Socio-Economics History Blog

Socio-Economics & History Commentary

Ten Years After the First War on Gaza, Israel Still Plans Endless Brute Force

  • Ten Years After the First War on Gaza, Israel Still Plans Endless Brute Force
    by , https://www.theguardian.com/international
    Operation Cast Lead killed 1,417 people. Chillingly, the generals call their repeated bombardments ‘mowing the lawn’

    This month marks the 10th anniversary of the first major military assault on the 2 million Palestinians of the Gaza Strip. After its unilateral withdrawal from Gaza in 2005, Israel turned the area into the biggest open-door prison on Earth. The two hallmarks of Israel’s treatment of Gaza since then have been mendacity and the utmost brutality towards civilians.

    On 27 December 2008, Israel launched Operation Cast Lead, pounding the densely populated strip from the air, sea and land for 22 days. It was not a war or even “asymmetric warfare” but a one-sided massacre. Israel had 13 dead; the Gazans had 1,417 dead, including 313 children, and more than 5,500 wounded. According to one estimate 83% of the casualties were civilians. Israel claimed to be acting in self-defence, protecting its civilians against Hamas rocket attacks. The evidence, however, points to a deliberate and punitive war of aggression. Israel had a diplomatic alternative, but it chose to ignore it and to resort to brute military force.

    In June 2008 Egypt had brokered a ceasefire between Israel and Hamas, the Islamic resistance movement that rules Gaza. The agreement called on both sides to cease hostilities and required Israel to gradually ease the illegal blockade it had imposed on the Gaza Strip in June 2007. This ceasefire worked remarkably well – until Israel violated it by a raid on 4 November in which six Hamas fighters were killed. The monthly average of rockets fired from Gaza on Israel fell from 179 in the first half of 2008 to three between June and October.

    read more.
https://socioecohistory.wordpress.com/2014/09/29/the-fulfilment-of-revelation-12-the-plan-to-force-palestinians-into-sinai/

The Palestinians are the REAL Jews of the Bible!
Remember: Revelation 12:6 (CEV) 6 The woman ran into the desert to a place that God had prepared for her. There she would be taken care of for one thousand two hundred sixty days.”
The Sinai peninsula is a desert. Click on image for article!

https://www.middleeastmonitor.com/20180213-sinai-is-being-cleared-for-the-deal-of-the-century/

The Zionist plan is to forcefully expel all Palestinians from West Bank and Gaza into the Sinai desert. Click on image for article.

http://www.ikhwanweb.com/article.php?id=32900

The Zionist plan is to forcefully expel all Palestinians from West Bank and Gaza into the Sinai desert. Click on image for article.

https://www.middleeastmonitor.com/20180208-ex-egypt-envoy-evacuation-of-sinai-serves-deal-of-the-century/

The Zionist plan is to forcefully expel all Palestinians from West Bank and Gaza into the Sinai desert. Click on image for article.

https://aawsat.com/english/home/article/1141211/us-officials-netanyahu-suggested-plan-establish-palestinian-state-sinai

The Zionist plan is to forcefully expel all Palestinians from West Bank and Gaza into the Sinai desert. Click on image for article.

http://www.washingtonpost.com/blogs/worldviews/wp/2014/09/08/israelis-warm-to-a-palestinian-state-carved-out-of-egypt/#

The Palestinians are the REAL Jews of the Bible!
Remember: Revelation 12:6 (CEV) 6 The woman ran into the desert to a place that God had prepared for her. There she would be taken care of for one thousand two hundred sixty days.”
The Sinai peninsula is a desert. Click on image for article!

http://www.israelnationalnews.com/News/News.aspx/237911

Click on image for article.

http://www.mintpressnews.com/saudi-us-conditions-mohamed-bin-salman-king/229266/

Click on image for article.

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January 10, 2019 Posted by | EndTimes, GeoPolitics | , , , , , , , , , , , | Leave a comment

Israeli Settlers’ Terror Attacks Against Palestinians Tripled in 2018

  • PressTV Published on Jan 8, 2019
    Observers say attacks by Israeli settlers against Palestinians saw a dramatic rise in 2018 in crimes. Palestinians say the crimes and violence took place with a green light by the Israeli regime in a bid to normalize their existence in the occupied West Bank.
https://www.rt.com/news/388279-israel-idf-settlers-stones-palestine/

Click on image for article.

https://www.rt.com/news/372600-israel-shoot-kill-hrw/

Click on image for article.

