Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Dollar Death by Gold (TruNews Radio)

Click on image to listen to download MP3 file of interview.

Click on image to listen to download MP3 file of interview.

  • Jim Willie: Dollar Death by Gold (TruNews Radio)
    by http://www.trunews.com/  
    Hat Trick newsletter publisher Jim Willie joins Rick for a riveting 90+ minute explosive interview about the implosion of the Western financial empire and the rise of the Eurasian empire. Could the US Petrodollar end this summer? This is the best Jim Willie interview of 2016!

end

April 27, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“The Men Behind The Curtain Are Being Revealed” – CEO Says Real-World Pricing Will Return To Gold, Silver And Commodity Markets

  • “The Men Behind The Curtain Are Being Revealed” – CEO Says Real-World Pricing Will Return To Gold, Silver And Commodity Markets
    by Mac Slavo, http://www.shtfplan.com/  
    Astute observers of financial markets, especially in the precious metals sector, have long argued that small concentrations of major market players have been manipulating asset prices. Last week those suspicions were confirmed when Deutsche Bank, one of the world’s leading financial institutions, not only admitted to regulators that they have been involved in the racket, but that they were prepared to turn over records implicating many of their cohorts in a global scheme to suppress prices.

    In his latest interview with SGT Report, straight-shooting Callinex Mines CEO Max Porterfield explains that now that the men behind the curtain are being revealed, asset prices in precious metals, base metals and other commodities will return to more natural pricing mechanisms based on core supply and demand fundamentals.

    They are being revealed, most certainly… whether anybody actually takes a fall for it is a whole ‘nother discussion in its own right.. It’s good someone is being held accountable in some form or fashion and at least we understand what we’re dealing with.

    … The real world pricing is being seen not only in the precious metals space, but it’s being played out in other base metals as well… Underlying all this manipulation is really the supply demand fundamentals for all these commodities…

    read more.

end

April 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Robert Kiyosaki: Why the Ultimate Stock Market Crash Will Begin in 2016

  • Published on Apr 23, 2016
    In this segment, Christian economist Jerry Robinson is joined by author/investor Robert Kiyosaki to discuss why he believes the biggest stock market crash in history could likely begin this year! (Actually, Robert made his prediction about 2016 being the beginning of a massive stock market collapse way back in 2002. The prediction appears in a book he wrote 14 years ago entitled Rich Dad’s Prophecy.) In this fascinating interview, Kiyosaki tells Jerry why he has pulled all of his money out of the stock market and provides compelling reasons why the stock market is likely to implode later this year.


    He also explains how America’s financial and tax systems are rigged for the benefit of the “rich.” The solutions Robert offers require you to know the “rules” of the economy.

end

April 25, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Gold is the Spectre Haunting Our Monetary System. A Central Banks Scramble for Gold Has Begun

Remember the Golden Rule: "He who has the gold Rules!"

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

  • Gold is the Spectre Haunting Our Monetary System. A Central Banks Scramble for Gold Has Begun
    by James Rickards, http://www.telegraph.co.uk/  
    For a century, elites have worked to eliminate monetary gold, both physically and ideologically.

    This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic.

    By staying on gold, the UK could maintain its credit, and finance the war effort. This transpired. The House of Morgan organised massive credits for the UK, and none for Germany. This finance was crucial, and sustained the UK until the US abandoned neutrality and tipped the military balance against Germany. 

    Despite formal convertibility of sterling to gold, the Bank of England successfully discouraged actual conversion.

    Gold sovereigns were withdrawn from circulation and turned into 400-ounce bars. This form of bullion limited gold ownership to the wealthy, and confined gold’s presence to vaults. A similar disappearance of gold as a circulating currency occurred in the US.

    Yet, like Banquo’s ghost, gold insists on its seat at the monetary table. The US holds 8,133 tonnes of gold. The members of the eurozone and ECB hold 10,788 tonnes.  China reports holdings of 1,788 tonnes, but actual holdings are closer to 4,000 tonnes, based on reliable data from Hong Kong exports and Chinese mining.

    Russia has 1,447 tonnes, and has been acquiring over 200 tonnes per year. Mexico, Kazakhstan, and Vietnam, among other nations, have added to their gold reserves recently. (Pity the UK, which sold more than half its gold at rock- bottom prices between 1999 and 2002). 

    After decades as net sellers of gold, central banks became net buyers in 2010. A scramble for gold has begun.  What drives gold’s new allure? In some cases, central banks are constructing a hedge against US dollar inflation.

    read more.

end

April 25, 2016 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , , , , , | Leave a comment

This Is The End Days Of The Current Economic System And We Might Not Reach October: Bill Holter

April 25, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Conspiracy Theorists Were Right: Mega Bank Admits To Rigging Global Gold And Silver Markets

FedRes_banksters_looting_cartoon_Amateurs

  • The Conspiracy Theorists Were Right: Mega Bank Admits To Rigging Global Gold And Silver Markets
    by Justin Gardner, http://www.activistpost.com/  
    While everyone was focused on the “too big to fail” banks that brought the economy crashing down in 2008, other big banks were busy scheming investors in a different way.

    In a stunning victory for “conspiracy theorists” within the precious metals space, overnight Deutsche Bank not only agreed to settle a lawsuit accusing it of manipulating the silver fix, but also agreed to help the plaintiffs pursue similar claims against other banks as part of the settlement by providing instant messages and other communications, reports ZeroHedge. And so the former cartel members are turning on each other.

    Within the span of 24 hours, it was reported that Deutsche Bank, along with other banks, has been rigging both the silver and gold futures markets since 2007. The German-based bank reached a settlement in two separate lawsuits brought by bullion investors.

    According to Reuters:
    The plantiffs accused Deutsche Bank of conspiring with Bank of Nova Scotia (BNS.TO), Barclays Plc (BARC.L), HSBC Holdings Plc (HSBA.L) and Societe General (SOGN.PA) to manipulate prices of gold, gold futures and options, and gold derivatives through twice-a-day meetings to set the so-called London Gold Fixing.

    While they were illegally fixing prices in the gold market, Bloomberg reports they had an equally unscrupulous hand in the silver market too.

    read more.

end

April 25, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Bill Holter: Without Price Suppression Gold Would be $5,000 to $10,000

  • Bill Holter: Without Price Suppression Gold Would be $5,000 to $10,000
    by Greg Hunter’s USAWatchdog.com (Special Release)  
    According to financial writer Bill Holter, we are getting to the end of the gold and silver price suppression game. Holter contends, “Because the inventories are so small, silver and gold registered categories (at COMEX) total about $1.2 billion.  That’s nothing in today’s world.  That’s less than one day’s interest the U.S. pays on its debt.  I don’t see this going for a long time because inventories are so small. . . . This whole suppression game on gold and silver was brought about to protect the reserve currency, the dollar, because gold is a direct competitor with the dollar.  If the silver market blows up, and I shouldn’t say if, it’s when the silver market blows up, that’s going to blow the gold market up, and that is basically going to expose the fact the West is a fraud, that the gold and silver markets were a fractional reserve Ponzi scheme.  That’s going to blow confidence, and you are going to see derivatives blow up all over the world, and markets will be closed in a couple of days.”

    Holter, who is also an expert on gold, goes on to warn, “The world runs on credit, and you going to Walmart or a grocery store each week, the stuff doesn’t appear on shelves, it gets there by several layers of credit. . . . Silver is a teeny tiny domino compared to the whole system, but it will lead to all the dominos coming down. China and Russia know this.  It could be two days, two weeks or two months.  It could blow before the market opens on Monday morning.  You tell me when someone steps up to buy twice as much silver than COMEX can deliver, and that’s it.  It is done.  This is a seminal moment for the entire Western financial system. . . . It could be any day.  The default is coming.”

    read more.

end

April 25, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony“

  • Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony“
    by Mac Slavo, SHTFplan.com  
    It seems the end really is nigh for the U.S. dollar. And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.

    The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports: 

    Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.

    China has been working for years to establish global currency status, and will strengthen the yuan by backing it with gold in moves clearly designed to cripple the role of the dollar. Zero Hedge reports:

    China’s shift to an official local-currency-based gold fixing is “the culmination of a two-year plan to move away from a US-centric monetary system,” according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that “by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars.”

    Putin also waits in the shadows, making similar moves and creating alliances to out-balance the United States with a growing Asian economy on the global stage.

    Luke Rudkowski of WeAreChange asks “Is This The End of the U.S. Dollar?” in the video above. He writes:

    In this video Luke Rudkowski reports on the breaking news of both China and Saudi Arabia making geopolitical moves that could cause a U.S economic collapse and obliteration of the U.S hegemony petrodollar.
    We go over China’s new gold backed yuan that cannot be traded in U.S dollars and rising tension with Saudi Arabia threatening economic blackmail if their role in 911 is exposed.


    read more.

end

April 25, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Economic System is Collapsing Right Now

April 23, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Ron Paul: Dollar Collapse, Political Corruption & Protecting Liberty

  • Published on Apr 21, 2016
    IN THIS INTERVIEW: 

    – Presidential elections are meaningless ►0:58 
    – Who are the “Powers that Be” ►3:28 
    – Economic collapse ahead – the Fed is panicking ►5:41 
    – Why is the Fed not audited? ►7:21 
    – Your role in protecting liberty ►8:58 

end

April 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

The Collapse of the Western Fiat Monetary System May Have Begun. China, Russia and the Reemergence of Gold-Backed Currencies

The_End_of_the_Dollar_Russia_China_attacks

  • The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and the Reemergence of Gold-Backed Currencies
    by Peter Koenig, http://www.globalresearch.ca/  
    On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US dollar based fiat monetary systems that is manipulated at will by a small elite of financial oligarchs for their benefit and to the detriment of the common people.

    In a recent Russia Insider article, Sergey Glaziev, one of Russia’s top economists and advisor to President Putin said about Russia’s currency, “The ruble Is the most gold-backed currency in the world”. He went on explaining that the amount of rubles circulating is covered by about twice the amount of gold in Russia’s Treasury.

    In addition to a financial alliance, Russia and China also have developed in the past couple of years their own money transfer system, the China International Payment System, or the CIPS network which replaces the western transfer system, SWIFT, for Russian-Chinese internal trading. SWIFT, stands for the Society for Worldwide Interbank Financial Telecommunication, a network operating in 215 countries and territories and used by over 10,000 financial institutions.

    Up until recently almost every international monetary transaction had to use SWIFT, a private institution, based in Belgium. ‘Private’ like in the US Federal Reserve Bank (FED), Wall Street banks and the Bank for International Settlements (BIS); all are involved in international monetary transfers and heavily influenced by the Rothschild family. No wonder that the ‘independent’ SWIFT plays along with Washington’s sanctions, for example, cutting off Iran from the international transfer system. Similarly, Washington used its arm-twisting with SWIFT to help Paul Singer’s New York Vulture Fund to extort more than 4 billion dollars from Argentina, by withholding Argentina’s regular debt payments as was agreed with 93% of all creditors. Eventually Argentina found other ways of making its payments, not to fall into disrepute and insolvency.

    It is no secret, the western dollar-led fiat monetary system is on its last leg – as eventually any Ponzi scheme will be. What does ‘fiat’ mean? It is money created out of thin air. It has no backing whatsoever; not gold, not even the economic output generated by the country or countries issuing the money, i.e. the United States of America and Europe. It is simply declared “legal tender’’ by Government decree.


    No pyramid scheme is sustainable in the long run and eventually will collapse. It was invented and is used by a small invisible upper crest of elite making insane amounts of profit on the back of the 99% of us. Since these elitists are in control of the media with their lie propaganda, as well as the warmongering killing machine, US armed forces, NATO, combined with the international security and spy apparatus, CIA, MI6, Mossad, DGSE, the German Federal Intelligence Service (BND) and more, we are powerless – but powerless only as long as we ignore what’s really going on behind the curtain.

    read more.

Euro_Zero_dollar

end

April 22, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Michael Snyder: A Black Swan Event Will Destroy The Economy

April 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: 2018 – SDR World Currency Backed with Gold

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

end

April 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World

  • Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World
    by Greg Hunter’s USAWatchdog.com
    Financial analyst and stock trader Gregory Mannarino says pay no attention to the rising stock market because it is “fake.” Mannarino says, “The manipulation is absolutely epic.  We have never seen anything like it.  There is going to be a horrible price to pay for this.  Why?  Because it will correct to fair market value.  There is no doubt in my mind that all of this will correct to fair value.  All these distortions can only go so far, and we know this.  We have seen this throughout history without exception. . . .  We have the biggest bubble in the history of the world, and that is the debt bubble that has re-inflated this stock market bubble, it will burst.  It will burst because every single financial bubble in history, without exception, has burst before it.  This one is going to burst too, but this one is going to engulf the world.  It’s going to be unlike anything we’ve seen in the history of the world, and there is no doubt that the middle class will no longer exist when this occurs.  It’s going to be a massive transfer of wealth to these financial institutions that are going to go short all of this.  It is legal theft on a magnitude and scale that is unimaginable.”


    The mainstream media is ignoring massive fraud by banks. The latest fraud is the admission by Deutsche Bank that it rigged both the gold and silver markets with other big banks. Mannarino says, “Of course, they have to ignore it.  They have no choice to ignore it.  Why?  It’s the system, and the system relies on one thing only and that’s confidence.  They can’t allow the general public to understand there is absolute fraud involved in the biggest banks on earth.  If the people start to get wind of that, then they are going to start to get afraid.  Then, they will pull their cash out of these institutions and start allocating it into different things.  They cannot allow the general public to know what’s really going on.  They need to keep the general public focused on the stock market.  Most people don’t know what to look at, but when they hear, oh the stock market is higher, my 401K is doing well, and that’s all they care about.  The same exact thing happened in 2008 when they were watching their houses go up in price.  They didn’t care about anything else.  When it reversed, then, all of a sudden they’re crying.  This is what’s going to happen now, but the magnitude of this one eclipses what happened in 2008–exponentially.  The 2008 event, that was a walk in the park eating an ice cream cone compared to what is going to occur at one point here down the line.”

    read more.

end

April 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

China Is Now On Course To Shift Away From The Dollar

  • Published on Apr 20, 2016
    Intel lays off 12,000 employees, as many other companies prepare for their layoffs. Existing homes sales are stagnate and the entire housing market is getting ready to implode. Russia says the oil freeze is off and will pump more oil if Saudi Arabia pumps more oil China using the yuan gold fix to move away from the dollar. US courts order documents on the Obamacare exchanges the collapsed but the Obama administration will not hand them over.

end

April 21, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Follow

Get every new post delivered to your Inbox.

Join 1,130 other followers