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Socio-Economics & History Commentary

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks!

BRICS-Logo

  • BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks! 
    by Tyler Durden, http://www.zerohedge.com
    As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called “mini-IMF” since the BRICS are clearly furious with the IMF as it stands currently: this is what the world’s developing nations just said on this topic “We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness.”
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    As Putin explains, this is part of “a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies.” Initial capital for the BRICS Bank will be $50 Billion – paid in equal share among the 5 members (with a contingent reserve up to $100 Billion) and will see India as the first President. The BRICS Bank will be based in Shanghai and chaired by Russia. Simply put, as Sovereign Man’s Simon Black warns, “when you see this happen, you’ll know it’s game over for the dollar…. I give it 2-3 years.”
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    * BRICS MINISTERS SIGN DEVELOPMENT BANK AGREEMENT
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    INITIAL SUBSCRIBED CAPITAL OF BRICS BANK IS $50 BLN: STATEMENT
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    read more!

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July 17, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Egon von Greyerz: Dollar Going to Collapse, Debts Can Never Be Repaid !

  • Egon von Greyerz-Dollar Going to Collapse, Debts Can Never Be Repaid! 
    by Greg Hunter’s USAWatchdog.com 
    Gold and financial expert, Egon von Greyerz, says buckle your seat belts–a replay of the 2008 financial crisis will “soon return.”  Greyerz contends, “What happened in 2008 was expected by us for quite a long time.  The solution of $25 trillion to save banks and financial markets was not a solution.  It was just a temporary deferral of the problem.  The money, as we know, went into the banking system, and it didn’t go into the real economy.  The banks in Europe still have the same problems.  They are leveraged as much as before.  Deutsche Bank is leveraged 50 times.  U.S. banks are slightly less leveraged, but they have the derivatives that are not included on their balance sheets; of course, but if you include that, they have more leverage than the European banks. . . . We are now in a situation where every major economy in the world is in a total mess.”  Greyerz goes on to explain, “Japan’s economy is going to disappear into the Pacific.  China is having its problems.  Europe has problems.  The EU will never work and was not supposed to work.  The euro is an artificial currency and, in the long run, will not survive.  The U.S. stock market is at an all-time high, but that has nothing to do with the real economy which is an absolute mess.  So, the world has never been in a situation where all nations simultaneously are having problems that are insoluble.  Every major nation is running a deficit today.  So, right now, I think we are going to revisit 2008; but this time, there is no solution.
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    On the value of the U.S. dollar, Greyerz predicts, “The problem is it’s not just the dollar.  The dollar is the first one that’s going to fall, but all the currencies are in a race to the bottom.  Since 1913 when the Fed was created, we’ve seen a fall of 97% to 99% of ALL currencies against gold.”
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    So, what might this next financial calamity look like?  Greyerz, who controls the largest gold vault in Europe, says, “We are specialists in wealth preservation.  Our task is to analyze the risk and take all the measures possible to protect clients from the risk that we see, and the risks are bigger than ever in the world. . . . We are going to see a major financial disaster and possibly collapse.  The world has been living above its means for a hundred years.  It has gradually gotten worse as central banks have printed more and more money. . . . Just in the United States, in the last eight years, the debt has increased from $8 trillion to $17 trillion.  That is an increase of $9 trillion in just eight years.  That is more money than was created in the creation of the United States from over 200 years ago to when Bernanke took over.  That is happening everywhere in the world. . . . The dollar is going to collapse, and all the other currencies will follow.  It will then be revealed that all these debts can never be repaid.  Will they be repaid with inflationary money?  That’s not repayment.  In the end, there is going to have to be a reset; and I fear that, in the end, there will not be an orderly reset.  I fear we will have a hyperinflationary depression first and then a deflationary depression.”
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    On World War, Greyerz says, “That’s been the rule whenever an empire is collapsing.  The actions they take are they start wars everywhere because then you can frighten people and you can borrow more money.  Of course, to some extent, the United States has done that. . . . There could easily be a war, and just look at Ukraine. . . . Here we have a situation that just arose in the last six months that nobody talked about last year.  That, in itself, is a very dangerous situation. . . . Ukraine is just one situation.  When you take a look at what’s happening with Iraq, Saudi Arabia and the Middle East, it’s a very unstable situation also.  War is certainly a major part of the risks we have.”

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July 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Escobar: BRICS Bank on Its Way to Beat Casino Financial System!

July 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

BRICS Establish $100bn Development Bank to Cut Out Western Dominance!

  • This is a dagger to the heart of the western Illuminati’s global financial, monetary and economic hegemony! The war drums will beat louder.
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  • Published on Jul 15, 2014
    The emerging economies signed a long-anticipated document to create a $100 billion BRICS Development Bank. The institution will counter the influence of Western lending firms as well as the dollar. DETAILS: http://on.rt.com/afyr6y 

The_End_of_the_Dollar_Russia_China_attacks

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July 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Islamic State Terrorism, Iran And Syria Are Now Prepped For The Next False Flag Event !

  • Published on Jul 14, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.14.2014
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    The stock market has hit all time new highs, meanwhile institutional investors are dumping stocks while the every day person is investing. During the 2008 crash construction jobs were lost and never regained. Loan rates will be increasing which will effect 800,000 homeowners. 70% of the Border Patrol guards have been reassigned and are not guarding the borders. Israel continues to bomb Gaza. They are warning the people to leave their homes which indicates the agenda is destroying Gaza so the people cannot live there. There is oil and gas off the coast of Gaza and with the people living there Israel has no access to it. Israel is now using propaganda to include Iran in funding Hamas. Eric Holder has now indicated Sryia, Yemin with the Islamic State in creating the stealth bombs. Be prepared for a false flag.
http://www.telegraph.co.uk/culture/culturepicturegalleries/4220575/Blackjack.html

False Flag attacks coming? Syria, Iran & China will be blamed by the Illuminists!

Alert_Condition_Red_false_flag_operations

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July 16, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Anti-Dollar Alliance Prepares Launch Of BRICS Bank!

http://rt.com/business/171500-russia-2bn-brics-bank/

Click on image for article!

  • Anti-Dollar Alliance Prepares Launch Of BRICS Bank! 
    by Tyler Durden, http://www.zerohedge.com
    Three months ago we discussed in detail the growing anti-dollar hegemony alliances that were building across the BRICS countries (Brazil, Russia, India, China and South Africa). Their efforts at the time, to create a structure that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), appear to be nearing completion. As AP reports, Brazil’s President Dilma Rousseff and Russia’s Vladimir Putin have discussed the creation of a development bank to promote growth across the BRICS and hope to produce an agreement on the proposed institution at this week’s BRICS Summit.
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    As AP reports,
    Brazil’s President Dilma Rousseff and Russia’s Vladimir Putin have discussed the creation of a development bank to promote growth in Brazil, India, China, Russia and South Africa.
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    Rousseff received Putin in the presidential palace in Brasilia on Monday, a day before leaders of the five emerging BRICS nations meet in the northeastern city of Fortaleza.
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    Rousseff told reporters the bank would top the summit’s agenda, adding she hoped the event would produce an agreement on the proposed institution.
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    She said the five countries “are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency.”
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    Brazil and Russia also signed bilateral accords on air defense, gas and education. The leaders who will be present (not so many big fans of the US there)…

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    read more!

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July 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Pastor Lindsey Williams: 2015 – Elite Agenda – New DVD!

http://www.prophecyclubresources.com/2015-ELITE-AGENDA/productinfo/LW-2015EA/

Click on image to order DVD!

