Socio-Economics History Blog

Socio-Economics & History Commentary

Bill Murphy: JPMorgan to Implode? Silver Scandal Revealed ! Gold Cartel Losing Their Power!

November 30, 2012 Posted by | Economics | , , , , , , , , | 1 Comment

Israel Now Has Little Global Support ! International Support for Gazans a Backlash to Israel !

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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November 30, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , | Comments Off on Israel Now Has Little Global Support ! International Support for Gazans a Backlash to Israel !

Bob English on Geithner Leaving Derivatives Backdoor Open as he Walks Out the Front !

  • Welcome to Capital Account. In Washington, not all deadlines are as pressing as the Fiscal Cliff. The date for the final draft of the Volcker Rule has been pushed back, from end of this year to possibly the first quarter of 2013, according to CNBC. Does this simply leave more time for bank lobbying wins like the one scored from the Treasury over foreign exchange swaps?

    According to Bloomberg, big banks, including UBS and Deutsche Bank, lobbied for the regulatory exemption of foreign exchange swaps from Dodd-Frank. This effort comes as no surprise since foreign exchange contracts were the second largest source of derivatives trading revenue for US bank holding companies in Q2 of 2012. Moreover, foreign exchange swaps and forwards are part of a 4 trillion dollar global daily foreign exchange market. But is that all? Might there be a way through some tricky maneuvering to use foreign exchange swaps as a simulation of interest rate swaps? If so, this would also exempt the 379 trillion dollar interest rate swap derivatives market from Dodd-Frank. Our guest, Bob English, contributing editor for Zerohedge and guest contributing editor for EconomicPolicyJournal.com, tells us how Geithner exempted 410.8 trillion dollars (or 64%) of OTC Derivative Swaps from Dodd-Frank with the stroke of a pen.

    Plus, third quarter GDP growth was revised to 2.7 percent, up from the 2 percent gain previously reported by the Commerce Department. There are many reports that this gain could reverse, but more importantly should we put stock in GDP as a measure of the economy’s health at all? Lauren breaks it down in today’s Reality Check.

    Also, earlier this week we asked financial commentator Peter Schiff about his call for hyperinflation and the interview received attention from a certain NY Times economist. Paul Krugman to be exact. Lauren and Demetri discuss Paul Krugman’s post in today’s Loose Change, along with some interesting privacy news from google.

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November 30, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Bob English on Geithner Leaving Derivatives Backdoor Open as he Walks Out the Front !

Ned Naylor-Leyland: LBMA Smoke Signals on Silver Smell Fishy!! Move to Much Higher Ground is Imminent !

November 30, 2012 Posted by | Economics | , , , | Comments Off on Ned Naylor-Leyland: LBMA Smoke Signals on Silver Smell Fishy!! Move to Much Higher Ground is Imminent !

The EU Just Lost Another Prop: France’s Economy is Crumbling!

Eurozone collapse is coming!

  • The EU Just Lost Another Prop: France’s Economy is Crumbling! 
    by Graham Summers, http://gainspainscapital.com/
    Meanwhile, as Greece continues to distract the markets, France, the other primary prop for the EU besides Germany, is now experiencing an economic contraction on par with that of 2008-2009.

    Indeed, France’s September’s auto sales numbers were worse than those of September 2008 (the month Lehman collapsed). The country’s PMI reading is back to April 2009 levels. Even the French Central Bank, which would hold off as long as possible before unveiling bad news, has announced the country will re-enter recession before year-end.


    Over the past few weeks, an extraordinary cry of alarm has risen from chief executives who warn that the French economy has gone dangerously off track. In an interview to be published on Nov. 15 in the magazine l’Express, Chief Executive Officer Henri de Castries of financial-services group Axa (CS:FP) warns that France is rapidly losing ground, not only against Germany but against nearly all its European neighbors. “There’s a strong risk that in 2013 and 2014, we will fall behind economies such as Spain, Italy, and Britain,” de Castries says.

    On Nov. 5, veteran corporate chieftain Louis Gallois released a government-commissioned report calling for “shock treatment” to restore French competitiveness. And on Oct. 28, a group of 98 CEOs published an open letter to Hollande that said public-sector spending, which at 56 percent of gross domestic product is the highest in Europe, “is no longer supportable.” The letter was signed by the CEOs of virtually every major French company. (The few exceptions included utility Electricité de France, which is government controlled.)

