Socio-Economics History Blog

Socio-Economics & History Commentary

BBC: UK ‘Must Plan for Euro Collapse’!

Click on image to goto article!

March 10, 2012 Posted by | Economics | , , , , , , | 1 Comment

Syria: The Western Deception Over Regime Change Unravels. NATO Prepares for All Out War!

  • Syria is really a big step to war with Iran. How will the Russians respond to an attack on Syria? Nobody knows. But it is certain that Russia (and China) will not allow what happened to Libya to be repeated in Syria. This implies some escalation of military involvement on the part of Russia. Medvedev and Putin are no push overs when it comes to military confrontation. Watch the video above on Russia’s response to US and NATO’s aggressive Advance Missile Defence (AMD) system giving the west a pre-emptive nuclear first strike capability. See here also.
  • Things can rapidly escalate out of hand and before we know it, the world is engulfed in World War 3. This war has nothing to do with protecting civilians/Syrians. It has nothing to do with preventing Iran from getting a nuclear bomb. These are all lies by the Anglo-American-Zionist west. It is about the coming Luciferian New World Order. It is about world conquest using falsehood, false flag terrorism, setting the planet alight in flames of war … using war as a means of mass culling the sheeple. It is about setting the stage for the coming Anti-Christ, the bringer of false peace, the white horseman of Revelation 6!

    Syria: The Western Deception Over Regime Change Unravels. NATO Prepares for All Out War 
    by Finian Cunningham, http://www.globalresearch.ca/ 
    The Western governments’ and mainstream media’s narrative of a one-sided humanitarian crisis in Syria is rapidly unwinding to reveal a self-serving deception to justify a re-run of Libya-style NATO conquest. In reality, it is the Western powers and their Israeli and Arab henchmen who are fuelling a humanitarian crisis and creating the conditions for all-out war. All of which, it should be said, constitutes criminality comparable to Nazi Germany’s wars of aggression.

    The latest crack in the Western façade over Syria comes in the form of leaked correspondence from Western private intelligence firm Stratfor, which reports that US-led NATO special forces have been operating inside Syria alongside armed opposition groups. Stratfor is closely aligned with Pentagon planners; indeed can be viewed as a private wing of the Pentagon. The document, disclosed by Wikileaks, cites US military sources discussing a campaign of destabilisation against the Syrian government of Bashir Al Assad, involving training opposition groups and deploying guerilla tactics, including assassinations. In other words, discussing a scenario that approximates to what is actually happening in Syria.

    Given Straftor’s credentials as a reliable think-tank for the US military-industrial complex, the disclosure can be seen as a damning indictment of NATO criminality and Western mainstream media complicity.

    Since political turmoil erupted in Syria a year ago, the monotonous “big lie” narrative from Western governments and the corporate-controlled news media has been one of “brutal state repression against a civilian population” committed by the Assad government.

    This portrayal has, predictably, led to strident condemnation of the Syrian government by Western leaders and calls for “humanitarian intervention” by NATO powers and Western-backed Gulf Arab states – in a tested formula prescribed for Libya.

    The Gulf Arab states led by Saudi Arabia and Qatar have been most prominent in doing the bidding of the Western powers in labelling the Syrian government as an international pariah – just as these Western client monarchies had done with regard to demonizing Libya. The ridiculous irony of unelected Gulf Arab despots, who have been brutally suppressing their own populations, denouncing anyone seems wholly lost on the mainstream media.

    Ominously, the 22-member Arab League suspended Syria’s membership in a repeat of a similar sanction against Libya before the latter was subjected to a seven-month aerial blitzkrieg by NATO powers and eventual regime change, culminating in the roadside execution of Libyan leader Muammar Gaddafi.

    No doubt the Syrian government has a case to answer, not only over recent human rights violations but also for decades of resistance to political reforms.

    However, this is a far secondary issue to the immediate concern of criminal aggression by foreign powers. Over the past year, the Assad government has consistently maintained that a large measure of the violence assailing the civilian population is emanating from external forces. That is, the situation in Syria is more akin to a sponsored armed insurrection against the state. In that context, the Syrian government has a sovereign right to suppress such violent sedition, which furthermore appears to have little popular support and which is threatening the stability and security of the entire country.

    … for more click here!

The white horseman logo of the Illuminati Council on Foreign Relations (CFR). They labour to lay the foundation for the coming of the white horseman, the fake messiah, the Anti-Christ, the bringer of false peace of Revelation 6.

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March 10, 2012 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off on Syria: The Western Deception Over Regime Change Unravels. NATO Prepares for All Out War!

Panetta Publicly Admits U.S. Military/Obama Takes Orders from The U.N.!

March 10, 2012 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Panetta Publicly Admits U.S. Military/Obama Takes Orders from The U.N.!

Paul Watson: U.S. Has Ceded Control of Its Affairs To Foreign Central Banks! Pentagon & Obama Declare Congress Ceremonial !

March 10, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Paul Watson: U.S. Has Ceded Control of Its Affairs To Foreign Central Banks! Pentagon & Obama Declare Congress Ceremonial !

Infowars Nightly News: TSA Body Scanners Proven Worthless!

March 10, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Infowars Nightly News: TSA Body Scanners Proven Worthless!

West-Chosen Rulers Push Libya into Real Civil War!

March 10, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on West-Chosen Rulers Push Libya into Real Civil War!

Greeks in Despair: Suicide Rate Record High!

March 10, 2012 Posted by | Economics, Social Trends | , , , , , , , | Comments Off on Greeks in Despair: Suicide Rate Record High!

Pepe Escobar: US And NATO Don’t Care That Libya is Splintered !

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Gerald Celente: Nightmare “Schemed” To Cover Up America Collapse!

  • Gerald Celente: Nightmare “Schemed” To Cover Up America Collapse! 
    by Dominique de Kevelioc de Bailleulhttp://www.beaconequity.com/
    Trends Research Institute founder Gerald Celente predicts that a war with Iran is scheduled to cover up the next leg down to the financial collapse of the U.S. and political upheaval a collapse engenders.

    “I’ve been in this business now since 1980, and I’m always marveled at the schemes undreamed of that they come up with,” Celente told GoldSeek Radio host Chris Waltzek. “So, when things should collapse, they often don’t, because they come up with another scheme. So, here’s the scheme undreamed of that I believe is going to be America’s worst nightmare, and that’s war with Iran.

    “The drums keep beating; the chick-hawks keep screeching; and America and Israel keep getting closer to a conflict with Iran. And it’s all tied in with Syria as well,” Celente added, alluding to a reciprocating defense agreement between Iran and Syria.

    Celente continued the discussion with Waltzek by making the eerie parallel between today’s economic depression, social unrest and geopolitics with those of the Great Depression, which began with the Crash of 1929 and ended following the conclusion of WWII.

    Pressure on Washington to quell the threat of Communism as an alternative to a failed central bank controlled ‘capitalist’ system in the U.S. of the 1930′s has reemerged, but with the threat to the status quo coming this time, not from the potential of a viable Communist movement, but instead coming from the rapidly growing Constitutionalists and End-the-Fed movement led by Republican congressman and 2012 presidential candidate Ron Paul.

    Making this point for the Keynesians, famed big-government liberal economist and Nobel prize laureate Paul Krugman—who is no fan of Congressman Paul—stated in a NY Times Op-ed piece on Dec. 11, 2011, titled Depression and Democracy, “On the political as on the economic front it’s important not to fall into the ‘not as bad as’ trap. High unemployment isn’t O.K. just because it hasn’t hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.”

    Moreover, Krugman in the past has argued that the U.S. needs some big outside event (even joking about an alien invasion from space) to foster the need for further federal deficit spending and renewed consumer consumption, which he believes was the catalyst for ending the Great Depression—a suggestion with which Paul and Austrian economists vehemently disagree.

    Therefore, Washington must dream up another scheme to redirect attention away from an oligarch enriched by the Federal Reserve System and wars, according to Celente.

    History is replete with examples of nations, once divided, reversing course to unite behind a president in times of war. Celente believes that this time is no different and that Iran will serve as Krugman’s Hitler for Washington’s political purposes.

    “We’re saying right now that a war with Iran is going to be the beginning of World War III,” said Celente, and added “but what it will do, Chris, it will certainly get the people’s mind off the failing economy, just as it did during the Great Depression and the lead up to World War II.”

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March 10, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Gerald Celente: Nightmare “Schemed” To Cover Up America Collapse!

Caesar Has Cross The Rubicon! US To Bypass Congress And Seek International Permission for War!

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Jim Sinclair: Greek Tragedy Part of $37 Trillion, Not $3.5 Billion!

  • The financial derivatives market is a OTC, privately agreed, opaque market. Nobody really knows exactly how large the CDS amount involved is. There are no standard contracts and it is not subjected to regulation or reporting like the normal insurance market is.

    Sinclair – Greek Tragedy Part of $37 Trillion, Not $3.5 Billion! 
    by www.kingworldnews.com
    Today legendary trader and investor Jim Sinclair told King World News the “credit event” in Greece totals much more than the $3.5 billion which is being reported by the mainstream media. Sinclair also said if the CDS’s are in fact made to pay, this could require the rescuing of eight international banks, through Fed swaps that could total in the trillions of dollars. Here is what Sinclair had to say about what is happening : “The release made by the International Swaps & Derivatives Association (ISDA), for the average Mensa member or genius, is totally incomprehensible. The press is using the word default, but the ISDA is using the word ‘auction.’ Clearly, the amount of CDS’s outstanding is infinitely more than the $3.5 billion that is being quoted.”
    ….
    “The BIS confirms, in the area of CDS’s the total outstanding is approximately $37 trillion. So I believe the reports being given about this just being a small and modest market event is false. As a market observer and having more than 50 years in the business, the real number is at least 50% or more of the existing $37 trillion that is related to Greece.

    … for more click here!

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March 10, 2012 Posted by | Economics | , , , , , , , | Comments Off on Jim Sinclair: Greek Tragedy Part of $37 Trillion, Not $3.5 Billion!

Greece Deal Triggers $3B in Default Swaps: ISDA!

  • It appears the ISDA will not be able to deny the obvious. A credit event: default has occurred and CDSs will be triggered. Exactly how much, US$3.5B or more, nobody knows.

    Greece Deal Triggers $3B in Default Swaps: ISDA 
    By Abigail Moses and Mary Childs, http://www.bloomberg.com/ 
    Greece’s use of collective action clauses forcing investors to take losses under its debt restructuring triggers payouts on about $3 billion of default insurance, the International Swaps & Derivatives Association said.

    A total 4,323 credit-default swap contracts may now be settled after ISDA’s determinations committee ruled the use of CACs is a restructuring credit event, the industry group said in a statement today. Before the ruling, the cost of five-year Greek swaps rose to a record $7.68 million upfront and $100,000 annually to insure $10 million of debt.

    A settlement may bolster confidence in the $257 billion government-debt insurance market that’s used by banks, hedge funds and institutional investors to protect against losses or to speculate on creditworthiness after Greece’s restructuring tested the viability of the swaps as a hedge. ISDA rejected a request on March 1 to declare that swaps were triggered because the European Central Bank’s exemption from losses effectively subordinated private investors.

    … for more click here! 

    ISDA declares Greek credit event, CDS payments triggered 
    By Daniel Bases | Reuters 
    NEW YORK (Reuters) – Greece triggered the payment on default insurance contracts by using legislation that forces losses on all private creditors, the International Swaps and Derivatives Association said on Friday. The decision by the EMEA Determinations Committee to declare a so-called credit event was unanimous, ISDA said in a statement.

    Markets showed little reaction to the widely expected decision. The euro edged lower against the U.S. dollar while U.S. Treasury prices saw losses pared after the ISDA announcement. The ISDA said the use of “collective action clauses (CACs) to amend the terms of Greek law governed bonds issued by The Hellenic Republic such that the right of all holders of the Affected Bonds to receive payments has been reduced.”

    The “credit event” ruling means a maximum of $3.16 billion of net outstanding Greek credit default swap contracts could be paid out, though the actual amount is likely to be lower because bondholders are not losing all of their original investment. ISDA said the auction will be held to determining the actual payout amounts on March 19.

    … for more click here!

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March 10, 2012 Posted by | Economics | , , , , , , | Comments Off on Greece Deal Triggers $3B in Default Swaps: ISDA!

CIA & Mossad Death Squads Exposed In Syria!

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