http://www.independent.co.uk/news/world/middle-east/david-amos-gun-wielding-gang-of-israeli-settlers-attack-british-pro-palestinian-volunteer-in-west-a6693986.html

Click on image for article.

http://www.independent.co.uk/news/world/middle-east/jewish-settlers-are-terrorising-palestinians-says-israeli-general-2315435.html

Click on image for article.

http://www.haaretz.com/print-edition/news/idf-soldiers-problem-in-west-bank-isn-t-palestinains-it-s-jews-1.401683

Click on image to goto 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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January 10, 2019 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | 1 Comment

Mainstream Media Obsessed with Vilifying Russia

  • RT America Published on Jan 9, 2019
    The narrative of Russia meddling in US political affairs continue to dominate headlines in the mainstream media despite there being no facts to back up the rhetoric. RT’s Sara Montes de Oca reports. Then, Radio host and reporter Lee Stranahan joins Scottie Nell Hughes to discuss.

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January 10, 2019 Posted by | GeoPolitics, Social Trends | , , , , , , | Leave a comment

Flashback: BBC News Caught Staging FAKE Chemical Attack In Syria!

January 10, 2019 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

How the BBC Manufactured ‘Hate’

  • How the BBC Manufactured ‘Hate’
    by Jack Krak, https://www.amren.com/
    An insider’s story.
    Editor’s Introduction: This article is about events that took place in 2012, but anyone who follows the news closely knows that nothing has changed. This is a remarkable account by someone who had an inside look at deliberate falsifications by what was once one of the most respected names in journalism.
    * * *

    In May of 2012, the BBC Panorama program broadcast a documentary about “racism” in the host countries of the 2012 European soccer championship: Poland and Ukraine. Those two countries were about to stage the second biggest event in the sport after the World Cup, and legions of journalists had arrived to cover it. The purpose of the BBC program—aired strategically one week before the opening match—was to argue that neither country was qualified to host the tournament because of their “hateful” soccer cultures. The message: All-white countries are hotbeds of violent racism, and non-white fans and players would be in danger.

    I know a lot about the Panorama program because I helped produce it. I saw what is arguably the world’s most famous and trusted media organization fabricate a false, sensationalist story. Through outright distortion—and by using only those pieces that fit its predetermined views—the BBC “documented” the vicious attitudes of people who live in countries that are not sufficiently “diverse.” The program had a scripted conclusion before a single camera was turned on.

    Panorama
     is the BBC’s flagship investigative program. It is the longest-running such production in the world, having been on the air since 1953. The closest thing to it on American television is probably 60 MinutesPanorama enjoys a reputation for hard-hitting and serious investigative journalism.


    About three months before the tournament began, a BBC journalist got in touch with me through mutual media contacts and asked me to help with the part to be filmed in Poland. He said the program would be about aspects of the football culture—hooliganism, trouble at stadiums, etc.—that could cause problems for players and fans alike. This topic is something of a hobby of mine, and I have followed it carefully during my time in Poland. The BBC wanted me to be a “fixer”—the person on the ground who arranges things in advance for the production team. That meant setting up interviews, scouting filming locations, getting press passes and access to events, arranging transport, and a hundred other odds and ends. I was also expected to contribute ideas based on my knowledge.

    I suspected right from the start that they wanted things that make for good television rather than a true investigation—conflict, tension, etc.—but I was somewhat reassured because this was the BBC. Despite my reservations, I never thought they would make the television equivalent of sensationalist trashy tabloid headlines.

    read more.

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January 10, 2019 Posted by | GeoPolitics, Social Trends | , , , , , | Leave a comment

Ben Swann: Christians in the Middle East Being Exterminated. Mass Grave of Murdered Christians Found in Libya

  • Ben Swann Published on Jan 8, 2019
    Authorities have discovered the location of a mass grave containing the bodies of 34 Ethiopian migrants murdered by Islamic State militants in Libya. The victims are those seen being shot and beheaded in a 2015 Islamic State propaganda video. Investigative journalist Ben Swann joins to discuss.

http://www.express.co.uk/news/world/695366/Islamic-State-Dabiq-magazine-Christians-denounce-faith-die-futile-war

Click on image for article.

http://www.westernjournalism.com/obamas-syrian-rebels-behead-kill-children-historic-christian-villages/

Click on image for article!

http://www.thenewamerican.com/usnews/foreign-policy/item/19258-obama-s-anti-isis-coalition-built-isis-biden-admits

Click on image for article.

http://www.thenewamerican.com/usnews/foreign-policy/item/19152-obama-s-moderate-rebels-sign-deal-with-isis-report-says

Click on image for article.

https://socioecohistory.wordpress.com/2017/06/16/is-washington-dc-the-city-of-7-hills-the-endtimes-babylon-city-2/

Click on image for article.

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January 10, 2019 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

Lior Gantz: Explosive Upside Potential For Gold & Silver

  • Lior Gantz: Explosive Upside Potential For Gold & Silver
    by https://www.silverdoctors.com/
    Lior agrees that the outlook for gold and silver is improving dramatically. Here’s why… Lior Gantz interviewed by Palisade Radio:

    Lior agrees that the outlook for Gold and Silver is improving dramatically. Recent market action has resulted in a rebound. In September mining stocks hit 52-week lows, and the regular markets are now entering bear market territory. Inflation is on the rise and many states are hiking their minimum wage. Recent US Dollar strength is actually a bearish sign.

    Mining shares need several things to catch a bid. They need interest rates to be trending lower, an unfavorable environment for the stock markets, indications of inflation, and unstable geopolitics. Time Stamp Reference:

    1:10 – Current state of precious metal stocks.
    2:10 – Recent market sentiment.
    2:40 – Interest rates and inflation.
    4:00 – Dollar performance and why the outlook is bad.
    6:20 – Gold and silver demand picture.
    7:30 – Gold silver ratio and potential upsides.
    8:30 – Silver will outperform.
    10:00 – Uranium sector.
    13:25 – Misconceptions about gold.
    15:45 – China’s performance in the world and gold.
    17:00 – How gold minimizes risk.

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January 10, 2019 Posted by | Economics | , , , , , , , , , | Leave a comment

Globalist Pope Francis’ Marxist Program to End All Sovereign Nations

  • Globalism” is a euphemism by which “Globalists” (ie Illuminists, Satanists) prepare the world for a Luciferian New World Order, One World Government led by the Anti-Christ.
  • Globalist Pope Francis’ Marxist Program to End All Sovereign Nations
    by Vic Biorseth, April 11, 2017, https://www.catholicamericanthinker.com/
    Our Globalist Pope leads the attack on all National Sovereignty to bring an end to all national borders in favor of Total Global Disorder, ostensibly for the good of the Planet and the Poor.

    We have spoken of Pope Francis’ obvious Marxism among the Papal Imperfections Pages, among other places.  His unfailing support of Marxism’s total global agenda leads to one possible conclusion, that he may actually be a Radical Marxist Revolutionary in deep disguise.  Or, of course, he could be stupid; a mere Marxist Useful Idiot.  Or something somewhere in between, like a Progressive

    Whatever he is, he opposes national sovereignty and the right of nations to have borders and rules of entry.  And, whether he believes it or not, he fervently supports the Marxist-Globalist-driven Climate Change hoax aimed at all nations subordinating themselves to Global Governance, for the good of the planet.

    (And for the good of Globalism.) 
    Without naming names, specifically without naming President Trump, Pope Francis has embarked on a program directly opposing anti-illegal immigration “Right Wing Populism” in all sovereign nations with borders.  He wants all nations to allow floods of un-vetted, undocumented, aliens to enter their borders without restriction.

    No need to apply for immigration papers at any embassy, no need for any immigration papers, no need to do anything the law requires in any nation, or even to enter through the appropriate entry points.  Just flood right on in, from any point on any border.  And bring your Marxism and/or your Islamism with you, right on into your new host country. 

    Lots of Cardinals, Bishops and Priests have jumped on Francis’ Globalist bandwagon and are welcoming criminal aliens with open arms, all over America.  Publishing foreign language lists of “rights” for them to learn and take advantage of, as if they were citizens with citizen’s rights, and not criminal aliens at all. 

    The Washington Post reports on How Francis is Leading the Catholic Church against the anti-Globalist notion of Nationhood.  There you can read about how high ranking American Catholic clerics ware working feverishly to destroy American sovereignty, in the name of the Poor.

    Right.
    It’s really in the name of Globalism, and in the name of the ruler of the Globe.

    read more.

http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

Click on image for article.

http://americanfreepress.net/?p=1263

Click on image to goto article.

http://blogs.reuters.com/faithworld/2011/10/24/vatican-calls-for-global-authority-on-economy-raps-idolatry-of-the-market/

Still think that a World Government and a Global Supra-National World Central Bank is a conspiracy theory? Don’t be naive!

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January 10, 2019 Posted by | EndTimes, GeoPolitics | , , , , , , , | 3 Comments

Collapse of the European Integration ‘Is On The Cards’ – Professor

  • Collapse of the European Integration ‘Is On The Cards’ – Professor
    by https://sputniknews.com/
    With 2019 beginning and the EU as fractured as ever, increasing scrutiny has been placed by leading economists on the bloc’s single currency the EU. Which they argue has caused more harm than good.

    Sputnik spoke with Stavros Mavroudeas, Professor of Political Economy at the University of Macedonia for more insight on the issue.

    Sputnik: Is the Euro a failed project?
    Stavros Mavroudeas: I think the Euro overall is a problematic project. It’s not a success story; it’s actually proving to be a story of a failure. The Euro is a part of the European integration project, and this in my opinion is an imperialist project.


    Imperialism meaning; at least in Marxism, that a country or bloc of countries exploits other countries economically. The European integration was inaugurated the Second World War under the auspices of the US, with the aim of securing economically and politically Western Europe, from the Soviet threat.

    It changed radically after the nineteen seventy three global capitalist crisis; because by then the US supremacy faltered, and there was another time after nineteen eighty nine, when the Soviet bloc collapsed.

    By then the European integration acquired greater independence from the US and even aspired to dethrone it, as the new economic capitalist superpower of the world.

    The former European Monetary Union is the necessary evolution of this course of European integration, because after the collapse of the Bretton Woods system, particularly its exchange rates system; that was based on the dollar and was a system of fixed exchange rates.

    Once this system collapsed; and it did so because of the US under the Nixon administration withdrew from that system and acted unilaterally, then the European integration needed a currency for its common market. They moved towards creating ultimately, after several previous failed attempts in creating the European Monetary Union, that is the Euro.

    Sputnik: Would the collapse of the Euro mean the collapse of the EU?
    Stavros Mavroudeas:
    I think that the possibility of either a collapse or a fragmentation of the European Integration and its monetary union is on the cards.


    read more.

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January 10, 2019 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

How The US Spent Billions To Change The Outcome Of Elections Around The World: A Review

https://socioecohistory.wordpress.com/2017/06/16/is-washington-dc-the-city-of-7-hills-the-endtimes-babylon-city-2/

Click on image for article.

  • How The US Spent Billions To Change The Outcome Of Elections Around The World: A Review
    by Danny Haiphong BlackAgendaReport.com, via https://www.zerohedge.com/
    The U.S. military state overthrows democratically-elected governments that it deems to be a threat to corporate interests.

    “There is plenty of evidence that the United States is the most depraved and dangerous “meddler” in the affairs of other nations that history has ever known.”

    Dan Kovalik is a labor and human rights lawyer, but most of all he is an anti-imperialist and an author of three books. Kovalik’s first two books tackled the specific US war drives against Russia and Iran. His third installment, The Plot to Control the World: How the US Spent Billions to Change the Outcome of Elections Around the World, addresses the broad scope of US election meddling abroad. The book provides much needed political and ideological life support to an anti-war movement in the U.S that has been rendered nearly invisible to the naked eye.

    The Plot to Control the World is as detailed in its critique of U.S. imperialism as it is concise. In just over 160 pages, Kovalik manages to analyze the various ways that the U.S. political and military apparatus interferes in the affairs of nations abroad to achieve global hegemony. He wastes no time in exposing the devastating lie that is American exceptionalism, beginning appropriately with the U.S. imperialist occupations of Haiti and the Philippines at the end of the 19thcentury and beginning of the 20th. The U.S. would murder millions of Filipinos and send both nations into a spiral of violence, instability, and poverty that continues to this day. As Kovalik explains regarding Haiti, “While the specific, claimed justifications for [U.S.] intervention changed over time- e.g., opposing the end of slavery, enforcing the Monroe Doctrine, fighting Communism, fighting drugs, restoring law and order — the fact is that the interventions never stopped and the results for the Haitian people have been invariably disastrous.”

    “Kovalik wastes no time in exposing the devastating lie that is American exceptionalism.”

    US expansionism has relied upon the ideology of American exceptionalism to silence criticism and weaken anti-war forces in the United States. American exceptionalism claims that the U.S. is a force for good in the world and completely justified in its wars of conquest draped in the cover of spreading “democracy and freedom” around the world. Kovalik challenges American exceptionalism by showing readers just how much damage that US expansionism and militarism has caused for nations and peoples in every region of the planet. Russia, Honduras, Guatemala, the Democratic Republic of the Congo, Vietnam and many other nations have seen their societies devastated by U.S. “election meddling.”In Honduras, for example, a U.S.-backed coup of left-wing President Manuel Zelaya in 2009 made the nation one of the most dangerous places in the world to be a journalist, indigenous person, or trade-union/environmental activist. Thousands of Hondurans have been displaced, disappeared, or assassinated since the coup.


    read more.
http://www.paranoiamagazine.com/wp-content/uploads/2013/02/THE%C2%A0SECRET%C2%A0TEAM.pdf

Click on image for pdf book! Or here for online version: http://bilderberg.org/st/index.htm

http://www.addictedtowar.com/docs/The.War.Against.the.Third.World.pdf

Click on image to goto the free pdf book.

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January 10, 2019 Posted by | GeoPolitics | , , , , , , , | Leave a comment

From ‘Nation-State’ to ‘International Organization’: US Downgrades EU Ambassador’s Diplomatic Status

  • Implied is the intent to break apart the globalist EU organization.
  • RT Published on Jan 9, 2019
    READ MORE: https://on.rt.com/9lxi
    The Trump administration quietly downgraded the diplomatic status of the European Union’s mission to the US late last year, without informing the diplomats themselves, a German report has revealed.

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January 10, 2019 Posted by | GeoPolitics | , | Leave a comment

Erdogan Dismisses Bolton’s Demand to Protect Kurds

  • RT America Published on Jan 9, 2019
    US national Security adviser, John Bolton traveled to Turkey this week to talk with Turkish and Israel officials about the future of US Troops in Syria. Instead Bolton received a furious response from Turkish’s president who declined to meet with him. For more on this, former US government advisor to Saudi Arabia, Paul Larudee joins Scottie Nell Hughes to discuss.

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January 10, 2019 Posted by | GeoPolitics | , , , | Leave a comment

US Downgraded EU Ambassador’s Diplomatic Status

  • RT America Published on Jan 9, 2019
    The Trump administration quietly downgraded the diplomatic status of the European Union’s mission to the US late last year, without informing the diplomats themselves. RT’s Rachel Blevins has the latest.

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January 10, 2019 Posted by | GeoPolitics | , | Leave a comment

China and U.S. Trade Talks Give NOTHING! Computer Algorithms Push Market Higher?!

January 10, 2019 Posted by | Economics | , , , , | Leave a comment

John Rubino: Record Global Debt & Chaos in 2019. All We Have Left is to Wipe the Slate Clean

  • John Rubino: Record Global Debt & Chaos in 2019. All We Have Left is to Wipe the Slate Clean
    by Greg Hunter’s USAWatchdog.com 
    Financial writer John Rubino says no matter what country, the global debt has exploded to record highs, and it’s going to go even higher in the coming years. Rubino contends, “Government debt is going to soar going forward no matter what. Whether we have three more years of growth or a recession next year, we are going to see massive new deficits and massive increases in government debt all over the world. This is coming at a time when we have already hit record levels of debt and blown right through previous record levels. The last crisis, that almost ended the global financial system, was debt driven. The next one is going to be that much, much more serious because we basically doubled the amount of debt that’s out there since 2005 and 2006.”


    On the political front, Rubino says, “The idea that things get more extreme from here is not that out of the ordinary and not that hard to believe. We are not just going to see gridlock here in the U.S., we are going to see chaos. That means of the things that should be gotten done, very few of them will be. . . . Political chaos is good for precious metals . . . both metals are way undervalued.”

    Few would disagree, that at some point, the financial system is going to explode. Rubino says, “Let’s look at what happens when this finally blows up. The pressure is going to be on currencies when the financial system starts to spin out of control next time. In other words, people are going to see the amount of debt we are taking on, see the amount of currency we are creating to service all this debt, and will wonder what that does to the value of the currencies that are being aggressively created. They will lose faith in those currencies. What is unique about this time, countries have screwed up their currencies since the beginning of time . . . but this time around, they are all doing it. Every major country in the world has a printing press, which is to say an unlimited credit card. They are maxing out that credit card . . . and they are doing it simultaneously.”

    In closing Rubino says, “All we have left is to wipe the slate clean and say, you know what, this thing did not work. It’s a 60 year experiment that turned out to have a fatal flaw, which is you can’t hand a printing press to a government.”

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January 10, 2019 Posted by | Economics | , , , , , , | Leave a comment