Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Rogers Gives Dire Warning ‘That Will Lead To The End of The World as We Know It’!

December 10, 2011 Posted by | Economics | , , , , , , , , , , , , , , | 1 Comment

Yanis Varoufakis: “All Europeans are Seeing The Collapse Coming”!

  • As banks after banks fall, there will be accelerated bank runs. To stem this, governments will explicitly guarantee all deposits. If not, banks will collapse even faster. Since practically all Eurozone governments are insolvent, in the end, central banks will create a massive amount of money out of thin air to bail out all banks. This means currency debasement. As everyone realizes fiat currencies are a CONfidence Job, hyper-inflation will kick in. All major currencies are toast when it reaches this stage. This collapse process will be repeated across the entire globe. Minor fiat currencies will also be toast. As currency debasement progresses, countries will adopt a beggar thy neighbour policy of competitive devaluations. Got physical gold yet?

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December 10, 2011 Posted by | Economics | , , , , , , , , , , | 1 Comment

Eurozone Banking System on The Edge of Collapse!

Eurozone train wreck coming!

  • I can’t tell you which of the last 5 straws will break the camel’s back. But the camel’s back will break. The Eurozone can collapse at any day now. The Illuminists are simply delaying it, buying more time, kicking the can down the road … but they cannot delay it forever! It will cascade across the globe. Domino after domino will fall. Got physical gold yet? (emphasis mine)

    Eurozone banking system on the edge of collapse! 
    By , http://www.telegraph.co.uk/ 
    The eurozone banking system is on the edge of collapse as major lenders begin to run out of the assets they need to keep vital funding lines open.
    Senior analysts and traders warned of impending bank failures as a summit intended to solve the European crisis failed to deliver a solution that eased concerns over bank funding.

    The European Central Bank admitted it had held meetings about providing emergency funding to the region’s struggling banks, however City figures said a “collateral crunch” was looming.

    “If anyone thinks things are getting better then they simply don’t understand how severe the problems are. I think a major bank could fail within weeks,” said one London-based executive at a major global bank.

    Many banks, including some French, Italian and Spanish lenders, have already run out of many of the acceptable forms of collateral such as US Treasuries and other liquid securities used to finance short-term loans and have been forced to resort to lending out their gold reserves to maintain access to dollar funding.

    “The system is creaking. There is a large amount of stress,” said Anthony Peters, a strategist at Swissinvest, pointing to soaring interbank lending rates.

    CreditSights’ weekly funding report said the ECB had effectively become the central clearer for the region’s banks as lenders are increasingly distrustful about funding one another.

    Bank deposits with the ECB now stand at their highest level since June 2010 at €905bn (£772bn) as lenders withdraw deposits held with their peers and put them into the central bank. At the same time, banks in major eurozone countries such as France and Italy have become increasingly reliant on central bank funding. This follows the trend seen in smaller countries like Ireland where lenders have effectively becomes taxpayer-funded “zombie” banks.

    Alastair Ryan, a banks analyst at UBS, said there would be “no Lehman moment” – or single catastrophic event – for the European banking sytem, but added that without a full backstop of bank liabilities by governments the system would “struggle to finance itself in the next year in a durable way”.

    “The system at the moment hasn’t got funding of a duration that allows it to function, so it’s failing,” he said. Others think the eurozone banks are heading for a catastrophe and the worry is growing that a major bank could collapse within weeks.

    … for more click here!

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December 10, 2011 Posted by | Economics | , , , , , , | Comments Off on Eurozone Banking System on The Edge of Collapse!

F. William Engdahl on GRTV: Engineering the Eurozone Collapse!

December 10, 2011 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , | Comments Off on F. William Engdahl on GRTV: Engineering the Eurozone Collapse!

Adrian Salbuchi: The Global Elites Will Do Everything To Keep The Euro on Its Transitional Path Towards a Global Currency That Will Eventually Replace Both The Euro And The US Dollar!

  • The financial earthquakes are going to get larger and larger until the entire system collapses! All major fiat currencies are unsound. They are a CONfidence Job backed by nothing! As fiat currencies collapse around the world, it will collapse economies, destabilize trade and cause hyper-inflation. The world will return to an asset based monetary system. The Illuminists will introduce their One World Currency backed by gold ! They will demand that countries submit their banking and monetary authorities to the control of a Global Supra-National Central Bank (very likely a re-engineered IMF 2.0). The final step is micro-chipping with ‘666’ ! (emphasis mine)

    Adrian Salbuchi: The Global Elites will do Everything to Keep The Euro on its Transitional Path Towards a Global Currency that will Eventually Replace Both The Euro and The US Dollar!
    by Adrian Salbuchi for http://rt.com/
    Efforts by European leaders to shoe-horn a range of diverse countries into a rigid financial cage are doomed to fail. But that’s all part of a long-term plan for a global super-currency which can only bring more hardship to ordinary working people.


    A question that more and more people are asking nowadays is, “What on Earth were the Europeans thinking when they agreed to have just one currency for all of Europe?”
    ….
    This common supranational currency invented by the French and Germans, boycotted by the UK, ignored by the Swiss, managed by the Germans and accepted by the rest of Europe in blissful ignorance, has finally dropped its mask to reveal its ugly face: an impossible mechanism that only serves the elite bankers but not the working people.


    It masked gross contradictions as large, far-reaching and varied as the relative sizes, strengths, profiles, styles, histories, econometrics, labor policies, pension plans, industries, and human and natural resources of the 17 eurozone nations, ranging from Germany and France at one end of the scale, to Greece, Portugal and Ireland at the other.

    As we said in a recent article, the euro carries an expiry date; perhaps the eurocrats who were its midwives a decade ago expected that it would live a little longer, maybe even come of age… But they certainly knew that, sooner or later, the euro would die; that it was meant to die.

    Because the euro is not an end in itself, but rather a transition, a bridge, an experiment in supranational currency earmarked for replacement by a far more ambitious and powerful global currency issued by a global central bank, controlled by a cabal of global private bankers, obeying a New World Order blueprint emanating from a private Global Power Elite.

    The problem today is that what impacted Europe as a financial ripple effect in 2008 has now grown into a veritable financial tsunami threatening to swamp the whole euro system… And more big trouble lies ahead!

    In fact, today’s euro-troubles are nothing more than one of many variations of sovereignty-troubles. Because when a country’s leaders irresponsibly cede a part or all of its sovereignty – whether monetary, political, financial, economic, judicial or military – it had better take a really good look at what it is doing and what the implications are for the medium and long term.

    Ceding national sovereignty means that somebody else, somewhere else, will be taking decisions based on other people’s interests. Now, as long as everyone’s interests coincide, then we are OK. But as soon as the different parties’ interests diverge, then you are confronted with a power struggle. And power struggles have one simple thing in common: the more powerful win; the weaker lose.

    Now, we have a huge power struggle inside the eurozone. Who do you think will win? Who will impose new policies – Germany or Greece? France or Portugal? Britain or Spain? Germany or Italy? And that is just on the public scene. You also need to look at the more subtle, less media-highlighted private scene, which is where the real global power decisions are made.

    Will the new Italian PM, Mario Monti, cater for the needs of the Italian people or for the mega-bankers’ lodge sitting on the powerful Trilateral Commission of which he himself is European chairman? The same question goes for Greek president Lucas Papademos, also a Trilateral member. The same question goes for all the governments of the EU member states where the real power brokers are the major bankers, industrialists and media moguls sitting on the Trilateral, Bilderberg, World Economic Forum and Chatham House think-tanks and private lobbies.

    Global elites will do everything to keep the euro on its transitional path towards a global currency that will eventually replace both the euro and the US dollar. This entails engineering the controlled collapse of both currencies, whilst preparing the yellow brick road for a “Global Dollar” or some such new oxymoron.

    The US dollar will be easy to collapse: all that is needed is for the mainstream media to yell, “The dollar is hyper-inflated!!” and the Naked Emperor Dollar will fall swiftly. The euro, in turn, will simply break up as its member nations revert to the old days of pesetas, lire, francs, escudos and drachmas…

    Is the time ripe for that? Maybe not… yet. So, no doubt we will still see more “emergency treatment,” more “financial chemotherapy” to “bail out the euro” just as we’ve seen them “bail out the banks,” even though most banks and the Oxymoron Euro cannot be salvaged but just kept artificially alive, like the “Living Dead…”

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com

All scams are based on deception and mis-direction! '666' is coming!

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December 10, 2011 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , | Comments Off on Adrian Salbuchi: The Global Elites Will Do Everything To Keep The Euro on Its Transitional Path Towards a Global Currency That Will Eventually Replace Both The Euro And The US Dollar!

Alex Jones: The Real Terrorists Occupy Washington D.C.!

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December 10, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off on Alex Jones: The Real Terrorists Occupy Washington D.C.!

Lindsey Williams: The Devil’s Messiah!

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December 10, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: The Devil’s Messiah!

EU Isolation: Merkozy will Punish UK !

December 10, 2011 Posted by | GeoPolitics | , , , | Comments Off on EU Isolation: Merkozy will Punish UK !

Gaza Under Fire: Israel Air Assault Claims Civilian Lives!

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

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December 10, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off on Gaza Under Fire: Israel Air Assault Claims Civilian Lives!

Break-EUp? UK Rejects Merkozy Fiscal Power Grab!

December 10, 2011 Posted by | GeoPolitics | , , , , | Comments Off on Break-EUp? UK Rejects Merkozy Fiscal Power Grab!

D-day for Euro Thwarted by Great Britain!

December 10, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , | Comments Off on D-day for Euro Thwarted by Great Britain!

Germany And France Seek To Control The Eurozone?

December 10, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , | Comments Off on Germany And France Seek To Control The Eurozone?

Death of The Eurozone?

December 10, 2011 Posted by | Economics | , , , , , , , | Comments Off on Death of The Eurozone?

This EU Summit Will Accelerate a Euro Break-Up Not Slow It Down or Save It !

  • The Eurozone will collapse. I do not believe it will survive past 2012. The planned is for a Luciferian World Government. It will be done via a super-merger of EU 2.0 (10 Horn Beast) and a greatly enlarged, re-engineered … America 2.0 (Mystery Babylon Whore). The path is fraught with risks. But the Illuminists are hell-bent on achieving it. The next stage of their world conquest is a brute force frontal assault approach ie. World War! Those countries that refuse to submit to their new Financial and Monetary Hegemony will face the wrath of bombs! They will bomb these nations into submission!

    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.

    This EU summit will accelerate a euro break-up not slow it down or save it! 
    By , http://www.telegraph.co.uk/
    Can of worms? Pandora’s box? Take your pick but that’s what is being opened in Brussels.
    Far from saving the euro, historians may come to see this summit as the moment it finally fell apart. They will have the benefit of knowing what comes to pass over the next few weeks as the political cloud from today’s talks mushrooms over Europe.

    Having ignored the views of the minority about the euro’s flaws in the run up to its inception, the 17 members who eventually climbed aboard were happy to proceed during the debt inspired good times of the past decade. But now they are finally forced to Brussels, again, having similarly failed to grasp the recent sovereign debt crisis.

    Until recently, contemplating the break-up of the single currency was thinking the unthinkable. Now those openly discussing it – just about everybody – are merely adopting a mainstream, orthodox view. Even Nicolas Sarkozy is warning that the risk of disintegration has never been greater.

    But to avoid that, as Timothy Geithner, the US Treasury Secretary, pointed out, closer fiscal union within the eurozone is inevitable. That will be music to the ears of Angela Merkel.

    But others in Europe, namely ordinary people, may be experiencing the dawning realisation of what that really means. Power ebbing rapidly away from their national parliaments, towards the euro centre. Suddenly this process will start to feel like thinking the unthinkable for many.

    What’s on offer in Brussels is a fiscal union which represents different outcomes for different groups of countries. But both outcomes will be equally unpalatable for voters.

    In Germany, and its satellites, what’s being discussed will mean vast transfers of wealth south, to support the insolvent banks and governments of the Club Med countries. For voters in these places, such as Greece, Portugal and Italy, what’s on the agenda is the imposition of a new set of rules which are about to change their lives irrevocably. They will be forced to become like the north as they submit their national rights to tax and spend to outside supervision by the European Commission. Comply or be punished is the highly enticing prospect.

    … for more click here!

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December 10, 2011 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , | Comments Off on This EU Summit Will Accelerate a Euro Break-Up Not Slow It Down or Save It !

Marc Faber: Dissolve The EU !

December 10, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Marc Faber: Dissolve The EU !