , , , , , , | 1 Comment

Gordon Long: The Tipping Point Has Been Reached in Europe!

May 28, 2012 Posted by | Economics | , , , , , , , , , | Comments Off

Europe’s Slump Deepens as Kabuki Summit Falls Short !

Eurozone sovereign debt crisis!

  • The world is heading for a global economic, financial and monetary meltdown leading to World War 3! The Illuminists want to trigger the collapse to provide an excuse, to put the blame on, to the criminal mess they have created in the fraudulent financial derivatives meltdown. The collapse will start in the PIIGS, spread to the rest of Europe, UK, Japan …. and finally USA. Asia will not escape!
    -
  • The Illuminists will attempt to gain even more power with the coming crisis. We should be able to see the 10 Horn beast of Revelation 17 forming. We should also be able to see the formation, the super merger of 3 countries into 1 European superstate! The place where the Anti-Christ will come from!
    -
    Europe’s slump deepens as Kabuki summit falls short! 
    By , http://www.telegraph.co.uk/ 
    Once again Europe’s leaders have swooped into Brussels and vanished hours   later without offering any clear way out of the pulsating crisis at hand.
    -
    Greece scarcely made it on to the agenda. The hard decisions have been delayed until the next summit in late June. There was no agreement on use of the European bail-out fund (ESM) to shore up Club Med banking systems and take the strain off the sovereign states.
    -
    Mario Draghi, president of the European Central Bank, said the EU is at a “crucial moment” in its history. “We have reached a point in which the process of European integration needs a courageous leap of political imagination in order to survive,” he said. Yet no such leap was in evidence. The eurozone is no closer to equipping itself with federal debt machinery and a genuine lender of last resort.
    -
    French president Francois Hollande achieved his coup de theatre. The French media gently accused him of staging a choreographed spat with chancellor Angela Merkel over eurobonds, knowing that Germany will not share its credit card with the debtor states until there is a fully-fledged United States of   Europe – anathema to France. “While Germany sees eurobonds as the end point, we see them as the starting point,” said Mr Hollande.
    -
    His eyes are on France’s legislative elections in mid-June. He has already   fudged campaign pledges to withdraw troops from Afghanistan. He risks   haemorrhaging support to the Left Front of Jean-Luc Melenchon if he yields   on calls for eurobonds, a “growth compact”, and an EU “Tobin tax” on financial transactions.
    -
    Officials at the Elysee fear a Red-Rose coalition if Mr Holland’s socialists fail to win an outright majority, evoking memories of Leon Blum’s Front Populaire in 1936 that set off a run on the French banking system and forced the country off the Gold Standard.
    -
    read more!

end

May 28, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , | Comments Off

Eurozone Strains Intensify as ‘Massive Shock’ Looms!

  • Eurozone strains intensify as ‘massive shock’ looms! 
    By Agence France-Presse, via http://www.rawstory.com/
    Eurozone tensions have intensified after grim news on the economic outlook and as investors sought safety in Germany on growing doubts over Greece’s future in the currency union.
    -
    Shortly after an EU summit failed to produce a remedy, a May survey of eurozone business confidence on Thursday showed the sharpest monthly fall for nearly three years while the data for Germany was the worst for six months and a survey in France, the poorest for 37 months.
    -
    European Central Bank President Mario Draghi said the EU was at “a crucial moment in its history” and that the debt crisis has demonstrated the EU’s weaknesses. “The process of European integration needs a courageous jump in political imagination to survive,” he said, adding that while growth was a priority, “there is no sustainable growth without ordered public accounts.”
    -
    ECB governing council member Ewald Nowotny warned of a “massive shock” of unknown consequences if Greece should stumble back to the drachma and cautioned against taking the possibility too lightly.
    -
    “I believe the fate of Europe is too important to now carry out thoughtless experiments,” Nowotny, an Austrian, said in words aimed squarely at Germany’s Bundesbank which claimed a Greek euro exit would be manageable.
    -
    Amid the strain, the euro slumped to a 22-month dollar low of $1.2516, but Europe’s stock markets staged a technical bounce after heavy losses on Wednesday despite a slew of bad news on the economy.
    -
    Italian Premier Mario Monti, in televised comments Thursday, said Europe had been wrong in recent years to insist on “a too-rapid adjustment” from Athens. The kind of profound cultural and political changes involved “require a generation” to carry out, he said.
    -
    Nevertheless Monti encouraged Greece to honour its agreements, while at the same time urging its partners to avoid “diktats”, in a clear allusion to Germany.
    -
    read more!

end

May 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Comments Off

Lyndon Larouche: “We’re Now in The Drop Dead Phase of The US And European Economies! The Rate of Collapse Has Now Overtaken The Rate of Bailout!”

May 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off

Harry Schultz: Behind The Scenes at The G-8 And NATO Summit Meetings!

Click on image to goto article!

  • Let me assure you what Mr Gold, Jim Sinclair, says is correct: It is QE to infinity! Illuminist banksters will create a massive amount of money out of thin air to bail themselves out. QE implies currency debasement. All fiat currencies will revert to their intrinsic value: ZERO! Got physical gold yet? (emphasis mine)
    -
    Behind the scenes at the G-8 and NATO summit meetings! 
    by , http://www.jsmineset.com/ 
    The following intel came from Harry Schultz this morning: Euro bears be warned. There is more, but this is all I dare post. Harry remains the main man in gold, currency and economic intel. Bravo to you Harry.
    -
    Behind the scenes at the G-8 and NATO summit meetings, some significant decisions were made that will impact over the coming weeks.
    The critical decision at the G-8 meeting and several of the bilateral meetings that took place on the sidelines of the Camp David gathering centered on the decision to plunge ahead with the bailout of the European banks in an effort to save the Euro system, with Greece still inside. President Obama is terrified that a financial meltdown of the Euro system will spill over into Wall Street and result in his losing the November elections. Behind the scenes around Camp David, Christine Legarde put the IMF squarely behind a bailout of the European banks, with the full backing of the Federal Reserve and Treasury in the United States to boost the leveraged lending of the European Central Bank (ECB) to prop up the European banks. ECB will take junk bonds and other vastly over-priced assets as collateral for loans to the Spanish, Greek and other European banks. This will offset an additional estimated $500 billion in new write-offs by bondholders of Greek debt.
    -
    The bottom line is that if Greece leaves the Euro, the contagion will spread overnight to Spain, Portugal, Ireland, and, perhaps, even Italy. So, the IMF, the Obama Administration and the ECB are all on board to further delay the reality of the financial and banking crisis through hyperinflationary measures.  The idea is that the situation will take many months to fully play out, and Obama and his re-election team hope that the system will hold together past the November elections.
    -
    In his sideline meeting with new French President Hollande, Obama reached a full agreement on this perpetuation of the Euro.  This is an area where Hollande and Merkel will agree to disagree.  They both want to defend the Euro, but Hollande will continue to insist that the austerity must be limited and a growth program initiated.  This is actually impossible to accomplish, but this is the growing perspective of the Eurosocialists, including Hollande and his colleagues in Germany’s Social Democratic Party (SPD) and the Italian Socialist Party (PSI).  A majority of Greek voters are in favor of staying in the Euro, so long as the austerity is reduced.
    -
    Hollande will make another effort this week at the European Monetary Union heads of state meeting to push for Eurobonds, as one way to implement this bailout plan.  Merkel will likely oppose and block this latest Eurobond argument.  The total amount of assets on the books of the US Federal Reserve and the European Central Bank fall far short of the currently estimated 4 trillion euro liability of the European private banks.
    -
    This was the single-most important decision taken at the G-8 meeting, and it was a deeply flawed decision that will have severe consequences.  For Obama, the crucial question is:  Will the consequences hit before or after the November elections in the United States?  This may be the deciding factor in the outcome of those elections.
    -
    Russia’s Presence in Camp David and Chicago
    On May 14, Russia’s Prime Minister Medvedev delivered a speech at an international law conference in St. Petersburg, Russia, just before departing for Camp David.  In his speech, he announced the “Putin Doctrine,” opposing any attempts to use humanitarian intervention pretexts to violate the national sovereignty of any nation.  U.S. Attorney General Eric Holder was seated on the podium behind him when he delivered these remarks.  Medvedev went so far as to say that the attempt to carry out humanitarian interventions without the prior full consent of the United Nations Security Council could lead to regional wars, and, ultimately could lead to thermonuclear conflict.
    -
    The U.S. government was not surprised at the Medvedev speech, because Russian ambassadors around the world had been instructed to inform the host governments of the new “Putin Doctrine” of the inviolability of national sovereignty and the threat posed to the world order by attempts to violate that principle.  Russia would organize resistance to any such efforts.
    -
    At a conference in Moscow on May 3, top Russian government officials, including the Chief of the General Staff Makarov, had warned that NATO’s decision to move ahead with the deployment of the European Missile Defense System could also drive Russia to launch pre-emptive attacks on components of the system, during a later stage when it would pose a threat to Russia’s second nuclear strike capabilities.
    -
    These two pointed warnings from Russia resonated at both the G-8 and NATO summit meetings, particularly since President Putin had told President Obama in a telephone conversation soon after the Moscow conference that he would not be attending the G-8 meeting, but would be sending Medvedev instead.  The location of the G-8 meeting had been changed from Chicago to Camp David, after the cancellation of the NATO-Russia Council meeting, due to the conflict over the missile defense deployment in Europe.
    -
    As the result of the stark Russian warnings, there were two concessions made during the G-8 and NATO meetings.  The language of the G-8 communique regarding Syria was altered to remove any implicit calls for regime change against the Assad government.  At NATO, there was  recognition that Russia has objections to the missile defense deployment, and that there will be efforts to reconcile those differences in negotiations that are already underway, between trusted Russian and American intermediaries.
    -
    However, another issue came up at the Chicago NATO meeting, at the initiative of David Cameron and with the full support of President Obama, which will emerge as a major controversy on both sides of the Atlantic.  In May 2010, British Prime Minister David Cameron ordered a full strategic review of Britain’s military forces and doctrine.  A year later, in April 2011, President Obama ordered the same kind of study.  At Chicago, Cameron and Obama pushed for a similar NATO assessment study.  The purpose is to present the case that NATO must be able to move more swiftly, particularly in cases of humanitarian interventions, without the delay of formal approval by the 28 parliaments of the 28 NATO member countries.  In other words, NATO should have its own military assets and should be free to take action without approval of the sovereign parliaments, if the NATO heads of state reach a unanimous agreement.
    -
    This is a dangerous erosion of the sovereignty of all NATO countries, and will meet with serious opposition, once the implications of this move are fully understood.  There will be serious resistance in the US Congress from both Democrats and Republicans.
    -
    This will also come in conflict with the new “Putin Doctrine” of Russia because it is indicative of further NATO “humanitarian interventionism” plans, based on last year’s Libya intervention.
    -
    read more!

end

May 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Comments Off

« Previous Entries    

Follow

Get every new post delivered to your Inbox.

Join 501 other followers