Socio-Economics History Blog

Socio-Economics & History Commentary

Why Gold Will be the “Greatest Trade Ever”!

  • I have been a gold bug since October 2008 crash. Nothing has essentially change. The fact is: the underlying cause of the collapse has been made much worse. The snakes in the District of Criminals have implemented policy after policy that are making things worse. Of course, the corporate MSM continues to sell propaganda and manufactured economic statistics. I wonder whether the snakes are working for the banksters? This article should help answer it: Bankers Get $4 Trillion Gift From Barney Frank!
     
  • The beautiful lies are continuing, don’t worry be happy, things are getting better, even though U6 unemployment is above 20%. So long as the stock market is rallying: the economy is improving! Yeah right! The banksters are making their money, so things are moving along and happy days are here again. Yeah right!
     
  • The next phase of the economic collapse will see a flight to gold. Gold is going alot higher than most people imagine possible! Money Morning reports:
      
    Forget about all the forecasts being made for 2010. Here’s my prediction for 2015: An entirely new name – John A. Paulson – will grace the coveted top of the annual Forbes billionaires list. And the gap between Paulson and the runner-up billionaire will be huge.
      …..
    Paulson’s personal net worth of $6 billion is impressive in its own right. But over the next several years, I believe that Paulson’s trading savvy will vault him into the top spot.And the vehicle that will take him there is gold.
     
    (John) Paulson’s latest foray says a lot about how he intends to further multiply his own net worth, as well as that of his clients. That foray will focus on gold, he said during an address to the
    Japan Society in New York earlier this month.
     
    “As an investor, I became very concerned about having my assets denominated in U.S. dollars,” Paulson told his audience. “So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency.”  As of June 30, gold and gold-related assets accounted for 46% of the Paulson firm’s total holdings – a colossal position that flies in the face of traditional portfolio-diversification theory and position sizing.  Yet I expect this will help him generate a brand new “greatest trade ever.”
     
    It’s also worth noting that Paulson recently announced his firm’s plan for a Jan. 1 launch of a dedicated gold fund. The fund will invest in gold stocks and gold derivatives in a way that will enable it to outperform the price of gold. Paulson is committing $250 million of his own capital to this new investment vehicle. This all adds up to one enormous wager on gold. But Paulson’s track record and reputation for research diligence make it impossible to ignore.
       …..
    Is that happening again? After all, there’s a long list of pundits who are right now saying that gold is in a bubble that could burst at any time. Ignore them. This array of “talking heads” will inflict irreparable damage on your portfolio. Besides, Paulson isn’t alone in his investment thesis.
     
    In a recent interview, author and global-investing guru
    Jim Rogers said that “during the course of the bull market [gold] is going to go much higher, it is certainly not a bubble yet.” To underscore his point, Rogers said that “I don’t think this is the top,” and said that “I’m not selling under any circumstances.”
     
    Also in this camp is
    Victor “Trader Vic” Sperandeo, whose 40 years of market experience has included stints with George Soros and Leon Cooperman. “Well, I’m on record across the world as saying that gold is the best investment in the world for the next two to three years,” Sperandeo said. “If you go back to its lows, and you compound where [gold] is today, it’s about 6.5% compounded. That isn’t a bubble.”
     
    Where Does Gold Go Next?
    More recently, however, gold has experienced an unprecedented run. At one point, for example, it sprinted from $1,050 to $1,218 in under 30 days flat. That’s an impressive 16% gain.  Between late October and early December, the precious yellow metal saw 14 record closes in 17 days.  So its recent pullback is not only unsurprising, it’s healthy. Don’t forget that gold’s clocked a positive gain every year since 2001.  Yet gold’s run is far from over; rather, it’s just getting warmed up…
     
    My research tells me we’re currently in what I’ve labeled as “Stage Two” of the current bull market in gold. Stage Two begins when gold decouples from the dominant currency (something that’s clearly already taking place against the U.S. dollar). The yellow metal then rises against most other currencies, as investment demand kicks in. As they attempt to forecast gold’s next move, market observers often rely on the U.S. dollar as their chief barometer. That’s a futile game.
     
    While the greenback does have an impact on the price of gold, it’s more correlated to shorter-term price movements. Comparing the U.S. dollar’s exchange rate to other currencies is only mildly helpful.  The reason: Because America is such a big consumer of global goods, other nations will move to devalue their currencies to make sure that their exports remain competitive.
     
    The best barometer, then, is the price of gold versus all “
    fiat” currencies, since gold is “real” money and those other currencies aren’t. A good proxy here is the U.S. Dollar Index, which is composed of euros, Japanese yen, British pounds, Canadian dollars, Swedish kronas, and Swiss francs. Gold easily surpassed its previous 2008 high against this basket of currencies.  We are clearly on a path of competitive fiat money devaluation. Only two years ago, one ounce of gold bought just eight units of the U.S. Dollar index.  In early 2008, that ratio had spiked to 14 units. After recently peaking at 16, an ounce of gold still buys 15 units. Look for the upward trajectory to continue – and to do so for the long haul.
     
    There’s only one possible conclusion here: Gold’s value is rising against all major fiat currencies.
     
    The Growing Global Demand for Gold
    Another hallmark of Stage Two in a gold bull market is when sophisticated investors take positions of their own. Investors in Asia, Europe and many other global investors have a much stronger affinity for gold, and understand its ability to preserve wealth. Experienced and professional investors alike make their portfolio allocations at this point in the cycle, and Paulson’s just one of several institutional investors who exemplify this out point of view.
     
    The purchase of 200 tons of
    International Monetary Fund (IMF) gold by India’s central bank in late October helped propel gold to its recent record highs. Given that this was the single largest purchase of gold by a central bank in the past 30 years, its dramatic effect is justified. 
     
    But two aspects of this landmark transaction are especially noteworthy.  First of all, India was comfortable enough with gold at $1,045 to part with $6.5 billion – no small outlay, even for a central bank. And second, India chose gold over unbacked fiat currencies.
     
    Other growing global economies have also been hoarding physical bullion, says the
    World Gold Council, which forecasts that 2009 will see a new trend asserted: Central banks will become net gold buyers for years to come. 
     
    Also Fueling the Gold Bull…
    I’ve already made a strong case for gold. But those aren’t the only catalysts pushing gold higher. In fact, here are a few more:
     
    – Since its 1980 peak, gold’s only up 65%, while inflation is up 175% and stocks have gained 900%: there’s plenty of ground to make up.
    – Scores of junior gold explorers and miners still trade below book value; many are still too cheap.
    – Gold production peaked in 2001 and has been falling since that time, meaning that the supply-and-demand dynamic points to much higher prices for gold.
    – Sovereign-debt defaults are a growing risk, against which gold is the best insurance (see Greece, Ireland, Spain and other recent ratings downgrades)
    – There’s growing interest in gold. But the masses have yet to join in; when the typical investor and consumer starts to view gold as an essential holding, the price of gold will begin a near-vertical ascent – a near-mania/near-bubble scenario that could cause gold to more than double from current prices.
     
    I said at the beginning of this piece that Paulson was headed for the No. 1 spot on the Forbes billionaires list. Now you know how he’s going to get there.

Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals. I am long gold and silver.

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December 31, 2009 Posted by | Economics | , , , , , , | 4 Comments

Alex Jones: Bilderberg Group, Depopulation and New World Order! The Rise of The Global Fascist Police State!

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December 31, 2009 Posted by | EndTimes, GeoPolitics, Social Trends | , , | 7 Comments

Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Monetary Crisis and Gold $2500 In 2010!

December 31, 2009 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Monetary Crisis and Gold $2500 In 2010!

Congressman Ron Paul: Attacking Yemen?

  • Quote :
     
    “The bigger the problem and the more the fear is built up, the more they take away our personal liberties and turn us all into zombies and the American people go along with it and say as long as it makes us safer I guess it’s OK to go along but it’s time the American people woke up and started realizing that there’s a bit of propaganda going on and quite possibly this incident will not only undermine our personal liberties but will also accelerate our intervention and the violence occurring in the Middle East,” 

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December 31, 2009 Posted by | GeoPolitics | , , | 1 Comment

America: A Perpetual State of War! Pentagon War Expenses Exceed Taxes Collected in All States ?

  • An evil empire is rising. America is its military arm! America is being sacrificed. The nation has been in perpetual war since World War 2. The Illuminati banksters have fed their military industrial complex for well over 6 decades and they are continuing to build up this war machine. The final end game is around the corner: the coming World War 3, which undoubtedly America will be a major part of. Thereafter, America as we know it will cease to exist. The war machine and the industrial corporations, Big Oil…etc. will be merged into this New World Order, One World Government, Global Corporate Fascist Police State. This will likely happen within the next 3-5 years.
     
    Daniel 11:36-39 (New King James Version) (emphasis mine)
    36 “Then the king shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. 37 He shall regard neither the God[k] of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
      
    Revelation 13:3-4 (New King James Version)
    3 And I saw one of his heads as if it had been mortally wounded, and his deadly wound was healed. And all the world marveled and followed the beast. 4 So they worshiped the dragon who gave authority to the beast; and they worshiped the beast, saying, “Who is like the beast? Who is able to make war with him?”

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December 31, 2009 Posted by | EndTimes, GeoPolitics | , , , | 6 Comments

Wayne Madsen: Botched Staged Flight 253 Attack “A Pretext For War” !

  • The Christmas ‘underwear bomber’ staged false flag attack is to promote the war on Yemen. The whole middle east is being lit up with war flames. The final piece of this jigsaw is Iran. The propaganda is being stepped up The CIA is undoubtedly de-stabilizing the country internally. It is their usual method of ‘colour revolutions’ as used in former Soviet republics of eastern Europe. Zionist Israel seems to be having their final coordination meeting for a war against Iran. PressTV reports:
      
    Israel summons envoys from all over the world
    Israel’s ambassadors and consuls generals from all over the world have been summoned to attend a conference to be held over global challenges facing Israel. The meeting to be attended in Jerusalem Al-Quds on December 27-31 is hosted by the Ministry of Foreign Affairs, headed by Deputy Prime Minister and Foreign Minister Avigdor Lieberman, the ministry reported on its website.
     
    “The idea is to facilitate direct dialogue with the country’s leaders, mutual updates on major diplomatic issues, and a discussion of action plans to deal with the challenges awaiting Israel in the international arena in the coming year, including the Iranian threat,” it said. This is while Israeli Prime Minister Benjamin Netanyahu has called a report by the UN Human Rights Council’s Gaza commission a real threat to Israel.
     
    The UN Special Rappoteur for the occupied Palestinian Territories has also urged western powers to push Israel to end its blockade of the Gaza Strip immediately. Richard Falk also called for economic sanctions against Israel. This is the first time a conference for all of Israel’s heads of missions has been held.
     
    Benyamin Netanyahu will also attend the conference along with Defense Minister Ehud Barak, Minister of Intelligence and Atomic Energy Dan Meridor, and other senior officials. 
     
  • Keep in mind the Satanic World War 3 Plan :
     
    Satanist Albert Pike and Three World Wars
    “The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
     
    Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.” 4 

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December 31, 2009 Posted by | EndTimes, GeoPolitics | , , , , , | 1 Comment

Gerald Celente: Obamageddon 2010! Major Terror Attack and More Wars. Economic Collapse and Monetary Crisis! Dollar Devaluation, Bank Holiday and Gold!

  • Gerald Celente, the uber trend forecaster of Trends Research, has this to say about 2010:
     
    Celente Predicted Terror In 2009 More To Come In 2010
    Kingston, NY, 29 December 2009 – For months, on radio, TV and in alerts to Trends Journal® subscribers, Gerald Celente, Director of The Trends Research Institute, forecast that terrorist attacks were imminent, and that in 2010 they would intensify within US borders and abroad. In an on-air 13 November interview with the Governor of Minnesota, Tim Pawlenty, Celente said “we are looking for terror strikes to become very probable in 2010.” Singling out the barely reported Saudi/Yemen hostilities and citing the US-instigated massive attacks by the Pakistani military in the Swat Valley and South Wazirstan, Celente warned that the stage had been set for another round of terrorist activity. http://enews.trendsresearch.com/m/656GdUADoKZhtwZo
    FX3eYAV7xTwnIl3_vzH8nUA2ILlMjBqzRw
     

    “The years of war in Afghanistan and Iraq have intensified anti-American and anti-NATO hatred,” said Celente, “creating legions bent on seeking revenge. And now with America aggressively spreading its War on Terror into Pakistan, we see a strong possibility of the animosity metastasizing into far-flung strikes, potentially of 9/11 magnitude.” 
     
    The Christmas Day attempt to blow an airliner out of the sky and onto the streets of Detroit is an omen of what to expect in 2010, predicted Celente. However, Homeland Security Secretary, Janet Napolitano, making the talk show rounds, saw it differently. “We have no indication that it is part of anything larger,” she said
    “Whether the issue is terror or the economy; whether it’s the head of Homeland Security or the Federal Reserve, it’s the same old story, with the same old people who didn’t see it coming telling us what to expect next,” observed Celente.
     
    “Terrorism has evolved. Big-time terror is becoming more self-radicalizing. They don’t need an organized movement such as Al Qaeda or a leader like bin Laden to wreak havoc. A whole generation of Muslims ­ enraged by US occupations, Predator drone strikes on their sovereign nations, ongoing civilian deaths, and belligerent US foreign policy initiatives ­ is preparing to do unto others as others have been doing unto them.
     
    Celente said the Nigerian-born terrorist who tried to bring down Northwest Flight 253, Umar Farouk Abdulmutallab, demonstrates the scope, capabilities and global reach of the terror spectrum: the lone-wolf, the professionally trained but unaffiliated, and the organized terror groups and cells. Thus, even if the explosives and training came from Yemen-based al Quaeda, the inspiration to suicide-bomb the airplane could have been self-initiated rather than an instance of an obedient soldier following orders.
     
    The outrage is not confined to any specific demographic, stereotype or profile. It ranges from the well-educated and well-off, Abdulmutallab, son of a banker who lived in a three-million dollar London apartment, to the poor and oppressed.  
     
    As Celente forecast in the Top Trends of 2010 issue of the Trends Journal®, “There’s a high probability of wild card terror-strikes with the potential to cripple the global economy.”
     
    Oil spikes, market crashes and financial panic will ensue should an attack of 9/11 scale hit the US or any major oil producer. “The cross-border fighting between Saudi Arabia and the Yemeni Houthi rebels is precisely the type of conflict that could destabilize world oil markets. Should the fighting intensify, the Saudi’s risk an attack upon their oil facilities, which could curtail supplies, drive prices higher and seriously damage the already imperiled world economy,” said Celente.
     
    Yemen, which suffered through civil war 15 years ago, is again being torn apart by religious and ethnic tensions in both North and South. With 50 percent of the population under age 15 “We’re looking at an incredibly unstable situation over the long term,” says Celente. “Anti-Americanism is the one unifying sentiment. At a rare public rally in South Yemen, Al Qaeda militants told the crowd ‘there is no problem between us and you. The problem is between us and America and its lackeys.'”
     
    Celente cautions that economic turmoil and disruptions to the US infrastructure and daily life due to terrorist acts are a strong immediate probability, not a distant possibility. “Before terror strikes, our advice is to prepare for the worst. What if banks close and ATMs crash? Will you have cash on hand to make it through a crisis? What if a nuclear power plant is attacked and you live within range of fallout? What if a WMD, dirty bomb or biochemical weapon is detonated in your city? Do you have escape plans and escape routes? If anything less than the worst happens it’s always possible to pull back. For the unprepared there is no fallback position and few options,” concluded Celente.

     
  • See also:
      
    Gerald Celente: Trends 2010-2012
    Celente: Breaking Point 2010! 

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December 31, 2009 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off on Gerald Celente: Obamageddon 2010! Major Terror Attack and More Wars. Economic Collapse and Monetary Crisis! Dollar Devaluation, Bank Holiday and Gold!

Ukraine Flu Fatalities Spike to 698 – One Day Total 23!

  • This mysterious Ukraine flu seemed to have died down somewhat at end November. But for the past week the infection numbers are swelling and the mortality rate has gone above 20 per day. It looks like this biological attack is far from over. The good news is that there are little reports of it spreading outside Ukraine.
     
  • Ukraine is the bread basket of the former Soviet Union. It produces enormous amounts of wheat and is a major exporter. I wonder how this will affect wheat production? Hopefully, there will not be any impact at all. No reason flu should impact grain production I suppose.
      
    Ukraine Fatalities Spike to 698 – One Day Total 23
    Recombinomics Commentary 23:55
    December 30, 2009
     
    3,722,314 Influenza/ARI   (52,563)
    210,136 Hospital   (+3,123)
    698 Dead    (+23)
     
    The above
    update is the latest report from the Ukraine Ministry of Health.  The increase of 23 dead in the past 24 hours is similar to the prior two days, bringing the three day total for this week to 65, which is similar to the rate at the beginning of the outbreak in October.  The largest jump in the past 24 hours was in Donetsk, where the five fatalities raised the season total to 85 (see map).  Although cases and deaths are decline across much of the northern hemisphere, the high death rate in Ukraine provides support for another wave of H1N1 in early 2010.
     
    The high death rate also raises concerns about receptor binding domain changes.  Sequences released from
    four fatal cases by Mill Hill had D225G.  Two more sequences, released by the CDC had D225N and were also likely from fatal cases.  Recent reports of D225G and D225N in the same patients raise concerns that both changes were in these patients and sample selection or virus isolation procedures led to detection of one of the two receptor binding domain changes.
     
    However, the high death rate associate with either or both of these receptor binding domain changes raises concerns of the emergence of the changes at a higher frequency.  Therefore, release of additional sequences from early as well as recent fatalities would be useful.

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December 31, 2009 Posted by | Medicine & Health | , | 1 Comment

Bombshell Eyewitness Revelations: Confirmed FBI Cover-Up Of Flight 253 Attack!

December 30, 2009 Posted by | GeoPolitics | , | 2 Comments

Renminbi Set To Replace US dollar For Trade In Asia Pacific!

  • The recent USD strength has put some doubts into dollar ‘doomsters’ . Well, not me. There is no fundamental reason why the USD should strengthen. No price moves ever go straight up or down. In any bull or bear market, price moves are always characterized by waves. It is like the tide going down, you will still get waves moving up and down. The current upward strength of the USD is just normal market wave action. It will resume its down trend soon.
     
  • Governments around the world know that the USD is toast. However, any sharp devaluation of it will result in massive losses for these governments. Thus, they want to see a gradual slide for the USD.
     
  • Real steps are being taken to move away from the USD rapidly. This is in anticipation of a collapse of the USD. Risk.net reports:
      
    Hong Kong moves to position itself as clearing hub for renminbi-based transactions
    The Chinese renminbi is taking on an increased role in the Asia-Pacific region, and is expected over time to replace traditionally dominant currencies such as the US dollar and the euro for certain transactions.
      
    Chinese government policy changes have enabled Asian corporates to settle trades with their Chinese counterparts in renminbi. And increased intra-Asian trading volume may lead Beijing to also consider allowing other trade-related insurance and derivatives denominated in renminbi to be done offshore, according to bankers and regulators in Hong Kong.
     
    Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority (HKMA), said Beijing is studying the idea of introducing more renminbi-denominated investment products in Hong Kong, expanding on the authorities’ approval for renminbi-denominated bonds issued by mainland financial institutions being made available for Hong Kong investors.
     
    Currently, the renminbi is not fully convertible, but the Chinese government has made a number of arrangements with various countries so that trades between China and these countries could be settled directly in renminbi, instead of US dollars.
     
    John Coverdale, HSBC’s global co-head of commercial banking based in Hong Kong, said Asia has come to an important juncture where the renminbi trade settlement pilot scheme launched in July has effectively made the currency a new force governing intra-Asian cross-border trades. “We are right at the dawning of the age of a wider convertibility of the renminbi currency and therefore a wider use of it for trade and other purposes,” said Coverdale. “We have not seen the evolution of a new currency for a long time. We can effectively call it a new currency in a newly emerged market. It is a new force.”
     
    Since the inception of the trade settlement pilot scheme, 173 transactions amounting to 230 million renminbi ($33.6 million) have been conducted between mainland China and Hong Kong. The pilot scheme allows for 400 approved Chinese enterprises in five approved cities – Shanghai, Guangzhou, Shenzhen, Dongguan and Zhuhai – to settle trades with their counterparts in Hong Kong, Macau and Association of Southeast Asian Nation (Asean) member countries.
     
    Banks in these countries outside China are now allowed to open renminbi accounts with mainland banks for trade-related clearing, and enterprises in these countries can now also start to accumulate renminbi liquidity for trade purposes.
     
    HSBC, for example, helped a Hong Kong manufacturer of printed circuit boards located in Guangdong province receive 15 million renminbi through its trade settlement services, which then used the funds to invest in renminbi-denominated bonds. “The next evolutionary step is that you’d see increased volume of trade settled in renminbi. The authorities in China will start to give us more exporters to settle with,” said Coverdale.
     
    Stanley Chan, head of HKMA’s financial infrastructure development, says based on the $434.78 billion value of total trade volume in Hong Kong and Asean countries, if 5% of such import and export volume were to be settled in renminbi, it would translate into settlement volumes of $21.74 billion. With $129.9 billion total export value to China from Hong Kong and Asean countries in 2008, a 5% trade settlement will translate to $6.5 billion of offshore renminbi liquidity.
     
    “The renminbi has been stable since May 2008. It [qualifies as] an alternative currency to the US dollar in this region when viewed against other Asian currencies’ exchange rates versus that of the US dollar,” Chan told delegated attending the Asia Risk Congress 2009 in November. “Such stability incentivises companies in Southeast Asia and Hong Kong to use renminbi for trade settlement.”
     
    Chan said the payment and security settlement system of Hong Kong also gives the city an advantage to develop as an important offshore renminbi clearing centre because of its seamless interface with the real-time gross settlement system of China. He says if a Southeast Asian bank wants to conduct foreign exchange transactions with a mainland bank – including derivatives transactions, if so allowed in the future by Beijing – they could do so by becoming a direct participant of Hong Kong’s real-time gross settlement system, which is also linked with the US dollar and euro systems.
     
    “More importantly, there will be interbank money market between participants of this system… as direct participants of the [Hong Kong] settlement system can now freely lend and borrow to each other,” he said. As the sources of fund and scope of assets in renminbi expand, banks might one day also be allowed to offer other financial services, such as renminbi-denominated insurance policies. Meanwhile, Coverdale said he believes holders of renminbi-denominated bonds are now considering using these securities to obtain secured lending, not only in renminbi but also for any other currencies.
     
    However, he considers the development of a renminbi interbank market in Hong Kong as being contingent more on the timing of when the currency becomes convertible. “An offshore renminbi interbank market will not be developed until the currency is properly and freely traded,” said Coverdale. “There is probably a limited appetite for holding a currency that is not freely convertible, so from a risk perspective, an interbank market and convertibility of a currency tends to go hand-in-hand.”

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December 30, 2009 Posted by | Economics | , , , , , , | Comments Off on Renminbi Set To Replace US dollar For Trade In Asia Pacific!

Professors Philips and Huff: Inside the Military Media Industrial Complex!

  • The western MSM is complicit in the many unnecessary wars which the Illuminati controlled military industrial complex has started. We are being lied to constantly. Wars are promoted by the MSM for the profit of the military industrial complex, for Big Oil…. and ultimately for their Illuminati owners.
     
  • More wars are coming because these Satanic globalists have lost massively in Copenhagen. Their man-made global warming scam was soundly defeated. However, I doubt they will give up their drive for world government and the global fascist police state. 
     
    “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
    James Paul Warburg, (1896-1969) son of Paul Moritz Warburg, nephew of Felix Warburg and of Jacob Schiff, both of Kuhn, Loeb & Co. which poured millions into the Russian Revolution through James’ brother Max, banker to the German government, Chairman of the CFR …while speaking before the United States Senate, February 17, 1950
     
  • Keep in mind Illuminati banksters own a large portion of the world. These bloodlines are generational Satanists. The coming Anti-Christ will be violent man of war while promoting peace in lies!
     
    Daniel 11:36-39 (New King James Version)
    36 “Then the king shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. 37 He shall regard neither the God[k] of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
     
  • Global Research reports:
      
    Among the most important corporate media censored news stories of the past decade, one must be that over one million people have died because of the United States military invasion and occupation of Iraq.  This, of course, does not include the number of deaths from the first Gulf War nor the ensuing sanctions placed upon the country of Iraq that, combined, caused close to an additional one million Iraqi deaths. In the Iraq War, which began in March of 2003, over a million people have died violently primarily from US bombings and neighborhood patrols.  These were deaths in excess of the normal civilian death rate under the prior government.  Among US military leaders and policy elites, the issue of counting the dead was dismissed before the Iraqi invasion even began.  In an interview with reporters in late March of 2002 US General Tommy Franks stated, “You know we don’t do body counts.”[i] Fortunately, for those concerned about humanitarian costs of war and empire, others do.
       …….
    The second study published in October 2006 documented over 650,000 civilian deaths in Iraq since the start of the US invasion and confirmed that US aerial bombing in civilian neighborhoods caused over a third of these deaths. Over half the deaths were directly attributable to US forces. The now estimated 1.2 million dead six years into the war/occupation, included children, parents, grandparents, cab drivers, clerics and schoolteachers. All manner of ordinary Iraqis have died because the United States decided to invade their country under false pretences of undiscovered weapons of mass destruction and in violation of international law. An additional four to five million Iraqi refugees have fled their homes. The magnitude of these million-plus deaths and creation of such a vast refugee crisis is undeniable. The continuing occupation by US forces has guaranteed a monthly mass death rate of thousands of people a carnage that ranks among the most heinous mass killings in world history. More tons of bombs have been dropped in Iraq than in all of World War II.[iii] Six years later the casualties continue but the story, barely reported from the start, has vanished.
     
    The American people face a serious moral dilemma. Murder and war crimes have been conducted in their name. Yet most Americans have no idea of the magnitude of deaths and tend to believe that they number in the thousands and are primarily Iraqis killing Iraqis.  Corporate mainstream media are in large part to blame. The question then becomes how can this mass ignorance and corporate media deception exist in the United States and what impact does this have on peace and social justice movements in the country?[iv]
       
    Truth Emergency and Media Reform
    In the United States today, the rift between reality and reporting has peaked. There is no longer a mere credibility gap, but rather a literalTruth Emergency in which the most important information affecting people is concealed from view. Many Americans, relying on the mainstream corporate media, have serious difficulty accessing the truth while still believing that the information they receive is the reality. A Truth Emergency reflects cumulative failures of the fourth estate to act as a truly free press. This truth emergency is seen in inadequate coverage of fraudulent elections, pseudo 9/11 investigations, illegal preemptive wars, torture camps, doctored intelligence, and  domestic surveillance.   Reliable information on these issues is systematically missing in corporate media outlets, where the vast majority of the American people continue to turn for news and information.
       ……
    The Global Dominance Group and Information Control
    A long thread of sociological research documents the existence of a dominant ruling class in the US, which sets policy and determines national political priorities. C. Wright Mills, in his 1956 book The Power Elite, documented how World War II solidified a trinity of power in the US that comprised corporate, military and government elites in a centralized power structure working in unison through “higher circles” of contact and agreement.
    [vi] This power has grown through the Cold War and, after 9/11, the Global War on Terror.
     
    At present, the global dominance agenda includes penetration into the boardrooms of the corporate media in the US. Only 118 people comprise the membership on the boards of director of the ten big media giants. These 118 individuals in turn sit on the corporate boards of 288 national and international corporations. Four of the top 10 media corporations share board director positions with the major defense contractors including:
     
    William Kennard: New York Times, Carlyle Group
    Douglas Warner III, GE (NBC), Bechtel
    John Bryson: Disney (ABC), Boeing
    Alwyn Lewis: Disney (ABC), Halliburton
    Douglas McCorkindale: Gannett, Lockheed-Martin.
     
    Given an interlocked media network of connections with defense and other economic sectors, big media in the United States effectively represent the interests of corporate America. Media critic and historian Norman Solomon described the close financial and social links between the boards of large media-related corporations and Washington’s foreign-policy establishment: “One way or another, a military-industrial complex now extends to much of corporate media.”[vii] The Homeland Security Act Title II Section 201(d)(5) provides an example of the interlocked military-industrial-media complex. This Act specifically asks the directorate to “develop a comprehensive plan for securing the key resources and critical infrastructure of the United States including information technology and telecommunications systems (including satellites) emergency preparedness communications systems.”
     
    The media elite, a key component of the Higher Circle Policy Elite in the US, are the watchdogs of acceptable ideological messages, the controllers of news and information content, and the decision makers regarding media resources. Their goal is to create symbiotic global news distribution in a deliberate attempt to control the news and information available to society. The two most prominent methods used to accomplish this task are censorship and propaganda.
      …..
    Modern Media Censorship and Propaganda
    A broader definition of contemporary censorship needs to include any interference, deliberate or not, with the free flow of vital news information to the public. Modern censorship can be seen as the subtle yet constant and sophisticated manipulation of reality in our mass media outlets. On a daily basis, censorship refers to the intentional non-inclusion of a news story – or piece of a news story – based on anything other than a desire to tell the truth. Such manipulation can take the form of political pressure (from government officials and powerful individuals), economic pressure (from advertisers and funders), and legal pressure (the threat of lawsuits from deep-pocket individuals, corporations, and institutions). or threats to reduce future access to governmental and corporate sources of news. Following are a few examples of censorship and propaganda.
     
    1. Omitted or Undercovered Stories- The failure of the corporate media to cover human consequences, like one million , mostly civilian deaths of Iraqis, reduces public response to the wars being conducted by the US. Even when activists do mobilize, the media coverage of anti-war demonstrations has been negligible and denigrating from the start.   When journalists of the so-called free press ignore the anti-war movement, they serve the interests of their masters in the military media industrial complex.[ix]
     
    Further, the corporate mainstream press continues to ignore the human cost of the US war in Iraq with America’s own veterans. Veteran care, wounded rates, mental disabilities, VA claims, first hand accounts of soldier experiences, and pictures of dead or limbless soldiers are rare. One of the most important stories missed by the corporate press concerned the Winter Soldier Congressional hearings in Washington, D.C.  The hearings, with eyewitness testimony of US soldiers relating their experiences on the battlefield and beyond, were only covered by a scant number of major media, and then only in passing. In contrast to the virtual corporate media blackout concerning American soldiers’ views of the war, the independent, listener sponsored, community Pacifica Radio network covered the hearings at length.[x]
       ……
    2. Repetition of Slogans and Sound Bites- The corporate media in the US present themselves as unbiased and accurate. The New York Times motto of “all the news that’s fit to print” is a clear example, as is CNN’s authoritative “most trusted name in news” and Fox’s mantra of “fair and balanced.” The slogans are examples of what linguist George Lakoff has referred to as framing. Through constant repetition, the metaphors and symbols that pervade our media turn into unquestioned beliefs.  Terms like “liberal media,” “welfare cheaters,” “war on terror,” illegal aliens,” “tax burden,” “support our troops,” are all distorted images serving to conceal a transfer of wealth from people needing a safety net to corporations seeking profitable markets and military expansion.
     
    3. Embedded Journalism- The media are increasingly dependent on governmental and corporate sources of news. Maintenance of continuous news shows requires a constant feed and an ever-entertaining supply of stimulating events and breaking news bites. The 24-hour news shows on MSNBC, Fox and CNN maintain constant contact with the White House, Pentagon, and public relations companies representing both government and private corporations.
     
    By the time of the Gulf War in 1991, retired colonels, generals and admirals had become mainstays in network TV studios during wartime. Language such as “collateral damage” and “smart bombs” flowed effortlessly between journalists and military men, who shared perspectives on the occasionally mentioned but more rarely seen civilians killed by U.S. firepower.  This clearly foreshadowed the structure of “embedded” reporting in the second Iraq War, where mainstream corporate journalists literally lived with the troops and had to submit all reports for  military review.[xiii] A related militarization of news studies by Diane Farsetta at the Center for Media Democracy documented a related introduction of bias. These investigations showed Pentagon propaganda penetration on mainstream corporate news in the guise of retired Generals as “experts” or pundits who turned out to be nothing more than paid shills for government war policy.[xiv]
       …..
    The continued expansion of independent internet news sources allows for the mass political awareness of key issues and truth emergencies in the world. The involvement of university and college professors and their students in validating news stories will be an important component of reliability verification of these sources. As we learn who we can trust in the independent news world, we will be in a stronger position for the continued development and expansion of democratic social movement/anti-war efforts in the future.
     
    It is up to the people to unite and oppose the common oppressors manifested in a militarist and unresponsive government along with their corporate media courtiers and PR propagandists.  Only then, when the public forms and controls its own information resources, will it be armed with the power that knowledge gives to move beyond the media induced mindsets that limit change to modest reform. Grassroots media providing voice to those who would challenge elite domination are our best hope to create a truly vibrant democratic society that promises as well as delivers liberty, peace, and economic justice to all.
     
    Peter Phillips is a Professor of Sociology at Sonoma State University and President  of the Media Freedom Foundation and recent past director of Project Censored.
     
    Mickey Huff is an Associate Professor of History and Social Science at Diablo Valley College and serves on the executive committee of the Media Freedom Foundation and is recent past associate director of  Project Censored. 

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December 30, 2009 Posted by | EndTimes, GeoPolitics, Social Trends | , , | 4 Comments

Gaza: Genocide in Slow Motion!

  • Alarm bells are ringing, words are spreading of a ‘Final Solution’ by the Zionist genocidal maniacs. The complete ethnic cleansing of the Palestinian people. Whether it is true or not remains to be seen. But it is obvious the genocidal mad men who run Zionist Israel are capable of doing this. Alan Hart writes:
      
    On the first anniversary of the beginning of Israel’s war on the Gaza Strip – in my view it was a demonstration of Israeli state terrorism at its most naked – it’s not enough to say that the governments of the Western powers (and others) are complicit in Israel’s on-going collective punishment of 1.5 million Palestinians, 53% of whom are children.
     
    What is actually happening in the blockaded Gaza Strip, and less obviously on the occupied West Bank, is the continuation by stealth of Zionism’s ethnic cleansing of Palestine. My friend Professor Ilan Pappe, Israel’s leading “revisionist” (meaning honest) historian and author of The Ethnic Cleansing of Palestine, would and has put it another way. What we are witnessing is, in his words, “genocide in slow motion.” And that, really, is what the governments of the Western powers (and others) are complicit in. The question that provokes in my mind is: Why, really, are the major powers (and others) allowing it to happen?
     
    The only answer that makes some sense to me is this. They have concluded, but cannot say, that nuclear-armed Israel, with the assistance of the Zionist lobby in all of its manifestations, is a monster beyond control. In my analysis it’s possible to identify the moment in history when the major powers abandoned any hope they might have had of containing Zionism’s colonial ambitions.
     
    It came, the moment, in the immediate aftermarth of the 1967 war.
     
    Contrary to Zionism’s version of the story, it was a war of Israeli aggression not self-defense. As I document in some detail in my book Zionism: The Real Enemy of the Jews, Israel’s military and political leaders knew the Arabs were not intending to attack.
     
    That being so, what the major powers ought to have said to Israel (in the diplomatic language of a Security Council Resolution and more explicitly behind closed doors) is something like: “Aggression cannot be rewarded. Aggressors cannot keep territory conquered in war. You are now required to get the hell out of it without laying down conditions for your withdrawal.”
     
    To drive home the point, they could and should have reminded Israel of what President Eisenhower said to the people of America when he demanded Israel’s unconditional withdrawal from Egyptian territory after its collusion with Britain and France in 1956. Eisenhower, the first and the last American president to contain Zionism, said this:
     
    If we agree that armed attack can properly achieve the purposes of the assailant, then I fear we will have turned back the clock of international order. We will have countenanced the use of force as a means of settling international differences and gaining national advantage… If the UN once admits that international disputes can be settled using force, then
    we will have destroyed the very foundation of the organisation and our best hope for establishing a real world order.”
     
    As it happened, the major powers could not say that to Israel in 1967 because the Johnson administration had colluded with Israel to the extent of giving it the greenlight to smash Eygpt’s armed forces, in the hope that a humiliating defeat for them would lead to the overthrow of President Nasser.
     
    But also true is that President Johnson sought and obtained an assurance that Israel would not take advantage of the war situation to grab Jordanian and Syrian territory. It was because some in the Johnson administration (probably Defense Secretary McNamara and the Joint Chiefs of Staff) didn’t trust Israel to keep its word that the U.S. spy ship, the Liberty, was stationed off the Israel/Gaza coast to listen to IDF movement orders. And it was because Israeli Defense Minister Dayan didn’t want Johnson to know that he intended to take the West Bank and the Golan Heights that he, Dayan, ordered the attack on the Liberty. (The full story of that attack and Johnson’s cover-up of it is also in my book, in a chapter headed The Liberty Affair – “Pure Murder” on a “Great Day”).
     
    Despite that, the major powers, including and led by America, could still have acted firmly to contain Zionism’s colonial ambitions. They could have said to Israel something like: “We can just about live with the fact that you will retain the newly occupied Arab territories as a bargaining chip, to be exchanged for peace with your Arab neighbours, but we will not allow you to settle those territories. Not one building. If you defy us on this matter, the Security Council will authorize enforcement action as necessary to oblige you to comply with international law.”
     
    In what became Security Council Resolution 242, it was the failure of the major powers to read the riot act to Israel on the matter of not settling the newly occupied territories that marks the moment when they, the major powers, became resigned to the fact that the Zionist state, assisted by its awesomely powerful global lobby, was a monster they could not control. (They could slap it on the wrist from time to time but not control it).
     
    The lesson of the cold-blooded attack on the Liberty was that there is nothing the Zionist state might not do, to its friends as well as its enemies, in order to get its own way. (In my book I explain, on the basis of a conversation with Dayan, the real reason for Israel’s decision to acquire a nuclear arsenal. It was to have the deterrent threat capability of saying to its friends, “Don’t push us further than we are prepared to go or we’ll use these things.”)
     
    So in the full light of the truth of history as it relates to the making and sustaining of conflict in and over Palestine that became Israel, it’s not surprising that the major powers (and others) are today complicit, more by default than design I say, in Zionism’s crimes.
     
    Alan Hart is a former ITN and BBC Panorama foreign correspondent who covered wars and conflicts wherever they were taking place in the world and specialized in the Middle East. Author of Zionism: The Real Enemy of the Jews: The False Messiah (Zionism, the Real Enemy of the Jews). He blogs on www.alanhart.net 

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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December 30, 2009 Posted by | GeoPolitics, History | , , , , | Comments Off on Gaza: Genocide in Slow Motion!

Webster Tarpley: Christmas US Plane Bomb Plot is An Al-CIADa False Flag Attack!

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December 30, 2009 Posted by | GeoPolitics | , , | 1 Comment

Marc Faber Discusses U.S. Dollar, Stocks, Inflation!

December 29, 2009 Posted by | Economics | , , , , , , , | Comments Off on Marc Faber Discusses U.S. Dollar, Stocks, Inflation!

EU, The Revived Roman Empire. The Rise of Political SuperClass and the Global Warming Scam!

December 29, 2009 Posted by | EndTimes, GeoPolitics, Social Trends | , , | Comments Off on EU, The Revived Roman Empire. The Rise of Political SuperClass and the Global Warming Scam!