Socio-Economics History Blog

Socio-Economics & History Commentary

Karl Denninger: We All Know How This Party is Going to End

  • Karl Denninger: We all Know How This Party is Going to End
    by Greg Hunter’s USAWatchdog.com
    Analyst and entrepreneur Karl Denninger predicted years ago that Obamacare would “kill the economy” and “eventually implode.” Today, the first quarter GDP came in at just .9%, and Denninger contends Obamacare is part of the reason the economy is so anemic. Denninger says, “Since the crash in 2008, we’ve had 2% GDP expansion roughly on an average basis, and you are trying to expand the growth of one program in the government by 8.5%, and that’s not going to work. This is the problem you have. What Obamacare has done has caused the 2% expansion. . . . So, what has happened here is we have taken this program and crammed these costs into the economy on a mandated basis, and the result is the productivity expansion has gone into the toilet.”


    Another big problem with Obamacare is the pre-existing conditions. Denninger says, “When you say an insurance company has to cover pre-existing conditions, what you are saying is if this condition costs $10,000, we are going to make it cost $12,000 because the insurance company has to make money. The cheapest way to pay for a condition that costs $10,000 is to write a check for $10,000. That’s just basic math, and yet nobody wants to deal with this. So, the high risk pools were in the process of collapsing, and as a result, you had Obamacare come into essentially force everybody into the risk pools. That was the whole point. Everybody has to buy health insurance and, therefore, force you to take things you cannot get. For example, as a man I, can never need maternity. . . . If you have these things that I have to pay for in my coverage, but the probability is zero of using it, then what you have done is stolen the money from me and given it to somebody else. . . . I don’t think this can be fixed at the present time.”

    read more.

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March 29, 2017 Posted by | Economics, GeoPolitics, Medicine & Health | , , , , , , , , , , | Leave a comment

Dr. Jim Willie: Top 10 Risks to the U.S. Dollar

  • Dr. Jim Willie: Top 10 Risks to the U.S. Dollar
    by https://thelastgreatstand.com/
    In the following video, Right Wing News personally interviews the one and only Dr. Jim Willie about the latest happenings in the global economic market and how they relate to what we should expect from the U.S. Dollar and U.S. economic markets.

    Among some of the topics covered include the non-passage of “Obamacare Lite” and whether that is expected to have any significant effect on U.S. markets, as well the coming retail apocalypse, the Fed’s decision to raise interest rates when there is no data to suggest the economy can handle it, why other countries are dumping U.S. Treasuries, and what it means for Americans not if, but when the U.S. loses its status as the global reserve currency. After the interview, be sure to check out Dr. Willie’s latest post at GoldSeek.com.

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March 29, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

US DEBT REJECTED – Has the Dollar Collapse BEGUN? | Jim Willie

  • Published on Mar 28, 2017
    In this viewers’ questions edition with Dr. Jim Willie:

    – U.S. Treasury bonds are being rejected in U.S. port facilities?
    – How much gold is there in the gold?
    – What are safe assets and careers in the case of economic collapse?

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March 29, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

Economic World War III & $50,000 Gold | Bill Holter

  • Published on Mar 21, 2017
    This interview was recorded on Sep 7, 2016.
    IN THIS INTERVIEW:

    – Economic World War III ►0:49
    – Will the “rigged” system survive the economic war? ►4:40
    – Stock market crash before election ►7:24
    – Can you thrive during the collapse? ►11:59
    – Precious metal breakout ahead ►13:32
    – Is it too late to buy gold? ►16:43

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March 29, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”

  • The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”
    by Mac Slavo, http://www.SHTFplan.com
    As global financial markets teeter on the edge of collapse, a report  published this morning suggests that the run up in the U.S. dollar may be over. As of today, some 80% of post-Trump election gains have been wiped out and as noted in the special video report from Future Money Trends below, it appears that things are only going to get worse:

    China sold more U.S. Treasuries last year than any country has ever sold in a single year… $188 billion worth… Japan is also making an exit, selling nearly $30 billion since election day… Belgium, Switzerland and Saudi Arabia have all become big sellers too… 

    Official national debt is $20 Trillion… the real debt has been calculated to be $200 Trillion… what’s not included in the official numbers is social security, Medicaid and Medicare obligations… Think about it… every penny spent on the military, welfare programs, foreign aid and even your Congressman’s paycheck… it’s all borrowed money…

    As explained in the video report, our creditors know this and they are in the process of dumping their holdings before the whole system collapses in on itself.

    read more.

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March 29, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

The 2 of 3 Pillars Holding Up The Economy Have Fallen, The Economic Shift Is Underway: Brandon Smith

March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Collapse Could Occur Anytime | John Rubino

  • Published on Mar 27, 2017
    John Rubino says the system is poised to collapse and could collapse at any time… Rubino discusses the rise of inflation and the emerging populist sentiment. Rising inflation around the world shows we are heading into a period of rising instability. While the rich are getting richer with rising asset prices, the average person is becoming frustrated with the broken system and turning away from the right/left dichotomy and towards populist candidates. But there’s nothing that can fix the broken system, Rubino says. Electing populist candidates doesn’t fix anything, it simply brings political instability to the already present economic instability.

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March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Flight From Cities: Something’s Coming

  • Published on Mar 27, 2017
    A demographic pattern has emerged of people fleeing urban areas. Why have 66,000 people migrated from Chicago in the last year? Other urban cities are seeing the same thing. Where are they going? Why are they leaving?

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March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

Jim Willie: Top Ten US Dollar Risks

The grim reaper is coming for the petrodollar.

  • Jim Willie: Top Ten US Dollar Risks
    by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
    The USDollar has never been in greater danger for losing its dominant position as global reserve currency and payment standard. Challenges to its supremacy are many and with each passing month, more threats are put in place. While the volumes of trade payment in Chinese RMB grow slowly, and the banking reserves in non-USD bonds grow slowly, the risk for the USDollar to be marginalized has increased significantly in the last two to three years. Basically speaking, a fiat currency run by a corrupt, thieving, and dishonorable hegemonic regime for the sole purpose of exploiting the rest of the world cannot stand the test of time, and will be dismantled. The community of nations gathers momentum and organization with producing an alternative. It has taken time, and will require more time. The scenario is indeed possible of a dual universe has been raised, whereby the West continues under the USD-based system, and the East emerges under a new RMB-based system. However, the Eastern alternative is step by step to emerge with a gold foundation. The USDollar cannot compete with Gold in any way except through continued fraud, intimidation, extortion, and open war. All these topics at high level and ground level are covered with analysis in the Hat Trick Letter.

    The fall of the King Dollar Empire is near, as the Global Paradigm Shift proceeds without potential for interruption or much further delay. The galactic decay decline and demise is assured. It has been a brutal final chapter, marred by universal corruption and endless war. It has earned the Empire of Chaos label, for its many color revolutions which mask the brutal hegemony and theft of assets. The fall of the baseless USDollar occurs simultaneously with the rise of the solid Gold foundation. Below are the Top Ten risks to the USDollar, which will end the year 2017 in a significantly weaker position than it started.

    read more.

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March 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

The Elite & Ultra Wealthy Are Preparing For Something Big

March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

America’s Retail Apocalypse: How 3,500 Stores are Set to Close Across the Country in Just the Next Two Months

http://www.dailymail.co.uk/news/article-4339336/3-500-stores-set-close-country-two-months.html

Click on image for article.

March 27, 2017 Posted by | Economics | , , , , , | Leave a comment

Economic Collapse is Here | David Kranzler

  • Published on Mar 25, 2017
    The economy fell off a cliff months ago, the markets just don’t know it yet… Dave Kranzler from Investment Research Dynamics joins FinanceAndLiberty to reveal the data that the mainstream media fails to report that shows the economy is in a dire situation. In the midst of the collapsing economy, the stock market remains disconnected from reality. Either the fundamental reality has to catch up with the stock market, or the stock market has to catch down with the fundamental reality, Kranzler says.
  • See also:

    It’s A Retail Apocalypse: Sears, Macy’s And The Limited Are All Closing Stores

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March 27, 2017 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Leave a comment

We Never Had This Much Hidden Financial Leverage, When The Crisis Hits, It Will Be Painful: John Rubino

March 27, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

John Williams: Trump is America’s Last Chance

  • John Williams: Trump is America’s Last Chance
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Economist John Williams says President Trump has to do something fast and big to turn the faltering U.S. economy around. Williams explains, “You are seeing the economy slow down.  Some people are recognizing that.  The Fed’s statement a week or two ago . . . many analysts consider that dovish.  The Fed knows what’s going on here.  They are trying to get rates up a little, but they have a circumstance that they are not out of the woods with the banks.  What they are hoping for is maybe the Trump Administration is going to bail them out and stimulate the economy.”

    Williams says “The banks are still not healthy. . . . The Fed is still fighting the battle it effectively lost in 2008.  Mr. Trump has several problems.  One is the economy.  One is the long term budget deficit, and the third is the Federal Reserve.  The Fed lost control of the system.  The system effectively collapsed.  They haven’t been able to bring it back to normal.”

    Would Donald Trump simply default on the U.S. debt if countries around the world dump U.S. Treasury bonds? Williams says, “That would be an act of default.  You don’t want to do that. What Trump needs to do is address the long term solvency issues of the United States.  Then he can convince people that, yes, we are going to be able to handle this, and at the same time, take action to stimulate the economy.  That could be very bullish for the dollar fundamentally. . . . If they want this to work and save the system, and Mr. Trump will come out of this with his face on Mount Rushmore if he does, he’s got to turn the economy.  To do that, he needs to increase government spending in areas that would help stimulate the economy.  He’s got to cut taxes, and that is in the works in some form.  As part of the process, there very likely will be a widening of the budget deficit, which could kill the dollar and kill people holding Treasuries.”

    read more.

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March 27, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

“It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst

  • “It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst
    by http://www.silverdoctors.com/
    Alasdair Macleod Joins Us From London to Warn Things Are Getting Critical in the Gold Market:

    “It Would Have Taken Out ALL OF THE BANKS”
    The London Analyst Reveals A MAJOR Operation Will Be Needed to Stop the Next Bank Run on Gold, & Explains Why THIS Is What’s Driving the Price of Gold:

    * Gold & Silver Rally: This Has A Good Feeling Behind It
    * This Rally In Gold and Silver Could Go A Long Way
    * Will Eurozone Demand For Gold EXPLODE As the Italian Banking Crisis Nears Climax?
    * Macleod Takes Us Back to Cyprus: He Explains the Last Time We Had A MAJOR Operation to Stop A Bank Run On Gold: It Would Have Taken Out ALL of the Bullion Banks!

    * It’s Going to Be A Bit More Difficult To Stop the Next Bank Run On Gold
    * We’re Getting to the Stage Where We Want the Financial Crisis to Begin 
    * The US Dollar Is Going to be VERY VERY WEAK, It’s Going Down, and Down, and Down – Implication Is Gold and Silver Will Go Up, And Up, And Up!

    Physical Silver Update:

    Sales of US Mint Silver Coins QUADRUPLED this week to 795,000 coins from just 220,000 Silver Eagles one week ago, bringing monthly ASE sales to 1.295 million coins, and year to date Silver Eagle sales to 7,637,500 coins as demand increased across the industry as silver prices recovered from the drubbing received at the hands of the bullion banks ahead of the latest Fed Rate Hike. Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory. 

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March 25, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment