Socio-Economics History Blog

Socio-Economics & History Commentary

Alert: Dollar & Markets at Risk to Plummet – John Williams

  • Alert: Dollar & Markets at Risk to Plummet – John Williams
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Economist John Williams is putting out a rare “Alert” on his popular ShadowStats.com newsletter. What does Williams see that scares him?  Williams explains, “There are several factors.  Number one, I think we are at risk of an extreme market reaction just tied to the economy slowing down unexpectedly against headline expectations.  That is going to mess up the Fed’s planning for raising rates and liquidating their balance sheet.  That is going to force them back to quantitative easing (money printing).  That, in turn, will savage the dollar.   As the dollar plummets, so will U.S. stock prices.  They are heavily supported by the influx of capital from abroad. . . . Given the underlying fundamentals in the markets and in the economy, I think all the components are in place for one of the great financial panics of all time.”

    Williams says this is why gold is poised to go up. Williams says, “Gold is the ultimate hedge against all the craziness in the world and very bad financial markets, dangerous currency markets and bad inflation.  Physical gold is the ultimate hedge because it retains its value over time. . . . I have been looking for it to go higher, and it is going to go a lot higher as the circumstances deteriorate.”

    At some point, Williams says, “You are going to see a plunge in the dollar. . . . All of a sudden, they are going to stop raising rates . . . and as the economy deteriorates and puts more financial stress on the banking system, they’ve got to go back to quantitative easing. They can’t let the banking system fail.  They have propped up the dollar, but you are going to see a plunge in the dollar.  The fed does not have to actually move to quantitative easing for the dollar to tank, you just have to have the markets shift in sentiment to that effect, and you will see the dollar tank.”

    read more.

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August 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Financial Problems Always Lead To Social Unrest! | John Rubino

August 19, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

We Are Witnessing the Failure of Fiat vs Crypto-Currencies | Rob Kirby

  • Published on Aug 17, 2017
    Gold bugs have been anticipating a reset and collapse of the fiat monetary system, but the expected ”flight to safety” response into the physical precious metals has been thwarted SO FAR. But fiat currency is already hyper-inflating against the leading crypto-currencies. The next moves in the geo-political escalations are the desperate endgame of the fiat system in full-on failure. Kirby delivers a pull-no-punches and sobering expose of what may come next, as he brings into sharp focus what each of us must do to take action now, reduce risk, and prepare for the fallout (literally and figuratively!)

    How are ultra-rich elite globalists prepping? If we follow the money, what lessons can a preparedness minded person learn from the powers that be? – Real estate in what regions? (what are the safest places closer to home?) – What real money assets? – What forms of protection? – What role does planning play in your survival?

    What are the signs of the times that point to extreme risk in economic & political events today? Who wields the real levers of power, and are thwarting any reforms for the common good?

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August 19, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

EXPOSED: The Elite’s Plan to Freeze the Financial System

  • EXPOSED: The Elite’s Plan to Freeze the Financial System
    by , https://dailyreckoning.com/
    Today’s complacent markets are faced with a number of potentially destabilizing shocks. Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.

    You’ll see what I mean in a moment. But first, what are the catalysts that possibly trigger the next financial crisis?

    First off, a debt ceiling crisis is just over a month away. If the ceiling isn’t raised by Sept. 29, the federal government is likely to default on at least some of its bills. If a deal isn’t reached, it could rock markets and possibly trigger a major recession.

    Given Washington’s current political paralysis and intense partisan infighting surrounding President Trump, it’s far from certain that a deal will be reached.

    Second, despite some official comments over the weekend downplaying the odds of a war with North Korea, a shooting war remains a very real possibility.

    North Korea’s Kim is determined to acquire nuclear weapons that can threaten the lower 48 U.S. states, and Trump is equally determined to prevent that from happening.

    Third, a trade war between the U.S. and China seems imminent. Trump has backed off his campaign pledges to label China a currency manipulator and an unequal trading partner. And today, Trump is expected to present his case for sanctions against China. China would likely retaliate, and that could ultimately result in a 10–20% “maxi-devaluation” of the yuan, perhaps by early next year.

    That would likely cause a stock market rout. Since China devalued in August 2015, markets fell hundreds of points in single sessions. And that was a much smaller devaluation, less than 2%. And if markets collapse from either of these scenarios — which is entirely possible — governments will move dramatically to contain the damage.

    read more.

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August 18, 2017 Posted by | Economics | , , , , , , , | Leave a comment

Rick Wiles Issues An Extremely Ominous Warning: “The Alarms Are Ringing Again”

https://api.spreaker.com/download/episode/12556440/trunews_08_11_17.mp3

Click on image to play MP3 file.

  • Rick Wiles Issues An Extremely Ominous Warning: “The Alarms Are Ringing Again”
    by Michael Snyder, http://theeconomiccollapseblog.com/
    What you are about to read is going to absolutely shock you.  Rick Wiles has done outstanding work over at TruNews for well over a decade, and now just days before the August 21st solar eclipsehe has issued his most ominous warning ever.  His warning is not directly related to the eclipse, but I find it extremely interesting that it is coming at approximately the same time, because many consider the eclipse itself to be some sort of warning.  I was a TruNews listener way before I ever started The Economic Collapse Blog, and I know Rick’s track record.  So I would take what follows very, very seriously.

    In 1998, a very unusual series of events resulted in Rick meeting a wonderful Christian lady named Leah Mandell at a conference.  Three years later, Leah made a very strange phone call to Rick on August 11th, 2001, which was precisely one month before the 9/11 attacks.  When Rick answered his phone, Leah began telling him that “the alarms are ringing”

    She said, “Rick, something very odd is happening today. Alarm bells, everywhere I go today there are alarms ringing, car alarms, burglar alarms, fire alarms, even oven alarms, every place I go, I hear alarms ringing. What’s really strange is people are having trouble turning the alarms off. I go into stores, the alarm is ringing. I go into an office, the alarm is ringing. And they can’t get the things to turn off. The Lord told me, ‘Call Rick Wiles and tell him, “The alarms are ringing, and this time, they will not be turned off.”’”

    The moment she said that, Rick’s seatbelt alarm started ringing even though his seatbelt was fastened.

    One month later was September 11, 2001.

    Exactly 16 years later, on August 11th, 2017, Leah called Rick again.  She called to tell him that “the alarms are ringing” again and that she was seeing dead birds fall out of the sky everywhere

    Three days ago on August 11 2017, Rick was driving to his church when suddenly a dead bird fell from the sky and smashed into his windshield. The bird did not fly into his path, but fell out of the sky like it was already dead. Then he received a phone call from Leah Mandell saying, “Rick, the alarms are ringing. Everywhere I go today, alarms are ringing. And there’s something else, dead birds. I’m seeing dead birds. It seems like everywhere I go, there’s a dead bird.”

    Then he realized the date was August 11, the same date when Leah had called him sixteen years earlier with a similar warning.

    read more.

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August 18, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

There Is A Major Shift From West To East Occurring As The Dollar Dies: London Paul

August 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300 & Silver $625

  • Lynette Zang: They Want to Get Rid of Cash. Financial System Cannot be Trusted — Gold $9,300, Silver $625 Now
    by Greg Hunter’s USAWatchdog.com
    Market analyst Lynette Zang says get ready for a “money standard shift.” A reset in how we buy and sell things is being put into place. Zang contends, “Look at the crypto currency area because they know that’s where they want to go. They have to take us there so they can get rid of cash, and they can control everything directly. . . . Generally speaking, all these new crypto coins that are coming out and are making lots of money and people marry that money because of nominal confusion, what is really happening is they are preparing us . . . for a money standard shift.”


    Zang explains that the U.S. dollar has lost about 96% of its value since inception of the Federal Reserve, and its value is “nearing the bottom. . . . So, there is no place else to go but to digital currency,” says Zang.

    On interest rates, Zang says with all the massive debt out there globally, rates cannot be allowed to rise, and central bankers “need interest rates to be negative.” Zang says, “Interest rates will not go up too much further because that will trigger the derivative market unless they are ready for the shift . . . because all that debt keeps coming due. It’s not like they are paying that debt off, they are just rolling it into additional debt. Rising interest rates will cost everybody more money.”

    If rates go up to around 4%, Zang contends, “That would be a trigger and cause a derivative event that will implode all the markets.”

    Zang says we are headed towards an undemocratic technocratic financial system. Zang explains, “Technocrats don’t care about people, they care about systems. That’s what the most important thing is. The formulas that guide all of those systems is not how a democracy works. . . . Essentially, what they are trying to do is get all wealth held in cyberspace and the title to all wealth held in cyberspace. Then the “Smart Contract” can immediately transfer that title. You can go to the mall and spend the equity in your house.”

    Zang warns that central banks could make a big mistake and lose control quickly. Zang says, “They could lose control because it’s all about confidence. Why do they keep testing all of this confidence? People have been losing a lot of confidence in the governments and central banks. Why do they need a trustless system? They could lose control.”

    Zang says every fiat currency will reset against gold and silver, and if it happened today, she estimates “gold would be more than $9,300 per ounce” and “silver would be more than $625 per ounce.”  Zang says, given all the unpayable debt in the world, those are conservative estimates.
https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

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August 17, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

Why We’ve Got To Shut Down The Federal Reserve To End The Boom And Bust Cycle

  • Published on Aug 15, 2017
    Michael Snyder reiterates how important it is to destroy the Federal Reserve in the fight to defeat the Globalist’s cycle of economic slavery.

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

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

Click on image for article.

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August 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives

  • Professor Rogoff’s War on Cash — Give Central Banks Total Control Over Our Lives
    by , https://www.theautomaticearth.com/
    Rogoff, Orwell and Kafka 
    Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz Kafka, with a serving of ‘theater of the absurd’ on top. Rogoff wants to give central banks total control over your lives. They must decide what you do with your money. First and foremost, they must make it impossible for you to save your money from their disastrous policies, so they are free to create more mayhem.

    Prepare For Negative Interest Rates In The Next Recession Says Top Economist
    Negative interest rates will be needed in the next major recession or financial crisis, and central banks should do more to prepare the ground for such policies, according to leading economist Kenneth Rogoff. Quantitative easing is not as effective a tonic as cutting rates to below zero, he believes. Central banks around the world turned to money creation in the credit crunch to stimulate the economy when interest rates were already at rock bottom.

    Central banks create recessions and crises. Note people, and not economies. Central banks. The next recession, which is inevitable, that’s the one thing Rogoff has right, will come when the bubbles in housing, stocks, bonds, etc., created by central banks’ QE, ZIRP, NIRP, start to pop. And there’s nothing worse than giving central banks even more tools for creating crises. We should take away the tools they have now, not hand them more sledgehammers.


    read more.
http://www.wsj.com/articles/the-political-war-on-cash-1455754850

Click on image for article. Needs subscription.

http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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August 16, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Dollar Won’t Collapse – It Will VANISH | Jim Willie

August 16, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

A New Currency Emerges As The Old Currency Withers Away, Welcome To The Transition

  • Published on Aug 14, 2017
    The restaurant industry is experiencing a slow down in traffic and sales even with rising food and drink prices. Trump signs memo looking into the trade agreements with China. From all the indicators that are now out in the public domain the US economy is in a recession even though the Fed has not acknowledged it. IRS reports quarterly taxes are down 40% as more individuals are not paying up. Does the Fed have 6200 tons of gold, we don’t know because they will not allow anyone to audit it . Venezuela and many other countries are turning towards cryptocurrencies. The central banks are pushing to stop people from using cryptocurrencies, what we are witnessing is the transition into a new currency, a new system. 

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August 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

AHEAD: “BREAKDOWN IN FIAT CURRENCY SYSTEM” | Kenneth Ameduri

  • Published on Aug 13, 2017
    CrushTheStreet chief editor Kenneth Ameduri joins FinanceAndLiberty to discuss the global economy. He explains the US has experienced the worst productivity in 35 years, and money printing has gone into overdrive. Where are paper currencies headed? “The world is looking for a free market alternative to be able to put their money in,” he says. This shift is why we’re seeing money flow into cryptocurrencies, gold, and silver. Bitcoin and other cryptocurrencies are “big competition for the Dollar, for the Euro.”

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August 14, 2017 Posted by | Economics | , , , , , , , | Leave a comment

Egon von Greyerz: Big Money Going into Gold

  • Egon von Greyerz: Big Money Going into Gold
    by Greg Hunter’s USAWatchdog.com 
    Financial expert Egon von Greyerz (EvG) says the central bankers did not fix the problem that caused the last global economic meltdown. EvG points out, “Did they save the system?  For ten years they did, but they didn’t save it.  They made the problem a lot bigger.  Global debt has gone from $120 trillion in 2006 to $225 trillion today.  Central banks have printed another $18 trillion.  So, the situation right now is a lot worse than it was then.  So, the bubble is much bigger.  And remember last time, interest rates worldwide were around 5% to 6% ten years ago. . . .Today, they are zero or negative in many countries.  They cannot achieve anything by adjusting interest rates.  Well, they can make them more negative, but people are not going to give them any money with negative interest rates.”


    EvG has decades of experience as a top executive in the European banking system, and he contends, “The ECB risks are increasing exponentially. Greece is still bankrupt and will remain bankrupt.  If you go around to all the other countries, Ireland, France and all the other countries . . .  the problem is just a lot bigger today than it was.  They have done a great job in fooling all of the people most of the time . . . when the risk is greater than ever.  It shows if you tell people lies often enough, people will believe it, and that’s what’s happened.  This is why when this ends, it’s going to end in tears.  It’s not going to end with a slow gradual process of deterioration.  It’s going to end with a bang.  I am not a pessimist.  I am just looking at risk, and the risks are so clear to me. This is a risk that no one can actually do anything about because there is nothing you can do for debts that cannot be repaid. . . . We are living in a lie, and you cannot live on a lie forever.”

    EvG vaults gold for wealthy clients in secret vaults in Switzerland and in Asia. What is he seeing first hand from his global clients?  EvG says, “It’s interesting that we are seeing big money now starting to actually come into the gold area. They are increasing (holdings) or coming in for the first time, which I would say is quite new, in the last few weeks.  People are sensing it.  People understand what’s happening.  We have our clients we’ve had for the last 15 years, and they are increasing their holdings, but we have new money coming in, and it hasn’t been on the scale we are seeing now. . . . There are people that smell things before they happen.  People don’t know why, but people are sensing something is going to happen.”

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August 14, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

Central Banks Prepare for End of the Dollar – G. Edward Griffin Interview

  • Published on Aug 8, 2017
    With the World getting used to the Trump Presidency we have living Legend G. Edward Griffin with us to explain the current outlook in the White House.
    We also discuss the important fact regarding the Federal Reserve not actually been Federal, its parasitic hold over the Economy and the huge awakening happening as people begin to wake up! TOPICS IN THIS INTERVIEW:

    02:25 The Trump Presidency Vs. the Deep State
    05:45 Trump and Kissinger’s meet up
    10:45 Importance of Sovereignty and the Monetary System 
    13:10 Outlook on the non-Governmental Federal Reserve
    20:45 The relationship between The FED and Stock Market
    24:45 The awakening against corruption!
    30:05 Where to learn more about the Red Pill Expo

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August 12, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Jim Willie: King Dollar Loses Its Global Currency Reserve Status

  • Published on Aug 10, 2017
    An hour and a half intelligence report from one of the best minds in economic and geopolitical forecasting. Jim Willie, Editor of the “Hat Trick Letter” shares his insights of the impact of sanctions against Russia, the impact of US interventions in the middle-east, the realignment of the geopolitical world and the unavoidable demise of the US dollar. Jim closes with an important announcement regarding new content that will be published in the Golden Jackass “Hat Trick Letter”. To learn more about his work please visit:


    http://www.goldenjackass.com/ and follow Jim on Twitter @goldenjackass.

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August 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment