Geopolitical and economic warnings

And now something from the mideast.


Central bank: the high price of the dollar will affect the Bank reserves

Sunday, December 15 2 / January 2012 15:07 - BAGHDAD / With: Description of the Central Bank of Iraq marked increase in the price of the dollar for the sale and purchase against the Iraqi dinar (b fierce attack) on the currency in Iraq, stressing that the continued rise will impact negatively on bank reserves from the dollar.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, a reporter for the future, news agency on Sunday that: "The rise in the price of the dollar was expected", describing the rise of "quasi-attack on the currency."

He continued that "the rise in dollars during this period may be to fund the needs not of the Iraqi economy, but needs outside of the Iraqi economy, given that the markets are crowded with durable goods, which extends in turn to three years or five years, and therefore this request is to finance the goods and services is beyond the capacity of the Iraqi economy."

He stressed that "the rise will affect the central bank reserves," noting that "the central bank has control over the liquidity of the mechanisms studied such as the withdrawal of any dinars in the market there must be out of dollars and this is the case of the balance sheet of the Central Bank, which is essentially the one", He explained that "the impact of the high dollar will be a clear as it should be withdrawn any dollars matched by the stability of the Iraqi dinar." (finished)

Marwan Shuwaili
http://www.mustakbal.net/index.php?opti ... &Itemid=10


Gunmen break into the Office of Banking and steal $ 17 million Danarve Arasat Street

BAGHDAD / Baghdadiya News / .. A source in the Iraqi police, Sunday, that the gunmen stormed the office of the Banking and beat the owner and stole $ 17 million Iraqi dinars, central Baghdad.

The source told / Baghdadiya News /, "The three armed men stormed the office of the banking in the Indian Arsat central Baghdad, and they beat the owner of the office and the theft of $ 17 million Iraqi dinars."

He added that "his office contacted the security forces after he regained consciousness from the blow to her face and armed him with a sharp (Iron Box), indicating that the gunmen fled."

And always subject to banking offices armed operations in Baghdad and the provinces, in order to steal, which describes the security forces as an attempt by armed actors to finance terrorist operations.

http://albaghdadianews.com/security/ite ... EZHAb.html


"Israel - Cord:" 112 countries at the United Nations and the Security Council is ready to declare the State of Kurdistan

A source Kurd in the Kurdistan Region, Sunday, that more than 100 countries at the United Nations in addition to two states in the UN Security Council prepared to vote on the declaration of an independent Kurdish state, pointing out that most of these countries and the countries of Britain's regional and neighboring Iraq.

The increasing presence of Kurds according to the geographical area in Iraq, Syria, Turkey and Iran, only those countries opposed to any step of the separation.

The director of the Center for Israel - Cord, David Albagustani, in an interview with " Twilight News ", that" there are 110 countries at the United Nations was ready to recognize the state of Kurdish in the event of its announcement, in addition to two members of the Security Council, ready for it, there are also two other members of the Security Council are not entitled to vote are ready also for the recognition of the Kurdish state, as well as a neutral party. "

The reservation Albagustani on which countries he said it would announce its recognition of an independent Kurdish state, stating, "Consider that the Iraqi crisis resolved completely order not to be the announcement of these countries working to confuse the situation, so we wish everyone to keep an optional federal Iraq."

It is said that the President of the Kurdistan Region of Iraq, Massoud Barzani, said in his speech before the Conference of the Kurdistan Democratic Party, which was held on 11 December 2010, the right of self-determination for the Kurdish people will be put in the conference, sparking reactions positive within the region and different outside.

He stressed that the Kurdish people, like other nations and peoples "have the right to self-determination," adding that his party believes claim the right to self-determination and the struggle to achieve this goal.

However, the director of the Israel - Cord However, his words, "We have Britain's most prominent countries willing to recognize the Kurdish state, and the neighboring countries and its territory in turn, will take the same stance."

He added that "the Kurdish people in Iraq are very important choices as to whether continued administration of the country the way you run it now," suggesting that "independence is one of the options for the Kurds in Iraq, particularly the presence of dozens of countries willing to recognize an independent Kurdish state."

The Albagustani "I would say very frankly that the Iraqi people in general and the Kurdish people in particular, are not with the separation, and wants the Kurdish people to be part of the United Iraqi, but if Iraq continued to run this way, and continue the process of creating the problems, I believe that the Kurdish people will be has the options are very important. "

"I think that if the continued rule of Iraq in a way the central government itself in dealing with the Kurdish people, they will lose many things, and we Kkord not also want to lose it," adding, "Now the Kurdish issue and reached a special stage and it's no longer a local issue, but related is the issue of Middle East, but also become an international issue. "

It is argued that the choice of the Kurdish people is now a federal Iraq is because they see that the failure of the central government in the administration of the country's political and security in the area of ​​services and encourages the marginalization of provincial demands the establishment of regions of Kurdistan may be the final word in this field.

It is noteworthy that the Kurds that did in 1946 on the establishment of the Republic of Mahabad in northwestern Iran, but it was short-lived mini-state is an internationally recognized a Soviet-backed Kurdish republic.

The Alliance of doing contributed to the judge with Mullah Mohammad Mustafa Barzani, but the pressure from the Shah of Iran on the United States, which in turn pressured the Soviet Union was enough to withdraw Soviet troops from Iranian territory and the Iranian government to drop the Republic of Mahabad after 11 months of its proclamation.

Was its impact on the execution of Judge Mohammed in March 1947 in the city of Mahabad, and exit of Mullah Mustafa Barzani, with a group of fighters from the region.

http://afkarhura.com/index.php?option=c ... &Itemid=21


A seminar on Iraq’s accession to the WTO

15.01.2012 - With the continuation of the debate in economic circles about the feasibility of Iraq’s accession to the WTO, held in the Ministry of Planning and Development Cooperation, in cooperation with the Ministry of Commerce (Sunday) a seminar discussion of the definition of the benefits of the accession of Iraq, seeking since 1987 to achieve this goal, has already succeeded in 2004 to join the international organization, but membership was restricted, as it has joined as an observer in the first phase, on the road to full membership.

The seminar saw a difference in the views put forward by the experts, planners, and the audience was divided between supporters of Iraq’s accession to this international organization, and the other rejecting it for the time being.

He sees Faleh Al Alwan, who attended as Mhazer that the accession of Iraq at this time the organization has many disadvantages, for reasons including the economic situation in Iraq does not allow for the time being the fact that the infrastructure is not ready for such Transitional, as well as the industrial and agricultural sectors are not eligible So, too, as he put it.

The position of the Ministry of Planning in conformity with the official views of some experts, when he called on the ministry’s spokesman to wait to declare Iraq’s accession to full membership at the moment, on the grounds that Iraq needs a lot of changes on the economic situation before they have the full membership.

And the Ministry of Commerce defended its position, and demonstrating the ministry represented at the symposium Solafah Samir that the benefits of accession to the WTO as the largest economic bloc in the world, which includes 155 countries, far more than the disadvantages.

http://bit.ly/AygG5Z


CBI calls for serious action government to get out of Chapter VII
Date: Mon 01/16/2012 6:40

called on the Deputy Governor of the Central Bank of the appearance of Mohammed for the government to take action at the international level to raise the country from Chapter VII in order to create the appropriate atmosphere to enter the major global companies.

Salih said (of the Agency news): The exit of Iraq from Chapter VII is very necessary for the transfer of foreign expertise and technological developments in various economic fields, the fact that Iraq needs a network of international contractors for the implementation of investment projects.

He added that local contractors are not people with extensive experience, which led to a delay in the implementation of many investment projects in the country, adding, that the rate of implementation of projects per year of (30%) due to lack of experience and not to transfer modern technology to Iraq.

He continued that the foreign companies, the global Feel free also to contractors from entering Iraq because it is still under Chapter VII with a bad reputation on people imposed on it. He explained that Chapter VII allows the use of force and economic sanctions on countries that infringe on the world peace, and that the international community Mibrh believed that Iraq was an aggressor to world peace. And that the Iraqi government should work hard to reassure the international community that the country is safe and does not need to use force against him, after the departure of U.S. troops.

http://bit.ly/zEPPq1


Dinar was equal to the dollar!

النخيل-قال نائب محافظ البنك المركزي مظهر محمد صالح :أن مشروع القانون تضمن مقترحات لشكل العملة الجديدة والفئات التي تحملها وتفاصيل فنية واقتصادية. Palm - Deputy Governor of the Central Bank of the appearance of Mohammed Saleh said that the bill included proposals for a new currency and the categories that bear and details of technical and economic.

وأوضح صالح خلال تصريح اعلامي ان تبديل العملة وحذف الاصفار قرار تتخذه السلطة التنفيذية وتقره السلطة التشريعية، وانه مشروع لن ينفذ بعجالة، بل ستؤخذ جملة عوامل في الاعتبار قبل البدء بتنفيذه بما في ذلك موعد السنة المالية وقوة الاقتصاد الوطني من بين مؤشرات أخرى فيما ويرى صالح ان هذا القانون في حال إقراره سيكون له اثر ايجابي على العملة العراقية في عدة جوانب تحتاجها خلال المرحلة المقبلة، وهو سيقوي قيمة العملة العراقية. Saleh pointed out during the permit media changing the currency and delete zeros decision taken by the executive and approved by the legislature, and that the project will not be implemented hastily, but will be taken a number of factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that This law, if approved, will have a positive impact on the Iraqi currency in several aspects you need during the next phase, which will strengthen the value of the Iraqi currency.

ووصف صالح نظام المدفوعات النقدية العراقي الحالي بالنظام البائس، مشيرا أن أكبر فئات العملة فيه لا تزيد قيمتها على عشرين دولارا، مؤكدا أن حذف الاصفار سيعزز قيمة العملة العراقية، ويقلل كلفة التعامل النقدي، فالعملة بوضعها الحالي يقدر حجمها اليوم بترليونات الدنانير، مما يجعل عملية التعامل النقدي ذات تكلفة عالية. He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, confirming that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, The currency in its present estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high.

وحول مخاوف تزوير العملة الجديدة في حال صدرت أو إنها ستؤثر سلبا على الوضع الاقتصادي، رد صالح :أن ذلك ينم عن نظرة سوداوية، ولا ننسى أن هناك دولا أخرى أقدمت على تبديل عملتها وأسقطت منها أصفارا مثل تركيا ورومانيا والبرازيل دون ان يتعرض اقتصادها إلى هزات وبالتالي فان العراق لا يخوض مياها مجهولة أو يسير في طريق لم يطرقه احد من قبل ومن المرجح ان تتضمن العملة الجديدة سكا لعملة معدنية لجانب الورقية. And the concerns of rigging the new currency in the event issued or it will affect negatively on the economic situation, responded in favor: it reflects the look bleak, do not forget that there are other countries in deciding to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil without being its economy to shocks and thus Iraq is not unknown or running water moving in path not knock him one before is likely to include the new currency for the inhabitants of a coin by the paper.

وتعود زيادة الاصفار على الدينار العراقي إلى أيام التضخم الذي أتى على قيمة العملة العراقية نتيجة الحروب السابقة وما تلاها من حصار اقتصادي، حولت عملة العراق إلى ورق كانت مطابع النظام السابق تصدره بكميات كبيرة دون غطاء، بينما كان الدينار العراقي حتى منتصف الثمانينات يعادل أكثر من ثلاثة دولارات أميركية. The increased zeros on the Iraqi dinar to the days of inflation, which came on the value of the Iraqi currency as a result of previous wars and the subsequent economic blockade was over, the currency of Iraq to the paper was printing the former regime, issued in large quantities without a cover, while the Iraqi dinar until the mid-eighties equivalent of more than three U.S. dollars.

لكن مستشار رئيس الوزراء العراقي للشؤون الاقتصادية عبد الحسين العنبكي قال في تصريحات صحفية :ان الفساد المستشري في مؤسسات الدولة وهبوط مستوى كفاءتها والوضع الاقتصادي عموما في هذا الوقت ليس لصالح رفع الاصفار . But the adviser to Iraqi Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge said in a press statement: that the rampant corruption in state institutions and the low level of efficiency and economic situation in general in this time is not in favor of lifting the zeros.

وأشار إلى ما قاله عنه أنه مطبات ستواجه تغيير العملة وحذف الاصفار بما في ذلك مخاطر التزوير وزيادة الطلب على السلع لأسباب وهمية ناجمة عن دفع دينار بدلا من ألف دينار كما الآن موضحا أن إعادة طبع عملة جديدة ستكون له تكاليف باهضة، مؤكدا ان محاولات ستبذل لإقناع البنك المركزي بالتريث في خططه بهذا الشأن. He pointed to what he said about it bumps will change the currency and delete zeros, including the risk of fraud and increase the demand for goods causes a fake due to payment of dinars instead of a thousand dinars, as now, explaining that the re-printing of new currency will have the costs of expensive, adding that attempts will be made to persuade the Bank Central to wait in his plans in this regard.

وسبق لرئيس هيئة الأوراق المالية العراقية أن أكد، في وقت سابق، على أن حذف الأصفار من العملة العراقية لن يؤثر في تداول البورصة العراقية وأسهمها Previously Chairman of the JSC confirmed that Iraqi, earlier, to delete the zeros of the Iraqi currency will not affect the circulation of the Iraqi Stock Exchange and its shares

ويقول مدير إحدى شركات تحويل الأموال خارجيا سامي رشيد :أعتقد ان رفع الاصفار عن العملة سيزيد الثقة بالعملة، وسيؤدي إلى زيادة القدرة الشرائية للمواطنين، وستتراجع ظاهرة تداول الكتل النقدية الكبيرة التي اعتاد عليها العراقيون منذ التسعينيات. The director of a money transfer companies abroad Sami Rashid: I think that the lifting of the zeroes from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and will drop the phenomenon of trading blocs, the large cash used by the Iraqis since the nineties.

ورأى المحلل الاقتصادي طلال جاسم ان تبديل العملة العراقية إجراء ضروري لكنه أشار الى ضرورة توفر الشروط اللازمة لتنفيذ ذلك وفي مقدمتها الاستقرار الأمني والسياسي مضيفا أن الاستقرار النسبي للعملة العراقية بعد صدور العملة الأخيرة، ونتيجة عودة ارتباط العراق بالاقتصاد العالمي وتوفر احتياطاته من النقد الأجنبي بسبب صادرات النفط، شجعت البنك المركزي على التفكير في حذف الاصفار. He believed economic analyst Talal Jassim said the switch of the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the central bank to consider deleting the zeroes.

وأضاف جاسم ان رفع الاصفار الثلاثة سيؤدي إلى سعر صرف قدره دولار واحد للدينار الواحد حيث دعا جاسم إلى ضرورة إتباع سياسات هادئة لإقناع المواطنين والتعود عليها لفترة لا تزيد عن سنتين. Jassim added that lifting the three zeroes will lead to an exchange rate of one dollar per dinar to where Jassim called to the need to follow the policies of peaceful citizens to convince them and get a feel for a period not exceeding two years.

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.nakhelnews.com%2Findex.php


Iraq plans to delete three zeros to facilitate financial transactions

النخيل-قال نائب محافظ البنك المركزي العراقي مظهر قاسم اليوم إن العراق يعتزم تعديل فئات الدينار عن طريق حذف ثلاثة أصفار بغية تسهيل المعاملات المالية. Palm - Deputy Governor of Central Bank of Iraq today, the appearance of the denominator that Iraq intends to amend the categories of the dinar by deleting three zeros to facilitate financial transactions.

وأضاف قاسم خلال تصريح اعلامي أنه يتوقع استخدام فئات العملة الجديدة في السوق خلال ثلاث سنوات،موضحا أن الهدف من هذه العملية هو تسهيل نظام الدفع وأنها لن تؤثر على التضخم. The denominator in a media statement that it expects to use the categories of the new currency in the market within three years, explaining that the goal of this process is to facilitate the payment system and it will not affect inflation.

ويشكو المستثمرون من أن اقتصاد العراق الذي ما زال خاضعا لدرجة عالية من التخطيط المركزي يعاني من التعقيدات الإدارية والإجرائية وأن أغلب المعاملات تتم نقدا. Investors complain that the economy of Iraq, which is still subject to a high degree of central planning suffers from administrative and procedural complexities that most transactions are in cash.

وقال قاسم إن مرحلة التخطيط والإعداد للإصلاح قد اكتملت وان الاقتراح سيقدم إلى الحكومة الشهر القادم، وأضاف أن الأمر سيتطلب موافقة البرلمان. Kassem said that the planning and preparation stage of reform has been completed and that the proposal will be submitted to the government next month, and added that it would require parliamentary approval.

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.nakhelnews.com%2Findex.php


Iraq: Delete the zeros of the Iraqi currency would overcome all the difficulties of economic

النخيل-رأت النائبة عن القائمة العراقية عتاب الدوري ان عملية حذف الاصفار من العملة العراقية ستذلل جميع الصعاب الاقتصادية سيما بعد حالة التضخم الكبيرة التي يشهدها البلد. Palm - saw the Iraqi List MP for the league Atab that the process of deleting the zeros of the Iraqi currency to work through all the economic difficulties, especially after a large inflation taking place in the country.

وقالت الدوري في تصريح صحفي اليوم :ان اعلان محافظ البنك المركزي العراقي عن وضع اللمسات الاخيرة لعملية رفع الاصفار من العملة يعد من الامور الداعمة للاقتصاد العراقي والتي تقلل من حالة التضخم الموجودة حاليا. The league said in a press statement today: that the announcement of the Iraqi Central Bank Governor for putting the final touches to the process of lifting the zeros from the currency is one of the things in support of the Iraqi economy and reduce inflation, the existing one.

وكان محافظ البنك المركزي حضر الى مجلس النواب في وقت سابق وناقش مع النواب موضوع الاقتصاد العراقي وحذف الاصفار من الدينار. The governor of the Central Bank came to the House of Representatives earlier and discussed the issue with the House of Representatives of the Iraqi economy and to delete the zeros from the dinar

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.nakhelnews.com%2Findex.php

The warning signs are all around us. All we have to do is open up our eyes and look at them. Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst. On Wednesday, it was the World Bank itself that issued a very chilling warning. In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better "prepare for the worst." You would expect to hear this kind of thing on The Economic Collapse Blog, but this is not the kind of language that you would normally expect to hear from the stuffed suits at the World Bank. Obviously things have gotten bad enough that nobody is even really trying to deny it anymore. Andrew Burns, the lead author of the report, said that if the sovereign debt crisis gets even worse we could be looking at an economic crisis that could be even worse than the last one: "An escalation of the crisis would spare no-one. Developed- and developing-country growth rates could fall by as much or more than in 2008/09." Burns also stated that the "importance of contingency planning cannot be stressed enough." In other words, Burns is saying that it is time to prepare for the worst. So are you ready? .....

March 20th is a key date to keep your eye on. That is the day when Greece will either makes its 14.5 billion euro bond payment or it will default.

Greece does not have a prayer of making that payment without help. If Greece can convince the EU and the IMF to release the next scheduled bailout payment and if Greece can reach a satisfactory deal with private bondholders, then the coming Greek default might be "orderly". But if something goes wrong, the coming Greek default might be quite "disorderly".

...Italy has a much larger economy, and if Italy totally collapses it will be an absolute nightmare for the entire globe.

...he troubling news out of Europe just seems to keep coming in waves. Here are some more recent examples....

-Manufacturing activity in the euro zone has fallen for five months in a row.

-Germany's economy actually contracted during the 4th quarter of 2011.

-It is being reported that the Spanish economy contracted during the 4th quarter of 2011.

-Bad loans in Spain recently hit a 17-year high and the unemployment rate is at a 15-year high.

So will all of this economic trouble eventually spread to the United States?

This time the U.S. is in a much weaker position. The U.S. debt problem has gotten much worse since the last crisis.

During 2008, our national debt crossed the 10 trillion dollar mark. Less than 4 years later, we have crossed the 15 trillion dollar mark. Some people say that socialism is the answer, but the truth is that we are already a socialist welfare state. If you can believe it, nearly half of all Americans live in a household that receives some form of financial benefits from the U.S. government.

read rest of article at
http://beforeitsnews.com/story/1644/465/Warning_Signs_That_We_Should_Prepare_For_The_Worst.html

and http://beforeitsnews.com/story/1656/860/Economic_Collapse_amids_a_Mini-Recovery.html

Worsening crisis: Banks hoarding cash could double corporate default rates in Europe
http://www.bloomberg.com/news/2012-01-26/banks-hoarding-ecb-cash-may-double-defaults.html
January 26, 2012 – BRUSSELS – Corporate defaults may almost double in Europe as companies struggle to refinance debt and banks hoard cash borrowed from the European Central Bank or use it to buy government bonds. Europe’s default rate may soar to 8.4 percent or more, from 4.8 percent at the end of 2011 as the recession bites and company financing dries up, according to Standard & Poor’s. Petroplus Holdings AG (PPHN) became the latest victim of the tough stance banks are adopting when the region’s biggest independent oil refiner said this week it will file for insolvency after losing access to $2.1 billion of credit lines. “It’s very challenging for anyone to raise money from lenders right now,” said Andrew Cleland-Bogle, a Frankfurt- based director at corporate finance specialist DC Advisory Partners. “Combine that with increased bank capital requirements and you can see that although banks are getting money they’re very selective when it comes to lending it. 2012 is going to be a very, very tough year.” Speculative-grade companies have to refinance about 230 billion euros ($300 billion) through 2015, according to S&P. At the same time, banks and loan funds that provided the initial funding are scrambling for capital or reaching the end of their reinvestment periods and may be unwilling to extend loans. Banks are using the 489 billion euros they borrowed at 1 percent from the ECB under its three-year longer-term refinancing operation to scoop up government bonds yielding more than 2.5 percentage points extra instead of lending the money to companies. -Bloomberg


Economic ruin on the horizon for Greece: Germany cast doubts on saving country from financial meltdown
January 26, 2012 – GREECE - Angela Merkel has cast doubt for the first time on Europe’s chances of saving Greece from financial meltdown and sovereign default, conceding that Europe’s first ever multibillion euro bailout coupled with savage austerity was not working after a two-year crisis that has brought the single currency to the brink of unraveling. In an interview with the Guardian and five other leading European newspapers, the German chancellor also insisted – against widespread resistance elsewhere in the eurozone and in the UK – that the European court of justice (ECJ) be empowered to police public spending and budget policies of the 17 countries in the euro. She also called for the eventual creation of a European political union, with many more national powers ceded to a central government, a strengthened bicameral European parliament, and the ECJ assuming the role of Europe’s Supreme Court. Days before the latest EU summit, which, at Merkel’s insistence and evoking scant enthusiasm elsewhere, is to finalize an international treaty between eurozone governments entrenching German-style fiscal and budgetary rigor in all single currency countries, the chancellor admitted having doubts about the strategy she had pursued during the crisis. “We haven’t overcome the crisis yet. Of course, there’s Greece, a special case where, despite all the efforts that have been made, neither the Greeks themselves nor the international community have yet managed to stabilize the situation.” Asked about the European response over the past two years, during which Berlin has often dictated terms and encountered strong resistance in Brussels, Paris, and at the European Central Bank in Frankfurt, Merkel said: “Good politicians always have doubts, as a way of constantly reviewing whether they are on the right track.” There were no doubts about her aim – to save the euro and preserve the EU. The reservations concerned the means to those ends. With Europe’s biggest ever crisis moving into its third year, the chancellor is facing growing resistance to her key aim at Monday’s summit – finalizing the “fiscal compact” treaty that is the euro’s new rulebook, foreseeing quasi-automatic fines for fiscal sinners, empowering the Luxembourg-based ECJ to sit in judgment of the 17 countries’ budgets, and establishing legally binding debt ceilings for eurozone governments. –Guardian

Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us?
January 25, 2012 Over the past couple of weeks, George Soros, the IMF and the World Bank have all issued incredibly chilling warnings about the possibility of an impending economic collapse. Considering the power and the influence that Soros, the IMF and the World Bank all have over the global financial system, this is very alarming. So are they purposely trying to scare the living daylights out of us? Soros is even warning of riots in the streets of America. Unfortunately, way too often top global leaders say something in public because they want to “push” events in a certain direction. Do George Soros and officials at the IMF and World Bank hope to prevent a worldwide financial collapse by making these statements, or are other agendas at work? We may never know. But one thing is for sure – many of the top financial officials in the world are using language that is downright “apocalyptic”, and that is not a good sign for the rest of 2012.

Right now, George Soros is saying things that he has never said before. Just check out what George Soros recently told Newsweek….

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

Later on in that same article, Soros is quoted as saying that we could soon see the U.S. government using “strong-arm tactics” to crack down on rioting in the streets of major U.S. cities….

As anger rises, riots on the streets of American cities are inevitable. “Yes, yes, yes,” he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”

It almost sounds like George Soros is anticipating the same kind of abreakdown of society that many survivalists and preppers are getting ready for.

So how bad are things going to get?

read more at http://www.blacklistednews.com/Are_George_Soros%2C_The_IMF_And_The_World_Bank_Purposely_Trying_To_Scare_The_Living_Daylights_Out_Of_Us%3F/17561/0/38/38/Y/M.html

Nigel Farage: Trapped Inside an Economic Prison (Full Version - Ch. I, II & III)

https://www.youtube.com/watch?v=2YcgACl1Sr8&feature=g-all-f&context=G267564dFAAAAAAAAAAA


Love Always
mudra

05.21.12 - Financial Crisis Special

In separate hours, three guests addressed future and current economic crises. First, global financial strategist Peter Schiff argued that the crisis of 2008 is nothing compared to what is coming.

https://www.youtube.com/watch?v=hNfPOSxf8QM


Love Always
mudra

The Genius of Mutual Indebtedness - Nigel Farage

https://www.youtube.com/watch?v=TN_1mF-3JTI&list=UU-XsHHcuGtyzQMmuITIQCpg&index=1


Love Always
mudra

'Group of Debt' Match at EU Summit - Nigel Farage shares his thoughts with the media

https://www.youtube.com/watch?v=aLyV2rSiy6w


Love Always
mudra

Reading all the different articles and watching this just makes me shake my head. What a fracking conundrum. How can any of these global financial situations really be sorted out until the corruption has been cleared out. And given that the corrupt are now in power who is left to take them out? No wonder some pray for a comet impact or pole shift - neither of which look likely to happen any time soon in the near future. Does anyone think that a significant CME wiping out the electrical grid would stop all of this global lying, cheating and stealing? Even the words business, banks and politicians have a sour, bitter taste to them.

I could do with something taking place sending our economic system into a much higher state of grace . Since the advent of the euro inflation here has reached epic proportions.Adding to this the fact that Belgium is amongst the highest taxed countries in the world ( which amounts to working 6 months for the state before you can earn something for yourself) , it has become no fun to survive under those conditions.I am lucky enough to have some assets aside but for those who don't have those it's getting harder and harder. Something needs to happen to the benefit of all.Growing own or common gardens I believe is part of what everyone should go for to make present and future on Earth a better place.

Love from me
mudra

Vandana Shiva: Earth Democracy

https://www.youtube.com/watch?v=8zGIN39VUo4


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mudra

The Ramifications of Collapse

https://www.youtube.com/watch?v=kLDuDXLb-jk


Love Always
mudra

Bank failures in brief

From 2001 to 2012

http://www.fdic.gov/bank/historical/bank/index.html

Failed bank list

This list includes banks which have failed since October 1, 2000

http://www.fdic.gov/bank/individual/failed/banklist.html

Love Always
mudra

Its Exactly What Orwell Wrote About In 1984

https://www.youtube.com/watch?v=A9Xf_1lR8oY


Love Always
mudra