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Wanda Sykes on Politics & Sarah Palin (Humor)

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February 17, 2009 Posted by | Satire | | 2 Comments

Bob Chapman – America Has To Come To Grips With The Fact It Is Bankrupt!

  • Bob Chapman of International Forecaster  says :
    America has to come to grips with the fact it is bankrupt. We saw this in the early 1980s, and in the early 1990s and again in 2002-2003. Finally it is here again and moving bad assets off bank balance sheets isn’t going to work this time. This time the Illuminists have gone too far, and they are well aware of that. What we are experiencing has been done many times before in history and it has always been unsuccessful. The problem is that in the past these conspirators have been allowed to live on. This time it will be different.
    The elitists have used the same destruction of capital in this depression as they did in the 1930s via a profligate, irresponsible monetary policy. That is endless and mindless increases of money and credit and zero interest rates. Falling interest rates usually cause a weaker dollar. The dollar has topped out of its rally and is making a slow downturn, which would have otherwise been quicker had not other major nations agreed to drop their rates to zero and increase money and credit as well. For the time being this cooperation is buying time for the international financial system and the dollar, but it is doomed to failure. The lowering of interest rates is not a cure for deflation, but poison for the economy and they reinforce deflation. It is interesting to note that under its Charter the Fed cannot be party to monetization of public debt under their charter, but they do so anyway, because Congress authorized it. That is the purchase of Treasury bonds in the open market and using them as collateral for its note and deposit liabilities after the fact. The bottom line is this forces capital to disappear into other investment avenues, such as gold. The dynamics of lower interest rates are continuing and totally injurious to the monetary structure. Throw in the bailouts and you’ve created a monster. That is why gold and silver is your only avenue of escape.
    The point of no return was passed in June of 2002, and that is when the issuance of money and credit began to grow seriously. The result is the banking system is already in a state of collapse and the dollar is sure to follow. Looking back at monetary history we know that zero interest rates is pure insanity. The Fed, banking, and Wall Street know this and this helps us to conclude that none of this happed via incompetence or chance, but by deliberate intent.
    In the early 1920s the Weimar Republic was hit by hyperinflation that lasted for several years. Germany, in moving into the 1930s, then experienced deflation.
    We began deflation five years ago in 2004. That was kept under control with increases in money and credit. The Fed was joined about six months later by most central banks. The vast increases of money and credit continued along with monetization, so we should see the beginnings of hyperinflation soon. That should last at least 2-3 years. That will be followed by deflation and deeper depression. As the trillions in debt is liquidated it will be smothered by the hyperinflation and substantially higher gold and silver prices. The banking system has been broken. The dollar falls next versus other currencies and gold, then all currencies collapse versus gold.
    What we are seeing in banking is no solution. The banks have to be purged and allowed to fail. Until that happens there will be no solution. Only a return to a gold standard can regain the confidence and trust of people worldwide. The concept of good and bad banks under present circumstances is ridiculous-moronic. The very concept is mad. Our situation is worse than in the 1930s or in the early 1990s in Scandinavia. The problem under our circumstances is that both banks are bad, because our currency is worthless without gold backing.
    If we are correct, and we believe we are, the stimulus package and TARP, plus all the other bailouts are not going to work. This so-called solution is just more of the same, but more of it. When you stop to think of it how can a bankrupt nation with a fiat currency save a banking system that is bankrupt as well? The solution to this is a simple. Back the dollar with gold and set the official price at $2,000 an ounce, although it may be trading at $3,000 in the marketplace. The US Mint would then vastly increase the number of gold coins available for purchase. Of course if the treasury has little or no gold they cannot do this, and the whole system collapses. Otherwise, with gold backing, capital would flow to America. Such a currency would allow nominal interest rates and would draw users and prices would remain stable. Eventually all countries would do likewise, set a world gold standard, and tariffs that suited their circumstances. If a nation was short on gold or had none, they’d have to sell assets to others to accumulate gold.
    If the forgoing is not adopted the world will continue to plunge into monetary chaos. Revolutions would take place as starvation and warfare stalked the land. We expect the worst, because no change has taken place in Washington. We have virtually the same purchased and compromised Congress. The President’s new advisors will bring about the same results we have seen over the past eight years. That is the grand push for a world currency and a world government. These are all the same characters along with banking and Wall Street that caused these problems in the first place and supposedly are finding solutions to our dilemma. In finality, if we do not take our government back from these evil, miscreants we are doomed. Your solution, as we have pointed out so often, is to prepare. Get rid of credit card debt. Purchase a water filter, freeze-dried and dehydrated foods, be able to defend your home and family, with extra assets buy gold and silver coins and shares. If you can, still try to save the system from within. If we cannot, you know what the alternative is.
    Due to the pending stimulus package and another probably $2 trillion stimulus package in 2010, the bottom of the housing market won’t be hit until 2012 or even later. Moody’s has downgraded 2,446 different classes of RMBS, Residential Mortgage Backed Securities. ALT-A loans originated in the second half of 2007 will experience 25.5% losses of original balance, versus 23.9% of the first half of 2007 deals, 22.1% for the second half of 2006 and 17.1% for the first half of 2006 deals. The CDOs and SIVs are soon going to be written off and that could cost $2 trillion. It will take at least until 2017 to put a new credit system in place. It will take years beyond that for the Fed and the Treasury to sell off the toxic waste.
    By the time next year’s stimulus package is unveiled, the Dow should be trading between 3,800 and 5,500. That is bad, but what is worse is that pension funds about 80% funded, will be 40% to 50% funded. We ask how do they pay the promised benefits? We don’t think they can and pensions could be cut 40 to 50 percent. We wrote about this six years ago and called it the pension bomb. On the municipal level the situation will be much worse. Some states, such as California, which is bankrupt, may not pay anything at all. Calpers and the other state fund are on the edge of insolvency.
    Treasury Secretary Timothy Geithner’s efforts to restore trust and confidence in our markets have fallen on deaf ears. We still do not know all of what he intends to do with $350 billion in TARP funds. What we do know for sure is that he wants to give financial firms as much of it as possible. He wants a repeat of TARP I, the theft of taxpayer funds to bail out his masters. His plan entails a price of $2.75 trillion and the ‘what he calls’ nationalization of the banking system, which in reality is the consolidation and further privatization of the banking system – a tight control by the privately owned Fed on as much of the banking system as possible.

  • The world seems to be heading towards monetary collapse! Fiat currencies created out of thin air by the Central Banksters particularly FedRes and those in Europe are in trouble. People will flee to Gold ! Ignore Mr Chapman’s wisdom to your own peril !


February 17, 2009 Posted by | Economics | , , , , , , , , | 2 Comments

Japan Economy – Once in a Century Calamity !


Toyota Motor Corp.’s Lexus LS600 hybrid sedans on the production line at its Tahara plant in Tahara City, Japan. Photographer: Kimimasa Mayama/Bloomberg News

  • Just how bad are things for Japan? AP reports :
    Strangled by the collapse in global export demand, Japan’s economy shrank at its fastest rate in 35 years in the fourth quarter and shows no signs of reversing course anytime soon.
    Japan’s gross domestic product contracted 3.3 percent from the previous quarter, or an annual pace of 12.7 percent, in the October-December period, the government said Monday.
    That was worse than expected and the steepest slide for Japan since the oil shock in 1974. It is more than triple the 3.8 percent annualized contraction in the U.S. in the same quarter.
    “There is no question that this is the worst economic crisis since the end of World War II,” said Economy Minister Kaoru Yosano. “The outcome clearly shows that Japan’s export-dependent economy has been severely hit.”
    Chief Cabinet Secretary Takeo Kawamura went further, calling the economic downturn a once-in-a-century calamity.
    Japan’s economy — the world’s second-largest — has now contracted for three straight quarters and is almost certainly headed for a fourth.
    The first three months of the year will likely be “another horrifying quarter,” said Kyohei Morita, chief economist at Barclays Capital in Tokyo, who predicts GDP to contract an annualized 10 percent during the period.
    The latest data underscore the vulnerability of Asia’s export-driven economies during global downturns and point toward more cuts in jobs, production and profits in the coming months. Even demand from emerging markets, which earlier had partly offset declines in North America and Europe, began falling sharply in the fourth quarter.

  • Toyota the icon of efficiency, financial stability and Japanese manufacturing might is tanking big time. Toyota Will Cut Japan Output 54% in Current Quarter :
    Feb. 16 (Bloomberg) — Toyota Motor Corp., the world’s biggest carmaker, will slash domestic production 54 percent in the current quarter as demand plunges in the U.S. and Japan.
    The company’s output, excluding its Daihatsu Motor Co. and Hino Motors Ltd. units, will drop to about 519,000 vehicles in the three months ending in March, compared with 1.13 million units a year ago, according to figures derived from Toyota’s latest full-year forecast. Toyota spokesman Paul Nolasco declined to confirm the figures.
    The worst U.S. car market in 28 years is forcing Toyota to widen production cuts after it slashed domestic output 23 percent in the third quarter. The plunge in car production at Japan’s largest company is contributing to the country’s sharpest economic contraction since the 1974 oil shock.
    “This kind of drop is unprecedented, probably since the end of World War II,” said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, which manages about $3.1 billion. “This is terrible.”

  • Bad economic news ‘Ain’t over till the fat lady sings!’ The fat lady seems to have contracted severe bronchitis and soar throat. No schedule on when she will recover.


February 17, 2009 Posted by | Economics | , , , , | Comments Off on Japan Economy – Once in a Century Calamity !

Peter Schiff tells Saudis : Nobody Will Want Dollar ! Buy Gold and Gold Mining Shares.

  • Peter Schiff : “…next few years alot of bad things .. going to happen in America. Food shortages, price control, black markets…Americans will flee the dollar…. nobody wants them(dollar)…
  • His advice to the Saudis : “…do something really smart !”  Buy Gold and Gold mining shares. Own all the gold !


February 17, 2009 Posted by | Economics | , , , , , | 5 Comments

How International Bankers Gained Control of America!

  • Would you like to know who is really behind this worldwide economic collapse? This video explains the history of how international central bankers have gained control of the issuance of money over practically all of the Western world.
  • The Federal Reserve is no more Federal than Federal Express and they do not have any reserves. The Federal Reserve is a private corporation that serves itself and make profit for itself and the private bankster shareholders!
  • Why do we have high inflation? Why has the USD lost over 94% of its purchasing power? The cause is these central banksters including the Federal Reserve. These banksters control western governments worldwide.
  • Although this video is some what dated (1995). The history it tells is accurate. It explains to you how the early American leaders fought against the creation of the Federal Reserve and warned time and again against this organization. The curse of the Money Changers/Lenders is upon all of us.
  • 1 Timothy 6:10 (New King James Version)
    10 For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.


February 17, 2009 Posted by | Economics, History | , , | 21 Comments