Turkey Scrambles F-16s On Syria Border As US Intelligence Says Syrian Story Was Correct All Along!
- It appears there are still many patriots in the intelligence community who do not want to see the Illuminist politician snakes lead America into an unnecessary world war!
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Turkey Scrambles F-16s On Syria Border As US Intelligence Says Syrian Story Was Correct All Along!
by Tyler Durden, www.zerohedge.com
Last week’s false flag story of baseless Middle Eastern provocation refuses to go away. Even after, in a shocking turn of events, US intelligence confirmed this weekend that Syria’s version of events surrounding the downed Turkish F-4 jet story was the right one all along, pulling the media narrative rug right from under Hillary Clinton’s provocative feet (and making others wonder just which country is the only one that stands to benefit of NATO does pull Article 4 or 5 and does invade Syria on now invalidated and false premises), today we read that Turkey continues to try to escalate. From the BBC: “Turkey has scrambled six F-16 fighters jets near its border with Syria after Syrian helicopters came close to the border, the country’s army says. A total of six jets were sent to the area in response to three such incidents on Sunday, although there was no border violation, the Reuters news agency quoted the statement saying.
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On Friday, Turkey said it had begun deploying rocket launchers and anti-aircraft guns along the border in response to the downing of its F-4 Phantom jet.” Of course, without an actual confirmed provocation, such as the one Turkey itself pulled against Syria, it is left with the same media rhetoric that continues to expose just one side of the Syrian story – the Western media spun one. “Turkey has strongly criticised Syria’s response to the 16-month anti-government uprising, which has seen more than 30,000 Syrian refugees enter Turkey.” Fair enough, we do however wonder what Syria would say about Turkey’s treatment of Kurdish minorities. Finally, confirmation that just as we first suggested two weeks, this whole incident has been nothing but a provocation stage test to get NATO involved without any of the facts being on the table, comes from no other source than US military intelligence.
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Harley Schlanger: ‘We’re About To Have The Most Devastating COLLAPSE in World History’!
- MUST HEAR: ‘We’re About to Have the Most Devastating COLLAPSE in World History’
by http://sgtreport.com/
Greetings friends. This is a MUST LISTEN interview with Harley Schlanger the national spokesman for the LaRouche Organization. I’ve been wanting to interview the LaRouche folks because LaRouchePAC is taking courageous positions based in truth, speaking out against this criminal government and trying hard to present immediate solutions.
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Harley says “Obama MUST be impeached NOW… An interlocking Board of Directors controls EVERY cartel; Banking, Oil, Strategic metals, Grains, and so on. Right now even the Rothschilds are being bailed out… The whole Trans Atlantic financial system is more bankrupt now than it was when Lehman collapsed in 2008. In Part 2 Harley says, “We are about to have the most devastating collapse in world history, of the whole global financial system… If we don’t do something to stop this, we’re going to lose EVERYTHING. We’re going to have either hyperinflation or an implosion of the banking system which will reduce the value of the Euro and the Dollar to nothing.” If you close your eyes, you’d swear this man was a Libertarian.
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UK Report Finds IDF Tortures Palestinian Children!
Genocide and Ethnic Cleansing by Zionist ’666′ Israel !!!
- UK report finds IDF tortures Palestinian children!
by http://www.rt.com/
British lawyers have lodged a complaint at the UN against Israel for allegedly torturing Palestinian children. Their report showed youngsters held in solitary confinement and shackled while in the custody of the Israeli military.
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This is considered torture and in breach of the United Nations Convention on the Rights of the Child. A report funded by the UK Foreign Office claims Palestinian youths are routinely abused by Israeli authorities. A delegation of nine British lawyers revealed how Palestinians as young as 12 are treated when arrested and in Israeli custody. They spoke to UN agencies, former Israeli soldiers, Palestinian and Israeli NGOs and Palestinian children.
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The report – Children in Military Custody – found that children are arrested by a number of soldiers normally in a night raid on their homes; they are then blindfolded with their wrists bound and transported to an interrogation centre face down on the floor of military vehicles.
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“The majority are verbally and physically abused, without being informed of their right to see a lawyer or of their right to silence. They are sometimes held in solitary confinement and made to sign statements they can’t read because they are written in Hebrew,” the report says.
