Socio-Economics History Blog

Socio-Economics & History Commentary

Russia Ditching US Dollar to Counter New Sanctions

  • Published on Aug 7, 2017
    Russia says it is speeding up efforts to reduce its dependency on the US dollar and the American payment system. Russian Deputy Foreign Minister Sergei Ryabkov has described the move as a way to counter Washington’s new sanctions against Moscow. According to Ryabkov, it is urgent to switch the settling currency from the US dollar to a substitute one. The decision comes less than a week after President Donald Trump signed into law a new sanctions bill that targeted Russia’s energy sector. In retaliation, the Kremlin told the White House to reduce the number of its diplomats to 455. Russia has already tried to build an alternative to the US-dominated World Bank by creating a new reserve fund in cooperation with Brazil, India, China and South Africa.


August 8, 2017 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

BRICS Countries Strike Fatal Blow on US Dollar Supremacy

  • BRICS Countries Strike Fatal Blow on US Dollar Supremacy
    by Aydin Mehtiyev,
    The United States has declared a war of sanctions on Russia and continues putting trade pressure on China. It is not ruled out that the USA will restrict supplies of steel products from China. In return, Moscow and Beijing intend to abolish the US dollar in mutual settlements within the scope of the BRICS organization. The move will mark the end of the era of the undivided financial domination of the United States of America in the world.

    As soon as the US Congress adopted a package of new sanctions against Russia, Deputy Foreign Minister of the Russian Federation Sergei Ryabkov issued a formidable warning to Washington. “US sanctions against Russia will only encourage Russia to create an alternative economic system, in which dollars will not be needed,” the Russian diplomat said.

    Interestingly, the statement was made on the eve of the two-day summit of BRICS trade ministers, which opened on August 1, 2017 in Shanghai. This organization, which includes Brazil, Russia, India, China and South Africa, becomes a powerful counterweight to the Group of Seven.

    Today, the BRICS countries account for 26% of the Earth’s territory, 42% of the world’s population (almost three billion people) and 27% of world GDP. According to experts’ forecasts, the share of BRICS countries will account for more than 40% of world GDP by 2050.

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August 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

  • Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade
    by Tyler Durden,
    The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.

    According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.

    According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.

    The new central bank office was opened at a time when Russia is preparing to issue its first federal loan bonds denominated in Chinese yuan. Officials from China’s central bank and financial regulatory commissions attended the ceremony at the Russian embassy in Beijing, which was set up in October 1959 in the heyday of Sino-Soviet relations. Financial regulators from the two countries agreed last May to issue home currency-denominated bonds in each other’s markets, a move that was widely viewed as intended to eventually test the global reserve status of the US dollar.

    “We discussed the question of trade in gold. BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets,” First Deputy Governor of the Russian Central Bank Sergey Shvetsov told Russia’s TASS news agency.

    In other words, China and Russia are shifting away from dollar-based trade, to commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard, one shared between Russia and China, and which may day backstop their respective currencies. 

    Meanwhile, the price of gold continues to reflect none of these potentially tectonic strategic shifts, just as China – which has been the biggest accumulator of gold in recent years – likes it.

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April 3, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off on Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard

Remember the Golden Rule: “He who has the gold Rules!”

  • Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard
    by Dave Kranzler,
    “If one can only see value in paper currency terms, one cannot see value at all”

    Hugo Salinas Price – website link – posted a couple of comments on Stewart Dougherty’s guest post earlier this week. I concluded that his insights needed to be shared on the front of this blog and he gave me permission to edit them together to make them easier to read for everyone.  “I know my comment was complex but I wanted to condense the thoughts I have developed over three decades:”

    I would like to take this chance to share a few of my thoughts on this. To me it is pretty clear that the American gold is encumbered. Not because of the usual reasons found on the web but because America defaulted on its gold under the Nixon administration. There are still, many foreign claims on that gold.  If America starts to use that gold officially, the gold vultures, like the bond vulture funds, will be out en masse and with force.  So it is in America’s best interest to ignore that gold – and gold in general.

    The world has (finally) realized that a country with the reserve currency is not something a country should want and that the dollar can fail. The danger is that it will fail to soon. That is why the euro was created for example. The currencies from the individual countries were all issued from the US treasury.  Meaning that if the dollar went the way of the dodo, the European currencies would die with it. Enter the euro, issued from gold [the euro was originally partially backed by gold].  The gold held by the ECB is priced on a mark to market basis. You can check the website of the ECB, its number one asset is listed as gold and, sadly, gold receivables [meaning that gold is leased out].  Most of the Eurasian landmass followed this initiative [pricing Central Bank gold on a mark to market basis] – for instance, the BRICS countries.  All that is needed a rebalancing of the gold holdings of major countries. Enter China. They had way too little gold and way too many dollars. But last year they also started to mark their gold holdings to market.

    Seems to me the world is ready to hyperinflate into gold.  After all, all currencies have already hyperinflated in the financial world.  When the run on real things happens, as a system operator, you don’t want that since a functioning printing press is worth way more than gold. So you want to guide the hyperinflation into a useless metal and use this gold to help equalize the tradeflows. They cannot implement a global political & economic system when things are unstable because it will fail again and soon.  Just as all reserve currencies did since late 1400.  If I were in the position of the globalists, I would aim for the Roman model. Split the money concept. Currency for spending and settling debts but use gold and silver as a final debt extinguisher.  This would function to prevent the kind of mess the EU countries are now  in. The debts of the south are the assets of the North. This is a recipe for disaster.

    Let me elaborate on why I think that the world is ready to hyperinflate in gold terms. The Western public will not hold an asset that goes nowhere, at least in currency terms. The public in the East were never fooled that way. Some  – I think rightly – joke “if one can only see value in paper currency terms, one cannot see value at all”.  I also think gold is wealth and not money. Gold has always been funny in that way. So many people worldwide think of it as money even though its supply tends to dry up as the price rises.

    read more.

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March 13, 2017 Posted by | Economics | , , , , , , , , , , | Comments Off on Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard

Jim Willie: The Gold Standard Is Emerging!

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • Jim Willie: The Gold Standard Is Emerging!
    The Chinese Are Putting in Place a Link Between Oil and Gold.   The Petro-Dollar has almost completely vanished. The Gold Standard is Emerging…

    By Hat Trick Letter Editor Jim Willie, GoldenJackass:
    The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade Note will be easy, once the pieces are aligned and in place. This new note for usage in secure trade settlement is in the inception process. It will be structured within existing trading vehicles and platforms.

    The Russians and Chinese appear to be forming the basis for the payment vehicle within the oil trade. Consider it as a formal reflection of the Iran-India gold for oil trade.

    Bilateral Oil for RMB Sale + Shanghai Gold Exchange = Gold Trade Note

    This triangle is precisely what China and Russia are doing now.
    Russian oil & gas is being sold for Chinese Yuan, and then Yuan is traded for Gold at the Shanghai Gold Exchange. The trade is not complex at all. Oil for RMB for Gold, creating a transaction payment in gold terms. The part unclear is posted margin to confirm and seal the transaction. The immediate implication is that the Chinese RMB will have a quasi-gold link. The original model used might have been the Iranian oil sales to India, with payment completed using Turkish gold. Such gold for oil trade appears to have been commonly executed from 2006 to 2010, and likely beyond that date.

    The Jackass has been expecting that the Gold Trade Note would be structured in a clever way, using swap contracts in major global commerce. It might be taking form in the triangle cited as the working template. Oil is the biggest commercial trade item. Soon comes the RMB-based contract for crude oil, traded in Shanghai. It will surely cause big waves, a major disruptive event.

    In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The United States Govt cannot continue on numerous glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time to take steps toward the return of the Gold Standard.

    The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports.

    The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States.

    Any new currency, even with gold backing, would be subjected to a series of devaluations due to the enormous trade deficit. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder.

    However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off. During the crisis that comes, the gold price will find its true proper value between $5000 and $10,000 per ounce.

    Then later, it goes higher, as it seeks equilibrium in a new world where gold serves as the global arbiter in trade and banking and currencies.

    read more.


February 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: The Gold Standard Is Emerging!

Is a War in the Making — A Third World War? Instigated by a Declining Imperial Power

WW3 is near?

WW3 is near?

  • Is a War in the Making — A Third World War? Instigated by a Declining Imperial Power
    by Chandra Muzaffar,  
    Is a war in the making — a third world war?
    If there is much talk about such a possibility, it is mainly because of the tensions between the United States and Russia. Tensions between the two most powerful nuclear states in the world have never been this high since the end of the Cold War in 1989 and the demise of the Soviet Union in 1991.

    There are at least two flash points, one more dangerous than the other. In Eastern Ukraine, Russian backed rebels will not surrender to the US supported regime in Kiev because they see US control over Ukraine as part of a much larger agenda to expand NATO power to the very borders of Russia. This has been happening for some years now.

    But it is the Washington-Moscow confrontation in Allepo, Syria which portends to a huge conflagration. The US is protective of major militant groups such as Al-Nusra which has besieged Eastern Allepo  and is seeking to overthrow the Bashar al-Assad government. Washington has also set its sight on ‘regime change’ in Damascus ever since the latter’s determined resistance to Israeli occupation of the strategic Golan Heights in Syria from 1967 onwards. The drive for regime change intensified with the US-Israeli quest for a “new Middle East” following the Anglo-American invasion and occupation of Iraq in 2003. It became more pronounced in 2009 when Bashar al-Assad rejected a proposal to allow a gas pipe-line from Qatar to Europe to pass through his country, a pipe-line which would have reduced Europe’s dependence upon Russia for gas. Russia of course has been a long-standing ally of Syria. Together with Iran and the Lebanese Hezbollah, it is helping the Syrian government to break the siege of Eastern Allepo and to defeat militants in other parts of Syria.

    It is obvious that in both instances, in Ukraine and Syria, the US has not been able to achieve what it wants. The US has also been stymied in Southeast Asia where its attempt to re-assert its power through its 2010 ‘Pivot to Asia’ policy has suffered a serious setback as a result of the decision of the new president  of the Philippines, Rodrigo Duterte, to pursue an independent foreign policy that no longer adheres blindly to US interests. At the same time, China continues to expand and enhance its economic strength in Asia and the world through its One Belt One Road (OBOR) projects and the Asia Infrastructure Investment Bank (AIIB) and via its leadership of BRICS. China’s regional and global economic role is leading to its pronounced presence in security and military matters. As a result of all this, the US’s imperial power has clearly diminished. It is a hegemon in decline.

    read more.


November 2, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , | 2 Comments

Jim Willie Sounds the Alarm: UNPRECEDENTED US BOND DUMPING – Dollar Collapse Ahead!

  • Published on Oct 31, 2016 
    Jim Willie editor of the Hat Trick letter found on joins Silver Doctors to sound the alarm foreign governments are getting concerned about the Federal Reserve devaluing the U.S. dollar. As a result, foreign governments are dumping U.S. debt at an unprecedented rate. Regarding the U.S. presidential election, Willie says the polls and voting machines are rigged. However, Willie remains hopeful that after the election we will be released from this “fascist dictatorship.” Stay tuned to hear Jim Willie answer viewers questions!


November 1, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

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

  • Published on Sep 9, 2016

    – 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 


September 10, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Bill Holter: Economic World War III & $50,000 Gold

Jim Willie: Silver Byproduct Supply Problems Could Mean 5 Fold Gains in Silver?

  • Published on Jun 14, 2016
    Jason Burack of Wall St for Main St interviewed returning guest, editor of the Hat Trick Letter at Golden Jackass, Jim Willie.During this hour+ long interview, Jason asks Jim questions about the global economy and markets including:

    1) Former Goldman Sachs alumni and current Minneapolis Federal Reserve Bank President recently said in public that the Federal Reserve serves Main St. Do you agree with him?
    2) Will the powerful politicians and bureaucrats running the EU allow Brexit to occur?

    Look inside the ECB’s asset buying (manipulation) program (of propaganda)… 

    3) Do you think the economic and political elites were meeting at the recent Bilderberg meeting to discuss how to implement fully digital currencies and a cashless society on a global scale?
    4) Do you think the US wants a new president in place in Brazil to allow US oil companies to buy up assets from PetroBras as Petrobras faces financial problems from low oil prices and too much debt? Are the Chinese also planning how to get involved in this with strategic investments into mining and oil in Brazil? 
    5) China is now issuing RMB bonds from it’s BRICs bank and Asian Infrastructure Investment Bank. In your opinion what does this mean for the global financial system and the Petro Dollar?
    6) Bloomberg recently ran an article saying that the Chinese want to have more control over how all commodities are priced since China is the largest buyer of many commodities. Do you think China is doing a step by step process to castrate the LBMA and the COMEX? 
    7) Do you think there’s a manipulation tug of war in the oil market between Russia/Saudis who want the higher cost producers all bankrupt while Wall St banks want to move oil prices higher to avoid declaring tens of billions in bad oil loans?


June 15, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Silver Byproduct Supply Problems Could Mean 5 Fold Gains in Silver?

Jim Willie: GOLD 2016 — Will China Send Gold Prices Into The Stratosphere?

    June 7th:  topics covered are economic & financial war against Russia and other enemy states who dislike continued usage of the USDollar, attack of Brazil and BRICS nations, some games possibly on the British Exit (BREXIT) vote, the abandonment sabotage theft of Saudi wealth, the other motive in USB & CS Swiss bank stories, paths for the USDollar before its replacement like a second Plaza Accord, the trapped corner for the USFed which dispenses lies, why 0% goes forever and why QE  goes to infinity even though USTreasury Bond cracks are showing, Deutsche Bank as fuse for banking system failures, the constant war posture by the USGovt with certain war pockets, USMilitary lost superiority, high level negotiations to create USD-Gold pricing for handling trade settlement, and more on precious metals prices since the Shanghai mid-April date.


June 9, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: GOLD 2016 — Will China Send Gold Prices Into The Stratosphere?

The Warsaw Summit Prepares for War, It’s Time to Leave NATO Now!

WW3 is near?

WW3 is near?

  • The Warsaw Summit Prepares for War, It’s Time to Leave NATO Now!
    The following appeal is being circulated internationally, including on the websites of the international LaRouche movement.  

    The upcoming NATO summit in Warsaw on July 8-9, is expected to be yet another provocation against Russia. By signing this call, we say “stop” this nuclear escalation, before the irreparable occurs! 

    The hour is grave. A new missile crisis is building, in a mirror image of that which led the Soviet Union in 1962 to deploy nuclear warheads in Cuba, at the doorstep of the United States. Today, the situation is the reverse. At the time, NATO was fighting the Warsaw Pact, today, it is organizing a summit in Warsaw! 

    We the undersigned observe that NATO is carrying out a provocative policy of “encirclement”: 

    1. The continuous eastward expansion of NATO towards the borders of Russia, despite the guarantees given by the West to Gorbachov in 1989 that this would not happen; 
    2. The deployment of the Aegis anti-missile defense system in Romania, Poland, Turkey and Spain. These weapons, equipped with MK41 launchers, can be used for defensive missions (air, land, sea), but also for offensive attacks with nuclear weapons; 
    3. The planned permanent rotational deployment in the Baltic States, Poland and Romania, of four battalions of 1,000 troops each, and heavy military equipment;
    4. The creation of a “Nordic Front” against Russia, comprised of an alliance of NATO members Denmark, Iceland and Norway, and of NATO’s “Partnership for Peace” (Sweden and Finland); 
    5. The modernization of nuclear weapons, in particular the B61-12 bomb and the Long Range Standoff (LRSO) Cruise Missiles, based in Germany. U.S. Senator Dianne Feinstein said of these weapons: “The so-called improvements to this weapon seemed to be designed… to make it more usable, to help us fight and win a limited nuclear war.” 

    To put an end to this threat, we demand: 

    1. that our government adopt a policy of the “empty chair” (boycott) at the next NATO summit in Warsaw; 
    2. that our government announce its intention to leave NATO which no longer has any “raison d’être”. 

    To escape the current countdown to nuclear war, we also call on our government to create without delay the conditions for a new global peace and security architecture, based on the win-win cooperation proposed by the BRICS, cooperation which Europe and the United States, in their own interests, should join in. 

    The vast efforts we deployed in the 20th Century for war, must be mobilized today for peace and mutual development!

    goto to sign petition.


June 6, 2016 Posted by | GeoPolitics | , , , , , , , , | Comments Off on The Warsaw Summit Prepares for War, It’s Time to Leave NATO Now!

Middle East And OPEC Nations May Be the First to Bring a Return to Gold Standard

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • Middle East And OPEC Nations May Be the First to Bring a Return to Gold Standard
    by Kenneth Schortgen Jr,  
    With China, Russia, and the BRICS nations all accumulating vast physical gold reserves over the past four years, there has been a great deal of speculation on whether this coalition, or an individual from the five nation economic pact, would choose to one day backstop their currency with their metal holdings. And the creation of the AIIB, CIPS, and Shanghai Gold Exchange (SGE) by China has done little to deter this belief. 

    But a new economic bloc may be planning a return to a gold standard even sooner than the BRICS, and the idea is coming from a sect of people that are nearly two billion strong under the banner of Islam.

    On May 3 the World Gold Council (WGC), together with Kuala Lumpur-based Amanie Advisors, have begun planning the implementation of a gold standard under Sharia Finance, and to create a mechanism for the usage of gold in financial and investment transactions for Islamic financial institutions and participants.

    London-headquartered World Gold Council (WGC), together with Kuala Lumpur-based Amanie Advisors, an independent advisory firm on Shariah investments and the Accounting and Auditing Organisation for Islamic Financial Institutions in Bahrain, now have been developing a “Shariah Standard on Gold” which aims at “providing guidance from the Shariah perspective on the usage of gold in financial and investment transactions for Islamic financial institutions and participants,” as WGC head Natalie Dempster puts it.

    The standard also aims to increase transparency and harmonisation of the use of gold investments and reduce unclear specifications on what’s haram and what’s halal in trading the metal.Gulf Times 

    Last month, the largest oil producer in OPEC hinted at the need to create a new financial project that would allow Saudi Arabia to wean itself off of energy production as being their primary source of revenue and income. And with OPEC countries like Nigeria and Iran already selling their oil in currencies other than the dollar, this initiative, along with a move back towards gold money, may be a necessary step in filling the void of the dying petrodollar standard that has controlled global economy for over 40 years.

    China, Russia, and now Islam are all pushing hard for a return to gold as money rather than simply a commodity, and a return to asset based finance after years of purely fiat currencies. And the likelihood of a return to the gold standard in some form is becoming more and more an inevitability now that the leaders of an entire bloc of people who encompass over 25% of the global population is close to making gold a religious mandate.

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May 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Comments Off on Middle East And OPEC Nations May Be the First to Bring a Return to Gold Standard

Paul Craig Roberts: World War III Has Begun

WW3 is near?

WW3 is near?

  • Paul Craig Roberts: World War III Has Begun
    The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being destabilized with fabricated political scandals. Both countries are rife with Washington-financed politicians and Non-Governmental Organizations (NGOs). Washington concocts a scandal, sends its political agents into action demanding action against the government and its NGOs into the streets in protests.

    Washington tried this against China with the orchestrated Hong Kong “student protest.” Washington hoped that the protest would spread into China, but the scheme failed. Washington tried this against Russia with the orchestrated protests against Putin’s reelection and failed again.

    To destablilze Russia, Washington needs a firmer hold inside Russia. In order to gain a firmer hold, Washington worked with the New York mega-banks and the Saudis to drive down the oil price from over $100 per barrel to $30. This has put pressure on Russian finances and the ruble. In response to Russia’s budgetary needs, Washington’s allies inside Russia are pushing President Putin to privatize important Russian economic sectors in order to raise foreign capital to cover the budget deficit and support the ruble. If Putin gives in, important Russian assets will move from Russian control to Washington’s control.

    In my opinion, those who are pushing privatization are either traitors or completely stupid. Whichever it is, they are a danger to Russia’s independence.

    Eric Draitser provides some details of Washington’s assault on Russia: 

    of Washington’s attack on South Africa: 

    and of Washington’s attack on Brazil: 

    For my column on Washington’s attack on Latin American independence, see: 

    As I have often pointed out, the neoconservatives have been driven insane by their arrogance and hubris. In their pursuit of American hegemony over the world, they have cast aside all caution in their determination to destabilize Russia and China.

    By implementing neoliberal economic policies urged on them by their economists trained in the Western neoliberal tradition, the Russian and Chinese governments are setting themselves up for Washington. By swallowing the “globalism” line, using the US dollar, participating in the Western payments system, opening themselves to destabilization by foreign capital inflows and outflows, hosting American banks, and permitting foreign ownership, the Russian and Chinese governments have made themselves ripe for destabilization.

    If Russia and China do not disengage from the Western system and exile their neoliberal economists, they will have to go to war in order to defend their sovereignty.

    read more.


April 28, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Paul Craig Roberts: World War III Has Begun

New Report Shows The US Is Preparing For Mass Civil Disobedience

  • Published on Apr 22, 2016
    Denver is now placing military style arm guards in public schools to brainwash the students into believing they need to be protecting by the government. EU wants single click spying capabilities. Washington is now launching attacks on the BRICS countries. US wants a permanent brigade in Europe. Propaganda of Russia mounting a spring offensive in Ukraine is growing, which means the US is ready now. Obama says no ground troops in Libya which means there will be ground troops but they will call them advisers. Syria peace deal continues to breakdown. New report shows governments around the world are preparing for mass riots and are purchasing riot gear in mass quantity.


April 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on New Report Shows The US Is Preparing For Mass Civil Disobedience

James Rickards: Secret ‘Shanghai Accord’ (Feb 2016) Kills USDollar And Crowns SDR As World Currency

Click on image to listen to download MP3 file of interview.

Click on image to listen to download MP3 file of interview.

  • James Rickards: Secret ‘Shanghai Accord’ Kills USDollar And Crowns SDR
    (TRUNEWS) James Rickards says a secret deal has been struck to kill the US dollar, and replace it with a world currency called special drawing rights (SDR).

    Rickards made this statement in an exclusive interview Thursday with Rick Wiles of TRUNEWS while explaining that during a secret meeting in Feb. — being dubbed the “Shanghai accord” — the world’s central bankers decided the IMF’s SDR will replace the USD as the world’s reserve currency.

    James Rickards is an internationally renowned global macroeconomist, the author of the bestseller “Currency Wars: The Making of the Next Global Crisis”, and currently serves as the capital markets advisor to the Director of National Intelligence and the Office of the Secretary of Defense.

    In the interview Rickards said:

    * A secret meeting occurred in Shanghai on Feb. 26th between Janet Yellen (US Fed), Christine Lagarde (IMF head), Mario Draghi (ECB head), Jack Lew (U.S. Secretary of the Treasury), and all their central bank and finance ministry counterparts from Japan, China, Brazil, Russia, India, and South Africa.
    * During this meeting, a deal was struck — which he has named the Shanghai Accord — because of its similarities to the famous Plaza Accord of 1985, which was the last major central banker backed operation to detonate the US dollar.
    * Keep eyes on upcoming central bankers meeting in Washington D.C. on April 13.
    * A minimum of 10% assets in physical gold ownership is a great hedge against these emerging currency wars.
    * Major US dollar devaluation will cause significant inflation for average Americans because of their dependency on imported goods.
    * The IMF has begun enacting a 10-year plan, starting in 2010, for SDR’s to replace the US dollar as the main world reserve currency. A crisis could greatly accelerate this plan, which is published publicly — but hidden in economic jargon — on the IMF’s official website.
    * In Dec. 2015 Republican House Speaker Paul Ryan secretly red stamped a provision in the omnibus budget deal which gave China more voting power in the IMF.
    * The IMF votes were given in exchange for China’s support in allowing the SDR to be used as a global bail out fund in the next financial crisis.
    * More negative interest rates to come across the globe.
    * Central banks will eventually succeed in eliminating cash.
    * When economic collapse comes, there will be “money riots”, people will burn down banks, governments will respond with a neo-fascist police state and martial law.

Click on image for article.

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April 13, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment