Socio-Economics History Blog

Socio-Economics & History Commentary

Stop WW3: Financial Warfare Against Russia Escalates Drive for General War!

World War 3 Coming Soon Nuclear Blast

  • Financial Warfare Against Russia Escalates Drive for General War! 
    by https://larouchepac.com/ 
    Open statements of economic warfare against Russia by top British and American officials have confirmed once again the recent charges by Russian Foreign Minister Sergey Lavrov that the sanctions against Russia and other measures of financial and economic warfare are part of a regime-change agenda coming from the West. Some Russian oligarchs are clearly playing into the British scenario by engaging in hyper-speculation against the ruble and flight capital.

    Lavrov had an interview yesterday with France 24 TV and was direct and explicit about how his government is viewing the sanctions:

    Q: So you’re not afraid that we could see an economic meltdown in Russia?
    Sergey Lavrov: Never. Economic meltdown could happen to a small country. It can happen even to a big country like Ukraine, and it’s basically almost there. Russia is doing whatever we can to help resolve the crisis in Ukraine–not to please the West, not to ask for sanctions relief, but because we are seriously concerned. Contrary to what the Europeans feel, we are seriously concerned about the future of Ukraine and Ukrainian economy. Actually, speaking of sanctions and, you know, that this is a sign of irritation, not an instrument of serious policies.

    The latest portion of sanctions which was voted in the European Union last September was introduced the next day after the Minsk protocol was signed. This is a very interesting logic, you know, to stimulate the political process. So the next morning after the huge achievement was reached, which was praised by everyone, the gentleman, what was his name, Van Rompuy, declared that there was a new portion of sanctions being introduced in Russia. If this is the European choice, if this is what Europe has as a reaction to something positive, then I once again can only say that we hugely overestimated European independence in foreign policy.

    Q: Are sanctions, as some people are thinking, a way of trying to create a regime change in Russia?
    Sergey Lavrov: I have very serious reasons to believe that this is the case.

    read more!

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December 19, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

Putin: West Wants to Chain the Russian Bear, Pull Out Its Teeth And Ultimately Have It Stuffed !

  • Published on Dec 18, 2014
    Western nations want to chain “the Russian bear,” pull out its teeth and ultimately have it stuffed, Russian President Vladimir Putin warned. He said anti-Russian sanctions are the cost of being an independent nation.

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December 19, 2014 Posted by | Economics, GeoPolitics | , , , , , | Comments Off on Putin: West Wants to Chain the Russian Bear, Pull Out Its Teeth And Ultimately Have It Stuffed !

​UK Oil Industry ‘Close to Collapse’ as Price Plunges Below $60 per Barrel !

http://rt.com/uk/215579-uk-oil-industry-crisis/

Click on image for article!

December 19, 2014 Posted by | Economics | , , , | Comments Off on ​UK Oil Industry ‘Close to Collapse’ as Price Plunges Below $60 per Barrel !

Ukrainian Soldier Confirms: Ukraine’s Military Shot Down Malaysian MH17 Plane!

malaysian-airlines-mh17-crash-site-Ukraine

  • Ukrainian Soldier Confirms: Ukraine’s Military Shot Down Malaysian MH17 Plane! 
    by Eric Zuesse | Infowars.com 
    U.S. allies got on board with that and agreed to hiked sanctions against Russia
    A Ukrainian soldier who was part of the crew that operated the supposed missile-battery that the Ukrainian Government claims shot down the Malaysian MH17 airliner on July 17th has testified publicly for the first time, saying that the missile-battery was operated by the Ukrainian military, not by the rebels as asserted, and that he and his former crew-mates who operated it laughed when they heard their Government say that this missile-battery was operated by rebels and had shot the airliner down.

    An English-translated transcript of the December 15th Russian-language interview with this soldier was posted at UkraineWar.Info on December 17th by Michael Collins, an investigative journalist with UkraineWar.Info who has been following very closely the multiple investigations that are proceeding into the cause of the downing.

    This testimony confirms the accumulating prior, already overwhelming and even-more-convincing evidence, which is linked to in my latest article on the topic, here, all of which evidence indicates that either one or else two Ukrainian fighter-jets intentionally shot this airliner down — that it was not an error by rebels who had mis-identified this airliner as being a bomber from the Ukrainian Government, such as the Ukrainian Government and its sponsor the U.S. Government claim.

    Regarding the reason why the Ukrainian Government did this, it, too, is clear: U.S. President Obama needed a startling incident in order to obtain from the EU and other U.S.-allied nations their participation in heavily increased economic sanctions to weaken Russia. As soon as this plane was downed, both the Ukrainian Government and the Obama Administration claimed that they possessed convincing proof that it had been downed by pro-Russian rebels in Ukraine’s former southeast. All U.S. allies got on board with that and agreed to hiked sanctions against Russia.

    read more!
http://www.counterpunch.org/2014/09/04/sinister-pretext-for-war-with-russia/

Click on image for article!

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December 19, 2014 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Ukrainian Soldier Confirms: Ukraine’s Military Shot Down Malaysian MH17 Plane!

Sony Hack: What They’re Not Telling You! Who is Really Responsible and What’s the Agenda?

  • Published on Dec 18, 2014
    The White House claims North Korea is responsible for the Sony hack; Here’s what they’re not telling you.
http://www.democracynow.org/2003/5/2/did_donald_rumsfeld_aid_north_koreas

The west supplied North Korea the nuclear technology! Click on image for article!

http://www.guardian.co.uk/world/2003/may/09/nuclear.northkorea

Click on image to goto article!

Ministry_of_Propaganda_MSM

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December 19, 2014 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on Sony Hack: What They’re Not Telling You! Who is Really Responsible and What’s the Agenda?

Sony Hack Bears Hallmarks of U.S. Intelligence Operation!

  • Sony Hack Bears Hallmarks of U.S. Intelligence Operation! 
    by Kurt Nimmo | http://www.Infowars.com 
    Obama admin. mulling “proportional” response
    The Obama administration considers Sony’s inability to secure its computer network and allowing unknown hackers access to confidential information to be a serious breach of national security.

    White House spokesman Josh Earnest did not say North Korea was responsible for the hack. Instead, the accusation was made Wednesday by an anonymous government official “who is not authorized to comment publicly.”

    Earnest said U.S. national security leaders “would be mindful of the fact that we need a proportional response.” He was vague on what this meant.

    As Paul Joseph Watson noted for Infowars.com on Thursday, there is little evidence implicating North Korea, but this has not prevented the government and the corporate media from attributing the hack to the authoritarian regime of Kim Jong-un.

    For more on this, see Kim Zetter’s The Evidence That North Korea Hacked Sony Is Flimsy.

    As Marc W. Rogers noted on his security news blog on Thursday, it is unlikely North Korea is involved. “The fact that the code was written on a PC with Korean locale & language actually makes it less likely to be North Korea,” Rogers explains. “Not least because they don’t speak traditional ‘Korean’ in North Korea, they speak their own dialect and traditional Korean is forbidden. This is one of the key things that has made communication with North Korean refugees difficult.”

    Additionally, the broken English used “looks deliberately bad and doesn’t exhibit any of the classic comprehension mistakes you actually expect to see in ‘Konglish’. i.e it reads to me like an English speaker pretending to be bad at writing English.”

    This would implicate U.S. or British intelligence. U.S. intelligence has, since 9/11, displayed careless and sloppy application when conducting false flag operations. The textbook example of this is the transparently bogus “intelligence” used in the effort to frame Iraq prior to the invasion of that country in 2003.

    Another indicator pointing to U.S. intelligence is the familiarity with Sony’s computer network. “It’s clear from the hard-coded paths and passwords in the malware that whoever wrote it had extensive knowledge of Sony’s internal architecture and access to key passwords,” Rogers notes. “While it’s plausible that an attacker could have built up this knowledge over time and then used it to make the malware, Occam’s razor suggests the simpler explanation of an insider.”

    The attacker, however, does not necessarily have to be a Sony insider. As Edward Snowden and others have demonstrated, the NSA specializes in gaining access to computer networks and routinely penetrates the firewalls of corporate and foreign government networks.

    Rogers writes the attack “suits a number of political agendas to have something that justifies sabre-rattling at North Korea, which is why I’m not that surprised to see politicians starting to point their fingers at the DPRK also.”

    read more!

WhiteHouse-Welcome_to_Bullshit_Central_residence_of_Obama_and_Bush_bin_Laden

Hermann-Goering-Propaganda_for_War

CIA_production-ISIS_Flames_of_War_Fighting_has_just_begun

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December 19, 2014 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Sony Hack Bears Hallmarks of U.S. Intelligence Operation!

Scientists Transplant Worm’s Mind into Robot ! Transhumanism & Immortality!

  • Published on Dec 17, 2014
    Scientists have successfully transferred the mind of a worm into a robot. Responding to stimuli the way a worm would, the robot is a first step towards transferring more complex consciouses.

  • The Transhumanist objective of “Soul Transfer” into another clone body or bio-android being is progressing rapidly. They want to be immortal gods!
  • Revelation 18:11-13 New King James Version (NKJV) 
    11
    “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:
    12
    merchandise of gold and silver, precious stones and pearls, fine …
    13
    and cinnamon and incense, fragrant oil and frankincense, wine and oil, …  and bodies and souls of men.

Top Transhumanist Claims He Will Become God and Kill Anyone Who Tries To Stop Him!!! 

http://www.joshuapress.com/key-issues/52-the-faces-of-origins-a-historical-survey-of-the-underlying-assumptions-from-the-early-church-to-the-twenty-first-century-9781894400589.html

Transhumanism is a growing philosophical movement among leading business leaders, scientists, artists, politicians and futurists. They believe that the future of humanity lies in a post-human world. In Becoming God, David Herbert traces the philosophic and scientific roots of this movement, through the changes brought with The Enlightenment, the Victorian era, religious humanism and secular humanism, leading to the rise of transhumanism. Profiling the key world figures in this movement—Ray Kurzweil, Aubrey de Grey, Kevin Warwick, Natasha Vita-More, Nigel Ackland, FM-2030 and others—he explores their views, both common and unique, on aspects of transhumanist philosophy. Click on image to goto website!

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December 19, 2014 Posted by | Science & Technology | , , , , | 1 Comment

The Monarchy – British VIP Pedophile Ring for Decades!

  • Published on Dec 18, 2014
    A “powerful elite” of at least 20 formed a VIP pedophile ring that abused children for decades in the UK, a former child protection officer has revealed.


    Whistleblower Peter McKelvie, who first raised the alarm about high profile individuals engaged in child sex abuse, said senior politicians, military figures and even people linked to the royal family are among the alleged abusers.

    McKelvie said that their campaign of abuse may have been going on for about 65 years, but “there has always been the cover-up and the collusion to prevent an investigation.”

    This edition of The Monarchy will investigate the issue and assess the newly uncovered allegations.
http://rt.com/uk/170672-uk-politicians-pedophile-ring/

This is a symptom of Satanism in corridors of power! Click on image for article!

http://childabuserecovery.com/eyewitnesses-testify-vatican-drug-cartels-trafficking-children-to-satan-worshipping-pedophiles-of-royal-families-corporate-heads-politicians/#.U9MeZNL2N2F

Click on image for article!

http://www.mirror.co.uk/news/uk-news/vip-paedophile-ring-abused-teenage-4721479

This is a sign of Satanism! Click on image for article!

http://www.dailymail.co.uk/news/article-2844765/Paedophile-orgies-luxury-flats-claims-three-boys-murdered-VIPs-Special-report-growing-stench-cover-Establishment.html

Paedophilia in corridors of power is usually a sign of Satanism. Click on image for article!

http://www.express.co.uk/posts/view/370439/Jimmy-Savile-was-part-of-satanic-ring

Click on image for article!

http://www.theguardian.com/media/2014/jan/18/jimmy-savile-abused-1000-victims-bbc

Click on image for article!

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December 19, 2014 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off on The Monarchy – British VIP Pedophile Ring for Decades!

Madonna “Illuminati” Song LEAKED! “Illuminati is the Truth and the Light” She Sings!

madonna_illuminati_pyramid

madonnas_homage_baphomet

The decor of Madonna's first performance combines elements from ancient Egypt, Sumeria and Babylon. Madonna herself is dressed in a way that highly resembles an Ancient Sumerian/Babylonian goddess, Inanna-Ishtar. Source: http://vigilantcitizen.com/

The decor of Madonna’s first performance combines elements from ancient Egypt, Sumeria and Babylon. Madonna herself is dressed in a way that highly resembles an Ancient Sumerian/Babylonian goddess, Inanna-Ishtar. Source: http://vigilantcitizen.com/

Statue of Liberty or Masonic Light Bearer ie Lucifer/Satan?

Statue of Liberty or Masonic Light Bearer ie Lucifer/Satan?

December 19, 2014 Posted by | Social Trends | , , , , , , , | Comments Off on Madonna “Illuminati” Song LEAKED! “Illuminati is the Truth and the Light” She Sings!

Sony Hack: False Flag EXPOSED – North Korea Framed? What Really Happened? And Who Did it?

  • IMO, all the recent news (see below) about North Korea hacking into Sony are WAR PROPAGANDA! It is executed by the psychological warfare departments of western Illuminist intelligence agencies: CIA, MI5/6, Mossad … The western Illuminati create enemies to herd the sheeple into genocidal wars of aggression. Who has the people of sufficient calibre to execute hacking? I don’t think you will find many (if any) in North Korea. These are abilities NOT TAUGHT in schools. Do you really think North Korea has the network infrastructure or software to execute a highly sophisticated hack attack? Think: No Such Agency!
  • I am not saying that Kim Jong Un is a good guy. He is an Illuminist puppet, IMO, ie. Satanist! But there is NO REASON to hate and kill all North Koreans. They are of NO THREAT to America.

    U.S. Sees North Korea as Culprit in Sony Hack!
    North Korea Behind Massive Cyber Attack Against Sony, Feds Say
    North Korean Role in Sony Hack Presents Quandary for U.S.
http://www.extremetech.com/extreme/196152-who-really-hacked-sony-pictures-it-probably-wasnt-north-korea

Click on image for article!

http://americanfreepress.net/?p=20355

Click on image for article!

CIA_PsyOps_Deception_William_Colby_Casey_James_Angleton

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December 19, 2014 Posted by | GeoPolitics | , , , , , , , , , , , | 1 Comment

Senate Sessions: Super-Elites (Illuminati) in Washington and Wall Street Dream of World Without Borders!

Talbot_Global_Government_destruction_of_national_Sovereignty

  • “These super-elites in Washington and Wall Street dream of a world without borders, a paradise where things like laws and rules and national boundaries can don’t get in the way of their grand chimera.  The only challenge these great global citizens face are these pesky people called voters, who cling to the old-fashioned idea of a nation as a home and a border as something real and worth protecting.” – Quote

  • Sen. Sessions: ‘Super-Elites in Washington and Wall Street Dream of World Without Borders’! 
    by http://cnsnews.com/ 
    In a speech delivered on the Senate floor Friday as the Senate was debating a 1,603-page government funding bill that will permit President Obama to spend tax dollars to implement his unilateral amnesty, Sen. Jeff Sessions (R.-Ala.) argued that trends in U.S. immigration and employment are depressing the job prospects and income of Americans.

    “This summer alone the White House met 20 times with business executives, amnesty lobbyists, immigration activists to craft their executive amnesty,” Sessions said.  “You know who wasn’t invited into that room? You, the American citizen.  You don’t get a say.

    “These super-elites in Washington and Wall Street dream of a world without borders,” said Sessions, “a paradise where things like laws and rules and national boundaries can don’t get in the way of their grand chimera.”

    Here is the text of Sen. Sessions’ speech:

    read more!

Professor_Toynbee_destroying_national_sovereignty

James_Warburg_CFR_World_Government

Chester_Ward_One_World_Government_CFR

Pope_JohnPaul2_One_World_Government

http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

Click on image for article!

http://americanfreepress.net/?p=1263

Click on image to goto article!

Luciferian_New_World_Order_Koch_n_Spangler

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December 19, 2014 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , , , | Comments Off on Senate Sessions: Super-Elites (Illuminati) in Washington and Wall Street Dream of World Without Borders!

There Is Hope In Understanding That A Great Economic Collapse Is Coming!

Global economic, financial and currency meltdown approaching!

Global economic, financial and currency meltdown approaching!

  • There Is Hope In Understanding That A Great Economic Collapse Is Coming! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all?  I think that virtually all of us have had dreams where we show up for an exam that we have not studied for.  Those dreams can be pretty terrifying.  And of course if you were ever in such a situation in real life, you probably did very, very poorly on that test.  The reason I have brought up this hypothetical is to make a point.  My point is that there is hope in understanding what is ahead of us, and there is hope in getting prepared.  Since I started The Economic Collapse Blog back in 2009, there have always been a few people that have accused me of spreading fear.  That frustrates me, because what I am actually doing is the exact opposite of that.  When a hurricane is approaching, is it “spreading fear” to tell people to board up their windows?  Of course not.  In fact, you just might save someone’s life.  Or if you were walking down the street one day and you saw someone that wasn’t looking and was about to step out into the road in front of a bus, what would the rational thing to do be?  Anyone that has any sense of compassion would yell out and warn that other person to stay back.  Yes, that other individual may be startled for a moment, but in the end you will be thanked warmly for saving that person from major injury or worse.  Well, as a nation we are about to be slammed by the hardest times that any of us have ever experienced.  If we care about those around us, we should be sounding the alarm.

    Since 2009, I have published 1,211 articles on the coming economic collapse on my website.  Some people assume that I must be filled with worry, bitterness and fear because I am constantly dealing with such deeply disturbing issues.

    But that is not the case at all.
    There is nothing that I lose sleep over, and I don’t spend my time worrying about anything.  Yes, my analysis of the global financial system has completely convinced me that an absolutely horrific economic collapse is in our future.  But understanding what is happening helps me to calmly make plans for the years ahead, and working hard to prepare for what is coming gives me hope that my family and I will be able to weather the storm.

    read more!
Global collapse super storm is coming! Graphic source: http://akhater.deviantart.com

Global collapse super storm is coming! Graphic source: http://akhater.deviantart.com

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December 19, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | 1 Comment

IMF Now Ready To Slam The Door On The U.S. And The Dollar!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article!

  • IMF Now Ready To Slam The Door On The U.S. And The Dollar! 
    by Brandon Smith, Activist Post 
    …  We expected such destabilization after the wrap-up of the Fed taper, and the markets have not disappointed so far. My position has always been that the taper of QE3 made very little sense in terms of maintaining the manipulated illusion of economic health — unless, of course, the Federal Reserve was implementing the taper in preparation for a renewed financial catastrophe. That is to say, the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming. If the markets were to collapse while stimulus is officially active, the tragedy would be forever a millstone on the necks of the banksters. And we can’t have that now, can we?

    This is not to say that individual central banks and even currencies are not expendable in the grand scheme of things. In fact, the long-term goal of globalists has been to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank For International Settlements, as I outlined in “The Economic Endgame Explained.”  

    The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, and I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills:

    And, most recently, we now know that international bankers control political legislation as well, as Congress passed with little resistance a bill that negates the Frank-Dodd restrictions on derivatives and places the U.S. taxpayers and account holders on the hook for more than $303 trillion in toxic debt instruments. The bill is, for all intents and purposes, a “bail-in” measure in disguise. And it was pushed through with the direct influence of JPMorgan Chase CEO Jamie Dimon.

    The Federal Reserve, the U.S. government and the dollar are as expendable to the elites as any other economic or political appendage. And it can be replaced at will with yet another illusory structure if this furthers their goal of total centralization. This has been done for centuries, and I fail to see why anyone would assume that globalists would change their tactics now to preserve the dollar system. They call it the “New World Order,” but it is really the same old-world monetary order out of chaos that has always been exploited. Enter the IMF’s old/new world vision.
    ….
    In articles over the past year, I have warned that the plan to dethrone the dollar and replace it with the special drawing rights basket currency system would be accelerated after it became clear that the U.S. Congress would refuse to pass the IMF reforms of 2010 proclaiming “inclusiveness” for developing economies, including the BRICS nations. The latest spending bill removed any mention of IMF reforms. The IMF, under Christine Lagarde, has insisted that if the U.S. did not approve its part of the reforms, the IMF would be forced to pursue a “Plan B” scenario. The details on this “plan B” have not been forthcoming, until now.

    The Financial Times reported on the IMF shift away from the U.S. by asserting the authority to remove the veto power America has always enjoyed over the institution. This action is a stark reminder to mainstream talking heads and to those who believe the U.S. is the core economic danger to the world that the IMF is NOT an extension of American policy. If anything, the IMF and the U.S. are extensions of international banking power, just as the BRICS are nothing more than puppets for the same self-serving financial oligarchy clamoring for the same IMF-controlled paradigm, as Vladimir Putin openly admitted:

    read more!

Carroll_Quigley_Tragedy_n_Hope2

http://thenewamerican.com/economy/economics/item/14579-killing-the-dollar-g20-imf-push-for-global-fed-global-currency

Click on image for article!

http://www.thenewamerican.com/economy/economics/item/4489-imf-report-promotes-world-currency

Click on image for article!

http://www.thenewamerican.com/economy/economics/item/4499-the-emerging-global-fed

Click on image for article!

http://www.thenewamerican.com/economy/economics/item/4498-waking-up-to-a-world-currency

Click on image for article!

Ron_Paul_Merger_of_ECB_FedRes_BOJ_WorldCentralBank

  • “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.

  • “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul
http://www.globalresearch.ca/the-financial-new-world-order-towards-a-global-currency-and-world-government

Click on image for article!

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December 19, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on IMF Now Ready To Slam The Door On The U.S. And The Dollar!

Western Bankers Have Committed Two Acts of War Against Russia!

WW3 is near?

WW3 is near?

  • Western Bankers Have Committed Two Acts of War Against Russia! 
    by , http://www.thecommonsenseshow.com/ 
    In the past several days, Western bankers have committed two overt acts of war against Russia, namely, the plunging of oil prices and the recent cutting off of all liquidity to Russian banks. This reminds me of the days before World War II in which the United States followed a doctrine called the eight point plan which was designed to provoke Japan into attacking America so Roosevelt could use this as the excuse to get involved in World War II. As Mark Twain once said, “history doesn’t repeat itself, but it sure does rhyme”.

    Ditching the Ruble
    Has the American public received any reasonable explanation on how oil prices have plummeted at a time of year when they historically spike in order to price gouge holiday travelers? Of course there isn’t going to be any new revelations on this point. Here is the real story behind dropping oil prices.

    Zero Hedge first reported  that brokers are now advising their clients that any existing Russian Ruble positions will be terminated without any further notice because of concerns related to the lack of Russian “capital controls”. At least that is the excuse that Western banks are using to run from the Ruble. The truth of the matter is that the West has declared war on Russia and its BRICS partners for undermining the Petrodollar.

    No Turning Back
    Ditching the Ruble marks a shift in Western banking strategy directed at the Russians. This change was necessitated because the West’s scheme to plunge the price of oil is not having an immediate effect on Russian economic actions. Although American consumers are reveling in their recent good fate with regard to the collapse of oil prices which have resulted in cheaper prices at the pump, there are some very dire consequences attached to American consumer’s good fortune.

    read more!
http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book!

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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December 19, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Russia Crisis Leaves Banks Around the World Exposed by the Billions!

Source: Capital Economics

Source: Capital Economics

  • Russia crisis leaves banks around the world exposed by the billions! 
    by http://rt.com/news/ 
    Major banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, according to a new study by Capital Economics.

    The ING Group in the Netherlands, Raiffeisen Bank in Austria, Societe General in France, UniCredit in Italy, and Commerzbank in Germany, have all faced significant losses in the wake of the ruble crisis. On Tuesday, the currency had its biggest fall in a decade and a half, losing 20 percent, nearing the 27 percent drop it experienced in 1998 that led to a default.

    Overall Societe General, known as Rosbank in the Russian market, has the most exposure at US$31 billion, or €25 billion, according to Citigroup Inc. analysts. This is equivalent to 62 percent of the Paris-based bank’s tangible equity, Bloomberg News reported.

    Following the drop, Raiffeisen, which has €15 billion at risk in Russia, saw its stocks plummeted more than 10 percent. Raiffeisen also has significant exposure in Ukraine, which is facing a similar currency sell-off as Russia.

    read more!

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December 19, 2014 Posted by | Economics | , , , , , , , , , , | Comments Off on Russia Crisis Leaves Banks Around the World Exposed by the Billions!