Socio-Economics History Blog

Socio-Economics & History Commentary

John Rubino: Elite Terrified of 1930’s Depression or Weimar Hyperinflation

  • John Rubino: Elite Terrified of 1930’s Depression or Weimar Hyperinflation
    by Greg Hunter’s USAWatchdog.com 
    Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion. That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for. If a private sector company had finances like that, they would be insolvent, and their accountants would force them to say that.”You can tell the same story for cities, states and countries around the world swimming in unrepayable debt. So, what will be done when bond defaults and financial failures begin? Will Trump let it go like the failed debt of Puerto Rico or have massive bailouts? Rubino says, “It’s possible that Trump will teach that lesson to the system, but I think the numbers are so big now the risk of a 1930’s style depression, or a Weimar Germany hyperinflation, is so great these guys are going to be terrified of anything that seems to be destabilizing. The pressure on whoever is in charge of the central bank or federal government is going to be to try to nip crises in the bud before they can really get going when you don’t know what is going to happen. For instance, New York City goes bankrupt, and that pulls down Chicago, and then that pulls down California. What does that mean? Nobody knows, and nobody wants to find out.”


    Rubino contends massive bailouts will explode in the next economic downturn, and they will have grave consequences for interest rates and the U.S. dollar. Rubino says, “They would say, hey, here’s $5 trillion to bail out states and localities across the country. People will see that and will worry about what that means for the value of the dollar. So, they sell dollars, and not just here, but all around the world. The dollar starts to fall, and interest rates start to go up. If the dollar is tanking, who wants to lend money to the federal government that is going to be paid back in a depreciating currency? So, our interest rates go up. That causes our interest costs to go through the roof and forces the government to borrow even more. . . . At some point, the whole thing blows up. There is a number out there when all this will happen. . . . So, the question is what is that number, and when do we hit it? . . . . The concept of fiat currencies will be called into question when all this happens. The dollar might lead this down or some other fiat currency might lead it down. . . .At some point, they will realize all the fiat currencies are basically in the same boat. . . . We can’t know the timing of this, but we can know what will do well when this happens, and that is gold and silver.”

end

November 15, 2018 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

It’s Fraud & Theft, The Central Banks Get Special Set Of Laws To Steal Our Wealth: Mike Maloney

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

http://www.wnd.com/2008/03/59405/

Click on image for article.

November 12, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Is This Beginning Of The End Of The Central Bank Currency System

  • X22Report Published on Nov 9, 2018
    UK retail apocalypse deepens, US retail follows, the retail industry is imploding. UMich sentiment is declining, people are starting to realize that the economy is not what it seems. The Federal Reserve is on track to raise the rates come this Dec, in 2019 they will be raising multiple times. Saudi Arabia is now thinking about getting rid of OPEC. Is this beginning of the end of the petrodollar.

end

November 10, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

US Neo-Nazis Linked to Azov Battalion

  • RT America Published on Nov 7, 2018
    Federal prosecutors say that the founder of the Rise Above Movement, a violent white supremacist gang in the US, traveled to Europe to celebrate Hitler’s birthday where he met with a Ukrainian paramilitary chief. RT America’s Rachel Blevins has the story.

Nazi symbols on helmets worn by members of Ukraine’s Azov battalion. (As filmed by a Norwegian film crew and shown on German TV)

Image: Nazi emblems of the Azov brigade of the Ukraine National Guard which operates under the auspices of the Ministry of Interior

end

November 8, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

ALERT!! JP Morgan BUSTED for Rigging Silver Market!! (Bix Weir)

  • RoadtoRoota Published on Nov 6, 2018
    VINDICATION!!! I wonder if JPM’s Jamie Dimon and Blythe Masters will GO TO JAIL for this? I think this is a great test for the Trump Administration as well as the CFTC to see if they believe in the RULE OF LAW…WHERE’S CHRIS GIANCARLO?!

end

November 7, 2018 Posted by | Economics | , , , , , | Leave a comment

The Countdown To The Plan Has Begun, Phase II Coming Up

  • X22Report Published on Nov 6, 2018
    The entire plan is going into Phase II, right after the midterm elections everything will change, the push to remove the central bank will go into overdrive and the President will call out the Fed at every decision they make. Job openings tumble, there are still a million more job openings that unemployed workers, if you believe the government stats. The entire housing market is imploding, the cost of owning a home is impossible, with rates moving up and wages going nowhere it is a recipe for disaster.

end

November 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

Nomi Prins Talks Central Banks & Rigged Markets on the Great Reset Opportunity Report

  • Neptune Global Published on Nov 5, 2018
    Author and former Wall Street insider Nomi Prins discusses the role of central banks in the rigging and manipulation of global markets on the Great Reset Opportunity Report.

https://www.amazon.com/Collusion-Central-Bankers-Rigged-World/dp/1568585624

http://www.wnd.com/2008/03/59405/

Click on image for article.

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

end

November 6, 2018 Posted by | Economics | , , , , , | Leave a comment

It Has Already Begun, We Knew This Day Would Come: Bill Ottman

October 31, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Stripping The Central Banks Power Is Easier Than You Think

  • X22Report Published on Oct 29, 2018
    The Congressional budget office already knows that this debt cannot be sustained. The entire economic system is about to implode and at this time it is time to get rid of the cause of the problem. The Federal Reserve Act can be canceled by the President or congress. At the right time when the President shows the American people how corrupt the Fed is this will be the time to strike, timing is everything.

end

October 30, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Central Banks Are Frightened Right Now Of 1929 Narrative Shift: Bob Kudla

October 27, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Robert David Steele & Dustin Nemos on Khashoggi, Midterms, FedRes, Trump, Q & More!

October 27, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

YOUR EARLY WARNING: Escalated Risk Transfer

  • ITM Trading Streamed live 4 hours ago
    Link to Slides and Sources: https://www.itmtrading.com/blog/risk-…
    In the current debt-based system, credit provides market liquidity. As long as governments, corporations and individuals can service a growing mountain of debt, today’s economies “appear” to thrive. That what makes inflation so important and deflation to be fought. But global economic growth is expected to decline and the weight of all this debt is now dependent on the public. YIKES!

end

October 25, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Did Trump Just Lay Out The Plan To Get Rid Of The FedRes?

  • X22Report Published on Oct 24, 2018
    Cars sales have imploded, dealerships are seeing a drop in traffic and its getting worse. New home sales implode and it doesn’t look good for real estate. The economy is deteriorating very rapidly and we are seeing a deterioration in all sectors. The statistical numbers do not tell the whole story if we go back in time we saw the same number and the economy was in a recession. Trump continues with his attacks on the Fed, this is part of the plan and the push to shape the narrative. Trump actually came out and said that the Fed is wrecking the economy.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

end

October 25, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

PAPER USD USELESS: Fiat $ystem Being Replaced? Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live 6 hours ago
    Link to Slides and Sources: https://www.itmtrading.com/blog/paper…
    Question 1. Neil C: Can you explain what has to happen for the Plunge Protection Team finally to be unable to prop up the stock market as I believe they have time after time?
    Question 2. Kyle S: Most people will flock to precious mining stocks, so they should prosper in a correction or crash. I own gold mining stocks and last week’s correction resulted in my mining companies to perform very well. Should I not be holding gold mining stocks?
    Question 3. Susan S: When will the paper USD be useless on the local level and should be in trade able currency like the new money or metals?
    Question 4. Milo: there is lots of talk about the Fiat system being replaced, collapsing etc etc. If that happens, the reset, as it’s called, what would happen to forex as a whole? Will it be gone?

end

October 24, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

‘No to Economy Based on Killing People’: Hundreds Take Part in Pacifist March on Pentagon

  • RT Published on Oct 21, 2018
    Hundreds of people held a march on the Pentagon to protest against US military actions overseas. The march was organised by a coalition of activists from Answer Coalition, Code Pink, Veterans for Peace, and others.

US ‘defence’ (war really) budget.

War, I mean ‘defense’ budget is the biggest component.

end

October 23, 2018 Posted by | GeoPolitics | , , , , , , | Leave a comment