Socio-Economics History Blog

Socio-Economics & History Commentary

Glee’s “Somewhere Over the Rainbow” with Oil Spill Images!

July 14, 2010 Posted by | Disaster | , , | Comments Off on Glee’s “Somewhere Over the Rainbow” with Oil Spill Images!

BP Gulf Oil Disaster: Florida Plant Life Burnt And Wilting! Acid Rain? Oil Spill Update Hopedale LA.

July 14, 2010 Posted by | Disaster | , | Comments Off on BP Gulf Oil Disaster: Florida Plant Life Burnt And Wilting! Acid Rain? Oil Spill Update Hopedale LA.

Marc Faber U.S. Bonds Worthless Confetti!

July 14, 2010 Posted by | Economics | , , , , , , , , , | Comments Off on Marc Faber U.S. Bonds Worthless Confetti!

Song For Gaza: We’ll Not Go Down In The Night Without A Fight!

July 14, 2010 Posted by | GeoPolitics | , , , , , , | Comments Off on Song For Gaza: We’ll Not Go Down In The Night Without A Fight!

Neurotoxic Dispersant Corexit Is Making Clean Up Workers Sick!!

July 14, 2010 Posted by | Disaster, Medicine & Health | , | 1 Comment

WMD Claims Were Lies Says Former Envoy!

  • Over 1 million Iraqis have died and over 250,000 Afghans have perished in this illegal war started by the NeoCons. This is mass murder for the profit of Illuminist corporations, Big Oil, banksters…etc. War is a racket. Unfortunately, the sheeple simply will not wake up to this fact. They continue to sign on to wars that their Illuminist leaders engineer. Coming next is Iran. All the current propaganda and lies are a repeat of what happened before the Iraq invasion. The Independent UK reports:
     
    Britain was taken to war in Iraq on the basis of “lies”, scaremongering and deliberate exaggeration, a former UK diplomat told the Iraq inquiry. Carne Ross claimed that Britain and the United States privately did not believe that Iraq’s weapons programmes posed a “substantial threat” before launching the 2003 invasion. 
      
    Mr Ross, the former first secretary at the UK’s mission to the United Nations, told the Chilcot inquiry there was no “significant intelligence” to support claims that Saddam Hussein had amassed an arsenal of deadly weapons. He argued that Saddam could have been contained through sanctions – and condemned the failure by the US or UK to close the Iraqi dictator’s bank accounts in Jordan. 
     
    Mr Ross, who resigned before the war, pointed to a document circulated to Labour MPs in 2002 as evidence of a “process of deliberate public exaggeration”, including the claim that Saddam could develop nuclear weapons within five years. He added: “This paper also contains such scare-mongering claims as ‘less than a teaspoon of anthrax can kill over a million people’ without explaining the extremely difficult process for anthrax to be weaponised and delivered in an effective method.” 
     
    The former diplomat said the September 2002 dossier that made the case for war – including the notorious claim that Iraq could launch a missile strike within 45 minutes “misrepresented” the raw intelligence. He said a “very uncertain and patchy picture” was converted into “positive claims of knowledge of threat”. 
     
    Mr Ross concluded: “This process of exaggeration was gradual, and proceeded by accretion and editing from document to document, in a way that allowed those participating to convince themselves that they were not engaged in blatant dishonesty. “But this process led to highly misleading statements about the UK assessment of the Iraqi threat that were, in their totality, lies.” 
     
    Mr Ross challenged the inquiry to publish all Government documents concerning the war. He alleged that the evidence given by some officials was contradicted by papers he had seen and added he had seen “very little” in classified documents that could not be made public.

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July 14, 2010 Posted by | GeoPolitics, History | , , | Comments Off on WMD Claims Were Lies Says Former Envoy!

Coast To Coast AM: Gulf Oil Disaster And Toxic Rain (12 July 2010) !

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Greg Evensen And AC Griffith: On the Gulf Oil Disaster 11 July 2010 Update!

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UK Debt Is ‘Twice As Much As We Thought’ !

  • Official figures from snakes/politicians count for nothing. How do you know when snakes are lying? Whenever they open their mouths! There is no way this sovereign debt will be paid back. The only way out is Quantitative Easing(QE), massive printing (electronically creating) of money out of thin air. This is simply legalized counterfeiting. Do we really think the Sterling pound will survive? Yes, it will survive as toilet paper!
     
    UK debt is ‘twice as much as we thought’
    The true scale of the national debt is £2 trillion – more than twice the official figure, an alarming study shows. The black hole in the public accounts equates to £78,000 for every household in the country. The ‘real’ state of the national finances is exposed in a study published today by the Centre for Economics and Business Research, which warns of a series of mammoth debts that aren’t revealed by the official figures.
     
    The national debt – forecast to reach £932m by next spring – does not include a number of expensive liabilities, such as the cost of civil service and town hall pensions and projects funded under the Public Finance Initiative. Putting these liabilities into the official figure would add £1.13 trillion to Britain’s whopping overdraft, according to CEBR. Under the worrying scenario, the debt would jump from 62% to 138% of Britain’s income. In its study, CEBR warned that the Government cannot formulate a plan to revive the economy while the liabilities remain hidden.
     
    Charles Davis, an economist at CEBR, said: ‘Clarity and transparency on the public sector finances has never been more vital in the context of recent concerns over public sector debt, particularly in the advanced economies.’ The report, which found that public sector pensions are by far the biggest liability excluded from the official record, will provide ammunition for the Government as it prepares to slash civil service pay and perks. Unfunded public sector and local government pension liabilities, which the Government will need to pay in the future, amount to a staggering £1.08 trillion, according to CEBR.
     
    Also written out of the accounts are the full cost of projects financed through the PFI, which by CEBR’s calculation adds a further £43bn. So-called contingent liabilities, such as Network Rail, add £2bn to the total.

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July 14, 2010 Posted by | Economics | , , , , , , , | Comments Off on UK Debt Is ‘Twice As Much As We Thought’ !

Niall Ferguson Warns of Sudden Collapse of American ‘Empire’!

  • The great hubris of Washington DC aside, the end of the American empire will come. However, I am not of the opinion that it will go quietly. The death of the Anglo-American empire will be via the ‘loud bang’ of world war.
     
    Historian warns of sudden collapse of American ‘empire’
    Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival Monday with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level.
     
    “I think this is a problem that is going to go live really soon,” Ferguson said. “In that sense, I mean within the next two years. Because the whole thing, fiscally and other ways, is very near the edge of chaos. And we’ve seen already in Greece what happens when the bond market loses faith in your fiscal policy.”
     
    Ferguson said empires — such as the former Soviet Union and the Roman empire — can collapse quite quickly and the tipping point is often when the cost of servicing an empire’s debt is larger than the cost of its defense budget.
     
    “That has not been the case I think at any point in U.S. history,” Ferguson said. “It will be the case in the next five years.”
      ….
    The affable British scholar tried to keep it light. He used a stage whisper to tell the Aspen Institute audience, “I know you’re not comfortable with the word ‘empire,’ especially just after the Fourth of July, but you are the Redcoats now.”
     
    He said the U.S. is now deeply in the red as a country because of a combination of the Great Recession, the resulting federal stimulus and financial bailout programs, two wars, the Bush tax cuts, and a growth in social entitlement programs. And economic debt can lead to a sudden loss of military power and global respect, Ferguson said.
     
    “By combating our crisis of private debt with an extraordinary expansion of public debt, we inevitably are going to reduce the resources available for national security in the years ahead,” Ferguson said. “Because as a debt grows, so the interest payments you have to make on it grow, even if interest rates stay low. And on current projections, the federal debt is going to be absorbing around 20 percent — a fifth of all the taxes you pay — within just a few years.
     
    “The item of discretionary federal expenditure most likely to be squeezed is of course defense. And there are lots of historic precedents for that,” said Ferguson, who is the author of “Empire: The Rise and Demise of the British World Order and the Lessons for Global Power.” Ferguson said the financial crisis that started in 2007 has “has accelerated a fundamental shift in the balance of power,” with the U.S. shedding power and China absorbing it.
     
    “I’ve just come back from China — a two-week trip there — and the thing I heard most often was, ‘You can’t lecture us about the superiority of your system anymore. We don’t need to learn anything from you about financial institutions and forget about democracy. We see where it has got you.’” David Gergen of CNN, who moderated the discussion, which also included billionaire Mortimer Zuckerman, asked Ferguson whether it made a difference if the U.S. declined as a world power.
     
    “Having grown up in a declining empire, I do not recommend it,” Ferguson said. “It’s not a lot of fun, actually, decline. To be more serious, a world in which the United States is no longer predominate is not likely to be a better world, actually.” In what he called his “light moment,” Ferguson said, “I think there is a way out for the United States. I don’t think its over. But it all hinges on whether you can re-energize the real mainsprings of American power. And those two things are technological innovation and entrepreneurship.
     
    “Those are the things that made the United States the greatest economy in the world and the critical question is, ‘Are we going to get it right?’ Can we revive those things in such a way that in the end we grow our way out of this hole the way the United States grew its way out of the 1970s and of course out of the 1930s?”

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July 14, 2010 Posted by | Economics, GeoPolitics, History | , , , , , | 1 Comment

Andrew Napolitano: Bush and Cheney Should Have Been Indicted for Torturing, for Spying and Arresting Without Warrants !

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July 14, 2010 Posted by | GeoPolitics, History | , | Comments Off on Andrew Napolitano: Bush and Cheney Should Have Been Indicted for Torturing, for Spying and Arresting Without Warrants !

Big Pharma Cartel And Its Death Grip On American Medicine!

July 14, 2010 Posted by | History, Medicine & Health | | Comments Off on Big Pharma Cartel And Its Death Grip On American Medicine!