Socio-Economics History Blog

Socio-Economics & History Commentary

9/11: More Proof of Bombs Planted in The Towers!!

August 30, 2011 Posted by | History | , , , , , , | Comments Off

9/11: Analysis of North Tower Controlled Demolition!

August 30, 2011 Posted by | History | , , , , , , | Comments Off

There Is Fire In The Eurozone, Things Are Going To Explode! Engineered Crisis For More Centralization of Power!

  • This coming sovereign debt collapse is a deliberately engineered situation by Illuminist banksters. They employ the Hegelian Dialectic of: Engineered Problem, wait for the Reaction and deliver their Pre-Planned Solution. They cause the problem and then use the reaction of the sheeple to herd them into the Illuminists’ pre-planned solution.
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  • In the herding of the sheeple, the Illuminists employ massive amounts of fear. Fear will cause the sheeple to give up on many of their rights and look for a savior to save them. The Illuminist wolf in sheep clothing will be standing at the door posing as savior. It is all a SCAM. All scams are based on deception and mis-direction! (emphasis mine)
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    Riots, panic and meltdown in financial markets…To the Eurofanatics it’s just another BENEFICIAL CRISIS!
    By Gwyn Prins, http://www.dailymail.co.uk/home/index.html
    … At times it reached far higher levels than when I wrote in this newspaper three weeks ago that the European Central Bank (ECB) had experienced its ‘1931’ moment and had lost credibility as the lender of last resort.
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    Since then the ECB has become a ‘bad bank’. It has only limited resources, yet has spent billions a week buying Spanish and Italian bonds to save their  economies. It is not just economies – Europe’s private-sector banks are also under immense strain and the ECB is expected to help them as well.
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    Make no mistake, there is fire in the eurozone. And sooner or later, things are going to explode.
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    It might come as a surprise, then, after such turmoil in the financial world and the ugly riots in the streets of Athens, to realise that in the eyes of those Eurocrats who inhabit the Brussels bubble, things are going pretty well.
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    That’s because the present euro crisis is an inevitable consequence of a deliberate choice. For them it is all part of a greater long-term project: a ‘beneficial crisis’ that will help hasten their ultimate goal of a federal European state.
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    This is not fanciful mischief making. Would that it were! One powerful Eurocrat, who is today at the epicentre of EU affairs, once described to me the three great crises the EU has experienced since 1991 in exactly these terms.
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    The first was the rejection of the EU Constitution in France, the Netherlands and Ireland. Ultimately, of course, the Eurocrats repackaged the document to be incomprehensible (as the constitution’s author, former President Giscard d’Estaing, openly admitted). It was then imposed as the ‘Lisbon Treaty’ with the Irish forced to vote again to give the ‘right’ answer.
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    The second crisis was over the endlessly intrusive EU climate policy. It was intended to make Europeans love the ‘Environment Union’, but it actually created corruption, bureaucracy, fake markets and the repeatedly collapsing Emissions Trading Scheme.
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    The third crisis is the big one: the euro. All three, my Eurocrat suggested, were ‘beneficial’ in that they had all resulted in ‘more Europe’. The root of our present collective peril lies in the fact that the euro single currency was consciously created to produce just such ‘beneficial crises’.
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    Any competent economic historian will tell you there has never been a successful ‘fiat’ (non-gold-based) currency unless it is underpinned by a unitary state, with unitary fiscal policies. They will also quote the golden rule:  ‘Never play politics with currencies: currencies bite back.’
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    The ‘Godfather’ of the euro, Jacques Delors, and his colleagues knew all this perfectly well. But the euro was always intended – slowly but inevitably – to generate successive crises to force the EU states to override their citizens and surrender sovereign control to Brussels.
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    This is how for 80 years single-minded dreamers have planned to build the federal state that the ignorant people of Europe so annoyingly refused to grant them freely. The tactic has its origins in a forgotten episode of European history.
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    And this tactic has worked, exclaimed my Eurocrat. The result of ‘beneficial crises’ over the past 60 years has always been ‘more Europe’. He also used another image for me, and a telling one: ‘To get a horse to jump a hedge, you have to frighten it.’
    ….
    The certainty of a euro explosion is why Angela Merkel and Nicolas Sarkozy, appearing before the world’s Press earlier this month, looked like rabbits trapped in the headlights of a crisis spinning out of their control. They announced proposals for a ‘true European economic government’ that turned out to be nothing of the sort. Instead, their plans for a tax on financial transactions spooked the markets.
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    Like their predecessors in 1931, they were trying to pretend at all costs that a bust financial system was not bust. But at what cost? History tells us that similar policies in the Thirties caused extreme deflation and the Depression. In Germany, the Nazis thrived. From 1932 to 1938, most of southern Europe went fascist.
    ….
    Are these ‘beneficial crises’ so cynically fostered, so consistently and for so long, now unintentionally beckoning to the shadows once again? It is not just the euro at stake, but much deeper and darker things too.

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August 30, 2011 Posted by | Economics | , , , , , , | Comments Off

International Monetary Research Says “Eurozone Break-Up Certain”!

  • It is a question of when (and not whether) the Eurozone will collapse! September and October are usually the months when financial calamity strikes! Make sure you take cover and get out of harm’s way into gold.
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    International Monetary Research says “Eurozone Break-Up Certain”; I say Embrace the Fact “Banks Cannot Be Saved” 
    by Mish Shedlock, http://globaleconomicanalysis.blogspot.com/
    …. Tim Congdon from International Monetary Research said it is folly to force Europe’s banks to raise money too quickly or crystallize losses abruptly. This will cause a monetary implosion and a repeat of the 2008 disaster.
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    He said the ECB’s restrictive policies over the last 18 months and the lack of EMU fiscal union have doomed the euro to certain break-up. “It cannot be saved. Banks will suffer large losses,” he said.
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    Embrace the Fact “Banks Cannot Be Saved”
    This mess cannot be saved. Tim Condgon bemoans the fact. I say, embrace the fact!  Tim Congdon wants to kick the can down the road. Christine Lagarde is clearly angling for more taxpayer bailouts.
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    Just what the hell does it take for people to realize that throwing more money down the drain cannot solve a damn thing? Banks are going to take losses. That means bondholders are going to take losses. It is nonsensical to assume anything but that. It is equally nonsensical to suggest there is a way around it. The sooner we embrace the simple facts of the matter, the better off everyone but the bondholders will be.
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    Attempts to shove more bailouts on the backs of already over-leveraged taxpayers will stunt the recovery for years more to come.

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August 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Finland’s Demands for Collateral Could Leave Greek Bailout in Ruins!

Demands for collateral could leave Greek bailout in ruins. Above, lightning over the Parthenon temple, on the Acropolis hill in Athens. Photograph: Petros Giannakouris/AP

  • Greece is in the news again. I am not sure how they can get out of defaulting on their debts. Greece by itself will not bring down the Eurozone. It is the contagion effect that will allow a Greek default to ignite the sovereign debt bomb fuse! It can happen any day now! (emphasis mine)
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    Finland’s demands for collateral could leave Greek bailout in ruins
    by Heather Stewart, The Observerhttp://www.guardian.co.uk/
    … as September rolls around and the beaches clear, Greece is once again the focus of financial markets’ fears. In July, Athens secured a second bailout package worth €109bn (£96bn), which involved “haircuts” for holders of Greek debt, and contributions from its eurozone neighbours.
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    Both parts of that deal now look distinctly shaky. Finland, where the anti-European True Finns party scored well in recent elections, has demanded that Athens put up collateral against the Finnish share of the latest loan.
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    Other small but angry nations, including Austria, Slovenia and Slovakia, responded by saying that if Finland was getting collateral, they wanted some too. Eurozone finance ministers were discussing the issue this weekend; but the Finns appear reluctant to back down.
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    When questions emerged about what collateral Athens has left, given the €50bn privatisation plans it has already signed up to as a condition of the bailout, one Finnish minister reportedly said they would accept assets already earmarked for privatisation. Great swathes of Greek infrastructure are up for sale, from airports to casinos.
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    Setting aside collateral will reduce Greece’s room for manoeuvre by tying up its assets; but, much more importantly, the row has laid bare the disarray in the eurozone. “At every step, we’re seeing the authorities pushed back further,” says Neil Mellor, of BNY Mellon. “It’s fire-fighting, pure and simple, and it’s not obvious what happens next.”
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    The resulting alarm among investors sent the yield on Greek bonds – the interest rate the government would have to pay to borrow in the open markets – back to record highs last week. It’s as if the July rescue never happened – and it raises doubts about other elements of the emergency deal agreed at the time, including the new role of the European Financial Stability Facility (EFSF), which Sarkozy suggested was a fledgling European International Monetary Fund. Changes to the EFSF need to be agreed by all member governments, and the squabble about collateral underlines the wide political divergences across the single currency zone.
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    The “voluntary” bond swap at the heart of the bailout also appeared to be in doubt this weekend, after Greece said it would pull out unless 90% of its creditors – mainly European banks – agreed to take part. Greek banks start reporting their results this week, and with government bonds making up much of their capital, they are expected to warn of losses of up to €5bn if the haircuts go ahead.
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    Greek banks have also suffered rapid declines in deposits in recent months, as consumers withdraw savings to spend, and wealthy Greeks squirrel away their assets in safe havens abroad.
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    This fresh outbreak of the jitters is happening against a sharp deterioration in the economic outlook right across the continent. Even in Germany, GDP growth has slowed to a crawl, and business confidence has plunged. The latest round of tax rises and spending cuts, with France, Spain and Italy all announcing new fiscal tightening since the beginning of August, are only likely to depress growth yet further.
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    In Greece, weaker growth could mean the fiscal sums no longer add up. Analysts are beginning to speculate that even after passing a highly contentious package of austerity measures in June, the government could miss its deficit reduction targets.
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    “There are signs that the Greek deficit is still not on track, despite the latest package that was agreed in July,” said Julian Callow, of Barclays Capital. Athens’ tax and spending plans are based on the assumption that the economy will contract by 4.5% this year. That is a catastrophic recession by any standard but it now looks too optimistic: Callow expects a contraction of 5.5%, perhaps even 6%.
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    Europe’s sovereign debt crisis is far from over. It’s not clear exactly what will spark the next outbreak of panic in financial markets but, with the banks due to report, the Finns digging their heels in, and the IMF flying in to assess Athens’ compliance with its fiscal targets in the next few days, Greece looks like a pretty good bet.
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    As Callow says, “Greece is really the epicentre right now, and has a lot of capacity to be a very negative force for financial markets in Europe in the weeks ahead, if things don’t go exactly according to plan.”

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August 30, 2011 Posted by | Economics | , , , , , , | Comments Off

Eurozone Bank Deposits and “Black Mail” Point to More Crisis!

RIP: Rest In Pieces

  • All the indicators of an imminent banking/financial system meltdown are there. There are silent bank runs in the PIIGS, where money is flowing out of them into safe haven countries like Switzerland. Don’t be taken for a ride. Things are not improving but are getting worse at an accelerating pace. The Euro is about to collapse. The Eurozone experiment about to end! (emphasis mine)
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    Bank Deposits and “Black Mail” Point to More Crisis
    by Justice Litle, Editor, Taipan Publishing Group
    As bank deposits flow from Greece to Switzerland, the odds of another crisis flare-up in Europe look assured. “Follow the money” is an old and wise adage. To understand what’s happening in Europe — and why there is more trouble ahead — we can follow the money literally. I’m talking specifically about depositor money in banks. As the WSJ reported last week:
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    Greece’s worsening slump is threatening to compound another risk for the country: the steady withdrawal of money from Greek banks.
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    In the last 20 months, the country’s banks have suffered an unprecedented withdrawal of customer deposits. Tens of thousands of Greeks — from the well-heeled to the less well-off — have moved their savings out of the country or stashed the cash in safe-deposit boxes or under a mattress, bankers say…
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    As the Greek banks lose deposits, they also lose liquidity. This makes it even harder to lend, in an economy gripped by deep recession. According to the Greek central bank, a third of the funds withdrawn have gone abroad. One could safely consider that a low-end estimate, as the central bank has reason to be conservative. The higher the percentage of funds flowing across borders, the worse things look.

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    Why are Greeks pulling cash from the banks? Because they don’t know what will happen to the banks… or to the country in general. Greece has lost control of its fiscal fate. The terms of a Greek bailout, previously thought settled, have been upended again by demands for collateral. Following the money further: While Greek banks can’t hold on to cash, Swiss banks are seeing too much cash. Via Marketwatch:
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    [Swiss bank UBS] said it may shortly begin to levy a temporary charge on Swiss franc deposits as a way of encouraging its bank customers to keep their cash in the surging Swiss currency as low as possible.
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    The bank said in a statement distributed by Swift earlier Friday that “in view of the prevailing market conditions which in particular affect the Swiss franc, we are closely monitoring the development of the CHF cash balances maintained in current accounts of our CHF cash clearing customers.”
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    The Swiss have been here before. In the 1970s the Swiss National Bank (SNB) imposed “negative” interest rates, meaning holders of Swiss francs had to pay a charge to stay in the currency.

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    Now the futures markets — where currency contracts trade on forward months — are predicting “negative” rate conditions until 2013! It is “Alice in Wonderland economics,” writes Gillian Tett of the Financial Times.
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    The strength of the franc is a major burden for Switzerland as a country. When a currency shoots up in value for artificial reasons — because of buying pressure not related to exports — the export sector of the country suffers. Swiss goods and services become less competitive on the world market. Traveling to Switzerland becomes cartoonishly expensive (due to out-of-whack exchange rates). Over time, the result can be recession and deflation.
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    Money keeps flowing out of places like Greece, and into places like Switzerland, because of uncertainty and ongoing crisis. European banks are dancing on the edge of a precipice. The eurozone experiment is headed for crack-up. And Europe’s leaders show no sign of averting disaster.
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    Take German Chancellor Angela Merkel for example. In a political speech on Friday, Merkel accused the financial markets of “trying to blackmail states,” encouraging “countries that are highly indebted to really do their homework and get their debt down.” And as for euro bonds, Merkel adds: “That’s where we have to put up a clear stop sign and say we won’t do that.”
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    In Germany’s terrible choice, we wrote of how Germany had to embrace a wide-scale solution like euro bonds, or risk letting the whole euro currency project break apart. With euro bonds so firmly off the table, the internal health of European banks unknown, and bailout agreements coming under new pressure, it is only a matter of time before a new crisis wave comes barreling out of Europe. Stay prepared.

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August 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Alex Jones: Secret Government UFOs, Massive Flying Triangle Troop Carriers, Holographic Projectors, Faked 2nd Coming & Alien Invasion, Star Trek Technology, Human Cloning ….

August 30, 2011 Posted by | Science & Technology | , , , , | 1 Comment

Mike Adams: Exposes Vaccine Industry Ties to Military Involvement with Institute of Medicine!

  • NaturalNews exposes secret vaccine industry ties and military involvement with Institute of Medicine, reveals fatal conflicts of interest at IoM
    by Mike Adams, the Health Ranger, Editor of NaturalNews.com
    (NaturalNews) The Institute of Medicine is suddenly in the news following the release of its vaccine “adverse events” research which found that MMR vaccines actually cause measles, seizures and anaphylactic shock. The old media predictably distorted the story and used it to deceptively announce that “vaccines are not linked to autism!”
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    In falsely reporting this study from the IoM, however, the old media reporters never bothered to even read the adverse reactions report. Nor did they ask a few simple questions such as “Who is funding the Institute of Medicine? And what is the agenda of the IoM?”
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    Today, NaturalNews publishes a stunning story about the IoM which reveals this government-created non-profit to be a key player in the military medical complex involving a shady network of weapons manufacturers, the Department of Homeland Security, top pharmaceutical companies and population control globalists such as Bill Gates.
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    Here, we expose who’s giving the IoM money and why the actual sources of funding behind the IoM destroy any credibility it once claimed to have on the subject of public health.
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    We’ve already published the first honest assessment of the IoM’s report in a news item posted yesterday: http://www.naturalnews.com/033447_I…
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    That story takes an honest investigative look at the IoM and what its report really says. The old “dinosaur” media, as usual, has predictably twisted this story around and falsely claimed that it gives vaccines a clean bill of health. Only NaturalNews (and other alternative media organizations) dares tell the truth while questioning the IoM’s financial ties and funding sources. The entire mainstream media blindly accepts the IoM’s “authority” as beyond reproach, neglecting to conduct basic journalism and follow the money as NaturalNews is doing.
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    By the way, you can view the IoM’s full report for yourself at:
    http://naturalnews.com/files/Advers…
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    Why does the truth about the Institute of Medicine really matter?Because the IoM is positioned by the federal government as an independent, “prestigious” organization whose decisions are based on scientific facts. When the U.S. government rolls out its upcoming mandatory vaccination requirements, it will cite the Institute of Medicine as the source that said vaccines were safe (even though that’s a lie).
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    The FDA, for example, cites the Institute of Medicine is setting its own vaccine policies (http://www.fda.gov/BiologicsBloodVa…). The USDA also turns to the IoM for its recommendations on things like school lunch programs http://www.fns.usda.gov/cga/pressre…).
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    Even more to the point, President Obama’s recent demand that health insurance companies pay for birth control medication was based on the Institute of Medicine’s recommendation (http://www.lifenews.com/2011/08/01/…). It was the IoM that put forth the guidelines to “require new health insurance plans to cover women’s preventive services” including “FDA-approved contraception methods and contraceptive counseling.”
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    Even the CDC commissioned the IoM to study the control of viral hepatitis infections, after which the CDC quickly advised that all infants should be injected with multiple hepatitis vaccines “…as soon as they are stable and washed.” In this same set of recommendations, the IoM advised that students who are not vaccinated against hepatitis B should not be allowed to attend school. (http://www.cdc.gov/hepatitis/IOMnew…)
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    The IoM, in other words, is the go-to organization for the setting of government health policy. Never mind the fact that the IoM is two-thirds funded by government itself and also takes money from the world’s top vaccine manufacturers. The conflicts of interest within the IoM are not merely notable, but severe conflicts of interest. They are so prominent, in fact, that no person in their right mind should believe a word the IoM says about vaccines, yet both the government and the mainstream media is positioning the IoM as (somehow) being a trustworthy independent non-profit that tells the truth about vaccines.
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    Even the Washington Legal Foundation (http://www.wlf.org), a group that advocates free choice in health care (and personal freedom in general), charged that the FDA could not legally accept recommendations from the Institute of Medicine because the committee members put forth by the IoM did not meet the lawful requirement of being “fairly balanced.”
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    “Using advice from a committee that lacks fair balance encroaches upon Congress’ mandate that each Advisory Committee should be representative of a broad range of viewpoints and should include affected individuals,” said WLF Chief Counsel Richard Samp after filing WLF’s Citizen Petition. (http://www.policymed.com/2011/07/in…)
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    This is where the danger really lies. Everybody else in government listens to the IoM and usually adopts its recommendations as public health policy. And yet the IoM is actually run and financed by a complex network of globalists and vaccine promoters, as you’ll see below.
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    Because of the IoM’s unchallenged influence in setting public health policy, we are all being set up for a military-run mass vaccination campaign funded in part by the Department of Homeland Security and the Department of Defense, and relying on vaccine-tracking information technology from companies like Northrup Grumman, a weapons manufacturer with a history of illegal international arms trafficking. (More details below.)
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    This is what vaccines have become in America today: A military agenda against the People. And the IoM sits at the hub of influence for this diabolical command center. This is all explained in more detail in the rest of this story, as well as in upcoming stories about the IoM slated for publication here on
    NaturalNews.
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    … for the full article click here!

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August 30, 2011 Posted by | Economics, Medicine & Health | , , , , , | 1 Comment

DebtEnd: Euro Needs Surgery, Not Pills & Plasters!

August 30, 2011 Posted by | Economics | , , , , , , , | Comments Off

War for Africa: ‘Libya Key To New US Bases, Cheap Labor & Resources’!

August 30, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off

Will Al-CIAda get Libyan WMD? Yes!

August 30, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off

INTENSE HAARP RING in Hurricane Irene = Weather Modification!

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August 30, 2011 Posted by | Disaster, Science & Technology | , | Comments Off

   

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