Socio-Economics History Blog

Socio-Economics & History Commentary

ALERT: Global Economic Reset Is Underway Way NOW?!

November 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Get Ready for $7000 Gold & Then $18,000 Gold & U.S. Becomes Third World !

  • Uploaded on Nov 9, 2014
    IN THIS ADDENDUM INTERVIEW:

    - U.S. Mint SOLD OUT of Silver Eagles* ►1:17
    - GLD and ScotiaMocatta being drained of physical gold ►5:38
    - The U.S. government has already defaulted on its debt; China is taking control ►17:01
    - How returning to a gold standard might work ►41:15
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    Main interview: http://www.youtube.com/watch?v=GG2q1u… 

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November 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

UBS To Settle Gold/Silver Manipulation Charges!

Beware_The_banksters_Cartoon

  • UBS To Settle Gold/Silver Manipulation Charges! 
    by http://investmentresearchdynamics.com/ 
    Intrinsic currencies like gold and silver, for example, are acceptable without a 3rd party guarantee.  – Alan Greenspan, (LINK)
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    The Financial Times is reporting that UBS has agreed to settle charges against it by the UK’s Financial Conduct Authority that it engaged in the manipulation of the gold and silver markets.  While it may come as a surprise to chart wranglers like Trader Dan or interminably hot air windbags like Dennis Gartman and Martin Armstrong that gold and silver are manipulated by the big bullion banks, UBS has de facto admitted to such illegal activity.
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    This comes on the heels of a £1.5 billion pound ($2.4 billion) settlement agreement (to be announced Wednesday) that includes UBS, Barclays, Citigroup, HSBC, JP Morgan and RBS connected to charges of foreign exchange market rigging.
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    If these banks are rigging forex trading, it means that they are de facto rigging gold and silver.  Why?  Just ask Alan Greenspan:    “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it…Gold has a monetary characteristic which is intrinsic.”
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    I’m wondering if part of the $40 move higher in gold on Friday was driven by insiders – i.e. the banks – who knew that the UBS gold/silver manipulation settlement deal was going to be announced by the FT today (Sunday, November 9).

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November 10, 2014 Posted by | Economics | , , , , , , | Leave a comment

Leaders of BRICS Countries to Hold Negotiations Before G20 Summit!

BRICS-Logo

  • Considering the fact that the Russian Ruble is under constant attack by the west, it should come as no surprise should the BRICS decides counter-measures. As many as 100+ nations have agreed to the return to the gold standard. The announcement was supposed to have been made in Feb 2014. But the United States refused to comply and instead started a few wars: Ukraine, ISIS(ISIL) terrorism in Iraq and Syria … ie “F*** You!”
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  • The message from Russia and China (BRICS alliance) is very clear: an all out assault of the western global hegemony. Total replacement: BRICS Development Bank to replace IMF / World Bank, alternative Russo-SWIFT to do away with Anglo-SWIFT, BRICS Central Bank (Gold Backed), Gold Trade Settlement system instead of USD, Ruble-Yuan oil settlement instead of USD … etc. The question is whether they will up their schedule from Feb 19, 2015 Chinese New Year period to much earlier, for an announcement on Gold revaluation and Gold Trade Settlement system. Ie. Bye bye USD! Bye bye Gold/silver price suppression.
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  • Leaders of BRICS countries to hold negotiations before G20 summit! 
    by http://rbth.co.uk/ 
    The leaders of the BRICS countries will meet before the G20 summit in Brisbane, Australia, Russian presidential aide Yury Ushakov said. 
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    “The main task is to reach agreements on the main issues on the agenda of the G20 summit. Specifically, the meeting will address the implementation of the decision to launch the new BRICS Development Bank and the pool of contingent currency reserves with a total capital of $200 billion, which was mentioned in the previous summit,” Ushakov told a briefing on Friday.
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    Ushakov said special attention will be given at the BRICS meeting to issues relating to the reform of international financial institutions, specifically, redistribution of IMF quotas.
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    “The BRICS countries favor prompt implementation of the 2010 agreements as the most just and meeting the modern economic reality,” he said. Ushakov said the meeting will also address international issues, specifically, the intensification of the interaction between the BRICS countries in the settlement of regional conflicts, issues relating to the non-proliferation of weapons of mass destruction, counterterrorism, drug threat, and international information security.
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    Ushakov reiterated that Russia plans to give attention to trade expansion and increasing technological and industrial cooperation.
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    The BRICS countries create almost 30% of the world’s GDP ($15.4 trillion) and make up the world’s largest market because some 3 billion people (40% of the planet’s population) live in these countries.
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    Ushakov said the gold and currency reserves of the BRICS countries are approaching $5 trillion and the amount of mutual trade within BRICS had almost doubled in the past five years, from $170 billion to $300 billion. Ushakov reiterated that the upcoming BRICS meeting is especially important to Russia because Russia is the next chair of the organization. “The next BRICS summit will be held in Ufa on July 8-9, 2015, simultaneously with the SCO summit,” he said.

