Economic News Update - Video Report Mar. 30, 2012

• THE FALL OF THE BEHEMOTHS: US, EU, Japan and China

This update provides evidence that the four pillars of the Global Economy - the US, EU, Japan and China all have serious problems that cannot be resolved nor any actions being taken to resolve them. On the contrary everything that the Powers that Be are doing will greatly exacerbate the problems and will end in a complete collapse of the Global Economy.

BRICS driving more nails into coffin of US dollar as world's Reserve Currency

The Day The Dollar Died - 2012 US Financial meltdown?

Blogman's Notes:


The scenario presented in the above video is fictional but based on fact; something along the lines shown in the video will develop in the near future, possibly in 2012. More and more evidence emerges that the reign of the US dollar as the world's Reserve Currency is rapidly coming to an end. If it wasn't for the Federal Reserve, the ECB and pretty much the Central Banks of all major countries in the world printing up enough money to fill the Solar System, maybe even the Milky Way, the System would have crashed so hard that it would have taken the world back to the Stone Age. The Central bankers are congratulating themselves that they have saved the System but before we pop the champagne and bring out the caviar, let us remind ourselves that these are the same people that told us constantly that there was no problem to begin with. Time magazine even credited Alan Greenspan with having saved the Economy but shortly after he left, we saw the biggest implosion of the Economy since the Great Depression. So congratulations that the Economy has been saved and we are in recovery are premature; the collapse is coming, there is no way to avoid it. All that has happened is that the collapse has been delayed not prevented. The much hyped solution of continued printing of money to infinity is total insanity! The implications of this may not be readily apparent to the masses but they are apparent to the Financial authorities of developing countries who do not benefit from the policies of the Western banksters like Ben Bernanke; on the contrary the policies enacted in New York, Washington, London and Brussels negatively impact these exporting nations; these policies bring high inflation to these nations and they are not too happy about it. So the BRICS nations (Brazil, Russia, India, China and South Africa) met in New Delhi this week and have agreed to further cut their ties with the US dollar. This is a another nail in the coffin of the US dollar, and it is a big one. I believe we will see the demise of the US dollar as the world's Reserve Currency gather pace and events will develop faster and faster that will cause its ultimate demise in the not too distant future. The following report from Reuters confirms that the BRICS, the most important group of nations, outside of the EU and the US, from an Economic perspective, will dump the dollar in trade amongst themselves. And as Iran, the third largest producer of oil in the world is cut off from the Global banking system, hundreds of billions more dollars will no long pass through the System that keeps the US dollar afloat. These developments are not insignificant even though the American and Western media will continue to lie and tell their citizens that a recovery is on going when in fact a full blown collapse is being signaled by the rest of the world through their actions not just their words. Sanctions on Iran are an act of Economic suicide for both the EU and the US, so why would they engage in such acts of madness? Could the answer lie in the fact that the Megalomaniacs that run the world, the royalty and corporate / military elites of this world want to destroy the present world to raise another one from its ashes according to their own diabolical plans? It is of little concern to them that the destruction of the present Global Economic System will certainly lead to Global warfare, and to famine and even disease outbreaks that always follow times of war such as the Spanish flu pandemic of 1918 that followed World War 1. It is of little concern to them that in a world where supplies of energy and food are already constrained, these actions will lead to the deaths of billions, but perhaps that is what they desire to see - a world rid of most of those that the elite classify as 'Useless Eaters'! With earthquakes and other natural disasters at an all time high are we approaching the days of the fulfillment of the End of the world prophecies? The odds are very high indeed that we are approaching those days and in my estimation, the collapse of the dollar is the trigger that will launch wars and famines and pestilences even as the world is being devastated by mega earthquakes and other catastrophes. There are yet 9 months to go in 2012 and the world may indeed see the beginning of its end before we see the end of the year! The time of 'SORROWS' is at hand; do not be fooled into believing that the Economy has entered into a recovery, that everything will be well with the  world just because some lying banker or politician stands up and tell us that it will be so.