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If Children are held for long periods in solitary confinement it is regarded as torture by the UN and is in breach of the United Nations Convention on the Rights of the Child.
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Greg Davies, a children’s rights barrister, who compiled and wrote the report told RT, “the weight of evidence in favour of these allegations is considerable and complaints have been lodged at the UN”.
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Once in custody children have limited access to education and extremely restricted access to their family. “Every year Palestinian children are traumatised, sometimes irreversibly” the report states.
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But Davies was told by Israeli military judges that Palestinian children are actually committing crimes so they end up in prison and get lessons, whereas the Palestinians, the UN and Israeli and Palestinian NGO’s claim that in most prisons the Israelis don’t provide children with any education. “Palestinian children receive such a high standard of education that they have been known to offend just to access it,” the judges said.
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“We didn’t look at evidence of social and psychiatric harm to children, but I know there is a raft of evidence in relation to that,” Davies explained to RT. A recent report by Save the Children found that Palestinian kids were suffering serious trauma as a result of the Israeli military occupation.
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“When you look at the trauma that would be caused by arrest in the middle of the night or being dumped at the prison gates [after interrogation] with no one knowing you were there then it would be very difficult as a child not to suffer psychological damage,” Davies said.
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Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
- The 13th Tribe of Khazaria! Ashkenazi Khazars Are Not The Jews of The Bible!
If almost 98% of JEWS we know today are NOT semitic, wouldn’t the term ANTI-SEMITIC be null and void? I made this video with 3 Jewish friends who admit they are not Semites!!!!
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“Many [modern-day Jews] of whom have clamored to go back [to Palestine] NEVER had antecedents [physical ancestors] in that part of the world …. The OVERWHELMING majority of Jews are descendants from the converts of Khazaria and elsewhere who ADOPTED Judaism…. This VIEW of the NON-ethnicity of the largest portion of Jewry IS SUSTAINED by such prominent anthropologists as Ripley, Weissenberg, Hertz, Boas, Pittard, Fishberg, Mead and others. . “
- Dr. Alfred M. Lilienthal
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“… Though many Jews are NOT of Semitic origin, we are the religious, spiritual, and national [but NOT genetic] descendants of those who first formed the early foundations of Judaism who were Semites”
- Rabbi Cyril A. Stanway in “Viewpoints,” Thursday, November 8, 1990, in the Sun-News (Las Cruces, New Mexico)
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“. . these Eastern European, Yiddish-speaking Jews who form the Zionist group practically in toto [almost entirely], have NEITHER a geographic, historic NOR ethnic connection with either the Jews [Israelite Judahites] of the Old Testament OR the land known today as Palestine. “
- Jewish Dr. Benjamin H. Freedman, published by the National Economic Council, Inc. as “Council Letter No. 177 (October 15, 1947)
- - Modern Judaism is not the religion of the Bible! See here!
- Modern Ashkenazi Jews are not the Jews of the Bible! God’s covenant was with Abraham and his biological descendents. Ashkenazi Jews are not semitic and their ancestors were never in Palestine. They are not the descendents of Abraham/Isaac/Israel. They have no right to stay in Palestine. What the Zionists are doing to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is not the Israel of the Bible! It is a LIE!
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1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.” (1980 Jewish Almanac, p. 3)
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The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
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The American Peoples Encyclopedia … for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
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According to the standard Jewish Encyclopedia 96% of all the Jews known to the world today are descendents of the Khazar tribes of Russia, Eastern Europe and western Mongolia.
- - The Bible specifically forbids the ill-treatment of people different from us ie: strangers. What Zionist ’666′ Israel does to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is in total violation of God’s law!
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Exodus 22:21
“You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
Exodus 23:9
“Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
Leviticus 19:33
‘And if a stranger dwells with you in your land, you shall not mistreat him.’
Leviticus 19:34
The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.
Leviticus 23:22
‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’
Leviticus 24:22
You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.
Ezekiel 47:22-23
22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.
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The so-called Star of David is a Satanic symbol. Satanists and occult practitioners use it for calling Satan and demons!
