Socio-Economics History Blog

Socio-Economics & History Commentary

Bob Chapman: Financial Vehicles of Mass Destruction!

March 3, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Financial Vehicles of Mass Destruction!

Ancient Aliens: Season 3 Episode 14 – Aliens And The Undead !

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March 3, 2012 Posted by | EndTimes, History, Social Trends | , , , , , , , | 3 Comments

Media War Enters New Stage Ahead of Iran Attack: The NBC-Greenwald Debate Is A Sign of Future Discord !

  • Be wary of all the Zionist Illuminist war propaganda driving us to war with Iran. They promote lies intentionally to fulfil the Illuminati’s Satanic World War 3 Plan. Iran is not a threat to the world and not even to Zionist Israel. Think about it: if Iran were to use Hezbollah and launch an all out war against Zionist Israel, the Zionists will have the justification they need to attack Iran and use their 400 nuclear bombs! The Iranians are not that stupid. If they were to start a war, both Russia and China will find it hard to back them up in the face of global outrage. They will be annihilated. Why would Iran launch an attack against Zionist ‘666’ Israel when they know the sole super-power America with 10,000+ nuclear bombs is all ready to reply?
  • The only way for Iran to survive is with the backing of Russia and China. Without it, it is Adios Amigo! They know it and are not that stupid to fall into the western Illuminati’s trap of covert war to provoke a military reply. The Illuminist west is putting Iran under an existential threat. The idea that Zionist ‘666’ Israel with 400+ nuclear bombs is under existential threat is pure nonsense. This is a genocidal, neo Nazi state committing acts of genocide and ethnic cleansing against the semitic Palestinian people for the past 64+ years!

    Media War Enters New Stage Ahead of Iran Attack: The NBC-Greenwald Debate Is A Sign of Future Discord !
    by Saman Mohammadi, The Excavator 
    The global infowar is intensifying. The minds of men and women are awakening worldwide. The truth that the 9/11 terror attacks were committed by the shadow totalitarian governments in Israel and the United States is reaching global critical mass.

    But as night falls, the armies of propaganda in the world press are once again advancing on the global information battlefield with the goal to brainwash the global public of a “looming threat” to the international system.

    In 2002, it was Iraq. This time the target is Iran. NBC, ABC, CBS, Fox News, PBS, CNN, The New York Times, The Washington Post, and Time Magazine are all lining up their troops to wage a info-military assault on the American public mind in preparation for a U.S.-Israeli-Saudi preemptive strike on Iran.

    But Iran is not Iraq, and 2012 is not 2002. The dynamics of the global information battlefield have changed considerably in a decade. Global info-warriors have planted mines of truth on the route to war with Iran. The global alternative media is countering military propaganda from Washington, London, and Tel Aviv with fact-based reports and analysis.

    At Salon.com, Glenn Greenwald delivered a serious blow against the military-industrial complex and its media allies in an article called, “Gen. McCaffrey privately briefs NBC execs on war with Iran.” Highlighted in the article is a PowerPoint presentation called, “Iran, Nukes & Oil: The Gulf Confrontation,” that was given by McCaffrey to his info-lapdogs at NBC on January 12, 2012.

    In the presentation, McCaffrey repeats standard propaganda and baseless talking points about the “Iranian nuclear threat,” and why Israel will be forced to act preemptively to defend itself from a second Holocaust. Here are two essential points from the fact-free presentation:

    – “The Israelis lack any credible conventional military power to counter the Iranian nuclear threat. Their forced option would be pre-emptive nuclear strike.”
    – “There is a significant chance of Iranian miscalculation resulting in major military confrontation in the Gulf in the coming 12 months.”

    With the first point, McCaffrey is suggesting three things. 1) Israel does not have the sufficient military power to deal a decisive blow to Iran’s nuclear program, so America must take the lead and do it right. 2) There is an Iranian nuclear threat, which is a big lie, because it has not been proven by America, Israel, and the IAEA that Iran is building a nuclear weapon. And 3) Israel is not acting as a criminal aggressor and terrorist state, but as a moral defender whose national security and people are under the constant threat of a second Holocaust from a nuclear Iran. This is also a big lie.

    … for more click here!

“Iran doesn’t frighten me and I don’t think it should frighten the American people. They don’t have a bomb. They haven’t made a decision to build one. They don’t have the means to deliver one. And the Israelis have 300 atomic bombs! I mean who presents the existential threat to whom?” – Pat Buchanan (7:58 onwards)

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March 3, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Media War Enters New Stage Ahead of Iran Attack: The NBC-Greenwald Debate Is A Sign of Future Discord !

Russian Mogul’s Plan: Plant Our Brains in Robots, Live Forever!

  • This idea of putting your brain into a robot isn’t as radical as it sounds. What is hinted at in the Black Ops/Science world is moving your mind-consciousness (or soul as some call it) to another clone body. Do you find this radical? Read what the Bible says: (emphasis mine)

    Revelation 18: 9-13 New King James Version (NKJV) 
    The World Mourns Babylon’s Fall
    9 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’

    11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: 12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; 13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men.
  • Russian Mogul’s Plan: Plant Our Brains in Robots, Keep Them Alive Forever! 
    By , http://www.wired.com/ 
    The Pentagon’s new Avatar project, unveiled by Danger Room a few weeks back, sounds freaky enough: Soldiers practically inhabiting the bodies of robots, who’d act as “surrogates” for their human overlords in battle.

    But according to Dmitry Itskov, a 31-year-old Russian media mogul, the U.S. military’s Avatar initiative doesn’t go nearly far enough. He’s got a massive, sci-fi-esque venture of his own that he hopes will put the Pentagon’s project to shame. Itskov’s plan: Construct robots that’ll (within 10 years, he hopes) actually store a human’s mind and keep that consciousness working. Forever.

    “This project is leading down the road to immortality,” Itskov, who founded New Media Stars, a Russian company that runs several online news outlets, tells Danger Room. “A person with a perfect Avatar will be able to remain part of society. People don’t want to die.”

    Itskov’s project, also called “Avatar,” actually precedes the Pentagon’s. He launched the initiative a year ago, but recently divulged more details to a group of futurists — including Ray Kurzweil — at a three-day conference, called Global Future 2045, held in Moscow.

    Until now, most of the work on Itskov’s Avatar has taken place in Russia, where he claims to have hired 30 researchers — all of them paid out of his own deep pockets. Now, Itskov plans to take the mission global. “I want to collaborate with scientists from around the world,” he says. “This is a new strategy for the future; for humanity.”

    So how would Itskov’s “Avatar” work? Well, he anticipates developing the program in stages. Within the next few years, Itskov plans to deploy robots that can be operated by the human mind. That’s actually not too wild a proposition: Pentagon-backed research has already demonstrated a monkey controlling a robotic arm using some nifty mind-meld tech, for example. And one study on human patients, out of Johns Hopkins, is using brain implants to control artificial limbs.

    After phase one of “Avatar,” however, Itskov’s ambitions arguably eclipse even those of the Pentagon’s maddest mad scientists. In 10 years, he anticipates “transplanting” a human mind into a robotic one. After that, Itskov wants to do away with surgical procedures and instead upload the contents of the mind into its brand new, artificial robo-body. And, last but not least, within 30 years Itskov anticipates developing hologram-type bodies — instead of tangible robotic ones — that can “host” human consciousness.

    “Holograms give plenty of advantages. You can walk through walls, move at the speed of light,” he says. “Remember in Star Wars, Obi-Wan’s hologram? That was pretty amazing.”

    … for more click here!

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March 3, 2012 Posted by | EndTimes, Science & Technology | | Comments Off on Russian Mogul’s Plan: Plant Our Brains in Robots, Live Forever!

Is The ECB Choking on Its Own Liquidity as Spain’s Economy Grinds To a Halt?

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Nigel Farage: Mass Anger Could Trigger Euro’s Greek Spring!

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Pepe Escobar: Axis of Evil is a Figment of The Neo-Con’s Imagination!

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Obama And AIPAC Planning Iran’s Future?

  • I do not believe that the Anglo-American-Zionist Illuminist plan against Iran will be totally successful. Iran will survive (read Ezekiel 38). But the Zionist state will not. A large portion of the Middle East will not survive the coming Satanic WW3. Who wins, who loses?

    – World loses: global economic, financial and monetary collapse & WW3!
    – Sheeple lose: Unemployment, high food price, hyperinflation, war …

    – Western Illuminati consolidates power over America. America used like
       Nazi Germany for world conquest ie. cannon fodder.
    – Zionist ‘666’ Israel and Muslim (Arab) World largely destroyed.
    – Middle East oil infrastructure, oil supplies destroyed. World loses in particular: Eurozone, Asia and China. US will open up their own enormous oil wells.
    – China loses BIG because of oil. Western Illuminati succeeds in taking down
      Chinese economy with their ownership of Big Oil and high oil prices.
    – Russia wins big because they are largest supplier of oil and natural gas.
    – India and Pakistan and Asia lose because of high oil price.
    ….and so on

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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Ordinary Jews Are Human Shields, Behind Which The Zionist Evil Operates!

  • I do not subscribe to the view that it is a Jewish conspiracy. The paranoid view that: “It is the Jews! They are the cause of the world’s problems!”. This is false, it is an Illuminati conspiracy across all racial, religious, political … lines. This is not to say that there aren’t Jews involved in the Illuminati or at the top echelons of the hierarchy. There obviously are. But if you observe carefully, the Jewish sheeple, the majority do not know what is going on. Because of their Talmudic / tribal upbringing, they have been brainwashed into behaving a certain way. It is simply trauma based mind control, psychological abuse to reinforce tribal survival instincts for the agenda of the Illuminati. A large part of their indoctrination, programming are falsehood. It is fear and hate mongering against non Jews.
  • You cannot deny the grip of the occult on these people. They are made to swear allegiance constantly to the Star of David, Satanic ‘666’ Hexagram flag! In the final analysis, they are all deceived useful idiots just like the rest of the sheeple. The Illuminati want non Jews to attack Jews. This reinforces the tribe. Historically, anti-Semitism is largely fomented by Zionist Jews. When non Jews respond by attacking/blaming Jews for all the problems we are facing in the world, they fall into the Illuminati trap: divide and conquer. Jews are convenient patsies and a front for the Illuminati. Most of these so-called Illuminati Jews are not even Jews. It is all a deception. The Illuminists masquerade themselves as Jews, Christians, Muslims … whatever cover suit their needs.
  • The gist of the following article is largely correct. Note: Zionism like Communism is created by Illuminist social engineers. It is Satanism masquerading behind Jewish Nationalism. The objective is the Satanic World War 3, Clash of Civilazations: Zionist world vs Muslim world BS. I assert again Zionist ‘666’ Israel is a Satanic counterfeit and not the Israel of the Bible!

    Ordinary Jews are human shields, behind which the Zionist evil operates! 
    by http://newsfromatlantis.blogspot.com/ 
    Nathanael Kapner sums up the whole Libya lie in just over five minutes (see video top of post) Nathanael Kapner was raised Jewish but turned to Christianity and fights to expose the Talmudic menace. His style is certainly unusual, but if he gets the massage across, then that isn’t so important.

    It is good to see a member of the tribe responsible for the great ills afflicting the world, standing up and exposing the criminals of his own bloodline. Bravo Nathanael. The success of the Zionist terror stems from the hold it has over the people who call themselves Jews. If we can break that hold, we can expose Zionism as an enemy of all humanity, including the ‘Jews’.

    The Talmud is the root of all our misery; from it comes Qabalah and the profoundly disturbing Sabbatean and Frankist cults which have spawned anti-human multi-culti materialism. Torah Jews are not the problem; in reality they are as much victims as humanity at large, perhaps more so. When retribution comes for the crimes of Zionists, ordinary Jews, (and specifically Israelis) will pay the price, whilst the Rothschilds, Windsors, and the other leaders of the Zionist cabal continue unaffected. Fighting the internationalist menace requires a focus on the real enemy. Ordinary Jews are but patsies and useful idiots. We need to liberate the human shield from the Zionist puppet masters and attack the beasts in control.

    The notion of all Jews being implacable enemies of humanity serves only to bolster support for the Talmudic tyrants amongst the enslaved Jewish masses. The term ‘anti-Semitism’ was invented by the Rabbinical elite to terrify ordinary Jews into remaining within the Jewish fold, at a time when many were Jews were abandoning the superstition of the Rabbis and marrying into gentile families. This threatened to destroy the power base of the Rabbis, leaving them with no choice but to work as the rest of humanity, rather than preach insane nonsense and receive an income for a pointless and worthless existence. Without a Jewish community to feed from, the parasites in the Synagogues would have had to do real work, which simply would not do!

    The racial supremacy of the Talmud was an invention of the Rabbis designed to inculcate a loathing for those deemed of lower races. The elite of the Windsor clan certainly believe this sick fantasy and dictate to the common people in the manner of gods. All Monarchies are founded on the absurdity of the ‘Divine Right’ to rule. There is no Divine Right, only a man-made blasphemy used to subjugate the masses. In Libya the Royal Family which persecuted Libyans until it was thrown out by Qaddafi in 1969, is set to return to once again reduce the Libyan people to serfs in their own lands. As with all ‘Royal’ families, the Libyan one is related to the Windsor clan through common Khazar ancestry. ….

    The conquest of Iraq, and the ongoing war in Libya are Zionist operations. In the town of Sirte, between Tripoli and Benghazi, Libyans are under attack by Zionist forces which are determined to ethnically cleanse all resistance to international imperialism. The death toll will be as horrendous as the butchery in other nations occupied by the Zionist war machine. Such is the reality of the war to protect civilians. The war was never intended to help anyone save for the international bankers and oil companies which were losing the economic struggle for Africa, thanks to the great deeds of Qaddafi.

    If this war hasn’t exposed the lies of international Zionism and their mercenaries in NATO, what will it take? Our oppressors act with impunity because we let them. We are so busy chasing shadows created by THEM (the enemy enslaving mankind), that we fail to attack the real enemy. Our oppressors do not live in remote parts of the world, they sit in the offices in the City of London; in the headquarters of the banking institutions; in Buckingham Palace; in Westminster; in other related places in plain sight. They take their power from us in the manner of financial and spiritual vampyrs.

    We need to withdraw all support for the Establishment. The Police in the UK have murdered over 300 people and no one has been held to account. The British government are taxing the people to death and implementing ‘austerity’ measures which are destroying our way of life, telling us we have to cut expenditure to pay the money ‘we’ owe the international bankers. Yet these same creatures happily spend £32 million per week arming the Al Qaeda terrorists in Libya who are raping and murdering children, and reducing a proud nation to rubble in order for the same international bankers to loan it money for reconstruction which it only needs due to British terror bombing. We will be further taxed to pay for the post-war occupation of Libya.

    The British Establishment is the founder of Zionism. All the crimes of Tel Aviv ultimately have their origins in the City of London. The war against Gaza differs from the wars against Libya only insofar as the jets used to murder Palestinian Arab civilians carry the Israeli emblem, whereas the airborne terrorists over Libya fly under NATO colours. Israel was created as a focal point for global opposition, to enable the criminals in the City of London to build their financial empire whilst the resistance was distracted. Israel is but a subsidiary of the Talmudists who rule the UK. When people finally rise up against Zionism, it will be Israel which is destroyed. The criminals in chief will continue in London as before.

    Zionism is a tool of the London cabal. Like all Talmudic fronts, Zionism has become a focal point for the purpose of keeping attention away from the real enemy. Just as with Soviet Communism, Zionism is nothing more than a smokescreen. The ordinary Jews of Israel and elsewhere are human shields. The true enemy is the Establishment, and it is our duty to expose it; especially those of us who live in the UK and are tied to the criminals by association. Ordinary Britons are no more NATO butchers than ordinary Jews are Zionists. Certainly there are collaborators in each case, but it is a mistake to attack the sycophantic masses and leave the elites unhindered. The likes of Nathanael Kapner are proof that the Talmudists cannot control the Jews if they refuse to accept their rule. We should welcome those who defect to our side, and expose those who support our common enemy.

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China Ditches The Dollar (Sort of)!

