Socio-Economics History Blog

Socio-Economics & History Commentary

The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming!

http://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article!

  • The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.  He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in that role until 2017.  The Bank for International Settlements is a rather boring name, and very few people realize that it is at the very core of our centrally-planned global financial system.  So when Jaime Caruana speaks, people should listen.  And the fact that he recently warned that the global financial system is currently “more fragile” in many ways than it was just prior to the collapse of Lehman Brothers should set off all sorts of alarm bells.
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    Speaking of the financial markets, Caruana ominously declared that “it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally” and he noted that “markets can stay irrational longer than you can stay solvent”.  In other words, he is saying what I have been saying for so long.  The behavior of the financial markets has become completely divorced from economic reality, and at some point there is going to be a massive correction.
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    So why would the head of ‘the central bank of the world’ choose this moment to issue such a chilling warning? Does he know something that the rest of us do not?
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    According to a recent article in the Telegraph by Ambrose Evans-Pritchard, Caruana is extremely concerned about rising debt levels and the current level of euphoria in the financial markets…
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    The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
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    Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.
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    “Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give,” he told The Telegraph.
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    Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then.
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    read more!
http://www.globalresearch.ca/the-financial-new-world-order-towards-a-global-currency-and-world-government

Click on image for article!

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

Click on image for article!

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July 15, 2014 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Stockman: The Terrifying U.S. Police State & Total Collapse!

US_Economic_Collapse

  • Stockman – The Terrifying U.S. Police State & Total Collapse! 
    by http://www.kingworldnews.com
    Today David Stockman warned King World News about the terrifying U.S. police state, and total collapse.  KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse.  Below is what Stockman, author of the website contracorner, had to say in his powerful interview.
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    Eric King:  “David, when you look at the militarization of the police forces and the building of secondary armies inside the United States, you never saw anything like this during your tenure in the White House and I wonder how frightening it is when you see that.”
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    Stockman: “It’s very frightening.  And it’s only part of a larger picture that has to do with the fact that in 2014 we have no real industrial-state enemies left in the world, and yet we have a defense budget that is nearly at an all-time high in real terms, and greater than those of the next eight countries combined….
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    read more!
http://www.amazon.com/dp/1590799755

Click on image to goto Amazon!

US 'defence' (war really) budget is well over US$1T when all the discretionary spending are added ! It is over 50% of tax revenues!

US ‘defence’ (war really) budget is well over US$1T when all the discretionary spending are added ! It is over 50% of tax revenues!

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July 15, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 1 Comment

Ron Paul: The Collapse Is Close!

  • Published on Jul 12, 2014
    In this heightened era of government tax and spend — where printing more money is the Fed’s only solution — even our allies are sprinting from the dollar. Nations like Russia and Japan could be turning to the gold standard, and the U.S. is none too pleased.

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July 14, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 3 Comments

Max Keiser: American Financial Quagmire Deepening!

July 12, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | 1 Comment

Israel-Hamas War, Portugal Bank Default, Obama Ignores Immigrant Flood !

  • In war propaganda: you always paint yourself as righteous victims reacting defensively to the aggressive actions of the enemies. The idea that Zionist ’666′ Israel is not the aggressor is NONSENSE! But unfortunately, most people in the west fall for the MSM psyop! Hamas, as anyone who has studied its history knows, is a creation of Zionist Israel! (see videos end of post) It is controlled opposition, so that the Synagogue of Satan can have a pretext to kill the Palestinian people by labelling them as terrorists! Ask yourself this: How does Hamas get so many rockets into Gaza when it is a walled prison, controlled by the IDF? All entries and exits are controlled by the IDF! Hamas manages to get weapons into Gaza because they are allowed (and encouraged) to do so! It is all a Satanic genocidal game!
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  • Israel-Hamas War, Portugal Bank Default, Obama Ignores Immigrant Flood! 
    by Greg Hunter’s USAWatchdog.com 
    I warned last week about the kidnapping and murder of three Israelis and revenge killing of a Palestinian teen sparking violence in Israel.  My fear is now been confirmed with Hamas rocket attacks on various targets in Israel.  Israel is making counter attacks that have claimed the lives of dozens in Gaza.  One big development is the rockets that Hamas is using are now more powerful and have up to a 100 mile range.  In 2012, the rockets had only a 50 mile range.  Israel has called up at least 40,000 troops and is getting ready for a ground assault in Gaza against Hamas.  Now, I am worried about a much wider war being sparked in the Middle East.  Does Israel also see a much wider war coming, and is it going to knock out Hamas now?  Another big development:  ISIS, or the Islamic State in Western Iraq and Eastern Syria, has acquired both chemical weapons and nearly 90 pounds of nuclear material.  Is Israel worried about chemical weapons or nuclear material ending up in a Hamas rocket?  I think the answer is clearly yes, and this will get much worse before it gets better.  There are attempts at brokering a cease-fire by President Obama, but I don’t expect that until heavy damage has been done to Hamas’ ability to fire rockets into Tel Aviv.
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    In Ukraine, it looks like pro-government forces have the upper hand and have been winning over the pro-Russian separatists.  I do not know how long this is going to last before Russia steps in.  Russia has openly worried that what the Ukraine government might do is the same “ethnic cleansing.”  Top Russian officials have clearly stated it will not allow that to happen.  I think, at some point, Russia will cross the border and put a stop to the killing and the Ukraine army.  It will be a total mismatch.
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    Closer to home on the southern U.S. border, illegal aliens continue to cross over by the thousands.  Texas Governor Rick Perry forced a meeting with President Obama that some say he laughed through.  There are photos of the President laughing on one side of a table and Governor Perry and his lieutenants on the other side–not smiling.  Obama wants Congress to give him $3.7 billion in emergency money, and Republicans are balking because they do not trust him to actually close the border.  Perry and others want the border closed ASAP and have asked the President to roll out the National Guard to do it.   President Obama is not budging and is allowing the crisis he caused to fester.  It looks like some sort of perverted negotiating tactic that has some Democrats very worried about the mid-term elections.  I can’t see how this is a winning strategy.  Even African Americans are questioning allowing this flood of illegal immigration.
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    On the economic front, Portugal’s largest bank missed a bond payment and defaulted on debt.  You think that does not affect you?  Think again.  The global banking system is interconnected. This default could cause a daisy chain of defaults that could and probably will hit the global banking system.  Gregory Mannarino of TradersChoice.net says the “entire system is malignant” and backed full of sour debt that is “unimaginable.”  He says, “This is Europe’s Lehman Brothers moment that is multiple folds larger.” The default of Lehman caused the 2008 meltdown, and Mannarino says you might want to be taking some money out of your bank.  (Click here to see Mannarino’s entire video.)  It has been widely reported that Europe plans to take depositor money in the next banking crisis, and that will also hit U.S. banks.
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    read more!

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July 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

The Central Banker/U.S. Government Recovery Illusion Is Now Falling Apart !

  • Published on Jul 11, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.11.2014
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    UK construction shrinks and second quarter growth hopes fade. Portuguese bank problems are just the tip of the iceberg. More retailers are coming forward saying the weather is not the problem for falling sales. The EU has never come out of the recession crisis, actually the EU is now in a depression. El Salvador and the US are battling over the aid package,the US wants them to take GMO seeds. Is this one of the reason the US is accepting all these children. Times Of Israel is reporting the another group which is part of ISIS might have kidnapped the three teens. The UN is evacuating personnel because of increase volatility in Libya. The central bankers/US government officials are pushing the terror propaganda continually setting everyone up for a false flag event.
http://www.timesofisrael.com/jihadist-group-takes-credit-for-teens-kidnapping/

Cui Bono? The statements by ISIS/ISIL give the Zionists the pretext they need to kill Palestinians!Click on image for article!

http://www.independent.co.uk/voices/comment/stop-pretending-israels-massacre-in-gaza-is-part-of-an-even-battle-with-hamas-and-the-palestinians-8335881.html

Click on image for article!

Albert_Pike-Greater_Middle_East_War_World_War_3

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July 12, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Terrorists Will Use Car Bombs, Chemical Weapons and Dirty Nukes, False Flag Ramping Up!

  • Published on Jul 10, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.10.2014
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    Initial jobless claims dropped but continuing claims rise for the 3rd week. Housing prices are falling. More retailers are saying the weather is not the cause of slower sales. Germany has blessed the “bail-in”, this will take effect in 2015. 150 armored vehicles are approaching Ukraine’s Donetsk area in a full out attack. Hagel declares Islamic State (ISIS/ISL) an imminent threat to the US. Islamic State has captured chemical weapons, nuclear material and are promising to car bomb embassies. This is a push for a false flag. The central bankers/US government are pushing the propaganda to create an event to cover up the economic collapse.

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July 11, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

We’re On Cusp Of A “Nuclear” Meltdown In The Credit Markets!

WW3 is near?

  • We’re On Cusp Of A “Nuclear” Meltdown In The Credit Markets! 
    by http://investmentresearchdynamics.com/ 
    The bond market is going to crash in way that no one thought possible .  -  A very well-connected Wall Street insider and a friend of  mine for over 20 years
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    I have been warning anyone who wants to listen to get out of the bond market.   We are being given point-blank warnings from the elitists.   Two more huge warning flares were sent up this morning.
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    The BIS – Bank for International Settlements, the Central Bank of global Central Banks (i.e. the Fed answers to the BIS) – warned in its latest annual report that global credit markets “are once again in risky territory:”
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    The BIS focused mainly on fresh accumulation of new corporate and sovereign debt by asset managers rather than banks and scratched its head about the coincidence of sub-par economic activity and record low default rates that in turn depress borrowing rates and credit spreads ever lower nearly everywhere.
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    “Asset managers” means the mutual bond funds you are invested in with your financial advisor or your 401k plan.  Get out of them.  Here’s the article link:   Scoping The New Subprime As Watchdogs Cry “Bubble.”
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    Ironically, a Portuguese bank, Banco Espirito Santo SA missed a bond payment and its bonds did a cliff-dive (source:  Zerohedge):
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    read more!

Spain_Espirito_Santo_2013_Bonds_collapse_20140709

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July 11, 2014 Posted by | Economics | , , , , , , , | Leave a comment

Dollar Under Sustained Attack / Currency Wars to be Followed by World Wars!

  • Published on Jul 8, 2014
    Today in Brussels the French Finance Minister, Michel Sapin, will start a debate with his EU counterparts on how the European Union can reduce its dependency on the U.S. dollar. Should the discussion find traction it may contribute to the ongoing monumental shift in global monetary economics with the gradual decline of the dollar as the global reserve currency. Read full article

    http://www.zerohedge.com/news/2014-07… 

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July 11, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: Systemic Breakdown of the US Economy and its Deadly Aftermath! (Part 2)

“A real big major split in Hollywood right now. It’s the Satanists versus the old line … And  you see it all over the place in performances by Madonna and Katy Perry and a few others and they have their Satanic symbols and the naïve public say ‘Oh isn’t that cute!’. … triangle with an eye on the wall .. ‘Isn’t that cute’ … They don’t even understand what these symbols are: Satanic symbols! We got one on the backside of the one dollar bill. … The bricks, the 13 bricks (layers of the pyramid) on the backside of the dollar bill … the 13 bricks signify the 13 families from the (Free)Masons and the Black Nobility. Black Nobility means: in Satan’s service. So many of the owners of the Federal Reserve are Satanists. Americans need to wake up!” – Quote from 36:55 onwards

  • Published on Jul 9, 2014
    In Part 2 of this interview, Dr. Jim Willie looks ahead at the fast developing events as the Systemic Failure of the US Economy gathers steam. The landscape of the Financial / Economic and Geopolitical world is fast changing and Dr. Willie’s insights into these issues is invaluable.
Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

The Satanic capstone, the Anti-Christ, on your dollar bill !

The Satanic capstone, the Anti-Christ, on your dollar bill !

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July 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Is The FedRes Signaling When The Economic Collapse Will Occur?

  • Published on Jul 9, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.09.2014
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    Paris wants to tax unused office space which they say would help the housing market. Portugal’s largest bank misses a bond payment. Consumer credit is declining, spending is declining, companies earnings are declining the collapse is approaching. FED signals an exit plan by October. It seems collapses always occur in October. More global firms are using the renminbi and yuan for trade. 1 in 3 people have a RFID implanted in their dental work and they don’t even know it. Big Banks want to declare cyber war. ISIL captures a so called chemical weapons facility even though Iraq has no WMD.

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July 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Central Bankers Now Provoking War Everywhere To Cover Up The Economic Collapse!

  • Published on Jul 8, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.08.2014
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    UK manufacturing continues to decline. Small businesses are not seeing an improvement in the economy. The jobs numbers are falling but spending is declining, Walmart is concerned that the economy is not recovering. Obama asking for 3.8 billion for the illegal immigrant problem that the administration caused. US kidnaps Russian MP, might be used to trade with Edward Snowden. Ukraine waging full out war on the Ukrainian people and the central bankers/US government approve of this action. ISIS threatening all embassies around the world. Back in May the US state department sent explosives to embassies across the world. The US has a plan for civil unrest in the United States. Be prepared for a false flag event.

bankster_war_debt_creation_financing_both_sides

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James_Madison-MoneyChangers_Banksters_control_of_government_by_controlling_money

http://americanfreepress.net/?p=9149

Click on image for article!

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July 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Dr. Jim Willie: ISIS is Langley, Virginia – CIA! Iraq to be Broken into 3 Parts, Petrodollar Collapse, American War Empire, Satanic Wall Street / City of London Banksters ….

Click on image to download MP3 interview!

Click on image to download MP3 interview!

  • Dr. Jim Willie: ISIS is Langley, Virgina – CIA! Iraq to be Broken into 3 Parts, Petrodollar Collapse, American War Empire ….! 
    by http://www.tfmetalsreport.com/ 
    Bombs bursting in air. Gave proof through the night, that our Jackass was still there…
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    O
    n Wednesday, our pal Jim Willie stopped by Turdville as our guest for this week’s Access2Access presentation. Vault subscribers asked an abundance of terrific questions and Jim generously donated over 80 minutes of his time answering them.
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    In some ways, I want to apologize for letting this run 80 minutes. I know you’re busy, too, and likely don’t have the time to listen to the entire presentation. That’s OK. Maybe break it up into several sittings? If you do, you’ll hear Jim discuss:
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    If he sees anything significant coming in July
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    The real reasons and sponsors of the fighting in Iraq
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    His preferred ratio of gold and silver holdings
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    Under-the-radar developments with the big, European banks
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    He even gives us his darkhorse World Cup winner and much, much more

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July 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Did the “Central Banks’ Central Bank” Just Call for a Stock-Market Collapse?

Carroll_Quigley_Tragedy_n_Hope2

  • The BIS, FedRes, ECB, IMF, World Bank, BOE … and practically all central banks are privately owned Illuminist corporations. Their owners are the Satanic bloodlines, the Old Black Nobility of Europe headed by the British Monarchy. Their objectives are: Luciferian New World Order, Global Supra-National Central Bank, One World Currency backed by gold –> ’666′!
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  • This coming collapse is more than a stock market collapse. It is a global economic, financial and currency collapse. The drums of their Satanic WW3 Is beating louder and louder.
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  • Did the “central banks’ central bank” just call for a stock-market collapse? 
    by on June 30, 2014, http://notquant.com/ 
    Don’t look now, but the Bank for International Settlements (BIS), which is often referred to as the “central banks’ central bank”, just advised the world’s central banks to stage a market collapse now rather than later.
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    For anyone claiming that the many global critics of central banks are a “bunch of doomers”, that argument has now been officially buried, as the world’s premier forum of central bankers just sounded the alarm themselves:
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    The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .”
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    So what was that about “bringing forward the downward leg of the cycle”?   For anyone who thinks collapses aren’t planned, let’s call that “Exhibit A”.  So much for free markets.  Let’s be clear:  The same forum of the world’s central bankers which recommended this monster bubble in the first place  and enriched the world’s top-1% to historic levels, is now discussing “bringing forward the downward leg of the cycle“.  Is there anything that isn’t planned?
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    Oh well, so much for our roaring equity markets. Those are apparently about to be sacrificed in a planned collapse — er, sorry, in a “bringing forward of the downward leg of the cycle“.   Not that our soaring markets were indicative of any underlying economic health anyway.   The BIS was kind enough to point out to it’s member central-banks that, markets are not only officially broken but the disconnect between markets and economic reality is your fault guys.
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    “Financial markets have been exuberant over the past year, at least in advanced economies, dancing mainly to the tune of central bank decisions. … Growth has disappointed even as financial markets have roared:  The transmission chain seems to be badly impaired.   …  Over time, policies lose their effectiveness and may end up fostering the very conditions they seek to prevent”.
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    The BIS is worried about the bubble it recommended in the first place:
    Well it’s all very nice that the BIS has warned that the world’s central banks have now officially broken markets and created a new bubble.    But there seems to be some serious double-speak involved in the language of “recovery” and “new bubble creation”.  Literally everyone in central-banking-land agreed that the bubble needed to be reflated after the housing-bust.  But now that it’s been reflated there’s a rather ironic concern that…uh oh… we reflated it.
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    Hello?
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    read more!

Louis_McFadden_1929_Stock_Market_Crash_International_Bankers

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Josiah_Stamp_BOE_on_Bankers_n_Slavery

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July 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Countdown to Petrodollar Collapse: Saudi Arabia Will Be The Last Staw!

PetroDollar_Scam_Breaking_Down

PetroDollar is dying!

PetroDollar is dying!

  • ” ‘The day’ of reckoning is very close at hand and is inevitable. …. It is my expectation that we will hear any day now from the Saudi Arabians. … Should Saudi Arabia make an announcement of accepting another currency, the dollar will probably gap down 2-3 points initially and never again return to these current ‘heights.’ … In my opinion, our markets and banking system will not hold together more than 2 weeks after any such Saudi  announcement and it could be much faster .. - Quote
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  • Saudi Arabia Will Be The Last Staw
    by Bill Holter, http://blog.milesfranklin.com/ 
    Vladimir Putin spoke last week to Russian diplomats and in my opinion “told it like it really is” whether we like it or not.  He said that “the time of U.S. domination has ended and Russia will be reintegrating the Eurasian landmass (former USSR), while promoting better relations with Europe, ‘which is our natural partner’. “  The full story can be found here.
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    The following is just a sample of what has happened in just the last week alone.  Mr. Putin made this speech and also made the statement that the U.S. was trying to “blackmail” France into not doing business with Russia.  France signed a yuan swap deal with China followed by the head of France’s central bank saying flat out that the world will be encouraged to diversify away from using the dollar.  Also from France, the CEO of energy giant Total said he believes “there is no reason to pay for oil in dollars”.  South Korea announced direct trade with China where no dollars will be used.  Saudi Arabia, Egypt and Jordan all called troops to defend their borders with Syria and Iraq in anticipation of ISIS turning their sights towards them.  The largest bank in Austria revealed that their bad loan portfolio increased by 40%.  In the U.S., the big news was the creation of 288,000 “new jobs”.  Unless you look under the hood you will not hear that 500,000 full time jobs were lost and 800,000 part time jobs were created.  These are all big individual stories and all have something to do with a weakening dollar, a weakening United States and reasons to move away from the dollar.
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    Almost everything that is now happening (almost exclusively bad) revolves around the dollar.  Actions by the U.S. that are now more and more obvious and desperate are designed to prolong the dollar’s life and actions by foreign nations are simply the preparations for when the day does finally arrive.  “The day” of reckoning is very close at hand and is inevitable.  We have lived for several decades where we “borrowed to buy” and paid with a currency that we can print freely and never really settled.  We never “planned” to settle …this was the plan.
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    One by one our allies are leaving us.  Britain has already announced direct currency swaps with China.  France is doing business directly with Russia.  South Korea is also doing direct business with China.  All of these deals are with the exclusion of U.S. dollars.  Each individual deal that is done is another chip away at the dollar.  It is my expectation that we will hear any day now from the Saudi Arabians.  They are the absolute trump card and should they announce any deal with any partner in any currency other than dollars, “the day” will have arrived.  Should Saudi Arabia make an announcement of accepting another currency, the dollar will probably gap down 2-3 points initially and never again return to these current “heights.”  No matter how it is spun by the press, Washington or Wall Street, please know that life as we knew it will have changed.  For us Americans, there will be no going back.
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    In my opinion, our markets and banking system will not hold together more than 2 weeks after any such Saudi  announcement and it could be much faster (as in the next day or even same day).  This is not me “crying wolf”.  The wolf is at the door and if you put the international pieces together this is clear.  Life inside of the U.S. (and all over the world) will change.  Our standard of living will be crushed.  What “dollars” you have left after the smoke clears will purchase far less than they do today.  In my opinion it will take 10 to 20 years before our ship can possibly be righted but never to the status that we have enjoyed so far during our lifetimes.
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    Please do not be fooled or lulled into the “it can’t happen” here syndrome.  Who would have thought that Britain, France and South Korea would ever defect their business practices away from the U.S.?  This has all happened in a very short time span.  I can’t tell you strongly enough that Saudi Arabia will be the last straw, this is only be a matter of time.  We know that even our closest allies are moving away from the dollar and we also know that Saudi Arabia has had several top level talks with both Russia and China recently.  How much more of a “2+2=4″ equation do you need?

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July 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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