Matthew 24:3-8

3And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?

 4And Jesus answered and said unto them, Take heed that no man deceive you.

 5For many shall come in my name, saying, I am Christ; and shall deceive many.

 6And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.

 7For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.

 8All these are the beginning of sorrows.

• BRICS flay West over IMF reform, monetary policy

(Reuters) - Leaders of the BRICS group of emerging market nations pressed Western powers to cede more voting rights at the IMF this year and flayed the rich world's reflationary monetary policies for putting global economic stability in jeopardy.

"This dynamic process of reform is necessary to ensure the legitimacy and effectiveness of the Fund," Brazil, Russia, India, China and South Africa said in a joint declaration after their one-day summit in New Delhi.

The five BRICS nations, which collectively account for nearly half the world's population and a fifth of its economic output, signed an agreement to extend credit facilities in their local currencies, a step aimed at reducing the role of the dollar in trade between them.

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Peter Schiff: Market-Crushing Treasury Collapse to Hit Around 2013

From Forbes.com 

Peter Schiff, the divisive investor and commentator that predicted the subprime/real-estate bubble, is forecasting a U.S. dollar and bond crisis over the next couple of years.  Schiff blames intervened bond markets, where rates are artificially and excessively low, and expects the coming crisis to blow the 2008-9 financial crisis out of the water.

There is little doubt that the Federal Reserve, with Chairman Ben Bernanke at the helm, is holding markets by the hand.  Bernanke, himself a divisive figure, has done all he can to push interest rates lower, using quantitative easing and Operation Twist once nominal rates had hit the zero-range.  While many believe ultra-loose monetary policy is dangerous, Schiff thinks it will lead to a catastrophic correction.

The controversial investor and commentator expects a massive crash over the next two to three years as a bond market bubble, coupled with the U.S. dollar, collapses under the weight of excessive debt.  Schiff, like PIMCO’s Bill Gross, doesn’t believe in the current deleveraging cycle.  While households have reduced their leverage, government debt has ballooned on the back of stimulus programs, but, argued Schiff, the government’s debt is the people’s debt, thus overall leverage has actually increased.

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Five fold increase in earthquakes in Japan since 2011 quake and tsunami

Matthew 24:7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.


Quote from article linked below:
"There has been a five-fold increase in earthquakes in the Tokyo metropolitan area since the year-ago disaster, the Tokyo University Earthquake Research Institute has said."
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Magnitude 6.3 earthquake hits northeast Japan

(Reuters) - A magnitude 6.3 earthquake hit northeastern Japan on Tuesday, the U.S. Geological Survey (USGS) said, but there were no reports of damages or casualties and a tsunami warning was not issued.

The quake, which shook buildings in the capital, Tokyo, struck off the northeast coast of the main island of Honshu at a depth of 20.5 miles, the USGS said.

Japanese broadcaster NHK and the U.S. Pacific Tsunami Warning Center said there was no danger of a tsunami.

Tokyo Electric Power Co said there were no abnormalities at its nuclear plant in Fukushima, which was severely damaged just over a year ago by a magnitude 9 quake, Japan's strongest on record, which triggered a big tsunami and caused the world's worst nuclear crisis in 25 years.

Nearly 20,000 people were killed in the March 11 quake last year.

On Tuesday, high-speed bullet trains serving northern Japan were halted but resumed later after no damage was reported, NHK said.

There has been a five-fold increase in earthquakes in the Tokyo metropolitan area since the year-ago disaster, the Tokyo University Earthquake Research Institute has said.

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Quantitative Easing explained

Finally an answer to the Mystery of the term 'QUANTITATIVE EASING'

Clarke and Dawe - Quantitative Easing

The Sun setting on the American Empire?

Blogman's Notes:

Most people may not be aware of this fact but historic evidence shows that Empires fall not because of invasion from outside but rather through corruption from within. No matter how well the corruption is hidden, its effects cannot be kept hidden. The greatest evidence that an Empire is rotting and decaying even if the facade is whitewashed on the outside is clearly visible in the debasement of its currency. The decline of the US dollar over the past 40 plus years since President Nixon removed all gold backing from the dollar is evidence that the American Empire is going the way of the Roman Empire and this quote from the article I link below sums it up rather well; Bankruptcy happens in two distinct stages: the first one is gradual; the consequences of bankruptcy are kept well hidden in this stage. Whether its individuals or Corporations or Empires, in the gradual stage most people are kept in the dark as to the deteriorating state of the solvency of these entities. Someone may live in a beautiful mansion with manicured gardens and everyone may be under the impression that the person has great wealth until one day the sheriff shows up and puts a Foreclosure sign outside the front gate. High inflation such as that in gasoline prices and food prices is a sure sign of the devaluation of the currency of the American Empire, the US dollar; it seems that this devaluation is entering the advanced stages. If the present course is stayed and there is no evidence to the contrary that it will not be stayed, what comes next is the SUDDEN stage of the bankruptcy of the Empire and the Emperor will be shown to have no clothes. When the day arrives that the dollar will be dumped by the world, especially by China, watch out! For the fall of this Empire will be one that will make the fall of the Roman Empire seem like a Disney movie. This event will be the single most devastating event in the history of this world to date, and it will set the stage for even greater devastation to follow that will result in the end of this world as we know it!

Quote from article linked below: "There’s a famous exchange in Hemingway’s The Sun Also Rises. Someone asks Mike Campbell, “How did you go bankrupt?” “Two ways,” he replies. “Gradually, then suddenly.” We've been going through the gradual phase so long, we’re kinda used to it. But it’s coming to an end, and what happens next will be the second way: sudden, and very bad."

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MARCH 24, 2012 4:00 A.M.
The Sun Also Sets 
Our national bankruptcy is about to enter its “sudden” phase.

By Mark Steyn 

I was in Australia earlier this month and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction, and that, therefore, the trick was to ensure that, when the behemoth goes over the cliff, you’re not dragged down with it. It is faintly surreal to be sitting in paneled offices lined by formal portraits listening to eminent persons who assume the collapse of the dominant global power is a fait accompli. “I don’t feel America is quite a First World country anymore,” a robustly pro-American Aussie told me, with a sigh of regret. 

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Economic News Update - Video Report Mar. 24, 2012

Presenting evidence that the much hyped Economic recovery in the US is actually an Economic bust. Excellent analysis by Doug Casey of Casey research presented in this report, China slowing down, Japan imploding, EU problems swept under the rug but not resolved, US unemployment figures being fudged, so where is the recovery?

Dead man walking Economy: Interview with Doug Casey

Blogman's Notes:

Doug Casey is a no-nonsense financial author and investor who runs the Casey Research website. The following quote from a recent interview shows that Doug's views on the much hyped Economic recovery in the US are very different from the mainstream media shills. I think the interview is very informative and Mr. Casey's conclusions are very logical as opposed to the pablum doled out day after day on MSNBC, Bloomberg etc. 

Quote: "By that I mean that people are on average consuming more than they produce. That can only be done by living out of capital – consuming savings – or accumulating debt. For a time, this may drive corporate earnings up, and give this dead-man-walking economy the appearance of returning health, but it's essentially, necessarily, and absolutely unsustainable. This is an illusion of recovery we're seeing – the result of our Wrong-Way Corrigan politicians continuing to encourage people to do the exact opposite of what they should do." 

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Doug Casey: "It's a Dead-Man-Walking Economy" 

By Doug Casey, Casey Research

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

[Skype rings: It's Doug Casey, calling from Cafayate, Argentina. He sounds tired, but pleased with himself.]

Doug: Lobo, get out your mower; it's time to cut down some green shoots again, and debunk a bit of the so-called recovery.

Read complete interview

China won't save the World Economy - the Dragon seems ready to crash and burn

Blogman's Notes:

It does not cease to amaze me that the 'Experts' act surprised when reports about a slowdown in Chinese Economy make headlines. Globalization is a fiery dragon that will consume all the consumers and producers of goods that people so covet in their lives. The Europeans have no money to buy Chinese made goods nor do the Americans or the Canadians or the majority of Chinese for that matter; so is it any surprise that Chinese manufacturing is slowing down? Globalization was based on the idea of ever increasing Economic growth which is a mathematical impossibility. The idea was akin to trying to fill the Grand Canyon with water at twice the rate at which it could be drained from there and believing that it would never get full. Therefore the consequences of what would happen when it did get full and began to overflow the surrounding land was never explored by the champions of Globalization. However since the whole world has been joined at the hip by Globalization, when one major organ, such as China catches a cold, it gives pneumonia to the whole world. The problem has been allowed to get so big, by design I'm sure, that there is no possible cure except for the dragon to crash and burn and take the whole World down with it. Out of the ashes of that Old Order will arise a New Economic Order as well as New Political Order and a New Religious Order. These Orders are not necessarily 'New', they have operated out of the shadows since the days of Nimrod, the builder of Babel (Babylon.) Babylon, which is the present Economic, Political and Religious Order, has brought misery and destitution to billions across the Millennia. But the day of Reckoning for Babylon is fast approaching and it begins with a collapse of the present Economic Order. It does not matter if you believe in the Bible or not, if the author of this book is God Almighty, there is nothing anyone can do to stop that which is coming; the signs are all around us but visible only to those who keep their eyes and ears open to the things of the Spirit, not just that of the flesh. As written in the scriptures below, Babylon will fall, and the day will come that no one will buy any merchandise from any merchant, whether Chinese or European or American.  God hates this buying and selling of His Creation that He Freely gave to all mankind to enjoy and use, not to hoard and sell. Though He has tolerated this System for ages since it served His purposes to do so, those purposes have now been almost fulfilled and the Day of Reckoning, of settling all accounts is at hand! Fear not the devil or man or their Systems and Orders, New or Old, Fear God who is ALMIGHTY, ALL POWERFUL, OMNIPOTENT, who alone holds the power over death, and is able to save your soul and give you Life Everlasting through Jesus Christ who has conquered death for all of us! Amen.

Revelation 18:1 And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory.

Revelation 18:2 And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. (Babylon is THE SYSTEM of existence on Earth embodied primarily in the System of Commerce, of Buying and Selling, which the majority of people have been deceived into believing is the purpose of their lives!)

Revelation 18:3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies. (Merchants of the Earth are Wall Street type bankers and their political / religious cronies who do their bidding!)

Revelation 18:4 And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.

Revelation 18:5 For her sins have reached unto heaven, and God hath remembered her iniquities. (Though the Media may hide the sins of the greedy, merciless and ruthless bankers and their employees, the Political leaders of the world, their sins are not hidden from God!)

Revelation 18:6 Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double. (Though they may reward themselves with multi-million, and even billion dollar bonuses in the present, in the near future, God will reward them double for their murderous sins, and it will not be the type of bonus that they will have enjoyed in this life!)

Revelation 18:7 How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.

Revelation 18:8 Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.

Revelation 18:9 And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning, 

Revelation 18:10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.

Revelation 18:11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more...(the day soon comes when it won't matter what the Chinese or Indian or American PMI is, these bloodthirsty merchants will not be able to sell any of their worthless goods that they have convinced the world are the purpose of life. The purpose of Life is Living and valuing Life not valuing goods!)

China factory activity falters, markets take fright

(Reuters) - China's economic momentum slowed in March as factory activity shrank for a fifth straight month, leaving investors fretting about the risks to global growth and anticipating fresh policy support from Beijing.

The HSBC flash purchasing managers index, the earliest indicator of China's industrial activity, fell back to 48.1 from February's four-month high of 49.6. New orders sank to a four-month low, an expected rebound in export orders failed to emerge and new hiring slumped to a two-year low.

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EU Carbon schemes opposed by India and China

Blogman's Notes:

The cost of travel will become prohibitive in the near future. One of man's fundamental rights is the right to Freedom of Travel. Totalitarian societies have always placed restrictions on travel, as for example in the former Soviet Union, to exercise control over their populations. In modern times when Air travel has become more common that train travel, one way of restricting access to travel is by making the cost of travel prohibitive. This agenda of the planet's ruling elite is now being implemented through Carbon Schemes, taxes imposed on all human activities, particularly that of using gasoline powered vehicles for travel, by road or by air. The EU wants to charge all airlines a fee, falsely calculated on the amount of emissions resulting from air travel. The airlines in turn will pass this fee on to customers, dramatically increasing the cost of travel, as it has been recently due to higher gas prices. The fact of the matter is that it is military energy usage that exceeds civilian usage by a large percentage in the United States, and is true for all big military nations such as the UK, France, Russia, China, India and others. Whether or not airplane emissions have a catastrophic effect or will have a catastrophic effect on the environment is highly debated. There is no hard evidence to prove that this is indeed the case. So based on phony studies and outright lies, the PTB have devised the Environmental movement to steal more money from the masses through hidden taxes called Carbon Credits. These taxes will lead to the genocide of the poorest of the poor in the world, when food production will become prohibitively expensive due to the producers having to pay Carbon taxes. That this is nothing more than a hidden tax grab and a scheme to impoverish and restrict the freedom of movement of peoples of the world is apparent from the fact that EU, the UN and other unelected Globalist organizations say nothing of the destruction of the environment caused by Militaries, especially the US military. Massacring of the environment by the Military has been documented and easily provable from Vietnam to Iraq, yet the EU and its ilk that are supposedly crying out for the health of our planet are curiously silent about it. If and when they suggest a shut down of all Militaries worldwide, then we will believe that they truly have the best interests of the planet and of human beings at heart. Till then we are glad to hear that their is some opposition on a governmental level to their money - grabbing schemes based on fake studies and outright fraud.

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Exclusive: India to urge airlines to opt out of EU carbon scheme

(Reuters) - India will urge its airlines not to take part in the European Union Emissions Trading Scheme (ETS), a senior official said, the latest salvo in an escalating row over an EU law requiring all flights in and out of Europe to pay for their emissions.

China in February said its airlines were barred from participating in the scheme unless they get government approval to do so. Beijing has also suspended the purchase of $14 billion worth of planes for Europe's Airbus due to the dispute.

India does not yet plan to ask airlines to cancel Airbus purchases, but that is a possibility if the dispute escalates, the Indian official said.

The official, with direct knowledge of talks between the EU and other countries on the issue, told Reuters that India would soon ask local airlines not to share emissions data with the bloc or buy any carbon credits.

If the European Commission retaliated by suspending Indian airlines from flying to Europe, India would make similar moves and consider charging an "unreasonable" amount for flying over India, the official said on Monday.

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Civil war raging in Syria - bombs and fighting in Damascus

Syrian capital sees heaviest fighting of uprising

(Reuters) - Rebels fought government forces in Damascus on Monday, in the most violent gunbattles the Syrian capital has seen since the start of the year-long revolt against President Bashar al-Assad, opposition activists said.

The fighting near the centre of Assad's power base appeared to be an attempt by rebels, who have been forced out of Homs and Idlib and came under attack in the eastern city of Deir al-Zor on Monday, to show they still pose a serious challenge.

The heavy fighting shattered the night calm in the al-Mezze district, home to intelligence offices and foreign embassies, and left two "terrorists" and one member of the security forces dead, Syria's official news agency SANA said.

The armed confrontation came just two days after a double car bombing killed at least 27 people in the heart of the city, raising fears the capital might sink into mayhem.

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Signs of the End videos - Economic Collapse Update March 17

Video Report Summary: Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics. Worthlessness of Expert opinions. Sanctions against Iran to hurt EU more than Iran. US threatens India if it does not tow the line on Iranian sanctions.

The Real price of Austerity in Greece: A lesson for the rest of the World

From The Extinction Protocol blog

When the money runs out: cases of HIV, TB, and malaria explode in Greece, ‘health system near collapse’

Posted on March 15, 2012 

March 15, 2012 – GREECE -  The incidence of HIV/Aids among intravenous drug users in central Athens soared by 1,250% in the first 10 months of 2011 compared with the same period the previous year, according to the head of Médecins sans Frontières Greece, while malaria is becoming endemic in the south for the first time since the rule of the colonels. Reveka Papadopoulos said that following savage cuts to the national health service budget, including heavy job losses and a 40% reduction in funding for hospitals, Greek social services were “under very severe strain, if not in a state of breakdown. What we are seeing are very clear indicators of a system that cannot cope.” The heavy, horizontal and “blind” budget cuts coincided last year with a 24% increase in demand for hospital services, she said, “largely because people could simply no longer afford private healthcare. The entire system is deteriorating.”The extraordinary increase in HIV/Aids among drug users, due largely to the suspension or cancellation of free needle exchange program, has been accompanied by a 52% increase in the general population. “We are also seeing transmission between mother and child for the first time in Greece,” she said. “This is something we are used to seeing in sub-Saharan Africa, not Europe. There has also been a sharp increase in cases of tuberculosis in the immigrant population, cases of Nile fever – leading to 35 deaths in 2010 – and the reappearance of endemic malaria in several parts of Greece, notably the south.” According to Papadopoulos, such sharp increases in communicable diseases are indicative of a system nearing breakdown. “The simple fact of the reappearance of malaria, with 100-odd cases in southern Greece last year and 20 to 30 more elsewhere, shows barriers to healthcare access have risen,” she said. “Malaria is treatable, it shouldn’t spread if the system is working.” MSF has been active in Greece for more than 20 years, but until now has largely confined its activities to emergency interventions after natural disasters such as earthquakes, and providing care to the most vulnerable groups in the community, including immigrants. It is now focusing on supporting the public health sector, providing emergency care in shelters for the homeless and improving the overall response to communicable diseases. Papadopoulos, who spent 17 years abroad with MSF and returned to her native Greece three years ago, sees hope among the rubble. “What keeps me going is an increasingly strong sense of solidarity among the Greek people,” she said. “Donations to MSF, for example, have of course gone down with the crisis, but donors keep giving, they remain active.”  -Guardian

Reality check: If you want to know how quickly a civilization unravels when the money runs out, you need look no further than Greece. It’s a sobering lesson for the U.S. and the rest of the Western world when the day of reckoning finally comes from too much borrowing and when sovereign debt levels become unsustainable. Consider what I wrote in my book 2 years ago: “It took millennia to build civilizations on this planet but we will watch them unravel over the span of a few years.” -The Extinction Protocol, page 10

Iran to be Attacked before year end?

Blogman's Notes:

What if Iran does not have a Nuclear Weapons Program like neighboring Iraq? Iraq was invaded and destroyed, and millions of its citizens killed and millions more left destitute because it was supposedly developing Nuclear Weapons! With the same script now being repeated in Iran, does Iran still pay the price of being attacked, bombed back to the Stone Age and have millions of its citizens killed, maimed and wounded while having its Economy totally destroyed even if it does not have WMDs? Seems like a repeat of Iraq 2003 - Present is just around the corner! O what a mad, insane and evil world we live in! But please don't be concerned, March Madness (the US College basketball championships) will be on TV along with American Idol and the Bachelor and.... President Obama and PM David Cameron will show us what is really important in life as they attend a College Basketball game together. Life is just Fun 'n' Games, just Fun 'n' Games....

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• Russia told to warn Iran of ‘last chance’ to avoid military strikes: report

Wednesday, 14 March 2012

The United States has asked Russia to warn Iran it has a last chance in negotiations expected in April to avoid military strikes against its nuclear program, a report said on Wednesday.

The Wisdom of Modern Markets (or Lack Thereof)

Blogman's Notes:

Stock Markets around the world seem to be celebrating an Economic Recovery, especially in the US. However as Charles Biderman (who used to be on CNBC till his Truth telling could no longer be tolerated by the network) tells us in his Daily Report that there is more than one way to make Stock Markets go higher, and the way it is being done today is not based on sound investing methodologies but rather by massive intervention from Central Bank, most importantly the US Federal Reserve. So the paper wealth that is being created through higher stock prices, such as that of Apple, are they rising because the companies are so profitable that everyone is clamoring to buy their stocks or are they rising because the Fed is buying equities that individual investors will not buy or cannot buy. Same thing with Employment numbers, even a cursory analysis of the numbers reported by the Bureau of Labor (or LYING) Statistics proves that the amazing job growth in the US is anything but sign of an amazing recovery. Please draw conclusions as to the health of the Global Economy but make sure to base your understanding on more information than reported in the Mainstream media...

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Biderman's Daily Edge 3/9/2012: Rigged Market Conventional 

I'm Back! GREECE: The problem that won't go away

Blogman's Notes:

Even before the ink has dried on the printing up of the latest Greek Bailout Plan, Reuters is reporting and many others are reasoning that the Greek Debt problem is not a done deal but it is far more likely that it will be revealed in the coming weeks and months that Greece is done, as are many other nations in the Eurozone, as  may be the Eurozone itself. This story is fast becoming like Nightmare on Elm Street where Freddie just refuses to die no matter how many bullets are shot into him or how many pitchforks are stuck into him. So too will the Greek problem, which in effect is a European problem, which in effect is a US problem, which in effect is a Global problem, not go away until the whole System crashes. You don't need to be a Rocket Scientist or have a PhD. in Economics to come to this conclusion. The question is how come the wizards at the highest level of Global Finance are unable to reach this conclusion and take steps that may actually avoid this outcome rather than do the exact opposite, that is they take steps that ensure that the System will crash? Could it be that that is the desired consequence, so that a New Financial World Order may be implemented in the coming years? A Financial Order that will lead to a Political Order about which much has been written going back decades? And it was written in the pages of the Bible almost two thousand years ago that just such an Order would arise out of the ashes of the current world financial and political Systems, which must necessitate the complete and total annihilation of the current world Systems! Is this why the Global Financial and Political Powers that Be are busy destroying the current Financial System by the actions that have been taking that will supposedly fix the System but are actually doing the opposite? A thinking person would have to conclude that that is their intention: to destroy the System, not to fix it! Thus we must prepare ourselves accordingly and remove ourselves as far away from the tentacles of the System as is possible; to be forewarned is to be forearmed! I hope these blog entries and video updates will serve as warning for those who have Eyes to see and Ears to hear!

Revelation13:15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.

 Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

 Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

To be a part of the New World Order Financial / Economic Systems, people will be required to bow down  to the image of the beast and take his mark, the signs that we are headed in just such a direction are so obvious that a  person would have to be blind to miss them. Whether anyone believes it or not, if the above words originated with the Omnipotent LORD God, they will be fulfilled, nothing anyone can do to stop it, all we can do is to believe and put our Hope in our Creator not in lying man or beast.

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• REUTERS: Greek debt swap could be short-lived reprieve

The private sector debt swap lopped about 100 billion euros off Greece's gargantuan debts but still leaves Athens as the euro zone's most indebted country and does not preclude a messier default or even a euro exit further down the line.

Greece's euro zone partners, exasperated by many broken promises, could be tempted to pull the aid plug if the winner of elections penciled in for late April or early May fails to reverse a poor track record on delivering reform.

At the same time, a population angry with a prolonged recession could eventually push for another cure altogether if record-high unemployment keeps increasing and EU and IMF lenders ask for even more sacrifices.

"The debt swap deal does not solve the problems of Greece at all," said Holger Schmieding, chief economist at Berenberg Bank.

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