Socio-Economics History Blog

Socio-Economics & History Commentary

Collapse Could Occur Anytime | John Rubino

  • Published on Mar 27, 2017
    John Rubino says the system is poised to collapse and could collapse at any time… Rubino discusses the rise of inflation and the emerging populist sentiment. Rising inflation around the world shows we are heading into a period of rising instability. While the rich are getting richer with rising asset prices, the average person is becoming frustrated with the broken system and turning away from the right/left dichotomy and towards populist candidates. But there’s nothing that can fix the broken system, Rubino says. Electing populist candidates doesn’t fix anything, it simply brings political instability to the already present economic instability.

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March 28, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Top Ten US Dollar Risks

The grim reaper is coming for the petrodollar.

  • Jim Willie: Top Ten US Dollar Risks
    by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
    The USDollar has never been in greater danger for losing its dominant position as global reserve currency and payment standard. Challenges to its supremacy are many and with each passing month, more threats are put in place. While the volumes of trade payment in Chinese RMB grow slowly, and the banking reserves in non-USD bonds grow slowly, the risk for the USDollar to be marginalized has increased significantly in the last two to three years. Basically speaking, a fiat currency run by a corrupt, thieving, and dishonorable hegemonic regime for the sole purpose of exploiting the rest of the world cannot stand the test of time, and will be dismantled. The community of nations gathers momentum and organization with producing an alternative. It has taken time, and will require more time. The scenario is indeed possible of a dual universe has been raised, whereby the West continues under the USD-based system, and the East emerges under a new RMB-based system. However, the Eastern alternative is step by step to emerge with a gold foundation. The USDollar cannot compete with Gold in any way except through continued fraud, intimidation, extortion, and open war. All these topics at high level and ground level are covered with analysis in the Hat Trick Letter.

    The fall of the King Dollar Empire is near, as the Global Paradigm Shift proceeds without potential for interruption or much further delay. The galactic decay decline and demise is assured. It has been a brutal final chapter, marred by universal corruption and endless war. It has earned the Empire of Chaos label, for its many color revolutions which mask the brutal hegemony and theft of assets. The fall of the baseless USDollar occurs simultaneously with the rise of the solid Gold foundation. Below are the Top Ten risks to the USDollar, which will end the year 2017 in a significantly weaker position than it started.

    read more.

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March 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

We Never Had This Much Hidden Financial Leverage, When The Crisis Hits, It Will Be Painful: John Rubino

March 27, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

“It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst

  • “It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst
    by http://www.silverdoctors.com/
    Alasdair Macleod Joins Us From London to Warn Things Are Getting Critical in the Gold Market:

    “It Would Have Taken Out ALL OF THE BANKS”
    The London Analyst Reveals A MAJOR Operation Will Be Needed to Stop the Next Bank Run on Gold, & Explains Why THIS Is What’s Driving the Price of Gold:

    * Gold & Silver Rally: This Has A Good Feeling Behind It
    * This Rally In Gold and Silver Could Go A Long Way
    * Will Eurozone Demand For Gold EXPLODE As the Italian Banking Crisis Nears Climax?
    * Macleod Takes Us Back to Cyprus: He Explains the Last Time We Had A MAJOR Operation to Stop A Bank Run On Gold: It Would Have Taken Out ALL of the Bullion Banks!

    * It’s Going to Be A Bit More Difficult To Stop the Next Bank Run On Gold
    * We’re Getting to the Stage Where We Want the Financial Crisis to Begin 
    * The US Dollar Is Going to be VERY VERY WEAK, It’s Going Down, and Down, and Down – Implication Is Gold and Silver Will Go Up, And Up, And Up!

    Physical Silver Update:

    Sales of US Mint Silver Coins QUADRUPLED this week to 795,000 coins from just 220,000 Silver Eagles one week ago, bringing monthly ASE sales to 1.295 million coins, and year to date Silver Eagle sales to 7,637,500 coins as demand increased across the industry as silver prices recovered from the drubbing received at the hands of the bullion banks ahead of the latest Fed Rate Hike. Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory. 

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March 25, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System

  • Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System
    by http://www.thedailyeconomist.com/
    Over the 70+ years the U.S. has had control over the global monetary system, they have used the dollar on occasion as an ‘economic weapon’ to force other countries into ceding to their national and international policies.  And of course their most common way they do this is by cutting off nations from access to the SWIFT system.

    But in the wake of the economic sanctions Washington and the European Union imposed on Russia following the Ukrainian coup, China, and now we can add Russia to this group, have used their time in creating their own SWIFT alternatives, and on March 23 the central bank of Russia announced they are fully prepared for any overt or covert monetary crisis which may include a dollar collapse, or future sanctions that might be used to attack the ruble.

    If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute. 

    “There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,”
     Nabiullina said at a meeting with President Vladimir Putin on Wednesday.


    She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.

    Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS).

    In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT. – Russia Today

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March 25, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

By June 1st The Entire Economy Could Come To A Screeching Halt: Lior Gantz

March 20, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Issues ALERT: We’re AT THE DOOR of the Global Currency Reset

  • Jim Willie Issues ALERT: We’re AT THE DOOR of the Global Currency Reset
    by http://www.silverdoctors.com/
    Something BIG is Afoot in Shanghai.  The Chinese Have CHANGED THE GAME Suddenly. The Jig Is Up.


    Submitted by Hat Trick Letter Editor Jim Willie, GoldenJackass:
    Something big is afoot in the Shanghai Gold market. It seems that we are at the door of the RESET finally, with China being betrayed by the USGovt and USFed in concerted collusion. The attempt to reduce the USDollar while maintaining ultra-low bond yields seems the final straw. The inference is made that the jig is up finally, and a significant turning point is upon us.

    A contact at Evolution Consulting has reported that his best contact notified him that VIPs are being invited to take tours of the Shanghai Gold Exchange operation. This man was among one of the guests. These tours are not being arranged in some congenial welcoming event, not at all. Rather they are informational and official in granted preview. They are almost surely being staged to inform the opposition that it is all over for them now. With a cherry on top, the VIP guests were required to pay for the tour. The above juicy tidbit was provided by a client, passing the word along. Something big is afoot.

    CHINA CHANGED POSITION
    China seems to have changed its position toward aggressive in the gold market introduction with gusto and emphasis. Conclude easily that where there is smoke, there is fire, and the heat will be on physical gold metal demand in Asia. In turn the pressure will be put on the USDollar, whose custodians are not honorable and for perhaps the last time, have betrayed the Chinese. Lower USDollar valuation combined with already chronic low bond yield could have turned the Chinese hostile in the wake of the USFed rate hike. The Jackass raises the conjecture (stronger and more classy than guess) that the USGovt and its bankster masters lied to China about a rate hike, and the Chinese are very angry. The sleazy central banker crew defaulted on the gold lease from 1999, evident in 2014. The same sleazy vile crew have used tricks like bank derivatives to create phony bond demand, tricks like Reverse REPO to undo the last rate hike by ramping up to dangerous levels the bond leverage, alongside massive bond default on legacy bonds from nearly a century ago. The fact that a bond is old does not invalidate the bond’s integrity and requirement for honoring it. The criminal central banker crew in all likelihood stole at least $3 trillion in Saudi USTBonds as well, which serve as ESFund core. China has probably seen enough, and will proceed with the Global Currency RESET. Their nation is under stress, and the imposition of the Gold Standard should right their course well enough, even if it derails the United States to the point of entry into the Third World.


    read more.

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

The Debt Needs To Be Defaulted On, It Needs To Die, There Is Nothing To Fix It: Andrew Hoffman

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

Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard

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

  • Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard
    by Dave Kranzler, http://investmentresearchdynamics.com/
    “If one can only see value in paper currency terms, one cannot see value at all”

    Hugo Salinas Price – website link – posted a couple of comments on Stewart Dougherty’s guest post earlier this week. I concluded that his insights needed to be shared on the front of this blog and he gave me permission to edit them together to make them easier to read for everyone.  “I know my comment was complex but I wanted to condense the thoughts I have developed over three decades:”

    I would like to take this chance to share a few of my thoughts on this. To me it is pretty clear that the American gold is encumbered. Not because of the usual reasons found on the web but because America defaulted on its gold under the Nixon administration. There are still, many foreign claims on that gold.  If America starts to use that gold officially, the gold vultures, like the bond vulture funds, will be out en masse and with force.  So it is in America’s best interest to ignore that gold – and gold in general.

    The world has (finally) realized that a country with the reserve currency is not something a country should want and that the dollar can fail. The danger is that it will fail to soon. That is why the euro was created for example. The currencies from the individual countries were all issued from the US treasury.  Meaning that if the dollar went the way of the dodo, the European currencies would die with it. Enter the euro, issued from gold [the euro was originally partially backed by gold].  The gold held by the ECB is priced on a mark to market basis. You can check the website of the ECB, its number one asset is listed as gold and, sadly, gold receivables [meaning that gold is leased out].  Most of the Eurasian landmass followed this initiative [pricing Central Bank gold on a mark to market basis] – for instance, the BRICS countries.  All that is needed a rebalancing of the gold holdings of major countries. Enter China. They had way too little gold and way too many dollars. But last year they also started to mark their gold holdings to market.

    Seems to me the world is ready to hyperinflate into gold.  After all, all currencies have already hyperinflated in the financial world.  When the run on real things happens, as a system operator, you don’t want that since a functioning printing press is worth way more than gold. So you want to guide the hyperinflation into a useless metal and use this gold to help equalize the tradeflows. They cannot implement a global political & economic system when things are unstable because it will fail again and soon.  Just as all reserve currencies did since late 1400.  If I were in the position of the globalists, I would aim for the Roman model. Split the money concept. Currency for spending and settling debts but use gold and silver as a final debt extinguisher.  This would function to prevent the kind of mess the EU countries are now  in. The debts of the south are the assets of the North. This is a recipe for disaster.

    Let me elaborate on why I think that the world is ready to hyperinflate in gold terms. The Western public will not hold an asset that goes nowhere, at least in currency terms. The public in the East were never fooled that way. Some  – I think rightly – joke “if one can only see value in paper currency terms, one cannot see value at all”.  I also think gold is wealth and not money. Gold has always been funny in that way. So many people worldwide think of it as money even though its supply tends to dry up as the price rises.

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

Click on image for article.

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

Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”

  • Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”
    by Jim Willie, Golden Jackass, via http://www.silverdoctors.com/
    Although finance & economics are the primary themes for the Hat Trick Letter and its related research, it is impossible to ignore the reality of widespread coordinated aggravated attempts to destroy our lovely blue orb, planet Earth. The globalists are hell-bent on ruining the entire biosphere for the home to humanity.


    Gold & Silver might be the best protection for the financial and economic deterioration, if not destruction, as individuals and financial entities work to ensure the preservation of their assets. However, Gold & Silver should be part of any concerted effort toward preparedness in emergency supply. The Jackass has diverted in this one article instance from the primary newsletter themes in order to warn people about the threat to the entire human species. The common theme among the perpetrators is the Satanism practiced by the Western Elite, who are gradually being exposed for their pedophilia and child sacrifice rituals. Their symbols are all through the corporate signposts, from Proctor & Gamble to HSBC and much deeper.

    The Seven Bowls of death and pestilence are central to the Agenda-21 Global Genocide Plan. Its players include Bill Gates of Microsoft, George Soros, and companies Halliburton, Monsanto along with many others. They have a nucleus in the big banks and large energy firms.

    With destruction of economic foundations, the globalists hope to install the Global Fascist State, usurp all powers, reduce the individual to a true vassal serf, and turn the nations into a gigantic prison camp.

    No, the Jackass has not lost his mind. This threat to humanity is very real, in progress, and might be interrupted. The Populist movement must take further root. The banker cabal is behind the globalist movement, with crimes committed against humanity. Their heinous transgressions extend far beyond war crimes, into areas of human genocide. Each item in the list of the seven extreme threats is very well researched in the alternative media, with thousands of supporting documents and analyses. Let it be known that my list of seven threats is subjective. Other adept analysts can easily substitute one or two threats with other conceptual projects which might include groups of threats. The list is subject to interpretation. The globalists have been working hard for 30 years to produce hell on earth, their goal in service to Satan.

    read more.

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March 13, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Realist News: Central Banks & Gold — A SEA CHANGE Is Coming

  • Central Banks & Gold: A SEA CHANGE Is Coming
    by ALASDAIR MACLEOD, https://wealth.goldmoney.com/
    The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually lead to a new policy direction.


    For now, that is undecided, beyond a growing acceptance that today’s monetary policy does not work and the assumptions of recent decades, that gold as money should be phased out, might have been a mistake.

    The idea, that Western central banks could banish gold from the monetary scene over time, has been disrupted by the persistence of Asian demand, fuelled by the remarkable economic progress of ex-communist states embracing capitalist methods. Western financial markets have hardly begun to grasp the wider implications of the shift in economic power from the heavily-indebted welfare economies, to China, Russia and other members of the Shanghai Cooperation Organisation, and their consequences for gold.

    The welfare-driven states rely on money and credit expansion to conceal the true costs of their escalating government spending. They have been motivated to deny gold’s fundamental role as sound money, because it is superior to their unsound money. The increasing prosperity of Asians of all races, who still value gold for its ability to retain its purchasing power, ultimately undermines Western monetary policy, as well as the propaganda that goes with it.

    The shift of physical demand from West to East has been widely chronicled, ever since the Shanghai Gold Exchange became a conduit for escalating physical demand. Inevitably, the West’s desire to demonise gold has accelerated the process, and we are now at the point where control of the gold price could suddenly shift from Western capital markets, trading in futures, deferred settlements and unallocated accounts, to the markets supplying bullion in Asia.

    read more.

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March 10, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

US Will Be Forced To Accept A Devalued Domestic Dollar, That’s When The Crisis Hits: Jim Willie

March 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Hugo Salinas Price: Apocalypse Is Upon Us. Noah’s Flood of Cash Coming. Thermonuclear WW3

  • Hugo Salinas Price: Apocalypse Is Upon Us. Noah’s Flood of Cash Coming
    by Greg Hunter’s USAWatchdog.com
    Mexican billionaire and retail magnate Hugo Salinas Price is a big proponent of using silver as money in Mexico. Salinas Price explains, “The idea is not to go back to a silver standard, but to create a parallel currency which would be a monetized silver coin.  It would not bear a stamped value.  It would be a plain silver coin with a quoted value given to it.  This value would be adjusted upward with a fall in the value of the peso or a rise with the price of silver.”Salinas Price pushed ideas similar to this in the past. This idea is being talked about again in the Mexican legislature, but there is no guarantee it will become a reality.  Why silver coins for the Mexican people?  Salinas Price says, “All material progress comes from saving, not from spending.  You have to save first, and from savings comes investment, and from investment comes jobs and income for a better way of life.  Savings are the primary source of prosperity.”


    It may get to be impossible to save in paper currency soon. Salinas Price reminds us that there are trillions and trillions of dollars in bonds hanging over the head of everyone on the planet.  When those bonds start liquidating, it’s going to rain inflationary money.  Salinas Price goes on to say, “All those clouds overhead are denominated in hundreds of trillions of dollars of debt hovering above the world.  It’s like a dark cloud.  There comes a point when that wants to become liquidated.  Bonds are presented for liquidation and turned into cash.  That’s when the trouble is going to start.  When they are liquidated, we are going to have a Noah’s Flood of cash.  With all this debt turned into cash, we are going to be wading in money.”

    Could a Fed rate hike start the bond market to liquidate? Salinas Price contends, “Apocalypse is upon us . . . this boom in stocks is about to collapse.  The total debt when Reagan came into office was $391 billion.  Now, it’s $20 trillion.  Something has got to give.  When interest rates start to go up, as they might on March 15th, we are going to see liquidation.  People are going to say bonds are falling in value because interest rates are going up, I think I want to sell my bonds. . . .  I also think the stock market is going to collapse, a big collapse is coming.  I also think gold is being hammered in preparation for what’s going to happen.  I think it has been taken down, so, when it starts to go up, it will go up from a lower level.”

    So, will we get hyperinflation? Salinas Price says, “I don’t know if it’s going to happen right now, but something is going to happen with this huge amount of debt.  It just can’t go on, and how is it going to end?  It’s going to end badly.  A lot of wealth is going to disappear. . . . I think, in the U.S. on March 15th, all hell is going to break loose because the U.S. will reach its debt limit.”
http://usawatchdog.com/noahs-flood-of-cash-coming-hugo-salinas-price/

Click on image for article.

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March 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Part 1/3: Power Struggle of Trump’s Knights Templar vs the Sick Pedophilia Satanic New World Order

March 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Warns: Is Collapse Next? Dollar Headed For Dustbin of History!

  • Published on Feb 28, 2017
    Gold is up $100 and silver is up $2 since the beginning of the year. Silver is approaching a short term breakout point, Jim Willie says. But still, manipulation is rampant in the precious metals markets, Willie reveals. There are up to 400 paper claims per physical ounce of gold, he says. Willie shares his take on Trump’s first month in office. Willie thinks Trump’s will “drain the swamp” some, but progress will be slow because Trump has swamp members in his cabinet. Stay tuned to hear Jim Willie’s update regarding the “Gold Trade Note.”

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March 1, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment