Socio-Economics History Blog

Socio-Economics & History Commentary

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

Your Gold in Vaults? Confiscations, Mattress Money, 2021 and more… Q&A with Lynette and Eric

  • ITM Trading Streamed live 5 hours ago
    Questions: https://www.itmtrading.com/blog/gold-…
    Question 1. Mike M: I have approx. 1/3 of my gold stored in a vault in Singapore. What would happen to that if there is an overt confiscation?
    Question 2. Rene W: To get protection against bail-in would it be wise to remove let say $10,000.00 or more from your bank account and stuff it under the mattress?
    Question 3. Awake1percent: What happens to social security and other entitlements AFTER the reset? Will people start getting their government checks in whatever the new currency is? Do you think these programs could just cease?
    Question 4. Annette S: When being used for barter, can you get the same amount of goods for a one-ounce silver round that you could get with a one ounce silver eagle? If so, why would someone pay the extra premium for the eagle?
    Question 5. Craig J: why is it that when countries by tons of gold and big gold guys that buy gold by the tonnage for their clients, why doesn’t the price rise dramatically?
    Question 6. Robert J: Lastest Video: does this mean your advice going from variable rate to fixed rate and then having nine months to pay off your mortgage is no longer applicable because they can change it anyway?
    Question 7. H Zilla: I am still confused by the 100% consent requirement for certain changes to be implemented in 2021. Wouldn’t this be a good thing for mortgage, school and car loan holders in keeping the new rates from being raised for the benefit of the IMF?

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

Catherine Austin Fitts: Enormous Level of Ignorance & Lawlessness in America

  • Catherine Austin Fitts: Enormous Level of Ignorance & Lawlessness in America
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts warns that the “financial rape of America” is nothing more than “re-engineering” the debt based economy. This “rape” is happening from earth to space, and it connects to $21 trillion in “missing money” that has disappeared from the federal budget since the late 1990’s.  Fitts explains, “I started to look at where all this missing money from the federal government is going, and it led me into space.  There are lots of questions.  In the last few years, the commitment by the American government, the European government and the Asian governments have become much more overt.  There is also the commitment from the private sector. . . .It’s becoming much more feasible to do manufacturing, mining and other things in space. . . . You see a lot of the corporate world lining up to do this. . . . I think that is very exciting.  At the same time, if you look at the sub-orbital platform and the orbital platform around earth is being used for control . . . and a lot of it comes down to control, control of what is going on in the planet.”

    The “rape of America” is happening with the pension funds, according to Fitts. Fitts is worried about the value of the U.S. dollar.  Fitts says, “I have never been worried about the U.S. dollar, and we have argued a lot about this, but I am now starting to get very concerned. . . . The biggest buyers of U.S. Treasuries are U.S. pensions.  Basically, the U.S. pensions are buying trillions of dollars of U.S. Treasuries, and the money goes into the government, and then the money goes out the back door.  In the meantime, the taxpayers, including those pension beneficiaries, are on the hook for those Treasuries.  So, you are giving away real money, and all you are getting is a liability. . . .So, the federal government literally becomes a laundry mechanism. . . . Now, I am seeing multiple efforts, disinformation efforts, fear porn and hope porn all pushing that it would be a good idea to dissolve the U.S. government and auction off the assets, which is the “rape of Russia” plan right here in America.  Privatization is when I transfer an asset out of government at market price.  Pirate-tization is when I transfer it out at 10 cents on the dollar.  A lot of the plans I am hearing are proposing just that. . . . Are they going to do a radical re-engineering in a way that is bad for the taxpayers?  I am seeing lots of ideas floated about partial defaults and dissolving the U.S. government and paying the debt back by auctioning all the assets.  It’s pretty scary. . . . In Russia, you had significant depopulation happen because of this.”

    read more.

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April 23, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Biggest Event in a Generation | Jim Willie on Metals & Markets

  • SilverDoctors Published on Apr 20, 2018
    Jim Willie tells Elijah Johnson and James Anderson the launch of the gold and oil Yuan contracts is the most important financial event in a generation. The Chinese want their own place in global finance. No longer does the dollar have a monopoly on oil. “This is the end time for the Dollar’s dominance.” China is moving away from the U.S. not solely by leaving the Dollar, but also through the trade conflict. Willie predicts China will demand the Saudi’s sell oil in RMB terms. This will be a “knife in the heart of the Petrodollar.”

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April 21, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

RIGGING THE RATES; Libor, the Scandal That You Forgot

  • ITM Trading Streamed live 4 hours ago
    The first earning season after the tax changes is upon us. Earnings have not disappointed with many corporations posting the expected 20% earning surge YOY. But Insider selling more than doubled this past week. $370 Trillion in fiat money contracts are tied to LIBOR, which is set to die in 2021. The problem is all the contracts tied to that rate that come due AFTER 2021 and LIBOR is on the rise. Looking at the charts, Spot silver sits right on the upper trend line in a wedge formation. We may know today, if there was a breakout above the trend line. Spot gold continues to form a second cup formation inside the current long-term trend. Remember, a cup formation indicates that smart money is quietly building their position. Are you with the smart money?
http://www.forbes.com/sites/timworstall/2016/05/24/this-libor-case-is-important-it-could-bankrupt-the-worlds-16-biggest-banks/#141c97f81bfe

Click on image for article.

http://www.businessweek.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says

Click on image for article.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The US Is Being Prepared For An Economic Collapse Transition

  • X22Report Published on Apr 18, 2018
    Another dump was made in Bitcoin, this time it was 50 million worth of digital currency, this drop came one day after the third largest bicoin wallet unloaded 50 million. Trump opposes the TPP, looked at it and it will not fit into the new trade system that he is creating. IMF sounds the alarm on the global debt, if it continues this way the system will break apart. The yield curve continues to collapse. Certain shadow powers are using China to fund operations and sell secrets which manipulates the US currency. The Fed sees the writing on the wall, the tariffs will force them to raise interest rates which will push inflation.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Worldwide Debt Default | Michael Pento

  • SilverDoctors Published on Apr 19, 2018
    The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors. He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming. The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

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

COLLAPSE PROTECTION: Ounces of Gold Needed. Canada and More. Q&A with Eric and Lynette

  • ITM Trading Streamed live on Apr 17, 2018
    Questions: https://www.itmtrading.com/blog/colla…
    Question 1. Brett S: How many ounces do you all think you need to be safe on the other side of this collapse?
    Question 2. Lynda G: does your advice apply to Canadians… meaning not leaving much in bank accounts and investing in gold and silver?
    Question 3. Michal S: Bail Ins, I know for sure this will affect checking and saving accounts, but … are business accounts safe?
    Question 4. John: should I borrow money on a low fixed rate loan to buy metals?
    Question 5. Jessy J: Which is more probable–a “cashless” system for transactions, or a revaluation with physical currency of larger denominations (the India tactic)?

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse

  • “They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse
    by Mac Slavo, April 15th, 2018, SHTFplan.com 
    The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, and it’s going to be brutal. Big banks and governments know what’s coming and they are preparing for this eventuality by stockpiling huge amounts of “real money” ahead of the crisis.

    According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver. The answer to why they’re doing it is simple, as Neumeyer highlights in a recent interview with SGT Report:

    The verdict is still out on whether we’re going into a dis-inflationary or inflationary environment… gold can do well in both environments… the fact of the matter is governments are printing extraordinary amounts of fiat currencies and that is not going to change…

    The stage is set for higher gold prices due to the amount of money being printed… I am of the belief a major reset is coming where the governments of the world will need to get rid of their debt by fixing everything to the price of gold… and that’s why governments like China and Russia and other governments around the world are accumulating gold… it’s because they know what’s going to happen over the next several years…

    read more.

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April 17, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Bill Holter: Syria So Very Very Dangerous

  • Bill Holter: Syria So Very Very Dangerous
    by Greg Hunter’s USAWatchdog.com  
    Financial writer and gold expert Bill Holter says China has a lot of weapons to fight a trade war with the U.S. China could stop buying Treasury bonds (as it reportedly already has done).  It could sell Treasury bonds.  It could slash the value of the Yuan, or something much simpler could happen such as a failed delivery of physical precious metals.  Holter says, “If what has happened so far in the first three months of the year were to continue for the full year, you would be over three billion ounces (of silver).  That is not deliverable.”What happen when the world figures out that three billion ounces of physical silver cannot and will not be delivered to the buyers? Holter explains, “That’s called an old fashion run on the banks.  It will be a run on the entire system.  You would have a run on every metals exchange, and you would probably have runs on many physical commodities.  Confidence throughout the whole system would break.  You would basically show the western fractional reserve system is a fraud and has been for many, many years. . . . Can London deliver a billion ounces, or two billion ounces or three billion ounces of silver?  The answer to that is no.”


    So, when does this all blow up? Holter says, “I think this whole thing has a very good chance of blowing this year.”

    There are a variety of financial trip wires, according to Bill Holter, such as thousands of sealed criminal indictments that will be unsealed in 2018. Holter also points out the explosion of global debt.  Holter charges, “It’s now $237 trillion.  The amount of debt grew by $21 trillion globally over the last 12 months. That’s roughly 10 %.  How much did global GDP grow?   2% or 3%, I mean that is totally unsustainable.”

    The biggest worry for Holter right now is escalating military action in Syria. Holter warns, “This is so, so dangerous.  Obviously, you worry about a hot war because with the weapons you have today, you could have WWIII start in a heartbeat.  But look at the market today.  It’s up 400 or 500 points.  You have talk of trade wars.  You have talk of hot wars.  It amazing the markets can hold together and ignore potential annihilation.”

    In closing, Holter says, “This is math logic and common sense. This is no longer opinion.  You could go back to 2006 and 2007, and it could be argued it was opinion at that point.  It’s no longer opinion.  It’s pure math.  The system is unsustainable.  We’re headed for a train wreck.  Do I absolutely know it’s going to be this year?  No, I don’t know that, but you can see the events are piling up so quickly it certainly looks like it’s going to come to a crescendo very soon.”

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April 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“We Understand The Chinese Government Has Halted Purchases Of US Treasuries”: SGH

  • “We Understand The Chinese Government Has Halted Purchases Of US Treasuries”: SGH
    by Tyler Durden, https://www.zerohedge.com/
    On Friday, we reported that among the five “nuclear” options available to Beijing to retaliate against Trump’s latest $100BN in proposed import tariffs, was the choice whether to sell US Treasuries. But what if Beijing did not want to unleash a full-blown market nuke, and instead was hoping for a targeted, EMP hit?

    Then it would simply stop buying US paper, instead of dumping it outright; in the process it wouldn’t hurt the US too much – avoiding a furious tit-for-tat response – but would still send a clear signal to the White House, whose fiscal spending plan will more than double net Treasury issuance this year from under $500BN to over $1 trillion, and which needs every possible marginal buyer of US paper, both domestic and foreign.

    Which is precisely what a new report by SGH Macro Advisors claims. According to the consultancy, a long-time favorite of macro hedge funds, Beijing has twice threatened deliberately targeted tit-for-tat punitive measures against the US to date: “first, in response to the Trump Administration’s threat of steel and aluminum tariffs, and second, in response to broader measures aimed at $50 billion of products that lie directly at the heart of Chinese technology transfers, intellectual property violations, and strategic, “Made in China 2025” plan.

    But even as US cabinet officials lined up yesterday to calm jittery equity markets, SGH says in a note released over the weekend that “China had already signaled an aggressive and potentially more ominous escalation in the developing trade wars to the White House“:

    read more.

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

Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …

  • Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …
    by http://goldenjackass.com/main5.html
    April 8th:  topics covered include the global rebellion against the USDollar for its monopoly in trade payment as well as bank reserves, the non-USD platforms in global finance, the dead OPEC cartel, the new Russian Rosneft Oil Consortium (based not in USD), the direct backfire with failure in every single USGovt foreign policy since 2001, the bank heist at the World Trade Center, the trade war with China which began in 2005, the sequence of events since 1999 with China on the Hong Kong regional conversion with USGovt gold lease reneged upon followed by massive dumping for Fannie Mae bonds which resulted in the Lehman failure and Chinese confiscation of the JPMorgan HQ property with mixed USFed monetary policy like Operation Twist, the absent gold reserves for the USGovt all stolen by Bush & Clinton & Rubin, the non-starter of a gold-backed new USDollar which requires US re-industrialization, the wise strategy to sell stocks & bonds followed by buying Gold & Silver coins & bars (as in sell high, buy low), the fast growth in the Belt & Oil Initiative based in $8 trillion of projects all outside the USDollar, the vengeance in trade tariffs where the US corporations lose out on canceled large deals, ending with international disgust for the USGovt uncontrollable debt and improper trade deficit funded by printed USDollars

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April 10, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

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

April 9, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

China Mentions The ‘Nuclear Option’ We Could Dump Treasuries

  • X22Report Published on Apr 5, 2018
    India bans bitcoin wallets and trading cryptocurrencies. Venezuela is doing the opposite, they want to pay for goods using their cryptocurrency. The US has the largest trade deficit since the financial crisis. Trump pushes trade wars with China, tries to get other countries involved. China says they might use the nuclear option, sell treasury bonds. This is what Trump is pushing for, the dumping of Treasuries to put the central bank in a bind to show they are purchasing them all.

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