Socio-Economics History Blog

Socio-Economics & History Commentary

US Has Largest Debt in World History, Dollar to Lose Status as No.1 Currency – Investor Jim Rogers

  • RT Published on May 24, 2018
    The US dollar is becoming less appealing for investors as American debt continues to soar and the greenback is printed to cover it, investor Jim Rogers said at the St. Petersburg International Economic Forum (SPIEF). https://on.rt.com/95yu

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May 25, 2018 Posted by | Economics | , , , , , | Leave a comment

Russia Ready to Use Euros in Trade If EU Opposes Expansion of Sanctions

  • Russia Ready to Use Euros in Trade If EU Opposes Expansion of Sanctions
    by https://sputniknews.com/
    ST PETERSBURG (Sputnik) – Russia is ready to use euros rather than US dollars in foreign trade if the European Union declares its stance against expansion of the US anti-Russian sanctions, Russian Finance Minister Anton Siluanov said Thursday.

    “As we see, restrictions imposed by the US partners are of an extraterritorial nature… If our European partners declare their unequivocal position [against the expansion of sanctions], we certainly see a way out in using the European currency, the European infrastructure organizations for financial settlements, for payments for goods, services, which often fall under various kinds of restrictions,” Siluanov noted speaking at the St. Petersburg International Economic Forum (SPIEF).

    The minister went on saying that Russia would use European currency and the EU financial institutions in order to pay for goods and services which currently fall under different kinds of restrictions if Europe “declared its unequivocal position” on the necessity of lifting anti-Russian sanctions.

    read more.

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May 25, 2018 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

Italy’s Financial Collapse Sparks Fear In Europe! Massive DEBT CONTAGION Could Crash System!

May 24, 2018 Posted by | Economics | , , , , , , | 1 Comment

The World Prepares As The Dollar Is Pushed To The Side

  • X22Report Published on May 20, 2018
    Countries are now preparing themselves, they have recalled their gold in preparation of dumping the dollar. The petro-yuan is now gaining ground, within a short few weeks it has 12% of the market, the people drive what comes next, when countries add the petro-yuan and dump the dollar this will change everything and it will happen very quickly.

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May 22, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Petro-Euro? Tensions Between EU & US Grow Over Sanctions Against Iran

  • RT Published on May 20, 2018
    The European Commission launched a process to prevent EU firms from being hit by US sanctions on Friday. European firms would also be able to get compensation and loans if they are affected. Shabbir Razvi, director of International Finance Solutions Associates shares his view on the possible outcome of tensions between EU & US.

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May 22, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Emerging Markets MELTDOWN as Stocks, Bonds, Currencies Fall! Markets In PANIC MODE?!

May 22, 2018 Posted by | Economics | , , , , , , , | Leave a comment

Martin Armstrong: Rates are Going to Jump to 10% Instantaneously

  • Martin Armstrong: Rates are Going to Jump to 10% Instantaneously
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Near the end of last year, legendary financial and geopolitical analyst Martin Armstrong said the Trump tax cuts were going to be a very positive move for the U.S economy. He was right. What does he say now about the U.S. dollar? Armstrong predicts, “They keep talking about the U.S. debt is $20 trillion. Global sovereign debt is over $200 trillion. The U.S. basically is holding up the whole world, and U.S. debt is why it is the reserve currency. Europe couldn’t make it because they could never consolidate the debt. . . . What you have is a crisis that has been building in emerging markets to sell their debt they issued in dollars. The dollar going up is what breaks the back of the world monetary system. . . . The world monetary system is going to do great if the dollar goes down. Everybody is going to be borrowing more and say this is fantastic. It’s only when the dollar goes up that we get things that break. . . . The U.S. always wants the dollar down, but it’s not going to work that way. . . . The dollar is probably going to go up pretty strong until late 2021 at the latest. . . . The whole thing is going to break. The Federal Reserve has become the central bank of the world by default.”

    So, where does Armstrong see big trouble brewing? Look no further than the bond market. Armstrong explains, “The bond market is going down. . . . We’ve already started into it. . . .You have to understand both Japan and Europe have destroyed their bond markets. They have completely and utterly destroyed them. They are the buyers. That’s it. There is no pension fund that can buy 10-year paper at 1.3% when they need 8% to break even. They are locking in a 10 year loss. They can’t do it. We have been helping major funds shift into equities because it is the only place they can go. . . . Once you start seeing the cracks in Europe, you are going to see interest rates rise faster than you have ever contemplated in your life. There is nobody in their right mind that can buy an Italian bond at 1.3%. It’s just not going to happen. Once the ECB is forced to stop, those rates are going to jump to 10% instantaneously. Once it starts to crack, that’s it, it’s gone. What is going to make everyone know it is cracking is when you see rates going up dramatically, and the ECB is at a point it just can’t buy any more.”

    Armstrong does not see a big War in the near term, but one is brewing in the Middle East. What Armstrong does see right now is “increasing civil unrest.”

    On gold, Armstrong sees the yellow metal “fighting a stronger dollar” but predicts it will have its day sometime after 2020 to 2021.

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May 21, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

The Global Reset Is Necessary To Cut The BLEEP Off The Banking Machine Starting With Goldman Sachs

  • The Global Reset Is Necessary To Cut The BLEEP Off The Banking Machine Starting With Goldman Sachs
    by https://www.silverdoctors.com/
    Robert David Steele explains the global reset including the close coordination between Putin, Trump, and Xi to make it happen… Robert David Steele interviewed by Sarah Westall:

    Robert David Steele rejoins the program to share his thoughts on Trump’s global geopolitical strategy. Many of us are perplexed by Trump’s actions internationally and this episode we explore some of the actions by Trump and his possibly strategy and ultimate goals. In particular, we discuss the unification of the Koreas, the global economic reset, and the endless wars in the Middle East. We also discuss the ongoing chaos in the United States and the International Natural Justice Tribunal (INTJ) and the significant progress being made on combating child and organ trafficking.

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May 19, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | 1 Comment

Get Ready A New Currency Is Coming?

  • X22Report Published on May 17, 2018
    People of other countries are using cryptocurrency to get their funds out of the country. Iranian people are doing this right now, people of Argentina and Venezuela have done this. Steve Wozniak says that cryptocurrency (blockchain) will achieve its full potential in 10 years. The dollar is dying and a new currency is being ushered in. Jobless claims hit an all time low, last time we saw this happen we entered a recession. The Philly Fed just surged, the last time this happened we entered a recession in 8 months.

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May 18, 2018 Posted by | Economics | , , , , , | Leave a comment

EU to Switch From Dollar to Euro in Payments for Iranian Oil Supplies – Source

  • EU to Switch From Dollar to Euro in Payments for Iranian Oil Supplies – Source
    by https://sputniknews.com/
    MOSCOW (Sputnik) – The European Union is planning to switch from US dollars to euros when paying for the oil supplies from Iran, a diplomatic source told Sputnik.

    On Tuesday, EU foreign policy chief Federica Mogherini said that after talks with the foreign ministers of the United Kingdom, France, Germany, and Iran in Brussels that the sides had agreed to work out practical solutions in response to the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), known as the Iran nuclear deal, within the next few weeks. In particular, the European Union and Iran would maintain and deepen economic ties, including in the area of oil and gas supplies.

    On May 8, US President Donald Trump announced his decision to withdraw the United States from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal. He also vowed to reinstate the sanctions against Iran that were lifted as a result of the agreement.

    The foreign ministers of Germany, the United Kingdom and France have issued a joint statement saying their countries will stay in the JCPOA even if the United States pulls out of it.

    In 2015, Iran, China, France, Germany, Russia, United Kingdom, United States, and the European Union created the JCPOA, under which international sanctions on Iran would gradually be lifted in exchange for Tehran maintaining the peaceful nature of its nuclear program.

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May 18, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Meet The Elite Banker Who Quit The Globalist System To Help Destroy It

  • Meet The Elite Banker Who Quit The Globalist System To Help Destroy It
    by Most people in the banking and financial industries have no clue how economics or monetary policy actually works. Universities do a great job of concealing these types of truths from them.

    Every once in a while, however, even investment bankers become red-pilled about the true nature of the Almighty Dollar—and sometimes they decide to fight back.

    I recently had the pleasure of interviewing former banker and founder of the Danish JFK Party, Mads Palsvig. Before waking up, he was just another financial “expert” playing with numbers and enjoying a lavish salary. But one day while collaborating with a group of colleagues, he was asked how money was created—and it suddenly dawned on him that he didn’t really know where it came from.

    What followed was a tumble down the rabbit hole that eventually led him to found the Danish JFK Party and spread the word about the true nature of fiat currency.

    This interview is jam-packed with insights and revelations ranging from the real effects of state regulations to having dinner with Federal Reserve witch Janet Yellen. Palsvig and I also spoke about the JFK Party’s goals and the resistance we freedom lovers face from the banksters and a willfully-ignorant public. 

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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May 17, 2018 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , | Leave a comment

Europe to Ditch US Dollar in Payments for Iranian Oil – Source

  • It appears Trump has made a ‘fatal’ mistake. It is one thing for Iran to abandon the petrodollar, for Europe to do so means the end of American hegemony.
  • Europe to Ditch US Dollar in Payments for Iranian Oil – Source
    by https://www.rt.com/
    The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti.

    Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

    “I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the source told the agency.

    Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies.

    Mogherini stressed that the sides should jointly work on the lifting of sanctions as an integral part of the historic nuclear deal. “We’re not naive and know it will be difficult for all sides.”

    The Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), was sealed three years ago in Vienna between Tehran and the P5+1 powers (China, France, Russia, UK, US, plus Germany). The agreement saw decades-long international sanctions lifted in exchange for Iran curbing its controversial nuclear program. On January 16, 2016, the parties to the deal announced the beginning of its implementation.

    The lifting of international sanctions gave Iran access to the world’s markets for the first time in nearly four decades. Since then, Tehran has managed to significantly increase its exports of crude.

    read more.

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

Cashless Society and Capital Controls! Welcome To the Future Where Cash is BANNED!

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

Click on image for article.

May 15, 2018 Posted by | Economics, EndTimes, Social Trends | , , , , | Leave a comment

Use Logic, The Deal, We Are At The End Of The Economic Cycle: Charles Hugh Smith

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

Putin Declares Russia Will STOP Using the U.S. Dollar! Guess What They Are Buying?

May 14, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment