Socio-Economics History Blog

Socio-Economics & History Commentary

IF 2018 WAS LIKE 2008: Does 2019 Spell Trouble?

  • ITM Trading Streamed live on Jan 17, 2019
    Link to the Slides and Sources:…
    Do you know what keeps central bankers up at night? Populism. When governments and central banks support corporate greed above public need, people lose trust in the government and confidence in the central bank and the financial system and a run ensues. Where will they run to? Traditionally, people fly to the safety of real money gold and silver, the only assets that I see as undervalued at this time, and that’s because it competes with fiat money. As JP Morgan said, “Gold is money, Everything else is credit.” That was true in 1912, when he said it and that’s true today.


January 19, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

China Economy Will Suffer Without HUGE WIN In U.S. Trade Deal!

January 19, 2019 Posted by | Economics | , , , , | Leave a comment

France & Germany Merger: Will the New Treaty of Aachen Make the EU Superstate Dream Come True?

  • France & Germany Merger: Will the New Treaty of Aachen Make the EU Superstate Dream Come True?
    The great 20th Century political philosopher, Marvin Gaye, once said “To make a dream come true; It just takes two”. Will Merkel and Marcon’s forthcoming Treaty of Aachen be a dream come true for those who would see a single European super-state? With the German Federal Government acknowledging that the Treaty includes the “design of the European Defence Union”, and signs of much more besides, we focus on the 22 January signing of the new Aachen Treaty.

    Firstly, symbolism matters. In the EU, with its parliament modelled on the Tower of Babel, it matters a lot. So we start with a brief overview of the time and location selected for this treaty signing.

    As as for the location, it has yet deeper meaning. Aachen was the city where no fewer than thirty one Holy Roman Emperorswere crowned. Called by its French name, Aix-la-Chapelle, it was the capital of Charlemagne, who is often called the “Father of Europe”. It was also the place where he died in the year 814.

    Furthermore, it has been the place of signing for key international treaties before. The Treaty of Aix-la-Chapelle was a multi-national agreement involving principally Great Britain and France. It was signed in 1748 and brought an end to the War of the Austrian Succession. It settled none of the deeper issues and did not bring lasting peace.

    More positive and perhaps more relevant is the “Aachen Compromise” of  1818, which regulated Great Power politics in Europe for the following 32 years, up until the Crimean War ended the peace. A notable feature of the latter was the presence of secret protocols. Is this historical practice is about to be revived, perhaps?.

    In summary, the leaders of the two key nations in continental Europe are meeting on a date symbolic of the post-war EU enterprise and at a location symbolic of past European Empire creation. This is significant. It could herald a sudden acceleration in the integration of the continent of Europe. With that in mind we next turn to the statements made concerning the content of the present day Aachen treaty.

    So we are all clear – this treaty will accelerate the Planning of the EU Military Union. It has been formally confirmed by the German Federal Government and nobody can say we did not know. Intriguingly, they also reveal the end of national borders as functionally significant administrative boundaries:

    Forward-looking solutions for integration in Europe:
    To improve the everyday life of citizens in border regions, concrete and practical solutions are to be made available. Local actors will be given the opportunity to establish cross-border projects such as nurseries, education facilities, emergency and health services, and industrial estates.

    And what has the excellent work of David Ellis told us about EU Military Unification? It starts with industrial capacity and equipment procurement. Defense News has revealed that weapons, for export at least, form part of the agreement:

    COLOGNE, Germany — The German Cabinet has approved a new, high-level pact with France that calls for a common approach to weapons exports in all joint programs.

    The objective is included in the so-called Aachener Vertrag, slated to be signed by French President Emmanuel Macron and German Chancellor Angela Merkel in the German city of Aachen on Jan. 22.

    The intension is that both the French and German Parliaments will ratify the treaty the same day that it is signed. In the coronation hall, in the City of Charlemagne, in just six days’ time— Europe will change.

    read more.

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January 18, 2019 Posted by | Economics, EndTimes, GeoPolitics | , , , , | Leave a comment

Brokerage Accounts Bail In, Cashless, Gold Backed Yuan — Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Jan 15, 2019
    Link to the Slides and Sources:…
    Question 1. Gregory R: Will the bail-in rules apply to brokerage firms like Charles Schwab and Ameritrade?
    Question 2. Marc A: Do you think China will introduce a gold backed yuan? And what will that mean for the price of gold, the dollar and capital flows?
    Question 3. Frank B: In regard to going cashless, would gold/silver still be liquid in such a situation? Or would it be easier to “outlaw” gold and silver?
    Question 4. Sandra G: If someone tells you they are out of the markets because they have sold all their stocks and bonds and have put all their cash into T-Bills in a brokerage account – what do you say to them?
    Question 5. Dennis J: what do the world central banks purchase their gold with? Currency? Seems like a conflict of interest if they have control of their currency supply. Also does anyone even know how much currency is actually in circulation because most currency is digital.


January 18, 2019 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Global Economy Flashes Red As China Shipping Rates Collapse

  • Global Economy Flashes Red As China Shipping Rates Collapse
    by Tyler Durden,
    dramatic and sudden slowdown in the rate at which numerous commodities are being shipped to China suggests slowing demand for raw materials in the world’s second-largest economy, and signals a wider economic slowdown globally looms.

    “Recent shipping data has turned negative with charter rates across all sectors notably weaker compared to late November levels,” Morgan Stanley analysts Fotis Giannakoulis, Qianlei Fan, and Max Yaras wrote.

    “While such moves are common, the synchronized decline may be a warning for Chinese commodity demand.”

    Morgan Stanley continues:

    During the last six weeks almost all shipping sectors have seen charter rates move lower, raising concerns about the health of underlying demand.

    * The Baltic Dry Index is down 17% since mid-December (Exhibit 6) with all vessel types earning lower rates compared to a year ago 
    despite the sharp drop in dry bulk supply growth.

    read more.


January 18, 2019 Posted by | Economics | , , | Leave a comment

China Central Bank Just Injected RECORD Amount of Money Into Markets To Prevent COLLAPSE!

January 17, 2019 Posted by | Economics | , | Leave a comment

‘Consider the Danger’: US Ambassador Threatens to Sanction German Nord Stream 2 Companies

  • RT Published on Jan 14, 2019
    A US ambassador has reportedly threatened to punish German contributors involved in the multinational Nord Stream 2 pipeline project, and has tried to fan the ‘Russia scare’ to make his point. READ MORE:

Nordstream 1 in black, Nordstream 2 in red


January 16, 2019 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

“Financial Nuclear Warheads”: The Yellow Vests Get It Right

  • For argument sake, let’s say 200,000 yellow vest protesters decide to withdraw $10,000 each out of their bank accounts. It amounts to $2Billion. This is not enough to collapse the banking system. The only way is to cause a real panic and cause millions of sheeple to do a bank run. Since, the Yellow Vests do not control the MSM, it is very difficult for them to ignite a massive bank run. If one actually occurs, I will be highly suspicious ie. it is enabled by Illuminist forces, intelligence agencies… possibly to introduce the CASHLESS system, totally electronic system where no one can withdraw their monies from the banking system.
  • “Financial Nuclear Warheads”: The Yellow Vests Get It Right
    by Robert Gore via Straight Line Logic blog
    The mainstream media has degenerated irreparably. Here’s a reliable rule of thumb: if it’s important it’s not covered; if it’s covered it’s not important. Stories in the American mainstream press about Yellow Vest protests have been few. One aspect of the protests, transcendently important, has received scant coverage.

    The Yellow Vest protestors have called for a coordinated run on French banks. Whether they realize it or not, they’re playing with nuclear warheads that could annihilate not just the French, but Europe’s and the entire world’s financial system. Because inextricably linked to the ends of contemporary governments―how much they can screw up the lives of those who must live under them—is the question of means―how do they fund their misrule? The short answer is taxes and debt.

    Since 1971, when President Nixon 
“temporarily” suspended international convertibility of dollars for gold (it’s never been reinstated), the monetary basis of the global economy has been fiat debt. Neither government or central bank debt nor currencies are tethered to any real constraint, like precious metals (see “Real Money,” SLL). Thus, politicians and monetary officials can create as much debt as they want: debt by fiat.

    Government and central bank debt is at the apex of the global debt pyramid. 
    The next tier is commercial banks that have accounts at central banks. Those accounts are bank assets and central bank liabilities, or debts. Central banks expand their fiat liabilities to banks in exchange for banks’ fiat government debt, an exchange called debt monetization, which is a bit of a misnomer since no “Real Money” is involved. The “monetization” is the central bank’s fiat expansion of banks’ accounts with the central bank in exchange for fiat government debt, which expands banks’ assets available for loans to governments, businesses, and individuals.

    read more.


January 16, 2019 Posted by | Economics | , , , , , , , | Leave a comment

Response to US Global Bullying: Iran, India Ditch Dollar to Continue Trading Oil Despite Sanctions

  • Response to US Global Bullying: Iran, India Ditch Dollar to Continue Trading Oil Despite Sanctions
    by Darius Shahtahmasebi,
    In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region.

    In mid-February last year, Iranian President Hassan Rouhani visited India, and the two countries signed nine agreements signalling a strengthening of ties. Indian Prime Minister Narendra Modi appeared to celebrate the growing relationship, stating that it was “a matter of great pleasure” for India that an Iranian president came to India “after a gap of 10 years.”

    Fast-forward a few months later, and then-UN ambassador Nikki Haley was bluntly telling India that they should rethink their relationship with Tehran.

    Donald Trump’s decision to rip up the Joint Comprehensive Plan of Action (JCPOA) last year, also known as the Iranian nuclear accord, was a particularly significant blow to Iran-India relations. At the time the JCPOA was formulated, Indian officials believed the deal to be the “best deal available.” After the JCPOA’s implementation in 2016, exports of Iranian oil to India increased by more than 110 percent.

    Maybe the issue isn’t always that Washington wants to contain its rivals in the Middle East and Asia, but perhaps there is a chance that it also wants to keep a lid on its so-called allies as well. Right now, India is the third largest oil consumer in the world, and is expected to become the largest by the year 2040. As its domestic reserves are not meeting the needs of its rapidly expanding economy, India has been importing 80 percent of its oil supply from overseas, including and especially Iran.

    read more.


January 16, 2019 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

The RESET Is Here: Expect Massive Financial Confusion?

January 16, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

The BIS: The Secret and Sinister Bank Running the World

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Click on image for pdf E-book.

January 16, 2019 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Jim Willie: Top Ten Trends Lead to Gold

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

  • Jim Willie: Top Ten Trends Lead to Gold
    by Jim Willie,,
    The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hyper-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Trade Center fallout. They offered resistance to the US-led bully tactics, in slapping sanctions even on the US allies, a forecast by the Jackass two years ago. The globalist cabal agenda has been dealt a powerful damaging blow, perhaps lethal, during a year of great exposure for their criminality. The transitions offered a complete shift away from the perception of USMilitary full spectrum dominance. But the most important changes have come in the finance & economic sectors. The Gold Standard has seen a paved road for its implementation, arrival, and acceptance. The road can be identified for its several major constructed arteries. The pathways are built by the Eastern nations, which will continue to champion the financial reform, and thus wrest global control from New York and London. History is being made. It will still take time, but the momentum is gathering in a notable and convincing manner. The common theme of all the leading factors is the movement away from the USDollar, a theme so popular and widespread that it has been given a name, de-Dollarization. In the next year, even the compromised corrupted Wall Street bank community will openly discuss that Gold must be the solution to the unresolved crisis.


    read more.


January 15, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Gold & Silver vs The $250 Trillion Sea of Debt — Rich Munson

  • SGTreport Published on Jan 13, 2019
    When priced in many currencies around the globe, the gold price is already at all time highs, just not when priced in the US Dollar. But with the US national debt ready to pass the $22 TRILLION mark and with the global derivatives Ponzi ready to implode, will 2019 be the year for gold and silver – and for those who mine the stuff? Rich Munson the CEO of Sandspring Resources LTD joins me to discuss it and his company’s 10 million ounce gold project.


January 15, 2019 Posted by | Economics | , , , , , , , | Leave a comment

They Are Dumping The Dollar

January 15, 2019 Posted by | Economics | , , , , | Leave a comment

Are France And Germany About To Form An EU Superstate?

German Chancellor Angela Merkel (L) and newly elected French President Emmanuel Macron (R) pose for the photographers during a joint press conference at the German Chancellery in Berlin, Germany, 15 May 2017. The French President makes his inaugural foreign visit to Germany. EPA/CLEMENS BILAN

  • Are France And Germany About To Form An EU Superstate?
    by Andrew Moran,
    Inching ever closer towards an EUSSR.
    As the fire rages on, the citizenry floods the streets, and political turmoil reigns supreme in Europe, French President Emmanuel Macron and German Chancellor Angela Merkel are telling everyone to please disperse because everything is fine and there’s nothing to see here.

    Thanks to 2016’s historic Brexit vote, the European Union mandate is being threatened. Despite the denials emanating from left-leaning news outlets, other nations are interested in their own emancipation from Brussels, whether it is the growing Frexit movement or the Grexit push. It’s only a matter of time before this failed experiment enters the dustbins of history and will be remembered as fondly as the Ice Capades or Nickelback.

    To stave off the eurozone’s inevitable demise, the bloc’s two biggest markets are in the beginning phases of forming a superstate, and it could present the next step toward global government. France and Germany will sign a so-called twinning pact at the end of January, an unprecedented policy maneuver that could serve as a blueprint for the future of the E.U.

    Under this new agreement, the two nations will share defense, economic, and foreign policies and unite in a diplomatic front. Ministers from both governments will be permitted to sit in each other’s cabinet meetings, policies will be presented with the goal of moving towards economic convergence, and security forces will cooperate closely in tackling organized crime and terrorism. For now, the primary objective is to get Germany accepted as a permanent member of the United Nation’s Security Council.

    Perhaps the most terrifying prospect of them all is the promotion of Eurodistricts. This will consist of the Franco-German partnership merging public transportation, water, and electricity networks. Berlin and Paris believe they can incentivize cross-border support by offering subsidies for shared hospitals, environmental projects, and joint business ventures.

    read more.

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January 15, 2019 Posted by | Economics, EndTimes, GeoPolitics | , , , , , | Leave a comment