Socio-Economics History Blog

Socio-Economics & History Commentary

The 2 of 3 Pillars Holding Up The Economy Have Fallen, The Economic Shift Is Underway: Brandon Smith

March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Collapse Could Occur Anytime | John Rubino

  • Published on Mar 27, 2017
    John Rubino says the system is poised to collapse and could collapse at any time… Rubino discusses the rise of inflation and the emerging populist sentiment. Rising inflation around the world shows we are heading into a period of rising instability. While the rich are getting richer with rising asset prices, the average person is becoming frustrated with the broken system and turning away from the right/left dichotomy and towards populist candidates. But there’s nothing that can fix the broken system, Rubino says. Electing populist candidates doesn’t fix anything, it simply brings political instability to the already present economic instability.

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March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Flight From Cities: Something’s Coming

  • Published on Mar 27, 2017
    A demographic pattern has emerged of people fleeing urban areas. Why have 66,000 people migrated from Chicago in the last year? Other urban cities are seeing the same thing. Where are they going? Why are they leaving?

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March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

Jim Willie: Top Ten US Dollar Risks

The grim reaper is coming for the petrodollar.

  • Jim Willie: Top Ten US Dollar Risks
    by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
    The USDollar has never been in greater danger for losing its dominant position as global reserve currency and payment standard. Challenges to its supremacy are many and with each passing month, more threats are put in place. While the volumes of trade payment in Chinese RMB grow slowly, and the banking reserves in non-USD bonds grow slowly, the risk for the USDollar to be marginalized has increased significantly in the last two to three years. Basically speaking, a fiat currency run by a corrupt, thieving, and dishonorable hegemonic regime for the sole purpose of exploiting the rest of the world cannot stand the test of time, and will be dismantled. The community of nations gathers momentum and organization with producing an alternative. It has taken time, and will require more time. The scenario is indeed possible of a dual universe has been raised, whereby the West continues under the USD-based system, and the East emerges under a new RMB-based system. However, the Eastern alternative is step by step to emerge with a gold foundation. The USDollar cannot compete with Gold in any way except through continued fraud, intimidation, extortion, and open war. All these topics at high level and ground level are covered with analysis in the Hat Trick Letter.

    The fall of the King Dollar Empire is near, as the Global Paradigm Shift proceeds without potential for interruption or much further delay. The galactic decay decline and demise is assured. It has been a brutal final chapter, marred by universal corruption and endless war. It has earned the Empire of Chaos label, for its many color revolutions which mask the brutal hegemony and theft of assets. The fall of the baseless USDollar occurs simultaneously with the rise of the solid Gold foundation. Below are the Top Ten risks to the USDollar, which will end the year 2017 in a significantly weaker position than it started.

    read more.

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March 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

The Elite & Ultra Wealthy Are Preparing For Something Big

March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

‘EU Survival is AT RISK’ Brussels’ Chief Reveals ‘Existential Crisis’ in Shock Admission

  • ‘EU Survival is AT RISK’ Brussels’ Chief Reveals ‘Existential Crisis’ in Shock Admission
    by JOEY MILLAR, http://www.express.co.uk/
    THE VERY survival of the European Union is now at risk, two chief Europhiles have admitted in a surprisingly open condemnation of the project.

    As the bloc celebrates the 60th anniversary of its founding, the duo admitted it was in danger of collapsing unless major changes take place. The grim assessment was made by two of the ’s biggest names, Guy Verhofstadt, the European Parliament’s Brexit negotiator, and Manfred Weber, an MEP and key ally of Angela Merkel in her German coalition government. Enthusiasm which had greeted the union when it was first formed had long since given way to “disillusion and disarray”, the pair admitted.

    In a joint opinion piece for website Politico, they said: “Now, for the first time, the European Union’s survival is at risk. Faced with this existential crisis, it cannot survive unchanged. “When they signed the Treaty of Rome 60 years ago, six nations that had been at war for decades took a crucial first step toward establishing an unprecedented period of peace in Europe. 

    read more.
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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March 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

America’s Retail Apocalypse: How 3,500 Stores are Set to Close Across the Country in Just the Next Two Months

http://www.dailymail.co.uk/news/article-4339336/3-500-stores-set-close-country-two-months.html

Click on image for article.

March 27, 2017 Posted by | Economics | , , , , , | Leave a comment

Economic Collapse is Here | David Kranzler

  • Published on Mar 25, 2017
    The economy fell off a cliff months ago, the markets just don’t know it yet… Dave Kranzler from Investment Research Dynamics joins FinanceAndLiberty to reveal the data that the mainstream media fails to report that shows the economy is in a dire situation. In the midst of the collapsing economy, the stock market remains disconnected from reality. Either the fundamental reality has to catch up with the stock market, or the stock market has to catch down with the fundamental reality, Kranzler says.
  • See also:

    It’s A Retail Apocalypse: Sears, Macy’s And The Limited Are All Closing Stores

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March 27, 2017 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Leave a comment

We Never Had This Much Hidden Financial Leverage, When The Crisis Hits, It Will Be Painful: John Rubino

March 27, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

John Williams: Trump is America’s Last Chance

  • John Williams: Trump is America’s Last Chance
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Economist John Williams says President Trump has to do something fast and big to turn the faltering U.S. economy around. Williams explains, “You are seeing the economy slow down.  Some people are recognizing that.  The Fed’s statement a week or two ago . . . many analysts consider that dovish.  The Fed knows what’s going on here.  They are trying to get rates up a little, but they have a circumstance that they are not out of the woods with the banks.  What they are hoping for is maybe the Trump Administration is going to bail them out and stimulate the economy.”

    Williams says “The banks are still not healthy. . . . The Fed is still fighting the battle it effectively lost in 2008.  Mr. Trump has several problems.  One is the economy.  One is the long term budget deficit, and the third is the Federal Reserve.  The Fed lost control of the system.  The system effectively collapsed.  They haven’t been able to bring it back to normal.”

    Would Donald Trump simply default on the U.S. debt if countries around the world dump U.S. Treasury bonds? Williams says, “That would be an act of default.  You don’t want to do that. What Trump needs to do is address the long term solvency issues of the United States.  Then he can convince people that, yes, we are going to be able to handle this, and at the same time, take action to stimulate the economy.  That could be very bullish for the dollar fundamentally. . . . If they want this to work and save the system, and Mr. Trump will come out of this with his face on Mount Rushmore if he does, he’s got to turn the economy.  To do that, he needs to increase government spending in areas that would help stimulate the economy.  He’s got to cut taxes, and that is in the works in some form.  As part of the process, there very likely will be a widening of the budget deficit, which could kill the dollar and kill people holding Treasuries.”

    read more.

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March 27, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

“It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst

  • “It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst
    by http://www.silverdoctors.com/
    Alasdair Macleod Joins Us From London to Warn Things Are Getting Critical in the Gold Market:

    “It Would Have Taken Out ALL OF THE BANKS”
    The London Analyst Reveals A MAJOR Operation Will Be Needed to Stop the Next Bank Run on Gold, & Explains Why THIS Is What’s Driving the Price of Gold:

    * Gold & Silver Rally: This Has A Good Feeling Behind It
    * This Rally In Gold and Silver Could Go A Long Way
    * Will Eurozone Demand For Gold EXPLODE As the Italian Banking Crisis Nears Climax?
    * Macleod Takes Us Back to Cyprus: He Explains the Last Time We Had A MAJOR Operation to Stop A Bank Run On Gold: It Would Have Taken Out ALL of the Bullion Banks!

    * It’s Going to Be A Bit More Difficult To Stop the Next Bank Run On Gold
    * We’re Getting to the Stage Where We Want the Financial Crisis to Begin 
    * The US Dollar Is Going to be VERY VERY WEAK, It’s Going Down, and Down, and Down – Implication Is Gold and Silver Will Go Up, And Up, And Up!

    Physical Silver Update:

    Sales of US Mint Silver Coins QUADRUPLED this week to 795,000 coins from just 220,000 Silver Eagles one week ago, bringing monthly ASE sales to 1.295 million coins, and year to date Silver Eagle sales to 7,637,500 coins as demand increased across the industry as silver prices recovered from the drubbing received at the hands of the bullion banks ahead of the latest Fed Rate Hike. Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory. 

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March 25, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System

  • Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System
    by http://www.thedailyeconomist.com/
    Over the 70+ years the U.S. has had control over the global monetary system, they have used the dollar on occasion as an ‘economic weapon’ to force other countries into ceding to their national and international policies.  And of course their most common way they do this is by cutting off nations from access to the SWIFT system.

    But in the wake of the economic sanctions Washington and the European Union imposed on Russia following the Ukrainian coup, China, and now we can add Russia to this group, have used their time in creating their own SWIFT alternatives, and on March 23 the central bank of Russia announced they are fully prepared for any overt or covert monetary crisis which may include a dollar collapse, or future sanctions that might be used to attack the ruble.

    If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute. 

    “There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,”
     Nabiullina said at a meeting with President Vladimir Putin on Wednesday.


    She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.

    Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS).

    In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT. – Russia Today

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March 25, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

The ‘Retail Apocalypse’ Is Officially Descending Upon America

  • The ‘Retail Apocalypse’ Is Officially Descending upon America
    by , http://theantimedia.org/
    (ANTIMEDIA) Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated “retail apocalypse,” as Business Insider describes it. The outlet reports that over the next couple months, more than 3,500 stores are expected to close:

    Department stores like JCPenney, Macy’s, Sears, and Kmart are among the companies shutting down stores, along with middle-of-the-mall chains like Crocs, BCBG, Abercrombie & Fitch, and Guess.”

    Some stores, like Bebe and The Limited, are closing all of their locations to focus more on online sales. Other larger chains, like JC Penney, are “aggressively paring down their store counts to unload unprofitable locations and try to staunch losses,Business Insider notes. Sears and K-Mart are following a similar trajectory moving forward.

    Sears is shutting down 150 Sears and Kmart locations, about 10% of their shops. JCPenney is shutting down 138 stores, about 14% of their total locations. These closures are the consequence of several different factors. First, the United States has more shopping mall square footage per person than other parts of the world. In America, retailers reserve 23.5 square feet per person; in Canada and Australia, the countries with the second- and third-most space have 16.4 and 11.1, respectively.

    Another reason retail brick and mortars are failing is the growth of e-commerce. Between 2010 and 2013, visits to shopping malls declined 50%, according to data from real estate research firm Cushman and Wakefield. Meanwhile, online sales from huge online outposts, like Amazon, have exploded. Back in 2015, Forbes observed this trend:

    Earlier this year, the stock market value of Amazon.com surpassed that of Walmart, a turn of events that many saw as indicative of how badly brick-and-mortar big box retailers have lagged behind in building up their e-commerce.”

    Walmart is now hustling to bridge the gap, pouring billions into its tech to claw back some market share. Target, also a laggard, is similarly spending as much on tech as on its 1,800 stores. Both those companies, though, generate digital sales that are still only a small percentage of total sales, and a fraction of Amazon’s.”

    read more.

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

Question Is: When, Not If Collapse Will Occur | John Rubino

  • Published on Mar 23, 2017
    John Rubino joins Silver Doctors to sound the alarm the system is poised to collapse and could collapse at any time… Rubino discusses the rise of inflation and the emerging populist sentiment. Rising inflation around the world shows we are heading into a period of rising instability. While the rich are getting richer with rising asset prices, the average person is becoming frustrated with the broken system and turning away from the right/left dichotomy and towards populist candidates. But there’s nothing that can fix the broken system, Rubino says. Electing populist candidates doesn’t fix anything, it simply brings political instability to the already present economic instability.

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March 24, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Doug Casey: Financial Collapse Will Trigger Civil War. High Unemployment & High Inflation Coming Buy Gold

  • Doug Casey: Financial Collapse Will Trigger Civil War
    by Greg Hunter’s USAWatchdog.com 
    Best-selling author Doug Casey wrote “Crisis Investing” at the time when the U.S. political landscape was transitioning from the Carter Administration to the Reagan Administration. Now, Casey sees a coming crisis that is equal or worse than the Civil War.  Casey explains, “In the U.S. right now, there seems to be so much antagonism it’s almost like pre-Civil War.  There is actually hatred in the U.S. at this point.  It used to be the Republicans and Democrats could disagree, but they could have a civil conversation about a difference of opinion.  Now, it’s active hatred between these two groups.  This is not going to end well.”


    Casey thinks the coming financial collapse will be the trigger. Casey says, “It’s going to come down eventually.  I am worried about that, but we are in a situation where the country seem like it is just before a civil war.  It will be more serious than just a financial collapse, and it is likely to be set off by a financial collapse.”

    Casey says financial markets are all in bubble territory, but the bond market is in the biggest bubble of them all. Casey contends, “What papered things over?  Why did it get better for the last few years?  These governments have lowered interest rates to not just zero but less than zero in parts of the world.  They have created scores of trillions of new currency units which have poured oil on the financial waters.  That currency still exists and it’s going to come out, and it’s going to evidence itself in the form of retail inflation.  So far, it’s just been inflation in the financial markets.  They’ve created a bond super bubble.  They’ve created a stock market bubble.  They have created a real estate bubble in a number of places in the world.  So, this is going to be very, very ugly.  It’s hold on to your hat time.”

    read more.

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