Socio-Economics History Blog

Socio-Economics & History Commentary

Tensions Between Turkey And Syria Escalate!

June 27, 2012 Posted by | GeoPolitics | , , , , , | Comments Off on Tensions Between Turkey And Syria Escalate!

Imagining The Unthinkable: The Disastrous Consequences of a Euro Crash! Fears Grow of Consequences of Potential Euro Collapse!

Aug-Oct 2012 ??

  • I cannot emphasize enough that the world is heading for a global economic, financial and monetary super storm leading to World War 3. The world will not be the same again after this ginormous meltdown. Fascism is rising. War drums are beating louder and louder. The genocidal madmen, the Satanic cabal which rules the world, want to lead all humanity into their Luciferian New World Order via total chaos, destruction, genocide, depopulation, social collapse, wars without end ….! Are you prepared? Or are you the 99%, the sheeple, who will never awaken despite repeated warnings. Got physical gold yet? My guestimate is: Armageddon starts around Aug-Oct 2012. The world as we know it is about to end.

    Imagining the Unthinkable The Disastrous Consequences of a Euro Crash! 
    by http://www.spiegel.de/ 
    Fears Grow of Consequences of Potential Euro Collapse
    As the debt crisis worsens in Spain and Italy, financial experts are warning of the catastrophic consequences of a crash of the euro: the destruction of trillions in assets and record high unemployment levels, even in Germany. By SPIEGEL Staff

    It wasn’t long ago that Mario Draghi was spreading confidence and good cheer. “The worst is over,” the head of the European Central Bank (ECB) told Germany’s Bild newspaper only a few weeks ago. The situation in the euro zone had “stabilized,” Draghi said, and “investor confidence was returning.” And because everything seemed to be on track, Draghi even accepted a Prussian spiked helmet from the reporters. Hurrah.

    Last week, however, Europe’s chief monetary watchdog wasn’t looking nearly as happy in photos taken in front of a circle of blue-and-yellow stars inside the Euro Tower, the ECB’s Frankfurt headquarters, where he was congratulating the winners of an international student contest. He smiled, shook hands and handed out certificates. But what he had to tell his listeners no longer sounded optimistic. Instead, Draghi sounded deeply concerned and even displayed a touch of resignation. “You are the first generation that has grown up with the euro and is no longer familiar with the old currencies,” he said. “I hope we won’t experience them again.”

    The fact that Europe’s top central banker is no longer willing to rule out a return to the old national currencies shows how serious the situation is. Until recently, it was seen as a sign of political correctness to not even consider the possibility of a euro collapse. But now that the currency dispute has escalated in Europe, the inconceivable is becoming conceivable, at all levels of politics and the economy.

    Collapse of Currency a ‘Very Likely Scenario’
    Investment experts at Deutsche Bank now feel that a collapse of the common currency is “a very likely scenario.” German companies are preparing themselves for the possibility that their business contacts in Madrid and Barcelona could soon be paying with pesetas again. And in Italy, former Prime Minister Silvio Berlusconi is thinking of running a new election campaign, possibly this year, on a return-to-the-lira platform.


    Nothing seems impossible anymore, not even a scenario in which all members of the currency zone dust off their old coins and bills — bidding farewell to the euro, and instead welcoming back the guilder, deutsche mark and drachma.

    It would be a dream for nationalist politicians, and a nightmare for the economy. Everything that has grown together in two decades of euro history would have to be painstakingly torn apart. Millions of contracts, business relationships and partnerships would have to be reassessed, while thousands of companies would need protection from bankruptcy. All of Europe would plunge into a deep recession. Governments, which would be forced to borrow additional billions to meet their needs, would face the choice between two unattractive options: either to drastically increase taxes or to impose significant financial burdens on their citizens in the form of higher inflation.

    A horrific scenario would become a reality, a prospect so frightening that it ought to convince every European leader to seek a consensus as quickly as possible. But there can be no talk of consensus today. On the contrary, as the economic crisis worsens in southern Europe, the fronts between governments are only becoming more rigid.

    The Italians and Spaniards want Germany to issue stronger guarantees for their debts. But the Germans are only willing to do so if all euro countries transfer more power to Brussels — steps the southern member states, for their part, don’t want to take.

    The Patient Is Getting Worse

    read more!

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June 27, 2012 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on Imagining The Unthinkable: The Disastrous Consequences of a Euro Crash! Fears Grow of Consequences of Potential Euro Collapse!

John Embry: We’re On The Edge of Collapse, We’ve Run Out of Time!

Eurozone implosion is coming!

  • Embry: We’re On The Edge of Collapse, We’ve Run Out of Time! 
    by www.kingworldnews.com
    Today John Embry told King World News, when referring to what is needed to bail out Europe, “All I know is that these numbers are staggering … We are on the edge of collapse.  We’ve run out of time.”  Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN that if the euro does split apart, it “will be extraordinarily chaotic.”  Here is what Embry had to say about the crisis:  “We’ve got to focus on what’s coming up in the short-run with regards to the European situation.  It’s going to be an extremely interesting summit they are hosting this Thursday and Friday.  The problems are piling up at such an enormous rate they can’t be ignored anymore.”
    ….
    “We are on the edge of collapse, it’s imminent.  We’ve run out of time.  If they don’t take action, continue to play this brinksmanship, and this thing gets away on the downside, when you get a hard deflation going, it’s really difficult to reverse.
    ….
    I don‘t think you can say anything with total assurance, for the simple reason that we have never, ever been remotely in a condition like this in all of world history.  So the only things that I am comfortable in at this moment are physical gold and silver and gold and silver shares.”

    read more!

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June 27, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on John Embry: We’re On The Edge of Collapse, We’ve Run Out of Time!

Leaders Draft Federal Plan To Save The Eurozone! (Yeah Right!)

Revelation 17:3~6, .. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.(a) 5 And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH. 6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus.

  • The Eurozone is heading towards a total collapse. All these ‘actions’ and talk about rescuing the Eurozone is just political theatre by the Illuminist politician snakes. It is about buying time before the plug is pulled on the whole system. It is basically to deceive the sheeple, to sell to them the illusion that their politician snakes are really doing things to help them. The snakes are still trying to build their EUSSR, a fascist, communist state. They will not be successful in integrating all 17 nations. In the end it will be a deeply unstable, fractious union of 10 nation states ie.: the rise of the 10 Horn Beast of Biblical prophecy! (emphasis mine)

    Leaders draft federal plan to save the eurozone! 
    by Ian Traynor in Brussels, guardian.co.uk 
    Four European presidents make proposals to ramp up the powers of eurozone authorities over national governments

    European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term.

    The incendiary proposals for banking, fiscal, and economic unions resulting in a “political union” are to be debated at an EU summit on Thursday and Friday. Following two bad-tempered meetings of European leaders in Mexico and Rome over the past week, the Brussels summit looks likely to see major clashes over the future of Europe as well as the immediate crisis surrounding sovereign debt, bad banks and the euro‘s survival.

    The crisis has shifted from the periphery of the EU to its very heart, with Berlin and Paris seriously at odds for the first time since the Greek drama started 30 months ago. The logic of the draft proposals will also pose major dilemmas for David Cameron, perhaps putting Britain at a crossroads in its relationship with the continent.

    The seven-page document, obtained by the Guardian, has been drafted by the “gang of four” – a quartet of European presidents: Herman Van Rompuy of the European Council, Mario Draghi of the European Central Bank, José Manuel Barroso of the European commission, and Jean-Claude Juncker of the 17-country eurogroup.

    It calls for a quick start on establishing a new European banking union, says that the ECB could be given supervisory authority over EU banks quickly, and proposes common resolution funds (for winding up bad banks, funded by a banking levy to spare EU taxpayers) as well as a common deposit guarantee scheme for Europe’s savers.

    read more!

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.”

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June 27, 2012 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , | Comments Off on Leaders Draft Federal Plan To Save The Eurozone! (Yeah Right!)

Don Coxe: Get Ready, Banks To Collapse In Europe!

Global economic, financial and monetary collapse super storm is coming!

  • Don Coxe – Get Ready, Banks to Collapse In Europe! 
    by www.kingworldnews.com
    Today 40 year veteran, Don Coxe, told King World News “…the amounts involved are at mind-boggling levels,” in terms of what is needed for Europe’s governments and banks.  Coxe, who is Global Strategy Advisor to BMO ($538 billion in assets), also said that European banks, “…have borrowed huge amounts of money, in dollars, under currency swap arrangements,” and “if banks start to go down, we know from 2008, when banks start to crumble, then the whole system falls.”  Here is what Coxe had to say about the ongoing crisis:  “Well, first of all we’ve got to stop using ‘billions’ because if there is going to be a fund that works, it’s going to have a ‘T’ (for trillions) on it.  We are dealing with some very big numbers in the sense that Italy, although it’s not that big of an economy, it’s got the third largest amount of bond debt outstanding.”
    ….
    “So Italy’s situation is truly serious because they also have a short duration on their debt.  If you were holding a three-year Italian bond, but it’s only got three months to maturity, you are probably not going to sell it now because you want to get your money out.  But you are not likely to roll it over, unless you are an Italian bank.
    ….
    If I had to say what will burst the thing, it will be banks that do it.  And if banks start to go down, we know from 2008, when banks start to crumble, then the whole system falls.  You can postpone the collapse of a government, but you can’t postpone the collapse of a bank if the people are lined up outside and saying, ‘Give me my money.’”

    read more!

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June 27, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , | Comments Off on Don Coxe: Get Ready, Banks To Collapse In Europe!

US And Israel To Hold Largest Ever Joint Military Exercise in October!

World War 3 soon? September – October 2012?

  • The Greater Middle East war, Satanic World War 3 is about to start! It appears September-October 2012 is the most likely date for an attack on Iran. Zionist ‘666’ Israel, the Satanic counterfeit, will be playing the leading role in this war! Will the Illuminists inflame the entire Muslim world against the Zionists by destroying the Al Aqsa mosque in Jerusalem or?? The war drums also implies that the global economic, financial and currency meltdown will happen by Aug-Oct 2012!

    US and Israel to hold largest ever joint military exercise! 
    By , http://www.timesofisrael.com/ 
    Focusing on stopping ballistic missiles and featuring thousands of soldiers, the October drill will simulate simultaneous rocket fire from Syria and Iran

    srael and the US are set to hold their largest ever joint military exercise in October, featuring thousands of soldiers and advanced anti-missile defense systems, and simulating simultaneous fire from Iran and Syria.

    News of the drill comes amid ongoing violence in Syria, and with Israel and the US closely discussing the means to thwart Iran’s nuclear drive. The commander of the 3rd Air Force, Lt.-Gen.Craig A. Franklin, on a recent visit to Israel, established a planning committee with representatives of the IDF to coordinate the details of the exercise, the Maariv Hebrew daily reported Monday. Some 3,000 US soldiers are to participate, alongside thousands of Israeli troops.

    The drill will simulate missiles being fired at Israel from Iran and Syria simultaneously, with potentially tens, if not hundreds, of rockets mid-air at the same time. Israel will test its upgraded Arrow 2 defense system, while the US will deploy the Aegis Ballistic Missile Defense System and PAC-3 Patriot air defense platforms.

    According to Maariv, some military analysts have nicknamed the exercise a “dress rehearsal” for a potential military conflict, noting that it will send a clear message to Iran at a time during which the impact of international sanctions, or lack thereof, will be clearer. News of the drill comes shortly after talks between world powers and Iran regarding Tehran’s nuclear program broke up without progress in Moscow.

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June 27, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on US And Israel To Hold Largest Ever Joint Military Exercise in October!

All Too Predictable: Bilderberg Plan To Force NATO’s Turkey Into Syrian War!

  • All Too Predictable: Bilderberg Plan to Force NATO’s Turkey Into Syrian War
    by Patrick Henningsen, www.Infowars.com
    Last Friday saw a Turkish combat jet downed in the Mediterranean Sea by Syrian antiaircraft batteries. Syria insists that Turkey’s F-4 Phantom  was shot down inside Syrian airspace. It appears to be a Neo-Ottoman baiting exercise by NATO, and for all intents and purposes, it has worked – so far.

    Regardless of the facts surrounding this event, the western media machine and political operators will seek to quickly leverage this event in their efforts to move their inevitable Syrian bombardment project forward.


    To date, NATO’s role for Turkey has been to remain in the shadows, hosting the Syrian National Council, coordinating arms shipments in Syria for foreign fighters, and giving refuge to al-Qaeda rebels across Turkey’s border with Syria. But this latest jet incident is likely to change all that.

    As was predicted within hours of the initial event last week, Infowars.com – whose analysis was once again days ahead of the mainstream media, accurately predicted that this incident would be used to pull the Turkey further into a central position in NATO’s plan to engage Syria:

    If the West and NATO is to enforce a Libya-style ‘no fly-zone’ in Syria, then Turkey would be the tool of choice to run such an operation.

    In case you missed it last Friday, here is the interview hours after the incident – another example of how this website sits much further ahead of the geopolitical analytical curve than the whole of the multi billion dollar-capitalized mainstream media: (see top of post)


    The corporate mainstream media is of course already positioned to spin this story into a pretext for a war between NATO and the Syria’s Assad government. The world must not forget that this is the very same corporate media who aggressively sold a collection of lies, including a White House concocted fantasy of 500 tons of yellow cake uranium sold to Iraq via Niger, and the same corporate media who attempted to slander Joe Wilson and Valerie Plame as they exposed the Vice Presidential office’s lies of an Iraqi nuclear program – lies which were ultimately successful in getting the United States public to back a full-scale war and permanent military presence in the Middle East.

    read more!

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June 27, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on All Too Predictable: Bilderberg Plan To Force NATO’s Turkey Into Syrian War!

Turkey Mobilizes for War with Syria!

  • Turkey Mobilizes for War with Syria!
    by www.Infowars.com 
    Turkey is moving a large number of troops and hardware to the Syrian border, according to Turkish media reports. On Tuesday evening, the Times of Israel reported:

    Large numbers of Turkish troops — including at least 15 long-range artillery pieces and tanks – moved to the Syrian frontier from the eastern city of Diyarbakir. A video published by the Turkish Cihan News Agency showed Turkish tanks being transported by carrier trucks toward the frontier.

    Following the shoot-down of a Turkish warplane over Syrian territory, Turkish Prime Minister Recep Tayyip Erdogan said his military will respond to any future incident. “As awe-inspiring as Turkey’s friendship is, Turkey’s wrath is equally awe-inspiring,” Erdogan said in a speech delivered before parliament.

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June 27, 2012 Posted by | GeoPolitics | , , , , , , | Comments Off on Turkey Mobilizes for War with Syria!

Jesse Ventura to Military Personnel: “Remember Your Oath!”

June 27, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off on Jesse Ventura to Military Personnel: “Remember Your Oath!”

TSA Whistleblowers Tell All !

June 27, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off on TSA Whistleblowers Tell All !

U.S. Banks Aren’t Nearly Ready for Coming European Crisis!

Global economic, financial and currency Armageddon coming!

  • The Illuminist engineered global economic, financial and monetary meltdown about to hit! Aug-Oct 2012?? Take cover! Got physical gold yet?

    U.S. Banks Aren’t Nearly Ready for Coming European Crisis! 
    By Simon Johnson, http://www.bloomberg.com/ 
    The euro area faces a major economic crisis, most likely a series of rolling, country-specific problems involving some combination of failing banks and sovereigns that can’t pay their debts in full. This will culminate in systemwide stress, emergency liquidity loans from the European Central Bank and politicians from all the countries involved increasingly at one another’s throats.

    Even the optimists now say openly that Europe will only solve its problems when the alternatives look sufficiently bleak and time has run out. Less optimistic people increasingly think that the euro area will break up because all the proposed solutions are pie-in-the-sky. If the latter view is right — or even if concern about dissolution grows in coming months –markets, investors, regulators and governments need to worry not just about interest-rate risk and credit risk, but also dissolution risk.

    What’s more, they also need to worry a great deal about what the repricing of risk will do to the world’s thinly capitalized and highly leveraged megabanks. Officials, unfortunately, appear not to have thought about this at all; the Group of 20 meeting and communique last week exuded complacency and neglect.

    Very few people seem to have gotten their heads around dissolution risk. Here’s what it means: If you have a contract that requires you to be paid in euros and the euro no longer exists, what you will receive is unclear.

    No Euro
    As a warm-up, consider first a simple contract. Let’s say you have lent 1 million euros to a German bank, payable three months from now. If the euro suddenly ceases to exist and all countries revert to their original currencies, then you would probably receive payment in deutsche marks. You might be fine with this — and congratulate yourself on not lending to an Italian bank, which is now paying off in lira.

    But what would the exchange rate be between new deutsche marks and euros? How would this affect the purchasing power of the loan repayment? More worrisome, what if Germany has gone back on the deutsche mark but the euro still exists — issued by more inflation-inclined countries? Presumably you would be offered payment in the rapidly depreciating euro. If you contested such a repayment, the litigation could drag on for years.

    What if you lent to that German bank not in Frankfurt but in London? Would it matter if you lent to a branch (part of the parent) or a subsidiary (more clearly a British legal entity)? How would the British courts assess your claim to be repaid in relatively appreciated deutsche marks, rather than ever-less-appealing euros? With the euro depreciating further, should you wait to see what the courts decide? Or should you settle quickly in hope of recovering half of what you originally expected?

    read more!

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June 27, 2012 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

CNBC Admits We Are Slaves Under Banking Cartel ! Global Government Run by Banksters!

CNBC Stock Watch Illuminati ‘All Seeing Eye’ logo. Satanic capstone! Who is this capstone who will complete the Satanic pyramid, the Illuminati project, the New World Order? Who will be filled by the Satanic ‘Eye of Horus’ spirit? The coming Anti-Christ !

The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

From: Vintage ‘Trees’ music video. Illuminati symbolism! All humanity forming a pyramid worshipping, bowing their knees, welcoming the Satanic capstone! The Anti-Christ !

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June 27, 2012 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , | Comments Off on CNBC Admits We Are Slaves Under Banking Cartel ! Global Government Run by Banksters!

Watching the Clock: Will a Total Economic Collapse Occur in September-October?

  • I want to add one more indicator that the world is about to goto hell: imminent Greater Middle East war triggered by an attack on Iran by Zionist ‘666’ Israel in September-October 2012! All the western forces are in place for a catastrophic Satanic World War 3! These are very clear indications that the Illuminists are preparing to pull the plug on the current world order/system. America will bear the brunt of the assault by the Luciferians. Will there be a nuclear false flag attack blamed on the Muslims?? ie. Operation BlackJack!

    Watching the Clock: Will a Total Economic Collapse Occur in September-October? 
    by SGT, http://sgtreport.com/ 
    … Most of us informed and awake folks aren’t interested in trying to predict specific dates. That’s an art best left to Nostradamus. That said, highly respected truth tellers James Turk and John Williams have both tied dates to predictions. In an interview with James Turk he told me that he thinks we will see $400 silver and $8,000 gold some time between 2013-2015. And John Williams firmly believes the die has been cast for hyperinflation in the United States, likely beginning in 2014. Over the past 48 hours we’ve stumbled across three separate pieces of information, all predicting essentially the exact same thing regarding a fall 2012 economic collapse. ….
    ….
    The first warning is from a St. Louis based police officer who called into the Alex Jones radio show on Sunday, June 24th. The second warning comes our way via the Silver Doctors. And the third came today from unflappable Director of UBS Floor Operations Art Cashin. All three warnings are presented here for your benefit and consideration: 

    The first warning came our way via the Sunday broadcast of the Alex Jones radio show. Jones announced that he only wanted to take calls from members of the military or police. A man identifying himself as a police officer named ‘Jim’ called in to report some startling information.

    We have been told that in October we need to be prepared for an event that will require us to use air and ground support, in conjunction with the military here.

    During the call Jim comes across as passionate, sincere and very shaken by the information he tries to share. After the commercial break, Jim gets choked up as he tries to convey his appreciation for what Alex Jones has tried to do in terms of waking people up in the effort to save the Republic from the clutches of the forces seeking to destroy it. Now, nearly in tears, Jim concludes by saying “This country’s dead Alex. It’s gone” before unexpectedly hanging up.
    ….
    Warning 2 from Silver Doctors, on Monday:

    LEAP/2020 has issued a RED ALERT for the Western banking system, stating that Europe’s hour of payment has arrived, and compares the next two months to the Israelites circling Jericho for 7 days prior to blasting the trumpets. LEAP/2020′s red alert states the Western banking system’s trumpet blast will occur in September or October.

    The seven blasts of the trumpets of Jericho marking the September October 2012 period will cause the “Dollar Wall’s” last sections and the walls which have protected the world as we know it since 1945 to collapse. The shock of the autumn 2008 will seem like a small summer storm compared to what will affect planet in several months.

    The third warning comes by way of Art Cashin and Zero Hedge on Tuesday morning:

    While Europe is dominating headlines this week, UBS’ Art Cashin suggests “mark your calendar and cross your fingers” as he notes the disproportionate prevalence of events that occur in September. Focusing on The Economist’s Greg Ip’s recent post on a possible seasonal pattern in banking crises, via this recent Reinhart & Rogoff extension paper by Laeven and Valencia, he notes: “The frequency with which the world goes to hell in September seems hardly random.” Unfortunately the authors provide no explanation for this beyond observing, “An interesting pattern emerges: banking crises tend to start in the second half of the year, with large September and December effects.”

    read more!

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June 27, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Watching the Clock: Will a Total Economic Collapse Occur in September-October?

October Surprise – Israel To Launch Attack on Iran? Muslim Brotherhood, Syria & Turkey News Heats Up!

June 27, 2012 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off on October Surprise – Israel To Launch Attack on Iran? Muslim Brotherhood, Syria & Turkey News Heats Up!

Keiser Report: Gold vs Paper!

June 27, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Keiser Report: Gold vs Paper!