Socio-Economics History Blog

Socio-Economics & History Commentary

Bob Chapman: Police State America!

February 6, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Police State America!

Missiles & Warships in London: UK Gears Up for Olympics or War?

February 6, 2012 Posted by | GeoPolitics | , | Comments Off on Missiles & Warships in London: UK Gears Up for Olympics or War?

Europe Coughing Up Cash for US Military Gamble in Iran!

February 6, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on Europe Coughing Up Cash for US Military Gamble in Iran!

Israeli Attack on Iran Will Pull US into Massive Battle!

February 6, 2012 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Israeli Attack on Iran Will Pull US into Massive Battle!

U.S. and Israel Set Stage for False Flag and Iran Attack!

  • “All wars are based on deception!” – Sun Tzu, The Art of War

    U.S. and Israel Set Stage for False Flag and Iran Attack 
    by Kurt Nimmo, 
    Events over the last several days reveal that the United States and Israel plan to conduct a false flag terror event to be blamed on Iran. The event will likely occur within the next six months and will result in an attack on Iran prior to the November election.

    Intelligence in U.S. and Israel Warn of Domestic Terror Attack
    Officialdom in the United States and Israel have issued a warning about an Iranian “threat stream” against Israeli “soft targets” in America. The warning arrives several days after Obama’s intelligence boss James Clapper said Iran may strike inside the United States,

    “We predict that the threat on our sites around the world will increase… on both our guarded sites and ‘soft’ sites,” states a letter sent out by the head of security for the Israeli Consul General for the Mid-Atlantic States.

    Guarded sites are Israeli government facilities like embassies while soft sites are Jewish synagogues, schools, and community centers. Yoram Cohen, the head of Israel’s security service Shin Bet, said recently that Iran’s Revolutionary Guard will attack Israeli and Jewish targets abroad in response to the assassination of Iranian nuclear scientists.

    In January it was reported Mossad was behind the assassination of Iranian nuclear scientist Mostafa Ahmadi-Roshan. “The thwarted assassination plot of a Saudi official in Washington, D.C., a couple of months ago was an important data point,” a nameless official told ABC News, “in that it showed at least parts of the Iranian establishment were aware of the intended event and were not concerned about inevitable collateral damage to U.S. citizens had they carried out an assassination plot on American soil.”

    Cohen linked the alleged threat to the discredited plot to assassinate the Saudi ambassador in October. A court document in the case revealed that the FBI and the DEA concocted the plot as a sting operation and used failed used car salesman and alcoholic Mansour Arbabsiar as a patsy. Arbabsiar, who is from Iran, thought he was participating in a drug deal.

    Despite the fallacious nature of the plot, intelligence officials used it to hype the specter of Iranian terrorism that will likely result in a false flag operation used as a pretext to invade Iran.

    “In the past few weeks, there has been an escalation in threats against Israeli and Jewish targets around the world,” an intelligence document cited by ABC News states. It warns that demonstrations against Israel “could potentially turn violent at local synagogues, restaurants, the Israeli Embassy and other Israeli sites.”

    The Israeli bulletin also provides an excuse for the TSA to step-up intrusive pat-downs and demand travelers be subjected to dangerous naked body scanners at airports across the United States.

    “According to our evaluation there is a possibility that the forged passports will be used in order to pass as Israeli citizens at the security checks in Israel and around the world. Israeli security authorities may consider an Israeli citizenship as a [criterion] to proceed with a more lenient security check in secure sites such as airports, etc.,” the bulletin explains.

    The latest warning arrives two weeks after the Turkish newspaper Zaman reported that a cell of the Quds Unit of Iran’s Revolutionary Guard planned to attack U.S. embassy in Ankara and other targets across Turkey.

    Fast Moving Timeline for War
    The latest development follows a number of events over the past few weeks that point toward a concerted attack by Israel and then the United States on Iran:

    • DEBKAfile reported earlier in the week that the United States will have 100,000 troops in the region by March. “Pentagon has been quietly massing troops and armaments on two islands located just south of the Strait of Hormuz, and within easy striking distance of Iran,” Mac Slavo wrote on January 31.

    • On Friday, the establishment media reported that Defense Secretary Leon Panetta said “there is a strong likelihood that Israel will strike Iran in April, May or June,” according to the Washington Post. The timeline is predicated on Iran entering an Israeli contrived “zone of immunity” in its unsubstantiated effort to build a nuclear bomb.

    …. for more click here!


February 6, 2012 Posted by | GeoPolitics | , , , , , , , , , , , | 1 Comment

Nike’s Kobe System: Advertisement With an Illuminati Message?

  • The Illuminists are social engineers. They are illusion magicians, ‘reality’ manufacturers, history ‘re-writers’, brainwashing engineers …. Their plan is always to own/control all the top leaders, artists, actors, people of major influence …. of the world. The strategy is to use these people to influence, mold, program … the sheeple and prepare, initiate them into the coming Luciferian New World Order. The sheeple will blindly follow their idols, leaders … talk like them, behave like them, dress like them, believe what they believe ….
  • The music industry is owned by Illuminists. It is a key brainwashing tool for the sorcery of the Illuminati. For young boys and men, the basketball culture is particularly influential. And yes the sports wear industry is Illuminist owned. (See also: Kobe Bryant And LeBron James Illuminati Members?)

    Nike’s Kobe System: Advertisement With an Illuminati Message 
    Nike’s Kobe System promotional ads feature basketball player Kobe Briant posing as a useless motivational speaker who “guides” people that are already successful to…beyond success. The entire thing is funny and ridiculous but the strong symbolism present in the ads hint to the “true” nature of success…and what happens “beyond” it. Here’s one example of the series of ads.


February 6, 2012 Posted by | Social Trends | , , , , | Comments Off on Nike’s Kobe System: Advertisement With an Illuminati Message?

US And Zionist Israel: Promoting War, Spurning Peace!

  • The sheeple do not know what is going on. I don’t blame the American or Israeli sheeple. They are manipulated and deceived by their Illuminist leaders and MSM. Unfortunately, they are just brainwashed cannon fodder, useful idiots. They need to wake up and stop obsessing over: Desperate Housewives, Korean dramas, football, sports, what to wear/eat … etc. My observation is that most of them will never awaken. Their situation awareness is zero. I see people who are mentally 12 year olds even though they are in their 30s-50s! Gullible and naive!

    Promoting War, Spurning Peace! 
    by Stephen Lendman, 
    US and Israeli agendas need enemies. Both pursue rogue state policies.
    They defy international laws and conventions, applying rule of law standards to others, not themselves. Their interests alone matter, no matter the toll on others. When enemies don’t exist, they’re invented. Fear stirs public angst. Major media scoundrels spread it. Propaganda substitutes for truth and full disclosure.

    America’s had no enemies since WW II. Israel’s had none since the 1973 Yom Kippur war. However, you’d never know it from regular spurious claims. Haaretz writer Amos Harel reported the latest in his February 2 article titled, “Some 200,000 missiles aimed consistently at Israel, top IDF officer says,” saying:

    Military Intelligence chief General Aviv Kochavi alleged “a more hostile, more Islamic, more sensitive Middle East, one more attune to public sentiment, less controlled by the regimes, and less susceptible to international influence,” despite no evidence whatever proving it.

    In fact, clear evidence suggests the opposite. Since regional uprisings began a year ago, some names and faces changed, nothing else. Policies remain the same. Regime abuses and indifference to public need continue in Egypt, Tunisia, Yemen, Bahrain, and elsewhere, despite public anger and calls for change. Kochavi stoked fear with lies, alleging 200,000 missiles target Israel. Iran, Syria, Hezbollah and Hamas are blamed.

    Iran’s alleged nuclear threat further escalates tensions, despite no evidence one exists. Nonetheless, he said, if Ayatollah Khomenei “issues a command to achieve a first nuclear explosive device, we estimate it would take another year before that’s achieved.” On February 1, IDF Chief of Staff Benny Gantz made similar accusations. He emphasized heightened regional threats and said Iran’s nuclear program must be stopped. Calling it a “global problem and a regional problem,” he left unaddressed its legal peaceful purpose in contrast to Israel’s nuclear proliferation agenda.

    He lied saying “There is no doubt that Iran is seeking military nuclear capability.” Israel’s had one for decades. It’s nuclear armed and dangerous. In his 1997 book titled, “Open Secrets: Israeli Foreign and Nuclear Policies”,” Israel Shahak said “Israel (is) clearly prepar(ing) itself to seek overtly a hegemony over the entire Middle East (with no) hesitati(on) to use for the purpose all means available, including nuclear weapons.”

    Moreover, its longstanding policy dictates responding robustly if attacked, including with nuclear weapons. America has the same standard. Both are aggressive. As a result, world peace hangs in the balance. They and rogue partners threaten it, not Iran, Syria, Hezbollah or Hamas.

    Nonetheless, strategy includes spewing lies to blame victims. According to Gantz, other Gulf states worry about Iran’s alleged nuclear program. Moreover, he claimed:

    “(W)e must not forget one basic thing: Israel is the only country in the world which someone is calling for its destruction and which someone is building the tools to do so. This is something that cannot be ignored.”

    Spuriously suggesting Iran, Gantz said “The world and the region must continue to isolate” the Islamic Republic, despite no threat whatever from its leaders. Nonetheless, he added:

    “It is correct to continue economic pressure and sanctions, from which we are starting to see signs of achievement and progress in terms of what is going on in Iran. It is correct to act and continue to disrupt processes associated with the development of the Iranian nuclear project and to work to enhance oversight over what is happening.”

    Only Iran’s leaders “will decide at the end of the day if it will give up on a military nuclear capability. But determined and consistent action will (lead) to this strategic insight.”

    Gantz and other Israeli officials know Iran’s nuclear program is entirely peaceful and legal. In contrast, Israel defies NPT (Nuclear Non-Proliferation Treaty) provisions. It never signed the treaty. Iran did in 1968 and abides fully with its standards. Israel operates lawlessly like its Washington paymaster/partner.

    … for more click here!

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


February 6, 2012 Posted by | GeoPolitics, History | , , , , , , , , , , | Comments Off on US And Zionist Israel: Promoting War, Spurning Peace!

Beware The Ides of March in 2012: The Double Blow of Economic Collapse And World War Is Coming!

  • Satanist Albert Pike and Three World Wars 
    The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.

    Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.

    Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.” 4
  • The Illuminist plan is: global economic, financial and monetary collapse leading to WW3. It is a question of when and not whether! Q22012?? Sept/Oct 2012?? If they decide to allow Greece to default on 20 March 2012, the whole calamitous chain of events may be triggered. (emphasis mine)

    Beware The Ides of March in 2012: The Double Blow of Economic Collapse And World War Is Coming 
    by Saman Mohammadi, 
    … The world economy is on the brink of a crisis that will end modern civilization as we know it.
    Nations, or I should say banking colonies, will collapse left and right. Global poverty and unemployment rates have risen to levels that are socially and economically unmanageable under the current global financial, political, and bureaucratic system which favours the few at the expense of the many.

    It is fitting that the collapse of Western Civilization is beginning in its ancient cradle, Greece. This great nation has fallen to the banksters who are behind the despotic new world order.

    In the article, “Art Cashin: Beware The Ides Of March–Or Maybe A Few Days Later,” journalist Gus Lubin says that global investors are expecting a structured default to take place in Greece on March 20. Some people believe a Greek default and a collapsing global economy is a good and beneficial development for the planet, especially anti-growth radicals in elite and new age circles who are committed to the view that the planet is under attack from economic development and modern industrialization.

