Socio-Economics History Blog

Socio-Economics & History Commentary

Manufacturing A President with Journalist Wayne Madsen!

July 5, 2012 Posted by | GeoPolitics | , , , , , , , , | Comments Off

Central Bank Fireworks Are Just Around The Corner!

  • Central Bank Fireworks Are Just Around The Corner! 
    by www.kingworldnews.com
    Today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to let readers know what to expect from central planners around the world.  He also discussed the sagging global economy and much more.  Here is Pento’s piece:  “The plunging ISM manufacturing data in the U.S. forebodes a GDP growth rate of just about 1%, and crumbling global PMI manufacturing data indicates worldwide growth retreated to just 2%.  There is a deepening recession in the EU (17) countries, while emerging market economic growth has collapsed.”

    “In Brazil, for example, GDP growth fell from 7.5% in 2010 to just 2% today.  It isn’t much of a surprise to learn that central banks in China, Britain, Europe and America have indicated that more money printing is just around the corner.  But one has to wonder how effective more money printing will be when interest rates are already at rock bottom. A central bank’s stock and trade is to engage in a legalized form of counterfeiting….
    -
    read more!

end

July 5, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off

Cameron Slams Door on Troubled States, Flouts EU Free Flow!

July 5, 2012 Posted by | Economics, Social Trends | , , , , , , | Comments Off

Saudi Arabia, Qatar Funnel Arms To Gangs in Syria!

July 5, 2012 Posted by | GeoPolitics | , , , , , | Comments Off

CrossTalk: Iraq Meltdown!

July 5, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off

Keiser Technique for Financial Criminals!

July 5, 2012 Posted by | Economics | , , , , , | Comments Off

Turd Ferguson: LIBOR is Manipulated & Silver Isn’t? Are You Kidding Me? The Rest of the Bullion Bank Cartel has Turned on JP Morgan!

July 5, 2012 Posted by | Economics | , , , , , , , , | Comments Off

The Bolshevik Jews Behind The Deaths of 40+ Millions During The Communist Revolution!

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

July 5, 2012 Posted by | History | , , , , , | Comments Off

West Must Condemn Israeli Barbarism! Terrorizing Palestinian Population!

  • YouTube 
    Human rights group B’Tselem has uploaded a video showing Israeli police officers brutally attacking a Palestinian child, providing more evidence of Israeli violence against Palestinian children.
    -
    The video shows a border policeman apprehending a nine-year-old boy, identified as Abd al-Rahman Burkan, and knocking him to the ground while the child shouts, near the Ibrahimi Mosque in the city of al-Khalil (Hebron) in the south of the occupied West Bank on June 29.
    -
    A second policeman is then seen approaching the child and kicking him.
    Press TV has conducted an interview with Bruce Katz, president of Palestinian and Jewish Unity, to further discuss the issue.

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

July 5, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Comments Off

Spiegel: The Euro Endangers German Economy!

Containers at the port of Hamburg. Worrying indicators for the German economy are mounting. Source: http://www.spiegel.de

  • The Euro Endangers German Economy! 
    by http://www.spiegel.de/
    ‘Fear and Uncertainty’
    The common currency union was supposed to benefit the economy of the entire European Union. Now that the euro is struggling, however, it is bringing growth down with it. Germany’s economy, once seemingly immune to the crisis, is now facing mounting difficulties. By SPIEGEL Staff
    -
    When the board of Commerzbank met last Tuesday, Stefan Otto was supposed to make an appearance. The chairman of Deutsche Schiffsbank, a Commerzbank subsidiary based in Hamburg that is focused on the shipping industry, had been summoned to Frankfurt to present the bank’s financial results. But the presentation was cancelled; Commerzbank had no need for the numbers, having previously decided it no longer wanted anything to do with German shipping.
    -
    The executive board of Deutsche Schiffsbank was not notified in advance of the parent company’s reversal. The supervisory board was also taken by surprise. Only three months earlier, Commerzbank CEO Martin Blessing had declared the financing of ships and commercial real estate to be part of the bank’s core business. And although it was expected to shrink, Germany’s second-largest bank intended to create a separate segment for the business.
    -
    But the executives had underestimated the risks that the European sovereign debt crisis presents to Commerzbank, and how much capital the ship and commercial real estate business ties up. Now Blessing has slammed on the brakes. Deutsche Schiffsbank Chairman Otto characterized the parent company’s about-face as the “decision of a cautious businessman and not of a skydiver.”
    -
    Commerzbank has recently made a huge effort to satisfy and even exceed the capital requirements set by the European Banking Authority (EBA). But if the euro crisis worsens, new gaps could soon open up, say banking industry insiders.
    -
    Potential Defaults
    In Spain alone, Commerzbank is exposed to the tune of €14.2 billion ($17.9 billion) via investments in banks, companies and the government. The lower the rating agencies assess the creditworthiness of these borrowers, the more capital the bank will have to place in reserve for these investments in the future — to say nothing of potential defaults.

    -
    read more!

end

July 5, 2012 Posted by | Economics | , , , , , , , | Comments Off

Nigel Farage: Euro Crisis Breakthrough Breakdown!

  • Euro Crisis Breakthrough BreakdownNigel Farage! 
    European Parliament, Strasbourg, 3 July 2012
    • Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament – http://nigelfaragemep.co.uk
    • Debate: Conclusions of the European Council meeting (28-29 June 2012) European Council and Commission statements [2011/2923(RSP)]
    http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&refer…
    -

    Transcript:
    “Well, that is the 19th crisis summit that Mr Cameron has been to. As The Rolling Stones might say “The 19th Nervous Breakdown.” And that’s reflected I think by the funereal mood in the chamber this morning.
    -

    Yes on that Friday morning, “breakthrough” was cried, and indeed Mr Van Rompuy parroted the word this morning, “breakthrough”. Nobody believes you, the wheels are coming off. This new European Stability Mechanism, your new bailout vehicle is doomed before it starts. We have legal challenges in Ireland and in Germany. We have the Estonian Justice Minister saying it won’t fit their Constitution.
    -

    But most fun of all, the Finns and the Dutch seem to have broken the agreement that was made in the middle of the night. Perhaps they were excluded from this, perhaps the little countries don’t have a say in Europe at all anymore. It’s not credible, and I think the euro crisis now looks to me to be, frankly, insoluble.
    -

    And there’s also a massive crisis of leadership – it is lovely to see you Mr Van Rompuy, you’ve not been here for many months. It’s delightful to have you back. The last time you were here, you told us we had turned the corner, that the worst of the crisis was over and with every one of your predictions it goes on getting worse.
    -

    I’m sorry Sir, you don’t have the presence, the credibility or the standing for the International markets to believe that you can provide a solution.
    And Mr Barroso here at the G20, when he stood up at the press conference and said. ‘We don’t need any lessons in democracy,’ said the unelected President of the European Commission.
    -

    You went on to say that the Eurozone’s problems had been caused by unorthodox practices in North America. You’ve made yourselves an international laughing stock. You don’t have any credibility, but one piece of helpful advice from me – Don’t this summer go on any billionaire’s yachts on extended holidays because the markets guarantee we’ll all be back here in August. Thank you.”

end

July 5, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off

UK’s Borders ‘Will Be Closed’ To Refugees From Greece And Other Failing Countries If Eurozone Collapses!

Aug-Oct 2012 ??

  • The Eurozone collapse is coming! Aug-Oct 2012??
    -
    UK’s borders ‘will be closed’ to refugees from Greece and other failing countries if eurozone collapses! 
    By Tim Shipman, http://www.dailymail.co.uk/ 
    David Cameron will close Britain’s borders to EU citizens if the Euro collapses. The Prime Minister said he is prepared to ban refugees from Greece and other failing economies from flooding the UK.
    -
    Mr Cameron has been told that he can make use of extraordinary legal powers to close the doors to European migrants who immigration officers cannot usually prevent coming to Britain. The PM went further than any other minister before in revealing details of the government’s contingency plans for the collapse of the single currency when he appeared at the Commons liaison committee.
    -
    He told the panel of senior MPs he would do “whatever it takes” to protect the UK and avoid a huge influx of migrants at a time of economic collapse and banking crisis. Mr Cameron said: ‘The legal position is that if there are extraordinary stresses and strains it is possible to take action to restrict migratory flows. But obviously we hope that does not happen.’
    -
    Pressed on whether he was ready to tighten border restrictions for troubled states such as Greece, he added: ‘I would be prepared to do whatever it takes to keep our country safe, to keep our banking system strong, to keep our economy robust. ‘At the end of the day as prime minister that is your personal and moral duty. ‘I hope it wouldn’t come to that but as I understand it the legal powers are available if there are particular stresses and strains. ‘You have to plan, you have to have contingencies, you have to be ready for anything with so much uncertainty in our world.’
    -
    read more!

end

July 5, 2012 Posted by | Economics, Social Trends | , , , , , , | Comments Off

The Bank of England Told Us To Do It, Claims Barclays!

-

  • Illuminist bankster sharks are going at each other’s throats. The western financial system is collapsing. The western Illuminati knows that their global economic, financial and monetary hegemony is under severe threat. As in the past, they will attempt to start a World War to cover their tracks, distract the sheeple, kill off their enemies, confront China and Russia for world dominion …etc. They will not let go of their global hegemony without a fight.
    -
    The Bank of England told us to do it, claims Barclays! 
    By Robert Winnett, http://www.telegraph.co.uk/ 
    The Deputy Governor of the Bank of England encouraged Barclays to try to lower interest rates after coming under pressure from senior members of the last Labour government, documents have disclosed.
    -
    A memo published by Barclays suggested that Paul Tucker gave a hint to Bob   Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered. His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states.
    -
    Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.
    -
    The bank claimed yesterday that one of its most senior executives cut the Libor rate only at the height of the credit crisis after intervention from the Bank of England. The memo, written on Oct 29, 2008, by Mr Diamond and circulated to two other senior bank officials, said: “Mr Tucker reiterated that he had received calls from a number of senior figures within Whitehall to question why Barclays was always toward the top end of the Libor pricing.”
    -
    read more!

end

July 5, 2012 Posted by | Economics | , , , , , , | Comments Off

JPMorgan Probed Over Potential Power-Market Manipulation!

  • JP Morgue and Goldman Sucks are Illuminist banks owned by the 13 Satanic bloodlines! They are the major shareholders of the FedRes and other privately owned central banks. These Illuminist banksters own the governments of the western world.
    -
    JPMorgan Probed Over Potential Power-Market Manipulation! 
    By Katarzyna Klimasinska and Dawn Kopecki, http://www.bloomberg.com/
    JPMorgan Chase & Co. (JPM)’s refusal to turn over e-mails in a federal probe of potential energy-market manipulation is the latest challenge for Chief Executive OfficerJamie Dimon as the bank faces multiple investigations.
    -
    The U.S. Federal Energy Regulatory Commission sued JPMorgan July 2 to release 25 e-mails in an investigation of possible manipulation of power markets in California and the Midwest by J.P. Morgan Ventures Energy Corp., according to court filings by the Washington-based agency. FERC opened the probe in August after complaints from California and Midwest grid operators that JPMorgan’s bidding practices were abusive, the documents show.
    -
    “He’s got a PR nightmare in front of him,” said Paul Miller, a former examiner for the Federal Reserve Bank of Philadelphia and analyst at FBR Capital Markets in Arlington, Virginia. “It’s another headline risk, which means more regulators, which means over-regulation, which will eventually hit their bottom line.”
    -
    The largest U.S. bank is struggling to maintain its image as risk-averse and well-managed after reporting a $2 billion loss in a London unit that Dimon said “violated common sense.”Dimon, 56, has said that the loss may grow to $3 billion or more. Analysts including Charles Peabody at Portales Partners LLC in New York estimate it at about $5 billion. The Securities and Exchange Commission and U.S. Justice Department are among agencies investigating the cause of the loss as well as the company’s public disclosures.
    -
    Libor Probe
    JPMorgan, Citigroup Inc. and Bank of America Corp. may get stung also by an international investigation into an attempt by banks in the U.K. and U.S. to rig the London interbank offered rate, called Libor. London-based Barclays (BARC) Plc was fined 290 million pounds ($455 million) and its top three executives, including CEO Robert Diamond, said they would step down.
    -
    “There is a heightened possibility of scrutiny after recent events at Barclays,” Mike Mayo, an analyst at CLSA Ltd. in New York, wrote in a July 2 research note. The banks face risks of fines, lawsuits, negative news and new regulations, according to Mayo’s note.
    -
    read more!

end

July 5, 2012 Posted by | Economics | , , , , , | Comments Off

LIEBorGate: It’s Over for The Banking Cabal ?!

July 5, 2012 Posted by | Economics | , , , , , | Comments Off

Follow

Get every new post delivered to your Inbox.

Join 505 other followers