Socio-Economics History Blog

Socio-Economics & History Commentary

Dr. Tom Horn: Transhumanism And EndTimes Prophecy. Science & Supernatural Conference!

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January 18, 2011 Posted by | EndTimes, Social Trends | , , , , , | Comments Off on Dr. Tom Horn: Transhumanism And EndTimes Prophecy. Science & Supernatural Conference!

Greg Hunter: Inflation Is Here!

  • Do you believe the MSM saying there is no inflation? If you don’t eat, travel and are dead, yeah, no inflation exists! These spinmeisters are trying to make inflation into a good thing. How does things getting more expensive benefit the people? Will rising food and energy prices be good for the people? When an economy isn’t doing well, pay packets are shrinking, cheaper food and energy prices are good for the people. Cheaper housing is the way the market regulates supply and demand, thus, affordability.
      
  • These economic heretics want to interfere/intervene in the normal workings of the market economy by shuffling fiat currencies around. They think QE: money printing creates economic growth. This is BS. If this is true, the FedRes should go the whole hog by printing US$1 million for each man, woman, child and their dog.
     
    Inflation Is Here
    For months now, the Federal Reserve has been worried about inflation being too low.  So low, that the Fed claims it is unhealthy to the U.S. economy.  When it announced its second wave of money printing (QE2) in early November 2010, the Fed said, “Longer-term inflation expectations have remained stable, but measures of underlying inflation have trended lower in recent quarters. . . . To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to expand its holdings of securities.” (Click here to read the Complete Fed News release from November 2010.) That means the Fed started printing $75 billion a month, out of thin air, to finance more than half of the U.S. budget.  QE2 is scheduled to end in June, but many predict it will be immediately followed by some sort of QE3.
     
    The mainstream media is spinning the latest consumer price numbers as good news, but inflation 2011 is here.  The Associated Press called inflation “tepid.” The story went onto say, “The Labor Department said Friday that consumer prices rose 0.5 percent last month, the largest increase since June 2009. Roughly 80 percent of the increase was due to higher gas prices. . . . Without food and energy costs, consumer prices only increased by 0.1 percent for the second straight month. This “core” inflation rate has gained 0.8 percent in the past year, evidence that prices are not rising too quickly.” 
    (Click here to read the entire AP story.) It would be nice to live in a world where you don’t need food or energy, but that simply is not the case.
     
    On the other hand, the Fed plan to stoke the fires of inflation is working nicely according to the latest report from economist John Williams at Shadowstats.com.  Williams strips away all the accounting gimmicks that make inflation look tamer than reality.  The Shadowstats.com report last Friday said, “There are numskulls in the financial media — toadies to the Federal Reserve — who would like to think that energy and food inflation do not count.  Simply put, the monthly December inflation releases for the CPI-U (annualized 6.2% inflation), CPI-W (annualized 7.8% inflation) and PPI (14.0% annualized inflation) were disasters . . .” The credit or the blame for the big spike in inflation is the direct fault of the Fed.  “The sharp increases in December energy and food prices were not due to normal price volatility in those areas, instead, they were created directly by Federal Reserve Chairman Bernanke’s ongoing push to debase the U.S. dollar — to destroy the purchasing value of the U.S. currency,” said Williams.
    (Click here to go to Shadowstats.com)
     
    If not accounted for properly, inflation can appear to be growth when, in fact, it is nothing more than price increases.  For example, the latest spending numbers from the Christmas holiday season were reported as a record $462 billion.  A recent AP story said, “Just because Americans spent more this holiday season doesn’t mean they bought more. A button-down shirt you bought your father in 2010 probably cost more than it would have three years ago. The government figures on which the National Retail Federation based its holiday total do not take into account rising prices.” 
    (Click here to read the complete AP story.)
     
    Jim Willie at GoldenJackass.com says you can expect inflation to be reported as growth by the government.  This will make it look like the economy is recovering when, in fact, it is sinking.  In his latest report, Willie said, “Not just emerging economies like China and Brazil are contending with price inflation. The US does too, but it calls it growth, since its economic trackers are much more accomplished decepticons. When job losses mount in the second half of 2011, the lies will be unmasked. The US Fed is the greatest destroyer of working capital in the history of the world. Their balance sheet is negative $1 trillion and growing worse, their highly appropriate report card.” 
    (Click here to read the latest from the GoldenJackass.com.)
     
