Socio-Economics History Blog

Socio-Economics & History Commentary

PTech 9/11, Global Warming Meltdown, Crashing JP Morgan ….

  • Who owns terrorist organizations? Iluminist intelligence agencies. At the highest levels CIA, MI5/6, Mossad… are controlled by Satanists. So are most governments. Why do you think the America government hinders real investigations into 9/11? Muslim terrorism is a construct of Illuminists. It is to set the world up for their Satanic World War 3: Zionist West vs Muslim World.

end

November 18, 2010 Posted by | Economics | , , , , , , , , | Comments Off on PTech 9/11, Global Warming Meltdown, Crashing JP Morgan ….

The Horrible Truth Starts To Dawn on Europe’s Leaders! Euro Dominos Will Fall Until Currency Is Split!

  • Do not be confused or misled by the ‘news’ in the western propaganda corporate media. The plan is for a One World Currency, Global Central Bank and World Government. They are building up the hype so that QE to infinity appears inevitable and good. ‘Oh, if we don’t bail out the banks, Ireland, Greece, Portugal… the whole Eurozone will end. Armageddon, economic calamity …. life as we know it will end !’ 
     
  • How does piling on more debts (bailouts) on Ireland, Greece, Portugal… solve a debt problem? This is financial world war! The taking over the world, destruction of national sovereignties via debt enslavement. The Irish, Greeks, Portuguese… sheeple are being raped and made to pay for it. The countries are being taken over by Illuminist banksters!
     
  • The ECB and FedRes are both Illuminist privately owned central banks. They create money out of thin air and charge the governments interest for this funny money. It is FRAUD pure and simple. This is how they do bailouts. They electronically create billions in their computers and loan them (ie bailouts) to countries that are in trouble. This is a SCAM !! The Illuminists make the mafia look like Sunday School teachers.
      
    The horrible truth starts to dawn on Europe’s leaders
    The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict. In a speech this morning, EU President Herman Van Rompuy (poet, and writer of Japanese and Latin verse) warned that if Europe’s leaders mishandle the current crisis and allow the eurozone to break up, they will destroy the European Union itself.
     
    “We’re in a survival crisis. We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union,” he said.
     
    Euro Dominos Will Fall Until Currency Is Split: Matthew Lynn
    Who’s next? First Greece went bust. Now Ireland is on the brink of a bailout from the European Union and the International Monetary Fund. When it happens, we’ll hear plenty of soothing words about how contagion has been stopped, the euro area has been put on a firmer footing, and the single currency saved. There will be a lot of grand rhetoric about the importance of the European project. Stern condemnations of the speculators will ring out across the continent.
     
    Don’t listen to a word of it. The euro has turned into a bankruptcy machine. Once the markets have finished with Ireland, they will simply move on to Portugal and Spain, and after that to Italy and France.

end

November 18, 2010 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on The Horrible Truth Starts To Dawn on Europe’s Leaders! Euro Dominos Will Fall Until Currency Is Split!

Max Keiser: Silver Vigilantes Busting The Comex Ponzi By Taking Physical Delivery! JP Morgan And HSBC Sued For Silver Manipulation!

November 18, 2010 Posted by | Economics | , , , , , , , | Comments Off on Max Keiser: Silver Vigilantes Busting The Comex Ponzi By Taking Physical Delivery! JP Morgan And HSBC Sued For Silver Manipulation!

IMF’s Bancor Last Man Standing? One World Currency To Rule Them All?

  • Do not be misled by all the propaganda and mis-direction over QE and the Eurozone. All the noise about the FedRes not doing the full US$600B (actually US$900B) is mis-direction. The FedRes will QE to infinity because America is bankrupt at the federal, state, municipal, city… levels. If they were to stop QE, it will be an immediate collapse into chaos. This is not to say that QE is good. It is not. I am simply highlighting the Illuminist’s Hegelian Dialectic philosophy. They will create the Problem, await the Reaction and release their Pre-Planned Solution.
     
  • They have set the world up such that, there is no ‘easy/good’ choice but QE. The alternative of a sharp, painful bankruptcy followed by jailing of all the financial terrorists is far better. But as the snakes are in control, it will never happen. QE will postpone the inevitable collapse. But the end result is a far bigger catastrophe. The ECB will also QE to infinity. The Illuminists are engineering the collapse of all major fiat currencies. The sheeple will revolt in horror and demand a solution. The snakes are ready now with their One World Currency. Once again they will pose as saviors to the crisis they caused !
      
    IMF’s Bancor Last Man Standing?
    Dominant Social Theme: The world is entering a dangerous new phase. Competitive devaluations continue despite all efforts to organize a ceasefire. The only hope now is a one-world currency run by the IMF. Enter that Keynesian brainstorm … the bancor.
     
    Free-Market Analysis: Are all the world’s currencies unraveling? Is it possible that the Western elites that desire one-world government above all else are deliberately undoing the euro and the dollar, the world’s two most important currencies? That would leave the Chinese yuan of course, but as we have pointed out in numerous articles, Chinese inflation is beginning to run out of control and the yuan itself may not be long for this world if the Chinese economy collapses and its communist party is caught in the backlash.
     
    This article will examine a somewhat sotto voce speculation present within the blogosphere that the ultimate aim of the
    Anglo-American elite is to reduce the value of both the euro and the dollar so radically that the only alternative will be an IMF-related currency. The IMF in particular presents itself as the appropriate candidate because it deals intimately with monetary policy around the world with numerous nation states and has relationships in place with them as well.
     
    Ultimately, the IMF is an instrument of the Anglosphere, an Anglo-American invention created in the heady days after World War II. It is part of numerous exigencies (in our opinion), including the UN itself, and the World Bank, put in place as part of what was expected to mature into some kind of New World Order. The Anglo-American elite has every reason to put forward the IMF (and its hypothetical bancor) as a kind of stalking horse for a renewed push for global governance.
     
    The IMF, then, is to be the vehicle for an elite, fear-based promotion. But what of the promotion itself? Fear is the operative element of such
    memes, and, in fact, we can identify one such campaign. The argument we want to present here is indeed fear driven. It is the idea that Federal Reserve policies are effectively inflating the world’s paper money to the point where an alternative economic system must be introduced. Does the Fed have the clout to debase the world’s economy? We could argue (and for the purposes of this article we will) that it does.
     
    The dollar – as the globe’s reserve currency – has extraordinary liquidity and power. When there are excess dollars to be had, they will circulate as the lingua franca of the international economy. The more dollars that circulate, the less the individual dollar is worth, thus setting off other currency devaluations to keep pace. As the US pushes forward with its latest money-printing program, one expects continued devaluations from other countries to keep up, hypothetically anyway. Since the G20 agreed in principal not to make competitive devaluations, they will not be called what they are. But they will occur anyway.
     
    While the Fed inflates, the Eurozone deflates, politically and economically anyway. The union lurches from one crisis to the next, its credibility eroding and durability in increasing doubt. It began with the unraveling of Greece but has now spread to the rest of the PIGS – Portugal, Ireland, Italy and Spain. Add France for good measure. Interestingly there are some who have claimed (especially within the cynical ‘Net blogosphere) that the crisis is being manipulated, given that some countries that have even more severe problems than Greece’s have not come under such severe financial attack. The suspicion is that the EU is using the smaller, more easily controllable countries, to establish precedents for a closer union.
     
    Of course in the past, we have also presented different perspectives. Recently we theorized that the inability of the Anglo-American power axis to forge a compromise within the G20 meant that the Western
    power elites were losing clout – and that it was not in any sense intentional. But to fulfill our brief, we must not be wedded to any one perspective. Our paradigm includes (most importantly) the idea that Western elites are locked into a struggle with the truth-telling of the Internet for control over 21st century promotional messaging, and that this is an unpredictable contest with a variety of potential strategies and outcomes.
     
    Elite promotions, as we have pointed out, are in a sense similar to the living dead. Zombie-like they tend to trudge along, even if they have lost a hand here and an arm there to critical pruning. The same could be said of the IMF, which, throughout the world has had a terrible reputation – but of late has enjoyed a considerable resurgence. One can certainly observe the clever auspices of the power elite behind this reemergence. The IMF has been purposefully injected into the affairs of the G20 and has emerged with additional consensual responsibilities.
     
    None of this will necessarily erase its past. In its some 60 years of existence, the IMF has received a well-deserved reputation for economic brutality and international rapine. Its braintrust’s insistence, especially, on raising taxes and cutting government services during country crises has had a tendency to reduce if not eliminate middle classes in places where its services have been called upon. It is in fact seen as an instrument of the Western power elite, cracking open injured countries and exposing the most profitable contents for firesales.
     
    Nonetheless IMF leaders persist … and dream. Back on October 6th, in an article entitled “IMF Article Predicts New World Order,” we quoted the following from an IMF profile that appeared in Der Spiegel magazine: “Three years ago, the International Monetary Fund was irrelevant, an object of derision for all opponents of globalization. Under director Dominique Strauss-Kahn (pictured above left), and as a result of the global economic crisis, the IMF has since become more influential – governing like a global financial authority. It is also putting Europe under pressure to reform.”
     
    Since we wrote that article, the IMF has continually wielded its weight on the world scene – though the going has perhaps been tougher than anticipated. We observe this only because we sense a generalized impatience. Events are apparently not moving quickly enough, and certainly they are not moving (obviously anyway) in the direction of the Anglosphere. The BRIC countries, especially China, have been fairly antagonistic to the idea of an IMF-run world from what we can tell, at least publicly. The US did not come away from the most recent G20 meeting with many of the assurances it wanted.
     
    We have recently characterized these rebuffs as “defeats” for the Anglo-American axis. But what if the situation is being manipulated? What if the idea is to make things worse rather than better? Does this hypothesis seem so far-fetched? Perhaps so, if we were to hang it merely on the rhetoric of the IMF itself – and reports of its global banking ambitions which could be seen as aberrant rather than power-elite proven. But then there is this, a report that was filed at WorldNetDaily over a month go, as follows:
     
    420 banks demand 1-world currency … International finance group seeks remedy to looming exchange wars … The Institute of International Finance, a group that represents 420 of the world’s largest banks and finance houses, has issued yet another call for a one-world global currency, Jerome Corsi’s Red Alert reports. “A core group of the world’s leading economies need to come together and hammer out an understanding,” Charles Dallara, the Institute of International Finance’s managing director, told the Financial Times.
     
    An IIF policy letter authored by Dallara and dated Oct. 4 made clear that global currency coordination was needed, in the group’s view, to prevent a looming currency war. “The narrowly focused unilateral and bilateral policy actions seen in recent months – including many proposed and actual measures on trade, currency intervention and monetary policy – have contributed to worsening underlying macroeconomic imbalances,” Dallara wrote. “They have also led to growing protectionist pressures as countries scramble for export markets as a source of growth.”
     
    Dallard encouraged a return to the G-20 commitment to utilize International Monetary Fund special drawing rights to create an international one-world currency alternative to the U.S. dollar as a new standard of foreign-exchange reserves. Likewise, a July United Nations report called for the replacement of the dollar as the standard for holding foreign-exchange reserves in international trade with a new one-world currency issued by the International Monetary Fund.
     
    We had not been fully aware of this report, (our elves cannot be everywhere) but we find it astonishing. The IMF’s ambitions are enshrined in massively supported doctrine supported by nearly 500 of the globe’s largest institutions. This has the hallmarks of an elite promotional gambit in our view: A “think tank” report is suddenly released to combat a crisis that some of the more paranoid ‘Net
    alternative media believe is at least partially being manufactured; meanwhile the IMF comes out with its own elaborate statements in the mainstream media that further buttress what is being promoted.
     
    Just the other day we examined the strength of the US dollar as the world’s currency and speculated that getting rid of a reserve currency was harder than it looked given that it was put in place via military power and was at least partially the fruit of empire. But what if the Anglo-American elite is determined to sink the dollar? What if the Eurocrats intend to unravel the euro as well? Wouldn’t it be possible in such circumstances to turn to the IMF as an emergency facility with the ability to provide the resources and organization necessary to overcome whatever crisis was being manufactured? Didn’t this just happen in regard to the initial sovereign banking crisis? In spite of an aversion to outside interference, the IMF has emerged as a partner in the EU’s attempts to salvage its cohesiveness and its currency.
     
    In a series of articles now we have examined and re-examined both the EU “sovereign crisis” and the emergent “currency crisis” as well. We have continually postulated that the current global weakness on numerous fronts is a manifestation of elite weakness not elite strength. This is in keeping with our theorizing that the Internet itself is evidently and obviously undermining much of the elite’s fear-based messaging. But our paradigm, truly, is not wedded to any one side – only to observations about the ongoing competition for “share of mind.” Thus we have presented a further perspective in this article.
     
    Of course we have our prejudices. We believe in free-markets and in freedom, as that is better for civil society and gives the most people the chance to live successful, prosperous lives. However, as meme watchers, we want to try to analyze every potential angle of power-elite promotions as it occurs to us. There is no doubt that a promotion has been launched to present the IMF as a potential central bank to the world, complete with a world currency such as the bancor. We are trying to examine the ramifications logically.
     
    What we have analyzed (above) then, is the fear-based promotion necessary to furnish the logic for an emergent and ever-more powerful IMF. If this supposition is correct, then the Western elites will continue to make “desperate” efforts to “salvage” the world’s economy that inevitably bear little or no fruit. At the same time, the IMF will begin to go from triumph to triumph, showing clearly that it has what it takes to run the world from an economic standpoint. (It doesn’t of course, but we are speaking in promotional terms.) Perhaps the IMF will even preside (along with the EU) over a shrinkage of the Eurozone. In any event, the final element of the promotion we are hypothetically proposing could be realized with a real-estate crash in China; this would doubtless provide a tipping point for a frank, world-wide depression.
     
    Conclusion: And the result? People will panic. Dominique Strauss-Kahn (France’s new president elect) will step forward to make a soothing and erudite presentation at a hastily called UN convocation that will be dubbed the “speech of his life.” He and the IMF will suddenly be seen by the Anglosphere’s mainstream media as the logical saviors of the world’s deteriorating monetary situation. SDRs should be converted into bancors, backed perhaps by a basket of currencies and commodities (even gold), it will be suggested. Many important world-thinkers, including Nobel prize winners, will concur. The bandwagon will start to roll. A one-world currency will suddenly be seen as feasible and even necessary. Too far out? Hey, it’s just a thought.

end

November 18, 2010 Posted by | Economics | , , , , , , , , , , , , | 2 Comments

Professor Michael Hudson: The Financial End Time has Arrived !

  • This is an interesting article. The planned destruction of America and its middle class is escalating. Americans are being screwed by their Illuminist masters working through the puppets in the District of Criminals (DC). Their end objective is: A Master Illuminist Ruling Class and A Serf/Slave Class. Their plan calls for a mass culling of the sheeple to bring down the population to a more ‘manageable’ level.
     
    Ruling on Behalf of Wall Street’s “Super Rich”: The Financial End Time has Arrived
    Now that President Obama is almost celebrating his bipartisan willingness to renew the tax cuts for the super-rich enacted under George Bush ten years ago, it is time for Democrats to ask themselves how strongly they are willing to oppose an administration that looks like Bush-Cheney III. Is this what they expected by Mr. Obama’s promise to rise above partisan politics – by ruling on behalf of Wall Street, now that it is the major campaign backer of both parties?
     
    It is a reflection of how one-sided today’s class war has become that Warren Buffet has quipped that “his” side is winning without a real fight being waged. No gauntlet has been thrown down over the trial balloon that the president and his advisor David Axelrod have sent up over the past two weeks to extend the Bush tax cuts for the wealthiest 2% for “just” two more years. For all practical purposes the euphemism “two years” means forever – at least, long enough to let the super-rich siphon off enough more money to bankroll enough more Republicans to be elected to make the tax cuts permanent.
     
    Mr. Obama seems to be campaigning for his own defeat! Thanks largely to the $13 trillion Wall Street bailout – while keeping the debt overhead in place for America’s “bottom 98%” – this happy 2% of the population now receives an estimated three quarters (~75%) of the returns to wealth (interest, dividends, rent and capital gains). This is nearly double what it received a generation ago. The rest of the population is being squeezed, and foreclosures are rising.
     
    Charles Baudelaire quipped that the devil wins at the point where he manages to convince the world that he doesn’t exist. Today’s financial elites will win the class war at the point where voters believe it doesn’t exist – and believe that Mr. Obama is trying to help them rather than shepherd them into debt peonage as the economy settles into debt deflation.
     
    We are dealing with shameless demagogy. The financial End Time has arrived, but Mr. Obama’s happy-talk pretends that “two years” will get us through the current debt-induced depression. The Republican plan is to make more Congressional and Senate gains in 2012 as Mr. Obama’s former supporters “vote with their backsides” and stay home, as they did earlier this month. So “two years” means forever in politician-talk. Why vote for a politician who promises “change” but is merely an exclamation mark for the Bush-Cheney policies from Afghanistan and Iraq to Wall Street’s Democratic Leadership Council on the party’s right wing? One of its leaders, after all, was Mr. Obama’s Senate mentor, Joe Lieberman.
     
    The second pretense is that cutting taxes for the super-rich is necessary to win Republican support for including the middle class in the tax cuts. It is as if the Democrats never won a plurality in Congress. (One remembers George W. Bush with his mere 50+%, pushing forward his extremist policies on the logic that: “I’ve got capital, and I’m using it.” What he had, of course, was Democratic Leadership Committee support.) The pretense is “to create jobs,” evidently to be headed by employment of shipyard workers to build yachts for the nouveau riches and sheriff’s deputies to foreclose on the ten million Americans whose mortgage payments have fallen into arrears. It sounds Keynesian, but is more reminiscent of Thomas Robert Malthus’s lugubrious claim (speaking for Britain’s landed aristocracy) that landlords would keep the economy going by using their rental income (to be protected by high agricultural tariffs) to hire footmen and butlers, tailors and carriage-makers.
     
    It gets worse. Mr. Obama’s “Bush” tax cut is only Part I of a one-two punch to shift taxes onto wage earners. Congressional economists estimate that extending the tax cuts to the top 2% will cost $700 to $750 billion over the next decade or so. “How are we going to go out and borrow $700 billion?” Mr. Obama asked Steve Croft on his Sixty Minutes interview on CBS last week.
     
    It was a rhetorical question. The President has appointed a bipartisan commission (right-wingers on both sides of the aisle) to “cure” the federal budget deficit by cutting back social spending – to pay yet more bailouts to the economy’s financial wreckers. The National Commission on Fiscal Responsibility and Reform might better be called the New Class War Commission to Scale Back Social Security and Medicare Payments to Labor in Order to Leave more Tax Revenue Available to Give Away to the Super-Rich. A longer title than the Deficit-Reduction Commission used by media friendlies, but sometimes it takes more words to get to the heart of matters.

     
      ….. to continue reading click here!

end

November 18, 2010 Posted by | Economics | , , , , , , , , , , , | Comments Off on Professor Michael Hudson: The Financial End Time has Arrived !

Municipal Bonds Implosion!!!

Why isn't the Lame Stream Media reporting about this? They are still maintaining the illusion that things are ok, the Wall Street casino is still running higher!

  • The chart speak volumes. America is bankrupt at all levels. It is only Wall Street and banksters that are getting richer. Main Street is screwed by the banksters!

end

November 18, 2010 Posted by | Economics | , , , , , | Comments Off on Municipal Bonds Implosion!!!

BOB RUBIN: “US In Terribly Dangerous Territory,” Bond Market May Be Headed For “Implosion”!

Bond Market Implosion in progress? A bounce off 125 before collapsing?

  • The 30year bond chart looks like a 10.0 cliff dive in progress. Where will all the money getting out of the bond market go to? Stocks? Commodities? Precious metals? The safest place will still be in physical gold and silver!
     
    BOB RUBIN: “US In Terribly Dangerous Territory,” Bond Market May Be Headed For “Implosion”
    Warning of the risk of an “implosion” in the bond market, former Treasury Secretary Robert Rubin says the soaring federal budget deficit and the Fed’s quantitative easing are putting the U.S. in “terribly dangerous territory.” 
     
    Speaking at an
    event at The Pierre Hotel in New York City honoring Sen. Kent Conrad (D-N.D.), Rubin joined the growing number of current and former officials (foreign and domestic) to criticize QE2. The Fed’s plan to buy $600 billion of Treasuries “has a lot of risk,” he said, calling the international reaction “horrendous.”
     
    Rubin, who issued a similar warning about the bond market at The FT’s “Future of Finance” conference in October, said Congress’ vote on raising the deficit ceiling next spring could be the “trigger” for a rout in the Treasury market. Several Republican and Tea Party candidates vowed to not increase the government’s debt ceiling unless Democrats agree to sharp cuts in spending that may not be politically tenable.
     
    A Congressional standoff on the debt ceiling could spook international investors, Rubin said, alluding to a market event similar to the Dow’s 778-point plunge on Sept. 29, 2008, when the House initially voted no on TARP.
     
    While most pundits worry about the potential for China to dump its Treasury holdings, the former non-executive chairman of Citigroup said a financial version of the Cold War concept of Mutual Assured Destruction will likely prevent them from doing so. But he is worried about selling by the government’s of Singapore, Hong Kong and Malaysia. “They could say ‘the Chinese are stuck but we’re not,'” Rubin predicts.

end

November 18, 2010 Posted by | Economics | , , , , , | Comments Off on BOB RUBIN: “US In Terribly Dangerous Territory,” Bond Market May Be Headed For “Implosion”!

National Opt-Out Day – November 24th – Say No to Naked Body Scanners! Germans Protest Airport Scanners!

  • The Illuminist snakes are training the sheeple to accept rape, molestation, guilty until proven innocent, strip search ….. The Global War on Terror is a SCAM. It is done by the Illuminati ruling class to gain more power. Western governments have obtained immense power as a result of the terrorism HOAX. Al CIAda is a CIA creation. It is simply a database of freedom fighters trained by the CIA to fight the Soviet Union in the 70/80s. Check the history. Osama Bin Laden, the CIA operative/agent has been dead since December 2001.
     
  • The Anglo-American Illuminist cabal has always used false flag terrorism to gain more power. Check the history. CIA, MI5/6, Mossad agents have always disguised themselves as Muslim terrorist or other terrorists for false flag operations. This is to give them an excuse to goto war against nations they covet for oil, natural resourses, natural gas, pipelines….
     
  • The snakes will use the current protests against the scanners to introduce/sell the ‘not so intrusive’ RFID chips! This is the reason why the Illuminist MSM is highlighting all the protests. Make sure you make an even bigger protest when the RFID selling/promotion comes around !

end

November 18, 2010 Posted by | EndTimes, Social Trends | , , , , | Comments Off on National Opt-Out Day – November 24th – Say No to Naked Body Scanners! Germans Protest Airport Scanners!

Michael Chertoff Fraud?! Public ‘Molestation’, Strip Search And ‘Pornography’?!

end

November 18, 2010 Posted by | Science & Technology, Social Trends | , , | Comments Off on Michael Chertoff Fraud?! Public ‘Molestation’, Strip Search And ‘Pornography’?!