sorcha:Catastrophic Collapse Of Western Economy Looms As US-EU Begin Monetary War

mercredi 18 juin 2008 11 h 05
De:

À:
"Sorcha Faal" <sorchafaal@fastmail.fm>
Cc:
bellringer@fourwinds10.com, sott@signs-of-the-times.org, Ken6@Ken-Welch.Com, help@garth.ca, nenki@conspiration.cc, glennufo@videotron.ca, c.asselin@noos.fr, info@archipelagopr.co.uk


--- 18.6.08, Sorcha Faal <sorchafaal@fastmail.fm> wrote :
De: Sorcha Faal <sorchafaal@fastmail.fm>
Objet: Catastrophic Collapse Of Western Economy Looms As US-EU Begin Monetary War
À: sorchafaal@fastmail.fm
Date: mercredi 18 Juin 2008, 10 h 13

[Ed. Note: This report should be read from its website location at
http://www.whatdoesitmean.com/index1109.htm
...........as this email copy does not
contain the links embedded in the original report.]

June 18, 2008

Catastrophic Collapse Of Western Economy Looms As US-EU Begin Monetary
War

By:
Sorcha Faal, and as reported to her Western Subscribers

The fears issued by France’s Direction Générale de la
Sécurité
Extérieure (DGSE-General Directorate of External Security), as we had
reported on in our March 1, 2007 report “French Security Reports Urges
Food Ban on US Ahead of Massive Drought, Economic Collapse”, appear to
be nearing their dreaded conclusion as ‘open warfare’ has broken out
between the Central Banks of the United States and European Union, and
as we can read as reported by Britain’s Telegraph News Service in their
article titled "Morgan Stanley warns of 'catastrophic event' as
ECB
fights Federal Reserve", and which says:

“The clash between the European Central Bank and the US Federal Reserve
over monetary strategy is causing serious strains in the global
financial system and could lead to a replay of Europe's exchange rate
crisis in the 1990s, a team of
bankers has warned.


"We see striking similarities between the transatlantic tensions that
built up in the early
1990s and those that are accumulating again today.
The outcome of the 1992 deadlock was a major currency crisis and a
recession in Europe," said a report by Morgan Stanley's European
experts.

Just as then, Washington has slashed rates to bail out the banks and
prevent an economic hard-landing, while Frankfurt has stuck to its
hawkish line - ignoring angry protests from politicians and squeals of
pain from Europe's export industry.

The imbalances appear to be getting worse. The latest food and oil spike
has pushed eurozone inflation to a record 3.7pc, with big variations by
country. Spanish inflation is rising at 4.7pc even though the country is
now in the grip of a full-blown property crash. It is still falling
further behind Germany. The squeeze required to claw back
lost
competitiveness will be "politically unpalatable".

Morgan Stanley said the biggest risk lies in the arc of countries from
the
Baltics to the Black Sea where credit growth has been roaring at
40pc to 50pc a year. Current account deficits have reached 23pc of GDP
in Latvia, and 22pc in Bulgaria. In Hungary and Romania, over 55pc of
household debt is in euros or Swiss francs.”

To the full, and horrific, path being trodden by the Western Powers we
can read of its catastrophic consequences as warned of by the Royal Bank
of Scotland today:

“The Royal Bank of Scotland has advised clients to brace for a
full-fledged crash in global stock and credit markets over the next
three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob
Janjuah, the bank's credit strategist.

A report by the bank's research team warns that
the S&P 500 index of
Wall Street equities is likely to fall by more than 300 points to around
1050 by September as "all the chickens come
home to roost" from the
excesses of the global boom, with contagion spreading across Europe and
emerging markets. Such a slide on world bourses would amount to one of
the worst bear markets over the last century.”

To how these dire events will be impacting the peoples of the United
States one only has to look at last centuries Great Depression and the
toll it took on that once great Nation, but, which even to this day they
are not allowed to know the full extent of, and as we can read:

"Another online scandal has been gathering pace recently. Wikipedia, the
free encyclopedia, deleted an article by a Russian researcher, who wrote
about the USA’s losses in the Great Depression of 1932-1933. Indignant
bloggers began to actively distribute the article on the
Russian part of
a popular blog service known as Livejournal. The above-mentioned article
triggered a heated debate.

The researcher touched upon
quite a hot topic in the article – the
estimation of the number of victims of the Great Depression in the USA.
The material presented in the article apparently made Wikipedia’s
moderators delete the piece from the database of the online
encyclopedia.

The researcher, Boris Borisov, in his article titled “The American
Famine” estimated the victims of the financial crisis in the US at over
seven million people. The researcher also directly compared the US
events of 1932-1933 with Holodomor, or Famine, in the USSR during
1932-1933.

In the article, Borisov used the official data of the US Census Bureau.
Having revised the number of the US population, birth and date rates,
immigration and emigration, the researcher came to conclusion that
the
United States lost over seven million people during the famine of
1932-1933.

“According to the US statistics, the US lost not less than 8 million
553
thousand people from 1931 to 1940. Afterwards, population growth indices
change twice instantly exactly between 1930-1931: the indices drop and
stay on the same level for ten years. There can no explanation to this
phenomenon found in the extensive text of the report by the US
Department of Commerce “Statistical Abstract of the United States,” the
author wrote."

Coupled with the fears of the catastrophic economic collapse of the
Western Nations is the growing annihilation of our Planets main
pollinators, and as we had reported on in our March 26, 2008 report
titled “Fears Grow Over ‘Catastrophic’ US Biosphere Collapse”, with
Scotland being the latest Nation to report the destruction of their bee
hives:

“Scotland's
population of honeybees could be wiped out by a mystery
virus.

Known as the Marie Celeste Syndrome, it has already killed million of
insects around the world.
Beekeepers say Scottish swarms – which total
half a billion bees – are at risk because defences against the virus are
"woefully inadequate".

In Marie Celeste Syndrome, also known as Colony Collapse Disorder,
worker bees disappear without trace and never return. The epidemic is
believed to be triggered by a bug known as Israeli Acute Paralysis
Virus, which causes paralysis leading to death.

Enid Brown, of the Scottish Beekeepers Association, said: "If the
Israeli virus gets a grip here, we would have major problems. "At worst
we would end up with no honeybees and the effect on crops would be
massive.”

Most surprising, however, of all of these events is how long ago they
were predicted to occur, but in a World today believing
itself to me
more ‘advanced’ than those of our parent ancestors these ancient
warnings are falling upon deaf ears.

But, and as our most ancient history has
repeatedly shown, to ignore the
warnings of those ancient peoples, who constructed a civilization that
even with all of today’s technological marvels cannot be duplicated, is
to deny the very essence of who we are as human beings and why we are
living here to, once again, relive again our most primal fears.

Monsters do indeed exist, these peoples are about to find that out this
fact beyond their worst imaginings.

© June 18, 2008 EU and US all rights reserved.
http://www.whatdoesitmean.com/index1109.htm
--
Sorcha Faal
sorchafaal@fastmail.fm




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