Socio-Economics History Blog

Socio-Economics & History Commentary

Robert David Steele: What Trump’s About To Do Is SHOCKING!

February 18, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 2 Comments

Europe Deflationary COLLAPSE Accelerates! Trillions Printed and Economy Still In Crisis Mode

February 16, 2019 Posted by | Economics | , , , , | Leave a comment

Global Currency Reset: This is WHY Central Banks Are Now HOARDING GOLD

  • SGTreport Published on Feb 13, 2019
    Author Ken Schortgen joins me to discuss the coming global monetary reset which, as Ken explains, cannot be avoided. Ken notes that central banks around the world are now buying gold in volumes not seen since 1971, and the reason is likely because massive changes are coming to the global banking system on March 31st.

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February 14, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

The Call Goes Out, The Move Against The Central Banks Begin

  • X22Report Published on Feb 13, 2019
    The European economy is in a recession or almost there, they are the weak link the global economy. More people are out of the food stamp program than every before. This is part of the plan to reduce the dependency on government. Howard Schultz rips apart the Green Deal. The D’s are pushing the idea that because of Trump people are not getting big refunds, very misleading. Italy pushes the idea to get rid of or restructure the [CB]. In the TBAC minutes they make reference that the dollar might not be the reserve currency.

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February 14, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The Value of The Dollar Has No Guarantee Whatsoever — The Coming Revaluation of The Price of Gold

Well, what do you know? No lack of toilet paper!

  • The Value of The Dollar Has No Guarantee Whatsoever — The Coming Revaluation of The Price of Gold
    by Egon von Greyerz, https://goldswitzerland.com/
    The statement above is of course totally accurate for a country running budget and trade deficits for over half a century with a total debt, including unfunded liabilities, in the hundreds of trillions of dollars.

    It could have been said today, but it actually dates back to August 1971 when the People’s Daily in China declared the beginning of the end for the monetary system of the capitalist world.
    ….
    THE CHINESE PREDICTED THE DOLLAR FALL
    Starting my working life in a Swiss Bank in Geneva two years before Nixon’s fatal decision, I have experience of that fall of the dollar that the Chinese predicted. In 1970, there were 4.30 Swiss francs to the dollar. Today you get just under one Franc for one US$. That is a catastrophic collapse of 77% of the world’s reserve currency in almost 50 years. If we look at the graph of the dollar against the Swiss franc below, we can see that this currency pair has been in a long consolidation at the bottom since 1987.

    Gold and the other precious metals are on the way to new highs. There are two different paths for gold. One, which is favoured by some market experts, is a reset orchestrated by the IMF and the World Bank leading to a gold backed SDR. That would involve gold trading ceasing for a limited time, starting one weekend. When the market opens again, gold will be revalued to a much higher level which in US dollar terms could be $5,000, $10,000 or higher.

    The other alternative is that market demand and pressures make gold rise very fast to new highs, and way beyond that, in the next few years. This would be a disorderly reset.

    Since I would have no faith in the first official reset which will be fake and not solve any of the world’s problems, we are likely to see the second reset in any case. At that point the gold paper market will go to zero and the physical gold market to unthinkable heights.

    In either case, the last chance of getting hold of gold at low prices, or at all, is now. Gold is unlikely to wait for a bigger number of investors to get in at these prices. So now is the time to get on the Gold Wagon before it is too late.


    read more.

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

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February 12, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

David Stockman: Central Banks Created Fiscal Doomsday Machine — FedRes is Enemy of MAGA

  • David Stockman: Central Banks Created Fiscal Doomsday Machine – FedRes is Enemy of MAGA 
    by Greg Hunter’s USAWatchdog.com 
    Reagan White House Budget Director and best-selling author David Stockman says Fed policies over the last couple of decades hit the middle-class hard. Stockman contends, “The Fed drove up costs, prices and wages at 2% come hell or high water. You do that for two or three decades and, all of a sudden, you are totally uncompetitive. You have the highest cost structure in the world economy, and the jobs and production migrate to where companies can find lower costs and better profits. So, the Fed hit the economy and the middle-class, what I call fly-over America, with a double whammy. The Fed’s 2% inflation drove jobs offshore and undermined wages and the middle-class economy. At the same time, it vastly inflated and subsidized a massive gambling spree and financial asset inflation on Wall Street. . . . Not only was this (Fed) policy the enemy of MAGA . . . it also created a dangerous distortion in the distribution of national wealth.”


    Stockman points out that debt is the highest ever in almost every sector of the economy, and much of it is never getting paid back. Is there a big global default coming? Stockman says, “Yes, it is very likely, and this is why it is so dangerous to be in the stock market today because the whole thing is propped up by debt. As soon as the defaults begin to cascade through the system, there is going to be a tremendous correction. At the same time this debt was exploding from $40 trillion to $250 trillion (globally), the balance sheet of the central banks went from $2 trillion to $25 trillion. . . . The central banks of the world have taken their balance sheets from $2 trillion to $25 trillion in roughly two decades, and all of that is one giant fraud because to buy all those assets . . . they just made it up. It was fiat credit. They issued credit . . . made out of thin air. So, what we have in the world economy underpinning this $250 trillion of debt is a massively bloated and fraudulent central banking system and balance sheet that made all this possible.”

    read more.

http://www.wnd.com/2008/03/59405/

Click on image for article.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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February 7, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Will Stocks CRASH If the FedRes Doesn’t Print Money?

February 6, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Global Debt Crisis 2.0 & Top Gold Stock Picks for 2019 – Peter Spina

February 5, 2019 Posted by | Economics | , , , , , , , | Leave a comment

Remove The Globalist Systems, Then Control The Central Bank

  • X22Report Published on Feb 4, 2019
    US Factory order tumbled in November, GM is looking to layoff 4000 employees to restructure, the car manufacture has been channel stuffing for years making it look like they were doing much better than they really were, now it is starting to show in the data and car sales are declining. Trump is disabling the globalist system one piece at a time, and while doing this preparing the world for new currency system. Trump is using the same players as when the system was brought online, they don’t even know they are helping him.

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February 5, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Jim Sinclair & Bill Holter: Trump Presides Over Bankruptcy of US — Global Reset by June 2019?

  • Jim Sinclair & Bill Holter: Trump Presides Over Bankruptcy of US — Global Reset by June 2019?
    by Greg hunter’s USAWatchdog.com (Early Sunday Release)
    Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair warned last summer there were big problems coming in the global financial system. Today, Sinclair says, “We destroyed everything. We not only destroyed the financial markets, we destroyed society. I’m going for June of this year. The reset button gets reset after a few days of a flash crash that can’t be stopped. We’re flash crashing to hell, piece by piece by piece, until all of a sudden, the motion of the entity cannot be stopped.”

    Holter says, “I think President Trump is going to preside over a bankruptcy. He’s gone through bankruptcies with his own companies and understands the process. That’s what this is. It’s the bankruptcy of the corporation of the United States.” Sinclair adds, “Much of Trump’s business career is in bankruptcy, and he has used it as an asset quite successfully.”

    Holter also points out, “Paul Volker, when he was Chairman of the Fed, was able to raise rates and able to tighten the money supply. He was able to create a deep recession. The reason he was able to do that was the country, corporations, individuals and the federal government itself was not over-leveraged in 1980 to the extent it is today. The over-leverage is everywhere today. If Paul Volker came in today and tried to do what he did back in 1979 and 1980, all you would see for markets and the economy is one big black smoking hole. You would have the entire system come down.”

    Sinclair warns, “If Bill and I were standing on a street corner as preachers, our sign would read not ‘the end is near.’ Our sign would read, ‘it ended.’” Sinclair goes on to say, “The flash crash to hell has started because the U.S. dollar is only up for one reason. It’s only up because there is a synthetic short.”

    Holter adds, “And if you look at the dollar chart, it is rolling over. The next big move in the dollar is down, which also tells you the next move in any asset priced in dollars is going to cost more dollars because the dollar will weaken dramatically.”

    In closing, Sinclair says, “The dollar standard is over. We were on a gold standard, and then poof, Nixon, and out. What has happened to the petro-dollar? Poof, it’s out in comparison to what it was. What system is next? The marbles standard? Gold is going back . . . to a store house of value.”

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February 4, 2019 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The World Is About To Change And Nothing Will Stop It: Jordan Sather

February 4, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Willie & Dustin Nemos on Venezuela, Vaccines, and Veritas Final Cut

February 2, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

If You Don’t Think QE4 & QE5 Are Coming, You’re Smoking Something – Mike Maloney

February 1, 2019 Posted by | Economics | , , , , , , , , , | Leave a comment

Political Unrest, Bank Accounts, BREXIT… Currency Reset — Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Jan 29, 2019
    Link to the Slides and Sources: https://www.itmtrading.com/blog/polit…
    Question 1. Lou Anne M: Does each currency reset include a war and political unrest? Is that what we can expect in Venezuela?
    Question 2. Greg L: Would you rather have your paper money in a credit Union or a regular FDIC insured bank account?
    Question 3. Bonny J: Brexit deadline is March 30. It appears that the UK is leaving the European Union. How does this affect worldwide currency markets and overall worldwide markets?
    Question 4. Paul S: We have heard from so many sources that Central Banks are buying massive amounts of gold. Can you speculate as to where the gold is coming from? Given the supply numbers, it cannot all be newly mined metal.

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February 1, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Chris Martenson: Buy Gold Before the Everything Bubble Blows Up — Global Collapse Accelerating?

  • Chris Martenson: Buy Gold Before the Everything Bubble Blows Up — Global Collapse Accelerating?
    by Greg Hunter’s USAWatchdog.com 
    Futurist and economic researcher Chris Martenson says a collapse is “a process, not an event.” Martenson contends the long awaited global collapse, on many fronts, has not only started, but is picking up speed. Martenson says, “Our prediction at PeakProsperity.com is these collapse trends, we have been following for 10 years now, are accelerating and continuing. None of them are reversing at this point in time. These will impact people’s future in a huge way. Environmentally, we see these signs, but we also have $245 trillion of debt in the global economy. We have been accelerating that debt cycle as if we could just keep that trend going forever—we can’t. So, what we see are all these unsustainable trends converging. They are going to happen . . . and people need to be ready.”


    Martenson lays out the case to blame central banks for much of the geopolitical and economic friction in the world today. Martenson says, “The economic pie is not expanding anymore. It’s kind of stagnant. So, if you have one tiny group taking their fair share and the pie isn’t growing, it means they are taking from somebody else. This is the essence of central banking. They don’t create wealth, they redistribute wealth. When the Federal Reserve crams rates to zero, the savers lose out, but lose to who? The winners and losers are being picked by the central banks, and they have decided that the .01% should be the winners in this story and everybody else should be the losers. . . . Central bank policies have really benefited the elites at the expense of everybody else. This brings up the most important point and that is central banks are not our friends. They are redistributive organizations.”

    Martenson also says, “Our view is if we get into a war that it will be so devastating, there really won’t be a recovery from it.” As for the elite, Martenson says, “It’s time to panic. . . . They have thrown in the towel, they have caved and are ready to go back to the print-a-thon thing. That is concerning because the financial world can’t even manage stopping their bond purchases, let alone reversing them without them panicking . . . . When a central bank can’t even flatten out their balance sheet purchases, you should be panicking.”

    Central banks cannot stop the money printing without the whole system blowing up. Maybe that is why gold is going up? Martenson says, “I believe it is. . . . I buy gold because gold is the only form of money that is not simultaneously someone else’s liability. We are talking about a world so saddled with debt, I am not sure where all the liabilities lie. I don’t trust . . . the accounting of major corporations. I don’t trust what derivatives will do in a crisis. . . . This is the ‘Everything Bubble.’ What happens when it bursts? We don’t know. So, gold, to me, is the thing I want to own and hold when you have a systemic crisis.”

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January 31, 2019 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment