Socio-Economics History Blog

Socio-Economics & History Commentary

Bix Weir: Disappearance of Dollar Happens This Year!

  • Bix Weir – Disappearance of Dollar Happens This Year! 
    by Greg Hunter’s USAWatchdog.com 
    Financial writer and analyst Bix Weir predicts, “When we have our next crash, and it is coming, I believe it will be here this year, and that’s my final conclusion.  I am looking around September, but I believe it has already started.  When it does come, people will have a different mindset because they have learned so much.  It won’t take too many people to stand in front of an ATM machine and not get their money to be really angry at these people who have rigged our markets and basically stolen our country over the last hundred years.”
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    Weir, who just released a book titled “Silver, Gold, Bitcoin . . . and God,” goes on to say, “People talk about the government taking us over, and they are going to have the police strong arm us.  That’s only as long as the system is up and running.  When the system fails, and it’s obvious that these people have screwed up the world, the police are not going to knock on doors taking houses.  They, more or less, will not even be working because who is going to be paying them?  They are going to go home and take care of their own house and their own friends.  They are going to be just as mad at the government as we are.  It is as very small amount of people who are going to get the blame, and that blame is going to come hard and fast.  There will be justice for all the crimes that have been committed.”
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    Weir thinks the powers that be are preparing for a financial calamity.  Weir contends, “Both the good guys and the bad guys want the crash to happen.  The bad guys want the crash to happen because they know they are in trouble.  They think if they crash the system, they will walk away with whatever they have.”  And why do the good guys want the crash?  Weir says, “They want the crash to end the reign of the bad guys and to end this crazy system we are in now and put in a gold standard, or something to that effect.  They have been planning for this for a long, long time, which includes the Federal Reserve and the Treasury.  There are good guys and bad guys in both institutions.  The thing that has stopped them is the fear of the transition because nobody knows how it’s going to go. . . . There is no doubt there will be chaos. . . . The banks will freeze up and derivatives are going to go sideways, and you are not going to be worried about your 401K.  You are going to be worried about where you are going to get food, gas and water.”
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    read more!

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March 23, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | 1 Comment

When The World’s Reserve Currency Flash Crashed: “I Haven’t Seen Anything Like It Since The Financial Crisis’!

USDX-20150319

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March 23, 2015 Posted by | Economics | , , , , | 1 Comment

Vladimir Putin Proposes “Eurasian” Currency Union!

  • Published on Mar 20, 2015
    As Telegraph reports, Putin made his proposal at a meeting with the Belarussian and Kazakh presidents which highlighted the challenges facing the Russian-led Eurasian Economic Union following the fall in global oil prices and the decline of the Russian rouble.

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    “The time has come to start thinking about forming a currency union,” Mr Putin said after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.
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    Not surprising, considering both Belarus and Kazakhstan have spent a lot of time in the past year alternatively devaluing, and scrambling to prop up their currency.
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    http://www.zerohedge.com/news/2015-03…

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March 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , | 1 Comment

The Central Banks Will Not Be Able to Control This! US$9 Trillion: US Dollar Carry Trade is Imploding!

USDX-18March2015

  • The Central Banks Will Not Be Able to Control This! 
    by Phoenix Capital Research, www.zerohedge.com 
    The biggest issue facing the finacial system today is the US Dollar rally. 
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    The Fed and other Central Banks are trying to maintain the illusion that they have everything in control by talking about interest rates, but the reality is that the US Dollar carry trade is ABOVE $9 trillion in size. That is almost as big as ALL of the money printing that occurred between 2009 and 2013.
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    And it’s imploding as we write this.
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    Globally, the world is awash in borrowed money… most of it in US Dollars. The US Dollar carry trade is north of $9 trillion… literally than the economies of Germany and Japan COMBINED.
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    When you BORROW in US Dollars you are effectively SHORTING the US Dollar. So when the US Dollar rallies… you have to cover your SHORT or you blow up.
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    And the US Dollar has been rallying… HARD. Indeed, the move that began in July 2014 is already larger par in scope with that which occurred during the 2008 meltdown.
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    read more!

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March 21, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

Low Rates Will Trigger Civil Unrest as Central Banks Lose Control – BIS

The BIS warned that the low rate environment could result in a backlash from ordinary people whose savings were being eroded away Photo: AFP

The BIS warned that the low rate environment could result in a backlash from ordinary people whose savings were being eroded away Photo: AFP

  • Serpents warning about the problems they have created, pretending to be saviors, the good guys.
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  • Low rates will trigger civil unrest as central banks lose control – BIS 
    by Szu Ping Chan, http://www.telegraph.co.uk/ 
    Bank for International Settlements warns that low rates risk backlash as effects spill over into the real economy.
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    Low inflation, bond yields and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned.
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    The Swiss-based “bank of central banks” said the “sinking trend” of global rates would push countries further into uncharted territory. It highlighted that $2.4 trillion (£1.6 trillion) of long-term global sovereign debt was now trading at negative yields, with an increasing number of investors willing to pay governments for the privilege of lending to them.
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    “As bond markets show us day after day, the boundaries of the unthinkable are exceptionally elastic,” said Claudio Borio, head of the Monetary and Economic department at the BIS. “The consequences should be watched closely, as the repercussions are bound to be significant.”
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    The BIS warned that the low rate environment, which has already led to gaping pension deficits and lower bank profits, could risk a backlash from ordinary people whose savings were being eroded away.
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    It said 20 central banks had eased monetary policy over the past three months alone. Mr Borio noted that the low rate environment had become so acute that even the International Monetary Fund had set a floor on its special drawing rights – which serves as the IMF’s own form of international currency.
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    read more!
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!

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

US “Isolated” As Key Ally Japan Considers Joining China-Led Bank!

US_Dollar_Toilet_Paper

  • US “Isolated” As Key Ally Japan Considers Joining China-Led Bank! 
    by Tyler Durden, http://www.zerohedge.com 
    Well, that escalated quickly.
    Just a week ago it appeared Washington had managed (for the time being at least) to convince the US’ closest allies to refrain from joining the Asian Infrastructure Investment Bank, a sinocentric institution aimed at promoting development across Asia that is meant to rival the US/Japanese-led ADB and begin a seismic shift away from the world’s traditionally US-dominated institutions such as the World Bank and the IMF. Then, much to the chagrin of Washington, the UK joined as a founding member calling it an “unrivaled opportunity.”
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    As we and many other observers correctly noted at the time, the move by Britain could well embolden other countries who had expressed an interest initially but been deterred by pressure from Washington to reconsider their bids for membership. In (very) short order, everyone from Germany to Australia to Luxembourg was suddenly ready to cast their lot with the Chinese despite US warnings that the bank won’t adopt the proper operational standards. As we said yesterday, the world is now wise to the fact that US criticism of the new venture is very likely nothing more than an attempt by The White House to undermine Chinese regional ambition:
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    … and that means in short order Australia and South Korea will likely be on board and at that point, the stigma the US has created around membership will have completely disappeared (if it hasn’t already), opening the door for other US “allies” to join despite the bank’s alleged “low” standards
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    read more!

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March 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Laurence Kotlikoff: Financial System Will Collapse Just a Matter of When!

  • Laurence Kotlikoff: Financial System Will Collapse Just a Matter of When! 
    by Greg Hunter’s USAWatchdog.com
    Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget.  How bad is it?  Kotlikoff says, “I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year.  Almost all the liabilities of the government are being kept off the books by bogus accounting. . . . The government is 58% underfinanced . . . . Social Security is 33% underfinanced . . . . So, the entire government enterprise is in worse fiscal shape than Social Security is, but they are both in terrible shape.”  So, how much is America on the hook for in the future?  Kotlikoff contends, “If you take all the expenditures that the government is expected to make, as projected by the Congressional Budget Office (CBO), all the spending on defense, repairing the roads, paying for the Supreme Court Justices’ salaries, Social Security, Medicare, Medicaid, welfare, everything and take all those expenditures into the future . . . and compare that to all the taxes that are projected to come in, and the difference is $210 trillion.  That’s the fiscal gap.  That’s our true debt.”
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    Professor Kotlikoff goes on to say, “It will collapse.  It is just a matter of when.  I can’t say when, but all I can say it’s going to be too late. . . . We are seeing signs of this in the economy, but we are not picking it up that clearly.  The macro economy is not doing all that well.”  Kotlikoff goes on to say, “I think our financial system is really built to fail because it combines two things which really haven’t been addressed. . . . It combines leverage, borrowing by the financial middlemen and then investing in things that they don’t tell you they are investing in.  So, there is opacity and leverage.  These are the two major problems for the banking system.  What we need to do is get rid of the leverage and get rid of the opacity.  We need full disclosure of the investments of our financial institutions.”
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    Where can you get a safe investment?  Kotlikoff says forget U.S. Treasury bonds.  “I think they are one of the riskiest securities in the world because interest rates are likely to go up.  I think the Fed is going to have to keep printing money because Congress isn’t paying our bills, and that’s going to lead to inflation eventually.  So, I think long term Treasuries are extremely risky, and they can drop 5%, 10% or 20% overnight.  That could put my bank that was viewed as perfectly safe today out of business.  So we could have inflation take off and interest rates go up.  We could have banks fail, and that could lead to runs on other banks.  That’s the scenario,” says Professor Kotlikoff.
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    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

Even Ed Yardeni Admits “This Is Not Investing… The Markets Are All Rigged”!

  • Even Ed Yardeni Admits “This Is Not Investing… The Markets Are All Rigged”! 
    by Tyler Durden, http://www.zerohedge.com
    “This is not investing,” exclaims Ed Yardeni in this brief clip, “it is all about central bankers… these markets are all rigged.” That is not a criticism he notes, “I just say that factually… I love these central bankers, they’ve been very good to the stock market.” The clip is then followed by a defense of this pumping by central banks, because “we are a 401(k) society.” Which apparently ignores the whole “massive inequality gap” issue that is staring America right in the eyes… But for now stocks are up so “shut up and enjoy it” as Larry Kudlow said yesterday.

    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , | 1 Comment

The Titanic Sinks At Dawn!

Global financial system Titanic hits iceberg!

Global financial system Titanic hits iceberg!

  • The Titanic Sinks At Dawn! 
    by , http://deviantinvestor.com/ 
    What Titanic?  The RMS Titanic, or any of the following:
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    * A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown.  It could happen again since there is now more debt, leverage, and risk than in 2008.
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    * A titanic accumulation of debt – global debt is approximately $200 Trillion. Global population is about 7,000,000,000 so there is about $28,000 in debt per living human being.  If global debt were backed by all the gold mined in the history of the world, an ounce of gold would back $36,000 in debt.  Gold currently sells for less than $1,200.  Gold is undervalued and there is an excess of debt.
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    * A titanic increase in debt in the past decade. Official US debt increased by over $10,000,000,000,000 in the past ten years.  What did the US gain from the increase of $10 Trillion in debt?  Are debt accumulation and expense policies materially different in Europe or Japan?  Was the debt used to create productive assets or was it just flushed down the toilet into non-productive expenditures?  THE BENEFIT IS GONE, BUT THE DEBT REMAINS.  This debt accumulation policy is neither good business nor sustainable.
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    * A titanic bond bubble. Since interest rates are currently at multi-generational lows, or 700 year lows in Europe, or perhaps all-time lows, that strongly suggests a bubble in bonds.  Would you buy a bond from an insolvent government knowing the government will pay you next to nothing in interest over the next ten years?  Further, the government is guaranteeing a devalued currency so any dollars, euros, or yen you eventually receive will be worth much less in purchasing power than today.
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    * A titanic currency bubble in the US dollar, which just hit a 12 year high after a parabolic rise since May last year. Experience with parabolic rises suggests extreme caution.
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    * A titanic collapse in the crude oil market. Supply is strong, demand is weak, and prices have fallen to about $45 from about $105 last June.  The last time crude oil prices fell was from July to October 2008, a most difficult time.
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    The titanic creation of paper assets such as bonds, currencies, and stocks has created substantial risk.  That risk has spilled over into the crude oil, gold and silver markets since they are strongly influenced by the paper derivative markets – paper contracts for crude oil, paper gold, and paper silver.  Leverage and derivatives magnify risk.  The instability will eventually create a second version of the 2008 recession/depression.
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    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

De-Dollarization Accelerates As More Of Washington’s “Allies” Defect To China-Led Bank!

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

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

  • De-Dollarization Accelerates As More Of Washington’s “Allies” Defect To China-Led Bank! 
    by Tyler Durden, http://www.zerohedge.com
    The global de-dollarization trend continues as it appears the UK’s move to join the China-led Asian Infrastructure Development Bank has indeed shown other US “allies” that spurning Washington’s advice is actually acceptable and concerns about the institution’s “standards” may simply be a diversion aimed at undermining China’s attempt to exercise more influence in its own backyard. Here’s more from the NY Times
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    Ignoring direct pleas from the Obama administration, Europe’s biggest economies have declared their desire to become founding members of a new Chinese-led Asian investment bank that the United States views as a rival to the World Bank and other institutions set up at the height of American power after World War II.

    The announcement on Tuesday by Germany, France and Italy that they would follow Britain and join the Chinese-led venture delivered a stinging rebuke to Washington from some of its closest allies. It also called into question whether the World Bank and the International Monetary Fund, which grew out of a multination conference in Bretton Woods, N.H., in 1944 and established an economic pecking order that lasted 70 years, will find their influence diminished.
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    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Dragon Rising: China Backed International-Bank Sparks US Outrage!

  • Published on Mar 17, 2015
    The institution will directly compete with the America-backed World Bank and the IMF. It will provide loans for infrastructure projects – some of which would be unlikely to get support elsewhere.

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March 18, 2015 Posted by | Economics, GeoPolitics | , , , , , , , | 1 Comment

America’s European “Allies” Desert Obama, Join China-Led Infrastructure Bank!

Death_of_dollar_RIP

  • The fractures in relationship between USA and Europe is becoming public. The deep divisions in NATO between USA and Germany/France are about to come out in the open. It is almost game over for America and the US dollar!
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  • The BRICS alliance total assault on the western Illuminati’s global hegemony is working. The AIIB is a replacement to the (Anglo-American centric/controlled) IMF and World Bank. Both Russia and China are ready with their SWIFT alternatives. China is asserting control in the precious metals market on 20 March 2015.
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  • America’s European “Allies” Desert Obama, Join China-led Infrastructure Bank! 
    by Tyler Durden, http://www.zerohedge.com
    It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to be Plan B for Europe. As Greg Sheridan previously noted, “the saga of the China Bank is almost a textbook case of the failure of Obama’s foreign policy,” but as The FT concludes, the European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside. As Forbes notes, this leaves Obama with 3 uncomfortable options
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    As The FT reports, 
    France, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution.

    The decision by the three European governments comes after Britain announced last week that it would join the $50bn Asian Infrastructure Investment Bank, a potential rival to the Washington-based World Bank.


    The European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside and pushed for higher lending standards.
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    read more!

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March 18, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

Super-Bubbles And Unprecedented Global Collapse – Time Is Running Out!

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  • Super-Bubbles And Unprecedented Global Collapse – Time Is Running Out! 
    by http://www.kingworldnews.com
    Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that we are now living in world of super-bubbles that has the planet headed toward an unprecedented global collapse and, importantly, time is now running out.

    Egon von Greyerz:  “Eric, we are now at the endgame and this is the biggest economic and financial bubble in history.  Virtually every country in the world is under enormous pressure.  But one country believes it is immune to all these problems around the world and that is, of course, the United States.

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    With both U.S. stocks and bonds near the highs and the dollar (recently) surging, it seems that the U.S. is still an invincible superpower.  But sadly, Eric, the U.S. will just be the last country to fall and that fall is imminent….
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    read more!

Global_Economic_Crisis

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March 17, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Billionaire Eric Sprott Just Made The Most Terrifying Prediction Of 2015!

Global meltdown coming! The world economy TITANIC is about to hit an iceberg!

Global meltdown coming! The world economy TITANIC is about to hit an iceberg!

  • Billionaire Eric Sprott Just Made The Most Terrifying Prediction Of 2015! 
    by http://www.kingworldnews.com
    Today billionaire Eric Sprott warned King World News that the entire global financial system is now facing the greatest danger in history.  He then issued the most dire prediction of 2015.

    Eric King:  “We had (the stock market collapse) of 2001 – 2003.  Then we had (the more intense collapse of) 2007, 2008, 2009.  The next one (collapse) is going to be worse because that’s just how these cycles progress.  As you know, they (seizures in the global financial system) get more violent and the collapses become more and more intense.  People couldn’t imagine it would get worse than 2001 – 2003, and yet we had 2007 – 2009.  This one that’s in front of us, I’m assuming it’s going to be the mother of all collapses.”

    Eric Sprott:  “Two words that come to my mind, Eric, ‘No bid.’  In other words, if you take the central planners out of the market, there is no bid….

    It’s So Preposterous
    “So who’s going to buy it?  Who in their right mind would be buying bonds with a negative yield?  It’s just so preposterous. And all of the sudden if the bond buyer is not there — we used to think it was so great that China would buy our bonds.  They don’t buy our bonds (anymore).  Russia used to buy our bonds — they (now) sell our bonds.

    No Bid Means Collapse
    The only entities buying the bonds are the central banks.  Well, you take the central bank out of it and there’s no bid.  That’s why I use the phrase, ‘I hope we are not right one day,’ that all of the sudden it (the entire global financial system) just collapses.

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    read more!

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March 14, 2015 Posted by | Economics | , , , , , , , , , | 1 Comment

Global Currency Soon? China “Actively Communicating with IMF to Include Yuan in SDR Basket Currency”!

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!

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!

  • Global Currency Soon? China “Actively Communicating with IMF to Include Yuan in SDR Basket Currency”! 
    by Mac Slavo, SHTFplan.com 
    It looks like things are moving a lot faster than anyone could have imagined. Last week, reports circulated that China was positioning itself to become the world’s next reserve currency, and even putting up billboards advertising the global importance of the renminbi to travelers in the Asian world.
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    Now, China is making public moves to make that a formal reality – a process that has been going on behind the scenes at least since the 2008 financial crisis. China’s leaders are reportedly in talks with the IMF about the process of drafting the renminbi into the Special Drawing Rights (SDR) basket of currencies, which include the U.S. dollar, the British pound, the Euro and the Japanese yen.
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    According to the BRICS post:
    China is pushing for the International Monetary Fund to endorse the Chinese yuan as a global reserve currency alongside the dollar and euro.

    A senior Chinese central bank official said Thursday that the country is “actively communicating” with the IMF on the possibility of including the yuan, or RMB, in the basket of the Special Drawing Rights (SDRs).

    Including the yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.

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    “We hope the IMF can fully take into account the progress of RMB internationalization, to include RMB into the basket underlining the SDR in foreseeable, near future,” said Yi Gang, vice governor of the People’s Bank of China.
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    The timing is no coincidence, as the International Monetary Fund (IMF) is scheduled for an end of 2015 review of its basket of currencies, a process which takes place only twice in 10 years.
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    read more!
http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article!

http://www.thenewamerican.com/economy/economics/item/4489-imf-report-promotes-world-currency

Click on image for article!

Luciferian_New_World_Order_Koch_n_Spangler

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March 14, 2015 Posted by | Economics, GeoPolitics | , , , , , | 1 Comment

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