Socio-Economics History Blog

Socio-Economics & History Commentary

Texans Revolt Against TSA Tyranny, Storm Capitol !

May 31, 2011 Posted by | GeoPolitics, Social Trends | , , , , | Comments Off on Texans Revolt Against TSA Tyranny, Storm Capitol !

US (Not Gaddafi) Dropped Cluster Bombs on Misratah !

“All wars are based on deception.” – Sun Tzu, The Art of War

  • The first casualty of war is Truth! Much of what is on the western MSM are outright lies. The entire ‘Arab Spring’ is a CIA organized, financed and engineered plan. This is really about the implementation of the Satanic World War 3 Plan to bring about their Luciferian New World Order!

    ‘US dropped cluster bombs on Misratah’
    http://www.presstv.ir/
    A Human rights investigation in Libya has found that it was the US and its Western allies who cluster bombed the troubled city of Misratah back in April. The HRI said it has convincing evidence that the cluster bombing blamed on pro-Gaddafi forces was actually carried out by the US navy.

    The report says at the time of the attack, Human Rights Watch and a reporter working for US media immediately blamed forces loyal to Libya’s embattled leader Muammar Gaddafi for the cluster bombing that threatened civilian lives.

    According to the report, the UN High Commissioner for Human Rights, Navi Pillay and the US Secretary of State Hillary Clinton were quick to condemn the act. Clinton called the cluster bombing of urban areas an act that posed a lot of challenges to both NATO and the opposition.

    International aid agencies and human rights groups had warned of a growing humanitarian disaster in Misratah, Libya’s third largest city. “We never saw these injuries before. We need experts to assess [the munitions],” said a doctor at a Misratah hospital back in mid-April.

    The Libyan regime had flatly denied reports that they have used internationally banned cluster bombs in the ongoing clashes with revolutionaries.

    NATO has been bombing Libya since March. Under a UN mandate, the alliance must protect civilians caught up in the battle between the opponents of Gaddafi and his loyalists.

    However, many civilians and even anti-Gaddafi forces have been killed since the Western-led war on Libya began in March. Cluster bombs used by coalition forces in Afghanistan and Iraq have also resulted in civilian casualties. 

    Critics, however, accuse the West of hypocrisy over the offensive on Libya, along with its silence towards the brutal crackdowns on similar anti-regime movements elsewhere in the Arab world, such as in Bahrain, Saudi Arabia and Yemen.

    Experts say the main motive behind the Western attack on Libya is the vast oil reserves in the North African country.
  • Daniel 7:23 (New King James Version)
    23 “Thus he said:
          ‘The fourth beast shall be
          A fourth kingdom on earth,
          Which shall be different from all other kingdoms,
          And shall devour the whole earth,
          Trample it and break it in pieces.

end

May 31, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off on US (Not Gaddafi) Dropped Cluster Bombs on Misratah !

HAARP Being Used To Create Floods To Destroy World’s Food Supply!

If the flood waters sits around for too long, crops won’t be planted this year.

  • Although, I cannot tell you with absolute certainty that HAARP weather modification weapons are being used to mess with the climate, it would be foolish to dismiss it. The Illuminists want to create the endtimes conditions to depopulate the world.

    HAARP being used to create floods to destroy World’s food supply
    http://presscore.ca/2011/
    … Scientists discovered that there are five (5) atmospheric rivers in the Northern Hemisphere and five (5) more in the Southern Hemisphere. Each of these 10 rivers carries huge amounts of water vapor.  Although atmospheric rivers come in many shapes and sizes, those that contain the largest amounts of water vapor and the strongest winds can create extreme rainfall and floods, often by stalling over watersheds vulnerable to flooding. These events can disrupt travel, induce mudslides and cause catastrophic damage to life and property.
    ….
    The US has discovered a way to manipulate the Earth’s atmospheric rivers and use it as a weapon of mass destruction. … HAARP (High-frequency Active Auroral Research Program) was created to give the US Force the capability of “Owning the Weather”. HAARP was developed as a weather modification system to achieve military objectives. HAARP scientists were given the task by Bill Clinton and Al Gore to manipulate or alter certain aspects of the environment to produce desirable changes in weather.

    HAARP achieved what it was ordered to do when it developed a system of phased array antennas that beams gigawatts (1 gigawatt = 1 billion watts)  of electricity into the protective ionosphere of Earth’s atmosphere.  The billions of watts of electricity beamed by HAARP heats up a targeted area of Earth’s atmosphere.  The heating manipulates the weather by pushing the Earth’s Atmospheric Rivers upwards.  HAARP atmospheric heating creates a low pressure system that pushes the Atmospheric Rivers upwards where the water vapor condenses and forms precipitation (rain, snow).  As Atmospheric Rivers are 400-600 km wide and carries an amount of water vapor roughly equivalent to 10-20 times the average flow of liquid water at the mouth of the Mississippi River HAARP is able to create extreme rainfall and massive floods.

    …..
    In order for HAARP to create Biblical flooding like what were seen in Pakistan, China and Australia in 2010 HAARP created an electromagnetic dam.  This electromagnetic dam caused the Atmospheric Rivers to stall over the targets which caused astronomical amounts of precipitation to fall on the target areas.  HAARP scientists discovered that ELF wave beaming can cause an electronic dam to be created in the atmosphere! These electronic dams can divert or block these vapor rivers, causing huge amounts of rainfall to be dumped.  The HAARP created electromagnetic dam blocks the flow of the atmospheric river, causing it to back up behind the dam.  Eventually atmospheric river pressure builds up and undermines the HAARP dam causing a sudden release of the impounded precipitation.  Did HAARP cause the Pakistan, China, and Queensland Australia floods?  Scientific evidence says yes.  Did HAARP cause the Russian heatwave?  Scientific evidence says yes.  Is HAARP responsible for the flooding in Manitoba Canada and Arkansas US?  Scientific evidence says yes. Why?

    HAARP has been ordered by the current US government … to manipulate the weather and create floods to destroy the World’s food supply.  It was during the Jimmy Cater administration that it was decided that the World population was getting too big and billions of people would have to be killed off.  Henry Kissinger, wrote: “Depopulation should be the highest priority of U.S. foreign policy towards the Third World.  Depopulation, also known as eugenics, was first proposed by the Nazis during World War II.  Eugenics wasn’t proposed again until Jimmy Carter became president of the United States.  Carter’s National Security Council’s Ad Hoc Group on Population Policy proposed a Nazi style eugenics through Henry Kissinger’s Global 2000 report.  Eugenics is the deliberate killing off of large segments of living populations.

    Prince Philip of Britain is in favor of depopulation: “If I were reincarnated I would wish to be returned to earth as a killer virus to lower human population levels” ~ quoted in “Are You Ready for Our New Age Future?” Insiders Report, American Policy Center, December 1995.  Prince Philip, Duke of Edinburgh, consort of Queen Elizabeth II, leader of the World Wildlife Fund, member of the Danish-German House of Schleswig-Holstein-Sonderburg-Glücksburg, endorses eugenics.


    How will they depopulate the World?  By using the weapon of mass destruction called HAARP.  HAARP has been given the task of Eugenics.  HAARP has been actively doing it part since Barack Hussein Obama became president of the United Sates.  Obama is the first US president to order HAARP into action against foreign states and even the United States.  HAARP has been ordered by Obama to create earthquakes, tsunamis, floods and heat waves in foreign states and in the US.  The goal is to covertly kill as many people as possible.  Flooding will kill the most people.  Not immediately but through starvation.  The target of the HAARP created floods is to destroy the World’s food supply.  HAARP floods in the spring will prevent farmers from seeding their crops.  HAARP floods in late summer will destroy the crops that did get planted and survived.

    What crops are the US HAARP targeting?  The United States is the third largest producer of wheat in the world.  Manitoba is the “Wheat Capital” of Canada and the sixth largest producer of wheat in the world.  Corn is the largest U.S. crop, in terms of both volume and value.  The United States grew 39 percent of the world’s corn making it the largest producer followed by China which produced 21% of the World’s corn supply.  China is the world’s largest producer of rice, and the crop makes up a little less than half of the country’s total grain output. China accounts for 26% of all world rice production. China also produces 108,712 TMT of wheat annually. This makes China the world’s largest wheat producer, producing 42,856 TMT more than India, the world’s second largest wheat producer.

    Do you see what is happening?  Flooding is only occurring in the regions that produces the largest portion of the World’s supply or corn, rice and wheat.  Three crops; wheat, corn, and rice provide nearly 60 percent of total plant foods that humans consume. Rice is the world’s number one staple food and feeds half the world’s population.  Wheat is the largest source of carbohydrates for human consumption.  Wheat is the world’s second most popular staple food. Corn is the world’s third most popular staple food. Wiping out just these three crops can cause as much as half the World’s population to starve to death.  Today food is being used as a weapon.  The lack of it is being used as a means of depopulation and conquering destitute countries (under the pretext of humanitarian aid).

    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.” ~ GLOBAL 2000 – Depopulation Program.

    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.  Under the terms of the Global 2000 Report, the population of the US is to be reduced by 100 million.

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May 31, 2011 Posted by | Disaster, Science & Technology | , , , , , | 2 Comments

Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives!

  • Since the 2008 crisis, the underlying problems have not been resolved. More debts have been piled upon existing debts creating an even bigger problem. You cannot solve a debt problem with more debts. The Illuminati’s intention is to create a ginormous problem such that a crash is inevitable and irreparable. They are simply employing their Hegelian Dialectic: Order Out of Chaos methodology to bring about their Luciferian New World Order. A global economic, financial and monetary collapse is coming!

    Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives
    By Kana Nishizawa, http://www.bloomberg.com/
    Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.


    “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

    The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, said Mobius, who oversees more than $50 billion. With that volume of bets in different directions, volatility and equity market crises will occur, he said.

    The global financial crisis three years ago was caused in part by the proliferation of derivative products tied to U.S. home loans that ceased performing, triggering hundreds of billions of dollars in writedowns and leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The MSCI AC World Index of developed and emerging market stocks tumbled 46 percent between Lehman’s downfall and the market bottom on March 9, 2009.

    “With every crisis comes great opportunity,” said Mobius. When markets are crashing, “that’s when we’re going to be able to invest and do a good job,” he said. The freezing of global credit markets caused governments from Washington to Beijing to London to pump more than $3 trillion into the financial system to shore up the global economy. The MSCI AC World gauge surged 99 percent from its March 2009 low through May 27.

    ‘Too Big to Fail’
    The largest U.S. banks have grown larger since the financial crisis, and the number of “too-big-to-fail” banks will increase by 40 percent over the next 15 years, according to data compiled by Bloomberg.

    Separately, higher capital requirements and greater supervision should be imposed on institutions deemed “too important to fail” to reduce the chances of large-scale failures, staff at the International Monetary Fund warned in a report on May 27.

    “Are the banks bigger than they were before? They’re bigger,” Mobius said. “Too big to fail.”

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May 31, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off on Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives!

Joe Weisenthal: GREECE – There Are New Emergency Bailout Talks That Could Spell The End Of National Sovereignty!

A protester holds a banner in front of the Greek Parliament during a peaceful rally attended by thousands on Wednesday against painful austerity measures. Source: http://www.telegraph.co.uk/

“In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn’t such a great idea after all.”
Strobe Talbot, President Clinton’s Deputy Secretary of
State, as quoted in Time, July 20th, 1992.

  • The Illuminists are conquering Europe and America via fraudulent finance. They want to steal all the precious assets of the nations and keep it in their private hands. They are deliberately destroying national sovereignties to build their fascist superstate: a Luciferian 10 horn beast EU.

    GREECE: There Are New Emergency Bailout Talks That Could Spell The End Of  National Sovereignty
    by Joe Weisenthal , http://www.businessinsider.com/
    Big news on the Greece front: In order for the country to get future bailout  money, the country will have to give up some sovereignty. Specifically, according to a bombshell FT  report, outside authorities will take over various functions related to tax  collection (a big time problem in Athens) and privatizations.

    None of this is certain yet. It’s just what’s on the table, and no doubt  politicians in the country will flip out. But every attempt to cut the deficit has failed so far, and the powers that  be in Europe (EU, ECB, IMF) are adamantly opposed to any kind of debt  restructuring that would trigger a credit event, and imperil European banks.

    Meanwhile, there were already huge  protests in Athens on Sunday. Things are moving fast. Meanwhile, for a look at what does happen if Greece defaults, see  John Mauldin on the subject.

    Update: Reuters  has more details of fresh, emergency talks happening right now. A new package  could be worth 65 billion from the EU and the IMF.

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May 31, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , | 1 Comment

Gerald Celente: Spain’s Protests To ‘Go Global’!

  • Protests are sprouting up all across Europe over austerity programs that the Illuminist banksters want to impose on the sheeple. Greece is touch and go. As much as the Illuminists want to continue stealing from them, the Greeks may just decide to tell them to go to hell and default. I strongly encourage Greece to default now. Whatever plans the Illuminists have, they are not God, things are reaching a point beyond their control. A Eurozone wide sovereign debt default and collapse this summer is not out of the question! Got physical gold/silver yet? (See also: Panic Capital Flight in Greece, Depositors Yank 1.5 Billion Euros in 2 Days;EU Wants Severe Bail-Out Conditions Including International Tax Collection)

    Forecast: Spain’s protests to ‘go global’ 
    http://www.upi.com/
    Growing unrest in Spain will spread throughout Europe this summer and “go  global” by winter, a U.S. trends forecaster said in an interview posted  Friday. “Young people have wised up. They know the score,” Trends Research Institute  Director Gerald Celente told King World News. “Those are the people that are  ahead of all of these revolutions.”

    Inspired by the revolutionary wave of demonstrations and protests taking  place in the Middle East and North Africa, tens of thousands of young Spaniards,  expressing distress over 45 percent youth unemployment and severe  government-imposed austerity measures, have taken over central squares in 60  cities — including Madrid’s busy Puerta del Sol — seeking to overhaul Spain’s  socioeconomic and political systems, which they allege favor special interests,  especially financial institutions.

    Like the so-called Arab Spring, the growing Spanish movements are spread via  social media networks and led in the streets by the young. And “they’re not leaving the streets,” Celente told King World News, because  “when you lose everything and have nothing left to lose, you lose it.” “These revolutions are going to spread through the summer in Europe, and by  the winter it’s going to go global,” he said.
  • For the KingWorldNews interview click here!

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May 31, 2011 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on Gerald Celente: Spain’s Protests To ‘Go Global’!

No Cash To Pay Your Debts? We’ll Take Your Gold, Greece!

May 31, 2011 Posted by | Economics | , , , , , , | Comments Off on No Cash To Pay Your Debts? We’ll Take Your Gold, Greece!

Operation BlackJack: London Telegraph. Illuminati Slide-Show! False Flag Nuclear Attack!

Vodpod videos no longer available.

  • “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 (blasphemy)
  • Satanic doctrine teaches that, ultimately, the New World Order can be established in society only after a time of planned, great world turbulence and chaotic disorder. It is this very concept- “order out of chaos”- which is at the foundation of all Masonic doctrine. Significantly, Masonic initiates elevated to the 33 degree are given a “jewel” to wear proudly. This jewel is decorated with the sign of three, interlocked triangles, representing both the unholy trinity and the number 666. The jewel is also inscribed with the Latin inscription “Ordo Ab Chao,” interpreted as “Order Out of Chaos.”
    Circle Of Intrigue, Page 94, Texe Marrs

    Here is the 33rd Degree Masonic Symbol
    The higher-level initiates are well aware that in the working of The Plan (for a New World Order), death and bloodshed- unparalleled chaos are prescribed. John Randolph Price, president of the Planetary Commission and organizer each year of a massive and worldwide “Instant of Cooperation” event, has proclaimed that the “Divine Plan” requires chaos to cleanse and purge the world before a bright, new era can emerge.
    Circle Of Intrigue, Page 100, Texe Marrs
  • One of the unheralded and least known facts about Freemasonry and the Masonic Lodge is its Jewish origins and nature. The religion of Judaism, based on the Babylonian Talmud, and the Jewish Cabala (or, Kabala), an alchemical system of magic and deviltry, form the basis for the Scottish Rite’s 33 ritual degree ceremonies.
    – Freemasonry is Jewish Magic, Texe Marrs 

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May 30, 2011 Posted by | Economics | , , , , , , , | 1 Comment

Alex Thomas: The Stage Is Set For a Nuclear False Flag!

  • The Illuminists are preparing for a false flag attack on America and possibly western Europe. And it will likely be nuclear! It will be far worse than 9/11. Think 10x worse! They want to initiate their Satanic World War 3 Plan to bring about their Luciferian New World Order!

    The Stage Is Set For a Nuclear False Flag
    by Alex Thomas, The Intel Hub 
    The stage has been set for a nuclear false flag in America.
    Many in the alternative media have wondered if a false flag nuke attack within America is a real possibility. Would they do it? Who would it be? What cities would be targeted?

    Recently, The New York Times reported that the United States is running out of a rare gas that is used to detect smuggled nuclear materials. The reason given is that one arm of the Energy Department is selling the gas much quicker than the other is able to accumulate it. While this could possibly be a legitimate reason, it seems highly suspicious that a government that is installing a police state nationwide to supposedly save us from terrorists would be unable to obtain the gas needed to detect smuggled nuclear weapons.

    Wouldn’t a nuclear attack on America be the MOST important threat to combat? Unfortunately there is a long history of suspicious nuclear activity in the United States, with cover story after cover story being spread throughout the corporate controlled media.

    At this junction in history it seems prudent to lay out some of the more ludicrous stories that have been planted into the minds of the American people.

    Laying The Groundwork
    One of the more recent nuclear cover stories was released in late March. This story was just that, a complete and utter fabrication of what Al Qaeda can actually do. 25 letters that claim nuclear bombs are hidden throughout the United  States were supposedly sent to multiple investigators and citizens in the  Chicago area.


    “The idea that Al Qaeda could place over a hundred nuclear weapons into  government buildings throughout the United States is 100% impossible.  Cave dwelling ninjas do not have the ability to either steal or create  nuclear weapons, fly them over to America, and somehow plant them in  government buildings.”

    Last year Obama labeled a nuclear attack on America as the biggest single threat facing our nation yet we are unable to obtain the gas used to detected them?


    Calling terrorists with nuclear weapons “the single biggest threat to  U.S. security,” Obama said that the “central focus for this summit is  getting the international community on the path in which we are locking  down that nuclear material in a very specific time frame with a specific  work plan,” Politico reported in 2010.

    In late July 2010, The National Research  Council released a report titled, Nuclear Forensics: A Capability at Risk. The report outlined the fact that the United States is no longer able to track nukes threatening our shores! Gordon Duff, writing for Veterans Today, speculated that this was a cover that could be used in the event of a false flag nuclear attack:

    “A powerful group within the United States, one with influence over  the  press and the ability to derail an investigation as was done with  9/11,  has been “tasked” with laying the groundwork for a terrorist  attack on  America, one using nuclear material.”

    In the same article Gordon wrote about a somewhat unknown raid that took place in Indiana that he believes was related to smuggled nuclear weapons. “Another piece of the puzzle involved a federal task force, Defense, Energy, FBI, descending on a warehouse in Greenfield, Indiana under the guise of a “records search.”  This “Waco style” assault on a facility storing furniture for college dorm rooms was much more than it seemed. No case, criminal or civil, provided any underlying reason for the   search.”

    In 2002, World Net Daily reported on a book by an FBI consult that claimed that Osama Bin Laden had bought 20 suitcase nukes from KGB agents in 1998!

    A new book by an FBI consultant on international   terrorism says Osama  bin Laden’s al-Qaida terrorist network purchased   20 suitcase nuclear  weapons from former KGB agents in 1998 for $30 million.

    The book,“Al Qaeda: Brotherhood of Terror,” by Paul L. Williams, also says this deal was one of at least three in the last decade in which al-Qaida purchased small nuclear weapons or weapons-grade nuclear uranium.

    Obviously this book was one of the first attempts to implant the  possibility of Al Qaeda nuking the U.S. into the minds of the American  people. And then there is the now infamous 2007 Minot Air Force Base  fiasco which  involved nuclear weapons that were apparently missing for  up to 36 hours.

    “According to a wide range of  reports,  several nuclear bombs were  “lost”  for 36 hours after taking off   August 29/30, 2007 on a  “cross-country  journey” across the U.S.,   from U.S.A.F Base Minot in  North Dakota to  U.S.A.F. Base   Barksdale in Louisiana.

    Reportedly, in total there were  six  W80-1  nuclear warheads armed on  AGM-129 Advanced Cruise Missiles   (ACMs) that  were “lost.” The story  was first reported by the Military Times, after military servicemen leaked the story,” reported Mahdi Darius  Nazemroaya.

    Drills
    Hundreds of large scale simulated nuclear drills have taken place in America and abroad during the last ten years. One of the more ominous drills, TopOff 4, took place in Portland Oregon. The exercise simulated a large scale dirty bomb attack in the heart of downtown Portland.


    The Oregon fact sheet on the exercise read like a Hollywood movie.
    Remember we have lost most of our freedom due to the threat of terrorism yet we are supposed to believe that cave dwelling terrorists can outmaneuver multiple western intelligence agencies.

    The T4 full-scale exercise is based on National Planning Scenario 11  (NPS-11). Terrorists have planned attacks in Oregon, Arizona, and the  U.S. Territory of Guam. They have brought radioactive material into the  United States.

    The first of three coordinated attacks occurs in Guam,  with the detonation of a Radiological Dispersal Device (RDD), or “dirty  bomb,” causing casualties and widespread contamination in a populous  area. Within hours, similar attacks occur in Portland and Phoenix.

    Interestingly enough, the drill took place at the same time as Vigilant Shield, a massive operation which simulated detonation of three radiological dispersal devices within the  USNORTHCOM and U.S. Pacific Command areas of responsibility.

    A quick search of the internet will reveal hundreds of similar drills in numerous different cities all with the same mind set. A mind set that is based off the false premise that terrorists can obtain nuclear material without the help of major governments.

    … for the full article click here!

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May 30, 2011 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Alex Thomas: The Stage Is Set For a Nuclear False Flag!

Jim Sinclair: The Long Anticipated Rock And Hard Place Is Here And Now!

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  • Maestro, Mr. Gold Jim Sinclair is sending out this warning about the coming collapse. Better be prepared, read and understand long and hard. A period of economic calamities is coming! Got physical gold/silver yet?

    The Long Anticipated Rock And Hard Place Is Here And Now
    Long speculated upon in our community, the rock and the hard place has finally become a reality. An economy not accelerating at an accelerating rate is declining at an accelerating rate. The mirage of a recovery is getting harder and harder to MOPE about. It simply is not there. We are entering a declining phase that will not end in any kind of a soft landing.

    Stimulation monetarily, QE, and fiscal are like controlled substances in that the real high is on the first injection. After that, each additional stimulation of an economy must be multiples of the first stimulation in ever increasing size just in order to hold the line. QE3 is guaranteed unless the powers that be want to see a depression that will make the Great Depression look like kindergarten in the pain department.

    This week we saw a European Bank forced to sell their US mortgage derivatives and the loss was a shocker. These pieces of crap are not worth the digital bits they are written on. Smart money has not let this event pass their view, and know now how broke the US financial system really is. This event broke the camouflage of FASB’s selling their souls out to politics by allowing the banks to value their mortgage derivatives at any price the bank wanted on the bank’s cartoon balance sheets. The western balance sheets of their financial institutions are raging misstatements. The system is broke. This is why there is no recovery of merit but rather a statistical aberration, which was until recently only holding the line.

    Here we are at that place we have anticipated for the past 45 years knowing that all the games being played had to play out at that point where super stimulation had no effect and it became totally appreciated that even many trillions of printed money will only impact the currency and not business.

    The rock and the hard place is a time when the Western World is simply screwed.

    The risk of not stimulating is stagflation at a spiritual level. The risk of stimulating is stagflation at a spiritual level. The risk of doing nothing is both an economic and currency collapse of biblical proportions. This is what the three illustrations of the skier teach. Should the Fed lose control of this, which is predictable, then currency induced cost push inflation would take gold to Martin Armstrong’s $12,500.

    The odds are 70/30 right now that hyperinflation occurs. That takes gold over $1650. If the odds shift then gold starts a run to balance the International Balance Sheet of the USA and will secure Martin Armstrong’s target of $12,500.

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May 30, 2011 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Jim Sinclair: The Long Anticipated Rock And Hard Place Is Here And Now!

UN Sees Risk of Crisis of Confidence in U.S. Dollar!

  • The world is heading towards a global currency crisis! It will rock the foundation of the unbacked fiat currency system. All major currencies will collapse: USD, Euro, JPY, UKP … Minor currencies will not survive! The series of monetary earthquakes can start as early as this summer! Got physical gold/silver yet?

    UN sees risk of crisis of confidence in U.S. dollar
    By Patrick Worsnip, Reuters
    UNITED NATIONS – The United Nations warned on Wednesday of a possible crisis of confidence in, and even a “collapse” of, the U.S. dollar if its value against other currencies continued to decline. In a mid-year review of the world economy, the UN economic division said such a development, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.


    The report, an update of the UN “World Economic Situation and Prospects 2011” report first issued in December, noted that the dollar exchange rate against a basket of other key currencies had reached its lowest level since the 1970s.

    This trend, it said, had recently been driven in part by interest rate differentials between the United States and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners.

    “As a result, further (expected) losses of the book value of the vast foreign reserve holdings could trigger a crisis of confidence in the reserve currency, which would put the entire global financial system at risk,” it said. The 17-page report referred at another point to the “still looming risk of a collapse of the United States dollar.”

    Rob Vos, a senior UN economist involved with the report, said if emerging markets “massively start selling off dollars, then you can have this risk of a slide in the dollar. “We’re not saying the collapse is imminent, but the factors are further building up that we could quickly come to that stage if other things are not improving quickly on other fronts — like the risk of the U.S. not being able to service its obligations,” he told Reuters.

    UN economists have for some time queried whether the dollar should continue to be the world’s sole reserve currency. Others have also expressed concerns about U.S. finances. Standard & Poor’s threatened on April 18 to downgrade the United States’ prized AAA credit rating unless the Obama administration and Congress found a way to slash the yawning federal budget deficit within two years.

    … for the full article click here!

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May 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off on UN Sees Risk of Crisis of Confidence in U.S. Dollar!

James Turk: $8,000 Gold and $400 Silver By 2013 – 2015! The Road To Hyperinflation!

May 30, 2011 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on James Turk: $8,000 Gold and $400 Silver By 2013 – 2015! The Road To Hyperinflation!

Bob Chapman: The FedRes Behind The Greatest Fraud In History!

May 30, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: The FedRes Behind The Greatest Fraud In History!

Bob Chapman: Greece, Spain & Europe Will Be “In Flames” By End October 2011 !

May 30, 2011 Posted by | Economics | , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Greece, Spain & Europe Will Be “In Flames” By End October 2011 !

Palestinian Families Evicted And Made Homeless So New Israeli Settlers Can Move In! Woman Head Butted By Policeman After Eviction!

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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May 30, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off on Palestinian Families Evicted And Made Homeless So New Israeli Settlers Can Move In! Woman Head Butted By Policeman After Eviction!