Socio-Economics History Blog

Socio-Economics & History Commentary

Greece on Brink of Default as Bond Deal Falters!

  • Greece on brink of default as bond deal falters! 
    By , http://www.telegraph.co.uk/ 
    Less than half of Greece’s international creditors had agreed to a vital €206bn (£172bn) bond swap on Wednesday night, leaving Athens dangerously exposed to default.

    The Royal Bank of Scotland, Barclays and HSBC joined 30 European banks and institutions in declaring their acceptance of the deal – but the tally was still far short of the 95pc needed to avoid being officially declared in default.

    The International Institute of Finance (IIF), the body that has negotiated with the Greek government on behalf of bondholders, put out several announcements on Wednesday, counting the proportion of the vote as it inched up. The latest statement said bondholders “amounting in aggregate to €84bn, or 40.8pc of the €206bn total eligible debt” would support the deal.

    The regular updates coincided with provocative comments from Germany’s finance minister, Wolfgang Schaeuble, who said he had discussed with Greece’s finance minister Evangelos Venizelos whether it would be better for the country to leave the euro. Speaking at the European University Institute in Italy, Mr Schaeuble said he had discussed the issue “very openly” with Mr Venizelos.

    “Maybe you could say it was the wrong decision for Greece to join the common European currency,” Mr Schaeuble said. “Greece has failed for a long time to deliver what is needed to be in a common currency.”

    … for more click here!

end

March 8, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on Greece on Brink of Default as Bond Deal Falters!

Bob Chapman: If Greece Defaults It Will Take Down The EU !

March 8, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: If Greece Defaults It Will Take Down The EU !

Alex Jones: Obama Firms Up Support for State-Sponsored Assassination!

March 8, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off on Alex Jones: Obama Firms Up Support for State-Sponsored Assassination!

Dr. Deagle & Texe Marrs: Israel’s Planned Attack on Iran!

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

“ … 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

end

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

CrossTalk: AIPAC Brinkmanship!

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

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on CrossTalk: AIPAC Brinkmanship!

Lapdogs of War: Neo-Conmen Feed Conflict Hunger on Capitol Hill !

  • 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.

  • Daniel 11:36-39 (New King James Version)
    36 “Then the king shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. 37 He shall regard neither the God[a] of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
  • Revelation 13:4 New King James Version (NKJV)
    4 So they worshiped the dragon who gave authority to the beast; and they worshiped the beast, saying, “Who is like the beast? Who is able to make war with him?”

US: Money only for wars and banksters!

end

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Lapdogs of War: Neo-Conmen Feed Conflict Hunger on Capitol Hill !

Pakistani Families of People Killed in US Drone Strikes Plead for Justice!

March 8, 2012 Posted by | GeoPolitics | , , , , , , | Comments Off on Pakistani Families of People Killed in US Drone Strikes Plead for Justice!

US Looks Towards Possible Strike in Syria!

  • 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.

end

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , | Comments Off on US Looks Towards Possible Strike in Syria!

BS Alert: Iran Trying To Build Nuclear Missiles Capable of Hitting London, Cameron Warns MPs!

Cameron is just another Zionist '666' war-mongering lapdog! For the record, the UK has nuclear missiles on warships in the Persian Gulf ready to annihilate Iran at any moment!

  • It appears war with Iran is 99% certain in 2012! It is all part of the Illuminist plan. Global economic, financial and monetary collapse will lead to WW3. They will blame everything on Iran to cover their asses. They will use war to get rid of all their enemies ie. the sheeple. 

end

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on BS Alert: Iran Trying To Build Nuclear Missiles Capable of Hitting London, Cameron Warns MPs!

Nigel Farage: ‘War on Terror is War on Liberty’!

March 8, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , , | Comments Off on Nigel Farage: ‘War on Terror is War on Liberty’!

Carefully Orchestrated Moves Set Stage for Greek Debt Deal !

  • It will be interesting to see what kind of rabbit the ISDA (and its bankster controllers) pull out of their asses to handle the Greek situation. Declare a credit event ie. default and the banksters will have to pay billions. Don’t declare a default and the CDS market will tank and the banksters will lose the billions of dollars of profits from the CDS business. Why would anyone buy an insurance policy that will not pay out in the event of a default? Why would anyone hang on to such a policy when they can sell it before it becomes worthless? Default or otherwise, the decision will be interesting.

    Carefully Orchestrated Moves Set Stage for Greek Debt Deal ! 
    by Wall Street Journal
    Greece is unlikely to get all of its bondholders to agree willingly to a debt-restructuring plan before a Thursday deadline, but it repeated Tuesday that it is ready to force the deal through by other means.

    Greece stepped up pressure on its creditors Tuesday, saying it won’t have money available to pay bondholders who resist. Creditors have until Thursday evening to decide whether they will accept the deal, which replaces existing bonds with a package of new securities with less than half of the face value.

    But what happens Thursday is part of a carefully choreographed dance designed to ensure the deal is executed. The country has made plain that the bulk of its bondholders—those who have €177 billion ($234 billion) of debt issued under Greek legislation—almost certainly will be compelled to submit to the deal whether or not they agree, thanks to changes in Greek law introduced last month.

    The verbal jousting on Tuesday appeared primarily to be aimed at the small minority of bondholders whose securities were issued under non-Greek law, where Greece’s reach is more limited. They have €21 billion in debt, counting a small quantity of bonds issued by state-owned companies and guaranteed by Greece.

    … for more click here!

end

March 8, 2012 Posted by | Economics | , , , , , , , | Comments Off on Carefully Orchestrated Moves Set Stage for Greek Debt Deal !

Dutch Freedom Party Pushes Euro Exit as €2.4 Trillion Rescue Bill Looms!

The Eurozone is on fire!

  • We will know within 24 hours whether sufficient PSI have accepted the Greek debt restructuring plan. It appears the Greeks will not meet the 75% participation rate targeted. What happens next is the interesting question. Will the ISDA issue a credit event – default call and trigger the CDS? What is the real exposure of the banks to these CDSs? The Eurozone is coming down. It is a question of when?

    Dutch Freedom Party pushes euro exit as €2.4 trillion rescue bill looms! 
    By , http://www.telegraph.co.uk/ 
    The Dutch Freedom Party has called for a return to the Guilder, becoming the first political movement in the eurozone with a large popular base to opt for withdrawal from the single currency.

    “The euro is not in the interests of the Dutch people,” said Geert Wilders, the leader of the right-wing populist party with a sixth of the seats in the Dutch parliament. “We want to be the master of our own house and our own country, so we say yes to the guilder. Bring it on.”

    Mr Wilders made his decision after receiving a report by London-based Lombard Street Research concluding that the Netherlands is badly handicapped by euro membership, and that it could cost EMU’s creditor core more than €2.4 trillion to hold monetary union together over the next four years. “If the politicians in The Hague disagree with our report, let them show the guts to hold a referendum. Let the Dutch people decide,” he said.

    Mr Wilders is not part of the coalition. However, the minority government of Mark Rutte relies on the Freedom Party to pass legislation. The two men were in talks on Monday on €16bn of fresh austerity cuts needed stop the budget deficit jumping to 4.5pc of GDP.

    The study said the eurozone cannot survive in its current form. The longer Europe’s politicians dither, the more costly it will become. “The euro can only survive if it becomes a fiscal transfer union with national sovereign debt subsumed in eurozone bonds,” said co-author Charles Dumas.

    Greece will opt for a “negotiated exit” later this year, once the pain becomes excruciating. This will be after the French elections in May, but before the German electoral season begins in 2013.

    …for more click here!

end

March 8, 2012 Posted by | Economics | , , , , , , , , , , , | Comments Off on Dutch Freedom Party Pushes Euro Exit as €2.4 Trillion Rescue Bill Looms!

Leaked Email: Pentagon Admits Plan To Direct Terror Attacks Inside Syria!

  • Muslim Brotherhood created by British Intelligence
    By fabricating a bogus war between Islamic fundamentalism and the West, the globalists are able to attack their real enemy, humanity. Pulling the strings, they will ensure that both Western and Muslim states are degraded and finally completely subjugated to their odious rule.
  • The Global War on Terror is an Illuminist HOAX. AL Qaeda and Osama bin Laden are both CIA assets. Al Qaeda is just a propaganda marketing meme to implant the fear of terrorism in the sheeple. There is no such organization as Al Qaeda. It is used to group all mercenaries, CIA terrorists, thugs/criminals under the western Illuminist payroll … and sell the propaganda that Muslims are out to get you. The real organization, planning, financing, control, management … are by Illuminist western intelligence agencies: CIA, MI6, Mossad … etc. The sheeple are easily deceived useful idiots.

    Leaked Email: Pentagon Admits Plan To Direct Terror Attacks Inside Syria
    by Paul Joseph Watson, www.Infowars.com 
    US is preparing to “commit guerrilla attacks, assassination campaigns” to topple Assad
    A shocking email leaked as part of the Wikileaks Stratfor data dump reveals that the Pentagon is planning to direct terror attacks and assassinations inside Syria in a bid to topple President President Bashar al-Assad.

    The email, written by Reva Bhalla, Stratfor’s Director of Analysis, contains details of a December 6 Pentagon meeting attended by members of the USAF strategic studies group along with four military officers at the Lieutenant Colonel level, “including one French and one British representative.”

    Bhalla was told by the military officials that, despite official claims to the contrary, foreign troops from NATO powers were already on the ground in Syria. “After a couple hours of talking, they said without saying that SOF teams (presumably from US, UK, France, Jordan, Turkey) are already on the ground focused on recce [reconnaissance] missions and training opposition forces,” states the email.

    Bhalla goes on to describe how the mission of the undercover commandoes is hypothetically to “commit guerrilla attacks, assassination campaigns, try to break the back of the Alawite forces [Assad’s support base], elicit collapse from within.”

    In other words, the Pentagon, along with other NATO powers, have already directed Special Forces troops stationed inside Syria to carry out terrorist attacks and assassinations in an effort to topple President President Bashar al-Assad.

    The email states that such actions should be ready within a 2-3 month time period. Bhalla describes how a destabilization campaign was favorable to air strikes because unlike Libya, “Syrian air defenses are a lot more robust and are much denser.”

    Some would argue that far from merely planning such attacks, the United States and other NATO powers are already using the Al-Qaeda- affiliated terrorists airlifted out of Libya into Syria to do the job for them. These terrorists have been blamed for bloody attacks that have killed both Syrian regime officials and innocent civilians, including a bombing last month in Syria’s second city of Aleppo which killed 28 people.

    Footage has also emerged of western-looking troops carrying out indiscriminate attacks using rocket-propelled grenade launchers. Carrying out terrorist attacks to destabilize governments is not a conspiracy theory, it is a widely acknowledged form of covert warfare. Only last month NBC News reported that Israel was paying terror groups to carry out bombings and assassinations in Iran in a bid to weaken the regime in Tehran.

    … for more click here! 
  • David Livingstone: Terrorism And The Illuminati. A Three Thousand Year History!
    About the Book
    Contrary to myth being fabricated, Islam does not pose a threat to the West. Rather, Islamic “terrorist” organizations have been created to serve Western imperialistic objectives. These groups are intertwined with Western power through a network of occult secret societies. This relationship dates back to sixth century BC, and the birth of the Kabbalah, in Babylon; a plot to seek world domination through the use of magic and deception.


end

March 8, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Leaked Email: Pentagon Admits Plan To Direct Terror Attacks Inside Syria!

London Trader: 40+ Tons of Physical Gold Acquired Yesterday!

  • Don’t be too concerned with the latest smash down of gold and silver by the bullion banksters. It is just a managed retreat. They know that physical demand is overpowering and gold price will go higher. They are just not ready yet to abandon their world fiat currency hegemony ie. USD, so they take gold down. The smart money has been steadily accumulating gold and abandoning fiat currencies.

    London Trader – 40+ Tons of Physical Gold Acquired Yesterday! 
    by www.kingworldnews.com
    With many global investors still concerned about the price of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. Here is what the source had to say: “Yesterday when we dropped through $1,700, you would not believe the amount of physical tonnage orders that filled. US centric traders tend to concentrate on the COMEX, but the real market is made in London.”
    ….
    These momentum traders ran into a very large sovereign order near the $1,680 area. When gold broke through $1,680 there were layered physical orders. Over 40 tons of physical gold were filled below $1,680….


    … for more click here!

end

March 8, 2012 Posted by | Economics | , , | Comments Off on London Trader: 40+ Tons of Physical Gold Acquired Yesterday!

Brodsky: US Money Base Will Explode To $15 – $17 Trillion!

  • Ultimately, the Illuminist central banks of the world will create a massive amount of money out of thin air to bail out their banks! Inflation will flare up.

    Brodsky – US Money Base Will Explode to $15 – $17 Trillion! 
    by www.kingworldnews.com
    With tremendous volatility in gold and silver, today KWN wanted to speak with the firm that is calling for $10,000 gold to get their take on what readers should be focused on at this point. Paul Brodsky, who co-founded QB Asset Management Company, had this to say about his firm’s strategy and where he sees things headed: “The macroeconomics behind gold have never been more attractive. When we look at bank assets versus base money, across the world, it makes sense that they (precious metals) are fundamentally cheap.”
    ….
    We could make a case that gold could go higher than that ($10,000). We think base money in the US is going to rise from about $2.7 trillion to $15 trillion to $17 trillion. All we know is before it’s through, the price (of gold) is going to be significantly higher than where it is today.”

    … for more click here!

end

March 8, 2012 Posted by | Economics | , , , , , | Comments Off on Brodsky: US Money Base Will Explode To $15 – $17 Trillion!