Socio-Economics History Blog

Socio-Economics & History Commentary

Unstoppable Economic Collapse is Imminent !

Global implosion is coming!

August 20, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Unstoppable Economic Collapse is Imminent !

Prepare For War, Skyrocketing Crude & A Global Depression!

  • Prepare For War, Skyrocketing Crude & A Global Depression! 
    by www.kingworldnews.com
    Today Michael Pento warned King World News readers to prepare for war in the Middle-East and a massive surge in the price of crude oil.  Pento also warned that the staggering surge in crude would usher in a global depression.  Today Michael Pento writes exclusively for King World News to put readers ahead of the curve regarding these important geopolitical events and central bank actions. 

    Here is Pento’s piece:  “Global central banks are getting ready to pump more liquidity into the system to mollify the negative economic effects resulting from the growing likelihood of a war between Israel and Iran.  Bloomberg reported that Israeli Prime Minister Benjamin Netanyahu told U.S. Defense Secretary Leon Panetta on August 1st that “time is running out” for a peaceful solution to Iran’s atomic program.”

    “The Tel Aviv-based newspaper Haaretz also reported on August the 10th that Netanyahu and Israeli Defense Minister Ehud Barak are considering bombing Iran’s nuclear facilities before the presidential elections in the US. In addition, Shlomo Brom, a former Israeli army commander, said the nation is now actively planning civil-defense measures.

    These measures would include implementing a text messaging system to alert the public to missile attacks, mass distribution of gas masks for their population, and bomb-shelter drills for students returning to the class room.  This was reported by the newspaper Yedloth Ahronoth reported on August 15th. A war in the Middle East would send oil prices soaring towards $200 per barrel, which would immediately usher in a worldwide depression…..

    read more!

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August 20, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Comments Off on Prepare For War, Skyrocketing Crude & A Global Depression!

James Turk: Fear Index Means Gold Bull Rally Has Much Further To Run!

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August 20, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on James Turk: Fear Index Means Gold Bull Rally Has Much Further To Run!

Bank of England Deputy Governor Paul Tucker Warned Banks They Could Collapse ‘Before Christmas’!

  • Emphasis mine:

    Bank of England deputy governor Paul Tucker warned banks they could collapse ‘before Christmas’! 
    by , http://www.telegraph.co.uk/ 
    Bank of England officials were so concerned about the potential for a financial crisis late last year they took the extra­ordinary step of warning the entire banking system could collapse “before Christmas”.

    Paul Tucker, the deputy governor of the Bank   of England, told an October meeting of the chief executives of Britain’s largest banks that there was a serious chance none of their businesses would survive to the end of the year. “Gentlemen, you could all be out of business by Christmas,” Mr Tucker said in a stark warning to the bank chiefs, according to three sources present at   the meeting.

    The revelation of Mr Tucker’s remarkable warning shows the depth of fear among   senior officials over the havoc the collapse of the eurozone would wreak on the British financial system. Mr Tucker is one of the front-runners to replace Sir Mervyn King as Governor of the Bank of England.

    Minutes published by the Bank’s Financial Policy Committee in September and   December made clear the depth of its concerns, but the explicit warning given to the chief executives shows that officials feared a crisis even greater than that in the wake of the collapse of Lehman Brothers in September 2008. The meeting led directly to the creation of working groups at banks to gauge the potential for a full-scale collapse of the financial system.

    read more!

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August 20, 2012 Posted by | Economics | , , , , , | Comments Off on Bank of England Deputy Governor Paul Tucker Warned Banks They Could Collapse ‘Before Christmas’!

Deadly US Drone Strikes: Who is the Target?

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August 20, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Deadly US Drone Strikes: Who is the Target?

Soros Unloads Stocks, Invest $130 Million in Gold !

August 20, 2012 Posted by | Economics | , | Comments Off on Soros Unloads Stocks, Invest $130 Million in Gold !

NO No-Fly Zone: ‘Military Intervention in Syria will Lead To Catastrophe’!

August 20, 2012 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on NO No-Fly Zone: ‘Military Intervention in Syria will Lead To Catastrophe’!

Humiliation: Israel’s Harsh Restrictions on Palestinian Prayer!

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

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August 20, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Comments Off on Humiliation: Israel’s Harsh Restrictions on Palestinian Prayer!

“Why in the World are They Spraying?” Full Length Documentary HD

  • “Why in the World are They Spraying?” Full Length Documentary HD 
    by www.Infowars.com August 19, 2012
    WHY in the World are They Spraying? is an investigative documentary into one of the many hidden agendas associated with chemtrail/geo-engineering programs.  Various groups are quietly pursuing these programs, but why and for whose gain?

    This film is the follow-up to the groundbreaking documentary “What in the World are They Spraying?” which woke up millions to the damaging effects of chemtrails and other geo-engineering programs.  As a result, movements around the world are being formed to address these crimes and many concerned citizens are taking action.  As people become aware of “what” is happening, they are now asking the even more important question of “why” it’s happening.  Michael J. Murphy, originator and Co-Producer of “What in the World are They Spraying?,” in association with Barry Kolsky, have produced “WHY in the World are They Spraying?” to answer that question. Get ready to uncover:

    – The environmental and human health implications of geo-engineering programs.
    – How geo-engineering can be used to control our weather.
    – What industries benefit from geo-engineering programs.
    – How the spraying affects you, your family and the future of humanity.

    In this documentary you will learn how the aerosols being sprayed into our sky are used in conjunction with other technologies to control our weather.  Geo-engineers maintain that their models are only for the mitigation of the now widely debunked theory of global warming.  What is clear is that the chemtrail/geo-engineering can be used as a way to consolidate an enormous amount of both monetary and political power into the hands of the technocratic elites.  Certain international corporations can now leverage weather control to gain power over the Earth’s natural systems.  This of course, is being done at the expense of every living thing on the planet.  WHY in the World are They Spraying? is a must see film and will revolutionize the environmental movement.

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August 20, 2012 Posted by | Science & Technology, Social Trends | , , , , , , , | Comments Off on “Why in the World are They Spraying?” Full Length Documentary HD

Americans Tired of Netanyahu’s Clownish Anti-Iran Threats!

  • Emphasis mine:

    Americans tired of Netanyahu’s clownish anti-Iran threats! 
    by Gordon Duff,  http://www.presstv.ir/ 
    We have one thing in our news every day now, secret plans Israel leaks about their upcoming “shock and awe” attack on Iran.  We don’t get it once a week, it’s a new story every 2 hours on every network, every paper. Then come the admissions, that Israel can’t attack anyone without America doing the fighting.  We knew that all along. What Israel also knows is that no American will fight an Israeli battle again, not after Afghanistan and Iraq.

    Israel’s candidate for President, Romney, isn’t doing well in the polls. The real polls have him up to 20% behind and Netanyahu is in a total panic. Obama, as we remember from the comments he made “off microphone” to Sarkozy hates Netanyahu.

    Then we learned in a recent poll that only 4% of American Jews feel Iran is a threat of any kind.  What that fails to mention is that the other 96% must believe something else, like Netanyahu is lying and that any additional illegal war in the Middle East will not receive support, not from them, not from other Americans.

    Going even further, there are many Americans that see the idea of the US being ordered around by Wall Street and organized crime, time we admit that is who is calling for war, as treason.

    To begin with, almost like we were dealing with a legal case, I will lay out a few facts. The challenge stands, if you can prove me wrong, please do so.  Of course, I wish anyone good luck with that one.

    1. Israel’s Air Force is defense oriented no heavy bombers, minimal refueling capability and all 2nd and 3rd generation with upgrades. What they are not capable of doing is operating in an air defense environment that is “robust.”  This is why they want US help, they can do nothing on their own but bomb defenseless Gaza, something the Egyptians will eventually demand an end to.

    2. The 2003 bombing of Syria by Israel never happened.  Neither did the 2007.  We have conclusive proof of this.  Syria has a Russian manned S300P2 air defense system, at least 10 years beyond the most advanced Patriot III variant.  They can shoot down any ICBM, Cruise type missile and any stealth aircraft, things Israel won’t have for years.  Why the lying?  Good question.

    3. Israel is telling their people that war with Iran would account for 500 dead. That is based on a war with no fighting and assuming Iran only has old Scud missiles like those Saddam used decades ago. Iran’s missiles are not only extremely advanced but deadly accurate and capable of overwhelming the “Iron Dome” system.

    4. The supposed “war” is based on unverified suspicions Israel has regarding Iran’s nuclear program, suspicions the CIA disagrees with.  They have no evidence and much very real evidence exists to the contrary.  However, attacks on any nuclear facility, and all will come under attack, both Israel and Iran, will have serious health consequences for everyone in the region, by region I mean 1000 miles.  Israel would suffer major damage to their Dimona weapons center and defense industries, Iran would suffer also but Jordan would become uninhabitable from Dimona radiation as would Saudi Arabia and the Persian Gulf States. Limited air and missile war against nuclear facilities is the equivalent of WMD attacks and is insane.

    Despite the Putin visit to Israel, the UN Security Council is not going to authorize an attack on Iran.  Syria will demand Russia veto and a Chinese veto is a given.
    Under those circumstances, any American president that acts without approval of the UN Security Council, as Bush did, will face impeachment.

    Bush and Cheney destroyed all credibility the White House has to act unilaterally or to get blind support from congress, despite the very proven fact that AIPAC and the ADL are either paying off or blackmailing many members of the government.

    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.

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August 20, 2012 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Americans Tired of Netanyahu’s Clownish Anti-Iran Threats!

Finland Prepares for Break-Up of Eurozone!

  • Finland prepares for break-up of eurozone! 
    by , http://www.telegraph.co.uk/ 
    Finland is preparing for the break-up of the eurozone, the country’s foreign minister warned today.

    The Nordic state is battening down the hatches for a full-blown currency crisis as tensions in the eurozone mount and has said it will not tolerate further bail-out creep or fiscal union by stealth.

    “We have to face openly the possibility of a euro-break up,” said Erkki Tuomioja, the country’s veteran foreign minister and a member of the Social Democratic Party, one of six that make up the country’s coalition government.

    “It is not something that anybody — even the True Finns [eurosceptic party] — are advocating in Finland, let alone the government. But we have to be prepared,” he told The Daily Telegraph. “Our officials, like everybody else and like every general staff, have some sort of operational plan for any eventuality.”

    read more!

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August 20, 2012 Posted by | Economics | , , , , , | Comments Off on Finland Prepares for Break-Up of Eurozone!

Israeli Commentator: General Dempsey Is a ‘Responsible Adult’!

There are no evidence that Iran has nuclear bombs nor a nuclear weapons program. The Zionists are trying to drag America into another unnecessary war!

  • Israeli Commentator: General Dempsey Is a ‘Responsible Adult’! 
    by http://larouchepac.com/ 
    Chairman of the Joint Chiefs of Staff General Martin Dempsey’s campaign to prevent World War III, especially the pressure he is putting on Israel, is being seen as the work of “a responsible adult,” in the words of an Israeli commentator. This is especially so after Dempsey’s recent statement to the effect that an Israeli strike on Iran would not stop Iran’s program, which has caused turmoil among certain circles in Israel.

    Dempsey said on Tuesday, “Militarily, my assessment hasn’t changed. And I want to make clear, I’m not privy to their planning. So what I’m telling you is based on what I know of their capabilities. And I may not know about all of their capabilities. But I think that it’s a fair characterization to say that they could delay but not destroy Iran’s nuclear capabilities.”

    These remarks drew an insightful commentary by Attila Somfalvi, who wrote in today’s YNETNEWS, that Dempsey “assumed the role of responsible adult and slapped Prime Minister Benjamin Netanyahu and Defense Minister Ehud Barak, the duo orchestrating the national hysteria surrounding the possibility of an attack on Iran.” Somfalvi wrote that the message was clear: “Shut up and stop babbling about Iran. Without us there is not much you can do, and don’t assume for a second that we are dancing to your tune. You shouldn’t do anything stupid, and stop driving the entire world crazy.” Samfalvi writes that the real message goes on, saying, “Israel should not disregard the opinions of its top security officials….”

    He went on to write that while Dempsey’s attack hits “Israel’s most sensitive nerve,” the U.S. had no choice, because of “Netanyahu’s inclination to play with fire…”

    Nonetheless, Somfalvi makes the fatal mistake of thinking that Obama is listening to Dempsey and not Netanyahu and his British masters.

    Dempsey also tipped the hand of Israeli Ambassador and Netanyahu crony Michal Oren, who told Bloomberg.com that even if not successful Israel should attack anyway. “Israel would be willing to strike Iran’s nuclear facilities, even if doing so only delayed its ability to produce nuclear weapons for a few years. One, two, three, four years are a long time in the Middle East. In our neighborhood, those are the rules of the game. Diplomacy hasn’t succeeded. We’ve come to a very critical juncture where important decisions do have to be made.”

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August 20, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Israeli Commentator: General Dempsey Is a ‘Responsible Adult’!

When Will The Euro Collapse? It’s Already Dead !

  • When will the euro collapse? It’s already dead ! 
    by Matthew Lynn, http://www.marketwatch.com/ 
    LONDON (MarketWatch) — Anyone who spends their time analyzing the euro debt crisis will know that there is one question you get asked again and again. When will the single currency finally collapse? You can have fun giving a spuriously precise answer — July 28th, 2014, is my favorite (look it up on Wikipedia if you are wondering why).  

    But the truth is no one really knows. The euro could stagger on from crisis summit to emergency bailout for another decade. Then again, it could be gone by the end of the month — if Greece is refused its third bailout, the country may be kicked out, and the entire currency could unravel over the course of a few chaotic days.  

    In reality, whether it is a few months or a decade away does not make as much difference as you might suppose. Why not? Because in most of the ways that actually matter, the euro is already dead. 

    It no longer meets most of the criteria of a working form of money. There is an important point in that for investors. It is right now — while the currency no longer lives but still staggers on like a zombie — that the euro is wreaking most havoc on the countries of Europe. Once it is finally taken apart, markets in those nations can start to recover — potentially very rapidly. 

    Of course the euro still looks like a currency. There are notes and coins, and you can still go into a shop in Hamburg, or a café in Naples, and get stuff in return, even if there might be a certain amount of grumbling. There is a central bank, although it doesn’t appear to have much idea what its job is. And there are payment systems and foreign exchange markets that work as if the euro were a viable part of the global capital markets.  

    And yet if you think about it a little harder, the euro is not a currency in every sense of the word. A currency is only partly about notes and coins. It is also about being a universally accepted medium of exchange, a store of value over time, and a way of facilitating trade over long distances. That was why money evolved. And the euro doesn’t really meet those criteria any more.                               

    Take interest rates, for example. In Germany, the yields on 10-year government bonds are less than 2%. In Spain they are close to 7%, and in Italy just under  6%. And in Greece? Don’t ask. Government bond yields matter — not just in themselves but because they set the benchmark for borrowing costs right across the economy.

    read more!

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August 20, 2012 Posted by | Economics | , , , , , , | Comments Off on When Will The Euro Collapse? It’s Already Dead !

Russia Prepared for Possible Economic Meltdown – Putin!

  • Russia Prepared for Possible Economic Meltdown – Putin
    by http://en.ria.ru/ 
    The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, President Vladimir Putin said on Thursday. At a meeting with regional ombudsmen, Putin said the situation was complex both in the European and global economies.

    “In the United States, the engine of the world economy, the situation looks better but macroeconomic indices that are vital for the economy’s sustainability are no better than in Europe. Their debt state [in the United States] is 104 percent [of U.S. GDP],” he said. Aside from this, the U.S. financial system is burdened with mortgage loans issued against state guarantees, he said.

    “All these factors cause certain alarm. Now news is coming that China’s economic development rates have slightly slowed and declined and China is one of the world’s largest consumers. These are, no doubt, alarming signals. Let us hope that these concerns do not transform into a full-blown crisis,” Putin said. “Let us hope for the better but prepare for the worse,” Putin added.

    In 2011, the Russian government started to prepare anti-crisis measures to respond to unfavorable economic developments, he said. “We also agreed to set aside quite a substantial sum for the start of next year in the 2013 budget as the government’s operational reserve, so that we can respond effectively and energetically to crisis factors, if they emerge,” Putin said, adding the Russian economy was currently demonstrating healthy parameters.

    The Finance Ministry has said Russia is drafting several crisis budget scenarios to cater for low oil prices. “We are currently checking the resilience of the federal budget, and holding stress tests to study its exposure to sharp changes in external economic conditions. We are calculating revenues to estimate their levels at an oil price of $80 per barrel or even $60 per barrel,” Deputy Finance Minister Alexei Lavrov said earlier this year.

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August 20, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Russia Prepared for Possible Economic Meltdown – Putin!

Jim Rogers: It’s Going To Get Really “Bad After The Next Election”!

  • Jim Rogers: It’s Going To Get Really “Bad After The Next Election”! 
    By Terry Weiss, Money Morning
    In  a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to  prepare for “Financial Armageddon,” saying he fully expects the  economy to implode after the U.S. election.

    Rogers,  who for years has been an outspoken critic of the Feds policies of “Quantitative  Easing,” says the world is “drowning in too much debt.” He put the  blame squarely on U.S. and European governments for abusing their “license  to print money.” In the U.S. alone, the national debt has surged to nearly $16  trillion, that’s more than $50,000 for every American man, woman and child.

    “[They]  need to stop spending money they don’t have,” Rogers said. “The  solution to too much debt is not more debt… What would make me very excited is  if a few people [in the government] went bankrupt…” Rogers added.

    Rogers  also charged Obama and German Chancellor Angela Merkel with promoting dangerous  policies that create the illusion the economy is stable… but are really only  intended to buy time before their upcoming elections.

    “Mrs.  Merkle has an election next year,” Rogers said. “Mr. Obama has an election in  November. The Americans and the Germans – they want to do everything they can  to hold the world up until after the next election.”

    “It’s  going to be bad after the next election.” In  a newly released documentary that went viral last month, a team of influential  economic experts say they have discovered a “frightening pattern” they believe points to a  massive economic catastrophe unlike anything ever seen in the history of the  world.

    read more!

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August 20, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , | Comments Off on Jim Rogers: It’s Going To Get Really “Bad After The Next Election”!