Socio-Economics History Blog

Socio-Economics & History Commentary

Gerald Celente: Iran War, Oil or Tech Could Sink the Economy

  • War & Financial Calamity Two Biggest Trends – Gerald Celente
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Top trends forecaster Gerald Celente thinks of all the things he studies, war and financial calamity are the two biggest trends he sees. The big game changer in the geopolitical global landscape is war coming from the Middle East.  Celente explains, “It’s the war against Iran.  That’s the way we see it, and we recently did a trend alert on it.  The Iran war will be World War III.  It will also probably be the war to end all wars and a good part of civilization if it happens.  These are the Persians, and they are not going anywhere.”


    Celente contends oil will be at the center of the conflict and points out, “Three years ago almost to the date, June of 2014 a barrel of oil was selling for $115, today around $45 a barrel. There is going to be economic turmoil throughout the Middle East.  I always say when all else fails, they take you to war.  You see the war between Yemen and Saudi Arabia, it’s going to blow into Saudi Arabia. . . . So, when we are looking at the Middle East, it’s really Iran.  They are shooting down Iranian planes and shooting down Iranian drones.  Iran is the bottom line in this. . . . So, we see these tensions really building up, and it’s going to be Iran.  If Iran and anybody goes to war, the Russians and the Chinese take the Iranian side, and Europe and the United States take the other side.”

    In the coming financial calamity trend, look no further than financially strapped Illinois that is so broke it is no longer allowed to sell Powerball lottery tickets. Illinois is insolvent and cannot pay its bills.  It has hundreds of billions of dollars in bond debt and pension obligations and no way to pay them. Celente says, “All it will do is screw the people.  That’s all it will do.  This is like austerity measures in other countries.  That means they are going to rob you of your pensions, your benefits, raise your taxes, and they will increase your retirement age until after you die.  So, what they will do is keep the Ponzi scheme going. . . . There are two different worlds.  The people’s lives can continue to decline.  That we are seeing with the wage data.  Obama bragged, folks I created 10 million jobs.  According to the Harvard/Princeton study, 94% are temporary work.   So, you can see all these collapses going on, but they will keep the Ponzi scheme going.  So, we will have a decline, in absence of a wild card, and we see a 10% correction in the market. If we have terror strikes or other wild cards, it’s going to be a crash because it’s all being held up by lies and dirty deals for the very rich.”

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June 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

US Recklessly Provoking Russia. The Unthinkable Could Happen by Accident or Design

  • US Recklessly Provoking Russia. The Unthinkable Could Happen by Accident or Design
    by Stephen Lendman, http://www.globalresearch.ca/
    Instead of fulfilling a campaign promise to improve bilateral relations, Trump so far continues acting provocatively. He’s pursuing the same reckless agenda as Obama, pushing the envelope toward possible direct confrontation with Russia. Despite neither country wanting war, unfolding events may cause the unthinkable to happen by accident or design. Among major powers, Russia is the world’s leading peace and stability champion – America just the opposite.

    It’s recklessly waging wars in multiple theaters, threatening conflicts against North Korea, Iran, and perhaps Russia the way things are going. Madness defines US policy, state terror on a global scale, naked aggression its main expression, controlling planet earth, its resources and people its objective – risking potentially life-destroying nuclear war.

    Last week, Senate members near unanimously imposed new illegal sanctions on Russia, including on its energy sector. House action awaits. On Monday, the US Treasury’s Office of Foreign Assets Control (OFAC) said it “reinforced existing sanctions on Russia by designating or identifying a range of individuals and entities involved in the ongoing conflict under four Executive orders (EOs) related to Russia and Ukraine,” adding:

    “US sanctions on Russia related to the situation in eastern Ukraine will remain in place until Russia fully honors its obligations under the Minsk Agreements.” “US sanctions related to Crimea will not be lifted until Russia ends its occupation of the peninsula.”

    Fact: Russia wages peace, not war. Alone it’s gone all-out to resolve things in Ukraine diplomatically, its good faith efforts sabotaged by Washington. Fact: Crimea is Russian territory, its newest republic, supporting the will of its people, correcting a historic error. Fact: The territory won’t be handed back to US-installed putschists running Ukraine. Its people won’t be betrayed for Washington or anyone else.

    Russia and America are world’s apart on Syria. Moscow seeks diplomatic conflict resolution, the country’s sovereignty respected, its territorial integrity preserved. Washington wants endless conflict, puppet governance it controls replacing overwhelmingly popular Assad, reelected president in June 2014 by an 89% majority.

    International observers called the process open, free and fair despite ongoing war, creating enormous hardships for its people. They want no one else leading them. They want their sovereign independence respected. They reject foreign meddling in their affairs – especially by America, NATO, Turkey, Israel, Saudi Arabia and their rogue allies.

    On Wednesday morning, a NATO F-16 warplane, likely a US one, provocatively tried following closely behind Russian Defense Minister Sergei Shoigu’s aircraft over Baltic Sea international waters while en route to Kaliningrad.

    Russian Su-27 fleet fighters escorted his plane. As the likely US warplane approached, a Russian Su-27 maneuvered between both aircraft, waving its wings, displaying its arms, sending a clear message to back off or risk being downed.

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June 26, 2017 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

Two Italian Zombie Banks Toppled Friday Night

  • Two Italian Zombie Banks Toppled Friday Night
    by , http://wolfstreet.com/
    ECB shuts down Veneto Banca and Banca Popolare di Vicenza.
    When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!


    It’s over for the two banks that have been prominent zombies in the Italian banking crisis: Veneto Banca and Banca Popolare di Vicenza, in northeastern Italy.

    The banks have combined assets of €60 billion, a good part of which are toxic and no one wanted to touch them. They already received a bailout but more would have been required, and given the uncertainty and the messiness of their books, nothing was forthcoming, and the ECB which regulates them lost its patience.

    In a tersely worded statement, the ECB’s office of Banking Supervision ordered the banks to be wound up because they “were failing or likely to fail as the two banks repeatedly breached supervisory capital requirements.”

    “Failing or likely to fail” is the key phrase that banking supervisors use for banks that “should be put in resolution or wound up under normal insolvency proceedings,” the statement said. This is the first Italian bank liquidation under Europe’s new Single Resolution Mechanism Regulation. The ECB explained:

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June 26, 2017 Posted by | Economics | , , , , | Leave a comment

Those In Government Just Revealed Their True Agenda

  • Published on Jun 22, 2017
    Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rn… 

    Get economic collapse news throughout the day visit http://x22report.com 
    The Senate releases their new health bill. Rand Paul says it still does not benefit the people, this is another rewrite of the original bill. Trump says he never made tapes of his conversation with Comey. Judicial watch president says that the President can just order the documents from the Obama library. Government officials want to carry weapons because they are important people. The US is now a second tier country. Pentagon wasted 93 million on camouflage uniforms in Afghanistan. Macron says it is time to fight terrorism with Russia, big words when France is still working with the US. By this one little action government officials have shown their true agenda, a bill was introduced where the US would not be allowed to fund terrorists, no one supported it.

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June 24, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

Deep State Uses Military Deception To Provoke World War

  • Published on Jun 22, 2017
    Infowars Reporter Joe Biggs breaks down new developments in the Deep States plan to provoke WW3 with North Korea.

From: Vintage ‘Trees’ music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

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June 23, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Leave a comment

NATO-Russian Aerial Intercepts Intensify Amid Escalation in Europe

  • NATO-Russian Aerial Intercepts Intensify Amid Escalation in Europe
    by https://sputniknews.com/
    The attempt by a NATO fighter aircraft to approach a Russian plane carrying Defense Minister Sergei Shoigu became only the latest episode in a string of similar incidents as the alliance’s warplanes continue to test Russia’s defenses amid growing military escalation in Europe.

    On June 21 a NATO F-16 fighter aircraft made an attempt to approach the plane carrying Russian Defense Minister Sergei Shoigu over neutral Baltic waters, but was promptly chased away by a Russian Su-27 warplane.

    This incident, however, wasn’t a singular occurrence, to put it mildly, as only a day prior to that, on June 20, Russia scrambled its fighters to intercept a US Boeing RC-135 surveillance plane, and on June 6 Russian fighters intercepted a US B-52 strategic bomber which attempted to approach Russia’s borders; both intercepts also took place over the Baltic Sea.

    It should be noted that while the Pentagon officials sought to gloss over the incident involving Shoigu’s plane, claiming that the NATO fighter was merely following standard procedure, they blasted the RC-135 intercept, branding the Russian pilot’s actions as unsafe, according to RT.

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June 23, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

Some in Govt Want War with Russia ‘to Justify Gross Military Buildup’ – Professor

  • Published on Jun 21, 2017
    Tensions between US and Russia continue to escalate, from NATO encroachment on Russia’s borders to US belligerence in Syria. Daniel Kovalik, professor of international human rights, joins RT America’s Natasha Sweatte to discuss the flimsiness of “Russiagate” claims and how they originated in Clinton’s search for a scapegoat to explain her defeat. He also unpacks how the Russia probe is connected to US posturing in Syria and the likely future of US-Russia relations.

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June 22, 2017 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

Pentagon Warns Russia for ‘Unsafe’ Intercept of US Spy Plane Over Baltic Sea

  • Pentagon Warns Russia for ‘Unsafe’ Intercept of US Spy Plane Over Baltic Sea
    by SOFIA PETKAR, http://www.express.co.uk/
    THE US has issued a warning to Russia after a fighter jet flew within five feet of a US Air Force reconnaissance plane in an “unsafe” manner over the Baltic Sea.

    The near-miss occurred over international waters on Monday, approximately 25 miles north west of Kaliningrad – a Russian enclave between Poland and Lithuania. Officials said the encounter was deemed “unsafe” due to the Russian pilot’s “high rate of closure speed and poor control of the aircraft”. 

    US Navy spokesperson Captain Jeff Davis, said: “Russia is certainly within its right to exercise within international airspace, but we want them to respect international standards for safety to prevent accidents. “The vast majority of interactions we have, intercepts that occur when we fly and that are intercepted by the Russians are safe. “This is an exception, not the norm, but we were again operating in international airspace and did nothing to provoke.”

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June 22, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

Russian SU-27 Warns Off NATO F-16 Trying to Approach Defense Minister’s Plane Over Baltic (VIDEO)

  • Russian SU-27 Warns Off NATO F-16 Trying to Approach Defense Minister’s Plane Over Baltic (VIDEO)
    by https://www.rt.com/, 21 June 2017
    A NATO F-16 fighter jet has tried to approach the Russian defense minister’s plane above the neutral waters of the Baltic Sea. The plane was warded off by a Russian Su-27 escorting the minister’s aircraft.

    Russian plane was en route to the city of Kaliningrad, a western Russian exclave between Poland and Lithuania on the Baltic Sea, where Defense Minister Sergey Shoigu is scheduled to discuss security issues with defense officials on Wednesday. The incident was first reported by journalists of Russian state news agencies on board Shoigu’s plane.

    While one NATO aircraft tried to approach the Russian airplane, a Russian Su-27 fighter jet got in its way and tilted its wings, apparently showing its arms. The F-16 then flew away. Kremlin spokesman Dmitry Peskov said that he has no information about the incident.

    “It’s probably better to ask the Defense Ministry,”
    Peskov said in answer to journalists’ questions.


    NATO confirmed that three Russian aircraft were tracked over the Baltic Sea, claiming they were unaware that the Russian Defense Minister was onboard one of the planes. “As the aircraft did not identify themselves or respond to air traffic control, NATO fighter jets scrambled to identify them, according to standard procedures NATO has no information as to who was on board,” a representative of the alliance told reporters.

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June 22, 2017 Posted by | GeoPolitics | , , , | Leave a comment

EU to ‘Cross the Rubicon’ in March Towards Euro Army as Eurocrats Praise ‘Constructive’ UK

http://www.express.co.uk/news/politics/819625/EU-army-Europe-set-cross-Rubicon-unified-defence-plan-UK-Britain

Click on image for article.

https://sputniknews.com/politics/201705311054157040-merkel-nato-eu-army/

Click on image for article.

http://www.express.co.uk/news/world/735031/EU-votes-to-create-Super-Army-as-defence-plan-passes-through-parliament

Click on image for article.

http://www.express.co.uk/news/world/734827/eu-army-military-schengen-meps-european-parliament

Click on image for article.

http://www.express.co.uk/news/politics/734711/EU-army-agreed-strasbourg-defence-Britain-pays-bill-blame-Brexit-article-50-NATO-SHAPE

Click on image for article.

http://www.express.co.uk/news/world/711969/Brussels-bureaucrats-EU-army-headquarters-plans-move-close-military-base

Click on image for article.

June 22, 2017 Posted by | EndTimes, GeoPolitics | , , , | Leave a comment

Crisis On The Horizon: Will It Be Economic Collapse? Global Civil Unrest? War? We Won’t Have To Guess Much Longer …

  • Crisis On The Horizon: Will It Be Economic Collapse? Global Civil Unrest? War? We Won’t Have To Guess Much Longer …
    by Jeremiah Johnson, June 20th, 2017, SHTFplan.com
    “Never let a crisis go to waste.” -Rahm Emmanuel
    The algorithm is simple: Governments coerce their pet monkeys to pay taxes into the system – the self-perpetuating machine – and thereby the monkeys become the very sources of funding to build, equip, staff, and enforce their own incarceration.


    There are too many individuals with dreams, plans, goals, and ambitions for themselves and their families.  There is too much individualism.  It eventually must be crushed, in order to maintain the existing social, political, religious, and economic order.  The order will eventually blend all of the elements and “homogenize” them to assure mutual self-support for the overall goal: the supremacy of the State and the subjugation of the masses.

    The paradigm shift is from the rugged individual raising a family of self-supporting and producing citizens that contribute to their government to the collective, where the individual is a number and controlled/controllable in every aspect.  The family has been divided to not think for the family and to be in awe and obedience to the State.  The end-state is this phrase:

    “I am the State; the State is all.”
    – The words of Quarlo in the episode “Soldier,” (The Outer Limits)

    We are seeing the transformation occur before our eyes.  We are also seeing the “justification” for such control in the form of a rise in various stages of actions labeled either as “civil unrest” or “terrorism” by the governments.  It was just announced on by Gateway Pundit in an article entitled Macron Hopes to Put France in a Permanent State of Emergencyvia a bill that will make it a law of the land.  Hello?

    The United States did that with the NDAA and the EO’s that recertified the continuous succession of “states of emergency,” and added to that by making (labeling under color of law) the whole world a “battlefield” in the “war on terror.”  The UK is “toying” with the idea of imposing Martial Law indefinitely upon Britain in wake of the “terrorist” bombings…the ones that coincided so nicely with Teresa May’s calling for an election…one that backfired on her.
    – 
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June 22, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

If The U.S. Continues To Creep Toward World War 3, Eventually It Is Going To Happen

WW3 is near?

  • If The U.S. Continues To Creep Toward World War 3, Eventually It Is Going To Happen
    by , http://endoftheamericandream.com/
    After a bit of a lull for the past couple of months, the march toward war appears to be accelerating once again. On Monday the U.S. military shot down yet another Syrian aircraft, and it appears that President Trump’s patience with North Korea’s nuclear program may have run out. Unlike our wars in Iraq and Afghanistan, the situations in Syria and North Korea both have the potential of sparking a much wider conflict. If we end up in a war with Syria, it is very likely that we will ultimately be fighting the Russians and the Iranians as well. On the other side of the globe, a war with North Korea could also potentially draw in China. This happened in the first Korean War, and it could easily happen again. It is understandable that the Trump administration wants to be tough with both Syria and North Korea, but we need to be extremely careful about the use of military force because one wrong move could potentially spark World War 3.

    For the last couple of months, the Trump administration has been relying on China to put pressure on North Korea to end their nuclear weapons program. But now it appears that Trump has given up on that. On Monday, he posted the following message on his Twitter account


    While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out. At least I know China tried!

    That certainly sounds quite ominous.

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June 22, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , | Leave a comment

Breaking: Deep State Wants War With Russia To Stop Trump

  • Published on Jun 19, 2017
    The deep state is pushing war with Russia seeing it as their only option to keep Donald Trump from reviving America.

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June 20, 2017 Posted by | GeoPolitics | , , , , , , , | Leave a comment

Insider: Globalists Planning War with Russia To Stop Americana Agenda

  • Published on Jun 19, 2017
    Alex Jones reveals how the globalists are pushing for a war with Russia in an attempt to stop Donald Trump from destroying their master plan.

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June 20, 2017 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

WW3 Fears: Russia SURROUNDED — NATO Starts War Games as Troops Swoop on Putin’s Enclave

Polish troops land with parachutes at the military compound near Torun, central Poland, on June 7, 2016, as part of the NATO Anaconda-16 military exercise

  • Russia SURROUNDED: NATO Starts War Games as Troops Swoop on Putin’s Enclave
    by BELINDA ROBINSON, http://www.express.co.uk/
    RUSSIA was surrounded on all sides by NATO forces yesterday as America and Britain kicked off a summer of war games in Kaliningrad, amid World War III fears.

    Operation Sabre Strike was launched in Russia’s western enclave with US nuclear bombers and Britain’s best aircraft leading the assault. President Vladimir Putin’s Baltic fleet is based in the region and it was reported that the joint UK/US show of strength angered him. Mr Putin’s forces in the region include short range ballistic missiles with a 300-mile reach.

    However, in a show of strength, the US deployed a historic amount of its nuclear bombers – including B-52, B1 and the B-2 stealth aircrafts. Lieutenant General Richard Clark, a US airforce commander said America wanted to show that it was “ready to deter conflict.” The move appears to be a signal from the US that it is ready to muscle in if needed even if it angers the Kremlin.

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June 20, 2017 Posted by | GeoPolitics | , , , , , , , | Leave a comment