Socio-Economics History Blog

Socio-Economics & History Commentary

David Morgan: Silver Forming the Most Bullish Cup & Handle Possible!

  • David Morgan: Silver Forming the Most Bullish Cup & Handle Possible! 
    by http://www.silverdoctors.com/ 
    Silver expert David Morgan joins SD Metals & Markets for an explosive show:
    • David breaks down this week’s trading in gold & silver: David states that silver is forming the most bullish cup & handle formation possible, and joins The Doc’s sentiments that you do NOT want to be short gold or silver this weekend ahead of the Crimea referendum
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    • David provides his medium and long term outlook for the metals, including when the next avalanche of momentum buying to the upside will come, and predicts when the final blow-off top to the long term secular gold and silver bull markets will materialize
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    • The Fed’s custodial treasury bond holdings plunge by $105 billion in the past week, as Russia likely pulled their t-bond holdings from the Fed to prevent an asset freeze in response to the annexation of Crimea (Putin is 1-stop ahead yet again)
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    • We break down the build-up for war, and what to expect this weekend as the dominoes begin to fall in Ukraine.  Are we on the brink of a military confrontation between two nuclear superpowers?
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      read more!

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March 18, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Sinclair: Putin Has Nuclear Economic Bomb!

Sinclair added, “We’re in a hell of a mess.  If the world drops the ‘Petrodollar,’ we’ll have a hot war in a week.  We will go to war over the Petrodollar.”

  • Putin Has Nuclear Economic Bomb-Jim Sinclair! 
    by Greg Hunter’s USAWatchdog.com   (Early Sunday Release)
    World renowned gold expert Jim Sinclair is worried about the crisis in Ukraine.  Sinclair says, “Welcome back to the cold war that can get hot overnight.”  It appears President Obama has brought back the Cold War, and Sinclair contends, “He’s brought it back by changing to a new normal diplomacy, making outrageous threats on a continuing basis rather than seeking a solution.”  The referendum vote in Crimea that is overwhelmingly in favor of joining Russia, and yet, officials in the West say it is illegal or illegitimate.  Sinclair says, “To say that is to deny the reality the government in the Ukraine is a government created by a coup.  To say that is to bring us to the brink of war. . . . Mistakes can happen.  War can start anytime you have two entities together with weapons of war looking at each other with lots of hate.  I am concerned about the mistake of aggressive machinery and aggressive people looking right at each other.”
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    On possible U.S. sanctions on Russia, such as excluding them out of the international payment system called the SWIFT system, Sinclair says, “The use of the SWIFT system (Society for Worldwide Interbank Financial Telecommunication) to create a difficulty, almost a prohibitive difficulty in doing business by preventing bank wires, that would be one of the possibilities.  Already, the BRICS nations are developing their own SWIFT system.  So, the mistake of using the SWIFT system, short of absolute war, is that it has created a competitor that all the BRICS will be using.”  Sinclair also thinks, “To sanction Russia is to forget that Russia supplies Europe with its gas supplies.  To sanction Russia is to forget there are many U.S. and European corporations operating within Russia right now.  I honestly believe sanctioning Russia is the same as shooting yourself in the foot.” Sinclair goes on to say, “When you think you can push an ex-colonel of the KGB, you are not making a proper analysis of the personality of the person.  The whole idea that Russia is only a regional power–where in the world did that come from?  Anybody that is nuclear capable to the degree that Russia is with its delivery systems is a world power.  We hear constantly Russia is only a regional power.  We hear lies.  We hear untruths.  We don’t have a clear picture to what is taking place.” 
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    On Russia countering Western sanctions, Sinclair says watch the “struggling dollar” and Russia accepting any currency for oil and natural gas.  Sinclair explains, “It’s struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe.  Believe me, they will settle in other currencies. . . . It makes energy cheaper.  Why in the world would anyone want to pay in dollars if they can pay in their own currency?  Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand.  They have it in their ability to turn the U.S. economy upside down and into collapse.  There is no question whatsoever.  Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”
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    What would the price of gold be this year?  Sinclair predicts, “Gold has $2,000 an ounce in its sites in 2014.”  On silver, Sinclair says, “Silver is gold on steroids.  When gold takes off, silver goes up faster. . . . So, the idea you are going to get an old high on silver or better is a given.”
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    Last year, Sinclair, predicted gold will hit $50,000 an ounce sometime in the next several years. Is he still sticking with that prediction?  Sinclair says, “I am still sticking by that, and the $50,000 per ounce is predicated on a shift in the mechanism on determining gold’s value from the paper markets to the physical markets.  Should that emancipation take place, it is a possibility and could become a reality.”  Sinclair goes on to explain, “Something has to happen.  Emancipation of gold from the paper market will be a product of the drawdown of the inventories of the warehouses.  I don’t believe for a moment that the COMEX is going to default, but I believe quite certainly that the COMEX will go from settling in gold to settling in cash.”  So, how can the gold market be manipulated up or down in price?  Sinclair says, “I can tell you exactly how it’s done.  You just offer or demand supply . . . that is beyond any capacity that can be met.  We’ve already had one day where two and a half years production was offered for sale.  It couldn’t be in a physical market that has to deliver within three days.  It can only be in a paper market that doesn’t have to deliver.”  

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

Alasdair Macleod: The Latest Trends on Gold !

March 13, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Russia to Demand Rubles or Gold for Oil, US Dollar Will Decline By 80% in the Next 3 Years!

  • Jim Willie: Russia to Demand Rubles or Gold for Oil, US Dollar Will Decline By 80% in the Next 3 Years!! 
    by http://www.silverdoctors.com/ 
    The Hat Trick Letter writer Dr. Jim Willie  contends that the real problem for the West will be paying for oil and natural gas in something other than dollars.  Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. . . . I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold.  Screw the dollar.  I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds.  One of the principle foundations of the dollar is not gold, it’s the military.  We’re seeing it now.
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    Dr. Willie predicts we will see a shocking 80% decline in the value of the U.S. dollar in three years.”
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  • Ukraine-Desperation to Save the U.S. Dollar-Dr. Jim Willie! 
    by Greg Hunter’s USAWatchdog.com    (Early Sunday Release)
    Newsletter writer Dr. Jim Willie thinks the Ukraine crisis is an enormous struggle for financial power between East and West.  Dr. Willie contends, “I believe what we got with Ukraine is an absolutely desperate situation where the U.S. government realizes we have to stop Ukraine from becoming a central transit point for energy pipelines in the fast developing Eurasian Trade Zone.  They need to stop the Eurasian Trade Zone because the United States and England are largely going to be excluded.  If you look behind the curtain to see what is really going on, I believe this is the third attack on Russia’s Gazprom.  It is a giant monopoly that Russia controls for natural gas.  The first attack was veiled and it was Cyprus.  Gazprom bank was gigantic and it was in Cyprus. . . . Furthermore, Russia was using Cyprus as a clearing house for buying gold bullion. . . . The second attack against Gazprom was Syria.  Iran pipelines were to be connected with Syrian ports. . . . There is a war in the way.  That’s what the U.S. does.  There is a war in the way.  Now, we have the third attack against Russia Gazprom.  The U.S. and Europe actually believe if they control the gas pipeline valves, they can control the flow on the Western corner (of Ukraine) that feeds Romania, Poland and Hungary.  They actually believe if they control the valves, they can control the flow.  What if the flow is cut off?”  Dr. Willie, who has an earned PhD in statistics, thinks the manufactured Ukraine crisis is an act of desperation by the U.S.  Dr. Willie explains, “Have you ever know someone truly desperate, who has no options, that did stupid things?  That’s what we are seeing now.”
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    Dr. Willie goes on to say, “There are so many sides closing in on the United States that it is almost becoming a tragic comedy. . . .  These guys are running out of options.  When I heard that Secretary of State Kerry made a threat to exclude Russia from the G-8, I said, ‘yeah right.’  That’s going to backfire, and the U.S. will be isolated. . . . I made this forecast about three years ago.  I said watch the G-8 become irrelevant and the G-20 take over and China run it as opposed to the U.S. and Britain.  That has now happened in the last year or 18 months.  We just had a G-20 meeting in Australia, and China just railed on the United States.  They said you are living off fumes.  You are living off the printing press with no justifiable income.  Your economy is a fake.  This is getting hostile, and it was in a G-20 meeting.”
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    The real problem for the West will be payment for oil and natural gas in something other than dollars.  Dr. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas.  If they demand ruble payment, it immediately puts the kibosh and sabotages all Wall Street and London intervention games where they are trying to punish Russia by seeing their currency decline.  We’re not in the driver’s seat being a big debtor.  We’re not in the driver’s seat being a big importer of energy.  We’re not in the driver’s seat on anything.” 
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    read more!

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March 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Ukraine is the Waterloo Event for the US Dollar!

Dollar crash dead ahead !

Dollar crash dead ahead !

  • Jim Willie: Ukraine is the Waterloo Event for the US Dollar! 
    by Jim Willie, via http://www.silverdoctors.com/ 
    Summary
    The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card (aka Narcotics And Treachery Outlaws) with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room.
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    It involves putting tremendous risk for much more clear isolation of the United States. The more the USGovt pushes, the more the US will be isolated. Remember that Nazis steal from their enemy states, de-fraud from their allied states, and force themselves into an isolated state. In Ukraine, the United States has over-played its weak hand. Already, a secret document was leaked in London that the UKGovt would not support the US-led sanctions against Russia.
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    Ukraine is the Waterloo event for the USDollar.
     

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    by Jim WillieGoldenJackass.com 
    History repeats itself from the Kremlin phone calls made during the Syrian conflict just a few months ago, when the UKGovt withdrew its support and left the US isolated, looking very weak. Already, Putin has threatened to dump USTreasury Bonds. Putin aptly calls the Anglo-Americans as Mutants. Imagine the lunacy of trying to cut off the only Russian warm water military naval port in the Crimea. Just as stupid as the Trans Pacific Partnership faux pas, trying to cut off China from its Asian neighbors and partners in trade. The intelligence level of the USGovt has never been more stupid, destructive, and in full view. The lost ground for the United States is obvious and glaring in the Persian Gulf, the Mediterranean Sea, and the Caucasus region.
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    IMMEDIATE PETRO-DOLLAR RISK
    If the Kremlin demands Gold bullion (or even Russian Rubles) for oil payments, then the interventions to subvert the Ruble currency by the London and Wall Street houses will backfire and blow up in the bankster faces. Expect any surplus Rubles would be converted quickly to Gold bullion. If the Chinese demand that they are permitted to pay for oil shipments in Yuan currency, then the entire Petro-Dollar platform will be subjected to sledge hammers and wrecking balls. The new Petro-Yuan defacto standard will have been launched from the Shanghai outpost. If the Saudis curry favor to the Russians and Chinese by accepting non-USDollar payments for oil shipments, then the Petro-Dollar is dead and buried. The rise of the Nat Gas Coop run by Gazprom is in progress, its gas pipelines to strangle the OPEC and its bastard Petro-Dollar child. The entire USDollar foundation with the USTreasury Bond bank reserve structure is at risk is collapsing, as consequence to the desperate adventure and criminal activity conducted in Ukraine. Just like with Syria, a hidden giant energy deposit is concealed under the table. Off the Lebanese and Syrian coast, a massive off-shore energy deposit was recently discovered. The US & UK & Israeli oligarchs wish to take it all. Confusion is their game. In the western plains of Ukraine, a massive gas deposit was recently discovered. The US & European oligarchs wish to take it all. Confusion is their game.
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    THE RUSSIAN BACKLASH TO BE SUDDEN
    Russian President Vladimir Putin will slam the West, and very soon. The initial salvo might be a natural gas cutoff by Gazprom, the Russian giant which has fast moved into the global monopoly position. Eventually, Putin might demand gold payment for the natgas in the captured pipelines, that being the plan according to The Voice. Russia supplies one quarter of Western European gas needs. It will be the opening salvo for Gold Trade Settlement, for which the Iran workarounds to the sanctions provided the critical prototype. Combined with a formal announcement of USTreasury Bond sales in volume by Russia & China, the impact would be tremendous, even devastating. The reverberation will be soon seen as the pending demise of the defacto Petro-Dollar Standard, dictated by crude oil sales in USD terms. It will also be soon seen as the end of the USTBond as the global reserve standard in banking systems. Notice for over two years, the primary buyer of USGovt debt (and its refunded rollover) has been the US Federal Reserve via bond monetization, an absolute heresy to central banking. Hyper monetary inflation cannot stand as fixed policy. The world has responded by constructing an alternative to trade settlement. The forum has been the BRICS conferences and the G-20 Meetings of finance ministers. The US & UK will gradually be excluded from both forums, a process well along. Even traditional allies like Japan are buying gold in high volume, with suppressed lowball data so far. This is game over for the USDollar, the direct victim of Ukraine backlash. The war against Russia has been veiled, but the Jackass has exposed it.
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    read more!

