Socio-Economics History Blog

Socio-Economics & History Commentary

Death of the Dollar Part 1: Winter Is Here

May 20, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Central Bank/Deep State Have Setup The Economy To Crash Under Trump

  • Published on May 18, 2017
    Earnings are in and the major companies are reporting declining earnings and don’t expect growth this year. Auto manufactures are backing out of their promises to bring jobs back to America. Housing recovery is non-existent as mortgage apps decline and sales decline. Philly Fed smashed expectations at the same time new orders are down. Trump gives congress the signal that he wants to NAFTA renegotiated. Congress is coming for everyone’s 401K. DB sued for running a drug running criminal enterprise. The corporate media is now using the stock market decline to blame the economic collapse on Trump.

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May 20, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Brazilian Bloodbath: Currency Halted, Futures Crash, Bonds Tumble Most On Record

  • Brazilian Bloodbath: Currency Halted, Futures Crash, Bonds Tumble Most On Record
    by Tyler Durden, http://www.zerohedge.com
    As first reported last night, Brazil has plunged back into yet another political crisis less than a year after the impeachment of Dilma Rouseff, when a report in Brazil’s O Globo newspaper revealed that President Michel Temer was involved in an “hush money” cover-up scheme involving the jailed former speaker of the lower house of Congress, Eduardo Cunha, who was the mastermind behind the impeachment of Rouseff.

    Already an impeachment request against Temer has been filed by the opposition, although it was unclear who would replace him or what the process would look like. If Temer resigns or is impeached, Congress would elect an interim president until the next scheduled vote in October of 2018. An early election could only be held with a constitutional amendment approved by lawmakers.

    read more.

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May 18, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Gregory Mannarino: They Want to Destroy Trump & America

  • Gregory Mannarino: They Want to Destroy Trump & America
    by Greg Hunter’s USAWatchdog.com
    Analyst/trader Gregory Mannarino says America is in conflict with itself. Mannarino explains, “We have a President who gets it. He’s obviously not a socialist, and there is no doubt this man has the back of America. . . . There is a literal war going on right now between political parties here. This is a deliberate effort by some to destabilize our country, to bring America to its knees from the inside. They want to basically throw this country into some kind of third world situation, and I don’t think it’s going to happen. I think there are too many people on the opposite side of this trade that want to see America succeed.”


    Mannarino says that what is being done to Trump is really just the tip of the iceberg. Mannarino contends, “It’s much bigger than Trump. These people don’t just want to destroy this President, they want to subvert and destroy this country, our belief system and our values. This is what they want to do. The question is are we going to allow these people to succeed? That’s really the issue, and I don’t think so. I think there are enough people here, and I think it is most of your audience who understands what’s going on. This is not a battle against the President. This is a battle against our country and our citizens. This is much bigger than an attack on the President.”

    read more.

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May 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Is China Intentionally Making It Harder To Manipulate Gold? – Rory Hall/Dave Kranzler

  • Is China Intentionally Making It Harder To Manipulate Gold? – Rory Hall/Dave Kranzler
    by Rory Hall/Dave Kranzler, https://www.sprottmoney.com/
    A new gold futures contract is being introduced by the Hong Kong Futures Exchange (two contracts actually). The two contracts will be physically settled $US and CNH (offshore renminbi) gold futures contracts. The key to this contract is that it requires physical settlement of the underlying gold, which is a 1 kilo gold bar.

    The difference between this contract and the Comex gold futures contract is that Comex contract allows cash (dollar aka fiat currency) settlement. The Comex does not require physical settlement. In fact, there are provisions in the Comex contract that enable the short-side of the trade to settle in cash or GLD shares even if the long-side demands physical gold as settlement.

    With the new HKEX contract, any entity that is long or short a contract on the day before the last trading day has to unwind their position if they have not demonstrated physical settlement capability.

    The new contract also carries position limits. For the spot month, any one entity can not hold more than a 10,000 contract long/short position. In all other months, the limit is 20,000 contracts. A limit like this on the Comex would pre-empt the ability of the bullion banks to manipulate the price of gold using the fraudulent paper gold contracts printed by the Comex. It would also force a closer alignment between the open interest in Comex gold/silver contracts and the amount of gold/silver reported as available for delivery on the Comex.

    read more.

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May 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

China Is About To Unleash A New Global Monetary System

  • China Is About To Unleash A New Global Monetary System
    by http://www.kingworldnews.com
    In case anyone was wondering what the Chinese government is thinking, they are about to unleash a new global monetary system.

    The Greatest Bull Market In Gold
    Stephen Leeb:  “If you’re a gold investor fretting at the metal’s seeming drowsiness, don’t worry. A lot has been happening lately that brings us closer to the launch of a great bull market in gold that will be unmatched in its sweep and longevity. The biggest mistake you can make now would be to get shaken out of your gold (and silver) positions if gold continues to tread water or possibly even dips below $1,200. The second-biggest mistake would be to not take advantage of near-term weakness to add to your holdings…


    read more.

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May 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

China’s Belt & Road Will Push The Petrodollar To It’s Doom

  • Published on May 15, 2017
    Empire fed plunges into contraction and as the economy declines. Business investment continues to decline. Trump’s trade rep get sworn in which will allow the NAFTA negotiations to begin. Citis surprise index has plummeted and Morgan Stanley’s indicators are imploded signalling a major problem headed our way. Paul Krugman warns that Trump will collapse the economy. Russia, China and other nations join to discuss the belt and road initiative. The trade system will be free trade it will destroy the petrodollar.

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May 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

End of The Empire — Bill Holter

  • Published on May 14, 2017
    Bill Holter from JS Mineset returns to SGT Report to discuss the current state of the failing US empire. And Bill warns that despite popular opinion that the DOW, S&P and Nasdaq can only go up, the END could come in a flash, and when that happens, many people who went to be rich on a Friday could wake up broke by Monday. You have been warned.

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May 16, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Is JPMorgan Preparing to REVALUE SILVER? | Jim Willie

  • Published on May 14, 2017
    Jim Willie says the petrodollar is history…
    In this interview, Jim Willie answers the following viewers’ questions about the COMEX, JPMorgan, Puerto Rico’s bankruptcy, and the petrodollar!

    – psionin, “Jim Willie mentioned a few times that buying a large amount of gold necessitates the paying of high premiums over spot price, with the final price being over 2K USD per ounce. What prevents one in such a position from placing the order on the COMEX or LBMA and taking delivery?”

    – larryik1211, “When Major banks start to Default do you see JP MORGAN push to re-value Silver upwards to use their SILVER stockpile as leverage to buy up and consolidate all the other bankrupt entities?”

    – Mikey Riley, “In regard to COMEX activities, why would the ‘small specs’ continue to be washed and rinsed by the large commercials? Don’t they ever learn? How do those hedge funds stay in business? I thought the COMEX would be deemed irrelevant by now due to the obvious rigging.”

    – Cole Wheeler, “What does the bankruptcy of Puerto Rico mean for the rest of USA inc.?”

    – Craig Butterfield, “Will the collapse of the petrodollar, abolish the federal reserve and their suppression of metal prices?”

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

It’s Going To Be The Collapse Of All Collapses, A Reset To Fair Market Value: Greg Mannarino

May 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

“You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air” – Dutch Politician To Draghi

  • “You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air” – Dutch Politician To Draghi
    by Tyler Durden, http://www.zerohedge.com
    Used to a fawning press corps and clueless politicians, perhaps Mario Draghi was expecting a warm greeting, a series of softball questions from Dutch lawmakers, and some late night entertainment on Wednesday when the ECB president made a rare visit to the Hague. Instead, what followed, was an “unenviable grilling” from Dutch MPs for nearly two hours in the country’s parliament today which, as the FT said, left the usually implacable Italian confrontational and riled up as tempers flared and Dutch politicians probed Draghi on the ECB’s record of transparency, and attacked policies they said subsidized southern European countries and harmed Dutch pensioners.

    The reason Draghi occasionally travels to national capital cities is to defend the bank’s actions: most recently to Berlin, in late September. That trip helped to soothe German lawmakers as the ECB prepared to extend its stimulus again. Draghi was hoping to do the same with Dutch lawmakers who have been far less critical of the ECB’s actions compared to their German peers, in the past.

    read more.

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May 13, 2017 Posted by | Economics | , , , , , , | Leave a comment

Jim Willie: Will Gold Save The Day?

  • Published on May 11, 2017
    Will gold save the day and prevent growing geopolitical tensions from spinning out of control?


    Also, what’s the future of the European Union? Centrist Emmanuel Macron won the French presidential election, defeating far-right anti-EU candidate Marine Le Pen. Some were saying if Le Pen would have won, that could spell the end of the EU. Jim Willie says now that Macron has won, the EU may be safe…for a few months. In addition, Jim Willie answers the following viewers’ questions

    – psionin, “Jim Willie mentioned a few times that buying a large amount of gold necessitates the paying of high premiums over spot price, with the final price being over 2K USD per ounce. What prevents one in such a position from placing the order on the COMEX or LBMA and taking delivery?”

    – larryik1211, “When Major banks start to Default do you see JP MORGAN push to re-value Silver upwards to use their SILVER stockpile as leverage to buy up and consolidate all the other bankrupt entities?”

    – Mikey Riley, “In regard to COMEX activities, why would the ‘small specs’ continue to be washed and rinsed by the large commercials? Don’t they ever learn? How do those hedge funds stay in business? I thought the COMEX would be deemed irrelevant by now due to the obvious rigging.”

    – Cole Wheeler, “What does the bankruptcy of Puerto Rico mean for the rest of USA inc.?”

    – Craig Butterfield, “Will the collapse of the petro dollar, abolish the federal reserve and their suppression of metal prices?”

end

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

Dr. Ron Paul: New Global Financial System Is Inevitable

  • Published on May 10, 2017
    Jason Burack of Wall St for Main St interviewed first time guest, the former Presidential Candidate in 2008 and 2012, author, long time US Congressman and the face of the liberty movement in the US, Dr. Ron Paul. Dr. Paul is a living legend, he’s authored more than 10 books including: End the Fed, Liberty Defined and The School Revolution. Ron’s books are available here: https://www.amazon.com/Ron-Paul/e/B00… 


    Full Wikipedia Bio here: https://en.wikipedia.org/wiki/Ron_Paul 

    Dr. Paul’s, Ron Paul Liberty Report YouTube channel http://www.ronpaullibertyreport.com/ has greatly grown in size thanks to daily videos Monday through Friday. Ron also founded the Ron Paul Institute for Peace & Prosperity http://ronpaulinstitute.org/ 

    During this 20 minute interview Jason starts off by asking Dr. Paul if President Donald Trump has done anything Dr. Paul likes so far? Jason also asks Dr. Paul if he thinks Rand Paul and Rep. Thomas Massie will be able to get an “Audit the Fed” bill through both houses of Congress and if President Trump will sign the bill? Next, Jason asks Dr. Paul if 100 years of Keynesian Economics is the reason why the US economy hasn’t really had a recovery? Jason then asks Dr. Paul why he likes Austrian School Economics.

    Also, Jason asks Dr. Paul about the one time partial audit of the Federal Reserve he got while still in Congress after the 2008 financial crisis revealing over $16 trillion in near interest free bailout money to foreign governments, foreign central banks and foreign corporations https://www.forbes.com/forbes/welcome… and whether the Federal Reserve and other central banks are still putting trillions more in easy money and credit into the global financial system to delay the next financial crisis?

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

The Plan Has Been Revealed And Everyone Needs To Brace For The Impact

  • Published on May 10, 2017
    Trump fires Comey and the deep state is now in panic. After the firing of Comey Trump met with Lavrov and soon after Kissinger. Schumer is flip flopping all over the place because they are starting to realize they are in trouble. Trump has just warned McCasters not to cross him again. Duterte met with China to talk about joining the one belt, one road initiative. As the deep state is pushing for war, Trump was planning something else with China and North Korea. The world is about to get more chaotic than ever before, the collapse is headed our way, Trump signaled with the firing of Comey that he will not sit by anymore and the old way of doing business is over.

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May 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

Venezuela Economy COLLAPSING Rapidly as 90% Can’t Afford to Eat Enough Food!

May 11, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , | Leave a comment