Socio-Economics History Blog

Socio-Economics & History Commentary

Basel III & Gold: The Big Picture — Mike Maloney

March 22, 2019 Posted by | Economics | , , | Leave a comment

Setup Complete, Watch Gold, Watch The Central Bank, Watch What Happens Next

  • X22Report Published on Mar 21, 2019
    May tries to get an extension form the EU, the EU wants a meaningful vote on the proposed plan first, the people do want the plan. May might be forced to resign.The Fed decided not to raise rates and keep them steady, this will now allow the pieces of the plan to come together, the manipulation is getting harder, Basel III is coming in to effect, gold prices will stay low and then slowly rise as we approach the end of the year and really start to move in 2020. The market will continually push higher and Trump will make the economy look fantastic statically.

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March 22, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

BASEL III…… Q&A with Lynette Zang

  • ITM Trading Streamed live 23 hours ago
    Link to the Slides and Sources: https://www.itmtrading.com/blog/basel…
    1. JR: Have you had a chance to review Basel III? Doesn’t this mean that when you go to take money out of your depositor bank, the money won’t be there? Am I right in believing this is absolutely the end game?
    2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming banks hold gold, does this not eliminate the incentive to manipulate the price of gold lower?
    3. Jeff L – BASEL III seems have effect on Gold & this is where much conversation. My question is how will it affect silver.
    4. Typo – debt clock shows ‘paper to gold ratio’ & ‘dollar to gold ratio’. Can you explain the difference? Ultimately I was looking at ratios to see what Basel 3 effect might be on March 31.
    5. Steve P: One of Basill III’s new requirements is that gold becomes a tier 1 asset. On the other side of the reset, how can I use my silver as collateral for a loan rather than cash in my silver?

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March 22, 2019 Posted by | Economics | , , | Leave a comment

WHAT TO BUY DURING CRASH… Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Mar 19, 2019
    Link to the Slides and Sources: https://www.itmtrading.com/blog/basel…
    Question 1. JR: Have you had a chance to review Basel III? Doesn’t this mean that when you go to take money out of your depositor bank, the money won’t be there? Am I right in believing this is absolutely the end game?
    Question 2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming banks hold gold, does this not eliminate the incentive to manipulate the price of gold lower?
    Question 3. Sayan R: After the global currency reset, would all those small countries whose reserve are mostly US Dollars, be facing inflation or deflation, or both?
    Question 4. K Carpy: Ideas on things to buy during the crash? Land? Homes? What kind of businesses?
    Question 5. Stan P: Are there any risks in putting my money into gold ETF’s instead of physical metals?

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March 21, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

Andrew Maguire: Central Banks Going Long Gold

  • Andrew Maguire: Central Banks Going Long Gold
    by Greg Hunter’s USAWatchdog.com
    World renowned precious metals expert Andrew Maguire says pay attention to the new rule that goes into effect at the end of March that will allow gold to become fully valued and monetized as a tier 1 asset for banks around the world. Maguire explains, “Basel III is coming into effect in less than two weeks from now, and it will effectively remonetize physical gold. Of course, that is a big deal. While the synthetic players shuffle chips in this siloed CME casino, the insider bullion banks are positioning for higher gold prices. That is it right there. Bottom line is what are the big boys doing?”


    So, is it safe to say central banks and big banks are going long gold? Maguire says, “They’re all going long gold. Why is that? It is because they are already allocating gold for their own house accounts. . . . The minute the global physical markets see unallocated positions are being mark to market at a certain price, the physical market will explode. There will be a gap higher, and the offer to sell physical will rise to a point where someone is actually willing to sell it. . . . I think you are going to see in a few days that it will suit the bullion banks to have a higher price than a lower price. . . . At some point, they are going to want a higher price, and we all know why. There are trillions of dollars of derivatives and unbacked zero value intrinsic assets out there in the market place, and someone has to settle this stuff. It is not going to be settled without a much higher gold price.”

    Maguire goes on to say, “Look at platinum, it’s a vertical rise. What is that? That is a physically driven short squeeze. People look at it and say it must be speculation. It’s not speculation. It was a massive short position just like in silver and just like in gold, but more so in silver. What we are seeing is a relentless drive to cover. We are going to see a similar situation (in gold and silver). What is that price? You are already seeing that with the LBMA projecting $1,530 per ounce in gold for this year. . . . It amazes me that people are not seeing this massive tectonic event. It’s going to be a shock, but I think it is part of a central plan move to revalue gold. It has to.”

    Maguire says watch silver for an extreme spike to the upside. Maguire says, “Silver is going to break out. I think $50 per ounce is a joke. I think it’s going to be substantially higher than that. It’s not going to be a question of how you can run into resistance with silver. It’s going to be how much physical is available. It’s going to be a heck of a lot higher when you start to have a run on the price.”

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March 21, 2019 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Elite Caught Red-Handed… and Cornered Animals are Dangerous | Rob Kirby

  • Reluctant Preppers Published on Mar 14, 2019
    With governments and central banks around the globe quietly staking out positions to dump US Treasury debt, abandon the US Dollar, transact in other currencies, and bolster precious metals reserves, what do the elite know that is being hidden from us common people? Despite unprecedented rulings to cloak US government financial theft, what impact will the missing $21+ Trillion have on your wages, savings, & retirement, once the heinous facts are fully exposed and obvious to the public? Outspoken proprietary financial analyst Rob Kirby returns to Reluctant Preppers to answer YOUR viewer questions. Kirby further exposes the dark dealings hidden by recent cloaking laws, and proceeds to warn where we will be hit, and what we must do about it now.

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March 20, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

BASEL III Activates Gold, Gold Will Bring Down The FedRes

  • X22Report Published on Mar 17, 2019
    May’s/EU agreement is not going well. May is now threatening the people, you must go with the deal or the country will stay in limbo for many months or years. Just want the EU wants. Canada’s housing bubble is one of the biggest housing bubbles we have ever seen, it is much larger than the US, and when it pops it is going to come crashing down. The Fed meets this week and their is talk of keeping the rates steady for the rest of the year. Basel III will activate gold, Q has told us that gold will take down the Fed.

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March 18, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

All The Pieces Of The Puzzle Are Coming Together, It’s Happening: Bix Weir

March 18, 2019 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Marc Faber: Huge Asset Bubble Will Be Deflated

  • Marc Faber: Huge Asset Bubble Will Be Deflated
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Legendary contrarian investor Dr. Marc Faber says forget about the coming slowdown because the economy has already been backing up for months. Faber, who holds a PhD in economics, explains, “Investors are relatively complacent. Nobody thinks a recession has begun. I think a recession in the U.S. probably began in October/November of last year. If you define a recession as peak economic activity and subsequent declining growth rates that can turn overall negative in the process, I think this is happening now in the world. We are probably already in a recession. The central banks, in my view, will continue to do more or less what they have done in the past, namely, print money.”

    Dr. Faber warns, “When I started to work in 1970 on Wall Street, the stock market capitalization of the U.S. as a percentage of GDP . . . was between 25% and 30%. Now, the stock market capitalization alone is 150% of GDP, and when you add the bonds to it, we are at 300%. It’s a huge asset bubble compared to the real economy. I think no matter what they do, this asset bubble will be deflated, and it will be very painful. The asset holders are the powerful ones here, and they don’t want it deflated. . . . The question is would it have been better economically to go into the hospital in 2008/2009 and clean up the system rather than to essentially inject the sick patient with more opioids to keep him alive? It’s going to get much worse the next time it happens.”

    Faber says, “You ask me what I fear. I say you and I and your viewers do not know how it will end. . . . I am not hopeful for the global economy. We can have a recession at any time, but I think the asset market will hold up because of the money printing.”

    Dr. Faber thinks that the problems in the West are not just financial, but geopolitical with the rise of socialism and communism. Dr. Faber says, “I can assure you that people who lived under socialism and communism in China, Russia and Eastern Europe, that is the last thing they want to go back to–the last thing. The Westerners, who have never experienced the devastating lifestyle under socialism and communism, are amenable to the idea. The millennials think the government should do more. They don’t know what that means. When the government can do more, it can do everything. They can have people build bridges in the desert where no bridges are needed to keep people busy, and that leads to a complete economic calamity.”

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March 18, 2019 Posted by | Economics | , , , , , , , | Leave a comment

RICK RULE: In-Depth Natural Resources Update, Announces Major News!

March 16, 2019 Posted by | Economics | , , , | Leave a comment

CORRUPTION and TREASON: Robert David Steele Exposes The Deep State’s Agenda — Plan to Assassinate Trump?

  • Crush The Street Published on Mar 5, 2019
    TOPICS IN THISI NTERVIEW:

    02:10 Who or what is the Deep State?
    06:10 Saudi Arabia’s IS a nuclear power!
    10:40 A Gold backed Dollar – the urgency for a nationalized FED
    17:10 Corruption and treason at the highest levels
    28:20 Definition of a Debt Jubilee
    34:45 Where to find more of Robert David Steele’s work.

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March 16, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Keiser Report: Negative Rates Are Coming (E1357)

  • RT Published on Mar 14, 2019
    In this episode of the Keiser Report, Max and Stacy discuss the the first warning signs of negative rates coming for the US when the next financial crisis hits. In the second half, Max continues his interview with Mish Shedlock of MishTalk.com about the latest economic data out of America and whether or not the lofty stock market valuations are warranted.

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March 15, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

The Global Economic Reset Begins With An Engineered Crash

  • The Global Economic Reset Begins With An Engineered Crash
    by Brandon Smith, http://www.alt-market.com/
    For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we know it will either die out or evolve into a new system where “multilateralism” will become the norm. The reset is often described in an ambiguous way. IMF banking elites will usually mention the end results of the shift, but they say little about the process to get there.

    What we do know is that the intent of the globalists is to use this reset to create a more centralized monetary system and micro-managed global economy. At the core of this new structure would be the IMF along with perhaps the BIS and World Bank.  It is a plan that has been supported openly by both western and eastern governments, including Russia and China.

    As noted, the details are few and far between, but the IMF describes the use of open borders and human migrations during the reset as a means to transfer capital from various parts of the world. It is a novel if not utterly insane way to transfer wealth that only makes sense if you understand that the globalist goal is to deliberately conjure a geopolitical catastrophe.

    The IMF also asserts that blockchain technology will make capital transfer easier and more efficient in this future environment, which explains the enthusiastic globalist support for developments in blockchain technology and cryptocurrencies despite the notion in cryptocurrency circles that blockchain would somehow make the bankers “obsolete”.

    The IMF also acknowledges that in the meantime a slowdown in capital flows has occurred, and that this slowdown is ongoing since the crash of 2008. What they do not explicitly admit is that the crash of 2008 never ended, and that the decline we are witnessing today is merely an extension of the recession/depression that started ten years ago.

    read more.

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March 15, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

THE CENTRAL BANK EXPERIMENT: What’s Next?

  • ITM Trading Streamed live 7 hours ago
    Link to the Slides and Sources: https://www.itmtrading.com/blog/centr…
    The EU may be the weakest link holding the fragile global markets together, because of the current threat by Italian banks extreme exposure to Italian government debt, and contagion to the rest of the EU, should a banking or sovereign debt crisis erupt (a likely event). Not to mention the threat of a derivative event, should Great Britain leave the EU in a “hard” Brexit. Gold is the key bridge to carry wealth from one financial system to the next, having survived as real money for five thousand years. In addition, the size (in terms of fiat) of the financial physical gold market, is larger many global stock and bond markets. Why? Because only gold is real money, everything else is credit, that’s WHY, after all these years, it remains a globally recognized wealth shield.

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March 14, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Peter Schiff: Pricking Dollar Bubble Will Be the Real Crisis — Record Debt Everywhere

  • Peter Schiff: Pricking Dollar Bubble Will Be the Real Crisis — Record Debt Everywhere
    by Greg Hunter’s USAWatchdog.com
    Money manager Peter Schiff says even though there is “record debt everywhere,” the Fed thinks the economy is fine. Schiff explains, “The actual amount of money the government is borrowing is much larger than what they pretend they are borrowing with the official budget. I think the national debt was up around $1.5 trillion in 2018. . . . It’s probably going to be even greater in 2019. . . . We have the biggest annual trade deficit ever in 2018. We’re going to beat that record in 2019. So, we have the twin deficits going off the charts. None of that worries (Fed Head Jay) Powell. We have record corporate debt, record individual debt, record student debt, auto debt, credit card debt and none of that concerns Powell.  We have record debt for state governments and municipalities. We have underfunded pensions in both the public and private sector. We also have interest rates rising. They have risen quite a bit from a few years ago, and all of that is an added cost on an over-leveraged economy. The reason the Fed did this about face, the reason they are now ‘patient’ and the reason they stopped raising interest rates . . . is all about the United States. . . . It’s all about the enormous debt we have. The Fed inflated a bubble where you had all this debt. It’s impossible to normalize interest rates in this scenario. So, they came up with an excuse to stop, but what the markets still don’t realize is it is not enough. The Fed is ultimately going to go back to 0%. The Fed is not going to shrink its balance sheet. They are going to blow it up bigger than it was before they started to shrink it. There is no way to stop the recession and no way to stop the bear market. They are going to have to go back to the QE, but I don’t think the Fed is going to succeed in blowing a bigger bubble.”


    Schiff goes on to say, “I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. . . . The dollar is going to collapse, and America’s days of living beyond its means is going to come to an end.”

    On gold, Schiff says, “I think this is the calm before the storm. People don’t really perceive it. Maybe it’s like the Wile E. Coyote who has just run off a cliff, and he just hasn’t looked down yet. He doesn’t realize where he’s standing. . . . Gold shorts are going to lose an incredible amount of money. That’s probably one of the most foolish things you can do. There are a lot of great things out there to short. Gold is the last thing you should be shorting. For central banks, gold is the safest reserve asset. It’s the only asset that is not somebody else’s liability. . . . I think the world is going back to gold. . . . $5,000, $10,000 (per ounce) who knows how high it’s going to go. There is no real ceiling on the price of gold because there is no floor to the value of the dollar and other fiat currency. . . . Gold is going to skyrocket.”

    And silver? Schiff says, “Look at last time. Silver went up to $50 per ounce from $3 to $4 an ounce in 2000-2001. Gold went to $1,900 per ounce, but silver went to $50 per ounce. It was a much bigger percentage gain. . . . If I am right about gold going to $5,000 to $10,000 (per ounce), I am sure the percentage gain in silver will be even bigger.”

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March 14, 2019 Posted by | Economics | , , , , , , , , | Leave a comment