    They don’t mind seeing nations like Greece go under. They justify their economic warfare and financial looting by saying the destruction of national economies is done for the sake of the environment. But the real reason for bankrupting nations such as Greece and America is to consolidate political power and create a global authoritarian police state.

    Nations that are not in the Banksters’ sphere of political and economic influence like Libya are overthrown and bombed, and nations that are like America are pillaged and burned to the point of collapse.

    Engineering A “Clash of Civilizations” To Destroy The Global Economy, Save The Environment, Reduce The World Population, And Maintain The Global Status Quo

    The anti-growth Western elites want a third world war erupt in the Middle East, with Israel and the forces of the West on one side, and Iran and the forces of Islam on the other side. They believe that the world economy is a threat to the global environment and that creating a divine “Clash of Civilizations” is a solution to this mega problem because it will lead to a catastrophic world war and the destruction of the world economy.

    This “Clash of Civilizations” has been set up between the West and Islam in such a way that both civilizations will be destroyed by the end of the epic struggle, and pave the way for a new, global, post-industrial civilization to emerge out of the shadows and out of the ruins.

    But in order for there to be a mythical “Clash of Civilizations,” the globalists in Washington must first create the Islamic Ummah, with Islamic fundamentalists in power throughout the Middle East, Central Asia, and North Africa, from Egypt to Iran, Libya to Afghanistan.

    The process of Islamisation is not spontaneous, but generated by British and American intelligence agencies. Their aim is to put culturally backward and power-hungry theocratic thieves in charge in Muslim societies, rather than allow secular and nationalist democracies to develop and modernize the Islamic world.

    Any prominent Muslim leader in the Middle East who is against the forces of Islamic fundamentalism, and who has the power to shift Western popular perceptions about the East, is pushed out of the picture by the globalist owned CIA and MI6. This is what happened to the legendary Afghan Mujahideen commander Ahmad Shah Massoud, who was planning a democratic future for his war-torn country but was murdered by CIA trained Al-Qaeda terrorists on September 9, 2001.
    Massoud was a real warrior and heroic revolutionary, unlike the villainous snake and coward Khomeini, who was supported by the MI6 and CIA.

    What occupies the minds of the Illuminati elites in America, England, Israel, and Iran is creating a global dictatorship out of the fires of the coming great clash between the two worlds, not the survival of the countries that they rule over. The belief that America’s rulers won’t let Iran close the Strait of Hormuz because that act would turn off the world economy implies that America’s rulers actually care about the world economy. But they don’t. They want America’s economy and the world economy to collapse. Privately, they will welcome a closure of the Strait of Hormuz, but publicly they’ll scream like crazy and pretend to defend the interests of the world economy.
    Also, the belief that Iran won’t use all its means to shut down the Strait of Hormuz because that would be an act of national suicide is grounded in the false understanding of the Islamic Republic of Iran’s goals and methods.

    The roots of the regime are in shadowy soil of Western intelligence agencies. The shadow CIA and shadow Mossad have cooperated with Islamist fanatics in Iran since 1953 when they were called on to agitate in the streets against the democratically elected government of Mohammad Mosaddegh.

    When the Shah’s time had come to an end in 1979, the CIA and MI6 manipulators brought in the same Islamic fundamentalists to rule Iran for them while posing on the wold stage as antagonistic and ideological rivals. Khomeini’s rise to power as Iran’s Supreme Leader assured the success of the Globalist/Illuminati agenda.

    The elite magicians of the West have a long view of history. They knew the Soviet Union would fall one day so they made preparations for that event in the geopolitical and ideological terrain.

    … for more click here!


February 6, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on Beware The Ides of March in 2012: The Double Blow of Economic Collapse And World War Is Coming!

How Khazarian Ashkenazi “Jews” Invented Modern Terrorism Before 9/11 !

“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” from 4:22 onwards

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


February 6, 2012 Posted by | GeoPolitics, History | , , , , , , , , | Comments Off on How Khazarian Ashkenazi “Jews” Invented Modern Terrorism Before 9/11 !

Israel’s Vice PM Advocates Supporting Terrorism Against Iran!

  • Zionist ‘666’ Israel is not the Israel of the Bible. Ashkenazi Khazars (90+% of modern Jewry) are not the Jews of the Bible! The Christian sheeple are greatly deceived !

    Israel’s Vice PM Advocates Supporting Terrorism Against Iran! 
    by Madison Ruppert, The Intel Hub 
    Statements from Israeli officials tend to be veiled (admittedly, the veil is quite thin indeed) in order to retain at least some semblance of legitimacy in the eyes of the international community. That was dashed today with statements from Israel’s Vice Prime Minister and Strategic Affairs Minister, Moshe Ya’alon, at the closing day of the Herzliya Conference.

    He said that the international community still had many tools ready to be utilized in the West’s efforts to stifle the Iranian nuclear program (which does not have military applications, something which Panetta has reluctantly admitted on no less than two separate occasions which you can read about here and here).

    Most of these were to be expected, including economic sanctions (many of which are already in place), international pressure (which is already being applied), military actions (which are being prepared for with the American naval presence in the region and the troop buildup along with arming of surrounding states), and most noteworthy “support of Iranian opposition.”  While that phrase might sound innocuous to the uninformed, to someone like me and my readers, it rings alarm bells the size of Texas.

    The United States and Israel have been busted funding so-called Iranian opposition, which would be regarded as terrorists and nothing else were they operating in any other country. Most recently, it was revealed that Israel had been coordinating with the Pakistani terrorist organization Jundallah, while pretending to be Americans.

    The United States itself also has a long history with the Mujahideen-e Khalq, or MEK, something which Tony Cartalucci and many others have covered in great detail. Ya’alon was quite clearly referring to this activity and advocating that this strategy of supporting terrorism in an attempt to destabilize Iran and hopefully enact regime change not end but indeed be increased.

    This is especially ironic seeing as one of the most tired accusations leveled at Iran and their leaders is that they support terrorism abroad. Seeing how Israel and the United States do this, and are now openly advocating ratcheting up the practice, there really could not be a more absurd thing to condemn Iran for.

    Ya’alon also made some interesting statements which hinted at infiltration of the Iranian nuclear program by intelligence agencies or assets of said agencies, like the Mossad, CIA, or British intelligence. Ya’alon stated that “any facility protected by humans can be infiltrated by humans. It’s possible to strike all Iran’s facilities, and I say that out of my experience as IDF chief of staff.”

    This is especially noteworthy when considered with the statements made recently by United States Secretary of Defense Leon Panetta in which he said even the United States’ heaviest and most powerful “bunker buster” bomb could not reliably penetrate into and thus completely destroy Iran’s underground nuclear facilities.

    … for more click here!

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


February 6, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Israel’s Vice PM Advocates Supporting Terrorism Against Iran!

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low!

  • Here is how the Bureau of Lying (ahem Labor) statistics dropped the unemployment rate dramatically last Friday! Yes people: the US economy is recovering, getting stronger … believe believe believe …. pigs can fly … their only problem is landing … believe believe believe !

    Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low! 
    by Tyler Durden, 
    A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

This is the largest absolute jump in Persons Not In Labor Force on record...and biggest percentage jump in 30 years.Source:


February 6, 2012 Posted by | Economics | , , , | Comments Off on Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low!

Juncker Warns Of Greek Default As Europe’s Patience With Greece Runs Out !

Illuminists are lining up the dominoes for a collapse of the Eurozone!

  • The idea that PSI (private sector investors) will accept a 70% haircut and restructure Greek debt ‘voluntarily’ ie. cannot be declared as default, while the ECB and IMF will take no losses is questionable. Why would anyone exchange their existing loans/bonds for more loans at an even longer time period when it is clear that Greece has no ability to pay?
  • Even after all the planned debt forgiveness and restructuring, we are talking about debt to GDP of 120%. With the collapse of the Greek economy and the PIIGS situation, how likely is it that PSI will see their money back? Not likely at all. The rational thing for the PSI to do is to reject compromises and force Greece into a hard default. Then PSI can claim insurance using their CDS. This is of course something which the banksters do not want. They are the parties which issued the CDS and have to pay out.
  • The Illuminist banksters will paint a picture that it is all Greece’s fault. In reality, what these Illuminist banksters have offered are more debts (not bailouts, it is a misnomer) upon existing debts. The sane thing for Greece to do is to declare a hard default! The Greeks should not be made to pay odious and fraudulent debts created by Illuminist banksters in collusion with Illuminist politicians.

    Juncker Warns Of Greek Default As Europe’s Patience With Greece Runs Out ! 
    by Tyler Durden, 
    Following up on our report from this morning that according to former Greek defense minister, German submarine chief procurer, and not to mention Jenny Twenty repeat offender, Evangelos “Xanax” Venizelos, we learn that the god of Deus Ex Machinae is about to abandon Greece, after an announcement by that most magic unicorn-infatuated of bureaucrats, Eurogroup head Jean-Claude Juncker made it clear that Greece is all but finished.

    As Reuters reports, “The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.” Translation: A Greek default on that €14.5 billion bond maturity D-day of March 20, is now inevitable. In an advance copy of comments to news weekly Der Spiegel, Jean-Claude Juncker was quoted as saying Greece could no longer expect solidarity from other euro zone members if it cannot implement reforms it has agreed. “If we were to establish that everything has gone wrong in Greece, there would be no new programme, and that would mean that in March they have to declare bankruptcy,” he said. So after years of delaying the inevitable sovereign Lehman weekend, it is finally here. As a reminder, when Lehman filed, everyone, at least those in charge, thought the fall out could be contained. It couldn’t, and the Fed had to step in with roughly $30 trillion in backstops, guarantees, and asset purchases. The same will happen this time.

    Curiously, it was none other than Zero Hedge who said back in April of 2010, that Greece should just cut the cord and get on with it, because “Not only will a delay in defaulting do nothing for the economy except bleed it to death slowly, but ever more frequent risk flare episodes culminating in bank runs will intensify the deposit outflows and impair the banking system beyond repair (for depositors to keep their money in Greek banks, they need to be compensated for the risks: double digit rates sound about right), thus dooming any hope for an economic recovery.” Funny how correct we were on that assessment, just two years ahead of the Eurozone’s kleptocrats. On the other hand, having called Europe’s bluff for as long as it did, is also an admirable development, if only instead of recycling the cash mooched out of Germany to pay European banks, it had been injected back into the economy and not into German submarines….

    As for next steps, the only question now is what happens in that critical interval between February 29 when the second ECB 3-year LTRO takes place, and March 13, when the next FOMC statement is due, incidentally just after the BLS announce that all the labor numbers in the past few months were really just a joke, and the economic contraction is about to hit the US despite what those who believe that the market, and thus the economy, is really just a reflection of one month’s seasonal labor adjustment.

    And while in the past imminent deadlines were always promptly forgotten this time around, Greece may have boxed itself into a corner, having said earlier today that all must be set in under 24 hours or else the bailout is off the table. Alas, there will be no resolution tomorrow.

    … for more click here!


February 6, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Juncker Warns Of Greek Default As Europe’s Patience With Greece Runs Out !

Lindsey Williams: Imminent Financial Collapse, Bank Holiday And 40% Devaluation of Dollar!

February 6, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: Imminent Financial Collapse, Bank Holiday And 40% Devaluation of Dollar!