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March 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Eric Sprott: War Could Cause Financial Domino, but We Could Have a Domino Without War!

  • War Could Cause Financial Domino, but We Could Have a Domino Without War-Eric Sprott! 
    by Greg Hunter’s USAWatchdog.com 
    $8 billion fund manager Eric Sprott says there is a big opportunity surfacing in precious metals.  Sprott contends, “I’ve always believed there is more demand than supply for the last 14 years.  I’ve documented it.  I am suggesting the western central banks have very little gold left.  I think the whole decline in the gold price is the liquidation in the ETFs to supply some of that shortfall.  I think manipulation and relief from the manipulation and the ongoing demand, well in excess of supply, is going to power gold higher.”
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    On precious metal price manipulation, Sprott charges, “We seem to get more and more evidence of it all the time.  The German equivalent to the SEC saying the possible manipulation to gold would be worse than LIBOR, and I think worse is a very important word here because there can’t be more money involved because LIBOR is way bigger than gold, but worse means the egregiousness of the price decline.  Furthermore, we had another group come out and say the LBMA fixed the price . . .  the price was manipulated 50% of the time.”
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    On the question of western central banks running out of gold, Sprott says, “We might already be there when you think back to the German situation where they got all of 5 tons last year.  Isn’t that a de facto ‘we’re not delivering the gold?’  I think that is such tokenism to the extreme.  I have always thought there would be tightness.  Whether it shows up in the COMEX one day or the fact that premiums blow out in China because they can’t get delivery, we are going to see that. . . . The supply demand numbers get better every day.”
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    What is Sprott’s forecast for silver?  He says, “I think it’s safe to say every time gold has gone up, silver has gone up some multiple of that, and I wouldn’t expect any difference going forward here.  What is Sprott’s price forecast for the yellow and white metals?  Sprott predicts, “I have said many times that gold will exceed $2,000 an ounce this year, and silver will exceed its previous high of $50 this year. . . . On a linear trend line, gold should be $2,100 right now . . . and if you throw on another 15%, you are looking at gold at $2,400 by the end of the year.”
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    On China’s possible financial collapse, Sprott worries, “Anytime you have a financial collapse, the last place you want your money is in a levered bank and/or a government bond, and for that matter, most stocks.  So, what’s left when you exclude those categories?  Gold is the place you turn.”  Sprott goes on to say, “On a corporate debt basis, China has one the most egregious leverage ratios out there.  You could get this domino type of effect.  Anytime there is financial uncertainty, that is what gold thrives on.”
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    On the possibility of a Ukraine/Russia war, Sprott says, “There are two fears.  One is war, which would be just devastating for everybody.  The other fear is there could be a financial domino fall away from this.  Perhaps the banks in the Ukraine, which are already facing tremendous strains because of demands on deposits, fail, and because somebody else is invested with that bank, they end up with a problem. . . . . War could certainly cause a financial domino, but we could have a domino without war.  There’s a huge bank run going on in Ukraine.  The currency is crashing.  The ruble is crashing.  It is surprising how far all these currencies have gone down.  We also experienced a huge decline in the value of the dollar . . . it fell half of one percent in one day.”  (There is much more in the video interview.) 

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March 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | 4 Comments

Pastor Lindsey Williams: Global Currency Reset 2 March 2014 Update!

  • Pastor Lindsey Williams begins talking about the Global Currency Reset at the 52 minutes 30 seconds mark!
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  • What are all the movement towards war by the west about? They are about to lose their global monetary hegemony! The world reserve currency the USD is about to go kaput! The entire western financial, economic and currency hegemony is collapsing! War is their final card!
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  • Pastor Lindsey Williams: Global Currency Reset 2 March 2014 Update! 
    by http://www.lindseywilliams.net/ 
    Over the past few weeks I have been gathering information from numerous sources regarding the Global Currency Reset as well as other stories of note relating to the global financial crash. I have shared some articles with Pastor Williams and asked his opinion and feedback based on what his Elite friend has told him. Please listen to the latest radio interview with Mills Crenshaw. This is the first interview Pastor Williams has had talking about the total global financial collapse and the global currency reset and therefore it is recommended listening.
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    Many prominent researchers have been talking about the Global Currency Reset you only have to put a search into Google for articles being posted on a daily basis. Of course if there are those who say there will be a GCR there are those who say there won’t be. Unfortunately for those who claim that there won’t be a GCR, Pastor Williams Elite friend has told him this will happen. Furthermore, you only have to read the last newsletter I sent out. In that newsletter I stated that Christine Lagarde, Managing Director of the International Monetary Fund said at Davos World Economic Forum explicitly “WE NEED A RESET IN THE WAY THE ECONOMY GROWS AROUND THE WORLD”, which means the GCR is planned and therefore WILL happen. The only thing we don’t know exactly is when, what was shared was a time frame that was dependent on the IMF and the Elite. Pastor Williams’ Elite friend said within 90 days from his original statement and that would come into the time frame of a Washington Times article from October 2012 entitled ‘U.S. economy on schedule to crash March 4, 2014’. We will shortly see if this is the date, or if it has been postponed. This will be the greatest financial event that has happened for over 1,000 years and it could happen at any time. So please do not hesitate, prepare yourselves and your family now.
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    Here are two recent articles relating to the Global Currency Reset that you may not have read (be sure to check out the comments on all the articles too):
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    * ‘Fasten Your Seatbelts the Coming Global Monetary Reset
    * ‘Jim Willie: We Are Well Past the 11th Hour – The Global Currency Reset Looms
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    I shared with Pastor Williams an article published on February 13th, 2014 written by Michael Snyder relating to ‘20 Signs That the Global Economic Crisis is starting to Catch Fire‘. I also shared an article published by Zero Hedge entitled ‘Does the Trail of Dead Bankers Lead Somewhere?’  Pastor Williams has confirmed “I have read both articles in their entirety. They are correct as I interpret events.”
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    Pastor Williams also said that “My Elite friend says one year [for global financial crash] BUT I don’t see how they can hold it together that long. I personally am not betting on it. All preparations MUST be made immediately.”
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    In relation to the Global Currency Reset Pastor Williams said “I expect the Global Currency Reset to happen any day. I am surprised it has not already been announced. What is holding it up – I don’t know. Some little detail undoubtedly.” In another email he said “My Elite friend has been travelling around the country and has not been in contact with me.” And that “I am waiting on the Global Currency Reset, which they keep saying is supposed to take place any day, but the IMF keeps postponing for some strange moment. It could happen any moment.”
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    The Mills Crenshaw interview [Click Here To Listen] is very important and everyone should listen to it. Pastor Williams told me “I said everything on the Mills Crenshaw [show] that I can say. The last two hours of the show was unexpected. Dr. Rodriguez was supposed to have been on for three hours, but Mills began asking me questions.” The show includes the latest information that Pastor Williams is able to share with us and also warned us not to hesitate with dates because the Global Currency Reset could be weeks or even days away. He said that “Every newsletter is predicting doom and gloom. My Elite friend still insists that the TOTAL collapse is at least one year away.” He also said that he is “…afraid to say anything…” And that his “…record has been so good for many years I don’t want to mislead people so the best thing to do is say nothing.” Relating to Pastor Williams record someone has created a timeline of articles and information that show that he has been correct on multiple occasions. You can check out this record by clicking here.
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    Regarding Gold & Silver Pastor Williams has said that you still have time to get out of paper, but it would be better to do this sooner rather than later. He confirmed that while there will be confiscation of between 30% & 50% of ALL pension funds there will be no controls on gold and silver. However, he had a warning that after the Global Currency Reset gold and silver will increase in value, since the dollar will be reset at between 30% to 50% less than current prices. He said that the Federal Reserve Note is not a store of wealth, but a loss of wealth and therefore encouraged listeners to the Mills Crenshaw show to invest in gold & silver as soon as possible.
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    read more!

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

Brandon Smith: Debt Default Will Kill the Dollar!

  • Debt Default Will Kill the Dollar-Brandon Smith! 
    by Greg Hunter’s USAWatchdog.com 
    Economic and political writer Brandon Smith thinks America is in deep financial trouble, and the Fed knows it.  Smith contends, “First of all, I’d like to point out that at the end of last year, I brought up the prospect to the alternative economics community that the ‘taper’ was real, that the Fed would start cutting QE stimulus.  I received a pretty negative response from that concept, which is understandable because a lot of people in alternative economics and the liberty movement are focused on the concept of hyperinflation through printing.  I am pointing out through my articles on ‘taper’ that there is more than one way to kill the dollar.  It’s not just about printing.  There is also the issue about debt default and how that can kill the dollar’s world reserve status and kill the dollar’s value in the process.  So, the ‘taper’ is a huge part of that process of debt default.”
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    S
    mith goes on to say, “I find it interesting the Federal Reserve institutes the ‘taper’ just before we saw major downturns in global manufacturing.  The Baltic Dry Index is starting to crash again.  We’re starting to see trouble in emerging market currencies.  You could say that maybe that’s coincidence that the Federal Reserve started the ‘taper’ before those negative indicators started to become visible.  I don’t think that was a coincidence.  I think they knew that those negative indicators were coming, and the Fed is insulating itself using the ‘taper’ concept.  Basically, what that means is the Fed is pulling back its QE because the effects of QE are diminishing.   Stimulus has a shelf-life.  Printing has a shelf-life for its effectiveness in manipulating markets and propping up stocks.  I think we’ve hit the point where QE is no longer effective.  The shelf-life is over.  They are pulling the QE back now because they don’t want it to be known to the public that QE has become ineffective.  They don’t want QE to be blamed for a stock market implosion.  So, they are pulling it back because they know this downturn is coming.”
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    What about talk that the Fed is ‘tapering’ QE to intentionally cut the legs out from under the market?  Smith explains, “Ultimately, the Fed is not pulling back from QE because the Fed wants to cut the legs out from under the market.  I think the market is losing its legs regardless.  They are pulling QE back because what happens if we have a stock market implosion while stimulus is running?  I am saying the Fed is removing QE as part of the equation because it knows an implosion is going to happen, and they don’t want to be blamed.”  Smith predicts that another $10 billion of QE, or money printing, will be cut at the next Fed meeting.  Smith says, “The Fed is looking to end this by the end of the year, but maybe even faster.”
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    Smith predicts U.S. debt will “explode in 2014.”   Smith goes on to say, “I think the U.S. debt issue is going to be very big this year.  I think where all this is headed is debt default by the United States and intervention by the IMF.  I believe the IMF will intervene in U.S. Treasuries.”  Smith thinks America is headed for one big “final swindle.”  Smith says the government is “cornering the last vestiges of U.S. wealth in the Treasury market and then will cut the legs out from under the Treasury market and thereby destroying the few people left in the middle class and deal with an economic collapse situation. . . . I think we will not see a full-on collapse where we wake up and there is nothing.  We will have a slow to medium speed collapse where we will lose a considerable percentage of the value of the dollar.  We will see major price hikes in necessary goods such as food, energy and electricity.   I think the ultimate goal is to have the IMF move in and take over the management of the U.S. economy.  I think the IMF and the U.N. will work hand in hand to rebuild the U.S. economy once it collapses.”  Smith goes on to say, “I I have never seen so many possible global trigger events in the short time since I started to report on these global events.  If you would have told me back in 2008 that we may one day be on the verge of WWIII in the Ukraine or with China and Japan, I might not have believed you. . . .  I think there is a good possibility of a limited exchange, or limited use of nuclear weapons.”
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    On gold and silver, Smith says, “People in the investment market are going to start looking for alternative hedges.”  Smith thinks, “Silver will go way up,” and “gold will be up 20% to 30% this year.”  (There is much more in the video interview.) 

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February 26, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Detlev Schlichter: Paper Money Collapse!

http://papermoneycollapse.com/DSnew/wp-content/uploads/2011/10/Schlichter_Paper-Money-Collapse_A5_Flyer.pdf

Click on image for introductory flyer on book!

February 24, 2014 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

“V” The Guerrilla Economist: 3rd World USA, 80% Dollar Devaluation, Global Currency Reset, Gold $20K+ & More!

February 22, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Gerald Celente: It’s Raining Bankers To Protect The US Dominance!

He so happened to walk into the path of a falling piano!

He so happened to walk into the path of a falling piano!

  • Celente – It’s Raining Bankers To Protect The US Dominance! 
    by www.kingworldnews.com
    Today the top trends forecaster in the world told King World News that there may in fact be over 20 dead bankers at this point, rather than the 7 that are being reported, and all of this is happening in order to protect US world dominance.  Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable interview.
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    Eric King:  “Gerald, as you know it’s raining bankers, and Stephen Leeb told KWN this all has to do with the United States maintaining the US dollar as the world’s reserve currency.  Meaning, people are being killed in order to protect secrets and to protect the dollar.” 
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    Celente:  “Yes.  They are doing everything they can to keep the dollar as the reserve currency.  We have more investigations into the rigging of LIBOR and global currency markets….
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    read more!
Oops! It's an accident! No bull!

Oops! It’s an accident! No bull!

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February 19, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 2 Comments

Matrix Of Dead Bankers & Terror At Highest Government Levels!

Suicide or suicide?

Suicide or suicided?

  • Matrix Of Dead Bankers & Terror At Highest Government Levels! 
    by www.kingworldnews.com
    On the heels of another supposed JP Morgan banker ‘suicide,’ today an acclaimed money manager told King World News that we are now living in a ‘Matrix,’ where people at the highest levels of government are scared.  He also said, “I’m sure this is a terrifying situation for those who are at the heart of this investigation on the banking side.”  Below is what Stephen Leeb had to say in this powerful interview.
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    Leeb:  “Eric, for the United States government, there is nothing more important in this world right now than to maintain having the world’s reserve currency.  Having the reserve currency allows the US to deal with all sorts of problems….

    People are getting really scared at high levels of government, and they are acting accordingly.  They are taking action and they are eliminating people who can hurt them, one way or the other.  I’m sure this is a terrifying situation for those who are at the heart of this investigation on the banking side.
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    read more!
suicide-jump

Did he jump or was he pushed?

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February 19, 2014 Posted by | Economics | , , , , , , , , , , | 1 Comment

Peter Schiff: We’re Going to be Hit with a Tsunami of Inflation!

  • We’re Going to be Hit with a Tsunami of Inflation-Peter Schiff! 
    by Greg Hunter’s USAWatchdog.com 
    Money manager Peter Schiff has a read on gold short sellers.  Schiff says, “Of course the short sellers never had the gold to begin with.  They’re selling gold they don’t have, and I think the shorts are getting a little bit nervous, but they are going to get a lot more nervous as we turn up the heat here.  Gold is now above $1,300 (per ounce).  I think it’s going to be above $1,400 before they start to panic a little bit, and I think that’s great.”  Schiff goes on to say, “I like the fact the market is moving up and nobody is buying it, nobody is paying attention to it.  If they are, they are dismissing it.  People think this is a head fake or a dead cat bounce.  Instead, it’s the resumption of the (gold) bull market.”
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    On gold mining stocks, Schiff proclaims, “The valuations are phenomenal in the mining sector because everybody assumed that the price of gold was going to keep falling, and those false assumptions were built into these share prices.  So, I think there is a tremendous opportunity for people who want to hit a home run in gold and silver to get into the mining companies. . . . The best performing stock funds so far in 2014 are the gold funds.”
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    On the effect of Obama Care on the economy, Schiff contends, “The employment base is collapsing; so, the tax base is collapsing.  The budget deficits are going to get bigger than ever.  They just voted to raise the debt limit, but they didn’t actually just raise the limit–they suspended it.  So, in fact, the sky is the limit.  They can pile on as much debt as they want to because right now, there IS no limit to the amount of debt we can have, which means we are going to get a lot more debt.  Everybody thinks this is good news. . . . Why is that good news?  Maybe that’s good news if you are a gold investor, but it’s bad news for everybody else.”
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    On the possibility of another financial crash, Schiff says, “The messes get progressively bigger because the bubbles get progressively bigger.  We have the biggest bubble ever blown right now because we have a simultaneous bubble in the stock market and the real estate market and the bond market. . . . The air is coming out of all of them.  The Fed knows this bubble is too big to pop.  That’s why the Fed is going to come back with an even bigger round of QE (money printing) than the last round.  We’re going to be hit with a tsunami of inflation. . . . I think we’re going to be stuck with a lot of the money, which means it will bid up consumer prices.  New Fed Chief Janet Yellen said she wants more inflation. Well, she’s going to get it.”
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    Schiff thinks the U. S. Dollar will be in trouble first and not Treasury Bonds.  Why?  Schiff says, “The dollar will go poof first.  Remember, the Federal Reserve can buy up all those bonds to stop the prices from collapsing, but in order to do so, it has to print dollars.  But, eventually, the dollar collapses because the world figures out the game.  The Fed can print all the dollars they want, but they can’t force people to accept them.  That is going to be the problem.”   (There is much more in the video interview.) 

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February 18, 2014 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off

Are Bankers Being Killed Because They Know Too Much?

Beware_The_banksters_Cartoon

  • Are Bankers Being Killed Because They Know Too Much? 
    by www.kingworldnews.com
    Today a brave and outspoken hedge fund manager out of Hong Kong told King World News that what the world has just witnessed is not the suicide of five bankers, but rather five bankers that were killed because of their knowledge, and therefore the threat that they would expose the criminal activity of major banks.  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke with KWN about why this tragic situation is unfolding in such a gruesome manner.
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    Eric King:  “Bill, we have bankers dropping like flies.  What is happening here?”
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    Kaye:  “They are, and the question is:  Are they being pushed to their deaths or do they delusionally think there is a swimming pool below?  It’s very tragic, but it also ties into our earlier discussions about how the bullion banks have conspired to manipulate gold and silver, and also how banks are manipulating markets around the world….
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    read more!

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February 15, 2014 Posted by | Economics | , , , , , , | 1 Comment

Jim Willie: US $ Implosion & Petrodollar Demise in 2014, QE Inflation, Gold Standard & More… !

  • Published on Feb  7, 2014  (Interviewed on 5 Feb 2014)         
    I sopke with Jim WIlie, editor of The Hat Trick Newsletter published on http://www.GoldenJackass.com website. Topics covered:
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    End of Petrodollar,
    Rise of PetroYuan
    Price Inflation from QE
    Trade settlements outside of US Dollar
    Rise of Gold / Yuan .
    Alternative gold backed currency trade settlement agreements bypasing the US dollar
    Return to Gold Standard

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February 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | 1 Comment

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