    –         
    http://www.businessweek.com/articles/2012-11-14/french-ceos-help 

    We get additional confirmation that France is in big trouble from its partner in propping up the EU, Germany.

    German Finance Minister Wolfgang Schaeuble has asked a panel of advisers to look into reform proposals for France, concerned that weakness in the euro zone’s second largest economy could come back to haunt Germany and the broader currency bloc.

    Two officials, speaking on condition of anonymity, told Reuters this week that Schaeuble asked the council of economic advisers to the German government, known as the “wise men”, to consider drafting a report on what France should do…

    The biggest problem at the moment in the euro zone is no longer Greece, Spain or Italy, instead it is France, because it has not undertaken anything in order to truly re-establish its competitiveness, and is even heading in the opposite direction,” Feld said on Wednesday. 


    “France needs labour market reforms, it is the country among euro zone countries that works the least each year, so how do you expect any results from that? Things won’t work unless more efforts are made.” 

    http://uk.reuters.com/article/2012/11/09/uk-germany-france-economy-idUKBRE8A80MN20121109 

    France will be a bigger problem than Spain or Italy for the EU?!?! That is one heck of an admission from a German official. If France deteriorates then it’s game over for the EU.  The current bailouts mean Germany is already on the hook for an amount equal to 30% of its GDP. If France tanks the amount will balloon astronomically. At that point it’s game over. This is why the Powers That Be in Europe are absolutely terrified of what’s happening there.

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November 30, 2012 Posted by | Economics | , , , , , , , , , , | Comments Off on The EU Just Lost Another Prop: France’s Economy is Crumbling!

John Williams: Manipulation of Unemployment Numbers! What Triggers Economic Collapse?

November 30, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on John Williams: Manipulation of Unemployment Numbers! What Triggers Economic Collapse?

Eurozone on Edge of Disintegration!

November 30, 2012 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Eurozone on Edge of Disintegration!

Nobel Peace Laureates Call for Israel Military Boycott Over Gaza Assault !

  • Nobel peace laureates call for Israel military boycott over Gaza assault! 
    by in Jerusalem, guardian.co.uk  
    Letter with 52 signatories including artists and activists also denounces US and EU ‘complicity’ through weapons sales 

    A group of Nobel peace prize-winners, prominent artists and activists have issued a call for an international military boycott of Israel following its assault on the Gaza Strip this month.

    The letter also denounces the US, EU and several developing countries for what it describes as their “complicity” through weapons sales and other military support in the attack that killed 160 Palestinians, many of them civilians, including about 35 children.

    The 52 signatories include the Nobel peace laureates Mairead Maguire and Adolfo Pérez Esquivel; the film directors Mike Leigh and Ken Loach; the author Alice Walker; the US academic Noam Chomsky; Roger Waters of Pink Floyd; and Stéphane Hessel, a former French diplomat and Holocaust survivor who was co-author of the universal declaration of human rights.

    “Horrified at the latest round of Israeli aggression against the 1.5 million Palestinians in the besieged and occupied Gaza Strip and conscious of the impunity that has enabled this new chapter in Israel’s decades-old violations of international law and Palestinian rights, we believe there is an urgent need for international action towards a mandatory, comprehensive military embargo against Israel,” the letter says.

    “Such a measure has been subject to several UN resolutions and is similar to the arms embargo imposed against apartheid South Africa in the past.”

    The letter accuses several countries of providing important military support that facilitated the assault on Gaza. “While the United States has been the largest sponsor of Israel, supplying billions of dollars of advanced military hardware every year, the role of the European Union must not go unnoticed, in particular its hefty subsidies to Israel’s military complex through its research programmes.

    “Similarly, the growing military ties between Israel and the emerging economies of Brazil, India and South Korea are unconscionable given their nominal support for Palestinian freedom,” it says.

    The letter opens with a quote from Nelson Mandela: “For to be free is not merely to cast off one’s chains, but to live in a way that respects and enhances the freedom of others.”

