Socio-Economics History Blog

Socio-Economics & History Commentary

Paolo Raffone: ECB Delaying Trouble in Eurozone Until US Election!

September 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off on Paolo Raffone: ECB Delaying Trouble in Eurozone Until US Election!

Israel Refusal to Join NPT, Inexcusable!

September 28, 2012 Posted by | GeoPolitics | , , , , | 1 Comment

Keiser Report: Boom & Bust Vicious Cycle!

  • In this episode, Max Keiser and Stacy Herbert discuss punk rock ‘Tall Paul’ giving the two finger salute to Ben Bernanke’s QE3 and gold adjusting for zero growth, yield, velocity and confidence. In the second half of the show, Max Keiser talks to Detlev Schlichter of about quantitative easing to infinity, Central Banking ‘devils’ and the future for the gold standard.


September 28, 2012 Posted by | Economics | , , , , , , , , , , , , , | 2 Comments

JPMorgan US$100B Loss Could Be Next ‘Shock’ Event !

  • JPMorgan Loss Could Be Next ‘Shock’ Event! 
    The JP Morgan (JPM) trading blunder could result in a $100 billion loss, a contagion of its massive portfolio, and even the wipeout of its entire asset base. Even worse, these extremely risky and potentially-illegal actions on behalf of the CIO office and the “London Whale” could be the unexpected “shock” that breaks the market, derails the Fed’s huge monetary stimulus, and sends us back into a global recession.

    The JP Morgan Shock
    The entire world has forgotten about or ignored what could be the upcoming “shock” that puts the global financial system in severe jeopardy. To make matters much, much worse – I don’t think anyone even has a clue as to what is really happening. Investors, economists, financial powerhouses, top business executives, politicians, lawmakers, consumers, students, governments, and even central banks are completely confused. None of them are expecting what I will describe below.

    There is one event that may ultimately solve the mystery of the global economy. This event would not only plunge the economy back into a deep recession and lose investors hundreds of billions of dollars, but it could bring about the collapse of some of the world’s largest financial institutions and even render central bank stimulus and QE completely ineffective and futile. This event is by no means a guarantee; its probability is even likely under 5 percent. But this event has all the necessary ingredients to culminate into a major panic. Together with slowing global economies and an extremely unstable financial system, this could be the next Lehman Brothers.

    This event is JP Morgan’s huge trading mistake. The massive losses that were racked up starting in April and May 2012 are by no means over. What has been represented by JP Morgan as a trading mistake and “hedging” strategy with an initial estimated loss of $2 billion, was really a leveraged and speculative bet that could soon infect JP Morgan’s entire portfolio and result in losses of $100 billion.

    The Global Economy and Huge Underlying Risks
    Most investors already know about the very weak economic growth, European financial crisis, Chinese slowdown, Middle East tensions, and dangerous Fed actions. All are huge threats and may drag the global economy into a double-dip recession. But most investors don’t know if the fears are overblown; they don’t know if central banks will be successful in boosting the economy; and they don’t know the real risks out there. Most investors are either overly-optimistic, over-confident that they will be able to pull their money out quickly, following the crowd, or simply taking way too much risk unnecessarily. After a 115% + rally, and only 7% away from the all-time stock market highs, it’s just not worth staying invested right now.

    read more!


September 28, 2012 Posted by | Economics | , , , , , , , , | 1 Comment

Marc Faber Warns: “Everything Will Collapse”! US Monetary Policies Will Destroy the World !

Global implosion is coming!

  • Faber Warns “Everything Will Collapse”! 
    by  Money Morning Staff  Reports, 
    Famed economist Marc Faber  appeared on Bloomberg TV with a harsh, direct warning to investors.  “U.S. monetary policies will destroy the  world,” he said, referring to the new round of stimulus – QE3, or “QE Forever”  – the Fed plans to launch this year.

    As the publisher of the  influential Gloom Boom & Doom report, Faber is well-known for making ominous  predictions. Many regard him as the first to warn investors to get out of the  stock market one week before the October 1987 crash.
    And since the 2008 meltdown,  he’s been a fierce critic of the Fed’s policy of money printing, arguing it  only creates a phony recovery.

    So it wasn’t surprising to  hear him speak out against Bernanke’s most recent stimulus plan, quantitative  easing or QE3. What was surprising – and  frightening – was the level of wealth-destruction he believes will occur. According to Faber,  “eventually we will have a systematic crisis and everything will collapse.”

    Faber couldn’t pin down the  timing of his alarming prediction, but said the bigger concern wasn’t when the economic storm will begin, but how high the market will go until then.

    “The question is really between  here and then,” he said. “Will everything collapse with Dow Jones 20,000 or  50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr.  Romney wins the election the next Fed chairman will also be a money printer.  And so it will go on.”

    Faber’s not alone.
    A group of his economic peers  agree that with more central bank action like QE3, global economic collapse is  imminent.  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.

    And according to these  experts – who have presented their findings to the United Nations, the UK  Parliament and a long list of world governments – the catastrophe may happen well before Americans hit the polls in November.

    read more!


September 28, 2012 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

The Doc & Turd Ferguson: QE to Infinity Will Fail & Bernanke Will Move on to GOLD REVALUATION !


September 28, 2012 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on The Doc & Turd Ferguson: QE to Infinity Will Fail & Bernanke Will Move on to GOLD REVALUATION !

Iran, Israel And U.S. Inching Towards War in the Middle East !

  • Greg Hunter is a good guy. I am very wary of all the propaganda which the western MSM dish out against Ahmadinejad. They have consistently mis-translated what he says intentionally to paint him as a Jew hater. This is not true from all my studies of him. The Illuminist method is: if they can’t convince you, they confuse you! So expect propaganda, outright lies, mis-information, dis-information … from the western Illuminist MSM … which will confuse many good people.

    Iran, Israel and U.S. Inching Towards War in the Middle East! 
    by Greg Hunter’s
    There were lots of fireworks at the United Nations this week.  Yesterday, the Prime Minister of Israel, Benjamin Netanyahu, was drawing a red line of his own on a crude picture of a bomb.  Don’t laugh, because he was really talking to the U.S. audience in illustrating his point that Iran is getting close to building a nuclear bomb.  It was simple but effective.  Earlier in the week, Iran’s President Mahmoud Ahmadinejad rejected charges that his country was becoming a nuclear threat to the world.  He cleared up the controversy about the quote “wiping Israel off the face of the earth” and said he was talking about “occupied territories.”  Ahmadinejad says he has long been misquoted.

    Ahmadinejad keeps saying he wants peace but contradicted himself earlier in the week when he said Israel will be “eliminated” because it does not belong in the Middle East.  President Obama also addressed the UN and told Iran that the time to resolve the nuclear standoff peacefully was “not unlimited.”  Obama also said, “. . . United States will do what we must to prevent Iran from obtaining a nuclear weapon.”   By the way, Iran test fired anti-ship missiles this week.  The world is inching towards war, not away from it.  We’ve all heard about the “unlimited” QE (money printing) by the Federal Reserve it says is to revive the economy.

    read more!

Be careful of all the lies and propaganda of the Zionist Illuminist western MSM !


September 28, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Clinton Bastin (Nuclear Weapons Expert) To Netanyahu & Obama: NO Weapon Threat from Iran’s Nuclear Programs! End Threats of Military Actions Against Iran!

Clinton Bastin

  • Letter by Clinton Bastin to Netanyahu. His credentials:
    Clinton Bastin directed US Atomic Energy Commission programs for production of nuclear materials and nuclear components for weapons from 1955 through 1971 and was a consultant to US national security agencies on nuclear weapon threats in other nations from 1972 through 1996.

    At retirement in March 1997 he received the DOE’s Distinguished Career Service Award recognizing him as “the U.S. authority on reprocessing; an advocate and initiator of total quality management and partnering agreements; and, as President of the Employees’ Union, selflessly ensuring the recognition and rights of DOE’s greatest resources, its people.”

    He also received a note from Energy Secretary Hazel O’Leary stating “Thanks for the wonderful and productive partnership,” and messages from leaders of the Russian Ministry for Atomic Energy and Russian Nuclear Workers Union informing him that they had adopted his ideas for their plan to improve safety for nuclear activities through partnerships. He was invited to address delegates to the first national convention of the 900,000-member Nuclear Workers Union, and delegates voted to adopt the plan.
  • Dear Prime Minister Netanyahu:

    Iran may be in your red zone, but can not score.
    Sure, Iran could divert a few tons of 3.5% or a ton of 20% enriched uranium hexaflouride gas for enrichment to 90+%. But what then?

    No one has ever made a nuclear weapon from gas. It must be converted to metal and fabricated into components which are then assembled with high explosives.

    Iran lacks experience with and facilities for these processes which are very dangerous because of potential for a criticality accident or nuclear explosion. Iran would not jeopardize its important, fully safeguarded nuclear programs by an attempt to have a deliverable, one kiloton yield nuclear weapon ten to fifteen years later.

    IMPORTANT NOTE: North Korea was able to make and test a nuclear explosive soon after withdrawing from safeguards because plutonium for reactor recycle was in a form usable for a weapon.

    [Jim Dean note: Our sources at Veterans Today agree that ready made material had to be available, but was acquired from and outside sources which was confirmed by U.S. Vela satellites.]

    Israeli Consul-General for the South East United States Reda Mansour and I discussed these and related issues about nuclear technology in a March 2009 meeting.

    Earlier, I had provided information to him from experiences with nuclear weapons and knowledge of nuclear programs in other nations that there was no potential weapon threat from Iran’s nuclear programs

    Soon after my meeting with Consul General Mansour, I sent information about lack of an Iranian nuclear weapon threat by e-mail to you and President Obama and discussed the issue with then IAEA Director General Mohamed ElBaradei.

    Dr. ElBaradei was aware that IAEA inspectors do not understand technology for designing and producing weapons but instead rely on long ‘trigger’ lists of items that could – but mostly do not – indicate work on weapons. He agreed with me that there was no weapon threat from Iran’s fully safeguarded nuclear programs.

    President Obama asked U.S. FBI special agents to meet with me to verify my information. Responses from your office indicated awareness that my information was accurate. The New York Times published three of my letters explaining no Iranian nuclear weapon threat and including my experiences with weapons and weapon threat assessment.

    A major problem is that very few understand the complex chemical engineering technology used to produce nuclear materials and components for weapons.

    Israel’s weapons are plutonium-based, implosion-type. Israeli officials do not understand the technology for a uranium-based, gun-type nuclear weapon that Iran could hypothetically build.

    During discussions with officials and staff of US national security agencies and others in Washington, DC, and the International Atomic Energy Agency (IAEA) in Vienna, Austria from 1972 to 1997, I never met anyone who understood the technology used for producing nuclear materials and nuclear components for weapons.

    All chemical companies who managed and all government chemical engineers (such as myself) who directed programs for production of nuclear materials and components have left the US government, which has lost the ability to produce most nuclear materials and components for weapons and assess ability of other nations to do so.

    Current IAEA Director General Yukiya Amano does not appreciate the limitations of inspectors and accepts their findings of suspicious activities that are not. For example, testing of high explosives at the Parchin military site could indicate testing for more sophisticated plutonium-based, implosion-type weapons, but not the simple hypothetical weapon of Iran
    Appropriate denial of access to inspectors leads to further criticism and false claims.

    Please share this information with all Israelis and end threats of military actions against important, fully safeguarded nuclear facilities.

    I would be pleased to provide clarification or additional information about these issues.

    Best wishes for peace! Clinton Bastin

    Copies to US President Barack Obama and IAEA Director General Yukiya Amato


September 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | 1 Comment

Genocidal Pathological Liar Netanyahu Caught Ignoring Top IAEA ‘No Iran Bomb’ Report !

Not only is he NUTS, he is genocidally stupid and a pathological liar ! Graphic source:

  • Netanyahu Caught Ignoring Top IAEA ‘No Iran Bomb’ Report! 
    by  Jim W. Dean, VT Editor, with Press TV 
    … and featuring Clinton Bastin, Chemical Engineer, Atomic Energy Commission, ret.
    World Renown Nuke Expert Nails Bibi to the Wall on Iran Bomb Threat
    ”Sure, Iran could divert a few tons of 3.5% or a ton of 20% enriched uranium hexaflouride gas for enrichment to 90+%. But what then? No one has ever made a nuclear weapon from gas.”

    This week a letter was sent to President Obama and Prime Minister Netanyahu by Clinton Bastin, lead consultant to the IAEA and their top expert in the area of nuclear weapons design and processes.

    To us the complete letter below outlines that the IAEA has been hijacked by elements unfamiliar with nuclear weapons that seem to be “tasked” with gross misrepresentations of science and physics in order to support the concept that Iran has a nuclear weapons program.

    Bastin assumes these horrific errors are due to incompetence. He spent 40 years as a nuclear weapons designer for the United States involved hands on daily work in advanced physics and the most complicated and dangerous manufacturing and assembly process known to man. But many of us, on the other hand, have spent our lives hunting down conspirators and are busy still doing it.

    Clinton has spent his life supporting safe nuclear energy, supporting international efforts to prevent nuclear proliferation and serving his country, initially in combat in World War II and in a lifetime of achievement at the Department of Energy and working with a wide variety of organizations including the IAEA and president of the 900,000 member Nuclear Workers Union.

