Socio-Economics History Blog

Socio-Economics & History Commentary

First Nuclear World War Just Around the Corner?

  • The clock is ticking, the military setup is almost complete. Just a small spark will start this coming world war. A false flag (nuclear?) attack?
      
    First Nuclear World War Just Around the Corner?
    Seoul and Pyongyang have started another stage of the verbal war following the start of military drills in the Yellow Sea. The drills are being held to intensify South Korea’s response to asymmetrical provocations on the part of the potential enemy. S. Korean officials repeatedly stated that the nation would not tolerate any provocations from the North.
      
    Pyongyang labeled the military exercise in the Yellow Sea as direct military aggression to infringe upon North Korea’s right for self-defense.
     
    “Should the U.S. imperialists and (South Korea) finally ignite a new war of aggression … (North Korea) will mobilize the tremendous military potential including its nuclear deterrence for self-defense and thus wipe out the aggressors,” North Korea’s defense chief, Kim Yong Chun, said in Pyongyang.
     
    South Korea decided to continue demonstrating its military power, though. About 4,500 military men, 20 warships and 50 fighter jets are taking part in the drills, which started Thursday. The maneuvers will last through August 9.
      
    Pyongyang vehemently rejects its implication in the sinking of South Korea’s Cheonan vessel on March 26, when 46 sailors were killed. The ship, which was patrolling the area near the border with North Korea, split into two before sinking. South Korea and the USA claim that a North Korean submarine torpedoed the ship.
     
    International independent experts also cast doubts on Pyongyang’s implication in the tragic accident. A group of Russian experts, who visited South Korea, have not yet been able to come to certain conclusions about the sinking of the Cheonan.
     
    It is worthy of note that the most recent drills in the Yellow Sea conducted by the South Korean Navy take place shortly after large-scale US-South Korean “Invincible Spirit” maritime exercise, which took place on July 25-28 off the eastern coast of the Korean Peninsula in the Sea of Japan.
     
    USA’s Defense Secretary Robert Gates that the joint exercise had been arranged to show North Korea that its aggressive behavior should stop. Such an active demonstration of force made North Korea nervous. Officials of the isolated nation claimed that they would be ready to use nuclear weapons in the “holy war.”
     
    North Korea has already deployed long-range missiles near the border with South Korea. North Korea bought 350 Sa-5 missiles and 20 launching systems from the USSR at the end of the 1980s. The systems were installed on the outskirts of Pyongyang and several other cities of the country.
     
    The Soviet missiles can become a serious obstacle for South Korean Air Force in case the nation launches pinpoint attacks on strategic targets in the north of the peninsula. South Korean warplanes will have to fly at altitudes not lower than 3,000 meters if the missiles are activated.
     
    The Sa-5 missiles have been recently redeployed to the demilitarized zone. The move, military experts believe, will create a serious threat for South Korean fighter jets that patrol border territories.
     
    South Korean experts believe that Pyongyang will never dare to embark on a suicidal adventure. The two neighbors continue the dangerous game of playing with fire.
     
    Ivan Tulyakov
    Pravda.Ru

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August 7, 2010 Posted by | GeoPolitics | , | 3 Comments

Bob Chapman: The Illuminati Elites’ Coordinated Global Currency Devaluation Agenda!

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August 7, 2010 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Bob Chapman: The Illuminati Elites’ Coordinated Global Currency Devaluation Agenda!

Professor Chossudovsky: World War III Scenario?

  • World War III Scenario? by grtv
    A group of former CIA and military officials have written to President Obama to say they believe Israel is preparing to attack Iran this month. The group explained that Israel wants to launch a war suddenly, and make it politically untenable for Obama to do anything other than offer full US military support.
     
    Michel Chossudovsky from the Canadian Centre for Research on Globalization thinks that, in reality, Israel would need Washington’s backing first. “It is technically impossible, from a military standpoint, for Israel to actually launch a war on Iran without the green light from the US. This is not strictly an Israeli military project. The US from the mid-1990s in fact has indicated Iran as a possible target,” Chossudovsky evaluated.
     
    He acknowledged that the joint program of the US, NATO and Israel to attack Iran was formed sometime in 2004 at the time of invasion in Iraq. Chossudovsky believes that the threats are real and implications are far reaching.
     
    “If that war were launched within the next few months, a whole region would flare up from the Eastern Mediterranean right through to the Chinese border.” According to Mordechai Kedar from Israeli Begin-Sadat Center for Strategic Studies, Israel will never attack Iran by itself for a number of reasons.
     
    “First of all, it is very far away from us. We have to refuel the planes above the hostile states – like Saudi Arabia, Iraq, Jordan – which we do not have relations with, so it is very complicated to do it. Secondly, the Israel air forces are rather small in comparison to the width of Iran and the numbers of targets which we should deal with in Iran,” he said.
     
    “If there is something worldwide that the United States and maybe Britain and other states also take part in – maybe, Israel will take part in this as well. But Israel by itself, I think, will never attack Iran,” Kedar added.

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August 7, 2010 Posted by | GeoPolitics | , , , , | 1 Comment

What They’re Hiding: Explosive SEEPS Evident in Side-By-Side Comparison of ENHANCED Video!

August 7, 2010 Posted by | Disaster | , | Comments Off on What They’re Hiding: Explosive SEEPS Evident in Side-By-Side Comparison of ENHANCED Video!

Propaganda War Against Iran Debunked in Less Than 6 Minutes! Iran Does Not Have A Nuclear Weapons Progam!

  • The Illuminists are having wet dreams about their pet project to bomb Iran and start World War 3! The Illuminist Zionist colony is also itching to start this war. My suspicion is that something will go horribly wrong, especially for Zionist Israel. The end result it a total defeat for the Zionist regime!
     
  • I have been thinking about Barack Hussein Obama and what is the agenda to place him as President of the US (POTUS) at this point in history. His real name is Barry Soetoro and it is still his legal name. So why change it to a clearly Muslim name? There is a hidden agenda here.
     
  • In Islamic (Muslim) eschatology, just before the coming of the Mahdi ( the Muslim Savior),
     
    …a “tall black man will assume the reins of government in the West.” Commanding “the strongest army on earth,” the new ruler in the West will carry “a clear sign” from the third imam, whose name was Hussein Ibn Ali. The tradition concludes: “Shiites should have no doubt that he is with us.”
     
    In a curious coincidence Obama’s first and second names–Barack Hussein–mean “the blessing of Hussein” in Arabic and Persian. His family name, Obama, written in the Persian alphabet, reads O Ba Ma, which means “he is with us,” the magic formula in Majlisi’s tradition.”Will be Obama with us, Muslims, as the meaning of his name in Persian language. The name Obama in the Persian language (Iran’s language) means_ “He is with us.”
     
  • The Illuminists seem to be planning a game with the Muslim world. Their agenda is to set Zionist West against Muslim World as stated in the Satanic World War 3 plan. Their hidden agenda may be to deceive the Muslim world into thinking that the Mahdi (ultimate savior) is about to come. This is also what Christians believe about the soon 2nd coming of Jesus Christ.
     
  • The hoax scenario may run like this: After a certain period of war, the Illuminists do an about-face on Zionist Israel, turn on the Zionists and destroy Zionist Israel totally. The Muslim world is alive with chatter that Barack Hussein Obama is definitely the one before the Mahdi arrives! The Illuminists problem is: keep Zionist Israel but fail in their conquest of the Muslim world, or destroy Israel and gain the support of the Muslim world. They will use Israel to start this war and eventually switch side to destroy Israel.
     
  • The Christian world awakens to the fact that Zionist Israel no longer exist and relooks into Ezekiel 38:
     
    Ezekiel 38:10-11 (New King James Version)
    10 ‘Thus says the Lord GOD: “On that day it shall come to pass that thoughts will arise in your mind, and you will make an evil plan: 11 You will say, ‘I will go up against a land of unwalled villages; I will go to a peaceful people, who dwell safely, all of them dwelling without walls, and having neither bars nor gates’
     
  • They then realize that Zionist Israel was never the Israel of the bible. And, in fact, what just happened ie total destruction of Zionist Israel is the fulfilment of above verses highlighted in brown. These verses speaks of people living in tent cities. It implies that all the beautiful modern walled cities of Zionist Israel will be totally destroyed.
     
  • So we come to a situation where both the Judeo-Christian and Muslim world is expecting the coming of the savior, amidst intense wars around the world and in the middle east. This is the perfect setup for the coming of the false messiah, the Anti-Christ, man of sin… 
     
    2 Thessalonians 2:9-12 (New King James Version)
    9 The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders, 10 and with all unrighteous deception among those who perish, because they did not receive the love of the truth, that they might be saved. 11 And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.
     
