Socio-Economics History Blog
Socio-Economics History Blog
I have repeatedly asserted that most of the large western banks are bankrupt. The only reason they are still alive is because of fraudulent accounting. If a bank has liabilities/debts of US$100B and assets of US$100B, they are solvent. But when you examine the so-called assets the bank has, you realize that the assets are only worth US$20B …
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“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central …
I have been following the price of Rice on the CME and it is above US$17. It looks like it is heading towards US$21+, the 2008 highs. This does not bode well for Asia. Easy monetary policy (and the coming QE3) will lead to escalation in commodity prices. The food crisis that is coming will …
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=y0b2bEY8_iw] Jim Rickards: “As paper currencies collapse you have to go back to a gold stanndard !… implied price (for gold) is US$7000/oz” end
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The idea that France and Germany, the 2 biggest economies in the Eurozone, can bailout the PIIGS is ludicrous. Both countries will be bankrupt should they attempt to do so. A saner plan is to break up the Eurozone and allow countries to print their own currencies. Of course, this will be a step backwards for …
The sheeple are pretty much asleep despite all the warning signs. If things are getting better, why did Robert Zoellick head of the World Bank warned about ‘the global economy entering a new danger zone’? What happened during the past 2 weeks was only a 5.0 magnitude financial earthquake. The ‘quakes’ will get larger and …
[youtube=http://www.youtube.com/watch?v=NtdnZnizh6U] I will be conducting a book burning session for all Krugman’s economic books today. So much for monetary and Keynesian economics. Listening to Krugman, you can easily conclude that people who push ‘disaster economics’, ‘creative destruction economics’ are really nutjobs! People who say we need another world war to revive the world economy should …
[youtube=http://www.youtube.com/watch?v=iRzr1QU6K1o] Lying weasel Illuminist scum Nixon screwed all of us by removing gold backing for the USD. Since then, all fiat currencies are really a CONfidence Job! [youtube=http://www.youtube.com/watch?v=dPb-PN9F2Pc] Richard Nixon: “.. Bohemian Grove that I attend from time to time .. it is the most faggy goddamned thing you could ever imagine !” end
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[youtube=http://www.youtube.com/watch?v=HCvHn6JvsE0] Who are the ‘investors’ attacking the Eurozone, the banks…? Illuminist banksters who engineered this crisis! They will make trillions when the Eurozone collapse! end
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=kyDGDjAyx6A] Bob Chapman : The Banks are stepping all over silver, JPM upgraded its forecast for gold to $2500/oz before the end of the year , I have been in this business for 52 and half year, , when Morgan does that it means that they want to stop the movement upward for gold towards …
[vodpod id=Video.14931614&w=425&h=380&fv=] The people who caused this sovereign debt crisis are Illuminist banksters. The people attacking the PIIGS are the same Illuminist banksters, Illuminist owned hedge funds…etc. What the financial MSM say is that ‘investors, speculators..’ unknown, disparate entities are bringing the Eurozone and America down. Hogwash! The people controlling the entire situation are Illuminists. From the Illuminist owned central banks: …
[vodpod id=Video.14930809&w=425&h=380&fv=] The FedRes will definitely embark on QE3! What you are witnessing is the engineering of a crisis to influence the sheeple that QE3 is good for America and the world. The Illuminists are social engineers. They know that the sheeple are easily deceived and manipulated. They do not hide the truth but sell 9 plausible lies for …
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[vodpod id=Video.14907022&w=425&h=380&fv=] The world is witnessing the death throes of the financial and monetary system. More volatility is coming. Gold is going to rocket above US$2,000/oz easily within the next 6 months! end
[vodpod id=Video.14907005&w=425&h=380&fv=] With so much liquidity in the market, QE3 will cause hyperinflation worldwide! This crisis is not a liquidity problem. It is a solvency problem! end
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[youtube=http://www.youtube.com/watch?v=h57oX2TAK7w] Bob Chapman : Obama will become a dictator , , they want to destroy social security and medicare calling them entitlement even though we paid for them the money that was paid in was stolen ….. we are bankrupt most of the banks are bankrupt the only thing you can invest in is Gold …
