Socio-Economics History Blog

Socio-Economics & History Commentary

Mike Krieger: Silver Over US$100/oz In Next 12 Months?!

May 28, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on Mike Krieger: Silver Over US$100/oz In Next 12 Months?!

Marc Faber: Prepare For Another War!

  • Things will be heating up starting 2H 2011. For those of you with the ears to listen: Got physical gold/silver yet? Listen to the advice of Marc Faber!

    Marc Faber: Prepare For Another War
    By Jonathan Chen, http://www.benzinga.com/
    Marc Faber of the “Gloom, Boom & Doom” report spoke at the Ira Sohn  Conference yesterday, and talked about the destructive nature of U.S. monetary  and fiscal policy, and a way to play it.

    Faber said that U.S. monetary and fiscal policy has created more volatility,  and we can expect more of that going forward.  Faber mentioned the Long Term  Capital bailout, the liquidity that rushed in during Y2K, and the end result.   The NASDAQ crashed, falling some 50%, and it still has not come close to those  levels.

    Faber said that not all growth in the country has occurred during  inflationary environments, despite what the Federal Reserve wants you to  believe.  The U.S. grew from 4 million to 80 million people, and new industries  were created during a deflationary environment.   He mentioned industries such  as railroads that prospered during the deflationary environment, and even  mentioned that incomes rose during this time.

    He is not confident that the Federal Reserve will be able to get it right  this time, as it has not gotten it right before.  The Fed missed raising rates  by 3 years after the NASDAQ crash.  The economy started to grow in November  2001, and the Fed started raising in June 2004, despite the need for it three  years prior. The Fed is also slow to realize problems of containment,  specifically in subprime, which obviously was not contained. 

    The Federal Reserve created excessive growth in the system, as evidenced by  the debt to GDP ratio, which has increased rapidly over the past few years.  To  get out of this, the Fed has two options: tight monetary policy, or print and  print.  Faber says the Fed will not pursue tight monetary policy, so the  printing press will just keep running.

    Of course, the Fed can’t control what we do with the money, which is why  bubbles continue to form.  Both Alan Greenspan and Ben Bernanke have created  massive bubbles, including equities, commodities, bonds, wages, and sometimes  currencies.  From 2002-2008, Greenspan and Bernanke have created massive  bubbles.

    To play this, Faber said that cash and bonds are undesirable in this  environment, and you should not own U.S. debt.  One way to play this is to own  ProShares UltraShort 20+ Year Trea ETF (NYSE: TBT).  He said that even if the deflationists are  right, you should not own government debt.

    Faber concluded by saying that he thinks we should prepare for the next war  time, and gold might go ballistic.  He said having gold all over the world is a  safe hedge from potential confiscation.

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May 28, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Marc Faber: Prepare For Another War!

Mike Adams & Aaron Dykes: TSA is Turning The Whole System on It’s Head !

May 28, 2011 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , , | 1 Comment

Bix Weir: The End of The Unbacked Fiat Currency System! Gold And Silver Will Rocket Higher! “The Hammer is Falling Now!”

May 28, 2011 Posted by | Economics | , , , , , , , , | Comments Off on Bix Weir: The End of The Unbacked Fiat Currency System! Gold And Silver Will Rocket Higher! “The Hammer is Falling Now!”

Bob Chapman: Mexico Will Back The Peso With Silver Soon!

  • Silver Bugs take note! Hugo Salinas Price and the leadership in Mexico know their economics and monetary history well. I am very, very impressed with their purchase of 100 tonnes of gold during the 1st quarter of this year! Keep up the great work!

    Bob Chapman : Mexico will back the Peso with Silver soon
    Mexico will back its Peso with silver sooner than later probably after the elections says Bob Chapman, the Inflation in Mexico is up but it is not no where as high as in the US which is three times higher…Mexico is the second largest silver producer in the world.

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May 28, 2011 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Mexico Will Back The Peso With Silver Soon!

Bob Chapman: Bank Holidays, Greece Defaults, Global Economic Collapse …”They Want To Shove World Government Down Our Throats!”

May 28, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Bob Chapman: Bank Holidays, Greece Defaults, Global Economic Collapse …”They Want To Shove World Government Down Our Throats!”

House Passes ‘Worldwide War Bill’! Obama’s Promise to Veto ‘Worldwide War’ Bill Rings Hollow!

World War 3 at the door steps?

  • Looks like the House has passed the ‘Worldwide War’ Bill’! Do not believe in all the empty rhetoric of Obama and the politician snakes. How do you tell when snakes lie? Whenever they move their lips!
  • I have warned repeatedly that the Illuminati intends to use America to start World War 3. This is very much like how they screwed Germany over during the years in between WW1 and WW2. This coming Satanic WW3 is not about freedom, terrorism, liberating countries from dictators… etc. These are all BS rhetoric, outright lies, propaganda … for world conquest, for the establishment of the Luciferian New World Order! What we are seeing now is the final moves in the establishment of World Government, the Mystery Babylon Whore of Revelation 17!

    Revelation 17:3-6 (New King James Version)
    3 So he carried me away in the Spirit into the wilderness. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.[a] 5 And on her forehead a name was written:

    MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH.


    6
    I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. And when I saw her, I marveled with great amazement.

  • This Satanic 4th World Evil Empire will be centred around a remade/merged America into a United Nations 2.0. The world is entering a period of intense global wars! This is the scenario just before the white horseman of Revelation 6 appears. This white horseman is the fake Messiah, the bringer of false peace!

    Revelation 6:1-2 (New King James Version)
    First Seal: The Conqueror

    1 Now I saw when the Lamb opened one of the seals;[a] and I heard one of the four living creatures saying with a voice like thunder, “Come and see.” 2 And I looked, and behold, a white horse. He who sat on it had a bow; and a crown was given to him, and he went out conquering and to conquer.

    Daniel 7:23 (New King James Version)
    23 “Thus he said:
    ‘The fourth beast shall be
    A fourth kingdom on earth,
    Which shall be different from all other kingdoms,
    And shall devour the whole earth,
    Trample it and break it in pieces.
  • Things are going to get very bad very fast for America and the rest of the world ! When America falls (and it looks certain) the rest of the world will shudder. America is a monster war machine armed with over 10,000 nuclear bombs. This does not even take into account of the strange, terrifying new weapons: scalar weapons, plasma lightning canon …etc. It is fear and trepidation times dead ahead !

    Obama’s Promise to Veto ‘Worldwide War’ Bill Rings Hollow
    by Paul Joseph Watson, Prison Planet.com 
    Given the fact that the Obama administration is now involved in more  conflicts  and has more troops deployed than at any time during the Bush  administration,  how confident should we be that a government promise  to veto the alarming  worldwide war provision contained in the National  Defense Authorization Act will  be kept?

    Yesterday the House passed  the act,  “including a provision to authorize worldwide war, which has no   expiration date and will allow this president — and any future president  — to go  to war anywhere in the world, at any time, without further  congressional  authorization. The new authorization wouldn’t even  require the president to show  any threat to the national security of  the United States. The American military  could become the world’s cop,  and could be sent into harm’s way almost anywhere  and everywhere around  the globe.”

    Earlier this week, the White House indicated that  it would veto the  worldwide war provision, not because it is a flagrant  violation of the War Powers  Resolution and the basic tenet of not investing dictator powers in a  president, but because it could cause “confusion”.

    “The Administration strongly objects to section  1034 [the worldwide  war provision] which, in purporting to affirm the conflict,  would  effectively recharacterize its scope and would risk creating confusion   regarding applicable standards. At a minimum, this is an issue that  merits more  extensive consideration before possible inclusion…” the  White House wrote to  Congress.

    The administration’s problem with the provision  has nothing to do  with the fact that it would make Obama above the law and  completely  unconstrained by Congress, their only concern is that it would hinder   alleged terrorists from being tried in federal courts.

    “Section 1039 is a dangerous and unprecedented  challenge to critical  Executive branch authority to determine when and where to  prosecute  detainees,” wrote the White House, indicating that a compromise could be made that would ensure the bill’s passage.

    According  to the ACLU,  “President Obama and his administration have to be commended  for  taking such a tough stance on issues of fundamental importance to the  rule  of law and our democracy.”

    Well, there’s a first time for everything, but the  ACLU has  completely dropped the ball on this one. The Obama administration is   opposed to the worldwide war provision not because it is an egregious  expansion  of the executive branch, but because it doesn’t give them enough power.

    Once the administration is given the choice to try  suspected  terrorists in federal courts or merely assassinate them at will as we   were told happened in the case of the Bin Laden raid, the bill will be  passed  and the ugliest aspects of the worldwide war provision will  remain.

    Indeed, one could argue that the Obama  administration has already  bestowed upon itself the powers enshrined in the  worldwide war  provision with its constant drone attacks in Pakistan,  Afghanistan,  Yemen and other areas in the region, assaults  that ten times the amount of innocent people than they do so-called  “militants”.

    … to continue reading click here!

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May 28, 2011 Posted by | GeoPolitics | , , , , , | Comments Off on House Passes ‘Worldwide War Bill’! Obama’s Promise to Veto ‘Worldwide War’ Bill Rings Hollow!

Ron Paul: Is This The End of The American Republic? “The Last Nail In The Coffin!”

May 28, 2011 Posted by | GeoPolitics, Social Trends | , , , , , | 1 Comment