Socio-Economics History Blog

Socio-Economics & History Commentary

The Economic Consequences Of Greece!

Eurozone collapse is coming!

Eurozone collapse is coming!

  • The Economic Consequences Of Greece! 
    by Tyler Durden, http://www.zerohedge.com
    Authored by Alberto Bagnai, Brigitte Granville, and Antoni Soy, originally posted at Project Syndicate,
    … When the euro crisis erupted in 2010, European officials realized that they lacked the necessary expertise to manage the threat of sovereign defaults and the potential breakup of the monetary union. For EU officials, avoiding the eurozone’s collapse became the top political imperative, so they turned to the IMF for help. The irregularities in the Fund’s resulting intervention attest to how serious the eurozone’s problems were – and continue to be.

    Another problem is the sheer magnitude of the Fund’s intervention. The size of the Greek debt necessitated lending on a scale far exceeding what other countries could expect. The “exceptional access” to IMF resources granted to Greece in 2010 was set at a “cumulative limit of 600%” of the country’s IMF quota, a measure of a country’s financial commitment to the IMF. Instead, in April 2013, cumulative financing was programmed to peak at 3,212% of Greece’s quota.
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    The reason the IMF had to take on such huge exposure was Europe’s initial refusal to contemplate debt reduction for Greece, owing to the authorities’ fear that financial contagion would overwhelm the eurozone’s firewall-free banking system.

    Initially, the IMF took the official position that Greek debt was sustainable. But IMF staff knew otherwise.
    In 2013, the Fund admitted that its analysts knew that Greece’s debt was not sustainable, but decided to go ahead with the program “because of the fear that spillovers from Greece would threaten the euro area and the global economy.”

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    read more!

Greek_Bailouts_Rescued_European_bankers_not_the_people

http://www.workers.org/articles/2015/02/03/banks-bailed-out-themselves/

Click on image for article!

http://www.attac.org/en/Stories/greek-bail-out-77-went-financial-sector

Click on image for article!

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February 28, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

David Quintieri: Proxy Wars, Economic War & WWIII !

  • Published on Feb 26, 2015
    In this episode of documenting the collapse we meet up with researcher David Quintieri, author of The Money GPS. David and I discuss the Pentagon’s ongoing proxy wars, economic warfare and the crumbling US economy.

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    David notes, “The real wealth of the people is declining year over year. The people have lost faith in their government while at the same time they are more dependent on their government, and this is going to hit a tipping point and then we are going to have a very big problem.”
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    We also discuss cyber warfare, the collapsing derivatives bubble, and the very real danger of NATO and the United States pushing Putin into a new world war which could easily go thermonuclear. Buckle up, and thanks for tuning in.
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    David’s site:
    https://TheMoneyGPS.com/

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February 27, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Prepare! We Are At The Verge of Collapse Says Jonathan Cahn Author of Mystery of the Shemitah!

  • Jonathan Cahn: A Great Shaking and Collapse is Coming! 
    by Greg Hunter’s USAWatchdog.com 
    Best-selling author of “The Harbinger,” Jonathan Cahn, is worried about America. Cahn, whose new book “Mystery of the Shemitah,” warns, “Everything is converging around this time (which is based on 7 year cycles).  I believe we need to be ready, and that’s why I believe I had to write the ‘Mystery of the Shemitah.’  I believe a great shaking is coming.  … a great shaking is coming to America and we need to be ready.”  Cahn goes on to say, “I believe we have a house of cards.  We had that in 2007 and 2008 and everything was wiped out, and we said now we are not going to do this anymore, and we have gotten worse since then.  What I have noticed is there are times when this phenomenon is stronger, and if you look at the 1930’s where you have the Great Depression . . . then the 1970’s and onward.  The key thing, when you look at those two periods, is this comes at a time when America’s debt was at its peak.  Now, this debt level, this house of cards, is astronomical.  What that tells me, the phenomenon of the Shemitah is all the more powerful.  I believe . . . we are going to see a collapse of this house of cards.”
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    How do you get ready for this collapse?  Cahn, who is a Christian minister, says, “The first thing is if you are listening to this and you are not right with God, get your life right because America is rapidly accelerating into a moral collapse and a spiritual collapse.  That’s part of the picture, and the economic part follows that.  But the first thing is get your life right with God.  …

    Cahn goes on to say, “Number two, the Bible says a prudent man prepares.  What do you do?  I am not a financial expert, but I will speak for myself . . . in general, I would not be putting my stock in the stock market or have things attached to it. . . . You should also have essentials in store so if there is a collapse of not only markets, but of infrastructure and services, and these things should break down, that you would be okay for this time period.  I am not a survivalist.  I am more of a revivalist. . . . We say things will always work perfectly, and I don’t believe things will always work perfectly.  I believe we are at the verge of collapse.”
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    On the stock market, Cahn goes on to explain, “I want people to be aware and be warned . . . . In the last 40 years . . . you have these collapses in the markets, long term collapses.  The dates are 1973, 1980, 1987, 2000 and 2007.  Every single one of them is on the seven year cycle.  Not only that, every single one of them happens at the time of the Shemitah.  It’s not just a 7 year cycle, but on the exact appointed time.  This has happened every single time, and the last two have been so exact . . . what you have is the greatest stock market point crash, September 17, caused by 9/11.  That day that it crashed is “Elul 29,” the day that is appointed in the Bible of an exact date you have to wipe out financial accounts and becomes a sign of warning of a nation under judgment.  On the exact day, September 17, 2001, you have “Elul 29” that happens not just once a year, Elul 29 happens every 7 years.  Then, that record stays for the next 7  years until you get to the great crash of the great recession.  The greatest crash in history, September 29, 2008, they ring the bell, and the bell refuses to ring.  They take that as a sign, and on that day comes the greatest crash in American history.  Not only on that day, but it was the wipe-out day of the Shemitah that happens only once every 7 years.  So, the two greatest crashes happened exactly 7 Biblical years apart  down to the day, down to the hour, and down to the minute.  We need to be aware because we have entered the year of the Shemitah, now.  The beginning of the Shemitah is very un-dramatic . . . but if something is going to happen this cycle, the pattern is that it happens at the end of the cycle.  That focuses around the time of September.  This is a time when some of the biggest crashes have happened.”

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February 26, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

Banksters Rig Precious Metals Market!

  • Published on Feb 25, 2015
    Money laundering for terrorists and drug cartels, rigging LIBOR to attack Credit Union competitors, tax evasion — and now rigging the precious metals markets. Chalk up another crime to the usual suspects — the Banksters. Meanwhile, they move to charge depositors a fee for keeping money in their accounts (negative savings rate) as they get money for FREE from the Federal Reserve. But the Fed Chair says don’t audit the private Federal Reserve.

Carroll_Quigley_Tragedy_n_Hope2

Charles_Lindberg_on_FedRes

FD_Roosevelt-Letter_to_Colonel_House-Banksters_owned_US_government_since_Andrew_Jackson

bankster_war_debt_creation_financing_both_sides

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

Click on image for article!

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February 26, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

London and Its Neo-Nazis Are Pushing Hard for World War!

https://larouchepac.com/20150223/london-and-its-neo-nazis-are-pushing-hard-world-war

Click on image for article!

February 25, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

US Govt Controlled Islamic State Expands Into Middle Eastern Countries To Provoke War!

  • Published on Feb 24, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.24.2015
    Greece is heading towards a revolution, new government reneges on promises. Yellen looks at unemployment numbers and gets confused. Case Shiller says housing has faltered. US confidence is now imploding. 8000 men missing in Ukraine draft. US looking at new sanction for Russia. Netenyahu caught in a lie, Iran does not have nuclear weapons. The US Gov controlled Islamic State has been in every country where the US needs to get back into or wants to get into.

Obama-letmebeclear-we_are_going_to_War_against_ISIS_whom_we_funded_armed_n_financed

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February 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Financial War: US Wants to Trigger Wave of Russian Bankruptcies!

Russia_bear-vs-usa_eagle-war

  • Financial War: US Wants to Trigger Wave of Russian Bankruptcies! 
    by http://rinf.com/alt-news 
    Translated by Eric Zuesse, from German Economic News:]
    http://deutsche-wirtschafts-nachrichten.de/2015/02/23/finanz-krieg-usa-wollen-pleite-welle-von-russischen-unternehmen-ausloesen/

    The US government insists on a tightening of sanctions against Russia, and demands that the EU follow suit. Washington now wants sanctions that will have a “devastating” effect, which Russia must “suffer.” Financial measures are planned to trigger a wave of bankruptcies in Russia.

    British Foreign Secretary Philip Hammond over the weekend had a visit by US Secretary of State John Kerry, concerning the US plan. Washington expects the EU to cooperate to force the Russian economy to its knees.

    The US will drastically tighten sanctions against Russia: US Secretary of State John Kerry said this weekend in London that Russia was “guilty of gravely violating the Minsk truce.” Kerry said Russia had the city Debalzewo attacked, and supported paramilitary warriors in the region, and contracted new troops near Mariupol. Kerry said: “This is a violation of the ceasefire. We are serious: there will be more actions that cause additional pain in the Russian economy.”

    He went on: “There is a serious discussion between us and our European allies, as to what sanctions we will bring next and when they are due to come into force. I am confident that there will be additional measures in response to Russia’s violations of the ceasefire.”

    British Foreign Secretary Philip Hammond fully backed the remarks by Kerry. A few months ago American Vice President Joe Biden explained how the US created the EU’s role in the strategy directed against Russia. The collaboration now appears to function somewhat smoother than it did at first.

    At the EU level, politicians can apparently no longer resist America’s pressure. Thus, the EU observer reported several unnamed permanent EU officials saying that further sanctions are inevitable. The EU Observer also quoted a senior US official, explaining America’s strategy. Whether this official is Daniel Fried, who coordinates the sanctions between the US and the EU, is unknown.

    The Americans hope that the next step will have “devastating” impact on the Russian economy. Thus, there could be a wave of bankruptcies among Russian companies, because many companies risk bankruptcy if loans due in dollars during the coming year cannot be rolled over. [Bankruptcy would be expected because the value of the ruble has plunged and many more of them will thus be needed in order to pay the balance due.]

    To achieve this goal and take advantage of the plunged ruble, the US government intends to resort to a technical trick to shorten the duration of existing loans and credits, which Russian banks, energy companies and arms companies have in European and American banks. US officials told the EU observer: “If we want, we can make sure that they are really suffering. The inability to raise new capital hurts most — there is no alternative to US and European financial markets.” [Thus, there will be bankruptcy.]
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    read more!
http://americanfreepress.net/?p=22777

Click on image for article!

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February 25, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , | 1 Comment

World About To Enter A Period Of Immense Financial Destruction And Social Disorder!

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

  • World About To Enter A Period Of Immense Financial Destruction And Social Disorder! 
    by http://www.kingworldnews.com
    Today a 40-year market veteran sent King World News an incredibly important piece that warns the world is about to enter a period of immense financial destruction and social disorder.  This piece exclusively for KWN also discusses why the financial destruction and social disorder will engulf the entire world.

    By Robert Fitzwilson of The Portola Group
    February 23 (King World News) – After much speculation, we now know the outcome of the negotiations between the EU and Greece. The two sides agreed to extend the status quo for another four months in exchange for promises including “flexible labor laws” and “rooting out corruption”. If you had to design a phony conclusion for the meetings, this one could not be any better. A government elected to end austerity agrees to vague promises in exchange for no money and a continuation of the austerity.

    Major Chess Moves Being Made

    Insolvent Japan Passes Massive Defense Spending Bill

    Entire World To Enter Period Of Immense Chaos
    While a global bankruptcy is the only path to a sustainable resolution, the social disruption will be immense as a vast number of people are taken off of the dole and forced back into the real economy. Extend and pretend is the path for deferring the pain, but the future pain remains. It is just a matter of how much time. As pensioners approach the time to draw on government promises, most will find those promises to be empty. Perhaps that is what will trigger the restructuring that lies ahead. That day is not far off.

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    read more!

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February 24, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

Shemitah: Does This Seven Year Cycle of Economic Crashes Predict The Exact Date of The Global Financial Collapse?

  • Shemitah: Does This Seven Year Cycle of Economic Crashes Predict The Exact Date of The Global Financial Collapse? 
    by http://www.silverdoctors.com/ 
    NY Times Bestselling Author Jonathan Cahn of The Harbinger & The Mystery of the Shemitah joins Metals & Markets to discuss the 7 Year Debt Cycle of Economic Crashes that has gone viral in the alternative media: 
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    * Could a 7 year debt cleansing cycle called The Shemitah (literally The Collapse) explain the majority of financial crises in US history, and predict that the next major crash may be only months away?
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    * Cahn explains how WWI, England abandoning in the Gold Standard, The Great Depression, WWII, Black Monday, The 9/11 Market Crash, & the 2008 Financial Crisis ALL can be tied DIRECTLY to this debt cycle year- many down to the EXACT DAY!
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    * Does the debt cycle PREDICT THE EXACT DATE for the coming Global Financial Collapse?

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    Last two US financial crashes occurred on the EXACT DAY predicted by the Biblical date of WIPEOUT- and the CYCLE WAVE PATTERN IS GETTING STRONGER!

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    Could we see not only a dollar collapse, but the fall of America as a nation and empire in 2015?

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February 23, 2015 Posted by | Economics, History, Social Trends | , , , , , , , , , , , , , , | 1 Comment

Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”!!

  • Mr Greenspan is, of course, well aware of the BRICS plan to Return to the Gold Standard. America reneged on the agreement they signed to implement it by last Feb 2014. Mr Greenspan is hinting, most likely, of the Revaluation of the Gold price by China as early as this week to implement a Global Currency Reset ie. Return to the Gold Standard.
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  • The rumoured revaluation is in the order of 2X – 3X ie. gold price will be set to US$2500 – 3600/ounce from US$1203/oz currently. China will offer to buy up all physical gold at the much higher price using their US$2-3 trillion reserves ie. dump the USD, US treasuries for physical gold. (Silver will also be revalued at least 3X higher.)
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  • This shock revaluation of gold price will trigger, easily, US$2 trillions of precious metals financial derivatives (PM price suppression) held by western TBTF criminal banks. The quantity of physical gold that has been stolen (at least 40,000 tonnes) by western banks to suppress gold price will have to be replenish at a much higher price. The western financial system will be shaken to its foundations.
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  • Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”!! 
    by Mac Slavo, February 22nd, 2015, SHTFplan.com 
    With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.
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    But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider conversations and government machinations that have brought us to where we are today.
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    Greenspan recently joined veteran resource analyst Brien Lundin at the New Orleans Investment Conference to share some of his thoughts. According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.
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    We asked him where he thought the gold price will be in five years and he said “measurably higher.”
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    In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.

    He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.
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    read more!

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February 23, 2015 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Man Who Predicted Riots In Athens And Chaos In Markets Now Says World Hurtling Toward Full-Blown Collapse!

US-Debt_Economic-collapse

  • Man Who Predicted Riots In Athens And Chaos In Markets Now Says World Hurtling Toward Full-Blown Collapse! 
    by http://www.kingworldnews.com
    With news of a so-called deal being reached between Greece and the EU, today the man who said There Is No Deal…Riots And Chaos In Athens And Markets On Monday warned King World News that the world is now hurtling toward full-blown collapse.

    Eric King:  “Michael, we’ve had your piece out Central Planners About To Unleash Economic Hell On Earth.  It’s been getting a lot of attention from all over the globe.  It was very unique and I think for some people they related to it because they look around at the invisible hand, which is not so invisible, that is managing the markets, all of the money printing, all of the insanity, and it’s just the same thing day-after-day, week-after-week — nothing seems to change.  And of course everything works until it stops working, but can you talk about this?”

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    Money Printing Is Destroying The World
    Michael Pento:  “Zero interest rate policies and quantitative easing across the globe did not save the world from the Great Recession.  The primary function of taking interest rates to zero percent and printing trillions of dollars — what did that do?  It did two things:  It reinflated old asset bubbles — thus making the rich even richer and destroying the middle class and lower classes.  The second thing it did is it encouraged a massive increase in the amount of aggregate debt outstanding.
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    Global Debt Now A Staggering 290 Percent Of World GDP
    Global debt increased by $60 trillion in nominal terms since 2008.  Let me say that number again — $60 trillion.  So when you make money free and make the amount of money available to be borrowed virtually unlimited, what did people do?  They took on even more debt.  World debt is now close to (a staggering) 290 percent of global GDP.
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    read more!

JohnAdams-2_ways_to_conquer_n_enslave_a_country_sword_n_debt

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February 23, 2015 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

The New Elite for 2015 – New DVD From Pastor Lindsey Williams!

http://www.lindseywilliams.net/the-new-elite-for-2015-dvd

Click on image to order online!

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February 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”!

  • When markets start collapsing: stock market crash, housing market crash …. ie. deflation, the financial/banking system will start to crumble. Banks need inflation for a healthy balance sheet. When deflation sets in, economic activity collapses, loan portfolios contract, bad loans rise … bankruptcies rise .. bank collaterals suffer losses … . The solution to deflation is inflation. Central banksters will implement asset repricing via more money printing, negative interest rates … or a revaluation of the gold price. That is when hyperinflation will start.
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  • Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”! 
    by Mac Slavo, SHTFplan.com, February 19th, 2015 
    It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams  it’s coming one way or the other.
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    The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
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    Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
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    This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
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    read more!

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February 21, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

Jim Willie: Gold Will Return to Its Rightful Throne!

Gold_throne

  • “Today (19 Feb 2015) marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift.  …. Today is the Chinese New Year, a significant event. People have had adequate warning to prepare themselves for conclusion events, certain to occur with fireworks. The USDollar is soon to fade into oblivion. Its rise signals its demise.
    - Jim Willie


  • Jim Willie: Gold Will Return to Its Rightful Throne! 
    by http://www.silverdoctors.com/ 
    Summary
    The new dust bowl has shown itself, as USTreasury liquidity dries up.
    Since 2009, USTreasury debt has increased by 87.5% while the USFed purchases have increased by 417%. It is a travesty.  The USFed is the bond market.
    The USGovt will ride the USDollar over the cliff, as it breaks all global pacts on the Reset.
    The entire world will soon be at war with the United States, since the majority of nations wish to establish trade and monetary system upon gold. The rogue will be the United States, in the final boomerang whiplash.
    The United States will succeed in isolating 85% to 90% of the community of nations, and thus win isolation for itself. The US faces deep risk of falling into the Third World, as those characteristics appear on every corner and every wall.
    2015 has begun with a sequence of rocky events, as unstable factors show their face one by one.
    The USDollar will die a horrible death, and Gold will return to its rightful throne.
    The return of Gold to its primacy is long overdue.
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    By Jim WillieGoldenJackass.com 

    Today (19 Feb 2015) marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift. Let it rain; let it pour. For a full generation, the Western central bankers have relied upon debt to solve debt saturation problems as well as economic slowdowns founded within the credit cycle. In the last four years, they have added reliance upon free cost printed money to solve debt saturation and insolvency problems. The USTreasury Bond market has vanished for all practical legitimate purposes, a harbinger of the USDollar death event. With no surprise to the Jackass, the entire Western financial and economic system is not just decaying, but failing. Witness a systemic failure in progress. For over a year, my drums have been beaten in detailing how the QE bond purchase program kills capital by leading to a rise in the entire cost structure. The endless wars in defense of the USDollar have added to strains. The sanctions have all backfired. While the US leaders pound their chests like Third World demagogues, they preside over ruin with maggots crawling at their boots. The debt picture is abysmal, and grows worse by the month. This article is but a brief survey of the wrecked fields of debt crops. Review some of its many rancid decayed farms. It is not pretty. Remember the bankers in charge call their policy a stimulus. To be sure, it stimulates ruin and fosters systemic failure. Mission Accomplished!
    ….
    CONCLUSION
    Today is the Chinese New Year, a significant event. People have had adequate warning to prepare themselves for conclusion events, certain to occur with fireworks. The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins.

    ….
    read more!
Gold tsunami wave is coming!

Gold tsunami wave is coming!

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February 20, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

As The Collapse Accelerates US Govt/Central Bankers Provoke WWIII ! Obama Says That The Economy Is Poised For A Great Year As The Economy Collapses!

  • Published on Feb 18, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.18.2015
    Greece will receive €3 Billion In Emergency Liquidity from the ECB. In the US mortgage apps cratered by 13%.Striking works at the ports will hurt the economy further. The Baltic Dry Index declined once again. FATCA allows the government to hunt down US citizens. Hungary and Russia make gas transit deals. Patriot Act comes up for renewal in June. Ukraine ceasefire still shaky, DPR captures Debaltseve and the Ukraine army surrenders. Yatsenyuk wants Russia to pay for the war. US senators want lethal weapons delivered to Ukraine. Italy playing up the Islamic State in Libya. US Gov/Central Bankers pushing to go into Libya, Yemen, Lebanon, Iraq, Syria and Iran. US Gov allowing Islamic State/Free Syrian Army call for airstrikes.
  • Published on Feb 19, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.19.2015
    Greece give proposal to the Eurogroup and Germany turns it down. Initial jobless claims increase in Texas and continued claims increase. Caterpillar sales plummet, company spiraling downwards. Shipping orders slump as the BDI continues to fall. Google warns of US government ‘hacking any facility’ in the world. Russia and China dumps treasuries. Russia launches their own SWIFT system. Obama says the economy is poised to be great this year. OSCE can’t confirm the pullout of heavy artillery. Ukraine wants peace keepers which has not been discussed in the Minsk agreement. Europe wants to open a dialog with Assad to fight ISIS.

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February 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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