Socio-Economics History Blog

Socio-Economics & History Commentary

The Fed And The Government Clash On Policy, This Won’t End Well: Lior Gantz

March 8, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: Trade Wars and Tax Cuts

  • ITM Trading Streamed live 3 hours ago
    Slides and Links:…
    The stock market roller coaster continues into March. In January cash repatriation and corporate tax cuts sent the stock markets to all time highs. So Why is the Stock Market Roiling Now? The threat of tariffs. Wall Street and globalists lost an important White House voice in Gary Cohn, (Chief Economic Advisor and Director of the National Economic Council) a former Gold Sachs executive and investment banker who specialized in debt. Wall Street was not happy to lose this connection. Let the Trade Wars Begin If the US puts on tariffs, the most likely outcome would be a global trade war because everyone is fighting the deflation brought on by globalization. What About Gold? The smart money has recognized an undervalued situation in gold. We see that a cup formation (accumulation pattern) is building. This may well be the last opportunity to convert fiat money into honest money at these severely undervalued levels. I’m taking advantage of it, so are the central bankers. Shouldn’t you?


March 8, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Imminent Collapse of US Dollar & Other Major Currencies Will Push Gold to $10,000 – Bullion Analyst

Remember the Golden Rule: “He who has the gold Rules!”

  • Imminent Collapse of US Dollar & Other Major Currencies Will Push Gold to $10,000 – Bullion Analyst
    An ounce of gold will cost $10,000 as soon as global currencies crash and central banks have to appeal to a gold-backed monetary system, according to Byron King, editor of Jim Rickards’ Gold Speculator.

    “If you take the global money supply, back it with 40 percent gold, you need $10,000 gold to make the math work, and that’s just using a 40 percent backing,” he said in an interview with Kitco News on the sidelines of the annual event set by Prospectors & Developers Association of Canada (PDAC). “And it has to do with the eventual demise of modern currencies.”

    The analyst didn’t specify the timeframe for the gold price surge from the current $1,325 per ounce, but stressed that it would have to happen, as the current cash bubble, consisting of dozens of trillions in USD, cannot exist forever.

    “It’s kind of like a story about the man who went bankrupt, slowly at first and then all of a sudden. It’s the same thing with the US dollar, with the euro, with the yen. We’ve created trillions and trillions, dozens of trillions, almost hundreds of trillions of dollars, of obligations that simply can never be repaid. It will have to happen,”
     the analyst said.

    King noted that gold stocks at current valuations are rather more attractive at the moment than they were two years ago. The expert also said that today’s miners are backed by “better numbers” and “smarter geologists.”

    read more.


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

Jamie Carrasco: A Monetary Shift is Underway that will Kill the Dollar

  • Palisade Radio Published on Mar 3, 2018
    Jamie has a financial background in Canada as a credit analyst; this gives him a good understanding of the credit cycle and economics. He likes looking at the finances of the world from a geopolitical perspective. He says, “The Chinese use two symbols for danger, one signifies danger and the other can indicate wealth. We are on the cusp of some massive changes and the birth of a new system.” The petrodollar is the glue of the current monetary system which goes back to 1971 when the dollar was unpegged from gold.

    There was a massive destabilization period that followed this change. The petrodollar is based on getting OPEC and the Saudis to price oil in dollars. It pegged the monetary system into a credit cycle which has built from that point forward. The world needed dollars, so they started to buy U.S. debt. China and other nations are increasingly moving away from the dollar. They are creating their own systems such as the Petro-Yuan.

    This credit cycle will become unwound as various countries stop using petrodollar debt. In essence, the mechanics of the change are already in place. At some point soon they will lose control of the interest rate cycle. Central banks have control the overnight rate, but the buyers ultimately control the longer-term bonds. Once power is lost there will be a rapid compounding effect of stagflation. The bottom line will be higher costs of living and there will be a transfer of assets to hard assets like commodities.

    Central banks are manipulating every market and inflation is showing up in the stock market. If gold was keeping up it should be much higher. As interest rates rise all markets will be forced to find their true value. He thinks that blockchain technology is a most disruptive invention which will adversely affect the financial industry.


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

It’s Not A “Conspiracy Theory”: Here’s How Central Banks Actively Suppress The Price Of Gold

  • It’s Not A “Conspiracy Theory”: Here’s How Central Banks Actively Suppress The Price Of Gold
    by Tyler Durden,
    Alhambra Investment Partners CIO Jeffrey Snider returned to Erik Townsend’s MacroVoices podcast this week to discuss one of his favorite topics: How central banks’ use gold lending to manipulate their balance sheets, and also to manipulate the broader market for precious metals by sheer dint of their size, and willingness to buy and sell without any consideration for the price.

    Their conversation begins with Snider explaining the history of “gold swaps” between central banks that helped birth the concept of fractional reserve lending.

    The first “gold swap” conducted between the Federal Reserve and the Bank of England: The Fed handed the BOE $200 million in bullion through the New York Fed; in exchange, the BOE gave the Fed a “gold receivables” in the same amount. This is essentially an IOU that could (in theory, at least) be cashed in for gold, but allowed the Fed to keep the gold deep in its vaults. As Townsend explains, the gold is being taken out of the accounting for the balance sheet, but it’s not being removed from the accounting.

    read more.

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

The Satanic capstone on your dollar bill ie. the Anti-Christ, the bringer of false peace, the white horseman of Revelation 6. The Luciferian New World Order will be complete with the arrival of the Satanic capstone, the Man of Sin who will conquer the world with ‘peace’ in a world wrecked by global wars. Revelation 6!


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

Top Silver Expert Predicts $500 Silver

  • Published on Mar 4, 2018
    Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver. Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver. As for the short term, Morgan sees gold and silver moving higher within the next few months. Silver backed cryptocurrency mentioned in the interview:


March 5, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

The Big Event Is On The Horizon Which Will Change The Country: Jim Willie

March 5, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The BIS Has Been Preparing for a Debt Jubilee and Gold Price Revaluation for Decades

Click on image to play interview MP3 file.

  • The BIS Has Been Preparing for a Debt Jubilee and Gold Price Revaluation for Decades
    by Turd Ferguson,
    Our old friend, The Golden Jackass, reached out last week and suggested that he had some information and analysis that couldn’t wait for the next, three-day weekend podcast. Thus this special audio for your weekend listening pleasure.

    So what did Jim want to discuss? Primarily the fracturing global bond and equity markets and how the BIS has been preparing for a “debt jubilee” and gold price revaluation for decades.

    I’ve learned that whenever The Jackass has a lot on his mind, it’s best to just sit back and let him pontificate with as few interruptions as possible…and that’s what we tried to do here. So, sit back and take it all in. There’s a lot of information in these 57 minutes and it will require your full consideration.


March 5, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Banks, Debt, Gold and the Global Financial Reset. Q&A with Eric Griffin and Lynette Zang


March 1, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

David Morgan: Silver Returning To Monetary System?

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

Jim Willie: Global Financial Reset, Debt Jubilee, Gold Revaluation, Gold-Oil Ratio ….

  • ROGUE MONEY Streamed live on Feb 25, 2018
    Jim delivers a nearly 2 hour deep dive of his February Hat Trick Letter where he maps out the central banks move to gold as the massive holds of debt is not sustainable. Jim explains BIS Chairman Zijlstra announcement expecting to see gold prices rise in order to put the gold oil ratio back in order.


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

Russia Overtakes China in Gold Reserves Race to End US Dollar Dominance

  • Russia Overtakes China in Gold Reserves Race to End US Dollar Dominance
    The Central Bank of Russia (CBR) boosted its holdings of gold by almost 20 metric tons last month, with reserves reaching 1,857 tons. It has increased its holdings every month since March 2015.

    Russia is now among the top five gold holders after surpassing China, which reportedly holds 1,843 tons. Over the last 15 years, Moscow and Beijing have been aggressively accumulating gold reserves to cut their dependence on the US dollar.

    “Interestingly, both Russia and China publicize and promote their accumulations of gold and publicly refer to gold as a strategic monetary asset. They make no secret of this. But on the flipside, the US does the opposite, and constantly downplays the strategic role of gold,”
    Singapore’s BullionStar precious metals expert Ronan Manly told RT in December.

    The US claims to be the largest holder of gold with 8,134 tons, but according to Manly, that number is impossible to verify.

    “The entire story around the US gold reserves is opaque and secretive. There has never been a full independent audit of the US gold reserves, and the custodians of the gold, the US Mint and the Federal Reserve of New York, will not let anybody into the vaults to view the gold or to count it,”
     Manly told RT.

    read more.


February 26, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Gerald Celente: I am Betting On a Weaker Dollar in 2018

  • Gerald Celente: I am Betting On a Weaker Dollar in 2018
    by Greg Hunter’s (Early Sunday Release)
    Top trends forecaster Gerald Celente predicted a 10% correction in the stock market for 2018. It already happened.  What are his updated predictions for the rest of the year?  Celente says, “What brought the markets down was the fear of interest rates going up.  Now, as you mentioned, we had forecast a 10% correction.  Here’s our forecast now.  We believe the Trump rally is near its peak.  It may go up more, and here is why it will.  Trump is allowing companies to bring back money from overseas.  All that dough they have stashed over there that they haven’t been paying taxes on, they’re going to bring it back and get a great tax break. . . . George Bush did that back in 2003 and 2004.  Do you know where the money went?  96% went into stock buybacks, not capital improvements.  Again, Trump gave them a 21% tax rate from the 35% rate, and that money, we believe, won’t go into capital improvements because when you look at S&P 500 earnings, they are doing really great.  They are expected to have a 19% increase this year.”

    So, is Celente expecting another 10% correction in the stock market? Celente says, “Possible, yes.  The possible why is a black swan event and, in particular, war.  Do you see what is going on in the Middle East? . . . One of my sayings, and it goes for any country anytime and in any place, when all else fails, they take you to war.  They are ratcheting up war in the Middle East with Saudi Arabia and other countries against Iran. . . . If there is a war against Iran . . . If there is war in the Middle East, you will see oil prices spike to above $100 per barrel.  If that happens–bam, not only the U.S. equity markets, but you will see the global equity markets go into bear territory. . . .The markets are overvalued, the price/earnings (PE) ratios are in the 26 range, and 14 is usually the average.  They are near historic highs by many measurements.”

    Celente also points out another big headwind for the markets. Celente says, “Rising interest rates.  Look at the numbers that came out last week on housing.  Boom!  Mortgage applications down, and purchases down on all different levels.  Interest rates are going up.”

    Celente likes gold but predicts nothing is going to happen until “it hits $1,450 per ounce and stabilizes around that price.” Celente also predicts, “The United States wants a weaker dollar so we can increase our exports. . .  I am betting on a weaker dollar.”


February 26, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Debt Default is Inevitable | Michael Pento

  • SilverDoctors Published on Feb 23, 2018
    “Debt levels have reached a point where they have to be defaulted upon,” Michael Pento of Pento Portfolio Strategies tells Silver Doctors. The rate of the 10-year Treasury is at a four year high nearing three percent. Pento forecasts it will rise to four percent, which will be a “floor rather than a ceiling.” If the rate rises to four percent, people will have lost about 25 percent from a “risk free” asset since July 2016. The top is in for the stock market, Pento says. As rates continue to rise, look out for a bankruptcies, layoffs, and a stock crash.


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

US Dollar Domino Collapse: New Evidence | Rob Kirby

  • Reluctant Preppers Published on Feb 23, 2018
    Widely followed proprietary analyst Rob Kirby sounds the alarm that the facts can no longer be denied that MAJOR FINANCIAL PLAYERS ARE ABANDONING THE US DOLLAR. Kirby names specific examples to prove that the drumbeat of new hard evidence is accelerating, as we are rapidly approaching the point of no return. Kirby further blazes through hot topics ranging from the real root causes behind mass tragedies, to insanity preventing North American oil independence, and whether gold/silver/cryptos are the key to bring a peaceful end to the non-stop wars that have been forced upon us!


February 24, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment