Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset

  • Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset
    by https://www.silverdoctors.com/
    Jim says we need gold to join the global reset, but the U.S. only has 8,000 tons Of gold-plated tungsten, and China isn’t selling. Here’s more… Jim Willie interviewed on Rogue Money. Jim Willie returns to Rogue Money for an important update on all the latest economic and geo-political happenings around the world. Topics in Jim’s latest interview include:

    * Fall of the U.S. Dollar / De-dollarization
    * The economic trade zone of China, Iran and Russia
    * CIPS – The competitor to SWIFT
    * Gold and the importance of gold in global trade
    * Oil and the Middle East
    * The launch of the Petroyuan and the inability of the West to control it
    * The Gold Trade Note to be used in international trade
    * A gold backed Chinese yuan
    * The geo-political importance of what is going on with Iran
    * Fort Knox gold theft by Bush, Clinton and Ruben
    * The importance of gold in the coming global reset

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April 25, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Creation Of A New International Trade Currency Will Damage The Dollar

  • X22Report Published on Apr 24, 2018
    Home prices are now surging, the central bankers have succeeded in creating the bubble of all bubbles. When looking at the data, unemployment is at its lowest point but home buyers are no where to be found. The data shows housing sales are down except out west. Russia purchases more gold and passes China. The BRICS are developing a new international trade currency this will collapse the dollar.

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April 25, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Your Gold in Vaults? Confiscations, Mattress Money, 2021 and more… Q&A with Lynette and Eric

  • ITM Trading Streamed live 5 hours ago
    Questions: https://www.itmtrading.com/blog/gold-…
    Question 1. Mike M: I have approx. 1/3 of my gold stored in a vault in Singapore. What would happen to that if there is an overt confiscation?
    Question 2. Rene W: To get protection against bail-in would it be wise to remove let say $10,000.00 or more from your bank account and stuff it under the mattress?
    Question 3. Awake1percent: What happens to social security and other entitlements AFTER the reset? Will people start getting their government checks in whatever the new currency is? Do you think these programs could just cease?
    Question 4. Annette S: When being used for barter, can you get the same amount of goods for a one-ounce silver round that you could get with a one ounce silver eagle? If so, why would someone pay the extra premium for the eagle?
    Question 5. Craig J: why is it that when countries by tons of gold and big gold guys that buy gold by the tonnage for their clients, why doesn’t the price rise dramatically?
    Question 6. Robert J: Lastest Video: does this mean your advice going from variable rate to fixed rate and then having nine months to pay off your mortgage is no longer applicable because they can change it anyway?
    Question 7. H Zilla: I am still confused by the 100% consent requirement for certain changes to be implemented in 2021. Wouldn’t this be a good thing for mortgage, school and car loan holders in keeping the new rates from being raised for the benefit of the IMF?

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April 25, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Turkey’s Gold Repatriation ‘Sign of Coming End’ of US-Dominated Monetary System

  • Turkey’s Gold Repatriation ‘Sign of Coming End’ of US-Dominated Monetary System
    by https://sputniknews.com/
    The Turkish Central Bank has decided to bring its 220 tons-worth of gold home from the US. The country’s largest commercial banks have followed suit. Claudio Grass, a Mises Institute ambassador and consultant at Switzerland’s Precious Metal Advisory, explained why the move is a sign of the impending return to global financial multipolarity.

    Sputnik: What do you think prompted Ankara to begin transferring its gold reserves out of the US Federal Reserve system?

    Claudio Grass:
     I think there are several reasons for this, but the main might be that Erdogan’s former brother in arms Fethullah Gulen is living in Pennsylvania under the protection of the US government. Erdogan claims that Fethullah [is working with] the deep state in Turkey, which is trying to overthrow his position. So he claims that Gullen stands behind the coup attempt which took place a year and a half ago. Therefore, I think Erdogan does not trust Gullen, and also not the Americans any longer…


    On the other hand, the economy is in trouble, and the Turkish lira for a long time has been facing pressure…

    read more.

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April 24, 2018 Posted by | Economics | , , , , , , | Leave a comment

Catherine Austin Fitts: Enormous Level of Ignorance & Lawlessness in America

  • Catherine Austin Fitts: Enormous Level of Ignorance & Lawlessness in America
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts warns that the “financial rape of America” is nothing more than “re-engineering” the debt based economy. This “rape” is happening from earth to space, and it connects to $21 trillion in “missing money” that has disappeared from the federal budget since the late 1990’s.  Fitts explains, “I started to look at where all this missing money from the federal government is going, and it led me into space.  There are lots of questions.  In the last few years, the commitment by the American government, the European government and the Asian governments have become much more overt.  There is also the commitment from the private sector. . . .It’s becoming much more feasible to do manufacturing, mining and other things in space. . . . You see a lot of the corporate world lining up to do this. . . . I think that is very exciting.  At the same time, if you look at the sub-orbital platform and the orbital platform around earth is being used for control . . . and a lot of it comes down to control, control of what is going on in the planet.”

    The “rape of America” is happening with the pension funds, according to Fitts. Fitts is worried about the value of the U.S. dollar.  Fitts says, “I have never been worried about the U.S. dollar, and we have argued a lot about this, but I am now starting to get very concerned. . . . The biggest buyers of U.S. Treasuries are U.S. pensions.  Basically, the U.S. pensions are buying trillions of dollars of U.S. Treasuries, and the money goes into the government, and then the money goes out the back door.  In the meantime, the taxpayers, including those pension beneficiaries, are on the hook for those Treasuries.  So, you are giving away real money, and all you are getting is a liability. . . .So, the federal government literally becomes a laundry mechanism. . . . Now, I am seeing multiple efforts, disinformation efforts, fear porn and hope porn all pushing that it would be a good idea to dissolve the U.S. government and auction off the assets, which is the “rape of Russia” plan right here in America.  Privatization is when I transfer an asset out of government at market price.  Pirate-tization is when I transfer it out at 10 cents on the dollar.  A lot of the plans I am hearing are proposing just that. . . . Are they going to do a radical re-engineering in a way that is bad for the taxpayers?  I am seeing lots of ideas floated about partial defaults and dissolving the U.S. government and paying the debt back by auctioning all the assets.  It’s pretty scary. . . . In Russia, you had significant depopulation happen because of this.”

    read more.

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April 23, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Banks Will Modify Your Contracts During The Reset: Hyperinflation Part 2 of 4

  • ITM Trading Streamed live 2 hours ago
    Slides and Links: https://www.itmtrading.com/blog/banks…
    The Most Important Number in the World What I’m going to show you today is the most likely trigger to blow the financial system up where it is NOT repairable and how the banks have the legal right to change YOUR contracts; mortgages, auto loans etc., without your permission. The old financial system has been on life support since 2008. It is dying, frail and rigid and the central banks have used up their fiat money bazooka. Central banks are accumulating gold to protect their power… me too.

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April 21, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Biggest Event in a Generation | Jim Willie on Metals & Markets

  • SilverDoctors Published on Apr 20, 2018
    Jim Willie tells Elijah Johnson and James Anderson the launch of the gold and oil Yuan contracts is the most important financial event in a generation. The Chinese want their own place in global finance. No longer does the dollar have a monopoly on oil. “This is the end time for the Dollar’s dominance.” China is moving away from the U.S. not solely by leaving the Dollar, but also through the trade conflict. Willie predicts China will demand the Saudi’s sell oil in RMB terms. This will be a “knife in the heart of the Petrodollar.”

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April 21, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ECB Is Now Preparing All Banks For The Economic Collapse?

  • X22Report Published on Apr 19, 2018
    The house of lords or pushing to overturn the BREXIT, the central bankers will not allow the BREXIT to happen and they will used everything they have to stop it. The Canadians just broke the old record for borrowing against their homes. This is happening as home prices are declining. Real estate market is headed for a disaster. Trump and Abe agree on trade. The ECB moves to protect all banks against the economic collapse.

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April 21, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Be Prepared For The Entire System To Go Dark For 2-3 Days: Jordan Sather

April 21, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Dumping the Dollar: Iran Joins Pakistan, China & Russia to Limit Use of US Currency

  • RT Published on Apr 19, 2018
    Iran has announced it’s dumping the dollar in favour of the euro for official financial reporting. That will make it the latest nation to limit use of US money. READ MORE: https://on.rt.com/93kt

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April 20, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

RIGGING THE RATES; Libor, the Scandal That You Forgot

  • ITM Trading Streamed live 4 hours ago
    The first earning season after the tax changes is upon us. Earnings have not disappointed with many corporations posting the expected 20% earning surge YOY. But Insider selling more than doubled this past week. $370 Trillion in fiat money contracts are tied to LIBOR, which is set to die in 2021. The problem is all the contracts tied to that rate that come due AFTER 2021 and LIBOR is on the rise. Looking at the charts, Spot silver sits right on the upper trend line in a wedge formation. We may know today, if there was a breakout above the trend line. Spot gold continues to form a second cup formation inside the current long-term trend. Remember, a cup formation indicates that smart money is quietly building their position. Are you with the smart money?
http://www.forbes.com/sites/timworstall/2016/05/24/this-libor-case-is-important-it-could-bankrupt-the-worlds-16-biggest-banks/#141c97f81bfe

Click on image for article.

http://www.businessweek.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says

Click on image for article.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The US Is Being Prepared For An Economic Collapse Transition

  • X22Report Published on Apr 18, 2018
    Another dump was made in Bitcoin, this time it was 50 million worth of digital currency, this drop came one day after the third largest bicoin wallet unloaded 50 million. Trump opposes the TPP, looked at it and it will not fit into the new trade system that he is creating. IMF sounds the alarm on the global debt, if it continues this way the system will break apart. The yield curve continues to collapse. Certain shadow powers are using China to fund operations and sell secrets which manipulates the US currency. The Fed sees the writing on the wall, the tariffs will force them to raise interest rates which will push inflation.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Worldwide Debt Default | Michael Pento

  • SilverDoctors Published on Apr 19, 2018
    The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors. He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming. The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

A Reset Like in 1934 and 1980 Would Mean $21’000 Gold

  • maneco64 Published on Apr 19, 2018
    In this report I cover the early market action from London on Thursday, April 19th, 2018. I look at the precious metals, the stock market and the dollar. I also look at how the U.S. government reset the value of its gold holdings in 1934 via the Gold reserve Act and how in 1980 the U.S. government allowed the market to reset the value of gold. Interestingly I found that both times the price of gold went to levels where the U.S. gold reserves equated to around 26% of the U.S. national debt. Translating those factors to the present day by taking a snapshot of the national debt and gold holdings I arrive at a price of $21’000.

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April 20, 2018 Posted by | Economics | , , , , , | Leave a comment

The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher

  • The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher
    by https://www.silverdoctors.com/
    Lynette Zang explains how there’s already been one currency devaluation with a gold revaluation two days later, and soon it will be America’s turn. Here’s why… Lynette Zang interviewed on Reluctant Preppers:

    Are the markets set to resume their record bull climb, restoring your nest egg, or is banking risk placing your earning, savings, pensions, and home value at great risk?

    Lynette Zang, chief market strategist at ITM trading aka “Data Gal,” uses the banks’ own charts and published figures to lay out the facts do you can decide what’s really going on, and take necessary measures to protect your family’s wealth and well being!

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment