Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Qatar and Middle East Update

www.goldenjackass.com

Click on image to play interview MP3 file!

  • Friday 6/23/2017 – Jim Willie & Unique Lee –
    by https://ochelli.com/

    Hour one Jim Willie of Golden Jackass.com
    Tells Us “This is what WE DO”! regarding the
    United States tactics to destroy it’s clients when
    they no Longer Serve Purposes ,
    Qatar and Saudi Arabia , Iran Etc Etc. and
    Currencies will fall and rise , but not for the
    reasons you’ve been told.
    Unique Lee in hour 2 closes the week by
    helping chuck sort through the matrix ,
    7 Days in may , and any other predictive ,
    or pre-emptive programming the media might
    offer. http://mind.co/uniquelee

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June 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: Iran War, Oil or Tech Could Sink the Economy

  • War & Financial Calamity Two Biggest Trends – Gerald Celente
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Top trends forecaster Gerald Celente thinks of all the things he studies, war and financial calamity are the two biggest trends he sees. The big game changer in the geopolitical global landscape is war coming from the Middle East.  Celente explains, “It’s the war against Iran.  That’s the way we see it, and we recently did a trend alert on it.  The Iran war will be World War III.  It will also probably be the war to end all wars and a good part of civilization if it happens.  These are the Persians, and they are not going anywhere.”


    Celente contends oil will be at the center of the conflict and points out, “Three years ago almost to the date, June of 2014 a barrel of oil was selling for $115, today around $45 a barrel. There is going to be economic turmoil throughout the Middle East.  I always say when all else fails, they take you to war.  You see the war between Yemen and Saudi Arabia, it’s going to blow into Saudi Arabia. . . . So, when we are looking at the Middle East, it’s really Iran.  They are shooting down Iranian planes and shooting down Iranian drones.  Iran is the bottom line in this. . . . So, we see these tensions really building up, and it’s going to be Iran.  If Iran and anybody goes to war, the Russians and the Chinese take the Iranian side, and Europe and the United States take the other side.”

    In the coming financial calamity trend, look no further than financially strapped Illinois that is so broke it is no longer allowed to sell Powerball lottery tickets. Illinois is insolvent and cannot pay its bills.  It has hundreds of billions of dollars in bond debt and pension obligations and no way to pay them. Celente says, “All it will do is screw the people.  That’s all it will do.  This is like austerity measures in other countries.  That means they are going to rob you of your pensions, your benefits, raise your taxes, and they will increase your retirement age until after you die.  So, what they will do is keep the Ponzi scheme going. . . . There are two different worlds.  The people’s lives can continue to decline.  That we are seeing with the wage data.  Obama bragged, folks I created 10 million jobs.  According to the Harvard/Princeton study, 94% are temporary work.   So, you can see all these collapses going on, but they will keep the Ponzi scheme going.  So, we will have a decline, in absence of a wild card, and we see a 10% correction in the market. If we have terror strikes or other wild cards, it’s going to be a crash because it’s all being held up by lies and dirty deals for the very rich.”

    read more.

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June 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Two Italian Zombie Banks Toppled Friday Night

  • Two Italian Zombie Banks Toppled Friday Night
    by , http://wolfstreet.com/
    ECB shuts down Veneto Banca and Banca Popolare di Vicenza.
    When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!


    It’s over for the two banks that have been prominent zombies in the Italian banking crisis: Veneto Banca and Banca Popolare di Vicenza, in northeastern Italy.

    The banks have combined assets of €60 billion, a good part of which are toxic and no one wanted to touch them. They already received a bailout but more would have been required, and given the uncertainty and the messiness of their books, nothing was forthcoming, and the ECB which regulates them lost its patience.

    In a tersely worded statement, the ECB’s office of Banking Supervision ordered the banks to be wound up because they “were failing or likely to fail as the two banks repeatedly breached supervisory capital requirements.”

    “Failing or likely to fail” is the key phrase that banking supervisors use for banks that “should be put in resolution or wound up under normal insolvency proceedings,” the statement said. This is the first Italian bank liquidation under Europe’s new Single Resolution Mechanism Regulation. The ECB explained:

    read more.

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June 26, 2017 Posted by | Economics | , , , , | Leave a comment

What Can We Expect From The Economy? Another Recession? – Bill Holter Interview

  • Published on Jun 23, 2017
    http://crushthestreet.com 
    Bill Holter of JSmineset.com is with us to give us his insights on the current situation in the markets, we cover the importance of investing in Precious Metals and the Central Banks desperate attempts to manipulate and control the Precious Metals markets. TOPICS IN THIS INTERVIEW:


    01:45 The current outlook on Gold and Silver
    02:55 Can we expect another recession?
    06:00 Who is being scooped by the Yield Curve?
    07:45 How much longer can Central Banks supress Gold and Silver?
    10:20 Crypto Currencies surge gives glimpse to the future of Precious Metals Markets?
    15:35 Central Banks control the debt in a failing Economy!
    19:30 How to find out more from JSmineset

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June 24, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

John Embry Reveals: The Gold Cartel May Be Trying to Reverse Their Positions

June 24, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The FedRes Is Now Preparing For The Next Economic Crisis, Here’s How

  • Published on Jun 22, 2017 
    Sears Canada decided to announce that it will be declaring bankruptcy, approximately 3000 people will lose their jobs. Warren Buffett steps in and purchases Home Capital Group, big surprise since they were on the verge of collapsing. Junk bonds are signalling the great debt binge is now coming to an end. The Fed announced that will start to unwind its balance sheet, why now? The obvious reason is that the bubbles are at the top, its time to unload and prepare for the next economic crisis.

http://www.wnd.com/2008/03/59405/

Click on image for article.

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June 23, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

The Trump Era And The Outlook On Gold’s Performance – Bill Holter Interview

  • Published on Jun 18, 2017
    Bill Holter from JSmineset.com is here to give us and in-depth analysis on the current outlook on the Gold markets and the Trump era, we also discuss the relationship between Bitcoin and Gold and the best techniques to preserve your wealth. Importantly covered today is the possibility of a system shut down and what to expect if the Banks and Government go into a situation where public servants cannot be paid for work.


    TOPICS IN THIS INTERVIEW:
    01:50 The Trump era and Gold’s outlook
    05:40 Bitcoin’s a rival to Gold or an ally?
    07:20 Millennials a threat to the centralized establishment
    13:20 Can the President defeat the Deep State?
    17:05 How you should secure your wealth safely?
    21:20 FED Hike and China
    25:50 Credit shuts down the system could crash!

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June 23, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

The Battle Between The Empire Deep State & The Pilgrims Is Being Waged In The US: Cynthia McKinney

https://socioecohistory.wordpress.com/2014/02/03/john-f-kennedy-we-are-opposed-around-the-world-by-a-monolithic-and-ruthless-conspiracy-secret-societies-rule-the-world/

June 22, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

Crisis On The Horizon: Will It Be Economic Collapse? Global Civil Unrest? War? We Won’t Have To Guess Much Longer …

  • Crisis On The Horizon: Will It Be Economic Collapse? Global Civil Unrest? War? We Won’t Have To Guess Much Longer …
    by Jeremiah Johnson, June 20th, 2017, SHTFplan.com
    “Never let a crisis go to waste.” -Rahm Emmanuel
    The algorithm is simple: Governments coerce their pet monkeys to pay taxes into the system – the self-perpetuating machine – and thereby the monkeys become the very sources of funding to build, equip, staff, and enforce their own incarceration.


    There are too many individuals with dreams, plans, goals, and ambitions for themselves and their families.  There is too much individualism.  It eventually must be crushed, in order to maintain the existing social, political, religious, and economic order.  The order will eventually blend all of the elements and “homogenize” them to assure mutual self-support for the overall goal: the supremacy of the State and the subjugation of the masses.

    The paradigm shift is from the rugged individual raising a family of self-supporting and producing citizens that contribute to their government to the collective, where the individual is a number and controlled/controllable in every aspect.  The family has been divided to not think for the family and to be in awe and obedience to the State.  The end-state is this phrase:

    “I am the State; the State is all.”
    – The words of Quarlo in the episode “Soldier,” (The Outer Limits)

    We are seeing the transformation occur before our eyes.  We are also seeing the “justification” for such control in the form of a rise in various stages of actions labeled either as “civil unrest” or “terrorism” by the governments.  It was just announced on by Gateway Pundit in an article entitled Macron Hopes to Put France in a Permanent State of Emergencyvia a bill that will make it a law of the land.  Hello?

    The United States did that with the NDAA and the EO’s that recertified the continuous succession of “states of emergency,” and added to that by making (labeling under color of law) the whole world a “battlefield” in the “war on terror.”  The UK is “toying” with the idea of imposing Martial Law indefinitely upon Britain in wake of the “terrorist” bombings…the ones that coincided so nicely with Teresa May’s calling for an election…one that backfired on her.
    – 
    read more.

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June 22, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Danielle DiMartino Booth: Gold Could Take Off Like a Hockey Stick

  • Danielle DiMartino Booth: Gold Could Take Off Like a Hockey Stick
    by Greg Hunter’s USAWatchdog.com 
    Financial expert and former top Federal Reserve insider Danielle DiMartino Booth says the latest Fed rate hike is nothing less than an attempt to make life worse for President Trump. DiMartino Booth explains, “They are trying to do the opposite of what they did a year ago because the people who occupy the White House have changed.  That’s the only feasible answer I can come up with to explain the Fed tightening into a weakening economy.  Their own metrics don’t lie.  Nonfarm payroll growth has slowed appreciably over the last 12 months, and their favorite inflation metric is back below 2%.  These are the rules they have made up, not me.  They (the Fed) are making policies against their own rules, and there has to be a reason for it.”


    DiMartino Booth wrote a popular book called “Fed Up” that reveals the Fed’s manipulation of the financial markets and says flat out, “The Federal Reserve is bad for America.” DiMartino Booth says massive manipulation is the only way you can explain rising federal debt and stagnate or falling interest rates on the 10-year Treasury bond.  DiMartino Booth contends, “The only way you can fabricate the surreal balance between growing debt and falling interest rates is to manipulate that. . . . These are central bankers gone wild. . . . In 2008 and 2009, the credit markets were closer to $200 trillion in size.  Today the credit markets are closer to $300 trillion in size, and we still can’t say what and where the next systemic risk lies.”

    On gold, DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . . . If there is any slowing in the global economy, then the safe haven will not necessarily be U.S. Treasuries.  The ultimate safe haven is gold.”

    DiMartino Booth says it’s unlikely the Fed can fix the economy the next time it gets into trouble. DiMartino Booth says, “If you tack on slowing auto sales . . . we’re talking about a third of manufacturing jobs in this country . . . manufacturing is still big enough at the margin to lead the economy down. . . . When you aggregate the bloodletting in brick and mortar retail, what’s coming up in restaurants, what auto dealerships are looking to do with the land under their dealerships . . . you add all this up together and there is a perfect storm in this country for commercial real estate, that is highly overvalued, and throw in a black swan or two geopolitically and you could have a confluence of factors that the Fed could not fight.”

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June 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Are Central Banks Getting Ready to Crash the System Again?

  • Are Central Banks Getting Ready to Crash the System Again?
    by Phoenix Capital, http://www.zerohedge.com/
    While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT up.(chart top of post)

    Wait, it gets worse. The Citi Surprise Index has collapsed to levels not seen since 2011.

    read more.

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June 21, 2017 Posted by | Economics | , , , , , , , | Leave a comment

The Qatar Blockade, Petro-Yuan & Coming War on Iran

  • The Qatar Blockade, Petro-Yuan & Coming War on Iran
    by Dan Glazebrook, https://www.rt.com/op-edge/
    Qatar hasn’t been playing ball with the US-approved, Saudi-led ‘isolate Iran’ program. Partly because Doha has made independence from Riyadh a hallmark of its foreign policy, but mostly because Qatar and Iran share the world’s largest natural gas field.

    US President Donald Trump’s speech to the assembled Gulf leaders in Saudi Arabia on May 21 is worth reading in full. It is deeply disturbing.

    Having praised himself for his $110 billion arms deal with the Saudis, he goes on to talk about the threat posed by terrorism, and what a wonderful job the US and the Gulfies – that is, the leading state sponsor of the region’s supremacist death squads and its assembled proxies – are doing in combating it. He then goes on to claim that at the root of the region’s terrorism lurks… guess who? The power leading the regional pushback against Islamic State (IS, formerly ISIS) and Al-Qaeda: Iran.

    Starving terrorists of their territory, their funding, and the false allure of their craven ideology, will be the basis for defeating them,” he says. “But no discussion of stamping out this threat would be complete without mentioning the government that gives terrorists all three — safe harbor, financial backing and the social standing needed for recruitment.

    This is pretty much exactly how Joe Biden – in his own attempt to whitewash US involvement – described Trump’s Saudi hosts three years earlier. But Trump is not talking about IS’s Saudi backers; he is talking about Iran – the same Iran responsible, with its Syrian and Russian allies, for that fact that the IS flag is not today flying over Damascus.

    read more.

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June 20, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Massive Government Preparations and Stockpiling Point To One Thing: “An Event Is Going To Happen”

https://www.amazon.com/Illuminati-collapse-Apocalypse-apocalypse-illuminati-ebook/dp/B0174RTILI

Click on image to goto Amazon.

  • Massive Government Preparations and Stockpiling Point To One Thing: “An Event Is Going To Happen”
    by Jeremiah Johnson, http://www.shtfplan.com/
    The question is subtly Malthusian in nature: how to deal with the world’s teeming billions in one fell swoop while maintaining the existing social and political orders in all of the countries?  That order needs only to have one facade now: as Draconian an order that can be accomplished without throwing the world into a revolution against every government in existence.  The Draconian nature is as follows: CCTV cameras monitoring and cross-referencing every purchase, every bank withdrawal or deposit, every movement, and every social engagement.  The Draconian nature is one of continuous monitoring, with a rise in prices and a steadily-declining world economy, as natural resources are quietly siphoned off by the politicos and the oligarchs to stockpile for their use when the plug is pulled.

    As much Draconian repression and control under a “soft” police state with continuous monitoring…while those in power lay the groundwork to collapse the system and kill off most of the world’s population…while they remain safe, and in power.

    The question of the existing social and political order being maintained is being addressed in all of the countries of the world.  In the 1990’s the oligarchs rose to power after the Soviet Union’s collapse: since Putin came to power, the oligarchs who delved in politics against the wishes of the Politburo were crushed.  Those who knuckled under were given a slice of the pie with impunity and the “sign off” of the politicos, and are “big” today, even with partial or complete nationalization of their private industries.

    In the United States, we have seen a great deal of stockpiling by the government agencies and the administration under Obama.  Secret warehouses in undisclosed locations have been filled with medical supplies stockpiled across the country in the event of a catastrophe.  Cheyenne Mountain as a fallback command and control center has been reopened once again.  Extensive networks of tunnels and bunkers have been constructed in, around, and leading to Denver, Colorado with secret deliveries night and day for more than eight years.

    Billions of rounds of ammunition have been ordered and purchased by the DHS and all of the other alphabet agencies, including the U.S. Postal Service (which does have a role to play in COG and post-war “reconstruction”).  Emergency drills, to include catastrophic plague and nuclear war/terrorism have been gamed extensively over the past several years.  All of these things…the stockpiling of food and supplies, and the preparations for some massive event point to one thing: an event is (eventually) going to happen.

    We have the “flash points” around the world, in North Korea, in Syria, in Ukraine, and with the second Cold War that is forming between the U.S. and Russia.  Those flash points are artificially created.  We have some that are artificially created that can be blamed upon nature, such as the Ebola Virus and the looming disaster of Fukushima.  War is the easiest way to bring it all about, plain and simple.  Vladimir Putin just recently announced that a nuclear war between Russia and the United States would leave the world destroyed with no winners.

    Not so: The governments and their elites of politics and business win in the end.

    read more.

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June 19, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

Michael Pento: Federal Reserve Is Hiking Interest Rates into a Depression

  • Published on Jun 17, 2017
    Jason Burack of Wall St for Main St interviewed returning guest, author and President & Founder of Pento Portfolio Strategies http://www.pentoport.com/, Michael Pento.


    Michael’s book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market is available here on Amazon https://www.amazon.com/The-Coming-Bon… or on Audible audio book.

    Michael is a follower of the Austrian School of Economics or free market school of economics and he’s also worked in the financial industry for many years as a trader and Chief Economist.

    Due to technical problems with Skype and scheduling conflicts this interview was originally recorded on Tuesday, the call was dropped after about 14 minutes and a continuation of the interview (after the Fed’s decision to hike rates another 25 basis points later in the week) has not been able to be rescheduled yet.

    During this shortened interview, Michael talks about the Federal Reserve ignoring reality, looking at phony jobs numbers and continuing to hike interest rates into a worsening depression.

    Michael thinks the bond bear market may temporarily get a relief rally if the stock market crashes in the near future as capital temporarily goes into US Dollars and US Treasuries for liquidity purposes but a long term bear market in bonds has only just started.

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June 19, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

This EXACT Same Thing Happened Before the LEHMAN Crisis! Global Economy Collapsing!

June 19, 2017 Posted by | Economics | , , , , | Leave a comment