Socio-Economics History Blog

Socio-Economics & History Commentary

Negative Interest Rates to Completely DESTROY Global Economy! Here’s Why.

August 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Dollar Disaster Looms? China and Russian Currencies Break Away

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

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

  • Dollar Disaster Looms? China and Russian Currencies Break Away
    by http://www.thedailybell.com/  
    Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble. In effect, money creation in Russia was removed from state sovereignty and tied to the US dollar.”

    2016: “The Stolypin club report advises to increase the investment, pumping up the economy with money from the state budget and by the issue of the Bank of Russia”. Putin decided to follow the Stolypin club advice as the new monetary policy of the country. -Before It’s News

    Money is changing fast and the US dollar is going to crash. Here’s an excerpt from yet another recently published article (translated from the Russian) describing how the ruble may now evolve (here).

    We must nationalize the ruble. What does it mean? It means that we must separate the internal markets from the external ones.

    … Thus, the first step for Russia is secession from the IMF and others similar institutions designed to keep the entire world in bondage. The dollar noose must be cut.

    Now the amount of printed rubles will not be determined by how many dollars we have but by the actual needs of our economy.

    … We have absolutely no need in the central bank in its current form, but we do need a financial regular. Under any regime, it was the Treasury that performed this function. Let it remain the same now regardless of the official name. It may continue to be called the Central Bank. If the essence is changed, there is no need in changing plaques.

    You can also see an article (here) that goes into this issue more deeply and claims that Putin has in mind backing a portion of the ruble with gold as well. (We should note there are claims the  ruble is backed by gold already.)

    The dramatic – historical – Russian currency changes (if these articles are accurate) seem a little difficult to discern in full at this moment, but obviously things are changing fast. And they are changing for China’s “money” as well. In fact, some have speculated China and Russia could launch a joint, gold-backed currency (here, see bottom of article).

    read more.
Remember the Golden Rule: "He who has the gold Rules!"

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

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August 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Unraveling of Economy – Signs Have Arrived | Rob Kirby Q&A

  • Published on Aug 20, 2016
    IN THIS INTERVIEW: 

    – Derivatives used for globalist control ►0:50 
    – What is the difference/impact of Open Interest, Commitment of Traders & Precious Metal Futures? ►6:40 
    – What in your opinion are some of the key things to watch for that maybe a sign that things are going to turn over and go belly up? ►11:36 
    – Are there things that you recommend we Canadians should do different in preparation for the US dollar devaluation…for example will our dollar be devalued just like the American? ►13:50 

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August 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

EURO HAS FAILED: Mistrust And Money Wars Sparks Claims Juncker’s EU is Finished

http://www.express.co.uk/news/world/702032/EURO-HAS-FAILED-Mistrust-and-money-wars-sparks-claims-Juncker-s-EU-is-finished

Click on image for article.

http://www.b92.net/eng/news/world.php?yyyy=2012&mm=06&dd=20&nav_id=80854

Click on image for article.

August 20, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , | Leave a comment

Breaking: Unprecedented Exec. Order Just Signed | Rob Kirby

  • Published on Aug 18, 2016
    IN THIS INTERVIEW: 

    – Executive Order — Providing an Order of Succession within the Department of the Treasury ►0:51(Executive Order link: https://www.whitehouse.gov/the-press-…
    – Don’t trust the media – Trump is actually winning ►11:28 
    – Can the media stop Trump? ►16:18 
    – Can Obama stop Trump? ►18:53 

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August 19, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Willem Middelkoop: IMF’s ‘Substitution Fund’ to Kick-Start SDR as New Global Currency?

  • Willem Middelkoop: IMF’s ‘Substitution Fund’ to Kick-Start SDR as New Global Currency?
    by http://lonestarwhitehouse.blogspot.com/  
    Willem Middelkoop (OMFIF Advisory Board) has published a new article intended as a current update to his book The Big Reset . This is an excellent and well documented piece that traces the history of various proposals to broaden the use of the SDR and also studies that have looked at anchoring the SDR to gold in some way in the past. 

    Below are a couple of brief excerpts from the paper and then a few added comments.
    ——————————————————————————————-

    The Big Reset (2013) fully explains the need for a major reform of the world’s financial system. At that time of publication, most people still had no clue what form the unfolding financial endgame would take. A few years further on, and as interest rates have reached a level not seen in 500 years, many are now starting to agree major monetary changes are needed urgently.

    Two major problems need to be addressed. First we will need to find a new anchor for the world’s monetary system, and secondly, worldwide debt restructurings, comparable to debt jubilees in ancient times, have to be arranged. Debt jubilees are still a step too far in the current global mental state, hence full focus is on the structuring of a new anchor.

    “Since the outbreak of the financial crisis, the Chinese have pressured the U.S. to change the current dollar-based monetary system. The Chinese, ever more in the driving seat of global finance, have made it very clear that the Special Drawing Rights (SDR or IMF-money) of the IMF is the preferred future international world reserve currency.”
    . . . . .
    “So there you go, to include a commodity like gold into the SDR as a six currency component could help to make the SDR, more neutral to global cycles and more representative of the shift in economic power witnessed over the last two decades.

    The idea of adding gold to the SDR was also studied by professor Catherine Schenk in 2011. According to her study to, ‘re-introduce a role for gold in the international monetary system’ would,  ‘provide a counterweight to the impact of the depreciation/appreciation of the US$’, and could, ‘reduce vulnerability to the USD exchange rate’. (1)

    Professor Robert Mundell, a special advisor to the Chinese government, is also in favor of bringing gold back to the monetary system: (9)

    read more.

James_Rickards-RIP_Petrodollar_March1975-4Sept2016

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

Click on image for article.

https://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article.

http://thenewamerican.com/economy/economics/item/14579-killing-the-dollar-g20-imf-push-for-global-fed-global-currency

Click on image for article.

http://www.thenewamerican.com/economy/economics/item/20833-imf-the-new-global-fed

Click on image for article.

Ron_Paul_Merger_of_ECB_FedRes_BOJ_WorldCentralBank

  • “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
  • “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul
http://www.thenewamerican.com/economy/economics/item/4489-imf-report-promotes-world-currency

Click on image for article!

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

Click on image to goto article!

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August 18, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

When The Economy Crashes There Will Be A Reallocation Of Money Not A Reset: Bix Weir

August 17, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Bill Murphy: Silver Going to Move Up Faster Than Anybody Can Imagine

  • Published on Aug 14, 2016
    Co-founder of the Gold Anti-Trust Action Committee (GATA), Bill Murphy, has long charged cartel banks suppressed gold and silver prices. Murphy has been proven 100% correct. He now charges, “The real key for this gold cartel, as we call it, is the suppression of the gold price. They realized a long time ago they couldn’t have a dichotomy between the silver and gold. So, they got involved in the silver market (to suppress the price) to make gold look like it should be doing what it is. The problem is they are running out of physical silver to keep the price down. . . . Eventually, you are going to get a commercial signal failure in silver, which means these so-called commercials, which is a misnomer because they are not commercials, they’re gold cartel trying to keep the silver price down. They know when they lose control of silver, and it gets to $21 (per ounce), it will be the end of their gold suppression scheme. . . . It will be a gradual process because the price of silver is going to go bonkers. It will show what they have been doing all these years. I think they are finally reaching a tipping point. . . . The death knell to the gold cartel is the lack of supply of silver to keep the price down. . . . I think you are going to see the double top of $50 be taken out and go to at least $100 per ounce and maybe a lot more. I think it’s going to move up faster than anybody can imagine. . . . Gold is going to move to some big number also. . . .If gold kept pace with inflation, it would be double what it is today.”

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August 17, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Willie: Are We Weeks Away From The Worst Global Crisis In History?

August 16, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

We Will Not Escape 2016 Without A Catastrophic Financial Event: Andy Hoffman

August 16, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Worldwide Debt Bubble & Currency Collapse | Marc Faber

  • Published on Aug 11, 2016
    IN THIS INTERVIEW: 

    – Ahead: a crisis worse than 2008 ►0:54 
    – Young adults will earn less than their parents and die with less than their parents ►2:56 
    – How to weather the hard times ahead ►7:41 
    – How much gold is enough? ►11:01 
    – What form of precious metals is best? ►13:27 
    – U.S. presidential race ►15:12 

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August 13, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

US Government Just Went Into Overdrive Pushing War

  • Published on Aug 11, 2016
    Germany proposes tougher security laws. Russia stopped a coup in Crimea. Now Ukraine moves troops to the Crimean border. US responds to what happen in Crimea, we know nothing. Russia presents facts to the US but the US orchestrated the operation. The US and Kiev are preparing for a major offensive in Ukraine. Erdogan is moving closer and closer to Russia and is going moving towards dumping the dollar. Russian forces bombed the US controlled terrorist chemical factory.
From: Vintage 'Trees' music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

From: Vintage ‘Trees’ music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

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August 13, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Erdogan Threatens To Abandon US Dollar In Trade With Russia

James_Rickards-RIP_Petrodollar_March1975-4Sept2016

  • Erdogan Threatens To Abandon US Dollar In Trade With Russia
    by Tyler Durden, http://www.zerohedge.com 
    The unexpectedly sharp antagonism between Turkey and the west accelerated today, and one day after NATO preemptively reminded Turkey that it is still a NATO alliance member and advising Ankara that “Turkey’s NATO membership is not in question”, Turkey had some more choice words for its military allies. Cited by Reuters, Turkey foreign minister Mevlut Cavusoglu told Turkish’s NTV television on Thursday that the country “may seek other options outside NATO for defense industry cooperation, although its first option is always cooperation with its NATO allies.” Translation: if Russia (and/or China) gives us a better “defensive” offer, we just may take it.

    The sharply worded retort came on the same day that Turkey said it will resume airstrikes on Islamic State targets in Syria, and asked Russia to carry out joint operations against its “common enemy.”  Ankara halted strikes after the downing of a Russian plane by Turkish forces last year.

    In the same interview, Cavusolgu said that Ankara “will again, in an active manner, with its planes take part in operations” against Islamic State targets. Cavusolgu also said that Ankara has called on Moscow to carry out joint operations against the “common enemy” of IS. “Let’s fight against the terrorist group together, so that we can clear it out as soon as possible,” Cavusolgu said, adding that otherwise IS will continue to expand and spread into other countries.

    To be sure, coming from the nation which directly engaged in oil trade with the Islamic State, this is at least a little ironic, however, what is notable is the significant pivot Turkey has made vis-a-vis military engagements, rotating not toward the US alliance, but toward the Kremlin.

    “We will discuss all the details. We have always called on Russia to carry out anti-Daesh [IS] operations together,” he said, adding that the proposal is still “on the table.” The foreign minister went on to tout the benefits of closer cooperation between Turkey and Russia.

    read more.

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August 12, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

BFI Insights: The War On Cash

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

Click on image for article. Needs subscription.

  • BFI Insights: The War On Cash
    by , http://mountainvision.com/  
    When the term first made it into the mainstream media, about 6 years ago, to describe the rise of anti-cash regulations, it was hard to predict the international snowballing effect that would today establish it as one of the most powerful monetary policy waves in modern economic history.

    At first, national governments started gently “nudging” citizens to embrace more modern and convenient alternatives, initially by transitioning state-related payments and services, like tax collections and welfare payments, into the banking system. Soon thereafter, they also began placing restrictions on cash transactions. Starting in 2011, Spain and Italy outlawed cash transactions over certain limits, €2500 and €1000 respectively, then Belgium and Portugal followed suit and France reduced the limit from €3000 to €1000 in 2015, while Germany, to the public’s great displeasure, announced plans to ban cash payments of more than €5000. As shown in the chart below, the regulatory wave effectively swept through Europe and soon became the “new normal”. In the meantime, Norway’s biggest bank DNB called for a total ban on cash, while Sweden’s plan for a cashless society, meant that now in more than half of the branches of the country’s largest banks, no cash is kept on hand, nor are cash deposits accepted. However, the term “war on cash” was really catapulted into the headlines this February, when ECB President Mario Draghi announced his plans to scrap the €500 note. The very next day, Harvard economist and former Secretary of the Treasury, Larry Summers called for the elimination of the £50, the €500, the Swiss CHF 1,000, as well as the $100.

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

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

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http://www.infowars.com/financial-times-calls-for-abolishing-cash/

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August 12, 2016 Posted by | Economics, GeoPolitics, History, Social Trends | , , , , , , , | Leave a comment

Realist News: China & BIS Negotiating Deal to Settle Global Contracts in GOLD at $5,000 — Jim Willie

August 11, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

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