  • What better time for the Illuminists to launch their greatest and most mind-boggling hoax. A lie so big, a delusion so strong that both the Muslim and Christian world will fall away? I have said it before: this will be the staged ‘invasion’, return of the ET gods and their Nephilim demigod children (Project BlueBeam). Light beings with their several mile long light ships appearing in the skies, declaring ‘we are your gods, the Elohim of the bible/Koran…‘. Offering magical technology and the gift of eternal life via cloning and the transference of the soul to the new cloned body. Remember:
     
    Revelation 9:6
    6 In those days men will seek death and will not find it; they will desire to die, and death will flee from them.
      
    Revelation 18:11-13 (New King James Version)
    11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: 12 merchandise of gold and silver, precious stones ….. horses and chariots, and bodies and souls of men.
     
  • As the war in heaven rages on and on. The first set of fallen angels arrive on earth, what we now term extraterrestrials. Finally, after 1-2 years Satan is totally defeated and all his hoards are cast onto the earth. With Lucifer will be the Anti-Christ, a Nephilim imprisoned until then.
      
    Revelation 12:7-9 (New King James Version)
    Satan Thrown Out of Heaven   
    7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they did not prevail, nor was a place found for them[a] in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.
     
  • Truth is stranger than fiction. The stage is set for an interesting final 10 years (my guestimation) before the rapture. Unfortunately, the Christian world is woefully unprepared for this coming strong delusion!
      
    2 Thessalonians 2:3-4 (New King James Version)
    3 Let no one deceive you by any means; for that Day will not come unless the falling away comes first, and the man of sin[a] is revealed, the son of perdition, 4 who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God[b] in the temple of God, showing himself that he is God.

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August 7, 2010 Posted by | EndTimes, GeoPolitics | , , , , , , , | 1 Comment

Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression!

  • The plug is about to be pulled on the US economy. The favourite solution of the Illuminist ruling elites is to bring the nation to war. I still see a false flag (nuclear) attack coming on America. This will be far worse than 9/11. The Illuminists have been hinting of this plan for quite some time. See:
     
    Operation BlackJack: London Telegraph. Illuminati Slide-Show! False Flag Nuclear Attack!
    Operation BlackJack: Is The Stage Set For A Nuclear False Flag Attack To Launch World War 3?
    Gordon Duff: Stage Being Set For “Dirty Bomb” False Flag Nuclear Detonation in a US City! Times Square Bomb Hoax, Israeli Intel Group Shows It’s Hand !
    Operation BlackJack. Terrorist Nuclear Attacks on London, New York, Washington DC, Toronto, Portland, Los Angeles.. Scenario
    Alex Jones: Next False Flag in USA Maybe Nuclear!
    Steve Quayle: Global Flashpoints And Apocalypse! False Flag Terrorism, World War, Depopulation, Return of the Nephilim Giants And More ….
    Gerald Celente: Terror 2010 ! Another False Flag Terror Attack To Start World War 3 !
     
  • When the fireworks start, they will straight away blame: Iran, Al Qaeda, Venezuela, North Korea… for it. The forces are already in place to start World War 3! The sheeple will be so shocked and traumatized that they will believe what the Illuminists say and agree to immediate reprisal.
     
  • When people are faced with such acts of terror they go into the R-Complex Brain mode, an emotional fight or flight state, and look for someone to offer them security/protection/revenge. The mind’s ability to reason is suspended. But this state does not last for long, so the Illuminists via their MSM will almost immediately blame the patsies and will activate reprisal within days or even hours. Thus, World War 3 will commence.
     
  • The economy is about to flatline. The Feds solution will be a massive amount of QE. War will be a useful distraction to control the sheeple.
       
    Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
    The Energy Report: A few months back, John, you said, “if you strangle liquidity you always contract an economy and deliberately or not, liquidity is being strangled, resulting in sharp declines in consumer credit, commercial and industrial loans.” Does this mean it would spur more economic growth if banks actually started lending?
     
    John Williams: It sure wouldn’t hurt. We’re still seeing contractions in liquidity, and that’s adjusted for inflation. In real terms, M3 money supply is down almost 8% year-over-year. It’s the sharpest fall in the post -World War II era. It’s not so much the depth of the decline in the liquidity or the duration, but the fact that the liquidity turns negative year-over-year that signals the economy turning down.
     
    We had the signal in December of 2009 indicating intensification of the downturn, in this case, within six to nine months. We’re in that timeframe now and see softening numbers. People are talking about a weaker economy. Even Mr. Bernanke has described the economy as “unusually uncertain” in terms of its outlook. Wording like that from the Fed is a pretty good indication that something’s afoot.
     
    TER: Why is M3 still contracting?
    JW: Just as you noted, the banks are not lending. The money the Fed put into the system in terms of buying mortgage-backed securities from the banks and trying to help bank liquidity ended up back with the Fed as excess reserves. We have well over $1 trillion there; had the banks loaned that money in the normal stream of commerce, it would have added more than $10 trillion to the broad money supply, which otherwise is up around $14 trillion. That certainly would have had some inflationary impact if not in terms of actual business activity. You can’t always get the economy to grow by pushing money into it. Sometimes it’s like pushing on a string.
     
    TER: And you say that a contracting money supply is a sure sign of trouble?
    JW: When it contracts year-over-year adjusted for inflation, that’s a signal for a downturn or an intensified downturn. It happens every time. Squeeze liquidity and business activity contracts.
     
    On occasion, we’ve had recessions without a preceding downturn in the money supply. And sometimes, the money supply has turned positive but the economy has not followed—again, pushing on the string. Expanding money supply has led to upturns as well, so the Feds had to give it a try to stimulate the economy. But the one sure signal is the downturn. You don’t get it often but it’s very powerful when you do.
     
    We’re beginning to see the data break. Some unusual factors have been at work. I expect an accelerating pace of downturn in the next couple of months. The numbers will turn sharply worse. Consensus estimates are already moving in that direction and most everything will follow. Industrial production is still up but retail sales have been falling. Payroll numbers have been flat when you take out the effects of the census hiring. Those employment numbers will turn down in the next month or two, providing an important indicator of renewed economic contraction.
     
    So we’ll see how it develops, but we’re at that turning point. It is happening as we speak. At the end of July, we got an estimate of the second quarter GDP, where the pace of annualized growth slowed to 2.4%. The early GDP estimates are very heavily guessed at, so most of the time you don’t know if you’re getting a positive or a negative number. You get a margin of error of plus or minus 3% around the early reporting. That happens also to be about average growth.
     
    Nevertheless, on a quarter-to quarter-basis, I think we’ll see GDP down again in the third quarter. With the bulk of the reported GDP in the first half due to inventory building, the stage for renewed contraction has been set. By then we’ll find the consensus pretty much in the camp that we’re in a double-dip recession. The popular press will describe it as a double dip, but we never had a recovery. Actually, this is just a very protracted, very deep downturn that has had a pattern of falling off a cliff, bottoming out, having a little bit of bump due to stimulus and then turning down again. Sort of shaped like the path of a novice skier going down a jump for the first time. Speeding sharply down the hill, he goes up in the air and starts spinning wildly as he tries to figure out which end is up with his skis. Then he takes a pretty bad tumble. We’re beginning to spin in the air.
     
    TER: But we’ve been in recession for three years now?
    JW: The second leg that I’m talking about is the one now underway as we get to the middle of 2010. December 2007 is when this recession officially started, although I contend that it started earlier in 2007. At any rate, the economy plunged through 2008 and well into 2009. The numbers were pretty much bottom-bouncing during the second half of 2009. The auto deals and the homebuyer deals added a little spike to the growth pattern, but that growth was stolen from the future. It didn’t create new demand.
     
    Let me just clarify a bit. Recession, at least traditionally, was defined as two consecutive quarters of contracting real GDP growth adjusted for inflation. The National Bureau of Economic Research, the defining authority as to whether we’re in a recession, will deny it, but at one time they used that general guideline as well. They’ve always used other numbers, too, such as employment and industrial production, trying to time the beginning or the end of a recession to a particular month. Significantly they did not call an end to this recession. They said it was too early to call, but I think they had a pretty good sense of what was going to happen. So what we’re seeing now just looks like an ongoing deep recession. The next down leg is going to be particularly painful and I’m afraid particularly protracted.
      ….
    TER: We no longer really have the option of expanding the debt and it’s doubtful that even short-term stimulus will have much impact. Looking at this next leg down against that backdrop, what projections would you make about unemployment, housing prices, GDP as we look through the end of 2010 and into ’11?
     
    JW: Unemployment will be a lot worse than most people expect. Housing will continue to suffer in terms of weak demand. But in this crazy, almost perverse circumstance, the renewed weakness to a large extent will help push us into higher inflation. Real estate tends to do better with higher inflation, but it’s not going to be a happy circumstance for anyone.
     
    The government is effectively bankrupt. Using GAAP accounting principles, the annual deficit is running in the range of $4 trillion to $5 trillion. That’s beyond containment. The government can’t cover it with taxes. They’d still be in deficit if they took 100% of personal income and corporate profits. They’d also still be in deficit if they cut every penny of government spending except for Social Security and Medicare. Washington lacks the will to slash its social programs severely, to change its approach to ever bigger government. The only option left going forward is for the government eventually to print the money for the obligations it cannot otherwise cover, which sets up a hyperinflation.
     
    All of what I just described was already in place when the systemic solvency crisis broke. Before this crisis the government was effectively bankrupt. In response to the crisis, the government may have gone beyond what it had to do, but you err on the side of conservatism when you’re trying to prevent a systemic collapse. That was a real risk. It still is. Irrespective of the politics of big government spending, quantitative easing, renewed bailing out of banks, whatever is involved, I’d argue that the government still will do whatever it takes to prevent a systemic collapse. That last series of actions had the effect of rapidly exploding the deficit. In just a year, we went from something under $500 billion in official reporting, on a cash basis as opposed to GAAP basis, to something close to $1.5 trillion.
     
    TER: How big will that deficit grow in this second painful and protracted period? 
    JW: I can’t give you a hard number, but I can tell you this. The markets came into this year on consensus projections that we’d have positive economic growth. Forecasts for the federal deficit, treasury funding, banking system solvency, etc. all were based on assumptions of recovery, of positive growth. Those assumptions presumably still underlie what I consider to be an irrational stock market.
     
    But those projections and assumptions were wrong. We’re going to have negative growth. The downturn will intensify. We’re not in recovery. We have states on the brink of bankruptcy. The federal government isn’t going to let California or New York or Illinois collapse. Those are threats to the systemic survival. They’re also going to spend a lot more to support people on unemployment. Again, putting aside election year politics and such, the banking industry will need further bailout as solvency issues come to a head again. The federal deficit is going to balloon. It’s going to blow up much worse than any formulas would give you, and Treasury funding needs will explode.
     
    TER: Clearly you see us spiraling out of control.
    JW: We’ve been talking about an economic recession, but we are headed for something far worse. I define a depression as a 10% peak-to-trough contraction in the economy. In terms of the broad economy, we’re not down 10% in GDP yet. So while we’re not formally in depression, we’re certainly seeing it in a number of indicators and I think we’ll be in a depression, with GDP down 10%, in the near future.A contraction greater than 25% peak-to-trough puts you in a great depression. That is what I envision, but we’ll be taken there by hyperinflation and a resultant cessation of normal commerce.
     
    TER: Hyperinflation means different things to different people. How do you define it?
    JW: My definition has been and will remain very simple. When the largest-denomination note in circulation—the $100 bill in the case of the U.S. dollar—has the same value as toilet paper, you have a hyperinflation. You saw that in the Weimar Republic. People papered their walls with money.
     
    TER: I think you’ve said that the only reason that Zimbabwe’s economy survived is because they started using dollars as black market currency. 
    JW: But you don’t have anything like that in the United States as a backup. We’re going to have a much rougher time in the U.S., of all places, than they had in Zimbabwe. Zimbabwe was able to function because people could exchange the local currency into dollars, and then buy things with the dollars, so the economy continued to function. Without some kind of a backup system, as the currency becomes worthless you’ll see disruptions to key supply chains. When people don’t have food, you end up in very dangerous circumstances.
     
    TER: Do you see any real potential for precious metals or another currency as a backup?
    JW: Well, yes. I think they will become a backup fairly quickly, but we don’t have any widely developed black market for another currency at this point because the dollar remains the world’s reserve currency. All sorts of things may develop that we don’t anticipate. What will be used to cover for the dollar? Gold and silver? The precious metals are limited in supply and not widely held by the population in general. Hard currency from Canada or Australia? That wouldn’t be in wide circulation, at least not early on. I think a barter system is where it will go until the currency system is stabilized, but the currency system can’t stabilize until the government’s fiscal house is in order.
     
    There’s no sense in setting up a currency on a gold standard if you can’t live within your means, because you’d just end up going through successive devaluations against gold. So whatever’s done to set up a new currency system will have to be in general conjunction with the overhaul of the government’s fiscal condition. But in the interim, something of a barter system would evolve. Even that, though, is something that may take six months to get stabilized.
     
    TER: It’s hard to imagine.
    JW: In the Weimar Republic, you could go into a fine restaurant one evening and enjoy its most expensive bottle of wine with a nice dinner. You’d probably negotiate the price before you sat down, because the price would be higher by the time you finished dinner. By the next morning the empty wine bottle would be worth more as scrap glass than it had been worth as an expensive bottle of wine the night before. That’s how rapidly things change in a hyperinflation.
     
    But we have a circumstance that did not exist in the Weimar Republic. Our society is heavily dependent on electronic cash. Say you have a credit card with a $10,000 limit. In hyperinflation, that $10,000 might be enough to buy you a loaf of bread.
     
    TER: There’s not even enough physical cash running around anywhere in the United States that actually represents what goes back and forth electronically. If you can’t use your debit card, how do you pay for your coffee at Starbucks? And how will companies and banks adjust?
    JW: You’re not going to have electronic payments that are in-barter equivalent that I can foresee. That would be a fairly sophisticated system and the needs are going to be immediate. When hyperinflation starts to break, it can unfold in a matter of weeks, months. You’ll need to be able to handle things rapidly. Frankly I think the system will tend to break down. It’s not a happy circumstance. How will a small company get its goods to people? There might be blackouts. Who’s going to get the fuel to the power plants?
     
    TER: And to the gas stations for the cars for people who still have jobs?
    JW: Yup. It will get very difficult. Society won’t run as we’re used to it. People will find a way, but it’s going to take a little while for that to stabilize.
     
    In an electronic society it’s going to take some creative thinking by businesses. I’m sure some people will figure out some ways to accommodate these changes, but it’s going to be a painful, costly process that won’t be conducive to normal revenue flows—at least not as measured in inflation-adjusted dollars.
     
    TER: I’m almost afraid to ask, but how will the stock markets fare when the system breaks down?
    JW: Stocks generally tend to reflect inflation, since revenues and profits are in inflated dollars. If you look at stock prices adjusted for inflation, you can have a bear market as well as a bull market. But these are not going to be good economic times. So I think we’re going to have a real bad stock market adjusted for inflation. I’d stay out of stocks in the U.S. With the U.S. markets in serious trouble, the rest of the world probably will see lower stock prices as well, but they’re not going to have the hyperinflation.
     
    TER: What will plunge us into this abyss? And when?
    JW: I think the odds are extremely high that we’ll see it break within the next year. I would put it six months to a year, outside. We’re getting extraordinary protestations from other central banks about the U.S. finances, its solvency, risk of the dollar. Before the current crisis you never would have heard any central banker making such comments. As this breaks, it’s going to be obvious that the U.S. is moving to debase its dollar. It’ll have no option to do otherwise. I would fully expect some foreign holders looking to dump the Treasuries. With the dollar plunging, the Treasury won’t be able to get the funding that it needs from a practical standpoint in the open markets.
     
    The Fed will come in to salvage that situation, becoming the lender of last resort to the Treasury—literally monetizing the Treasury debt. The Fed might have a couple different ways to address the dollar situation, from raising interest rates to direct intervention, slapping on currency controls. I can’t tell you exactly how it’s going to go. But you’ll have an environment that’s effectively creating a perfect storm for the U.S. dollar. I hate to use the term but it’s a good one.
     
    Heavy dollar selling will be exceptionally inflationary. Oil prices will spike in response to the weakness in the dollar. Oil is a primary commodity that drives consumer inflation; that’s how you can have inflation in a recession. The traditional wisdom is that strong demand against limited supply causes inflation, but you can also have inflation due to commodity price distortions, which is what we had back in ’73 and what we’ve seen over the last year or so.
     
    Most of the recent volatility in the CPI has been due to swings in oil prices, which have been directly tied to swings in the value of the U.S. dollar. About $7 trillion in liquid dollar assets that overhang the market outside the U.S. could be dumped overnight. We’re going to be seeing a lot of pressure to accept that back in our system, and it will be very inflationary. The Fed’s options will be limited, but again I’d expect them to try and maintain systemic solvency.
     
    So what we end up with is a circumstance where the dollar is under heavy selling pressure. People will feel the squeeze on their inflation-adjusted income with much higher prices for gasoline and fuel oil. The route to the monetary inflation will take hold from the Fed’s direct monetization of Treasury debt. As we discussed earlier, the mortgage-backed securities taken off the bank balance sheets have generally gone to excess reserves and are sitting with the Fed. That hasn’t been inflationary so far because it hasn’t gone into the money supply.

    TER: And what do you advocate in terms of individuals preserving wealth and assets?
    JW: Hold some gold, silver, precious metals. I’m talking physical possession. Preferably coins because coins, sovereign coins, are recognized as such. They don’t have liquidity issues. Having some assets outside the U.S., and certainly some assets outside the U.S. dollar, is a good thing. I like the Australian dollar, the Canadian dollar, the Swiss franc in particular. They won’t suffer the same hyperinflation in Australia, Canada and Switzerland as we do in the U.S., so those currencies will tend to act as ways of preserving wealth. Over time real estate is a traditional store of wealth, but it’s not portable and sometimes it’s not liquid.
     
    If I’m right about what’s going to unfold, a significant shift in government is possible; suppose the government moved so far to the left where maybe private ownership of property was not allowed. Having a lot of assets in real estate under those circumstances might not be so good. I think generally real estate is a good bet but you also have to consider the risks. Use common sense. Think through different things that could happen.
     
    Most importantly, build up a store of supplies, more than you would normally consume over a couple of months, particularly food and water, canned goods. Having those goods can save your life in a number of ways. You’d have food to eat, and if you have extra you can use it to barter. I met a guy who’d been through hyperinflation and found for purposes of the barter system those airline-size bottles of high-quality scotch proved quite valuable. Buy things that you would otherwise consume and rotate your inventory. Don’t go out buying all sorts of things you’ll never use. Keep what makes sense to you and your circumstances. Make sure you have things that are stable. Not too perishable.
     
    I had a professor at Dartmouth who’d lived for a while in a hyperinflationary environment that devolved into a barter system. He told a story about how his father had traded his shirt for a can of sardines. He decided to eat the sardines, which was a mistake because they had gone bad. But nonetheless that can of sardines had taken on monetary value. So when you look to trade things you want to be careful what you’re doing.  

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August 7, 2010 Posted by | Economics | , , , , , , , , , , , , , , , , | 1 Comment

Israel Plans Mass Forced Removals of Bedouin! Negev Village Torn Down For Second Time!

  • Christians who support Zionist Israel must re-examine their beliefs. There are no commandments in the bible to support Zionist Israel, to take land away from others and give to Zionists who claim to be the ‘chosen people’. The bible is very clear that Israel is the rejected people, not the chosen people. The chosen people in this church age are Christians.
     
    Romans 11:11-12,15
    11 I say then, have they stumbled that they should fall? Certainly not! But through their fall, to provoke them to jealousy, salvation has come to the Gentiles. 12 Now if their fall is riches for the world, and their failure riches for the Gentiles, how much more their fullness!

    15 For if their being cast away is the reconciling of the world, what will their acceptance be but life from the dead?
     
    1 Peter 2:9-10 (New King James Version)
    9 But you are a chosen generation, a royal priesthood, a holy nation, His own special people, that you may proclaim the praises of Him who called you out of darkness into His marvelous light; 10 who once were not a people but are now the people of God, who had not obtained mercy but now have obtained mercy.
     
  • 80-90% of modern Jews are Ashkenazi Khazars. They are not semitic in origin. How can the biological descendents of Jacob not be semitic? The covenant of God was with the biological descendants of Israel. The Khazars originate from the Caucasus mountains of what is now Kazakstan and Georgia.
      
    1980 Jewish Almanac
    “Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
    (1980 Jewish Almanac, p. 3)
     
    The Jewish Encyclopedia:
    “Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
     
    The American Peoples Encyclopedia
    for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.

     
  • Every day the Zionist state of Israel violate God’s commandments. The bible absolutely forbids oppression of people different from us. The bible forbids discrimination and forbids having different laws for Jews and non Jews. The command is to love the stranger. And yes, the bible forbids the eviction of non Jews from Palestine!
     
    Exodus 22:21
    “You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.
    Exodus 23:9

    “Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.
    Leviticus 19:33
    ‘And if a stranger dwells with you in your land, you shall not mistreat him.’ 
    Leviticus 19:34
    The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.  
    Leviticus 23:22
    ‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’” 
    Leviticus 24:22
    You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.’”
    Ezekiel 47:22-23 (New King James Version)
    22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.  
     
  • To those Jews and Christians who say that evicting Palestinians and non Jews from Palestine is OK, you are an idiot. If you need a 2nd opinion you can consult Lusha the chimp here! Read carefully the commandments above. 
     
    Israel Plans Mass Forced Removals of Bedouin
    Negev village torn down for second time
    Israeli security forces destroyed a Bedouin village this week for the second time in a matter of days, leaving 300 inhabitants homeless again after they and dozens of Jewish and Arab volunteers had begun rebuilding the 45 homes. 
     
    Human rights groups warned that these appeared to be the opening shots in a long-threatened campaign by the Israeli government to begin mass forced removals of tens of thousands of Bedouin from their ancestral lands in the southern Negev. The High Follow-Up Committee, the main political body for Israel’s Arab minority, vowed this week to help rebuild the village for a second time and said it would call on the UN to investigate Israel’s treatment of the Bedouin.
     
    Al Araqib village, which is a few kilometres north of the Negev’s main city Beersheva, has become a symbol of the struggle by about 90,000 Bedouin to win recognition for dozens of communities the government claims are built on state land. In a test case before the Israeli courts, an inhabitant of al Araqib has been presenting documents and expert testimony to show his ancestors owned and lived on the village’s lands many decades before Israel’s establishment in 1948. The judge is expected to rule within months.
     
    “Tearing down an entire village and leaving its inhabitants homeless without exhausting all other options for settling longstanding land claims is outrageous,” said Joe Stork, the deputy Middle East director of Human Rights Watch. A force of 1,500 police, including a special riot squad wearing black balaclavas, entered the village early on Wednesday to pull down a dozen wooden shacks and a half-built concrete home. The local Aturi tribe had been in the process of rebuilding the village after it was razed by bulldozers a week earlier.
     
    The Israeli forces also uprooted 850 olive trees, said Ortal Tzabar, a spokeswoman for the government’s Land Administration. Yesterday Adalah, a legal group for Israel’s 1.3 million Arab citizens, demanded a criminal investigation into what it called “police brutality” during both demolition operations.
     
    Sawsan Zaher, a lawyer, said assaults on villagers, confiscation of their property and the security forces’ decision to cover their faces and not wear identity tags were all designed to “instil fear” in the residents.
     
    Taleb a-Sanaa, a Bedouin member of the Israeli parliament who was left unconscious on Wednesday after police dragged him from a tent in which he was staging a protest, warned that the government was risking “an uprising in the Negev”. Six village leaders were arrested shortly afterwards when they refused to sign a paper committing not to return to al Araqib.
     
    Awad Abu Freih, a village spokesman, said they remained defiant. “The authorities want to break our connection to this land so it can be turned over to Jews. They can keep destroying, but we will continue rebuilding. We will not leave.” The first demolition of the village, late last month, came shortly after Prime Minister Benjamin Netanyahu warned his cabinet that the growth of the country’s Arab minority, already a fifth of the population, posed a “palpable threat” to the state’s Jewishness.
     
    “The effect could be that different elements will demand national rights within Israel – for example, in the Negev – if we allow for a region without a Jewish majority.” Last month the government announced a $50 million assistance programme to encourage army personnel to relocate to Jewish communities in the Negev. The Bedouin’s increasing assertiveness about their indigenous status, which is backed by international groups, has led to a backlash from officials, who regularly refer to the Bedouin as “squatters” and “invaders” of state land.
     
    Nili Baruch of Bimkom, an Israeli planning rights group, said a master plan currently being approved for the metropolitan area of Beersheva required “more house demolitions and more forced removals of the Bedouin population”, such as occurred at al-Araqib. In addition, she said, the authorities had approved a special operation known as “Hot Wind” to carry out the demolitions.
     
    The government’s conflict with the Bedouin dates back to Israel’s founding, when most of the Negev’s population were driven out of the new state. With the highest birth rate in Israel, the surviving tribes have grown rapidly and now number 180,000, more than a quarter of the Negev’s population despite waves of state-sponsored Jewish migration.
     
    Israel has refused to recognise most of the Bedouin’s traditional communities and insists they move into seven deprived townships built by the government several decades ago. Only about half have done so, with the rest insisting on their right to continue with their pastoral way of life. Al-Araqib has become a particular point of friction because most of the Aturi moved into a nearby township, Rahat, in the 1970s, after their lands had been declared a closed military zone.
     
    But faced with severe overcrowding in Rahat and no new land for expansion, many young families began moving back to al-Araqib a decade ago. Like 45 other unrecognised villages, al Araqib is denied all services, including water and electricity, and its buildings are illegal. A recent government commission found that tens of thousands of Bedouin buildings are subject to demolition orders, though until now individual buildings have been targeted, not whole communities.
     
    Last month the Beersheva planning committee approved a scheme to recognise 13 Bedouin villages and force the other inhabitants into the townships. In that plan, al Araqib’s lands are designated for a “peace forest” – funded by an international Zionist organisation, the Jewish National Fund – a move Mr Abu Freih said was designed to prevent the villagers’ return.
     
    Ms Baruch said the authorities were demanding the inhabitants move to Rahat, even though no homes were provided for them. Mr Abu Freih said other parts of the tribe’s lands nearby had been secretly settled by Jews in 2004. In a night-time operation JNF and government officials set up caravans that subsequently became an exclusively Jewish known as Givat Bar.
     
    From 2002, Israel began a policy of annually spraying herbicide on al-Araqib’s crops, in an attempt to move them off the land, until the supreme court deemed the practice illegal in 2007.

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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August 7, 2010 Posted by | GeoPolitics, Social Trends | , , , , , | 14 Comments