Socio-Economics History Blog

Socio-Economics & History Commentary

US Dollar Collapse Imminent !

  • Although, I probably appear as ‘the boy who cried wolf many times’, I am going to sound this alarm again: the USD collapse is imminent. At the end of the story of the boy who cried wolf, the wolf really did come! Frederic Simons gives a simple technical analysis :
    We don’t like to make bold predictions. But this time, it is different (famous last words).   …..  Then we came across the following daily chart of the USD. When looking at a chart from a technical analysis viewpoint, you either immediately observe “your trade”, or there is none.
    To us, this chart is looking more than spectacular, as it displays a big descending triangle formation, which looks pretty much as if it will be resolved as it should. To the downside.
    Now, the height of the pattern is about 11 points. From the breakdown point, which will be reached as prices fall below the two red horizontal lines around 78, the measured move to the downside will equal the height of the pattern.
    This amounts to a price target of around 67 in the USD index. And as prices tend to move lower quickly when breaking down, the future chart may look like this in a few weeks time (see above chart).
    This is looking nasty, isn’t it ? How to play this ? There are certainly a lot of ways to do it, and everybody has his own preferences. It looks however interesting to buy either some put options on the DX Future, or some EUR/USD call options. The big advantage of options is that you will have big leverage for relatively small change, with a limited risk of loss. In addition, if the USD should actually crash, implied volatilities will explode to the upside, which will add to the value of the options, making profits even bigger. 
    As far as the implications of a Dollar crash for precious metals and the bond market are concerned, we can only say: they might be of historic magnitude, and mark important upside breakouts for precious metals, and breaks to the downside for bond prices.  
    We think that when the USD crash comes, it will start with a big move, has little retracements, and take no prisoners. 


July 25, 2009 Posted by | Economics | , , , , , , , , | 9 Comments

Gerald Celente: The Worst is Yet to Come!!


July 25, 2009 Posted by | Economics | , , , , , , , , , | Comments Off on Gerald Celente: The Worst is Yet to Come!!

Russian Navy Declassifies UFO Files

  • In the coming few years, UFO news are escalating and will build to a crescendo. If you can accept it, I am of the opinion that, this is the end times ‘strong delusion’ (2 Thessalonians 2:11-12) that will be released. Ask yourself this: why do the kings of the world move their armies to Armageddon to attack Jesus Christ on his 2nd coming? What is the ‘lie’ that these demons will tell the kings of the earth?
    Revelation 16:13,14 & 16
    13 And I saw three unclean spirits like frogs coming out of the mouth of the dragon, out of the mouth of the beast, and out of the mouth of the false prophet. 14 For they are spirits of demons, performing signs, which go out to the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty.
    And they gathered them together to the place called in Hebrew, Armageddon.
  • Russia Today News reports :
    The Russian navy has declassified its records of encounters with unidentified objects technologically surpassing anything humanity ever built, reports Svobodnaya Pressa news website.
    The records dating back to soviet times were compiled by a special navy group collecting reports of unexplained incidents delivered by submarines and military ships. The group was headed by deputy Navy commander Admiral Nikolay Smirnov, and the documents reveal numerous cases of possible UFO encounters, the website says.
    Vladimir Azhazha, former navy officer and a famous Russian UFO researcher, says the materials are of great value.
    “Fifty percent of UFO encounters are connected with oceans. Fifteen more – with lakes. So UFOs tend to stick to the water,” he said.
    On one occasion a nuclear submarine, which was on a combat mission in the Pacific Ocean, detected six unknown objects. After the crew failed to leave behind their pursuers by maneuvering, the captain ordered to surface. The objects followed suit, took to the air, and flew away.
    Many mysterious events happened in the region of Bermuda Triangle, recalls retired submarine commander Rear Admiral Yury Beketov. Instruments malfunctioned with no apparent reason or detected strong interference. The former navy officer says this could be deliberate disruption by UFOs.
    “On several occasions the instruments gave reading of material objects moving at incredible speed. Calculations showed speeds of about 230 knots, of 400 kph. Speeding so fast is a challenge even on the surface. But water resistance is much higher. It was like the objects defied the laws of physics. There’s only one explanation: the creatures who built them far surpass us in development,”Beketov said. Navy intelligence veteran, Captain 1st rank Igor Barklay comments:
    “Ocean UFOs often show up wherever our or NATO’s fleets concentrate. Near Bahamas, Bermudas, Puerto Rico. They are most often seen in the deepest part of the Atlantic Ocean, in the southern part of the Bermuda Triangle, and also in the Caribbean Sea.”
    Another place where people often report UFO encounters is Russia’s Lake Baikal, the deepest fresh water body in the world. Fishermen tell of powerful lights coming from the deep and objects flying up from the water.
    In one case in 1982 a group of military divers training at Baikal spotted a group of humanoid creatures dressed in silvery suits. The encounter happened at a depth of 50 meters, and the divers tried to catch the strangers. Three of the seven men died, while four others were severely injured.
    “I think about underwater bases and say: why not? Nothing should be discarded,”says Vladimir Azhazha. “Skepticism is the easiest way: believe nothing, do nothing. People rarely visit great depths. So it’s very important to analyze what they encounter there.”
  • See also :
    Major Steps in UFO Disclosure Worldwide – Pace is Speeding Up !
    Dr Thomas Van Flandern: Life On Mars!
    Professor John E. Mack on the Alien Abduction Phenomenon
    National Press Club: UFO Disclosure Conference April 2009
    UFO History: Out Of The Blue
    Christian Group Declares UFOs ‘evil spirits’ of the Bible
    Extraterrestrials Tremble at the Name of Jesus
    UFO Disclosure & the Coming EndTimes Strong Delusion
    UFO, Extraterrestrials and the Coming EndTimes Strong Delusion
    Chuck Missler – Return of the Nephilim, UFO, Aliens & the Bible
    Steve Quayle on Black Ops, UFOs, Nephilims and the Bible
    Epidemic of UFO Sightings in UK, Summer 2008 
    Chuck Missler – Days of Noah, Nephilims & UFOs 
    Genesis 6 Giants on the Earth
    The Nephilim – Giants on the Earth


July 25, 2009 Posted by | EndTimes | | 6 Comments

World Prepares to Dump the Dollar!

  • The end of the USD is getting closer. This is a no brainer. It is always hard to project a date for this collapse. But if I have to, I will say: it will be this year! reports :
    American economists think the world can’t afford to let go of the dollar’s reserve currency status. The world is about to teach them differently.
    What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball.
    One rock-solid, foundational belief underpins almost all economic theory in America: faith in the dollar’s unassailable status as the world’s reserve currency. Foreigners hold so many dollars that they can’t afford to stop buying them, the theory goes. Therefore the dollar’s status as the world’s reserve currency is sound. But the dollar is now coming under a concentrated attack. Are American economists about to get schooled?
    Angela Merkel summed up the dollar-skeptic viewpoint last year. “Excessively cheap money in the U.S. was a driver of today’s crisis,”
    she told the German parliament. And America’s solution—even more cheap money—was just setting the world up for another crisis, she said. It was just a matter of time.
    The irony is that America is completely blind to the catastrophe heading its way. As the economic crisis unfolded at the end of last year, investors made a mad rush out of global stock markets and into other assets. The biggest beneficiary of the panic was the one market large enough and liquid enough to handle the trillions of dollars being moved: the U.S. dollar market. This caused the dollar to surge in value.
    Now that the initial panic has subsided, the dollar’s international purchasing power has resumed its former downward trajectory. Since the post-crisis high in March, the dollar has fallen by a portfolio-shredding 10 percent. America’s foreign creditors are again questioning the wisdom of holding so many U.S. dollars. And they’re looking for a way out.
    “Leaders from Brazil, Russia, India and China are demanding a greater stake in the management of the global economy and challenging the dollar as the primary denomination for world reserves,” reported
    Bloomberg about the recent G-8 summit. But is dumping the dollar just wishful thinking on the part of these nations? Or is there some tangible alternative? Well, how about this: Some think they’ve already minted a dollar-killer.
    Russia’s president is pushing to remove the dollar and reinstate some version of a gold standard. Dmitry Medvedev unveiled a newly minted gold bullion coin that he said was a true “symbol of unity,” and “our desire to solve such issues.” It was a test sample of a new supranational currency referred to as the United Future World Currency. Samples were issued to each of the world leaders attending the G-8 summit. “We are discussing the creation or, to be more correct, the appearance of new reserve currencies,” said Medvedev.
    What is even more surprising is that the dollar assaults have come not only from perennial U.S. antagonists but also from its more democratic allies. At the G-8 summit, French President Nicolas Sarkozy called for a complete revamp of the global currency system, saying that the dollar’s supremacy is outdated. “[W]e’ve still got the Bretton Woods system of 1945,”
    Sarkozy stated on July 9. “Frankly, 60 years afterwards, we’ve got to ask: Shouldn’t a politically multipolar world correspond to an economically multi-currency world?”
    Bretton Woods was the historic conference that laid the foundation for a postwar global economy centered on the dollar. “Even if it’s a difficult topic,”
    Sarkozy said, “There has to be a debate.” “Debate” about Bretton Woods is flowery code for an attack on the dollar.
    India too seems to be moving into the anti-dollar camp.
    Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, is urging the government to diversify its foreign-exchange reserves and hold fewer dollars. India holds over $250 billion worth.
    But the next blow to the dollar may come as a complete surprise to Washington policymakers. Since World War ii, Japan has been a stalwart dollar supporter and a close collaborator with Federal Reserve monetary policy. That may be about to end. For only the second time in 54 years, the opposition in Japan is close to taking over the government. Japan’s economy, like those of the rest of the world, is in severe contraction, and disgruntled voters are upsetting the balance of power and pushing for radical reforms.
    Back in May,
    Masaharu Nakagawa, the chief finance spokesman for the opposition, told the bbc that he was worried about the future value of the dollar. He said that if his party were elected in the upcoming national elections, Japan would refuse to purchase any more U.S. treasuries unless they were denominated in Japanese yen instead of dollars. Such a decision could break the U.S. dollar bond market.
    Japan is America’s second-most important creditor nation—lending the U.S. billions of dollars each year. If Japan won’t lend unless America pays it back in yen, then China and other major lenders may quickly follow suit. This would eliminate America’s ability to
    use inflation to cheat on its debt payments. America’s debt burden would soar, interest rates would jump, and national default—Argentina-style—could be staring America in the face within months instead of years.
    “America is making a terrible mistake which will result in the greatest fall in all of mankind’s history!” Tim Thompson
    wrote for the Trumpet in 2000. “As soon as America is no longer a safe place for foreign money, that money will be gone. And once the foreign money is gone, it will leave us with a mountain of debt that we cannot repay.”
    What Japan is proposing could be the first steps of a great exodus from the U.S. bond market and consequently the end of the dollar as the world’s reserve currency.
    America’s leaders seem blind to the looming dollar revolt. Global economies are in crisis. Unemployment rolls are soaring. People want answers and solutions. The jobless will demand action, and culpable politicians will look for scapegoats and distractions. The first step, blaming the U.S. and its currency for the global recession, has already begun.
    A new global currency—and leveraging it to knock the U.S. down—will be the solution. The highly trained economic theorists who keep telling us that foreigners can’t afford to stop supporting the U.S. are about to get reeducated at Reality U.


July 25, 2009 Posted by | Economics | , , , , , | Comments Off on World Prepares to Dump the Dollar!

Journal of the American Society of Nephrology: Baking Soda ‘Could Help Kidneys’

  • This is interesting. Yahoo news reports :
    A daily dose of baking soda could transform the lives of patients with failing kidneys, it has been claimed.
    New research by British scientists suggests sodium bicarbonate – otherwise known as baking soda – can dramatically slow the progress of chronic kidney disease.
    The simple household product used for baking, cleaning, bee stings and acid indigestion is so effective it could prevent patients having to be put on kidney machines, the results show.
    Around three million people in the UK suffer from chronic kidney disease, which may have a number of causes. The condition ranges in severity from a mild degree of poor functioning to complete kidney failure. Seriously affected patients may have spend time each day on a dialysis machine which takes over the function of the kidneys.
    An estimated 37,800 patients in the UK receive renal replacement therapy, which may involve dialysis or a kidney transplant. The cost of looking after kidney failure patients soaks up 3% of the entire
    NHS budget. On average, every patient on dialysis costs the NHS £30,000 per year.
    The pilot study conducted at the Royal London Hospital, Whitechapel, was the first controlled test of the treatment in a clinical setting. The findings have been published in the Journal of the American Society of Nephrology.


July 25, 2009 Posted by | Medicine & Health | 3 Comments