Socio-Economics History Blog

Socio-Economics & History Commentary

Debt Collapse: The Case For $20,000oz Gold !

August 16, 2011 Posted by | Economics | , , , , , , , | Comments Off

NATO Missiles Targeted Children’s Hospital in Zlitan, Libyan Town, Killed 50 Children!

August 16, 2011 Posted by | GeoPolitics | , , , , | Comments Off

Lew Rockwell: Death of The Dollar!

August 16, 2011 Posted by | Economics | , , , , , , , , | Comments Off

NATO’S Massacre at Majer, Libya! NATO’s Air Strikes Killed 85 People, Including 33 Children, 32 Women and 20 Men!

“Military men are dumb, stupid animals to be used as pawns for foreign policy.” ~ Henry Kissinger (Committee of 300). Picture source: http://www.globalresearch.ca/

  • War crimes are being committed in Libya. These are the same criminal acts by the western Illuminist Anglo-American MIC in Iraq and Afghanistan. The attacks on Libya are illegal under international laws. The same pretext (lies) are being used: humanitarian responsibility to protect. This is just mass murder using falsehood where the victims are aggressors and aggressors are victims!
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    NATO’S Massacre at Majer, Libya! NATO’s Air Strikes Killed 85 People, Including 33 Children, 32 Women and 20 Men!
    By FRANKLIN LAMB, Majer, Libya, August 12, 2011, http://www.uruknet.de/
    Located about 20 miles east of the ancient Roman city of Leptis Magna, six miles south of Zliten, and off Libya’s southern coast across the Mediterranean from Rome, Majer was a picturesque village known for the fine quality of its dates and is claimed by locals to produce the best tarbuni (date juice) in Libya.

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    Family members, eyewitnesses and Libyan government officials claim that NATO’s air-strikes at Majer killed 85 people, including 33 children, 32 women and 20 men. Reporters and visitors were shown 30 of the bodies in a local morgue, including a mother and two children. Officials and residents explained that approximately 50 bodies were taken to other locations for family burial and most of the injured rushed to hospitals at Tripoli.
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    At Majer, NATO chose to bomb three neighboring compounds and visitors examined a total of five bombed-out houses. There was no evidence of weapons at the farmhouses, but rather mattresses, clothes and books littered the area. One badly injured 15-year old young lady, Salwa Ageil Al Jaoud, had earlier written her name inside one notebook found amidst the rubble. She was later visited in hospital and attested, like the witnesses at Qana had, that there was no military presence in the homes that were bombed.
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    NATO used the same tactic that Israel used during the two Qana massacres. After the first three bombs dropped at around 11:00 pm (2100 GMT) on Monday, August 8, many residents of the area ran to the bombed houses to try to save their loved ones. NATO then instantly struck with more bombs slaughtering 85 Libyans.
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    The badly burned and mangled bodies of two boys named Adil Moayed Gafes and Aynan Gafees were pulled from the rubble by family members deeply in shock. One anguished gentleman repeated the words, “”There is no God but Allah, and a martyr is loved by Allah,” and soon others joined in.
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    Standing on a pile of rubble, Libyan government spokesman, Moussa Ibrahim, declared, “This is a crime beyond imagination. Everything about this place is civilian!”
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    According to Libyan officials interviewed at the Rixos Hotel here in Tripoli last night, NATO attacked Majer “to try to help rebel fighters enter the government-held city from the south as it deepens its involvement and military command and control of one side in what has become a civil war hoping for billions of dollars in reconstruction contracts and special oil deals from its chosen team set up in eastern Libya.”
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    Seemingly borrowing a page from the Israeli army media office, NATO’s Carmen Romero, the NATO Deputy Spokesperson and Colonel Roland Lavoie, Operation ”Unified Protector” military spokesperson on 8/9/11 told a joint Brussels-Naples news conference that “the village bombed contained a military assembly area and that NATO to date had no evidence of any civilian casualties but that NATO always takes extraordinary measures to assure the safety of civilians.”
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    It is predictable, that as the evidence of the massacre at Majer becomes public and NATO is pressed to explain the killing of yet more Libya civilians, NATO, probably within the next 48 hours, will announce “an internal investigation” into the events at Majer while asserting in advance, as the Israelis regularly do, that their bombing was only directed at “legitimate military targets.”
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    …. for the full article click here!

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August 16, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off

Merkel And Sarkozy in Euro Make-or-Break Crisis Talks!

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  • The idea that France and Germany, the 2 biggest economies in the Eurozone, can bailout the PIIGS is ludicrous. Both countries will be bankrupt should they attempt to do so. A saner plan is to break up the Eurozone and allow countries to print their own currencies. Of course, this will be a step backwards for the Illuminists. They will attempt to hold things together but knowing that failure is a certainty, they will lay the seeds needed for a Eurozone 2.0 out of the ensuing chaos. What we will see after the collapse of the Eurozone is the rising of the 10 Horn Beast of Revelation 17:
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    Revelation 17:12-13 New King James Version (NKJV)
    12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast.
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  • What is not so obvious is the coming fulfilment of the following:
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    Daniel 7:7-8 New King James Version (NKJV)
    7 “After this I saw in the night visions, and behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns. 8 I was considering the horns, and there was another horn, a little one, coming up among them, before whom three of the first horns were plucked out by the roots. And there, in this horn, were eyes like the eyes of a man, and a mouth speaking pompous words.
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  • All the talk about the breakup of the Eurozone into 2 entities: a Core (or Nordic) Euro and a Mediterranean (or Southern) Euro are perhaps leading to the fulfilment of the above prophecy. It appears the Core Euro group will consist of at least 2 entities ie. France and Germany. Both countries are Rothschild Satanic Bloodline feifdom. Which country will be the 3rd nation? (Switzerland? Italy?..) The Anti-Christ, the European leader will arise from these 3 countries!
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  • Merkel and Sarkozy in euro make-or-break crisis talks
    By Hugo Duncan, http://www.dailymail.co.uk/ , 15th August 2011
    Nicolas Sarkozy and Angela Merkel will tomorrow try to thrash out a plan to tackle the financial crisis in the eurozone. The French and German leaders meet in Paris for what is being billed as a make or break summit for the euro. There are persistent doubts in financial markets over Europe’s ability to solve its sovereign debt crisis.
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    French bank shares were hammered this week and speculation mounted that France will lose its AAA credit rating as the debt crisis entered a damaging new phase. Investors fear a continuation of the panic selling which has wreaked havoc on global stockmarkets over the past fortnight and knocked £191billion off the value of the UK’s top 100 companies. Hopes are pinned on tomorrow’s crucial meeting at which President Sarkozy and Chancellor Merkel will be under pressure to come up with a plan to make the eurozone function properly.
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    The two leaders also look set to discuss the need for a coordinated economic policy in the single currency bloc, the launch of a euro bond, and proposals to expand the region’s emergency bailout fund. It is hoped that a euro bond – or IOU issued by governments – will lower borrowing costs in stricken countries such as Greece but it will raise them in France and Germany. Paris and Berlin have so far been reluctant to support euro bonds or finance a bigger rescue pot having already bailed out Greece, Ireland and Portugal.
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    But the €440billion fund is not big enough to help Italy or Spain should either country need a bailout. Economists warned that without a euro bond and a bigger bailout fund, the single currency will collapse. Robert Zoellick, president of the World Bank, warned yesterday that world markets have entered a ‘new danger zone’ and said investors had lost confidence in the economic leadership of several key countries.
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    Reports suggest that Mr Sarkozy will push for the eurozone to issue new bonds backed by all 17 member states which could be used to refinance the individual debts issued by troubled countries.

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August 16, 2011 Posted by | Economics | , , , , , , , , , , | Comments Off

We’ve Been Warned: The System is Ready To Blow!

  • The sheeple are pretty much asleep despite all the warning signs. If things are getting better, why did Robert Zoellick head of the World Bank warned about ‘the global economy entering a new danger zone’? What happened during the past 2 weeks was only a 5.0 magnitude financial earthquake. The ‘quakes’ will get larger and larger until the entire system collapse. I expect the next one to hit by end September. The world is heading towards a global economic, financial and monetary meltdown! Got gold yet?
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    We’ve been warned: the system is ready to blow
    by  , guardian.co.uk 
    Only a new way of managing the global economy can prevent more mayhem in the markets and on the streets
    … To understand the mess we are in, it’s important to know how we got here. Today marks the 40th anniversary of Richard Nixon’s announcement that America was suspending the convertibility of the dollar into gold at $35 an ounce. Speculative attacks on the dollar had begun in the late 1960s as concerns mounted over America’s rising trade deficit and the cost of the Vietnam war. Other countries were increasingly reluctant to take dollars in payment and demanded gold instead. Nixon called time on the Bretton Woods system of fixed but adjustable exchange rates, under which countries could use capital controls in order to stimulate their economies without fear of a run on their currency. It was also an era in which protectionist measures were used quite liberally: Nixon announced on 15 August 1971 that he was imposing a 10% tax on all imports into the US.
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    Four decades on, it is hard not to feel nostalgia for the Bretton Woods system. Imperfect though it was, it acted as an anchor for the global economy for more than a quarter of a century, and allowed individual countries to pursue full employment policies. It was a period devoid of systemic financial crises.
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    Utter mess
    There have been big structural changes in the way the global economy has been managed since 1971, none of them especially beneficial. The fixed exchange rate system has been replaced by a hybrid system in which some currencies are pegged and others float. The currencies in the eurozone, for example, are fixed against each other, but the euro floats against the dollar, the pound and the Swiss franc. The Hong Kong dollar is tied to the US dollar, while Beijing has operated a system under which the yuan is allowed to appreciate against the greenback but at a rate much slower than economic fundamentals would suggest.

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    The system is an utter mess, particularly since almost every country in the world is now seeking to manipulate its currency downwards in order to make exports cheaper and imports dearer. This is clearly not possible. Sir Mervyn King noted last week that the solution to the crisis involved China and Germany reflating their economies so that debtor nations like the US and Britain could export more. Progress on that front has been painfully slow, and will remain so while the global currency system remains so dysfunctional. The solution is either a fully floating system under which countries stop manipulating their currencies or an attempt to recreate a new fixed exchange rate system using a basket of world currencies as its anchor.
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    The break-up of the Bretton Woods system paved the way for the liberalisation of financial markets. This began in the 1970s and picked up speed in the 1980s. Exchange controls were lifted and formal restrictions on credit abandoned. Policymakers were left with only one blunt instrument to control the availability of credit: interest rates.
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    For a while in the late 1980s, the easy availability of money provided the illusion of wealth but there was a shift from a debt-averse world where financial crises were virtually unknown to a debt-sodden world constantly teetering on the brink of banking armageddon.
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    Currency markets lost their anchor in 1971 when the US suspended dollar convertibility. Over the years, financial markets have lost their moral anchor, engaging not just in reckless but fraudulent behaviour. According to the US economist James Galbraith, increased complexity was the cover for blatant and widespread wrongdoing.
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    Looking back at the sub-prime mortgage scandal, in which millions of Americans were mis-sold home loans, Galbraith says there has been a complete breakdown in trust that is impairing the hopes of economic recovery.
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    “There was a private vocabulary, well-known in the industry, covering these loans and related financial products: liars’ loans, Ninja loans (the borrowers had no income, no job or assets), neutron loans (loans that would explode, destroying the people but leaving the buildings intact), toxic waste (the residue of the securitisation process). I suggest that this tells you that those who sold these products knew or suspected that their line of work was not 100% honest. Think of the restaurant where the staff refers to the food as scum, sludge and sewage.”
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    Finally, there has been a big change in the way that the spoils of economic success have been divvied up. Back when Nixon was berating the speculators attacking the dollar peg, there was an implicit social contract under which the individual was guaranteed a job and a decent wage that rose as the economy grew. The fruits of growth were shared with employers, and taxes were recycled into schools, health care and pensions. In return, individuals obeyed the law and encouraged their children to do the same. The assumption was that each generation would have a better life than the last.
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    This implicit social contract has broken down. Growth is less rapid than it was 40 years ago, and the gains have disproportionately gone to companies and the very rich. In the UK, the professional middle classes, particularly in the southeast, are doing fine, but below them in the income scale are people who have become more dependent on debt as their real incomes have stagnated. Next are the people on minimum wage jobs, which have to be topped up by tax credits so they can make ends meet. At the very bottom of the pile are those who are without work, many of them second and third generation unemployed.
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    Deep trouble
    A crisis that has been four decades in the making will not be solved overnight. It will be difficult to recast the global monetary system to ensure that the next few years see gradual recovery rather than depression. Wall Street and the City will resist all attempts at clipping their wings. There is strong ideological resistance to the policies that make decent wages in a full employment economy feasible: capital controls, allowing strong trade unions, wage subsidies, and protectionism.

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    But this is a fork in the road. History suggests there is no iron law of progress and there have been periods when things have got worse not better. Together, the global imbalances, the manic-depressive behaviour of stock markets, the venality of the financial sector, the growing gulf between rich and poor, the high levels of unemployment, the naked consumerism and the riots are telling us something.
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    This is a system in deep trouble and it is waiting to blow.

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August 16, 2011 Posted by | Economics, Social Trends | , , , , , , , , , , | Comments Off

Hollywood & The Music Industry: Predictive Conditioning For The Coming of The Anti-Christ And The Fallen Angels!

  • The mass conditioning of the sheeple for the coming of the fallen angels and the Anti-Christ has begun in earnest. We are getting pretty close to the final 7 years before the 2nd coming of Jesus Christ! Very interesting video!
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    Revelation 12:7-12 New King James Version (NKJV)
    Satan Thrown Out of Heaven   
    7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they did not prevail, nor was a place found for them[a] in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.   
    10 Then I heard a loud voice saying in heaven, “Now salvation, and strength, and the kingdom of our God, and the power of His Christ have come, for the accuser of our brethren, who accused them before our God day and night, has been cast down. 11 And they overcame him by the blood of the Lamb and by the word of their testimony, and they did not love their lives to the death. 12 Therefore rejoice, O heavens, and you who dwell in them! Woe to the inhabitants of the earth and the sea! For the devil has come down to you, having great wrath, because he knows that he has a short time.”

end

August 16, 2011 Posted by | EndTimes, Social Trends | , , , , | 1 Comment

Paul Krugman: America Needs a Manufactured ‘Alien Invasion’ Threat To Revive Economy!

  • I will be conducting a book burning session for all Krugman’s economic books today. So much for monetary and Keynesian economics. Listening to Krugman, you can easily conclude that people who push ‘disaster economics’, ‘creative destruction economics’ are really nutjobs! People who say we need another world war to revive the world economy should be locked up in a sanatorium and not allowed to speak for the rest of their lives!
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    Krugman Calls On Government To Manufacture War To Save Economy
    by Paul Joseph Watson, www.Infowars.com 
    Amidst “alien invasion” rant, many miss the point that NY Times economist was advocating a staged crisis
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    Amidst the melodramatic reaction to economist Paul Krugman’s eyebrow-raising rant about the impact an alien invasion would have on the US economy, many have missed the point, that Krugman was calling on the government to manufacture a staged event or a war to act as a smokescreen for the continued looting of the American people.
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    Krugman, a New York Times writer who is routinely lambasted by the likes of Max Keiser and Gerald Celente for being a stooge for the establishment and an apologist for the Federal Reserve, appeared on CFR luminary Fareed Zakaria’s CNN show to make a seemingly radical argument.
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    “If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better,” remarked Krugman.
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    “There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time…we need it in order to get some fiscal stimulus,” he added.
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    Predictably, subsequent discussion about Krugman’s comments were concentrated around his lurid analogy of an extraterrestrial invasion, while missing the elephant in the living room and the real point of the rant – Krugman’s advocacy for the Obama administration to stage a fake crisis, or indeed a war, in order to ram through its economic agenda.
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    As we have highlighted previously, getting the United States embroiled in another war of global proportions has long been one of the options on the table for the government to bluff its way out of the financial crisis and prevent any effort to fix the fundamental problems that caused the collapse in the first place, in addition to shielding those who profited from it.
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    Back in October 2008 we reported on a RAND Corporation plan to lobby the Pentagon to start a war with a major foreign power, namely China, Iran or Russia, in an attempt to stimulate the American economy and prevent a double-dip recession.
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    Reportedly, the RAND proposal brazenly urged that a new war could be launched to benefit the economy, but stressed that the target country would have to be a major influential power, and not a smaller country on the scale of Afghanistan or Iraq.
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    Numerous different political strategists have called on President Obama to exploit a staged crisis in order to reinvigorate his domestic political agenda as Obama slumps to his his lowest ever approval rating. Every indication shows that Obama is on his way to a landslide defeat in 2012, which is why Democratic strategists have said the only thing that will save his presidency is a domestic terror attack on the scale of Oklahoma City or 9/11.
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    Appearing on Chris Matthews’ MSNBC Hardball show last year, former Clintonite and Democrat operative Mark Penn said Obama needed an OKC bombing-style event to regain his popularity. “Remember, President Clinton reconnected through Oklahoma, right?” said Penn. “And the president right now seems removed. It wasn’t until that speech [after the bombing] that [Clinton] really clicked with the American public. Obama needs a similar defining moment.”
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    Former senior advisor to President Bill Clinton Robert Shapiro echoed similar rhetoric when he wrote in the Financial Times that only an OKC bombing or 9/11 style event could provide Obama with the opportunity to demonstrate that he is a strong leader.
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    “The bottom line here is that Americans don’t believe in President Obama’s leadership,” said Shapiro, adding, “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”

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August 16, 2011 Posted by | Economics, History | , , , , , , , | Comments Off

Flashback 15 August 1971: Lying Weasel Nixon Ends Bretton Woods International Monetary System! Ends Gold Backing for Dollar!

  • Lying weasel Illuminist scum Nixon screwed all of us by removing gold backing for the USD. Since then, all fiat currencies are really a CONfidence Job!
  • Richard Nixon: “.. Bohemian Grove that I attend from time to time .. it is the most faggy goddamned thing you could ever imagine !”

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August 16, 2011 Posted by | Economics, History | , , , , | Comments Off

Marc Faber: All The Central Banks of The World Will Print Money And We Will Have Inflation. The Dollar is a Doomed Currency!

August 16, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

   

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