Socio-Economics History Blog

Socio-Economics & History Commentary

The Madness of a Lost Society 3 ! Coming Biblical Proportion Collapse!

November 28, 2012 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 2 Comments

Turkey Committed to Side with Zionism to Destroy Syria!

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Egypt on Edge of New Turmoil as Islamists ‘Fill Post-Mubarak Vacuum’!

November 28, 2012 Posted by | GeoPolitics | , , , , , | Comments Off on Egypt on Edge of New Turmoil as Islamists ‘Fill Post-Mubarak Vacuum’!

Force Outsource: Pentagon Favors Spec Ops, Proxy Armies!

November 28, 2012 Posted by | GeoPolitics | , , , , , , | Comments Off on Force Outsource: Pentagon Favors Spec Ops, Proxy Armies!

Brzezinski: US Must Stop Following Israel “Like a Stupid Mule”!

  • Zbig Brzezinski is the puppet master, the power behind Obama. He leads the faction in opposition to the Zionist NeoCon faction way of doing things. Both have the same final objectives. But Zbig is definitely the more dangerous and subtle opponent. Zbig is the person who dragged the Soviet Union into the Afghanistan war which turned out to be their ‘Vietnam’ war and led to the collapse of the Soviet empire. He is a geo-political master strategist and an expert of fighting wars via proxies!
  • He has openly, publicly and in the MSM criticized and attacked Israel. However, no one, not even the AIPAC, Zionist lobbies, Zionist MSM … dared to touch him. He is co-founder with David Rockefeller of the Illuminist Trilateral Commission. He is right up there at the top echelons of the Illuminati organization, higher up than the Committee of 300 IMO.
  • Zbig’s faction is pushing aside the Zionist NeoCon faction. It is game over for the Zionist NeoCon’s brute force, direct US confrontation involvement, strategy. Zbig will execute the Satanic World War 3 by using Zionist ‘666’ Israel to trigger it. It is game over for Zionist ‘666’ Israel.

    Brzezinski: US must stop following Israel “like a stupid mule”
    by Kevin Barrett, 
    Leading US strategist Zbigniew Brzezinski – unofficial dean of the realist school of American foreign policy experts – has drawn an unflattering picture of US-Israel relations.

    In a speech to the National Iranian American Council, Brzezinksi said:

    “I don’t think there is an implicit obligation for the United States to follow like a stupid mule whatever the Israelis do. If they decide to start a war, simply on the assumption that we’ll automatically be drawn into it, I think it is the obligation of friendship to say, ‘you’re not going to be making national decision for us.’ I think that the United States has the right to have its own national security policy.”

    By denying any US “obligation” to “follow like a stupid mule whatever the Israelis do,” Brzezinski accurately implied that this is exactly what the US has been doing up until now. And by plaintively opining that “the United States has the right to have its own national security policy,” the former National Security Adviser underlined the fact that since the assassination of John F. Kennedy, who secretly went to war with Ben Gurion in a doomed effort to abort the Israeli nuclear weapons program, the US has not enjoyed that right.

    Brzezinski’s assertion that the US is being led by the nose like a stupid mule by the Israelis is perhaps the most candid statement of its kind ever uttered in public by a high-level US strategist. Brzezinski’s remarks reflect the mainstreaming of the arguments presented by leading US political scientists Walt and Mearsheimer in their book The Israel Lobby.

    Indeed, Brzezinski has gone much further than Walt and Mearsheimer, who couch their critique of the tail-wags-the-dog US-Israel relationship in extremely cautious language. By laying it out so explicitly, Brzezinski is in effect joining the ranks of such scholars as James Petras and Grant Smith, who leave Walt and Mearsheimer in the dust as they boldly and accurately describe the outrageous, destructive, and quite literally criminal Israeli domination of the US. (As Smith argues in Foreign Agents, the hundreds of thousands of members of the Zionist Power Configuration described by Petras are acting as unregistered agents of a foreign power; if the law were properly enforced, they would all be in prison.)

