Socio-Economics History Blog

Socio-Economics & History Commentary

Europe’s Top Bank Regulator: The Crisis Has Reached a Systemic Level !

  • The question is no longer whether the Eurozone will crash. It is when? I don’t think it will be so soon. At least not the next 4 weeks. Everyone is on holiday including the bankster snakes. The earliest they will return to work is mid January to end January. The snakes will only pull the plug sometime in the August time frame, just in time for the Iran war in Sep/Oct 2012. What will happen from now until then are just political theatre, consolidation of power and more financial raping of the sheeple!

    Europe’s Top Bank Regulator: ‘The Crisis Has Reached a Systemic Level’ 
    by http://www.spiegel.de/ 
    A stress test performed on European banks last week found a capital shortfall of some 115 billion euros. In a SPIEGEL interview, European Banking Authority head Andrea Enria defends the decision to perform the stress test and discusses the huge challenges facing the European banking sector.

    SPIEGEL:
    Mr. Enria, the European Banking Authority was established with the aim of stabilizing the banking system. Has that plan worked out?
    Andrea Enria:It is far too early to say. We started in January, in a very difficult market environment. It is like we are building our house and living in it, while outside there is a storm. But there are some very positive indications: One of the major shortcomings before the establishment of the EBA was the inability to decide and coordinate policy actions within the European Union. Already in the first months of its activity, the EBA has shown that this is different now.

    SPIEGEL: At the moment it looks like the European banking system is more fragile than ever. What went wrong?
    Enria: The banking sector has made major efforts to strengthen since the collapse of Lehman Brothers. But now the sovereign debt crisis is putting a lot of pressure on bank funding, especially in countries under stress. Since July, only a few banks have been able to finance their operations, and only at very high prices. If banks don’t have funding, they don’t lend, and this affects the real economy. We are locked in a vicious circle and we must try to break it.

    SPIEGEL: Yet last week’s stress test and the new capital requirements seem to have destabilized the situation even further.
    Enria: The problem is that everybody seems to look at the exercise as a sort of beauty contest: Are German banks better than Italian banks or the British ones? But that is not the point. We have to look at what is needed for the European banking sector. We have to put enough capital into European banks to make sure they can withstand shock and continue supporting the economy. The crisis has reached a systemic level. This is not about finger-pointing at weak banks.

    SPIEGEL: German banks are complaining about how it has been done. They say your actions have been chaotic and that criteria have been continuously changed.
    Enria: To some extent, I can understand the complaints of banks about us creating uncertainty and changing the rules, but this is necessitated by the need to ensure a level playing field. Every time we start an exercise, we realise how diverse the regulatory environments are. So we have to adjust as we move along, giving instructions that are the same for each bank in the European Union.

    SPIEGEL: Is it asking too much of you and your small team to regulate the European banking system?
    Enria: It is very difficult. But the European system for financial supervision is the EBA and the national supervisors. We do not have to supervise the whole system on our own. Our mandate is to make sure that the authorities work together in a coordinated way.

    … for more click here!

end

December 13, 2011 Posted by | Economics | , , , , , , , | 2 Comments

Marc Morano: World Government Built on Eco-Fascism To Control All !

December 13, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off on Marc Morano: World Government Built on Eco-Fascism To Control All !

Lindsey Williams: The Coming War With Iran And The Start of World War 3!

  • JMP Live 2011-12-09Lindsey Williams This is the live broadcast of 9 December 2011 featuring pastor Lindsey Williams. Lindsey Williams provides a follow-up on Iran, oil and the globalists’ plan for war on the Islamic nation. Some key points are 2012 The Beginning Of The End , the Debt Crisis -What in the world is going on? -2012 Predictions from the Elite -The Dollar, Debt, Fear, Fuel in 2012 – Division among the Elite -Why 2012 and not 2000 -The Devil’s Messiah according to the Elite -Divine Manifestation …

    As the Fed continues their circus of printing money we the people PAY A HEAVY PRICE. Please wake up and look all around you food prices are in the rise we are going to suffer unless we take ACTION NOW and EDUCATE ourselves of what is coming.

WW3 to start Sep/Oct 2012 ?

end

December 13, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Adrian Salbuchi: 12 Triggers – From “Globalization” To World Government !

  • See earlier video here:

    Adrian Salbuchi reviews the 12 Triggers
    being used by the Global Power Elite to drive the worldwide transition from “Globalization” to World Government during 2010 and forecast into 2011. Also give details on his new eBook in English, “The Coming World Government: Tragedy & Hope?”.

    12 Triggers
    1. Financial Meltdown (Coming One World Currency backed by Gold)
    2. Economic Crisis
    3. Social Upheaval
    4. Pandemics
    5. Global Warming
    6. False Flag Attack
    7. War in the Middle East
    8. More ‘Eco-Accidents’
    9. Political Assassination
    10. Attack on ‘Rogue State’
    11. Staged ‘Religious Event’
    12.  Staged ‘Alien Contact’

end

December 13, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Adrian Salbuchi: 12 Triggers – From “Globalization” To World Government !

Adrian Salbuchi: Euro Expiry Date – Banksters Take Over!

  • YouTube:
    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.

    In Greek mythology, Procrustes was the son of Poseidon, God of the deep blue seas. He built an iron bed of a size that suited him, and then forced everybody who passed by his abode to lie on it. If the passerby was shorter than his bed, then Procrustes would stretch him, breaking bones, tendons and sinews until the victim fitted; if he was taller, then Procrustes would chop off feet and limbs until the victim was the “right” size…

end

December 13, 2011 Posted by | Economics | , , , , , , , , , | Comments Off on Adrian Salbuchi: Euro Expiry Date – Banksters Take Over!

Bullets & Bombs ‘Humanitarian Assistance’ To Help Syria?

December 13, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off on Bullets & Bombs ‘Humanitarian Assistance’ To Help Syria?

Michel Chossudovsky: US Covert Actions/Provocations In Iran is a Violation of International Law! The Early Stages of All Out War Against Iran!

December 13, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off on Michel Chossudovsky: US Covert Actions/Provocations In Iran is a Violation of International Law! The Early Stages of All Out War Against Iran!

Peter Schiff: All The Speculators, All The Bankers…All The Financiers Want Inflation!

December 13, 2011 Posted by | Economics | , , , , , , | Comments Off on Peter Schiff: All The Speculators, All The Bankers…All The Financiers Want Inflation!

Moscow Sees ‘No Military Component’ in Iran’s Nuclear Program!

  • Beware of all the propaganda and psyop in the western MSM. The agenda of the Illuminists is the Satanic World War 3 Plan. Iran is a signatory to the Nuclear Non Proliferation Treaty (NNPT) which Israel consistently refuses to sign! Iran is entitled/allowed under international law a civilian nuclear power generation program. Iran does not have nuclear weapons or a nuclear weapons program. There are no evidence whatsoever of a Iranian nuclear weapons program. Zionist ‘666’ Israel has at least 400 nuclear bombs and has used Depleted Uranium on Palestinian civilians in Gaza. See: Israel Using Depleted Uranium Against Gaza Victims . It is a genocidal criminal state flying a ‘666’ flag!

    Moscow sees ‘no military component’ in Iran’s nuclear program 
    by http://en.rian.ru/ 
    There is no military component in Iran’s nuclear program, Russian Deputy Foreign Minister Sergei Ryabkov said on Friday. Western powers and Israel suspect Iran of seeking to build nuclear weapons. Iran denies this, saying its program is civilian in nature. Speculation has been building that Israel is considering a preemptive strike on Iran’s nuclear facilities.

    “We have verified data showing that there is no reliable evidence for the existence of a military component,” Ryabkov said. “There is no proof of a military component in Iran’s nuclear program.”

    It is essential to “clear all the remaining doubts through negotiations,” he said, adding that it was important for Iran to closely cooperate with the International Atomic Energy Agency (IAEA).

    The IAEA said in a report released in early November that Iran continued nuclear weapons research and technology development after 2003, at a time when it declared a halt in its nuclear program. The report said that Iran had temporarily frozen nuclear activities, but that there was evidence the program continued to be carried out at a more modest pace. Iranian officials slammed the report as a distortion of facts aimed at satisfying U.S. political interests.

end

December 13, 2011 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Moscow Sees ‘No Military Component’ in Iran’s Nuclear Program!

The Daily Bell: BIS Calls for Hyperinflationary Depression?

  • Eventually, the ‘solution’ which the Illuminist banksters will adopt to bail out all their banks is the massive creation of money out of thin air. These Illuminist banks are exposed to the tune of US$600Trillion in the fraudulent derivatives market. Some say the figure is closer to US$1,500 Trillion. No one knows for sure because it is a OTC (Over The Counter ie. private) opaque and unregulated market.
  • JP Morgue has something like US$90+Trillion of derivatives, Goldman Sucks about US$40+T … How exactly do you lose or write off US$40T? The entire world’s GDP is only US$60-65T. The amount is insane. What if a cup of coffee costs US$1T? Then US$40T is only 40 cups of coffee. It is no big deal. I can afford 40 cups of coffee too. So, how do you get a cup of coffee to the price of US$1T? Hyperinflation, by creating a massive amount of money out of thin air! The  Euro, UKP, JPY … USD (ie. all major fiat currencies) are toast! Minor fiat currencies will not survive the hyperinflation onslaught!
  • The BIS (Bank of International Settlement) is a private Illuminist bank owned by the 13 Satanic bloodlines, mainly Rothschild.(emphasis mine)

    BIS Calls for Hyperinflationary Depression? 
    by http://thedailybell.com/ 
    The Bank for International Settlements Sunday issued an oblique endorsement of coordinated action by the world’s largest central banks to ease funding conditions for banks. “A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner,” the BIS wrote in its regular quarterly report.” – MarketWatch

    Dominant Social Theme: Inflate! And everything will work out.

    Free-Market Analysis: We’ve already indicated that we believe the Anglosphere power elite is attempting to create a kind of Great Depression in order to ease the path of world government. This squib of an article in MarketWatch (excerpted above) – unnoticed by most of the mainstream press – only reconfirms our impression.

    It endorses recent “coordinated” central banking loosening. But it does more: “A freezing of interbank markets in major funding currencies, as during the recent crisis, may require the ability to supply official liquidity in major currencies in an elastic manner.”

    Think about that. The BIS, whatever it is, is all for printing lots of money. And the BIS is no small-time trade group. It is perhaps the most powerful (and least known) global business body in the world. Its mysteries are manifold. its workings are well-hidden.

    Of course, somebody actually set up the Bank for International Settlements in the late 1930s. And since then someone has set up or helped set up about 200 central banks around the world, many of them reporting directly to the BIS. But who? And how did it happen? Dunno.

    Who speaks to the head of a state, asking him or her to set up a central bank? Dunno. Do you? Why is that Libya, Afghanistan and Iraq have central banks when they didn’t before, or not the kind they do now? Did you read about it?

    Meh … this ruinous financial system is not a plant or a tree. It did not grow spontaneously. It did not grow naturally. And we would submit to you that those who created it know what they’re doing.

    The key as always is to pretend that one does NOT know. The key is to create cognitive dissonance. Even today, if you asked the average person-on-the-street if the powers-that-be are trying to create a Depression (let alone a hyperinflationary one), you would get the ol’ crazy look, as in … “What is this fellow … nuts?”

    But, no, nothing nutty about it. The European Union and the euro are grinding a whole European generation into dust. China’s burgeoning middle class is about to get walloped if China ends up in a proverbial hard landing, as well it might. The US has NEVER recovered from the disaster of the mid-2000s (first decade) nor shall it for the foreseeable future.

    Into this morass steps the BIS, with its suggestion (above) that further monetary inflation is the only viable solution to the problem that central banking itself has created.

    Smile … and nod! Don’t acknowledge the reality that the ruin is a central banking ruin. The monetary decay is the result of a monopoly fiat. The great dollar expansion yet to come is also a direct outcome of the current system that was put in place after World War II.

    No, it’s not hard to discern what’s going on if one simply disassociates oneself from the endless nattering of the mainstream media. Analyze what IS instead of what is SUGGESTED and the reality shall gradually become clear.

    DB’s manifestly accurate High Alert (published some four years ago now) was written because we were tracking what was actually happening to the world’s economy instead of what was being reported ….

    A financial hurricane is washing over America and, to a lesser extent, the entire West. To label it the “downstroke” of a super business cycle does not do it justice. These events occur in cycles, with the last one taking place in the 1970s — a mild storm compared to what is occurring today. …

    A strong inflation, even a soft hyperinflation, already has a grip on Western currencies, most notably in the United States — as anyone who buys groceries is aware. The dollar’s plunge may be delayed by a kind of “race to the bottom” as other central banks adjust their currencies to reflect the weakness of the dollar.

    In his “Great American Depression,” free-market economist Murray Rothbard explains the ramifications of hyperinflation as follows: “Hyperinflation, on any count, is far worse than any depression: It destroys the currency — the lifeblood of the economy; it ruins and shatters the middle class and all fixed income groups; it wreaks havoc unbounded. And furthermore it leads finally to unemployment and lower living standards since there is little point in working when earned income depreciates by the hour.” (You can read the full book online here.)


    THIS is what the BIS seems to have in mind. This is the fate that has been decreed, apparently, by those who want to crush middle classes around the world in order to create a “new world order.” Out of chaos … order.  It is quite clear. Follow what IS rather than what you are being TOLD.

    The BIS wants to inflate. it ENDORSES inflation. The proximate cause is the unraveling of the current financial system. But it is “their” system. They made it. They watched it rise and fall. It was obvious that it could not end in anything other than a massive contraction and perhaps hyperinflation.

    The contraction – incipient Depression – has already taken place. Best case, the powers-that-be would stop trying to prop up failing markets and let the downturn have its way as quickly as possible. This they will not do. Instead, the next phase of an increasingly horrific scenario is about to unfold.

    Rather than let the market alone, the elites are apparently readying massive central bank monetary inflation around the world. That’s the real message of this innocent little squib of an article, so far as we can tell.

    The BIS, in its inoffensive way, is signaling that the current level of disaster and despair is not good enough. The agony is not sufficient. The new world order is to be birthed on the graves of millions, and nothing but hyperinflation (and/or war) will produce the sufficient level of chaos. Here’s some more from the article:

    The U.S. Federal Reserve 10 days ago agreed to expand, and reduce the cost of, multilateral swap lines with five other large central banks, notably the European Central Bank, in an effort to restore access to dollar funding for European banks. Euro-zone banks used the new facility to borrow $50.7 billion at a rate of 0.59% at the first operation after the announcement.

    … for more click here!

end

December 13, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off on The Daily Bell: BIS Calls for Hyperinflationary Depression?

Rabbi Weiss: Zionism is a Heresy And a Rebellion Against God ! The Whole Existence of The State of Israel is a Crime!

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

end

December 13, 2011 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Rabbi Weiss: Zionism is a Heresy And a Rebellion Against God ! The Whole Existence of The State of Israel is a Crime!

Israel vs Iran = World War 3, as Iran Will Retaliate if Attacked !

  • The greatest threat to world peace isn’t Iran. It is Zionist ‘666’ Israel, the Satanic counterfeit flying a Satanic ‘666’ Hexagram flag. It is the 4/5th strongest military power in the world with at least 400 nuclear bombs. It is a genocidal, war mongering state, practising ethnic cleansing and apartheid while pretending to be a victim!

    Noted Israeli military historian Martin van Creveld stated that Israel could find itself one day forced to exterminate the European continent using all kinds of weapons including its nuclear arsenal if it felt its demise neared
    by http://www.palestine-info.co.uk/
    Noted Israeli military historian Martin van Creveld tated that Israel could find itself one day forced to exterminate the European continent using all kinds of weapons including its nuclear arsenal if it felt its demise neared, stressing that Israel also considers Europe a hostile target.

    This came in a press interview broadcast by the seventh Hebrew radio and was translated on Wednesday into Arabic by the press information analysis and study center.

    “We have hundreds of nuclear warheads and missiles that can reach different targets in the heart of the European continent, including beyond the borders of Rome, the Italian capital,” Creveld said, adding that most of the European capitals would become preferred targets for the Israeli air force.

    The Israeli historian reiterated Israel’s ability to destroy the whole world whenever it felt its existence would be doomed to extinction. As for the Palestinians, the historian said that Israel at the present time pursues a specific strategy based on mass deportation of the Palestinian people and has intentions to expel all Palestinians without exception, but it is awaiting the right moment to take this step.

    “Two years ago, there was only seven to eight percent of the Israelis believing in this solution towards the Palestinians and just two months ago this percentage rose amongst the Israelis to 33 percent, but today, according to a survey conducted by Gallup institute, this figure surged to 55 percent,” he noted.

    The historian highlighted that Israel must take advantage of any incident that would give it a golden opportunity to expel the Palestinians as happened in Deir Yassin massacre in 1948.

    Replying to a question whether Israel does not have fears of being classified as a criminal state if it expelled Palestinians, he said, “Israel is a state that does not care about what others say about it and you must remember the saying of former defense minister Moshe Dayan when he said that ‘Israel must always act as a wild dog because it should be dangerous in the eyes of others, rather than be harmed.’”

  • I want to quote to you now from one of my Panorama interviews with Golda Meir …. “Prime Minister I want to be sure I understand what you’re saying… You are saying that if ever Israel was in danger of being defeated on the battlefield, it would be prepared to take the region and the whole world down with it?” Without the shortest of pauses for reflection, Golda replied: “Yes, that’s exactly what I’m saying.” ….. How, actually, would the Zionist state of Israel take at least the region down with it? It would arm its nuclear missiles, target Arab capitals, then fire the missiles.
    Alan Hart, Author of Zionism: The Real Enemy of the Jews

Daily Mail UK

by Warner D. Farr, LTC, U.S. Army, http://www.au.af.mil/

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

end

December 13, 2011 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Israel vs Iran = World War 3, as Iran Will Retaliate if Attacked !

World War 3 Under Construction: Pakistan & The Drone War!

  • 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.

US: Money only for wars and banksters!

The US 'defence' budget is easily above US$1Tillion for 2011 when all the discretionary spending are added !

December 13, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off on World War 3 Under Construction: Pakistan & The Drone War!