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Former Satanist, Bill Schnoebelen (now born again Christian)
“A hexagram must be present to call forth a demon” and ” it is a very powerful tool to invoke Satan”. – “To the sorcerer, the hexagram is a powerful tool to invoke Satan.” In fact, the word “hex” — as to put a “hex” or “curse” on people — comes from this word. – If you examine the so-called “Star of David,” or hexagram, closely, you will discover something astonishing. It has six points, forms six equilateral triangles, and in its interior forms a six sided hexagon — thus it reveals the number of Satan’ antichrist beast, — 6 points, 6 triangles, and the 6 sides of the hexagram — 666 !!!
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History of The “Six Million” Myth!
Bolshevik Jews Plotted The Ukrainian Holocaust!
The Jewish Genocide of 1.4+ Million Armenian Christians!
The Bolshevik Jews Behind The Deaths of 40+ Millions During The Communist Revolution!
YNET Israel News: Stalin’s Jews. We Mustn’t Forget That Some of Greatest Murderers of Modern Times Were Jewish!
Bolshevik Jews Plotted The Ukrainian Holocaust!
Mark Weber: The Jewish Role in the Bolshevik Revolution and Russia’s Early Soviet Regime! During Which 20+ Million Russians Died !
The Hidden History of Jewish Bolshevism & Freemasonry! How Masonic Wall Street Banksters Financed The Communist Revolution Which Killed Over 100 Million People!
Mark Weber: Wilhelm Höttl And The Elusive ‘Six Million’! Part 2 – How Many Jews Died?
Ashkenazi Khazars (90+% of modern Jewry) are not the Jews of the Bible!
Benjamin Freedman: Ashkenazi Khazars Self Style “Jews” Are Not Semitic And Not The Biological Descendents of The 12 Tribes of Israel !
The 2002 Jenin Holocaust of Palestinians By Zionist ’666′ Israel !
Deir Yassin Remembered ! The 1948 Holocaust of Palestinians by Zionist ’666′ Israel !
Jewish Historian Ilan Pappe: History of Zionism – Genocide And Ethnic Cleansing of Palestine!
Jenin Massacre
Jewish Historian Teddy Katz: 1948 Tantura Massacre of Palestinians! Genocide And Ethnic Cleansing!
Zionist ’666′ Israeli Apartheid and The Nakba!
Forget Deir Yassin: Its Victims Were “Unworthy”! The Holocaust of Palestinians by Zionist ’666′ Israel !
Holocaustianity: Zionism’s Big Lie!
Texe Marrs: Conspiracy of The 6 Pointed Star!
Repost: Holocaust, Hate Speech & Were the Germans so Stupid?
Jack Bernstein: The Life of an American Jew in Racist Marxist Israel !
Peace, Propaganda & The Promised Land ! US Media And The Israeli-Palestinian Conflict!
’666′ Star of David, Satanic Curse / Hex(agram) On Humanity! Occult Symbol.
The Historical Truth About Auschwitz!
Jewish Estimate Sees Number of Holocaust Dead Drop To 2.8 Million!
Fred Leuchter: The End of The Auschwitz Gas Chambers Myth!
Fred A. Leuchter, Jr.: Inside the Auschwitz ‘Gas Chambers’!
The Rudolf Report: Expert Report on Chemical and Technical Aspects of the ‘Gas Chambers’ of Auschwitz!
Barbara Kulaszka: What is ‘Holocaust Denial’?
How Many Died At Auschwitz?
How the Illuminati Manipulates Jews!
Hitler Was A Rothschild Jew?!
Norman Finkelstein on Zionism And The Holocaust Industry!
Holocaust Denier Death, Mossad Linked. How Many Jews Died in the German Concentration Camps?
Gideon Levy: Ethnic Cleansing of Palestinians, Or, Democratic Israel At Work?!
Israel Admits It Covertly Canceled Residency Status of 140,000 Palestinians!
Flashback 1990: Holocaust Expert Rejects Charge That Nazis Made Soap From Jews!
“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” - from 4:22 onwards
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Lyndon LaRouche: The Immediate Chain-Reaction Collapse of The Principal Nations of The Trans-Atlantic Region of The World ! We Are Now Living on The Brink of Hell !
- Emphasis mine:
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To Leading Institutions of the Relevant Governments of the Trans-Atlantic Nations!
by Lyndon LaRouche, http://larouchepac.com/
This Statement is Available as a Leaflet
At this moment, the principal national governments and related leading financial institutions of the trans-Atlantic world, most notably the United States, the United Kingdom, and France, are each expressing an immediate need for rescuing what they proclaim as the unpayable debts of the nations and leading, and hopelessly bankrupt presently private banking and related financial systems of their respective nations, and yet refuse to tolerate the only means by which those nations will not disintegrate almost immediately, without a U.S.A. initiative for the immediate fulfillment of a Glass-Steagall rescue of the financial systems of the relevant regions of the planet.
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Yet the same financial and governmental institutions, who have no ability to rescue the financial systems of their respective nations and related key private institutions, are demanding actions which would detonate the principal financial and governmental institutions of their respective areas of the planet, and prohibiting the only actions which could prevent a virtually immediate chain-reaction collapse of the principal nations of the trans-Atlantic region of the world.
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The only certainty in such behavior by those governments and related institutions of this trans-Atlantic region, is that the relevant institutions must be collectively insane, or that a monstrous lie is behind the mass-murderous lunacy which the current “bail-out” schemes define. The residue of the population are intended to be the victims of a scheme of mass murder far beyond that charged against the defeated Nazi regime.
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Or else the relevant parties are simply clinically insane, and must be removed immediately from power on that account.
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Big Banks Have Become Mafia-Style Criminal Enterprises!
- Big Banks Have Become Mafia-Style Criminal Enterprises!
by http://www.washingtonsblog.com/
Banks Conspire to Fleece the Public
Two stories this week prove once again that the big banks are literally criminal enterprises. Initially, all of the big banks have engaged in Mafia-style “bid-rigging” of municipal bonds, to bilk money from every city in the nation … to the collective tune of tens billions of dollars.
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And Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, Bank of America, UBS, Royal Bank of Scotland – manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.
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And see this. That means they manipulated a good chunk of the world economy. Other recent stories also show criminal fraud as well. For example, the big banks have been cheating homeowners … especially veterans.
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And as Max Keiser explains, banking giants Mellon and State Street shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide (see top of post).
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(Details here, here, here, here, here, here, here, here, here, here, here.)
Indeed, the entire business model of the big banks is fraud. See this, this, this, this, this and this.
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Fraud caused the 1930s Depression and the current financial crisis.
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Regulators Have Become “Cops On the Take”
There’s no recovery because the government made it official policy not to prosecute fraud (and see this, this, this, and this). Unfortunately, the cop is on the take … and the government’s only actions are to cover up the fraud and to leave the people holding the bag.
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Swiss & Austrian Banking Clients Expect Collapse of Euro Zone, Move into Cash!
Collapse is coming!
- Swiss & Austrian Banking Clients Expect Collapse of Euro Zone, Move into Cash!
by http://silvervigilante.com/
Waiting on the sidelines still, despite agreements forged at the EU summit , are Austrian and Swiss banking clients, who have moved away from stocks and bonds, etc. in favor of cash-heavy positions, most likely in anticipation of either stock selloffs or, even, a collapse of the Euro altogether. According to the LGT group, Swiss banking clients have moved almost a third of their portfolio into cash, and one in five believe the euro will collapse. The Austrian banking company found that wealthy Swiss and Austrian private-banking clients remain averse to risk in the face of infation, sovereign debt defaults and a failing financial system.
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In Switzerland, 58 percent of private banking clients do not believe the financial system is unsustainable. Forty-four percent are worried about inflation. 22 percent believe the euro zone will collapse – the same as in Austria. Just 15 percent of Swiss and 16 percent of Austrians say the lessons have been learned from the euro crisis. The report also found that clients are reassessing diversification strategies in favor of gold, cash and home markets. The number of clients out to make more gains than the broader market has diminished.
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“Private banking clients are still being influenced in their behavior by the turmoil in the financial markets and it appears increasingly likely that this will remain the case for this generation of clients for a long time yet,” according to the report.
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Jim Rogers: Financial ‘Armageddon’ Will Happen Despite EU Deal !
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Financial ‘Armageddon’ Will Happen Despite EU Deal: Rogers!
By: Ansuya Harjani , http://www.cnbc.com/
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
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“Just because now you have a way to get them (the banks) to borrow even more money, this is not solving the problem, this is making the problem worse,” Rogers said on Friday.
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“People need to stop spending money they don’t have. The solution to too much debt is not more debt. All this little agreement does is give them (banks) a chance to have even more debt for a while longer,” he added.
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After negotiating late into the night, European policymakers agreed on Friday morning that the bloc’s bailout fund, the European Stability Mechanism (ESM), would be able to lend directly to recapitalize banks without increasing a country’s budget deficit, and without preferential seniority status.
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Summit leaders also agreed that euro area rescue funds could also be used to stabilize bond markets without forcing countries that comply with EU budget rules to adopt extra austerity measures or economic reforms.
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Countries such as Spain and Italy have been burdened with sky-high borrowing costs – levels seen as unsustainable for governments in the long term.
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Rogers argues that the deal does not improve the solvency of indebted nations such as Spain. Spain’s central government budget deficit has soared to 3.41 percent of GDP in the first five months of 2012, above the EU limit of 3 percent. He adds that the governments need to stop coming to the rescue of failing banks, even if it results in “financial Armageddon.”
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SWIFT Threat By US Turns Out To Be Dollar’s Achilles Heel !
It is coming soon!
- The threat of locking countries out of the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system has backfired. The SWIFT system is used in all transfer of funds between countries’ banking system. America by threatening to lock out countries not in compliance with their wishes on Iran has galvanized China and its partners into setting up an alternative system. SWIFT is a part of the Illuminist global financial and monetary (USD) hegemony. With an alternate international trade settlement mechanism in place, the USD will no longer be the world reserve currency for long. Gold is returning to the global monetary system and is increasingly being used for trade settlement!
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Not so SWIFT! June 27th?
by Bill H., via http://www.jsmineset.com/
To all; the U.S. “blinked” yesterday by granting China (and others) a 6 month extension of “sanctions” being levied for trading with Iran. Sanctions were scheduled to begin yesterday where anyone trading for oil with Iran were supposed to be locked out of the SWIFT payment transfer system. http://freebeacon.com/obama-admin-gives-china-sanctions-pass/ I wrote maybe 2 month ago that “locking the world out” of the SWIFT system was akin to playing Russian roulette with all 6 chambers loaded. China has been quite busy over recent months making deals with their major trading partners to make trade settlement in Yuan or in their trading partner’s currency to ensure that SWIFT cut off would not stop trade.
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This really is big news folks because what started out as a “threat” by the U.S. has turned out to be an expose’ of the Dollar’s Achilles heel. Yes I am sure that China’s trade would have been disrupted to some extent but the decline in demand for Dollars would (and will in the future) have torpedoed the Dollar unlike any event seen before. This “blink” shows that our fearless leaders finally have figured out the errors of their logic, what would have been a broken leg or arm requiring maybe 6 weeks to heal for China turns out to not be worth pointing a fully loaded gun at our own heads.
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So we didn’t pull the trigger so all is well, right? No, the damage is done and our bluff was called, this rabbit is not going back into the hat no matter how hard we try. The SWIFT system has already been “skirted” by multiple side deals where countries plan to settle in their own currencies. This is the same thing as when a banking system actually goes down, yes trade and business slows but deals are still made and settled in barter. I don’t know what the logic was that excluding anyone from the SWIFT system was such a big stick but it surely isn’t and now can no longer used for any leverage. While China was touring the globe and doing deals (buying up resources), they were making these alternative settlement deals AND just so happened to purchase the LME which, oh by the way, will be moved to Hong Kong.
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I do want to mention something that was questioned and even laughed at for months now, June 27th. Does this day ring a bell? June 27th was the day that Jim Sinclair said would be an inflection point for the Dollar where the world would be changed forever. Well, the 27th came and went, yet to the average snoozer and probably most of the whiners who wrote in, in total panic to Mr. Sinclair, the world is still here and nothing has changed. Well, the world has changed and the U.S. no longer has the financial big stick called “SWIFT” to wield, we wasted it and it now resembles wet spaghetti! Is the Euro up because Europe has figured out how to “save itself? Did they really come up with a plan? No, the one minor detail as it always is and has been is, “where is the money coming from”. Coincidence that Gold is up $50 today? I think not, Gold is depressed yes and deserves a wicked bounce, that is the nature of cycles but I find it very hard to believe that Gold is “up because Europe is not going to collapse”. First off, if Europe does collapse in a heap, Gold will explode in value as Euro capital will accrue into Gold’s value. I personally think that Gold’s move today is in response to the Dollar’s Achilles heel being exposed.
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Was Jim Sinclair correct about June 27th? I think that this time he has split the many of his previous bullseye calls right down the center like Robin Hood. His $1,650 Gold call was off by a whopping 6 months even though he made the call 9 years earlier! This time he missed by a day because it took roughly 24 hours for the world to figure out that the “SWIFT bluff” not only turned out to be a bluff but turns out to be a MAJOR shift in power from West to East. China no longer needs the SWIFT system yet we HAVE to have it to create (false) Dollar demand. This, while at the same time COMEX is losing it’s importance as the LME moves to Hong Kong with contracts that can be trusted.
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BOE MPC Expected To Launch £50Bn QE !
- The idea that economic growth comes about by printing money is nonsensical. If QE, creating money out of thin air, works I would be the first to vote for it. Heck, they should create 1 million dollars for each man, women, child and their pet dog. QE is simply more debts, more debt enslavement of the sheeple. Fact is: after £325Bn of QE, UK is still in a deep rut.
- - Obviously, it has not work. The Illuminist central banksters would like us to believe in their economic hocus pocus, market rigging, manipulation of interest rates, sham statistics … that they are our economic saviors. Fact is: the world has existed without central banksters for 5000+years and the economy has functioned without their interference. It is only in the past 300+ years that this cartel has operated and plunged the world into debt enslavement.
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MPC expected to launch £50bn QE!
By Angela Monaghan, http://www.telegraph.co.uk/
The Bank of England is poised to pump £50bn of fresh stimulus into the ailing economy in a bid to drive Britain out of recession.
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The Bank’s Monetary Policy Committee (MPC) is expected to vote for more bond purchases through quantitative easing (QE) when it makes its monthly decision on Thursday. It would take the total spent under the programme to £375bn.
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Additional stimulus would come against a backdrop of a recession in Britain that is deeper than initially thought, a eurozone debt crisis which continues and falling inflation.
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Michael Saunders, economist at Citigroup, said: “We expect the MPC will restart QE at the upcoming meeting, in reaction to the persistent weakness of the UK economy, easing inflation worries and ongoing European Monetary Union crisis.”
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The latest economic indicators suggest the economy may have contracted for a third successive quarter between April and June, having shrunk by 0.4pc in the fourth quarter of 2011 and by 0.3pc in the first quarter of this year.
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Iran Vows To Confront “Malicious” Embargo!
- All the talk about an Iranian nuclear threat is a red herring! It is propaganda BS used as a pretext for a coming war against Iran. Iran does not have any nuclear bombs nor a nuclear weapons program. The real nuclear threat in the Middle East is Zionist ’666′ Israel, the Satanic counterfeit, with its 400+ nuclear bombs and nuclear armed submarines!
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Iran vows to confront “malicious” embargo!
By Marcus George, http://www.reuters.com/
Iran pledged to counter the impact of a European Union oil embargo which took full effect on Sunday, saying it had built up $150 billion in foreign reserves to protect itself.
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The EU ban on crude imports is part of a push by Western countries aimed at choking Iran’s export earnings and forcing it to curb a nuclear programme they fear includes weapons development. Tehran says it has no such plan. “We are implementing programmes to counter sanctions and we will confront these malicious policies,” Mehr news agency quoted central bank governor Mahmoud Bahmani as saying.
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He said the effects of the sanctions were tough but that Iran had built up $150 billion in foreign reserves.
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The European Union banned new contracts for imports of Iranian crude in January, but allowed existing ones to continue until July 1. EU firms are also barred from transporting Iranian crude or insuring shipments under the sanctions.
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“They signal our clear determination to intensify the peaceful diplomatic pressure,” British Foreign Secretary William Hague said in a statement.
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So far, sanctions have not forced Iran into concessions on its nuclear programme – in fact it demands that they stop before it will take steps to curb uranium enrichment – and France and Britain have signaled more measures could come.
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The United States has also imposed a new round of sanctions that could punish foreign countries dealing in Iranian oil, although it gave exemptions to 20 major oil buyers that are cutting purchases. “All possible options have been planned in government to counter sanctions,” Iranian Oil Minister Rostam Qasemi said in comments on the ministry’s website. Qasemi said oil importers would be the big losers if a blockade leads to price rises.
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Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony!
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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