Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Rogers: Is The FedRes Bankrupting The U.S.? Get Rid of The FedRes!

December 8, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Bob Chapman: Timothy Geithner is in Europe To Give Them Marching Orders! Get Your Money Out of The Banks!

  • Bob Chapman - The Financial Survival – 07 Dec 2011 Timothy Geithner is in Europe to give them marching orders , there is at least for the time being an exodus of the players from the COMEX , you have no protection whatsoever , buy what suitable for you and do not believe everything you hear from sone wannabe experts says Bob Chapman
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  • Bob Chapman - The National Intel Report 2011.12.06 : Get your money out of the Banks , there are bankruns going on in Greece and Italy Bob Chapman explains people finally started listening to his recommendations he was advising people for years

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December 8, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off

Euro Last Chance? ‘Mer-Kozy’ Race Against Downgrade?!

December 8, 2011 Posted by | Economics | , , , , , , , , | Comments Off

CrossTalk on Merkozy: Averting Euro Doomsday?

December 8, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Homeless Camps in The US on The Rise!

December 8, 2011 Posted by | Social Trends | , , , , | Comments Off

The Last Week for The Eurozone?

  • Not yet! Getting closer but not yet! The Illuminists want fiscal union and the removal of constraints on the ECB before they light the fuse to a global monetary meltdown!

The Eurozone fuse will be lit after the Illuminists achieve their goals!

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December 8, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Michael Hudson: Technocrats are Lobbyists for the Wall Street Gang!

December 8, 2011 Posted by | Social Trends | , , , , | Comments Off

Mainstream Media Making Viewers More Uninformed?

  • THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic)
    Protocol XII - Control of the Press
    …. WE CONTROL THE PRESS
    4. NOT A SINGLE ANNOUNCEMENT WILL REACH THE PUBLIC WITHOUT OUR CONTROL. Even now this is already being attained by us inasmuch as all news items are received by a few agencies, in whose offices they are focused from all parts of the world. These agencies will then be already entirely ours and will give publicity only to what we dictate to them.

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    5. If already now we have contrived to possess ourselves of the minds of the GOY communities to such an extent the they all come near looking upon the events of the world through the colored glasses of those spectacles we are setting astride their noses; if already now there is not a single State where there exist for us any barriers to admittance into what GOY stupidity calls State secrets: what will our positions be then, when we shall be acknowledged supreme lords of the world in the person of our king of all the world ….

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December 8, 2011 Posted by | Social Trends | , , , , , | Comments Off

Eurozone: France And Germany Urge Common Taxes!

Daniel 7:7 - " ... 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."

  • THE PROTOCOLS OF THE LEARNED ELDERS OF ZION
    Protocol III Methods of Conquest
    … We shall create by all the secret subterranean methods open to us and with the aid of gold, which is all in our hands, A UNIVERSAL ECONOMIC CRISES WHEREBY WE SHALL THROW UPON THE STREETS WHOLE MOBS OF WORKERS SIMULTANEOUSLY IN ALL THE COUNTRIES OF EUROPE.
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  • All the so-called disagreements between Germany and France are political charade for sheeple consumption. Merkozy are all part of the same Illuminist team. Subtlety and deception are their methods. The world is ruled by a Satanic cabal.
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  • THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic) PROTOCOL No. 10
    1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. …. 
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    OUR GOAL – WORLD POWER
    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…
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    4. WHEN WE HAVE ACCOMPLISHED OUR COUP D’ETAT WE SHALL SAY THEN TO THE VARIOUS PEOPLES: “EVERYTHING HAS GONE TERRIBLY BADLY, ALL HAVE BEEN WORN OUT WITH SUFFERING. WE ARE DESTROYING THE CAUSES OF YOUR TORMENT – NATIONALITIES, FRONTIERS, DIFFERENCES OF COINAGES. YOU ARE AT LIBERTY, OF COURSE, TO PRONOUNCE SENTENCE UPON US, BUT CAN IT POSSIBLY BE A JUST ONE IF IT IS CONFIRMED BY YOU BEFORE YOU MAKE ANY TRIAL OF WHAT WE ARE OFFERING YOU.”
    … THEN WILL THE MOB EXALT US AND BEAR US UP IN THEIR HANDS IN A UNANIMOUS TRIUMPH OF HOPES AND EXPECTATIONS. …
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  • Eurozone: France and Germany urge common taxes 
    by http://www.bbc.co.uk/news/
    The leaders of France and Germany have called jointly for eurozone countries to have common corporation and financial transaction taxes. The tax policy would apply initially to the 17-member eurozone. France has long complained about Ireland’s low corporation tax rate of 12.5%.
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    The proposal came in a letter to European Council President Herman Van Rompuy, on the eve of a key EU summit. Both countries want changes to the EU treaties to enforce budget discipline. The push for EU tax harmonisation is highly controversial. The UK especially has for years resisted moves towards tax harmonisation in the 27-nation bloc.
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    Safeguards
    “We must strengthen growth through competitiveness and convergence of the economic policies of eurozone members at least,” said the letter from French President Nicolas Sarkozy and German Chancellor Angela Merkel.
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    It called for “a new common legal framework fully compatible with the internal market”, covering:
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    - financial regulation;
    - the labour market;- convergence and harmonisation of the corporation tax base and introduction of a financial transaction tax;
    - policies that support growth and a better use of European funds within the eurozone.

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    … for more click here!

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December 8, 2011 Posted by | Economics, EndTimes | , , , , , , , , , | Comments Off

EU Fiscal Union = EU Debt Serfdom!!

  • There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. – John Adams, 1826
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  • Do not buy into all the MSM talk about rescuing the Eurozone via fiscal union. This is false and an implanted Illuminist idea/meme! It is the path to total feudal rule by an Illuminist ruling class. It is serfdom!
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    EU Fiscal Union = EU Debt Serfdom!! 
    by Charles Hugh Smith, http://www.oftwominds.com
    “Fiscal union” is a code-phrase for a highly profitable debt-serfdom: the banks profit, the EU bureaucracy flourishes and the people of the EU are imprisoned in a modern serfdom.
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    The stock and bond markets are gearing up to celebrate the EU’s approval this Friday of “fiscal union,” the necessary surrender of sovereignty that’s needed to seal the  bondage of the EU’s hapless citizenry to the banks and the lapdog bureaucrats slavishly devoted to their dominance.
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    “Fiscal union” is the code-phrase for the EU nation agreeing to automatic sanctions (penalties) should their borrowing exceed what is deemed prudent. In this sense, it’s little different from the 3% deficit limit that the member states agreed to via the initial treaty but conveniently ignored.

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    The “teeth” of automatic sanctions is supposed to force nations to “tighten up” their fiscal and tax policies (including collection)–”austerity” at the fundamental economic and governmental levels.
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    In other words, “Oops, we borrowed too much, default looms, let’s paper over the insolvency by really really really promising to borrow less from now on.”
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    The mechanisms of the overborrowing–overleveraged, politically dominant banks and the euro–are left untouched.  Why? For the “obvious” reasons the mechanisms of EU governance has been captured by the banks and their apparatchiks, and as a result of the quasi-religious devotion of the Eurocrats to the single currency, a catastrophically wrong-headed fantasy that they cannot give up without losing face.
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    I described the systemic problem with “austerity and higher taxes” as a “solution” to crushing debts in It’s Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom(December 5, 2011): it sets up a positive (mutually-reinforcing) feedback loop where diverting more of the national surplus to pay interest on old debt leaves less for productive investment, a cycle of indenturement to debt that ratchets the risk of default ever higher, which drives interest rates up which then increases the cost of servicing all that crushing debt which then diverts more of the national surplus (via austerity and higher taxes) to paying the higher interest.
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    Every euro shipped off to the banks and bondholders is a euro that isn’t going to be spent in the national economy, which means the economy contracts from a dearth of investment, income and spending.  “Growing our way out of debt” is impossible in this indentured-to-debt positive feedback loop.
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    … for more click here!

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December 8, 2011 Posted by | Economics, Social Trends | , , , , , , , , , , | Comments Off

Wolfgang Schauble Admits Euro Bail-out Fund Won’t Halt Crisis!

The Eurozone is on fire!

  • Do not be taken for a ride by all the ‘news’ coming out of the EU summit happening now to resolve the Eurozone sovereign debt crisis. Nothing concrete will happen. Essentially, private bankster debts have been dumped onto the sheeple via sovereign governments. Private debts have been socialized while profits kept by banksters. These Illuminist banksters have no intention of resolving this crisis. They know that their politician puppets will continue to bail them out and they can continue to financially rape the sheeple.
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  • All the rescue talk are about providing more loans (ie debts) to bankrupt countries overburdened by an insurmountable mountain of debts! You cannot solve a debt problem with more debts. The Illuminists are planting the meme: “If only the ECB can perform as the lender of last resort (like the FedRes) by creating money out of thin air to bail out everybody” This is false. The word bailout is a lie. There is no bailout! It is even more debts dumped on the sheeple which their children, grand children … have to pay to Illuminist central banks! They want the ECB to be freed from constraints to function like the FedRes bank of Europe 2.0!
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  • The Illuminist plan is to use this crisis to consolidate power into an unelected Illuminist elites via the EU parliament. They will use fiscal union, tax union/unification … to create a United States of Europe. When they have achieved most of their objectives, they will pull the plug on the Eurozone and go into the next phase: an even bigger global monetary crisis. The Illuminists want a global currency meltdown to set the stage for their One World Currency and Global Supra-National Central Bank (very likely IMF). How do you get the world to accept a new One World Currency? By destroying all fiat currencies via hyper-inflation! The sheeple of the world will then beg their governments for a solution! This is when the One World Currency backed by gold will appear! Got physical gold yet?
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    Wolfgang Schauble admits euro bail-out fund won’t halt crisis! 
    By , http://www.telegraph.co.uk/ 
    Europe’s “big bazooka” bail-out fund is not ready and won’t stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany’s finance minister.
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    Mr Schauble said eurozone finance ministers, who are meeting in Brussels, could not agree on the terms of the European Financial Stability Facility (EFSF). He told Germany’s Handelsblatt that although Europe needed a fund “capable of action”, plans for the EFSF were too “intricate and complex” for investors to understand.
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    The finance ministers, who were meeting ahead of a full Ecofin summit today, acknowledged the €440bn (£376bn) fund would not win support to leverage it up to €1 trillion. Its capacity would be between €500bn and €700bn instead – a total that is unlikely to be big enough to rescue Spain and Italy.
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    Eurozone finance ministers also agreed to explore ways of boosting the IMF’s resources through bilateral loans so that the international lender can match the leveraged capabilities of the eurozone’s bailout fund. 
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    However, the ministers concurred that the €8bn of international aid to Greece should be disbursed before Athens runs out of cash in two weeks. Evangelos Venizelos, Greece’s finance minister, said: “In Greece we have all the necessary conditions in order to go ahead with the next disbursement.”
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    … for more click here!

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December 8, 2011 Posted by | Economics | , , , , , , , , , , , , , | Comments Off

James Turk: The Banking System is on The Verge of Collapse!

It is coming!!!

  • The world is heading towards a global economic, financial and monetary meltdown. This Illuminist engineered crisis is to drive the world to a New Monetary/Financial/Economic World Order, Luciferian World Government and Global Supra-National Central Bank (very likely a IMF 2.0). The Euro, UKP, JPY … and finally the USD will all collapse. Minor currencies will not survive the hyper-inflation onslaught.
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  • The Illuminist will use this crisis to introduce their One World Currency backed by gold. They have much of the western world in their pocket and also: Japan, South Korea, ANZ, Singapore, Central America …etc. They are confident that as much as 70% of the world economy will switch to this new Luciferian Monetary Hegemony. For those countries who refuse to, war is coming to their shores!
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    Daniel 7:23 (New King James Version)
    23 “Thus he said: ‘The fourth beast shall be A fourth kingdom on earth, Which shall be different from all other kingdoms, And shall devour the whole earth, Trample it and break it in pieces.
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  • Interesting article from www.kingworldnews.com :
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    James Turk – The Banking System is on the Verge of Collapse! 
    ” … people (in Europe) are really frightened about the possibility of a collapse of the euro.  Money continues to move out of the European banking system, which explains why central banks stepped in with some money printing last week.
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    The story goes that a large French bank could not obtain funding and was on the verge of collapse.  When a depositor withdraws money from a bank, the bank has to turn to other sources of funding or reduce its assets.  Given the nervousness about insolvency concerns at many banks today, banks have few funding alternatives.  Consequently, last week’s stop gap measure by the central banks is probably going to be short-lived. … History has shown that over-indebted countries always destroy their currency.”

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December 8, 2011 Posted by | Economics | , , , , , , , , , , , | Comments Off

How The Euro Crisis Could Destroy The U.S. Economy!

  • And not just the US economy but the world economy. This will not be confined to EU and US. Japan is also bankrupt with debt to GDP above 200%! The Chinese relies on exports and when the industrialized world tanks, it will not escape. Domestic consumption alone will not allow it to create sufficient jobs for its tens of millions of migrant workers.
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    How the Euro Crisis Could Destroy the U.S. Economy! 
    by http://www.theatlantic.com/
    Europe is closer than you think to bringing down the American–and, therefore, the global–economy.
    This is the worst-case scenario from Europe, and it just might come  true: Italy defaults on its debts. Every major Italian bank collapses.  Recession grips the eurozone. Sovereign defaults and bank failures  ripple across the Continent. Saddled with bad loans to nations and  lenders in Europe, American banks hemorrhage cash. Credit freezes in the United States. Multinational companies, unable to raise money, curb  U.S. investment and hiring. Wall Street demands, but fails to get, new  bailouts. The entire developed world plummets into recession and, quite  possibly, depression.

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    This, in contrast, is the placid warning  that President Obama gave Americans about the threat: “If Europe is  contracting,” he said on Monday, “then it’s much more difficult for us  to create good jobs here at home.” There’s still a chance that  Europeans, through some combination of fiscal and monetary action, can  stop the crisis before it shatters the feeble U.S. recovery. But the  worst case is so much worse than Obama’s description, and  Washington has failed to prepare voters for the possibility. “The  [potential] shock we’re talking about is of very large magnitude,” says  Viral Acharya, a New York University professor who studies financial  risk extensively. “If you’re just having an Armageddon coming your way,  [America's] buffers may not be adequate.”
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    The eurozone’s struggles are already hurting the U.S. recovery. Stocks have fallen, and exports  to the European Union–the world’s largest economy–are dropping as the  Continent slides into recession. In the best case, the pain inflicted on the United States basically stops there. Europeans marshal the  political will to bail out Italy and Spain, and they wall off Greece  from the financial system at large. Lending slows but doesn’t stop. The  European recession proves comparatively mild, and America avoids one.
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    But the situation could worsen quickly for the United States. The biggest  risk is a massive credit freeze. Loans from European banks account for  one-fifth to one-quarter of the American lending market, Acharya says,  and loans from those banks would disappear fast if they begin tumbling  under bad sovereign debts. American banks would likely pull back on  lending, too. Consumers and businesses would curb spending. “The  precipitating event for the global financial crisis and the Great  Recession was the bankruptcy of a single, relatively small  broker-dealer, Lehman Brothers. The bankruptcy of a nation as large as  Italy would be many times more severe,” says Karl Smith, an economist at the University of North Carolina who cowrites the popular economics  blog Modeled Behavior. “In theory, there is no limit to how bad it could get.”
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    … for more click here!

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December 8, 2011 Posted by | Economics | , , , , , , , , , | Comments Off

Jesse Ventura: FEMA Concentration Camps, Fusion Centres, Police State America .. Conspiracy Theory!

  • These FEMA concentration camps, Fusion centres … are built not by accident. It is a long-term Illuminist plan to implement the Luciferian New World Order. America is the starting point of their implementation where all the kinks will be ironed out before worldwide enforcement.

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December 8, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , | 1 Comment

Having More Than 7 Days Of Food Makes You A Suspected Terrorist ! The Entire US is Declared a Battlefield – War Zone!

December 8, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | Comments Off

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