Socio-Economics History Blog

Socio-Economics & History Commentary

Ralph Nader on The Crisis in Gaza: The World’s Largest Open-Air Gulag!

  • Ralph Nader on Gaza: The World’s Largest Open-Air Gulag!
    The Crisis in Gaza
    Have you heard much lately about the 1.5 million Palestinians illegally imprisoned by the Israeli government in the world’s largest open-air Gulag? Their dire living conditions, worsened by a selective Israeli siege limiting the importation of necessities of life – medical items, food, water, building materials, and fuel to list a few – has resulted in an 80 percent unemployment rate and widespread suffering from unlawful punishment, arbitrary arrests and imprisonment in Israeli jails.

    The horrific conditions were a result of the Israeli invasion of Gaza in late 2008, ignited by Israel’s breaking of a truce with Gaza on November 4. Fourteen hundred people died, nearly three hundred of them children, and thousands were injured. The terror bombing of the Gazan population smashed into homes, hospitals, schools, ambulances, mosques, subsistence farms, UN facilities, and even the American International School. Israeli bombers destroyed over 30 members of one extended family in their home. That toll alone was three times the amount of Israeli fatalities, which included friendly fire.

    The humanitarian crisis in crowded Gaza – about twice the size of the District of Columbia – “is now more dire than ever.” That is the judgment of Norwegian physician and professor of medicine, Dr. Mads Gilbert, who just finished a ten-day speaking tour in the U.S. Dr. Gilbert, returning from a recent visit to Gaza, was one of the only two foreign doctors inside Gaza during the massacre of December 2008 to January 2009.

    He says: “During the Israeli attack, I saw the effects of new weapons including drones, phosphorous and also DIME [Dense Inert Metal Explosives], which leave no shrapnel, but I witnessed their capacity to cut a child in two; they also leave radioactive traces.”

    Today, anemia and protein deficiency are widespread, reports Dr. Gilbert, especially among little children. UN and other relief supplies are inadequate, and UN humanitarian relief staff is often harassed by Israeli officials. Rebuilding pulverized Gaza is seriously obstructed by Israel blocking the imports of building materials.

    Dr. Gilbert comments that he has “worked in other desperate situations in other places and Gaza is unique in a number of respects. It’s a captive population – usually if civilians are being attacked, there’s a safe place they can take refuge and then come back to their homes when the fighting has stopped. That doesn’t exist for the people in Gaza since they are effectively imprisoned by the Israeli siege.”

    Writing in the prestigious British medical journal “The Lancet” in early 2009, Dr. Gilbert provided clinical details of the slaughter, including the destruction of ambulances and medical facilities that tend to the dying and the wounded.

    He described a “shattered, attacked, and drained health-care system trying to help an overwhelming amount of casualties in a war between clearly unequal powers, where the attacker spares no civilian lives – be it man, woman, or child – not even the much-needed health workers of all professions.”

    … read more!

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


May 3, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , | 1 Comment

James Turk: Banks & Governments Will Collapse Together!

  • Turk – Banks & Governments Will Collapse Together! 
    With increased demonstrations across the globe, today King World News interviewed James Turk out of Europe.  Turk told KWN that banks and governments around the world are set up for a massive collapse, and they will go down together.  Turk also discussed key markets and what he is doing with his own money right now.  But first, here is what Turk had to say about the situation:  “Have you seen the growing demonstrations here in Europe, Eric?  So far, the protests have mainly been non-violent.  They’re protesting in the streets for good reason.  Eleven of the seventeen countries in the EU are in a recession.  With unemployment growing to record levels in some countries, certain key European nations are definitely in a depression.”
    “Then there is the banking problem, particularly in Italy and Spain, where the banks loaded up with debt from their own government, which shows how their interests are aligned.  It looks like these banks and their governments will go down together. The same applies to Japan, UK, the US, and many other countries with zombie banks and over-leveraged governments….

    … read more!


May 3, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | 1 Comment

Billionaire Hugo Salinas Price: Elites Plan to Control the World !

  • Billionaire Hugo Salinas Price – Elites Plan to Control the World ! 
    Today multi-billionaire Hugo Salinas Price told King World News in stunning detail what he believes to be the frightening plan to “control the world” going forward.  He described this as a “very disturbing fact that is facing humanity.”  Here is how he described the situation:  “Eric, the problems we are seeing in the West are not going to be resolved in any positive way.  What we have had in the West, in recent decades, has been the welfare state.  The welfare state is, in my view, what I would call, ‘socialism light.’  We’ve had ‘socialism light’ and now we’re going to transition to full-blown socialism.”

    “This could not be paid for out of taxes:  It had to be financed.  This is what has caused the explosion of debt in the West.  The people who are in power, the elite, do not want to relinquish their power.  They plan to retain it under full-blown socialism for the populations of the West.

    This includes all countries that have central banks:  They are going to have to follow suit.  This is a very disturbing fact that is facing humanity.  It means the inevitable decline of industrial civilization, and the inevitable impoverishment of the world’s population.

    … read more!


May 3, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Comments Off on Billionaire Hugo Salinas Price: Elites Plan to Control the World !

Joel Skousen: Secrets of Survival for The Coming Economic Collapse, Nuclear World War 3 …. Luciferian New World Order, World Government !

May 3, 2012 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

US Police Train with Jewish Terrorists!

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Paul Craig Roberts: US Brewing a Conflict with China!

War is a Racket ! Graphic source:

  • Brewing a Conflict with China! 
    by Paul Craig Roberts, 
    Washington has pressured the Philippines, whose government it owns, into conducting joint military exercises in the South China Sea. Washington’s excuse is that China has territorial disputes with the Philippines, Indonesia, and other countries concerning island and sea rights in the South China Sea. Washington asserts that China’s territorial disputes with the like of Indonesia and the Philippines are a matter of United States’ national interests.

    Washington has not made it clear what Washington’s stake is in the disputes. The reason Washington cannot identify why China’s disputes with the Philippines and Indonesia are threats to the United States is that there is no reason. Nevertheless, the undefined “threat” has become the reason Washington needs more naval  bases in the Philippines and South Korea.

    What this is all about is provoking a long-term cold war conflict with China that will keep profits and power flowing into Washington’s military-security complex. Large profits flow to armaments companies. A portion of the profits reflow into campaign contributions to “the people’s representatives” in DC and to presidential candidates who openly sell out their country to private interests.

    Washington is going to construct new naval bases in the Philippines and on the environmentally protected Jeju Island belonging to South Korea.  Washington will waste tax revenues, or print more money, in order to build the unnecessary fleets to occupy these bases.  Washington is acquiring bases in Australia for US Marines to protect Australia from China, despite the lack of Chinese threats against Australia.  Bush and Obama are the leading models of the “people’s president” who sell out the people, at home and abroad, to private interests.

    Why is Washington ramping up a new cold war?
    The answer begins with President Eisenhower’s warning to the American people in his last public address about the military/industrial complex in 1961.  I won’t quote the warning as it is available online.  Eisenhower pointed out to Americans that unlike previous wars after which the US demilitarized, after World War II the cold war with the Soviet Union kept the power and profits flowing into the military/industrial complex, now known as the military/security complex. President Eisenhower said that the flow of power and profit into the military/industrial complex was a threat to the economic wellbeing and liberty of the American people.

    No one paid any attention, and the military/security complex was glad to be rid of the five-star general war hero president when his second term expired.  Thanks to the hype about the “Soviet threat,” the military/security complex faced an unlimited horizon of mounting profits and power as Americans sacrificed their future to the interests of those who protected Americans from the Soviet threat.

    The good times rolled for the armaments companies and security agencies for almost three decades until Reagan and Gorbachev reached agreement and ended the cold war. When the Soviet Union subsequently collapsed, the future outlook for the power and profit of the US military/security complex was bleak. The one percent was about to lose its fortunes and the secret government was about to lose its power.

    The military/security complex went to work to revive the need for a massive “defense” and “security” budget. Among their willing tools were the neoconservatives, with their French Jacobin ideology and Israeli loyalties. The neocons defined  America as the “indispensable people.”  Such extraordinary people as Americans must establish hegemony over the world as the sole remaining superpower. As most neoconservatives are allied with Israel, the Muslim Middle East became the target of opportunity.

    … read more!

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

US: Money only for wars and banksters!


May 3, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on Paul Craig Roberts: US Brewing a Conflict with China!

Bob Chapman & Stan Monteith: The Entire Economic And Financial System Heading for Collapse!

May 3, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman & Stan Monteith: The Entire Economic And Financial System Heading for Collapse!

UK Devastated By Austerity!

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Pentagon Dropping Bombs Overseas Doesn’t Help US Economy!

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NATO Needs Afghanistan as Launch Pad for Regime Changes!

  • Daniel 7:23 (New King James Version)
    “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.


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Mike Maloney on Economic Crisis! Silver & Gold, Debt Collapse, $20,000 Gold !

May 3, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Mike Maloney on Economic Crisis! Silver & Gold, Debt Collapse, $20,000 Gold !

Hugh Hendry On Europe “You Can’t Make Up How Bad It Is”!

  • The Illuminist plan is for a global economic, financial and monetary collapse leading to World War 3! The collapse will start in the PIIGS, spread to the rest of Europe, UK, Japan … finally America. All fiat currencies will be under attack. Got physical gold yet?

    Hugh Hendry On Europe “You Can’t Make Up How Bad It Is”! 
    by Tyler Durden, 
    At The Milken Institute conference yesterday, Hugh Hendry delivered his usual eloquent and critical insights on the state of Europe. Beginning with the statement that “All of Europe has defaulted”, the canny-wee-fella (translation: shrewd and cautious young chap) explained that “The political economy in Europe is such that the politicians chose to default on their spending obligations to their citizens in order to honor the pact with their financial creditors and so as time goes on, the politicians are being rejected.”

    Between France’s election of Mr. Hollande and Luxembourg’s ‘when times get tough you have to lie’ Juncker, Hendry says the only inspiration for Europe is fiction as “you just can’t make up how bad it is” as he goes on to discuss the precedent for a way forward, the grotesque distortions of fixed exchange rate regimes, why Weimar happened, why the transfer union will never happen, Ayn Rand’s reality, and fear politicians are feeling.

    The entire discussion is well worth watching for a sense of the underlying reality in Europe.

    …. read more!


May 3, 2012 Posted by | Economics | , , , , , , , , | Comments Off on Hugh Hendry On Europe “You Can’t Make Up How Bad It Is”!

Factory Orders Post Biggest Decline in Three Years!

  • It is QE to infinity!

    Factory Orders Post Biggest Decline in Three Years! 
    By: Reuters
    New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday.

    The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February. Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February.

    While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started. The Institute for Supply Management’s index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday.

    The Commerce Department report showed orders for transportation equipment tumbled 12.6 percent in March on weak orders for civilian aircraft. Orders for motor vehicles and parts was flat in March after rising 1 percent in February.

    … read more!


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Payroll Survey Signals U.S. Jobs Slowing as Orders Drop!

  • Economic growth, recovery? I don’t think so. Things are getting worst. Even with their BS propaganda economic statistics, they cannot hide the true conditions much.

    Payroll Survey Signals U.S. Jobs Slowing as Orders Drop! 
    By Shobhana Chandra and Timothy R. Homan, 
    Companies in the U.S. added fewer workers last month, according to data from a private survey,pointing to a cooling in the job market, as the Commerce Department also reported a decline in factory orders in March.

    Private employment increased by 119,000, the smallest gain in seven months, after rising by 201,000 in March, Roseland, New Jersey-based ADP Employer Services said. Orders to factories  fell 1.5 percent following a 1.1 percent gain in February.

    Stocks retreated as the smaller-than-projected advance in payrolls raised concerns government data in two days will show the world’s largest economy isn’t growing fast enough to reduce unemployment. A report yesterday showing manufacturing expanded in April at the fastest pace in almost a year helped send the Dow Jones Industrial Average to the highest level since 2007.

    “Some slowing of job growth was expected,” said Gus Faucher, a senior economist at PNC Financial Services Group Inc. in Philadelphia. “As of now, the job market continues to expand, and we’re getting close to a self-sustaining recovery”where job growth supports wage gains, he said.

    … read more!


May 3, 2012 Posted by | Economics | , , | Comments Off on Payroll Survey Signals U.S. Jobs Slowing as Orders Drop!

Preparing for a Lengthy And Unpredictable US Dollar Crisis!

Well, what do you know? There are still some uses for the dollar!

  • Preparing for a Lengthy and Unpredictable US  Dollar Crisis
    By Eric Fry, 
    “On the threshold of a crisis,” we observed in our essay “Investing Ahead of the Curve” in the July 19, 2011 edition  of The Daily Reckoning, “a fertile imagination can be an investor’s  most valuable asset.”

    “During normal times,” we continued, “investors can focus only on buying  quality stocks one by one from the bottom up, without also trying to envision  what tragedies might befall them from the top down… But it may be time to begin  imagining the unimaginable.

    “It may be time, in other words, to begin considering that the next phase of the global monetary system might not include the US dollar as its reserve currency…or that the next two decades of life in America might not look anything like the last two decades.”

    Here in the US of A, life is still pretty good, even if the economy isn’t  perfect. A true crisis seems unimaginable. After all, even the 2008 crisis  wasn’t that bad. Today, the Apple store in the mall is always packed,  most of the restaurants in town are full…and the dollar is still strong enough  to buy a nice vacation almost anywhere in the world.

    A currency crisis that triggers an economic crisis — or vice versa — just  feels like a bunch of wacky doom-and-gloom stuff. And it may well be. In the  context of America’s legendary resilience and economic might, a catastrophic  currency crisis seems almost unimaginable… But the time has arrived to begin  imagining it…not because it is certain, but because it has become less  unimaginable.

    The best way to defend against a currency crisis is as obvious as it is  emotionally difficult: Don’t hold the currency that is hurtling toward a  crisis. There is nothing mechanically difficult about this remedy, but it can be very  difficult emotionally…and tactically. An individual who trades dollars for some  sort of “safer” currency, for example, risks looking like a fool for a long  period of time. Not even gold is a sure bet over short-to-medium-term  timeframes. This safe-haven asset tumbled about 40% against the dollar during  the 2008 crisis.

    In short, being “safe” can sometimes feel very dangerous…and foolish. And no  one wants to look as foolish as Noah building his Ark…unless, of course, it  starts raining.

    When the rain started falling on Brazil in 1990…or Thailand in 1997…or Russia  in 1998, investors who had traded their local currencies for US dollars or gold  were able to sail through the crises relatively unscathed. As their economies  tumbled into deep recessions and asset values collapsed, the folks who had  parked their wealth in dollars or gold were able to preserve their wealth…and  also to take advantage of the resulting bargains.

    But these folks had to be both forward-looking and patient if they were to  succeed in protecting their wealth. Even so, their mission was infinitely easier  than the one we Americans face today.

    Throughout the serial currency crises of the last several decades,  individuals everywhere throughout the world knew they could protect their wealth  simply by trading their local currencies for US dollars. They didn’t even have  to think about it. Just a wee bit of imagination enabled some investors to steer  clear of these crises. The dollar was a sure thing.

    But now that the “sure thing” itself is the thing that is becoming less sure,  the appropriate course of action is very difficult to determine. Today, the  looming potential crises are not unfolding in banana republics or in chronic  economic basket cases, but in the world’s largest economies.

    Investors required almost no imagination to envision the Argentine currency  crisis of 2002. Argentina, Brazil and Russia all possessed a rich history of  monetary incompetence and chicanery. Today, however, investors will require an  imagination so vivid and wild that it would border on hallucinogenic. They must  not merely imagine that an Argentina might have a currency crisis…again…but they  must try to imagine that the euro might splinter apart…or that the dollar might  suffer a disastrous hyperinflation.

    … read more!


May 3, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Preparing for a Lengthy And Unpredictable US Dollar Crisis!