Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Gold & Silver Backed Currencies, Dollar Collapse …

  • INTERVIEW WITH BIT-SHARE GROUP
    by http://goldenjackass.com/main5.html  
    May 21st: covers the Gold Trade structures (central banks, corporate, retail), the Intl Monetary Fund with Chinese RMB currency acceptance and inclusion, the introduction of Gold & Silver backed currencies within the BRICS Alliance framework, some background of the IMF control elements with loan grants, the construction of the new Gold platforms that replace those USD-based, the impossible coexistence between paper money with Gold money, the credibility of conspiracy theories (a few cited), the Greek situation with open door to Russia & China for asset grabs, the building of new banking infrastructure, official surveillance threat to liberty and currency, goals of fair trade with legitimate banking, the great risk to the Average American with life savings, the great risk for United States falling into Third World, the many sources for hope personally, all through the discussion to bring in the angles with crypto-currency …

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May 22, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bo Polny: A Gold & Silver Spike Before June 21, 2015

space-shuttle-gold1

  • Bo Polny: A Gold & Silver Spike Before June 21, 2015
    by http://www.silverdoctors.com/  
    Are Gold and Silver set to SPIKE before summer? A 15-minute must listen for all Gold and Silver investors.
    ….
    The slide from March 19 & 24, 2015 states three points: 


    1. Gold
    & Silver Bull Market Breakouts starting now (end of March 2015) and before summer!

    2. US Dollar top arrived March 16, 2015, continued weakness into end of April with a ‘breathtaking’ CRASH before summer!
    3. Devastating World Stock Market CRASH starting in 2015 & ending in 2016!

    read more.

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May 22, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

Alasdair Macleod: The Coming Panic Into Physical Gold And Silver

  • Alasdair Macleod: The Coming Panic Into Physical Gold And Silver
    by http://www.silverdoctors.com/  
    Many of us are now predicting another round of QE, quite possibly before the leaves are finished falling off the trees this fall around the country.

    The one thing the Fed really is frightened of is contracting bank credit.  And this idea of collateral liquidation leading to more selling of collateral by the banks to cover loans is sort of self-feeding into nasty collapse if you like in asset prices.

    Now that’s not going to happen because they are going to print money to insure it doesn’t happen.

    We are very very close to that sort of tipping point and I think that people who have 
    an understanding of this are not going to hang around and wait for the Fed to print money. They are going to go quite quickly against the dollar…

    Anybody who doesn’t own physical silver or gold could miss out.  I think there’s a big change coming.

    Submitted by Fund Manager Dave Kranzler, Investment Research Dynamics:

    The strategic reasons for are now about to change in the next six months. Anybody who doesn’t own physical silver or gold could miss out. I think there’s a big change coming on.  – Alasdair Macleod,Shadow of Truth

    The Shadow of Truth interviewed Alasdair Macleod to get his take on the economic reports which show an economic contraction in the U.S., the recent move higher in precious metals prices and his thoughts on what China’s next move is with respect to their obvious hoarding of physical gold.


    read more.

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May 21, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: Extreme Reduction in Standard of Living Guaranteed. China Gold Could Cause Tsunami of Dollars in US.

  • Rob Kirby: China Gold Could Cause Tsunami of Dollars in US
    by Greg Hunter’s USAWatchdog.com 
    Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton.  Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West.  Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit.  I think that time is fast approaching, if it is not here already.”  Kirby also says, “I think the implied message is we are going to show you how much we have, and then you are going to have to show us how much you have. . . . America, very likely doesn’t have, in my view, doesn’t have the gold they claim to have.  They also probably spent a lot of other people’s gold in safe keeping.”


    What would happen to the U.S. dollar if China revealed a vast holding of physical gold?  Kirby contends, “If this would destabilize the dollar enough . . . it could cause a sudden drop in the U.S. dollar, which could signal a tsunami of dollars coming back to America and could set off a very, very ugly, ugly bout of inflation, which could build into a hyperinflation in America.  This would bring social unrest in America.  This is the social unrest the U.S. military and the Pentagon have been saying is inevitable and is coming to America.  This is exactly the kind of backdrop you would expect to have before this would occur.”

    Kirby points out, “The problem is our global capital markets have become criminal cesspools.  Our global capital markets right now are crime scenes.  The regulatory regime installed by the leadership of America to prevent this all from happening has been vacant.  They are derelict, and they are part of the problem.  It starts with the repeal of the Glass Steagall Act back in the late 1990’s.  You got to look back to see the context of where this train left the tracks.  This is not a derailment.  The derailment occurred a long time ago.  Right now, the engine of the train is in the middle of a corn field, and it’s still moving.”

    read more.

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May 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bo Polny: It’s All Down from Here, Except Gold and Silver

Click on image to download MP3 interview.

Click on image to download MP3 interview.

  • Bo Polny: It’s All Down from Here, Except Gold and Silver
    by Financial Survival Network  
    Bo Polny joined us today for an update on major markets. He’s calling for a major sell-off on the dollar and treasuries. He also sees a major sell-off on world stock markets as well. It’s going to occur before summer and this will lead to a major increase in gold and silver prices. He believes that you need to be long gold and silver and short the dollar and bonds. Will he be right this time, we’ll know shortly.

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May 20, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

This October The World Will Change: “China Is Preparing For Something Big”

“China… across the board… is preparing for something big in currency markets.”

  • This October The World Will Change: “China Is Preparing For Something Big”
    by Mac Slavo, May 18th, 2015, SHTFplan.com  
    This October may see the beginning of the end for the U.S. dollar as the world’s reserve currency. Twice every decade the International Monetary Fund meets to discuss their Special Drawing Rights (SDR) currency basket. Currently comprised of the dollar, Japanese Yen, British Pound and Euro, if China has their way a few months from now, we may well see the Chinese Yuan take its place among the world’s most trusted currencies.

    U.S. Treasury Secretary Jack Lew says, “China isn’t ready for currency reserve status,” and would certainly like to see the Chinese blocked from entry, preserving the dollar’s status as the world’s go-to currency and primary mechanism of exchange for global international trade.

    But while Lew and his predecessors have presided over the largest growth in national debt in world history, the Chinese have been strategically positioning, much like the United States did in the early 1900’s, to not just become the world’s largest economy, but to be the super power of the 21st century.

    Forget for a moment what’s being touted by analysts, forecasters, politicians, and financial officials who say China is not ready. Focus instead on the actions being undertaken by China and you’ll understand why Chinese President Hu Jintao says that the dollar is a product of the past.

    read more.

RMB_world_currency_billboard

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May 20, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

John Rubino: When Cash Is Outlawed The Banksters Have Won

Click on image to download MP3 interview.

Click on image to download MP3 interview.

  • John Rubino: When Cash Is Outlawed The Banksters Have Won
    by Financial Survival Network
    John Rubino joins us for his latest weekly installment. 

    Once cash is outlawed the government will be in complete control of your financial decisions, or so they think. When they want you to spend more, they turn up the pressure to spend and when inflation starts heating up they’ll turn it down. However, man is very ingenious and will come up with a way to beat the bankster, guaranteed! Whether it’s with gold and silver or with gift cards the law of unintended consequences will prevail.
http://www.thenewamerican.com/tech/item/18184-will-microchip-implants-in-humans-become-mandatory

Click on image for article.

http://futurepredictions.com/2011/06/future-predictions-all-humans-to-have-microchip-rfid-implants-by-2017/

Click on image for article.

http://www.dailymail.co.uk/sciencetech/article-2128034/New-microchip-pinpoint-users-location-CENTIMETRE-floor-building-standing-on.html

Click on image for article.

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May 20, 2015 Posted by | Economics, EndTimes, Social Trends | , , , , , , , , , , , , | Leave a comment

China Could Crash US Dollar with 30,000 Tons of Gold

Chinese-gold-bar

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

  • China Could Crash US Dollar with 30,000 Tons of Gold
    by http://www.wantchinatimes.com/  
    China has the ability to crash the unstable US dollar with 30,000 tons of gold reserves, says Chinese economic observer Jin Zihou.

    In a commentary posted online, Jin noted that former US Federal Reserve chair Alan Greenspan once said that the renminbi could become unexpectedly powerful in today’s financial system if Beijing would convert its US$4 trillion in foreign reserves into gold.

    With the US dollar growing more unstable and China being America’s largest creditor, Beijing could potentially crash the US dollar with 30,000 tons of gold, Jin said.

    The US dollar still accounts for 60% of global foreign reserves, though there are many countries hoping to become less reliant on the US dollar. If China really wants to challenge America’s place in the global trade and finance markets, it will have to do so via a significant amount of gold, Jin said.

    Bloomberg estimates that since the last official announcement in April 2009, gold reserves held by China’s central bank may have doubled to 3,510 tons. This would make China the second largest keeper of gold in the world behind the United States’ 8,133.5 tons.

    However, Alasdair Macleod, head of research for GoldMoney, states that China could have easily piled up 25,000 tons of gold between 1982 and 2003, meaning its gold reserves could have exceeded 30,000 tons by now.

    It is suspected that China could be preparing the release an update of its gold reserves because the country’s decision-makers appear to be trying to push the yuan into the International Monetary Fund’s special drawing rights basket along with the US dollar, the euro, the Japanese yen and the pound sterling.

    Beijing’s attempts to internationalize the renminbi have been relatively successful, having already signed currency swap agreements with around 28 countries and establishing a yuan trading center in Zurich, Switzerland. China has also encouraged Hong Kong and London to develop into renminbi offshore markets and pushed for the Shanghai Cooperation Organisation to promote non-US-dollar trade settlements across Asian countries.

    read more.

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May 19, 2015 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

Bank of America: Markets Are in a ‘Twilight Zone’ and It’s Time to Hold More Cash and Gold

Bear

  • Bank of America: Markets Are in a ‘Twilight Zone’ and It’s Time to Hold More Cash and Gold
    by , http://www.bloomberg.com/  
    A warning for investors  
    In a note sent out this morning, Bank of America Merrill Lynch has a warning for investors: 

    Investors remain trapped in “The Twilight Zone”, the transition period between the end of QE and the first rate hike by the Fed, the start of policy normalization…until (a) the US economy is unambiguously robust enough to allow the Fed to hike and (b) the Fed’s exit from zero rates is seen not to cause either a market or macro shock (as it infamously did in 1936-7), the investment backdrop will likely continue to be cursed by mediocre returns, volatile trading rotation, correlation breakdowns and flash crashes. For this reason we continue to advocate higher than normal levels of cash, adding gold and owning volatility in mid 2015. Given extremities of liquidity, profits, technological disruption, regulation, income inequality … potential for a cleansing drop in asset prices cannot be dismissed. Most likely catalysts: Consumer, Rates, A-shares, Speculation, High Yield.

    The note also highlights two interesting disconnects in the markets:

    1. Investors say they are optimistic, but there is a high level of cash on the sidelines
    2. U.S. stock prices are at record highs, but equity funds are seeing outflows

    Regarding the first point, one of Bank of America’s surveys showed investor sentiment as being “risk-on,” which it says is normally associated with less cash on the sidelines.

    read more.

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May 19, 2015 Posted by | Economics | , , | Leave a comment

Hugo Salinas-Price: Apocalypse and Enormous Disorder Coming. We Are Headed Over Niagara Falls!

  • Hugo Salinas-Price: Apocalypse and Enormous Disorder Coming.
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe.  Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash.  We can’t go too much further along this road.  This is utter madness.  We’re not supposed to use cash anymore?  Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better.  We have people running things that have forgotten about what motivates the common man. . . . I want people to have silver because it is going to protect them.”


    Why does the common man need the protection of precious metals?  Salinas-Price says, “I just read today the global debt is $200 trillion, and it’s grown from the last crisis in 2008.  Something has to happen to take care of that debt.  Either it’s going to be repudiated or it’s going to be inflated away, or it’s going to be paid with taxation. . . . We are headed over Niagara Falls.”

    Salinas-Price, 83 years old and a billionaire, warns currencies can suffer huge inflation risks.  Since the mid 1970’s, Salinas-Price points out the peso exchange rate has plunged compared to the U.S. dollar.  Salinas-Price says, “From 1976 to date, from 12.50 pesos (to $1 US) we are now at 15,100 pesos (to $1 US) and going further down.  Savings can become worthless, and that’s what I tell people.  Don’t save money that is going to devalue.  This inflation that is going on that is presently debt that is like a cloud that is up there.  When it begins to liquidate, it’s going to be pouring down.  People will be rushing around trying to buy things.  The money is going to be worthless because in a liquidation, what can you buy with all this water (fiat money) that is coming down.  As long as it is up there in credit, it’s okay.  It’s up there in the cloud, but if it begins to liquidate, watch out.”

    So, is Salinas-Price predicting the same huge devaluation for the U.S. dollar as what has happened to the Mexican peso?  Salinas-Price contends, “Same cause, same effect.  It is absolutely unavoidable.  That’s why I have been urging people to have silver and gold.”

    read more.

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

Bill Holter: “All Hell Has Been Breaking Loose” in the Global Credit Markets

  • Published on May 17, 2015
    Writer & Researcher Bil Holter joins me to discuss the latest as we document the collapse. Over just the past week, Bill explains, “all hell has been breaking lose” in the global credit markets.


    Bill wants readers of SGT Report to understand that “the stock market(s) are merely a side show to the grand Big Top circus of the credit markets because the credit (bond) markets are so much larger than the equity markets.” And Bill says when the credit markets implode – EVERYTHING will implode. 

    So how will it all end? Bill explains, “This is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position. So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it” And Bill asks, “Do realize that gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed?”

    The choice is yours, paper brokerage account statements and ones and zeros on a computer screen, or real physical wealth. The time to make your decision is running out.

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May 18, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

China Saves Up 30,000 Tons of Gold to Topple US Dollar from Global Reign

Chinese-gold-bar

  • China Saves Up 30,000 Tons of Gold to Topple US Dollar from Global Reign
    by http://english.pravda.ru/  
    China is waiting for the right moment to remove the US dollar from economic reign. Once the US dollar loses its leadership, China plans to make the yuan world’s first currency. 

    According to Duowei News, to ensure its domination, China is saving up gold. According to unconfirmed reports, China already has about 30,000 tons of the precious metal. If this is true, it means that China will be capable of brining the US dollar down in an instant. 

    Also read: China becomes world’s largest producer of gold  

    Economic analyst Jing Zhou believes that in order to challenge such a powerful economy as that of the United States, one will need a very large amount of gold.

    In addition, the Chinese authorities expect that the Chinese national currency will be added on the list of IMF reserve currencies that already includes the dollar, the euro, the pound sterling and the Japanese yen.

    Thus, Beijing is getting ready to topple the US dollar by increasing its gold reserves. Noteworthy, Russia also sticks to a similar tactic: since 2005, the country has doubled its gold reserves. As of late 2014, Russia was ranked fifth in the world in terms of gold reserves

    read more.

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May 18, 2015 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Andrew Maguire: Precious Metals Manipulation Endgame

Click on image to play the MP3 interview!

Click on image to play the MP3 interview!

  • Andrew Maguire: Precious Metals Manipulation Endgame
    by Turd Ferguson, http://www.tfmetalsreport.com/  
    The dollar is sinking like a stone. Paper gold and silver are rallying and above their major moving averages. Physical metal demand continues to accelerate worldwide. What a perfect time to get an update from our friend, Andrew Maguire.

    This was recorded Friday morning US time, between 11:00 amd and 11:30 am EDT, so it’s about as current as you can get. Over the course of this discussion, Andy addresses:

    * the changes to the London Fix process
    * unallocated London gold still affects price but the coming Allocated Bullion Exchange will have a significant impact
    * how London is still able to settle physical trades and the news this morning that England showed a net export to Switzerland of nearly 100 metric tonnes for the month of March
    * in the absence of published GOFO, how Andy computes tightness and/or backwardation in the gold market
    * his current price targets and projected resistance levels

    I think you’ll find this podcast to be great fun and quite informative. Today’s action in the metals and the dollar sets us up for a very interesting end of the month. This “interview” could not have come at a more opportune time.

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May 18, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

David Stockman: We Are Now Entering The Terminal Phase Of The Global Financial System That Will End In Total Collapse!

Financial Armageddon dead ahead !

Financial Armageddon dead ahead !

  • David Stockman: We Are Now Entering The Terminal Phase Of The Global Financial System That Will End In Total Collapse!
    by http://www.kingworldnews.com  
    Today David Stockman, the man President Ronald Reagan called upon along with Dr. Paul Craig Roberts to help save the United States from disaster in 1981, warned King World News that we are now entering the “terminal phase” of the global financial system that will end in total collapse.

    Eric King:  “David, I wanted to get your thoughts on gold in the midst of this big deflation you think is in front of us.  When you look at the collapse of 2008 – 2009, gold was one of the best performing asset classes.  Gold went down but it went down much less relative to virtually everything else.  Contrast that to 1973 – 1974, where we had a 47 percent stock market collapse.  But during that time we had skyrocketing gold and silver.  What’s in front of us because it looks like gold and silver may be ending a 4 year bear market and ready for a 1973 – 1974-style up-move?”

    David Stockman: 
    “Yes.  I think the two periods are quite different.  Although at the bottom it’s central bank errors that underlie each.  But remember that in the 1970s we had just finally exited a semi-stable Bretton Woods Gold Exchange Standard system.  There still was, at the end of the day, an anchor on the central banks that was thrown overboard by Nixon in 1971….


    read more.

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May 16, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Gold & Silver Breakout – Set Up For An Explosive Summer?

  • Gold & Silver Breakout- Set Up For An Explosive Summer?
    by http://www.silverdoctors.com/  
    With gold & silver finally putting in a big week to the upside, The Doc & Eric Dubin broke down all the action, discussing:

    * Breakout– gold & silver close big week at their highs
    * Surge to Weekly Close ABOVE respective 200 DMAs of $1221 and $17.20– Set up for an EXPLOSIVE Summer?
    * Dollar rolling over- USDX looks ready to head to 90
    * Physical Update: Big Money enters/returns to silver market with a JOLT
    * GREXIT- Greece to join BRICS? 

    read more.

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May 16, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

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