Socio-Economics History Blog

Socio-Economics & History Commentary

A Furious China Responds To Latest Sanctions: Demands “U.S. Immediately Correct Its Mistake” Or Suffer Retaliation

  • A Furious China Responds To Latest Sanctions: Demands “U.S. Immediately Correct Its Mistake” Or Suffer Retaliation
    by Tyler Durden, http://www.zerohedge.com
    Less than 4 hours ago, the US Treasury announced that in the the latest set of actions targeting North Korea’s “WMD program”, among the entities sanctioned would be several Chinese and Russian companies and individuals. We said that “what this latest round of sanctions will achieve, is to further anger Beijing and the local population.” Well, we didn’t even have to wait all day for China to respond on the next morning as it traditionally does, and according to Reuters citing an embassy spokesman, Beijing was so furious with the US “provocation” it scrapped its own protocol of waiting during a “cooldown” period, and instead ripped right back, “urging” the U.S. to “immediately correct its mistake”‘ of sanctioning Chinese firms over North Korea, to avoid impact on bilateral cooperation.

    Since the US will not “correct its mistake”, either “immediately” or at any time, China will have no choice but to escalate, in the process making any credible diplomacy involving North Korea impossible, forcing” America’s hand when it comes to North Korea, now that the diplomatic option is out of the picture.

    read more.

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August 23, 2017 Posted by | Economics, GeoPolitics | , , , | Leave a comment

US Fires First Salvo of Upcoming Trade War with China

  • US Fires First Salvo of Upcoming Trade War with China
    by PETER KORZUN, https://www.strategic-culture.org/
    While the North Korean nuclear program and its missile tests capture the world public attention, another war is about to spark. On August 14, US President Trump launched the first salvo by authorizing an inquiry into Beijing’s alleged theft of intellectual property under Section 301 of the Trade Act of 1974. This is the first direct trade measure by the administration against China.

    Washington believes that American companies operating in the Celestial Empire are pressured into sharing intellectual property if they want to have access to China’s economy. American businesses are often forced to create joint ventures with Chinese partners, turning over valuable technology assets. «We will stand up to any country that unlawfully forces American companies to transfer their valuable technology as a condition of market access. We will combat the counterfeiting and piracy that destroys American jobs», Trump said.

    During his election campaign, President Donald Trump threatened to impose 35% to 45% tariffs on Chinese imports to force China into renegotiating its trade balance with the United States. US Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on intellectual property, which the White House and US industry lobby groups say are harming US businesses and jobs. Trump administration officials have estimated that theft of intellectual property by China could be as high as $600 billion.

    The bilateral US trade deficit with China approached US$350 billion in 2016, and Trump has repeatedly blamed Chinese imports for gutting employment in US sectors such as steel. «We will engage in a thorough investigation and, if needed, take action to preserve the future of US industry», Lighthizer said.

    read more.

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August 23, 2017 Posted by | Economics, GeoPolitics | , , , | Leave a comment

Sanctions Are Almost Always a Prelude to War

  • Sanctions Are Almost Always a Prelude to War
    by Darius Shahtahmasebi, http://russia-insider.com/en
    Last Wednesday, U.S. President Donald Trump signed new sanctions into law against Russia, Iran, and North Korea. The legislation was supported so overwhelmingly in Congress that President Trump’s ability to veto the legislation was rendered completely ineffective.

    Even anti-interventionist Hawaii Rep. Tulsi Gabbard voted in favor of the bill, once again proving that Republicans and Democrats always find common ground when it comes to beating the drums of war against sovereign nations who have taken very little unwarranted hostile action — if any — towards the United States.

    But these are just sanctions, not acts of war, right? There’s nothing wrong with economically bullying other countries into submission over non-compliance with the current global order, right?

    Not quite.
    Sanctions are always a prelude to war. Though few are aware, the Japanese attack on Pearl Harbor in 1941 was arguably in response to America’s attempt to cripple Japan’s booming economy through embargos and asset freezes, ending Japan’s commercial relationship with the United States and provoking the desperation that led to their attack.

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August 22, 2017 Posted by | Economics, GeoPolitics | , , | Leave a comment

Alert: Dollar & Markets at Risk to Plummet – John Williams

  • Alert: Dollar & Markets at Risk to Plummet – John Williams
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Economist John Williams is putting out a rare “Alert” on his popular ShadowStats.com newsletter. What does Williams see that scares him?  Williams explains, “There are several factors.  Number one, I think we are at risk of an extreme market reaction just tied to the economy slowing down unexpectedly against headline expectations.  That is going to mess up the Fed’s planning for raising rates and liquidating their balance sheet.  That is going to force them back to quantitative easing (money printing).  That, in turn, will savage the dollar.   As the dollar plummets, so will U.S. stock prices.  They are heavily supported by the influx of capital from abroad. . . . Given the underlying fundamentals in the markets and in the economy, I think all the components are in place for one of the great financial panics of all time.”

    Williams says this is why gold is poised to go up. Williams says, “Gold is the ultimate hedge against all the craziness in the world and very bad financial markets, dangerous currency markets and bad inflation.  Physical gold is the ultimate hedge because it retains its value over time. . . . I have been looking for it to go higher, and it is going to go a lot higher as the circumstances deteriorate.”

    At some point, Williams says, “You are going to see a plunge in the dollar. . . . All of a sudden, they are going to stop raising rates . . . and as the economy deteriorates and puts more financial stress on the banking system, they’ve got to go back to quantitative easing. They can’t let the banking system fail.  They have propped up the dollar, but you are going to see a plunge in the dollar.  The fed does not have to actually move to quantitative easing for the dollar to tank, you just have to have the markets shift in sentiment to that effect, and you will see the dollar tank.”

    read more.

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August 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Gold Will Trade Like Bitcoin | Edward Karr

  • Published on Aug 20, 2017
    President and CEO of US Gold Corp Edward Karr says the trading action in the cryptocurrency market foreshadows what’s coming for gold and silver…

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August 21, 2017 Posted by | Economics | , , | Leave a comment

Major Sanctions Escalation? Informed Sources Say Russian Bank Disconnected From SWIFT

http://en.ria.ru/business/20140918/193052405/European-Parliament-Calls-For-Excluding-Russia-From-SWIFT-System.html

Click on image for article.

  • Although, Russia and China have already implemented their SWIFT alternatives, it is not known how many countries are on their platforms. Kicking Russia out of SWIFT is an act of war.
  • Major Sanctions Escalation? Informed Sources Say Russian Bank Disconnected From SWIFT
    by Paul Goncharoff, http://russia-insider.com/en
    Rumors are swirling in Moscow that a Russian bank has been removed from SWIFT

    What is the foreign policy game plan ranged against Russia? It looks like the first serious baby-steps to an existential sanctioned escalation may have just been quietly taken. It may very well be that the first Russian bank was disconnected from SWIFT. While I have not heard any confirmation, the word on the Moscow financial grapevine persists.

    The Russian “Tempbank” (http://www.tempbank.ru/eng/) whose management has been individually sanctioned by the US for ongoing trade with Syria and Iran was disconnected from SWIFT according to apparently “informed sources”. It seems after the sanctions were removed from Iran a while ago Tempbank went ahead and legally opened correspondent accounts with the Iranian Central Bank and a number of large banks of that country. It has further been rumored that the Tempbank chairperson, Mr. Mikhail Gagloyev received a letter from the “human rights” organization “Associations against the Nuclear Program of Iran” (UANI). This is an interesting organization in its own right. In the letter, UANI warned the Russian bank against cooperating with Iranian or Syrian companies. Meanwhile, the talk in the financial street was that the management of Tempbank was targeted for personal sanctions because of their cooperation with Iranian and Syrian businesses. If these reports are correct, then it follows that with the right amount of influence from the right sources, any Russian bank can be disconnected from SWIFT without much legal recourse or chitchat. This does not look to be a de-escalation of tensions. Then what other domino’s might follow, and to whose real advantage?

    read more.
http://www.bloomberg.com/news/2014-08-29/u-k-wants-eu-to-block-russia-from-swift-banking-network.html

Click on image for article.

http://rt.com/business/211291-swift-banking-russia-vtb/

Monetary and financial WW3 has already started ! Click on image for article.

http://sputniknews.com/business/20150213/1018240631.html

Click on image for article.

https://www.rt.com/business/382017-russia-swift-central-bank/

Click on image for article.

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August 21, 2017 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Financial Problems Always Lead To Social Unrest! | John Rubino

August 19, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

We Are Witnessing the Failure of Fiat vs Crypto-Currencies | Rob Kirby

  • Published on Aug 17, 2017
    Gold bugs have been anticipating a reset and collapse of the fiat monetary system, but the expected ”flight to safety” response into the physical precious metals has been thwarted SO FAR. But fiat currency is already hyper-inflating against the leading crypto-currencies. The next moves in the geo-political escalations are the desperate endgame of the fiat system in full-on failure. Kirby delivers a pull-no-punches and sobering expose of what may come next, as he brings into sharp focus what each of us must do to take action now, reduce risk, and prepare for the fallout (literally and figuratively!)

    How are ultra-rich elite globalists prepping? If we follow the money, what lessons can a preparedness minded person learn from the powers that be? – Real estate in what regions? (what are the safest places closer to home?) – What real money assets? – What forms of protection? – What role does planning play in your survival?

    What are the signs of the times that point to extreme risk in economic & political events today? Who wields the real levers of power, and are thwarting any reforms for the common good?

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

EXPOSED: The Elite’s Plan to Freeze the Financial System

  • EXPOSED: The Elite’s Plan to Freeze the Financial System
    by , https://dailyreckoning.com/
    Today’s complacent markets are faced with a number of potentially destabilizing shocks. Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.

    You’ll see what I mean in a moment. But first, what are the catalysts that possibly trigger the next financial crisis?

    First off, a debt ceiling crisis is just over a month away. If the ceiling isn’t raised by Sept. 29, the federal government is likely to default on at least some of its bills. If a deal isn’t reached, it could rock markets and possibly trigger a major recession.

    Given Washington’s current political paralysis and intense partisan infighting surrounding President Trump, it’s far from certain that a deal will be reached.

    Second, despite some official comments over the weekend downplaying the odds of a war with North Korea, a shooting war remains a very real possibility.

    North Korea’s Kim is determined to acquire nuclear weapons that can threaten the lower 48 U.S. states, and Trump is equally determined to prevent that from happening.

    Third, a trade war between the U.S. and China seems imminent. Trump has backed off his campaign pledges to label China a currency manipulator and an unequal trading partner. And today, Trump is expected to present his case for sanctions against China. China would likely retaliate, and that could ultimately result in a 10–20% “maxi-devaluation” of the yuan, perhaps by early next year.

    That would likely cause a stock market rout. Since China devalued in August 2015, markets fell hundreds of points in single sessions. And that was a much smaller devaluation, less than 2%. And if markets collapse from either of these scenarios — which is entirely possible — governments will move dramatically to contain the damage.

    read more.

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August 18, 2017 Posted by | Economics | , , , , , , , | Leave a comment

The Mineral War Exposed: How China, North Korea And The US Are Setting The Stage For WW3

  • Published on Aug 16, 2017
    Earth minerals are the digital cotton fields of the 21st century and some of the most powerful nations in the world are now in a race to obtain the global supply. In this video Dan Dicks of Press For Truth explains how a war with North Korea will be presented as a humanitarian mission but behind the deep state agenda is a plan for the US to out do China as the worlds leading miners of precious earth minerals.

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

Rick Wiles Issues An Extremely Ominous Warning: “The Alarms Are Ringing Again”

https://api.spreaker.com/download/episode/12556440/trunews_08_11_17.mp3

Click on image to play MP3 file.

  • Rick Wiles Issues An Extremely Ominous Warning: “The Alarms Are Ringing Again”
    by Michael Snyder, http://theeconomiccollapseblog.com/
    What you are about to read is going to absolutely shock you.  Rick Wiles has done outstanding work over at TruNews for well over a decade, and now just days before the August 21st solar eclipsehe has issued his most ominous warning ever.  His warning is not directly related to the eclipse, but I find it extremely interesting that it is coming at approximately the same time, because many consider the eclipse itself to be some sort of warning.  I was a TruNews listener way before I ever started The Economic Collapse Blog, and I know Rick’s track record.  So I would take what follows very, very seriously.

    In 1998, a very unusual series of events resulted in Rick meeting a wonderful Christian lady named Leah Mandell at a conference.  Three years later, Leah made a very strange phone call to Rick on August 11th, 2001, which was precisely one month before the 9/11 attacks.  When Rick answered his phone, Leah began telling him that “the alarms are ringing”

    She said, “Rick, something very odd is happening today. Alarm bells, everywhere I go today there are alarms ringing, car alarms, burglar alarms, fire alarms, even oven alarms, every place I go, I hear alarms ringing. What’s really strange is people are having trouble turning the alarms off. I go into stores, the alarm is ringing. I go into an office, the alarm is ringing. And they can’t get the things to turn off. The Lord told me, ‘Call Rick Wiles and tell him, “The alarms are ringing, and this time, they will not be turned off.”’”

    The moment she said that, Rick’s seatbelt alarm started ringing even though his seatbelt was fastened.

    One month later was September 11, 2001.

    Exactly 16 years later, on August 11th, 2017, Leah called Rick again.  She called to tell him that “the alarms are ringing” again and that she was seeing dead birds fall out of the sky everywhere

    Three days ago on August 11 2017, Rick was driving to his church when suddenly a dead bird fell from the sky and smashed into his windshield. The bird did not fly into his path, but fell out of the sky like it was already dead. Then he received a phone call from Leah Mandell saying, “Rick, the alarms are ringing. Everywhere I go today, alarms are ringing. And there’s something else, dead birds. I’m seeing dead birds. It seems like everywhere I go, there’s a dead bird.”

    Then he realized the date was August 11, the same date when Leah had called him sixteen years earlier with a similar warning.

    read more.

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August 18, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

There Is A Major Shift From West To East Occurring As The Dollar Dies: London Paul

August 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300 & Silver $625

  • Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300, Silver $625 Now
    by Greg Hunter’s USAWatchdog.com
    Market analyst Lynette Zang says get ready for a “money standard shift.” A reset in how we buy and sell things is being put into place. Zang contends, “Look at the crypto currency area because they know that’s where they want to go. They have to take us there so they can get rid of cash, and they can control everything directly. . . . Generally speaking, all these new crypto coins that are coming out and are making lots of money and people marry that money because of nominal confusion, what is really happening is they are preparing us . . . for a money standard shift.”


    Zang explains that the U.S. dollar has lost about 96% of its value since inception of the Federal Reserve, and its value is “nearing the bottom. . . . So, there is no place else to go but to digital currency,” says Zang.

    On interest rates, Zang says with all the massive debt out there globally, rates cannot be allowed to rise, and central bankers “need interest rates to be negative.” Zang says, “Interest rates will not go up too much further because that will trigger the derivative market unless they are ready for the shift . . . because all that debt keeps coming due. It’s not like they are paying that debt off, they are just rolling it into additional debt. Rising interest rates will cost everybody more money.”

    If rates go up to around 4%, Zang contends, “That would be a trigger and cause a derivative event that will implode all the markets.”

    Zang says we are headed towards an undemocratic technocratic financial system. Zang explains, “Technocrats don’t care about people, they care about systems. That’s what the most important thing is. The formulas that guide all of those systems is not how a democracy works. . . . Essentially, what they are trying to do is get all wealth held in cyberspace and the title to all wealth held in cyberspace. Then the “Smart Contract” can immediately transfer that title. You can go to the mall and spend the equity in your house.”

    Zang warns that central banks could make a big mistake and lose control quickly. Zang says, “They could lose control because it’s all about confidence. Why do they keep testing all of this confidence? People have been losing a lot of confidence in the governments and central banks. Why do they need a trustless system? They could lose control.”

    Zang says every fiat currency will reset against gold and silver, and if it happened today, she estimates “gold would be more than $9,300 per ounce” and “silver would be more than $625 per ounce.”  Zang says, given all the unpayable debt in the world, those are conservative estimates.
https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

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August 17, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

US President Orders Probe into China Trade Ties

  • Published on Aug 15, 2017
    The US President has signed an executive order to launch a probe into whether China’s actions are harming the intellectual property of American companies. Donald Trump says the move is aimed at fulfilling his campaign promise regarding the country’s trade with China. Trump said Washington will combat QUOTE counterfeiting and piracy that destroy American jobs. He also pledged to safeguard copyrights, patents, trademarks and trade secrets from now on. The American president warned of retaliatory actions to preserve the future of U-S industry. China has already warned Washington about the consequences of a trade war, saying everybody would be affected. On Monday, a Chinese Foreign Ministry Spokesperson said the two countries should work together for the stable and sound development of economic relations.

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August 16, 2017 Posted by | Economics | , , , | Leave a comment

Why We’ve Got To Shut Down The Federal Reserve To End The Boom And Bust Cycle

  • Published on Aug 15, 2017
    Michael Snyder reiterates how important it is to destroy the Federal Reserve in the fight to defeat the Globalist’s cycle of economic slavery.

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

http://www.wnd.com/2008/03/59405/

Click on image for article.

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