Socio-Economics History Blog

Socio-Economics & History Commentary

As The Collapse Accelerates US Govt/Central Bankers Provoke WWIII ! Obama Says That The Economy Is Poised For A Great Year As The Economy Collapses!

  • Published on Feb 18, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.18.2015
    Greece will receive €3 Billion In Emergency Liquidity from the ECB. In the US mortgage apps cratered by 13%.Striking works at the ports will hurt the economy further. The Baltic Dry Index declined once again. FATCA allows the government to hunt down US citizens. Hungary and Russia make gas transit deals. Patriot Act comes up for renewal in June. Ukraine ceasefire still shaky, DPR captures Debaltseve and the Ukraine army surrenders. Yatsenyuk wants Russia to pay for the war. US senators want lethal weapons delivered to Ukraine. Italy playing up the Islamic State in Libya. US Gov/Central Bankers pushing to go into Libya, Yemen, Lebanon, Iraq, Syria and Iran. US Gov allowing Islamic State/Free Syrian Army call for airstrikes.
  • Published on Feb 19, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.19.2015
    Greece give proposal to the Eurogroup and Germany turns it down. Initial jobless claims increase in Texas and continued claims increase. Caterpillar sales plummet, company spiraling downwards. Shipping orders slump as the BDI continues to fall. Google warns of US government ‘hacking any facility’ in the world. Russia and China dumps treasuries. Russia launches their own SWIFT system. Obama says the economy is poised to be great this year. OSCE can’t confirm the pullout of heavy artillery. Ukraine wants peace keepers which has not been discussed in the Minsk agreement. Europe wants to open a dialog with Assad to fight ISIS.

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February 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Andrew Hoffman: Greece Will Default – Calamity Follows!

  • Andrew Hoffman: Greece Will Default-Calamity Follows! 
    by Greg Hunter’s USAWatchdog.com 
    Financial writer Andrew Hoffman says the debt problem in Greece will not have a happy ending. Hoffman contends, “More than half of Greek debt, everyone talks about the 400 billion euros they owe, more than half of this debt is from the bailouts in the last four years. . . . Two years ago, I wrote that Greece was my top pick to catalyze the big one, and here we are in that same position. . . . If there is an agreement, it is only going to be bad for everybody.  It’s going to bad for Europe and bad for Greece.  Of course, if there is no agreement, then there is your end game right there.  They are not just going to leave the euro; they are going to default on their debt.  That is the only way Greece can be saved.  It is the only way Greece can be saved, and it is the same just about everywhere else. . . . I can’t see any deal they could make.”
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    On physical gold and silver, Hoffman points out, “We are seeing record demand around the world.  2013 was a record year.  2014 was a record year, and starting 2015, gold imports in China have been 50% above last year’s levels to start this year.  There is going to be a supply response . . .  just look at the earnings of the gold mining companies; they are decimated. . . . I predicted Armageddon.  I think they are all going to merge, and they are going to cut whatever is left of their businesses to the bone.  There is going to be no supply out there, particularly in silver, and it is all happening at a time when demand is surging.  That’s why it makes the ability of this cartel, the same people that are printing the money, to keep gold and silver prices in check all that more tenuous.”
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    read more!

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February 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Rich Dad Poor Dad Author: Biggest Crash Is Coming!

  • Published on Feb 17, 2015
    Alex Jones talks with best selling Author Robert Kiyosaki about what he thinks the next shoe to drop will be.

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February 18, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: Mushrooming of Chaos, EU in Crisis, US Isolated, Russia-China Ahead …

  • Published on Feb 16, 2015
    INTERVIEW WITH PAUL SANDHU ON WAKE UP & LIVE RADIO

    Feb 16th: important scoop on how Swiss banks are uniformly denying refusing withdrawals of cash accounts by clients whose account sizes are between hundreds of $millions and $4 to $5 billion, with clients coming mostly European and Swiss but also Asian, Latin American, even Russian, some of the accounts drug money, making evident a bankrupt Swiss banking system suffering the aftermath of the SWFranc de-peg three weeks ago… covered Greek debt default and exit from the European Union, with the banker elite showing desperation, extending from the defiant new Greek leadership… covered the developments toward truce in Ukraine according to the Minsk Treaty, with mention of the devastation at the Debaltseva Cauldrin hotspot, which will identify the United States as the rogue bellicose nation, resulting in extreme US isolation… covered the Western US Port stalled dock situation, lockouts versus union strikes, which might have an element of Chinese vengeance to strangle the USEconomy, seen soon in empty retail store shelves… covered the capture of Latin America, country by country, at the hands of Russia & China
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    Feb. 16, 2015 / Dr. Jim Willie offers his deep analysis on major financial and Geopolitical developments. Topics discussed are as follows:
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    · Breaking News on Swiss Bank Failures
    · Greece Debt Default, Exit from Euro and its catastrophic consequences
    · US being isolated as Germany & France swing East
    · China hurting US Economy by disrupting shipping through West Coast Ports
    · Russia and China now biggest players in Latin America
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    Dr. Jim Willie website: http://www.goldenjackass.com

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February 17, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

John Williams: Odds High Hyperinflation Begins in 2015!

  • John Williams: Economy Has Not Recovered! 
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Renowned economist John Williams says forget the happy talk about the so-called “recovery”—it ain’t happening.  Williams contends, “I wish I could say things are booming, but indeed they are not. . . . The GDP in the last three quarters, if you believe what they put out, is the strongest economic growth seen in more than a decade.  That’s not the common experience. . . . The consumer is in terrible liquidity straights. . . . The reality is the economy has not recovered.”

    Williams goes on to say, “In the fourth quarter in November and December, the traditional holiday season was the worst Christmas shopping season since the economic collapse in 2008.  January (2015) is off to an even worse start.  It looks like the first quarter is going to contract before and after adjusted for inflation, and that is very bad news. . . . You got retail sales, industrial production that’s going to be weak, and the housing sales numbers have never recovered . . . Any measure you look at is still well below coming into the recession, and again that’s tied to the consumer’s liquidity.”

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    So, why does America seem to be doing much better than the rest of the world?  Williams explains, “What’s been at work here is the perception that the U.S. economy is recovering, and the Fed doesn’t need to provide any more quantitative easing (money printing).  The dollar has strengthened, and as you see, our major trading partners moved towards quantitative easing because of the recessions they have.  Well, guess what?  We have the same problems as our trading partners.  We are still in recession.  They just do the numbers a little more honestly.  We’re not done with quantitate easing. . .   As it becomes clear that the U.S. economy is still in recession, or a renewed recession, the speculation will come back that the Fed has to renew its quantitative easing or expand it . . . that will hit the dollar very hard.  As the dollar sells off, you are going to find oil prices spiking a new, inflation spiking a new and eventually the rest of the world will dump the dollar.”
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    read more!

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February 17, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | 1 Comment

The End of the Global Debt System Approaches!

Global economic, financial and currency Armageddon coming!

Global economic, financial and currency Armageddon coming!

Boom-Goes-The-Dynamite-Explosion

  • Got physical gold/silver yet?
  • The End of the Global Debt System Approaches! 
    by Phoenix Capital Research 
    The 2008 Crisis was not THE Crisis.
    The 2008 Crisis was largely a banking crisis focused on securities. The REAL Crisis will hit when the bond bubble collapses.
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    The current global monetary system is based on debt. Governments issue sovereign bonds, which a select group of large banks and financial institutions (e.g. Primary Dealers in the US) buy/sell/ and control via auctions.
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    These financial institutions list the bonds on their balance sheets as “assets,” indeed, the senior-most assets that the banks own.

    The banks then issue their own debt-based money via inter-bank loans, mortgages, credit cards, auto loans, and the like into the system. Thus, “money” enters the economy through loans or debt. In this sense, money is not actually capital but legal debt contracts.

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    Because of this, the system is inherently leveraged (uses borrowed money). Consider the following:
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    1)   Total currency (actual cash in the form of bills and coins) in the US financial system is little over $1.2 trillion.
    2)   If you want to include money sitting in short-term accounts and long-term accounts the amount of “Money” in the system is about $10 trillion.
    3)   In contrast, the US bond market is well over $38 trillion.
    4)   If you include derivatives based on these bonds, the financial system is north of $191 trillion.

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    Bear in mind, this is just for the US.  
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    Globally the bond bubble is north of $100 trillion. And this $100 trillion has been used as collateral for a derivative market that is well north of $555 TRILLION.

    Again, debt is money. And at the top of the debt pyramid are sovereign bonds: US Treasuries, German Bunds, Japanese Government Bonds, etc. These are the senior most assets used as collateral for interbank loans and derivative trades. THEY ARE THE CRÈME DE LA CRÈME of our current financial system.

    So, this time around, when the bubble bursts, it won’t simply affect a particular sector or asset class or country… it will affect the entire system.
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    read more!

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February 17, 2015 Posted by | Economics | , , , , , , , , , , , , , , | 1 Comment

Sweden Cuts Rates Below Zero as Global Currency Wars Spread!

Mario_Draghi_hyperinflation_helicopters

  • Negative interest rates destroys savings and is fuel for inflation! Got physical gold/silver yet?
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  • Sweden cuts rates below zero as global currency wars spread! 
    by Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
    Morgan Stanley warns that the world is revisiting the “ghosts of the 1930s” as one country after another tries to steal a march on others by devaluing first.
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    Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars.
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    The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap. The bank presented the move as precautionary step due to rising risks of a “poorer outcome abroad” and the crisis in Greece.
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    Janet Henry from HSBC said the measures are clearly a “beggar-thy neighbour” manoeuvre to weaken the krone, the latest such action in a global currency war that does little to tackle the deeper problem of deficient world demand.
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    The move comes as neighbouring Denmark takes ever more drastic steps to stop a flood of money overwhelming its exchange rate peg to the euro and tightening the deflationary noose.
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    read more!

Super_mario_draghi_going_for_breakfast

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February 16, 2015 Posted by | Economics | , , , , , , , , , , | 1 Comment

Gerald Celente: GAME OVER! The Global Financial System Is DEAD?!

February 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | 1 Comment

Dr Jim Willie: Death of PetroDollar!

  • Dr. Jim Willie Webinar begins at the 49 minutes mark.
  • Published on Feb 12, 2015
    .. covered the Swiss Franc currency situation, the Ukraine War hidden motives, factors surrounding the death of the Petro-Dollar, and several questions from the audience.
    http://goldenjackass.com/

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February 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Gregory Mannarino: Economic WAR Between U.S. & Russia! Prelude to WW3!

  • Published on Feb 12, 2015
    IN THIS INTERVIEW:

    - New proof of economic collapse ►0:19
    - The stock market to rise or crash? ►4:01
    - Is the Federal Reserve signally economic collapse ►5:38
    - Economic war between U.S. and Russia ►6:56
    - WWIII lies ahead ►11:18
    - How to get others awake ►13:00
    - How to prepare ►14:13 

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February 13, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Central Banks Buy The Second Most Gold In 50 Years: A Look At Who’s Buying!

2014-Significant_Central_Bank_Gold_Purchases

  • Central Banks Buy The Second Most Gold In 50 Years: A Look At Who’s Buying! 
    by Tyler Durden, http://www.zerohedge.com
    In 2014, the price of gold, expressed in US Dollars, went absolutely nowhere (even if its increase in RUB – not to mention many other rapidly devaluing currencies – was a stark surge of 83%). The reason: for the second year in a row, concentrated selling of “paper” gold which saw some 159 tonnes of outflows from gold-backed ETFs, primarily in the US. This however, is a substantial slowdown from the 880 tonnes of gold ETF outflows in 2013, selling which started in earnest when the price of gold peaked just shy of $2000 on September 6, 2011… the day the SNB instituted its now failed currency control attempt to set a 1.20 EURCHF floor.

    Furthermore, ever since the SNB’s stunning defeat in the currency wars one months ago (as noted above, the price of gold peaked hours before the SNB instituted its now defunct EURCHF floor in September 2011, and the result was an epic selling of gold-backed ETFs), sentiment expressed via paper gold has turned “tentatively positive” in the words of the World Gold Council, and so far in 2015, ETFs have seen inflows of around 60 tonnes, the vast majority (over 90%) of which has been into US-based funds.

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    read more!

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February 13, 2015 Posted by | Economics | , , , , , , | 1 Comment

Peter Schiff: Growing Problems Leading to US Dollar Crisis!

  • Peter Schiff: Growing Problems Leading to US Dollar Crisis! 
    by Greg Hunter’s USAWatchdog.com
    Money manager Peter Schiff says forget about the Greece debt questions; the problems in the U.S. are far worse.  Schiff contends, “I am even more concerned with the problems with the dollar.  The dollar is benefiting right now because most people are just concerned about the euro.  So, the dollar gets stronger because people sell euros and buy dollars, but they are missing the bigger picture.  We have even more advanced problems with our currency than they have in Europe with the euro.”
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    Schiff goes on to enumerate the financial problems the U.S. faces such as, “The degree of debt we have, the degree we are dependent on artificially low interest rates which are obviously unsustainable and the massive trade deficits we have chronically year after year.  Last month, we announced the biggest monthly trade deficit in our history.  These are growing problems that are ultimately going to lead to a U.S. dollar crisis.  Right now, people are confident in the dollar because they believe the Fed can raise interest rates, and we can actually afford to pay the higher rates–which we can’t.  We can’t do it.  If the Fed raises rates, we will have a financial crisis.  We would have no ability to service our debt if we had to pay a market rate of interest, but our creditors haven’t figured this out yet. . . .The real problems in Greece started when interest rates rose.  Greece had a lot of debt before rates went up. . . . They couldn’t repay the principal, but they could pay the interest.  They could at least pretend by paying the interest.  Well, that’s all the United States does.  We have no hope of repaying the principal.” 
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    read more!

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February 12, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

How Fast Would Contagion Spread If Greece Exits The Eurozone?

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

Boom-Goes-The-Dynamite-Explosion

  • How Fast Would Contagion Spread If Greece Exits The Eurozone? 
    by Tyler Durden, http://www.zerohedge.com
    Perhaps the most curious aspect of this, third, Greece “”exit crisis, is just how completely unnoticed it has gone by the capital “markets”, or rather non-Greek capital markets. Which, considering the changed dynamics of the negotiations, was to be expected. As explained again earlier, this time around it is imperative on the central planning regime to keep stocks and bonds as stable as possible heading into tomorrow’s negotiations with Greece, because should global risk not bat an eyelid, it will mean that Greek leverage is non-existent as the “market” (which courtesy of central banks no longer really exists) does not anticipate any contagion, and is why the S&P has actually been surging in the past week.
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    There are two problems with this, as UBS laid out yesterday: 1) (lack of) risk no longer reflecting reality doesn’t make sense and 2) “Breaking the deadlock” in negotiations voluntarily may not be easy, “hence, outside pressure—in the form of financial and market dislocations—seems necessary to focus minds.”
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    However, as we noted yesterday, point 2 is only relevant for Europe: Syriza, and largely Greece, no longer cares what the stock market does: only the Eurozone does (and as long as the ECB is there to backstop it in any case, the European “market” isn’t going anywhere). If anything, the only concern of the Greeks is what happens to bank deposits, although by this point anyone who would have pulled their money from the bank already has.
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    Which means that once again, thanks to central bank intervention, the discounting process is broken, and has been skewed to reach a specific political outcome. However, in the worst case scenario – one in which Greece does exit the Eurozone – it will simply mean that the moment of reality has been at best postponed. And the moment when the can kicking ends and reality can no longer be avoided is the millisecond after Greece announces it has quit the Eurozone.
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    What happens then is why UBS has dedicated an entire section to the contagion risk which is now being thoroughly masked by central bank intervention, and which will only emerge, and with a vengeance,  if the worst case does indeed transpire. Needless to say, when it emerges it will be fast.
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    read more!

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February 11, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Is Russia Preparing to Move to the Gold Standard?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • The short answer is: YES! And not just Russia but the entire BRICS alliance of something like 140+ nations. The Return to the Gold standard via a Global Currency Reset (GCR) was supposed to be implemented by Feb 2014. But the United States refused to comply even though it had agreed earlier. So instead of a GCR, America threatened war via the conflict in Ukraine, according to Dr Jim Willie. It appears this month (Feb 2015), the BRICS alliance will implement their GCR “forcefully” whether America agrees to it or not. Watch China during the Chinese New Year period (19 Feb onwards) – Dr. Jim Willie.
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  • Is Russia Preparing to Move to the Gold Standard? 
    by http://sputniknews.com/ 
    An article by Mises Institute contributor Marcia Christoff-Kurapovna believes that now is the ideal time for Russia to introduce a gold-backed ruble.

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    Mises Institute contributor Marcia Christoff-Kurapovna believes that Russia may be in the process of planning for the introduction of a gold-based currency, and would be better off for it.
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    “Though a far-fetched idea at first glance, many factors suggest that remonetization in gold may be a logical next step for Moscow,” Christoff-Kurapovna notes in an analytical article published Friday on the libertarian think tank’s website.
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    The columnist notes that several factors may play into the decision, including Russia’s recent partial detachment from Western economic and financial structures, sanctions, the ruble’s devaluation and economic decline.
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    She further explains that even before the sharpening of relations between Russia and the West, economists close to Vladimir Putin have for years “been expressing [Russia’s] unwillingness to remain at the monetary mercy of the US and its NATO allies,” among them Sergei Glazyev, economic advisor to the president, and political ally to Deputy Premier Dmitri Rogozin.
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    read more!

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February 10, 2015 Posted by | Economics | , , , , , | Leave a comment

Economic Meltdown 2015 Is Imminent: Are You Prepared?

Global economic, financial and currency collapse fast approaching!

Global economic, financial and currency collapse fast approaching!

  • Economic Meltdown 2015 Is Imminent: Are You Prepared? 
    by , http://www.thecommonsenseshow.com/ 
    The world is on the verge of a global economic meltdown. What does that mean? The simple answer is that it will not be long until every modern country is consumed by hyperinflation resulting in the crash of most of the paper currencies on the planet. This will result in an economic shutdown. Starvation will become commonplace. Unrestrained violence will occur and eventually the world will slip into World War III.

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    I literally have at my finger tips two dozen economic indicators which demonstrates that total and global economic collapse is at hand. In the interest of brevity, I will only highlight two of these indicators and if these were the only indicators, an economic collapse would still be in our collective futures.
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    The Baltic Dry Index
    The  Baltic Dry Index (BDI) is absolutely the best measure of  global economic health. The BDI is used by economists as a leading global economic indicator because it predicts future economic activity. The BDI, uses the U.S. dollar as a benchmark and measures the global supply and the corresponding demand for commodity shipments among bulk carriers. Commodities, in the form of raw materials like grains, lumber, coal and precious metals form the backbone of the BDI. Over time, the BDI is the best indicator of global economic health because, unlike the futures market, the BDI does not engage in speculation as it provide near real time data on what and what is being shipped. The determinations made by the BDI are such an accurate indicator of economic activity because businesses don’t book freighters when they have no cargo to move. In short, the BDI is the world’s financial blood pressure measure. The BDI is said to be one day away from reaching its all-time low. Ultimately, what the BDI tells economists is that we are headed for a depression that will make 1929 look like a picnic. The BDI has fallen on 43 of the past 47 days.
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    read more!

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February 10, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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