Socio-Economics History Blog

Socio-Economics & History Commentary

The Khazarian Conspiracy! Illuminist Zionist Banksters And The Protocols of The Learned Elders of Zion Plan To Conquer The World !

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


September 30, 2011 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , | 1 Comment

Webster Tarpley: CIA Speaks Through Al-Qaeda!

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  • The truth is, there is no Islamic army or terrorist group called Al Qaida. And any informed intelligence officer knows this. But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the ‘devil’ only in order to drive the ‘TV watcher’ to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the US and the lobbyists for the US war on terrorism are only interested in making money.”
    Major Pierre-Henri Bunel – Al Qaeda, The Database 
  • Al Qaeda is a Creation of CIA! The Myths of Al Qaeda!
    By Kirwan,
    In George Orwell’s classic “1984,” his world was held together
    by continuous and unending war: In the book his concept was defined by video clips of HATE, broadcast several times a day during which the population (in the novel) was required to watch and rave against the ENEMY. Those who rule this nation now, seek to use Al Qaeda as the 2005 version of the terror created in ‘1984’ by proclaiming the now infamous phrase “Links to Al Qaeda!”

    Since the war began in Afghanistan, the administration has been using this completely damning and completely empty phrase at every opportunity. “Damning ” because the phrase carries all the unspoken horror, and all the unspecified terror that our Bandits want the world to feel – every time there is any activity that the USA disapproves of. “Empty” because nothing, despite Guantanamo and Abu Ghraib, has ever been publicly found, no trials have been held that we know of, and no one has been convicted of being part of Al Qaeda – except the dead. So – What exactly is Al Qaeda?

    Al Qaeda was created by the CIA, in their offices in Washington D.C., According to Richard Clark in his most recent book. It was created for Saudi Arabia to bankroll Osama bin Laden, through the House of Saud, “in the Afghan war against the Soviet Union during the 1980’s and Riyadh and Washington together contributed an estimated $3.5 billion to the mujahideen.”

    “In late 2003, U.S. News & World Report conducted an exhaustive study titled. ‘The Saudi Connection.’ Its findings included the following.” “The evidence was indisputable: Saudi Arabia, America’s longtime ally and the world’s largest oil producer, had somehow become, as a senior Treasury Department official put it, ‘the epicenter’ of terrorist financing’

    Starting in the late 1980’s – after the dual shocks of the Iranian revolution and the Soviet war in Afghanistan – Saudi Arabia’s quasi-official charities became the primary source of the funds for the fast-growing jihad movement. In some twenty countries the money was used to run para-military training camps, purchase weapons, and recruit new members’

    Saudi largess encouraged U.S. officials to look the other way, some veteran intelligence officers say. Billions of dollars in contracts, grants, and salaries have gone to a broad range of former U.S. officials who had dealt with the Saudis: ambassadors, CIA station chiefs, even cabinet secretaries’.

    … for the full article click here!


September 30, 2011 Posted by | GeoPolitics | , , , , , , , , , , , , , | Comments Off on Webster Tarpley: CIA Speaks Through Al-Qaeda!

Doug Casey: How to Prepare for When Money Dies!

Feel Free To Wipe Your Ass With It !

  • The world is heading towards a global currency crisis. I do not believe that only the USD will collapse. I believe that all fiat currencies will become toilet paper via hyperinflation. The progression of this crisis will very likely be: Euro, UKP, JPY … USD. Along the path of currency debasement, the rest of the world’s fiat currencies will tank via competitive devaluation! I do not believe that the Illuminists will allow any currency even the Chinese Yuan to threaten their global currency/monetary hegemony. Got physical gold yet?

    How to Prepare for When Money Dies !
    By: The_Gold_Report 
    If dollar-dumping turns from a trickle into a flood, look out.  Exploding prices (aka exorbitant inflation) resulting from the devaluation of  the dollar will compound the problems we saw in 2007–2009. Catastrophe will  come when everybody realizes that the dollar is an “IOU nothing.”  That’s the downside in the decade(s) ahead, according to Casey Research  Chairman Doug Casey. But an optimist at heart, in this exclusive interview with The Gold Report, Doug also identifies some reasons to be hopeful.

    The Gold Report: You’ve  been talking about two ticking time bombs. One is the trillions of dollars  owned outside the U.S. that investors could dump if they lose confidence. And  the other is the trillions of dollars within the U.S. that were created to  paper over the crisis that started in 2007. Are these really explosive  circumstances that will bring catastrophic results? Or will it just result in a  huge, but manageable, hangover?
    Doug Casey: Both, but in sequence. One thing that’s for sure is that  although the epicenter of this crisis will be the U.S., it’s going to have  truly worldwide effects. The U.S. dollar is the de jure national currency of at  least three other countries, and the de facto national currency of about 50  others. The main U.S. export for many years has been paper dollars; in  exchange, the nice foreigners send us Mercedes cars, Sony electronics, cocaine,  coffee—and about everything you see on Walmart shelves. It has been a one-way  street for several decades, a free ride—but the party’s over.

    Nobody knows the numbers for sure, but foreign central banks, and individuals  outside the U.S., own U.S. dollars to the tune of something like $6 or $7  trillion. Especially during the recent crisis, the Fed created trillions more  dollars to bail out the big financial institutions. At some point, foreign  dollar holders will start dumping them; they are starting to realize this is  like a game of Old Maid, with the dollar being the Old Maid card. I don’t know  what will set it off, but the markets are already very nervous about it. This  nervousness is demonstrated in gold having hit $1,900 an ounce, copper at  all-time highs, oil at $100 a barrel—the boom in commodity prices.

    Some countries are already trying to get out of dollars, but it could become a  panic if the selling goes from a trickle to a flood. So, yes, it’s a time bomb  waiting to go off, or maybe a landmine waiting to be stepped on. If a theatre  catches fire and one person runs out, soon everybody rushes toward the door and  they all get trampled. It’s a very serious situation.

    TGR: If panic erupts on the U.S. dollar, would products manufactured in  the U.S. become super-cheap or super-expensive?
    DC: They would become super-cheap. Everybody says that devaluing the  dollar will stimulate U.S. industry because the products will become cheaper  and foreigners will buy them. This is a huge canard everybody repeats and  nobody thinks about. Yes, it is true for a while, but if devaluation were the  key to prosperity, Zimbabwe should be the most prosperous country in the world  as it has already collapsed its currency.

    A strong currency is essential for a strong economy. Sure, a strong currency  can hurt exporters for a while. But, a strong currency encourages manufacturers  to invest in technology, and become more efficient. It rewards savings and  results in the growth of capital that’s critical for prosperity. A strong  currency allows businessmen to buy foreign companies and technologies at  bargain prices. It results in a high standard of living for the country, and  yields social stability as a bonus. The idea that decreasing the value of  currency to stimulate exports is a short-lived, stupid and counterproductive  solution to the problem. People seem to forget that while the German currency  was rising about sixfold from its level of 1971, and the Japanese yen about  fourfold, those countries became the world’s greatest export economies. It  didn’t happen despite a strong currency, but in large measure because of it.

    TGR: Given that the U.S. is the world’s biggest consuming nation,  wouldn’t fleeing the dollar create a big consumer vacuum in the international  community? Doesn’t the rest of the world want to keep up the high level of  exports to these U.S. consumers?
    DC: That’s exactly why the U.S. is in such trouble; it’s idiotically  focused on consumption, while only production can create prosperity. The world  doesn’t need to stimulate consumption. This is another canard, because  everybody has an infinite desire for goods and services. I know for myself, I’d  like not just a car, but 10 Ferraris, a couple of Gulfstreams and 10 houses  around the world. So, by myself, I have an infinite desire for goods and  services. Multiply that by 7 billion other people. The only way to gratify  those desires is by producing enough to trade with other people to give you  what you want. When so-called “economists” think the problem is that  we don’t have enough consumption, that shows that the profession itself is  bankrupt. It’s actually quite embarrassing.

    …. for the full report click here!

We will all be trillionaires but can't afford breakfast !


September 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Doug Casey: How to Prepare for When Money Dies!

Greek Default, Eurozone/Bank Crisis And The Effect on Gold, Silver Prices!

Declining value of the US dollar!

  • Gold and silver bugs have been hit quite hard these 2 weeks. But the fact of the matter is: nothing has changed. All the problems that existed before are still around and are getting worse. The Illuminist banksters and their complicit MSM are telling us that a €2 Trillion bailout fund will solve the problem. How does more debt solve a debt problem? The stronger countries: France and Germany will be burdened with more debts and become insolvent like the PIIGS. The solution is in effect worse than the sickness! Gold and silver will resume their upwards climb soon. Do not be afraid.

    Greek Default, Eurozone/Bank Crisis and the Effect on the Gold, Silver prices
    By: Julian D. W. Phillips,
    We agree with Professor Rogoff that Greece should have defaulted some time ago. Despite all the current efforts, Greece will default and that contagion will result in a global, banking crisis. Even if we’re wrong, the mountains of money that will be created and poured into the debt hole will benefit the gold and silver prices. The Greek debt crisis is about stemming the spread of bank runs, the breakdown of the other PIIGS countries debt situation, and potentially the fragmentation of the Eurozone. We’re on the brink.

    In the last week, we have seen global market confidence buckle in the face of slowing growth and what may already be a recession. This is not the time that poorer nations can use falling cash flow to repay mountains of debt. Talk of a 50% haircut on Greek debt should be lifted to as high as 60% to 70% for the Greeks to be able to manage its remaining debt in light of future, Greek cash flows.

    To get a handle on the Eurozone debt crisis we have to imagine that each nation is an individual. If an individual is bankrupt an offer of compromise is made that usually is 50% for the debt to be written off. It’s not a ‘haircut’ of 50% of the debt with the remaining balance to still be repaid. But such a haircut is a ‘managed default’. The banks that have to take a haircut see their balance sheets drop by this amount, often making the ratios by which it has to maintain too. This reduces the amount it can lend and often puts it in a dubious financial position, bringing its own creditors down upon it. With the global banking system so interwoven, the spread of such fears reaches far and wide. We saw this last week in the downgrade of Societe Generale and Credit Agricole, two of France’s largest banks, because of their exposure to Greek debt. If the Eurozone crisis finds other nations following Greece, then expect much more of this type of downgrade.

    What’s happening to Confidence in Currencies?
    At this stage it doesn’t matter which way the crises go. Confidence has fallen worldwide in government debt situations and the banking industry, with fears of more to come. The very fact that the developed world is in the financial state it is, has caused the fall in confidence. If the Greek situation leads to a convincing bailout, the weaknesses in the Eurozone will still remain. Confidence in the euro has fallen and won’t return to the previous year’s levels. With money fleeing the Eurozone, it only found the dollar as an alternative. The Swiss Franc and the Yen have ceased to be safe-havens because their central banks have intervened to weaken those currencies. This left the ‘tree trunk’ of the currency system, the U.S. dollar, as the only really liquid place to go. This was not because of any value that could be retrieved, but because it’s the only remaining currency that remains standing under pressure. Right now the euro is gaining against it, as the world hopes that Greece will get a sufficient bailout. But tomorrow it could weaken again. As to the dollar, its debt crisis is more severe, but not as immediate. 

    Now stand back a pace and ask… “Can we have confidence in the value of the Dollar, the Euro, the Yen, the Swiss Franc or the British Pound?”
    …. for the full article click here!


September 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Greek Default, Eurozone/Bank Crisis And The Effect on Gold, Silver Prices!

The EU Faces Financial Waterloo!

  • There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. – John Adams, 1826
  • The naive and gullible believe that everything that is happening now is an accident. They believe that the rulers have good intentions but are simply overwhelmed by the problems. This is not the case. The rulers of this world are Illuminists. Their plan calls for the collapse of the Eurozone, thus triggering global economic, financial and monetary collapse. What they sell to the public is an illusion.

    PROTOCOL No. 10

    1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. ….
    3. We count upon attracting all nations to the task of erecting the new

    fundamental structure, the project for which has been drawn up by us…

  • Without a growth plan, the EU faces financial Waterloo!
    by Simon Jenkins, 
    The latest eurozone rescue scheme may save Greece for now, but it fails on a basic rule of classical economics
    This really matters. It matters more than party conferences or Libyan wars or terrorist scares or Olympic games. Europe faces a Waterloo moment, perhaps even a Munich one, as 17 of its finance ministers dither over whether to rescue its economy from the financial wreckage of the past three years, or let it plunge into renewed depression.

    A bad-tempered weekend at the IMF in Washington has reportedly led to a ghost of a plan that makes sense. It involves halving Greece’s debts to German and French banks, repeating the 21% “haircut” default of last July. This in turn will hurt the banks more than they might stand, so the second part of the plan props them with urgent subsidies. In a third part, some 2 trillion euros would be tipped into the European central bank, somehow to “firewall” the sovereign debts of Portugal and Ireland and perhaps even Italy and Spain.

    This plan is first aid at the scene of the accident. But when all bad options have failed, desperate men turn to worse ones. The summer’s stress tests, bail-outs, Greek promises and quantitative easings are dead in the water. Europe’s weaker governments have gone on spending and borrowing, and banks lending. Greece’s chief paymaster, Germany, is fed up and Greece is on the brink of bankruptcy. Its workers will soon not get paid and its government might fall – an echo of Weimar.

    Yet even this plan may not happen. It needs the 17 eurozone countries to agree, and this they cannot do. It is the nightmare scenario of Euro-enthusiasts down the ages, of a supposedly united continent collapsing in chaotic indecision, as in 1914 and 1939, and Germany emerging waving the key. The trouble today is that Germany, however benign, is ruled by a coalition crafted by the post-war allies so as never to exercise strong, united leadership. Even if Germany’s government is willing to rescue the euro, its divided assemblies can refuse. They vote on the new bail-out fund tomorrow, and the coalition’s Free Democrats say they will vote against it.

    …. for the full article click here!


September 30, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off on The EU Faces Financial Waterloo!

Kurt Nimmo: U.S. Invented Soviet Threat !

  • “History is a set of lies agreed upon.” – Napoleon Bonaparte
  • The problems around the world are caused by Illuminists intentionally. They are the creators of most of the ‘ism’: Communism, Capitalism, Zionism, Socialism, Marxism… etc. Communism was invented and financed by Illuminist Wall Street Banksters. Who financed the Bolshevik Revolution? Wall Street Illuminist banksters! All these actions are part of their agenda to drive the world to their Luciferian New World Order, World Government.
  • Their philosophy is to build 2 opposing forces (Problem), then set these 2 forces into conflict, wait for the reaction/result from the sheeple (Reaction) and finally pose as saviors by presenting their Pre-Planned Solution! The Hegelian Dialectic: Problem, Reaction and Solution. Thesis, Anti-Thesis and Synthesis. They constantly employ their Luciferian doctrine of Order Out of Chaos to amass power through social chaos, wars, collapse, disasters … A Satanic cabal rule this world. They are in control in America, Russia, China, Japan, Israel …etc.

    “The idea was that those who direct the overall conspiracy could use the differences in those two so-called ideologies [marxism/fascism/socialism v. democracy/capitalism] to enable them [the Illuminati] to divide larger and larger portions of the human race into opposing camps so that they could be armed and then brainwashed into fighting and destroying each other.”
    Myron Fagan 

    We are going to present evidence that what you call “Communism” is not run from Moscow or Peking, but is an arm of a bigger conspiracy run from New York, London and Paris. The men at the apex of this movement are not Communists in the traditional sense of that term. They feel no loyalty to Moscow of Peking. They are loyal only to themselves and their undertaking. And these men certainly do not believe in the clap-trap pseudo-philosophy of Communism. They have no intention of dividing their wealth. Socialism is a philosophy which conspirators exploit, but in which only the naive believe. Just how finance capitalism is used as the anvil and Communism as the hammer to conquer the world will be explained in this book.
    Gary Allen – None Dare Call It Conspiracy, Page 11
  • U.S. Invented Soviet Threat
    by Kurt Nimmo,
    According to former CIA agents and historians participating in a forum held at the John F. Kennedy Library in Boston, in the early 1960s the U.S. government invented the so-called “Missile Gap” and wildly over-estimated the number of ICBMs the Soviet Union had. How many ICBMs did the Soviets actually have? Four, according to declassified documents.

    The Eisenhower administration used aerial reconnaissance and imaging satellites like the Corona Satellite to discover that the Soviets did not have the advanced technology to threaten the U.S.

    As a growing number of historians have realized for years, the so-called Cold War was largely an illusion – known as “policy by press release” – invented by the military industrial complex, the same folks who are selling us new wars and conjured-up threats from the likes of al-Qaeda and now the so-called Haqqani network.

     “The study of the Missile Gap period is especially relevant because it relates to today’s situation in Iraq, North Korea, and Iran, said historian and author Fred Kaplan and Timothy Naftali, director of the Richard Nixon Presidential Library and Museum and a former Harvard student,” writes Laya Anasu for The Crimson.

    The invented Missile Gap – an extension of the supposed Bomber Gap – is part of a larger reality that we never hear about and is not revealed in most history books: the entire Soviet threat was invented by Wall Street and the international bankers.

    In Western Technology and Soviet Economic Development 1945 to 1965 written by the late Antony Sutton, we discover that if not for a massive transfer of technology and money to the Bolsheviks in the 1920s and later, Russia would have remained an isolated and backwards rural society. Sutton drew his conclusions after reviewing State Department documents.

    “Soviet exports in the late sixties were still those of a backward, underdeveloped country. They consisted chiefly of raw materials and semi-manufactured goods,” Sutton writes in the conclusion of his trilogy. “When manufactured goods were exported they were simple machine tools and vehicles based on Western designs, and they were exported to underdeveloped areas,” he writes.

    And yet we were expected to believe at the time that the Soviet Union had developed and manufactured a burgeoning arsenal of sophisticated nuclear weapons.

    “In the Bolshevik Revolution we see many of the same old faces that were responsible for creating the Federal Reserve System, initiating the graduated income tax, setting up the tax-free foundations and pushing us into WWI,” writes Gary Allen.

    It was “a tiny oligarchical clique at the top” that created the Soviet Union, not because the elite are communists, but because communism is “a method to consolidate and control the wealth” and ultimately build ”an all-powerful world, socialist super-state,” a state we are now beginning to see as the bankers take down the global economy.

     We need to keep this in mind as the elite, through their academics and corporate media, try to sell us new threats, for instance the Haqqani terror network recently pushed by the chairman of the joint chiefs of staff, Mike Mullen, as he lectured the Senate Armed Services Committee last week.

     The corporate media reports that Haqqani is a veritable arm of Pakistan’s ISI, but what they don’t tell you is that the ISI is a creation of British intelligence – shepherded by Major General Walter Joseph Cawthorn, working for MI-6 – and the terror organizations now supposedly threatening the United States (and subsequently replacing the facile threat of the Soviet Union) were created through a collaboration between the ISI and the CIA, beginning in the early 1980s, a fact admitted by none other than the New York Times and Zbigniew Brzezinski.

    The elite invent scary threats and push them off on us, knowing that we will usually take the bait, as the mass hysteria – and curtailment of our liberties – demonstrated after we were sold the fairy tale that a gaggle of Muslim cave dwellers made NORAD stand down and waved a magic wand that suspended the laws of physics of September 11, 2011.


September 30, 2011 Posted by | GeoPolitics, History | , , , , , , , , , | Comments Off on Kurt Nimmo: U.S. Invented Soviet Threat !

Eurozone Banking ‘Crisis in Slow Motion’!

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September 30, 2011 Posted by | Economics | , , , , , | Comments Off on Eurozone Banking ‘Crisis in Slow Motion’!

Corbett Report: Engineering The Global Crisis – Financial Destabilization For Profiteering And Power!

September 30, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on Corbett Report: Engineering The Global Crisis – Financial Destabilization For Profiteering And Power!

Gerald Celente: The System is Rigged ! The Middle Class is Disappearing!

September 30, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off on Gerald Celente: The System is Rigged ! The Middle Class is Disappearing!

Max Keiser: US, EU Banks Behind Economic Crisis!

  • Quotes:
    “The depression was the calculated ‘shearing’ of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market …. The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank.”
    Curtis Dall, FDR’s son-in-law as quoted in his book, My Exploited Father-in-Law

    “The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen….At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.”
    New York City Mayor John F. Hylan, 1922


September 30, 2011 Posted by | Economics, GeoPolitics | , , , , | Comments Off on Max Keiser: US, EU Banks Behind Economic Crisis!

Does Goldman Sachs Rule The World?

  • Goldman Sucks and JP Morgue are Illuminist banks and are the shareholders of the FedRes. Illuminist banksters rule the world and own Washington. You will never hear this (but for the few exceptions) from the western MSM. This is because the western MSM is owned by Illuminists!
  • Quotes:
    “We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”
    David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of The Trilateral Commission, in June, 1991.

    “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press….They found it was only necessary to purchase the control of 25 of the greatest papers.

    “An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.”
    U.S. Congressman Oscar Callaway, 1917

    “The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”
    A letter written by FDR to Colonel House, November 21st, 1933

    “There is no such thing as an independent press in America, unless it is in the country towns. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print.

    “I am paid $150.00 a week for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for doing similar things. If I should permit honest opinions to be printed in one issue of my paper, like Othello, before twenty-four hours, my occupation would be gone.

    “The business of the New York journalist is to destroy truth; to lie outright; to pervert; to vilify, to fawn at the feet of Mammon; to sell his country and his race for his daily bread. We are the tools and vessels for rich men behind the scenes. We are intellectual prostitutes.”
    John Swinton, editor of the New York Tribune.


September 30, 2011 Posted by | Social Trends | , , , , , | Comments Off on Does Goldman Sachs Rule The World?

Bill Moyers & William K. Black: Massive Bankster Mortgage Fraud !

September 30, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Bill Moyers & William K. Black: Massive Bankster Mortgage Fraud !

Step Aside BBC “Trader”: Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse!

  • Is my forecast of a global economic, financial and monetary meltdown that implausible? Apparently not! Those of us who are awake know what is coming! The global financial and monetary system is broken and cannot be repaired. All actions taken so far by the Illuminist banksters have made things worse. It is intentional. Got physical gold yet?

    Step Aside BBC “Trader”: Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse
    by Tyler Durden,
    … the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story.

    Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print.

    Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”… “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe.“…”Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.” In other words: welcome to the Apocalypse…

    But wait, there’s more. From Bloomberg:

    … for the full article click here!


September 29, 2011 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Goldman Sachs Rules The World !

September 29, 2011 Posted by | Economics, GeoPolitics | , , , , , | Comments Off on Goldman Sachs Rules The World !

Fukushima: Worst Since Nagasaki!

September 29, 2011 Posted by | Disaster | , | Comments Off on Fukushima: Worst Since Nagasaki!