    I have long said the only thing you can count on with this economy is inflation.  It looks like that prediction has already come true with rising fuel and food prices.  Inflation is here, and I predict it will get much worse.   But, of course, as long as you don’t travel or eat, you won’t feel a thing.

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January 18, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Greg Hunter: Inflation Is Here!

Israel Demolishes Homes And Classroom In West Bank Village!

Nayfeh Ka'abneh and a friend. Photograph: Harriet Sherwood for the Guardian

  • Zionists came into Palestine and forcefully, at the point of a gun evicted Palestinians from their homeland in 1948. This is a historical fact. The Bible forbids the ill treatment, abuse, racism …of/against Palestinians by these Zionists. They are criminal thugs. Now, they set up oppressive rules on land they have gotten by terror and are oppressing the native semitic people. How is this fair?
     
    Israel demolishes homes and classroom in West Bank village
    Children taught outdoors after bulldozers reduce unauthorised buildings to rubble.
    In a bleak but beautiful landscape of undulating stony hills I watched a group of Palestinian schoolchildren take their lessons yesterday in the open air next to a heap of rubble that, until this week, was their classroom. This is the village of Dkaika, about as far south in the West Bank as you can get. It’s a community of around 300 people, without electricity or running water, whose days are spent tending their herds of goats and sheep and trying not to attract the attention of nearby Jewish settlers.
     
    On Wednesday, at about 7.30am, a convoy of military vehicles and bulldozers arrived to tear down 16 homes, an animal pen, a store and one of the village school’s classrooms. All were subject to demolition orders, granted because the structures were built without permission, which is almost impossible for Palestinians to get around here. Dkaika is in Area C, under full Israeli military and civil control, which accounts for 60% of the West Bank.
     
    At the time there were dozens of children inside the school. The soldiers tried to prevent the its three teachers from entering the building. Sulaima Najadah, 38, who has taught English at the school since last September, told me that he sneaked in to reassure the crying children. “I was in this class,” he said, pointing to the pile of twisted metal and masonry. “The soldiers took us out by force.”
     
    The teachers were handcuffed and blindfolded in front of their pupils before the bulldozers moved in. One girl, Mariam Odeh, 13, said she had been afraid the classroom would be demolished over their heads. Twelve-year-old Nayfeh Ka’abneh lost her home as well as her classroom. That night she slept in a tent. “It wasn’t comfortable,” she said, shyly twisting the ends of her headscarf. “We want to rebuild our home.”
     
    In another tent, with a rug laid over bare stony ground and a small fire burning in a corner, Fida Najada, 24, said she had no money to reconstruct her home. Her husband, who was tending herds far from the village, did not yet know it had been demolished. Pregnant and with a small boy clinging to her legs, Najada had no idea how long she would have to live under canvas.
     
    Between 50 and 60 people were made homeless by Wednesday’s demolitions, adding to the 478 – many of them children – displaced in Area C in 2010, according to figures from the
    UN’s Office for the Coordination of Humanitarian Affairs (OCHA). The number for the previous year was 319. Residents had believed the demolition orders were on hold while a plan to regularise the village was considered by the Israeli authorities.
     
    They did not deny that buildings were erected without permission. Palestinian building is rarely approved in Area C, in contrast to permits for settlement expansion. The area has been inhabited by Palestinians since the Ottoman era, locals said. Its population swelled when families moved across the Green Line from the Negev after the war in 1948.

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 18, 2011 Posted by | GeoPolitics, History, Social Trends | , , , , , , , | Comments Off on Israel Demolishes Homes And Classroom In West Bank Village!

Gilad Atzmon: Vera Macht Reports from Gaza. A Special Appeal For The Palestinian People!

For the love of God, 60+ years of genocide and ethnic cleansing by the Zionist state must end now!

  • The Zionist ‘666’ terrorist state of Israel violates every commandment of God not to abuse, mistreat, genocide, ethnic cleanse … ‘strangers’, people who are different from us. We are to love ‘strangers’ as ourselves! 
     
    Exodus 22:21
    “You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
    Exodus 23:9

    “Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
    Leviticus 19:33
    ‘And if a stranger dwells with you in your land, you shall not mistreat him.’ 
    Leviticus 19:34
    The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.  
    Leviticus 23:22
    ‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’ 
    Leviticus 24:22
    You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.
    Ezekiel 47:22-23 
    22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.   
     
  • Thank God for Jews like Gilad Atzmon who speaks the truth!
      
    Vera Macht Reports from Gaza
    The air is filled with the noise of the Israeli F-16s, which are flying so low that it’s almost like the air is trembling. You can positively feel the bombs before they fall, before they explode with a horrendous bang, that is unmistakable, with a pressure wave that breaks the windows of the houses in the whole surrounding area, and makes the walls shake miles away.
     
    And even if you know rationally that you are not in an immediate danger, this bang triggers a primal fear, the feeling of vulnerability, of being absolutely exposed. “We people of Gaza die hundreds of times”, a young Palestinian woman said. “In our thoughts, we are buried every night under the rubble of our crumbling house, we are shot every morning by a sniper on a carelessly chosen path, we may starve to death every day, because no more food is coming in.”
     
    This night four bombs fall, three in the middle area of Gaza Strip, one in Khan Younis. All places have been declared “terrorist targets” in the official statement of the Israeli military, including a Navy police building.
     
    They fly overhead for about an hour, and you try to ignore the noise by focusing on something else, on your laptop, the text before you. The people of Gaza might watch TV, but the images are constantly disturbed by dozens of drones in the sky above. Their pervasive, never-ending buzz can drive you crazy, not to mention the prospect of how they record every single detail of each house, each car and each movement of the people, of yourself. Always aware of how they can transform into a deadly weapon at any moment. And perhaps their bombs aren’t aimed at yourself, but at the car next to you, the person behind you, or at the friend on the motorcycle seat in front of you. This happened yesterday afternoon in Khan Younis, as a resistance fighter was executed in broad daylight as he rode his motorcycle with a friend.
     
    Whoever writes about Gaza, whoever writes about the buffer zone without writing about the rockets, which are shot from there to Israel, is accused of writing only half the truth. Half of the truth about farmers being killed, stone collectors who are shot at, and bombs in the night. The other half of the truth would then be the approximately 20 mortar shells and missles that have landed in Israel since the beginning of the year, the Israeli soldier who died by “friendly fire”, which was actually aimed at a Palestinian, and the Thai workers, who were injured by fragments of a missile. The whole truth would then be a mutual terror, incited on both sides, and in which both parties would be equally responsible for the spiral of violence.
     
    If there were two equal parties, then each Israeli police station would be a legitimate target, any Israeli soldier who, on his day off, rides with a friend on his motorcycle through Tel Aviv, would be a legitimate target for execution. That is how Israel operates. The discourse is, however, not about equality, it is about self-defense and protection of a state on one side, and about terrorism on the other side.
     
    What about the safety of the people of Gaza? One wonders, living here. What about the safety of the children in the schools near the border that are shot at, of the pregnant women, over whom the F-16 circles? Where is the protection of the baby, who was sleeping in his bed, as a few weeks ago the bullet of an Israeli tank shattered the wall above him? All of this is a response to the terror of the Islamists, says Israel and the mainstream journalism.
      …..
    Israel is committing blatant injustice in Gaza, not just from an emotional, but from a legal point of view. The entire population of Gaza lives under a total siege, the nutrition of 55% of the Palestinians in Gaza is not ensured, and 10% of children show impairments caused by malnutrition. During the Israeli attack on Gaza 2008 / 9, phosphorus bombs were used. According to article 33 of the Fourth Geneva Convention, collective punishment is prohibited. Article 55 of the Fourth Geneva Convention states that the occupying power has the obligation to maintain the nutrition and medical care for the population to the maximum extent possible. The Additional Protocols of 1977 to the Geneva Conventions of 1949 explain that the use of incendiary weapons against civilians, or in a manner in which it can easily result in so-called “collateral damage”, is prohibited. Those are only the most serious examples of a long list of Israel’s injustices toward Gaza.
     
      …. to continue
    reading click here!

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 18, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Comments Off on Gilad Atzmon: Vera Macht Reports from Gaza. A Special Appeal For The Palestinian People!

James Turk: Not Only Commodities are Signaling Hyperinflation!

  • Inflation is kicking in, in a big way! There is no doubt about it. The US government statistics excludes food and energy in their core inflation data. This is blatant manipulation of inflation statistics. Everyone else includes food and energy in their inflation statistics. Of course, screw the Main Street sheeple, food and energy prices do not affect the Wall Street Illuminist banksters at all. What is the real cause of this inflation? James Turk:
     
    Not Only Commodities are Signaling Hyperinflation 
    The rise in commodity prices over the past several months has been unrelenting.  Equally unrelenting has been the stream of central bank apologists aiming to re-direct the blame for soaring prices to almost everything imaginable except the real cause, which of course is unrestrained money printing.
     
    Here is a chart (see top of post) that shows rising prices that cannot be blamed on bad weather, failed crops, global warming, a new ice age or sunspots.  This chart of the S&P 500 Index shows a near perfect correlation to the Federal Reserve’s money printing, a/k/a “quantitative easing”.
      
    The S&P Index and other stock indices like the Dow Jones Industrial Average are not rising because of better economic conditions or an improved outlook for economic activity.  Stock prices are rising because of money printing, just like they did in the early days of the hyperinflations in Weimar Germany, Argentina, Zimbabwe and every other country ravaged by misguided government and central bank policies.

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January 18, 2011 Posted by | Economics | , , | Comments Off on James Turk: Not Only Commodities are Signaling Hyperinflation!

Adrian Douglas: Strong Indications of Gold & Silver Shortages!

Source: Adrian Douglas, marketforceanalysis.com

  • This is a great analysis piece by Adrian Douglas, Market Force Analysis and Board member of GATA. Adrian Douglas explains conclusively what is happening in the gold and silver market and what will likely happen next. Do not be discouraged by the recent price smash down. It is in reality a free gift to those who are seeking to accumulate gold/silver!
     
    Strong Indications of Gold & Silver Shortages
    Since reaching new highs at the end of 2010 gold and silver have been sold off, and the selling has been particularly intense in the last few days. The news on the economy is almost exclusively bullish for the precious metals. From the price action one might be falsely led to believe that investment demand for the precious metals is waning. On the contrary the data analysis I will show in this article reveals strong indications of growing shortages and furthermore that the gold and silver markets are approaching “tipping points” that will lead to an acceleration of price appreciation. We will first consider silver because the data for silver is the most dramatic. Figure 1 (see chart at top of post)
      
    Figure 1 shows a cross plot of Comex silver futures open interest against the silver price since 2001. By looking at the data in this way the time element is removed and the relationship between open interest and price is revealed. On the left side of the chart the data falls within the green dotted ellipse. The long axis of the ellipse is slanted upwards which means that generally the data within the ellipse display a relationship wherein the price of silver increases as open interest increases and it falls as open interest declines. Within the green ellipse there are tightly packed clusters of data that have been enclosed in pink ellipses and are numbered from 1 through 4. Ellipse #1 is almost vertical; this data cluster is from the start of the bull market when silver was trading around $5/oz. Because this data cluster is almost vertical it means that at that time expansion of open interest did not result in an increase in price. In other words, there was sufficient supply of silver in the market that the commercials were ready to keep selling as many contracts short as speculators demanded. If all demand for contracts on the long side was met with eager short selling the price could never rise and it didn’t. The data within ellipse #1 demonstrate that whether the open interest was 60,000 contracts or 120,000 contracts the price remained around $5/oz. It can be seen, however, that this situation gradually changed. The data clusters 2, 3 and 4 are enclosed by ellipses whose long axes tip progressively more toward the horizontal as one goes toward the right of the chart. As the ellipse leans over it means that the price is becoming much more sensitive to the open interest. As open interest increases the sellers are only prepared to meet increasing demand from the speculators at ever increasing prices. The progressively decreasing slope of the long axes of the ellipses 1 through 4 is indicative of a tightening supply of physical silver. As the supply becomes tighter there are less willing sellers so there are only minimal increases in open interest for quite large increases in price.
     
    The exciting revelation comes from ellipse #5 which is shown in red. This encompasses the open interest versus price data since silver went above $22/oz. The long axis of this ellipse is downward dipping. This means that as the price increases the open interest contracts! This means that in general existing shorts are covering their positions as the price rises. This is indicative of a looming chronic shortage. The owners of a commodity should be happy to sell at higher prices but that is not the case in silver. This shows that those who have committed to sell and don’t have the silver are buying back their commitments and those that have silver no longer want to sell it. There is no other way to interpret this change in relationship between open interest and price that has been developing over the last ten years. We have reached the tipping point where physical shortages are going to become more and more apparent.
     
    John Embry in a recent interview with KWN explained how difficult it was to source physical silver for the Sprott Physical Silver Fund. In daily updates in the Midas column of www.lemetropolecafe.com I have shown how Comex silver inventories are shrinking and are not far from ten year lows. The Financial Times just reported on acute shortages of gold bars for investment in Asia.
     
    Let’s now look at gold. Figure 2 shows a cross plot of Comex gold futures open interest against the gold price since 2001. There is a similar pattern to what was seen in silver except the lower volatility of gold results in the clusters being more tightly packed. Figure 2 (see chart at bottom of post)
     
    There are five ellipses shown in pink and numbered 1 through 5. The long axes of the ellipses tip toward the horizontal as one goes from left to right on the chart. Ellipse #1 encompasses data from very early in the bull market. The ellipse is almost vertical which means that at that time increased demand for gold futures was met willingly by the sellers such that increasing open interest resulted in only minor increases in price. It can be seen from ellipse #1 that an expansion of open interest from 100,000 contracts to 375,000 contracts resulted in the gold price increasing from $260/oz to $425/oz, an increase of $165/oz. The ellipse #5 shows that an increase of around 50,000 contracts (600,000 to 650,000) resulted in an increase in the gold price of almost $200/oz ($1200/oz to $1400/oz). Just as we saw with silver the tendency of the long axes of the ellipses to tilt over as we go from left to right on the chart is an indication of a growing shortage. Ellipse #6 has been marked in red. It is horizontal. That is not yet quite as dramatic as in the case of silver where the ellipse is downward sloping but nonetheless it is indicating a looming chronic physical shortage. This horizontal data cluster means that even as the price rises the sellers, considered overall as a group, can not be persuaded to sell more commitments to deliver gold in the future despite a rising price.
     
    The clear trend in the data clusters that has developed over the last ten years indicates that the gold open interest will soon be declining with a rising price as is the case for silver. Taken together the data shows that in both gold and silver there is a growing reluctance of the traditional short sellers to meet rising demand even at elevated prices. This is strongly indicative of looming physical shortages. This conclusion is corroborated by many other market observations and anecdotal evidence. We are likely very close to the “tipping point” where shortages become exposed and a stampede of investors into precious metals to benefit from the accelerating prices will give rise to a feeding frenzy that will exacerbate the shortages.
     
    Perversely the more the market becomes close to the tipping point the more we can expect the cartel of bullion banks to make bear raids as we have seen this last week because they desperately need to cover their short positions. However, in the case of silver and soon to be the case with gold a negatively correlated open interest to price relationship means that lower prices lead to higher open interest; in other words there is no way to cover at lower prices; the only way to cover is at higher prices. As this becomes increasingly obvious to the cartel the severity of the bear raids will decrease, particularly when the premiums in the physical market are showing that the bear raids are stimulating massive physical offtake making the predicament of the cartel ever more precarious.
     
    This makes the brouhaha about the CFTC imposing position limits on the Comex a complete joke because, as always, the regulators are going to be too late. Just like all the other nefarious financial engineering schemes that are falling like houses of cards, the scam of selling precious metals that do not exist is fast approaching a rendezvous with its day of reckoning.

Source: Adrian Douglas, marketforceanalysis.com

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January 18, 2011 Posted by | Economics | , | 1 Comment

The Ruling Class vs Liberty! The Corrupt American Financial Market! Continue To Accumulate Physical Gold And Silver!

January 18, 2011 Posted by | Economics | , , , , , , , , | Comments Off on The Ruling Class vs Liberty! The Corrupt American Financial Market! Continue To Accumulate Physical Gold And Silver!