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Socio-Economics & History Commentary

Olli Rehn: Europe Entering ‘Critical Period of 10 days’ To Solve Debt Crisis!

  • All the so-called rescue or bailouts, involve even more debts. You cannot solve a debt problem with more debts. Will any bank lend you more money when you are bankrupt and totally unable to pay back your debts? Obviously not! Yet these banksters want us to believe they are trying to rescue the sheeple / countries by providing even more loans at exorbitant interest rates. Should we bailout banksters who make such irresponsible loans? I don’t think so! They know what they are doing and must bear the consequences of their actions! This is about bailing out their banks while appearing to help the sheeple / countries. (emphasis mine)

    ‘Ten days to rescue euro’ as leaders call for IMF funds! 
    By Martin Strydom, 30 Nov 2011, http://www.telegraph.co.uk/ 
    Europe faces a crucial ten days to save the eurozone, a leading EU monetary chief warned after finance ministers from the currency bloc admitted they may need IMF help to increase the firepower of their bailout fund.

    “We are now entering the critical period of 10 days to complete and conclude the crisis response of the European Union,” Economic and Monetary Affairs Commissioner Olli Rehn said on Wednesday as EU finance ministers met in Brussels.

    His comments came as Gerard Lyons, chief economist at Standard Chartered, said: “The euro cannot survive in its present format.” “Throughout the year I have stressed that the world economy could suffer a double-dip if it was hit by one of three factors: an external shock, a policy mistake or a loss of confidence. Unfortunately, in recent months, the euro area has been hit by all three. And that is why the euro area will slip back into recession in 2012,” he said in his Economic Outlook for November.

    … for more click here!

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December 1, 2011 Posted by | Economics | , , , , , , , , | 2 Comments

Leaked Pentagon Video: Using Flu Vaccine To Modify Human Religious Behavior!

December 1, 2011 Posted by | Medicine & Health | , , , , | 1 Comment

Britain Has Entered Second Credit Crunch, Confirms Downing Street!

It is coming!!!

  • Don’t be fooled by what just happened. Central banks are addressing the symptoms not the disease. What central banks did was to stem imminent collapse of the global financial system. It is delayed but global economic, financial and monetary collapse will happen. The US$1.5 quadrillion derivatives disaster cannot be stopped indefinitely! The banking system is imploding under this toxic crap! (emphasis mine)

    Britain has entered second credit crunch, confirms Downing Street! 
    By , and Bruno Waterfield in Brussels, http://www.telegraph.co.uk/ 
    Britain has entered a second credit crunch, Downing Street said on Wednesday night, as America was forced to intervene to stop the eurozone crisis leading to a global financial collapse.

    The US Federal Reserve spearheaded a scheme by central banks around the world, including the Bank of England, to lend money to ailing European banks that were struggling to borrow.

    The emergency action to stop the international financial system from freezing up again was prompted by rumours that a European bank was facing difficulties and could not raise money. Panic started to spread through the German bond markets, which threatened to result in a credit freeze for European banks.

    British banks have been warned by the Financial Services Authority, the City   watchdog, that they must make preparations for the collapse of the single currency. Downing Street sources insisted that the global economy was not facing a “Lehman’s moment”, in reference to the collapse of the American investment bank. However, a spokesman for the Prime Minister said: “Clearly there is a very serious situation in the financial markets at this time.

    “We are experiencing a credit crunch and that central bank action is about trying to mitigate the effects of that credit crunch. They are ensuring they have the capacity to take action.” The eurozone debt crisis has led to growing fears in financial markets about the stability of major European banks. Investors, particularly US money-market funds, are increasingly worried that the European banks are exposed to huge losses on loans they have made in Greece, Italy and other indebted eurozone countries.

    … for more click here!

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December 1, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Britain Has Entered Second Credit Crunch, Confirms Downing Street!

The FedRes Grants $7.77 Trillion in Secret Bank Loan – Now Do You Understand Occupy Wall Street?

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Intelligent Design: Collapse America and Europe…Then Deliver New World Order!

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FedRes Bails Out Europe While ECB Dithers!

The Illuminist Federal Reserve Bank! Graphic: http://www.ddees.com

  • The reality is: the FedRes is stepping in to bail out its Illuminist banks shareholders who have enormous exposure to Eurozone debts. If the Eurozone goes down, big boys like : Goldman Sucks, JP Morgue, Bankrupt of A … will all go down. This is not about bailing out the people of Europe! It is all about saving Illuminist banks with enormous derivatives exposure in the trillions of dollars!

    Fed bails out Europe while ECB dithers!  
    By MarketWatch, http://www.marketwatch.com/
    Commentary: Making dollars more accessible won’t solve crisis
    WASHINGTON (MarketWatch) — On one level, it’s almost funny to call offering dollars at a cheaper rate to foreign banks “coordinated” action. It’s only coordinated in the sense that the Federal Reserve is printing the dollars and the European Central Bank and other central banks put the greenbacks in the virtual vaults of mangled commercial banks that are drowning in European debt. See story on Fed action.

    But it’s not coordinated in the sense that the ECB taking any bold action of its own to stem the euro-zone debt crisis. The ECB on Tuesday accidentally wandered into quantitative easing, basically when banks didn’t want to commit to lending money to the Frankfurt-based central bank, which effectively meant that a tiny sliver of the purchases of Spanish and Italian debt it made were funded from money printed out of thin air. See full story on Spanish and Italian debt.

    That money printing, called quantitative easing, is old hat at the Fed, as well as at the Bank of England and the Bank of Japan. The results are admittedly debatable, but in ECB circles it’s unthinkable to contemplate, as the ghost of the Weimar Republic continues to haunt German policy makers.

    … for more click here!

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December 1, 2011 Posted by | Economics | , , , , , , , , , | Comments Off on FedRes Bails Out Europe While ECB Dithers!

Central Banks Take Joint Action to Ease Debt Crisis!

Acts of desperation by central banks to put out the Eurozone fire!

  • Central banks are getting desperate. You cannot solve a solvency problem with more liquidity. This will merely kick the can down the road for another few more months. In the end the Illuminist banksters will activate global QE on a massive scale to bail out all their insolvent banks! Of course, they will say it is to help the PIIGS, the people, sheeple .. the Eurozone, the American economy …etc. This is BS! It is to save their insolvent Illuminist banks and the result is: the sheeple are screwed ! It is currency debasement on a worldwide scale. Got physical gold yet?

    Central Banks Take Joint Action to Ease Debt Crisis! 
    By , http://www.nytimes.com/ 
    WASHINGTON — The Federal Reserve moved Wednesday with other major central banks to buttress the financial system by increasing the availability of dollars outside the United States, reflecting growing concern about the fallout of the European debt crisis.       

    The banks announced that they would reduce by roughly half the cost of an existing program under which banks in foreign countries can borrow dollars from their own central banks, which in turn get those dollars from the Fed.  The banks also said that loans will be available until February 2013, extending a previous endpoint of August 2012.       

    “The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity,” the banks said in a statement. The participants in addition to the Fed were the Bank of England, the European Central Bank, the Bank of Japan, the Bank of Canada and the Swiss National Bank.       

    Stocks soared in response to the announcement, as some analysts hailed evidence that governments were showing greater determination to address the crisis.

    … for more click here!

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December 1, 2011 Posted by | Economics | , , , , , , , , , | 1 Comment

S&P Downgrades Major British And US Banks!

  • The rumour was: the entire banking system was on the verge of collapse. One major European bank was about to go under triggering massive falling dominoes across the entire western banking system. This is the reason why the FedRes and 5 other central banks stepped in and provided global easing via USD swap lines. The markets have rallied enormously last night. But by the actions of these central banks, it is a sure sign of desperation . It will postponed collapse for maybe a couple of months. But not much more! The GoldenTruth  (emphasis mine):

    I wanted to comment quickly on the currency swap deal announced by the Fed today.  In a nutshell, what this facility does is make available a massive quantity of U.S. dollars to non-U.S. banks who have immediate dollar liability requirements (payments) that are not being funded by their income producing assets (i.e. they are insolvent, for the most part).  To cut through the spin, it is likely that there were one or more very large European banks that were close to collapsing and the Fed bailed out the situation.  From the Fed statement today:

    [T]hese central banks have also agreed to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. At present, there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar…

    That tells me that one or more big banks were on the brink of default.  The Fed also cut the interest rate charged for use of the swap facility from 1% to 1/2%.  This really underscores the severity and immediacy of the problem.  Interestingly, a friend from NYC called me this morning and told me that Deutsche Bank is trying to sell its asset management division.  This is a cash cow asset and it tells me that, not only is DB desperate to raise liquidity, but it has to resort to unloading good, core assets because there is no bid in the market for its crappy assets.  In other words, Deutsche Bank is running out of room with which to hang itself…these problems are also impending in the U.S.  Bank of America nearly lost $5/share yesterday and I fully expect Bank of America to either be bailed out by the Taxpayer or collapse within 12 months.
  • S&P downgrades British and US banks! 
    By http://www.telegraph.co.uk/ 
    Royal Bank of Scotland, Barclays and HSBC were among a slew of global banks that had their credit ratings cut by ratings agency Standard & Poor’s late last night.

    S&P said it downgraded a host of banks after changing its criteria earlier this month to take into account new considerations, including the likelihood that a government would again provide state aid as it did during the financial crisis of late 2008.

    Across the Atlantic, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley all had their credit ratings cut by a notch as S&P implemented the new criteria. Although S&P had warned earlier this month that it would be reviewing the ratings of 37 banks, the changes will do little for investors who are already nervous about possible contagion from Europe’s financial system.

    Shares of most major banks were buffeted over the summer on concern that sovereign defaults in Europe would leave them nursing losses from their holdings of government debt. Barclays’ rating was reduced to A+ from AA–; Royal Bank of Scotland had its rating lowered to A– from A and HSBC saw its rating lowered to AA– from AA.

    … for more click here!

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December 1, 2011 Posted by | Economics | , , , , , | Comments Off on S&P Downgrades Major British And US Banks!

Peter Schiff: Global Central Banks Ring Gold Buyers’ Bell !

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China Will Not Hesitate To Protect Iran Even With a Third World War!

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Friendship on Fire: Pakistan Done With US?

December 1, 2011 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Friendship on Fire: Pakistan Done With US?

Secret FedRes Loans & Slinky School of Economics!

December 1, 2011 Posted by | Economics | , , , , , | Comments Off on Secret FedRes Loans & Slinky School of Economics!

Pakistan Attack: NATO Ignored Pleas, Carried Out Attack Over 2 Hours!

  • The Anglo-American-Zionist west is simply positioning themselves for the start of World War 3. The Illuminist snakes will use Pakistan as the bait to draw China (and India) into a World War! The provocations against Pakistan will not end here.

    NATO ignored pleas, carried out attack over 2 hours 
    by http://www.indianexpress.com/ 
    The NATO airstrikes that killed 24 Pakistani soldiers went on for almost two hours and continued even after Pakistani commanders had pleaded with coalition forces to stop, the army claimed Monday in charges that could further inflame anger in Pakistan.

    NATO has described the incident as “tragic and unintended’’ and has promised a full investigation. Unnamed Afghan officials have said a joint Afghan-NATO force on the Afghan side of the border received incoming fire from the direction of the Pakistani posts, and called in airstrikes.

    Ties between Pakistan and the US were already deteriorating before the deadly attack and have sunk to new lows since, delivering a major setback to US hopes of enlisting Islamabad’s help in negotiating an end to the 10-year-old Afghan war.

    Army spokesman Maj Gen Athar Abbas said the Pakistani troops at two border posts were the victims of an unprovoked aggression. He said the attack lasted almost two hours and that commanders had contacted NATO counterparts while it was going on, asking “they get this fire to cease, but somehow it continued.’’

    Pakistan says NATO ignored its pleas during attack 
    by CHRIS BRUMMITT, Associated Press
     ISLAMABAD (AP) — The NATO airstrikes that killed 24 Pakistani soldiers went on for almost two hours and continued even after Pakistani commanders had pleaded with coalition forces to stop, the army claimed Monday in charges that could further inflame anger in Pakistan.

    NATO has described the incident as “tragic and unintended” and has promised a full investigation. Unnamed Afghan officials have said that a joint Afghan-NATO force on the Afghan side of the border received incoming fire from the direction of the Pakistani posts, and called in airstrikes.

    Ties between Pakistan and the United States were already deteriorating before the deadly attack and have sunk to new lows since, delivering a major setback to American hopes of enlisting Islamabad’s help in negotiating an end to the 10-year-old Afghan war.

    Army spokesman Maj. Gen. Athar Abbas said the Pakistani troops at two border posts were the victims of an unprovoked aggression. He said the attack lasted almost two hours and that commanders had contacted NATO counterparts while it was going on, asking “they get this fire to cease, but somehow it continued.”

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Pakistan U-turns on US After NATO ‘Gaffe’ Kills 24 !

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Islamist Muslim Brotherhood Leads Polls in Egypt !

  • William Engdahl on Egypt’s uprising:
    They are being organized in a Ukrainian-style high-tech electronic fashion with large internet-linked networks of youth tied to Mohammed ElBaradei and the banned and murky secret Muslim Brotherhood, whose links to British and American intelligence and freemasonry are widely reported.

    The Masonic Origins of the Muslim Brotherhood
    The Masonic origins of the Islamists movements, and their true goal to undermine Islam and fight for Western Zionist Powers such as Britain and the United States of America. The Muslim Brotherhood has acted as a clever technique to recruit agent-provocateurs for the Illuminati. The lowest ranks may sincerely believe they are defending Islam, and confronting “Western imperialism”. However, these various terrorist groups, through representing different factions, are part of a single network serving the same Illuminati cause.

    When we explore the political and financial connections of the terrorists, we find that these are not merely wayward fanatics, operating in isolation, but that their channels penetrate to the upper reaches of power, in the British and American governments, and outward into the nether regions of the occult and criminal underworlds.

    Muslim Brotherhood created by British Intelligence
    Dr. John Coleman, a former British Intelligence agent…states in his report on Iran’s Islamic Revolution that the Muslim Brotherhood was created by “the great names of British Middle East intelligence”…and that their mission was to “keep the Middle East backward so that its natural resource, oil, could continue to be looted…”

    The Muslim Brotherhood is a London creation, forged as the standard-bearer of an ancient, anti-religious (pagan) heresy that has plagued Islam since the establishment of the Islamic community (umma) by the Prophet Mohammed in the seventh century. Representing organized Islamic fundamentalism, the organization called the Muslim Brotherhood (Ikhwan al-Muslimum in Arabic) was officially founded in Egypt, in 1929, by the British agent Hasan al-Banna, a Sufi mystic. Today, the Muslim Brotherhood is the umbrella under which a host of fundamentalist Sufi, Sunni, and radical Shiite brotherhoods and societies flourish.

    The Muslim Brotherhood is a tool by the British-based Globalists whose main objective is to overthrow the established world order and create a new one-world system of global governance. Without the British, “radical Islam would have remained the illegitimate, repressive minority movement that it has always been, and the Middle East would have remained stable and prosperous.”

    The real Muslim Brothers are…the secretive bankers and financiers who stand behind the curtain, the members of the old Arab, Turkish, or Persian families whose genealogy places them in the oligarchic elite, with smooth business and intelligence associations to the European black nobility and, especially, to the British oligarchy. 

    By fabricating a bogus war between Islamic fundamentalism and the West, the globalists are able to attack their real enemy, humanity. Pulling the strings, they will ensure that both Western and Muslim states are degraded and finally completely subjugated to their odious rule.

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December 1, 2011 Posted by | GeoPolitics | , , , , | Comments Off on Islamist Muslim Brotherhood Leads Polls in Egypt !