    Bastin is also a retired Marine officer. Fortunately for us all, he has been Veterans Today’s top nuke consultant since I found him living right here in Atlanta with me.

    My chemical engineering undergrad work was a bit dated, but he invested the time to take me through the evaluation steps, several times, until the light went on. Enriching uranium to bomb grade levels is a very complex process, but converting the material into a functioning weapons platform has another whole set of opportunities for blowing the place up.

    After the Chernobyl disaster, nuclear workers worldwide banded to together create safety standards to avoid another such tragedy.

    While we have some detractors who feel we are too close to Iran on this nuclear threat stuff, the following letter of Clinton to Netanyahu, Obama, and general Amato will prove to all that our position was based on hard Intel.  We have known all along that Bibi was bluffing on the Iran bomb threat.

    And while American mass media has never picked on the articles we have done on Clinton’s material, top Israeli military and Intelligence people have. These include such stalwarts as Meir Dagan, former head of their Mossad.

    The New York Times might have published some letter excerpts, but nothing else. Our appreciation for our own media took a nose dive when we saw them lying by omission by not giving Mr. Bastin’s view national exposure. Such oversights, I assure you, do not happen by accident.

    And as we go into the last weeks of the presidential campaigns here we can see that even a presidential contender with his NeoCon commandos are also caught trying to ride the fake bomb threat into the White house, where they have already promised to pull the trigger, which will be an instant disaster for all the rest of us.

    To launch a preemptive strike based on bogus Intel would be a war crime under the Nuremberg precedents, as it would truly be an offensive act, not really a defensive one.But there is a double hoax in play here.

    We are sitting here with this totally bizarre situation where Israel, a rogue nation in terms of it’s huge weapons of mass destruction programs and stockpiles.

    The Israelis have completely ignored any international responsibility for their actions and yet have the gall to demand red lines of others.

    I think it is time for the people of the world to issue Israel some red lines. And now is the perfect time. We have Clinton’s letter below, and we have General Shaul Horev, director of the Israeli Nuclear Energy Committee with his latest comment about any plans for discussing a nuclear free Mid East soon:

    “In order to realize this idea there is need for prior conditions and a complete reversal of the current trend in the area,” Horev said. “This is an idea born in other areas and alien to the reality and political culture of the area. Nuclear demilitarization in the Middle East, according to the Israeli position, will be possible only after the establishment of peace and trust among the states of the area, as a result of a local initiative, not of external coercion.”

    But it gets worse. Horev goes back to the tradition ‘victim well’ with more threat hoaxes, the silly faked quote of Iran wanting to wipe Israelis off the map, and this new one, that Assad would use chemical weapons against the rebels of give them to Hezbollah.

    It is clear who the real threat is…Israel. And all those who support the their never ending victim parade, are actually guilty of aiding and abetting in an Nuremberg crime against humanity. If there is to be a pre-emptive strike against a dangerous aggressor, we need to re-evaluate who that really is, and act accordingly.

    But enough of me, now on to Clinton’s letter. I have not excerpted this as I wanted you to see an important piece of history in it’s entirety. Press TV gets this today because I feel they will print it. Clinton deserves to be heard.

    The world needs to know that such informed opinions have been kept out of the media because it would make us harder to manipulate with the nuclear Iran boogeyman. That in itself is part of an attack on the rest of us. It is way past time we gave them some of their own medicine, while we still can.

    read more!


September 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

AMTV News: Lobbyist Advocates Iran ‘False Flag’ & U.S. Back in Iraq!


September 28, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | 1 Comment

Build-Up To WW3: Netanyahu Draws ‘Red Line’ Over Iran!

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

Stop the war!

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!

What is all the BS about Iran being a nuclear threat? It is pure propaganda and outright lies by the Zionists!

by Warner D. Farr, LTC, U.S. Army,


September 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Build-Up To WW3: Netanyahu Draws ‘Red Line’ Over Iran!

An Update on the Collapse of the Dollar!

September 28, 2012 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

At Ceremony for Yom Kippur War Dead, Defense Minister Ehud Barak Hints at Iran Action!

Click on image to goto article!

Click on image to goto article!


September 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on At Ceremony for Yom Kippur War Dead, Defense Minister Ehud Barak Hints at Iran Action!

Dr Deagle & Tim Alexander: Global Banksters Initiate Eurozone Collapse, Iran & Israel War Escalation …

September 28, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | 1 Comment

They Have Rigged The System to Ensure Fraud: Tom Woods!

September 28, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , | 1 Comment