Socio-Economics History Blog

Socio-Economics & History Commentary

Mike Shedlock on The Spexit, The Grexit And Running for The Eurozone Exit !!

June 1, 2012 Posted by | Economics | , , , , , , , , , , , | Comments Off on Mike Shedlock on The Spexit, The Grexit And Running for The Eurozone Exit !!

Bilderberg Attendees: The Real Enemies of Humanity!

June 1, 2012 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Bilderberg Attendees: The Real Enemies of Humanity!

Daniel Estulin: Nations Destroyed by Corporate Fascist Dictatorship! Bilderberg Plans Dollar Devaluation vs Chinese Yuan! 2nd Lehman Type Mega Shock, Bank Runs ….

  • Bilderberg agenda 2012:

    – Destruction of USD
    – USD devaluation vs Chinese Yuan
    – Hyperinflation & Bank Runs
    – Another Lehman type Mega Shock is planned !
    – Planned collapse of Eurozone. Financial rape of public!
    – Global Fascist takeover of countries.
    – Introduction of Global Supra-National Central Bank / World Treasury!
    – Western MSM still keeping silent, covering up Bilderberg meeting.
    – Idea is to bankrupt nations via sovereign debt crisis.
    – Destroying nation states! Destruction of world economy!
    – Population reduction 7 billion to 1 billion!
    – Designed, controlled implosion, eugenics …
    – One World Corporation, Fascism …
    – Goldman Sachs Illuminist banksters, technocrats running world
    – World Government: One World Company Limited fascism
    – Venetian Black Nobility behind Bilderberg
    – Global oligarchic, crime, occult … syndicate

     … and many more issues!

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June 1, 2012 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Daniel Estulin: Nations Destroyed by Corporate Fascist Dictatorship! Bilderberg Plans Dollar Devaluation vs Chinese Yuan! 2nd Lehman Type Mega Shock, Bank Runs ….

West’s Houla Syria Narrative Crumbles!

June 1, 2012 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off on West’s Houla Syria Narrative Crumbles!

Rebels Behind Houla Massacre, US Plan To Destabilize & ‘Save’ Syria in Full Swing!

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June 1, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Rebels Behind Houla Massacre, US Plan To Destabilize & ‘Save’ Syria in Full Swing!

Ireland Year Away from Greek Devastation Unless Austerity Stopped !

June 1, 2012 Posted by | Economics | , , , , , , , , | Comments Off on Ireland Year Away from Greek Devastation Unless Austerity Stopped !

Jim Rogers: Global Economic Shocks Coming in 2013-2014 !

June 1, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Comments Off on Jim Rogers: Global Economic Shocks Coming in 2013-2014 !

Bilderberg Behind The New World Order?

The Western Illuminati Organization Chart. Source: http://www.stevequayle.com

June 1, 2012 Posted by | EndTimes, GeoPolitics | , , , , , | Comments Off on Bilderberg Behind The New World Order?

Bilderberg 2012 Power Elites Plot in Secrecy!

Illuminati Round Table, Geo-Political Organizations

June 1, 2012 Posted by | EndTimes, GeoPolitics | , , , , , | Comments Off on Bilderberg 2012 Power Elites Plot in Secrecy!

Syria: British Detonator for Thermonuclear War with Russia & China?!

  • Syria: British Detonator for Thermonuclear War?! 
    We face an existential crisis, beyond marshall law, beyond the catastrophic 14th century European dark age. A general breakdown crisis has come knocking on our doors, banging with a hard fist to unleash financial disintegration and thermonuclear war.

World War 3 is near?

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June 1, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off on Syria: British Detonator for Thermonuclear War with Russia & China?!

Bailout of Bankrupt Spanish Banks Proving Impossible!

RIP: Rest In Pieces

  • Bailout of Bankrupt Spanish Banks Proving Impossible! 
    by http://larouchepac.com/home 
    The Euro continued to fall today as bankrupt banks multiplied in Spain and a ratings agency downgraded the country’s credit to a very low B rating; it is becoming clear that Spain will ruin its national credit completely trying to bail out its failing banks, unless Glass-Steagall sweeps the continent from the United States.

    There was an abrupt end to the Rajoy government’s flirtation with a perverse “anti-Hamilton” scheme of just issuing tens of billions of euros of new government debt certificates directly to Bankia et al.; the ECB announced that it would not treat them as collateral, nor would it make further loans now to Spanish banks. It became known that two (unnamed) banks have been forced to prematurely REPAY loans from the ECB totaling 30 billion euros — this is not supposed to be possible unless the ECB has judged those banks, or their collateral, to be unsound. When even the central bank is calling in bank loans, those banks are finished.

    So the Spanish government, with its 10-year bond yield going up every day, said on May 29 that it plans to bail out Bankia and the Spanish regions by selling more Spanish sovereign debt on the market. Foreign Minister Jose Manuel Garcia-Margallo said it would also recapitalize its banks this way. But this is an impossibility. Half of Spain’s government debt is already at unsustainable interest rates, and these will explode if the government yields increase, let alone what they will be if the government tries to sell additional paper.

    And how much additional sovereign paper? The bankrupt regions have 15 billion euros of debt coming due this year. The banking system needs at least five times that. The major Spanish banks are bankrupt beyond belief, and nobody believes their numbers because they are all hiding the non-performing real estate debt by avoiding trying to sell them — which would require marking to market. This was a good part of the Bankia shock when the bank “found another 13 billion in bad debt” as the government nationalized it; Santander and BBVA are probably worse. A Bloomberg wire today is headlined “Spain Delays and Prays That Zombies Repay Debt: Mortgages,” and it reports that “Spanish banks are masking their full exposure to soured property loans while they continue to prop up insolvent ‘zombie’ developers.” Nomura now estimates that 76.5 billion euros is needed this year in bank bailouts (it was 50-60 billion 48 hours ago). The reality is probably in the hundreds of billions.

    And then of course the Rajoy government is vowing to perform all this impossible debt refinancing while sticking strictly to deep austerity targets in a shrinking, 25%-unemployed economy. This would guarantee a “Greek” spiral into national destitution, while the banks fail anyway.

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June 1, 2012 Posted by | Economics | , , , , , , , , , , , | Comments Off on Bailout of Bankrupt Spanish Banks Proving Impossible!

US Troops Imitate Invasion of Iran with Arab Allies?!

Iran war to trigger World War 3?

  • These are simply rehearsals for the coming Satanic World War 3! This is another sign that the Illuminists are about to initiate their global economic, financial and currency meltdown! (emphasis mine)

    US troops imitate invasion of Iran with Arab allies?! 
    by http://rt.com/ 
    Around 12,000 troops from more than 19 nations are wrapping up a massive military training drill in the Middle East. But for some of those servicemen, these exercises might be just the beginning of something much bigger to come.

    The United States, Saudi Arabia, and Jordan are just a sampling of the many countries — along with European allies — that have been involved in the nearly month-long Eager Lion 2012 exercise expected to end this week. Although much of the drills have been kept under wraps, it isn’t a secret that these states have spent the last month cooperating together through mock combat drills and comprehensive training. Some sources overseas report, however, that as many as 3,000 troops aligned with US forces have conducted a simulated landing and attack on Iran, preparing America and its allies for a war that becomes more likely by the day.

    Intelligence sources speaking to Israel’s Debka news agency report that US troops and other forces aligned with America recently staged a landing on a Jordanian beach that was immediately followed by a military seizure of fortified mountain bases and command posts. The exercise was meant to emulate an attack on Iran and accompanies other drills that witnesses say show off just what America’s foes face if they continue to put the heat on the United States and its pals abroad.

    Speaking of a drill assumed to be a mockup of a raid on Syria, Major General. Awni el-Edwan, Chief of staff of the Jordanian Operations and Training Armed Forces, says, “The exercise is not connected to any real world event,” reports CNN. “This has nothing to do with Syria. We respect the sovereignty of Syria. There is no tension between the Syrians and us. Our objectives are clear.”

    Others, however, say that the intentions of the Eager Lion 2012 drills are obvious. Gen. James Mattis, head of the US Central Command, visited both sections of the exercise led by American troops in Jordan, adds Debka. Should the US officially attack either Syria or Iran, Gen. Mattis will be the head of the military forces there. Additionally, intelligence sources speaking with the Israeli outlet reveal that Gen. Mattis has recently sought approval from US President Barack Obama to deploy a third aircraft carrier to the Middle East to increase America’s presence.


    The United States currently has two massive aircraft carriers in the Persian Gulf area, both the USS Abraham Lincoln and USS Enterprise, and CNN adds in their report that the Air Force has sent six of the stealth F-22 fighter jets to the neighboring United Arab Emirates.

    The US is believed to be engaged in exercises involving the Navy and Air Force in operations on the land, air and sea, with the US Special Operations troops also working in tandem with Jordanian special forces units in counterterrorism to put both teams on the same page.

    Debka reports that, during Eager Lion 2012, a command post was also established by around 700 US Marines onboard the USS New York amphibious transport dock that was stationed in the Red Sea. The entire exercise there, they say, was “clearly visible” to observers in a neighboring Israeli port. Only days earlier, Debka reported that Israeli Defense Minister Ehud Barak told his country that “all options remain on the table” involving an attack on Iran, and that the Jewish state will strike first if necessary, even without the assistance of American forces.

    “There is no need to tell us what to do, and we have no reason to panic. Israel is very, very strong, but we do know that the Iranians are accomplished chess players and will try to achieve nuclear capabilities,” said Barak.

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June 1, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , | Comments Off on US Troops Imitate Invasion of Iran with Arab Allies?!

Bill Gross: The Global Monetary System Is Reaching Its Breaking Point !

  • Bill Gross: The Global Monetary System Is Reaching Its Breaking Point! 
    by Tyler Durden, http://www.zerohedge.com/
    Think JPM is the “whale” in the market? Think again. Bill Gross exposes the real food chains on Wall Street, and you may be surprised just who is truly the biggest “whale” in the “developed” world. Hint- it is the creature controlled by a Princeton economics professor. From Pimco’s Bill Gross

    Wall Street Food Chain
    Soaring debt/GDP ratios in previously sacrosanct AAA countries have made low cost funding increasingly a function of central banks as opposed to private market investors.
    – Both the lower quality and lower yields of such previously sacrosanct debt represent a potential breaking point in our now 40-year-old global monetary system.
    – Bond investors should favor quality and “clean dirty shirt” sovereigns (U.S., Mexico and Brazil), for example, as well as emphasize intermediate maturities that gradually shorten over the next few years. Equity investors should likewise favor stable cash flow global companies and ones exposed to high growth markets.?

    The whales of our current economic society swim mainly in financial market oceans. Innovators such as Jobs and Gates are as rare within the privileged 1% as giant squid are to sharks, because the 1% feed primarily off of money, not invention. They would have you believe that stocks, bonds and real estate move higher because of their wisdom, when in fact, prices float on an ocean of credit, a sea in which all fish and mammals are now increasingly at risk because of high debt and its delevering consequences. Still, as the system delevers, there are winners and losers, a Wall Street food chain in effect.

    read more!

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June 1, 2012 Posted by | Economics | , , , , , , , , | Comments Off on Bill Gross: The Global Monetary System Is Reaching Its Breaking Point !

Margin Call? JP Morgan Sells $25 Billion in Securities to Offset Derivatives Losses?!

Is JP Morgan in trouble?

  • If this is true and JP Morgan is running out of money to service margin calls, the world financial system is in trouble. JP Morgue and Goldman Sucks are shareholders of the FedRes. It is a big deal when JP Morgue sells US$25B to meet margin calls. It implies that the derivatives problem is rapidly blowing up. JP Morgue has something like US$70T (understated IMO) of financial derivatives!

    Margin Call? JP Morgan Sells $25 Billion in Securities to Offset Derivatives Losses?! 
    by http://www.silverdoctors.com/ 
    In what CNBC calls ‘a stupid decision‘, JP Morgan has reportedly sold $25 billion in profitable bonds and securities to offset trading losses from its IG9 derivatives crisis.

    If it was merely an effort to prop up earnings for JPM’s Q2 report we would agree, but this is more likely JP Morgan LIQUIDATING CAPITAL TO MEET MASSIVE MARGIN CALLS OVER ITS ESCALATING INTEREST RATE SWAP LOSSES, which we have discussed are reportedly close to $100 Billion.   Bankers are not fools, throwing good money after bad.  If JPM sold $25 billion in profitable positions, it is because IT WAS FORCED TO.

    JPMorgan Chase has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank’s now-infamous “London Whale,” compounding the cost of those trades.

    Chief Executive Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter.

    The sales of profitable securities from elsewhere in the bank’s investment portfolio will increase its costs by triggering taxes on the gains and by eliminating future earnings from the securities.

    Gains from the sales could provide about 16 cents a share of earnings, about one-fifth of the bank’s second-quarter profit, analysts said. But rather than creating new value for investors, the transactions merely shift gains in securities from one part of the company’s financial statements to another.

    “They really made two stupid decisions,” said Lynn Turner, a consultant and former chief accountant of the Securities and Exchange Commission. The first was taking risks with derivatives that they did not understand, Turner said. “The second is selling assets with high income that they can’t replace,” Turner added.


    Read more!

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June 1, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Margin Call? JP Morgan Sells $25 Billion in Securities to Offset Derivatives Losses?!

John Embry: People Will Be Shocked at The Chaos Heading Our Way!

The Eurozone is imploding!

  • Embry – People Will Be Shocked at the Chaos Heading Our Way! 
    by www.kingworldnews.com
    Today John Embry told King World News, “This situation is unprecedented.  The world has never, ever been in a condition like this.”  Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN, “anyone that is complacent will be shocked at the chaos that is heading our way.”  Here is what Embry had to say about the situation:  “I think we’re in an extraordinary place.  It’s becoming obvious that Europe is imploding, and the powers that be really don’t have any solutions.  I’m very worried about China.  Lawrence Summers recently said China may have a year in which it only grows 7% in the next decade.”
    ….
    The reality is the clock is ticking for the launch of QE3, but let me clear up one misunderstanding, at least as I see it.  I don’t think QE3 will have any dramatic impact on the economy.  The only thing it will do is forestall the implosion from occurring as rapidly.
    ….
    This situation is unprecedented.  The world has never, ever been in a condition like this.  As a result, anyone that is complacent here and says, ‘This is just business as usual,’ they are dead wrong and will be shocked at the chaos that is heading our way.”

    read more!

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June 1, 2012 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on John Embry: People Will Be Shocked at The Chaos Heading Our Way!