  • Avalanches start with imperceptible movement of ice and then it roars. Keep an eye on this. It may be the start of the move to dump the USD worldwide. No country wants to be behind China in the dumping of US denominated paper assets. With something like US$1.5T – 2.0T to dump, any sudden moves by China is a ‘nuclear’ event in the financial markets. The FedRes will have to buy all that China dumps on top of their monetization of current  annual deficit of about US$1.5T. It will be highly inflationary.

    China ditches the dollar (sort of)! 
    by http://www.ft.com/ 
    China has earned a reputation as a hypocritical investor over the past few years. It has repeatedly warned the US that quantitative easing was debasing the dollar, only to turn around and plough even more of its vast foreign wealth into dollar-denominated assets.

    But perhaps those warnings weren’t so hollow after all. The latest data from the US Treasury suggests that China has in fact executed a major diversification away from the dollar.

    The Wall Street Journal’s Tom Orlik has parsed the numbers to produce quite a startling revelation. The portion of China’s foreign exchange reserves invested in dollars appears to have fallen from 65 per cent at the end of June 2010 to 54 per cent a year later.

    These figures are unavoidably rough. China does not publish the composition of its $3.2tn foreign exchange reserves and the US is one of the few countries to give a breakdown of which foreigners hold its assets.

    However, Orlik is an authority on Chinese economic data and his estimates are as good as any out there. The point is not that China has been selling dollars; rather, it appears to have been accumulating them at a slower rate and instead investing much more in other currencies.

    … for more click here!

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Jon Schwarz: Openly Lying Us Into War With Iran!

Who is threatening who? Each star represents a US military base for a total of 45!

  • Don’t let the Illuminist MSM and their parrots deceive you into thinking that Iran is a threat to the world. This is nonsense. The Zionist MSM spins falsehood all the time to brainwash the sheeple and stoke religious fervour amongst the Christian sheeple. All of them are being led to the slaughter. They are deceived useful idiots complicit in their own destruction!
  • The Anglo-America-Zionist Illuminist rulers of the west are following a carefully crafted plan laid down centuries ago, worked and re-worked, fine tuned again and again: the Satanic World War 3 Plan!

    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
  • Lying the World Into War Is Always an Option 
    by Jon Schwarz, http://globalresearch.ca/index.php
    This is from p. 84-5 in Which Path to Persia?: Options for a New American Strategy toward Iran, a June, 2009 book edited and co-authored by Kenneth Pollack of the Brookings Institution:

    absent a clear Iranian act of aggression, American airstrikes against Iran would be unpopular in the region and throughout the world…it would be far more preferable if the United States could cite an Iranian provocation as justification for the airstrikes before launching them. Clearly, the more outrageous, the more deadly, and the more unprovoked the Iranian action, the better off the United States would be. Of course, it would be very difficult for the United States to goad Iran into such a provocation without the rest of the world recognizing this game, which would then undermine it. (One method that would have some possibility of success would be to ratchet up covert regime change efforts in the hope that Tehran would retaliate overtly, or even semi-overtly, which could then be portrayed as an unprovoked act of Iranian aggression.) … [T]he use of airstrikes could not be the primary U.S. policy toward Iran…until Iran provided the necessary pretext.

    You may remember Pollack from The Threatening Storm: The Case for Invading Iraq, the 2002 book cited by all the nice liberals who sadly and reluctantly supported war. What you don’t remember—because none of the nice liberals mentioned it—is that on p. 364-5 of The Threatening Storm Pollack presented exactly the same option regarding Iraq:

    Assembling a […] coalition would be infinitely easier if the United States could point to a smoking gun with Iraqi fingerprints on it—some new Iraqi outrage that would serve to galvanize international opinion and create the pretext for an invasion…

    There are probably […] courses the United States could take that might prompt Saddam to make a foolish, aggressive move, that would then become the “smoking gun” justifying an invasion. An aggressive U.S. covert action campaign might provoke Saddam to retaliate overtly, providing a casus belli… 

    What matters about this is that Pollack is right at the heart of the Democratic Party’s foreign policy establishment, and he’s completely comfortable proposing that he and his friends lie the world into war after war in the mideast. (The other authors of Which Path to Persia? are Daniel L. Byman, Martin Indyk, Suzanne Maloney, Michael E. O’Hanlon and Bruce Riedel.) No one he hangs around with will find anything jarring about this. And he knows he can count on the media to never mention this option is being openly kicked around before the war starts. (Pollack is Ted Koppel’s son-in-law.) 

    To understand how seriously the U.S. government takes this kind of thing, here’s some of the relevant history involving Iraq and Iran:

    1. In 1997, a Clinton cabinet member (probably Madeleine Albright) suggested that the Air Force fly a U-2 so slowly and low over Iraq that Iraq would be able to shoot it down. This would be a “precipitous event—something that would make us look good in the eyes of the world” and enable us to invade.

    2. On February 16, 2002, George W. Bush authorized parts of “Anabasis”, a CIA plan to fly Iraqi exiles into southern Iraq, where they would seize a military base in hopes Saddam would fly troops south to retake it. According to one of the CIA operatives involved, “The idea was to create an incident in which Saddam lashes out… you’d have a premise for war: we’ve been invited in.”

    3. In 2002, the U.S. and U.K. doubled their rate of bombing Iraq “in an attempt to provoke Saddam Hussein into giving the allies an excuse for war.”

    4. On January 31, 2003, in a White House meeting with Tony Blair, Bush proposed painting a U.S. plane in the colors of the UN in hopes it would draw Iraqi fire, thus providing a pretext to invade.

    5. In early 2008, Dick Cheney and friends discussed how to create a casus belli for attacking Iran. One of their bright ideas was to build some speed boats that looked like the ones belonging to the Iranian navy, put Navy SEALs on them, and then have the SEALs start shooting at American ships. (Note that with this concept we’d give up on secretly goading Iran into responding to our aggression, and just provide both sides of the war ourselves.)

    Given that someone like Barry McCaffrey is privately telling NBC executives that Iran is going to “further escalate” hostilities in next few months, it’s a good time to pay attention to all this.

    P.S. If you’re hungry for more of Kenneth Pollack’s acute political insights, this is from Which Path to Persia?:

    Iranian foreign policy is frequently driven by internal political considerations…More than once, Iran has followed a course that to outsiders appeared self-defeating but galvanized the Iranian people to make far-reaching sacrifices in the name of seemingly quixotic goals.

    And this is from The Threatening Storm:

    Saddam’s foreign policy history is littered with bizarre decisions, poor judgement, and catastrophic miscalculations…Even when Saddam does consider a problem at length…his own determination to interpret geopolitical calculations to suit what he wants to believe anyway lead him to construct bizarre scenarios that he convinces himself are highly likely…

    [100 pages later]

    Imagine how different the Middle East and the world would be if a new Iraqi state were stable, prosperous, and a force for progress in the region…Imagine if we could rebuild Iraq as a model of what a modern Arab state could be…Invading Iraq might not just be our least bad alternative, it potentially could be our best course of action.
     

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EU Finance Chiefs Give Greece $58Bn But Stoke Fears of Default After Delaying Bail-Out Decision!

  • Will the Illuminists pull the plug on Greece on 20 March 2012? And start the global economic, financial and monetary collapse leading to WW3? Who knows. They are putting all the pieces in place, setting up their war machine in the Persian Gulf, priming their Satanic military outpost – Zionist ‘666’ Israel, preparing all the war propaganda in their Illuminist MSM … It appears they are 99% ready to start the detonations. It is a question of timing. They appear to be ready and well rehearsed for the events to come.

    EU finance chiefs give Greece $58bn but stoke fears of default after delaying bail-out decision! 
    By , and Bruno Waterfield, http://www.telegraph.co.uk/ 
    European powers approved the release of funds for Greece’s international creditors but delayed the decision to bail out Athens until March 12 – perilously close to the country’s default deadline.

    Ministers released €58bn (£48bn) of cash designated to smooth the €206bn bond restructuring but withheld the remaining €71.5bn allocated to help the Greek government.

    Eurozone finance ministers, who met in Brussels ahead of European Union leaders summit on Thursday night, said they would hold a conference call on Friday, March 9 – a day after the bond swap deadline – and postpone a decision until a eurogroup meeting on Monday, March 12.

    The delay will push Greece to within eight days of bankruptcy – a move likely to rattle global markets and put eurozone leaders on a collision course with America and China. World leaders have demanded immediate action to stem the crisis but Athens faces a €14.5bn bond repayment on March 20.

    Jean Claude Juncker, head of the group of 17 finance ministers, said in a statement that a “high participation” in the bond swap and a “positive assessment” of the Greek austerity reforms were “necessary conditions” for the disbursement of the rescue package. He added that ministers would also withhold permission for the eurozone bail-out fund, the European Financial Stability Facility (EFSF), to issue bonds to help Greece until the conditions were met. Dutch Finance Minister Jan Kees De Jager said: “We have to wait for PSI [bond swap] before final conclusions”

    … for more click here!

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Fractal Analysis: Gold To $3,500 This Year Still Likely Despite Crash!

  • The fundamentals for gold are super strong. Don’t let the financial MSM deceive you. This year we should see the start of the phase transition event, the parabolic rise of gold price to stratospheric heights in the years ahead. US$3500/oz in 2012 is not a pipe dream! Gold is heading towards US$10,000/oz in the next few years!

    Fractal Analysis: Gold to $3,500 this year still likely despite crash! 
    by http://www.goldrunnerfractalanalysis.com/ 
    Technical analysis sees the overall strong upward trend in the gold price very much intact despite yesterday’s big falls in gold and silver prices.

    As we have discussed in a previous article, our Fractal Model suggests the wave for Gold in US Dollars will sweep up into the $3500 to $3600 area into the mid-year time-frame. The leading edge of that time-frame begins in May and extends out for a few months. A potential for Gold to spike to a $3900 extended fib level exists. Like all parabolic moves in Gold, the late stages create the biggest price movements. Personally, I would be happy with a huge Gold run up to the $3200 level.

    Our description of the Gold tsunami wave to come this year as a result of the huge wave of Dollar Inflation initiated by the $600 Billion US Dollars sent to Europe back in December of 2011 is beginning to be noticed by the markets. This is a very important “point of recognition.”

    The fundamentals for this wave in gold are as follows:
    1. The massive world debt load demands that we either see a deflationary depression; or that we devalue the debt by devaluing the paper currencies. The politicians have chosen to dramatically devalue the paper currencies.
    2. The Federal Reserve is the only Central Bank with the right to print to infinity, thus, US Dollar printing will remain the leader going forward.
    3. Gold moves almost directly inverse to the value of the Dollar. Thus, the acceleration of Dollar Devaluation will drive the price of $Gold in its accelerating parabolic climb. (The USD Index has little to do with the “value of the Dollar” as we will soon show via “The Fractal Dollar” in a different writing.)
    4. This current leg of Dollar Printing via in the $600 Billion Dollars sent to the European Central Bank in a swap arrangement back in December of 2011 is just the start of this wave with Dollar printing demands to increase the debt ceiling, to cover losses by Fannie and Freddie, to continue to pay extended unemployment insurance benefits, and so on. Yet, the “lowly sum” of $600 Billion of Dollar Printing via QE drove Gold up to the $1920 level, and that much kicked off this round.
    5. Debt monetization via QE sends no new Dollars directly into the economy since the newly printed Dollars go directly from Uncle Sam’s hands to cover the item listed, above. Thus, these newly printed Dollars only “replace Dollars” that were never allotted for all of the above items and other responsibilities like the unfunded Social Security Funds and Federal Pensions. As such, the economy is not directly helped by the new Dollar printing. As the economy continues to deteriorate it demands an acceleration of new Dollars to be printed. It’s like a cat chasing its own tail.
    6. The US needs to devalue the US Dollar to the point that the debt is devalued to manageable level. The Dollar is devalued against “relatively constant valued Gold”; just like the late 70’s when Gold went parabolic. Unfortunately, the massive amount of Dollar printing this time around could not be done via the loan multiplier system where the new Dollars go directly into the economy. So Dollar creation via direct debt monetization, QE, had to be done after the loan multiplier system was “blown out” in 2007 and 2008.

    … for more click here!

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March 3, 2012 Posted by | Economics | , , , , , , , | Comments Off on Fractal Analysis: Gold To $3,500 This Year Still Likely Despite Crash!