    The strong words from Brzezinski, and the mainstreaming of similar sentiments, illustrate a growing backlash against Israel’s ever-more-shameless, ever-more poorly concealed domination of the USA. The post-9/11 era has witnessed a rash of unbelievably arrogant Israeli actions, including:

    • Benjamin Netanyahu’s reaction to 9/11. (He triumphantly chortled that 9/11 was “very good,” then hastily added that he meant it was very good for Israel.)
    • Ariel Sharon’s reaction to 9/11: “We Jews control America, and the Americans know it.”
    • Allegedly retired Mossad chief spook Mike Harari’s  huge victory party in Bangkok, Thailand celebrating the success of the 9/11 operation.
    • The team of “dancing Israelis,” later outed as Mossad spies by The Forward, who were arrested for wildly celebrating the success of the 9/11 operation.
    • The use of organized crime assets like then-NYC Police Commissioner Bernard Kerik to cover up the 9/11 story of the century: The arrest of Israelis with vans full of explosives trying to blow up New York’s bridges and tunnels on the morning of 9/11.
    • The actions of newly-retired Israeli Defense Minister Ehud Barak in the immediate aftermath of 9/11: Barak, Christopher Bollyn’s top 9/11 suspect, had come to the US for mysterious reasons after stepping down as PM in March 2001, and immediately after 9/11 all but ordered the US to declare a “war on terror” and invade Afghanistan and other countries – making him the first public figure to describe the “war on terror” response to 9/11.
    • The Israel lobby’s demolition of the Congressional career of 9/11-truth-seeker Rep. Cynthia McKinney.
    • The Israel lobby’s persecution of American Muslims including Sami al-Arian, who was imprisoned and tortured for the “terrorist” crime of supporting the Palestinians’ right to defend themselves.
    • The Israel lobby’s persecution of Christian peacemaker Mark Siljander, who was sent to prison on trumped-up charges for the crime of telling other Christians the truth about Islam, and thereby undermining the Israelis’ islamophobic “war on terror” narrative.
    • The Israel lobby’s increasing use of its organized crime assets to dominate American politics through blackmail, fraud, drug trafficking, money laundering, assassination, and other crimes.
    • Israel’s assassination threats against President Obama, notably the one delivered by unregistered Israeli agent Andrew Adler.
    • Israel’s blatant intervention in US elections, including its use of organized crime in vote-fraud efforts – which may finally have failed in 2012 when Netanyahu imploded at the UN, and his hand-picked puppet Mitt Romney imploded in the final election results.
    • Israel’s ongoing attempts to drag the US into wars-for-Israel that damage US interests – including wars in Afghanistan, Iraq, Somalia, Pakistan and elsewhere, as well as Israel’s proposed attack on Iran.
    • And finally, of course, Israel’s ever-more-arrogant refusal to do what the US and every other country on earth insists it must do: Return to its pre-1967 borders and make peace with its neighbors.

    Is the “stupid American mule” described by Brzezinski finally waking up?

    read more!

Mossad involvement in 9/11.


November 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Brzezinski: US Must Stop Following Israel “Like a Stupid Mule”!

Top Globalist Zbigniew Brzezinski: New World Order is In Deep Trouble!

  • Brzezinski: “Populist Resistance” is Derailing the New World Order
    by Paul Joseph Watson,
    During a recent speech in Poland, former US National Security Advisor Zbigniew Brzezinski warned fellow elitists that a worldwide “resistance” movement to “external control” driven by “populist activism” is threatening to derail the move towards a new world order.

    Calling the notion that the 21st century is the American century a “shared delusion,” Brzezinski stated that American domination was no longer possible because of an accelerating social change driven by “instant mass communications such as radio, television and the Internet,” which have been cumulatively stimulating “a universal awakening of mass political consciousness.”

    The former US National Security Advisor added that this “rise in worldwide populist activism is proving inimical to external domination of the kind that prevailed in the age of colonialism and imperialism.”

    Brzezinski concluded that “persistent and highly motivated populist resistance of politically awakened and historically resentful peoples to external control has proven to be increasingly difficult to suppress.”

    Although Brzezinski delivered his comments in a neutral tone, the context of the environment in which he said them allied to his previous statements would indicate that this is not a celebration of “populist resistance” but a lament at the impact it is having on the kind of “external control” Brzezinski has repeatedly advocated.

    The remarks were made at an event for the European Forum For New Ideas (EFNI), an organization that advocates the transformation of the European Union into an anti-democratic federal superstate, the very type of bureaucratic “external control” Brzezinski stressed was in jeopardy in his lecture.

    In this context, it must be understood that Brzezinski’s point about “populist resistance” being a major hindrance to the imposition of a new world order is more of a warning than an acclamation.

    Also consider what Brzezinski wrote in his book Between Two Ages: America’s Role in the Technotronic Era, in which he advocated the control of populations by an elite political class via technotronic manipulation.

    “The technotronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities,” wrote Brzezinski.

    “In the technotronic society the trend would seem to be towards the aggregation of the individual support of millions of uncoordinated citizens, easily within the reach of magnetic and attractive personalities exploiting the latest communications techniques to manipulate emotions and control reason,” he wrote in the same book.

    Brzezinski’s sudden concern about the impact of a politically awakened global population isn’t born out of any notion that he identifies with their cause. Brzezinski is the ultimate elitist insider, the founder of the powerful Trilateral Commission, a Council on Foreign Relations luminary and a regular Bilderberg attendee. He was once described by President Barack Obama as “one of our most outstanding thinkers”.

    This is by no means the first time Brzezinski has lamented the burgeoning populist opposition to external domination by a tiny elite.

    During a 2010 Council on Foreign Relations speech in Montreal, Brzezinski warned fellow globalists that a “global political awakening,” in combination with infighting amongst the elite, was threatening to derail the move towards a one world government.


November 28, 2012 Posted by | GeoPolitics, Social Trends | , , | 1 Comment

Jim Vieira: Stone Builders, Mound Builders and the Giants (with Double Rows of Teeth) of Ancient America!

  • The Nephilim Giants were the descendents of fallen angels and women. The historical records of these giants are overwhelmingly plentiful but covered up by propaganda and destruction of evidence. The records that remain are still overwhelmingly plentiful. People who deny there existed a race of giants have not read the Bible nor studied the non Biblical evidence.

    Genesis 6:4 
    There were giants on the earth in those days, and also afterward, when the sons of God came in to the daughters of men and they bore children to them. Those were the mighty men who were of old, men of renown.

    Deuteronomy 3:13
    The rest of Gilead, and all Bashan, the kingdom of Og, I gave to half the tribe of Manasseh. (All the region of Argob, with all Bashan, was called the land of the giants.

    Joshua 13:12
    all the kingdom of Og in Bashan, who reigned in Ashtaroth and Edrei, who remained of the remnant of the giants; for Moses had defeated and cast out these.

    2 Samuel 21:18-22
    18 Now it happened afterward that there was again a battle with the Philistines at Gob. Then Sibbechai the Hushathite killed Saph,[a] who was one of the sons of the giant. …….
    20 Yet again there was war at Gath, where there was a man of great stature, who had six fingers on each hand and six toes on each foot, twenty-four in number; and he also was born to the giant. 21 So when he defied Israel, Jonathan the son of Shimea,[c] David’s brother, killed him. 22 These four were born to the giant in Gath, and fell by the hand of David and by the hand of his servants.

Click to goto Steve Quayle’s Genesis 6 Giants website!


November 28, 2012 Posted by | History | , | 5 Comments

Ben Swann: “No Country Would Tolerate Missiles From Outside Borders” U.S. Hypocrisy?!

  • The firing of rockets into Zionist ‘666’ Israel must be seen in the correct context. It is an Act of Self Defense! Gaza is an open air concentration camp. The Zionists are the illegal occupation force in Gaza and on other Palestinian land. This is an Act of War by the Zionists. The Zionists have been stealing Palestinian land for the past 64+ years. They have been committing genocide and ethnic cleansing against the Palestinians since day 1 of the founding of Zionist ‘666’ Israel, the Satanic counterfeit ! (Note: the so-called rockets are really home made, fertilizer powered projectiles. They are not military grade rockets/missiles with explosive war heads!)

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


November 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , | Comments Off on Ben Swann: “No Country Would Tolerate Missiles From Outside Borders” U.S. Hypocrisy?!

US Aircraft Carrier Strikeforce Readies in Case of War with Iran!

  • The pieces are being setup for the coming Satanic World War 3, Greater Middle East War. It appears to be pushed to April 2013 earliest.

    US aircraft carrier strikeforce readies in case of war with Iran! 
    by , on the USS John C Stennis near the Strait of Hormuz, , 25 Nov 2012
    When the aircraft carrier USS John C Stennis returns to the placid blue waters of the Gulf with her strike force of 70 jets in the next few days, she will be ready for action off the coast of Iran.

    The flagship $4.5 billion carrier, a 100,000 ton floating city with a crew of 5,000, was despatched four months earlier than planned to bolster the United States Navy’s already formidable force in the region, the Fifth Fleet.

    Its mission is to keep some of the world’s busiest shipping lanes open in its most combustible region; at any moment America’s standoff with Iran could escalate into a crisis.

    “Could there be a threat?” asked Rear Admiral Mike Shoemaker, the man who would command any mission to force open the sea lanes. “Yes is the answer. Is it manageable? Also yes.”

    Admiral Shoemaker, a wiry man with a Navy buzz cut, runs through the likely threats: anti-ship cruise missiles; midget submarines; speedboats on suicide missions. Iran’s conventional air force and navy are clapped out and no match for the US Navy, but they had years of practising mine-laying.

    “If they sunk a tanker, that could shut the Strait for a couple of days or a week,” Adm Shoemaker said. “But we could deal with that quite quickly. A massive mine-laying effort, though, would take a while to clear.”

    read more!

Stop the war!


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

Israeli Aggression: Dress Rehearsal for Iran?

  • Israeli Aggression: Dress Rehearsal for Iran? 
    by Stephen Lendman(Jew), 
    Longstanding US and Israeli policies call for regime change in Iran. Replacing its independent government with a pro-Western puppet one is planned.

    War is the bottom line option if other methods fail. Both countries have longstanding plans. War could erupt any time. Doing so is madness. It’s also lawless, unconscionable, and self-destructive. Attacking Iran assures all combatants lose.

    Gaza may be prelude to what’s planned. Perhaps strategy and tactics are being tested. In all Israeli wars, so are new weapons. Israel uses illegal ones freely. Victims sustain horrific injuries. Many are killed outright or don’t survive.

    Hostilities against Gaza continue aggressively. Overnight Sunday into early Monday, over 80 targets were struck. Since November 15, about 1,400 were attacked.

    The official death toll passed 100. Perhaps double that number died. Many are buried under rubble. Over 700 were injured. For many, it’s serious. Others are maimed for life. Some are so badly hurt they won’t survive.

    Civilians are willfully targeted. Over half of Al Shifa Hospital casualties are children and infants. Medical staff are hard-pressed. They can’t properly handle the growing case load.

    Vital medications and other supplies are being exhausted. What’s enough for a week or longer is consumed in a few hours. If conflict persists, treating seriously injured patients won’t be possible.

    Hamas wants peace, equity and justice for all Palestinians. Its leaders expressed willingness many times to recognize Israel in return for internationally recognized self-determination inside pre-1967 borders. It represents 22% of historic Palestine.

    Despite numerous prior Israeli attacks, they agreed unilaterally to observe ceasefire. They never held because Israel provokes conflict. Current negotiations are worthless without internationally enforced conflict resolution terms.

    Israel wants things its way. It doesn’t negotiate. It pressures, bullies and demands. Washington provides full support. Expect no change now.

    UN Special Rapporteur for Palestinian human rights Richard Falk noted the grotesque power imbalance between Israel and Hamas. Around 1.7 million Gazans are affected.

    Grievances aside, he said, Israel is “militarily omnipotent.” Hamas and other resistance groups pose no threat whatever. Israel claims otherwise. At issue is stoking fear and perpetuating conflict.

    read more!

Who is threatening who with nuclear annihilation? Click on image to go to article!

Who is threatening who with nuclear annihilation?!

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

Click on image to goto article!

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


November 28, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on Israeli Aggression: Dress Rehearsal for Iran?

The Synagogue of Satan: How to Kill Goyim, Innocent Children/Families and Influence People!

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


November 28, 2012 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off on The Synagogue of Satan: How to Kill Goyim, Innocent Children/Families and Influence People!

Israeli War Crimes Against Palestine: Witness Testimonies!

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

  • Israeli War Crimes against Palestine: Witness Testimonies! 
    by Kuala Lumpur War Crimes Commission (KLWCC) , via 
    Global Research Editor’s Note
    At the height of the bombing of Gaza,  legal proceedings directed against the State of Israel involving the initial hearings of the Kuala Lumpur War Crimes Commission were launched in Kuala Lumpur, Malaysia. The decision to launch these proceedings was taken by the Commission in May of 2012.

    Pertaining to alleged Israeli war crimes, the Kuala Lumpur War Crimes Commission heard the testimonies of nine complainants.

    The following summary of testimonies presented to the Commission provides a historical background on Israeli crimes against humanity extending from the Sabra Shatila Massacres to the 2008-2009 Operation Cast Lead, which resulted in the killings of entire families.

    We invite our readers to carefully examine these witness testimonies. They are of crucial importance in an understanding of the current situation in Gaza. Selected excerpts and quotations below. Scroll down for prosecutors’ press release :

    “Why were the young children killed? [Gaza, January 2009]They are so young and cannot even hold a stone. Like my brother Ahmad. My cousins who were infants were also killed. I have heard that the soldier who kills more – and younger children – moves up higher in ranks.”

    “What did the children do to deserve to die this way? What did the women do to become widows and what did the old people do to see all this? Nobody is defending us. It is like we are nothing. We do not have a normal happy life like other children. Where is the human right of the child?”

    Mahmoud who was only 12-years-old at the time of 2009 attacks, saw his father shot in cold blood by the Israeli soldiers. He told the panel that he and his friends were playing football and mud balls around a fruit tree when they saw F16 planes flying in the area and shooting bombs and missiles.

    Displaying maturity beyond his young age, Mahmoud related the terrifying ordeal he and his family underwent during the January 2009 attacks. The soldiers while shooting randomly at the family shot his 4-year-old brother twice in the chest and once in the head and four of his other brothers in their legs and behind the ear.

    [Gaza, January 2009] “I went to her and realized that my mother (Rahma Mohammed Mahmoud Al-Samony, then aged 43) died with half of her face blown away. My father (Talal Hilmy Mahmoud Al-Samony, then aged 49) and my only daughter (Aza Salah Talal Al-Samony, then aged 2.5) also died, with their face disfigured. A total of 21 of my family members died. More than 50 of them were injured. There was screaming, shouting and crying. Blood was everywhere. I lifted my daughter and she had wounds on her neck and stomach. She was dead. Then, I heard my wife calling my name. I went to her. There were a lot of dead bodies on top of her. Then, I slowly pulled her out. She was injured and she was covered in blood. Three of my sons were badly injured and the other one had difficulties in breathing even now.”

    In the early hours of the morning [Sabra and Shatila witness testimony], about 16-17 armed soldiers entered her home and shot her husband, brother and cousin dead in front of her and children. She related that militia entered homes and shot at everyone including children and animals.

    “Along the way to the stadium, I saw my cousin’s daughter who was pregnant lying dead. The murderers had opened her body and taken out her baby and put the baby on her. The child was dead as well. She was lying on the street.”

    “Along the street there were a lot of dead bodies. Hundreds of bodies were strewn all over. We climbed a hill to the stadium. At the nearest houses I could see bodies of children. Between the houses, which had been half destroyed, there were bodies of men, and also women and children and animals.”

    On May 11 2012 the Kuala Lumpur War Crimes Tribunal rendered a historical guilty verdict  in The Kuala Lumpur War Crimes Commission v. George Walker Bush et al . The decision to launch a legal war crimes procedure against the State of Israel was taken by the Kuala Lumpur War Crimes Commission in the wake of this historic judgment.

    Michel Chossudovsky,
    Director of the Centre for Research on Globalization (CRG) and Member of the Kuala Lumpur War Crimes Commission,
    Kuala Lumpur, November 22, 2012

    read more!


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

The Euro Will Blow Up Europe Instead Of Bringing It Together!

  • The Euro Will Blow Up Europe Instead Of Bringing It Together! 
    “I cannot be disillusioned because I no longer have any illusions about Europe,” muttered Euro Group President Jean-Claude Juncker last week after the horse trading over Greece’s bailout had failed once again. But he wasn’t the only one who lost his illusions. “There are better alternatives to the bailout policies of Chancellor Merkel,” declares the man who’ll run against her in 2013; alternatives that “protect taxpayers and don’t only benefit the banks.”

    After 40 years in the CDU, Merkel’s own party, that man, Stephan Werhahn left it earlier this year in protest over her bailout policies and joined the Free Voters (Freie Wähler). In 2008, they’d decided to get into the Bavarian parliament and won 11.2% of the seats. Out of nowhere. Now they’re going for the federal elections in 2013. And Werhahn—grandson of Konrad Adenauer, the legendary first Chancellor of the Federal Republic and one of the founders of the CDU—heads their list.

    In the interview, he reviles the violations of the Maastricht Treaty, the founding document of the EU. One of its fundamental principles is that each country is responsible for its own debts and that no country can be held liable for the debts of other countries. The principle, he says, was first broken with Greece’s initial bailout in 2010. The preliminary bailout fund, the €480-billion EFSF, was “the next violation.” The third violation was the permanent bailout fund, the €700-billion ESM, which can be leveraged “so that the liabilities for Germany and German taxpayers will be greater still.”

    The German Constitutional Court, in its review of the ESM, mandated two safeguards—a maximum liability for Germany of €190 billion and parliamentary approval before each disbursement. But that limit, he says, “is being leveraged by ECB President Mario Draghi” with his promise to buy “unlimited” amounts of debt as long as crisis countries submit to reform and austerity requirements. When the ECB buys debt, Germany is liable for 27% of any losses, blowing the lid off the Court-stipulated limit, and “without approval by Parliament.” These ECB policies as well as Germany’s Target-2 balances at the ECB of more than €700 billion “obscure the magnitude of the bailout financing.”

    The government’s emphasis that aid is paid only if reform requirements are met might not work, he says, as it’s trying “to make something out of the southern European countries that they’re not.” Now there’s unrest in Europe: in the North, citizens don’t want to pay into a “bottomless barrel”; in the South, citizens, who’re suffering under austerity pressures, say that the only ones getting bailed out are “rich tax dodgers and investors who bought that government debt.”

    What about the warning by financial experts that stopping the bailouts would produce enormous turbulence? “Exaggerated and pure banking lobbyism,” Werhahn retorts.

    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.”


November 28, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on The Euro Will Blow Up Europe Instead Of Bringing It Together!

Mark Grant On Greece: “There Is No Deal Here”!

  • Mark Grant On Greece: “There Is No Deal Here” !
    by Mark Grant, via 
    There is no deal here. There is a fantasy of projections and some wishful thinking but no deal. There is not even an agreement on disbursement as codified in the last paragraph of the statement (here). The odds on Greece reaching a primary surplus in the next several years are about 1 degree off of Kelvin’s Absolute Zero [the market seems to agree]

    The deferral of interest payments and the extension of the loans have some meaning but are nowhere close to bridging the deficit gap. All of this of course has to go back to the nations’ Parliaments and it may not be as readily accepted as some hope.

    There is not even a definitive agreement yet to give Greece more money.

    The debt buy-back (as we discussed here) is governed under British law and while they are once again going after the private sector bondholders there is no CAC to enforce any action though there is the obvious falsification of prior claims that “it will never happen again.”

    What we have here are more promises, a concocted ruse and an agreement on a concept that is actually no deal at all.

    I would also say that Mr. Draghi lost a good deal of credibility tonight touting this statement as an agreement that would “reduce uncertainty.”

    read more!


November 28, 2012 Posted by | Economics | , , , , , , , , , | Comments Off on Mark Grant On Greece: “There Is No Deal Here”!

James Turk: Gold Shortage Forcing Drastic Steps By Central Planners!

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

  • Turk – Gold Shortage Forcing Drastic Steps By Central Planners! 
    Today James Turk spoke with King World News about steps which are being taken by the LBMA and Western central planners to cover up the corruption and manipulation in the gold and silver markets.  This is the second in a series of interviews with James Turk that will be released today which reveals what is going on behind the scenes of the increasingly desperate Western central bank gold and silver price suppression scheme.

    This interview brings up the recent announcement of a move to dematerialize gold in India.  This move is almost definitely being forced on India by Western central planners in an effort to stop the hemorrhaging of physical gold out of Western central bank vaults. 

    Eric King:  “There is a move to dematerialize gold in India because they can’t continue to feed the gold into India (and the rest of the world) out of the Western central bank vaults.” 

    Turk:  “That’s exactly right, Eric.  It sort of reminds me of what happened back in 1969 when they tried to dematerialize gold at that time when there wasn’t enough (available) gold, and they (the IMF) created a thing called the SDR….
    I just finished reading the blog (interview) you did with John Embry, and he says that the price is going to explode when they (Western central planners) finally lose control.  I think that moment is coming very, very soon.”

    read more!


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