Socio-Economics History Blog

Socio-Economics & History Commentary

Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives

  • Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives
    by , https://www.theautomaticearth.com/
    Rogoff, Orwell and Kafka 
    Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz Kafka, with a serving of ‘theater of the absurd’ on top. Rogoff wants to give central banks total control over your lives. They must decide what you do with your money. First and foremost, they must make it impossible for you to save your money from their disastrous policies, so they are free to create more mayhem.

    Prepare For Negative Interest Rates In The Next Recession Says Top Economist
    Negative interest rates will be needed in the next major recession or financial crisis, and central banks should do more to prepare the ground for such policies, according to leading economist Kenneth Rogoff. Quantitative easing is not as effective a tonic as cutting rates to below zero, he believes. Central banks around the world turned to money creation in the credit crunch to stimulate the economy when interest rates were already at rock bottom.

    Central banks create recessions and crises. Note people, and not economies. Central banks. The next recession, which is inevitable, that’s the one thing Rogoff has right, will come when the bubbles in housing, stocks, bonds, etc., created by central banks’ QE, ZIRP, NIRP, start to pop. And there’s nothing worse than giving central banks even more tools for creating crises. We should take away the tools they have now, not hand them more sledgehammers.


    read more.
http://www.wsj.com/articles/the-political-war-on-cash-1455754850

Click on image for article. Needs subscription.

http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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August 16, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Dollar Won’t Collapse – It Will VANISH | Jim Willie

August 16, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

A New Currency Emerges As The Old Currency Withers Away, Welcome To The Transition

  • Published on Aug 14, 2017
    The restaurant industry is experiencing a slow down in traffic and sales even with rising food and drink prices. Trump signs memo looking into the trade agreements with China. From all the indicators that are now out in the public domain the US economy is in a recession even though the Fed has not acknowledged it. IRS reports quarterly taxes are down 40% as more individuals are not paying up. Does the Fed have 6200 tons of gold, we don’t know because they will not allow anyone to audit it . Venezuela and many other countries are turning towards cryptocurrencies. The central banks are pushing to stop people from using cryptocurrencies, what we are witnessing is the transition into a new currency, a new system. 

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August 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Lynette Zang: All Assets Will Be Valued In SDR’s

August 15, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

AHEAD: “BREAKDOWN IN FIAT CURRENCY SYSTEM” | Kenneth Ameduri

  • Published on Aug 13, 2017
    CrushTheStreet chief editor Kenneth Ameduri joins FinanceAndLiberty to discuss the global economy. He explains the US has experienced the worst productivity in 35 years, and money printing has gone into overdrive. Where are paper currencies headed? “The world is looking for a free market alternative to be able to put their money in,” he says. This shift is why we’re seeing money flow into cryptocurrencies, gold, and silver. Bitcoin and other cryptocurrencies are “big competition for the Dollar, for the Euro.”

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

It Begins: The Blockchain Beast ‘666’ System Is Here

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.

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

Click on image to goto article.

http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

August 14, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , | Leave a comment

Central Banks Prepare for End of the Dollar – G. Edward Griffin Interview

  • Published on Aug 8, 2017
    With the World getting used to the Trump Presidency we have living Legend G. Edward Griffin with us to explain the current outlook in the White House.
    We also discuss the important fact regarding the Federal Reserve not actually been Federal, its parasitic hold over the Economy and the huge awakening happening as people begin to wake up! TOPICS IN THIS INTERVIEW:

    02:25 The Trump Presidency Vs. the Deep State
    05:45 Trump and Kissinger’s meet up
    10:45 Importance of Sovereignty and the Monetary System 
    13:10 Outlook on the non-Governmental Federal Reserve
    20:45 The relationship between The FED and Stock Market
    24:45 The awakening against corruption!
    30:05 Where to learn more about the Red Pill Expo

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

Jim Willie: King Dollar Loses Its Global Currency Reserve Status

  • Published on Aug 10, 2017
    An hour and a half intelligence report from one of the best minds in economic and geopolitical forecasting. Jim Willie, Editor of the “Hat Trick Letter” shares his insights of the impact of sanctions against Russia, the impact of US interventions in the middle-east, the realignment of the geopolitical world and the unavoidable demise of the US dollar. Jim closes with an important announcement regarding new content that will be published in the Golden Jackass “Hat Trick Letter”. To learn more about his work please visit:


    http://www.goldenjackass.com/ and follow Jim on Twitter @goldenjackass.

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August 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Market Will Fall By 50%-70% As The Petro-Dollar Comes To End: Steve St. Angelo

August 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The War on Cash: Jeff Berwick Faces Off Against Statists on Al Jazeera

  • The War on Cash: Jeff Berwick Faces Off Against Statists on Al Jazeera
    by Do we really need cash? That is the question that was presented to the panel I was included in on Al Jazeera.

    Some of the people on the panel were quite strong proponents of living a cashless existence, but they did admit that fiat currency cannot be done away with as easily as some say.

    I mentioned that I, of course, prefer my Wirex bitcoin card (get one here) and Goldmoney (get one here) and Perpetual Assets precious metals cards (get one here) over using terrorist financing Federal Reserve notes or digital fiat.

    Bitcoin being suggested as an alternative to government controlled fiat prompted some staunch opposition from the speakers on the panel who, being trained in government indoctrination camps, did not seem capable of listening and constantly tried to talk over me.

    And, despite many people who think bitcoin is a globalist plot to bring in the “mark of the beast” system of total control and surveillance, I was the only one on the panel who even brought up this issue as one of concern.

    You won’t want to miss this video as it includes quite a bit of valuable information pertaining to the future of currency.

https://usa.visa.com/about-visa/cashless.html

http://money.cnn.com/2017/07/14/news/companies/visa-no-cash-restaurant-initiative/index.html

Click on image for article.

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

‘666’ rapidly approaching! Click on image for article.

http://www.wsj.com/articles/preparing-for-a-world-without-cash-147035

‘666’ Propaganda! Subscription needed. Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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August 11, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , | Leave a comment

The Global Unit of Account is Now Shifting from the USD to the SDR – ITM Trading’s Lynette Zang

  • Streamed live on Aug 8, 2017
    ITM Trading’s Lynette Zang Talks about shift away from the US dollar to the SDR as the global unit of account began back in May 2017. This shift is being ushered in and supported by China as power also shifts from the West to the East. The tool being used is the ACC (Asset Collection Chain), which digitizes tangible asset ownership into a tradable SDR. I consider this the most important event to date. Here is a link to the slides and information contained in Lynette’s presentation:
     http://bit.ly/2hM0Tyy

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August 11, 2017 Posted by | Economics | , , , , , , | Leave a comment

Russia Says It’s Ready To Cut Their Dependence On The US Dollar

  • Published on Aug 8, 2017
    UK retail growth slows more than expected.  US job opening soar as corporations sales decrease. US credit card debt at an all time high, more people are living on credit to survive. Fannie Freddie are going to be trouble when the downturn in the economy begins .Corporate leverage is at an all time high. Russia is prepared and ready to cut their dependence on the dollar and payment system. 

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August 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Trump Seeks to Maintain US Hegemony at All Costs

  • Published on Aug 9, 2017
    Real power in the US resides in the military generals appointed by President Donald Trump, and they all share the view that the US “must maintain its global hegemony at all costs,” says a foreign policy expert.

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August 10, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

Mike “Mish” Shedlock: Lots of Triggers Could Tank Global Financial System

  • Mike “Mish” Shedlock: Lots of Triggers Could Tank Global Financial System
    by Greg Hunter’s USAWatchdog.com
    Economic writer Michael “Mish” Shedlock is seeing bubbles just about everywhere. Let’s start with the stock market. Shedlock contends, “Anyone who is thinking rationally knows this is a bubble. . . . On a median PE basis and a median earnings basis, the stock market is at an all-time high—an all-time high now. It exceeds the dotcom bubble. It exceeds the housing bubble. It exceeds 1929. Only the top 10% does not exceed the dotcom mania that we had in 2000. We know these bubbles have to correct. The question is when. The bigger they get, the bigger the collapse and the more pain that is going to be felt.”


    Shedlock says you can blame the Fed for all the bubbles. Shedlock explains, “They wouldn’t let it go. They kept it up with round after round of QE (money printing). They inflated these things beyond belief. They didn’t know when to stop, and of course, they caused these bubbles in the first place by keeping interest rates too low for too long following the dotcom crash in 2000 and 2001. We replaced that with a housing bubble after that crashed, and now, we have replaced that with an “everything bubble.” About the only thing that is not in a bubble right now is gold and gold miners. Everything else is in a bubble. . . . The Fed is likely to cut interest rates again when the economy goes into recession. It’s been about nine years since we’ve had one. This is very long in the tooth, and the Fed is very late in hiking (interest rates). I don’t know what throws this over. I don’t know what drives this thing over the hill. Perhaps it’s just exhaustion. When it comes to exhaustion, think about the housing bubble in 2006. We went from people standing in line overnight in Florida, not to get a condo, but the right to enter a lottery to buy a condo — amazing. Guess what, one week later, the lines were gone. No one wanted the things. I think we are going to have some sort of moment like that where people are going to realize ‘what a bubble, I need to cash out.’ Of course, everyone can’t cash out at the same time, and this is what we are going to see.”

    Shedlock also says there is a bubble in the bond market, but he is most fearful of the junk bond sector. Can junk bonds take the whole system down if they blow up? Shedlock says, “Absolutely, and in fact, it is likely the junk bond market that is propping up the equity market. If you go back to 2009, you had corporations that could not get funding. Now, everything can get funding.”

    read more.

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August 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Russia Responds to New US Sanctions by Dumping the Dollar

Well, what do you know? No lack of toilet paper!

  • Russia Responds to New US Sanctions by Dumping the Dollar
    by , http://theantimedia.org/
    (ANTIMEDIA)  Following new sanctions against Russia that President Donald Trump signed into law last week, Moscow responded Monday by announcing Russia will speed up work on reducing the country’s dependence on Western payment systems and the U.S. dollar in general, according to Russia’s state-run RIA Novosti news agency.

    “We will of course intensify work related to import substitution, reduction of dependence on U.S. payment systems, on the dollar as a settling currency and so on. It is becoming a vital need,” said Deputy Foreign Minister Sergei Ryabkov on Monday, as cited by RIA.

    “(Otherwise) we will always sit on their hook, exactly what they need,” he added.

    The sanctions bill, born of U.S. politicians’ continuing accusations that Russia meddled in the 2016 election, was passed by Congress and sent to Trump’s desk for final approval at the end of July. Russia didn’t wait for the U.S. president’s signature, however, and boldly responded within hours the bill’s congressional passage. As CNN reported:

    read more.

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August 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment