Socio-Economics History Blog

Socio-Economics & History Commentary

Putin on US Establishment: Working with People Who Confuse Austria & Australia is Hard

  • Putin on US Establishment: Working with People Who Confuse Austria & Australia is Hard
    by https://www.rt.com/
    Russian President Vladimir Putin lamented the poor level of diplomatic competence demonstrated by Washington lately, saying Moscow found it difficult to work with people who cannot tell Austria and Australia apart.

    Speaking to journalists on Tuesday, Putin said the Americans were acting like bullies by shutting down Russian diplomatic facilities.

    “The Americans were in their right to reduce the number of our diplomatic facilities. But they did it in an obviously bullying manner, and that does no credit to our American partners,”
     he said.


    “It’s difficult to have a dialogue with people who confuse Austria and Australia. There is nothing to do about it. Apparently that’s the level of political culture of a certain part of the American establishment.”

    The jibe was referring to a gaffe made by then-US President George W. Bush during an APEC summit in Australia in 2007. In a series of blunders, the Republican leader thanked Sydney for “being such a fine host for the OPEC summit,” and later recounted how then-Australian Prime Minister John Howard had gone to visit “Austrian troops” in Iraq.

    read more.

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September 6, 2017 Posted by | GeoPolitics | , , , | Comments Off on Putin on US Establishment: Working with People Who Confuse Austria & Australia is Hard

War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts

  • War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts
    by https://mishtalk.com/
    Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts.

    Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time.

    Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt.

    A plan to strip consumers of their legal protections if they pay in cash and fail to get a receipt has been slammed as “completely unfair” by leading advocacy groups.

    The proposal was one of 35 recommendations contained in the interim report from the federal government’s Black Economy Taskforce, which argued the need for “consumer-focused action” to crack down on cash payments.

    According to Taskforce chair Michael Andrew, former global head of accounting firm KPMG and current chair of the Board of Taxation, while current anti-black economy laws focused on businesses, consumers are “part of the problem”.

    read more.

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August 4, 2017 Posted by | Economics | , , , | 1 Comment

Australia “Weather-Experts” Falsify Climate Change

  • Australia “Weather-Experts” Falsify Climate Change
    by Jon Rappoport, https://jonrappoport.wordpress.com/
    “Global warming is a non-problem…I say this to Obama: Excuse me, Mr. President, but you’re wrong. Dead wrong.” (Dr. Ivar Giaever, Nobel-Prize winner in physics)

    “The computer models just weren’t reliable. In fact, I’m not sure the whole thing isn’t crazy, this climate change.” (Green Guru James Lovelock, who once predicted imminent destruction of the planet via global warming) I’ve written a number of articles proving the global warming science is far from “settled.” I’ve also written about the political agenda behind climate change. It is stark:

    All nations will be ordered (if treaties are signed) to REDUCE THEIR OVERALL ENERGY PRODUCTION BY A DISASTROUS AMOUNT.

    Therefore, the output of carbon dioxide would be cut, and, we are told, “the planet could be saved.” But no replacement of carbon-based fuels with solar, wind, and other popular alternative sources could possibly, given present technology, make up the difference and stave off the catastrophe stemming from a major cut in planetary energy production.

    National economies would falter, poverty would deepen, chaos would expand, and in the ensuing crisis, the (Globalist) forces of order would move in and “solve the problem.” Also known as: a takeover of all major institutions of government, worldwide. Now have a new scandal erupting, on top of a whole pile of prior scientific frauds. As The Daily Caller reports:

    “Australian scientists at the Bureau of Meteorology (BOM) ordered a review of temperature recording instruments after the government agency was caught tampering with temperature logs in several locations.”

    “Agency officials admit that the problem with instruments recording low temperatures likely happened in several locations throughout Australia, but they refuse to admit to manipulating temperature readings. The BOM located missing logs in Goulburn and the Snow Mountains, both of which are in New South Wales.”

    Let’s be clear. The missing and altered temperature readings actually indicated lower-than-normal temperatures which, if reported, would weaken the assertion that Australia is getting hotter.

    read more.
http://dailycaller.com/2017/07/31/australia-weather-bureau-caught-tampering-with-climate-numbers/

Click on image for article.

http://www.telegraph.co.uk/news/earth/environment/globalwarming/11395516/The-fiddling-with-temperature-data-is-the-biggest-science-scandal-ever.html

Click on image for article!

http://dailycaller.com/2015/06/04/noaa-fiddles-with-climate-data-to-erase-the-15-year-global-warming-hiatus/

Click on image for article.

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August 3, 2017 Posted by | Science & Technology, Social Trends | , , , , , , , | Comments Off on Australia “Weather-Experts” Falsify Climate Change

China & Australia IMMINENT COLLAPSE of Housing Market as MASSIVE FRAUD Surfaces!?

June 1, 2017 Posted by | Economics | , , , , , , | Comments Off on China & Australia IMMINENT COLLAPSE of Housing Market as MASSIVE FRAUD Surfaces!?

US & Five Eyes Allies Do Spy on One Another

http://rt.com/usa/169500-snowden-nsa-eyes-intercept/

Click on image for article.

  • ‘Five Eyes’ allies are all part of the Anglo-American empire. Emphasis mine:
  • US & Five Eyes Allies Do Spy on One Another
    by WAYNE MADSEN, http://www.strategic-culture.org/
    In a rare public announcement, Britain’s signals intelligence agency, the Government Communications Headquarters (GCHQ), issued a rare public statement concerning a charge by an American former judge that it conducted electronic surveillance of president-elect Donald Trump after his upset victory on November 8, 2016. GCHQ stated: «Recent allegations made by media commentator Judge Andrew Napolitano about GCHQ being asked to conduct ‘wiretapping’ against the then president-elect are nonsense. They are utterly ridiculous and should be ignored». Its public announcement belied the fact that GCHQ and its four Five Eyes partners have spied on each other’s citizens as a legal «work around» to their national laws designed to prevent such domestic eavesdropping on citizens by their respective agencies.

    In the U.S., domestic surveillance orders are issued by a special Foreign Intelligence Surveillance Court (FISC), pursuant to the 1978 Foreign Intelligence Surveillance Act (FISA). The other nations, the UK, Canada, Australia, and New Zealand, have similar restrictive laws in place.

    Such spying took place against two British Cabinet members in 1983 by Canada’s SIGINT agency. Former Canadian Communications Security Establishment (now known as Communications Security Establishment Canada or CSEC) officer Mike Frost said that Margaret Thatcher used the five-power global surveillance network to spy on two of her Cabinet members because she did not believe they were loyal in supporting Thatcher’s policies. Frost told CBS’s «60 Minutes», «[Thatcher] had two ministers that she said, ‘They weren’t onside’… so my boss went to London and did intercept traffic from those two ministers». Frost confirmed that the five countries could circumvent domestic laws against spying on citizens by asking another member of the alliance to do it for them.

    One of the British ministers spied upon and then fired by Thatcher after her resounding re-election in 1983 was Foreign Secretary Francis Pym, a Conservative Party moderate who, ironically, was also in charge of GCHQ and the MI6 Secret Intelligence Service. The other was Deputy Prime Minister and Home Secretary William Whitelaw, who was moved to be Speaker of the House of Lords, an insignificant position.

    read more.
http://voiceofrussia.com/news/2014_06_20/33-govts-help-NSA-to-monitor-internet-data-worldwide-9421/

Still think my comments about a Beast ‘666’ Network ridiculous? Click on image for article.

http://rt.com/usa/nsa-mystic-retro-leak-630/

Click on image for article.

http://www.washingtonpost.com/world/national-security/nsa-surveillance-program-reaches-into-the-past-to-retrieve-replay-phone-calls/2014/03/18/226d2646-ade9-11e3-a49e-76adc9210f19_story.html

Click on image for article.

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April 1, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on US & Five Eyes Allies Do Spy on One Another

Mainstream Media in Its Death Throes As Aussie PM Exposes Fake News on Trump

http://thefreethoughtproject.com/mainstream-media-caught-promoting-fake-news-involving-trump-turnbull/

Click on image for article.

williamcolby-cia_owns_msm psyop

einstein-blind-belief-in-authority-greatest-enemy-of-truth

February 8, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Mainstream Media in Its Death Throes As Aussie PM Exposes Fake News on Trump

Record-Breaking Desert Rains Send Waterfalls Down Australia’s Ayers Rock. Global Warming is a HOAX!

  • Published on Dec 26, 2016
    Strong winds and unprecedented torrential rains have triggered flash floods in Australia’s Northern Territories, forcing mass evacuations and sending waterfalls down the landmark Uluru/Ayers Rock sandstone formation. The desert area witnessed some 23.2cm of rain within 24 hours after a storm reached the region on Christmas night, which brought the total amount of rainfall to 37.3cm in December, renewing a monthly record. 
View this document on Scribd
http://www.bbc.com/news/world-australia-36972449

Malcolm Roberts is 100% correct! Click on image for article.

http://www.australiannationalreview.com/top-physicist-claims-global-warming-scam/

Click on image for article.

http://www.thenewamerican.com/tech/environment/item/20858-climate-hoax-aimed-at-new-world-order-says-aussie-pm-advisor

Click on image for article.

http://rt.com/news/256861-climate-change-un-hoax/

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December 27, 2016 Posted by | Social Trends | , , , , , , , , | Comments Off on Record-Breaking Desert Rains Send Waterfalls Down Australia’s Ayers Rock. Global Warming is a HOAX!

War On Cash Escalates: Australia Proposes Ban on $100 Bill; No Cash Within 10 Years?

australia-100-note-kiss_goodbye_war_on_cash

  • War On Cash Escalates: Australia Proposes Ban on $100 Bill; No Cash Within 10 Years?  
    by https://mishtalk.com/
    Global financial repression has picked up steam. Australian citizens are likely the next victim. AU News reports Government Floats $100 Note Removal.

    SAY goodbye to the $100 note.
    Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.

    Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.

    “The whole point of this crackdown on the black economy is to make sure we close down any potential loopholes,” she said. Despite the broad use of electronic forms of payment, Ms O’Dwyer warned there are three times as many $100 notes in circulation than $5 notes.

    “It does beg the question, ‘Why?’” she said.
    There are currently 300 million $100 notes in circulation, and 92 per cent of all currency by value is in $50 and $100 notes.

    A report by UBS recommended Australia scrap the $100 note. According to UBS, benefits may include “reduced crime (difficult to monetise), increased tax revenue (fewer cash transactions) and reduced welfare fraud (claiming welfare while earning or hoarding cash)”.

    “From the banks’ perspective there would likely be a spike in deposits — if all the $100 notes were deposited into banks (ignoring hoarded $50 notes), household deposits would rise around four per cent,” the report said.

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

Click on image for article.

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

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

Click on image for article.

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December 15, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , | Comments Off on War On Cash Escalates: Australia Proposes Ban on $100 Bill; No Cash Within 10 Years?

Foreign Intel Agencies Prepare To Cyber Attack Russia’s Financial Institutions

  • Published on Dec 2, 2016
    Jill Stein is still pushing the recount vote to remove the electoral college votes when the electors meet on Dec 19. Congress authorizes the arming of the Syrian opposition with MANPADS. 70% of the immigrants are adults coming into the US. Obama has secret deal with Australia to accept 2,000+ refugees, congress does not know who they are. China wants to meet with the Houthi government to talk about cooperating economically. Lavrov says there are now moderate rebels, there are just terrorists. Russia is bracing for a cyber attack which will target their financial institutions, this might be the beginning of the cyber wars. The elite are setting up the next administration to go after Iran, to start war.

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December 5, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off on Foreign Intel Agencies Prepare To Cyber Attack Russia’s Financial Institutions

Aussie Media Push Globalists’ “Cash Is For Criminals” Narrative

world_war_on_cash

http://www.abc.net.au/news/2016-10-21/world-awash-with-cash-fuels-illegal-activity/7933250

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

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

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November 30, 2016 Posted by | Economics, EndTimes, Social Trends | , , , , , , , , , , , , , , , | Comments Off on Aussie Media Push Globalists’ “Cash Is For Criminals” Narrative

The War On Cash Goes Nuclear In India, Australia and Across The World

world_war_on_cash

  • The War On Cash Goes Nuclear In India, Australia and Across The World
    by We are living in a world where paper fiat money is becoming a novelty. In Australia, Citibank has just become the first to declare that it no longer will accept notes or coins. Only digital transactions. This follows on the heels of India banning large cash denominations.

    The cash-oriented changes of these two countries are especially troubling in light of the eventual plans to phase out large denomination euro notes and the US 100 dollar bill by 2018.  Just as the Economist predicted nearly 30 years ago, the world is going cashless.

    A few days ago we wrote (here) about how the Reserve Bank of India eliminated 500 and 1000 rupee banknotes from the money supply. These notes represent 20% of the cash value in circulation and 80% of cash outstanding in the country.

    The main reason India has been combating cash in conjunction with selling off gold, is because people in the “black” or “free” Indian marketplace were supposedly circumventing the financial system by conducting business and then slowly buying physical gold with large denomination bills.

    Since the transactions were not being tracked or monitored, it was much easier to hide earnings from the government trying to extort them. So naturally, being a greedy crime syndicate that operates parasitically on extorted funds, the government is putting a stop to something that it views as an ongoing, expanding threat.

    Of course, there’s a reason why Indian women wear their wealth – gold and silver – on their bodies. Indians have been through this before. Indian societies are very old, perhaps the oldest in the world, and they’ve gone through numerous metals confiscations in the past.

    Of course, what’s going on is not being described as a “confiscation.” So far, reasons to remove cash are not coordinated. In India, it’s because of “corruption.” In Australia, it’s supposedly because customers simply don’t want or need cash.

    Citibank’s Australian head of retail banking Janine Copelin stated, “We have seen a steady decline in the demand for cash services in our branches — in fact less than 4% of Citi customers have used this service in the last 12 months.”

    Which is both believable and possible considering most people don’t understand the significant benefits of paying with cash or don’t care that the government and banks are able to track their every move and transaction. Then again, Citi could simply be exaggerating.

    It’s the same mentality that people inside the US had and continue to have after they learned that the NSA was tracking all their information after Edward Snowden’s revelations.

    A lot of people responded by saying that they have nothing to hide and therefore nothing to worry about. “Let the government track me all they want, we have to stop the criminals and terrorists”. The criminals and terrorists ARE the government, dummies. But, that’s what government indoctrination camps (schools) are for.

    read more.
http://www.bloomberg.com/news/articles/2016-11-13/australia-should-follow-india-and-scrap-big-bank-notes-ubs-says

Click on image for article.

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

Click on image for article.

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

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

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November 16, 2016 Posted by | Economics, EndTimes | , , , , , , , , , | Comments Off on The War On Cash Goes Nuclear In India, Australia and Across The World

Banks Are Preparing For A Nuclear Financial Event

  • Published on Aug 29, 2016
    Australia’s private homes sales decline by 9.7%. 10,000 retail employees might lose their jobs. Spending declines as the collapse take hold. Dallas Fed declines which is flashing red warning lights that we are now entering into a deep recession. US Government/central bank pushing for a cashless society. New SEC rule comes into effect which will push cash into Government Treasuries. Major banks in the private western central bank world are preparing for an apocalyptic financial crisis.
http://www.wsj.com/articles/preparing-for-a-world-without-cash-147035

Subscription needed. 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.

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

Click on image for article.

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

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August 31, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Banks Are Preparing For A Nuclear Financial Event

Whiff of Panic Among Australia’s Biggest Banks?

http://www.smh.com.au/business/the-economy/the-charts-that-suggest-the-housing-bubble-is-out-of-control-20160224-gn2b46.html

The charts that suggest the housing bubble is out of control. Click on image for article.

  • Whiff of Panic Among Australia’s Biggest Banks?
    by , http://wolfstreet.com/  
    “Australia’s WTF Moment”
    Australian bank regulators that had for years practically encouraged the big four Australian banks to do whatever it takes to further inflate the housing bubble suddenly fretted publicly in April about the banks’ exposure not only to housing but also to China. And now something strange has happened that set off all kinds of warning sirens.


    On August 2, the Reserve Bank of Australia (RBA) lowered its target “cash rate” by 25 basis points to 1.50%. And what did the banks do? Something so strange it smelled of panic.

    Everything is nearly hunky-dory around the globe and in Australia, the RBA said to rationalize the rate cut, but it mentioned some squiggles in Australia’s housing market. And since about two-thirds of the assets of the big four banks are loans to the property sector, particularly mortgages, the RBA is getting nervous. It mentioned the oncoming tsunami of supply of housing units, tightening lending standards, and the pull-back of maxed out potential homebuyers. It seems the RBA fears that something is going to prick the Australian housing bubble and take down the banks.

    The big four banks – Commonwealth Bank of Australia (CBA), Australia & New Zealand Banking Group (ANZ), Westpac Banking Corp (WBC), and National Australia Bank (NAB) – are a special breed. Their total assets amount to 220% of Australia’s GDP!

    read more.

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August 5, 2016 Posted by | Economics | , , , , , | Comments Off on Whiff of Panic Among Australia’s Biggest Banks?

Factory Orders And Trucking Have Imploded, Recovery, I Think Not

  • Published on Aug 4, 2016
    Retail spending in Australia slows. Initial jobless claims rise as Challenger Gray and Christmas report more layoffs. Millennials are now living paycheck to paycheck. Class 8 trucking declines and at the same time factory order decline for 20 consecutive months. Brits are now taking their currency out of the banks and hiding it under the mattress. The people in Venezuela are now killing zoo animals for food.

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August 5, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , | Comments Off on Factory Orders And Trucking Have Imploded, Recovery, I Think Not

European Banking System Collapsing Now! Next up, Sovereign Bonds?

financial-crisis-clock-word-background

  • European Banking System Collapsing Now! Next up, Sovereign Bonds?
    by , http://www.milesfranklin.com/
    Unequivocally, the rubber is hitting the road NOW!  So much so, I believe “last to go” markets are in danger of being overwhelmed by the chaotically scrambling, Keystone Kop-like, terminally cancerous “powers that be.”  And by “last to go,” I don’t just mean the gold and silver markets, which are being swamped by exploding physical demand, collapsing production, vanishing inventories, and history’s most violently PM-bullish political, economic, and monetary environment.  No, I mean everything else; including hideously overvalued stock markets – which cumulatively, will either crash into oblivion, or hyper-inflate Zimbabwe style; with the result, in either case, being the biggest real losses of all time.  To that end, kudos to Gordon Long, who in this article, opened my eyes to the massive head and shoulders top formation in global stock markets, which is breaking down as we speak; ominously, led by financials.  Which is exactly why he – and I – anticipate Central banks are about to go “all in” on hyperinflation.


    To that end, today’s Japanese fiscal stimulus announcement (following last week’s Bank of Japan pronouncement that it is doubling its stock market purchases); this morning’s Royal Bank of Australia rate cut; and next week’s imminent Bank of England rate cut and QE announcement; are just the tip of what will be history’s biggest monetary iceberg.  Just under the surface – where as you know, the majority of icebergs lie – the Federal Reserve is lying in wait, praying it can avoid re-joining the overt QE ranks before the election.  But irrespective of the timing, I assure you they will retake the mantle of lunatic, overt money printing and asset monetization from the ECB and BOJ before long.  And when they do, there’s no telling if 2008-style crash or Weimar-like hyperinflation will win the day.  Which, in either case, will yield a massive crash in the dollar’s value against real money, irrespective of how it performs  against other collapsing fiat toilet paper.

    read more.

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August 3, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Comments Off on European Banking System Collapsing Now! Next up, Sovereign Bonds?