Socio-Economics History Blog

Socio-Economics & History Commentary

Dr. Stan Monteith: The Illuminati Secret Rulers of The World. Council on Foreign Relations (CFR), Illuminist Social Engineers, Propaganda, PsyWar, Eugenics, Depopulation, Secret History ….

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January 6, 2011 Posted by | EndTimes, History, Medicine & Health, Social Trends | , , , , , , , , , , , , | 1 Comment

Dr. Nick Begich: The Technologies of Political Control Over It’s People!

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January 6, 2011 Posted by | GeoPolitics, Science & Technology, Social Trends | , , , , | Comments Off on Dr. Nick Begich: The Technologies of Political Control Over It’s People!

Is The Federal Reserve Really Purchasing Over 60% of 2011’s Fiscal Deficit? In a Word, uh . . . Yeah!

Gonzalo Lira: The Treasury bond market is like a concrete highway over a sinkhole: You won’t realize anything is amiss, until the road suddenly disappears.

  • Who is buying up US treasuries? Obviously the FedRes! Foreign countries are bailing out quietly. Interest rates are rising despite the FedRes’ purchase! How long the FedRes can continue to keep interest rate from rising further is anyone’s guess. Continued monetization by the FedRes means the USD is toast. This will stoke inflation worldwide. Competitive devaluations mean that other fiat currencies will join the road to debasement. Gonzalo Lira provides the facts (click on the link if you want to see the detail calculations):
     
    Is the Federal Reserve Really Purchasing Over 60% of 2011’s Fiscal Deficit? In a Word, uh . . . Yeah.
    The other day, in my post “The Lull Before the Storm”, I mentioned that for fiscal year 2011, the Federal Reserve would be purchasing over 60% of the Federal government deficit. In other words, the Fed would be dancing the Monetization Waltz, just like Latin American countries used to back in the 1970’s: Proof positive that America is indeed a banana republic—only with nukes.
     

    A lot of people didn’t believe me—or wanted me to check my figures. Or wanted to know if I was having an acid flashback from those aformentioned 1970’s. A lot of people couldn’t believe it.
     
    Mark Twain said it best: There are lies, damned lies, and statistics. If you want to deceive your audience, you source your numbers from some shifty salesman with an ideological ax to grind, gussy it up with percentage signs and charts and graphs, and thereby “prove” any damned foolishness you like.
     
    But deceit in this context serves no purpose: It’s in all of our best interests to know exactly what is going on, in fiscal year 2011. 
     
    So in this brief post (yes I know—shocker), I’m gonna check the figures for my observation—but I’m gonna get ‘em right from the horse’s mouth: From the White House, and from the Federal Reserve. 
      ….

    Verbose Conclusion
    With a single market participant buying up at minimum 60% of new issuance, the conclusion is obvious: The Treasury bond market is Bernanke’s bitch. His pimp hand is all over that ho’—and she be doin’ whatever Benny the Pimp wants her to do, as often as he wants her to do it.
     
    Therefore, since Treasury bond yields during FY 2011 will be whatever the Fed wants them to be, they are no longer a reliable indicator of anything. Quite the contrary, the bond markets will mask problems of the underlying economy until they are insurmountable. This shouldn’t be a controversial observation: A single market participant that is purchasing 60% or more of a market owns that market. So anything that that market ordinarily signaled—be it risk, instability, whatever—is now no longer the case. The only thing that market will reflect is whatever fixed idea the Market Pimp will want it to reflect.
     
    Therefore, since any problem that the Treasury bond market might ordinarily reflect will be masked until the very last minute, watching that market for signs of the health of the wider economy will only distract from what is actually happening in the wider economy.
     
    Succinct Conclusion
    The Treasury bond market is like a concrete highway over a sinkhole: You won’t realize anything is amiss, until the road suddenly disappears.
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January 6, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off on Is The Federal Reserve Really Purchasing Over 60% of 2011’s Fiscal Deficit? In a Word, uh . . . Yeah!

Mass Evacuations As China’s South Battles ‘Big Freeze’! Cold Weather Kills Dozens in Northern India!

  • So much for the man-made global warming HOAX! The world is entering a mini ice age!
      
    Mass evacuations as China’s south battles ‘big freeze’
    Freezing temperatures in south-western China have forced the evacuation of 58,000 people from their homes, according to the Chinese authorities. Ice and snow have closed roads, leaving thousands of motorists stranded. Officials said the roofs of more than 1,000 homes in five provinces have collapsed because of the bad weather. Those living in mountainous areas have been hardest hit – with tens of thousands being evacuated.
     
    The authorities say that snow and ice across the region has damaged almost 300,000 acres of crops – with losses of nearly $200m (£129m). Across south-western China, highways and other transport networks continue to be affected by the cold weather. In Guizhou province icy conditions have closed roads, leaving thousands of motorists stranded. Forecasts say that the freezing conditions are set to last until Friday.
     

    Cold weather kills dozens in northern India
    LUCKNOW, India (AP) – Near-freezing temperatures and icy Himalayan winds have killed dozens of people in northern India over the past two weeks and forced schools to close in the capital, officials said Wednesday. A spokesman for worst-hit Uttar Pradesh state said five people died from the cold overnight, pushing the number of deaths there to 41. Uttar Pradesh is one of India’s poorest states and nearly a fifth of its 180 million people are homeless.
     
    In New Delhi, at least 10 homeless people died from the cold weather over the past two weeks despite a drive by police and welfare officials to persuade people living on the streets to sleep in 80 city-run shelters. The temperature dropped to 3.7 degrees Celsius (38.6 degrees Fahrenheit) on Tuesday in the capital, where the average January temperature is about 14 C (58 F). Arvinder Singh Lovely, New Delhi’s education minister, ordered all schools to close for a week Wednesday because of the intense cold. Officials in the eastern state of Bihar also closed schools for a week.

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January 6, 2011 Posted by | Disaster, Social Trends | , | 1 Comment

Record Global Food Prices Expected To Soar Even Higher!

  • The global elites use food as a weapon, ie. as a means of depopulation and conquering destitute countries using the pretext of humanitarian aid. This is a deliberate Illuminist plan.
      
    To cause by means of limited wars in the advanced countries, by means of starvation and diseases in the Third World countries, the death of three billion people by the year 2050, people they call “useless eaters”. The Committee of 300 (Illuminati) commissioned Cyrus Vance to write a paper on this subject of how to bring about such genocide. The paper was produced under the title “Global 2000 Report” and was accepted and approved for action by former President James Earl Carter, and Edwin Muskie, then Secretary of States, for and on behalf of the US Government. Under the terms of the Global 2000 Report, the population of the US is to be reduced by 100 million by the year of 2050. Targets of the Illuminati and the Committee of 300 By Dr. John Coleman
     
    WORLD DEPOPULATION IS TOP NSA AGENDA – CLUB OF ROME
    Investigations by EIR have uncovered a planning apparatus operating outside the control of the White House whose sole purpose is to reduce the world’s population by 2 billion people through war, famine, disease and any other means necessary. … This group drafted the Carter administration’s Global 2000 document, which calls for global population reduction ..
    The Haig-Kissinger Depopulation Policy -Lonnie Wolfe
     
    “We are going to get Global 2000 implemented, one way or another by famine, starvation, or by choice…We need a real economic shock, a depression to get our message across.”
    –Statement of a Zero Population Growth spokesman (9/18/81),  GLOBAL 2000 – Depopulation Program
     
  • Commodity prices will rise spectacularly because Illuminist banksters are behind it to make money and screw the world !
     
    Record global food prices expected to soar even higher
    Global food prices rose to a record high in December and are expected to climb even further, topping 2008 levels when riots broke out in a number of countries, the UN Food and Agriculture Organisation warned Wednesday.
      
    REUTERS – Food prices hit a record high last month, outstripping levels that prompted riots in 2008, and key grains could climb even further as weather patterns give cause for concern, the UN’s food agency said on Wednesday. Its measure of global monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar reached its highest since records began in 1990, topping levels in 2008 when a food crisis sparked riots in some countries.
     
    A mix of high oil and fuel prices, growing use of biofuels, bad weather and soaring futures markets pushed up prices of food in 2007/08, sparking violent protests in countries including Egypt, Cameroon and Haiti. UN Food and Agriculture Organisation economist Abdolreza Abbassian told Reuters the FAO was worried by the unpredictability of current weather activity, given the already high price levels and low supply of some grains.
     
    “There is still room for prices to go up much higher, if for example the dry conditions in Argentina tend to become a drought, and if we start having problems with winterkill in the northern hemisphere for the wheat crops,” he said. Winterkill occurs when cold attacks plants seeded, generally in the autumn, for harvesting the following year.
     
    Abbassian added that despite high prices, many factors that triggered the sometimes deadly food riots in 2008, such as weak output in poor countries and a sudden surge in crude oil prices, were not currently present, reducing the risk of more turmoil. Last September 13 people were killed in Mozambique in riots which followed a 30 percent bread price rise sparked by the leap in global wheat prices.
     
    Prices of grains surged in 2010, with wheat buoyed by a series of weather events including drought in Russia and its Black Sea neighbours. European wheat prices doubled, U.S. corn rose more than 50 percent while U.S. soybeans jumped 34 percent.
     
    Low stocks of grains such as corn mean that more weather-related damage to crops could be critical for markets. China in particular has a huge appetite for corn and is keen to secure adequate stocks of the grain.
     
    Inflation
    “The fundamentals of the corn market are clearly the tightest ones,” said Societe Generale analyst Emmanuel Jayet. “It’s the grain where stocks are already very low and where there are questions about a further drop to historically low levels,” he said, adding that he also expected soybeans and wheat prices could rise on a fall in supplies.
     
    Pinpointing soybeans, Jeffrey Currie, Global Head of Commodities for Goldman Sachs said the protein-rich beans were a more attractive investment than wheat due to greater potential demand growth and limited supply.    Crude oil prices have also crept higher on a resurgence in global demand, which has raised concern of a double burden of high food and energy prices particularly for developing countries with import needs, Abbassian said.
     
    “That’s when people have problems because of inflation. Fast-growth developing countries are more vulnerable,” he said, mentioning India and China. But he did not see the oil price buoying grains and oilseeds markets to the extent it did in 2007/08, because it had not seen such a drastic and sudden surge and because the biofuels industry is no longer growing as rapidly.
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January 6, 2011 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , | 1 Comment

World Food Prices Surge to Record, Passing Levels That Sparked 2008 Riots!

  • This current mini ice age is destroying crops and harvests around the world. Commodity prices are still on the upswing. Coupled with currency (debasement) induced price inflation, the situation looks pretty bad. As many as 1 billion people may drop below the poverty/famine line.
     
    World Food Prices Surge to Record, Passing Levels That Sparked 2008 Riots
    World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt.
     
    An index of 55 food commodities tracked by the
    Food and Agriculture Organization gained for a sixth month to 214.7 points, above the previous all-time high of 213.5 in June 2008, the Rome-based UN agency said in a monthly report. The gauges for sugar and meat prices advanced to records.
     
    Sugar climbed for a third year in a row in 2010, and corn jumped the most in four years in Chicago. Food prices may rise more unless the world grain crop increases “significantly” in 2011, the FAO said Nov. 17. At least 13 people died last year in
    Mozambique in protests against plans to lift bread prices.
     
    “There is still, unfortunately, the potential for grain prices to strengthen on the back of a lot of uncertainty,”
    Abdolreza Abbassian, senior economist at the FAO, said by phone from Rome today. “If anything goes wrong with the South American crop, there is plenty of room for them to increase.”
     
    White, or refined, sugar traded at $752.70 a metric ton at 11:53 a.m. on NYSE Liffe in
    London, compared with $383.70 at the end of June 2008. Corn, which added 52 percent last year on the Chicago Board of Trade, was at $6.01 a bushel, down from $7.57 in June 2008. Soybeans were at $13.6325 a bushel, against $15.74 at the close of June 2008.
     
    Demand From China
    The cost of food climbed 25 percent from a year earlier in December, based on the FAO figures, after Chinese demand strengthened and
    Russia’s worst drought in a half-century devastated grain crops. The agency’s food-price indicator rose from 206 points in November.
     
    Last month’s year-on-year rise compares with the 43 percent jump in food costs in June 2008. Record fuel prices, weather- related crop problems, increasing demand from the growing Indian and Chinese middle classes, and the push to grow corn for ethanol fuel all contributed to the crisis that year.
      …..
    In response to the 2008 crisis, countries from India and Egypt to Vietnam and
    Indonesia banned exports of rice, a staple for half the world. Skyrocketing food prices sparked protests and riots in almost three dozen poor nations including Haiti, Somalia, Burkina Faso and Cameroon.
      …..
    Grain Inventories
    Compared with 2007-2008, many poor countries had “good or above-average” cereal harvests last year, the economist said. Production problems took place in grain-exporting countries, and “supply at hand should be adequate,” he said. The FAO’s gauge for sugar prices reached 398.4 points last month, increasing from 373.4 in November. The meat-price index rose to 142.2 points from 141.5.
     
    The agency’s cereal-price index jumped to 237.6 points in December, the highest level since August 2008, from 223.3 the previous month. The indicator for cooking oils advanced to 263 points, the highest since July 2008, from 243.3. The index for dairy prices rose to 208.4 points from 207.8.
     
    Global grain output will have to rise at least 2 percent this year to meet demand in 2011-2012 and avoid further depletion of stocks, the UN agency has said.

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January 6, 2011 Posted by | Medicine & Health, Social Trends | , | 1 Comment

Wall Street Executive Air: ‘In The Unlikely Event of A Loss in Profits, Bailout Funds Will Drop From The Panel Above Your Head !’

January 6, 2011 Posted by | Economics, Social Trends | , , , | Comments Off on Wall Street Executive Air: ‘In The Unlikely Event of A Loss in Profits, Bailout Funds Will Drop From The Panel Above Your Head !’

Bob Chapman: The FedRes is Monetizing Debt in Order To Bail Out Government, Banking And Wall Street!

January 6, 2011 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Bob Chapman: The FedRes is Monetizing Debt in Order To Bail Out Government, Banking And Wall Street!