Socio-Economics History Blog

Socio-Economics & History Commentary

George H.W. Bush Motions Throat Cut At Trump

  • Published on Feb 29, 2016
    Everybody was gunning for Donald Trump in last night’s GOP Debate in Houston Texas including Illuminati kingpin H.W. Bush!

  • George HW Bush (aka ‘Magog’) is 1 of the 12 ie. Council of 13 (12 men and Satan at the witching hour).

    “Magog” of Skull and Bones
    Decades ago, as George Bush, Sr., lay naked in a coffin, inside the bowels of the Tomb, the macabre, mausoleum residence of the Order of Skull and Bones, located next to the old town cemetery in New Haven, Connecticut, his fellows performed a hellish death ritual and raised George from his sarcophagus. They gave him, as they do all initiates, a new name. Hence more, George Herbert Walker Bush would secretly be known by the Brotherhood as “Magog.”

    Now, on a mission for his infernal Lord Lucifer, comes President George W. Bush, son of the bonesman named “Magog,” to Jerusalem, Israel. There, the chief religious officials—including the High Priest of the reconvened Sanhedrin, the same devilish body that so long ago commanded that Jesus our Lord be tortured and crucified on a primitive wooden cross—recognized and honored Mr. Bush as Gog, of the land of Magog, Chief Prince of Meshech and Tubal (Ezekiel 38:1).

    read more.
http://www.crowhealingnetwork.net/pdf/Americas%20Secret%20Establishment%20An%20Introduction%20to%20Skull%20and%20Bones%20-%20By%20Antony%20Sutton.pdf

Click on image to goto free pdf E-Book.

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February 29, 2016 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off on George H.W. Bush Motions Throat Cut At Trump

Harley Schlanger: Prepare for a Chain Reaction Collapse, Wiping Everyone Out

  • Published on Feb 28, 2016
    Harley Schlanger from LaRouchePAC joins me for a economic and geopolitical update. Harley warns that negative interest rates is a banking term for theft, and Harley warns “If they start letting the banks to steal deposits, what you are looking at is a chain reaction collapse that will wipe everyone out.” But Harley also believes that the Bankster Oligarchs are ripe for a fall, but it will require AMERICAN PATRIOTS to rise up and TAKE them down. We also discuss the 2016 Presidential race which will leave us with the Communist NWO agenda of Hillary Clinton if people allow it. Standing in stark opposition to the Bush-Clinton crime families is Donald Trump. We discuss it.

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February 29, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Comments Off on Harley Schlanger: Prepare for a Chain Reaction Collapse, Wiping Everyone Out

Greece Overwhelmed with Refugees as Neighbors Tighten Borders

  • Published on Feb 27, 2016
    Greek Prime Minister Alexis Tsipras says the EU risks turning his country into a refugee “warehouse” unless other nations in the bloc share the burden of the migrant crisis. Athens says it will block future EU agreements if the refugee problem isn’t shared.

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February 29, 2016 Posted by | GeoPolitics, Social Trends | , , , | Comments Off on Greece Overwhelmed with Refugees as Neighbors Tighten Borders

Reports of Syrian Town Attacked by Militants Coming from Turkey – Russian Military

Turkey_Syria_map

  • Reports of Syrian Town Attacked by Militants Coming from Turkey – Russian Military
    by https://www.rt.com/  
    The Russian ceasefire monitoring center near Latakia says it is verifying reports of an attack on the Kurdish town Tell Abyad in northern Syria carried out by militants coming from Turkey.

    The reports came overnight and claim that the forces coming from Turkey are using heavy artillery, according to Lt. Gen. Sergey Kuralenko, who heads the center for Syrian reconciliation.

    This information was verified though multiple channels, including representatives of the Syrian Democratic Forces (SDF), [a rebel alliance that includes Kurds, Arabs and other ethnic groups and operates in the region],” he said.

    Russia has requested clarification from the US-run counterpart of the center based in Amman, citing its influence on Turkey, a member of the US-led coalition fighting the Islamic State terrorist group, the general said.

    The Turkish newspaper Hurriyet cited military sources as denying that the Turkish military were involved in any cross-border shelling on Sunday.

    Leading world powers have brokered a shaky ceasefire in some parts of Syria, which is expected to be observed by all parties expect hardcore Islamist fighters of IS and Nusra Front.

    read more.

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February 29, 2016 Posted by | GeoPolitics | , , , | Comments Off on Reports of Syrian Town Attacked by Militants Coming from Turkey – Russian Military

Professor Ilan Pappe(Jew): Israeli Myths & Propaganda. The Genocide & Ethnic Cleansing of Palestinians!

  • Uploaded on Dec 29, 2010
    Full Interview: Professor Ilan Pappe reveals the truth about the 1948 Arab-Israeli War and the ethnic cleansing of Palestine.
https://socioecohistory.wordpress.com/2013/03/21/jewish-historian-professor-ilan-pappe-israeli-myths-propaganda-the-genocide-ethnic-cleansing-of-palestinians/

Genocide and Ethnic Cleansing by Zionist ‘666’ Israel !!!

http://www.independent.co.uk/news/world/middle-east/israel-government-tortures-children-by-keeping-them-in-cages-human-rights-group-says-9032826.html

Click on image for article.

http://www.telegraph.co.uk/news/worldnews/middleeast/israel/10135157/Israel-furious-at-UN-report-detailing-torture-of-Palestinian-children.html

Click on image for article.

http://www.haaretz.com/blogs/a-special-place-in-hell/.premium-1.671538

Click on image for article.

http://www.haaretz.com/opinion/.premium-1.679129

Click on image for article.

  • Modern Ashkenazi Khazars (90+% of modern Jewry) are NOT the Jews of the Bible! Ashkenaz is not from the tribe of Shem ie. not semitic! They cannot be the descendents of Jacob/Israel who are from Shem!

    Genesis 10:1-3 (New King James Version)
    Nations Descended from Noah
    1 Now this is the genealogy of the sons of Noah: Shem, Ham, and Japheth. And sons were born to them after the flood. 2 The sons of Japheth were Gomer, Magog, Madai, Javan, Tubal, Meshech, and Tiras. 3 The sons of Gomer were Ashkenaz, Riphath,[a] and Togarmah.
https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

http://www.independent.co.uk/news/world/middle-east/former-israeli-soldier-describes-how-idf-troops-do-not-view-palestinians-as-human-beings-9828056.html

Click on image for article!

We are trained to not see Palestinians as humans – former IDF soldier!

http://www.haaretz.com/misc/article-print-page/.premium-1.590048?trailingPath=2.169%2C2.216%2C2.217%2C

Click on image for article!

http://www.haaretz.com/opinion/a-good-jew-hates-arabs-1.459832

Click on image for article!

http://www.haaretz.com/news/diplomacy-defense/.premium-1.530993

Click on image for article!

https://socioecohistory.wordpress.com/2011/05/26/ashkenazi-jews-are-not-descendents-of-the-biblical-israelites-2/

Click on image for article!

  • Sir Gerald Kaufmann (UK Jewish MP):
    “My grandmother was ill in bed when the Nazis came to her home town. A German soldier shot her dead in her bed. “My grandmother did not die to provide cover for Israeli soldiers murdering Palestinian grandmothers in Gaza. ”

    “The present Israeli government ruthlessly and cynically exploits the continuing guilt among gentiles over the slaughter of Jews in the Holocaust as justification for their murder of Palestinians.”

  • He said the claim that many of the Palestinian victims were militants “was the reply of the Nazi” and added: “I suppose the Jews fighting for their lives in the Warsaw ghetto could have been dismissed as militants.”

‘Israel was born out of Jewish Terrorism! …. They are not simply war criminals. They are fools!’

  • … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” from 4:22 onwards
  • “In 2001, Dr. Ariella Oppenheim, of Hebrew University, a biologist, published the first extensive study of DNA and the origin of the Jews. Her research found that virtually all the Jews came from Khazar blood. Not only that but Oppenheim discovered that the Palestinians—the very people whom the Jews had been persecuting and ejecting from Israel’s land since 1948—had more Israelite blood than did the Jews. In sum, the vast majority of the Jews were not Jews; some of the Palestinians were. Some of the Palestinians even had a DNA chromosome which established that they were “Cohens”—workers at the ancient Temple and synagogues of the Jews.” – Quote
http://www.democracynow.org/2013/1/29/the_gatekeepers_in_new_film_ex#.UQf8XvB8aRA.email

Click on image to goto video interview of director Dror Moreh!

“Shalom (Ex ShinBet chief) shocked viewers. He called Israeli occupation no different from Nazi occupied Europe.” – Quote

https://socioecohistory.wordpress.com/2010/05/06/is-the-star-of-david-a-jewish-or-biblical-symbol-or-an-occult-satanic-symbol/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

http://www.scienceworldreport.com/articles/10059/20131009/dna-samples-confirm-ashkenazi-jews-are-of-european-descent-study.htm

Ashkenazi Khazar Jews are not semitic people and not the real Jews of the Bible! Not the descendents of the 12 sons of Jacob/Israel !Click on image for article!

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February 29, 2016 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , , | Comments Off on Professor Ilan Pappe(Jew): Israeli Myths & Propaganda. The Genocide & Ethnic Cleansing of Palestinians!

Is The Big One Happening Now? | Andy Hoffman

  • Published on Feb 28, 2016
    Wipe out Wednesdays with Andy Hoffman:

    Andy’s latest article, Is This the Big One should have hit your mailbox by now. Start getting ready if you haven’t already. Currencies are collapsing all over the globe. Look at Canada and Australia if you don’t believe it. The Dow is down is nearly 400 points as we speak, 2000 since the beginning of the year. Crazy politicians are cropping up all over. The crisis is either here or just a heartbeat away. Numerous banks are exposed to the plunging energy prices and collapsing oil producers. Everyone is levered to the hilts. There’s no where to go and no way to save it. Don’t mean to be alarmist, but the situation is grave!

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February 29, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on Is The Big One Happening Now? | Andy Hoffman

US Government Sells $680 Million In “Bunker Buster” Bombs To ISIS-Supplier Turkey

Pentagon-terror-hoax

  • US Government Sells $680 Million In “Bunker Buster” Bombs To ISIS-Supplier Turkey
    by Tyler Durden, http://www.zerohedge.com  
    For a long time there was still some skepticism whether Turkey was providing military and other support to members of the Islamic State. As we reported last week, that skepticism was promptly eliminated following the release of transcripts of phone calls that took placebetween Turkish military officers and Mustafa Demir, the ISIS commander in charge of the Syria-Turkey border.

    The transcripts are part of a court case on ISIS at the Ankara 3rd High Criminal Court. “The issues alleged in the case came to light because of an investigation launched following information given by six Turkish citizens whose relatives joined ISIL,” Today’s Zaman reports. “Upon the application by the relatives, monitoring of the communications of 19 people started, and a prosecutor named Derda Gökmen reportedly filed a claim against 27 suspects.” The transcripts are as follows:

    read more.

WhiteHouse-Welcome_to_Bullshit_Central_residence_of_Obama_and_Bush_bin_Laden

http://www.infowars.com/isis-run-out-of-u-s-embassy-in-turkey/

Click on image for article.

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February 29, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on US Government Sells $680 Million In “Bunker Buster” Bombs To ISIS-Supplier Turkey

Lord Mervyn King: Why Throwing Money at Financial Panic Will Lead Us into a New Crisis

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

  • Lord Mervyn King: Why Throwing Money at Financial Panic Will Lead Us into a New Crisis
    by Mervyn King, http://www.telegraph.co.uk/business/  
    The past 20 years in the modern world were the best of times and the worst of times. It was a tale of two epochs – in the first growth and stability, followed in the second by the worst banking crisis the industrialised world has ever witnessed. The largest banks in the biggest financial centres in the advanced world failed, triggering a worldwide collapse of confidence and bringing about the deepest recession since the 1930s. How did this happen? Was it a failure of individuals, institutions or ideas? 

    Unless we go back to the underlying causes we will never understand what happened and will be unable to prevent a repetition and help our economies truly recover. 

    read more.
http://www.theguardian.com/business/2016/jan/06/world-bank-perfect-storm-warning-2016-slowdown-brics-economies

Click on image for article.

http://www.theguardian.com/commentisfree/2015/nov/03/financial-crisis-corporate-power-george-monbiot

Click on image for article.

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February 29, 2016 Posted by | Economics | , , , , , , , , , , | Comments Off on Lord Mervyn King: Why Throwing Money at Financial Panic Will Lead Us into a New Crisis

Kuroda’s NIRP Backlash – Japanese Interbank Lending Crashes

Japanese_interbank_lending_outstanding_balance-20160228

  • Kuroda’s NIRP Backlash – Japanese Interbank Lending Crashes
    by Tyler Durden, http://www.zerohedge.com  
    Not only has the Yen strengthened and stocks collapsed since BoJ’s Kuroda descended into NIRP lunacy but, in a dramatic shift that threatens the entire transmission mechanism of negative-rate stimulus, Japanese banks(whether fearing counterparty risk or already over-burdened) have almost entirely stopped lending to one another. Confusion reigns everywhere in Japanese markets with short-term interest-rate swap spreads surging and bond market volatility spiking to 3 year highs (dragging gold with it). As Bloomberg reports,

    The outstanding balance of the interbank activity plunged 79 percent to a record low of 4.51 trillion yen ($40 billion) on Feb. 25 since Bank of Japan Governor Haruhiko Kuroda on Jan. 29 announced plans to charge interest on some lenders’ reserves at the monetary authority.

    read more.

BOJ-Hari_Kiri_commit_suicide

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February 29, 2016 Posted by | Economics | , , , , | Comments Off on Kuroda’s NIRP Backlash – Japanese Interbank Lending Crashes

Trump Insider: Jeb Bush Accessory To 9/11

  • Published on Feb 27, 2016
    Trump insider reveals more info on Jeb’s ties to the 9/11 cover-up and how his part was bigger than first thought.
http://www.americanfreepress.net/html/9-11_solved118.html

Click on image for article.

Major_General_Albert_Stubblebine-911_was_a_Fraud_Pentagon_not_hit_by_Plane

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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February 29, 2016 Posted by | GeoPolitics, History | , , , , , , , , , , , , | Comments Off on Trump Insider: Jeb Bush Accessory To 9/11

Going to War Against Iraq for Oil and for Israel: The Lies, Fabrications and Forgeries of the Bush-Cheney Administration

Fourth_Generation_Warfare_MiddleEast_NEOcon_Zionist_New_World_Order_Satanists

  • Going to War against Iraq, for Oil and for Israel: The Lies, Fabrications and Forgeries of the Bush-Cheney Administration
    by Prof Rodrigue Tremblaythenewamericanempire.com , via http://www.globalresearch.ca/  
    We [the United States] spent $2 trillion, thousands of lives. … Obviously, it was a mistake… George W. Bush made a mistake. We can make mistakes. But that one was a beauty. We should have never been in Iraq. We have destabilized the Middle East…

    —They [President George W. Bush and Vice President Dick Cheney] lied… They said there were weapons of mass destruction. There were none. And they knew there were none. There were no weapons of mass destruction. Donald Trump (1946- ), during a CBS News GOP presidential debate, on Saturday, Feb. 13, 2016.


    [George W. Bush]
    wants to remove Saddam Hussein, through military action, justified by the conjunction of terrorism and Weapons of Mass Destruction (WMD).

    —But the intelligence and facts are being fixed around the policy.

    Richard Dearlove
    (1945- ) Head of the British Secret Intelligence Service (MI6), (in ‘Downing Street memo’, July 23, 2002).

    There is no doubt that Saddam Hussein now has weapons of mass destruction. There is no doubt he is amassing them to use against our friends, against our allies, and against us.
    Dick Cheney (1941- ), comment made at the Veterans of Foreign Wars 103rd National Convention, Aug. 26, 2002

    Spinning the possible possession of WMDs as a threat to the United States in the way they did is, in my opinion, tantamount to intentionally deceiving the American people.
    Gen. Hugh Shelton (1942- ), former Chairman of the U.S. Joint Chiefs of Staff from 1997 to 2001, (in his memoirs ‘Without Hesitation: The Odyssey of an American Warrior’, 2010)

    We [the USA] went to war [in Iraq] not just against the Iraqi forces and insurgent groups but also against a large part of the Arab world, scores and scores of millions…It is a strategic error of monumental proportions to view the war as confined to Iraq… [The Iraq war] is turning out to be the greatest strategic disaster in our history.
    Gen. William E. Odom (1932-2008), in a testimony before the Senate Foreign Relations Committee, January 18, 2007

    Republican presidential candidate Donald Trump has rendered a great service to the truth and to historians in stating publicly, on Saturday, February 13, 2016, what most people by now know, i.e. that the US-led war of aggression against Iraq, in March 2003, was not only illegal under international law, it was also an exercise in pure deceptive propaganda, and it was promoted thanks to well-documented lies, fabrications and forgeries.

    I personally published a book in early 2003 detailing how the Bush-Cheney administration, with the help of pro-Israel neocons in the higher echelons of the U.S. government, built a case for war under false pretenses.

    The machinations and deceptions behind the disastrous war against Iraq, which have resulted in literally hundreds of thousands of deaths and created millions of refugees, and which has completely destabilized the entire Middle East, constitute therefore a topic that I have been studying for many years.

    read more.
  • Published on Jan 21, 2014
    On Morning Joe, Carl Bernstein says that because he’s Jewish, he could be permitted to reveal on national television that “Jewish” neo-cons were responsible for persuading President George W. Bush into starting an “insane” war against Iraq.

  • “The war in Iraq was conceived by 25 neoconservatives, most of them Jewish, who are pushing President Bush to change the course of history.”
    – Ari Shavit Ha’aretz News Service (Israel) April 5, 2003

    “A new generation has its hands on the tiller of power…Jewish neocons have emerged as the Pentagon’s Paladins…Most striking is how unmentionable this is in the liberal press…These well-placed hawks are Jewish-Americans and it is their hardcore Zionism that is shaping American foreign policy. Zionism is fast becoming a poisoned chalice…There is real madness here, but who will stop it?”
    Ann Pettifer Common Sense December 18, 2002 
http://edition.cnn.com/2008/POLITICS/01/23/bush.iraq/

Click on image for article.

http://www.counterpunch.org/2003/02/15/colin-powell-and-the-great-quot-intelligence-fraud-quot/

Click on image for article.

http://www.huffingtonpost.com/jonathan-schwarz/colin-powell-wmd-iraq-war_b_2624620.html

Click on image for article.

https://socioecohistory.wordpress.com/2010/09/04/hexagram-star-of-david-or-star-of-lucifer/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

http://webcache.googleusercontent.com/search?q=cache:www.haaretz.com/news/diplomacy-defense/.premium-1.641334

Jews do run America! Don’t take my word for it. Read what they say themselves. The Protocols of the Elders of Zion is Satanic ie. of the Synagogue of Satan. Click on image for article.

http://mycatbirdseat.com/2014/03/51005-crisis-in-ukraine-fomented-by-the-neo-con-kagan-family/

Click on image for article.

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February 29, 2016 Posted by | GeoPolitics, History | , , , , , , , , , , , , , , , , | Comments Off on Going to War Against Iraq for Oil and for Israel: The Lies, Fabrications and Forgeries of the Bush-Cheney Administration

Tony Blair Insists Europe Needs MORE Integration And Revives Calls for a European Army to Confront Terror Threat. European Leaders Admit EU ARMY Developing ‘Much Faster Than People Believe’

http://www.dailymail.co.uk/news/article-3401145/Tony-Blair-insists-Europe-needs-integration-revives-calls-European-army-way-confront-terror-threat-ISIS.html

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http://www.express.co.uk/news/politics/612710/European-leaders-EU-ARMY-close-to-reality-Juncker

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http://www.express.co.uk/news/politics/604964/David-Cameron-under-fire-EU-army-stance

Click on image for article.

http://www.theguardian.com/world/2015/mar/08/jean-claude-juncker-calls-for-eu-army-european-commission-miltary

Click on image for article.

http://www.presstv.com/Detail/2015/03/08/400827/EC-chief-wants-to-create-EU-army

Click on image for article.

Daniel 7:7 - " ... behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns."

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

February 29, 2016 Posted by | EndTimes, GeoPolitics | , , , , | Comments Off on Tony Blair Insists Europe Needs MORE Integration And Revives Calls for a European Army to Confront Terror Threat. European Leaders Admit EU ARMY Developing ‘Much Faster Than People Believe’

Rare Footage: Turkish Tanks & Artillery Concentrate on Border with Syria Near Kobani

  • Published on Feb 28, 2016 
    A Russian TV channel has obtained footage showing a Turkish military buildup on the Syrian border near Kobani. This follows a series of cross-border shelling attacks, by Turkish forces against Kurdish positions in Syria.

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February 29, 2016 Posted by | GeoPolitics | , , , , | Comments Off on Rare Footage: Turkish Tanks & Artillery Concentrate on Border with Syria Near Kobani

Contraction Of Credit… Central Bankers Greatest Fear!

NYSE-investor-credit-SPX-since-1995-inverted

  • Contraction Of Credit… Central Bankers Greatest Fear!
    by , http://www.jsmineset.com/  
    Just a short comment on a VERY BIG problem! The above chart shows “margin” balance on the NYSE with an inverted chart of the S+P 500 laid over it.

    Please notice the amount of credit being used to carry stocks now is significantly larger than it was at previous market tops in 2000 and 2007. Also, the amount of credit has begun to contract, this is a classic margin call being met …so far. The danger of course is as it always has been when margin builds like this. As the equity market pulls back, margin calls are issued and in some cases “forced sales” are done. This can, has in the past and most likely will occur and morph into a virtual loop where forced sales weaken prices, creating new margin calls and more forced sales in a negative feedback loop…otherwise known as a market panic.

    It does need to be pointed out, there will be no “white knight” this time around as there are none left. The Fed rode in and save the markets in late 2008. It was discovered after the fact they lent $16 trillion all over the world. They have blown their balance sheet from some $600 billion in 2007 to a current $4.5 trillion. The Treasury had about $9 trillion of on books debt with a $14 trillion economy. Now the Treasury owes $19 trillion (the real number is multiples of this) supported by a $17 trillion economy (this amount is questionable).

    My point is this, in the past when margin debt got to outsized levels it created “bubbles” as it has now. Once the margin debt begins to contract, this is when the waterfall action begins and this is exactly where we are today! Margin debt is contracting with the background of a financial system that is having liquidity problems. Top this off with central banks already all in, and sovereign treasury balance sheets bloated with more debt than the size of their underlying economic output.

    read more.

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February 29, 2016 Posted by | Economics | , , , , , , | Comments Off on Contraction Of Credit… Central Bankers Greatest Fear!

The Global Run On Physical Cash Has Begun: Why It Pays To Panic First

Europe_savings_vs_interest_rates

  • The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
    by Tyler Durden, http://www.zerohedge.com  
    … especially if physical currency is gradually phased out in favor of some digital currency “equivalent” as so many “erudite economists” and corporate media have suggested recently, for the simple reason that in a world of negative rates, physical currency – just like physical gold – provides a convenient loophole to the financial repression of keeping one’s savings in digital form in a bank where said savings are taxed at -0.1%, or -1% or -10% or more per year by a central bank and government both hoping to force consumers to spend instead of save.

    For now cash is still legal, and NIRP – while a reality for the banks – has yet to be fully passed on to depositors. 

    The bigger problem is that in all countries that have launched NIRP, instead of forcing spending precisely the opposite has happened: as we showed last October, when Bank of America looked at savings patterns in European nations with NIRP, instead of facilitating spending, what has happened is precisely the opposite: “as the BIS have highlighted, ultra-low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain.” (chart top of post)

    The truth is that if society panics and there is a full blown rush out of existing electronic bank deposits and into physical currency to avoid negative rate taxation, only those who panic first will be safe. Why? Because of the “magic” of fractional reserve banking – there is simply not enough physical currency in circulation to satisfy all savers’ claims.

    read more.
Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

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February 29, 2016 Posted by | Economics | , , , , , , | Comments Off on The Global Run On Physical Cash Has Begun: Why It Pays To Panic First