Socio-Economics History Blog

Socio-Economics & History Commentary

Bilderberg Group’s One World Government Objectives!

  • What are the objectives and agenda of the powerful but shadowy Bilderberg group? Stephen Lendman writes :
     
    Bilderberg Objectives
    The Group’s grand design is for “a One World Government (World Company) with a single, global marketplace, policed by one world army, and financially regulated by one ‘World (Central) Bank’ using one global currency.” Their “wish list” includes: 
     
    — “one international identify (observing) one set of universal values;” 
    — centralized control of world populations by “mind control;” in other words, controlling world public opinion; 
     
    — a New World Order with no middle class, only “rulers and servants (serfs),” and, of course, no democracy; 
     
    — “a zero-growth society” without prosperity or progress, only greater wealth and power for the rulers; 
     
    — manufactured crises and perpetual wars; 
    — absolute control of education to program the public mind and train those chosen for various roles; 
     
    — “centralized control of all foreign and domestic policies;” one size fits all globally; 
     
    — using the UN as a de facto world government imposing a UN tax on “world citizens;” 
     
    — expanding NAFTA and WTO globally; 
    — making NATO a world military; 
    — imposing a universal legal system; and
    — a global “welfare state where obedient slaves will be rewarded and non-conformists targeted for extermination.” 
     
    Secret Bilderberg Partners are :
    — Council on Foreign Relations (CFR)  ……
    —  Trilateral Commission …… &
    —  Dominant Media Partners
     
    Former CBS News president Richard Salant (1961 – 64 and 1966 – 79) explained the major media’s role: “Our job is to give people not what they want, but what we decide they ought to have.”
     
    CBS and other media giants control everything we see, hear and read – through television, radio, newspapers, magazines, books, films, and large portions of the Internet. Their top officials and some journalists attend Bilderberg meetings – on condition they report nothing.
     
    The Rockefeller family wields enormous power, even though its reigning patriarch, David, will be 94 on June 12 and surely near the end of his dominance. However, for years “the Rockefellers (led by David) gained great influence over the media. (With it) the family gained sway over public opinion. With the pulse of public opinion, they gained deep influence in politics. And with this politics of subtle corruption, they are taking control of the nation” and now aim for total world domination. 
     
    The Bilderberger-Rockefeller scheme is to make their views “so appealing (by camouflaging them) that they become public policy (and can) pressure world leaders into submitting to the ‘needs of the Masters of the Universe.’ ” The “free world press” is their instrument to disseminate “agreed-upon propaganda.” 
     

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June 4, 2009 Posted by | GeoPolitics | | 6 Comments

The Big Collapse Could Be Very Near !

  • The current bear rally is catching most people by surprise. In the 1929 depression, the market recovered 50% from the low in 1929 of 198.69 to a high of 294.07 in 1930. Thereafter, it collapsed to 41.22 in 1932. No bear or bull market moves straight up or down. It moves in waves like high tide or low tide. 
       
  • The coming collapse of the bond market and the USD collapse will make the Oct 2008 stock market crash look like a walk in the past.
    Robert Wenzel comments on the coming crisis:
      
    The Federal Reserve appears to be increasingly nervous about the long term bond market. This is serious. How panicked are they? After leaking a story on Friday, they are back at it on Sunday.
     
    The Federal Reserve leaked to CNBC’s Steve Liesman on Fridaythat they weren’t targeting long rates. Why such a leak? Probably because the Fed did not want to appear impotent in controlling the long rate. So they put out the word through Liesman that they weren’t targetting the long rate. Can you imagine what would happen to the markets if it sensed long rates were beyond the control of the Fed?
     
    The Fed can of course print money to buy up every Treasury bond in existence, but the inflationary ramifications would be Zimbabwe like, and crush the dollar on international currency markets. Are we near the phase where all hell breaks loose? I have never even answered, maybe, to this question before. It’s always been, “no.” Now it’s maybe.
     
    What really has me spooked is another article out this afternoon (on a Sunday) that Drudge has even picked up. It’s a Reuters story by Alister Bull. The headline:
    Federal Reserve puzzled by yield curve steepening.
     
    Translation, the Fed doesn’t know what is going on, but they are really scared.
     
    Here’s more from Bull:
     
    The Federal Reserve is studying significant moves in the U.S. government bond market last week that could have big implications for the central bank’s strategy to combat the country’s recession.
     
    But the Fed is not really sure what is driving the sharp rise in long-dated bond yields, and especially a widening gap between short and long term yields.
     
    Do rising U.S. Treasury yields and a steepening yield curve suggest an economic recovery is more certain, meaning less need for safe haven government bonds and a healthy demand for credit? If so, there might be less need for the Fed to expand the money supply by buying more U.S. Treasuries.
     
    Or does the steepening yield curve mean investors are worried about the deterioration in the U.S. fiscal outlook, or the potential for a collapse in the U.S. dollar as the Fed floods the world with newly minted currency as part of its quantitative easing program. This might be an argument to augment to step up asset purchases.
     
    Another possibility is that China, the largest foreign holder of U.S. Treasury debt, has decided to refocus its portfolio by leaning more heavily on shorter-term maturities…
     
    An obvious culprit for the move in bond yields is the country’s record fiscal deficit, which will generate a massive amount of new government issuance.
     
    The U.S. Treasury must sell a record net $2 trillion in new debt in 2009 to fund a $1.8 trillion projected fiscal deficit, resulting from falling tax revenues, an economic stimulus package and sundry bank bailouts.

     
    It’s the Chinese, and any other Treasury bond buyer who follows the markets, that have pulled away, to varying degrees from buying Treasury long securities. No one wants to be the last one holding bonds, where the new debt about to be issued is in the trillions.
     
    Bull continues with the part of the message the Fed really wanted to get out:
     
    With officials still grappling to divine the factors steepening the yield curve, a speedy decision on whether to ramp up the Treasury debt purchase program or the related plan to snap up mortgage-related debt seems unlikely.
     
    “I’m in wait-and-see mode,” said one Fed official who spoke on the condition of anonymity. “We laid out the asset purchase plan and we’re following it. That is going to have some affect on various interest rates, but together with a hundred other things. So I don’t think we should be chasing a long-term interest rate,” the official said.
     
    It’s the same message as Friday. The Fed does not want to spook the world into thinking that it can’t push long term rates down, so it says it is not trying. But if rates continue to climb, a panic out of Treasury securities is a very likely scenario. And Bernanke has only one play to force long rates back down, buy every long bond in sight, which of course is highly inflationary and puts upward pressure on rates. How’s that for a dilemma?
     
    The end of the current financial system, as we know it, maybe iminent. If you would have asked me even two weeks ago if collapse was imminent, I would have said it was highly unlikely, now I am saying it is possible. Bernanke may be able to patch things up short-term, if he is lucky, but long term the U.S. financial structure is in serious trouble. There is just too much Treasury debt that needs to be raised. An international panic out of Treasury securities, even a slow controlled panic, means the Fed will be the major buyer. This will ultimately mean record inflation.
     
    And keep this in mind, we have never seen a collapse of a currency like the dollar. Even the hyperinflation during Germany’s Wiemar Period can not serve as an example. Since the dollar is the reserve currency of most of the world, a panic out of the dollar means more dollars will return to the U.S. shores than any country has ever experienced.
     
    Other countries have had collapsed currencies, but never in the history of world of finance has so much currency been held outside a country of issue that could come flying back, almost on a moments notice. If the panic out of the dollar starts, even if Bernanke stops printing money (unlikely), all the dollars flying back into the U.S. could cause a huge price inflation all on its own.

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June 4, 2009 Posted by | Economics | , , , , , | Comments Off on The Big Collapse Could Be Very Near !

Krugman: Slowdown Could Last 5 To 10 Years

  • 5-10 years sounds about right. All this talk about ‘green shoots’ is just that: talk. I doubt any amount of Keynesian stimulus can do the trick. America is broke. There is simply too much debt in the entire system. America has reached the point where nobody is willing to finance their extravagant ways any more. Treasury yield has increased dramatically over the past few weeks. Investors are worried. BBC reports :
      
    The economic slowdown could last five to 10 years and cost trillions of dollars, a top US economist has warned.
     
    Paul Krugman, who won the 2008 Nobel prize for economics, told the BBC that any recovery would be “so slow it would feel like a recession”.
     
    He is urging the US government to introduce a second stimulus package of $500bn (£300bn) to boost the economy. And he rebutted claims that such a move would be inflationary, saying it was “not impossible” to reduce the deficit.
     
    Professor Krugman, a leading Keynesian who believes in strong government intervention to restore the economy to growth, has been critical of the Obama administration for not taking decisive action quickly enough.
     
    Too small
    He says that the $800bn stimulus package spread over two years was too small to be effective, given the huge size of the US economy, and he hinted that Treasury officials were already discussing plans to give it a further boost.

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June 4, 2009 Posted by | Economics | , , , , | Comments Off on Krugman: Slowdown Could Last 5 To 10 Years