Socio-Economics History Blog

Socio-Economics & History Commentary

Basel III & Gold: The Big Picture — Mike Maloney

March 22, 2019 Posted by | Economics | , , | Leave a comment

Setup Complete, Watch Gold, Watch The Central Bank, Watch What Happens Next

  • X22Report Published on Mar 21, 2019
    May tries to get an extension form the EU, the EU wants a meaningful vote on the proposed plan first, the people do want the plan. May might be forced to resign.The Fed decided not to raise rates and keep them steady, this will now allow the pieces of the plan to come together, the manipulation is getting harder, Basel III is coming in to effect, gold prices will stay low and then slowly rise as we approach the end of the year and really start to move in 2020. The market will continually push higher and Trump will make the economy look fantastic statically.

end

March 22, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

BASEL III…… Q&A with Lynette Zang

  • ITM Trading Streamed live 23 hours ago
    Link to the Slides and Sources: https://www.itmtrading.com/blog/basel…
    1. JR: Have you had a chance to review Basel III? Doesn’t this mean that when you go to take money out of your depositor bank, the money won’t be there? Am I right in believing this is absolutely the end game?
    2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming banks hold gold, does this not eliminate the incentive to manipulate the price of gold lower?
    3. Jeff L – BASEL III seems have effect on Gold & this is where much conversation. My question is how will it affect silver.
    4. Typo – debt clock shows ‘paper to gold ratio’ & ‘dollar to gold ratio’. Can you explain the difference? Ultimately I was looking at ratios to see what Basel 3 effect might be on March 31.
    5. Steve P: One of Basill III’s new requirements is that gold becomes a tier 1 asset. On the other side of the reset, how can I use my silver as collateral for a loan rather than cash in my silver?

end

March 22, 2019 Posted by | Economics | , , | Leave a comment

WHAT TO BUY DURING CRASH… Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Mar 19, 2019
    Link to the Slides and Sources: https://www.itmtrading.com/blog/basel…
    Question 1. JR: Have you had a chance to review Basel III? Doesn’t this mean that when you go to take money out of your depositor bank, the money won’t be there? Am I right in believing this is absolutely the end game?
    Question 2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming banks hold gold, does this not eliminate the incentive to manipulate the price of gold lower?
    Question 3. Sayan R: After the global currency reset, would all those small countries whose reserve are mostly US Dollars, be facing inflation or deflation, or both?
    Question 4. K Carpy: Ideas on things to buy during the crash? Land? Homes? What kind of businesses?
    Question 5. Stan P: Are there any risks in putting my money into gold ETF’s instead of physical metals?

end

March 21, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

Andrew Maguire: Central Banks Going Long Gold

  • Andrew Maguire: Central Banks Going Long Gold
    by Greg Hunter’s USAWatchdog.com
    World renowned precious metals expert Andrew Maguire says pay attention to the new rule that goes into effect at the end of March that will allow gold to become fully valued and monetized as a tier 1 asset for banks around the world. Maguire explains, “Basel III is coming into effect in less than two weeks from now, and it will effectively remonetize physical gold. Of course, that is a big deal. While the synthetic players shuffle chips in this siloed CME casino, the insider bullion banks are positioning for higher gold prices. That is it right there. Bottom line is what are the big boys doing?”


    So, is it safe to say central banks and big banks are going long gold? Maguire says, “They’re all going long gold. Why is that? It is because they are already allocating gold for their own house accounts. . . . The minute the global physical markets see unallocated positions are being mark to market at a certain price, the physical market will explode. There will be a gap higher, and the offer to sell physical will rise to a point where someone is actually willing to sell it. . . . I think you are going to see in a few days that it will suit the bullion banks to have a higher price than a lower price. . . . At some point, they are going to want a higher price, and we all know why. There are trillions of dollars of derivatives and unbacked zero value intrinsic assets out there in the market place, and someone has to settle this stuff. It is not going to be settled without a much higher gold price.”

    Maguire goes on to say, “Look at platinum, it’s a vertical rise. What is that? That is a physically driven short squeeze. People look at it and say it must be speculation. It’s not speculation. It was a massive short position just like in silver and just like in gold, but more so in silver. What we are seeing is a relentless drive to cover. We are going to see a similar situation (in gold and silver). What is that price? You are already seeing that with the LBMA projecting $1,530 per ounce in gold for this year. . . . It amazes me that people are not seeing this massive tectonic event. It’s going to be a shock, but I think it is part of a central plan move to revalue gold. It has to.”

    Maguire says watch silver for an extreme spike to the upside. Maguire says, “Silver is going to break out. I think $50 per ounce is a joke. I think it’s going to be substantially higher than that. It’s not going to be a question of how you can run into resistance with silver. It’s going to be how much physical is available. It’s going to be a heck of a lot higher when you start to have a run on the price.”

end

March 21, 2019 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Elite Caught Red-Handed… and Cornered Animals are Dangerous | Rob Kirby

  • Reluctant Preppers Published on Mar 14, 2019
    With governments and central banks around the globe quietly staking out positions to dump US Treasury debt, abandon the US Dollar, transact in other currencies, and bolster precious metals reserves, what do the elite know that is being hidden from us common people? Despite unprecedented rulings to cloak US government financial theft, what impact will the missing $21+ Trillion have on your wages, savings, & retirement, once the heinous facts are fully exposed and obvious to the public? Outspoken proprietary financial analyst Rob Kirby returns to Reluctant Preppers to answer YOUR viewer questions. Kirby further exposes the dark dealings hidden by recent cloaking laws, and proceeds to warn where we will be hit, and what we must do about it now.

end

March 20, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

BASEL III Activates Gold, Gold Will Bring Down The FedRes

  • X22Report Published on Mar 17, 2019
    May’s/EU agreement is not going well. May is now threatening the people, you must go with the deal or the country will stay in limbo for many months or years. Just want the EU wants. Canada’s housing bubble is one of the biggest housing bubbles we have ever seen, it is much larger than the US, and when it pops it is going to come crashing down. The Fed meets this week and their is talk of keeping the rates steady for the rest of the year. Basel III will activate gold, Q has told us that gold will take down the Fed.

end

March 18, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

All The Pieces Of The Puzzle Are Coming Together, It’s Happening: Bix Weir

March 18, 2019 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

RICK RULE: In-Depth Natural Resources Update, Announces Major News!

March 16, 2019 Posted by | Economics | , , , | Leave a comment

CORRUPTION and TREASON: Robert David Steele Exposes The Deep State’s Agenda — Plan to Assassinate Trump?

  • Crush The Street Published on Mar 5, 2019
    TOPICS IN THISI NTERVIEW:

    02:10 Who or what is the Deep State?
    06:10 Saudi Arabia’s IS a nuclear power!
    10:40 A Gold backed Dollar – the urgency for a nationalized FED
    17:10 Corruption and treason at the highest levels
    28:20 Definition of a Debt Jubilee
    34:45 Where to find more of Robert David Steele’s work.

end

March 16, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

THE CENTRAL BANK EXPERIMENT: What’s Next?

  • ITM Trading Streamed live 7 hours ago
    Link to the Slides and Sources: https://www.itmtrading.com/blog/centr…
    The EU may be the weakest link holding the fragile global markets together, because of the current threat by Italian banks extreme exposure to Italian government debt, and contagion to the rest of the EU, should a banking or sovereign debt crisis erupt (a likely event). Not to mention the threat of a derivative event, should Great Britain leave the EU in a “hard” Brexit. Gold is the key bridge to carry wealth from one financial system to the next, having survived as real money for five thousand years. In addition, the size (in terms of fiat) of the financial physical gold market, is larger many global stock and bond markets. Why? Because only gold is real money, everything else is credit, that’s WHY, after all these years, it remains a globally recognized wealth shield.

end

March 14, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Peter Schiff: Pricking Dollar Bubble Will Be the Real Crisis — Record Debt Everywhere

  • Peter Schiff: Pricking Dollar Bubble Will Be the Real Crisis — Record Debt Everywhere
    by Greg Hunter’s USAWatchdog.com
    Money manager Peter Schiff says even though there is “record debt everywhere,” the Fed thinks the economy is fine. Schiff explains, “The actual amount of money the government is borrowing is much larger than what they pretend they are borrowing with the official budget. I think the national debt was up around $1.5 trillion in 2018. . . . It’s probably going to be even greater in 2019. . . . We have the biggest annual trade deficit ever in 2018. We’re going to beat that record in 2019. So, we have the twin deficits going off the charts. None of that worries (Fed Head Jay) Powell. We have record corporate debt, record individual debt, record student debt, auto debt, credit card debt and none of that concerns Powell.  We have record debt for state governments and municipalities. We have underfunded pensions in both the public and private sector. We also have interest rates rising. They have risen quite a bit from a few years ago, and all of that is an added cost on an over-leveraged economy. The reason the Fed did this about face, the reason they are now ‘patient’ and the reason they stopped raising interest rates . . . is all about the United States. . . . It’s all about the enormous debt we have. The Fed inflated a bubble where you had all this debt. It’s impossible to normalize interest rates in this scenario. So, they came up with an excuse to stop, but what the markets still don’t realize is it is not enough. The Fed is ultimately going to go back to 0%. The Fed is not going to shrink its balance sheet. They are going to blow it up bigger than it was before they started to shrink it. There is no way to stop the recession and no way to stop the bear market. They are going to have to go back to the QE, but I don’t think the Fed is going to succeed in blowing a bigger bubble.”


    Schiff goes on to say, “I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. . . . The dollar is going to collapse, and America’s days of living beyond its means is going to come to an end.”

    On gold, Schiff says, “I think this is the calm before the storm. People don’t really perceive it. Maybe it’s like the Wile E. Coyote who has just run off a cliff, and he just hasn’t looked down yet. He doesn’t realize where he’s standing. . . . Gold shorts are going to lose an incredible amount of money. That’s probably one of the most foolish things you can do. There are a lot of great things out there to short. Gold is the last thing you should be shorting. For central banks, gold is the safest reserve asset. It’s the only asset that is not somebody else’s liability. . . . I think the world is going back to gold. . . . $5,000, $10,000 (per ounce) who knows how high it’s going to go. There is no real ceiling on the price of gold because there is no floor to the value of the dollar and other fiat currency. . . . Gold is going to skyrocket.”

    And silver? Schiff says, “Look at last time. Silver went up to $50 per ounce from $3 to $4 an ounce in 2000-2001. Gold went to $1,900 per ounce, but silver went to $50 per ounce. It was a much bigger percentage gain. . . . If I am right about gold going to $5,000 to $10,000 (per ounce), I am sure the percentage gain in silver will be even bigger.”

end

March 14, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar

  • Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar
    by Jim Willie, https://www.gold-eagle.com/
    The gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing gold from the corrupt clutches of the Anglo-American banker organization. They have been willing to destroy the global financial structure and many national economies, in order not just to maintain the political power, but also to continue the privilege of granting themselves $trillion free loans. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. They saw corrupted underwriting, corrupted title database, rigged market pricing, and corrupted demand functions. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK banksters have created the USTreasury bond as the global subprime bond. This is the result of astounding persistent magnificent QE abuse and hidden corruption. The so-called financial stimulus is actually hyper monetary inflation, which has destroyed the bond market.

    PERFECT FINANCIAL STORM
    The perfect financial storm will be three to five times worse than the 2008 financial crisis that engulfed the subprime bond market. The corporate bond market is turning gradually into a $trillion BBB junk bond field and broken bone yard, after years of abused bond issuance devoted to share buybacks and executive options. The malinvestment and self-dealing has been atrocious, with a business impact. It can be stated with accuracy that the entire global bond market is subprime, led by the USTBonds. In the last ten years, absolutely nothing has been fixed, no remedy even attempted, while all the errors, crimes, and reckless monetary policy that created the Lehman fiasco with the Global Financial Crisis, have been repeated on a global scale. The great unfolding crisis will engulf sovereign bonds, national banking systems, and major corporations. For the last ten years, the USD-based money supply has almost tripled. The process created a coiled spring. The gold price is due to triple in compensation. Much lost time will be made up for. It just needs some internal, external, and systemic pushes. The Gold market will never let a crisis go to waste. Financial analyst Rob Kirby has recently identified the great gold supply shortage, and described what comes as a Roman Candle with the gold price shooting up an order of magnitude.


    The unfolding global crisis will expose the USTreasury Bond as toxic, the new subprime bond. It will struggle to maintain the safe haven status, but lose the battle. Gold will assume the safe haven status, along with other undetermined hard assets. Attempts by the Basel bunch of uber-bankers, who have no official authority over the Western central banks, will change the course of banking history. That gold is made a risk-free Tier-1 asset will put forth a direct challenge to the USTBond in banking reserves. The Basel or IMF attempt to make a new gold-backed SDR bond will fall on deaf ears and doubtful eyes. In effect, Basel will become pitted directly against the Wall Street bankers, as great adversaries during the Global RESET. Let us lay out the sequence of powerful factors which come in the lost global currency reserve for the USDollar. It is certain bring about the following powerful events and effects:

    read more.

end

March 13, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

USA’s Monstrous Debt Time Bomb Just Got Bigger…

  • GoldSilver (w/ Mike Maloney) Published on Mar 12, 2019
    Download Mike’s best-selling book for free here: https://pages.goldsilver.com/freebook

    Today brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeat in the House that spends money we don’t have. Perhaps most striking is that we are on pace to shatter the all-time debt-to-GDP record established in 1946 — when the country was in the midst of the life-or-death crisis of World War II — for no other reason than politicians lying to us about what the country can afford. One unrealistic promise after another campaign exaggeration from Democrat and Republican alike, one after the next, has gotten us here. Interest rates are still near historic lows.

    As the US economy begins to slow, the Fed knows that by capitulating to demands to keep the Everything Bubble inflated at all costs, by ceasing interest rate hikes, they’ve left themselves scant few tools to combat the coming recession. So few, in fact, the Fed has already started jawboning negative interest rates as part of our future economic landscape. QE 4, and 5, and 6, and beyond…they’re already all but fait accompli. Because this path has been walked before, and there are no offramps. The Japanification of not just Europe, but the US, is well underway. A society unwilling or unable to elect politicians who conduct themselves in a fiscally responsible manner will be punished by inescapable mathematical reality. Japan knows this quicksand all too well. The US, immersing itself deeper by the day, will come to understand the power of this policy trap it wading into, with eyes wide open, soon enough.

end

March 13, 2019 Posted by | Economics | , , , , , , , , , , , | Leave a comment

China Is TAKING OVER & Gold Is Set To SKYROCKET! (with Lior Gantz)

  • World Alternative Media Published on Mar 10, 2019
    Josh Sigurdson talks with Lior Gantz of Wealth Research Group about multiple issues facing the economy and markets as of recently. First Lior talks about gold and silver and the correlation between the gold/silver ratio and major downturns. He talks about the very real potential that gold as wealth insurance can see a major rally in the near future especially considering historic conditions which may not mimic causation but usually does follow the same trends. Also, considering gold being at all time highs in multiple currencies worldwide, one has to look at the trade deal with China as a major factor at play for the value in US Dollars. Lior then talks about the stock market and when he believes the stock market rally will end as we see one of the biggest ever starts to a year in recent history.

    There are many considerations to be made regarding the potential for a major recession on the horizon and not to mention the job numbers versus future snowballing due to government restrictions in the marketplace. Competition is completely stifled by mass government intervention in the economy and markets under the guise of “helping people”. Meanwhile the so-called help leads to more poverty, debt and massive monopolies. There’s a paradigm in place where people end up going in circles forever. The Hegelian Dialectic if you will. This never-ending circle keeps the system propped up and keeps people dependent. Lior finally goes into the very real possibility that in the next ten years, China will surpass the United States as the world leader as they unveil an incredibly alarming technocratic cashless society with social credit. India is also set to surpass the United States in the near future. What does that mean for the rest of us and what should we do?

end

March 13, 2019 Posted by | Economics | , , , , , , , , , | Leave a comment