    The other signatories include John Dugard, a South African jurist and former UN special rapporteur in the occupied territories; Luisa Morgantini, former president of the European parliament; Cynthia McKinney, a former member of the US Congress; Ronnie Kasrils, a South African former cabinet minister; and the dramatist Caryl Churchill.
https://socioecohistory.wordpress.com/2011/03/02/jewish-historian-ilan-pappe-history-of-zionism-genocide-and-ethnic-cleansing-of-palestine/

Genocide and Ethnic Cleansing by Zionist ‘666’ Israel !!!

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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November 30, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | 2 Comments

So Much for Global Warming! MINUS 20C? Britain Faces Coldest Winter for 100 Years!

http://www.dailymail.co.uk/news/article-2239556/UK-weather-forecast-Britain-faces-coldest-winter-100-years-Big-Freeze-follows-flood.html

November 30, 2012 Posted by | Social Trends | , , , , , , , | 2 Comments

John Coleman: Al Gore Sued by Over 30,000 Scientists Over Global Warming Fraud !

http://www.guardian.co.uk/science/2011/aug/18/aliens-destroy-humanity-protect-civilisations

If you believe this Illuminist psyop, you are an idiot! Is is a SCAM !

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November 30, 2012 Posted by | GeoPolitics, Science & Technology, Social Trends | , , , , , , , , | Comments Off on John Coleman: Al Gore Sued by Over 30,000 Scientists Over Global Warming Fraud !

Documentary: The Great Global Warming Swindle!

November 30, 2012 Posted by | Science & Technology, Social Trends | , , , , , , , | Comments Off on Documentary: The Great Global Warming Swindle!

Global Warming Still Stalled Since 1998, WMO Doha Figures Show! ‘We’re Looking into This Thing Which is NOT HAPPENING’!

Illuminati Round Table, Geo-Political Organization Chart

  • “In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. In their totality and in their interactions these phenomena do constitute a common threat with demands the solidarity of all peoples. But in designating them as the enemy, we fall into the trap about which we have already warned namely mistaking systems for causes. All these dangers are caused by human intervention and it is only through changed attitudes and behaviour that they can be overcome. The real enemy, then, is humanity itself.
    “The First Global Revolution”, A Report by the Council of the Club of Rome by Alexander King and Bertrand Schneider 1991. (The Club of Rome is part of the Illuminati RoundTable)
  • Man-made global warming is a psyop by Illuminist social engineers planned many decades ago. It is to drive the world to global government (Luciferian New World Order) using global manufactured crisis. It is to institute a world carbon ‘666’ tax to finance their machinations for world government. It is really financial rape by the Illuminist banksters. The planet is not getting warmer, it is in fact getting cooler! Global warming is a HOAX!

    Global Warming Still Stalled Since 1998, WMO Doha Figures Show! ‘We’re Looking into This Thing Which is NOT HAPPENING’! 
    by Lewis Page, http://www.theregister.co.uk/ 
    Figures released by the UN’s World Meteorological Organisation indicate that 2012 is set to be perhaps the ninth hottest globally since records began – but that planetary warming, which effectively stalled around 1998, has yet to resume at the levels seen in the 1980s and early 1990s.

    The WMO figures are produced by averaging those from the three main climate databases: those of NASA, the US National Oceanic and Atmospheric Administration (NOAA) and the British one compiled jointly by the Met Office and the University of East Anglia.

    The 2012 figure for the year so far stands at 14.45°C. If that were the figure for the full year, it would be cooler than 1998 (14.51°C) and most of the years since then (full listing from the Met Office here).

    The official position of the climate establishment is that global warming is still definitely on and the flat temperatures seen for the last 14 years or so are just a statistical fluke of the sort to be expected when trying to measure such a vast and noisy signal as world temperatures with such precision. (The global warming since 1950 is assessed as just half a degree, a difficult thing to pick out when temperatures everywhere go up and down by many degrees every day and even more over a year.)

    That said, there is now some admission even from the hardest climate hardliners that something may be going on which is not understood. Dr Peter Stott of the Met Office, head of Climate Monitoring and Attribution, had this to say while announcing the 2012-so-far-number:

    “We are investigating why the temperature rise at the surface has slowed in recent years, including how ocean heat content changes and the effects of aerosols from atmospheric pollution may have influenced global climate.”

The most abundant form of Carbon is Carbon12. It is a key element in the human DNA! 6 protons, 6 neutrons & 6 electrons -> ‘666’ ! Get the message!

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November 30, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | 5 Comments

Gold & Silver Base Near Completion, Expect Massive Breakouts!

  • Gold & Silver Base Near Completion, Expect Massive Breakouts! 
    by www.kingworldnews.com
    With continued volatility in gold and silver, today King World News spoke with top Citi analyst Tom Fitzpatrick, who put together a set of charts exclusively for KWN which showed gold and silver bases nearing completion and preparing for massive breakouts. 

    Here is what top Citi analyst Fitzpatrick had to say, along with powerful charts:  “Overall, the price action that we are looking at in silver is very constructive.  In recent weeks we had a down-move which took us just below the 55-week moving average.  But we came off those lows very nicely with a weekly reversal on the week of the 5th of November. “We now have two levels we are watching.  The first zone is $35 to $35.70.  This marks the highs from October of last year and so far this year.  Above those zones, the most important area still remains the $37.50 level we saw in February.  We still believe this is a triangle formation that we’ve broken out of, with a double-bottom within it. The neckline of this formation is at $37.50…..

    read more!

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November 30, 2012 Posted by | Economics | , , , , | Comments Off on Gold & Silver Base Near Completion, Expect Massive Breakouts!

Tom Cloud: Wholesale Gold Inventories Evaporating!

Remember the Golden Rule: He who has the gold makes the rules!

  • Tom Cloud: Wholesale Gold Inventories Evaporating! 
    by John Rubino, http://dollarcollapse.com/ 
    In this week’s interview with gold dealer Tom Cloud of National Numismatic Associates, we cover one very timely topic – the sudden decline in gold inventories – and one perennial question – how can an individual put physical precious metals in an IRA.

    DollarCollapse: Good to talk to you again Tom. Let’s start with your observation that the major gold wholesalers don’t seem to have their usual level of inventory. Why the sudden tightness?
    Tom Cloud: Of the seven or eight major wholesalers that send me price sheets, almost every one is having supply issues. Some [coins and bars] I can get right away, but most take between a few days and two weeks.

    The wholesalers don’t necessarily know why this is, but some speculate that the 58 tons that China’s central bank purchased in September was responsible, and that [the Chinese] purchased at least that much more in October. When a big seller elects to sell something they don’t even put it in the market any more, they just call up China’s central bank, and we see the report four weeks later, if we see it at all.

    And it’s not just China. Central banks in general are buying. Until 2011 central banks were selling gold but in the last two years hardly any are selling and many are buying. I’ve been doing this for 35 years and last month made my first sale to a central bank.

    Another factor is the new Basel III agreement in which gold counts for what it’s worth rather than 50% of what it’s worth, which makes it a more attractive asset for banks.  And the final factor is that more Americans are moving into metals, which is producing more small orders to go with the big orders from central banks. It’s different for each wholesaler, but the overall effect is to tighten inventories.

    DC: That’s great news for gold bugs. Now, for those who have money in an IRA and want to convert some of it to bullion, how can they do that?
    TC: We’re starting to see people actually move physical gold out of these ETFs. GLD, for instance, has been trading at a big discount. Why would GLD be selling at a discount if there wasn’t anything wrong with the fund? Of course there’s plenty wrong with it, as Andrew McGuire has testified.

    read more!

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November 30, 2012 Posted by | Economics | , , , , , , , , , | 1 Comment

FedRes To Commit To A Staggering $1 Trillion Of QE For 2013!

  • Fed To Commit To A Staggering $1 Trillion Of QE For 2013! 
    by www.kingworldnews.com
    Today acclaimed trader Dan Norcini told King World News the Fed is about to commit to more than $1 trillion of QE for 2013.  Norcini stated that because of this, “Anyone who does not own physical gold is committing financial suicide.”  Here is what the acclaimed trader had to say about this stunning situation and what it will mean for the gold market:  “One of the things that may have been overlooked by a lot of people, but it certainly wasn’t overlooked by some of us in the trade, was a report that was published by Goldman Sachs dealing with the Federal Reserve and its upcoming policy meeting.”

    “Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4.  It will be a purchase of $45 billion each month in Treasuries.  This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt. But in a sense, Eric, QE4 is going to be a replacement for Operation Twist.  Operation Twist was designed to push down the long end of the curve in order to keep interest rates artificially low….

    read more!

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November 30, 2012 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on FedRes To Commit To A Staggering $1 Trillion Of QE For 2013!