Socio-Economics History Blog

Socio-Economics & History Commentary

World Dumping US Debt & Hoarding Gold: De-Dollarization Explained

  • RT America Published on Oct 30, 2018
    In a special extended segment, Anya Parampil is joined by In Question producer Kei Pritsker, who explains why Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.

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November 1, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Lynette Zang & Dustin Nemos on October, Markets, Economic Doomsday Clock, and What You Can Do Now.

November 1, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Turkey and Brazil in PANIC MODE as Currency Meltdown Continues! Economy Weakening!

August 25, 2018 Posted by | Economics | , , , , , , , , , | Comments Off on Turkey and Brazil in PANIC MODE as Currency Meltdown Continues! Economy Weakening!

Stewart Thomson: President Trump May Bring About A Dollar Devaluation Sooner Than Later

  • Stewart Thomson: President Trump May Bring About A Dollar Devaluation Sooner Than Later
    by Stewart Thomson of Graceland Updates via https://www.silverdoctors.com/
    Can a gold investor have their cake and eat it too?  Is it possible for the Western fear trade and the Eastern love trade to push the price of gold higher at the same time?

    1. I believe the awesome answer to that question is a definite, “Yes!”, and here’s why I say that:
    2. America has a president who has launched dollar-positive tariffs.  It now appears that these tariffs are “here to stay”.  This president has also talked about giving T-bond holders a “haircut”.
    3. The easiest way to keep tariffs, promote exports, and give bond holders a hair cut without a default is to devalue the dollar.

    4. Look at this spectacular gold price chart. (top of post)
    5. I think dollar devaluation lies ahead, and given the advanced state of this enormous inverse head and shoulders bull continuation pattern, it may happen a lot sooner than most investors think.
    6. Please click here now. It can be persuasively argued that the biggest weight on gold demand since 2011-2012 has been India’s gold import duty and gold-negative government policy.

    7. The 80-20 import rule is gone, demonetization is in the past, the GST fiasco is over, and a panel has been set-up with a mission to double the gold sector’s contribution to GDP over the next five years!  The only gold-negative policy promoted by India’s government now is the import duty.
    8. While the dollar’s surge against the rupee and high oil prices make a duty cut unlikely in the short term, some form of dollar devaluation from the US Treasury would change the outlook for a cut dramatically.

    read more.

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August 22, 2018 Posted by | Economics | , , , , , , , | Comments Off on Stewart Thomson: President Trump May Bring About A Dollar Devaluation Sooner Than Later

John Williams: FedRes Flirting With Massive Sell-off in Dollar

  • John Williams: FedRes Flirting With Massive Sell-off in Dollar
    by Greg Hunter’s USAWatchdog.com
    Economist John Williams says if Hillary would have won the 2016 election, we would “most likely be in a full blown depression.” The problems in the economy started long ago no matter who was elected. Williams says, “I would contend we were already in a recession at the end of the Obama Administration. That’s one reason why Donald Trump got elected.”


    Williams says another negative for the economy is resistance on both sides of the isle of swamp creatures who do not want to pass legislation so Trump can bring home better jobs. Williams says, “Their motivation is not to provide those jobs.” So, Congress is working against “We the People,” and Williams goes on to say, “Yes . . . Yes, let me put it this way. Mr. Trump was something of an anti-establishment candidate, and the establishment had been in place on both sides of the isle for a long time. . . . Now, you have someone who is going to change the approach, one that is needed to get the system back on stabile footing. As a result, you have extraordinary turmoil in the press and a lot of opposition in Congress on both sides of the isle. He also has some support, and that’s where this next mid-term election is going to be interesting. My bet is the same people that voted for Mr. Trump for President are sensitive to the fact he has run into a lot of trouble here. If he had a slate of Congressional candidates that were looking at the same thing (as Trump), this whole thing might have gotten off to a little faster footing. There is going to be more people running for Congress this time that are aware of what needs to be done. I think you are going to have some surprises that will help the President.”

    Williams sees a declining economy and says, “This is what I see happening. As the economy turns down, that’s a negative for the dollar. Most importantly here, if the Fed backs off its tightening and moves back towards quantitative easing, and their minutes allow for it . . . they’re going to do that. Right now, the dollar is being supported by expectations of a higher interest rate. As the fed moves back towards quantitative easing, you are very likely going to see a massive sell-off in the dollar. The massive sell-off in the dollar becomes very inflationary. This is a big problem right now for the Fed.”

    Williams says everyone should hold a core position of physical gold and silver because they will work well as financial protection from a dollar sell-off and inflation.

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June 28, 2018 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

Russia And China Are Stockpiling Gold

  • Russia And China Are Stockpiling Gold
    by TOM LEWIS, http://www.goldtelegraph.com/
    President Trump has promised to institute trade tariffs on various imports, and some countries haven’t been happy about his actions. Russia has warned that it will retaliate against Trump’s 25 percent tariff on steel and 10 percent tariff on aluminum with levies of its own. Deputy Minister of Industry and Trade Viktor Evtukhov has indicated that its steel industry may face $2 billion of losses as a result of U.S. tariffs. Its aluminum industry could lose $1 billion. Both metals are critical to Russia’s export trade. If Russia imposes its own levies against the U.S., the U.S. auto industry could soon see higher taxes.

    In 2017, Russian imported $12.5 billion worth of commodities from the U.S., with aircraft, automobiles, and medical supplies making up the largest part of these imports. The import of cars alone totaled $837 million.

    Russian’s Deputy Minister Evtukhov plans on disputing the upcoming tariffs with the World Trade Organization and has suggested other countries limit their imports from the U.S.

    No decisions have been made in this upcoming trade war, where taxes are being used instead of guns in a quest for economic dominance. However, the effects will no doubt be felt on a global level.

    Russia has already taken financial steps to protect its interest. In April, it sold off almost $5 billion in U.S. Treasuries. This is bad news for the Federal Reserve, which desperately needs buyers of its bonds to finance the U.S.’s increasing debt. In addition, Russia has added 600,000 ounces of gold to its reserves in 2017. This gold accumulation has been a Russian trend since 2015. Other countries, especially China, has also been hoarding gold for years. This foreign increase in gold supply could devalue the U.S. dollar and dethrone it as the global reserve currency of choice. It would certainly create a bullish gold market.

    read more.

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June 26, 2018 Posted by | Economics | , , , , , , , , , , , | Comments Off on Russia And China Are Stockpiling Gold

How the Financial Reset Will Impact You | Lynette Zang (2018-06-19)

  • Reluctant Preppers Published on Jun 20, 2018
    How will the coming financial reset impact your cash, savings, retirement accounts, stock, bonds, real estate, mortgage, student loans, gold, silver, and other assets? Will the collapse DESTROY WEALTH or TRANSFER IT from the unprepared to the those who have positioned themselves in advance? What facts do we have to go on from past financial resets, and what signals can we glean from current official documents and filings being released? Reluctant Preppers host Dunagun Kaiser engages Lynette Zang, chief Market Analyst at ITM Trading to field your viewer questions in this lively and pointed exploration of the issues of greatest concern to you!

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June 21, 2018 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on How the Financial Reset Will Impact You | Lynette Zang (2018-06-19)

Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System

  • Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System
    by Greg Hunter’s USAWatchdog.com
    Financial writer and precious metals expert Craig Hemke says nobody should be comfortable with unpayable global debt that has piled up since the 2008 financial meltdown. A debt reset is locked in, but nobody knows when it will come crashing down. Hemke says, “That’s probably the right way to put it. I would not want to say, hey, there is going to be a debt reset by August 29th. I don’t think that’s the way you want to go with it, but it’s pretty obvious to anyone that we are in this parabolic Ponzi scheme. The debt is now increasing globally at such an exponential rate that, at some point, it becomes unserviceable. Then, at that point, you get this reset they’ve been talking about.”


    Hemke points out the same game that was being played to inspire confidence in the banking system back before the 2008 financial meltdown is happening again. Hemke says, “You can see this today, actually, in the attempt to inspire confidence in Deutsche Bank. You can pull up a chart of Deutsche Bank now, and you can clearly see the heavy hand and the overt support of the Deutsche Bank share price. It is about $11. That is about the all-time low it came down to a few weeks ago. In the last few days, it has been clearly supported at $11. . . . Why would central banks be supporting Deutsche Bank? Because if Deutsche Bank began spiraling down through $10 to $9 to $8, you would get this crisis of confidence from the other banks that are all linked to Deutsche Bank and this daisy chain of counter-party risk, and we are right back to where we were in 2008. Yes, some type of reset is coming because, ultimately, the debt is unserviceable. The debt grows so fast you cannot print enough money to service all your existing obligations, especially when the economy starts to collapse and you get another recession.”

    Hemke warns that many people own the same ounce of gold held at big banks and don’t know it. Hemke explains, “It’s sort of like the people who show up at the Bailey Building and Loan on George’s wedding day (It’s a Wonderful Life). As long as nobody is making a run for it, and everybody knows your money is invested in Bob’s house and your money is invested in Mary’s house, as long as nobody wants their money right away, George Bailey can run a fractional reserve system like that. It’s only when somebody shows up and says I want my 1,000 ounces of gold, now. I want my metric ton, now. That’s when this whole bullion bank system collapses. Suddenly, we get a realization where land trades directly, dollars for the asset. Art trades directly, dollars for the asset. Gold and silver are going to trade that way as well.”

    read more.

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June 21, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off on Craig Hemke: Parabolic Global Debt Will Collapse Bullion Bank System

THE NEXT CURRENCY: Crash Protection when the SHTF. Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Jun 19, 2018
    Link to Slides and Sources: https://www.itmtrading.com/blog/next-…
    Viewer Submitted Questions:

    Question 1. Craig J: why can’t the governments create a new fiat currency when this one crashes?
    Question 2. Joe M: How does an investor recognize a derivative product in the stock market, so I can avoid buying one. Are they in ETFs?
    Question 3. PM6550: If there is a planned ban on cash for digital currency, and there is a gold confiscation and a ban from using it too, how can I value or exchange my gold to go buy something when I need to?
    Question 4. Carl: We would like to ask Lynette if it is any safer to use a Credit Union instead of a Traditional Bank when the SHTF? And if you want to know what to actually DO about all of this, that’s what we specialize in. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you’re asking these questions you’re already ahead of the game. We’d love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar.

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June 21, 2018 Posted by | Economics | , , , , , , , , , , , , , , | 1 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.”

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May 3, 2018 Posted by | Economics | , , , , , , , , | Comments Off on Charles Nenner: Bloodbath Dow 5,000 Coming in 2020

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

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April 25, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset

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.

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April 25, 2018 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on The Creation Of A New International Trade Currency Will Damage The Dollar

Banks Will Modify Your Contracts During The Reset: Hyperinflation Part 2 of 4

  • ITM Trading Streamed live 2 hours ago
    Slides and Links: https://www.itmtrading.com/blog/banks…
    The Most Important Number in the World What I’m going to show you today is the most likely trigger to blow the financial system up where it is NOT repairable and how the banks have the legal right to change YOUR contracts; mortgages, auto loans etc., without your permission. The old financial system has been on life support since 2008. It is dying, frail and rigid and the central banks have used up their fiat money bazooka. Central banks are accumulating gold to protect their power… me too.

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April 21, 2018 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on Banks Will Modify Your Contracts During The Reset: Hyperinflation Part 2 of 4

The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher

  • The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher
    by https://www.silverdoctors.com/
    Lynette Zang explains how there’s already been one currency devaluation with a gold revaluation two days later, and soon it will be America’s turn. Here’s why… Lynette Zang interviewed on Reluctant Preppers:

    Are the markets set to resume their record bull climb, restoring your nest egg, or is banking risk placing your earning, savings, pensions, and home value at great risk?

    Lynette Zang, chief market strategist at ITM trading aka “Data Gal,” uses the banks’ own charts and published figures to lay out the facts do you can decide what’s really going on, and take necessary measures to protect your family’s wealth and well being!

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Comments Off on The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher

The Hammer Is About To Fall, The Central Banks Are Obsolete

April 9, 2018 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on The Hammer Is About To Fall, The Central Banks Are Obsolete