NY Times: The Global (Not Euro-Zone) Crisis!
Global meltdown super storm is coming!
- I have highlighted many times before that the Illuminists appear to be following a very tight script: the period in between WW1 & WW2. This time round will be no different. However, it will be of several orders of magnitude worse! Global economic, financial and currency collapse will lead to world war. The protagonist in this coming world war is America. It is being abused by the Illuminist snakes for their world conquest. At the end of it, America will be destroyed, re-engineered, enlarged … and finally merged into the Luciferian New World Order, World Government! (emphasis mine)
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The Global (Not Euro-Zone) Crisis!
by Hal S. Scott, www.nytimes.com
The euro-zone crisis has striking parallels with our experience in two world wars, when the United States mistakenly calculated that Europe could solve its own foreign policy problems and that Americans were immune from the consequences of the Continent’s failure to do so.
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Europe’s failure twice plunged the world into war. In today’s globalized economic world, Europe’s failure to resolve its financial crisis could plunge the world into economic chaos. This is a global crisis — not a euro-zone crisis — and we must take international action to deal with it.
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One fundamental parallel with the two world wars is the tension between Germany and other European states. While successfully integrated into Europe, Germany remains the Continent’s most powerful economic force, with higher productivity and economic growth rates and lower inflation than the other major European countries, including France, Italy, Spain and Britain. In the periods leading up to the world wars, Germany’s neighbors rightly feared and deeply resented German military power. Today, they fear German economic power even while they plead with Germany to come to their aid.
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Germany can only go so far in bailing out Europe. The cost of recapitalizing European banks (despite overly optimistic stress tests), including those in Germany, is estimated to be €420 billion under an adverse scenario, just for non-performing loans. The cost of marking down — let alone writing off — sovereign debt would be much greater. As of last November, 20 of the largest banks in the European Union carried $4.2 trillion in PIIGS (Portugal, Ireland, Italy, Greece, Spain) sovereign debt, about seven times the amount of their $620 billion in equity.
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The amount of potential budget support for countries with unsustainable debt is also substantial, up to €1.4 trillion for 2012 and 2013, excluding any support for Greece. This does not count losses of the European Central Bank from its operations to bring down the yield on new sovereign debt issuance.
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Bailing out Europe is beyond the practical capacity of Germany, whose G.D.P. is approximately €2.6 trillion, a level that is far from assured as Europe crumbles around it.
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Israel Likely Orchestrated Sinai Attacks!
Author: Iraqi Jew – Naeim Giladi
“kee betachbulot ta’ase lecha milchama” Translation: “With clandestine terrorism we will conduct war!” or By way of deception, thou shalt do war’!
The Gold Market May Stun Participants With A Move To $6,300 !
- The Gold Market May Stun Participants With A Move To $6,300!
by www.kingworldnews.com
Today Tom Fitzpatrick told King World News, “We see no reason why this gold trend cannot perform as well as the last bull market in gold between 1970 and 1980.” Fitzpatrick also stated that a replication of that move, “… will take gold to $6,300.”
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Here is what top Citi analyst Fitzpatrick had to say, along with some powerful charts: “The longer gold consolidates, the more we believe it sets up the platform, like 2006/2007, for the move higher. Certainly if we start to get a move up through $1,640 to $1,650, it looks to us like the upside move is finally starting, particularly if we can push through that $1,790 level. When the move kicks in, we think it will be a very quick move to the topside….
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Von Greyerz: Expect Massive Short Covering In Gold Within Weeks!
Remember the Golden Rule: He who has the gold makes the rules!
- Greyerz – Expect Massive Short Covering In Gold Within Weeks!
by www.kingworldnews.com
Today Egon von Greyerz told King World News, “… the paper shorts in gold and silver are going to have real problems.” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “The short covering during the next few weeks and during this autumn is going to be massive.”
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Here is what Greyerz had to say: “The real underlying figures (for the global economy) are still deteriorating. Just look at what’s happening in Europe now. A few days ago the eurozone GDP came out and it was down .2% for the quarter, and for the last twelve months it was down .4%. So Europe is suffering. But that’s just the beginning in my view.”
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“I wouldn’t be surprised over the next two or three years to see a fall of 10% in GDP in the eurozone, and in other countries also, the UK and US. Just take an example of commercial property in Italy. In the second quarter of this year there were (only) 2 commercial property transactions in Italy. This was against 56 in the previous quarter. I mean a drop from 56 to 2, it’s just come to a total standstill….
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Gerald Celente: We Are On The Verge of World War 3! We Are On a 9/11 Countdown!
Click on image to play the 14 Aug 2012 interview of Gerald Celente by Lew Rockwell !
Bibi’s (NUTenyahu) Secret War Plan!
Source: http://whatreallyhappened.com/
- Bibi NUTenyahu serves the Anglo-American-Zionist western Illuminati. He does not serve the interests of the Jewish people. He and Ehud Barak are genocidally insane for even suggesting this unnecessary war. They want us to believe that Zionist ’666′ Israel with 400+ nuclear bombs is under a nuclear existential threat of Iran which does not have a nuclear bomb nor a nuclear weapons program! Don’t forget: America’s military is at the beck and call of these Zionists!
- - These Illuminists have to serve their master: Lucifer/Satan. The plan is: Satanic World War 3! It will lead to the destruction of the Muslim Middle East and Zionist ’666′ Israel, the Satanic counterfeit ! (emphasis mine)
- - Bibi’s Secret War Plan!
by Richard Silverstein, http://www.richardsilverstein.com/tikun_olam
… In the past few days, I received an Israeli briefing document outlining Israel’s war plans against Iran. The document was passed to me by a high-level Israeli source who received it from an IDF officer. My source, in fact, wrote to me that normally he would not leak this sort of document, but:
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“These are not normal times. I’m afraid Bibi and Barak are dead serious.”
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The reason they leaked it is to expose the arguments and plans advanced by the Bibi-Barak two-headed warrior. Neither the IDF leaker, my source, nor virtually any senior military or intelligence officer wants this war. While whoever wrote this briefing paper had use of IDF and intelligence data, I don’t believe the IDF wrote it. It feels more likely it came from the shop of national security advisor Yaakov Amidror, a former general, settler true-believer and Bibi confidant. It could also have been produced by Defense Minister Barak, another pro-war booster.
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I’ve translated the document from Hebrew with the help of Dena Shunra. Before laying out the document, I wanted to place it in context. If you’ve been reading this blog you’ll know that after Bibi’s IDF service he became the marketing director for a furniture company. Recent revelations have suggested that he may have also served in some capacity either formally or informally in the Mossad during that period.
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This document is a more sophisticated version of selling bedroom sets and three-piece sectionals. The only difference is that this marketing effort could lead to the death of thousands.
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This is Bibi’s sales pitch for war. Its purpose is to be used in meetings with members of the Shminiya , the eight-member security cabinet which currently finds a 4-3 majority opposed to an Iran strike. Bibi uses this sales pitch to persuade the recalcitrant ministers of the cool, clean, refreshing taste of war. My source informs me that it has also been shared in confidence with selected journalists who are in the trusted inner media circle (who, oh who, might they be?).
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This is Shock and Awe, Israel-style. It is Bibi’s effort to persuade high-level Israeli officials that Israel can prosecute a pure technology war that involves relatively few human beings (Israeli, that is) who may be put in harm’s way, and will certainly cost few lives of IDF personnel.
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Bibi’s sleight of hand here involves no mention whatsoever of an Iranian counter-attack against Israel. The presumption must be that the bells and whistles of all those marvelous new weapons systems will decapitate Iran’s war-making ability and render it paralyzed. The likelihood of this actually happening is nearly nil.
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There will be those who will dispute the authenticity of this document. I’m convinced it is what my source claims, based on his prior track record and the level of specificity offered in the document. It references cities by name and the facilities they contain. It names new weapons systems including one Israel supposedly hasn’t even shared with the U.S.
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No, it’s real. Or I should say that while it’s real, it is the product of the Israeli dream factory which manufactures threats and then creates fabulist military strategies to address them. The dream factory always breaks the hearts of the families of those whose members fall victim to it. It never produces the result it promises, nor will it do so here.
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Remember Bush-era Shock and Awe? Remember those promises of precision-guided cruise missiles raining death upon Saddam Hussein’s Iraq? Remember Bush’s “Mission Accomplished” ceremony on the deck of the USS Lincoln, only six or seven years premature? Remember the promises of decisive victory? Remember 4,000 U.S. dead, not to mention hundreds of thousands of Iraqis?
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Now, think of what an Israeli war against Iran could turn into. Think about how this sanitized version of 21st century war could turn into a protracted, bloody conflict closer to the nine-year Iran-Iraq War:
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The Israeli attack will open with a coordinated strike, including an unprecedented cyber-attack which will totally paralyze the Iranian regime and its ability to know what is happening within its borders. The internet, telephones, radio and television, communications satellites, and fiber optic cables leading to and from critical installations—including underground missile bases at Khorramabad and Isfahan—will be taken out of action. The electrical grid throughout Iran will be paralyzed and transformer stations will absorb severe damage from carbon fiber munitions which are finer than a human hair, causing electrical short circuits whose repair requires their complete removal. This would be a Sisyphean task in light of cluster munitions which would be dropped, some time-delayed and some remote-activated through the use of a satellite signal.
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A barrage of tens of ballistic missiles would be launched from Israel toward Iran. 300km ballistic missiles would be launched from Israeli submarines in the vicinity of the Persian Gulf. The missiles would not be armed with unconventional warheads [WMD], but rather with high-explosive ordnance equipped with reinforced tips designed specially to penetrate hardened targets.
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The missiles will strike their targets—some exploding above ground like those striking the nuclear reactor at Arak–which is intended to produce plutonium and tritium—and the nearby heavy water production facility; the nuclear fuel production facilities at Isfahan and facilities for enriching uranium-hexaflouride. Others would explode under-ground, as at the Fordo facility.
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A barrage of hundreds of cruise missiles will pound command and control systems, research and development facilities, and the residences of senior personnel in the nuclear and missile development apparatus. Intelligence gathered over years will be utilized to completely decapitate Iran’s professional and command ranks in these fields.
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After the first wave of attacks, which will be timed to the second, the “Blue and White” radar satellite, whose systems enable us to perform an evaluation of the level of damage done to the various targets, will pass over Iran. Only after rapidly decrypting the satellite’s data, will the information be transferred directly to war planes making their way covertly toward Iran. These IAF planes will be armed with electronic warfare gear previously unknown to the wider public, not even revealed to our U.S. ally. This equipment will render Israeli aircraft invisible. Those Israeli war planes which participate in the attack will damage a short-list of targets which require further assault.
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Among the targets approved for attack—Shihab 3 and Sejil ballistic missile silos, storage tanks for chemical components of rocket fuel, industrial facilities for producing missile control systems, centrifuge production plants and more.
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While the level of specificity in this document is, in some senses, impressive, in one critical aspect it is deficient. Muhammad Sahimi points out that the current chief of the Revolutionary Guards, when he assumed his position in 2007, deliberately addressed the issue of over-centralization of command and control by dividing the nation into 31 districts. Each of these has its own independent command and control facilities and mechanisms. So Israel wouldn’t be able to knock out a single facility and paralyze the IRG. They’d need to knock out 31 separate sets of facilities–a much harder task.
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There seems also to be an assumption that Iran’s leaders and nuclear specialists live nice domestic lives and that Israeli intelligence knows where they all live and can easily target them. In truth, the most senior Iranian military and scientific figures live clandestine lives and it’s hard for me to believe even the Mossad knows where they are and how to target them.
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So it appears that Netanyahu believes he’s fighting Saddam circa 2003. During that war, the Iraqi Revolutionary Guards were centralized and knocking out one C&C center could decapitate the entire military apparatus. But Iran has learned from Saddam’s mistakes. It isn’t fighting the last war as Bibi appears to be. It is preparing for the next one. While Israel may have new tricks up its sleeve that no one in the world has yet seen, if it doesn’t understand the nature of the enemy, its defenses, its structure, etc. then it can’t win.
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News Alert: I’ve just been interviewed by BBC Newshour’s Julian Marshall and anticipate they will air a segment about this story at 1:30PM UK time and at 9:30AM east coast time (6:30AM west coast). I’m not sure which time it will air in Israel, but I believe it would be 3:30PM. If your NPR station airs BBC World Service you should hear it. I don’t know if it will be repeated any other times during the day. You can tell me that if you hear it.
by Warner D. Farr, LTC, U.S. Army, http://www.au.af.mil/
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!
Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
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Ann Barnhardt: “If You’re Still in These Markets You’re Either Stupid or On Drugs! We’re Seeing The Complete Disintegration of The Financial System!”
- Ann Barnhardt: “If You’re Still in These Markets You’re Either Stupid or On Drugs!”
by http://www.silverdoctors.com/
The Doc sat down with Ann Barnhardt of the former Barnhardt Capital Management Tuesday night for an exclusive interview discussing the shocking precedent set by the 7th Circuit Court of Appeals’ decision last Friday essentially making segregated client funds theft perfectly legal.
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Ann went on a 20 minute ALL-OUT RANT, stating that the decision means that ‘All property rights in the United States are gone. Up in smoke. The 7th Circuit Court decision means customers have absolutely no right to their segregated funds held in any depository or financial institution!‘
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Barnhardt states ‘We’re seeing the complete disintegration of the financial system before our very eyes! It’s Soviet! It’s truly, truly Soviet!! You’ve got to get your money out of the financial system! Nothing is safe! Not just the futures markets, but the entire thing! Stocks, 401k, IRA, deposit accounts. GET YOUR MONEY OUT OR ELSE IT IS ALL GOING TO BE STOLEN FROM YOU! IT’S ALL A PONZI!!!
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The owner of the former BCM brokerage states that JP Morgan knows the end is in sight, and they know that in a lawless environment, possession is EVERYTHING!
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(Transcript of interview)
This is The Doc with SilverDoctors.com, we’re please to welcome Ann Barnhardt of the former Barnhardt Capital Management today. Ann was light years ahead of just about everyone in recognizing the implications of MF Global’s outright theft of supposedly segregated client funds, instantly telling anyone who would listen to immediately get out of all paper markets. Ann went so far as to instantly shut down her brokerage out of concerns for the safety of her client’s funds.
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Ann: Thanks for having me, it’s a pleasure to be with you.
Doc: Before we talk about the Sentinel bankruptcy case Ann, we’ve already seen lightning strike twice in the form of the segregated client theft of $200 million of PFG. What are your thoughts on the latest vaporization of client funds at PFG?
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Ann: It’s just par for the course, and really the big news within the last few days relative to the PFG case is the 7th Circuit Court of Appeals decision- relative to (and I know we’re getting into lots of different companies and lots of different outfits here) the Sentinel Management Group, which was a non-clearing FCM, that was a Ponzi, that crashed all the way back in 2007. So this happened 5 years ago, and they’re just getting the stuff adjudicated- like I said, the decision from the 7th Circuit Court of Appeals just was published on Friday.
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What that decision said, unbelievably, is that basically all property rights in the United States are gone. Up in smoke. The court ruled that if you have money with an FCM and they fraudulently used YOUR MONEY that they’re holding as a custodian- if they use your funds to go and borrow money to finance their own in-house proprietary trading desk, when that Ponzi collapses, the customers have absolutely no rights to their own property, and that the counter-party- meaning the mega-bank that lended the FCM the money fraudulently, they stay at the front of the line!
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Absolutely STUNNING! So what this does is it trickles all the way back down through the system to both MF Global and PFG, and basically tells the customers ‘Sorry, you’re screwed.’ Not only are you screwed, but we now have a legal precedent that is going to be used by every executive in every one of these companies to say ‘Hey! The 7th Circuit Court of Appeals just ruled that using customer segregated funds as collateral on your own loans to fund your prop trading desk is completely legal and doesn’t constitute fraud.’
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So what we’re seeing is the complete disintegration of the financial system before our very eyes! It’s Soviet! It’s truly, truly Soviet!! You couldn’t even make stuff like this up! If you told me a year ago that any of this would be going on, and that we’d have court decisions like this, I would have told you that you were completely out of your mind. Now here we are, it’s happening, you’ve got to get out of the financial system! Nothing is safe!
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Obama Throws Weight Behind Muslim Brotherhood in Purge of Egyptian Military And Media!
“The ultimate goal that these people have in mind … is the goal to create a One World Government run by the banking industry .. run by the bankers! … The whole agenda is to create a One World Government where everybody has an RFID chip implanted !”
- Aaron Russo 0:15 onwards
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“He’s (Rockefeller) the one who told me 11 months before 9/11 ever happen, there was going to be an event. .. And out of that event we will invade Afghanistan, (for) the pipelines to the Caspian sea. We were going to invade Iraq .. to take over the oil fields, establish a base in the Middle East and make it all a part of the New World Order! And we will go after Chavez Venezuela. Sure enough 9/11 happened ! … And there was going to be this War on Terror which has no real enemy. And the whole thing is a giant HOAX! … This whole War on Terror is a FRAUD! ”
– Aaron Russo 2:30 onwards
- The Muslim Brotherhood (Masonic Brotherhood really) is an Illuminati organization. Illuminists disguise themselves as Christians, Jews, Muslims …etc. The MB is just another arm of the CIA! The Illuminists want to deceive Christians/Jews into fighting against Muslims and vice versa (in the coming Satanic World War 3). God and His Beloved Son Jesus Christ never taught me to hate and kill Muslims, Jews or anybody! Do not be taken for a ride! (emphasis mine)
- - The Masonic Origins of the Muslim Brotherhood (emphasis mine)
The Masonic origins of the Islamists movements, and their true goal to undermine Islam and fight for Western Zionist Powers such as Britain and the United States of America. The Muslim Brotherhood has acted as a clever technique to recruit agent-provocateurs for the Illuminati. The lowest ranks may sincerely believe they are defending Islam, and confronting “Western imperialism”. However, these various terrorist groups, through representing different factions, are part of a single network serving the same Illuminati cause.
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When we explore the political and financial connections of the terrorists, we find that these are not merely wayward fanatics, operating in isolation, but that their channels penetrate to the upper reaches of power, in the British and American governments, and outward into the nether regions of the occult and criminal underworlds.
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William Engdahl on Egypt’s uprising:
They are being organized in a Ukrainian-style high-tech electronic fashion with large internet-linked networks of youth tied to Mohammed ElBaradei and the banned and murky secret Muslim Brotherhood, whose links to British and American intelligence and freemasonry are widely reported.
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Muslim Brotherhood created by British Intelligence
Dr. John Coleman, a former British Intelligence agent…states in his report on Iran’s Islamic Revolution that the Muslim Brotherhood was created by “the great names of British Middle East intelligence”…and that their mission was to “keep the Middle East backward so that its natural resource, oil, could continue to be looted…”
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The Muslim Brotherhood is a London creation, forged as the standard-bearer of an ancient, anti-religious (pagan) heresy that has plagued Islam since the establishment of the Islamic community (umma) by the Prophet Mohammed in the seventh century. Representing organized Islamic fundamentalism, the organization called the Muslim Brotherhood (Ikhwan al-Muslimum in Arabic) was officially founded in Egypt, in 1929, by the British agent Hasan al-Banna, a Sufi mystic. Today, the Muslim Brotherhood is the umbrella under which a host of fundamentalist Sufi, Sunni, and radical Shiite brotherhoods and societies flourish.
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The Muslim Brotherhood is a tool by the British-based Globalists whose main objective is to overthrow the established world order and create a new one-world system of global governance. Without the British, “radical Islam would have remained the illegitimate, repressive minority movement that it has always been, and the Middle East would have remained stable and prosperous.”
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The real Muslim Brothers are…the secretive bankers and financiers who stand behind the curtain, the members of the old Arab, Turkish, or Persian families whose genealogy places them in the oligarchic elite, with smooth business and intelligence associations to the European black nobility and, especially, to the British oligarchy.
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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.
- - Obama Throws Weight Behind Muslim Brotherhood in Purge of Egyptian Military and Media!
by http://larouchepac.com/
Sources in Egypt and the United States have confirmed that the Obama Administration has thrown its support behind Egypt’s Muslim Brotherhood and President Mohamed Morsi, aiding the purge of the Egyptian military, intelligence directorate, and media in a move ostensibly aimed at preempting a coup, intended to restore the Supreme Council of the Armed Forces (SCAF) to power. In the past week, President Morsi fired Defense Minister Gen. Tantawi and Armed Forces chief of staff Gen. Annan, along with the head of the General Intelligence Directorate (GID), and the services chiefs of the Egyptian Army, Air Force, and Navy. In addition, 53 editors of state-run news agencies have also been fired and replaced by Muslim Brotherhood and allied figures. Supposedly, Morsi reached a deal with some factions within the SCAF, based on assurances that the military would retain their extensive economic interests. According to an Egyptian source, Gen. Sissi, the newly appointed head of the armed forces, was in Washington in recent days as the events were playing out on the ground in Egypt.
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The across-the-board clean-out of the top echelons of the armed forces and intelligence, came in the wake of the recent jihadist attacks in the Sinai, in which 16 Egyptian soldiers have been killed. According to the Washington and Cairo sources, the move came as part of an effort to preempt what was being built as a coup d’etat plot against Morsi and the Muslim Brotherhood, centered around a mass anti-government rally called for Tahrir Square on Friday, Aug. 24 and financed by the Egyptian business leaders who were the backbone of the Mubarak government. According to the sources, Obama Administration officials alerted the Egyptian government about possible coup scenarios around the mass demo, which was to draw 1-2 million people to Tahrir Square, in hopes of provoking a confrontation with the Muslim Brotherhood and other Morsi backers.
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Beyond the byzantine details, what emerges clearly is that the Obama Administration is actively backing Morsi and the Muslim Brotherhood against the SCAF and the armed forces.
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Gerald Celente: War with Iran will be The Beginning of World War 3!
- My Greatest Fear is a War with Iran because it’ll be the beginning of World War III , I say this over and over again our lives will never be the same we will be destroyed for generations these are the Persians they are not going anywhere and now you are hearing the propaganda coming out , you , you just heard it from Lugar that senator from Indiana “we have to stop Syria from owning chemical weapons.
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A No-Fly Zone Over Syria Could Lead To Regional And World War!
World War 3 is near?
- The agenda is: Satanic World War 3. A lot of what you read in the MSM are largely political theatre, propaganda and outright lies! Emphasis 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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A No-Fly Zone Over Syria Could Lead to Regional and World War!
by http://larouchepac.com/
As the Organization of Islamic Cooperation met in Saudi Arabia to finalize Syria’s expulsion from that body, the British-Obama war provocation of setting up a No-Fly Zone over Syria pressed forward.
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At the Aug. 13 daily press briefing, Pentagon spokesman George Little lashed out at the Assad government, saying, “We’ve seen a very troubling and despicable uptick in attacks from the air, perpetrated by the Syrian regime. This is yet another example of their depraved behavior. This needs to stop as does the violence they continue to pursue against their own people.”
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A Reuters wire on Little’s remarks emphasized that he had “stopped short of suggesting a move toward any additional steps like a no-fly zone,” but lunatic Sen. Joe Lieberman had not: “The U.S. should work with our allies to defend the de facto safe zones the rebels have already established in northern Syria… It makes sense for us to put in place a no-fly zone to help defend them — something, as in Libya, that would not require putting any American boots on the ground.”
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But opposition to the British-Obama war provocations continues to come from the highest level of the U.S. military, including head of the Joint Chiefs of Staff General Martin Dempsey, as well as Russia and China (see separate slugs).
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An article in the Aug. 13 Christian Science Monitor poured oil on the fire, arguing that Hillary Clinton’s remarks on Sunday after meeting with Turkish leaders had intentionally left open the option of a no-fly zone. Citing Brookings Institution “expert” Michael O’Hanlon, the article states: “Clinton may have intended this as a final shot across the bow to Russia… [to say] we’re trying to avoid something you’d be very unhappy about,” signaling that “with or without the UN, we are going to be getting more involved in this [conflict] if Assad remains in power.” O’Hanlon added: “You have to consider the slippery-slope phenomenon. If no-fly fails to stop Assad’s attacks, then there’s a lot of pressure to strike at Syrian tanks and artillery.” The article then points to the danger of a broader war with Russia and China: “But the US, already worried about the potential for the Syria conflict to balloon into a proxy war for dueling regional interests, is well aware that Russia, Iran and others are unlikely to sit back (and indeed are already intervening) as the West jumps in.”
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The situation is worrying enough for the German government to have weighed in again against a no-fly zone. Minister for Developing Sector Relations, Dirk Niebel, said Monday night on nationwide TV ARD that any no-fly zone would require a resolution of the United Nations, which he is convinced won’t happen. Furthermore, it could only be enforced and controlled by military means, when a political solution is what is required.
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“The Disease Is Incurable”! An Insurmountable Debt Mountain!
Sep-Oct 2012 ??
- The Illuminist banksters and their politician puppets are not solving the problem. Their true intention is to make things worse. Their plan call for a catastrophic collapse leading to their One World Currency and Global Supra-National Central Bank. Emphasis mine:
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“The Disease Is Incurable”!
by Tyler Durden, www.zerohedge.com
From Mark Grant, author of Out of the Box
…. We have left the “can kicking” stage in Europe. It is now behind us and we have entered a whole new paradigm while no one was looking or paying attention. In fact I believe we have entered the final stage of this multi-act play where Europe is running out of money!
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One of the reasons that Europe is so difficult to assess is the tremendous amount of jargon and hype that comes pouring out from all across the Continent. … So to make sense of it all you have to stop, come to a full halt and give due consideration to the totality of what is happening in Europe.
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There are several legitimate ways to add up the numbers but basically Europe is in a recession and the combined economies are shrinking so that growth is not a methodology for success. At the same time the ECB has loosened and then loosened again and again the collateral requirements so that it must be said that the ECB, in its own admission, is becoming a riskier proposition. We are given very little data but I think it is safe to assume that the ECB now holds a very large amount of questionable if not worthless securitizations including all kinds of loans and mortgage obligations that are no longer paying that have been placed with them by the Spanish, Portuguese, Greek and Italian banks. They are also holding sovereign debt in large amounts of all of the troubled nations in Europe and just the default of Greece alone will wipe out all of their equity capital so I believe it is quite rational to state that the ECB is in trouble.
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Next let us consider what has happened during the last two years. Every place you look Europe has tried to solve their problems by adding more and more debt. This is true in the bank sector and it is true in the sovereign sector and the debts are piling up faster than Europe can pay for them which is not just a matter of the return that must be paid to finance them but the aggregate amount of new debt that has been added. Leaving aside contingent liabilities totally and just including Target2 funding, the Stabilization Funds’ loans and the debt at the ECB Greece has $461 billion of obligations that cannot be met. By the end of this year Italy will have added an additional $141 billion worth of new debt which is about 7.05% of their GDP. Spain is about to take on $125 billion in new loans which is approximately 9.3% of their GDP and Europe is verging, in my opinion, on an inability to pay their obligations. One country after another in Europe is rolling over and Germany, France, the Netherlands and a few other smaller nations only have so much capital to go around. I assert, in fact, that Germany given its sovereign debt, its funding of Target2, which continues to expand, and its obligations to the EU, the ECB and the Stabilization Funds is already in an over extended position that is careening out of control for this $3.5 trillion dollar economy. If Germany is the safest of what is available in Europe then not only is there not a clean shirt in the house but there is not one that is not ripped and torn.
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Iceland Was Right, We Were Wrong: The IMF !
- Iceland Was Right, We Were Wrong: The IMF!
By Jeff Nielson, http://www.thestreet.com/
VANCOUVER (Silver Gold Bull) — For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites — at any/all costs.
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Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.
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Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Iceland’s approach to economic triage was the correct approach right from the beginning.
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What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.
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The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).
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The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after three-plus years of this absolute dichotomy in economic policymaking, a clear picture has emerged (despite the best efforts of the propaganda machine to hide the truth).
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read more!
end
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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