Socio-Economics History Blog

Socio-Economics & History Commentary

Dr. Jim Willie: Golden Jackass Holiday Weekend

Click on image to download MP3 interview.

  • Dr. Jim Willie: Golden Jackass Holiday Weekend
    by Turd Ferguson, http://www.tfmetalsreport.com/
    It’s a sort of tradition around here that whenever we have a three-day market holiday weekend, we try to check in with Jim Willie. And this time, we used our A2A webinar format so that subscribers of TFMR were able to ask their own questions in real time. It was great fun and I think you’ll find it all quite thought-provoking.

    What topics did we discuss over this 97-minute call? Maybe a better question is…what topics did we not discuss? In this podcast you’ll here Jim pontificate on Trump, Syria, North Korea, gold, China, gold trade notes, silver, the mining shares, the Fed, debt jubilee, interest rates, the dollar, platinum and even his thoughts on Journey entering the Rock-and-Roll Hall of Fame. So sit back, relax and enjoy. And have a great holiday weekend, too.

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April 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jeff Brown: China Moves 30% More Funds into Physical Gold Bars – Ingots

April 14, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Rick Rule: Extremely Rare & Bullish Trading Pattern in Gold and Silver

  • Published on Apr 13, 2017
    President and CEO of Sprott US Holdings Rick Rule says gold, silver, and the US dollar rarely trade how they are trading right now… Gold, silver, and the US dollar are all trading higher. This trading pattern is extremely bullish for gold and silver, Rule says. Rule also notes the current strength in the US dollar is not reflective of economic strength. He explains why the US economy is actually weak. In addition, US dollar strength won’t last. With a national debt nearing $20 trillion and unfunded liabilities above $100 trillion, long term there is no practical option out of this debt besides devaluation.

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April 14, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

Martin Armstrong: Economic Downturn Will Take World to War

  • Martin Armstrong: Economic Downturn Will Take World to War. Strong Dollar Could Cause Bond Market Crash
    by Greg Hunter’s USAWatchdog.com
    Renowned financial expert Martin Armstrong says the biggest risk out there is the effect a strong U.S. dollar has on the global bond market. Armstrong explains, “There’s these people who keep saying the dollar is going to crash.  If the dollar crashes, the world is happier and basically celebrating.  You have half the U.S. debt equivalent in emerging market debt issued in dollars.  If the dollar goes up, they are in trouble.  Then you are going to see sovereign defaults. . . . The U.S. is not going to default, but as you start defaults elsewhere outside the country, it makes people begin to get concerned about sovereign debt.  Sovereign debt is the worst of all.  It’s not secured.  If the U.S. government defaulted on its debt, what would happen?  You cannot go down to the National Gallery and start lifting Picassos.”


    So, a bond market crash is a distinct possibility? Armstrong says, “Yes.  All these things are contagions. . . . The real risk is coming from Europe and Asia.  That is the real risk. . . . There is no place to go but the dollar at this point.”

    If and when a global collapse comes, it will come from China or Europe. Armstrong says, “Yes, because you don’t collapse the core economy.  It’s always the peripheral coming in.  It was the same thing in the Great Depression.  It wasn’t the fact that the U.S. defaulted.  The problem was the first bank that went down was in Austria, and it happened to be owned in part by the Rothschilds.  When people hear a bank owned by the Rothschilds went down, people started to sell off all other banks.  Then all the countries defaulted.”

    Armstrong says there is going to be a major “monetary reform” in the not so distant future, and the U.S. will end up with a dollar for domestic use and a dollar used for international trade, sort of like a “domestic dollar” and an “international trade dollar.” Armstrong says, “Yes. All it is doing is replacing the dollar as the reserve currency.  That would satisfy China and Russia, and it would simply be maintained by an international board.  I strongly advise against the IMF.  It’s way, way too corrupt.”

    read more.

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April 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie on The Strength in Silver and China’s Bitch (JP Morgan)

www.goldenjackass.com

Click on image to play interview MP3 file!

  • Jim Willie on The Strength in Silver and China’s Bitch (JP Morgan)
    by , https://ochelli.com/
    04/07/2017 Friday – Jim Willie on The Strength in Silver and China’s Bitch (JP Morgan).  
    GoldenJackass.com is where you can find Jim Willie who doesn’t give a damn about plastic Dollars, but does explain how a gold-backed currency basket of nations might leave the US the odd man out. 

    GoldenJackass.com Summary (Get Your Hat Trick Newsletter Today) topics covered include:

    – Syrian War with US-led hidden ISIS involvement in grand confusion
    – falsified ISIS videos continue with guerrillas posing as rescue workers over fake victims
    – risk to paper assets with favor to Gold & Silver investments
    – the grand suppression of the Gold market since the Lehman event during the QE hyper monetary inflation episode
    – the 5-fold rise in money supply since Lehman event as justification for 5-fold sudden rise in Gold price
    – the stupid argument (propaganda) of not sufficient amount of Gold bullion to cover currencies as pure Keynesian rubbish
    – the USFed rate hikes with ulterior motives but with risk to undermine the USDollar credibility
    – the fear rises on the puffed up bloated bubbly USDollar currency market
    – the sequence likely to occur on Gold RESET with trade payment, then bank reserves, then gold backed currencies
    – the profound challenges for remedy to the gargantuan imbalances in the financial world
    – the imbalances which should not continue since so difficult to remedy (straw dog heresy)
    – the emerging dual universe of a USD-based West versus an RMB & Gold-based East

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: FedRes Deliberately Created Bubbles to Save Itself

  • Published on Apr 11, 2017
    Analyst/trader Gregory Mannarino says, “The Federal Reserve has re-inflated a housing bubble. So now, those ‘toxic assets,’ those mortgage-backed securities are worth something. Now, they are going to sell these at a profit. The profit should going to the poor people who were kicked out of their houses and lost everything. That is not going to happen. The Federal Reserve has deliberately created bubbles to save themselves. If the Federal Reserve allowed the markets to do it’s one and only job, and that is to determine fair value, we’d be out of the woods by now. We wouldn’t be facing another war right now. They refused to do this. The free market has been stolen. We really could be on the edge of a major event that would force people into the debt market. There could be huge amounts of cash coming out of the stock market because of all this fear. There could be massive amounts of cash going into suppressed assets like gold and silver. Housing could come under pressure. We could be staring at the next real Great Depression.”


    In closing, Mannarino says, “The global debt problem is going to get monumentally worse. Let’s see anyone argue that. Does anyone here believe that the global debt problem is going to get better? That should tell you what you need to do. This is like adding 2 + 2. This should be so simple for people to understand what they need to do. . . . If you want to hold those pieces of paper with numbers printed on them, they are unbacked liabilities being dispersed by bankrupted governments. If you want to hold that, good for you. I can promise you I am going to be taking the opposite side to that trade, and I will win.”

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

A War to Reset the Global Financial Order is About to be Unleashed. Russia Creates Alternative to SWIFT Banking Payment System

WW3 is near?

  • A War to Reset the Global Financial Order is about to be Unleashed. Russia Creates Alternative to SWIFT Banking Payment System
    by http://macedoniaonline.eu/
    The grand order of things could be undergoing some major overhauls. To put it more bluntly, a war to reset the global financial order is about to be unleashed.

    Preparations inside Russia are being made in case the ultimate banking sanctions are placed on them, cutting off commerce inside the all-encompassing Worldwide Interbank Financial Telecomm SWIFT system – which runs credit, debt, and banking card transactions across a real time global network.

    As it would be doled out by the banking elites, the price for misbehavior at the Kremlin could be ostracization from this global commerce vehicle. But that isn’t the end of the story… Putin is readying his people to divorce from the international banking system altogether, and start over with a nationalistic platform, backed by thousands of tons of gold, and growing alliances with Europe, China and the BRICS nations, the Middle East and several emerging powers.

    A major attempt to bring Russia under heel could result in the greatest schism the global system of finance has ever seen. Then what? via Russia Insider:

    Russia has successfully developed and implemented an alternative should it be excluded from international banking systems, according to a recent report.

    As far as western sanctions go, by far Russia’s largest vulnerability is in its banking sector, which for better or for worse is tied to the hip with international banking.

    If Russia wishes to maintain the status quo, there’s not much that can be done about this dependency. But shortly after sanctions were announced in 2014, Moscow set out to prepare for the worst-case scenario: being cut off from the Worldwide Interbank Financial Telecommunication (SWIFT) system.

    In layman’s terms, SWIFT allows for fast and (allegedly) secure international financial transfers. In fifty years when you are able to use your Bank of America debit card on the Moon (for a low fee of 2,000 moon rubles), it will be because of SWIFT or a system similar to it.


    read more.
https://www.rt.com/business/382017-russia-swift-central-bank/

Click on image for article.

http://sputniknews.com/business/20150213/1018240631.html

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http://rt.com/business/263161-russia-brics-swift-prototype/

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https://www.rt.com/business/318103-china-payment-system-yuan/

Click on image for article.

http://www.rt.com/business/239189-china-payment-system-ready/

Alternative to the Anglo-American western Illuminati controlled SWIFT. Click on image for article.

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Catherine Austin Fitts: US Dollar & US Empire Maintained by Corruption

  • Published on Apr 11, 2017
    During this 35+ minute interview Jason asks Catherine about the corruption trying to sabotage President Trump’s administration and his ability to get anything done. Catherine talks about the pervasive corruption at all levels of government “from sea to shining sea” and how it keeps the status quo going.


    Jason also asks Catherine whether Trump is a neocon or he’s been duped into the Syria strikes? Catherine has some interesting ideas about this. Jason then asks Catherine how many more times the Federal Reserve will raise interest rates in 2017?

    Catherine also discusses her Solari Report 2016 Annual Wrap Up, The Global Harvest & What It Means to Investors. Jason and Catherine discuss organic food and Catherine talks about how it’s an investable trend now.

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

The Biggest Asset Bubble in History is about to Pop | Michael Pento

  • Published on Apr 11, 2017
    The global bond market is the biggest asset bubble in history, says economist Michael Pento. By taking interest rates below 1% for 100 months, the Fed has deformed not only the bond market, but other assets such as real estate and the stock market. Many other central banks have held interest rates artificially low, sometimes taking interest rates negative. Today, the world has $14 trillion of negative yielding sovereign debt. Pento forecasts another crisis will hit later this year or early next year. At that time, he says the Fed will start “Helicopter Money.”

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April 12, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Creepy IMF Paper Teaches Governments How to Wage War on Cash

  • Creepy IMF Paper Teaches Governments How to Wage War on Cash
    by https://schiffgold.com/
    There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition.

    Over the last several years, we’ve seen a steady push to eliminate, or at least limit, the use of cash around the world. In May of 2016, the European Central bank announced it will stop producing and issuing 500-euro notes by the end of 2018. Not long before the EU announcement, a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill in the US.

    Banks have also gotten in on the act. Last year, Chase capped ATM withdrawals for non-Chase customers at $1,000 per day. Recently, ATMs in Mexico stopped issuing 500-peso notes, leaving the 200-peso note as the highest denomination available. CitiBank Australia stopped handling cash transactions altogether late last year.

    Indians also felt the squeeze last fall. On Nov. 8, the Indian government declared that 1,000 and 500 rupee notes would no longer be valid. They gave the public just four hours notice. Why? To force so-called “black money” into the light.

    About 90% of all transactions in India are in cash. It is an overwhelmingly cash economy and virtually every Indian has currency stashed away in their home. The government can’t tax transactions using black money. By making the 1,000 and 500 rupee notes valueless, government officials hope to force the black money into the economy so they can get their cut.

    Officials always justify their war on cash with talk about “customer preference,” and fighting terrorism and drugs, but the drive toward a cashless society is really about control.

    By controlling access to your own money, banks and governments increase their control over you. They can collect maximum taxes and fees, they can track purchases, and they can even manipulate your spending habits by imposing negative interest rates that effectively charge you for saving.

    Needless to say, many everyday people like cash and the relative freedom it provides. In a worst-case scenario, they can at least shield their wealth by shoving cash under their mattresses. You can’t do that if there isn’t any cash.

    Well, the IMF wants to help governments crack down on cash in a kinder and gentler way. In “The Macroeconomics of De-Cashing,” IMF analyst Alexei Kireyev explains how governments can overcome the objections of their citizens as they wage their war on cash.

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

Click on image for article. Needs subscription.

http://news.xinhuanet.com/english/2016-01/20/c_135029001.htm

Click on image for article.

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

Click on image for article.

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

Click on image for article.

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

Click on image for article.

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

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April 12, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , | Leave a comment

James Rickards: This Is An Extinction-Level Event

  • James Rickards: This Is An Extinction-Level Event
    by http://www.silverdoctors.com/
    Submitted by Sprott’s Thoughts:
    James Rickards predicts the Fed will continue to raise rates and stall the economy.
    Transcript (edited for readability)
    Albert:  James, welcome back to The Power & Market Report. How are you?

    James:  I’m fine, Albert. Thank you. It’s good to be with you.
    Albert: First, before we start though, I want to let the viewers know that April 5 is the first anniversary of The New Case for Gold. So, congratulations on that.
    James:  Thank you.
    Albert:  And on April 7, you’re releasing the paperback edition of The Death of Money. So again, congratulations.
    James:  Thank you. And the paperback edition of The Death of Money as you know, Albert, New York Times Bestseller. It came out in 2014. A couple of things—you’re right, the paperback edition is coming out in a couple of days. It’s unusual. Usually a publisher would go to a paperback within about a year of the publication of the hard cover, but the hard cover, I’m happy to say, sold so well for so long that they delayed the paperback edition.

    But now the paperback edition is coming out. It has new material in it, so it’s not just a soft cover of the old book. It actually has some—a new preface I wrote that kind of goes over the material, shows why it has played out the way we expected and also adds entirely new material including new disclosures never before published on insider trading ahead of the 9/11 attacks. So, I’m very excited about this. It’s a very timely book. It’s still timely after a few years with some very new material included.

    Albert:  
    You know, I was going to joke at the beginning of the show that, you know, it’s been 3 months since we last talked and where is the new book? It turns out there actually is a new book.

    James:  Thanks.

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

Click on image for article.

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April 12, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Leave a comment

Prepare For The Coming War: “It’s Going To Obliterate The Global Financial System… Our Economy Will Not Survive”

WW3 is near?

  • Prepare For The Coming War: “It’s Going To Obliterate The Global Financial System… Our Economy Will Not Survive”
    by Mac Slavo, April 9th, 2017, SHTFplan.com
    You know what’s so tragic about America? Despite all of the wars our nation gets involved in, we’re secretly one of the most peaceful cultures on the planet. We voted for George Bush, because he promised us a non-interventionist foreign policy. We voted for Obama, because he promised to bring the troops home from Iraq and Afghanistan. We voted for Trump, because he promised to end the nation building policies of his predecessor.


    And that’s the real tragedy. We’ve been voting for peace for nearly 20 years now, and all we get is war.

    That should really tell you something. It should tell you that our system doesn’t care about what the president stands for, or what the voters want. The system is never held accountable for anything, so there is nothing stopping it. One way or another, the deep state always gets its way. So if our government wants a war, then you can bet that we’re going to war.

    That was made abundantly clear last week when President Trump ordered the bombing of an air base in Syria. The attack was so provocative, that the Kremlin went so far as to say that the US is now “only one step from war” with Russia. The man who was supposed to buck the system and drain the swamp; the man who promised to restore our relationship with Russia and pull back from brinkmanship, seems to have finally submitted to the warmongers in our government. The deep state’s plan to drag us into a horrible conflagration was only temporarily derailed by Trump, and now it appears that their plans are back on track.

    But there’s a silver lining in all of this. Once you know that war is inevitable, and you accept that fact, you can have a pretty good idea of what’s going to happen next. You can finally take steps to prepare for it.

    As for what to expect next, you can bet the farm that our economy is not going to survive the next major war, especially if it involves a conflict with Russia or China. Even if this war doesn’t turn into a nuclear slugfest, it’s going to obliterate the global economy and financial system.


    For years Russia and China have been building an alternative to the dollar dominated financial system. They’ve built the BRICS financial bloc, they’ve been stocking up on gold, and they’ve been establishing trade agreements that don’t involve the dollar. When war breaks out, there’s going to be another system waiting in the wings to replace the dollar, which has been the world’s reserve currency for decades. The war will motivate China, Russia, and their allies, to pull the rug out from under the current economic paradigm.

    read more.

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April 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Dollar Collapse & The New Economy | Kerry Lutz

April 11, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

WWIII Arrives & IMF Seizes Opportunity To Eliminate Cash & Financially Enslave Us All

  • WWIII Arrives & IMF Seizes Opportunity To Eliminate Cash & Financially Enslave Us All
    by Lisa Haven, http://lisahaven.news/
    What you are about to see in the video above is the latest working paper from the IMF on how to enslave nations, steal our sovereignty, and force a cashless society across the globe.


    While all eyes are on WWIII events, the IMF has seized the opportunity to look into the aftermath of war and how to bring about their Orwellian bondage cashless society. Here is just a ‘sliver’ of information that I will expose in the 26-page document they have titled,  “The Macroeconomics of De-Cashing.”

    “Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferable deposits, and further computerizing the financial system.

    “The private sector led de-cashing seems preferable to the public sector led de-cashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it. De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyber warfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.”

    Here’s more on this CRITICAL report… (video top of post)
http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

http://theantimedia.org/cash-europe-moves-elimination-paper-money/

Click on image for article.

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

Click on image for article.

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

Click on image for article.

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April 10, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

The IMF Is Ready To Eliminate Cash

  • Published on Apr 9, 2017
    In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.
http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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April 10, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment