Socio-Economics History Blog

Socio-Economics & History Commentary

Bill Holter: World Facing Very, Very Dangerous Time. Entering Perfect Storm of Every Facet of our Lives

  • Bill Holter: World Facing Very, Very Dangerous Time. Entering Perfect Storm of Every Facet of our Lives
    by Greg Hunter’s USAWatchdog.com
    Financial writer Bill Holter warns the world faces multiple problems, not just one. Holter explains, “We are entering a perfect storm of every facet of our lives.  This is not just financial.  This is social, and it has to do with the breakdown of the rule of law.  In the U.S. and globally, you can look at this as a breakdown of morals.  Society is breaking down.  You’ve got false economic numbers supported by the press that’s telling the people that all is well.  You are seeing, for lack of a better term, revolt all over the world.  Brexit was a revolt.  Donald Trump running for President is a revolt.  You are seeing people get truly pissed off because they know something is wrong, and it’s a worldwide phenomenon.”


    So, is the world headed for a “Mad Max” future? Holter says, “I think the chances are better than a coin flip that we have societal breakdown.  If you are asking should you hold cash, my opinion is yeah, you should have some cash and very little bank balances because that is going to go away.  You are going to have to have some physical cash, which will actually . . . after the system shuts down, become more valuable.  The dollar will purchase more real goods for several weeks simply because if all the banks are closed and nobody has cash, then cash is scarce.  That will work up until, all of a sudden, the light switch gets flipped and people understand that cash has no real value.  People are not going to trade real eggs or real tomatoes for dollars.  They will say I want something real for something real.  That’s where your dollar collapses.”

    A possible trigger comes in late September, according to Holter. Holter contends, “There is an IMF meeting.  I believe you are going to see the Yuan become a fully functioning part of the SDR (IMF currency).  That’s a big step backward for the dollar. . . . Whatever portion the Yuan takes, whatever slice of the pie the yuan takes, the other currencies lose.  I think predominantly it will come from the dollar.”

    read more.

end

August 11, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

There Is Financial Crisis Coming That Will Make 2008 A Walk In The Park: John Rubino

Global_financial_crisis

end

August 10, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

X22: Chaos, Crashes & Massive Gold Rally & A New Money System Coming

  • Published on Aug 8, 2016
    New Energy Source is the Oil of the 21st Century. Learn More: 

    http://CrushTheStreet.com/Charge 

    One of the most popular compilers of economic data and the coming crash prediction is back on. He’s Dave from X22 Report and this time around we discuss the macro arguments for gold’s coming rise, the dollar’s crash and overall economic chaos with inflationary and deflationary problems in the US and abroad. Get more from Dave: http://X22Report.com 

    TOPICS IN THIS INTERVIEW: 
    01:35 Inflation v Deflation: Gold/Silver & Credit Bubble 
    03:30 Empty Store Shelves Coming 
    06:00 Both Inflationary or Deflationary Shock for Prices in US 
    08:00 Future World Monetary System & Death of US Dollar 
    08:40 $100 US Bill Interesting Apperance with Gold on Right 
    11:55 How will the Dollar Lose Value over the Next Few Years 
    15:40 US Dollar vs Gold which is Real Money 
    19:50 2016 Election & the Stock Market: Crash or Rally? 
    22:50 Massive Gold Rally & Real Estate Crash 
    25:00 Closing Thoughts & Get more from X22 Report 
http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

end

August 9, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

China Sucking Up The World’s Gold Ahead of Global Economic Implosion

August 9, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

John Williams: World Class Crash Coming No Matter What

  • John Williams: World Class Crash Coming No Matter What
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release) 
    Economist John Williams says don’t believe the hype about the U.S. economy being good—it’s not. Williams explains, “I love America, but we are in a deepening recession.  The economy collapsed into 2009 . . . we never really recovered from that.  We had a few bounces higher, but generally, we went into low level stagnation, and now it’s turning down again.  We just had a revision to the benchmark GDP (1.2%) and the numbers are nonsense.  The numbers are a lot weaker than they appear. There’s no question we are in a recession.”

    President Obama keeps telling the public that the economy is great. Williams, who computes economic data without accounting gimmicks that make things look better than reality, says, “If that were the case, Donald Trump would not be the Republican nominee.  The voters are telling you we’ve got a problem here, and they sense it.  The average guy in Main Street USA knows what’s going on.  That’s what’s giving you such an unusual election year.  You cannot discount that.  Main Street USA knows a lot better than the bureaucrats in Washington when you are in an election year, and people might want to play with the numbers a little bit.”

    Williams says don’t expect the government to start a new round of money printing before the election. Williams explains, “Let me put it this way.  At such time it happens, and I believe it will, you will see heavy selling against the dollar which will tend to hurt stocks.  When you get massive selling against the dollar, you are going to start spiking inflation. . . . So, the dollar weakens and gasoline prices go higher.  That’s been the biggest variable in the headline inflation numbers since the panic of 2008.  You see gasoline prices rising again, and you’ve got an inflation problem again.  That will start all sorts of issues.”

    read more.

end

August 8, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Ahead: COMEX GOLD DEFAULT | Jim Willie

  • Published on Aug 7, 2016
    IN THIS INTERVIEW: 

    – Switzerland exported a record amount of gold to the US in May ►1:22 Source: https://goo.gl/SsdMvS 
    – A clarification of Sharia law could mean that the 1.6 billion Muslims in the world would be able to purchase gold ►5:37 Source: https://goo.gl/WQBzqa 
    – Tokyo Commodities Exchange, along with the Shanghai Gold Exchange, is now trading physical gold. How will this impact the ability of the powers that be to manipulate the price of gold with paper gold contracts? ►7:19 Source: http://goo.gl/lMIQvO 

    Viewer Questions: 
    – How much gold does China have? ►13:04 
    – Why will people not fall for another fiat currency? ►20:37 
    – What is the minimum amount of silver I should own in order to weather the coming economic storm? ►23:46 
    – Should I take physical possession of of precious metal mining shares? ►26:10 

end

August 8, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: Banker Bunker Mentality. BIG NEW DEVELOPMENT ON GLOBAL FRONT!

US_Economic_Collapse

  • Dr. Jim Willie: Banker Bunker Mentality
    by Jim Willie CB, http://www.GoldenJackass.com  
    … BIG NEW DEVELOPMENT ON GLOBAL FRONT
    THE CHINESE FINANCE OFFICIALS AND THE BASEL-BASED BANK FOR INTERNATIONAL SETTLEMENTS ARE NEGOTIATING A GLOBAL REFORM OF ALL BILATERAL CONTRACTS. THEY STRIVE TO ALTER USDOLLAR-BASED CONTRACTS, AND CHANGE THE CONTRACT TERMS TO GOLD SETTLEMENT. THEY ARE WORKING ON A GLOBAL CONTRACT AT THE $5000 GOLD PRICE IN CONTRACT CONVERSION. CHINA REPRESENTS EASTERN INTERESTS, WHILE BASEL REPRESENTS WESTERN INTERESTS. It is not yet clear what will happen to commodity price mechanisms. 


    If and when the global contract reform is completed, all bilateral contracts will be shifted into Gold settlement, no longer USD settlement. The result will be the USGovt is then made free to launch a domestic-only new USDollar, called disrespectfully the New Scheiss Dollar by the Jacksass for the last two years. It will resemble a Third World currency, and be subjected to a sequence of devaluations. A $500 billion trade deficit will require several years to overcome. If reduced by 50% in five or six years, it will be a miracle. The $1 trillion federal deficit has a different solution in mind. The USGovt plans to commandeer pension funds, forcing investment in the Special USTreasury Bond. It will not be a confiscation, but rather forced conversion with all the disadvantages of currency devaluation that come.

    read more.

end

August 8, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Interview With Elijah Johnson at Finance & Liberty

  • Uploaded on Aug 5, 2016
    IN THIS INTERVIEW:

    – Switzerland exported a record amount of gold to the US in May ►1:16 Source: https://goo.gl/SsdMvS
    – A clarification of Sharia law could mean that the 1.6 billion Muslims in the world would be able to purchase gold ►5:37 Source: https://goo.gl/WQBzqa
    – Tokyo Commodities Exchange, along with the Shanghai Gold Exchange, is now trading physical gold. How will this impact the ability of the powers that be to manipulate the price of gold with paper gold contracts? ►7:19 Source: http://goo.gl/lMIQvO

    Viewer Questions:
    – How much gold does China have? ►13:04
    – Why will people not fall for another fiat currency? ►20:37
    – What is the minimum amount of silver I should own in order to weather the coming economic storm? ►23:46
    – Should I take physical possession of of precious metal mining shares? ►26:10
    – What are the odds of any western country to either ban the sale of gold or silver, attempt to confiscate gold or silver, or apply an onerous tax to the sale of one or both of the metals? ►30:08
    – Platinum and palladium vs. gold and silver ►33:03
    – What will be the future purchasing power of silver and gold? ►39:22
    – What percent of my silver investments should be in junk silver? ►42:08
    – Where is the best place to live when the collapse occurs? ►43:27
    – When the imports fail over the dollar collapse, how bad will the oil/gas crisis be? ►52:18
    – Will the power grids fail? ►55:51
    – If NIRP comes to America, will it trigger bank runs? ►57:33
    – How will the Chinese banks be affected by the reset? ►1:00:01
    – Will Canada be in the same devaluation boat as the USA? ►1:03:20
    – Will there be a market after this crash? ►1:09:58
    – Will it be possible to use gold/silver to escape the country after the dollar collapse?
    – The Turkish economy ►1:13:42
    – Will the US Dollar lose its world reserve currency status after the Chinese Yuan becomes part of the SDR currency basket? ►1:17:33
    – Will the US ruling elite maintain their power? ►1:22:57
    – Will Germany ever be allowed to become a member of a Eurasian trade zone? ►1:29:14
    – How are the political betrayal and the attacks on civil liberty going to play out in Germany within the next months? ► 1:38:49
    – When the mega, corrupt banks get those billion dollar fines, where does that money really go? Who is the beneficiary? ►1:40:09
    – Is there any protection in a credit union? ►1:41:39
    – Could you explain what Commitment of Traders and Open Interest are? ►1:46:40 

end

August 6, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: The Fundamentals Are Imploding

  • Published on Jul 27, 2016 
    Gerald Celente, popular guest is back to discuss the further progression on war propaganda and market crashes. He states that the richest 62 people have more wealth than the entire world.

    Checkout Gerald’s new Site for Peace: http://OccupyPeace.US
    & The Trends Journal: http://TrendsResearch.com

    TOPICS IN THIS INTERVIEW:
    02:20 28 Pages Implicating Saudi Arabia in 9/11
    05:40 Turkey fake coup, more on Middle East Destabilization
    08:40 World Standard of Living Dropping, Elite 0.1% Enriched
    09:45 Stock Market Propped up from Collapse Years Ago
    14:40 How will US Economy Collapse & Next QE Scam
    16:40 Potential World War 3 to Prevent Huge Collapse

end

August 6, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Reckoning: “A Banking Crisis Is About To Sweep The Globe”

  • The Reckoning: “A Banking Crisis Is About To Sweep The Globe”
    by Mac Slavo, SHTFplan.com  
    Greg Mannarino of TradersChoice.net, who has previously warned that when the next debt bubble pops millions upon millions of people will die in the fallout, says the reckoning for financial markets is coming… and soon:

    I don’t know what else you need to see… A lot of people [are asking], “where’s the collapse? where’s the crisis” 

    It’s happening all over the world… Social unrest, strife, a banking crisis that has no where to go but worse… The chickens are coming home to freaking roost.

    You need to take action. It’s that simple.
    Are world central banks going to continue to try and keep this market up? Absolutely that’s what they’re going to do, especially because it’s an election cycle in the United States… no doubt about it… but that does not mean things are not crumbling around us. 

    The evidence is overwhelming…

    I have no doubt that a banking crisis is about to sweep the globe… We are now existing in economic and financial fantasy land and this has inflated bubbles of magnitudes which are so absolutely distorted and twisted, there’s going to be a moment of reckoning.

    Mannarino says that Americans should be taking money out of their financial institutions and allocating some of that capital into monetary metals. With the price of gold well below its 2011 highs, now may be a good time to move into this historical safe haven of last resort as a way to protect against the collapse of the economy, financial markets and global monetary system.

end

August 5, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

WikiLeak Exposes The Spectrum Of Clinton’s Corruption

  • Published on Aug 3, 2016
    David Knight examines the fallout from the wiki leaks dump exposing the currency controls of Libya’s gold to Debbie Wasserman-Schultz appointment.

end

August 4, 2016 Posted by | GeoPolitics | , , , , , , , , , | Leave a comment

China’s New Silk Road To Make A Big Move In Gold

New_Silk_Road-A_faster_route_for_trade

China_gold2

  • China’s New Silk Road To Make A Big Move In Gold
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/  
    … China’s Nicaraguan Canal is just a small piece of a much larger strategy of building strategic infrastructure to bypass U.S. control. The focal point of this strategy is a project called the “New Silk Road.” And if China has its way, the New Silk Road will help China dethrone the U.S. as the dominant world power.

    The New Silk Road is the biggest story you’re not hearing about. The U.S. media has barely made a peep about it. Maybe because it’s just too big and complex to fit into soundbites… 

    The World’s Most Ambitious Infrastructure Project
    For over a thousand years, the ancient Silk Road was the world’s most important land route. It was a main trade route for lucrative Chinese silk. At 4,000 miles long, it passed through a chain of empires and civilizations and connected China to Europe. Merchant Marco Polo traveled to the Orient on this path.


    Today, China’s New Silk Road will include high-speed rail lines, modern highways, fiber optic cables, energy pipelines, seaports, and airports. It will link the Atlantic shores of Europe with the Pacific shores of Asia. It’s history’s biggest infrastructure project.

    The plan is still in the early stages, but important pieces are already falling into place. Late last year, a train carrying containerized goods left Yiwu, China. It arrived in Madrid, Spain, 21 days later. It was the first shipment across Eurasia on the Yiwu-Madrid route, which is now the longest train route in the world. It’s one of the first components of the New Silk Road.

    In short, the New Silk Road is all about building alternatives to U.S. power. Part of that, of course, is displacing the U.S. dollar, the world’s premier currency. So it should be no surprise that China’s New Silk Road project is about to make its first big move in the gold market.

    read more.

end

August 4, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Rob Kirby: The Gold Cupboards are Bare & New Silver Buyers Forcing the Endgame

  • Published on Jul 29, 2016
    ALERT: America is importing gold from Switzerland for the first time in decades. Rob Kirby of Kirby Analytics sounds the alarm: Jim Sinclair just blew the whistle that the amount of Gold imported into the US in May 2016 mirrors almost to the ounce the gold demanded for physical delivery on COMEX. Shocking “coincidence” or inconvenient fact exposing that the gold shelves are bare? Kirby drills in deeper to bring us to the conclusion that we are close to a catastrophic economic collapse, and gives the evidence he sees as clear writing on the wall. Don’t miss it!

end

August 4, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

European Banking System Collapsing Now! Next up, Sovereign Bonds?

financial-crisis-clock-word-background

  • European Banking System Collapsing Now! Next up, Sovereign Bonds?
    by , http://www.milesfranklin.com/
    Unequivocally, the rubber is hitting the road NOW!  So much so, I believe “last to go” markets are in danger of being overwhelmed by the chaotically scrambling, Keystone Kop-like, terminally cancerous “powers that be.”  And by “last to go,” I don’t just mean the gold and silver markets, which are being swamped by exploding physical demand, collapsing production, vanishing inventories, and history’s most violently PM-bullish political, economic, and monetary environment.  No, I mean everything else; including hideously overvalued stock markets – which cumulatively, will either crash into oblivion, or hyper-inflate Zimbabwe style; with the result, in either case, being the biggest real losses of all time.  To that end, kudos to Gordon Long, who in this article, opened my eyes to the massive head and shoulders top formation in global stock markets, which is breaking down as we speak; ominously, led by financials.  Which is exactly why he – and I – anticipate Central banks are about to go “all in” on hyperinflation.


    To that end, today’s Japanese fiscal stimulus announcement (following last week’s Bank of Japan pronouncement that it is doubling its stock market purchases); this morning’s Royal Bank of Australia rate cut; and next week’s imminent Bank of England rate cut and QE announcement; are just the tip of what will be history’s biggest monetary iceberg.  Just under the surface – where as you know, the majority of icebergs lie – the Federal Reserve is lying in wait, praying it can avoid re-joining the overt QE ranks before the election.  But irrespective of the timing, I assure you they will retake the mantle of lunatic, overt money printing and asset monetization from the ECB and BOJ before long.  And when they do, there’s no telling if 2008-style crash or Weimar-like hyperinflation will win the day.  Which, in either case, will yield a massive crash in the dollar’s value against real money, irrespective of how it performs  against other collapsing fiat toilet paper.

    read more.

end

August 3, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Dollar Will Be Removed From Int’l Trade, Which Will Send Shock Waves Throughout The US

  • INTERVIEW WITH DAVE ON X22 REPORT
    by http://goldenjackass.com/main5.html  

    August 2nd:  topics covered are the numerous sides to the systemic breakdown in progress, the role of QE (USFed hyper monetary inflation) to prevent bank failures from lack of liquidity, the several sites of broken banking systems like in Italy and Germany, the potential triggers for bank failure contagion, the grotesque insolvency of the global financial system, the transition toward a gold-backed currency (and various scenarios of gold provision), the risk to any New Dollar from the $500 billion annual trade deficit, and much more, with explanation of the deception regarding the war on terrorism and how narcotic factors into the bank support.

end

August 3, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Follow

Get every new post delivered to your Inbox.

Join 1,165 other followers