The Road Ahead..

Central bank body warns of Great Depression

Gill Montia – Banking Times June 9, 2008

The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s.

In its latest quarterly report, the body points out that the Great Depression of the 1930s was not foreseen and that commentators on the financial turmoil, instigated by the US sub-prime mortgage crisis, may not have grasped the level of exposure that lies at its heart.

According to the BIS, complex credit instruments, a strong appetite for risk, rising levels of household debt and long-term imbalances in the world currency system, all form part of the loose monetarist policy that could result in another Great Depression.

The report points out that between March and May of this year, interbank lending continued to show signs of extreme stress and that this could be set to continue well into the future.

It also raises concerns about the Chinese economy and questions whether China may be repeating mistakes made by Japan, with its so called bubble economy of the late 1980s.

EDITORS NOTE: Quite a few comments have been made that there is no direct reference to the Great Depression in this month’s BIS report.

While this is strictly true, BIS warned in June 2007 - just before the Credit Crunch really hit - that the global economy was vulnerable to a major economic set-back because of extraordinary exposure to collateralized credit.

BIS directly made references to the 1930’s as an example of a similarly serious credit bubble, and this month’s BIS report describes the conditions of this being lived out.

So, to be pedantic, the warning “BIS warns of Great Depression” is actually a year old already. What BIS discusses now is the fragility of existing conditions of the fall-out from a massive credit bubble bursting - which has already been made clear across their reports historically can be similarly referenced to the 1930’s, though stated in a typically conservative and non-alarmist language.

Even what optimism BIS had about a weak recovery to the end of May 2008 have been dashed by extreme shorting of financial stocks across the US and UK - Lehman Brothers, HBOS, and property developers such as Barratts, have all taken extreme beatings in June 2008.

So back to the headline - BIS have indeed already warned of repeat of conditions that could be as extreme as the Great Depression, and are now describing that process as we move through it.

In the meantime, unemployment is already on the rise on both sides of the pond, and the analogy some people have concerns about I’m afraid are still salient.

Brian Turner, Editor, Banking Times.
www.bankingtimes.co.uk/09062008-central-bank-body-warns-of-great-depression/

Illuminatis at works!!..world chaos ahead??

Voice of the White House June 23, 2008

TBR News.org – June 23, 2008

“The Beltway is always awash in rumor, speculation, lies and perversions. Plans to do this or that are sent around, none of which will ever be executed but indicate the mind-sets of the writers. We have Mr. Yoo, the lawyer for Justice who delighted in finding ways to legally torture people. He is now a professor at Berkeley and they deserve him, believe me.

The latest piece of psychotic garbage comes from the Cheney people who have been sending out trial queries to various agencies. There are no real secrets here but everyone thinks there are. And now what is the latest? Why nothing but a strong suggestion that the United States use their long-stored but certainly extant biological weaponry against the countries of Southeast Asia , to include: China , Indonesia , Vietnam , and others. Bombs, you ask? No, destruction of vital SEA food supplies by the introduction of deadly plant diseases.

The idea is to start this nastiness remote from our shores and to use agents that would not thrive in the colder United States so they cannot spread here. That they would certainly spread to Burma , India and other countries has never been considered. The Aussies had this project on their plate some years ago and the project has become a father in that piece of CIA-type nastiness.

Mass SEA starvation would benefit the United States , the proponents suggest, by cutting down the huge populations almost overnight and would also remove any direct threat to the United States for many years to come. If later there is a resurgence of population in China , it won’t be on their watch.

And, of course, destroying their crops and eventually causing the spread of famine and inevitable death, would have the added advantage of preserving the physical assets of the collapsed countries, assets like the great untapped Viethamese oil fields and the factories of China .

Rice is the primary target and we already have developed diseases that would not only wipe out a current rice crop but could so contaminate the growing areas that rice could not be a crop for several generations.

Will this happen? Probably not but the thinking, and the means exist and that is bad enough. When they talk about demolishing nuclear weapons (which is a huge joke) why not add biological weapons to the list?

That will never happen, either.”
www.tbrnews.org/Archives/a2852.htm

See our Inside the White House archive:
www.thetruthseeker.co.uk/category.asp?id=41

A Complete Copy of the Voice of the White House from TBR News April 18, 2004- December 29, 2005

Brilliant,! Yet Simple.~ApaNama

Heheh..wat can I say..(",) Brilliant, yet simple..dats d title posted on bro Apanama's blog on Tun Dr.M's speech on Global-Geo Political Changes & Impact On Trade & Shipping In Asia At The Kuala Lumpur Convention Centre on 24 June 08'... Three cheers to Tun Dr.M.. d Voice of Malaysian, Asian & the world... thnx bro Apanama for d info..heheh..wat can I say...(,")
Well, d speech is about d Malacca Strait & port..wat can I say,..heheh..enjoy..(,")

Freed or Disintegrate,..heheh..

BSA Tahir, d Sri Langkan biznesman associated to Kamal & Shah's fishy Scomi deal is freed frm ISA,..heheh..wat can I say..(",).. hrmm.. i once told d voice bout wat PLah & co cud do to protect K & S dat is make Tahir dissapeared.. well read wat my bro Voicey had to say here... go for it bro..ur d man,..heheh..wat can I say... jst anothr theory..(,")

Well gess i have to start making it known what makes me create dis blogsite wth d name 'conspiracytheorist1'.. well it sort of make me feel obliged to my conscience wen i tink of d possibility of Bro AnWar being my PM,..heheh..wat can I say.. to me bro AnWar is a man of many faces so i will never be able to trust him, not now not ever.. its scary suspecting sum one to b linked to d Illuminatus, d neocons group trying to create a 'New World Order'... well i've been doin my own researching on the World Secret Society network & i believe d need to spread d knowledge about the danger of d illuminatis NwO... i'll also b posting d letter frm d Globalist (illuminatus) later... happy reading..

Confessions of an Economic Hit Man

How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions

We speak with John Perkins, a former respected member of the international banking community. In his book Confessions of an Economic Hit Man he describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies.

John Perkins describes himself as a former economic hit man - a highly paid professional who cheated countries around the globe out of trillions of dollars.

20 years ago Perkins began writing a book with the working title, "Conscience of an Economic Hit Men."

Perkins writes, "The book was to be dedicated to the presidents of two countries, men who had been his clients whom I respected and thought of as kindred spirits - Jaime Roldós, president of Ecuador, and Omar Torrijos, president of Panama. Both had just died in fiery crashes. Their deaths were not accidental. They were assassinated because they opposed that fraternity of corporate, government, and banking heads whose goal is global empire. We Economic Hit Men failed to bring Roldós and Torrijos around, and the other type of hit men, the CIA-sanctioned jackals who were always right behind us, stepped in.

John Perkins goes on to write: "I was persuaded to stop writing that book. I started it four more times during the next twenty years. On each occasion, my decision to begin again was influenced by current world events: the U.S. invasion of Panama in 1980, the first Gulf War, Somalia, and the rise of Osama bin Laden. However, threats or bribes always convinced me to stop."

But now Perkins has finally published his story. The book is titled Confessions of an Economic Hit Man. John Perkins joins us now in our Firehouse studios.

• John Perkins, from 1971 to 1981 he worked for the international consulting firm of Chas T. Main where he was a self-described "economic hit man." He is the author of the new book Confessions of an Economic Hit Man.

To purchase an audio or video copy of this entire program, click here for online ordering or call 1 (800) 881-2359.

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. Information Clearing House has no affiliation whatsoever with the originator of this article nor is Information Clearing House endorsed or sponsored by the originator.)

Well, hope you'll enjoy d articles..i'll keep posting in d meantime, heheh..wat can I say..(,")

Economic Hitman2..

<---- Dat's John Perkins, supposed to b d economic hitman i posted earlier but due to unforseen circumstances i can't seem to edit it n include d link to read d rest, heheh...wat can I say..neway to go to d site click me here & here to John's site..hope u enjoy d articles.. so say no to NWO and bro AnWar...

PLah Makes a Secret Move...

Duh..wat i've suspected had happened... i tink it more or less confirm wat i tot of PLah being d incognito members of d illuminati mite b true aftr all,..heheh..wat can I say..wat next.. bro APANAMA has d story.. n I have d theory,..heheh..wat can I say..wat woz whispered in 2004 upon his ascend to PMship cud b a reality...May God save us and Malaysia..

p.s. bro kheri,..heheh.. see wat i told you bout BSA Tahir n wat Plah cud be doin... apo nak dikato..heheh..(,")

Tun Dr.M being Sabotaged!!..duh..

Dreamweaver
Wat can I say..heheh..tings r quiet for d past 2 days frm Tun M's blogspot..gess wat..i jst read in Jebat Must Die dat Tun's blog was suspended by blogger.com due to spam complaint..
Wth a record hit sum1 felt it woz gud to make false claim about spam comments..well try as they might but Tun Dr.Daddy M is up again thru i gess a different site..read it by hitting me

Neway after a quiet 2 days Tun got his article posted again The Chorus Line
well hope we can enjoy Tun Dr.M's article again without disruption in d new future,..heheh..wat can I say... welcme bac Tun M!!