Socio-Economics History Blog

Socio-Economics & History Commentary

William Engdahl: Why Dollar Hegemony May Be Nearing Its End

  • Jay Taylor Media Published on Feb 14, 2018
    William Engdahl discusses the rising economic status of China, Russia, India and other “rogue” nations and why they are now a threat to the U.S. dollar.


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

China Yuan Crude Oil Market Opens March 26! Will China Destroy the PETRODOLLAR?

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

The Agenda Is Set, The Dollar Will Begin To Lose It’s World Dominance

  • X22Report Published on Feb 16, 2018
    Global trade wars have begun. Tariffs are being considered, Trump will make the decision by April 11. The last time the American public was so confident the stock market crashed. This is when the central bankers make their move, when everyone feels good and the illusion takes hold they bring the whole thing down. China is ready and prepared to go live with their petro yuan futures. This is to challenge the petro dollar. Is this the end of the petro dollar, yes but it has nothing to do with the petro yuan. Be prepared the central bankers are getting ready to bring down the economy.


February 17, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

US Pacific Command Admiral Ready for War with China, But Hopes It Won’t Happen

US-Pentagram message to China from the USS Stennis armada in the South China Sea: “Stop militarizing the South China Sea. Stop your military activities in the South China Sea. You are destabilizing Asia!” – Ironic propaganda!
USS Stennis Aircraft Carrier.

  • US Pacific Command Admiral Ready for War with China, But Hopes It Won’t Happen
    The next US ambassador to Australia and the current Pacific Command (PACOM) Admiral Harry Harris addressed Congress with a hardline proposal to deter China’s growing influence in the Asia-Pacific region.

    In his speech, Harris commended regional non-NATO ally Australia for its role as a hub for PACOM’s military prowess in the Pacific Ocean. “Australia is one of the keys to a rules-based international order,” he asserted, signalling that the country would play an increasing part in America’s new doctrine.

    “China’s ongoing military buildup, advancement, and modernization are core elements of their strategy to supplant the U.S. as the security partner of choice for countries in the Indo-Pacific, but China also holds clear global ambitions,” Harris continued.

    “At the end of the day the ability to wage war is important or you become a paper tiger. [We will] cooperate where we can, but remain ready to confront where we must,”
     he remarked. “I’m hopeful that it won’t come to a conflict with China, but we must all be prepared for that if it should come to that.”

    However, Harris’ rhetoric may not be so well-received, as Canberra’s interests remain intrinsically linked to the Chinese.

    “[We] have a staunch, strong ally in Washington, a good friend in Washington, and we have a very good friend in Beijing,”
     Australian prime minister Malcolm Turnbull stated in a joint press conference with his Chinese counterpart back in March last year.

    read more.


February 17, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

Global Trade Wars Begin: Ross Recommends Major Tariffs On Steel, Aluminum Focusing On China, Russia

  • Global Trade Wars Begin: Ross Recommends Major Tariffs On Steel, Aluminum Focusing On China, Russia
    by Tyler Durden,
    Update 3:
    As previewed earlier, at noon on Friday the commerce department released reports on the U.S. Department of Commerce’s investigations into the impact on our national security from imports of steel mill products and from imports of wrought and unwrought aluminum. These investigations were carried out under Section 232 of the Trade Expansion Act of 1962, as amended. All classified and business confidential information in the reports was redacted before the release.

    Specifically, the department, found that the quantities and circumstances of steel and aluminum imports “threaten to impair the national security,” as defined by Section 232.

    “I am glad that we were able to provide this analysis and these recommendations to the President,” 
    said Secretary Ross. “I look forward to his decision on any potential course of action.”

    Others were less sanguine. A former senior government trade official quoted by Axios, said that without major exemptions, these recommendations would represent: “[T]he opening shot in a trade war… a declaration of war against the world on aluminum and steel… These are some of our closest treaty allies… These are some serious numbers.”

    read more.


February 17, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Admiral Warns US Must Prepare For Possible War With China

  • Admiral Warns US Must Prepare For Possible War With China
    by Tyler Durden,
    While we await the latest details on the ongoing trade war between the US and China, currently focusing on escalating steel and aluminum tariffs and China’s reciprocal response could be, the threat of a real war is looming.

    Speaking to Congress, the navy admiral nominated to be the next US ambassador to Australia said that America must prepare for the possibility of war with China, and added that the US relies on Australia to help uphold the international rules-based system in the Asia-Pacific.

    In an excoriating assessment of China’s increasingly muscular posture in the region – which some say is merely a response to similar, long-running posturing by the US in the region – Admiral Harry Harris said Beijing’s “intent is crystal clear” to dominate the South China Sea and that its military might could soon rival American power “across almost every domain” according to the Guardian.

    read more.

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February 17, 2018 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

It’s Not China That Is Dumping US Treasurys, It’s Japan

  • It’s Not China That Is Dumping US Treasurys, It’s Japan
    by Tyler Durden,
    Recent concerns about a liquidation by China of its US Treasury holdings appear to have been greatly exaggerated because according to the latest TIC data released at 4pm on Thursday, in December, China not only added $8.3 Billion to its holdings, bringing the total to $1184.9BN, or about $26 billion more than a year ago, but for the full year 2017, China added the most Treasury holdings going back seven years.

    But while China appears content with its US paper inventory, it was the second largest foreign US creditor, Japan, that has been liquidating in recent months, and in December, Japan sold $22.6 billion in TSYs, bringing its total to $1,061.5BN, the lowest total since the start of 2012.

    read more.


February 16, 2018 Posted by | Economics | , , , | Leave a comment

The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency — James Rickards

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Click on image to goto article.

February 16, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente Talks Key Trends with Lynette Zang

  • ITM Trading Streamed live 7 hours ago
    In this edition of Coffee with Lynette she interviews Gerald Celente, who developed the Globalnomic® methodology to identify, track, forecast and manage trends, is a political atheist.


February 16, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

UK Sending Warship to Challenge China at South China Sea

Britain’s HMS Sutherland, an anti-submarine frigate, will sail through the South China Sea next month to assert maritime freedom of navigation rights. (Photo by British Royal Navy)

  • UK Sending Warship to Challenge China at South China Sea
    Britain plans to sail a warship to the South China Sea next month at a time of rising tensions between China and the United States, a move likely to anger Beijing.

    British Defense Secretary Gavin Williamson told The Australian newspaper on Tuesday HMS Sutherland, a Type 23 frigate, will travel through the key trading lane after concluding a visit to Australia.

    If Britain went ahead with its plan, it would become what is believed to be only the second country after the United States to assert what it calls freedom of navigation rights in waters, which China controls.

    Beijing has, on different occasions, asserted its sovereignty over nearly all of the South China Sea, which serves as a crossing for more $ 5 trillion worth of maritime trade annually. The sea is also claimed in part by the Philippines, Brunei, Vietnam, Malaysia and Taiwan.

    The US has accused China of implementing what it calls a land reclamation program in the South China Sea by building artificial islands in the disputed areas.

    However, Beijing has maintained that Washington meddles in the regional issues and deliberately stirs up tensions in the contested waters.

    Williamson told The Australian that the United Kingdom supports “the US approach on this, we very much support what the US has been doing.” “She’ll (Sutherland) be sailing through the South China Sea and making it clear our navy has a right to do that,” he stated.

    “World dynamics are shifting so greatly. The US can only concentrate on so many things at once. The US is looking for other countries to do more. This is a great opportunity for the UK and Australia to do more, to exercise leadership.”

    read more.


February 14, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

US to Send 1,000s of Extra Marines to East Asia to Counter China – Report


  • US to Send 1,000s of Extra Marines to East Asia to Counter China – Report
    The Pentagon reportedly plans a “major muscle movement” from the Middle East to East China, with thousands of extra Marines to be deployed. The goal is to “persuade Pacific nations to stand with the US” and not China.

    According to a Wall Street Journal report, the US plans to boost its military presence in the East Pacific with rotating deployment of Marine Expeditionary Units, or MEUs. An MEU is a group of about 2,200 Marines who operate from amphibious assault ships and have their own aircraft, tanks, heavy weapons, and other resources. A typical deployment lasts for seven months and may involve missions on the shore like patrols or military-to-military training.

    The report, citing military officials, does not say how many MEUs will be sent to the region. The US already has about 50,000 service members in Japan, almost 30,000 in South Korea, and 7,000 more in Guam.

    In a related move, the Pentagon will expand the number of Marines deployed in Darwin, Australia. At the moment, 1,250 troops are stationed there in rotating training assignments lasting six months each year. The WSJ said it was not yet clear how large the number of additional troops in Australia will be.

    read more.


February 13, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Good Guys Are Preparing America For A Major Economic Transition: Bix Weir

February 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

New Date Set For Launch Of Petro-Yuan (Oil-For-Yuan Contract)

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  • New Date Set For Launch Of Petro-Yuan (Oil-For-Yuan Contract)
    Could we finally see the much anticipated launch of the oil-for-yuan contract?. According to this official source, that would be a “yes”… News is coming in today of a launch date for the long anticipated oil-for-yuan contract. Here’s more from Reuters (bold added for emphasis):

    BEIJING (Reuters) – China plans to launch its long-awaited crude oil futures contract on March 26, the country’s securities regulator said on Friday, a move that could potentially shake up pricing of the world’s largest commodity market.

    Chang Depeng, a spokesman for the China Securities Regulatory Commission (CSRC)
    , gave the launch date at a regular briefing in Beijing, confirming what two sources familiar with the situation told Reuters earlier on Friday.

    The launch will mark the culmination of a years-long push by China to create Asia’s first oil futures benchmark, and is aimed at giving the world’s biggest oil importer more clout in pricing crude sold to Asia.

    It will potentially give the Shanghai International Energy Exchange (INE), which will operate the new contract, a share of the trillions of dollars each year in oil futures trading. The Shanghai Futures Exchange (ShFE) and INE, which is part of the ShFE, declined to comment.

    Asia has become the world’s biggest oil consuming region, and China hopes its own derivative crude contract will better reflect market conditions in the region.

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February 10, 2018 Posted by | Economics | , , | 1 Comment

Jim Willie: Dollar Rejection, Gold Trade Notes, Cryptos … Bond Market Storm

  • Jim Willie, GoldenJackAss
    February 5th:  a wide variety of topics were covered within the diverse financial system, with a firm attempt to integrate the many concepts, platforms, and events within the crypto currency and blockchain arena, but with emphasis given by the Jackass to the primary event of today being the death march of the King Dollar and the sunset of the Petro-Dollar system


February 9, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

The US Dollar Has Been Rejected Globally, People Will Be Ruined: Rob Kirby

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