Socio-Economics History Blog

Socio-Economics & History Commentary

Dr. Jim Willie: Golden Jackass Holiday Weekend

Click on image to download MP3 interview.

  • Dr. Jim Willie: Golden Jackass Holiday Weekend
    by Turd Ferguson, http://www.tfmetalsreport.com/
    It’s a sort of tradition around here that whenever we have a three-day market holiday weekend, we try to check in with Jim Willie. And this time, we used our A2A webinar format so that subscribers of TFMR were able to ask their own questions in real time. It was great fun and I think you’ll find it all quite thought-provoking.

    What topics did we discuss over this 97-minute call? Maybe a better question is…what topics did we not discuss? In this podcast you’ll here Jim pontificate on Trump, Syria, North Korea, gold, China, gold trade notes, silver, the mining shares, the Fed, debt jubilee, interest rates, the dollar, platinum and even his thoughts on Journey entering the Rock-and-Roll Hall of Fame. So sit back, relax and enjoy. And have a great holiday weekend, too.

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

Jeff Brown: China Moves 30% More Funds into Physical Gold Bars – Ingots

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

Rick Rule: Extremely Rare & Bullish Trading Pattern in Gold and Silver

  • Published on Apr 13, 2017
    President and CEO of Sprott US Holdings Rick Rule says gold, silver, and the US dollar rarely trade how they are trading right now… Gold, silver, and the US dollar are all trading higher. This trading pattern is extremely bullish for gold and silver, Rule says. Rule also notes the current strength in the US dollar is not reflective of economic strength. He explains why the US economy is actually weak. In addition, US dollar strength won’t last. With a national debt nearing $20 trillion and unfunded liabilities above $100 trillion, long term there is no practical option out of this debt besides devaluation.

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

Martin Armstrong: Economic Downturn Will Take World to War

  • Martin Armstrong: Economic Downturn Will Take World to War. Strong Dollar Could Cause Bond Market Crash
    by Greg Hunter’s USAWatchdog.com
    Renowned financial expert Martin Armstrong says the biggest risk out there is the effect a strong U.S. dollar has on the global bond market. Armstrong explains, “There’s these people who keep saying the dollar is going to crash.  If the dollar crashes, the world is happier and basically celebrating.  You have half the U.S. debt equivalent in emerging market debt issued in dollars.  If the dollar goes up, they are in trouble.  Then you are going to see sovereign defaults. . . . The U.S. is not going to default, but as you start defaults elsewhere outside the country, it makes people begin to get concerned about sovereign debt.  Sovereign debt is the worst of all.  It’s not secured.  If the U.S. government defaulted on its debt, what would happen?  You cannot go down to the National Gallery and start lifting Picassos.”


    So, a bond market crash is a distinct possibility? Armstrong says, “Yes.  All these things are contagions. . . . The real risk is coming from Europe and Asia.  That is the real risk. . . . There is no place to go but the dollar at this point.”

    If and when a global collapse comes, it will come from China or Europe. Armstrong says, “Yes, because you don’t collapse the core economy.  It’s always the peripheral coming in.  It was the same thing in the Great Depression.  It wasn’t the fact that the U.S. defaulted.  The problem was the first bank that went down was in Austria, and it happened to be owned in part by the Rothschilds.  When people hear a bank owned by the Rothschilds went down, people started to sell off all other banks.  Then all the countries defaulted.”

    Armstrong says there is going to be a major “monetary reform” in the not so distant future, and the U.S. will end up with a dollar for domestic use and a dollar used for international trade, sort of like a “domestic dollar” and an “international trade dollar.” Armstrong says, “Yes. All it is doing is replacing the dollar as the reserve currency.  That would satisfy China and Russia, and it would simply be maintained by an international board.  I strongly advise against the IMF.  It’s way, way too corrupt.”

    read more.

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April 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: FedRes Deliberately Created Bubbles to Save Itself

  • Published on Apr 11, 2017
    Analyst/trader Gregory Mannarino says, “The Federal Reserve has re-inflated a housing bubble. So now, those ‘toxic assets,’ those mortgage-backed securities are worth something. Now, they are going to sell these at a profit. The profit should going to the poor people who were kicked out of their houses and lost everything. That is not going to happen. The Federal Reserve has deliberately created bubbles to save themselves. If the Federal Reserve allowed the markets to do it’s one and only job, and that is to determine fair value, we’d be out of the woods by now. We wouldn’t be facing another war right now. They refused to do this. The free market has been stolen. We really could be on the edge of a major event that would force people into the debt market. There could be huge amounts of cash coming out of the stock market because of all this fear. There could be massive amounts of cash going into suppressed assets like gold and silver. Housing could come under pressure. We could be staring at the next real Great Depression.”


    In closing, Mannarino says, “The global debt problem is going to get monumentally worse. Let’s see anyone argue that. Does anyone here believe that the global debt problem is going to get better? That should tell you what you need to do. This is like adding 2 + 2. This should be so simple for people to understand what they need to do. . . . If you want to hold those pieces of paper with numbers printed on them, they are unbacked liabilities being dispersed by bankrupted governments. If you want to hold that, good for you. I can promise you I am going to be taking the opposite side to that trade, and I will win.”

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Catherine Austin Fitts: US Dollar & US Empire Maintained by Corruption

  • Published on Apr 11, 2017
    During this 35+ minute interview Jason asks Catherine about the corruption trying to sabotage President Trump’s administration and his ability to get anything done. Catherine talks about the pervasive corruption at all levels of government “from sea to shining sea” and how it keeps the status quo going.


    Jason also asks Catherine whether Trump is a neocon or he’s been duped into the Syria strikes? Catherine has some interesting ideas about this. Jason then asks Catherine how many more times the Federal Reserve will raise interest rates in 2017?

    Catherine also discusses her Solari Report 2016 Annual Wrap Up, The Global Harvest & What It Means to Investors. Jason and Catherine discuss organic food and Catherine talks about how it’s an investable trend now.

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April 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

The Biggest Asset Bubble in History is about to Pop | Michael Pento

  • Published on Apr 11, 2017
    The global bond market is the biggest asset bubble in history, says economist Michael Pento. By taking interest rates below 1% for 100 months, the Fed has deformed not only the bond market, but other assets such as real estate and the stock market. Many other central banks have held interest rates artificially low, sometimes taking interest rates negative. Today, the world has $14 trillion of negative yielding sovereign debt. Pento forecasts another crisis will hit later this year or early next year. At that time, he says the Fed will start “Helicopter Money.”

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

Bank of England Rigging LIBOR – Gold Market Too?

Bank of England, Royal Exchange and GoldCore London HQ in No 1 Cornhill

  • Bank of England Rigging LIBOR – Gold Market Too?
    by Mark O’Byrne, http://www.goldcore.com/us/
    – Bank of England implicated in LIBOR scandal by BBC
    – “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
    – “This goes much much higher than me” -UBS’ Tom Hayes
    – Libor distraction as all markets are manipulated today
    –  Central bank’s “rigging” bond markets and likely gold
    – Risks of bank ‘holidays’, capital controls and of course bail-ins remains

    The LIBOR scandal reemerged yesterday as the BBC’s Panorama uncovered a secret recording implicating the Bank of England in the interest rate manipulation saga.


    According to the BBC the central bank pressured commercial banks during the 2008 financial crisis to lower their settings for LIBOR.

    In a telephone recording, aired last night in the UK, a senior Barclays manager, Mark Dearlove, can be heard instructing Libor submitter Peter Johnson, to lower his rates.

    Mr Johnson: “So I’ll push them below a realistic level of where I think I can get money?”
    Mr Dearlove: “The fact of the matter is we’ve got the Bank of England, all sorts of people involved in the whole thing… I am as reluctant as you are… these guys have just turned around and said just do it.”

    The Barclays submitter, Peter Johnson, who is featured in the phone call was jailed in 2016 after pleading guilty to accepting requests to manipulate LIBOR. Previous assurances from the Bank of England that they were not involved in LIBOR fixing have now come under question again. It has long been rumoured that the LIBOR fixing went higher than the banks and individuals that were originally implicated.

    In 2012, a 2008 telephone note came to light which recorded a phone call between Paul Tucker, executive at the Bank of England at the time and Barclays’ boss Bob Diamond. The note refers to what is apparently LIBOR not needing to be ‘so high’ as instructed.

    The telephone note was taken on the same day that the Panorama aired phone call between Johnson and Dearlove, took place. Despite the published telephone note, Bob Diamond told the Treasury Select Committee in 2012 that he had only recently became aware of the manipulations.

    read more.

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

James Rickards: This Is An Extinction-Level Event

  • James Rickards: This Is An Extinction-Level Event
    by http://www.silverdoctors.com/
    Submitted by Sprott’s Thoughts:
    James Rickards predicts the Fed will continue to raise rates and stall the economy.
    Transcript (edited for readability)
    Albert:  James, welcome back to The Power & Market Report. How are you?

    James:  I’m fine, Albert. Thank you. It’s good to be with you.
    Albert: First, before we start though, I want to let the viewers know that April 5 is the first anniversary of The New Case for Gold. So, congratulations on that.
    James:  Thank you.
    Albert:  And on April 7, you’re releasing the paperback edition of The Death of Money. So again, congratulations.
    James:  Thank you. And the paperback edition of The Death of Money as you know, Albert, New York Times Bestseller. It came out in 2014. A couple of things—you’re right, the paperback edition is coming out in a couple of days. It’s unusual. Usually a publisher would go to a paperback within about a year of the publication of the hard cover, but the hard cover, I’m happy to say, sold so well for so long that they delayed the paperback edition.

    But now the paperback edition is coming out. It has new material in it, so it’s not just a soft cover of the old book. It actually has some—a new preface I wrote that kind of goes over the material, shows why it has played out the way we expected and also adds entirely new material including new disclosures never before published on insider trading ahead of the 9/11 attacks. So, I’m very excited about this. It’s a very timely book. It’s still timely after a few years with some very new material included.

    Albert:  
    You know, I was going to joke at the beginning of the show that, you know, it’s been 3 months since we last talked and where is the new book? It turns out there actually is a new book.

    James:  Thanks.

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

Click on image for article.

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

Prepare For The Coming War: “It’s Going To Obliterate The Global Financial System… Our Economy Will Not Survive”

WW3 is near?

  • Prepare For The Coming War: “It’s Going To Obliterate The Global Financial System… Our Economy Will Not Survive”
    by Mac Slavo, April 9th, 2017, SHTFplan.com
    You know what’s so tragic about America? Despite all of the wars our nation gets involved in, we’re secretly one of the most peaceful cultures on the planet. We voted for George Bush, because he promised us a non-interventionist foreign policy. We voted for Obama, because he promised to bring the troops home from Iraq and Afghanistan. We voted for Trump, because he promised to end the nation building policies of his predecessor.


    And that’s the real tragedy. We’ve been voting for peace for nearly 20 years now, and all we get is war.

    That should really tell you something. It should tell you that our system doesn’t care about what the president stands for, or what the voters want. The system is never held accountable for anything, so there is nothing stopping it. One way or another, the deep state always gets its way. So if our government wants a war, then you can bet that we’re going to war.

    That was made abundantly clear last week when President Trump ordered the bombing of an air base in Syria. The attack was so provocative, that the Kremlin went so far as to say that the US is now “only one step from war” with Russia. The man who was supposed to buck the system and drain the swamp; the man who promised to restore our relationship with Russia and pull back from brinkmanship, seems to have finally submitted to the warmongers in our government. The deep state’s plan to drag us into a horrible conflagration was only temporarily derailed by Trump, and now it appears that their plans are back on track.

    But there’s a silver lining in all of this. Once you know that war is inevitable, and you accept that fact, you can have a pretty good idea of what’s going to happen next. You can finally take steps to prepare for it.

    As for what to expect next, you can bet the farm that our economy is not going to survive the next major war, especially if it involves a conflict with Russia or China. Even if this war doesn’t turn into a nuclear slugfest, it’s going to obliterate the global economy and financial system.


    For years Russia and China have been building an alternative to the dollar dominated financial system. They’ve built the BRICS financial bloc, they’ve been stocking up on gold, and they’ve been establishing trade agreements that don’t involve the dollar. When war breaks out, there’s going to be another system waiting in the wings to replace the dollar, which has been the world’s reserve currency for decades. The war will motivate China, Russia, and their allies, to pull the rug out from under the current economic paradigm.

    read more.

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April 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Dollar Collapse & The New Economy | Kerry Lutz

April 11, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

WWIII Arrives & IMF Seizes Opportunity To Eliminate Cash & Financially Enslave Us All

  • WWIII Arrives & IMF Seizes Opportunity To Eliminate Cash & Financially Enslave Us All
    by Lisa Haven, http://lisahaven.news/
    What you are about to see in the video above is the latest working paper from the IMF on how to enslave nations, steal our sovereignty, and force a cashless society across the globe.


    While all eyes are on WWIII events, the IMF has seized the opportunity to look into the aftermath of war and how to bring about their Orwellian bondage cashless society. Here is just a ‘sliver’ of information that I will expose in the 26-page document they have titled,  “The Macroeconomics of De-Cashing.”

    “Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferable deposits, and further computerizing the financial system.

    “The private sector led de-cashing seems preferable to the public sector led de-cashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it. De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyber warfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.”

    Here’s more on this CRITICAL report… (video top of post)
http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

http://theantimedia.org/cash-europe-moves-elimination-paper-money/

Click on image for article.

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.

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April 10, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

The IMF Is Ready To Eliminate Cash

  • Published on Apr 9, 2017
    In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.
http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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April 10, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Russia And China Working On Gold Trading System, Gold Will Increase: Louis Cammarosano

April 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Clif High: FedRes Will Crash & FedRes Is the Market. First Ever Global Government Crash Coming

  • Clif High: FedRes Will Crash & FedRes Is the Market. First Ever Global Government Crash Coming
    by Greg Hunter’s USAWatchdog.com “Early Sunday Release” 
    Internet data mining expert Clif High uses what he calls “predictive linguistics” to spot trends and make predictions for future events. In his latest in-depth report, High sees a “huge” calamity coming for humanity.  Clif High explains, “There is all kinds of data for money and lack of money and lack of funding and all kinds of emotions around this.  There are hints in the data that something huge is coming for August and September that is being exposed by the language now.  I think it’s a bond crash or not a bond crash because I don’t know how that works.  It’s not a stock market crash.  The data I am looking at now says the stock market is not meaningful.  We may lose 50 cents on every dollar in the stock market in just a few days, but it’s meaningless.  It won’t make any difference at all to anybody according to what the data is showing me because the real crisis is in the crash of government.”


    High goes on to explain, “The emotions at the moment are projecting a crash of the ability of the state to function. . . . We have the projection that there is going to be some sort of big government crash. It concerns funding, interruption or something. . . . We have something akin to a definition change relative to bonds. . . . One way to think about this is there is going to be a human collective or re-understanding, or new understanding, about the whole bond market as we go forward in August, September and October.  This is going to cause huge disruptions for governments, which basically depends on the bonds as its source of funds.  I don’t know what that definition is going to mean, but the way the language is presenting itself, it’s very much like the same language that appeared in newspapers ahead of the Bretton Woods conference. . . . At that time, a bunch of countries got together around WWII and talked about how to deal with gold, money and the dollar after the war was over. . . . We have that same kind of language now relative to the bonds. . . .This redefinition is going to cause real problems relative to governments.  If I had to guess, I don’t think we will have a stock market crash, but a government crash or Fed crash or bank crash.  I don’t think a stock market crash will be meaningful because by the time it crashes, nobody will care because before we get there, the Fed will crash.  The Fed is the market.”

    read more.

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April 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment