Socio-Economics History Blog

Socio-Economics & History Commentary

This Is All A Game,It’s Meant To Divide Us,We Need To Come Together Before It’s To Late: G. Mannarino

December 8, 2018 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

US, Europe, China, Russia & Others Prepare For The Transition, Tick Tock

  • X22Report Published on Dec 7, 2018
    Job growth slows, wage growth misses, the number of people out of the workforce is at 1976 lows. House flipping is at an all time low, this is an indicator that the housing market is slowing down. Trump indicates that the negotiations are going well with China. Manufacturing increases but we need about 5 million more manufacturing jobs to get us back to 1979 levels. The Fed is slowly raising rates to crash the economy, part of the plan. Countries are preparing to make a move away from the the central bank dollar.


December 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

230 Indictments Aimed at Congress, Deep State Take Down: Robert David Steele

  • Sarah Westall Published on Dec 5, 2018
    Robert David Steele rejoins the program to discuss the latest on the fight against the deep state. He shares his views on President Donald Trump’s progress in cleaning the swamp and how the deep state is destroying our country. He also shares his views on the coup that is currently being forged in France and why it reflects the ongoing rage that is swelling in Europe. You can see more of Robert David Steele on his multiple websites:


December 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Alex Jones Full Show: The Planetary Deep State Is Engineering The Collapse Of All Life On Earth

Click on image to goto video.

  • InfoWars – Alex Jones Channel Published: 6 Dec 2018
    Investors are on edge after the DOW fell over 1,400 points in just two days. Also, the arrest of a Chinese CFO has allegedly complicated U.S.-China trade relations. Furthermore, Dutch police arrested a local “yellow vests” leader ahead of the weekend’s populist protests against political correctness and open border policies. Joining today’s show is the producer of Next News Network Gary Franchi sharing his cutting-edge channel to thwart Big Tech censorship. Call and tune in now!


December 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Who Benefits from the Chaos of the Global Financial System?

  • Who Benefits from the Chaos of the Global Financial System?
    Ever wonder what happened to the stable system of fixed exchange rates FDR created after the war? Who dismantled it, and why? What would it take to rebuild a system of stable monetary agreements that would foster economic growth worldwide?

December 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Massive Drawdown of Physical Metal | Rob Kirby

  • Reluctant Preppers Published on Dec 6, 2018
    When proprietary ​analyst of precious metals and former credit derivatives trader Rob Kirby informs us that an epic amount of physical precious metals was just withdrawn and memory-holed using off-market transactions, we sit up and take notice. The adage to “ignore their words and follow the money” leads us into a piercing expose of the Comex as an “operational crime scene,” the G20 summit as a sign of the breakup of nationalists vs. globalists, the government imposed hikes on oil & gas in France and the leading edge of hyperinflation contagion, and the Deutchebank investigation as a wedge between the US and the EU.


December 8, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Cracks Appearing…Next Crisis Will Be Worse | Chris Martenson

  • SilverDoctors Published on Dec 4, 2018
    Bubbles burst from the “outside in,” Chris Martenson says. And that’s what we’re seeing right now. Cracks are appearing on the outside. Many junk rated debt and periphery country’s stock markets are in bear markets. Watch out for the crisis to seek into the bigger sectors. The economy cannot grow exponentially in a finite world. An infinite model cannot run on a finite sphere. By 2020 – 2022, a major energy crisis will hit in oil, Martenson says. How can we move out of the current infinite growth financial paradigm? Stay tuned to find out!


December 6, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

William Black: Deutsche Bank Crime Weakens Global Financial System Can Cause Next Global Crisis

  • William Black: Deutsche Bank Crime Weakens Global Financial System Can Cause Next Global Crisis
    by Greg Hunter’s (Early Sunday Release)
    The International Monetary Fund (IMF) has deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends, “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This is quite a statement because VW is such a massive fraud. . . .It is insane that we allow Deutsche Bank to go from fraud to fraud to fraud. . . .They cheat on everything else you can possibly imagine and, typically, they are getting caught, which is also not a very good sign in terms of their competence even as thieves. Even in the United States, there has been reluctance to crack down on Deutsche Bank. . . . When the New York Commissioner tried to crack down, the Office of the Comptroller of the Currency, the premier banking regulator, actually sought to impede that. He disparaged the New York folks and said there really wasn’t that big of problems and such, and all of that proved to be lies.”

    Deutsche Bank was raided by German regulators last week on more allegations of fraud and money laundering.

    DB is the epitome of “Too Big To Fail.” So, it will never be allowed to fail, and regulators will not be allowed to regulate them properly. Professor Black says, “Why you should care is Deutsche Bank impedes effective regulation everywhere and because God only knows the next thing they are going to do. This is going to continue until something dramatic changes. Eventually, they can cause the next crisis. . . .There will be a bailout in these circumstances, but that could help trigger another economic crisis. When the largest bank in the third largest economy in the world is completely dysfunctional, then the German economy is more likely to go into recession as well. That is one of the potential sources of the next recession, and you can see lots of people warning that there are signs that a serious recession is pretty likely relatively soon. Relatively could be two years.”

    read more.


December 3, 2018 Posted by | Economics | , , , , | Leave a comment


  • ITM Trading Streamed live on Nov 28, 2018
    As the derivative triggered financial crisis unfolded, in 2008 all IBORs failed as market liquidity evaporated and banks stopped lending to each other. In addition, global governments and central bankers now knew that banks, unwilling to assume that risk, would stop providing the markets which this benchmark rate during the next crisis, jeopardizing the valuations of over $300 trillion in fiat market contracts. This is why new interest rate benchmarks are required. There is no choice. This is why it’s so important to have a plan. Those in the know do, they buy physical gold. That’s part of my plan too.


December 1, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Bill Holter: Mad Max World Possible as Unpayable Debt Bubble Pops — There is Going to be a Reset

  • Bill Holter: Mad Max World Possible as Unpayable Debt Bubble Pops
    by Greg Hunter’s
    Financial writer and precious metals expert Bill Holter has been asking the same question many others have been asking. How long can the heavily indebted and manipulated global economy go before it blows or can it go on indefinitely? Holter says, “It can’t keep going because it’s already stopped. The inflection point has already been hit. If you look at credit growth, it’s not credit growth. It’s either credit stagnation or credit contraction. The global financial system is a Ponzi scheme. In order to continue to reflate it, you have to have . . . exponentially more debt. That’s where we’ve been, and now we are at the point of debt saturation. There is really no ability to add more debt. Look at the U.S. for example. The U.S. pays $300 billion to $400 billion a year going all the way back to the 1990’s. That number never went higher, even though the amount of debt doubled and then doubled again. The reason it didn’t go higher is they pushed interest rates from 7% down to basically zero percent. So, the debt service amount never grew, and now it’s growing, and it’s growing at a time when the U.S. has basically already crossed the banana republic threshold of 100% debt to GDP. In the past 12 months, we spent $550 billion in interest, and it’s on its way to the moon.”

    So, what are people going to do in a world of “exponential debt”? Holter says, “Gold and silver have no liability. They have no liability whatsoever. They are pure monetary assets. There is no currency anywhere in the world that is backed directly by anything except the full faith and credit of the central banks. That’s the key. The world is awash in credit and awash in liabilities, and as this thing bursts, and it’s bursting right now right before your very eyes, and you are seeing it in the stock markets and bigger in the credit markets, when this thing bursts, people are going to scramble to get out from under liability. There’s only one way to do that . . . when credit begins to evaporate, then the cover over gold and silver is going to be lifted.”

    There is going to be a reset of this unpayable debt, and Holter says, “It’s going to happen, and I hope for not a very long period of time. I am hoping it’s just a two week or four week event where the system goes down and goes back up. If I am wrong, then you are looking at a Mad Max world. . . . Basically, nothing works. Your electricity doesn’t work. Your car may or may not work. We may have an EMP or it will work until you run out of gas. When credit breaks down, then distribution breaks down. If credit doesn’t come back up, then distribution is gone. That means every Walmart, every grocery store is empty. Basically, you are on your own.”

    In closing, Holter warns, “The balloon has already been popped. The pin has popped the bubble, and now we are just going to work its way out. The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat.”


November 29, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

RECESSION to RESET: What Happens Next? Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live 5 hours ago
    Question 1. Richard M: In terms of inflation, what are the positive differences if only one currency existed instead of all?
    Question 2. Stephanos R: All I hear and about is that the bond yield will invert and when it does a recession is looming. Can this be manipulated and how?
    Question 3. Bobby B: In your opinion, in a monetary reset situation, what will happen to the credit as we know it today. Will all credit die? Even those with excellent credit?
    Question 4. Vince P: If the SDR is adopted, will America lose all control over its USD exchange rate? If so, that total control is exactly what the international banksters seek?
    Question 5. JR Ewing: What is understood by a collectible coin? Is for example a 1000 limited strike proof coin considered a collectible?


November 28, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Russia-Led Eurasian Union Notches Up Major Success in Dumping Dollar in Favor of National Currencies

  • Russia-Led Eurasian Union notches up Major Success in Dumping Dollar in Favor of National Currencies
    Member states of the Eurasian Economic Union (EEU) increased the share settlements in local currencies to 70 percent in the first half of 2018, First Deputy Chief of the Russian Government Staff Sergey Prikhodko said on Tuesday.

    “In the first six months of the current year, the share of settlements in national currencies between the members of the EEU exceeded 70 percent,”
     he said prior to a visit by Russian Prime Minister Dmitry Medvedev.

    “The further growth of the figure will be achieved via ensuring macroeconomic and financial stability, creating of a common financial market, and harmonization of legislative control over the financial sector,”
     Prikhodko added.

    According to the top official, the bulk of the settlements in local currencies accounts for trade with Russia and is implemented via rubles. Opportunities for increasing the share of such settlements mainly depend on developing trade ties between the member countries of the alliance, he said.

    The EEU is not the only alliance of countries willing to replace the US dollar with alternative currencies in trade. Earlier this year, the BRICS group (Brazil, Russia, India, China and South Africa) of emerging economies took steps towards increasing settlements in local currencies to avoid using the greenback.

    Countries like China, Russia, Iran, Iraq, Venezuela and others are also planning to substitute the US national currency in oil trade amid deliberate policy of sanctions implemented by Washington over recent years.

    The meeting of the Eurasian Intergovernmental Council is kicking off in the Belarusian capital of Minsk. The agenda of the meeting includes digital technology, cooperation in trade, industry and agriculture, energy, economic and financial policies. Participants are also set to discuss the formation of a common gas market for the union, the draft concept of the common financial market, along with other issues of supranational regulation.

    Officially launched in 2015, the EEU currently includes five member states – Russia, Belarus, Armenia, Kazakhstan, Kyrgyzstan and Moldova as an observer state. Tajikistan, Uzbekistan, Mongolia, Turkmenistan, Iran, Turkey, Syria and Tunisia are reportedly planning to join the union.


November 28, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Dave Janda: President Trump to Oversee US Bankruptcy

  • Silver Bullion Published on Nov 25, 2018
    SBTV spoke with Dr Dave Janda, host of the Operation Freedom radio show, about how freedom in the United States has changed over the years and why he believes President Trump is here to oversee the bankruptcy of the country. Discussed in this interview:

    04:08 Relationship between Big Government & Big Business.
    09:40 Doctors are burning out at record numbers.
    13:25 The US is becoming more fascist?
    14:21 Socialist when government gets involved in healthcare?
    15:01 US debt is unsolvable.
    19:53 Trump to oversee bankruptcy of the US
    23:25 Is the next market crash imminent?
    28:28 Government to confiscate IRAs & 401k?


November 28, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Catherine Austin Fitts: Government Taking Massive Amounts of Money Dark

  • Catherine Austin Fitts: Government Taking Massive Amounts of Money Dark
    by Greg Hunter’s (Early Sunday Release)
    Financial expert Catherine Austin Fitts has said for years that the economy was not going to crash, but be on a “slow burn.” How long can they make this heavily indebted game last? Fitts says, “Our problem as investors is we don’t know. If you look at all the information we need to make an intelligent assessment, we don’t have access to that information. I have said many times this is a military question. Who has the biggest weapons and who has the ability to deliver force and control? So, we are living with maximum uncertainty. . . . Clearly, we are headed into a new currency world that’s part of a new control system, but the answer is we don’t know when. My fear with many, many commentators is they are underestimating the power and endurance of the system. I am always getting yelled at because people think I am pro-empire. I am not saying I am pro-empire or I am for the things they are doing to keep it going.”

    Fits adds that things are so uncertain that “the old system could go five years or five months.”

    On introducing a new dollar, Fitts says, “Even if they do introduce a dollar backed by gold, it’s going to start off with a small market share. They are very unlikely to do a big bang thing. These guys are prototypers.”

    There is no doubt wealthy people around the world are buying gold. Why? Fitts says, “The reality is . . . in the worst case scenario, gold is a store of value because it is respected globally as a currency or money without the backing of a sovereign government. What is the global currency that has backing without a sovereign government, and gold and silver are one of the few. I think it is one of the reasons I think wealthy people need to have a store of value for the worst case. It is central bank insurance. A core position in gold is not an investment, it is central bank insurance. . . . We continue to see people have a core position in precious metals for the worst case.”

    What is the worst case scenario? Fitts says, “The worst case scenario is we are dealing with very serious geophysical risk. Throughout history, we have had things like Noah and the flood where civilization has almost gotten wiped out. . . . There have been radical changes in policy to coalesce huge amounts of money under central control and do secret projects. Why? What is that about? . . . . I don’t know how the governance system on planet earth works. I don’t know why the government is shifting massive amounts of money out of the U.S. government and out of the U.S. economy and taking it dark.”

    read more.


November 26, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Gold To Reassert Itself As Money | Alasdair MacLeod

  • Published on Nov 23, 2018
    The coming credit crisis will be the catalyst for China to adopt gold into their monetary system, says Alasdair MacLeod of Gold Money. The coming credit crisis will hurt China’s economy the worst, MacLeod says. He proposes that China should issue a perpetual bond. The coupon on that bond would be payable in Yuan or gold at the users choice. If this were to happen, it would undermine the Dollar and send gold higher. Why does MacLeod believe China is headed toward a gold standard? He gives many reasons including: China has been acquiring gold, is the largest gold miner in the world, doesn’t allow gold to leave, and has the biggest physical gold delivery market.


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