Investors Prepare for Euro Collapse!
Sep-Oct 2012 ??
- The world is heading for a global economic, financial and currency meltdown! The detonation will start in the PIIGS, the Euro will collapse! Major currencies: UKP, JPY, SWF …. and finally the USD will collapse. Do not buy the line that: the USD is OK! This is false! Minor fiat currencies will also go down the toilet bowl of currency debasement!
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Investors Prepare for Euro Collapse!
By Martin Hesse, http://www.spiegel.de/
Currency’s Days Seen Numbered
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.
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Otmar Issing is looks a bit tired. The former chief economist at the European Central Bank (ECB) is sitting on a barstool in a room adjoining the Frankfurt Stock Exchange. He resembles a father whose troubled teenager has fallen in with the wrong crowd. Issing is just about to explain again all the things that have gone wrong with the euro, and why the current, as yet unsuccessful efforts to save the European common currency are cause for grave concern.
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He begins with an anecdote. “Dear Otmar, congratulations on an impossible job.” That’s what the late Nobel Prize-winning American economist Milton Friedman wrote to him when Issing became a member of the ECB Executive Board. Right from the start, Friedman didn’t believe that the new currency would survive. Issing at the time saw the euro as an “experiment” that was nevertheless worth fighting for.
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Fourteen years later, Issing is still fighting long after he’s gone into retirement. But just next door on the stock exchange floor, and in other financial centers around the world, apparently a great many people believe that Friedman’s prophecy will soon be fulfilled.
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Banks, investors and companies are bracing themselves for the possibility that the euro will break up — and are thus increasing the likelihood that precisely this will happen.
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There is increasing anxiety, particularly because politicians have not managed to solve the problems. Despite all their efforts, the situation in Greece appears hopeless. Spain is in trouble and, to make matters worse, Germany’s Constitutional Court will decide in September whether the European Stability Mechanism (ESM) is even compatible with the German constitution.
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read more!
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Warning from Banking Insider: Endgame Activated ! Global Collapse & World War?! Brace for a “October-November Event”!
- Endgame Activated - Warning from V!
by Steve Quayle, http://www.stevequayle.com/
I will layout something that no else is talking about but is a big issue. That issue is the fact the Russians are irate over the Euro crisis. For you see they have had billions invested within financial institutions and instruments in the Eurozone. They are also one of Europes biggest natural gas supplier, so what do you get when all of a sudden countries in the Eurozone can’t pay their bill and the investments that you placed in Euro banks and their instruments go bust? Simple you get angry, especially when NATO is at the same time putting missile batteries at your doorstep to go along side with their dead beat attitude towards paying their bill. All viewed as aggression by the Russians.
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The Russians will cut the gas supplies, this will happen in the next few months. This has the potential to be deemed as an act of war or aggression since Europeans are used to the idea of free handouts and or footing the bill to a later date. Back in June I stated that the elites have declared the Euro a collapsed currency (Unofficially of course). I will detail a bit further what are some of the signs of collapse, while the theater of austerity and promises is played out to the masses. After a currency is deemed dead by those that have the power, once they exit the pegs that are knocked from underneath the structure look like this:
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Banks are all braced for collapse: This is happening in the Eurozone and the US as well. In fact US banks have been ordered to brace for a “October-November event” This I detailed is the “OFFICIAL” collapse of the Euro. In the US the plans were done back in 2009 not two years ago as some would surmise. This collapse plan would allow JP Morgan and Goldman Sachs to acquire Bank of American and Citigroup. Thus Post collapse there will only be two banking giants in the US, JPM and Goldman. Goldman Sachs will move to full blown retail commercial banking. Yes you read that correctly, Goldman Sachs branches in your neighborhood where you can open a checking account for the new digital currency that you will be carrying. Morgan Stanley will be killed off.
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Energy companies pulling out: Apart from the Russians and the mess they are in with the Euro, companies like Royal Dutch Shell the Largest energy company in the world has pulled out all their assets from the Euro. Exxon-Mobile and BP are soon to follow. This will accelerate the global crash even faster.
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Bank Hacks: I have told many of you to get your funds out of the accounts here is another reason why. Apart from the banking hacks that is occurring and no one is talking about, which by the way is affecting close to 200 banks worldwide. Gauss Virus that is supposedly affecting the middle east has from my sources confirmed a “Stuxnet created for the banking system” has all the hallmarks of yet another Central Bank/Intelligence Agency operation. Gauss is a beta test, a trail run. There is a more powerful version which will be unleashed right before collapse to sweep all accounts. The name of this from what I am hearing is called project APPOLYON a fitting name indeed. Will they change the name of this destroyer last minute? Maybe.
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We are in the final phases of a massive upheaval, with the Olympics distraction over for the masses, look for another distraction to fill the headlines, possible large scale regional war that has the potential to spin out of control into a full scale Global World War. With the close of the Olympics, the state of economics world wide, the elites have nothing else up their sleeves to distract the masses. War is the next made for TV movie. I just hope that it’s not as bad as I think it would be, usually it is worse.
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V.
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Philip Barton: A Return To The GOLD Standard is Inevitable!
Remember the Golden Rule: He who has the gold makes the rules!
- The GOLD standard is inevitable!
by Lars Schall, http://goldswitzerland.com/
The gold standard is absolutely inevitable
In this interview for Matterhorn Asset Management, the founder / president of The Gold Standard Institute, Philip Barton, talked with financial journalist Lars Schall about gold primarily as money, not as an investment. He thinks that in this current crisis we will see the separation of the state from money – and gold will be the measure of value.
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By Lars Schall
Philip Barton was born in Watford, England in 1946. Since 1965 he has lived in Australia, Colombia, Malaysia, the United States, and Austria. A long-time retailer and restaurateur he has also lectured, panned for gold, worked as a spray painter, hat maker, farmer, company director and investor. He has had an interest in gold going back to the 1970s. He is the founder of The Gold Standard Institute (goldstandardinstitute.com) and the editor of The Gold Standard Journal.
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Lars Schall: Mr. Barton, why is it appealing to advocate a return of the gold standard?
Philip Barton: Well, to be precise, Lars, we are not advocating a return of the gold standard, we are advocating the initiation of the gold standard, because the world has actually not for over a thousand years known a true gold standard. A gold standard means by definition that gold is the measure of value. The 19th century, which is commonly regarded as the gold standard, was not a true gold standard, it had a large fiduciary content – about 60 percent of the paper was not backed by gold. It varied from time to time, but let’s say on an average 50 percent of the circulating paper was unbacked by gold. That’s not a gold standard, that’s a paper standard. That was a far better system than we have today, but nevertheless it’s not a gold standard. So we are not advocating going back to anything, we are advocating going forward to an unadulterated gold standard.
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L.S.: Do you think this is possible?
P.B.: I not only believe it is possible, Lars, I believe it’s absolutely inevitable. Firstly, the world will return to gold, I knew that twelve years ago. And four years ago, when I founded the institute, I made it very clear to the people who came on board then that the idea wasn’t to push for a return of gold in the monetary system, that was obviously coming irrespective of what everybody did, that was going to come anyway because when paper money collapses worldwide, what else can happen, there is no other alternative; our job was to advocate an unadulterated gold standard – a specific, pure form of gold standard, if you like. So yes, I believe it is not only possible, but also absolutely inevitable.
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L.S.: How do you envision such a pure gold standard?
P.B.: It’s very interesting, until about two months or so ago, I couldn’t have answered that question without a lot of waffle, and I had that blinding realization recently, which was: before when government issued pseudo-currencies have collapsed – and a great example is the Weimar Republic, of course, as one that everybody knows – people blamed the government or von Havenstein, the German finance minister, they blamed specific governments, which is fair enough because around Germany and Austria where the inflation happened, the currencies were reasonable fine. So it wasn’t seen as a problem of governments per se, but as a problem of the German government and of von Havenstein in particular.
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This is different. In the globalized, synchronized, meshed world of paper money today, every single paper money in the world is interlinked, and I am absolutely convinced, mathematically certain, that when one goes, they’ll all go. Absolutely. And this brings us to the situation where when every single paper currencies collapses at the same time, not only has the money collapsed but surely the validity of the issuing authority has collapsed, too. And I believe for the first time in recorded history, this collapse will see the credibility of governments as organizers of the money supply brought very much into question.
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I first wrote about this in October of 2008, about what I saw as an ideal situation for the separation of the state from money. First there was the step to separate the state from church, a very good thing, and the next step will be the separation of the state from money. I actually think that we are upon that point. In this current crisis it looks very real to me that this will be the outcome.
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L.S.: Would there also be the need for a separation of private and state banking?
P.B.: If governments don’t control money in any way whatsoever, if money returns to the free market and thus to the people, governments would have no business in banking. In a free market of money, who on earth would choose to bank with a government? There would be no central bank, that kind of banking would be completely divorced automatically by the market.
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L.S.: So you’re not much of a fan of central banking?
P.B.: It would be true to say that, Lars. I don’t believe there is any space for a central bank under a system of free money.
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read more!
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World Powers Eye Emergency Food Meeting; Action Doubted !
- The Illuminists are attacking humanity. They are creating inclement weather, droughts, floods, earthquakes … using their HAARP tectonic weapons. With their global monetary hegemony they are about to drive the prices of commodities sky-high to cause famine, starvation, deaths … all for their genocidal depopulation agenda. Next in line: virulent Bird Flu.
- - The western Illuminati is fomenting social collapse, violence, destruction of national sovereignties, economic and financial collapse, wars, diseases, disasters … chaos … all in preparation for the coming of their fake messiah, the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6!
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World powers eye emergency food meeting; action doubted !
by Gus Trompiz and Nigel Hunt, http://www.reuters.com/home
(Reuters) – Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst U.S. drought in more than half a century and poor crops from the Black Sea bread basket.
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France, the United States and G20 president Mexico will hold a conference call at the end of August to consider whether an emergency international meeting is required, aiming to avoid a repetition of the food price spike that triggered riots in poorer countries in 2008.
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Yet even as the third grain surge in four years stirs new fears about food supply and inflation, many say the world’s powers are no better prepared to rein in runaway prices. Apart from a global grain database, which has yet to be launched, and the Rapid Response Forum that authorities are considering convening for the first time, the G20 has few tools.
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Instead, it must intervene through influence, perhaps urging the United States to relax its ethanol policy in response to the crisis – difficult only months before a presidential election that may be won or lost in Midwest farm states – or urging Russia not to impose an export ban, as it did two years ago.
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“Beyond words, expect little from the G20 on rising food prices,” said Simon Evenett, a former World Bank official who is now professor of international trade and economic development, University of St. Gallen, Switzerland. He described the G20′s record on trade as “feeble.”
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“With a string of broken promises on protectionism, no serious enforcement, monitoring well after the horse has bolted, and a tendency to pull their punches, any G20 promises on food trade won’t be taken seriously – by the G20 themselves or by anyone else.” The group is hindered by the widely differing views of its diverse members, split between big consumers and producers.
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A senior Brazilian government official said that only a major food crisis would raise pressure on the G20 to call for intervention in physical commodity markets, something countries such as the United States and Canada typically oppose.
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read more!
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.
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Israeli Prisons Increase Repression During Ramadan!
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 !!!
- - See also:
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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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Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
Global collapse super storm in the summer or fall of 2012?
- The short answer is: Yes! Sep-Oct 2012?? Followed by Satanic World War 3! They will blame Iran, Russia and China for the collapse and war!
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Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
by http://theeconomiccollapseblog.com/
Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either.
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Last week, it was revealed that the U.S. government has been secretly directing five of the biggest banks in America “to develop plans for staving off collapse” for the last two years. By itself, that wouldn’t be that big of a deal. But when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge. Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock, and I have been personally told that a significant number of Wall Street bankers have been shopping for “prepper properties” in rural communities this summer.
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Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition, and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society. So what does all of this mean? It could mean something or it could mean nothing. What we do know is that a financial collapse is coming at some point. Over the past 40 years, the total amount of all debt in the United States has grown from about 2 trillion dollars to nearly 55 trillion dollars. That is a recipe for financial armageddon, and it is inevitable that this gigantic bubble of debt is going to burst at some point.
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In normal times, the U.S. government does not tell major banks to “develop plans for staving off collapse”. But according to a recent Reuters article, that is apparently exactly what has been happening….
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read more!
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Attack on Iran Means Regional War, Says Ex-IDF General !
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 appears Zionist ’666′ Israel, the Satanic counterfeit, will attack Iran by October 2012. This will be the start of the Greater Middle East war and the Satanic World War 3! The Zionists-Illuminists are hell-bent on starting this war. There will be many nasty surprises in store for Zionist ’666′ Israel. It will eventually be destroyed. Many Christian sheeple will fall because they have been brought up on the lie that Zionist ’666′ Israel is the Israel of the Bible. As if God will use a Satanic ’666′ Hexagram flag to lead His people! This is nonsensical. (emphasis and remarks mine)
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Albert Pike’s Satanic World War 3 Plan
“The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…more!
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Attack on Iran Means Regional War, Says Ex-IDF General !
By Tzvi Ben Gedalyahu, http://www.israelnationalnews.com/
An Israeli military attack on Iran would ignite a regional war, former IDF Operations Commander Yisrael Ziv told Army Radio Sunday.
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Reiterating other officials’ observations that an attack cannot be compared with the aerial strike on the Iraqi nuclear reactor in 1981, Ziv said, “We are talking about a number of operations and not just one.”
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He also warned that a flood of statements from the offices of the Prime Minister and the Defense Ministry signal a “worrisome lack of security” in the government.
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Knesset Member Tzachi HaNegbi issued a public plea to politicians on Sunday to keep quiet on Iran, but pundits both in Israel and elsewhere continue to make predictions and develop analyses in the wake of the latest reports that Iran is rapidly approaching its goal of developing a nuclear warhead that can be placed on a missile aimed at Israel. (This is Zionist-Illuminists propaganda! Iran has not embarked on a nuclear weapons program.)
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Jeffrey Goldberg, writing in The Atlantic on Sunday, echoed Ziv’s warnings. “A strike could trigger an overt war without end… and an all-out missile war may escalate into something especially horrific, so in essence, Israel would be trading a theoretical war later for an actual war now,” he wrote. (Attacking Iran is the stupidest idea amongst all the genocidal Zionist ideas!)
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Goldberg listed six other reasons against an Israeli military attack, ranging from the risk of the deaths of innocent people, both Iranian and Israeli, to a possible “disaster for the U.S.-Israel relationship.” (This is a setup for US to have plausible deniability and abandon Zionist Israel. The US and NATO do not want a direct thermonuclear confrontation with Russia/China. Zionist ’666′ Israel is the deceived useful idiot sacrificed in this coming Greater Middle East war!)
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The recent escalation in warnings that Iran is rapidly approaching its unstated goal of developing a nuclear warhead, that presumably would be pointed at Israel, has been followed with analyses and predictions that cover every possibility of whether Iran nuclear capability is imminent or in the distant future.
Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony all about the coming Luciferian New World Order!
Zionists-NeoCons have been lying about Iran for the better part of 25 years!
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Belgian National Bank Governor Gets It: Bailing Out Spain “Makes No Sense”!
Guess who is winning?
- Belgian National Bank Governor Gets It: Bailing Out Spain “Makes No Sense”!
by Tyler Durden, www.zerohedge.com
A week ago we explained quite clearly why instead of encouraging self-defeating, short-termist behavior by promising to save Europe’s insolvent countries if and when needed, which does nothing to resolves Europe’s problems and make it worse in exchange for a brief respite from bond selling, the ECB should be doing precisely the opposite: encouraging local governments to understand that there is no magic bazooka from the central banks.
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Specifically we said that “this Catch 22 of confounding cause and event can continue seemingly indefinitely, although in reality it can’t. Because fundamentally what the bond market does is keep sovereigns “honest” - just as Schauble said a week ago, Spanish yields at 7% are not the end of the world – instead what they are is a signal to the country to get its spending in control in order to reduce its deficit, and fundamentally get its house in order – yes, that means getting government spending to a sustainable level and firing hundreds of thousands of workers, as well as probably raising taxes even more. It also means pain all around, but the pain is inevitable and will only be worse the longer reality is denied.” This logic is so clear that only a lifelong economist, PhD or Goldman apparatchik can not grasp it: sadly that accounts for most of the people “in charge.”
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Which is why we were delighted to read that at least one person “gets it” – Belgian national bank governor Luc Coene, the same Belgium that is also the clogged heart of the Burtonian bureaucratic labyrinth known as the EU, who told Belgium’s two largest newspaper that “buying the bonds of these countries would only serve to weaken the ECB and do nothing to resolve underlying issues of competitiveness. “It makes no sense for the ECB to start financing those countries,” said Mr Coene, “It would only lead to the ECB taking on the whole public debt of Spain and Italy onto its balance sheet.” Bingo. And not a moment too soon – we really were starting to pull a Mogatu here.
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read more!
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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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