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

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.

[Ed. Note: The United States government actively seeks to find, and silence, any and all opinions about the United States except those coming from authorized government and/or affiliated sources, of which we are not one. No interviews are granted and very little personal information is given about our contributors, or their sources, to protect their safety.]

Translation to Spanish by: Sister Maru Barraza, Mazatlán, Mexico

www.whatdoesitmean.com/index1109.htm

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