Socio-Economics History Blog

Socio-Economics & History Commentary

Piers Corbyn: Man Made Global Warming Is Utter Nonsense, Bull**** And Fraud !

January 7, 2011 Posted by | Science & Technology, Social Trends | , | Comments Off on Piers Corbyn: Man Made Global Warming Is Utter Nonsense, Bull**** And Fraud !

Max Keiser: 2011 Year of the Big Default?

January 7, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off on Max Keiser: 2011 Year of the Big Default?

Alan Watt: Prison Cities Coming in 2011 !

Vodpod videos no longer available.

January 7, 2011 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Alan Watt: Prison Cities Coming in 2011 !

Piers Corbyn: The Cold Truth of What is to Come in 2011 !

January 7, 2011 Posted by | Science & Technology, Social Trends | , | Comments Off on Piers Corbyn: The Cold Truth of What is to Come in 2011 !

2011: The Year When Money Starts To Die!

  • Will this be the year we see the global monetary crisis? I think it is of 90% probability. The petrodollar system is starting to break down. Now, India a US ally is settling oil payments to Iran not in USD. The Russia-China oil pipeline is running. And settlement of trade between these 2 countries will not be in USD (ie. Ruble or CNY). China has also initiated CNY trade settlement with southeast Asia countries and others.
     
  • These are all preparations for a non USD world. The days of the USD hegemony are numbered. However, what most people don’t understand is: when the USD collapses, all other currencies will follow suit. All countries will be affected because they hold USD. Some may fall into bankruptcies as their reserves are held in USD or US treasuries. With competitive devaluations and rising commodity prices, inflation will be a worldwide phenomenon. Food prices are already escalating.
     
  • This engineered crisis will drive the sheeple to ask for a solution ie. sound money! Money that will hold its value and destroy inflation. This is when the Illuminists will pose as saviors of the world by introducing a One World Currency backed by hard asset like gold. They are already sounding this out: Fed’s Hoenig Says Gold Standard “Legitimate” System.
     
  • The world will very likely return to a gold standard in one way or another. When fiat currencies collapse, international trade will be settled in gold. It will be the preferred ‘currency’. The huge bubble in fiat currencies is about to burst.
      
    2011 – The year when money starts to die
    Between 1716 and 1720, John Law tried to rescue the French government from bankruptcy with a scheme that came to be called “The Mississippi Bubble”. His strategy was to set up two entities: a bank whose purpose was to issue paper money, and a company whose primary but undeclared function was to refinance government debt.  Law realised that he had to confiscate all gold and silver other than smaller quantities, and force French citizens to pay their taxes and buy shares in the Mississippi Company, only with the bank’s newly issued notes. These were the three essential elements of his scheme.[i]
     
    This is precisely what central banks in the US, Europe, Japan and the UK are doing today. They are rigging the markets by buying government debt at artificially high prices with freshly created paper money, having previously excluded gold and silver from any role as legal tender.  The following quote from John Law, could equally be attributed to a central banker of today: “An abundance of money which would lower the interest rate to two per cent would, in reducing the financing costs of the debts and public offices etc. relieve the King.” This is quantitative easing, pure and simple, and John Law had fully anticipated modern central banking.  Law’s scheme ended in disaster and as a precedent for today’s central banking this should worry us greatly.
     
    Many of us recognise the government debt bubble, which ensures that today’s rulers are relieved by the artificially low cost of their debt.  But most of us are unaware of the other bubble, that of the value of money, which is also held up at artificially high levels.  The money bubble is inflating primarily in quantity rather than price, making it easier to deceive the public. There is also a fundamental difference from the usual bubbles, which end with a collapse while money’s value is unaffected: in this dual bubble both  debt and money will eventually collapse together; the former as nominal yields rise and the latter being reflected in rising precious metal prices.
     
    In Law’s time, it was made illegal to hold more than a minimal quantity of gold and silver coinage.  Today the central banks have had a different approach, removing gold and silver from circulation altogether.  Naturally, central banks have also convinced themselves that precious metals are now redundant, fully replaced by paper money, so they have carelessly reduced their own holdings to suppress prices.  At the same time commercial banks offering gold and silver accounts have developed large uncovered liabilities with their customers through their fractional banking practices.  Through these uncovered, undeclared positions, the strategy of depressing bullion prices has become dangerously dependant on confidence remaining in both the central banks and the banking system.
     
    We can expect the collapse in money values to be reflected in gold and silver prices rather than other paper currencies, and the warning signs are now upon us. Bullion has been climbing in value for a decade, and in 2010 buyers found it regularly difficult to get physical metal delivered to them by the banks. It is becoming clear that the ability of the central banks to keep a lid on bullion prices is at last coming to an end.
     
    And it is not just bullion prices getting out of control.  In the last three months the yield on government debt has risen in spite of fresh rounds of monetary inflation.  Markets are now becoming wary of future currency issuance to support the government bond markets, and they are beginning to question risk, rather than value stability.  We are learning how it must have felt in Paris in the early months of 1720, when the Mississippi Company share price, as proxy for government debt, began to fall.  And if the last few months of 2010 marked the beginning of the end for today’s government bonds, this new year of 2011 will mark the beginning of the end for paper money. The two bubbles are now fully interdependent.
     
    This is why we might call 2011 the year money starts to die.  The central banks are beginning to lose control over bubbles one and two, and also bullion. The destruction of private sector savings has coincided with expanding budget deficits so the expansion of the money bubble will have to continue to contain the situation, because there is no alternative.  As monetary inflation translates into price inflation, government bond yields will rise again, developing into a self-feeding loop of government bond prices and currency purchasing-powers falling, as the prices of commodities and raw materials rise further. This process is already underway.
     
    Rising price inflation should lead to rising interest rates, which will be unwelcome to the bubble inflators. Higher interest rates will wreck what is left of government finances, and lead to substantial losses for the banking system as well, due to the impact on the economy and asset prices.  Suddenly, there will be negative feedback loops everywhere.  That is what John Law discovered through the summer of 1720, and it is safer to expect history to repeat itself than not. 
     
    This time, the implosion of government debt and paper currency values will not be confined to the destructive popping of the Mississippi bubble.  The bubbles today are global and taken together are far bigger. The values of specie are greatly suppressed today
    [ii], which was not the case in John Law’s time. The adjustment, when it comes, should be far sharper, even catastrophic as a result, and the loss of confidence sudden.  It will confound those who trust in a mechanistic link between the quantity of money and the general price level.  It will wreck the Keynesians’ cherished experiment with expanding deficits as a means of economic regeneration. It will destroy the central banks. It will be a poor consolation that these last two consequences will at least be a Pyrrhic good.
     
    Now, the New Year, reviving old desires, the thoughtful soul to solitude retires. It is the time for investment strategists to dream their forecasts, which are invariably optimistic. But there is only one question to ask of these soothsayers, and that is the fate of the two bubbles, and the suppression of gold and silver prices.  Will it all unravel in 2011? Maybe, but if money does not actually die this year, this is the year money starts to die.

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January 7, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off on 2011: The Year When Money Starts To Die!

Henry Makow: The “God” of the Cabala!

“To you, Sovereign Grand Inspectors General (of the 33rd degree), we say this, that you may repeat it to the brethren of the 32nd , 31st and 30th degrees – The Masonic Religion should be, by all of us initiates of the high degrees, maintained in the purity of the Luciferian doctrine.  … Yes, Lucifer is God … “
Albert Pike, Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry in 1871

  • Modern Judaism is mostly Babylonian Talmudism and the Kaballah. They form the basis of Satanism. It has little to do with the old Testament. It mis-interpretes the old Testament into a racist ideology and promotes the ‘chosen people’ Jews as divine ‘gods’. This is of course nonsense. The message of the old and new Testament are the same. Man are sinners, God loves man and provides salvation for man via Jesus Christ the Son of God. In the old Testament, the salvation message was entrusted to the Jews. Now, it is entrusted to Christians: Jew or Gentile.
     
  • Who is the Masonic ‘god’, who is the ‘god’ of the Kaballah? Lucifer the light bearer! This world is ruled by Luciferians. They masquerade as Christians, Jews, Muslims ….etc. They are the social engineers: destroying Christianity, promoting immorality, homosexuality, wars, terrorism … with their ‘Do as Thou Wilt’ lawless doctrine!
     
    The “God” of the Cabala
    The “God” of the Cabala is no god at all, but serves as a barrier between us and the Creator. “To the Qabbalists, God is an infinite Sea of Being (En Sof) without any limits; hence without any qualities, without desire or will of any kind. He is totally incomprehensible.”  Jacob Agus, The Meaning of Jewish History (1963) p. 286
     
    Why should we care about the “God of the Cabala?”
    The Cabala is the secret “religion” of the modern world, the occult dementia of the Illuminati bankers and their Freemason lackeys.  As you can see, the “God” of the Cabala bears no resemblance to the real God. God has no qualities? No will or desire? Totally incomprehensible? That’s a recipe devised by a Satanist. Anyone with a fleeting acquaintance with God knows the opposite is true.
     
    God is Moral. Where do we get our bearings? From the soul and  conscience, the God within! The desire for God is what defines us as human.  
     
    God is the only Reality. He consists of spiritual ideals or absolutes which exist in a spiritual dimension independent of us. These ideals are truth, goodness, harmony, justice, peace, love and beauty. When we are in a state of God-consciousness, they are self-evident. We tune into this signal like a radio. 
     
    God has no will or desire? His will is that we realize these ideals.  God wishes to know Himself through his Creation knowing Him.
     
    We cannot feel good unless we are Good. This is the cosmic drama in which we are all engaged.
     
    Totally incomprehensible? They wish. The essence of any real religion is that we can know God and obey Him. We have to transform ourselves to know Him. God is our compass and the bliss we really seek.
     
    FALSE GODS
    Cabalists are Satanists. They have done a good job of banishing God by pretending He is anthropomorphic. They created a straw man they could easily discredit. They wish to supplant Him and make us worship their God Lucifer, who represents their rebellion against God and the natural & spiritual order. Secular humanism, the deification of man, is really the deification of the Cabalist. 
     
    They define reality. We live in a Cabalist-created world: wars, sex, money. By monopolizing the media and education, they create a matrix. We are their mental and spiritual hostages. 
     
    “We have already contrived to possess of the minds of the goy communities…[they are] looking through the spectacles we are setting astride their noses.” (Protocols of Zion, 12)    
     
    PARADOX
    You would think that deifying man would have the effect of ennobling him. Paradoxically the opposite is true. By deifying man, we eliminate our connection to God. By doing this, man is degraded to the level of an animal. His soul and spiritual aspirations are denied. God is what makes us human. Without our connection to God (spiritual ideals), we are animals.
     
    “Modernism” is a fraud, a bankrupt attempt to define reality without reference to the Creator.  Modern man has taken the wrong path. That is why he’s always pondering his navel, looking for God in the lint. That’s why modern man is obsessed with trivia and naturalism (bodily functions,) thinking anything human is divine and therefore profound. Not true. 
     
    Without our connection to God, we are nothing but squealing piglets. That’s the way the Illuminati Cabalists see us. We are goyim, their livestock. 
     
    God is moral.
    Cabalists hate Him and us, because we harbor God within our souls. Until we face the fact that modern society is infiltrated and controlled  by Illuminati satanists (Freemasons) in most key positions, humanity will remain entranced and entombed in their Magick spell.

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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January 7, 2011 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , | Comments Off on Henry Makow: The “God” of the Cabala!

Mac Slavo: America On the Brink of Catastrophic Economic Collapse!

  • One of the problem facing people like me in warning the sheeple of the coming economic collapse is the propaganda MSM. The sheeple are thoroughly brainwashed and utterly incapable of sustained focus reasoning. It is almost impossible to talk facts, figures and sense to them. The sheeple is thoroughly obsessed with their sports, fashion, movie/music stars, entertainment…etc. It is a culture of pleasure-seeking, mass dumbing down and lack of a sober mind.
     
  • Once again the sheeple are being led to the slaughter. Most are asleep and unaware. This coming global economic, financial and monetary crisis will catch them off guard. The Illuminist leaders are employing the slow boiling of the sheeple frog. They are selling the ‘don’t worry be happy’ propaganda, fake economic statistics, fake job recovery, ‘look the stock market is rising!’….
      
  • It is very clear: America will create money out of thin air and inflate away all its debts. This is currency debasement (think hyperinflation). The USD is toast! This is also what the Eurozone, UK and Japan will do: debt monetization via money printing. All major currencies are heading down the toilet bowl of currency devaluation. The minor currencies will not survive as they will adopt competitive devaluations. If you look at the USD vs EUD or JPY, it will not be apparent what is happening, as all currencies are racing to the bottom. To get a true perspective of currency debasement, you should watch rising prices of commodities, gold and silver. Watch inflation worldwide!
     
    On the Brink of Catastrophic Economic Collapse 
    … The fundamental problems within our economy became mainstream news in the latter part of 2008 when stock markets around the world were in free fall and most major financial institutions were on the cusp of insolvency. In response, our government, with the full support and confidence of Congress, took unprecedented steps to save the system by injecting, first billions, and then trillions of dollars to bailout failed companies, stabilize deflationary price collapses and stimulate the economy.
     
    Treasury Secretary Henry Paulson eventually wrote a book about the crisis, aptly titled On the Brink. But how close to the brink were we? If Representative Brad Sherman is to be believed, we were close. So close, in fact, that according to Sherman, Congressional members were told that if the bailout was not authorized by Congress the collapse would be so severe that martial law may have to be declared – basically, tanks in the streets. The following short video is Brad Sherman discussing the situation on the House floor(see video above).
      
    Are we now to believe that the actions taken by Congress, The President, US Treasury and The Federal Reserve have resolved the fundamental problems facing our nation? For those 17% of people who think the economy is in recovery and the other 33% who believe it will happen soon, we point you to the latest statement from current Treasury Secretary Timothy Geitherner, who outlines the severity of the problem in a
    January 6, 2011 letter to Congress writes:
      
    I am writing in response to your request for an estimate by the Treasury Department of when the statutory debt limit will be reached, and for a description of the consequences of default by the United States.
     
    Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses and could lead to the loss of millions of American jobs. Even a very short-term or limited default would have catastrophic economic consequences that would last for decades. Failure to increase the limit would be deeply irresponsible. For these reasons, I am requesting that Congress act to increase the limit early this year, well before the threat of default becomes imminent.
       …..
    Treasury would prefer not to have to engage again in any of these extraordinary measures [suspension of the issuance of certain types of government debt and government investment vehicles]. If we are forced to do so again, these measures could delay the date by which the limit is reached by several weeks. Once these steps have been taken, no remaining legal and prudent measures would be available to create additional headroom under the debt limit, and the United States would begin to default on its obligations.
       
    The Treasury Secretary of The United States of America just said that if we don’t get another $1 trillion or so dollars by March of this year then this country will begin to default on its debt obligations. These remarks are extremely serious and should be understood for what they are. We are, literally and without mixing words, on the brink of economic catastrophe.
     
    The scary thing is, according to Mr. Geithner and the many supporters of raising our debt ceiling, that borrowing more money is the only solution available.
       
    In a
    recent commentary we pointed out the opposing view from Karl Denninger of Market Ticker, who said that raising the debt ceiling would essentially lead to the very same consequence as leaving it as is:
     
    Let me be clear: If you extend the debt ceiling and by doing so allow deficits of this sort to continue for another year, say much less two, you will have placed a loaded shotgun in the mouth of this nation and pulled the trigger. It will go off, and you will splatter this nations’ economic and political system all over the wall.
     
    It’s a Catch 22 and there’s no way out. Defaulting on or inflating away our debt are the only viable solutions. Both of these will lead to the same end – a complete and total collapse of the way of life Americans have become used to.
     
    Just as Henry Paulson, President Bush, et. al. warned of economic collapse and depression in 2008, Mr. Geithner warns of the very same today. All of the trillions spent, all of the laws passed, and all of the manipulations of global asset markets, have done absolutely nothing to resolve the fundamental systemic problems we faced prior to the onset of the crisis.
     
    It is, quite literally, going to be the end of the world as we know it – and it cannot be stopped. It’s time for each individual to take steps to prepare for a national debt default and a complete debasement of the US dollar. It won’t be long before we either can’t meet our debt obligations or our creditors finally put a stop to our out of control borrowing. And when they do, the chances are high that we will experience a hyperinflationary monetary collapse, complete with disruptions to the normal flow of commerce, food shortages and out of control prices. The only refuge will be to understand what is money when the system collapses and start preparing now. The government is getting ready for it, so should you.

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January 7, 2011 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

Ron Paul Warns of ‘Cataclysmic’ Economic Crisis!

  • It is always worthwhile listening to Congressman Ron Paul. He is spot on!
      
    Ron Paul Warns of ‘Cataclysmic’ Economic Crisis
    Former presidential candidate Rep. Ron Paul warned Wednesday that even if Republicans fulfill their pledge to slash $100 billion in federal spending, the United States still only has a one in 10 chance to avert an economic catastrophe.
     
    Appearing jointly on Fox News with his son, newly minted Kentucky Sen. Rand Paul, the Texas Republican said that a $100 billion cut in federal spending — a goal that leading Republicans now are cautioning may not be realistic — would amount to “peanuts.” “It hardly does anything,” Paul said of the $100 billion cut, which would roll back federal spending to 2008 levels.
     
    Rep. Paul pointed to the fact that the Federal Reserve recently embarked on a massive $600 billion expansion of the money supply without congressional authorization.
     
    “The government itself is so out of control,” Rep. Paul told Fox News host Neil Cavuto, “that I don’t think anybody realizes how bad it is, and how little control we have on it . . . And that’s why for 20-some years I have been voting against every single appropriation, because I assumed that spending is too high, government is too big, it’s growing exponentially.
     
    “And boy,” Paul continued, “to reverse this, it’s not going to be easy. I think we only have one chance out of 10 to reverse it without a cataclysmic crisis with our dollar and our financial situation.”
     
    Cavuto pointed out that a cataclysm is precisely what Obama administration economic adviser Austan Goolsbee predicts if Congress refuses to raise the debt ceiling, which is bumping up against its $14.3 trillion limit. Economists believe Congress has until March or April to authorize the federal government to run up more red ink. Otherwise, it a shutdown of some governmental functions could result. 
       
    Sen. Rand Paul dismissed Goolsbee’s strident prediction of a catastrophe if the debt ceiling isn’t raised, however. “As a senator, Senator Obama voted against raising the debt ceiling,” the younger Paul said. “So it’s a little disingenuous for his people now to say, ‘Oh, the sky is falling if we don’t do it.’”
     
    Sen. Paul said he would vote to raise the debt ceiling, but only once. And he said he’d only cast that vote if Congress also agreed to an iron-clad rule that all future budgets must be balanced. “If they say, ‘No more debt will be added, and from here on out we’ll balance the budget,’ I’ll vote one time to raise the debt ceiling,” Sen. Paul said. “But we shouldn’t give in and say, ‘Oh, we have to raise the debt ceiling.’
     
    “Let’s make them be fiscally responsible,” Sen. Paul added. “And that’s what the people want. They didn’t send me up here to be a rubber stamp for President Obama’s agenda.”

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January 7, 2011 Posted by | Economics | , , , , , , , | Comments Off on Ron Paul Warns of ‘Cataclysmic’ Economic Crisis!

Ron Paul: U.S. Government Must Admit Bankruptcy And Stop Cheating People With Devalued Money!

January 7, 2011 Posted by | Economics | , , , , , , , , , | Comments Off on Ron Paul: U.S. Government Must Admit Bankruptcy And Stop Cheating People With Devalued Money!