Socio-Economics History Blog

Socio-Economics & History Commentary

Iran Threatens To Destroy Saudi Arabia After Saudi Prince Warns Of “Moving Battle To Iran”

  • Iran Threatens To Destroy Saudi Arabia After Saudi Prince Warns Of “Moving Battle To Iran”
    by Tyler Durden, http://www.zerohedge.com/
    An unexpected war of words erupted between two sworn Middle-Eastern rivals over the weekend, when Saudi Arabia and Iran threatened each other with military action, if not outright destruction.

    It started on Tuesday, when in “unusually blunt comments” delivered during a nationally-televised interview Saudi Deputy Crown Prince Mohammed bin Salman – the man who is now effectively in charge of Saudi oil policy – ruled out any dialogue with Iran and pledged to protect his conservative kingdom from what he called “Tehran’s efforts to dominate the Muslim world.”

    “We know that we are a main goal for the Iranian regime,” he said. “We will not wait until the battle comes to Saudi Arabia but we will work to have the battle in Iran rather than in Saudi Arabia.”

    read more.
http://www.timesofisrael.com/saudis-said-to-mull-air-passage-for-israeli-jets-to-attack-iran/

Click on image for article.

http://www.timesofisrael.com/israel-said-to-be-working-with-saudi-arabia-on-iran-strike-plan/

Click on image for article.

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May 8, 2017 Posted by | GeoPolitics | , , , | Comments Off on Iran Threatens To Destroy Saudi Arabia After Saudi Prince Warns Of “Moving Battle To Iran”

Is North Korea The Excuse China Needs To Launch Monetary Armageddon?

  • Is N. Korea The Excuse China Needs To Launch Monetary Armageddon?
    by , https://markstcyr.com/
    If one were only to get their “news” via the main-stream media outlets, it wouldn’t be wrong to assume when it came to the understanding of what is really going on across the globe, along with the consequences, most haven’t a clue. This point is made manifest with no greater example than the elections currently taking place in France.

    Not to belittle the French elections and their possible consequences should the results go awry for the entrenched bureaucrats (not to mention the financial markets.) There is another standoff which may bring even more immediate consequences than the other.

    Currently the Korean peninsula is in play much the same way Cuba was during the Kennedy administration known as “The Cuban Missile Crisis.” The overall situation and its possible consequences for missteps are eerily similar.

    Missiles have been moved onto the peninsula in what can only be described as “outrage” via not only N. Korea, but also China. Whether or not one agrees with the move (along with the stationing of war ships off the Korean coast) as to send a message to Pyongyang to cease all provocation via its nuclear ambitions is irrelevant.

    The real player (and the one to pay attention too) in this standoff is China. And how they go about resolving this issue at its doorstep. Both internally, as well as externally.

    Make no mistake: China is not just juggling one possible conflict, it is also currently fighting another within its own borders. For China is simultaneously on the precipice of an another possible disaster. i.e., An outright monetary disaster of its own making which needs to be resolved with the same immediacy as this external one.

    I’m of the opinion this kerfuffle with N. Korea may be the catalyst which drives China to either embark on an outright kinetic posture against the West to resolve. (e.g., If no one backs down or worse) Or – will be the inflection point as to allow the monetary fallout within its financial markets to begin in earnest. Crippling the entire global economy in ways not fully understood (or envisioned) by many, especially “The West”, in what may be akin to a “First Strike” monetary (rather than kinetic) action.

    Waiting to see if the $Dollar reverses and brings the hurt on in ways that are out of the politburo’s control or sphere of influence will not be seen as “prudent” by anyone within the Chinese authority. “Waiting” from their viewpoint might be the last thing they can consider, especially since “warships” and “missiles” are now needed to be factored into the immediacy for monetary decision-making.

    They may decide to act, and act sooner, rather than later.
    No matter what happens in France or N.Korea.

    read more.

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May 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Comments Off on Is North Korea The Excuse China Needs To Launch Monetary Armageddon?

Macron Wins, French Roll Over To Tyranny Again

May 8, 2017 Posted by | GeoPolitics | , , , | Comments Off on Macron Wins, French Roll Over To Tyranny Again

Gaza: A Hellhole Created by Israel

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.

  • Gaza: A Hellhole Created by Israel
    by Rana Alshami, http://www.redressonline.com/, 17 June 2014
    Israel has launched yet another campaign against the Palestinian people. This time its excuse is the kidnapping of three teenage “boys”. Israel is using this incident to once again collectively punish my people. According to international law, collective punishment is a crime.


    Israel worries about these children of illegal colonizers who threw my people off of our land, but what about the thousands of Palestinians, including young children, who have been abducted by Israeli soldiers and thrown into Israeli jails without charge? What are our children guilty of to be imprisoned and trapped in cages? Did they fire rockets into Israel in reaction to the many times more rockets Israel fires at our homes and lands?

    Lest we forget
    You must not forget these crimes, nor should you forget Israel’s bloody massacres of my people. My people suffer behind walls and the rest of the world remains ignorant and silent. Thousands of Palestinian children have been tortured in Israeli prisons. No one knows the pain we live with. What proof is there that we really kidnapped the “boys”? And if Palestinians did kidnap these Jewish boys, they would have done so as a result of the atrocities they and their families have been subjected to throughout their entire lives.

    Beginning over 45 years ago, Israel began building settlements in order to prove its claim to all of our land, which it stole by virtue of its  greater strength and cunning. It build new settlements and continues to expand existing ones. Chedi Klibi, former Secretary-General of the Arab League, outlines three basic objectives of Israel’s expansionism:

    1. The annexation of more Arab lands, including the displacement of the inhabitants, which lead to demographic changes that increase the Jewish population; expropriation of Palestinian property and the necessary and continuous repression required to prevent the Palestinians from keeping what is rightfully theirs.

    2. The preemption of any attempt by the Palestinian people to affirm their human rights, among which is the right of self-determination in their own land. Thus, the original and long term objective of proliferating and expanding settlements is to eliminate the Palestinian people and their recognized national rights from the region’s political map.

    3. To use the settlements issue to foil any political solution that doesn’t concede full Israeli sovereignty over occupied Palestinian territory. Israel is saying, in effect, that it will accept nothing less than surrender, even though it insists on calling this surrender “peace”.

    Dear reader, do you know what it means to be a Palestinian? It means you are not able to move here or there, and that you have few of the basic requirements needed to live a decent life. We are deprived even of our sleep, and the only thing the powers that oppress us expect us to do is to remain ignorant.As Palestinians, curses follow us everywhere we go. For example, last year I went to Cairo to be interviewed for my visa. I did the interview very well but the officer smiled at me and said: “Rana, sorry, but we can‘t issue your visa to the US.” I asked why? His only answer was “because you are Palestinian”. My American friend spent USD 1,000 on the visa application, travel expenses to and from Cairo, and three days of food and lodging for my mother and me. The US, which assists Israel in making life difficult for us, made us go through an expensive and time-consuming process that it knew all along would result in rejection.

    read more.
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.

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.

Noam_chomsky-It_is_not_War_it_is_murder_by_Zionist_Israel

https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

http://www.independent.co.uk/news/world/middle-east/tales-from-gaza-what-is-life-really-like-in-the-worlds-largest-outdoor-prison-8567611.html

Click on image for article!

http://www.ynetnews.com/articles/0,7340,L-3595097,00.html

Click on image for article!

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

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

  • “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
https://socioecohistory.wordpress.com/2013/03/12/professor-noam-chomsky-jew-my-visit-to-gaza-the-worlds-largest-open-air-prison/

Click on image for article!

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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May 8, 2017 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , , | Comments Off on Gaza: A Hellhole Created by Israel

Tectonic Explosion Soon To Spark Civil Unrest?

  • Published on May 4, 2017
    Mat Bracken explains how America is ripe for societal collapse with only a little push.

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May 8, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off on Tectonic Explosion Soon To Spark Civil Unrest?

Dove Soap Ad Features Transgender “Mom”

  • Published on Apr 13, 2017
    Dove soap commercial features new mothers with their babies, and includes a transgender woman who is the biological father of the baby, but identifies as the child’s mother. Media analyst Mark Dice has the story.
http://www.newsmax.com/Newsmax-Tv/Tom-DeLay-Justice-Department-perversions/2015/06/30/id/652929/

Click on image for article.

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May 8, 2017 Posted by | Social Trends | , , , , , , , | Comments Off on Dove Soap Ad Features Transgender “Mom”

The Last Time This Happened, China Devalued

  • The Last Time This Happened, China Devalued
    by Tyler Durden, http://www.zerohedge.com/
    “It’s quiet, too quiet”, “the calm before the storm”, “the deep breath before the plunge” – you name the idiom, there is nowhere it applies more than US equity markets (lowest closing range in 65 years). Dow has done nothing for 8 days… the longest streak since 1952…

    However, if ever there was a catalyst for chaos, it is the collapse in uncertainty around the Chinese Yuan… 

    As Bloomberg notes, the eerie stability in the yuan is reminiscent of the period leading up to China’s unexpected currency devaluation in August 2015. The one-year implied volatility of the yuan has dropped to about 4.7 percent, from about 8 percent at the beginning of the year.

    read more.

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May 8, 2017 Posted by | Economics | , , | Comments Off on The Last Time This Happened, China Devalued

The Globalist Trade Agreement You Didn’t Hear About

  • The Globalist Trade Agreement You Didn’t Hear About
    by James Corbett, http://theinternationalforecaster.com/
    You remember the SPP, don’t you? The attempt to create a North American Union by harmonizing the border controls, environmental and business regulations and security forces of Canada, the US and Mexico?

    Of course you do, because sites like The Corbett Report caught wind of it, publicized its secret meetings, and organized widespread resistance to expose the plot (and expose police provocateuring in the process).

    Remember SOPA, PIPA, ACTA and CISPA, the attempt by globalist corporations and totalitarian control freaks to crack down on the free and open internet under cover of copyright policing?

    Of course you do, because sites like The Corbett Report warned you about them and the masses organized to derail them at the last second.

    Remember the TPP, the attempt to create a free trade agreement for the Asia-Pacific that would have enriched the globalist corporate elite at the expense of everyone else?

    Of course you do, because sites like The Corbett Report sounded the alarm in the early days of the agreement and explained the finished deal in plain English when it finally emerged from the swamp, whipping up a populist backlash that ended the deal.

    Remember the WTO’s Trade Facilitation Agreement? You know, the all-encompassing agreement between the WTO’s 164 members (97% of global GDP) that has been hailed as “the most significant multilateral trade deal concluded since the establishment of the World Trade Organisation?” The one that implements the globalists’ wet dream of harmonizing export and import processes and trade infrastructure among the majority of the world’s population?

    No? Doesn’t ring a bell? Hmmm…I wonder why that is?
    Don’t worry. If you’re only hearing about the agreement now, it’s not because you weren’t paying attention. It’s because almost no one was paying attention, including me. If the daily flurry of craziness that is the Trump-era news cycle has ever left you wondering what you’re being distracted from, here is one answer. It’s called the WTO Trade Facilitation Agreement, and it just entered into force in February.

    read more.

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May 8, 2017 Posted by | Economics, GeoPolitics | , , , , , | Comments Off on The Globalist Trade Agreement You Didn’t Hear About

Turkey’s Foreign Minister: “Holy Wars Will Soon Begin!”

http://www.dailystar.co.uk/news/latest-news/568976/europe-civil-war-islam-france-italy-referendum-eurozone-crisis-far-right-movement

Click on image for article.

  • “Holy Wars Will Soon Begin”
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/
    Turkey’s foreign minister didn’t mince words. He recently said that Europe’s politicians are “taking Europe toward an abyss.” He added, “Soon religious wars will break out in Europe. That’s the way it’s going.”

    This was not an idle warning from a fringe politician. In fact, the Turkish minister is in a unique position to understand where Europe’s migrant crisis is headed. Turkey plays a critical role in this crisis. In many ways, it holds the European Union’s very life in its hands. As I write, Turkey is threatening to destroy the European Union (EU). This could all start in a matter of days.

    In recent years, over 1.5 million migrants from Africa, the Middle East, and South Asia have flooded into Europe. It’s already one of the largest mass migrations in history. But it’s just getting started. At least 2 million more migrants are bottled up in Turkey. There are millions more in Africa.

    Most of these migrants are unskilled. They don’t share the same race, religion, or culture of most Europeans. Few speak the language of their new countries. Almost all of them end up on welfare, further draining already bankrupt European states. This is where Turkey holds the key to the EU’s future…

    Turkey’s relationship with the EU recently hit new lows. The Turkish government has threatened to open the migrant floodgates… just in time to tip the scales for anti-EU candidate Marine Le Pen in France’s presidential election.

    This is all adding up to a historic crisis. Of course, when there’s a crisis, most people only see danger. But these are actually opportunities. Crises often allow you to buy a dollar’s worth of assets for a dime or less.

    read more.
http://www.express.co.uk/news/world/739078/Europol-terror-threat-Isis-germany-uk-belgium

Click on image for article.

http://www.express.co.uk/news/world/725238/Mosul-Britain-Europe-terror-warning-isis-jihadis-unleash-Karin-von-Hippel-daesh-RUSI

Nephilim, children of the lesser serpent ‘gods’ desperate to ignite their Satanic WW3. Click on image for article.

http://www.express.co.uk/news/world/555434/Islamic-State-ISIS-Smuggler-THOUSANDS-Extremists-into-Europe-Refugees

All warfare is based on deception! Sun Tzu, The Art of War. Click on image for article.

http://www.dailymail.co.uk/news/article-3393669/We-heading-European-9-11-Counter-terrorism-official-says-terror-groups-plotting-simultaneous-attacks-various-countries-year.html

All these terror psyop escalation is a sign that the western financial system is close to collapse. It will ignite a global economic, currency and financial meltdown. Click on image for article.

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May 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Turkey’s Foreign Minister: “Holy Wars Will Soon Begin!”

US House Bill on Port Controls Amounts to ‘Declaration of War’ – Russian Senator

  • US House Bill on Port Controls Amounts to ‘Declaration of War’ – Russian Senator
    by https://sputniknews.com/
    A US House of Representatives bill establishing control over the Russian Far East ports envisions a show of force and thus amounts to a declaration of war, the chairman of the Russian upper house of parliament’s international committee told Sputnik.

    “This bill, I hope will never be implemented because its implementation envisions a scenario of power with forced inspections of all vessels by US warships,” Konstantin Kosachev said Friday.

    His comments follow the reported passage on Thursday of a House bill enhancing sanctions against North Korea, outlining “inspection authorities” over Chinese, Iranian, Syrian and Russian ports. The latter include the ports of Nakhodka, Vanino and Vladivostok.

    “Such a power scenario is beyond comprehension, because it means a declaration of war,” Kosachev underscored.

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May 8, 2017 Posted by | GeoPolitics | , , , , , , | Comments Off on US House Bill on Port Controls Amounts to ‘Declaration of War’ – Russian Senator

Washington NeoCons Believe that the US Can Win a Nuclear War Against Russia and China with Minimum Damage

World War 3 is near?

  • Washington NeoCons Believe that the US Can Win a Nuclear War Against Russia and China with Minimum Damage
    by Paul Craig Roberts, http://www.paulcraigroberts.org/
    Sauron Rules in Washington
    “The problem is that the world has listened to Americans for far too bloody long.”  — Dr. Julian Osborne, from the 2000 film version of Nevil Shute’s 1957 book, On the Beach 

    A reader asked why neoconservatives push toward nuclear war when there can be no winners. If all die, what is the point? The answer is that the neoconservatives believe that the US can win at minimum and perhaps zero damage.

    Their insane plan is as follows: Washington will ring Russia and China with anti-ballistic missile bases in order to provide a shield against a retaliatory strike from Russia and China. Moreover, these US anti-ABM bases also can deploy nuclear attack missiles unknown to Russia and China, thus reducing the warning time to five minutes, leaving Washington’s victims little or no time in which to make a decision.

    The neoconservatives think that Washington’s first strike will so badly damage the Russian and Chinese retaliatory capabilities that both governments will surrender rather than launch a response. The Russian and Chinese leaderships would conclude that their diminished forces leave little chance that many of their ICBMs will be able to get past Washington’s ABM shield, leaving the US largely intact. A feeble retaliation by Russia and China would simply invite a second wave US nuclear attack that would obliterate Russian and Chinese cities, killing millions and leaving both countries in ruins.

    In short, the American warmongers are betting that the Russian and Chinese leaderships would submit rather than risk total destruction. There is no question that neoconservatives are sufficiently evil to launch a preemptive nuclear attack, but possibly the plan aims to put Russia and China into a situation in which their leaders conclude that the deck is stacked against them and, therefore, they must accept Washington’s hegemony.

    To feel secure in its hegemony, Washington would have to order Russia and China to disarm.

    This plan is full of risks. Miscalculations are a feature of war. It is reckless and irresponsible to risk the life of the planet for nothing more than Washington’s hegemony.

    The neoconservative plan puts Europe, the UK, Japan, S. Korea, and Australia at high risk were Russia and China to retaliate. Washington’s ABM shield cannot protect Europe from Russia’s nuclear cruise missiles or from the Russian Air Force, so Europe would cease to exist. China’s response would hit Japan, S. Korea, and Australia.

    read more.
http://www.paulcraigroberts.org/2017/04/27/washington-plans-nuke-russia-china/

Click on image for article.

http://usawatchdog.com/u-s-has-plans-for-preemptive-nuclear-attack-paul-craig-roberts/

Click on image for article.

http://rt.com/news/257841-russia-china-us-hegemony/

Click on image for article.

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May 8, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Washington NeoCons Believe that the US Can Win a Nuclear War Against Russia and China with Minimum Damage

A Problem Emerges: Central Banks Injected A Record $1 Trillion In 2017… It’s Not Enough

  • Where did the money come from for Central Banks to buy these assets? Mostly from thin air. Practically, all central banks in the world are privately owned Illuminist organizations. They are owned/controlled by the Satanic bloodlines. They create money out of thin air to buy up the world, financially destabilize nations, finance wars, terrorism …
  • A Problem Emerges: Central Banks Injected A Record $1 Trillion In 2017… It’s Not Enough
    by Tyler Durden, http://www.zerohedge.com
    Two weeks ago Bank of America caused a stir when it calculated that central banks (mostly the ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, “the largest CB buying on record.”

    BofA’s Michael Hartnett noted that supersized central bank intervention which he dubbed a “liquidity supernova” is “the best explanation why global stocks & bonds both annualizing double-digit gains YTD despite Trump, Le Pen, China, macro…”

    To be sure, Hartnett’s “discovery” did not come as a surprise to regular readers: back in October 2014, Citi’s Matt King calculated that it costs central banks $200 billion per quarter to avoid a market crash, or as he put it:

    read more.

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May 8, 2017 Posted by | Economics | , , , , , | Comments Off on A Problem Emerges: Central Banks Injected A Record $1 Trillion In 2017… It’s Not Enough

Paper Gold Leverage Over 500/1 in Order to Protect Dollar and Trillions in Derivatives

  • Paper Gold Leverage Over 500/1 in Order to Protect Dollar and Trillions in Derivatives
    by http://www.thedailyeconomist.com/
    For those who either invest, trade, or save in precious metals, the past month has not been kind to the value of their holdings.  And in fact, sentiment against gold and silver ownership because of the volatile price swings has really been forged over the course of about six years going back to 2011 when each were crushed by manipulation when they were sitting at their all-time highs.

    But to understand the gold market one must understand how its price is tied not to the physical metal itself, but to paper derivatives traded daily on the Comex.  And more importantly, why both the futures market and the regulators allow the bullion banks to sell contracts in which they do not have the actual gold to backstop these trades.

    In essence it comes down to two simple and desperate needs… the first is to protect the dollar, and the second is to protect the trillions of dollars worth of derivatives held by the banks which would result in the complete implosion of the Western banking system.

    As you can see in the 10-year chart of the dollar below, in 2011 the reserve currency was on the brink of collapsing as it fell below 73 and the last maginot line of support.

    read more.

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May 8, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Comments Off on Paper Gold Leverage Over 500/1 in Order to Protect Dollar and Trillions in Derivatives

Report: Congress Holding “Secret Conversations” About Removing Trump

  • Is Trump successful in stopping the western Illuminati’s agenda? He is at best only 10% successful IMO. He has stopped the support for global warming fraud, and stopped the TPP, NAFTA … ‘trade treaties’ which are really setups for fascist world government takeover. Apart from these, he has no effect on the Satanic WW3 agenda and the deep state still has total control over the Pentagram-CIA-MIC.
  • Report: Congress Holding “Secret Conversations” About Removing Trump
    by  | http://www.Infowars.com
    Critics pushing impeachment or removal under 25th Amendment
    Members of Congress are holding “secret conversations” about removing President Donald Trump from office following a “difficult first 100 days,” according to a report from The New Yorker magazine.

    “Nobody occupies the White House without criticism, but Trump is besieged by doubts of a different order, centering on the overt, specific, and, at times, bipartisan discussion of whether he will be engulfed by any one of myriad problems before he has completed even one term in office—and, if he is, how he might be removed,” wrote Evan Osnos.


    Osnos claims to have “interviewed several dozen people about the prospects of cutting short Trump’s Presidency,” including “his friends and advisers; to lawmakers and attorneys who have conducted impeachments; to physicians and historians; and to current members of the Senate, the House, and the intelligence services.”

    read more.

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May 8, 2017 Posted by | GeoPolitics | , , , , , , | Comments Off on Report: Congress Holding “Secret Conversations” About Removing Trump

David Stockman: Biggest Bond Bubble Ever — Buy Gold. Fiscal Bloodbath Coming this Fall

  • David Stockman: Biggest Bond Bubble Ever — Buy Gold. Fiscal Bloodbath Coming this Fall
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Sky high stock and bond prices have former Reagan Administration White House Budget Director David Stockman worried because we are on our way to a big financial crash. Stockman explains, “Yes, absolutely.  The market is insanely valued right now.  They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500.  They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016.  We are at a point in the so-called recovery that has already lasted 96 months.  It’s almost the longest one in history.  What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends.  When the government shows its true colors, that it’s headed for a fiscal blood bath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all.  I mean it’s not going to happen.  They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade.  It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.”

    So, when is cold hard reality going to set in? Stockman contends, “There will be no bid for the stock once the panic sets in.  We’re going to an hit and air pocket.  The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis. . . . I would target sometime between August and November because that’s when the rubber is going to meet the road on a debt ceiling increase when they are out of cash.  Washington is going to end up in vicious political conflict over what to do about the debt ceiling. . . . It is going to be one giant fiscal bloodbath the likes of which we have never seen.”

    read more.

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May 8, 2017 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on David Stockman: Biggest Bond Bubble Ever — Buy Gold. Fiscal Bloodbath Coming this Fall