Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Rickards: The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil
    by Chris Campbell, Jan 17, 2017, https://lfb.org/
    “The final weapon in the Fed’s arsenal,” Jim Rickards, author of The Road to Ruin: The Global Elites’ Secret Plan For the Next Financial Crisis, wrote this week, “is the financial equivalent of nuclear war.”

    The Fed’s “nuclear option,” Rickards warns, is… wait for it… gold.

    We bring this up today because this nuclear option could have a yuge (sometimes spelled “yooge”) impact on the price of not only the midas metal (see below), but of silver ($100) and oil ($200), too. And we want you to have plenty of time to ready yourself.
    ….
    7 Federal Reserve Tools and Why They’re All Flawed
    Jim Rickards
    In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.

    The following is a survey of seven Federal Reserve tools in the Fed toolkit to stimulate the economy if recession or deflation gains the upper hand and why their toolkit is flawed.

    Helicopter Money
    The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.

    The Nuclear Option — Gold
    The final weapon in the Fed’s arsenal is the financial equivalent of nuclear war. The Fed could instantly create inflation and achieve nominal if not real growth by massively devaluing the dollar when measured as a unit of gold.

    This was last done in 1933–34 and was highly successful. Stocks rallied and commodity prices boomed in the middle of the Great Depression (1929–1940). This boom was not sustained because the Fed and Treasury prematurely tightened monetary policy and fiscal policy in 1937, which put the U.S. economy back into a severe technical recession from 1937–1938.

    The Fed could use this nuclear option by coordinating with the Treasury to make a two-way market in gold using printed money. This would work exactly like quantitative easing, except the Fed would buy or sell gold instead of Treasury bonds.

    The Fed would set an arbitrarily high fixed price for gold such as $5,000 per ounce. The Fed would make that price stick by offering to buy gold from any seller at $4,900 per ounce and selling gold to the market at $5,100 per ounce. This amounts to a 4% band or spread around the target price, a classic pegging technique.

    Gold could be removed from or added to the U.S. hoard at West Point, NY, and money would be created by or destroyed by the Fed in order to make the target price stick.

    If, for example, the price of gold was $1,300 per ounce before the operation, the effect would be to devalue the dollar from 1/1,300th of an ounce of gold to 1/5000th of an ounce of gold, a 75% devaluation of the dollar. This devaluation would not take place in isolation.

    A 75% dollar devaluation in gold would signal devaluation in all other goods and services and result in $100 per ounce silver, $200 per barrel oil, etc.

    This is obviously an extreme measure and would only be used in the face of strong persistent deflation. Yet, the fact that that technique exists and has been used in the past is one reason to conclude that deflation will not in fact persist beyond certain limits because the Fed and Treasury have the ability to stop it as they did in 1933.

    read more.

end

January 19, 2017 Posted by | Economics, History | , , , , , , , , , | Leave a comment

Nomi Prins: Financial Crash Possible in Last Quarter of 2017

  • Nomi Prins: Financial Crash Possible in Last Quarter of 2017
    by Greg Hunter’s USAWatchdog.com
    Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its old and potentially new structure and potential new political leadership. I think that is a major wild card now. That snakes through Russia, and that snakes through Eurasia relationships, and that relates back to Trump. The wild card is the linkages among those things.”


    Prins, who is a former top Wall Street banker, also thinks it’s hard to define the bad guys and the good guys. Prins contends, “From an economic standpoint, everyone has side deals. So, there is no positive or negative economy. . . . All countries do good things, and all countries do bad things. What is happening right now is all of the alignments between countries have been changing. . . . The reality is there are going to be a lot of things renegotiated, and it’s not just Trump and the U.S. doing the renegotiating. All the other countries are negotiating as well. If there is enough antagonism with how Trump is going to renegotiate those agreements . . . that could limit trade into the U.S., and that could limit our bargaining power. . . . That is all in flux this year.”

    Prins correctly predicted no financial crash for 2016. Prins’ upcoming book is titled “Artisans of Money.” It is all about central bank money creation. What does Prins say about this year? Prins predicts, “In 2016, I pegged the non-crash. . . . Central bankers were finding new ways to extend their money creation policies. That is what kept the markets up. There was a separate bid on the markets after Trump was elected. It was on the expectation that he would be good for growth, that he would be good for infrastructure and that he would create jobs. I do think there is a little juice in the central banks. I keep thinking there shouldn’t be, but they keep surprising all of us with their ability to boost the markets. They have artificially stimulated so many different asset bubbles, whether it’s debt, which is epic, or stock markets, many of which are at historic highs. If we have a crash, it will be in the second half of 2017. The promises, the rate hikes, the dollar being high could collapse into the realities of the stability and this artificialness. I am not sure about a crash this year, but if we see a big decline, it will be in the last quarter.”

    On the U.S. dollar, Prins says, “I think with the expectation of things going well, the dollar will be keeping a bit of a bid. It will be within a range but staying fairly up. I think the dollar will turn around and weaken in the second half of the year. . . .That’s why, in the last half of the year, gold will catch more of a bid.” (Meaning prices for gold will rise according to Prins.)

end

January 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

56 Years Ago Today, Eisenhower Warned Americans Of “The Unwarranted Influence” Of The Deep State

  • 56 Years Ago Today, Eisenhower Warned Americans Of “The Unwarranted Influence” Of The Deep State 
    by Tyler Durden, http://www.zerohedge.com, 17 Jan 2017
    In his farewell address to the nation 56 years ago, President Dwight D. Eisenhower warned the American people for the first time to keep a careful eye on what he called the “military-industrial complex” that had developed in the post-World War II years. Fiscally conservative Eisenhower had been concerned about the growing size and cost of the American defense establishment since he became president in 1953, and as History.com notes, in his last presidential address to the American people, he expressed those concerns in terms that shocked many of his listeners.

    Eisenhower began by describing the changing nature of the American defense establishment since World War II. No longer could the U.S. afford the “emergency improvisation” that characterized its preparations for war against Germany and Japan. Instead, the United States was “compelled to create a permanent armaments industry” and a huge military force. He admitted that the Cold War made clear the “imperative need for this development,” but he was gravely concerned about “the acquisition of unwarranted influence…by the military-industrial complex.” In particular, he asked the American people to guard against the “danger that public policy could itself become the captive of a scientific-technological elite.”

    Eisenhower’s blunt language stunned some of his supporters.
    They believed that the man who led the country to victory in Europe in World War II and guided the nation through some of the darkest moments of the Cold War was too negative toward the military-industrial complex that was the backbone of America’s defense. For most listeners, however, it seemed clear that Eisenhower was merely stating the obvious. World War II and the ensuing Cold War resulted in the development of a large and powerful defense establishment.
    Necessary though that development might be, Eisenhower warned, this new military-industrial complex could weaken or destroy the very institutions and principles it was designed to protect.

    read more.

eisenhower-warning-military-industrial-complex

end

January 19, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

Red Alert: Davos Elites Call For a Ban on Physical Cash… in the US! ‘666’ Approaching Rapidly!

https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

‘666’ rapidly approaching! Click on image for article.

  • Davos Elites Call For a Ban on Physical Cash… in the US
    by Phoenix Capital…, http://www.zerohedge.com/
    Roughly two weeks ago, when writing about the cash ban in India, I stated:
    – 
    If you think the Elites aren’t watching this unfold with sheer delight you’re mistaken. Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.
    http://www.zerohedge.com/news/2017-01-05/elites-dream-cash-ban-now-closer-ever

    Fast forward to this week at the Davos Economic Forum in Davos Switzerland, and Nobel Prize winning economist Joseph Stiglitz all but said the exact same thing.

    Indian Prime Minister Narendra Modi has already removed 86% of his country’s currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

    Should the US follow suit?

    Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would
    , over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum’s Annual Meeting in Davos…

    “I believe very strongly that countries like the United States could and should move to a digital currency,” he said,
    “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”
    https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

    Again… the War on Cash is not slowing down. India effectively removed 86% of the physical cash in circulation and no one was forced to resign. Put simply, India signaled to the global elites that you can implement a near complete ban on physical cash, and there are no real consequences as far as political aspirations.

    We believe that the Elites will be pushing for this policy to hit the US. If you think this is impossible consider that Stiglitz openly called for the US to ban cash in the article above. Indeed, we’ve uncovered a secret document outlining how the Fed plans to ban physical cash and incinerate savings in the coming months.

    read more.
WEF 2016

WEF 2016

Carroll_Quigley_Tragedy_n_Hope2

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

end

January 18, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!

  • Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!
    by , https://www.milesfranklin.com/
    It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself.  The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and Euro currency as we know it.  Which, seven months later, appears more certain than ever – and perhaps, if this year’s Dutch, French, German, Italian, and Catalonian elections and legislative actions trend in the direction I anticipate, imminent.  Which I assure you, last night’s news will only hasten further.


    Moreover, it’s equally rare to see so many of my predictions borne out in real time; let alone, as today’s events were catalyzed by none other than Donald Trump himself, the most anti-establishment politician ever elected to a major Western political office.  To that end, I have written more of Donald Trump than any single person in my five-and-a-half years at Miles Franklin – who last night, confirmed why back in September I predicted a Trump victory would be the political, economic, and monetary equivalent of a “BrExit times ten.”  To the point that, at one of his rallies mere weeks before the election, he actually utilized that very term.

    In fact, in the past week alone, I vehemently espoused my views of why his Presidency, as initially opined in “BrExit times ten,” would be the best imaginable scenario for Precious Metal investors.   First, I taped the “Death of Trump-Flation” Audioblog on Wednesday – discussing my belief that few of his campaign promises were politically and economically viable; and fewer still, a net positive for America in the first place.  Which in reality, was a “sequel” of the “turning on Trump” Audioblog I taped in November, mere days after the election.  When, in the afterglow of having successfully avoided the election of the Wicked Witch of the West(ern Hemisphere) as President, I focused on the economic reality of what a Trump Presidency actually meant.

    Thus, when Trump “shocked the world” last night by claiming the dollar is “too strong”; and to boot, slamming the Republicans’ “border adjustment tax” proposal, in lieu of the hard-coated import tariffs he favors, he for all intents and purposes took the aforementioned “final currency war” thermonuclear; in the process, putting the gold Cartel on notice that his policies will unquestionably yield a dramatic surge in physical Precious Metal demand – particularly, here in America, where even the most die-hard, Keynesian-brainwashed investors will be forced to realize the dollar’s purchasing power is about  to be significantly devalued.  Not that it hasn’t already, of course.  However, in the past, such inflation occurred in a more “frog in a boiling pot” fashion, as markets were manipulated to deflect attention from the Fed’s dollar-destroying policies, whilst the “strong dollar policy” and other anti-gold propaganda was relentlessly spewed by the cast of Atlas Shrugged cartoon characters running the government, Central banks, and major financial institutions to keep investors away from the “barbarous relic” that is gold.

    Well, care of the “loose cannon” himself, the gold Cartel – and the entire world political, financial, and monetary order – has been “put on notice” that the U.S. no longer intends to even pretend it has a “strong dollar policy”; and to the contrary, may well devolve into the same, overt currency depreciation policies made famous by the Japanese; Europeans; Chinese; and heck, every Central bank.  This, at a time when the global “war on cash” is exploding; and the inexorable Bitcoin emergence is making a clear statement that the world’s populace no longer believes “money” is what it once was.  In other words, as I wrote last week, the death throes of “money” are becoming eminently visible – making it more and more likely that the inevitable “run” from worthless fiat; and into “priceless” Precious Metals”; is rapidly approaching – like a runaway train, careening down an icy hill with no breaks.

    read more.
9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

end

January 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Establishment Wants To Remain In Power & They Will Do Anything To Keep It: David Robertson

January 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Charles Nenner 2017 Prediction: Global War Cycle Coming into Danger Zone

  • Charles Nenner 2017 Prediction: Global War Cycle Coming into Danger Zone
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Renowned financial and geopolitical analyst Charles Nenner correctly predicted there would be no market crash in 2016. 2017 is going to be a very different story.  Nenner explains, “There are going to be some serious corrections and some bounces.  I don’t thing we are going anywhere until the fall of 2017 when the whole bottom is going to fall out.  If you are a very good stock picker, you’ll be okay, but I am talking about the indices (overall financial markets).  It continues to be dangerous, and most of the good news is already in this rally.  The hope that Trump will do the right thing is still there, but it will take too long.  People will realize it is not going to happen tomorrow, and they will get disappointed.  So, I am still not very much into the stock market.  I don’t think there is much to gain over there.  I have been saying that for the next couple of years, try not to lose your money.  That’s the major thing you should be doing.”


    On the election of Donald Trump, Nenner says, “More than half of Americans supported Trump, but everybody is afraid to say so. I always thought Trump would change the whole thing.   I think things will also change in the Middle East.  I do think he much better understands Putin than Obama and the Democrats.  I think he will be tough, and his toughness may lead to a better situation with world peace, although the cycles are against him.  I actually feel sorry for him because if this market crashes, then maybe he can say, like Obama, it was Bush who did it.  He might be able to say it’s only been one year as President, and it’s Obama’s fault.  Maybe that’s how he can get out of it.  I think it was Obama that said for eight years it was Bush’s fault.”

    On his big prediction of a coming war cycle, Nenner says, “I have always said I feel sorry for whoever is going to President now because we have negative cycles, and things usually don’t work out very well. I think the United States will be much better off with a different wind blowing in Congress and in the White House.”

    The most disturbing thing Nenner sees coming is a major world war on the scale of WWI and WWII. Nenner explains, “In my research of financial markets, we also did research on war cycles.  It’s about to flare up everywhere.  If the stock market is close to a top, some stocks are just tanking and others still hold up.  What you see here right now is some countries are just tanking, and the rest are still holding up, meaning we are forming a top.  This means the cycle is coming into the danger zone.  I still see a big problem with China and Japan.  We also have problems with Chinese islands (in the South China Sea).  If this continues, it’s going to come from there.  If you go back a hundred years ago, a big war started (WWI).  A hundred years before that it was Napoleon.  Big wars always start in the second decade of a new era. . . . I still see there are problems with war everywhere . . . . Everything is on the edge, and it can ignite at any minute.  If terrorists could, they would use much larger weapons, and if they do, everybody is going to have to wake up.  Then you will have a major war on your hands.”

    In closing, Nenner says, “I think it is a good idea to own some physical gold and silver.”

end

January 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Ushering In a Totalitarian Police State in Cashless “Smart Cities”

world_war_on_cash

  • Ushering In a Totalitarian Police State in Cashless “Smart Cities”
    by From Scandinavia to Amsterdam to India and elsewhere, the trend of going “cashless” is gaining traction.

    We have been covering the shortcomings of what is rightly called the War On Cash here at TDV for a while now and have shown just how negative the effects can be on an unsuspecting nation’s people.

    Chandigarh, India, which is the capital of the northern Indian states of Punjab and Haryana, is like one of India’s labrats. Indian officials are working hard toward making it into India’s first cashless city. This initiative is part of the Prime Minister of India’s call for state governments to begin developing what he’s calling “smart” cities. That means cities attached to the latest internet technology. However there is nothing intelligent about his plan.

    One of the major changes being made to work toward that objective was the insistence of having all bills paid electronically at government offices within the city.

    Similarly, in Panjim, the capital of Goa, India, the local government is attempting to incentivize the locals into paying digitally by offering them discounts on train tickets and other public transportation services if they pay electronically.

    This is an extension of the ongoing cash battle which has been going on in India since November when Modi announced he was going to replace the 500 and 1000 rupee banknotes. However the government has not started replacements, only ensured the removal.

    What followed the eradication of India’s largest denomination notes was a constricted Indian economy, particularly among the middle and lower classes who rely predominantly on cash transactions to conduct daily business.
http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

Click on image for article.

http://www.infowars.com/financial-times-calls-for-abolishing-cash/

Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

http://news.xinhuanet.com/english/2016-01/20/c_135029001.htm

Click on image for article.

end

January 16, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , | Leave a comment

Bix Weir: We Will See ASTRONOMICAL NUMBERS for Precious Metals. Pedophilia & The Satanic Ruling Elites

  • Published on Jan 13, 2017
    Bix Weir joins me to kick off 2017 and breakdown current events including Trump, Bitcoin and the coming collapse. As for Silver and Gold Bix says, “The numbers that gold and silver will hit when it’s out from behind the manipulation are astronomical.”

end

January 14, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!

  • Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!
    by Greg Hunter’s USAWatchdog.com
    Rick Rule is an expert on investing in all sorts of natural resources, and that includes gold and silver. He thinks it won’t take a “catastrophic event” to move prices higher in precious metals.  Rule explains, “You remember the decade of the 1970’s?  The shocks to the financial system were severe but survivable.  The gold price went from $35 per ounce to $850 per ounce.. . . As you can see, I am not a young guy.  I was a finance major, and the way I learned accounting, it’s not like the banks are going to go broke, the banks are broke. . . . It isn’t a question of ongoing bank solvency.  It’s a question of real bank solvency and how long people will believe in the system. . . . If the major players had to face a liquidity squeeze, even the level of magnitude they faced in 2008, I suspect the fiscal tools available are constrained enough now that they would be unsuccessful in containing a broad liquidity base contagion.”


    So, we would see bankruptcies and failures, and the Fed would have to let things go. Rule contends, “I don’t think they would have any other choice but to let them go.  My suspicion is we are going to skate through this without a catastrophic situation.  I could be right and I could be wrong, but I think in terms of the gold price, it doesn’t matter.  If the system is tested, tested and not wrecked, it will be extraordinary for the gold price.  What people fail to recognize is the simple arithmetic that you and I owe each other, and other countries, $20 trillion.  That’s $20 trillion in liabilities.  That’s 20 with twelve zeros.  People don’t focus on it because it’s almost an incomprehensible number.  Beyond that, we owe each other in the context of promises in excess of $100 trillion.  That number doesn’t come from a cranky old guy at Sprott.  It comes from the Congressional Budget Office.  How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions?  My suspicion is we get out of this in one of two kinds of defaults.  A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied.  We say to holders of U.S. debt where we gave a full faith and credit promise that we lied.  Those are official defaults.  That requires telling the truth, and I think that is unlikely.  I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s.  I think that will have the same impact on gold and silver prices.”

    On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.”

end

January 12, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Three “Cartel” FX Traders Criminally Charged With Currency Rigging

FedRes_banksters_looting_cartoon_Amateurs

  • Three “Cartel” FX Traders Criminally Charged With Currency Rigging
    by Tyler Durden, http://www.zerohedge.com
    Moments ago, U.S. prosecutors charged three traders who made up the infamous “Cartel” currency rigging chat room, and who were at the heart of a criminal investigation that has ensnared the world’s biggest banks over the rigging of currency rates. Richard Usher, formerly head of G10 spot trading at JPMorgan, Rohan Ramchandani, formerly of Citigroup and Chris Ashton, formerly of Barclays, were indicted Tuesday for conspiring to fix prices. They’re all outside the U.S. and will have to be extradited unless they surrender voluntarily.

    As first reported back in 2013 when the FX rigging scandal broke out, the three used an online chatroom they dubbed ‘The Cartel’ to coordinate the rigging of foreign-exchange benchmarks by sharing confidential customer information, according to the U.S. charge. Another member, Matt Gardiner, formerly of UBS Group AG, has been helping prosecutors build cases against the traders, Bloomberg reported earlier.

    read more.

Illuminist_banksters_creating_money_out_of_nothing_lending_n_charging_interest

end

January 11, 2017 Posted by | Economics | , , , , | Leave a comment

The Elite’s Next Phase Is Coming In A Few Days To Stop The Inauguration

  • Published on Jan 10, 2017
    Initially it was thought that Trump agreed with Rand Paul to have a replacement for Obamacare before voting on it, now Trump says no, get rid of it. Obama puts his presidential records off limits for 12 years. Sessions says he will recuse himself in regards to Clinton emails. CIA director confirmation delayed a day. Russia hacking report shows absolutely nothing. US Government says presenting the real evidence in the Russian hacking would be responsible. Thousands of assets and US troops arrive in Germany. YouGov takes poll and many people in different countries are worried about war breaking out. Libya warns that if oil smuggling continues there could be a blackout in the country. US officials say that the US might not be able to stop a missile coming in from NK. Turkey might shut base off to US. Protests are being prepared for inauguration day, there could be agent provocateurs put into place by the elite to start riots to disrupt the inauguration.

end

January 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

How Wall Street Bankers Committed Massive Fraud in Puerto Rico and Stayed Out of Jail

  • Published on Jan 8, 2017
    Mike Papantonio exposes Santander Bank for defrauding investors in Puerto Rico through a massive municipal bond scheme and speaks with attorney, Peter Mougey, about how Santander was able to pull off this scam and why no one was sent to prison as a result.

end

January 9, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , | Leave a comment

Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy

  • Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy
    by Greg Hunter’s USAWatchdog.com(Early Sunday Release 1.9.17)
    Financial writer Bill Holter says 2017 will be “the year of the Truth Bomb.” Holter explains, “I have been talking about ‘Truth Bombs’ for about a year and a half. I think what is going to happen in 2017 is that this hologram we’ve been living in, the curtain is going to be pulled back. . . . I want to see the truth come out, and that’s why we do what we do.”

    One of the big truths that will explode is about the economy, and this will be one of Trump’s biggest problems. Holter goes on to say, “Trump is a smart guy, and he understands that really what he’s going to be doing is presiding over a bankruptcy. That’s what his main job is going to be, and that’s reorganizing this country.”

    What will the end of 2017 look like? Holter says, “I don’t think it will even resemble what today looks like. I think you may see the financial system come down, and it may be by the end of the year that the system is coming back up or coming back on line. We are going to have a bank holiday. We are going to have to have some sort of reset. The reset will include a bank holiday. Your ATM won’t work. Your credit cards won’t work. Distribution is going to fail. It’s all about credit. Everything financial and everything economic relies on credit. I believe that we are going to have a credit crisis this year where credit becomes very scarce or actually dries up completely. In that scenario, it is not good. You are talking about distribution breaking down and people going hungry, riots, martial law, cross default from country to country to country to country, bank to bank to bank and broker to broker to broker. Everything runs and lives on credit, and without credit, it’s almost like caveman days.”

    read more.

end

January 9, 2017 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Germany’s Vice Chancellor Warns of Europe Breakup

  • Published on Jan 7, 2017
    Germany’s Vice Chancellor has warned about the possible collapse of the European Union due to Berlin’s push for austerity policies in the euro zone. Sigmar Gabriel says Berlin’s insistence on austerity has left Europe more divided than ever and a break-up of the EU is no longer inconceivable. He says strenuous efforts by countries like France and Italy to reduce their fiscal deficits come with political risks which might lead to the rise of the far-right to power. Far-right politicians want their countries to leave the EU. Gabriel believes if that happens, Germany’s next generations will curse the current officials.
http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

end

January 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment