Socio-Economics History Blog

Socio-Economics & History Commentary

Is Boko Haram a CIA Covert Op to Divide and Conquer Africa?

US AFRICOM - African Command ! Invasion begins!

US AFRICOM – African Command ! Invasion begins!

  • The Pentagram needs a pretext for the invasion and conquest of Africa via their AFRICOM arm. First they create the problem, then they ride in, pretending to be saviors, as the solution to the problem. Yes! Boko Haram is a CIA operation. The process is called the Hegelian Dialectic employing the Satanic: Order Out of Chaos philosophy.
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  • Is Boko Haram a CIA Covert Op to Divide and Conquer Africa? 
    by Julie Lévesque, http://www.globalresearch.ca/ 
    The objectives of the US military presence in Africa are well documented: counter Chinese influence and control strategic locations and natural resources including oil reserves. This was confirmed more than 8 years ago by the US State Department:
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    In 2007, US State Department advisor Dr. J. Peter Pham commented on AFRICOM’s strategic objectives of “protecting access to hydrocarbons and other strategic resources which Africa has in abundance, a task which includes ensuring against the vulnerability of those natural riches and ensuring that no other interested third parties, such as China, India, Japan, or Russia, obtain monopolies or preferential treatment.” (Nile Bowie, CIA Covert Ops in Nigeria: Fertile Ground for US Sponsored Balkanization Global Research, 11 April 2012)
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    At the beginning of February,  AFRICOM’s “head General David Rodriguez called for a large-scale US-led ‘counterinsurgency’ campaign against groups in West Africa during remarks at the Center for Strategic and International Studies in Washington, DC:
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    In similar remarks at a the US Army West Point academy last week, US Special Operations Command (SOCOM) chief General Joseph Votel said that US commando teams must prepare for new deployments against Boko Haram and the Islamic State. ” (Thomas Gaist, US AFRICOM Commander Calls for “Huge” Military Campaign in West Africa, World Socialist Web Site, February 02, 2015)
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    Mark P. Fancher highlighted the hypocrisy and the “imperialist arrogance” of western countries, which “notwithstanding the universal condemnation of colonialism”, are evermore willing “to publicly declare (without apologies) their plans to expand and coordinate their military presence in Africa.” (Mark P. Fancher, Arrogant Western Military Coordination and the New/Old Threat to Africa, Black Agenda Report, 4 February 2015)
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    Now more troops from Benin, Cameroon, Niger, Nigeria and Chad are being sent to fight against Boko Haram.
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    This new war on yet another shadowy terrorist entity in Africa is reminiscent of the failed Kony 2012 propaganda campaign cloaked in humanitarian ideals. It is used as a smoke screen to avoid addressing the issue of the victims of the war on terror, the real causes of terrorism and to justify another military invasion. It is true that Boko Haram makes victims, however the goal of Western intervention in Africa is not to come to their rescue.
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    The deadliest conflict in the world since the Second World War and still raging is happening in Congo and the Western elite and its media couldn’t care less. That alone shows that military interventions are not intended to save lives.
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    To understand why the media focuses on Boko Haram, we need to know what it is and who is behind it.  What is the underlying context, what interests are being served?
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    Is Boko Haram another US clandestine operation?
    Boko Haram is based in northeast Nigeria, the most populated country and largest economy in Africa. Nigeria is the largest oil producer of the continent with 3.4% of the World’s  reserves of crude oil.

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    read more!
http://www.globalresearch.ca/towards-the-conquest-of-africa-the-pentagon-s-africom-and-the-war-against-libya/24171

Click on image for article!

http://allafrica.com/stories/200908140153.html

Click on image for article!

http://www.presstv.com/detail/2013/03/07/292298/africom-and-the-recolonization-of-africa/

Click on image for article!

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February 18, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Welcome to World War Three!

World War 3 Coming Soon Nuclear Blast

  • Welcome to World War Three
    by James Howard Kunstler, http://kunstler.com/ 
    In case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” Those gouts of blood spilled on a Libyan beach amount to ISIL’s welcome mat to the mass execution of the Euro-American west. The dignity of a funeral is not even on the program.

    What we’ve got now with apocalyptic Jihadism spreading clear across the region from Pakistan to Morocco, and Europe blandly ignoring it across the Mediterranean, is an epochal face-off that will change the world. It comes at an odd moment in history, namely as the massive oil wealth of the Middle East and North Africa enters decline. It was that oil wealth that provoked a population spike in a desolate corner of the planet the past century.
    ….
    Partly what you’re seeing over there is an internal fight to control what’s left of the treasure. That battle has already had the strange consequence of disabling the oil production capacity in places like Iraq and Libya, where there is still a lot of oil, but not enough political stability to allow the complicated business of extraction and transport to take place. What’s more there has also been tremendous damage to the oil infrastructure in these places, some from deliberate sabotage, some from shelling and bombing, and a lot from sheer neglect and deferred maintenance. Oil refineries and transport terminals are very delicate machines that require constant loving care.

    It’s self-evident now that ISIL would like to control as much of the remaining oil wealth as possible — though I doubt they have the competence to run it for long even if they appear to control the terrain. The Euro-American west always has the option of completing the destruction with bombs and missiles, but then they would also be destroying their own future oil supplies and hence their modern industrial economies.

    The Big Prize, of course, is the grand fortress of Saudi Arabia. The kingdom is surrounded by Islamic maniacs now, with Yemen recently fallen to the south, the ever-hostile Iranian Shi’a across the Persian Gulf, disintegrating Iraq and Syria to the north, and the festering human compost heap of Egypt and then Libya across the Red Sea. And, of course, along the saddle of the Levant there is Israel with all its enemies and problems. Arabia has a new King, 79, rumored to be weak in the head. …. If Saudi Arabia falls apart, it’s game over for modern life as the West has known it (and much of Asia now, too).

    The USA, meanwhile, has managed to embroil itself in a completely unnecessary and idiotic struggle over Ukraine, a place of no real strategic importance to us. And in doing so we’ve managed to alienate perhaps the one nation with the will and the motivation to oppose Jihadism, namely Russia, with its vast southern border facing the immensity of Islamic Central Asia.

    Europe, meanwhile, is preoccupied playing games with itself over money. Today is supposedly crunch time for Greece. The so-called Troika — the European Central Bank, The European Union bureaucrats, and the International Monetary Fund — still expects Greece to continue to pretend to pay back its debt. That’s been the meaning of “austerity” until now. But Europe is a gigantic debt minefield that no one can really walk across. Other parts of it than Greece are just waiting to blow up, and will, and it’s unclear whether Europe is even paying attention to the blood-red welcome mat that was laid out in Libya last weekend. The true meaning of “austerity” will become clear when Europe finds itself forced to fight World War Three at the same time that its banking system implodes.
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    read more!

ALBERT_PIKE_THIRD_WORLD_WAR_WW3

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February 17, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr Jim Willie: Death of PetroDollar!

  • Dr. Jim Willie Webinar begins at the 49 minutes mark.
  • Published on Feb 12, 2015
    .. covered the Swiss Franc currency situation, the Ukraine War hidden motives, factors surrounding the death of the Petro-Dollar, and several questions from the audience.
    http://goldenjackass.com/

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February 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Man Asked To Speak To Chinese Officials Warns West Desperate Ahead Of Chaos, Disarray And Outright War!

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

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

  • Man Asked To Speak To Chinese Officials Warns West Desperate Ahead Of Chaos, Disarray And Outright War! 
    by http://www.kingworldnews.com
    Today a legend who was recently asked by the Chinese government to give a speech to a large number of government officials in China warned King World News that the West is now desperately maneuvering ahead of major global turoil.  John Ing, who has been in the business for 43 years, also warned about chaos, disarray and outright war.

    Eric King:  “Eric Sprott told KWN today that things are already blowing up in the derivatives market but it is being hidden from the public.”

    John Ing:  “There is no question that there are other shoes to drop.  The banking sector is heavily exposed through derivatives to so many volatile markets….

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    “Banks also have huge exposure through derivatives and direct loans to the oil sector and we already know the price of oil has recently collapsed.  
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    Oil companies and the loans to these companies are already under water and we don’t know what type of chaos is going on underneath the surface in the opaque derivatives arena.
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    Chaos, Disarray And Outright War
    ….
    A Greek default would send shockwaves through Europe’s already beleaguered banking system.  And this is at a time when we already have bank runs going on in Greece.  What happens if this erupts in the rest of the European banking system?

    read more!

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February 9, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

U.S. Oil Suppression Used To Put Pressure On Russia To Abandon Support For Assad !

  • Published on Feb 4, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.04.2015
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    The new Greek government vows not to ratify the TTIP. ADP misses as layoffs begin. Baltic Dry Index declines once again. S&P downgrades European banks and Gazprom. Meanwhile the new Chinese credit agency gives Gazprom a AAA rating. The oil suppression is all about putting pressure on Russia to stop supporting Assad. OPEC sees oil prices skyrocketing to $200 a barrel very soon. Venezuela coup d’etat is being pushed by the US. Jordan is back in the game to fight the Islamic State and they want to put troops on the ground. There are 10 steps to close down a society and the Central bankers/US government are now very close to implementing all 10.

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February 5, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Another Conspiracy Theory Becomes Fact: The Entire Oil Collapse Is All About Crushing Russian Control Over Syria!

How_do_I_wake_these_stupid_Sheeple

  • Another Conspiracy Theory Becomes Fact: The Entire Oil Collapse Is All About Crushing Russian Control Over Syria! 
    by Tyler Durden, http://www.zerohedge.com
    While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of demand there, or if it is all just a mechanical squeeze by momentum-chasing HFT algos who also know to buy in the milliseconds before 2:30pm, we bring readers’ attention back to what several months ago was debunked as a deep conspiracy theory.
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    Back then we wrote about a certain visit by John Kerry to Saudi Arabia, on September 11 of all days, to negotiate a secret deal with the now late King Abdullah so as to get a “green light” in order “to launch its airstrikes against ISIS, or rather, parts of Iraq and Syria. And, not surprising, it is once again Assad whose fate was the bargaining chip to get the Saudis on the US’ side, because in order to launch the incursion into Syrian sovereign territory, it “took months of behind-the-scenes work by the U.S. and Arab leaders, who agreed on the need to cooperate against Islamic State, but not how or when. The process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority.
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    read more!

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February 4, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Jim Willie: Systemic Breakdown of Financial System, Shemitah 7 Year Cycle, Global Collapse, Global Currency Reset …

  • Jim Willie: Systemic Breakdown of Financial System, Global Collapse And Global Currency Reset! 
    by https://www.perpetualassets.com/ 
    Will Lehr of Perpetual Assets Interviews Jim Willie, The Golden Jackass, editor of the Hat Trick Letter
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    My buddy the Golden Jackass is back, diving deep into the abyss of all matters financial and geopolitical. Join us for well over an hour of analyzation of the events of today.
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    In the first half of the interview we cover the 10 most critical developments of 2015, and it’s only February. Typically any one of these events would be big enough to make annual headlines. These have all occurred in a matter of 3 weeks!
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    Jim makes a big call regarding Germany’s ‘stance’ in the dollar demise. We cover everything from underwater prisons to new energy technology. The doctor even gives us a lesson on statistical probability as it pertains to global collapse events and government propaganda statistics. From Greek pipelines to the Shemitah cycle of financial crises we cover broad topics with just enough depth to engage your curiosity.
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    2015 Bombshell events listed in chronological order:
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    Russia jumped off the Petro-Dollar recycle wagon
    The Swiss removed the 120 Euro peg to their Franc currency
    The Greeks have prepared to exit the European Union and to default on debt
    The Euro Central Bank announced details on their newest QE tampering
    King Abdullah died and the transition for the royal family begins
    Merkel has offered a trade union proposal to Russia, which discards the US-led TTIP trade pact
    The German watchdog financial cop BaFin found no improper manipulation in the gold market
    The Swiss have set up a major RMB trading center in Zurich
    The details for Gazprom pipeline extension through Turkey have been revealed
    The USEconomy had an enormous miss in expected Durable Good orders

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February 3, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: World War III Has Started !

  • Gregory Mannarino: World War III Has Started ! 
    by Greg Hunter’s USAWatchdog.com
    Analyst and trader Gregory Mannarino says, “We are deeply engaged in an economic war against Russia.  This is a collective collusion that is very scary.  We just found out the OPEC nations have increased their production of oil despite the fact that we’ve seen crude oil fall 60% or more from its high.  Does that make any sense?  This should not happen.  They are going to increase production when the price is falling off a cliff.  OPEC has made it clear for many years now they think $100 a barrel is a fair price.  This is being done on purpose to punish the Russian economy.  This is economic warfare 101, and it’s going to lead to a shooting war.  Not only is it going to lead to a shooting war, this is the grand plan. . . . What people need to understand is the collapse is here now.  World War III has started, so this is it people.  There is no more waiting.

    Mannarino goes on to say, “We are watching epic events occur.  People have been saying for years, where is the collapse, where is it?  It’s now.  Look at the actions of the world central banks.  They are becoming more and more desperate.  They are slashing interest rates, and there are negative interest rates.  The Federal Reserve will follow suit despite the garbage that is coming out from the Federal Reserve Governors; it’s nonsense.  There is no possible way they can raise rates.”

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    Mannarino contends, “Once a fiat system is adopted, it starts to die right from the beginning, and we are at the end of this cycle.  We are witnessing the end of this cycle.   This event that we are watching happen, and we can see it unfolding by the actions of the world central banks, this is cracks in the debt bubble.  This event is going to create a resource issue on a scale that is unimaginable. So, we are witnessing the collapse of this system now . . . so, they are going to incite a war.   They need to incite a war to begin the blame game.  The Russians are going to blame the United States.  The United States is going to blame Russia for the collapse of the monetary system.  This is all they are doing.  They are looking for a scapegoat here, and the war is going to be the scapegoat.”
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    On the so-called “recovery” the mainstream media keeps harping on, Mannarino says, “The most important thing is to look at the bond market.  What we are witnessing now is a flattening of the yield curve.  This is a big tell as to where the economy is going here in the United States.  The narrative from the mainstream media is we are in an economic boom.  Everything is just great here.  If that we’re the truth, we would not see the yield curve becoming flat like this.  This is huge.  This is the bond market talking.  It’s saying, hey everyone what the mainstream media is telling you about an economic recovery is not true.  A flattening yield curve is a bad omen of bad economic times ahead.”
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    read more!
http://rt.com/news/203055-us-russia-war-chomsky/

Click on image for article!

http://www.presstv.com/detail/2014/09/13/378630/piecemeal-wwiii-may-have-begun-pope/

Click on image for article!

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February 3, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: US Dollar Will Not Survive 2015!

PetroDollar is dying!

PetroDollar is dying!

  • Jim Willie: US Dollar Will Not Survive 2015!! 
    by http://www.silverdoctors.com/ 
    Summary
    The forecast for fast acceleration of events into the January month has occurred on schedule.  Normally a very big event occurs every several weeks, or every few months.  In just the last three weeks, ten have taken place of significance.
    The pace has quickened in an alarming fashion. The Great Quickening has commenced.
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    Something big, ugly, and nasty this way comes.
    The disruptive events and pace of systemic breakdown are surely going to continue.  The year will go down in history as extremely messy, extremely chaotic, and extremely important in the demise of the USDollar.

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    Check the 7-year cycle for an amazing sequence that goes back to the 1973 Arab Oil Embargo, the 1980 Gold & Silver Hunt Brothers peak, the 1987 Black Monday, the 1994 Irrational Exuberance with ensuing Asian Meltdown, the 2001 Inside 9/11 Job, and the 2008 Lehman failure.
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    The Year 2015 will be known for the USDollar demise with full fireworks.
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    With the acceleration of events in progress and in view, the pressures will grow against the entire King Dollar Court, the corrupt fortresses in Wall Street and London Centre, the crime syndicate hive.
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    The USDollar will not survive the year.

    By Jim WillieGoldenJackass.com 

    In the closing months of 2014, on numerous occasions the position was put forth that as the days of January stacked up, toward the end of the month and going into February, that the global financial structures would show severe strain, widespread disruptions, and possible signs of cracks in breakdown. The forecasts were clearly stated and repeated. Even the present flow of events has been shocking, despite the expectation.
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    The forecast certainly has proven correct.
    The disruptive events and pace of systemic breakdown are surely going to continue. The year will go down in history as extremely messy, extremely chaotic, and extremely important in the demise of the USDollar.
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    Check the 7-year cycle for an amazing sequence that goes back to the 1973 Arab Oil Embargo, the 1980 Gold & Silver Hunt Brothers peak, the 1987 Black Monday, the 1994 Irrational Exuberance with ensuing Asian Meltdown, the 2001 Inside 9/11 Job, and the 2008 Lehman failure. The Year 2015 will be known for the USDollar demise with full fireworks, set up with Ukraine and the European repeat of Waterloo. A quickening pace of events is highly indicative in two natural types in nature, namely the lead up to a natural earthquake, and the lead up to a human childbirth.
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    KEY ACCELERANT EVENTS
    The forecast about fast acceleration of events into the January month has occurred on schedule. Normally a very big event occurs every several weeks, or every few months. In just the last three weeks ten have taken place of significance. The pace has quickened in an alarming fashion. The Great Quickening has commenced. Something big ugly and nasty this way comes. The events are worth emphasis, since each has enormous implications and fallout.

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    read more!

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January 29, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: The End of the American Empire – Big, Powerful, Nasty & Ugly Days Ahead !

  • Jim Willie – The End of the American Empire: Big, Powerful, Nasty & Ugly Days Ahead
    by http://www.oneradionetwork.com/ 
    Show Highlights:
    - Willie says there is a strong contingent of powerful “Good Guys” ex military who are tired of the status quo; and there are extremely wealthy Chinese Elders who are sick and tired of “The Boys” andtheir destruction of the Planet.

    - There are three major factions who run the world….for now; who are they?
    - Germany is actively looking for credible ways to exit the Euro Zone, political and currency
    - The dollar is losing market share, as we speak, with the emergence with BRICS
    - The amount of gold Russia and China has will curl your hair
    - The U.S. is out of gold
    - Putin kicked the Rothchild’s out of Russia a few years ago
    - The Vatican is loaded with assets on all levels and it goes back over a thousand years
    - Willie explains how oil got to $45 a barrel today
    - It’s all about derivatives and not supply and demand for all major assets
    - Just how did the Swiss pull off keeping the Euro peg for the last three years
    - The dollar may have strong numbers today but is weak at heart
    - Willie’s take on ISIS, their origin and what they are up to
    - The Global Currency Reset is real and in motion
    - There will be a new, improved dollar someday that will be as worthless as the current one
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    and so much more!

  • To download the MP3 audio files click here: Hour 1,   Hour 2  .

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January 28, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Israel’s President Refuses to Meet Obama, White House Says Netanyahu ‘Spat In Our Face’!

  • Published on Jan 25, 2015
    While Obama is doing everything in his power to show that when it comes to commiserating with the Saudis, he is first in line, the US relationship with that “other” US ally in the region, Israel, is in a fast and furious state of “crash and burn.”

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    Recall, that it was yesterday when it was revealed that President Obama will forgo a visit to the Taj Mahal during his visit to India in order to pay respects in Saudi Arabia after the death of King Abdullah, the White House announced early Saturday morning. Vice President Biden was initially scheduled to lead the U.S. delegation, but he will instead now remain in Washington and Obama will add the stop onto his return from India, where Obama is concluding his trip to “foster economic ties with the nation.”
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    This, in turn, takes place a day after Obama announced he would not meet Israel’s prime minister when he visits Washington in March, the White House said on Thursday, after being blindsided by the Republicans’ invitation to Benjamin Netanyahu to address the U.S. Congress on Iran.
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    http://www.zerohedge.com/news/2015-01…
Not only is he NUTS, he is genocidally insane and a pathological liar ! Graphic source: http://whatreallyhappened.com/

Not only is he NUTS, he is genocidally insane and a pathological liar ! Graphic source: http://whatreallyhappened.com/

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January 27, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | 1 Comment

The Terrifying $250 Trillion Time Bomb, Gold And Escalating Currency Wars!

WarrenBuffet-Financial_Derivatives_r_WMD_n_time_bombs_for_the_economic_system

  • The Terrifying $250 Trillion Time Bomb, Gold And Escalating Currency Wars! 
    by http://www.kingworldnews.com
    Today a legend who was recently asked by the Chinese government to give a speech to government officials in China sent King World News a powerful piece that warns about a terrifying $250 trillion time bomb.  John Ing, who has been in the business for 43 years, also discussed parallels to the Great Depression, gold, and escalating currency wars.
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    By John Ing of Maison Placements
    January 24 (King World News) – Ireland, Italy and Portugal all have public debt to GDP ratios in excess of 125 percent. European growth is anemic. Rhetoric has not matched the reality. Greece faced yet another election and Greek shares plunged over fears of a Grexit, reminiscent of only four years ago. The reality is that Greece and the other Eurozone members only deferred their problems while their debt crept higher.

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    Central banks should be listened to but investors would be wise to follow their actions, not their rhetoric. The slump in oil prices, and easing of German inflation has prompted the European Central Bank to conjure new euros to buy bonds with newly minted money despite the lowest returns ever. The successive rounds of money creation are to be shoveled into the system.
    ….
    Terrifying $250 Trillion Time Bomb
    The successive rounds of money creation are to be shoveled into the system. Negative interest rates exist in Switzerland, Germany and Japan reminiscent of the Great Depression. Money is not money any more. Sub-zero interest rates are the norm. We believe that sooner or later, there will be a need for money and rather than a mass produced fiat currency, capital will flow to that store of value that can be created without a push of the button.
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    Another problem is that the collapse in oil prices has raised risks in the world’s interconnected financial system. The world’s biggest banks possess some $250 trillion of energy exposure which are mismatched while leverage remains high. Russia’s central bank has already bailed out a mid-sized lender and the country faces a repeat of the late nineties when it defaulted on its obligations despite some $400 billion of foreign exchange reserves. Can the ruble go lower?
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    read more!

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January 26, 2015 Posted by | Economics | , , , , , , , , , , , , , , , , , | 1 Comment

Putin Draws Line In The Sand As West’s Major Oil Companies Push For War!

World_War_3 Russia US NATO

  • Putin Draws Line In The Sand As West’s Major Oil Companies Push For War! 
    by http://www.kingworldnews.com
    After back-to-back weeks of historic announcements that rocked the global markets, today a 41-year market veteran sent King World News an incredibly powerful piece that warns Russian President Vladimir Putin has drawn a line in the sand, as the West’s major oil companies are pushing for war.

    By 41-Year Market Veteran Bill Haynes
    January 26 (King World News) – Almost unreported in the United States is talk of shutting Russia out of the SWIFT banking payment system.  This would be the harshest sanction for Russia’s support of the separatist rebels in Ukraine.  SWIFT is the means by which banks move money around the world….

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    Shutting Iran out of SWIFT was a devastating blow to the Iranian economy, and denying Russia access to SWIFT could deliver a deadly blow to the already reeling Russian economy, suffering from the double whammy of US-led sanctions and oil prices cut in half over the last six months.
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    On The Verge Of War
    The chief executive of Russia’s second largest bank, speaking at the World Economic Conference in Davos, Switzerland, said, “If there is no SWIFT, there is no banking . . . relationship.  It means that the countries are on the verge of war, or they are definitely in a cold war.  The next day, the Russian and American ambassadors would have to leave the capitals.”
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    read more!
http://rt.com/business/211291-swift-banking-russia-vtb/

Monetary and financial WW3 has already started ! Click on image for article!

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January 26, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | 2 Comments

World To Plunge Into Total Chaos And Panic In 2015!

Global economic, financial and currency collapse fast approaching!

Global economic, financial and currency collapse fast approaching!

  • World To Plunge Into Total Chaos And Panic In 2015! 
    by http://www.kingworldnews.com
    Today a legend who was recently asked by the Chinese government to give a speech to a large number of government officials in China warned King World News that the world is going to plunge into total chaos and panic in 2015.  John Ing, who has been in the business for 43 years, takes KWN readers on a trip down the rabbit hole of governent theft of assets, and central bank lies and corruption.  He also made a stunning prediction about gold.

    Eric King:  “John, you warned King World News on January 12th, ahead of the euro collapsing against the Swiss franc, that there would be a series of cascading global defaults.  It was amazing timing on your part.  What is going to happen now?”

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    John Ing:  “The Swiss move shocked the currency markets.  This was just days after promising they would keep the peg.  The bottom line is central banks can’t be trusted and the central banks are now involved in open financial warfare….
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    Eric King:  “John, you made the call for a cascading series of global defaults ahead of the stunning move by the Swiss that put some currency houses and hedge funds out of business overnight.  Now you are saying central banks are involved in open financial warfare.  What is your visions of how this will unfold, because you warned in your previous interview that this would be worse than the collapse of 2008.”
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    Ing:  “When Lehman kicked off the collapse that accelerated in 2008, the printed money was used to bailout Wall Street.  But today Wall Street is even more leveraged.  The biggest banks possess a staggering $250 trillion worth of energy exposure, which is highly mismatched.  So the astonishing leverage today is even higher than it was in 2007.
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    read more!

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January 24, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | 1 Comment

A Perfect Storm: Brace Yourself for an Epic Economic Meltdown!

Global Super Storm meltdown??

Global Super Storm meltdown??

  • A Perfect Storm: Brace Yourself for an Epic Economic Meltdown! 
    by James Rickards, http://dailyreckoning.com/ 
    Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown.
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    Circumstances lead me to believe it could play out like the meltdown I experienced in 1998 after Long-Term Capital Management (LTCM) failed. This time, however, there will be several crucial differences that will leave investors and regulators unprepared.
    -
    In fact, last week, I held a live intelligence briefing called The Perfect Storm: A 1998 Redux to alert Strategic Intelligence readers to the dangers. But what I didn’t mention during the briefing were the two intelligence triggers I used to support my outlook.
    ….
    In 1998, a financial panic almost destroyed global capital markets. It started in Thailand in June 1997 and then spread to Indonesia and Korea. By the summer of 1998, Russia had defaulted on its debt and its currency collapsed. The resulting liquidity crisis caused massive losses at hedge fund Long-Term Capital Management.
    -
    I know about the losses because I was there. As LTCM’s lead counsel, I was at every executive committee meeting during the height of the crisis that August and September. We were losing hundreds of millions of dollars per day. Total losses over the two-month span were almost $4 billion. But that wasn’t the most dangerous part.
    -
    Our losses were trivial compared with to the $1 trillion of derivatives trades we had on our books with the biggest Wall Street banks. If LTCM failed, those trillion dollars of trades would not have paid off and the Wall Street banks would have fallen like dominoes. Global markets would have completely collapsed. 

    The next financial collapse, already on our radar screen, will not come from hedge funds or home mortgages. It will come from junk bonds, especially energy-related and emerging-market corporate debt.

    -
    The Financial Times recently estimated that the total amount of energy-related corporate debt issued from 2009-2014 for exploration and development is over $5 trillion. Meanwhile, the Bank for International Settlements recently estimated that the total amount of emerging-market dollar-denominated corporate debt is over $9 trillion.

    Energy-sector debt has been called into question because of the collapse of oil prices. And emerging markets debt has been called into question because of a global growth slowdown, global deflation, and the strong dollar.

    -
    The result is a $14 trillion pile of corporate debt that cannot possibly be repaid or rolled over under current economic conditions. Not all of this debt will default, but a lot of it will. Most of the energy related debt was issued in the expectation that oil would remain in the $80 to $130 dollar per barrel range
    -

    read more!

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January 22, 2015 Posted by | Economics | , , , , , , , | 1 Comment

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