Socio-Economics History Blog

Socio-Economics & History Commentary

The Central Bankers Are Going To Shutoff The Spigot And The Economy Will Rollover: Charles Hugh Smith

Charles_Lindberg_on_FedRes

Louis_McFadden_1929_Stock_Market_Crash_International_Bankers

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

Click on image for article.

The Satanic capstone on your dollar bill ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with 'peace' in a world wrecked by global wars. Revelation 6!

The Satanic capstone on your dollar bill ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with ‘peace’ in a world wrecked by global wars. Revelation 6!

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January 23, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Is This The End of TTIP? Trump REMOVES Deal with European Union from White House Website

http://www.express.co.uk/news/world/729746/Donald-Trump-TTP-trade-deal-Florida-US-election-2016

Donald Trump will end the TPP(TTP) and TTIP deals. These Illuminist contracts are for the establishment of a fascist world government where corporations over rule governments and national sovereignties. Click on image for article.

  • The Donald is not backing down in his attacks on Globalism and Global Warming both euphemisms, scams for World Government by the Illuminati.
  • Is This The End of TTIP? Trump REMOVES Deal with European Union from White House Website
    by KATIE MANSFIELD, http://www.express.co.uk/
    THE future of the controversial Transatlantic Trade and Investment Partnership (TTIP) between the US and EU has been thrown into doubt, hours after Donald Trump was sworn in as President.

    Negotiations on the trade deal started in February 2014 but talks came to a standstill under . During the election campaign said he would bin the beleaguered deal and it appears just hours into his presidency he has kept his promise. TTIP is no longer featured on the White House website as the President wipes out Mr Obama’s legacy. 

    The move will be a blow to chiefs who hoped to remove trade barriers between the bloc and Washington. A number of TTIP talks had already been held in secret under the Obama administration but it appears the hours of diplomacy and negotiation may have gone to waste.

    Mr Obama and Angela Merkel both pushed for the deal, with the German Chancellor saying the agreement was “absolutely in Europe’s interests”. Mr Trump, a critic of multilateral trade deals, has also already announced plans to withdraw from the Trans-Pacific Partnership on his first day in office.

    As well as deleting TTIP, references to Obamacare have also been scrapped alongside references to the LGBT movement and climate change. In its place, the Trump administration is instead plugging its America First policies before the president even sets foot in the White House in his new role. 

    read more.

https://twitter.com/realDonaldTrump/status/428416406280241153

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

Trump And A New Gold-Backed Dollar?

trump-gold

  • Trump And A New Gold-Backed Dollar
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/
    On August 15, 1971, President Nixon killed the last remnants of the gold standard. Since then, the dollar has been a pure fiat currency, allowing the Fed to print as many dollars as it pleases.

    Removing the US dollar’s last link to gold eliminated the main motivation for foreign countries to store large dollar reserves and to use the dollar for international trade. 

    At this point, demand for dollars was set to fall… along with the dollar’s purchasing power. So the US government concocted a new arrangement to give foreign countries another compelling reason to hold and use the dollar. The new arrangement, called the petrodollar system, preserved the dollar’s special status as the world’s reserve currency.

    The death of the petrodollar system is my No. 1 black swan event for 2017.
    It raises the question: What will fill the void when the petrodollar inevitably dies? When that happens—and it may be imminent—something has to replace it. I think there are only two options.


    Naturally, the global elite want to centralize more power into global institutions. In this case, that means the International Monetary Fund (IMF). The IMF issues a type of international currency called the “Special Drawing Right,” or SDR.

    The SDR is nothing new. The globalists have been slowly building it up since 1969. In the near future, it could be used as the premier international currency—the role the dollar has played since the end of World War 2.

    The SDR is simply a basket of other fiat currencies. The US dollar makes up 42%, the euro 31%, the Chinese renminbi 11%, the Japanese yen 8%, and the British pound 8%. It’s a fiat currency based on other fiat currencies… a floating abstraction based on other floating abstractions.The SDR is not based on sound economics or the interests of the common man. It’s just another cockamamie invention of the economic witch doctors in academia and government. The SDR is dangerous. It gives the government—in this case, a global government—more power. It’s a bridge to a powerful global monetary authority, and eventually a global currency.

    The breakdown of the petrodollar is the perfect excuse for the globalists to usher in their SDR solution. So that’s the first option. It’s the global elites’ preferred outcome. It would be a very bad thing for personal and economic freedom. It means more fiat currency, more centralization, and less freedom for the individual.

    The second option is to simply return to gold as the premier international money. Here’s how it could happen… 

    Trump might play along with the globalists’ schemes, but I doubt it. He’s the first president who’s openly and sincerely hostile toward globalism. He’s denounced it repeatedly. Trump recently said, “We will no longer surrender this country, or its people, to the false song of globalism.”

    In my view, there’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing. Trump has said favorable things about gold in the past. So have some of his advisers. It wouldn’t be easy. He’d face one hell of a struggle with the globalists. And winning would be far from certain.

    read more.

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

The Globalists Failed At Destroying The American Dream

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

Nomi Prins: Financial Crash Possible in Last Quarter of 2017

  • Nomi Prins: Financial Crash Possible in Last Quarter of 2017
    by Greg Hunter’s USAWatchdog.com
    Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its old and potentially new structure and potential new political leadership. I think that is a major wild card now. That snakes through Russia, and that snakes through Eurasia relationships, and that relates back to Trump. The wild card is the linkages among those things.”


    Prins, who is a former top Wall Street banker, also thinks it’s hard to define the bad guys and the good guys. Prins contends, “From an economic standpoint, everyone has side deals. So, there is no positive or negative economy. . . . All countries do good things, and all countries do bad things. What is happening right now is all of the alignments between countries have been changing. . . . The reality is there are going to be a lot of things renegotiated, and it’s not just Trump and the U.S. doing the renegotiating. All the other countries are negotiating as well. If there is enough antagonism with how Trump is going to renegotiate those agreements . . . that could limit trade into the U.S., and that could limit our bargaining power. . . . That is all in flux this year.”

    Prins correctly predicted no financial crash for 2016. Prins’ upcoming book is titled “Artisans of Money.” It is all about central bank money creation. What does Prins say about this year? Prins predicts, “In 2016, I pegged the non-crash. . . . Central bankers were finding new ways to extend their money creation policies. That is what kept the markets up. There was a separate bid on the markets after Trump was elected. It was on the expectation that he would be good for growth, that he would be good for infrastructure and that he would create jobs. I do think there is a little juice in the central banks. I keep thinking there shouldn’t be, but they keep surprising all of us with their ability to boost the markets. They have artificially stimulated so many different asset bubbles, whether it’s debt, which is epic, or stock markets, many of which are at historic highs. If we have a crash, it will be in the second half of 2017. The promises, the rate hikes, the dollar being high could collapse into the realities of the stability and this artificialness. I am not sure about a crash this year, but if we see a big decline, it will be in the last quarter.”

    On the U.S. dollar, Prins says, “I think with the expectation of things going well, the dollar will be keeping a bit of a bid. It will be within a range but staying fairly up. I think the dollar will turn around and weaken in the second half of the year. . . .That’s why, in the last half of the year, gold will catch more of a bid.” (Meaning prices for gold will rise according to Prins.)

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January 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!

  • Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!
    by , https://www.milesfranklin.com/
    It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself.  The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and Euro currency as we know it.  Which, seven months later, appears more certain than ever – and perhaps, if this year’s Dutch, French, German, Italian, and Catalonian elections and legislative actions trend in the direction I anticipate, imminent.  Which I assure you, last night’s news will only hasten further.


    Moreover, it’s equally rare to see so many of my predictions borne out in real time; let alone, as today’s events were catalyzed by none other than Donald Trump himself, the most anti-establishment politician ever elected to a major Western political office.  To that end, I have written more of Donald Trump than any single person in my five-and-a-half years at Miles Franklin – who last night, confirmed why back in September I predicted a Trump victory would be the political, economic, and monetary equivalent of a “BrExit times ten.”  To the point that, at one of his rallies mere weeks before the election, he actually utilized that very term.

    In fact, in the past week alone, I vehemently espoused my views of why his Presidency, as initially opined in “BrExit times ten,” would be the best imaginable scenario for Precious Metal investors.   First, I taped the “Death of Trump-Flation” Audioblog on Wednesday – discussing my belief that few of his campaign promises were politically and economically viable; and fewer still, a net positive for America in the first place.  Which in reality, was a “sequel” of the “turning on Trump” Audioblog I taped in November, mere days after the election.  When, in the afterglow of having successfully avoided the election of the Wicked Witch of the West(ern Hemisphere) as President, I focused on the economic reality of what a Trump Presidency actually meant.

    Thus, when Trump “shocked the world” last night by claiming the dollar is “too strong”; and to boot, slamming the Republicans’ “border adjustment tax” proposal, in lieu of the hard-coated import tariffs he favors, he for all intents and purposes took the aforementioned “final currency war” thermonuclear; in the process, putting the gold Cartel on notice that his policies will unquestionably yield a dramatic surge in physical Precious Metal demand – particularly, here in America, where even the most die-hard, Keynesian-brainwashed investors will be forced to realize the dollar’s purchasing power is about  to be significantly devalued.  Not that it hasn’t already, of course.  However, in the past, such inflation occurred in a more “frog in a boiling pot” fashion, as markets were manipulated to deflect attention from the Fed’s dollar-destroying policies, whilst the “strong dollar policy” and other anti-gold propaganda was relentlessly spewed by the cast of Atlas Shrugged cartoon characters running the government, Central banks, and major financial institutions to keep investors away from the “barbarous relic” that is gold.

    Well, care of the “loose cannon” himself, the gold Cartel – and the entire world political, financial, and monetary order – has been “put on notice” that the U.S. no longer intends to even pretend it has a “strong dollar policy”; and to the contrary, may well devolve into the same, overt currency depreciation policies made famous by the Japanese; Europeans; Chinese; and heck, every Central bank.  This, at a time when the global “war on cash” is exploding; and the inexorable Bitcoin emergence is making a clear statement that the world’s populace no longer believes “money” is what it once was.  In other words, as I wrote last week, the death throes of “money” are becoming eminently visible – making it more and more likely that the inevitable “run” from worthless fiat; and into “priceless” Precious Metals”; is rapidly approaching – like a runaway train, careening down an icy hill with no breaks.

    read more.
9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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January 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Establishment Wants To Remain In Power & They Will Do Anything To Keep It: David Robertson

January 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Charles Nenner 2017 Prediction: Global War Cycle Coming into Danger Zone

  • Charles Nenner 2017 Prediction: Global War Cycle Coming into Danger Zone
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Renowned financial and geopolitical analyst Charles Nenner correctly predicted there would be no market crash in 2016. 2017 is going to be a very different story.  Nenner explains, “There are going to be some serious corrections and some bounces.  I don’t thing we are going anywhere until the fall of 2017 when the whole bottom is going to fall out.  If you are a very good stock picker, you’ll be okay, but I am talking about the indices (overall financial markets).  It continues to be dangerous, and most of the good news is already in this rally.  The hope that Trump will do the right thing is still there, but it will take too long.  People will realize it is not going to happen tomorrow, and they will get disappointed.  So, I am still not very much into the stock market.  I don’t think there is much to gain over there.  I have been saying that for the next couple of years, try not to lose your money.  That’s the major thing you should be doing.”


    On the election of Donald Trump, Nenner says, “More than half of Americans supported Trump, but everybody is afraid to say so. I always thought Trump would change the whole thing.   I think things will also change in the Middle East.  I do think he much better understands Putin than Obama and the Democrats.  I think he will be tough, and his toughness may lead to a better situation with world peace, although the cycles are against him.  I actually feel sorry for him because if this market crashes, then maybe he can say, like Obama, it was Bush who did it.  He might be able to say it’s only been one year as President, and it’s Obama’s fault.  Maybe that’s how he can get out of it.  I think it was Obama that said for eight years it was Bush’s fault.”

    On his big prediction of a coming war cycle, Nenner says, “I have always said I feel sorry for whoever is going to President now because we have negative cycles, and things usually don’t work out very well. I think the United States will be much better off with a different wind blowing in Congress and in the White House.”

    The most disturbing thing Nenner sees coming is a major world war on the scale of WWI and WWII. Nenner explains, “In my research of financial markets, we also did research on war cycles.  It’s about to flare up everywhere.  If the stock market is close to a top, some stocks are just tanking and others still hold up.  What you see here right now is some countries are just tanking, and the rest are still holding up, meaning we are forming a top.  This means the cycle is coming into the danger zone.  I still see a big problem with China and Japan.  We also have problems with Chinese islands (in the South China Sea).  If this continues, it’s going to come from there.  If you go back a hundred years ago, a big war started (WWI).  A hundred years before that it was Napoleon.  Big wars always start in the second decade of a new era. . . . I still see there are problems with war everywhere . . . . Everything is on the edge, and it can ignite at any minute.  If terrorists could, they would use much larger weapons, and if they do, everybody is going to have to wake up.  Then you will have a major war on your hands.”

    In closing, Nenner says, “I think it is a good idea to own some physical gold and silver.”

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January 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Bix Weir: We Will See ASTRONOMICAL NUMBERS for Precious Metals. Pedophilia & The Satanic Ruling Elites

  • Published on Jan 13, 2017
    Bix Weir joins me to kick off 2017 and breakdown current events including Trump, Bitcoin and the coming collapse. As for Silver and Gold Bix says, “The numbers that gold and silver will hit when it’s out from behind the manipulation are astronomical.”

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January 14, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Breakup of EU Could Be Chance to Save Europe – Former Czech President Vaclav Klaus

  • Published on Jan 13, 2017
    The European Union steps into 2017 burdened with huge issues – a never-ending flow of migrants, continuing euro zone woes, and tensions with Russia. Growing frustration with Brussels is threatening to challenge the status quo in the EU, and with elections coming up in key member states, alternative political forces could be one step away from power. Can the Union withstand the pressure? And when did the idea of a peaceful union of European nations become flawed? We ask the former president of the Czech Republic – Vaclav Klaus is on SophieCo.
http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Click on image for article.

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January 14, 2017 Posted by | EndTimes, GeoPolitics | , , , , | 1 Comment

Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!

  • Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!
    by Greg Hunter’s USAWatchdog.com
    Rick Rule is an expert on investing in all sorts of natural resources, and that includes gold and silver. He thinks it won’t take a “catastrophic event” to move prices higher in precious metals.  Rule explains, “You remember the decade of the 1970’s?  The shocks to the financial system were severe but survivable.  The gold price went from $35 per ounce to $850 per ounce.. . . As you can see, I am not a young guy.  I was a finance major, and the way I learned accounting, it’s not like the banks are going to go broke, the banks are broke. . . . It isn’t a question of ongoing bank solvency.  It’s a question of real bank solvency and how long people will believe in the system. . . . If the major players had to face a liquidity squeeze, even the level of magnitude they faced in 2008, I suspect the fiscal tools available are constrained enough now that they would be unsuccessful in containing a broad liquidity base contagion.”


    So, we would see bankruptcies and failures, and the Fed would have to let things go. Rule contends, “I don’t think they would have any other choice but to let them go.  My suspicion is we are going to skate through this without a catastrophic situation.  I could be right and I could be wrong, but I think in terms of the gold price, it doesn’t matter.  If the system is tested, tested and not wrecked, it will be extraordinary for the gold price.  What people fail to recognize is the simple arithmetic that you and I owe each other, and other countries, $20 trillion.  That’s $20 trillion in liabilities.  That’s 20 with twelve zeros.  People don’t focus on it because it’s almost an incomprehensible number.  Beyond that, we owe each other in the context of promises in excess of $100 trillion.  That number doesn’t come from a cranky old guy at Sprott.  It comes from the Congressional Budget Office.  How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions?  My suspicion is we get out of this in one of two kinds of defaults.  A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied.  We say to holders of U.S. debt where we gave a full faith and credit promise that we lied.  Those are official defaults.  That requires telling the truth, and I think that is unlikely.  I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s.  I think that will have the same impact on gold and silver prices.”

    On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.”

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January 12, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

How Wall Street Bankers Committed Massive Fraud in Puerto Rico and Stayed Out of Jail

  • Published on Jan 8, 2017
    Mike Papantonio exposes Santander Bank for defrauding investors in Puerto Rico through a massive municipal bond scheme and speaks with attorney, Peter Mougey, about how Santander was able to pull off this scam and why no one was sent to prison as a result.

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January 9, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , | Leave a comment

Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy

  • Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy
    by Greg Hunter’s USAWatchdog.com(Early Sunday Release 1.9.17)
    Financial writer Bill Holter says 2017 will be “the year of the Truth Bomb.” Holter explains, “I have been talking about ‘Truth Bombs’ for about a year and a half. I think what is going to happen in 2017 is that this hologram we’ve been living in, the curtain is going to be pulled back. . . . I want to see the truth come out, and that’s why we do what we do.”

    One of the big truths that will explode is about the economy, and this will be one of Trump’s biggest problems. Holter goes on to say, “Trump is a smart guy, and he understands that really what he’s going to be doing is presiding over a bankruptcy. That’s what his main job is going to be, and that’s reorganizing this country.”

    What will the end of 2017 look like? Holter says, “I don’t think it will even resemble what today looks like. I think you may see the financial system come down, and it may be by the end of the year that the system is coming back up or coming back on line. We are going to have a bank holiday. We are going to have to have some sort of reset. The reset will include a bank holiday. Your ATM won’t work. Your credit cards won’t work. Distribution is going to fail. It’s all about credit. Everything financial and everything economic relies on credit. I believe that we are going to have a credit crisis this year where credit becomes very scarce or actually dries up completely. In that scenario, it is not good. You are talking about distribution breaking down and people going hungry, riots, martial law, cross default from country to country to country to country, bank to bank to bank and broker to broker to broker. Everything runs and lives on credit, and without credit, it’s almost like caveman days.”

    read more.

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January 9, 2017 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Germany’s Vice Chancellor Warns of Europe Breakup

  • Published on Jan 7, 2017
    Germany’s Vice Chancellor has warned about the possible collapse of the European Union due to Berlin’s push for austerity policies in the euro zone. Sigmar Gabriel says Berlin’s insistence on austerity has left Europe more divided than ever and a break-up of the EU is no longer inconceivable. He says strenuous efforts by countries like France and Italy to reduce their fiscal deficits come with political risks which might lead to the rise of the far-right to power. Far-right politicians want their countries to leave the EU. Gabriel believes if that happens, Germany’s next generations will curse the current officials.
http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

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

The Elites Are Going All Out, National Emergency & War

  • Published on Jan 5, 2017
    Italy’s Grillo is complaining the corporate media is reporting fake stories, its amazing how the US government and the corporate media are going after fake news and it is them who is spreading it. The elite are pushing their agenda in regards to Trump electors, they are saying 50 are ineligible. Libya calls in Russia to broker a deal. The IS is building troops up in Syria. Turkey decides Assad can stay and dumps US air support at the same time. The intelligence agencies briefed Congress today and revealed absolutely nothing. The only thing Clapper repeated was it was Russia. Obama has been briefed on what happened, Trump has not. The entire case is based on a third party investigation, the FBI and CIA did not investigate. All of this is being used to push a war with Russia and create a reason to call a national emergency.

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January 7, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment