Socio-Economics History Blog

Socio-Economics & History Commentary

Freeman: HAARP, Haiti Earthquake, Cloning, Occult Luciferian Intelligence Agencies/Technology, Project BlueBRAIN, Soul Transfer Technology …..

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August 25, 2010 Posted by | EndTimes, Science & Technology | , , , , , , | 3 Comments

Lynn Marzulli: The Coming Great ‘UFO Alien Invasion’ Deception! Illuminist Hollywood Films Selling ET Delusion. New Generation of RFID Mark Of The Beast!

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August 25, 2010 Posted by | EndTimes, Social Trends | , , , , , , | 6 Comments

Former MI5 Agent Annie Machon On Mossad Involvement On 9/11 !

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 25, 2010 Posted by | GeoPolitics, History | , , , , | 5 Comments

Max Keiser: America, A Walking Dead-Zombie Country!

  • Max Keiser is hilarious in this interview. You may not like his over the top exaggeration at times, but you can’t say he doesn’t call a spade a spade.
      
    Mr. Keiser, in your initial email you wrote to me:
    “The key to understanding the current situation is to understand that house prices, jobs, wages, and pensions in the US are all being attacked with original-issue debt dollar junk.
    This will continue until the middle class has been completely wiped out.”
     
    Can you elaborate on this, please?
    Yes, it’s a Financial Holocaust. It is designed to destroy the American middle-class. We face an original-issue deflation, if you will. It is as if Michael Milken ran the Fed. If you look at the work of Steve Keen (
    http://www.debtdeflation.com/blogs/), an economist in Australia and one of a very few economists who got the crisis of the past three years accurate, you understand that the banking system does not work on a system where deposits are the basis for fractional reserve. The banking system works on the basis of loans used as the collateral for more loans.
     
    That means that the origination of all the fractional reserve lending that is going on is just more debt. There are no retail deposit reserves or wholesale deposit reserves, just original issue dollar based junk debt. And when you understand that debt is at the bottom of the pyramid and that there’s no equity at all, or capital as this term is usually understood, then you understand that the banks and the policy makers are continuing a programme at the behest of Wall Street to commit a Financial Holocaust to eliminate the majority in America, which is the middle-class. Wall Street banks with their CDS’s, High Frequency Trading and bogus market making are injecting the equivalent of financial Zyklon B into the American and world economy.
     
    With regard to the U.S. economy, would you agree with Paul Krugman, who wrote not a long time ago that the lights in the U.S. are about to go out?[1]
    Paul Krugman is a salon monkey. You can quote me on that.
     
    Okay, no problem (laughs).
    He is a tool of the New York Times. If it wasn’t for the New York Times, no one would read Paul Krugman. He has absolutely nothing credible to say. He is merely a mouthpiece for neo-liberal clap-trap. Any minute you spend reading Paul Krugman is a minute of your life that you’ll never get back.
     
    How does the mainstream media not only in the U.S., but in the Western hemisphere in general, play its part to ascertain its recipients that everything is more or less alright?
    Well, the mainstream media is owned by the banking system. There is no widely disseminated media-outlet that is not owned by the banking system. Every media-outlet in the United States – Fox News, CNN, the New York Times etc. –  is an extension of CNBC and James Cramer.
     
    How do you feel in this context about the attempts to regulate the internet?
    It’s a sad chapter in American history, because the internet came into being as the result of the good will of the American taxpayer. Now you have private corporations like Google and Verizon, who are stealing it. That’s unconscionable. It’s a hanging offense. If there would be any justice, the principles of Google and Verizon would be  strung up and beaten.
     
    Will those attempts have bad effects for the journalism that’s going on in the internet?
    Yes.
      
    What is your take on the “Financial Reform Act” that passed Congress a few weeks ago? Does it deserve its name?
    No. I’ve talked with Bill Black about this and he made all the salient points: it’s purely cosmetic, does nothing to address the structural problems and is dead on arrival.[2]
     
    You’ve already mentioned the problem of deflation. The Federal Reserve tries to fix this problem, allegedly, with a new round of quantative easing. Will this not make everything worse?
    Well, getting back to the original question: the Fed can only issue debt. So they’re trying to fix the debt-deflation problem by issuing more debt. Whatever drugs Ben Bernanke is on, he should either take less, take more or change his prescription.
     
    Related to the deflation in the U.S., many pundits compare the United States with the deflationary Japan of the early 1990’s until today. Do you agree with this analogy or do you rather share the opinion as it was expressed by Egon von Greyerz, the co-founder of “Matterhorn Asset Management AG” in Zurich, who said that the U.S. is in a very different situation than Japan was and is?[3]
    When Japan started their deflationary spiral, they had huge savings. America has no savings. The best comparison for me is to compare the U.S. in 2010 with Argentina in 2000.
     
    Why so?
    Because the problem in America is that the bankers and the politicians conspire to loot the country of whatever money they can yet steal. We see a kleptocracy in action and the people will be left homeless and starving.
     
    This is done by design?
    People steal money on purpose (laughs). The kleptocrats steal money, because they want to steal money. They don’t accidently steal money. It’s done on purpose. It’s premeditated. Thieves steal money, because they want the money.
     
    Let’s take a look at the crisis of the euro. It seems to be less acute for now, but it will come back, right?
    Everything is going to be devaluated against gold.
     
    And gold is not in a bubble?
    Anyone who says gold is in a bubble, is talking out of their ass. When assets go into a bubble-price, you have an extremely popular ownership of that asset. Take for example the dotcom-stocks in the 1990’s or the S&P in the 1980’s – you had a very large percentage of the population participating in the formation of those bubbles. In the case of gold bullion, less than one per cent of the global investable assets are in gold. Not only isn’t it in a bubble, the real bull market in gold hasn’t even started. It’s still in a bear-market. Let me put it to you that way: gold is still in a bear-market.
      
    During an interview with me, the President and Chief Investment Strategist of the investment research and wealth consulting firm SmartKnowledgeU, LLC (
    http://www.smartknowledgeu.com), J. S. Kim, told me the following:
    “I think if U.S. regulators stepped in and said Goldman Sachs, HSBC and JPMorgan couldn’t participate in the gold and silver futures-market for three weeks – I really think you would see the gold and silver price more than double in that time.”[4]
     
    Do you agree on that estimation?
    Yes, he’s right. For instance in the case of JP Morgan, they have something like 30.000 contracts short in the silver futures-market. So if they would have to close up their shorts, the price of silver would at least double – and then it would start to really move higher.
     
    Would you then also agree that the Gold Anti-Trust Action Committee, GATA, had a good reason to cause some trouble for the CFTC related to this problem?
    The Gold Anti-Trust Action Committee are a dedicated group of whistleblowers that I hope will continue in their work to expose the market-manipulations and insider-tradings that are plaguing the precious-metal markets.
     
    What are your thoughts with regards to the recent statement by the central bank of China, the People’s Bank of China, to implement a regular gold market in its country, and that the commercial banks in India are asking the Indian central bank to do the same? 
    At the moment there is an enormous example of what you might call game-theory. There are China, Russia and Germany as the three biggest players in this global exercise of game-theory. One of those three countries will be the first to announce a gold-backed currency. At that moment, every other central bank in the world will have to announce a similar move, because if they don’t, then they risk losing a huge capital flight out of their currency. It is just a matter of time before one of these countries announces a gold-backed currency and the price of gold triples.
     
    In the case of China, obviously they want to squeeze every last drop out of the brain-dead American consumer. When the American consumer has bought the last plastic toy and snow shovel made in China from Wal Mart that he can buy from the borrowed money on the 100th uncollateralized credit-card and they can’t hyper-consume one penny more, like the fat guy who eats the wafer at the end of the meal in the famous Monty Python sketch – who then explodes in a storm of half eaten foie gras and guts – then China will drop the bomb by announcing a gold-backed currency and the sale of a trillion in U.S.-government securities.
     
    In the case of Germany, you really believe it would be able to issue a gold-backed currency?
    Germany has always held on to their gold. Germany isn’t a country that is anxious to get rid of its gold. It has a very substantial position in gold and I am surprised that the Bundesbank has not announced increased purchase of gold yet. Maybe they have something cooking on the side, I don’t know. But I believe that the gnomes in Zurich and Berlin are smart enough to see what’s happening. They know that a country with a large gold position is going to do well.
      
    One final question on precious metals: do you think that silver could outperform gold in the long run?
    Yes, sure.
     
    Okay, then let’s change the subject. What is your opinion on BP’s so called “oil spill”? Do we really get the information that we would need in order to assess the true magnitude of the catastrophe in the Gulf of Mexico?
    The most revealing aspect of the BP oil spill was that it showed to the world that America currently has no President.
     
    In the sense that Mr. Obama is something like a doppelganger of Mr. Bush during Katrina?
    Much worse. At least with Bush you knew where he stood. I believe with Obama there is nobody home. He is a ghost. He doesn’t do anything. He is a Manshurian Candidate, he is a robot, he is nothing. He has done nothing, he is doing nothing, he will never do anything. Obama is just waiting to get a job at Goldman Sachs or JP Morgan in three or four years time and that’s it. The White House is a way to improve his resume.[7] The BP oil spill revealed that America is running with no leadership at all. There is nobody at the helm of the ship. It’s running wild with no leadership whatsoever.
      …..
    Paul Craig Roberts wrote in an essay called “The Ecstacy of Empire: How close is America’s Demise?”, that was published this week, the following:
    “The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated. Without a revolution, Americans are history.”[6]
     
    Do you share my opinion that the United States belongs to the least places in the world, where a revolution has to be expected right now?
    America died two years ago. It’s a walking dead-zombie country, and anybody who still lives in that country should get re-familiarize themselves with cotton-picking, because once the dollar crashes, the only crop that America will be able to export, is cotton. It will be King Cotton again. It will be 1840 again. The only job available will be as a cotton-picker working on a Wal Mart or Goldman Sachs plantation. This is the reality of the situation. There is no turning back at this point. The die has been cast. The American experience lasted from 1776 to 2008. Those were the years it was kicking ass and taking names. But the second Obama took office, who took Larry Summers and Timothy Geithner with him – it   died. That was the end. Every day since then has been Post-America.
     
    At the end of this interview I would like to know what you think about this PR-event by some of the most prominent billionaires in the U.S., who announced that they will donate a large portion of their wealth in order to disguise them as a noble bunch of philanthropists, I assume.
    I think it would be better if those guys just paid their taxes. What percentage of the Fortune-500 companies pay tax? Something like only 10 per cent. How about just pay your taxes and shut up!

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August 25, 2010 Posted by | Economics | , , , , , , , , | 3 Comments

Great Depression Quotes of 1929 – 1931. Delusional ‘Optimism Porn’ !

History seems to be repeating itself!

  • To those of you who think people like me deal in ‘pessimism porn’, here are some historical quotes, delusional ‘optimism porn’, during the first great depression. You have to be insane to believe all the propaganda and lies by snakes and their mainstream experts! History is repeating itself and the sheeple are still being deceived ! Fortunately, there are some who are telling the truth like Gerald Celente and Bob Chapman.
        
    “There is no cause to worry. The high tide of prosperity will continue”
    – Andrew W. Mellon, Secretary of the Treasury. September 1929
     
    Stock Prices Will Stay at High Level For Years to Come, Says Ohio Economist . -Dr. Charles Amos Dice, professor of business organization at Ohio State, October 13, 1929
     
    “Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board.” — New York Times, October 14, 1929
     
    “FISHER SEES STOCKS PERMANENTLY HIGH”
    -Irving Fisher, Yale economist, October 16th, 1929
      
    “FISHER SAYS PRICES OF STOCKS ARE LOW; Quotations Have Not Caught Up With Real Values as Yet, He Declares. SEES NO CAUSE FOR SLUMP” -October 22, 1929
     
    “BROKERS IN MEETING PREDICT RECOVERY; Partners in 35 Wire Houses at Conference Agree Selling Has Been Overdone.” October 25, 1929
     
    NEW AID IS PLEDGED TO BANK COALITION; G.F. Baker Jr. Joins Parley at Morgan Offices and Many Other Offers Are Made. SUPPORT EASES ANXIETY -October 26, 1929
     
    Brokers Believe Worst Is Over and Recommend Buying of Real Bargains – New York Herald Tribune, October 27, 1929
     
    October 29, 1929 – Stock Market Crashes!
     
    BROKERS BELIEVE BOTTOM IS REACHED; Others Say a Sharp. Recovery Is in Order. -October 30, 1929 

      
    “Time to Buy Stocks” John J. Raskob, one of the country’s leading industrial and political leaders -October 30, 1929
     
    Headline “INSURANCE HEADS URGE TO BUY STOCKS” -October 30, 1929
     
    ROCKEFELLER BUYS, ALLAYING ANXIETY; Elder Financier Says Business Status Does Not Warrant the Destruction of Values. October 31, 1929
     
     
    Stocks Up in Strong Rally; Rockefellers Big Buyers; Exchanges Close 2-1/2 Days – New York Herald Tribune, October 31, 1929
     
    SEES NEW BULL MARKET.; President of Philadelphia Stock Exchange Makes Predictions. -November 22, 1929
     
    BANKING CIRCLES SEE TURN FOR THE BETTER; Several Developments Cited as Presaging Recovery of the Stock Market. -November 15, 1929
     
    HOOVER CALLS LEADERS OF NATION TO CONFER ON WAYS TO SPUR BUSINESS; -November 16, 1929
     
    Headline: The Quieting-Down of Wall Street–Aspects of Government’s Relief Projects. -November 25, 1929
     
    HOOVER PLAN HAILED IN HOLIDAY SERMONS;  November 29, 1929
     
    “The Government’s business is in sound condition.”

    Andrew W. Mellon, Secretary of the Treasury -December 5, 1929
     
    “Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression.” — Associated Press dispatch, December 28, 1929
     
    RESERVE BANK AREAS FORECAST NEW YEAR
    Despite the obvious slackening of the pace of business at the close of the year, leaders in banking and industry throughout the country maintain an optimistic attitude toward the prospects for 1930.
    -January 1, 1930
     
    “Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today.” – News item, January 13, 1930 
       
    “Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction.” – News dispatch from Washington, January 21, 1930 
     
    “Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast.” – New York Herald Tribune, January 24, 1930 
     
    “President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.” – Washington Dispatch, March 8, 1930

    “While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States – that is, prosperity.” – President Hoover, May 1, 1930 
     
    “The worst is over without a doubt.” James J. Davis, Secretary of Labor. – June 1930
     
    ‘BUSINESS CYCLE’ SEEN AT NEW PHASE; Bankers Hold Downward Trend in Markets Indicates Recovery Is Near. DENY ANALOGY TO 1920-21 Economists Point to Superior Credit Conditions Now, Holding Easy Money Points to Revival. -July 6, 1930
     
    BIG BANKERS PUT UP $100,000 SAFEGUARD; House of Morgan Among Those Required to Provide Protection for Investors. -August 3, 1930
      
    “American labor may now look to the future with confidence.” – James J. Davis, Secretary of Labor, August 29, 1930
     
    “We have hit bottom and are on the upswing.”
    James J. Davis, Secretary of Labor. –September 12, 1930
      
    “Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment.” – Charles M. Schwab, October 16, 1930
     
    SCHWAB FORESEES RECORD PROSPERITY; -October 25, 1930
       
    “I see no reason why 1931 should not be an extremely good year.” – Alfred P. Sloan, Jr., General Motors Co., November 1930
     
    “30% OF STOCKS SELL UNDER BOOK VALUES; Capital Is Above Market Price.” -December 14, 1930
          
    “The depression has ended.” – Dr. Julius Klein, Assistant Secretary of Commerce, June 9, 1931 
      
    REDISCOUNT RATE CUT TO 1 % RECORD LOW; Federal Reserve Bank Here Takes Drastic Action -May 8, 1931
     
    NEW YORK JOINING IN BRITISH CREDIT; Federal Reserve Bank Agrees, if Requested, to Buy Prime Commercial Bills. -August 2, 1931
       
    RELIEF FUND URGED MEMBER BANKS
    Out of the experiences of the depression, resulting in the necessity for organization of the $500,000,000 corporation to relieve banks temporarily in distress, may come a remodeled Federal Reserve System that will be so constituted as to meet the requirements of present-day commerce and industry. -October 9, 1931
     
    BANKERS OF NATION BACK HOOVER PLAN; October 8, 1931 HOOVER’S BANK PLAN GETS WIDE SUPPORT; November 15, 1931 $2,000,000,000 POOL FOR BANK AID URGED; October 26, 1931
     
    URGES BUILDERS’ AID IN HOME FINANCING; Bank Official Says Industry Could Help More With Second Mortgages. -August 30, 1931
     
    REAL ESTATE MEN ON THE HOOVER PLAN; Some Skepticism Is Voiced, but the General Belief Is That Good Will Result. –October 11, 1931
        
    “The depression has ended.” Dr. Julius Klein, Assistant Secretary of Commerce. – June 9, 1931
     
    5-YEAR MORATORIUM PROPOSED BY KEYNES; Hoover Plan Is a “Stop-Gap” Device -July 1, 1931
     
    WORLD COOPERATION: A NEW STEP AHEAD; The Hoover Plan Has Focused Attention on the Problem of Economic Unity THE NEW WORLD COOPERATION  -July 12, 1931

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August 25, 2010 Posted by | Economics, History | , , , | 2 Comments

Rosenberg: Economy Caught in Depression, Not Recession!

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  • This will not be a 2nd dip recession. We are in a full-blown depression. The past 18 months was simply the small fillip upwards because of the stimulus. Now that the stimulus is over, the bill has to be paid. Of course, the snakes will continue their shenanigans and continue to pile on more debts. They will build and build the crisis into ginormous proportions and then collapse it. QE 2.0 is a foregone conclusion. It will destroy the USD! The question is: will the destruction be overnight or over 6-12 months. The global currency event is coming. All fiat currencies will bow to the Gold Wrecking Ball !
     
    Economy Caught in Depression, Not Recession: Rosenberg
    Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.
      
    Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains. But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.
     
    Rosenberg calls current economic conditions “a depression, and not just some garden-variety recession,” and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered “euphoric response.”
     
    “Such is human nature and nobody can be blamed for trying to be optimistic; however, in the money management business, we have a fiduciary responsibility to be as realistic as possible about the outlook for the economy and the market at all times,” he said.
     
    The 1929-33 recession saw six quarterly bounces in GDP with an average gain of 8 percent, sending the stock market to a 50 percent rally in early 1930 as investors thought the worst had passed.
     
    “False premise,” Rosenberg said. “And guess what? We may well be reliving history here. If you’re keeping score, we have recorded four quarterly advances in real GDP, and the average is only 3%.”
      
    Rosenberg’s warning comes as a slew of major analysts—Goldman Sachs and JPMorgan among them—have slashed GDP projections for 2010 to the 1.5 to 2 percent range. Chicago Federal Reserve President Charles Evans said in a speech Tuesday that the risk of a double-dip recession has escalated. He said government programs to help distressed homeowners have been ineffective and aren’t helping the pivotal housing sector recover.
     
    The dour outlooks come on the same day that the National Association of Realtors said home sales reached a 15-year low in June, dousing hopes that the industry had reached a bottoming point.
     
    Rosenberg points out that the “overall economic malaise” has come despite aggressive efforts by the Federal Reserve to stimulate the economy through rate cuts. The central bank itself has scaled back its economic projections, has held steady on its balance sheet, and could be announcing another round of quantitative easing measures at its Jackson Hole summit this week. “How’s that for a reality check,” Rosenberg said. “It’s not too late, by the way, to shift course if you have stayed long this market.”

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August 25, 2010 Posted by | Economics | , , , , , , , , | Comments Off on Rosenberg: Economy Caught in Depression, Not Recession!

Dollar Plunges As Everyone Now Figures Return Of Quantitative Easing Is A Done Deal !

  • QE 2.0 is a done deal. It will definitely be in excess of US$1.5T. I do not think that the Chinese will keep buying treasuries indefinitely. Their treasury holdings have been on the decline for the past few months. How the Chinese sell down their foreign reserves of about US$2.4T (mostly denominated in USD) is the interesting question. When they panic out of the USD, commodities, gold, silver… will skyrocket. We will see a spike up in inflation and possibly hyper-inflation.
     
  • Will the Illuminists allow the USD to crash this time round? If not, will they engineer another attack on the Euro or attack Iran to shore up the USD? We will know soon. One thing is certain: the collapse of the USD is in their plan.
     
    Dollar Plunges As Everyone Now Figures Return Of Quantitative Easing Is A Done Deal
    Today the weak economic data is not prompting a flight-to-the-dollar. Today the weak economic data is causing dollar selling, because it’s becoming crystal clear to folks, as ForexLive notes, that quantitative easing II is now a done deal. No more baby steps or holding the balance sheet steady. There’s no excuse for the Fed Board of Governors to be have an unclear picture of the economy’s direction anymore.
     
    And we may not have to wait for very long. Bernanke speaks this Friday at Jackson Hole, and you can figure he’ll be revising that speech now until then with every bad data point that comes across to get exactly the right message to the market.

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August 25, 2010 Posted by | Economics | , , , , , , , , | 1 Comment

Gerald Celente: America Won the Cold War But Now Is Turning Into the USSR!

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  • Gerald Celente on Yahoo Finance:
     
    There’s a lot of talk these days about America being an empire in decline. Gerald Celente, director of the Trends Research Institute, goes a step further, arguing America is following a similar path as the former Soviet Union.
     
    “While the many glaring differences between the two political systems have been exhaustively publicized – especially in the U.S. – the glaring similarities [go] unnoticed,” Celente writes in The Trends Journal, which he publishes. In the accompanying video, Celente describes some of these similarities, including:
     
    A rotten political system: He compares politicians (Democrats and Republicans alike) to “Mafioso” and says campaign contributions are really thinly disguised “bribes and payoffs.”
     
    Crony capitalism: Like in the USSR of old, Celente laments that so much of America’s wealth (93%) is controlled by such a small group small portion of its population (10%). Owing to that concentration of wealth, the government makes policies designed to reward “the bigs” at the expense of average citizens (see: Bailouts, banks).
     
    Military-industrial complex: The USSR went bankrupt fighting the cold war and Celente fears the U.S. is “squandering its greater but still finite resources on a gargantuan defense budget, fighting unwinnable hot wars and feeding an insatiable military stationed on hundreds of bases worldwide.”
     
    As with many observers, Celente thinks America will suffer the same fate in Afghanistan as the USSR, the British Empire, Alexander the Great and all others who’ve ventured into the
    “graveyard of empires.”
     
    The irony, of course, is that while America defeated Soviet Communism and won the Cold War, perhaps our greatest threat today comes from China and its booming state-controlled economy.

end

August 25, 2010 Posted by | Economics, GeoPolitics, History | , , , , , | Comments Off on Gerald Celente: America Won the Cold War But Now Is Turning Into the USSR!