Socio-Economics History Blog

Socio-Economics & History Commentary

Trillion Dollar Bailouts Will Lead To Destruction Of Western Currencies

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  • Associate Director of Tyche Martin Hennecke warned in a CNBC interview that Treasury’s announcement to buy $1 trillion more of toxic debt, together with last week’s announcement by the Fed to throw a further $1 trillion at the problem, is a continuation of what caused the crisis in the first place. Such measures will ultimately lead to the destruction of major western currencies and staggering hyperinflation.

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March 24, 2009 Posted by | Economics | , , , , , , | 1 Comment

Corporatism – The Secret Government of the New World Order

  • Jeffrey Grupp on Alex Jones TV. YouTube :
     
    Jeffrey Grupp, the author of Corporatism: The Secret Government of the New World Order.Corporatism is the merger of big business with big government. It is a political and economic system where labor bosses and bankers are the government. Under corporatism, corporations control the economy. Through it, they control the social and psychological structure of a nation. Corporatism is a system where government is obsessed with corporate profit, in any way needed, regardless of human cost 

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March 24, 2009 Posted by | GeoPolitics | | 1 Comment

Why the End of America is Closer than You Think !

  • Mike Adams has written an excellent piece :
     
    I recently moved to Ecuador. Not for a vacation. Not for a month or two. I moved to Ecuador for good, as a permanent resident. Upon hearing my plans for living in South America, many people who knew me in the States asked things like, “Well what about the stability of Ecuador as a nation?” To which I would respond, “Oh, you mean the stability of banks that don’t make loans and don’t invest in derivatives? You mean the stability of a nation where the population still has the courage to march in the streets and throw corrupt officials out of its capitol?”
     
    These questions make Americans pause. Most tend to think of public demonstrations as signs of a political instability. But in fact, public demonstrations are a sign of a healthy Democratic process. And Democracy is alive and well in Ecuador (with the usual level of corruption you find in any democracy).
     
    It is in America, where the sheeple have been terrorized into staying inside the boundaries of their little “protest zones,” that you find a fragile, unstable nation.
     
    Through complacency and fear-mongering, most Americans have become cowards when it comes to political activism. They think emailing their Senator a few times a year is all that’s required to defend freedom and preserve a nation. Marching in the streets is seen as uncivilized… or even unpatriotic! The government agrees with this, too, now labeling anyone who protests in public a “potential terrorist” and targeting them for FBI investigations. (
    http://www.foxnews.com/story/0%2C29…)
      
    The multi-trillion-dollar theft scheme
    In the mean time, while the sheeple of America are caught up in their hypnotic dreams of world domination, white-collar hoodlums in Washington D.C. and Wall Street are stealing everything!
     
    The oft-repeated creation of $1 trillion in new money out of thin air by the Federal Reserve has made the U.S. dollar the laughing stock of the world. The leaders of the G20 nations have already decided to ditch the dollar and shift to other world reserve currencies, and China is now blatantly and publicly asking the U.S. put up some kind of collateral to back up future debt purchases, to which the U.S. says “Don’t worry about the debt. We’re good for it!”
        ….
    The Fed’s plan to increase the money supply 15-fold
    But the real story starts to unfold when you realize the Federal Reserve is now hell bent on multiplying the U.S. money supply by a whopping fifteen times in 2009! This excellent article explains how this number is derived:
    http://www.marketskeptics.com/2009/…
     
    Now think about this: If the Federal Reserve increases the U.S. money supply by a factor of fifteen, that means your dollars will be worth only 1/15th the value they represent right now. So a loaf of bread that costs a dollar right now could cost $15 when all this extra money ripples through the system. (Which will obviously take a couple of years, but 2009 will be the beginning of it.)
     
    This is called “hyperinflation.” We’re talking about a loss of over 93% of the purchasing power of the dollar. That, my friends, is called a collapse of the currency.
     
    And once it starts, the floodgates will be opened and the tsunami of investors and nations offloading dollars will be catastrophic and irreversible. By the time it’s all done, the dollar might end up losing 99.9% of its value, and you can use greenbacks to light a fire or wipe your back side, as they will be useless for anything else.
     
    Why America’s currency — and government — is headed for total collapse
    That’s why I say America’s days are numbered. The America as we know it, at least. This repeated creation of trillions of dollars in new money by the Federal Reserve is the last great looting of the U.S. economy by the wealthy elite. The Titanic is sinking, and high officials have monopolized the life rafts, leaving everyone else to drown with the ship. And while they’re rowing away from the doomed vessel that’s taking on water, they shout back to the low-income workers clinging to the rails, “Don’t worry! The ship isn’t really sinking. It’s just ‘correcting!'”
     
    The truth is that America IS sinking — and it’s not just the currency I’m talking about here: America’s criminal health care system has sickened the population and outlawed any real healing practices, too. Meanwhile, the FDA and FTC have attempted to destroy all knowledge of natural remedies that can prevent and cure disease, further compromising the future of the American People.
     
    On the dollars-and-cents side, America’s economy is a fictitious mish-mash of corporations selling poisons to the people, and people buying junk they don’t need, and everybody paying through the nose for disease care services that ultimately provide no net benefit to the population.
     
    America’s infrastructure is crumbling, its industries are already gutted, and its exports resemble third-world agricultural nations more than first-world developed nations. Its political leadership is, with very few exceptions, a band of diseased, ignorant influence peddlers who sell out their constituents at every opportunity.
     
    Perhaps more importantly, America has abandoned the principle of law. Laws no longer matter in America because they are selectively enforced only against those who threaten powerful institutions or corporations. America is no longer a nation of freedom and justice for all. Rather, it is a nation of greed and profit for the few, followed by oppression and bankruptcy for everybody else.
     
    What’s coming soon for America
    Given these circumstances, it is not difficult to predict the demise of America as we know it. The U.S. dollar will eventually collapse or be abandoned. This could happen literally overnight, or it could take years, but make no mistake: The American people will not be forewarned of the collapse of the dollar. It will be a sudden, surprise announcement, and all the politicians and banking elitists who engineered the whole thing will pronounce their “shock” that such a thing could happen! “We could never have predicted this,” they will insist, even while the whole thing was actually engineered by the very same people.
     
    One day, Americans will wake up and discover that all banks are on “bank holidays” (which means that someone in Washington is taking a holiday with your money while YOU can’t access it).
     
    Within hours, the National Guard will roll into the cities of the United States, and Americans will find themselves penniless prisoners in their own country. Anyone who protests will be arrested or shot. Law will be dispensed at the end of military rifles, and the President will get on television and explain how this is all being done for YOUR benefit! It’s for your own safety and protection, didn’t you know?
     
    From here, it’s difficult to say exactly what will unfold. We could see UN troops on U.S. soil, the IMF taking over the U.S. banking system, and the forced transition to a global currency. Other possibilities include the Balkanizationof the formerly-united States of America, with regional nation-states declaring their own independence from Washington.
     
    During this chaos, just-in-time delivery of food and products will grind to a halt. Store shelves will be emptied. A healthy economy of barter will immediately spring up to fill the void. Those who have things to trade (toilet paper, butter, salt, sugar, matches, gold, silver, food, fuel, etc.) will eat. Those who don’t will starve. Health will plummet and infectious disease will become a very real threat in many cities. The conventional medical system will, of course, be utterly useless and will run out of medicine within days or weeks.
     
    This economic transition chaos will be short-lived, however, and from the ashes of economic turmoil will spring a new nation (or nations) of People who have finally awakened from their complacency. New governments will be forged, and the fields of economic ruin will be ripe for the planting and sprouting of new ideas from a new generation of visionary leaders.

       
  • His cataclysmic view about America is the same as mine. Unfortunately, the sheeple still prefer to be ignorant. Ignorance is bliss right? I suppose if their house is on fire, some people will happily be ignorant of the fire and continue watching their soap, sitcoms and what not…. Until their children dies and they suffocate in the smoke. Finally, the sheeple ask : “Why me God? Why me? Why are you so cruel?”. The answer is: Why not you? Many warnings are given but sheeple just want to live in their dreamland. To be forewarned is to be forearmed.

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March 24, 2009 Posted by | Economics | , , , , , , | Comments Off on Why the End of America is Closer than You Think !

China calls for New Reserve Currency – 1 World Currency ‘666’ Just Around the Corner

  • The USD is on life support. Not much longer to live IMO. Financial Times reports :
     
    China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
     
    In an essay posted on the
    People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

March 24, 2009 Posted by | Economics, EndTimes | , , , , , , | 5 Comments

Obama Economic Program: Increased Bondage to Wall Street Billionaires

  • Will all these new economic programs by the Obama administration work? It is the legalized ‘stealing’ of taxpayer funds to support the banksters. American taxpayers, Main Street, need to wake up to this reality. Why can’t we just let the banks go bust? America has more than 8000 banks. So what if these big ones collapse. Taxpayers foot the bill for AIG’s incompetence. AIG uses the bailout money to pay off banksters. Why can’t these bankster counter parties take a loss. Why should it be borne by taxpayers? See The Real AIG Conspiracy .
     
  • Richard C. Cook op-eds :
      
    The Obama administration is spending hundreds of billions of dollars trying to persuade the banking system to restart lending. Federal Reserve Chairman Ben Bernanke plans to create hundreds of billions more of new bank reserves by purchasing mortgage-related debt. With Bernanke and Treasury Secretary Timothy Geithner working together, “the initiative will seek to entice private investors, including big hedge funds, to participate by offering billions of dollars in low-interest loans to finance the purchases. The government will share the risks if the assets fall further in price.” (Martin Crutsinger, AP) Finally, President Obamais taking over the distinction of being the biggest Keynesian in history with a fiscal year 2009 deficit of $1.75 trillion.  
     
    The cancer of debt grows by the day. According to Michael Hodges’ famed “Grandfather Economic Report”: “America has become more a debt ‘junkie’ than ever before, 
with total debt of $57 trillion, and the highest debt ratio in history. That’s $186, 717 per man, woman and child.”
     
    With the federal bailouts of the financial system and the recession, the debt load has increased by $4 trillion in the last six months. What are we going to do with even more debt coming?
     
    The growth in debt will be impossible for households to deal with when more then half a million jobs are still being lost per month. Impossible too for U.S. businesses when the drop-off of consumer spending reflects not only job loss but also a new propensity to actually save a portion of our earnings after the mortgage-based spending spree of the last decade. 
      ……….
    The Obama economic program, which so-called progressives call “revolutionary,” will take us further away from, not closer to, real solutions. The massive new debt it creates can only be enforced by the courts, the police, and ultimately military power. Within the U.S., the authorities are preparing for civil unrest. Overseas, “dollar hegemony,” the system by which nations like China continue to enable our massive debt, is increasingly unstable as the world bails on the dollar as its reserve currency.
     
  • What is the history behind these banksters ? How did they take control of America to enslave everyone? Richard C. Cook again :
     
    We live and work under a debt-based monetary system that has been in force since Congress passed the Federal Reserve Act of 1913.  It’s how the system works. The government goes into debt, and the banking system then uses it as a reserve base for lending to the public. 
      
    It wasn’t always this way. In the 19th century, until the Civil War, the government lived within its means. President Thomas Jefferson balanced the federal budget for eight consecutive years, and President Andrew Jackson paid off the national debt.
     
    Back then the government issued currency based on gold and silver, and the U.S. mint stamped precious metals into coinage for anyone who brought it through the door. Local commerce was fueled by a system of state and local banks operating on the “real bills” doctrine. Inflation was virtually unknown, and unpaid debt led swiftly to bankruptcy and a sheriff’s sale.
     
    When the Civil War began, President Lincoln needed money fast. The New York bankers offered outrageous terms: interest at 24-34 percent. So Lincoln was authorized by Congress to print and spend Greenback money directly into circulation. Contrary to later propaganda, the Greenbacks were not inflationary. They were upheld by the Supreme Court as constitutional and remained in circulation until the early 20th century. They even spawned the Greenback Party that elected members of Congress and ran candidates for president.
     
    But the bankers, by now centered on Wall Street, gained a foothold with the National Banking Acts of 1863 and 1864, where the banks were allowed to purchase Treasury bonds as a lending reserve. Currency issued by the state and local banks with their hard money reserves were taxed out of existence.
     
    In 1913 the bankers’ trap snapped shut when the Federal Reserve System came into existence. After World War I, the currency inflated so much that the value of both the Greenbacks and coinage were destroyed.
     
    A monetary system based on bank lending means constant cycles of inflation and deflation. The banks create these financial bubbles then destroy them, always to their profit. In the 19thcentury, the deflations were called “panics.” The Great Depression was a bank-created panic on an unprecedented scale. The collapse of 2008-2009 is the panic we’re in now, but with plenty of assets on the market at fire-sale prices for those rich enough to cash in. For instance, there was a lot of hand-wringing when Citigroup’s stock dropped to $1 a share. But those who could still buy-in saw their holdings triple in value when the stock rose to $3 a share a few days later. 
       
  • The banksters own the government. They are stealing from Main Street to enrich themselves. See also :
     
    Ron Paul – I See No Purpose for the Federal Reserve!
    Banksters Rule America !
    The Federal Reserve: Secretive And Incompetent Organization ! The Creature From Jekyll Island.
    History of Money & Fractional Reserve Banking System
    How International Bankers Gained Control of America!
    Federal Reserve is a Private Company. 
    Ron Paul – Federal Reserve is the Culprit!

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March 24, 2009 Posted by | Economics | , , , , | 2 Comments