Socio-Economics History Blog

Socio-Economics & History Commentary

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 | , , , , , , , , , , , , , | Leave a comment

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 | , , , , , , , , , , , , , , , | Leave a comment

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 | , , , , , , , , | Leave a comment

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

Are We About To Get Another Plaza Accord Style Devaluation Of The Dollar?

  • Are We About To Get Another Plaza Accord Style Devaluation Of The Dollar?
    by https://www.silverdoctors.com/
    “trade tensions with the U.S. are one factor behind the strengthening of the yuan, and “there are similarities” between China now and Japan in 1985…”

    by Wendy Chu via GATA
    China’s forex regulator has warned residents and companies not to “gamble” on the yuan’s exchange rate, as the currency’s rapid appreciation raises concerns about its impact on Chinese exports.

    The warning from Wang Chunying, head of the international payments department at the State Administration of Foreign Exchange, came after the yuan has gained about 9 percent against the U.S. dollar in the last 12 months.

    That has fueled talk that China is on a similar trajectory to Japan after Japan signed the Plaza Accord in 1985 — to weaken the U.S. dollar against the yen, resulting in a sharp rise in the Japanese currency — when it was under pressure from Washington to cut its trade surplus.

    In an interview with state news agency Xinhua over the weekend, Wang did not touch on trade tensions with the U.S., but said “the yuan has entered a stage of two-way fluctuation.” She said foreign exchange purchases should be based on real demand rather than speculation on the yuan’s movement. “Especially for companies, they should not use financial derivatives as a tool to make money,” Wang said. “Companies should have the awareness.”

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April 7, 2018 Posted by | Economics | , , , , , | Comments Off on Are We About To Get Another Plaza Accord Style Devaluation Of The Dollar?

Lynette Zang: Gold Still Rises In Price Even AFTER The Reset

  • Lynette Zang: Gold Still Rises In Price Even AFTER The Reset
    by https://www.silverdoctors.com/
    Lynette has new information on the coming reset based on happenings in Venezuela and the proposed legislation in the U.S. Congress. Here’s the details… from Lynette Zang of ITM Trading:

    Question 1: Venezuela has done the reset of its currency to gold. Does this means that the reset is dependent on each country’s government and only those facing a crisis like Venezuela? Will there be an eventual reset on a global level such that all countries will reset their currency to the true fundamental gold value?

    Question 2: Should I sell my gold/silver bullion for junk silver coins or silver eagles?

    Question 3: I was waiting on Lynette’s response about what would happen to a TD Ameritrade account upon a systemic failure, hopefully you can squeeze this in.

    Question 4: House bill 5404 on gold standard. Your thoughts?

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April 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Comments Off on Lynette Zang: Gold Still Rises In Price Even AFTER The Reset

The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster

  • The world is burdened by an unpayable amount of debt that is crippling economic growth. There is going to be a DEBT Jubilee, ie debt forgiveness, to extinguish debt.
  • The process by which this is done is called a Global Currency/Financial Reset. It is a euphemism for the Return to the Gold Standard. The price of gold will be revalued upwards many folds to enable governments to extinguish debt.
  • Governments around the world cannot just say to banks: All debts owed to you is now invalid. The entire banking/financial system will go BUST. Everyone’s savings will disappear overnight. Governments will revalue gold price upwards 10x, 50x … and then use the overnight increase in asset to buy debts from the banks. Thus, debt is forgiven.
  • By implication: fiat currencies will suffer a massive devaluation against gold/silver.
  • The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster
    by https://www.silverdoctors.com/
    Rooted in the Bible and based on debt forgiveness, wiping the slate clean with a debt jubilee may stave off the next financial crisis. Here’s why… Richard Vague on interviewed by New Economic Thinking:

    How do you know a major financial crisis is coming? Look for a spike in privately held debt, by households and corporations.

    That’s the argument of Richard Vague, author of The Next Economic Disaster: Why It’s Coming and How to Avoid It. Having worked for more than 30 years in consumer banking, Vague describes how he saw the build-up of private debt in the mortgage and credit card industries first hand–even though it’s an issue that neoclassical economists like Milton Friedman barely acknowledge. To avoid another crisis, Vague says firms and governments need to take debt forgiveness–the biblical “jubilee”–seriously. As he says, after the financial crisis “We helped the banks, we didn’t help the households.”

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April 6, 2018 Posted by | Economics | , , , , , , , , , | Comments Off on The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster

Global Monetary Reset Ahead, Bullion to Infinity! | Derrick Michael Reid

  • SilverDoctors Published on Mar 27, 2018
    “There are now numerous triggers to a monetary reset and fiat devaluation in place that could send bullion to infinity in terms of price,” California Libertarian Senate Candidate Derrick Michael Reid tells Silver Doctors. The U.S., China, and Russia are emerging as strong nationalistic forces. Reid says each country is preparing for a fiat currency meltdown. China and Russia has been accumulating gold. And Reid believes the U.S. has the gold it says it has. Also, Reid sees Trump teaming up with China and Russia to take down the global bankers. Reid says the monetary rest will wipe out all people’s savings. How can people prepare? He suggests investing in physical gold or silver.

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March 28, 2018 Posted by | Economics | , , , , , , , , , , , | Comments Off on Global Monetary Reset Ahead, Bullion to Infinity! | Derrick Michael Reid

Top Silver Expert Predicts $500 Silver

  • FinanceAndLiberty.com Published on Mar 4, 2018
    Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver. Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver. As for the short term, Morgan sees gold and silver moving higher within the next few months. Silver backed cryptocurrency mentioned in the interview: https://ag.lode.one/

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March 5, 2018 Posted by | Economics | , , , , , , , , | Comments Off on Top Silver Expert Predicts $500 Silver

The Big Event Is On The Horizon Which Will Change The Country: Jim Willie

March 5, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Comments Off on The Big Event Is On The Horizon Which Will Change The Country: Jim Willie