Socio-Economics History Blog

Socio-Economics & History Commentary

Michael Pento: Super Spike In Precious Metals Coming. Worldwide Depression Coming, Buy Gold

  • Michael Pento: Super Spike In Precious Metals Coming. Worldwide Depression Coming, Buy Gold
    by Greg Hunter’s USAWatchdog.com 
    Money manager Michael Pento says it’s not a matter of if the economy tanks, it’s only a matter of when. The next downturn is going to be the worst–ever.  Pento explains, “The mainstream financial media and most of Wall Street . . . will say that the increase of interest rates, the great deleveraging process has been consummated, and central banks can raise interest rates and then call it a “beautiful deleveraging,” a beautiful process.  That is a lie. . . . There is $240 trillion of global debt.  The bond bubble is bursting. . . . Why are emerging markets crumbling now?  It’s because the bond bubble is in the process of bursting.  As that bubble bursts, look for this chaos to metastasize across the globe.”


    Pento, who is also an economist, goes on to say, “I believe this will bring down real estate prices, equity market values and start currency chaos. Unfortunately, a worldwide depression is coming like we have never seen before because we have never before had so much debt sit on top of artificially depressed interest rates.  The hubris and arrogance of central banks to take that away, they are way too late in doing so, and they think they can do this with impunity.  They are dead wrong.  They (central banks) have always caused recessions.  We are heading into a global depression.  The question is what are central banks going to do about it this time?  The Federal Reserve does not have a Federal Funds Rate they can take to zero percent.  They don’t have a balance sheet that is $800 billion.  They have a balance sheet that is $4.3 trillion. . . . The steps that they are going to take after this depression, the powers that be, the Illuminati are pushing things like negative interest rates, universal basic income and helicopter money to re-inflate asset prices, which will be plunging from record high altitudes.”

    Pento says we will have “deflation” first and then “runaway inflation.” Pento says this means gold is the place to be for the foreseeable future.  Pento contends, “There is going to be a run on gold like we have never seen before.  There is going to be a super-spike in the precious metals. . . . These are unprecedented times coming, and you should take physical possession of your gold.  I like gold and I like silver, and I like platinum.  I most especially like gold though. . . . This is happening now.  The bond bubble is bursting.”

end

May 10, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Willie: Impact of US Trade Wars

Click on image to download MP3 interview.

  • Jim Willie: Impact of US Trade Wars
    by Ochelli Effect 5-4-2018  Jim Willie
    Friar’s Day Ochelli Effect begins with the force of a kicking Jackass Golden. Jim Willie, The editor in chief and founder of The Hat Trick Newsletter & GoldenJackass.com, explains the stupidity of a trade war via tariffs, quickly expresses what he sees happening in the headlines, and then tells us where the oil for dollars paradigm has gone to die. Russian bread for your turkey sandwich? Where have all the dollars gone? The Saudi Prince on his American tour seems to have been a shopping spree. What was he buying? We all know many Asian countries are big players in the game of cutting edge technology, but is Germany, the silent partner that counts? Is the United States Military industrial complex the most reliable customer for newer tech that isn’t consumer grade? Import tariffs impact war trades  Asian trade agreements going big. The bricks in some walls getting built. American treasury holdings are going home. We didn’t even mention the volcano in Hawaii. Who’s got time? Much like lava cracks the ground, Jim thinks cracks in the globalist stranglehold are showing. Do Italy and recent banking revolts mean anything? Was Macron a bad choice for the French-speaking part of the Cabal? Does Jim still think the S.C. swamp is slated to be drained? Who pays for the pipelines? Currency devaluation will be a regular adjustment device. Listen and learn. Then GET The Hat Trick Newsletter… http://goldenjackass.com/main5.html

end

May 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Forget About 2008, This Crash Is Going To Be Much Worse: Gregory Mannarino

May 8, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: A Global Monetary Reset is Just a Matter of Time — Gold Will Be Revalued to At Least $10,000/ounce

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

  • This calculation/valuation of price of gold does not include a debt jubilee. Ie. The $10,000/ounce figure is based on backing the money supply with gold. For gold to be used to extinguish debts, bailout banksters … ie debt jubilee it has to be multiples of $10,000/ounce.
  • Jim Rickards: A Global Monetary Reset is Just a Matter of Time — Gold Will Be Revalued to At Least $10,000/ounce
    by , https://dailyreckoning.com/
    “Money Is Gold — and Nothing Else”

    Today I’ll provide an overview on why I recommend gold in every portfolio, and why gold may be the best performing asset class in the years ahead. Specifically, my intermediate term forecast is that gold will reach $10,000 per ounce in the course of the current bull market that began in December 2015. I recommend that investors keep 10% of their investable assets in physical gold (with room left in the portfolio for “paper gold” in the form of ETFs and mining stocks). Here’s the analysis:

    We begin with the 10% allocation. The first step is to determine “investable assets.” This is not the same as net worth. You should exclude your home equity, business equity and any other illiquid or intangible assets that constitute your livelihood. Do not take portfolio market risk with your livelihood or the roof over your head. Once you’ve removed those assets, whatever is left are your “investable assets.” You should allocate 10% of that amount to physical gold.
    ….
    This gold should not be kept in a bank safe deposit box or bank vault. There is a high correlation between the time you’ll want your gold the most and the time banks will be closed by government order. Keep your gold in safe, non-bank storage.

    The next part of the analysis concerns my $10,000 per ounce forecast for the dollar price of gold. This is straightforward.

    At that point, either the U.S. acting on its own or a global conference resembling a new Bretton Woods will turn to gold to restore confidence. Once that route is chosen, the critical factor is to set a non-deflationary price for gold that restores confidence, but does not lead to a new depression.

    Here’s the math on how to compute a non-deflationary price of gold using the latest available data:

    read more.
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=10&fiidarticulo=281

Click on image for article.

end

May 7, 2018 Posted by | Economics | , , , , , , | Leave a comment

Jim Sinclair: Goldman Sachs is Preparing for the Global Reset by Hiring Thousands of Computer Programmers

  • Jim Sinclair: Goldman Sachs is Preparing for the Global Reset by Hiring Thousands of Computer Programmers
    by Jim Sinclair, https://www.jsmineset.com/
    Banks need to be prepared for the RESET, when it occurs. Banks need to have the technology already in place when a RESET happens.

    It makes perfect sense for Banks to hire computer programmers/engineers. 25% of Goldman Sachs workforce is computer programmers. It is no secret to anyone that the cutting edge and state of the art technology in finance is toward digital, cashless, crypto-currency and block chain technology. The demand for programmers to develop this technology is unavoidable. Dedicating a high percentage of a bank’s workforce to a RESET transition makes absolute sense, and would certainly be an imperative for any financial institution.

    Since Goldman Sachs’ has shrunk their market makers from a workforce of 500 down to 3, it therefore seems unlikely that the programming efforts are being aimed at the markets. Why would 9,000 programmers and state of the art technology be needed when a financial institution is shrinking an area of business focus?

    It could be postulated that programmers are developing Artificial Intelligence (AI) in finance. Banks are the entities of the 1% elite, and have an unsurpassed psychological need for control. Such entities are manifestly controlling, and would be extremely unlikely to give financial control to anyone or anything, particularly something they could not control. The need to control would eclipse any notion of AI in the financial and banking institutions.

    Let’s read between the lines in the programming agendas and efforts of large banks. Often, what is not said is more important and more telling than what is actually stated. In the case of the following article, what is taking place in the workforce of Goldman Sachs’ tells more by what isn’t said. There is no mention of digital or cashless, etc. Let’s let the employment of engineers and programmers speak for itself since we already know the financial trend is toward digital and cashless technologies. It isn’t rocket science to read between these lines. What is unsaid about this hiring and this trend is plainly conspicuous by it’s absence. See article below…

    Computer Engineers Now Make Up A Quarter Of Goldman Sachs’ Workforce
    by http://www.cnbc.com, April 30, 2018
    Goldman Sachs’ David Solomon said the bank now employs thousands of engineers in its effort to stay on the cutting edge of financial technology.

    Keeping up in modern finance “requires a lot of investment,” said Solomon, president and next in line to be CEO at the firm, from the Milken Global Investment Conference on Monday. Companies such as Goldman need to answer questions like “how to hold on to your legacy businesses but create an environment that’s conducive” to innovation, he added.

    read more.

end

May 5, 2018 Posted by | Economics | , , , | Leave a comment

Smoking Gun: 2021 – The Year of Collapse — Lynette Zang

  • Smoking Gun: 2021 – The Year of Collapse — Lynette Zang
    by SGTreport:
    You know about the crimes of the untouchable international banks, including the rigging of LIBOR rates which dwarfs even the magnitude of their precious metals markets manipulation. Well, it’s gotten so bad that the banks are attempting to ditch LIBOR all together by 2021. According to Bloomberg, “The 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap of history.” And Lynette Zang thinks what this will mean for the more than $350 TRILLION in securities which LIBOR underpinned, is nothing short of a calamity: a total collapse. The clock has been ticking since long before the 2008 crisis, and Lynette believes the global debt bomb will finally detonate in 2021.

end

May 5, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Global Currency RESET Challenge: Ultimate Twist

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

  • Global RESET Challenge: Ultimate Twist
    by Jim Willie CB, GoldenJackass.com , via http://www.goldseek.com/
    The Global Currency RESET has 100 steps and the first 10-12 appear complete. This is not a fantasy, but very real and in progress. Its progress is not very visible to most observers. Some important steps are seeing tremendous progress, but they are executed in the East with very little press coverage by the insidious lapdog Western press networks. Review many of the RESET features, but in summary form. These are covered steadily in the Hat Trick Letter reports.

