Socio-Economics History Blog

Socio-Economics & History Commentary

US-NATO “Humanitarian Intervention” in Syria: Towards a Regional War?

June 23, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | 1 Comment

David Icke: A Global Network of Families & Secret Societies Behind This Incessant Centralization of Power in All Areas of Our Lives!

  • David Icke 10.00 onwards :
    – They want a World Government which will dictate to every nation!
    – They want a World Central Bank that will control all global finance!
    – They want a World Single Currency which will not be cash, which will be electronic!
    – They want a World Army imposing the will of the World Government!

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June 23, 2012 Posted by | GeoPolitics, Social Trends | , , , | Comments Off on David Icke: A Global Network of Families & Secret Societies Behind This Incessant Centralization of Power in All Areas of Our Lives!

Bank Downgrade “Shocker” Aims To Plant Fear & Panic!

June 23, 2012 Posted by | Economics | , , , , , , , , | Comments Off on Bank Downgrade “Shocker” Aims To Plant Fear & Panic!

CrossTalk: Euro-Lehmans!

June 23, 2012 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on CrossTalk: Euro-Lehmans!

Max Keiser: The Banks Are Dead !

June 23, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Comments Off on Max Keiser: The Banks Are Dead !

‘Flame’-Throwers: US, Israel Behind Super Spy Virus?

  • “Mr. Benjamin Freedman, a Jewish industrialist born in New York, wrote in the Economic Council Letter published there of October 15 1947: “These Eastern European Jews have neither a racial nor a historic connection with Palestine. Their ancestors were not inhabitants of the Promised Land. They are the direct descendants of the people of the Khazar Kingdom. The Khazars were a non-Semitic, Turko-Mongolian tribe.” Mr. Freedman was challenged, unwisely, by a Zionist objector; he invited his challenger to go with him to the Jewish room of the New York Public Library. There they could together examine the Jewish Encyclopedia volume I pp. 1-12, and the published works of Graetz, Dubnow, Friedlander, Raisin and many other noted Jewish historians, which, as well as other non-Jewish authorities, “establish the fact beyond all possible doubt”.’
    ~ Somewhere South of Suez (1950) pp349-350.”

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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June 23, 2012 Posted by | GeoPolitics | , , , , , , , | Comments Off on ‘Flame’-Throwers: US, Israel Behind Super Spy Virus?

China Pumps Iran’s Oil Harder as Sanction Shutdown Looms!

June 23, 2012 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off on China Pumps Iran’s Oil Harder as Sanction Shutdown Looms!

TSA Trained To Touch Your Genitals?

June 23, 2012 Posted by | Social Trends | , , , , , , , , | Comments Off on TSA Trained To Touch Your Genitals?

Europe To Launch Massive Two Trillion Euro Bailout Package?!!

  • Europe To Launch Massive Two Trillion Euro Bailout Package?!! 
    by www.kingworldnews.com
    With tremendous volatility in global markets, today King World News interviewed one of the savviest guys in the business, Jeffrey Saut, Chief Investment Strategist for Raymond James.  Saut surprised KWN by saying that Europe is about to launch “a two trillion euro bailout package.”  He also stated that this “puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher.”  Saut also discussed gold, but first, here is what he had to say about the crisis in Europe:  “Having worked inside the Washington DC beltway, I have a pretty good working knowledge of politicians, bureaucrats and bankers.  They are the same in Europe as they are in this country.  They do not want to lose their power, and if the EU busts apart, they all lose their power.”
    ….
    “So I have been saying they are going to paper over this thing in order to try to buy time, just like we did with our financial fiasco.  That said, I could see a scenario whereby they let Greece and Portugal opt out, and it actually improves the strength of the EU.  If it’s good for the EU, it’s good for the rest of the world too.  … What I am hearing is they are readying a two trillion euro bailout package.  If that happens, I think it almost puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher because the powers that be don’t want a stronger dollar.

    read more!

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June 23, 2012 Posted by | Economics | , , , , , , , , , , , , , , , | 1 Comment

Nigel Farage: Europe is About To Impose Extreme Repression!

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

  • Nigel Farage – Europe is About to Impose Extreme Repression! 
    by www.kingworldnews.com
    On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis.  Farage told KWN that “What you may see is a very desperate European Union begin to put in place capital controls and things like this … In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression.”  Farage also discussed the action in the gold market, but first, here is what Farage had to say about the crucial meeting in Europe next week:  “I would be very, very surprised at that big summit next week, which incidentally I have a ticket to, not that I’ll be the most popular person in the building, but I just don’t think there is going to be an agreement of any great significance next week.  I just don’t see it happening.”
    ….
    “The total amount of money that is needed to shore up the Spanish banking system is more like 400 billion (euros), some people even think 500 billion (euros).  The trouble is that if Europe was to do that they would be penniless.  Because in theory they’ve got that money in their stability mechanism, although in practice all they’ve got are commitments from countries to put money in.  The cash isn’t actually there. ….. So you throw trillions (of euros) at the thing, but six months later you find that the economy is still contracting, we’re still heading into a downward spiral, unemployment is getting worse, people are rioting on the streets and demanding a different solution.

    read more!

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June 23, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off on Nigel Farage: Europe is About To Impose Extreme Repression!

Gerald Celente on Old-Man Europe, Romney & Sons, And a Golden Summer!

June 23, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Comments Off on Gerald Celente on Old-Man Europe, Romney & Sons, And a Golden Summer!

19 Reasons To Start Preparing for a Global Economic Collapse!

Global economic train wreck coming! Aug-Oct 2012?

  • The world is heading towards a global economic, financial and monetary metldown! Emphasis mine: 

    19 Reasons to Start Preparing for a Global Economic Collapse
    by Michael Snyder, Contributor Activist Post
    Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going to be saved it would have happened by now. The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride out the coming chaos.

    Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over.

    Most Americans greatly underestimate how much Europe can affect the global economy. Europe actually has a larger population than the United States does. Europe also has a significantly larger economy and a much larger banking system. The world is more interconnected today than ever before, and a collapse of the financial system in Europe will cause a massive global recession. Once the global economy slides into another major recession, it is going to take years to recover. The pain is going to be immense. Yes, that is going to include the United States. Sadly, we never recovered from the last recession, and it is frightening to think about how much further this next recession is going to knock us down.

    The big problem is that there is simply way, way, way too much debt in the United States and Europe. It has been a lot of fun spending all of this borrowed money, but now we get to pay the price.

    The following are 19 reasons why it is time to start freaking out about the global economy….

    #1 The yield on 10 year Italian bonds has now risen to more than 6 percent.
    #2 The yield on 10 year Spanish bonds has now risen to more than 7 percent. This is considered to be an unsustainable level.
    #3 Citigroup Chief Economist Willem Buiter says that both Italy and Spain are going to need major bailouts.
    #4 The Spanish banking crisis continues to get worse. The following is from a CNN article that was posted on Monday….

    But the depth of the nation’s crisis has raised doubts about whether €100 billion will be enough to recapitalize the banks. For example, the Bank of Spain, the nation’s central bank, released data Monday showing that “doubtful” loans — those that are more than 3 months overdue — rose to €152.7 billion in April, equal to 8.7% of all the loans held by the nation’s banks.

    #5 Unemployment in Spain is sitting at a record high of over 24 percent with no hope in sight

    read more!

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June 23, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on 19 Reasons To Start Preparing for a Global Economic Collapse!

EURO Collapse IMMINENT?

June 23, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Comments Off on EURO Collapse IMMINENT?

Banking Insider: Financial Time Bombs!

The global economic, financial and currency collapse time bomb!

  • Emphasis mine:

    Financial Time Bombs! 
    by Steve Quayle, http://stevequayle.com/
    June 21, 2012
    Steve,

    Where do I begin? Lets start up with the Eurozone and take it from there. I was the first to mention to you that the Spanish Bailout had already happened before it was even announced that they were going to need more within the week. Well a week has passed and it said that both Italy and Spain need an almost $1 Trillion dollar bailout. The reason? Apart from both being insolvent, Italy has to borrow money at 7% to lend to Spain at 3% by edict of the Euro Technocrats via ECB. These morons have the economics understanding of a five year old. Now both countries are heading the way of Greece, which is total economic death as Greece is a failed state, with no government, a stolen election and thousands starving to death.

    Steve as I said the Euro is unofficially collapsed with a major “OFFICIAL” collapse coming this fall or winter. I said many times to my cohorts , though the Eurozone has it’s problems, it is the US that is the Supreme Emperor with No Clothes the Eurozone are just vassals. The problems facing the US are much, much worse. With very high unemployment, debt to the stratosphere and an economy in rigor mortis, the US is a patient on his death bed waiting for the elite power brokers to give it it’s last rights and then devour the patient’s body.

    Couple of points that, I need to revisit for your readers and listeners are as follows:

    1. Real Estate- The real estate, in the US, has in no way hit the bottom–yet. Not in the FEH (Financial Economics Hubs) like New York but I tell you that you will see a housing market crash the likes of which you have never seen or will ever see again. This will occur for the following reasons.

    a) Inventory- The government backed mortgage programs (Fannie and Freddie), the left over sub-prime mess, and the foreclosures have left a massive $7 Trillion dollar inventory of over 20 million homes the exact number of which have no idea and some even estimate it to be over 30 million not counting shadow inventory. Anyway to put things in perspective consider this.  Numbers like millions, billions and trillions are tossed around the media so much that Americans have no concept of such insanely large numbers I will put it to you this way. In Ireland they have an inventory of 290,000 homes. This would take the Irish Fourty Three years to fill. How long do you think it would take the US if we use the “official” number of 18 million empty homes? It would take over 300 years!!!!!

    Knowing this, the power con men in the government and banking institutions have purposely tightened the spigot and bottlenecked the whole system preventing the market from adjusting and continuing the housing bubble for the not to distant future. They know if they opened that valve, it would dump a massive inventory of houses on the market crashing everything with it. A hit the US economy can’t take. Why do you think “Robo Signing” was set up? In our Real Esate Banking divisions we purposely created Robo Signing, knowing full well that the muck that that would cause in terms of title holder and legal proceedings will keep the spigot tight until the Banksters got what they needed out of the market. Remember it’s all about squeezing that one more dime out of the system one more percentage rate, one more profit margin and then when the very marrow is sucked from the bones the whole thing can then just turn to dust.

    2. Deposit of Creditors- You know there still are savers in America, though not as much as their counterparts in other western nations but thankfully there still are. The reality is Steve much of what Americans save wont last them more than a month at most in fact most American are two pay checks away from being homeless. Any way the vast amount of deposits in US banks allow them to play the fractional reserve game and thanks to the end of Glass Stiegel it allows them to take your hard earned money in your account and use it to make bets and play in the world investment markets. So long as you the American public don’t demand your money at the same time (Bank Run) the banksters whittle it away like drunk sailors at a Rio bar. With the Fed continuing to print and buy US debt, this game is coming soon to a close. That is why I have warned, to only keep in your accounts what you can stand to lose and what you need to cover day to day expenses. How many of you have listened?

    3. Sovereigns Debt – I have been screaming about this Frankenstein since 2007. I wrote an extensive report on the dangers of US bonds and TARP and how that would be the final nail in the coffin. We all know that there is a bubble in the US bond market. Heck we knew it for years. In my 2010 report I made it clear that the very thing that would bring down the US bond market would be the devaluation of currency (which is happening) followed by a currency war (which is happening) followed by a trade war (which has started) and then finally a rise in the precious metals market, particularly SILVER. When the US finally loses it’s World Reserve Currency status (which is happening) Expect the US crash to make the Eurozone to look like a Sunday School Picnic.

    All the problems in the US can be centered around these three major issues and when these financial bombs explode the shockwave will be immense. Alas I fear the banksters have a war planned for us as well, how do I know? The numbers tell me so.

    V.

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June 23, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Banking Insider: Financial Time Bombs!

The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap!

  • All the signs of the coming ollapse of the USD are there. Countries all over the world are abandoning the USD for international trade settlement. It used to be that as much as 66% of international trade were settled in USD. This creates an artificial demand for the USD and thus gives it value. The last domino to fall is the petrodollar hegemony. Iran is leading the way in abandoning the USD when selling oil. Thus, they are being targeted for war (like Iraq and Libya in the past).
  • I do not believe the western Illuminati will allow their global monetary hegemony to collapse without a fight. They will initiate a global currency meltdown to destroy all fiat currencies via hyperinflation. They will not allow the CNY to challenge their world currency dominance and replace the USD. They are going into world war mode to bomb their enemies into submission. Their plan calls for the abandonment of the USD but in favour of their own One World Currency (backed by gold) and Global Supra-National Central Bank. In this new phase, America will be subjugated to their Luciferian New World Order, World Government!

    The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap! 
    by Tyler Durden, http://www.zerohedge.com/ 
    When the US Dollar is ultimately dethroned as the world’s reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic “theories”) nobody will have seen it coming. Well, nobody except for the following headlines: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says“, “India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees.”

    And while the expansion of the “dollar exclusion zone” was actually quite glaring to anyone who dared to look, one thing was obvious: it was confined to Asia. No more courtesy of the following FT headline: “Brazil and China agree currency swap.” More: “Brazil has provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy yet to agree a swap deal with Beijing. Brazil and China announced the R$60bn (US$29bn) local currency swap after a bilateral meeting between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s president, on the sidelines of the Rio+20 environmental summit in Rio de Janeiro.”


    “It is a measure that reinforces the economies of both countries,” Guido Mantega, Brazil’s finance minister, said late on Thursday night.

    Well, that… and also a measure which shows that one by one every country in the world is starting to think of the post-dollar world.

    China has launched an aggressive campaign of “currency swap diplomacy”, signing about 20 such agreements over the past four years with countries ranging from Argentina to Australia and the United Arab Emirates.

    While these have been largely symbolic – only Hong Kong so far has had to activate its swap line after a shortage of renminbi in the territory in 2010 – they are seen as helping the long march of the internationalisation of the Chinese currency.

    They are inactive only as long as they are not activated. And that, as the Federal Reserve bank of JPMorgan the United States has shown can be done with just the flip of a switch.

    read more!

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June 23, 2012 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , | Comments Off on The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap!