Socio-Economics History Blog

Socio-Economics & History Commentary

‘Bush, Reagan Let Drugs Flow Free To US From Nicaragua’!

January 17, 2011 Posted by | History, Social Trends | , | 1 Comment

Lindsey Williams: Get Ready For US$5/Gallon Gasoline, Gold And Silver Going Through The Roof!

January 17, 2011 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Chinese President Hu: ‘The Current International Currency System Is The Product of The Past!’

  • This is another nail in the coffin of the USD world reserve currency status. China is rapidly preparing for a non USD world. It is accumulating gold quietly and signing many CNY trade settlement agreements. The Chinese will never openly admit they are moving away from the USD. It will always be couched in political double speak. Just read between the lines!
    Hu calls currency system ‘product of the past’
    China’s President Hu Jintao said Sunday the international currency system was “a product of the past,” but it would be a long time before the yuan is accepted as an international currency. Hu’s comments, which came ahead of a state visit to Washington on Wednesday, reflected the continuing tensions over the dollar’s role as the major reserve currency in the aftermath of the US financial crisis in 2008.
    “The current international currency system is the product of the past,” Hu said in written answers to questions posed by The
    Wall Street Journal and the Washington Post. Highlighting the dollar’s importance to global trade, Hu implicitly criticized the Federal Reserve’s recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries’ exports. “The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level,” Hu said.
    China’s own currency, the yuan or renminbi (RMB), is also expected to be a bone of contention in Hu’s talks with Obama, with the United States complaining that it is artificially overvalued to boost Chinese exports. Asked about the view that appreciation of the yuan would curb inflation in China, Hu suggested that was too simplistic a formula. “Changes in exchange rate are a result of multiple factors, including the balance of international payment and market supply and demand,” he said. “In this sense, inflation can hardly be the main factor in determining the exchange rate policy,” he said.
    “But making the
    RMB an international currency will be a fairly long process.” Nevertheless, Hu noted that China has launched pilot programs using the yuan, or renminbi, in settlements of international trade and investment transactions. “They fit in well with market demand as evidenced by the rapidly expanding scale of these transactions,” he said.


January 17, 2011 Posted by | Economics | , , , , , , , | Comments Off on Chinese President Hu: ‘The Current International Currency System Is The Product of The Past!’

Gary Stearman And Tom Horn: The Coming EndTimes Strong Delusion! Official UFO-Alien Disclosure! Prepare For Contact!

Vodpod videos no longer available.

  • First released April 2010.
    Official Disclosure Of Alien Life Imminent
    Recently The Royal Society, the national academy of science of the UK and the Commonwealth hosted representatives from NASA, the European Space Agency and the UN Office for Outer Space Affairs, during its 350th anniversary celebration. The event offered some dizzying intellects in the featured discussion, “The Detection Of Extraterrestrial Life and the Consequences for Science and Society.” Lord Martin Rees, President of the Royal Society and Astronomer Royal, announced that aliens may be staring us in the face in a form humans are unable to recognize. Other speakers used words like “overwhelming evidence” and “unprecedented proof” to signify how close we are to making irrefutable discovery of alien life. Some, like Simon Conway Morris, professor of evolutionary­paleobiology at Cambridge University, worried that contact with these unknowns might not be a good thing. Extra-terrestrials might not only resemble us but have our foibles, such as greed, violence and a tendency to exploit others’ resources,” he said. “And while aliens could come in peace they are quite as likely to be searching for somewhere to live, and to help themselves to water, minerals and fuel.
    Vatican astronomers likewise weighed in on this question, “Are we alone in the Universe,” and their top scholars are hinting that discovery of alien life, including intelligent life, might be made in the near future. Father Jose Gabriel Funes in a long interview with the L’Osservatore Romano newspaper said there is a certain possibility of intelligent life elsewhere in the universe, and that such notion “doesn’t contradict our faith.” Another Vatican astronomer, Guy Consolmagno concluded that chances are better than not that mankind is facing a near-future discovery of extraterrestrial intelligence. Monsignor Corrado Balducci made similar news when he said ETs were actually already interacting with earth and that some of the Vatican’s leaders are aware of it.
    To separate fact from fiction and to understand the social, scientific, and spiritual ramifications of alien disclosure and/or contact with earth, some of the world’s leading authorities–including some who attended the 2010 Royal Society Conference such as Nick Pope, Britian’s Military of Defence lead officer over UFO research–speak out in this special 18 hour series on the numerous important issues that could soon affect all mankind.
    Questions such as:
    * Is official disclosure of alien contact near? When will it happen?
    * Are the aliens friendly or hostile?* What is happening during alien abduction?
    * Are angels or demons involved?
    * Is this the fulfillment of biblical prophecy?
    The answers to these questions are sometimes unnerving as ex-government agents with above top-secret security clearance, world-famous field investigators, physicists and theologians peel back for the first time the truth behind a reality so astonishing the personal destiny of every man, woman and child may shortly be impacted by it. Featuring: Chuck Missler, Thomas Horn, Gary Stearman, Michael Heiser, Nick Pope, Stanton Friedman, Jesse Marcel Jr., James Hughes, Joe Jordan, Lynn Marzulli, David Ruffino, Doug Elwell, Ken Klein, Mike Bennett, Terry James, Guy Malone, Stephen Yulish, Keith Robinson and more.


January 17, 2011 Posted by | EndTimes, Social Trends | , , , , , | 4 Comments

Porter Stansberry: Protect Yourself From 2011’s Global Economic And Monetary Meltdown With 2 Sure Bets!

  • Porter Stansberry provides straight talking excellent research. His marvellous video on the coming global economic, financial and monetary is a must watch. Here is the link. Got Gold yet?
    Two of 2011’s Surest Bets
    Porter Stansberry writes: When I talk about “The End of America,” I don’t mean the end of our political union (although I won’t rule that out). I’m talking about the end of the U.S. dollar as the world’s reserve currency. So how will it unfold? That’s what people keep asking me.
    My answer is: The collapse of the global fiat money system is already underway. Gold has gone up for 10 straight years. Gold is the counterbalance to fiat (paper) money. For 10 years in a row, investors around the world have been favoring gold. This trend is going to continue, and it will not stop until serious actions are taken to put a floor under the value of the world’s major paper currencies: the euro, dollar, and yen. And that can’t happen because the governments backing these three currencies are all bankrupt. The euro will die first. Just look at the numbers…
    Greece, Ireland, Spain, Portugal, and Italy have all made the same mistake. They responded to the collapse of real estate prices and debts by guaranteeing the private obligations of their banks with their country’s treasury. (America is doing the same, by the way.) The problem is, the debts are vastly larger than the governments can afford to repay… far larger.
    So for example, when Anglo Irish Bank failed, it announced it required $35 billion. That’s equal to 25% of Ireland’s GDP. And that’s only one of Ireland’s failed banks. Ireland will never be able to afford these obligations. As a result, Germany, France, and the other euro nations have put together a bailout plan. All of the European treasuries will act to save any member state.
    Total debts owed to foreign investors in the so-called “PIIGS” countries are $2.6 trillion. The bailout package that’s been assembled totals $1 trillion. That sounds pretty good… at first. But Italy and Spain have pledged $130 billion to the bailout. Where will they get that money? Greece has pledged $12 billion. Ireland, $7 billion. Portugal, $11 billion. Only about half this money will ever be raised and almost all that can be raised will come from France and Germany. Sooner or later, the taxpayers in those countries will say “enough” and the whole thing will unravel.
    It will happen suddenly. And very, very soon.
    Even if you pretend Europe can raise that size of a bailout fund, that figure isn’t nearly large enough to bail out either Spain or Italy. And both are likely to suffer a default if either Greece or Ireland defaults. That’s why interest rates in Ireland and Greece are back to crisis levels, despite the bailout promise. That’s why the euro continues to fall. And that’s why shorting the euro is one of 2011’s sure bets.
    The collapse of the euro will cause all kinds of big problems this year and almost surely lead to a huge correction in commodities and a rise in the dollar. Does that mean the U.S. dollar’s problems are just a mirage? Nope. Sooner or later, the U.S. will face a stark choice…
    If we let the euro fail, there will be terrible short-term consequences. So the Fed will crank up the presses yet again. Quantitative easing 3 will be another $1 trillion effort, this time focused on buying European sovereign debt. The Fed must become the lender of last resort not only for the U.S., but for the world.
    That’s the last step before its eventual collapse. After that point, people will no longer flee to Treasurys when a crisis erupts. They will flee to gold.


January 17, 2011 Posted by | Economics | , , , , , , , , , , , , | 2 Comments

GEAB N°51: Systemic Global Crisis! 2011 – The Ruthless Year, At The Crossroads of 3 Roads of Global Chaos!

Monthly progression of the FAO food index (2010) and the price of principal foodstuffs (2009/2010) (base 100: averaged over 2002-2004) - Source: FAO/Crikey, 01/2011

  • You can either believe the financial MSM’s : ‘Be happy, the stock, bond market are rallying! Wall Street is issuing multi billion dollar bonuses!‘ propaganda, or you can believe people like me. We track the real economy not the Wall Street casino, fraudulent finance and grand theft larceny of Main Street. GEAB (Global Europe Anticipation Bulletin) once again gives us a sobering view of the global economy.
    GEAB N°51 is available! Systemic global crisis – 2011: The ruthless year, at the crossroads of three roads of global chaos
    This GEAB issue marks the fifth anniversary of the publication of the Global Europe Anticipation Bulletin. In January 2006, on the occasion of the first issue, the LEAP/E2020 team indicated that a period of four to seven years was opening up which would be characterized by the “Fall of the Dollar Wall”, an event similar to the fall of the Berlin Wall which resulted, in the following years, in the collapse of the communist bloc then that of the USSR. Today, in this GEAB issue, which presents our thirty-two anticipations for 2011, we believe that the coming year will be a pivotal year in the roll out of this process between 2010 and 2013. It will be, in any case, a ruthless year because it will mark the entry into the terminal phase of the world before the crisis (1).
    Since September 2008, when the evidence of the global and systemic nature of the crisis became clear to all, the United States, and behind it the Western countries, were content with palliative measures that have merely hidden the undermining effects of the crisis on the foundations of the present-day international system. 2011 will, according to our team, mark the crucial moment when, on the one hand, these palliative measures see their anesthetic effect fade away whilst, in contrast, the consequences of systemic dislocation in recent years will dramatically surge to the forefront (2).
    In summary, 2011 will be marked by a series of violent shocks that will explode the faulty safety devices put in place since 2008 (3) and will carry off, one by one, the “pillars” on which the “Dollar Wall” has rested for decades. Only the countries, communities, organizations and individuals which, over the last three years, have actually undertaken to learn the lessons from the current crisis to distance themselves as quickly as possible from the pre-crisis patterns, values and behavior will get through this year unscathed; the others will be carried away in the procession of monetary, financial, economic, social and political difficulties that 2011 holds.
    Thus, as we believe that 2011 will, globally, be the most chaotic year since 2006, the date of the beginning of our work on the crisis, in this GEAB issue our team has focused on 32 anticipations for 2011, which also include a number of recommendations to deal with future shocks. Thus, this GEAB issue offers a kind of map forecasting financial, monetary, political, economic and social shocks for the next twelve months.
    If our team believes that 2011 will be the worst year since 2006, the beginning of our anticipation work on the systemic crisis, it’s because it’s at the crossroads of three paths to global chaos. Absent fundamental treatment of the causes of the crisis, since 2008 the world has only gone back to take a better jump forward.
    A bloodless international system
    The first path that the crisis can take to cause world chaos is simply a violent and unpredictable shock. The dilapidated state of the international system is now so advanced that its cohesion is at the mercy of any large-scale disaster (4). Just look at the inability of the international community to effectively help Haiti over the past year (5), the United States to rebuild New Orleans for six years, the United Nations to resolve the problems in Darfur, Côte d’Ivoire for a decade, the United States to progress peace in the Middle East, NATO to beat the Taliban in Afghanistan, the Security Council to control the Korean and Iranian issues, the West to stabilize Lebanon, the G20 to end the global crisis be it financial, food, economic, social, monetary, … to see that over the whole range of climatic and humanitarian disasters, like economic and social crises, the international system is now powerless.
    In fact, since the mid-2000s at least, all the major global players, at their head of course the United States and its cortege of Western countries, do no more than give out information, or gesticulate. In reality, all bets are off: The crisis ball rolls and everyone holds their breath so it doesn’t fall on their square. But gradually the increasing risks and issues of the crisis have changed the casino’s roulette wheel into Russian roulette. For LEAP/E2020, the whole world has begun to play Russian roulette (6), or rather its 2011 version, “American Roulette” with five bullets in the barrel.
    Soaring commodity prices (food, energy (7),…) should remind us of 2008 (8). It was indeed in the six months preceding Lehman Brothers and Wall Street’s collapse that the previous episode of sharp increases in commodity prices was set. And the actual causes are the same as before: a flight from financial and monetary assets in favour of “concrete” investments. Last time the big players fled the mortgage market and everything that depended on it, as well as the U.S. Dollar; today they are fleeing all financial stocks, Treasury bonds (9) and other public debts. Therefore, we have to wait for a time between Spring and Autumn 2011 for the explosion of the quadruple bubble of Treasury bonds, public debt (10), bank balance sheets (11) and real estate (American, Chinese, British, Spanish,… and commercial (12)), all taking place against a backdrop of a heightened currency war (13).
    The inflation induced by US, British and Japanese Quantitative Easing and similar stimulus measures of the Europeans and Chinese will be one of the destabilizing factors in 2011 (14). We will come back to this in more detail in this issue. But what is now clear with respect to what is happening in Tunisia (15), is that this global context, especially the rise in food and energy prices, now leads on to radical social and political shocks (16). The other reality that the Tunisian case reveals is the impotence of the French, Italian or American “godfathers” to prevent the collapse of a “friendly regime” (17).
    Impotence of the major global geopolitical players
    And this impotence of the major global geopolitical players is the other path that the crisis can use to produce world chaos in 2011. In effect, one can place the major G20 powers in two groups whose only point in common is that they are unable to influence events decisively.
    On one side we haves a moribund West with, on the one hand, the United States, for whom 2011 will show that its leadership is no more than fiction (see this issue) and which is trying to freeze the entire international system in its configuration of the early 2000s (18), and on the other hand we have Euroland, “sovereign” in the pipeline, which is currently mainly focused on adapting to its new environment (19) and new status as an emerging geopolitical entity (20), and which, therefore, has neither the energy nor the vision necessary to influence world events (21).
    And on the other side are the BRIC countries (with China and Russia in particular) who are, at the moment, proving to be incapable of taking control of all or part of the international system and whose only action is therefore limited to quietly undermine what remains of the foundations of the pre-crisis order (22).
    Ultimately, impotence is widespread (23) at the international community level, increasing not only the risk of major shocks, but also the significance of the consequences of these shocks. The world of 2008 was taken by surprise by the violent impact of the crisis, but paradoxically the international system was better equipped to respond being organized around an undisputed leader (24). In 2011, this is no longer the case: not only is there no undisputed leader, but the system is bloodless as we have seen above. And the situation is aggravated further by the fact that the societies of many countries in the world are on the verge of socio-economic break-up.
    Societies on the edge of socio-economic break-up
    This is particularly the case in the United States and Europe where three years of crisis are beginning to weigh very heavily on the socio-economic and therefore political balance. US households, now insolvent in their tens of millions, oscillate between sustained poverty (25) and rage against the system. European citizens, trapped between unemployment and the dismantling of the welfare state (26), are starting to refuse to pay the bills for financial and budget crises and are beginning to look for culprits (banks, the Euro, government political parties…).
    But amongst the emerging powers too, the violent transition which constitutes the crisis is leading societies towards situations of break-up: in China, the need to control expanding financial bubbles is hampered by the desire to improve the lot of whole sectors of society such as the need for employment for tens of millions of casual workers; in Russia, the weakness of the social security system fits badly with the enrichment of the elite, just as in Algeria shaken by riots. In Turkey, Brazil and India, everywhere the rapid change these countries are seeing is triggering riots, protests and terrorist attacks. For reasons that are sometimes contradictory, growth for some, penury for others, across the globe our diverse societies tackle 2011 in a context of strong tensions and socio-economic break-up, which have the making of political time bombs.
    It’s its position at the crossroads of three paths which thus makes 2011 a ruthless year. And ruthless it will be for the States (and local authorities) which have chosen not to draw hard conclusions from the three years of crisis which have gone before and / or who have contented themselves with cosmetic changes not altering their fundamental imbalances at all. It will also be so for businesses (and States (27)) who believed that the improvement in 2010 was a sign of a return to “normal” of the global economy. And finally it will be so for investors who have not understood that yesterday’s investments (securities, currencies,…) couldn’t be those of tomorrow (in any case for several years). History is usually a “good girl”. She often gives a warning shot before sweeping away the past. This time, it gave the warning shot in 2008. We estimate that in 2011, it will do the sweeping. Only players who have undertaken, even painstakingly, even partially, to adapt to the new conditions generated by the crisis will be able to hang on; for the others, chaos is at the end of the road.

US petrol prices (2009-2011) - Source: GasBuddy, 01/2011


January 17, 2011 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on GEAB N°51: Systemic Global Crisis! 2011 – The Ruthless Year, At The Crossroads of 3 Roads of Global Chaos!

Gwynne Dyer: Riots Spread As Global Food Shortage Worsens!

  • It looks like 2008 again! This time round it will be much worse. As fiat currencies debasement escalates, the sheeple of the world will be caught. I pity them because it is not their fault and many simply do not have the income for survival. Add in the fact that the Illuminists want a depopulation of the planet, things are terrible and getting worse.
    Gwynne Dyer: Riots spread as global food shortage worsens
    If all the food in the world were shared out evenly, there would be enough to go around. That has been true for centuries now – if food was scarce, the problem was that it wasn’t in the right place. But there was no global shortage. However, that will not be true much longer.
    The food riots began in Algeria more than a week ago, and they are going to spread. During the last global food shortage, in 2008, there was serious rioting in Mexico, Indonesia and Egypt. We may expect to see that again, only more widespread. Most people in these countries live in a cash economy and a large proportion live in cities. They buy their food, they don’t grow it. That makes them vulnerable, because they have to eat almost as much as people in rich countries do but their incomes are much lower.
    The poor, urban multitudes in these countries (including China and India) spend up to half of their entire income on food, compared with only about 10 per cent in rich countries. When food prices soar, these people quickly find that they simply lack the money to go on feeding themselves and their children properly – and food prices now are at an all-time high.
    “We are entering a danger territory,” said Abdolreza Abbassian, chief economist at the Food and Agriculture Organisation. The price of a basket of cereals, oils, dairy, meat and sugar that reflects global consumption patterns has risen steadily for six months, and has just broken through the previous record, set during the last food panic in June 2008.
    “There is still room for prices to go up much higher,” Abbassian said, “if, for example, the dry conditions in Argentina become a drought, and if we start having problems with winter kill in the Northern Hemisphere for the wheat crops.” After the loss of at least a third of the Russian and Ukrainian grain crop in last summer’s heat wave and the devastating floods in Australia and Pakistan, there’s no margin for error left. It was Russia and India banning grain exports in order to keep domestic prices down that set the food prices on the international market soaring.
    Most countries cannot insulate themselves from this global price rise because they depend on imports for a lot of domestic consumption. But that means that a lot of their population cannot buy enough food for their families, so they go hungry. Then they get angry, and the riots start. Is this food emergency a result of global warming? Maybe, but all these droughts, heat waves and floods could also just be a run of really bad luck. What is nearly certain is that the warming will continue, and that in the future there could be many more weather disasters because of climate change.
    Global food prices are already spiking whenever there are a few local crop failures, because the supply barely meets demand even now. As the emerging economies grow, Chinese, Indian and Indonesian citizens eat more meat, which places a great strain on grain supplies. Moreover, the world population is now passing through 7 billion, on its way to 9 billion by 2050. We will need a lot more food.
    Some short-term fixes are possible. If the United States Government ended the subsidies for growing maize (corn) for “bio-fuels”, it would return about a quarter of US crop land to food production. If people ate a little less meat, if more African land was brought into production, if more food was eaten and less was thrown away, then maybe we could buy ourselves another 15 or 20 years before demand really outstripped supply.
    On the other hand, about a third of all the irrigated land in the world depends on pumping groundwater up from aquifers that are depleting rapidly. When the flow of irrigation water stops, the yield of that highly productive land will drop hugely. Desertification is spreading in many regions and a large amount of good agricultural land is simply being paved over each year. We have a serious problem here.


January 17, 2011 Posted by | Economics, Social Trends | , , , , , | Comments Off on Gwynne Dyer: Riots Spread As Global Food Shortage Worsens!

Ashkenazi Jews Are NOT Descendents of The Biblical Israelites!

  • This is a video showing different sources that state that the Ashkenazi Jews are not in any way descendents of the Biblical Israelites. Comments are welcome, but if there is any profanity written or racial slurs or direspect in any kind of way I will block you and delete your comment.
    The 13th Tribe By Arthur Koestler…
    This is the link to buy the Jewish Almanac I mentioned in my video. Since a Jew is claiming that i’ve created this almanac from my imagination i thought i’d link you to it. It’s nice and cheap too so buy it and see the truth for yourselves.…

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.


January 17, 2011 Posted by | History | , , | Comments Off on Ashkenazi Jews Are NOT Descendents of The Biblical Israelites!

How Khazarian Ashkenazi “Jews” Invented Modern Terrorism!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

January 17, 2011 Posted by | GeoPolitics, History | , , , , , | Comments Off on How Khazarian Ashkenazi “Jews” Invented Modern Terrorism!