    LOST GLOBAL RESERVE STATUS
    USDollar will no longer have sole global currency reserve status. As central banks across the globe discharge (dump) a sizeable portion of their USTreasury Bond holdings, they will seek alternatives. They will choose Gold bullion and Chinese Govt Bonds more often, in addition perhaps to more Euro Bonds. The trend of USTBond dumping has been very noticeable for the last two years. It comes from both the intentional motivated reduction in USD-based FOREX holdings, but also from Indirect Exchange. The latter is a practice of using USTBonds for instance in large projects as cash payment from two parties, like with China and Russia in building an oil pipeline. In the aftermath, Gold will benefit with more physical demand for bank reserves in direct asset placements without counter-party risk.


    read more.

end

May 4, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Charles Nenner: Bloodbath Dow 5,000 Coming in 2020

  • Charles Nenner: Bloodbath Dow 5,000 Coming in 2020
    by Greg Hunter’s USAWatchdog.com
    Renowned geopolitical and financial cycle expert Charles Nenner says, “The mainstream media talking heads are telling you to buy, but never tell you to sell.” Nenner says the time to sell stocks is getting close and explains, “It’s just a hopeless situation. I feel sorry for people who invest their money. We have had a nice ride, but soon the whole thing will come tumbling down. They listen to all these things and have no clue on how to invest . . . . I think soon . . . this will become the longest expansion in financial history. . . . So, this could be the longest expansion ever, what are you playing with? You are gambling with nonsense. So, it’s over.


    Nenner goes on to say, “Then, you have the inflation story. The inflation story is brought about by people who don’t do their historical homework. They remember for the last 30 years, there was always inflation. So, they continue to talk about inflation. I proved that in most of the financial history that deflation is the norm. . . . They have talked about inflation for two years, and there is still no inflation. . . . Copper is going down. Crude is going down, and we have a deflation problem, not an inflation problem.”

    Nenner is predicting interest rates “are going down” and not up in the foreseeable future. Nenner is also calling for the stock market to go on a “downward slide through the year 2020.” Nenner says, “I can’t explain it, but the cycle topped, and the cycle is down until 2021.”

    How bad will it be? Nenner says, “Very bad. I called for Dow Jones 5,000, and I still call for Dow Jones 5,000. . . . It’s going to be a blood bath, but as I said the last time, in the 1990’s when the Dow was 5,000, the world still looked okay.”

    Is there a big debt reset coming? Nenner says, “The last time we were in this situation was when Roosevelt was President. It was very interesting because they paid off only 25% on the dollar because the inflation that came. Now, the problem is if you don’t have inflation, you still owe the whole amount of money. This is why they urgently need this inflation. So, the value of the money goes down, and you have to pay off less. There is no inflation. So, it is a big problem, but they can keep this going forever. I don’t think it’s a problem because countries can keep printing money as long as they want.”

    Then Nenner said, “I see the dollar becoming strong again.” Nenner is “dollar positive.” The other big cycle Nenner has been seeing is the so-called “war cycle.” Nenner says, “The next four or five years in this war cycle is very dangerous.” On gold and silver, Nenner is bullish, but “not until after this summer.”

end

May 3, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Iran Drops the Dollar. Others Tried and Were Bombed. ‘It’s All about the Banking,’ Says Lee Camp

  • Iran Drops the Dollar. Others Tried and Were Bombed. ‘It’s All about the Banking,’ Says Lee Camp
    by https://www.rt.com/
    Iran recently announced it is dropping the US dollar in foreign trade. Just as Iraq did shortly before it was invaded by the US, or Libya planned to before it was bombed by NATO-led allies. Lee Camp is starting to see a pattern.

    The US is gearing up to abandon the Iran nuclear deal, which has all but killed Tehran’s nuclear program in exchange for sanctions relief, because it’s not restrictive enough. With Iran already saying it won’t accept more demands or more sanctions, it’s anyone’s guess what kind of chain reaction might ensue.

    Comedian Lee Camp’s guess is pretty grim. He notices how Iran recently ditched the dollar in favor of the euro – something Iraq also did 18 years ago, a couple years before the US invaded it under the phony pretext of weapons of mass destruction. Libya wanted to do the same, although its leader Muammar Gaddafi wanted to establish its own currency, the gold dinar – but in 2011, NATO warplanes bombed his country to support an uprising against him. Almost immediately, the rebels formed their own central bank and were given leave by the US and the UN to legally sell oil from the land they controlled.

    On his show Redacted Tonight, Lee deconstructs these parallels and more, because “It’s all about the banking!”

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

end

May 1, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

At The Current Debt Level, The Reset Would Push Gold To $10,000 An Ounce: Keith Neumeyer

http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=10&fiidarticulo=281

Click on image for article.

April 30, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Change Is Coming & The Central Banks Fear The Blockchain, This Will Be The Reset: V, Z & Cowboy

April 30, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: We’re About To Find Out Just How Long The Fuse Is

  • Lynette Zang: We’re About To Find Out Just How Long The Fuse Is
    by https://www.silverdoctors.com/
    Lynette says the fuse is lit, and when this thing blows, it can transmit a lot of pain, globally. Here’s a critical update on the coming economic explosion… by Lynette Zang of ITM Trading:

    (THE WICK) PATTERN SHIFT ALERT – 10 Year Treasury Yield Hit’s 3%
    Since mid-2016 interest rates have more than doubled, from a low about 1.37% to (at this writing) 3.03%. We must go back to 2014 to see that level. If this is indeed a breakout, the next most likely level would be 3.5%.

    (THE FUSE) Deutsche Bank
    The bank that can transmit that pain globally, according to the IMF, is Deutsche Bank has now had three years of losses. Most of 2017 losses were attributed to its derivative book which impacted their assets to the tune of 7%. This happened in a one way…up market. I wonder what’s happening now?

end

April 28, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: Gold To Spike By $100/Day Over Many Days In A Row

  • Peter Schiff: Gold To Spike By $100/Day Over Many Days In A Row
    by https://www.silverdoctors.com/
    Peter Schiff says once gold takes off, it’s going to be like “an invading army busting through the castle doors”. Here’s why… Peter Schiff interviewed by Mike Adams via Natural News:

    (Natural News) Mike Adams, the Health Ranger, launched his new “Counterthink” program on the Infowars network this week with an interview featuring financial expert Peter Schiff, who gave his  analysis of what’s currently happening in the stock market, where the dollar is headed, what’s in store for Bitcoin and what’s in store for American investors in the months ahead.

    Schiff said that currently, he believes Wall Street is experiencing a bit of a bear market he believes is liable to expand as the U.S. dollar — at its lowest in three decades — continues its slide, reflecting in higher oil, silver and gold prices.

    Asked what he would tell someone who is just now waking up to the reality that much of what passes for conventional wisdom in the financial sector is based on faulty assumptions and fake news, Schiff said, “the good news is, they can still get out.”

    “The markets are still close to their highs, and even though the dollar fell a lot in January, it fell from a very high level,” he said. “It’s still way over-valued. So you have time to get out of those assets, which would include stocks and bonds and get out of the dollar into a better portfolio of foreign stocks — not just indiscriminately but companies in the right countries with the right currencies and get some exposure to commodities, get some exposure to precious metals.”

    read more.

end

April 26, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset

  • Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset
    by https://www.silverdoctors.com/
    Jim says we need gold to join the global reset, but the U.S. only has 8,000 tons Of gold-plated tungsten, and China isn’t selling. Here’s more… Jim Willie interviewed on Rogue Money. Jim Willie returns to Rogue Money for an important update on all the latest economic and geo-political happenings around the world. Topics in Jim’s latest interview include:

    * Fall of the U.S. Dollar / De-dollarization
    * The economic trade zone of China, Iran and Russia
    * CIPS – The competitor to SWIFT
    * Gold and the importance of gold in global trade
    * Oil and the Middle East
    * The launch of the Petroyuan and the inability of the West to control it
    * The Gold Trade Note to be used in international trade
    * A gold backed Chinese yuan
    * The geo-political importance of what is going on with Iran
    * Fort Knox gold theft by Bush, Clinton and Ruben
    * The importance of gold in the coming global reset

end

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

The Creation Of A New International Trade Currency Will Damage The Dollar

  • X22Report Published on Apr 24, 2018
    Home prices are now surging, the central bankers have succeeded in creating the bubble of all bubbles. When looking at the data, unemployment is at its lowest point but home buyers are no where to be found. The data shows housing sales are down except out west. Russia purchases more gold and passes China. The BRICS are developing a new international trade currency this will collapse the dollar.

end

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