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November 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001 !

Remember the Golden Rule: "He who has the gold rules!"

Remember the Golden Rule: “He who has the gold rules!”

  • Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001 ! 
    by Tyler Durden, http://www.zerohedge.com 
    The last time there was an systemic physical gold shortage was in July 2013. It is then that, for the first time in 5 years, the 1-month Gold forward offered rate, or GOFO, went negative. We said
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    Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time in nearly 5 years, or technically since just after the Lehman bankruptcy precipitated AIG bailout in November 2011. And if one looks at the 3 Month GOFO, which also turned shockingly negative overnight from 0.05% to -0.03%, one has to go back all the way to the 1999 Washington Agreement on gold, to find the last time that particular GOFO rate was negative.
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    Fast forward to today, when as noted over the past week there has been a massive shortage of precious metals – most notably silver which as of this moment is indefinitely unavailable at the US Mint - as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer’s much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001!
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    read more!

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November 7, 2014 Posted by | Economics | , , , , , | Leave a comment

Bo Polny: Major Turnaround For Gold and Silver About To Happen!

Click on image to download MP3 interview!

Click on image to download MP3 interview!

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November 6, 2014 Posted by | Economics | , , , , , , | Leave a comment

Breaking Alert: US Mint SOLD OUT of Silver Eagles! 2 Million Coin Surplus Sold in Under 2 Hours!

  • *Breaking Alert: US Mint SOLD OUT of Silver Eagles! 2 Million Coin Surplus Sold in Under 2 Hours!! 
    by http://www.silverdoctors.com/ , 5 Nov 2014 
    The US Mint has just issued an alert to Primary Dealers across the US that Silver Eagle inventories, which according to the Mint began today at over 2 million ounces, are now SOLD OUT as of 12:30pm EST. 
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    The Mint has reportedly sold through over 2 million ounces in less than 2 hours! It appears that the $15.50 level was the line that broke the camel’s back regarding physical inventories, as physical demand has simply EXPLODED on this morning’s futures dip below $15.20. 
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    *SDBullion took delivery of 10 Monster Boxes of Silver Eagles from the US Mint this morning, and currently have 20 monster boxes left in inventory. When they’re gone, they’re gone!
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    1:45pm EST Update: 
    At approximately 1pm EST, one of the largest Primary Dealers in the US issued a notice to all purchasers that premiums for ANY PREVIOUSLY PLACED PURCHASES FOR SILVER EAGLES ARE NO LONGER VALID! This is simply unprecedented!

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November 6, 2014 Posted by | Economics | , , , , , | Leave a comment

German Precious Metal Dealers Report Huge Run on Silver Coins!

Silver Eagle coin. Going ... going ... gone soon!

Silver Eagle coin. Going … going … gone soon!

  • German Precious Metal Dealers Report Huge Run on Silver Coins! 
    by  
    Precious metal dealers in Germany have literally been run down after the latest slump in gold and silver. Wholesalers already expect deferred deliveries.
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    The latest plunge in gold and silver late last week has led to a sharp increase in demand by German precious metals investors, which also continued on Saturday. There was a particularly strong demand for silver coins. “On Thursday and Friday people had to draw numbers in order for us to control the run”, reports Andreas Heubach, CEO of Heubach Edelmetalle in Nuremberg. “On both days we sold each around 40,000 silver ounces – incredible”, he said. “Demand is back – and hysteria as well”, he evaluated.

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    Tremendous Run
    “The run is tremendous, even today on a Saturday”, Christian Brenner, CEO of Philoro Edelmetalle GmbH in Leipzig and Berlin reports. Despite the high counter trade level in September, demand has increased by 100 percent, online-trade even soared by 300 percent.
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    “Run is not the right expression“, says René Lehmann of Münzland in Dresden. “We’ve seen up to 80 percent of our regular customers taking advantage of the slide to build up more positions. On those two days, on Thursday and Friday, we made approximately 50 percent of our monthly revenue”, he reports to Goldreporter. Maple Leaf (1 oz.), 1 kg Lunar and ½ oz. Great White Shark were particularly in demand, since Münzland had a special offer on them. In gold especially 1 oz. Maple Leaf and 1 oz. bars have been purchased. The ratio of buyers to sellers has generally been at 50 to 1.
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    Dominik Lochmann, CEO of ESG Edelmetall Service GmbH & Co. KG, confirms the surge in silver coins that are subject to differential taxation. Even higher taxed 1 kg silver bullion did very well.
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    read more!

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

Jim Willie: Systemic Breakdown & Economic Collapse GUARANTEED (Part 1)!

  • Jim Willie: Systemic Breakdown & Economic Collapse GUARANTEED! 
    by http://www.silverdoctors.com/
    In this stunning and MUST WATCH interview with Finance & Liberty’s Elijah Johnson, Hat Trick Letter Editor Jim Willie releases a shocking and emphatic prediction as he GUARANTEES a systemic breakdown and complete economic collapse!
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    Willie addresses the latest take-down, whether the Fed has really ended QE, and whether China is now controlling the strings at the Federal Reserve. Jim Willie GUARANTEES complete economic collapse!

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November 5, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Silver Analyst Who Predicted Silver’s Crash to $15 Three Years Ago Says Massive Rally Coming!

Silver_rocket

  • Silver Analyst Who Predicted Silver’s Crash to $15 Three Years Ago Says Massive Rally Coming! 
    by http://www.silverdoctors.com/ 
    Summary
    Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, SD gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses!
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    Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle.
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    Does the ONLY precious metals analyst who forecast silver’s crash from $50 to $15 still believe a silver moon-shot past $1,000/oz is coming along with a full-fledged fiat currency collapse? Take heart silver investors.  The one analyst who saw this coming remains as bullish as ever:
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    Marshall Swing first warned SD readers in March of 2012 that silver could be headed to $15/oz: 
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    Silver to Crash to $15, Then Physical to Rocket Past $1,000 + as Fiat Collapses
    It’s about time for me to write my piece on $15 silver and $500 gold, I think. It seems quite some people get into the market not having the strength to withstand the volatility even though what drew them in was the logic behind the PM story and its validity in time of hyperinflation as a store of wealth.
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    When silver is $500-$1000 those who sold at $26 will be sorry because they will have nothing in the end after the crash… It does not matter what happens with the world’s economy, like some are talking, (such as Faber), about commodities crashing with the slowdown in the global economy.  When the wealth of the world rushes into gold and silver when there is nothing left it will not matter that PM wealth might have devalued 50-75% in the crash.
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    Fake wealth will stay down while real PM wealth will soar. If silver is $15 at the bottom and $1000 at the top then that is 6,700% just based on today’s math. 
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    But if there is the great deflation that I theorize, then what was $1000 goes to nothing so what becomes $1000 is actually many, many multiples of that $1000 as compared to those who have nothing.
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    That is multiplying 1000 times not just 67 times in respect to those who have nothing and the coming revaluation of the world wealth in terms of an asset backed trade system of currency (SDR).
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    So $15 silver ounce at the bottom is really $15,000 in terms of relative wealth, if my logic is correct. Catch my drift?
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    read more!

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

Ted Butler: The Silver Nightmare Will Be Over Soon?! The Argument for a Near-Term Monster Rally!

  • Ted Butler: The Silver Nightmare Will Be Over Soon?! 
    by Adam Taggart, http://www.peakprosperity.com/ 
    The argument for a near-term monster rally  
    Halloween couldn’t have been more terrifying for silver investors. The gray metal cracked under $16/oz on Friday, a price not seen for nearly half a decade. For years now, it has seemed like silver has been beaten down so badly its price couldn’t go lower. But then it has.
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    Why has silver seen such a gut-wrenching price decline? (now down 2/3 compared to its high in late 2011). And will it ever see brighter days again?
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    This weekend, Chris has a long discussion with silver expert Ted Butler on the real culprit behind the wild price slams that have plagued silver: unfairly concentrated positions within the derivatives market:
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    You have to sit back and try and drill down to the cause of what’s going on. Now, the actions by the Bank of Japan and the actions of our own Central Bank have basically been to inflate all investment assets such as bonds, stocks, real estate. And the ironic thing is that in the past whenever we’ve gone through this asset inflation mode ,gold and silver and a variety of commodities have always participated. It stands out this time that, contrary to the movement and all other assets, that gold and silver have been particularly weak.
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    The only explanation for why this is so is that we’ve developed, not just in gold and silver but in all the COMEX and NYMEX metals — copper, platinum, palladium, gold and silver, even items like crude oil and even into the grains — we’ve developed a mechanism that’s so distorted it’s like we’re allowing the inmates to run the asylum. In other words, if you’re looking for the specific cause for why gold and silver have been particularly weak over the last couple of days or any other time period, you can trace it directly to the derivatives market. Specifically the COMEX. There’s such a large volume and it’s not just trading volume, it’s positioning. The positioning is so extreme in these markets and at such a large scale that it actually becomes the tail that wags the dog.
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    We should remember that derivatives (which futures contracts on gold and silver traded on the COMEX are classified as) are supposed to be derived from the real supply/demand fundamentals of any commodity. And that’s supposed to kind of follow what developments there are in the real world of supply and demand. That’s been distorted. That’s not longer the case.
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    read more!

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

No Ebola Quarantine, Greenspan Says Buy Gold, Obama Care Update!

  • No Ebola Quarantine, Greenspan says Buy Gold, Obama Care Update! 
    by Greg Hunter’s USAWatchdog.com 
    The Ebola circus continues, and the Obama Administration officials look like clowns.  Let’s just take a look at a few of the headlines.  “Health System Not Prepared for Ebola” is a headline from the AP, and that is in stark contrast to what we have been told.  “Small clusters could overwhelm the system” is what the article says.  So, this begs the question of why no quarantine?  Some governors in places like New Jersey, New York and Illinois think quarantine is the way to go.  It is scientific technique on how to contain infectious disease, but that is not what the Obama Administration thinks.  Some in the MSM think the same thing.  This opinion piece says the decision by these governors is “hasty” and “adds to the Ebola problem.”  Really?  Well, that is not what the Pentagon thinks because it is “isolating troops back from Africa for 21 days.”  Some of the talking points are downright bogus.   They say things like we should treat these returning health care workers like “conquering heroes.”  Who is going to think these folks are “heroes” if they come back and infect people?  Africa’s best chance of beating this is if America stays strong and uninfected.  If America is consumed by Ebola, or even the fear of Ebola, West Africa hasn’t got a chance.
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    The Federal Reserve supposedly ended its QE program this week.  That is where they printed money to buy bonds to hold interest rates down.  So, what’s going to hold interest rates down now?  Are they just going to put all this Federal debt out for bids and let the market set the interest rates?  Can the Federal government, home buyers, car buyers, credit card holders and the overall economy afford higher rates?  You’ve got to be kidding.  Gregory Mannarino of TradersChoice.net says the Fed can’t just say it wants low interest rates.  It has to do something to keep them low.  Mannarino thinks the Fed is now going to force the big banks that got all this QE to buy Treasury and other government debt.  Mannarino told me that he thinks the Fed is going to continue to print money to finance another form of QE.  He says the money printing has not ended and will never end.  The Fed is just going to call it something else.  The Fed also says the economy and employment have improved, and the third quarter had a 3.5% growth rate.  John Williams of ShadowStats.com says the 3.5% growth rate is “Happy election eve numbers” and says it was boosted by “guessed at trade numbers and defense spending.”  Williams says look for a downside revision.  If the economy was really that good, would we have nearly 93 million people not in the workforce?  There are 46 million people on food stamps, and half of Americans make less than $28,000 a year.  Would mortgage applications be hitting 19 year lows?  Would former Fed Head Alan Greenspan be warning about “turmoil” in the economy because of ending QE?  Oh, and “Maestro” Greenspan is also telling people to buy gold?  Let that sink in, Greenspan is telling people to buy gold!!
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    read more!

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November 1, 2014 Posted by | Economics, GeoPolitics, Medicine & Health | , , , , , , , , , , , , , , , , , , , | Leave a comment

Egon von Greyerz: Disorderly Reset Coming! Dollar Goes to Zero!

  • Egon von Greyerz: Disorderly Reset Coming! Dollar Goes to Zero! 
    by Greg Hunter’s USAWatchdog.com
    Wealth preservation expert Egon von Greyerz is not bullish on the U.S. dollar.  Greyerz explains, “More and more countries are trying to go away from the dollar, and I think the days of the dollar are counted.  I think the dollar is going to start falling rapidly in coming months and years.  Of course, it already has fallen dramatically in the last few decades, but that will now accelerate.  It will go down to its intrinsic value which is zero, which most currencies do over their lifetime.  Of course, we have the movements in Russia and China with alternative currencies for commodities like oil, etc.  There will be a very disorderly reset with currencies falling.  They can’t all fall at the same time, but they will fall dramatically, and gold will, of course, reflect that.  The stock markets are in a bubble, and they will also fall.  I think the secular bull market we have seen is finished.  Now, we are going to see a very long bear market.  Of course, the biggest bubble of them all, where governments do all they can to keep the bubble going, is the bond market.  We have more debt than ever and interest rates at zero.  That just doesn’t add up.”  Greyerz goes on to say, “You can’t have governments borrow more than ever and have interest rates at zero.  You can only do that temporarily because you have governments printing money and artificially holding interest rates down.  That will not last either.  So, the reset will be dramatic.  It won’t happen overnight, but there will be events that trigger short term pitfalls, but this is a long term thing.”
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    Greyerz also predicts, “There will be one event after another, and instead of all the good news we have seen . . . now, we will see just bad news coming out.  Sadly, we are just at the end of a major era.”
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    Greyerz is predicting the end of the U.S. dollar era, and you don’t need a total abandonment for the dollar to crash globally.  Greyerz says, “In any market, you don’t need big sellers to change the price dramatically.  It is always the marginal buying and selling that can make a dramatic difference. . . . If there are sellers and no buyers, that market will collapse.”
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    read more!

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October 30, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Leave a comment

Andy Hoffman: Global Economy Has Collapsed !

  • Andy Hoffman: Global Economy Has Collapsed ! 
    by Greg Hunter’s USAWatchdog.com
    Financial analyst Andy Hoffman says the real global economy is in deep trouble, which is much to the chagrin of the Fed. Hoffman explains, “Recall last April, they started smashing gold and started with the ‘taper’ talk. The Fed figured by about this time, they’d be ready to start hiking rates. The fact is the global economy has collapsed. Our real economy has collapsed. Forget the fake PMI numbers or their ridiculous employment numbers. The economy of the world is getting worse and worse and worse.  No matter how hard they try to say yes, there is a recovery and we are tapering. Interest rates keep falling and falling. There are plunging rates despite all their talk of recovery and tapering.” Hoffman, who also has deep Wall Street experience, points to the recent sell-off in the stock market and the Fed’s reaction. Hoffman contends, “The Dow Jones propaganda average fell a whopping 9% from its all-time highs. The Fed absolutely freaked out. Within minutes, they had the Plunge Protection Team (PPT) running it back up, and no less than six Fed Governors in the space of three days came out and called for extension of QE and extension of zero-percent-interest-rates (ZERP). That’s how terrified they are, and remember, next week is when QE is supposed to end.”

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    Why is the Fed so terrified with even a relatively small market drop from all-time highs? Hoffman thinks, “Their fear is a loss of confidence in the dollar. It’s that simple. . . . Since 2008, all they have left in their arsenal is money printing, market manipulation and propaganda. The propaganda doesn’t work anymore. Nobody believes in recovery, and everyone knows it’s not true.” Hoffman also points out, “Just think about the perception if the Dow fell a thousand points in a day or, let alone, three or four thousand points in a day. They would call it the crash of 1929. Look at Europe. Twenty-five European banks failed the stress test. . . . The banking system, as a whole, is on the precipice right now, and the slightest drop will cause the whole 2008 calamity to start all over again. . . . Once that confidence leaves, everyone races out of currencies, and the stock market and the whole economy mirage collapses.”
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    read more!

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October 28, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Illuminati Gold Bars Stamped with All-Seeing Eye and Adam Weishaupt’s Picture!

The Satanic capstone, the Anti-Christ, on your dollar bill !

The Satanic capstone, the Anti-Christ, on your dollar bill !

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October 27, 2014 Posted by | GeoPolitics, Social Trends | , , , , , , , | Leave a comment

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