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.

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

Gerald Celente: Where Are The Markets Heading? Follow Gold

  • The Alex Jones Channel Published on Feb 19, 2018
    Gerald Celente of Trends Research hosts the 4th hour of The Alex Jones Show, advises listeners watch gold prices closely.

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February 20, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Doug Casey On Why Gold Could Go “Hyperbolic”

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

  • Doug Casey On Why Gold Could Go “Hyperbolic”
    by https://www.caseyresearch.com/
    …. Doug: Keeping dollars in banks is very dangerous. The whole world is like Cyprus a few years ago. You don’t actually own anything in a bank or broker anymore—your assets are the unsecured liability of an institution that’s likely bankrupt. This is especially true if you have more than $250,000 in any given account, which the FDIC insures. But it’s bankrupt too, with assets that cover like a half percent of their liabilities.

    The problem is systemic risk, and it’s worldwide. It’s like Joe Louis said: you can run but you can’t hide. The only place you can hide today is gold and silver. That, and cheap real estate, if you can find it.

    Justin: 
    Yeah, gold is doing quite well. Its price is up 12% since July.

    What do you attribute this to? Is it because investors are taking shelter? Is it due to the weak dollar? Or is it simply because we’re in the early innings of a new commodity bull market?

    Doug: 
    Well, I think all the indications are aligning at this point. It’s been a rough bear market. As a group, commodities are 50% below their 2011 highs. It’s been a deep bear market as well as a long bear market. As a result, commodities have never been cheaper relative to financial assets like stocks and bonds.


    It’s a great time to be in commodities. And gold is the foremost commodity. It’s historically been used as money. And it will continue to be used as money because none of these governments should, or do, trust each other. Or each other’s phony paper fiat currencies.

    There could be a buying panic in gold and it could go much higher. We’re in a new bull market for gold at this point, but nobody cares. Or even knows that’s true. The same is true for silver. Although, silver is primarily an industrial commodity. It’s the poor man’s gold for many reasons.

    Justin: How much higher could gold head?
    Doug: Well, these things usually move in a hyperbolic curve. They start out slowly. Then, they accelerate. Same type of thing we saw with cryptocurrencies.

    I think gold will do the same, although not to the same extent. My prediction by the end of this year is that gold will hit $2,000. In 2019, $3,000. In 2020, $4,000. By the time this bull market peaks, gold could reach $10,000. But I hate to say things like that…because it sounds so outrageous.

    But look at the number of dollars in existence ($3.635 trillion in the M-1 money). Divide that by the 260 million ounces of gold the U.S. Government is supposed to own, and you get a gold price of $13,982/ounce.

    Look at the number of dollars that are outside the U.S.—$10 trillion, $20 trillion, who knows?—and that liability is growing by $50 billion annually with the balance of trade deficit.

    At $1,300 per ounce, the U.S. gold holdings can’t even cover a year’s deficit. And consider the fact that at some point those dollars will need to be redeemed by something if they’re going to retain any value.

    The price of gold—if gold is going to be fixed to the dollar again, at least for the purpose of trading with foreigners, with foreign governments—is going to have to be much higher than it is today. Of course, I don’t think the dollar should exist, nor should the U.S. government even be in the money business; it just confuses the issue.

    Money is a medium of exchange and a store of value—it shouldn’t also be a political football, and a means for the State to finance itself. Gold itself should be used as money. Remember that the dollar—like the franc, the pound, the mark, and what-have-you—were just names for a specific quantity of gold.

    So a six-to-one shot from here is not at all unreasonable over the next several years. And that would mean very good things for gold stocks.

    read more.

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

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

https://www.reuters.com/article/us-china-oil-futures/china-plans-to-launch-crude-oil-futures-on-march-26-securities-regulator-idUSKBN1FT0P2

Click on image for article.

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

Charles Hugh Smith: All Currencies Will See Catastrophic Devaluation Against Hard Asset. Financial Markets Definitely Destabilizing

  • Charles Hugh Smith: All Currencies Will See Catastrophic Devaluation Against Hard Asset. Financial Markets Definitely Destabilizing
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Financial writer and book author Charles Hugh Smith has been watching the extreme movements in financial markets closely. Is he nervous?  Smith says, “Oh yeah, it’s definitely destabilizing.  In other words, it’s becoming not just more volatile, the whole underlying structure of our economy is destabilizing.  What I mean by that is it’s becoming more brittle or fragile.  That is fundamentally why we are seeing these wild swings.  People are swinging between . . . keeping the money machine like it is for another nine years, and the other side of the coin says wait a minute, we have already had a weak expansion for nine years.  It’s almost the longest expansion in U.S. history.  A normal business cycle doesn’t run in one direction forever. . . .If you don’t allow your economy to have a business cycle recession, then you are simply making it more fragile by encouraging really marginal and risky investments, and that’s where we are now.”


    One very big problem is a dramatic loss in buying power of the U.S. dollar, but it’s not just the dollar. According to Smith, “All these currencies, there is nothing backing the currencies except the government’s force.  That’s the yen, the euro, the dollar and the Chinese yuan.  They are all going to have a catastrophic drop against real assets because they are all based on too much leverage, too much debt, too much money being pumped into the financial system that ends up in unproductive speculation.  You can’t grow your debt at six times the rate of your economy.  In other words, if you are creating $6, $8 or $10 of debt to eke out $1 of low productivity growth, you are dooming your currency, and all currencies are doing the same thing.  All the currencies are going to take a big drop at some point . . . relative to real stuff.  Real stuff is commodities we need:  water, grains, food, oil, natural gas and, of course, precious metals.  Everybody knows they have been money for 5,000 years, and I personally feel there is a role for crypto currencies.”

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

Fail? Central Bank Balance Sheet Games

  • ITM Trading Streamed live on Feb 16, 2018
    Supporting slides and links: https://www.itmtrading.com/blog/fail-…
    We are told that the economy is strong. With global stock markets near all-time highs and real estate prices near or better than 2006, many people believe this is true. Happy days are here again! No one really knows what specifically caused the recent market sell-off. Some say it was the whiff of higher inflation caused by the highest wage increase since 2009. Is it possible that the recent market rout was a central bank experiment? After all, none of the standard flight to safety assets performed as they normally would. And this would be a good time to set one up with all that repatriated money coming back to support the markets. The smartest guys in room on money are buying physical gold, don’t you think you should too?

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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.

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

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

http://www.globalresearch.ca/the-financial-new-world-order-towards-a-global-currency-and-world-government

Click on image for article.

http://americanfreepress.net/?p=1263

Click on image to goto article.

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

Central Banks Are Preparing To Take Control Of The Blockchain

  • X22Report Published on Feb 15, 2018
    The Canadian housing crisis is imploding, sales have dropped on existing homes. Inflation is starting to pick up, once inflation gets going the central bank will not be able to control it. The central banks are beginning to move into the blockchain arena, they are now working with Saudi Arabia to establish ripple as their cryptocurrency. Control is the game, control the currency at any cost as the system comes down.
http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

http://www.armstrongeconomics.com/archives/30862

Click on image for article.

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February 16, 2018 Posted by | Economics, EndTimes | , , , , , , , , , , | 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.

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

A Major Crisis Will Allow The Central Banks To Usher In A One World Currency: Brandon Smith

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

Click on image for article.

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!

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

Bond Bubble Popping? | Rick Rule

  • FinanceAndLiberty.com Published on Feb 14, 2018
    President of Sprott US Holdings tells Silver Doctors why he’s bearish on bonds and bullish on precious metals. With the recent rise in the US 10-year Treasury yield, Rick Rule says the bond bull market could be at its end. A reversal in the bond market could be bad for most markets, including equities and real estate. “For 40 years,” Rule explains, “the most important determinant in precious metals’ prices has been the strength – or at least the perception or strength – in the US Dollar, particularly the US Dollar as expressed by the interest rate on the US 10-year Treasury.” In other words, if the bond bull market is over, then the precious metal bull run is just beginning. This year, Rule says he is more bullish on mining stocks than the physical metal.

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

The Criminal Banks KNOW Something Is Very Wrong — Lynette Zang

  • SGTreport Published on Feb 13, 2018
    Lynette Zang from ITM Trading joins me to discuss the economy, precious metals and the storm that’s brewing. The criminal banks have stopped lending to each other because they know something is very wrong. Will the masses realize it – or be told about it – before it’s too late? Probably not. But you will.
https://www.itmtrading.com/blog/insider-trading-market-troubleare/

Click on image for article.

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February 15, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

John Williams: US Deficit Is Beyond Control. Fed Triggered Stock Sell-Off – Dollar Next

  • John Williams: US Deficit Is Beyond Control. Fed Triggered Stock Sell-Off – Dollar Next
    by Greg Hunter’s USAWatchdog.com 
    In his latest report, economist John Williams asks the question, “Did the Fed trigger the stock sell-off?” Williams answer, “It sure looks that way.  With all the heave selling, the bond yields were rising and investors didn’t like that.  Risings bond yields means someone is selling bonds.  The Fed was not selling bonds, they were not rolling over the bonds they normally wood. . . . There was a big drop in the amount of bonds the Fed was holding in the last week by about $10 billion.  That was the biggest weekly decline since August of 2012. . . . It was enough to put some upside pressure on the interest rates . . . and that was a trigger (for the stock market sell-off).  Normally, you don’t crash from an all-time high, not that it crashed, but you did have pretty heavy selling.  You didn’t see much movement in the dollar.  You didn’t see much movement in gold, and when this market really goes, I think you are going to see the dollar selling off very rapidly and gold being a flight to safe haven.”


    Williams goes on to say, “The Fed caused this latest round of selling because they are reducing their balance sheet. I would say the Fed is in a real awkward position here because the economy is not doing what they are advertising, at least what you are seeing in the headline data.  I think you are going to see a rapid slowdown in the next couple of months.  Then you are going to see the markets say what’s the Fed doing here?  The Fed will have to go back to quantitative easing (QE or money printing).  When you see that again, that should be a heavy sell signal for the dollar.  It will be a flight from the dollar that will spike oil prices and give us an inflation problem.  This will tend to spike gold prices.  As foreign investors flee from the dollar, they will also be fleeing from the stock market and the U.S. bond market.  You will see stock selling and bond selling and then higher yields, and the Fed will be coming in and start buying the bonds again.  I think that is where we are heading.”

    read more.

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February 15, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The Military Industrial Complex Strikes Again: War Spending Will Bankrupt America

US ‘defence’ (war really) budget.

The US ‘defence’ (WAR) budget.

War, I mean ‘defense’ budget is the biggest component.

http://www.wnd.com/2016/08/6-5-trillion-missing-from-defense-department/

Click on image for article.

http://www.infowars.com/america-has-been-at-war-93-of-the-time-222-out-of-239-years-since-1776/

Click on image for article.

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