Socio-Economics History Blog

Socio-Economics & History Commentary

COMEX Silver Inventories Fall Off Cliff As Registered Silver Declines by 10% in 48 Hours!

Chart Courtesy SRSrocco

Chart Courtesy SRSrocco

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April 12, 2013 Posted by | Economics | , , | 8 Comments

30% of CNT Silver Inventories Withdrawn from COMEX Vaults in 2 Days!

Chart Courtesy SRSrocco

Chart Courtesy SRSrocco

  • 30% of CNT Silver Inventories Withdrawn from COMEX Vaults in 2 Days! 
    by http://silverdoctors.com/ 
    Epic drainage of physical silver inventories continued Tuesday, as 17.3% of CNT’s physical silver inventories vaporized for the 2nd consecutive day, cutting CNT’s physical silver inventories by 1/3 in only 48 hours!

    Brinks’, CNT, Delaware, HSBC, & Scotia (every vault except JPM) all saw significant physical withdrawals, as a massive 2.7 million ounces of physical metal fled COMEX depositories. Got PHYZZ? 

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April 12, 2013 Posted by | Economics | , | Comments Off on 30% of CNT Silver Inventories Withdrawn from COMEX Vaults in 2 Days!

Bail-in: Fascism & The Birth of the New Financial Order!

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9/11: Painful Deceptions! Inside Job! Controlled Demolition!

“Al Qaeda is a creation of the US intelligence apparatus! It is extremely well documented ! Many of the terrorist attacks are in fact orchestrated by the US intelligence and military!” – Michel Chossudovsky P2, 7:40 onwards

  • Terrorism And The Illuminati! A 3,000 Year History! by David Livingstone
    Contrary to myth being fabricated, Islam does not pose a threat to the West. Rather, Islamic “terrorist” organizations have been created to serve Western imperialistic objectives. These groups are intertwined with Western power through a network of occult secret societies. This relationship dates back to sixth century BC, and the birth of the Kabbalah, in Babylon; a plot to seek world domination through the use of magic and deception.

http://www.terrorism-illuminati.com/content/complete-online-version

“The ultimate goal that these people have in mind … is the goal to create a One World Government run by the banking industry .. run by the bankers! … The whole agenda is to create a One World Government where everybody has an RFID chip implanted !”
– Aaron Russo 0:15 onwards


“He’s (Rockefeller) the one who told me 11 months before 9/11 ever happen, there was going to be an event. .. And out of that event we will invade Afghanistan, (for) the pipelines to the Caspian sea. We were going to invade Iraq .. to take over the oil fields, establish a base in the Middle East and make it all a part of the New World Order! And we will go after Chavez Venezuela. Sure enough 9/11 happened ! … And there was going to be this War on Terror which has no real enemy. And the whole thing is a giant HOAX! … This whole War on Terror is a FRAUD! ”
– Aaron Russo 2:30 onwards

All scams are based on deception and mis-direction! '666' is coming!

All scams are based on deception and mis-direction! ‘666’ is coming!

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April 12, 2013 Posted by | GeoPolitics, History | , , , , , , , , , , | Comments Off on 9/11: Painful Deceptions! Inside Job! Controlled Demolition!

US Nuke War on North Korea will Irk South!

April 12, 2013 Posted by | GeoPolitics | , , , , , , , | Comments Off on US Nuke War on North Korea will Irk South!

South Koreans Fear US Drag Them into Another War Again!

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Iraq 10 Years Later and Still Torturing!

April 12, 2013 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Iraq 10 Years Later and Still Torturing!

North Korea: The Sum of All Fears!

April 12, 2013 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off on North Korea: The Sum of All Fears!

Gold Now Set To Have A Massive Surge Along With This Asset !

Gold_in_JPY_April2013

  • Gold Now Set To Have A Massive Surge Along With This Asset! 
    by www.kingworldnews.com
    Top Citi analyst Tom Fitzpatrick sent King World News 4 tremendous charts which reveal gold is set to have a massive surge higher in price going forward.  Below is what top Citi analyst Fitzpatrick had to say in his latest report, along with 4 powerful charts. 

    Top Citi analyst Tom Fitzpatrick:  “In 1995 we saw a major turn in USDJPY  (US dollar vs Japanese yen) after it broke out of the 5 year downtrend while this time around it broke a 4 year downtrend.  However the similarities are greater than just that (the chart below shows the yen weakening dramatically vs the US dollar).

    read more!

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April 12, 2013 Posted by | Economics | , , , , , , | Comments Off on Gold Now Set To Have A Massive Surge Along With This Asset !

Vast Greek War Claims Against Germany Explode Like a ‘Time-Bomb’!

Photograph: Petros Giannakouris/AP

Photograph: Petros Giannakouris/AP

  • Vast Greek war claims against Germany explode like a ‘time-bomb’! 
    by , http://www.telegraph.co.uk/ 
    The Greek government is in disarray after the leak of an explosive report drawing up vast reparations claims against Germany, covering both the First and Second World Wars.

    Premier Antonis Samaras held a special meeting with the foreign minister Dimitris Avramopoulos and other key officials this morning to limit the diplomatic damage from the 80-page report.

    The document – stamped “Aporito”, or secret – was drafted by a panel of experts appointed by the Greek finance ministry and delivered to officials last month.

    The alleged claim against Germany reaches a grand total of €162bn, including €108bn for rebuilding the country’s infrastructure after the Nazi occupation from 1941 to 1944. This is 80pc of Greek GDP.

    The probe was chaired by Panagiotis Karakousis, director-general of the General Accounting Office at the Finance Ministry, and relied on 190,000 pages of documents scattered through the country’s ministries and archives. Mr Karakousis told The Daily Telegraph that the report was commissioned by the current leadership, not the previous Pasok government.

    read more!

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April 12, 2013 Posted by | GeoPolitics | , | Comments Off on Vast Greek War Claims Against Germany Explode Like a ‘Time-Bomb’!

The Wall Street Ticking Time Bomb That Could Blow Up Your Bank Account !

The financial derivatives bomb will explode! It is a question of when?

The financial derivatives bomb will explode! It is a question of when?

  • The Wall Street Ticking Time Bomb That Could Blow Up Your Bank Account! 
    By Ellen Brown, Web of Debt blog, via http://www.alternet.org/ 
    Derivatives turn the financial system into a casino. And the House always wins.

    Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk.  Derivatives have “super-priority” status in bankruptcy, and Dodd Frank precludes further taxpayer bailouts. In a big derivatives bust, there may be no collateral left for the creditors who are next in line.

    Shock waves went around the world when the IMF, the EU, and the ECB not only approved but mandated the confiscation of depositor funds to “bail in” two bankrupt banks in Cyprus. A “bail in” is a quantum leap beyond a “bail out.” When governments are no longer willing to use taxpayer money to bail out banks that have gambled away their capital, the banks are now being instructed to “recapitalize” themselves by confiscating the funds of their creditors, turning debt into equity, or stock; and the “creditors”  include the depositors who put their money in the bank thinking it was a secure place to store their savings.


    The Cyprus bail-in was not a one-off emergency measure but was consistent with similar policies already in the works for the US, UK, EU, Canada, New Zealand, and Australia, as detailed in my earlier articles  here and  here.  “Too big to fail” now trumps all.  Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.

    Why Derivatives Threaten Your Bank Account
    The big risk behind all this is the massive $230 trillion derivatives boondoggle managed by US banks. Derivatives are sold as a kind of insurance for managing profits and risk; but as Satyajit Das points out in  Extreme Money, they actually increase risk to the system as a whole.


    In the US after the Glass-Steagall Act was implemented in 1933, a bank could not gamble with depositor funds for its own account; but in 1999, that barrier was removed. Recent congressional investigations have revealed that in the biggest derivative banks,  JPMorgan and  Bank of America, massive commingling has occurred between their depository arms and their unregulated and highly vulnerable derivatives arms. Under both the Dodd Frank Act and the 2005 Bankruptcy Act,  derivative claims have super-priority over all other claims, secured and unsecured, insured and uninsured. In a major derivatives fiasco, derivative claimants could well grab all the collateral, leaving other claimants, public and private, holding the bag.

    read more!

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April 12, 2013 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on The Wall Street Ticking Time Bomb That Could Blow Up Your Bank Account !

Slovenia and Spain Must Take ‘Urgent Action’ to Stop Spread of Euro Crisis!

The Eurozone is on fire!

The Eurozone is on fire!

  • Slovenia and Spain must take ‘urgent action’ to stop spread of euro crisis! 
    by http://www.irishtimes.com/ 
    European Commission warns of ‘excessive’ risks to the economic health of two countries  

    The European Commission warned of “excessive” risks to the economic health of Slovenia and Spain, calling on both governments to take urgent action to stem the spread of the euro crisis.

    Slovenian banks are likely to need fresh capital injections as over-indebted corporate borrowers struggle to pay back loans amid a double-dip recession, the Brussels-based commission said.

    It said Spain is encumbered by public and private debt. Slovenia’s ailing banks have made it a target for financial markets, with shrinking demand in a debt auction yesterday signaling investor expectations that it will be forced to seek a bailout.

    Spain is already tapping aid for its banking system. Political gridlock and legal snags “have prevented Slovenia from addressing its imbalances adequately and enhancing its adjustment capacity, thus increasing its vulnerability at a time of heightened sovereign funding stress in Europe, ” the commission, which enforces European Union regulations, said in a report today.

    Both countries were given a May 29th deadline to make reforms or risk becoming the first to be punished under a year-old “macroeconomic imbalances procedure” designed to deal with the lagging competitiveness and overstretched banking systems that fueled the debt crisis.

    read more!
http://www.presseurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
Click on image for article!

Revelation 13 New King James Version (NKJV) - The Beast from the Sea: 13 Then I[a] stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,[b] and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority.

Revelation 13 New King James Version (NKJV) –
The Beast from the Sea: 13 Then I[a] stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,[b] and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority.

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April 12, 2013 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on Slovenia and Spain Must Take ‘Urgent Action’ to Stop Spread of Euro Crisis!

Has The Bank Of Japan Triggered A Global Currency War?

No currency war! Yeah right! Only competitive currency devaluations!

No currency war! Yeah right! Only competitive currency devaluations!

  • Has The Bank Of Japan Triggered A Global Currency War? 
    by David Woodsmith, http://www.currencynews.co.uk/ 
    The major mover in the global currency markets during yesterday’s session in the global currency markets was once again the Japanese Yen. There was a time in the recent past that the Yen was considered a reserve currency – an asset which institutional investors flocked to during times of crisis. In many ways, the Japanese tender resembled an Eastern version of the US Dollar. However, that appears to have changed since the Bank of Japan embarked on a large scale asset purchase scheme which effectively flooded the global currency market with Yen.

    The sharp weakening of the Yen was accelerated by last week’s announcement from the BoJ that it would be doubling the amount of funds which it was set to allocate to its controversial scheme. The move will see an extra £350bn worth of Yen released onto the market this year – an action which, by dint of the laws of supply and demand, has served to seriously weaken the JPY. This sent the euro to Yen exchange rate up to its highest level since the start of 2010 during yesterday’s session. The single currency has now gained close to 37% against the JPY since the middle part of last year. Meanwhile, the US Dollar has gained close to 30% against the Yen during the past 7 months alone.

    read more!

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April 12, 2013 Posted by | Economics | , , , , , , , , , | Comments Off on Has The Bank Of Japan Triggered A Global Currency War?

Eurozone: Death by a Thousand Cuts!

Eurozone Titanic is sinking!

Eurozone Titanic is sinking!

  • Eurozone: Death by a thousand cuts! 
    by Patrick L Young, http://rt.com/ 
    The Eurozone crisis so far has resembled one of those cheesy fight scenes in a certain type of Hollywood movie. The hero is hugely outnumbered but each opponent patiently stands around looking menacing waiting to be ‘sorted out’ in turn.

    Likewise Eurozone bailout candidates have lined up individually to face the Troika by rota and once ‘saved’ the ‘rescuers’ have sought to sing a little aria akin to the end of a Mozart opera noting how good has vanquished evil and all will be well in the world henceforth…Usually after an expensive meal in Brussels also paid for by EU taxpayers.

    So, stage one of bailout mania was a process of Eurocrises in linear order, with nations bailed out to save their economies or indeed somebody else’s bankers…
    The recent Cyprus process marked a watershed. It was a bail…well‘bail-what’ one might ask? Cyprus marked a sort of hokey cokey dance of a ‘bail-’ process; altogether now: ‘you take one bail-in, you take one bail-out…you do the hokey cokey and turn around and that’s what bankruptcy’s all about!’ Cyprus endured a bizarre bailout farrago which damaged the trust implicit in previous EU statements of safety for savers.

    The Eurocrisis has reached a new stage. Things have gone multilateral. First up are the existing bailouts. A progress report suggests all may not be quite on the road to recovery that has been previously reported by the EU. Greece festers in depression while Cyprus is a tinderbox of resentment to put it mildly. In Ireland, they want debt relief. Meanwhile in Portugal post court intervention, the government must immediately find an additional 1.3 billion Euros in cuts or face the consequences. Having already cut some 13 billion from the budget, this is, to put it mildly, a problem.

    With Portugal on a precipice, the Mediterranean 500 lb gorilla nations do not look much better. In Spain the government have a massive majority but, like France, barely seem to grasp they are supposed to lead. As befits the land of Machiavelli, Italy has bypassed the leadership problem completely by failing to form a government at all.

    At least we can sigh relief about stability when it comes to Germany as… No, hold on a moment. There is a mild-mannered Professor in Hamburg who is no populist but he is apparently very, very popular. Step forward Professor Bernd Lucke, an economics scholar who has created the “Alternative for Deutschland” Party which is not merely anti-Euro but coolly coherent in its well-considered plans to engineer Euro-euthanasia, end the bailout death spiral and reduce simmering north-south tensions. Is the party just a protest flash in the pan? With some polls indicating their support might be a giddy 25%, the simple metric is that they must hold above 5% by the autumn elections to enter the German Parliament. This milestone alone ought to sufficiently splinter the vote to unseat Mrs Merkel…

    read more!

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April 12, 2013 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on Eurozone: Death by a Thousand Cuts!

Michael Pento Likes Gold But Warns A Stock Market Crash Is Coming!

Stock_Market_Distress_London_NY_Tokyo_HK

  • Pento Likes Gold But Warns A Stock Market Crash Is Coming! 
    by www.kingworldnews.com
    Today one of the top economists in the world told King World News he is very bullish on gold, but warned of a coming global stock market crash and economic meltdown.  Michael Pento, who heads Pento Portfolio Strategies, spoke candidly about the frightening situation the world faces in the very near future. 

    But first, Pento tore into Goldman Sachs for their call to short gold yesterday: “I would put some credence in what these two analysts (from Goldman Sachs) said if they actually gave me a fact or two as to why I should not just avoid owning gold right here after it’s down $400 an ounce from its high, but I would prefer if they just gave me one reason why I should short gold at this juncture.

    If you read their report, as I did, this is their reasoning:  I want to quote these two (Goldman) analysts, “In fact, should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast.”

    So, if you comb through their report and look for one shred of evidence, one fundamental factor as to why they are going to short gold here, you don’t find one.  The reason why they are going negative on gold is because it’s not going higher, and if gold goes lower their analysis is it will go even lower, and even faster. I mean it’s absolutely asinine when you listen to their logic….

    read more!

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April 12, 2013 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on Michael Pento Likes Gold But Warns A Stock Market Crash Is Coming!