Socio-Economics History Blog

Socio-Economics & History Commentary

Central Banks Want To Replace The US Dollar With A Single Global Super-Currency

  • X22Report Published on Dec 8, 2017
    Jobs hit an all time new high with retail stores closing, corporations laying off, this makes sense. The everything bubble is getting ready to pop, countries issuing 100 year bonds. Central bankers pushing to replace the dollar with a global super currency, the central bankers say this will stabilize the world.
http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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!

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December 11, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

The Physical Economy Is Deteriorating At An Accelerated Pace, It Will Not End Well: David Morgan

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

Catherine Austin Fitts: Smart Money Buying Gold and Land. The U.S. Government is a Criminal Enterprise

  • Catherine Austin Fitts: Smart Money Buying Gold and Land. The U.S. Government is a Criminal Enterprise
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Financial expert and investment advisor Catherine Austin Fitts says the U.S. Government runs on massive criminal activity. Fitts explains, “The U.S. economy is deeply dependent on criminal cash flows.  We’re the global leader in money laundering.  If we stopped doing that, the economy would be in for a major, major change. . . . The preference for most Americans is to keep that system going as long as it works for them.  So, it you are a public official, you are between a rock and a hard place.  If you press the red button and stop the illegal cash flows, then all hell breaks loose. . . . The U.S. Government has been run as a criminal enterprise, and I have documented and proved that on multiple occasions.  The swamp that exists in Washington is from sea to shining sea.  It’s not just in Washington.  It’s in every county and every state house in the country.  If we are going to change and clean ourselves of enormous financial dependencies on criminal activities, we are talking about a very big change, and it’s not just in Washington.”


    So, in the big picture, where are we now? Why are so many top people in politics and Hollywood being taken down?  Fitts says, “These people are expensive.  This is a fundamental re-engineering. . . . We are watching purges, but these purges are knocking out the expensive people, people we no longer need from the financial coup d’état period, and you are bringing in a new wave of people or you are just downsizing.  So, we see sex purges in Hollywood and in various forms of media and entertainment. . . . You have various purges going on because the reality is the world needs to move on.  This money needs to be reinvested, and you can’t afford a bunch of egotistical maniacs who were good at stealing money.  You can’t use them to build the future, and you can’t afford them. . . . There is a huge amount of money that is floating around in fixed income and derivative markets, and now you’ve got to bring it down into the hard economy and hard assets.  How do you do that?  You need to switch the caliber of the people for management and reinvestment of the money.  You have to do it in a way that doesn’t kick off hyperinflation.”

    So, what are the rich doing with their money?   Fitts says, “Gold is what it has always been and that is a real store of value.  I am a gold girl.  If you look at the smart money and central banks around the world . . . the smart money is buying gold, and the smart money is buying land.  If you read the land report, that’s the top holders of land in the United States.  Their holdings have doubled since 2008.  I see tremendous amounts of money moving into hard assets.”

    read more.

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

Russia-China Real Gold Standard Means End of US Dollar Dominance

https://www.rt.com/business/412546-china-russia-gold-standard-dollar/

Click on image for article.

December 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Lynette Zang: Global Currency Reset, Revaluation of Gold …. Q&A

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December 9, 2017 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

The Global Reset Has Begun

  • X22Report Published on Dec 7, 2017
    North Korea is bypassing the US sanctions. Russia is reporting that North Korea doesn’t want a war with the US. Erdogan has issued a warning to Trump, he has opened the ring of fire in the middle east. State department issues warning in the middle east. ISIS has been removed form Syria, Russia is now pushing for peace and the cabal is backed into a corner.

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

Why The Globalists Need A War, And Soon

WW3 is near?

  • Why The Globalists Need A War, And Soon
    by Brandon Smith, http://www.alt-market.com/
    It is difficult to gauge and understand geopolitical and economic events without first comprehending the fact that much of what happens in the world is engineered to happen and with a specific encompassing goal in mind. If you subscribe to the theory that all is random “chaos” and outcomes are circumstantial or coincidental, then you will be lost in the dark on most things. If you think a globalist “conspiracy” would require “too much control” or foresight, I would point out that organized conspiracy by people in power is a matter of history, not of theory. If such cabals were prevalent in the past, it is rather foolish to dismiss the reality that they are prevalent today.


    In my articles “The Economic End Game Explained” and “The Economic End Game Continues,” I outline considerable evidence supporting the following conclusion: International financiers and political puppets in Western AND Eastern countries share a deep rooted ideology called “globalism” or the “new world order.” This ideology demands total centralization of economy and government resulting in a single global fiscal authority, a single global monetary system and a one world ruling structure. Obviously, such a pursuit would take extensive time and planning. It is a long term project, with moments of accelerated change.

    The globalists refer to the process of their intended change as the “global economic reset.” A reset of the world’s economic processes is not so far fetched as skeptics like to argue. When an organized group of ideologues maintains control over the currency production and interest rates of most nations on the planet, it would hardly be difficult to manipulate politicians, manipulate legislation or even scientifically conjure financial bubbles and collapses. By extension, it would also be simple to trigger international conflicts if needed.

    But why would war be a necessary ingredient to globalization?
    War is the ultimate distraction, the ultimate divider and, perhaps ironically, the ultimate consolidator. In the past century, war always seems to follow or coincide with economic crisis events that are later exposed as products of the banking elites and their aggressive monetary policies. And, in the aftermath of these wars, supranational institutions are often founded (like the League of Nations, the United Nations, the Bank for International Settlements and the International Monetary Fund) as “solutions” to preventing mass tragedies from ever happening again. War is a social steroid promoting mutation, usually in an unhealthy way.

    In recent years the concept of “world war” has given way to a more insidious trend of constant and sporadic regional wars. In most cases these regional wars have helped to contribute to the steady downfall of the U.S. through accumulating national debts as well as international distrust or hatred. In fact, one might conclude that if we were to look at the macro-picture of the vast array of regional wars being perpetrated by the globalists we would see that all of them combined are amounting to a kind of world war in a different form.

    That said, the globalists will need a new and far larger catalyst for their reset, and soon. Why?  Because a sizable distraction is essential to the next phase of the ongoing collapse. A pervasive scapegoat is needed; one that can be blamed for almost any negative scenario. This draws public attention away from the globalists themselves as the culprits behind fiscal crisis, maybe so much so that it will take decades before the mainstream ever questions what actually happened, if they ever question anything at all.

    The fear generated through an uncertain war also acts as a form of psychological alchemy, transmuting the collective public mindset to accept centralization they never would have accepted otherwise.

    Here is the issue at hand — central banks are seeking a monetary reset more than anything else. A monetary reset demands massive debt, followed by massive stimulus, followed by fiscal tightening, then massive inflation, followed by currency implosion that opens the door to a replacement structure (most likely in the form of blockchain technology and cyrptocurrency). The credit crisis of 2008 conveniently provided at least two of these elements so far, vast debt and stimulus measures. Today, we are beginning to witness the fiscal tightening phase of this process.

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

Click on image for article.

http://americanfreepress.net/?p=9149

Click on image for article.

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.

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!

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December 8, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

China To Test Trade Petro-Yuan Oil Contracts THIS WEEKEND

https://www.bloomberg.com/news/articles/2017-12-06/petro-yuan-delays-show-hurdles-confronting-china-s-currency-push

Click on image for article.

  • China To Test Trade Petro-Yuan Oil Contracts THIS WEEKEND
    by https://www.silverdoctors.com/
    Bloomberg just went full Petro-yuan. There’s just one glaring omission. Here’s the details… One of the main understandings a person gets when they wake up to gold and silver is the inevitable death of the Petro-dollar.

    By now most in the precious metals space should be keen on the fact that China is the up-and-comer in the gold market. From the Shanghai Gold Exchange roll-out last year, and the IMF SDR basket inclusion the year before, China has been rising with it’s role in global finance. If there was a theme to China this year, it would be the highly polarizing rise of the Petro-yuan theme. Today this theme has come front and center in the MSM. Here’s Bloomberg just today:

    China’s moves to set up trading oil in yuan have sparked enthusiasm about what could be a shift in the global financial system: a reduced role for the U.S. dollar. Players like Adam Levinson, founder of hedge fund Graticule Asset Management Asia, call it a “huge story” to come.

    But with policy makers prioritizing market stability over internationalization, plans laid back in 2012 to start oil-futures trading priced in yuan or dollars in Shanghai that year are still pending. The latest from the city’s International Energy Exchange: it’s coming soon, with test trades scheduled this weekend.

    Let’s stop there for a moment. Notice the key words “market stability”. Note to self: The Fed has a mandate for “price stability”. Interesting. Secondly, they will begin test trades this weekend. Interesting. Bloomberg continues:

    As the world’s largest energy consumer and an increasing source of investment capital for oil-producing nations, China has an interest in using its own currency rather than that of a geopolitical competitor. One hurdle for setting up a rival to Brent or West Texas Intermediate: Overseas oil producers and traders would need to swallow China’s capital controls and penchant for occasional market interventions.

    Hmmm: Overseas oil producers and traders will need to swallow ‘capital controls’ and ‘occasional market interventions’? I’m sure oil producing countries would take those headaches and even losses eight days a week rather than having the war machine of the United States bombing their lands into the stone age all the while occupying their lands either before or after the fact.

    read more.

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December 7, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Iran & China Seek to Eliminate US Dollar from Bilateral Trade

  • Iran & China Seek to Eliminate US Dollar from Bilateral Trade
    by https://www.rt.com/
    Tehran and Beijing are determined to find ways to avoid using the US dollar as a settlement currency in trade, according to a report by Iranian economic daily Financial Tribune. The topic of de-dollarization was raised at a meeting between leading Chinese government political adviser Chen Yuan and Iranian central bank officials in Tehran.

    “Rial-yuan’s bilateral monetary agreement can have a significant role in increasing the volume of trade between the two countries and in this regard, we have conducted a series of negotiations with the central bank of the Republic of China’s president,”  said the Central Bank of Iran’s Governor Valiollah Seif.

    Tehran has been pursuing the goal of eliminating the dollar in its trade, and has been trying to sign currency swap agreements with a few target countries. Chen said that Iran and China should develop their banking links and also underlined the unfairness of the existing financial system, dominated by a few developed countries. He added, other nations would do better if the unfair system is eliminated.

    “We could use the experiences of European countries in establishing the euro as a common currency between many countries, which is not exclusively controlled by a single country. But until then, we need to utilize the maximum available capacities to expand our banking relations,”
     he was quoted as saying by the Iranian daily.


    However, any such initiatives require time and effort by several countries, the Chinese official said.

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December 7, 2017 Posted by | Economics | , , , , | Leave a comment

Dual Universe Of The Petro Yuan And Petro Dollar Has Arrived, It’s All About To Change: Jim Willie

December 6, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

BIGGER EUROPE! Junker Uses Brexit Chaos to Push Forward Plan for ‘United States of Europe’

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

  • BIGGER EUROPE! Junker Uses Brexit Chaos to Push Forward Plan for ‘United States of Europe’
    by JOEY MILLAR, https://www.express.co.uk/
    THE EU is under fire for what is being seen as a badly-timed call for a closer-union – especially in terms of finance.

    The European Commission is meeting today where Jean-Claude Juncker’s vision for the future of the  is set to be pushed forward. He wants more financial unity across the bloc, headed by a new finance ministry. And the proposals include a scheme which would transform the eurozone’s bailout powers into a ‘European Monetary Fund’. However the timing of the proposals, with chaos still reigning in  weeks after their federal elections, has been criticised. 

    With Germany still without a leader and government, it is being seen as an attempt to force through a united states of Europe. One European source told Politico.eu: “No one understands really why the Commission is doing this, it will be useless.”

    And German economist Heinrich Underlain tweeted: “Timing is everything. EU Commission proposals on deepening the European Monetary Union come at the wrong moment.” Other sources, however, insist progress should not be compromised by German political instability. 

    read more.
http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Click on image for article.

http://www.b92.net/eng/news/world.php?yyyy=2012&mm=06&dd=20&nav_id=80854

Click on image for article.

http://www.theguardian.com/world/2014/feb/17/eurozone-countries-united-states-europe-viviane-reding

Only 10 countries out of the 18 will form the “United States of Europe”. This is the endtimes 10 Horn Beast empire. Click on image for article.

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December 6, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , | Leave a comment

When The Fed Loses Control And The Rates Move Up We Will Be Facing A Disaster: Rick Rule

December 6, 2017 Posted by | Economics | , , , , , , , | Leave a comment

AHEAD: Soviet Union Style Collapse of U.S. Govt | Mike Rivero

December 6, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Missing $21 Trillion Means Federal Government Is Lawless – Dr. Mark Skidmore

  • Missing $21 Trillion Means Federal Government Is Lawless – Dr. Mark Skidmore
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Michigan State University economics professor Mark Skidmore made an astounding discovery about the finances and budgets of the U.S. federal government earlier this year. He and a team of graduate students discovered $21 trillion missing in the federal budget going back to 1998.  Dr. Skidmore, who specializes in public finance, explains, “We know from official government sources that indicate $21 trillion is, in some way, unaccounted for.  Furthermore, if we come back to the Constitution, all spending needs to be authorized by Congress.  It looks to me, and I think I can conclude with a high degree of certainty, there is money flowing in, as well as out, that is unaccounted for. . . . That’s the one thing we know from these documents, that there is $21 trillion in unaccounted funds.”

    In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of  a little more than $120 billion a year.  Skidmore says, “In this one report . . . there is an appendix table that indicates there was a transfer from Treasury to the Army of about $800 billion.  That’s almost a trillion dollars flowing in.  There is a note that says we had to do this in order to reconcile past years.  That doesn’t make sense to me either because, these earlier years, you have a transfer from the Treasury of your $120 billion or $130 billion, and every year, the Army is granted the authority to spend this money in the ways they say they will.  How can you get (an additional) $800 billion in and call that an ‘adjustment’? I tried to call and talk to the office of the Inspector General to talk to the people who helped generate these reports.  I haven’t been successful, and I stopped trying when they disabled the links.”

    You heard correctly. The government cut off inspection of their own financial accounting to the public. Skidmore says, “I have been able to talk to a few people.  I tried calling the Congressional Budget Office.  I talked with somebody at the GAO, and one or two people at the Office of the Inspector General, who were generating these reports. . . .It’s a big question in why don’t people want to look at this?  I am just a blue collar economist at Michigan State University, and I am saying this does not make sense to me.  Why don’t we look at this? . . . Some high ranking government official authorized the disabling of all the links to the key documents.  We know that.”

    Dr. Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue?  Dr. Skidmore says, “Yeah, and that is one of the reasons I decided to look at this.  How can this be, and what does this mean?   If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law.  If that is the case, that really is troubling because it suggests that there is a layer of things happening that are outside the rule of law.  I know, for example, that some activities, just for the sake of protection of the people involved in national security, have to be black budget.  There is always stuff like that.  Usually, it’s authorized spending, and some percentage is this black budget where only a small percentage of people and some in Congress know about it, but this is way outside of that.  So, I am worried about it.”

http://crooksandliars.com/2015/06/report-reveals-85-trillion-missing

Click on image for article.

http://www.wnd.com/2016/08/6-5-trillion-missing-from-defense-department/

Click on image for article.

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December 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Russia Continues Stocking Up on Gold Under Putin’s Strategy

  • Russia Continues Stocking Up on Gold Under Putin’s Strategy
    by https://www.rt.com/
    The Central Bank of Russia (CBR) is increasing the country’s gold reserves to meet a goal set by President Vladimir Putin to make Russia less vulnerable to geopolitical risks.

    As of November, Russia had 1,801 tons of gold accounting for 17.3 percent of all reserves. Russia is the sixth largest gold owner after the United States, Germany, Italy, France, and China.

    “Under the instruction by President Putin, the Bank of Russia has been implementing the program of increasing the absolute share of gold in the gold and currency reserves of Russia for many years,”
     First Deputy Chairman of the Russian regulator Sergey Shvetsov said last week at a conference on precious metals in Moscow. Since Putin’s election as president, Russian gold reserves have increased more than 500 percent from 343 tons, according to Gold.org data.


    Buying gold makes a country less vulnerable to geopolitics. After the Crimea referendum in the first quarter of 2014, Russia increased its gold reserves by almost 75 percent.

    “I will not dwell on the geopolitical situation. Every smart person understands the value of gold in ensuring financial and economic security of the country,”
     Shvetsov said at the conference.


    As Goldcore reports, the CBR has more than doubled the pace of gold purchases. In the second quarter of the year, Russia accounted for 38 percent of all gold purchased by central banks.

    read more.

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December 4, 2017 Posted by | Economics | , | Leave a comment