Socio-Economics History Blog

Socio-Economics & History Commentary

Egon von Greyerz: Global Deflationary Implosion Will Start Money Printing!

  • Global Deflationary Implosion Will Start Money Printing! 
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Gold expert and money manager Egon von Greyerz says Japan is leading the parade to the bottom of the currency heap. Greyerz says, “Japan is printing unlimited amounts, and we can see that yen is leading the race to the bottom of the currencies.  Gold in yen is now only 10% below the peak because printing is debasing the currency.  That is what gold reflects.  Gold just reflects the destruction of paper money.  That’s happening in Japan, and it will happen in most other countries.   Greyerz goes on to say, “The Eurozone is under tremendous pressure, and it is virtually going into a deflationary implosion, and the ECB (European Central Bank) cannot let that happen because there will be no chance of the European banking system surviving with a deflationary implosion. Therefore, I am absolutely convinced the ECB is not far from starting to print major amounts of money, and that will accelerate in the next year. The U.S. is just a little bit behind, and the U.S. will also have to start printing money.”

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    Greyerz also predicts, “The yen is collapsing, and I think the next one to fall is probably the dollar, and I think that fall could actually be imminent. That’s going to happen at the same time gold starts going up.”  Greyerz goes on to explain, “There is no reason for the dollar to be strong.  It is size wise the most indebted economy in the world.  The so-called good figures coming out of the U.S. are not happening in the real economy.  It’s happening for some companies through financial engineering and the figures are not as good as they are being reported. We know ordinary people are suffering in the U.S., and the U.S. has the biggest debt in the world that will never be repaid. Tax revenues are more or less constant while the debt is going up exponentially.”
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    read more!

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December 8, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Voices Grow Louder To End The US Dollar’s Reserve Status!

PetroDollar is dying!

PetroDollar is dying!

  • Who are the people behind all the calls to drop the USD as world reserve currency? They are the same serpents behind the USD as the world reserve currency in the first place: the Synagogue of Satan. The snakes are simply implementing their plan to kill the dollar and replace it with a One World Currency backed by gold –> ‘666’! I am not a fan of the USD, petrodollar hegemony. But I am not naïve and gullible to believe that these people want a solution which is good for America and the world!
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  • Voices Grow Louder To End The US Dollar’s Reserve Status! 
    by Tyler Durden, http://www.zerohedge.com 
    When no lesser establishmentarian than Obama’s former chief economist Jared Bernstein called for an end to the US Dollar’s reserve status, it raised a few eyebrows, but as the WSJ recently noted, the voices discussing how the burden of being the world’s reserve currency harms America, more than just Vladimir Putin is paying attention. While some argue that “no other global currency is ready to replace the U.S. dollar.” That is true of other paper and credit currencies, but the world’s monetary authorities still hold nearly 900 million ounces of gold, which is enough to restore, at the appropriate parity, the classical gold standard: the least imperfect monetary system of history.
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    Authored by Lewis Lehrman and John Mueller via The Wall Street Journal Op-Ed,
    For more than three decades we have called attention on this page to what we called the “reserve-currency curse.” Since some politicians and economists have recently insisted that the dollar’s official role as the world’s reserve currency is instead a great blessing, it is time to revisit the issue.
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    read more!

Ron_Paul_Merger_of_ECB_FedRes_BOJ_WorldCentralBank

  • “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
  • “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” - Ron Paul

Carroll_Quigley_Tragedy_n_Hope2

Satanic capstone ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with 'peace' in a world wrecked by global wars!

Satanic capstone ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with ‘peace’ in a world wrecked by global wars!

Luciferian_New_World_Order_Koch_n_Spangler

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December 6, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , | 1 Comment

Jim Willie: “The Western Banking Cabal’s Stranglehold”! Rise of the New World Order?!

  • Published on Dec 4, 2014
    http://www.trunews.com

    SPECIAL GUEST: Jim Willie
    Vlad Putin reminded the West today that the Nazis could not defeat the Russian Army. Is anybody in the USA paying attention? Financial analyst Jim Willie spends one hour with Rick today. Mr. Willie said we are in the final stage of the break-up of the Western banking cabal’s stranglehold on the world. You’ll hear a financial analysis that you won’t read in the Wall Street Journal or hear Jim Cramer say on CNBC.

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December 5, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

John Williams: America and the Dollar is in Trouble!

  • John Williams: America and the Dollar is in Trouble! 
    by Greg Hunter’s USAWatchdog.com 
    Economist John Williams is not buying the recent 3.9% GDP upward revision. Williams explains, “No one I know thinks we are growing at 3.9% other than they are trying to sell a bill of goods to the markets, specifically the currency markets. 3.9% is nonsense. You had 4.6% growth in the second quarter and 3.9% in the third.  Here you had two quarters at close to 4%, and we have not seen anything like that since 2003.  This is the strongest economy we have seen in 11 years, and I can tell you Main Street USA is not seeing that. . . . If you understate inflation, which the government does, you overstate inflation adjusted growth, and that is probably the biggest problem in the GDP report.”
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    Recently, the U.S. deficit passed the $18 trillion mark, but using honest accounting, Williams says the debt picture is much worse, “Using generally accepted accounting principles with expenses and obligations, what you are seeing is the actual deficit. Instead of being half a trillion dollars last year, it was more like $6 trillion in the same length of time.  The gross federal debt right now is $18 trillion.  If you add on the unfunded liabilities such as Social Security and Medicare, you are approaching $100 trillion in terms of total federal obligation.  There is just no way that can be covered. . . . The government, long term, is bankrupt.”
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    read more!

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December 5, 2014 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

Financial Derivatives 10 Times the Size of the Global Economy: Trigger to a Global Financial Meltdown?

  • Published on Dec 3, 2014
    Today on The Janssen Report (#88): the financialization of pretty much everything has caused incredible systemic risk on top of so-called collateral. In fact, this collateral is the true value upon which most derivatives are based, such as gold, silver, oil and real estate.

    It turns out that even the biggest financial experts do not truly understand derivatives. It’s a large “unknown”. Just recall Warren Buffett’s letter to shareholders about his failure to unwind the derivatives portfolio of one of his newly acquired companies in the late 90s. He called derivatives a potentially lethal time bomb.
    Estimates concerning the volume of the derivatives market range from 700 Trillion dollars to upwards of 1.5 Quadrillion dollars (including what is sometimes referred to as shadow derivatives).
    Let’s look at the sheer size of the numbers alone:
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    700 Trillion = 700,000,000,000,000
    1.5 Quadrillion = 1,500,000,000,000,000
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    The size of the economy is at about 70 to 75 Trillion dollars (annual World GDP):
    75 Trillion = 75,000,000,000,000
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    All it takes is one domino to bring down this house of cards (or inverted pyramid) and create a vortex that will suck all the value out of this scheme.
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    Imagine the epic blow to financial institutions around the globe if their balance sheets start to vaporize. And then imagine what this will do to your personal financial situation.
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    Educate yourself, act and become self-reliant. Stay tuned to The Janssen Report!

WarrenBuffet-Financial_Derivatives_r_WMD_n_time_bombs_for_the_economic_system

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December 4, 2014 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Jim Willie: No Prisoners in The Global Money War!

December 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: Gold Shortage, Suppression, and Exploding Price Disconnect! Off-Sheet Gold Banking Leading to Chainsaw Massacre!

  • Published on Nov 27, 2014
    Bullion banking & financial expert Rob Kirby joins us to lay out the shocking history of gold confiscation, price suppression, lawlessness, abuse of power, and misuse of dangerous new financial instruments that caused the global financial collapse of 2008, and which have propelled us to a much more treacherous precipice today, with the façade of the US dollar propped up by the inconceivably leveraged house of cards of derivatives, zero-interest free money, and carving out/leasing and selling away all the physical gold from its rightful owners. What must you do to protect yourself and your family from financial elimination by this clear and present danger?

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    IN PART 1:
    - Gold Anti-Trust Action Committee (GATA) is a premier source for reliable insight on gold and silver price suppression.
    - Bank of England concerned about gold leased & sold into the market.
    - Bankers admit to illegal financial price rigging.
    - Gold Shortage! – Premiums are skyrocketing to 75%-100% over spot for large volume physical bullion buys in Asia.
    - Rob studied the Gold market, but couldn’t make heads or tails out of it: it’s not a free market!
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    IN PART 2:
    - How & Why off-sheet gold banking was born in Canada, and led to the flood of foreign banks into Canada and geometrically explosive instruments being abused to control the financial markets,
    - Interest rate derivatives are being mis-used like a chainsaw in a “Chainsaw Massacre”
    - Naming Names: Who are the “Magnificent 5” banks holding the most trillions in derivatives? But the United States Treasury is the real initiator and very clandestine!
    - Exchange Stabilization Fund (ESF) founded in 1934, funded by the confiscated gold from 1933, publishing no financials, accountable to nobody, operating above the law!
    - LIBOR – 3Q’2007 reported to be broken → Bear Stearns collapse, – Hedge funds holding “subprime residential mortgages” rated AAA FAILED! It’s like saying the Sun crashed into the Earth!

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December 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Gas War as Saudis Target US Oil Independence!

  • Published on Dec 2, 2014
    Gold tumbles as Swiss voters reject referendum to back the Swiss Franc with 20% in gold but plummeting oil prices are a strategic and political move by the Saudi government. The Saudis hope to depress oil long enough and low enough to drive American shale-oil producers out of business and perhaps damage Russia economically as well. But it may inflame tensions in the Middle East as well. Enjoy the $2/gallon gas now — you may pay dearly for it later.

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    GOLD TUMBLES AFTER SWISS REFERENDUM, OIL HITS FIVE-YEAR LOW – http://www.infowars.com/gold-tumbles-…
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    Swiss set for gold vote amid ‘6,000-year bubble’ warning – http://www.cnbc.com/id/102223258

    Saudis risk playing with fire in shale-price showdown as crude crashes – http://www.telegraph.co.uk/finance/oi…
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    Vaccines Will be Made from Human Cancer Tumors – http://www.infowars.com/vaccines-will… 

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December 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Mainstream Media Finally Admits to Massive Gold Manipulation!

Ernest_Bevin_Newspaper_MSM_Amuse_Entertain_Mislead

  • Mainstream Media Finally Admits to Massive Gold Manipulation!
    by Joshua Krause, Activist Post 
    For most gold investors, the manipulation of the price of precious metals has been blatant and obvious. Almost everyone who buys physical gold and silver believes that big banks and governments have a vested interest in keeping prices down to support their fiat currencies, and that the market is rigged with massive amounts of “paper” gold.
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    If there was no funny business going on, then there would be no reason to buy physical gold. Doing so is basically a middle finger to the banks, and can be your way of telling the manipulators that you aren’t playing their game.
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    If anything, this market rigging has been solely responsible for the growth of the gold movement. And make no mistake, it is a political movement, just as much as it is a financial movement. With the price being kept artificially low, everyone who knows about this manipulation, also knows that they are getting a great deal when they buy precious metals. They know what it’s really worth, and realize that in the long term, the manipulation can’t last forever.
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    read more!

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December 3, 2014 Posted by | Economics | , , , , , , , , , | Leave a comment

Gold Shortages So Bad the Spot Price is Meaningless as Premiums Reach 30-40%!

Where's the gold?

Where’s the gold?

  • Gold shortages so bad the spot price is meaningless as premiums reach 30-40%! 
    by http://www.secretsofthefed.com/ 
    When investors and the general public realize that the U.S. based Comex spot price for gold and other precious metals is a meaningless indicator, then demand for the monetary metals may eventually skyrocket as they are predicted to do after this Sunday’s vote in Switzerland over a gold referendum and return to the gold standard.  But until then, only major buyers of the metals know the dirty little secret that could be worth thousands or millions of dollars to the quick.
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    And that is, gold shortages are now so great that premiums for large purchases are upwards of 30-40% above the manipulated spot price that issues daily from the Comex and from London.
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    “It is interesting to note that benchmark gold-dollar swap rates have recently traded negative, meaning investors are paying to borrow gold. This is unusual as gold is traditionally used as a source of collateral for cash financing…. [A] number of factors may play a role, such as excess dollar liquidity or an increased demand for collateral on the back of the global regulatory developments.” In short a gold shortage at the institutional, read commercial and central bank, level. And not just a shortage but the biggest shortage in history, judging by today’s latest plunge in the 1 Month GOFO which just dropped to -0.5% and , worse, 1 Year GOFO that just hit its lowest print in the 21st century, and is also about to go negative: something that has never happened before further suggesting the gold shortage could go on for a long, long time! – Zerohedge 
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    read more!

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December 2, 2014 Posted by | Economics | , , , , , , , | Leave a comment

It Wasn’t The Swiss: Continuing Plunge In GOFO Means No Easing Of Worst Gold Shortage In Over A Decade!

Russia-gold

  • It Wasn’t The Swiss: Continuing Plunge In GOFO Means No Easing Of Worst Gold Shortage In Over A Decade! 
    by Tyler Durden, http://www.zerohedge.com
    Yesterday, when we commented on what was largely a pre-determined outcome of the Swiss gold referendum, we said that there still “is the question of what happens to the tension in the gold swap market: as noted last week, the 1 Month GOFO rate had tumbled to the most negative in over a decade. It was not clear if this collateral gold squeeze was the result of Swiss referendum overhang or due to other reasons. The market’s reaction on Monday should answer those questions.”
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    Well, a few hours ago we got the GOFO update for the “day after” and the answer is clear: it wasn’t fear of the Swiss referendum after all because the 1 Month GOFO just crashed even deeper into negative territory with the entire curve through 6M now red, and with 12 month GOFO just 0.6 bps away from negative for the first time. At this rate, tomorrow’s update will suggest that big institutions expect the gold swap shortage to persist through the end of 2015!
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    read more!

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December 2, 2014 Posted by | Economics | , | Leave a comment

Rob Kirby: Gold Selling for at Least 50% Over Spot in Asia!

  • Gold Selling for at least 50% over Spot in Asia-Rob Kirby! 
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    A few months ago, financial analyst Rob Kirby said the gold price was ready to go up. In the international market, where it is sold by the ton–it has. Kirby explains, “For large amounts of bullion in the Asian market, the pricing mechanism has completely and utterly divorced itself from the fraudulent paper prices that are being reflected in the exchanges in the Western world.

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    In the Asian market, if you could find . . . physical bullion . . . as cheap as spot plus 50%, you’d be doing really, really, really well . . . and you’d be hard pressed to find serious tonnage at that price in Asia.”
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    Kirby, who specializes in acquiring large amounts of physical gold for clients, sees physical gold bullion selling for at least “50%” over spot, which would put the price of gold in Asia at least $1,800 per ounce.   Kirby also says, “Prices being paid right now in Asia make a mockery of the prices being shown in COMEX and the LBMA (London Bullion Market Association).  These paper markets have divorced themselves from the laws of economics.  The paper gold price and the paper silver price has utterly stood economics on its ear because rudimentary economics tells you as demand increases, prices are supposed to increase.  Simple supply and demand dictate this.  The precious metals market in the Western world is the only market in the world where increased demand means a lower price, if you want to believe that.”

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December 1, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Strengthening US Dollar Killing Global Economy!

  • Published on Nov 28, 2014
    Jason Burack of Wall St for Main St had on as a returning guest editor of The Hat Trick Letter at Goldenjackass http://www.goldenjackass.com/main5.html Jim Willie.

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    During this hour+ interview, Jason asks Jim about OPEC, the Saudis and if the oil price is intentionally being moved lower by the US government and Wall St to hurt the Russians.
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    Jim doesn’t think the US is moving the oil prices lower because lower oil prices mean most US shale oil producers will go bankrupt.
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    Jason and Jim discuss why the Dutch got their gold back and why the Germans did not. They discuss what the Saudis are doing, why Japan is printing so much money and why every developing world country seems to be announcing bilateral trade agreements and currency swap lines with each other.
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    Jim thinks the low oil price combined with a relatively strong US Dollar is killing the global economy faster and will accelerate a change to the next global financial system. He goes in depth about why during this interview.

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December 1, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

India ENDS Gold Import Rules!

November 29, 2014 Posted by | Economics | , | Leave a comment

This Sunday May Mark the End of Western Monetary Dominance!

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

  • This Sunday may mark the end of Western monetary dominance! 
    by , http://www.sovereignman.com/  
    …. The West has been the dominant superpower for centuries. Yet like the Byzantines before, the West is in obvious decline. At this point insurmountable debts and deficits plague nearly all Western governments. And they make up the difference by debasing their currencies.
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    This has created massive distrust, especially in the world’s most dominant reserve currency today, the US dollar.
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    Like the Venetians and Florentines before them, rising powers in Asia are starting to take matters into their own hands. The Chinese renminbi (though surely not a one-way bet) is rising in international prominence. And China is at the center of a new emerging global financial system being set up in partnership with Russia, India, Brazil, etc.
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    Western dominance was born from a distrust in the dominant reserve currency at the time. Its decline will be because they followed the same route. And the canary in the coal mine is what’s happening in Switzerland this weekend. On Sunday, the people of Switzerland are going to the polls to vote on a return to the gold standard.
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    It was only 14 years ago that the Swiss franc, traditionally seen as a safe haven currency due to Switzerland’s reputation for stability, was still on a gold standard. In fact, of all the major currencies, the Swiss franc was the last to abandon prudent monetary standards. Ever since then, the Swiss National Bank’s balance sheet has absolutely exploded.
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    Now there’s a national election to return to a gold standard and conservative monetary policy. Right now the polls suggest that the Swiss are leaning towards ‘NO’, i.e. they want to continue to abandon prudent practices and hand over total control of the money supply to unelected central bankers.
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    And if the country that has the world’s strongest traditions for financial stability chooses to turn its back on sound money, what hope is there for the rest of the West?
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    If the Swiss vote NO this weekend, I view that as a major watershed moment in signaling the beginning of the end of Western monetary dominance. We can already see the signs everywhere.
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    read more!

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November 29, 2014 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , | Leave a comment

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