  • 2015 – Elite Agenda – New DVD From Pastor Lindsey Williams! 
    by James Harkin, http://www.lindseywilliams.net/ 
    The Elite have told me what will happen in 2015.
    I can keep silent no longer. I must tell you what I know. This DVD will be one of the greatest assets you will have in 2015 as you watch these events transpire. 2015 will be the most unusual year you or I have ever lived through.
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    It has been very difficult for me to produce this DVD. I could not decide how to tell you what I have been told in a way that will persuade you to believe it.
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    In this single DVD, I concluded that it would take several guests and even the heavens to try to describe what will happen in 2015. Never before in history have there been such unusual and startling events that will challenge your very soul.
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    Through the blood moons, God is trying to warn you. History is trying to tell you through the Cycles of Seven. The Elite have zapped you and you are wondering, “what in the world is wrong with me.”

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July 15, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

John Williams: U.S. Economy – Plunge, Stagnation & Turning Down Anew!

  • John Williams: U.S. Economy – Plunge, Stagnation & Turning Down Anew! 
    by Greg Hunter’s USAWatchdog.com 
    Economist John Williams says to forget about the so-called recovery.  What’s coming next is recession or worse.  Williams contends, “The fact that we saw a -2.9% contraction in the first quarter, in official reporting . . . you know the economy is in real bad shape.  It’s continued to the second quarter, and that will gain recognition as all the data gets published.”  Back in 2013, Williams predicted that it would be “game over” in 2014.  What are the statistics showing him now?  Williams says, “They are showing the economy continues to weaken, and it never recovered.  A second quarter contraction here would most assuredly be recognized as a new recession, and I contend we never got out of the old recession.  We had plunge, stagnation and, now, we are turning down anew.”
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    On recent news, the Federal Reserve ending the bond buying program in October. Williams says, “I expect the Fed will always be there to buy it.   I looked at their announcement, and the October end is preconditioned on the economy continuing to show positive economic results as the Fed expects.  That’s not going to happen.  The easings (money printing) that we’ve seen by the Fed have been aimed at propping up the banks by providing liquidity for the banking system.  It’s not stimulating the economy.  Former Fed Chairman Bernanke admitted the Fed was at a point where there was very little they could do to stimulate the economy.  The problem is keeping the banking system afloat.  A weaker than expected economy, and we are looking at something that is much weaker than expected, means the banking system is going to be under further stress.  It hasn’t recovered since the crisis of the panic of 2008.  So, the Fed will want to continue to provide liquidity.  The problem is that is not politically popular.  So, they have been using the bad economy to bail out the banking system, and that is going to continue.  I’ll be surprised if the ‘tapering’ actually comes to an end in October.”
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    So what happens when the second quarter economy comes in weaker than we are all being told?  Williams paints a grim picture and says, “A weaker than expected economy means the budget deficit is going to be worse than expected.  A weaker than expected economy will also tend to trigger selling pressure against the dollar.  I am still looking for a massive decline in the U.S. dollar.  A massive decline and a renewed recession can certainly be a trigger for that.”
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    read more!

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July 15, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Alex Jones & Professor Francis Boyle: Establishment Goal Is Martial Law! Preparation for Martial Law Accelerating!

July 15, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rogers: Only a Russian/Chinese/Brazil Joint-Currency Can Battle Dollar Dominance!

July 15, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming!

http://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article!

  • The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.  He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in that role until 2017.  The Bank for International Settlements is a rather boring name, and very few people realize that it is at the very core of our centrally-planned global financial system.  So when Jaime Caruana speaks, people should listen.  And the fact that he recently warned that the global financial system is currently “more fragile” in many ways than it was just prior to the collapse of Lehman Brothers should set off all sorts of alarm bells.
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    Speaking of the financial markets, Caruana ominously declared that “it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally” and he noted that “markets can stay irrational longer than you can stay solvent”.  In other words, he is saying what I have been saying for so long.  The behavior of the financial markets has become completely divorced from economic reality, and at some point there is going to be a massive correction.
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    So why would the head of ‘the central bank of the world’ choose this moment to issue such a chilling warning? Does he know something that the rest of us do not?
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    According to a recent article in the Telegraph by Ambrose Evans-Pritchard, Caruana is extremely concerned about rising debt levels and the current level of euphoria in the financial markets…
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    The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
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    Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.
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    “Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give,” he told The Telegraph.
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    Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then.
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    read more!
http://www.globalresearch.ca/the-financial-new-world-order-towards-a-global-currency-and-world-government

Click on image for article!

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

Click on image for article!

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July 15, 2014 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Mexico Looks To Back Peso With Silver: “Would Unleash a Global Power Shift”!

  • Mexico Looks To Back Peso With Silver: “Would Unleash a Global Power Shift”! 
    by Mac Slavo, SHTFplan.com 
    For many Americans the country of Mexico conjures up images of a third world nation. The poverty, lack of basic services, and extreme violence has left the populace so desperate that thousands of people on a daily basis head to the United States for a better life.
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    But according to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions.
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    “Take just three or four men out of the ‘anti’ group,” says Hugo Salinas Price, a Mexican multi-billionaire and the man behind the monetary push, “and we could practically get a unanimous ‘yes’ vote in both houses.”
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    Like recent monetary shifts in Russia, China and the middle east that aim to divest themselves of US dollar reserve trade requirements, the news of such a move in Mexico has been downplayed. And though it is being generally ignored as a serious possibility, a powerful consortium of influential people in Mexico believe it is a realistic possibility, and one that could be responsible for shifting the balance of world power.
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    This could be a major turn of events that will have global implications. The action’s set to unfold in Mexico, where many of its most influential and wealthy citizens are demanding the country abandon its fiat currency, the Peso, and return to a silver standard.

    We know that many people are used to looking at Mexico as the violent, crooked, messed up country over the border… the one that sends all those illegals over here because even picking canteloupes for giant U.S. agri-businesses pays better than the job at home… it’s now time to rethink all that, because a silver standard in Mexico would unleash the biggest global power shift since Spain raided the Aztecs 600 years ago.
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    It’s unavoidable. History repeats itself, especially when its exactly the same economic situation.
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    read more!

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July 15, 2014 Posted by | Economics | , , , , , , | Leave a comment

Stockman: The Terrifying U.S. Police State & Total Collapse!

US_Economic_Collapse

  • Stockman – The Terrifying U.S. Police State & Total Collapse! 
    by http://www.kingworldnews.com
    Today David Stockman warned King World News about the terrifying U.S. police state, and total collapse.  KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse.  Below is what Stockman, author of the website contracorner, had to say in his powerful interview.
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    Eric King:  “David, when you look at the militarization of the police forces and the building of secondary armies inside the United States, you never saw anything like this during your tenure in the White House and I wonder how frightening it is when you see that.”
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    Stockman: “It’s very frightening.  And it’s only part of a larger picture that has to do with the fact that in 2014 we have no real industrial-state enemies left in the world, and yet we have a defense budget that is nearly at an all-time high in real terms, and greater than those of the next eight countries combined….
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    read more!
http://www.amazon.com/dp/1590799755

Click on image to goto Amazon!

US 'defence' (war really) budget is well over US$1T when all the discretionary spending are added ! It is over 50% of tax revenues!

US ‘defence’ (war really) budget is well over US$1T when all the discretionary spending are added ! It is over 50% of tax revenues!

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July 15, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 1 Comment

Ron Paul: The Collapse Is Close!

  • Published on Jul 12, 2014
    In this heightened era of government tax and spend — where printing more money is the Fed’s only solution — even our allies are sprinting from the dollar. Nations like Russia and Japan could be turning to the gold standard, and the U.S. is none too pleased.

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July 14, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 3 Comments

Max Keiser: American Financial Quagmire Deepening!

July 12, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | 1 Comment

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