Socio-Economics History Blog

Socio-Economics & History Commentary

Here Comes The Move Out Of Cryptocurrency And Into Gold & Gold Stocks

  • Here Comes The Move Out Of Cryptocurrency And Into Gold & Gold Stocks
    Jeff Berwick of the Dollar Vigilante is starting to take profits from cryptocurrency and invest them into the gold sector. Here’s the details…

    Jeff Berwick interviewed on Palisade Radio

    Jeff has been surprised by just how good the crypto space has done this year. He was telling everyone to buy bitcoin back in 2011 and has continued to recommend it. Jeff compares cryptocurrencies to the beginning of the Internet. It feels like we are entering the Internet 3.0 and Wall Street seems to be finally catching on. The bitcoin market is still tiny, and if it ever gets valued anywhere near gold, it will still go up thousands of percent. The entire thing is bizarre and mind-blowing.

    He didn’t expect his bitcoin price target to more than double this year nor did he expect alt-coins to do so well. The space is volatile, and crashes are to be expected, but overall he is still quite bullish.

    It’s tough to tell where we are at but very few people seem to own any bitcoin. Some individuals seem to be piling in, but when you look at valuations, they are still low quite at around 220 billion dollars. This is far less than the valuations for Facebook or Apple.

    Just like most gold bugs he also wants to get rid of central banks and fiat currencies. Cryptocurrencies are exciting as they have the potential to help facilitate that change. If we can turn things around the world will be a much better place.

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November 21, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The Economy Is One Big Scam And This Is Why: Craig Hemke

November 21, 2017 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Timing the Collapse: Ron Paul Says Watch the Petrodollar

  • Timing the Collapse: Ron Paul Says Watch the Petrodollar
    by Nick Giambruno, Senior Editor,
    “The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” (emphasis mine)
    ~ Ron Paul

    What Ron Paul is referring to here is the petrodollar system. It’s one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.

    Paul is essentially saying that, if we want to better understand the answer to the elusive question of “When will the fiat US dollar collapse?“, we have to watch the petrodollar system and the factors affecting it.

    At the recent Casey Research Summit, I had the chance to speak extensively with Dr. Paul on this subject, and he told me that he stands by his assessment. I believe this is critically important, because once the dollar loses this coveted status, the window of opportunity to take preventative action will definitively shut for Americans.

    At that moment, I believe the US government will become sufficiently desperate and implement the destructive measures that governments throughout the world and throughout history have all taken (overt capital controls, wealth confiscations, people controls, price and wage controls, pension nationalizations, etc.)

    But it’s not just the financial implications that need to be considered. The destruction of the dollar is going to wipe out the wealth of a lot people, and that will cause political and social consequences that will likely be worse than the financial consequences. The three points to understand here are:

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

The US/China Deal The Cabal Didn’t Want You To Know About: Harley Schlanger

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

The Central Banks Are Now Preparing For The Financial Crisis

  • X22Report Published on Nov 17, 2017
    After Jamie Dimon slammed bitcoin for being a money laundering tool, JP Morgan has been busted for money laundering. Is online sales pushing the brick and mortar stores over the edge? Wall Street responds to the brick and mortar meltdown, WS creates and ETF that if b&m retail declines you make money. Empty retail space in Manhattan is growing, the rent is outrageous. Another step forward for sound money, Texas opens its gold reserve. The central banks are changing the way they do business and they are preparing for the financial crisis.


November 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Jim Willie: Entire Western System Infected with Satanism. End of Petrodollar

    November 17th:  topics covered include the Global Paradigm Shift of financial insolvency and debt saturation in the West versus the infra-structure development and non-USD platforms in the East, the three global breakdown elements 1) crumbling Petro-Dollar with diverse ramifications, 2) failing banking system propped by QE hyper inflation, 3) development of Eurasian Trade Zone with One Belt One Road as massive diversion from the USDollar Sphere, the retirement of the Petro-Dollar that leads to quickening of events in the financial structures and geopolitical framework, the slipped power of the USMilitary with vulnerable Aegis system, the US/ Western political factions at work with President Trump versus the Fascist NeoCons, the rise of the Dual Universe (USD vs RMB) to be tolerated by the USGovt finally, the return of German trade ventures with Russia, the potential for European Union breakup with focus on Italy and France, the gold price suppression to crash up against the Gold Trade Note.


November 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: Gold Will Explode & Dollar Wiped Out. Mother of All Bubbles Too Big to Pop

  • Peter Schiff: Gold Will Explode & Dollar Wiped Out. Mother of All Bubbles Too Big to Pop
    by Greg Hunter’s 
    Money manager Peter Schiff correctly predicted the financial meltdown in 2008. Now, 10 years later, what does Schiff see today?  Schiff says, “I predicted a lot more than just the stock market going down back then.  I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed.  The real crash I wrote about in my most recent book is still coming. . . . This is the third gigantic bubble that the Fed has inflated, and when this one pops, it’s not going to be ‘the third time is a charm.’  It’s going to be ‘three strikes and you’re out.’  I think this bubble is too big to pop.  I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we can’t kick the can down the road anymore.”

    This time, the crisis is going to hit everyone in the wallet. Schiff goes on to say, “I think the problem we are going to be confronted with is going to be much worse than a financial crisis.  It is going to be a dollar crisis, and it is going to be a sovereign debt crisis where the bonds people are worried about are not some sub-prime mortgages. . . . It’s going to be the U.S. government that people are worried about and the solvency of the U.S. government and the Treasury bonds.  If it’s a dollar crisis and people are worried about the dollar, the only thing worse than owning a dollar today is owning the promise of being paid in dollars in the future.  I don’t think we have the courage to default and admit to our creditors that we don’t have the money and we can’t repay.  I think we will create all the money that we need so we can pretend to repay, but what we end up doing is wiping out the debt with inflation.”

    So, how long can it go on? Schiff says, “How high can the debt go?  I don’t know and you don’t know. . . .How many straws can you put on a camel’s back?  You don’t know until you put that final straw that’s one too many and you break his back.  So, can we go to $25 trillion in debt?  Maybe.  At some point, we are going to break the back of the camel with all this debt.  Then we are going to find out how much debt we can pile on, and it’s not going to be pretty.  Everybody is going to lose.  Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market.  The dollar is going to tank, and purchasing power is going to get wiped out.”

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November 16, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Petro Dollar Is In The Process Of Being Shutdown To Make Way For The New Currency: Bix Weir

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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!

November 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Zero Hour Is Here: Top Analyst Warns Of Global Superstorm

  • The Alex Jones Channel Published on Nov 14, 2017
    Harry Dent Jr. joins Alex Jones live via Skype to break down the decline of the dollar and what a descending American economy would mean domestically and the rest of the world’s finances.


November 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

ALERT: $21 Trillion Missing | Rob Kirby

  • SilverDoctors Published on Nov 13, 2017
    Rob Kirby tells Silver Doctors $21 trillion is missing from mainly the U.S. Department of Defense. Where has this money gone? No one knows. Kirby says this makes a “sham” out of the Federal Reserve’s reporting about monetary aggregates. Also in this interview: – Precious metal-backed cryptocurrencies could end gold and silver price manipulation. – China’s political power will increase as they accumulate more gold. – What could trigger hyperinflation in America? – How do you sleep at night?


November 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Something Nasty this Way Comes | Lynette Zang

  • Reluctant Preppers Published on Nov 9, 2017
    Are you bombarded by daily reports of the stock market hitting record highs, and the Fed promising to stop propping up stocks, real estate, and bonds? Ever wonder if now is finally the time to throw caution to the wind, get off the sidelines, and jump onto the profit wave to reap some those tempting & seemingly unstoppable gains you may have been missing out on? Or maybe you sense it’s almost the end of the party, and are concerned that the skyrocketing debt and teetering banks mean it’s really time to not be the last one to the exits! Lynette Zang, chief Market Analyst at ITM Trading, returns to Reluctant Preppers to lay out the clear and present dangers, based on the government’s own data. Zang spells out a new and striking pattern-shift that may indeed be the early warning signal of the coming collapse.


November 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Saudi Straw That Broke the Petro Dollar’s Back


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

Chinese Yuan-RMB to Threaten Dollar Dominance | Jim Willie (Part 2)

  • SilverDoctors Published on Nov 9, 2017
    The U.S. won’t be able to stop the Chinese Yuan from replacing the Dollar in trade payments the East.

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November 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment


  • Published on Nov 8, 2017
    Dr. Jim Willie tells Silver Doctors it’s just a matter of time before the Dollar vanishes. Willie also discusses cryptocurrencies. Bitcoin isn’t the big winner though. He says asset-backed cryptocurrencies will be the big winners.


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

Petro-Yuan vs. Petro-Dollar

  • Boom Bust Published on Oct 31, 2017
    Oil and energy expert Chris Martenson talks to host Lindsay France as we examine China’s move to create a new petro-currency and take on the petrodollar. Tourism in Mexico is dropping as drug cartels escalates and increases the violence; Bianca Facchinei goes in depth. Want to get rich quick? RT correspondent Alex Mihailovich takes us inside the Chinese property market.

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