Socio-Economics History Blog

Socio-Economics & History Commentary

Nigel Farage: Germans Keen to Keep UK in EU, Not Brits!

http://www.presseurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
Click on image for article!

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May 21, 2013 Posted by | GeoPolitics | , , , , , , | Leave a Comment

Freedom Betrayed: Herbert Hoover’s Secret History of the Second World War and Its Aftermath!

View this document on Scribd

May 20, 2013 Posted by | GeoPolitics, History | , , , , , , , | Leave a Comment

Eisenhower’s Holocaust: His Slaughter Of 1.7 Million Germans!

  • Eisenhower’s Holocaust – His Slaughter Of 1.7 Million Germans! 
    Author Unknown, 6-22-8
    “God, I hate the Germans…” (Dwight David Eisenhower in a letter to his wife in September, 1944)
    -
    First, I want you to picture something in your mind. You are a German soldier who survived through the battles of World II. You were not really politically involved, and your parents were also indifferent to politics, but suddenly your education was interrupted and you were drafted into the German army and told where to fight. Now, in the Spring of 1945, you see that your country has been demolished by the Allies, your cities lie in ruins, and half of your family has been killed or is missing. Now, your unit is being surrounded, and it is finally time to surrender. The fact is, there is no other choice.

    -
    It has been a long, cold winter. The German army rations have not been all that good, but you managed to survive. Spring came late that year, with weeks of cold rainy weather in demolished Europe. Your boots are tattered, your uniform is falling apart, and the stress of surrender and the confusion that lies ahead for you has your guts being torn out. Now, it is over, you must surrender or be shot. This is war and the real world.
    -
    You are taken as a German Prisoner of War into American hands. The Americans had 200 such Prisoner of War camps scattered across Germany. You are marched to a compound surrounded with barbed wire fences as far as the eye can see. Thousands upon thousands of your fellow German soldiers are already in this make-shift corral. You see no evidence of a latrine and after three hours of marching through the mud of the spring rain, the comfort of a latrine is upper-most in your mind. You are driven through the heavily guarded gate and find yourself free to move about, and you begin the futile search for the latrine. Finally, you ask for directions, and are informed that no such luxury exists.
    -
    No more time. You find a place and squat. First you were exhausted, then hungry, then fearful, and now; dirty. Hundreds more German prisoners are behind you, pushing you on, jamming you together and every one of them searching for the latrine as soon as they could do so. Now, late in the day, there is no space to even squat, much less sit down to rest your weary legs. None of the prisoners, you quickly learn, have had any food that day, in fact there was no food while in the American hands that any surviving prisoner can testify to. No one has eaten any food for weeks, and they are slowly starving and dying. But, they can’t do this to us! There are the Geneva Convention rules for the treatment of Prisoners of War. There must be some mistake! Hope continues through the night, with no shelter from the cold, biting rain.
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    Your uniform is sopping wet, and formerly brave soldiers are weeping all around you, as buddy after buddy dies from the lack of food, water, sleep and shelter from the weather. After weeks of this, your own hope bleeds off into despair, and finally you actually begin to envy those who, having surrendered first manhood and then dignity, now also surrender life itself. More hopeless weeks go by. Finally, the last thing you remember is falling, unable to get up, and lying face down in the mud mixed with the excrement of those who have gone before.
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    Your body will be picked up long after it is cold, and taken to a special tent where your clothing is stripped off. So that you will be quickly forgotten, and never again identified, your dog-tag is snipped in half and your body along with those of your fellow soldiers are covered with chemicals for rapid decomposition and buried. You were not one of the exceptions, for more than one million seven hundred thousand German Prisoners of War died from a deliberate policy of extermination by starvation, exposure, and disease, under direct orders of the General Dwight David Eisenhower.
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    One month before the end of World War II, General Eisenhower issued special orders concerning the treatment of German Prisoners and specific in the language of those orders was this statement,
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    “Prison enclosures are to provide no shelter or other comforts.”
    -
    Eisenhower biographer Stephen Ambrose, who was given access to the Eisenhower personal letters, states that he proposed to exterminate the entire German General Staff, thousands of people, after the war. Eisenhower, in his personal letters, did not merely hate the Nazi Regime, and the few who imposed its will down from the top, but that HE HATED THE GERMAN PEOPLE AS A RACE. It was his personal intent to destroy as many of them as he could, and one way was to wipe out as many prisoners of war as possible.
    -
    Of course, that was illegal under International law, so he issued an order on March 10, 1945 and verified by his initials on a cable of that date, that German Prisoners of War be predesignated as “Disarmed Enemy Forces” called in these reports as DEF. He ordered that these Germans did not fall under the Geneva Rules, and were not to be fed or given any water or medical attention. The Swiss Red Cross was not to inspect the camps, for under the DEF classification, they had no such authority or jurisdiction.
    -
    Months after the war was officially over, Eisenhower’s special German DEF camps were still in operation forcing the men into confinement, but denying that they were prisoners. As soon as the war was over, General George Patton simply turned his prisoners loose to fend for themselves and find their way home as best they could. Eisenhower was furious, and issued a specific order to Patton, to turn these men over to the DEF camps. Knowing Patton as we do from history, we know that these orders were largely ignored, and it may well be that Patton’s untimely and curious death may have been a result of what he knew about these wretched Eisenhower DEF camps.
    -
    The book, OTHER LOSSES, found its way into the hands of a Canadian news reporter, Peter Worthington, of the OTTAWA SUN. He did his own research through contacts he had in Canada, and reported in his column on September 12,1989 the following, in part:
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    “…it is hard to escape the conclusion that Dwight Eisenhower was a war criminal of epic proportions. His (DEF) policy killed more Germans in peace than were killed in the European Theater.”
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    “For years we have blamed the 1.7 million missing German POW’s on the Russians. Until now, no one dug too deeply … Witnesses and survivors have been interviewed by the author; one Allied officer compared the American camps to Buchenwald.” It is known, that the Allies had sufficient stockpiles of food and medicine to care for these German soldiers.
    -
    This was deliberately and intentionally denied them. Many men died of gangrene from frostbite due to deliberate exposure. Local German people who offered these men food, were denied. General Patton’s Third Army was the only command in the European Theater to release significant numbers of Germans.
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    read more!
  • Eisenhower’s Death Camps! The Last Dirty Secret of World War Two! 
    by James Bacque, Saturday Night Sept 1989
    Call it callousness, call it reprisal, call it a policy of hostile neglect: a million Germans taken prisoner by Eisenhower’s armies died in captivity after the surrender.
    -
    In the spring of 1945, Adolph Hitler’s Third Reich was on the brink of collapse, ground between the Red Army, advancing westward towards Berlin, and the American, British, and Canadian armies, under the overall command of General Dwight Eisenhower, moving eastward over the Rhine.  Since the D-Day landings in Normandy the previous June, the westward Allies had won back France and the Low Countries, and some Wehrmacht commanders were already trying to negotiate local surrenders.  Other units, though, continued to obey Hitler’s orders to fight to the last man.  Most systems, including transport, had broken down, and civilians in panic flight fromt he advancing Russians roamed at large.
    -
    “Hungry and frightened, lying in grain fields within fifty feet of us, awaiting the appropriate time to jump up with their hands in the air”; that’s how Captain H. F. McCullough of the 2nd Anti-Tank Regiment Division described the chaos of the German surrender at the end of the Second World War.  In a day and a half, according to Field Marshall Bernard Montgomery, 500,000 Germans surrendered to his 21st Army Group in Northern Germany.  Soon after V-E Day–May 8, 1945–the British-Canadian catch totalled more that 2 million.  Virtually nothing about their treatment survives in the archives in Ottawa or London, but some skimpy evidence from the International Committee of the Red Cross, the armies concerned, and the prisoners themselves indicates that almost all continued in fair health.  In any case, most were quickly released and sent home, or else transferred to the French to help in the post-war work of reconstruction.  The French army had itself taken fewer than 300,000 prisoners.

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    Like the British and Canadians, the Americans suddenly faced astounding numbers of surrendering German troops: the final tally of prisoners taken by the U.S. army in Europe (excluding Italy and North Africa) was 5.25 million.  But the Americans responded very differently.
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    Among the early U.S captives was one Corporal Helmut Liebich, who had been working in an anti-aircraft experimental group at Peenemunde on the Baltic.  Liebich was captured by the Americans on April 17, near Gotha in Central Germany.  Forty-two years later, he recalled vividly that there were no tents in the Gotha camp, just barbed wire fences around a field soon churned to mud.  The prisoners received a small ration of food on the first day but it was then cut in half.  In order to get it, they were forced to run a gauntlet.  Hunched ocer, they ran between lines of American guards who hit them with sticks as they scurried towards their food.  On April 27, they were transferred to the U.S. camp at Heidesheim farther wet, where there was no food at all for days, then very little.  Exposed, starved, and thirsty, the men started to die.  Liebich saw between ten and thirty bodies a day being dragged out of his section, B, which at first held around 5,200 men.. He saw one prisoner beat another to death to get his piece of bread.  One night when it rained, Liebich saw the sides of the holes in which they were sheltered, dug in soft sandy earth, collapse on men who were too weak to struggle out.  They smothered before anyone could get to them.  Liebich sat down and wept.  “I could hardly believe men could be so cruel to each other.”
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    read more!

Dresden_Holocaust_Allied_War_Crime

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May 20, 2013 Posted by | GeoPolitics, History | , , , , , | Leave a Comment

Nigel Farage on “Wholesale, Violent Revolution” in Europe!

“If you have investments, if you have money based with Eurozone banks, then my advice to you is get your money out of those banks in those jurisdictions as quickly as you can because when the next phase of this disaster comes they will come for you!”

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May 1, 2013 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a Comment

German ‘Wise Men’ Push for Wealth Seizure to Fund EMU Bail-Outs!

Bank robbery of the Cypriot people!

Bank robbery of the Cypriot people!

  • German ‘Wise Men’ push for wealth seizure to fund EMU bail-outs! 
    by , http://www.telegraph.co.uk/ 
    Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy.
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    Professors Lars Feld and Peter Bofinger said states in trouble must pay more for their own salvation, arguing that there is enough wealth in homes and private assets across the Mediterranean to cover bail-out costs. “The rich must give up part of their wealth over the next ten years,” said Prof Bofinger.
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    The two economist are members of Germany’s Council of Economic Experts or “Five Wise Men”, a body that advises the Chancellor on major issues. There is no formal plan to launch a wealth tax but the council is often used to fly kites for new policies.
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    Prof Bofinger told Spiegel Magazine that it was a mistake to target deposit holders in banks, the formula used in the EU-IMF Troika bail-out for Cyprus where those with savings above €100,000 at Laiki and Bank of Cyprus face huge losses. “The canny rich in southern Europe just shift their money to banks in Northern Europe to escape seizure,” he said.
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    Prof Feld said a new survey by the European Central Bank had revealed that people in the crisis countries are richer than the Germans themselves. “This shows that Germany has been right to take a tough line of euro rescue loans,” he said.
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    The ECB study found that the “median” wealth of is €267,000 in Cyprus, compared to just €51,000 in Germany where home ownership rate is just 44pc and large numbers of people have almost no assets.
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    read more!

April 29, 2013 Posted by | Economics | , , , , , , , , , , | Leave a Comment

Is This The End Game For Paper Gold/Silver?

Why_does_FedRes_need_7yrs_to_return_Germanys_gold

  • Is This The End Game For Paper Gold/Silver? 
    by http://truthingold.blogspot.ca/ 
    The real market in gold/silver is what is going on in the markets where physical delivery is REQUIRED.  That would be China, India, Russia, Middle East and the U.S. retail minted coin market
    - The Golden Truth, April 22, 2013
    -
    To go along with my statement above, I find it interesting that the United States’ is going to take 7 years to deliver 300 tonnes of gold back to Germany.  Seven years.  I find it even more interesting that not many people have scrutinized this situation.  After all, it took Venezuela only about 4 months to get 200 tonnes of its gold repatriated from London and Switzerland.  Hugo Chavez may be remembered by many as a crackpot, but I have a feeling the world will soon understand why one of his last moves before he died may have been his most brilliant.  After all, Venezuela now has possession of its foreign-stored gold – Germany does not.

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    Something else that has been extraordinarily overlooked, or intentionally ignored by the media, is the fact that about 80% of the recent price hit in gold/silver has occurred during Comex trading hours, after the physical buying markets in the east (China, Russia, India, et al) have gone to sleep or home for the weekend.  Please note:  the Comex is a paper trading market.  The Comex may have enough metal to settle about 5% of the entire open interest of gold and silver, if the entities long the paper contracts decided to stand for delivery.  Typically less than 1% stand for delivery each delivery month.
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    So when you hear accounts that 100′s of tonnes of “gold” were dumped on the Comex market last Monday, please understand and know that this was “gold” as represented by a paper Comex gold futures contract.  On the Comex gold grows on trees – everywhere else in the world that wants to own gold, physical gold has to be delivered.
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    And while that thrift shop mannequin some call “Attorney General Eric Holder” will never require that the big banks which control Comex explain why a paper bomb representing 100′s of tonnes of paper gold was dropped on the Comex, the rest of the world – including the thousands in this country trying to take advantage of the price drop by buying U.S. minted silver eagles – either can not actually buy phsyical gold/silver for delivery or have to pay substantial premiums over the spot price in order to get something delivered.   Go ahead, call your local coin dealer and ask them to sell you some 1 oz. silver eagles.  You’ll either hear “we’re out” or you’ll be offered something at around $7-8 over the current spot.  Note that the price where you can buy silver eagles – silver eagles that you can take home with you as opposed to rely on some counterparty for delivery – will cost you about the same price as it would have before the take down in the metals this past week.
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    read more!

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April 24, 2013 Posted by | Economics | , , , , , , , , , , , , | Leave a Comment

Vast Greek War Claims Against Germany Explode Like a ‘Time-Bomb’!

Photograph: Petros Giannakouris/AP

Photograph: Petros Giannakouris/AP

  • Vast Greek war claims against Germany explode like a ‘time-bomb’! 
    by , http://www.telegraph.co.uk/ 
    The Greek government is in disarray after the leak of an explosive report drawing up vast reparations claims against Germany, covering both the First and Second World Wars.
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    Premier Antonis Samaras held a special meeting with the foreign minister Dimitris Avramopoulos and other key officials this morning to limit the diplomatic damage from the 80-page report.
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    The document – stamped “Aporito”, or secret – was drafted by a panel of experts appointed by the Greek finance ministry and delivered to officials last month.
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    The alleged claim against Germany reaches a grand total of €162bn, including €108bn for rebuilding the country’s infrastructure after the Nazi occupation from 1941 to 1944. This is 80pc of Greek GDP.
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    The probe was chaired by Panagiotis Karakousis, director-general of the General Accounting Office at the Finance Ministry, and relied on 190,000 pages of documents scattered through the country’s ministries and archives. Mr Karakousis told The Daily Telegraph that the report was commissioned by the current leadership, not the previous Pasok government.
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    read more!

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April 12, 2013 Posted by | GeoPolitics | , | Leave a Comment

Eurozone: Death by a Thousand Cuts!

Eurozone Titanic is sinking!

Eurozone Titanic is sinking!

  • Eurozone: Death by a thousand cuts! 
    by Patrick L Young, http://rt.com/ 
    The Eurozone crisis so far has resembled one of those cheesy fight scenes in a certain type of Hollywood movie. The hero is hugely outnumbered but each opponent patiently stands around looking menacing waiting to be ‘sorted out’ in turn.
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    Likewise Eurozone bailout candidates have lined up individually to face the Troika by rota and once ‘saved’ the ‘rescuers’ have sought to sing a little aria akin to the end of a Mozart opera noting how good has vanquished evil and all will be well in the world henceforth…Usually after an expensive meal in Brussels also paid for by EU taxpayers.
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    So, stage one of bailout mania was a process of Eurocrises in linear order, with nations bailed out to save their economies or indeed somebody else’s bankers…
    The recent Cyprus process marked a watershed. It was a bail…well‘bail-what’ one might ask? Cyprus marked a sort of hokey cokey dance of a ‘bail-’ process; altogether now: ‘you take one bail-in, you take one bail-out…you do the hokey cokey and turn around and that’s what bankruptcy’s all about!’ Cyprus endured a bizarre bailout farrago which damaged the trust implicit in previous EU statements of safety for savers.
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    The Eurocrisis has reached a new stage. Things have gone multilateral. First up are the existing bailouts. A progress report suggests all may not be quite on the road to recovery that has been previously reported by the EU. Greece festers in depression while Cyprus is a tinderbox of resentment to put it mildly. In Ireland, they want debt relief. Meanwhile in Portugal post court intervention, the government must immediately find an additional 1.3 billion Euros in cuts or face the consequences. Having already cut some 13 billion from the budget, this is, to put it mildly, a problem.
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    With Portugal on a precipice, the Mediterranean 500 lb gorilla nations do not look much better. In Spain the government have a massive majority but, like France, barely seem to grasp they are supposed to lead. As befits the land of Machiavelli, Italy has bypassed the leadership problem completely by failing to form a government at all.
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    At least we can sigh relief about stability when it comes to Germany as… No, hold on a moment. There is a mild-mannered Professor in Hamburg who is no populist but he is apparently very, very popular. Step forward Professor Bernd Lucke, an economics scholar who has created the “Alternative for Deutschland” Party which is not merely anti-Euro but coolly coherent in its well-considered plans to engineer Euro-euthanasia, end the bailout death spiral and reduce simmering north-south tensions. Is the party just a protest flash in the pan? With some polls indicating their support might be a giddy 25%, the simple metric is that they must hold above 5% by the autumn elections to enter the German Parliament. This milestone alone ought to sufficiently splinter the vote to unseat Mrs Merkel…
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    read more!

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April 12, 2013 Posted by | Economics | , , , , , , , , , , , , , | Leave a Comment

Eurozone Currency to Collapse in Near Future: Robert Oulds!

  • Eurozone currency to collapse in near future: Robert Oulds 
    by http://www.presstv.ir/ 
    An analyst explains how an alarmingly high level of unemployment has caused people in Portugal to withdraw deposits from bank accounts as the eurozone’s currency nears its end.
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    The economic crisis in Portugal has forced an increasing number of people in the recession-mired eurozone country to turn to food banks for help as unemployment levels tip over the edge. This comes as big savers in the largest bank of Cyprus face losses up to 60 percent, far more than initially estimated under the country’s EU-led bailout plan, causing masses of people to withdraw bank deposits in Cyprus and Portugal.
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    Press TV has conducted an interview with Robert Oulds, Director of the Bruges Groups from London to further discuss the issue. The following is a rough transcription of the interview.
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    Press TV: Mr. Oulds welcome. People in Portugal are going to food banks. Is Portugal next in line after Cyprus?
    Oulds: Well very much so. The Portuguese banking system has been brought into question about its liability because the stealing of people’s deposits from Cyprus and the messages from the European Union that this is a future way of handling economic crises; will of course has meant that people are withdrawing their deposits from Portuguese banks in particular because Portugal is highly vulnerable. Unemployment will be going up this year, peaking at 18 percent and possibly going beyond.
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    The unemployment level is getting alarmingly high, the economy will contract by nearly two and a half percent in 2013 and the banks in Portugal are really suffering and people will of course move their money out.
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    This is something that is happening under way at the moment and that of course will further bring into disrepute the Portuguese economy, which is really failing to serve its citizens’ needs.
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    Press TV: Indeed. We heard that Cyprus imposed restrictions on people’s savings and depositors. How likely will other EU banks do the same and follow suit?
    Oulds: Well it’s the European Union that was forcing this upon depositors in Cyprus and it has been said that this will be a model that will be followed. So, it is quite likely that this could well happen again. It’s caused a great deal of harm to the Cypriot economy which are now facing really a generation now of growing unemployment and the declining economic growth and the same is happening in Portugal. That is quite likely the scenario that will come to pass. But, of course it will be a great shame because of course the people who are paying the price for this are of course ordinary people who, of course are losing their jobs and in many cases losing their homes because there’s no one to pay the mortgage.
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    There’s a great deal of economic harm that’s hitting Southern Europe which has been brought on by the austerity measures, pushed forward by the European Central Bank (ECB), the IMF (International Monetary Fund) and the European Union.
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    All it’s doing it’s not solving the debt problem, it’s actually making it worse and it’s actually creating alarmingly high unemployment, which will have future consequences for many years to come.
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    Press TV: It’s interesting to know is any European Union country less vulnerable to this crisis?
    Oulds: Well the main countries that are vulnerable at the moment are of course Cyprus, Greece, Spain and of course Portugal and Italy as well. Italy is in a very deep recession but, of course alarmingly as well France is also beginning to suffer.
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    France cannot fit within the currency union, the eurozone – the euro single currency – with Germany, it’s just not working. The harm is spreading throughout the European Union; it’s a contagion, which is entering many other countries.
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    Germany has done quite well out of the euro, as other countries such as the Netherlands and Finland. That of course eventually with the amount of harm that the euro is causing; those countries such as Germany which rely on their exports to the other states in the eurozone, will of course lose their exports markets because nobody will be able to purchase the German goods which they’re exporting to the other countries in Southern Europe at the moment.
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    So really eventually we will beggar every single state within the EU, within the eurozone, but of course at the moment Germany has been doing quite well, but I think that that will come to an end in the not too distant future.
http://www.presseurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
Click on image for article!

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April 8, 2013 Posted by | Economics | , , , , , , , , , , , , , , | Leave a Comment

Cyprus, Massive Global Debt, Derivatives & The End Game!

The_perfect_storm_by_Methevas

  • Cyprus, Massive Global Debt, Derivatives & The End Game! 
    by www.kingworldnews.com
    Today John Embry told King World News that what is happening in Cyrpus is just a prelude to a more catastrophic day when the financial system grinds to a halt.  He says the Cyprus disaster has frightened people all around the world and things will only get worse from here.  Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say regarding this ongoing crisis: 
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    Eric King:  “In the aftermath of what they are saying is a deal in Cyprus, John, what are your thoughts?”
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    Embry:  “We knew they would come back with another solution because they can’t afford for a country as small as Cyprus to bring down the whole euro construct.  I think people recognize that Germany has a vested interest in keeping this thing afloat because their banking system is loaded with all of this peripheral country debt.
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    The last thing the Germans want to see is Mediterranean countries leaving and defaulting on that paper.  But they haven’t solved anything here.  They are just kicking the can down the road, and they are setting up for a conclusion that will be more catastrophic when it finally arrives….
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    read more!

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March 26, 2013 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a Comment

Cyprus Banking Crisis for Dummies!

Bank robbery of the Cypriot people!

Bank robbery of the Cypriot people!

  • Cyprus Banking Crisis for Dummies! 
    by WashingtonsBlog 
    Ground Zero of Financial Repression
    You’ve heard that the tiny European country Cyprus is threatening to grab between 3 and 13% of bank depositors’ funds in return for a bailout of the country by the European Union.
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    Zero Hedge reports that Germany’s Finance Minister and the IMF originally demanded that 40% of bank deposits be looted. Sajiyat Das notes:
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    Irrespective of the fate of Cyprus, the solution adopted will exacerbate the European debt crisis.
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    Many commentators note that the deposit grab may cause panic among bank depositors in Spain and other vulnerable countries as well.  Indeed, many are asking whether this could be a modern Creditanstalt situation. Another common analogy is that this could be “worse than Lehman” failing.
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    On the other hand – given that the entire economy of Cyprus is smaller than that of Shreveport, Louisiana, and that Cyprus is mainly a parking spot for hot money from Russian oligarchs and mafia – some say that the whole crisis will quickly blow over.
    -
    What’s the bigger picture?  Bank deposit grabs may spread to other vulnerable European countries.  The New York Times reports:
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    Jeroen Dijsselbloem, the president of the group of euro area ministers, declined early Saturday to rule out taxes on depositors in countries beyond Cyprus.
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    And the chief economist of the German Commerzbank has called for private savings accounts in Italy to be similarly plundered:
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    A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product.
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    Indeed, Zero Hedge has been warning about this kind of scenario for years. Why are they doing it? The Financial Times notes:
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    Cyprus’s new president Nicos Anastasiades did not like the idea of forcing any losses on ordinary account holders….But after receiving what Cypriot officials said were reassurances from Angela Merkel…Mr Anastasiades agreed to a deal that he thought would include relatively modest “haircuts” – a 7 per cent levy on deposits above €100,000 and a 3.5 per cent hit on those below.
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    With the principle of haircuts agreed, Mr Anastasiades decided to stay for the finance ministers meeting, which was just getting under way. All he asked was that the rates be tweaked: raise the levy on the bigger deposits in order to lower the hit taken by the less well off. Both sides believed a deal was at hand….
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    However, Mr Anastasiades was left reeling by the response to his request for modest adjustments, according to Cypriot officials. Wolfgang Schäuble, the German finance minister, said Nicosia would immediately have to raise as much as €7bn from depositor haircuts. A stunned Mr Anastasiades decided to walk out…
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    But Mr Anastasiades soon learnt storming out was not an option. The European Central Bank had another shock for him: the island’s second-largest bank, Laiki, was in such bad shape that it no longer qualified for the eurosystem’s emergency liquidity assistance – the cheap central bank loans that teetering eurozone banks need to run their day-to-day operations.
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    The message, delivered by the ECB’s chief negotiator, Jörg Asmussen, meant that if no deal was reached, Laiki would collapse, probably bringing the island’s largest bank down with it, and saddling Nicosia with a €30bn bill to reimburse accounts covered by the country’s deposit guarantee scheme. It was money Nicosia did not have. All of the island’s account holders would be wiped out.
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    Mr Schäuble was not alone. Several officials involved in the talks said he not only had backing from the Finns, Slovaks and to a lesser extent the Dutch. The International Monetary Fund, which had been urging depositor haircuts for months, had won the argument over the skittish European Commission, which had long worried that seizing depositor assets could spark a bank run in Cyprus and, potentially, elsewhere in the eurozone.
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    read more!

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March 20, 2013 Posted by | Economics | , , , , , , , , , , , | Comments Off

Nigel Farage Message To Europeans: “Get Your Money Out While You Can”!

  • Nigel Farage Message To Europeans: “Get Your Money Out While You Can”! 
    by Tyler Durden, www.zerohedge.com
    In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small, for “once one country goes, the whole deck of cards will come tumbling down.”
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    There is now “clear irreconcilable differences” between the North and the South of Europe and now that they have done this in one country, “they are quite capable of doing it in Italy, Spain and anywhere.” The message that sends to people is “get your money out while you can.” As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. “Do Not Invest In The Euro-Zone,” he concludes, “you have to be mad to do so – as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based.”

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    “They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so.”
http://www.presseurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
Click on image for article!

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March 20, 2013 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off

Merkel Advisor Feld: “Euro Crisis Will Return Shortly And With A Vengeance”!

Revelation 13:1 -  Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,(b) and on his horns ten crowns, and on his heads a blasphemous name.

Revelation 13:1 – Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,(b) and on his horns ten crowns, and on his heads a blasphemous name.

“We have to think about how to deal with a modified eurozone.” What exactly a “modified” eurozone means we don’t know. We will, however, surely find out soon enough. – Quote

  • Merkel Advisor Feld: “Euro Crisis Will Return Shortly And With A Vengeance”! 
    by Tyler Durden, www.zerohedge.com
    For all the groundless, starry-eyed optimism permeating Europe’s bureaucratic corridors of the fading oligarchy these days (because this time is not like every other time that, too, was different), there has always existed one sure, never-fail antidote: Germany, which without fail has managed to ground Europe any time its delusion of grandure hit escape velocity. Sure enough, while all the statist soothsayers who threatened with armageddon if the outcome of the Italian elections happened to be precisely the one that transpired, were stuck in backpedal mode, and scrambling to calm nerves that all shall be well after all, one person who refuses to play by the script is Lars Feld, member of panel of economic advisers to German Chancellor Angela Merkel, who in an interview with the Frankfurter Allgemeine Zeitung tomorrow says the euro crisis is to return shortly and “with a vengeance” as capital loss will lead to higher risk premiums for Italy’s interest rates.
    -
    From Handelsblatt, previewing the FAZ Wednesday edition: 
    -
    The Italian economy would not find their way out of the recession, according to the pessimistic assessment by Lars Feld: “The sustainability of Italian public finances is in jeopardy. The euro crisis will therefore return shortly with a vengeance.”
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    Apparently, the Italians were not ready to move on the path of reform that has been taken by Mr. Mario Monti, Field said. 

    -
    “You can not expect that Italy’s European partners or the ECB will stabilize the Italian economy, when its people are not ready for reform.”
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    And making sure Feld is not alone, he was joined by Anton Boerner, head of Germany’s BGA exporters’ association, who in turn said Italy must reform tax, labor, judicial system or risk “irreparable damage” of euro. Finally, Boerner says if Italy not willing to reform, “we have to think about how to deal with a modified eurozone.”
    -
    What exactly a “modified” eurozone means we don’t know. We will, however, surely find out soon enough.

Euro_on_fire

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February 28, 2013 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , | Comments Off

Eric Sprott: Real 2012 US Deficit $6.9 Trillion – Not Reported Anywhere By The Public Press!

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February 25, 2013 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off

China Daily: “The World May Have To Endure A Currency Flood” ie. Hyperinflation!

  • If creating massive amounts of money out of thin air ie. QE is the solution to the world’s problems, I will be the first to jump on board ! Heck, why not print/create US$1 million for each man, woman, child and their dog. Abolish all taxes. If you need money for a new school building just print it! QE, money printing cannot and will not create economic growth. The idea that it does is NONSENSE ! Japan has embarked on QE10! Why didn’t the last 9 QE worked? It is currency debasement, currency wars ….. hyperinflation! Got physical gold/silver yet?
    -
    China Daily: “The World May Have To Endure A Currency Flood”! 
    by http://larouchepac.com/ 
    The Government-run China Daily, in an unsigned editorial, Monday, on “Monetary easing,” says that, given results of the just concluded G20 conference, “the world may have to endure a currency flood as the developed countries resort to currency printing to float their economies…”
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    “Following the US’ quantitative easing steps last year, Japan started to pursue an ‘open-ended’ policy of monetary easing this year… The market is now waiting to see whether the euro will follow suit.”
    -
    Regardless of whether such “easing” can bring even a temporary recovery, China Daily warns that this policy in the US, Japan, and likely Europe, “is set to bring shocks to the developing and emerging market economies.”
    -
    It is the responsibility of the non-developed countries to defend themselves, rather than expect a change of policy, the editorial says. “It is high time the developing and emerging market economies coordinated to figure out solutions and lessen the potential shocks brought by changing external monetary conditions.
    -
    “At the same time, the self-centered developed economies must be aware that they, too, will suffer once the emerging economies stumble.”
    -
    Thailand, a smaller South East Asian country that has made significant progress in industrialization, development, and the raising of living standard, but still confronts a multitude of difficulties, expresses itself similarly in an editorial in its English language The Nation paper.
    -
    “Top leaders of Russia, South Korea, Germany, Brazil, and China have all expressed their concern over the currency moves, which drive up the value of their currencies and undermine the competitiveness of their exports. If they decide to enter the game — like Veneuzuela, which has devalued its currency by 32 per cent — the world would be plunged into competitive devaluations. At the end of the day, competitive devaluations would lead to run-away inflation or hyperinflation. Nobody will win with these currency wars.”
We will all be trillionaires but can't afford breakfast !

We will all be trillionaires but can’t afford breakfast !

Feel free to wipe your ass with it!

Feel free to wipe your ass with it!

Josiah_Stamp_BOE_on_Bankers_n_Slavery

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February 22, 2013 Posted by | Economics | , , , , , , , , , , , , , , , , , , , , | Comments Off

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