Socio-Economics History Blog

Socio-Economics & History Commentary

Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads

  • Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads
    by Greg Hunter’s USAWatchdog.com
    Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”


    The International Monetary Fund (IMF) has just warned on the profitability of nine huge global banks. Some say they equal nine possible Lehman Brothers, which was the financial institution that started the 2008 meltdown. Is the IMF terrified of the slightest correction in the markets? Dr. Roberts says, “I think so, yes, because it’s not based on reality. It’s based on massive liquidity. So, it’s full of all kinds of dangers.”

    The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack. If for some reason people said, hey, we don’t want the dollar anymore, and they started moving out of dollars into other currencies or into something else, if they cease to hold assets in dollars, if that happened, the Fed would have to try to raise interest rates to support the dollar. Then you could see that everything could come apart. If the interest rates would go up, there would be all kinds of derivatives that would not be sustainable. The stock market would collapse. It would be a mess. It would be an utter mess. That’s what the IMF is worried about. It’s a messy situation. How do you get out of it?”

    How does Dr. Roberts say people should protect themselves? Dr. Roberts says, “I would not be in debt.”

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October 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Buried In The Fed’s Report It Reveals The Truth About The Economy: Charles Hugh Smith

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

SDR: The New Global Currency

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

  • SDR: The New Global Currency
    by Chris at www.CapitalistExploits.at, via http://www.zerohedge.com/
    Bollocks!
    Hi there,

    I’ve been hearing a lot from private bankers lately (they’re always trying to flog you product), though the topic being discussed amongst themselves is that of the SDR going mainstream, and they’ve been asking my opinion. We don’t have to look far to understand why.

    End of the US Dollar Rally says HSBC’s Bloom, Cuts Forecasts for USD

    Global Players Circumventing the Dollar
    Fuelling this narrative has been talk about those sneaky Chinese and their moves to disintermediate the dollar through the development of gold contracts and oil traded in yuan.

    All of this appears to be painting a particularly nasty picture for the greenback, and the bears, as we can see, are all in and betting on black. This is the backdrop to the discussions those private bankers are having around the SDR. After all, if one hegemonic currency is to go away, it surely can’t do so without another replacing it.

    Enter the SDR.
    Let’s briefly define what an SDR exactly is so we know what we’re talking about. Think of it as an ETF of international currencies which adjusts its weighting according to the prominence of currencies in terms of international trade and FX reserves. It’s currently made up of the following five currencies: USD 41.73%, EUR 30.93%, RMB 10.92%, JPY 8.33%, and GBP 8.09%.

    It is the brainchild of the IMF, an organisation that should be taken outside and shot. No trial, no last meal, and no flowers, please. The ideas coming out of this creature pretty much guarantees they should be avoided like a bubonic rat.

    And speaking of the IMF, we have the head, one Christine “I’m a wretched old goat” Lagarde riding the coattails of the crypto currency boom.

    read more.
http://www.globalresearch.ca/the-financial-new-world-order-towards-a-global-currency-and-world-government

Click on image for article.

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October 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now: Lynette Zang

  • Lynette Zang: The US Dollar is Finished BUT They Will Suppress Gold Until Otherwise
    by http://www.silverdoctors.com/
    “Otherwise” is when the central banks make their move. Lynette says the central bankers are letting everybody get comfortable with crypto, but what happens after that is terrible news for anybody who is not prepared for it…

    Lynette Zang interviewed on X22 Report:
    The conversation starts off with a discussion of the stock market in general. Just the tiniest decline of a few percent would cause complete insolvency by in many of the large banks, Lynette says.

    The conversation then shifts to what Lynette calls “the primary currency metal”, gold. Central banks hold gold, and Lynette points out what would happen if and when the central banks reset their currencies to gold.

    The discussion then turns to cryptocurrency and the role it will play in the central bank plan to reset the economy. For now, the central banks are getting everybody comfortable in the crypto piece, but there will come a time when the central banks take over crypto, Lynette says. Other topics include:

    * Central banking
    * Economic collapse
    * The bond and real estate markets
    * Oil-for-Gold move away from the US dollar
    * U.S. entitlement spending

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

Gregory Mannarino: Fed Going to Kill Dollar – Will Be Forced To Print Money

  • Gregory Mannarino: Fed Going to Kill Dollar – Will Be Forced To Print Money
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Trader/analyst Gregory Mannarino says Fed Head Janet Yellen “lied” when she spoke last week about the “mystery” of not hitting the Fed’s inflation targets. Mannarino explains, “It’s no mystery.  You have to choke or laugh or barf when you hear her say something like that, and no one checks her on that.  It’s an absolute lie, an incredible lie . . . the economy is dead in the water.  It’s Economics 101.  That’s why she can’t create inflation.  It’s no mystery.  The cash isn’t moving.  The cash is not moving because the economy is going nowhere.  She can perpetuate the lie because she has managed to inflate the stock market.  The average person looks at the stock market and says the stock market is going up.  So, that means our economy is doing well.  It’s an incredible thing, but it’s just not the truth.  This is how they can twist people’s minds.  By keeping the market elevated, it is an illusion.  The illusion becomes real to the uninformed.”

    Mannarino says rates are going higher, and that will be bad for house prices. Mannarino explains, “If Yellen is successful and the yield curve starts to normalize, because right now it’s flat, that would put pressure on housing, and cash would come out of housing.  You would lose the wealth effect.  You can get a selloff in bonds, a selloff in the stock market, and this could turn into something very, very ugly, which it’s going to do one way or the other.  Again, if Janet Yellen is successful, the cost of money or the cost of cash will rise.  What does that mean?  That means the dollar, theoretically, should get stronger.  Multinational companies’ earnings are going to suffer.  That will put more pressure on the stock market. . . . It’s kind of unusual that the Fed is choosing right now to normalize their balance sheet.  The Fed is talking about getting rid of those mortgage-backed securities right now at the top of a housing market bubble.  They know it’s a bubble, and they re-inflated that bubble on purpose.”

    read more.

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

China Dollar Dump Means Hyperinflation – Chris Martenson

  • China Dollar Dump Means Hyperinflation – Chris Martenson
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Resource analyst and futurist Chris Martenson says everyone should be taking notice of our “dangerous markets.” At the center of the danger zone is the declining U.S. dollar.  Martenson explains, “We are talking about a steady erosion of the dollar as a reserve currency.  I think that is most likely.  The only thing that could make that really go fast is some kind of war.  The United States and China, we got to keep our eye on this because Trump has been threatening a trade war with China.  China responded and said if you do that, we may dump the dollar. . . . So, there is all this trade and financial back and forth and maybe even actual war at some point. . . . China has the ability to really impact the dollar in a big way on the world stage.  We better hope it does not come to that because a slow erosion we can adjust to; a quick erosion is going to really roil the markets and maybe blow a few of them up.”

    Martenson contends the U.S. could see hyperinflation in a short time if China “dumps the dollar.” Martenson explains, “The way that works is let’s say they want to unload $500 billion on some Tuesday morning.  Who is going to buy that $500 billion?  Who is on the other side of that trade?  Well, if there are not enough people bidding for those dollars, the price has to fall until you find enough people to absorb those, and the dollar would fall in value against all other sorts of other things such as other currencies, oil, gold, silver and all those things. . . . We would be looking for a paired event.  What we would be looking for is interest rates starting to rise on Treasuries and the dollar starting to fall in value in value against a variety of things.  Once we see those two things, we know we have a financial war or a monetary war. . . . That’s what blows up the derivatives market.  That’s what makes difficulties for traders.  That’s what makes the high frequency computers say I don’t like this and bolt and instantly evaporate from the markets.”

    read more.

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September 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Dollar Decline, the Rise of China’s Gold Yuan + 5 Levels of Preparedness | Jerry Robinson

  • CRITICAL PREPARATIONS for Rise of Gold-Backed Chinese Yuan and Fall of US Dollar
    by http://www.silverdoctors.com/
    Jerry Robinson shares critical areas of preparedness that all Americans should engage in right now as the world ditches the US dollar. Sure, there may be plenty of toilet paper available, but from the most basic preps to financial readiness, Jerry has it covered…

    Jerry Robinson interviewed on Reluctant Preppers
    The subject of much resistance, even in the alternative media, the upcoming global embracing of the Chinese yuan-traded oil contract, convertible to gold on the Chinese gold exchanges, will have serious implications for people holding and using the US dollar.

    As Western and Eastern United States find out, some the hard way, that the only real time to prepare is before disaster strikes, the coming dollar collapse will have deep and lasting effects on everybody. It will be a financial disaster like no other.

    In this robust interview, Jerry and Dunagun discuss what actions every person should take right now to prepare for the inevitable. It may seem like there is still time, until all of the sudden there isn’t.

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

The Petro-Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency — James Rickards

  • Money Master Published on Sep 10, 2017
    The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency

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

In Gold We Trust: How the ‘Entire Western Monetary System is a Fraud’

  • In Gold We Trust: How the ‘Entire Western Monetary System is a Fraud’
    by https://sputniknews.com/
    The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies, according to economist Peter Koenig.

    The former World Bank staff, current economist and geopolitical analyst Mr. Peter Koenig told Sputnik Radio that this decision by Sberbank is just a continuation of economic and trade agreements between Russia and China. 

    “Both the ruble and yuan are 100 percent covered by gold, so this is just a part of a larger, fairly advanced scheme of the de-dollarization of their economies,” Koenig said.

    He further said, “The entire western monetary system is basically a fraud. It is privately made and privately owned. All international transfers have to transit through Wall Street banks and that is the only reason why the US can actually sanction as they say ‘countries that do not behave according to Washington’s dictate.’”

    read more.

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

De-Dollarization Begins, China Readies Yuan Base Crude Oil

  • X22Report Published on Sep 4, 2017
    Countries are now starting to make laws to control cryptocurrencies like Bitcoin. The everyday American cannot afford to live and cannot live the American dream.  China is now pushing the agenda to de-dollarize. China will be backing crude oil using the yuan that will also be backed by gold. The western financial system is now moving to the east. The central bankers have completed the setup and is now getting ready to switch over.
  • X22Report Published on Sep 5, 2017
    Leaked BREXIT document shows the UK establishing new rules on immigration. We are now seeing signs that gold is getting ready to break out. Lego is now laying off 1500 people. Factory orders implode and the economy continues to deteriorate. Latest NAFTA negotiations are not going well, all sides have not come to any agreements. The BRICS are now allowing more countries to join and they are establishing a rail system for the belt & road.

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September 6, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Rickards: Here’s How to Crack the Code on Gold — It Won’t Be A Parabolic Rise But $10,000 Gold Is Coming

  • Rickards: Here’s How to Crack the Code on Gold — It Won’t Be A Parabolic Rise But $10,000 Gold Is Coming
    by CRAIG WILSON, https://dailyreckoning.com/
    Jim Rickards joined Kitco News and Daniela Cambone to discuss the latest news and analysis from gold markets, geopolitics and even bitcoin.  The Wall Street veteran took on the bigger picture facing metals investors and what could be just around the corner in a bubbling market.

    When asked why certain geopolitical tensions have greater impacts on gold and hard assets than others Rickards remarked, “There are two things going on, first is that the North Korean missile threat goes from high tension to back down again. This is a very serious threat and we are headed for war with North Korea. While I don’t know what it will take to not just get gold to go up but stocks and other sectors, ultimately markets are going to be impacted.”

    “People seem to have very short attention spans but that’s not how to think about it. It’s possible to see that Kim Jong-un is not deviating from his path to get nuclear weapons, the U.S will not allow it. There’s no middle ground there. It would be great if we could have diplomacy. I think we should also ratchet up sanctions on China. But I don’t see either of those happening.”

    Jim Rickards is the editor of Strategic Intelligence and is the New York Times best-selling author of The Road to Ruin. Rickards’ worked on Wall Street for decades and has advised the U.S intelligence community on international finance, trade and financial warfare.

    “Don’t underestimate the extent to which gold is being impacted by hedge funds, leverage players, and others that are in the mix for the current high in gold. They don’t really care if it is gold, soybeans, etc. but it is simply another commodity. They receive a nice profit with tight profits, tight stops.”

    read more.

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September 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Jim Willie: All American Finance Is Fraud

https://ochelli.com/wp-content/uploads/2017/08/The-Ochelli-Effect-2017-08-30.mp3

Click on image for MP3 audio interview.

  • Jim Willie: All American Finance Is Fraud
    by https://ochelli.com/, http://goldenjackass.com/
    Oil and the Petro-dollar , as Houston is pounded by Hurricane Harvey. What’s the reality of the trail of Gold Bars that are allegedly in Fort Knox? Jim Willie helps us follow the money as White Dragons make deals , Rothschild Family divides and the Chinese continue bailing out of the sinking ship that is the U.S. Dollar. All American Finance Is Fraud . How Much Gold would it take to back a U.S. Dollar ? Snowballs or ice pops in Hell? Banks and their Cartel Customers? Drugs , Oil , Blood , just a different bank bag containing the same shit. All American Finance Is Fraud Government is paralyzed by debt, ceiling or No ? All American Finance Is Fraud . We only had an hour with Jim Willie but if you need to know more … Which you do … Go Get :  Follow That Money

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September 1, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

Everyone Will Need To Insure Their Wealth As The Dollar Dies: Edward Karr

August 28, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

There Is A Major Shift From West To East Occurring As The Dollar Dies: London Paul

August 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , | Comments Off on There Is A Major Shift From West To East Occurring As The Dollar Dies: London Paul

Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300 & Silver $625

  • Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300, Silver $625 Now
    by Greg Hunter’s USAWatchdog.com
    Market analyst Lynette Zang says get ready for a “money standard shift.” A reset in how we buy and sell things is being put into place. Zang contends, “Look at the crypto currency area because they know that’s where they want to go. They have to take us there so they can get rid of cash, and they can control everything directly. . . . Generally speaking, all these new crypto coins that are coming out and are making lots of money and people marry that money because of nominal confusion, what is really happening is they are preparing us . . . for a money standard shift.”


    Zang explains that the U.S. dollar has lost about 96% of its value since inception of the Federal Reserve, and its value is “nearing the bottom. . . . So, there is no place else to go but to digital currency,” says Zang.

    On interest rates, Zang says with all the massive debt out there globally, rates cannot be allowed to rise, and central bankers “need interest rates to be negative.” Zang says, “Interest rates will not go up too much further because that will trigger the derivative market unless they are ready for the shift . . . because all that debt keeps coming due. It’s not like they are paying that debt off, they are just rolling it into additional debt. Rising interest rates will cost everybody more money.”

    If rates go up to around 4%, Zang contends, “That would be a trigger and cause a derivative event that will implode all the markets.”

    Zang says we are headed towards an undemocratic technocratic financial system. Zang explains, “Technocrats don’t care about people, they care about systems. That’s what the most important thing is. The formulas that guide all of those systems is not how a democracy works. . . . Essentially, what they are trying to do is get all wealth held in cyberspace and the title to all wealth held in cyberspace. Then the “Smart Contract” can immediately transfer that title. You can go to the mall and spend the equity in your house.”

    Zang warns that central banks could make a big mistake and lose control quickly. Zang says, “They could lose control because it’s all about confidence. Why do they keep testing all of this confidence? People have been losing a lot of confidence in the governments and central banks. Why do they need a trustless system? They could lose control.”

    Zang says every fiat currency will reset against gold and silver, and if it happened today, she estimates “gold would be more than $9,300 per ounce” and “silver would be more than $625 per ounce.”  Zang says, given all the unpayable debt in the world, those are conservative estimates.
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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August 17, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment