Socio-Economics History Blog

Socio-Economics & History Commentary

India’s Modi Admits Plan Shifting Nation To “Cashless Society”

https://www.biblegateway.com/passage/?search=Revelation+13%3A16-18&version=NKJV

  • The Synagogue of Satan is running out of time to prepare for the arrival of their Man of Sin. This desperate action by the Modi (Kissinger puppet?) government is causing a massive economic decline in India. There is really no need to be so extreme and urgent if you want to move the country forward into more electronic transactions. The real reason is: the serpents don’t have much time left. 23 Sept 2017 is rapidly approaching.
  • India’s Modi Admits Plan Shifting Nation To “Cashless Society”  
    by Tyler Durden, http://www.zerohedge.com 
    Well who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi is heading following his chaos-creating demonetization efforts of the last two weeks. While massive opposition protests are planned tomorrow, Modi remains indignant, as Reuters reports, “we can gradually move from a less-cash society to a cashless society…this is the chance for you to enter the digital world.”

    Indian Prime Minister Narendra Modi on Sunday urged the nation’s small traders and daily wage earners to embrace digital payment channels, as a cash crunch following the government’s surprise ban on high-value bank notes drags on.

    Modi, speaking in his monthly address on national radio, said the government understands that millions have been affected by the ban on 500-rupee and 1000-rupees notes, but defended the action.

    “I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world,”
    Modi said speaking in Hindi, urging them to use mobile banking applications and credit-card swipe machines.


    “It’s correct that a 100 percent cashless society is not possible. But why don’t we make a beginning for a less-cash society in India?,” Modi said. “We can gradually move from a less-cash society to a cashless society.”

    More than 90 percent of consumer purchases in India are transacted in cash,
    Credit Suisse estimates. While a smartphone boom and falling mobile data prices have led to a surge in digital payments in recent years, the base still remains low. Modi
    urged technology-savvy young people to spare some time teaching others how to use digital payment platforms.

    read more.
http://www.armstrongeconomics.com/archives/30862

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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November 29, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

The Economic Indicators Are Pointing Towards A Depression: Michael Snyder

November 28, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Italy: The Biggest Elephant Jeopardizing Europe And The Euro

greece_italy_collapse_eu

  • Italy: The Biggest Elephant Jeopardizing Europe And The Euro
    by Not just the euro, but the entire European Union may be in jeopardy next week when the Italians vote on a constitutional referendum initiated by Prime Minister, Matteo Renzi.

    What a Jubilee year it has been. First Brexit, then Trump and now it appears Italy is on the cusp of also escaping the grasp of the European Union. After two years of directly covering trends involved with the disintegration of Western culture in my book Shemitah Trends, I can say with confidence that what has been built up is being torn down. That includes the European Union which will either gradually or abruptly collapse into various pieces.

    Nonetheless, the overall centralization and authoritarianism of Europe will not cease. It simply will be ruled in pieces instead of as one region. The disasters that will come as a result of the fracturing, will be used as justifications to create the additional globalism that our controllers seek – though in general, most people are opposed to it.

    A splintered Europe is probably easier to control than a homogenous one. Part of control is setting individuals, groups and regions against one another. Having an “enemy” to unite against justifies authoritarianism.

    Is Renzi everything he seems to be? His nickname is Il Rottamatore – the “Demolition Man.” It is hard to believe he simply decided the best way to reform Italy was via referendum, especially given the rising anti-euro sentiment and political opposition to constitutional changes.

    In order to examine what’s really going on in Italy, you have to be aware of recent political trends — one of the most prominent being George Soros’s affiliation with one of Italy’s most influential political parties, the “Five Star Movement.”

    This party was founded by comedian Beppe Grillo and has espoused a variety of anti-mainstream points of view. Most notably, the party has called for a vote on leaving the Eurozone. It is very possible that if Renzi loses his referendum, political maneuverings could bring further referendums directly affecting Italy’s participation in the EU.

    How do we know about Soros’s affiliation with the party? Because he is close friends with economist Joseph Stiglitz who is a good friend of Grillo’s and Stiglitz reportedly has had a strong influence on Grillo’s economic stance. Papers published in August from DC Leaks reportedly reveal Soros’s influence directly on emergent political entities including the Five Star party.

    read more.

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November 28, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Italy is Poised to Become Next Country to Reject the Establishment as Shock Poll Finds Referendum Protest Vote is Poised to Beat the Government

http://www.dailymail.co.uk/news/article-3974306/Italy-poised-country-reject-establishment-shock-poll-finds-referendum-protest-vote-poised-beat-government.html

Click on image for article.

  • What is happening in India now will be replicated throughout the world. Got physical gold/silver yet?

Eurozone_Collapse

http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621

Click on image for article.

November 28, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

EURO IS OVER: Italy Opposition Set to Push Out Renzi AND Failing Currency After Referendum

http://www.express.co.uk/news/politics/736963/Italy-Matteo-Renzi-Italeave-EU-European-Union-Five-Star-Movement-Berlusconi-politics-Euro

Click on image for article.

http://www.express.co.uk/news/world/725531/Europe-brink-banking-Armageddon-crisis-Credit-Crunch-economy

Click on image for article.

http://www.express.co.uk/news/world/704996/Banks-preparing-for-economic-nuclear-winter-Senior-banking-analyst-warns-of-EU-APOCALYP

Click on image for article.

http://www.express.co.uk/news/world/691326/Italy-prime-minister-Matteo-Renzi-political-financial-break-down-Eurozone-European-Union

Click on image for article.

http://www.ibtimes.co.uk/bis-warns-gathering-storm-global-economy-markets-lose-faith-central-banks-1547898

The Illuminist bankster serpents who are causing the coming global collapse are blaming everyone for the problem. Click on image for article.

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

Click on image for article.

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November 28, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders

Container_Shipping_vessel_collapsing

  • Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders
    by , http://wolfstreet.com/  
    “Worse than the one following the Global Financial Crisis.”
    New orders received by Chinese shipyards – now infamous for undercutting competitors and sinking into bankruptcy – have plunged 58.5% so far this year through October, compared to last year, according to shipping industry data provider BIMCO, cited by the Nikkei. At South Korean shipyards, which include the three largest in the world, orders have plunged 84.2%; at Japanese shipyards, 90%.


    They all focused on large dry-bulk vessels, tankers, and containerships. But this year, orders for tankers globally plunged 80% and for container ships 84%.

    Global trade, which collapsed during the Financial Crisis but then recovered in a V-shaped manner, was expected to continue soaring. Instead, it has languished over the past few years. Carriers that transport these goods in dry-bulk vessels, tankers, and container ships, face rampant overcapacity and crushed shipping rates. Smaller ones have sunk. In August, Hanjin, the sixth largest carrier and a formerly too-big-to-fail company in South Korea, was allowed to fail. And they all stopped ordering ships.

    However, orders at European shipyards have jumped 45% through the first eight months this year. On the global scale, they’re small players, accounting for only 9.3% of the order book. But they focus on the smaller thriving market for cruise ships, ferries, and tugs.

    Globally, orders for ships plunged 77% so far this year through October. But 2015 had already been down 13% from 2014. And 2014 had been down 26% from 2013, the first good year since before the Financial Crisis. In 2007, orders had peaked at 92 million compensated gross tons (CGT). So far this year, orders are down to 10 million CGT.

    read more.

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November 26, 2016 Posted by | Economics | , , , , , , | Leave a comment

Dr. Jim Willie: Golden Jackass with Turd Ferguson — ThanksGiving

www.goldenjackass.com

Click on image to play interview MP3 file!

  • Gobble Up Some Jackass
    by Turd Ferguson, http://www.tfmetalsreport.com/ , 24 Nov 2016 
    It’s a market holiday weekend so you know what that means….fresh Jackass for your listening pleasure! In this wide-ranging conversation, The Jackass and I discuss:

    * the U.S. election results
    * the roiling global markets post-election
    * what the turmoil in the currency markets may suggest
    * how changes in global interest rates will impact the global economy and markets
    * the impact higher rates are having on hyper-levered balance sheets
    * AND MUCH, MUCH MORE.

    Enjoy and Happy Thanksgiving to all!
    TF

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

Corbett Report: Nomi Prins Explains The Central Bankers’ Game of Thrones

  • Published on Nov 22, 2016
    SHOW NOTES AND MP3: https://www.corbettreport.com/?p=20523 

    Today James talks to Nomi Prins, author of books like All The Presidents Bankers, about her recent article “The Central Bank Power Shift from West to East, Game of Thrones Style.” We talk about the changing economic and monetary landscape and how the locus of central bank power is shifting to the East, with players like the People’s Bank of China gaining in prominence and former US/EU lapdogs like the IMF becoming brokers for these new power players in the new world financial order.

Carroll_Quigley_Tragedy_n_Hope2

Charles_Lindberg_on_FedRes

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!

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!

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November 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | 1 Comment

Physical Gold Buying Soars In Asia

  • Physical Gold Buying Soars In Asia  
    by Dave Kranzler, 17 Nov 2016, http://investmentresearchdynamics.com/
    Gold was pushing $1230/oz overnight, as the methodical take-down of gold and silver in the NYC and London paper markets has triggered an avalanche of demand for physical gold in the eastern hemisphere.

    Last night ex-duty import premiums in India were $14 over spot gold.  In Shanghai the premium to world gold was $9.76.  Delivery volume into the Shanghai Gold Exchange rocketed to an extraordinary 86.55 tonnes (it was 35.9 tonnes on Wednesday).  The open interest on the SGE was 807 tonnes.  To one observer’s recollection, John Brimelow of John Brimelow’s Gold Jottings, this is the first time the open interest has been over 800 tonnes.

    In Viet Nam the premium paid by the public was $90 over world gold.  The spread has been wider over the last 15 years, but not much and only during times when there’s been high “backwardation” between the physical delivery bullion markets in the east vs. the fraudulent paper gold markets in London and NYC.

    To reinforce this nebulous idea of gold flowing from west to east, and unusually high amount of gold was shipped out of the Comex kilo bar vaults yesterday.  320,434 ozs left the Comex.  Over 12,000 kilobars have left JP Morgan’s kilobar vault account in the last two days.  This is being attributed as evidence of Asia’s voracious demand right now, as NY and London – when those two conduits actually clear real metal – trade 400oz LBMA grade bars whereas Asia prefers kilobars.

    The price of gold is being attacked right now in a manner that is quite reminiscent of the way it was attacked in the summer of 2008, right before the global financial markets collapsed, led by the fall of Lehman.

    Something really ugly is coming toward the global economic and financial system.   The dollar index soared from 72 to 86 between June 2008 and October 2008, while gold and silver were systematically taken a lot lower.   We know how that played.

    read more.

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November 24, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: Record Run into Gold And Silver Coming

  • David Morgan: Record Run into Gold and Silver Coming
    by Greg Hunter’s USAWatchdog.com
    Precious metals expert David Morgan says trillions of dollars of negative interest rate paying bonds is a sign we are getting close to another financial calamity bigger than the last. Morgan explains, “Now, as everyone knows, we are even at negative interest rates, and people are buying into this.  They are guaranteed to get less back. . . . This is the upside-down world we are living in.  This is the scientific planet that is our reality.  So, this is the reason you will see a run to the dollar before you see a run to gold. . . . We are in the final step before another 1% of the population takes action into the precious metals.  When the run starts, it won’t be because 90% of the population wakes up and says I need precious metals to protect my financial wellbeing.  What will happen is another 1% will wake up and say I need precious metals to protect my financial wellbeing.  That will double the market.  The physical gold market is less than 1% of all financial assets, and the silver market is about .02% of all financial assets.  So, it doesn’t take a big amount of new money to put the paper price at stratospheric levels, and that’s what will take place.  When people don’t trust the dollar they are holding in their hands, when that happens, there will be a run into gold that will be in the financial record books. . . . The dollar is going up, up and up, and it will peak.  Once it starts down, it will start down kind of slowly, and then, it will build momentum.  Then, it will hit terminal velocity.  It will hit a level that it has accelerated to its maximum point and will continue until it hits the ground. . . . As that occurs, more and more people will be motivated to move into the precious metals.  The door is very narrow, and there will be a big flood of people wishing to get through that door.  It’s going to come down to you will either have it or you won’t.”


    On the question of whether or not Trump will prosecute the Clintons about pay-to-play accusations and the Clinton Foundation, Morgan says, “Certainly this is like the interest rate swaps, and all these global entities in the global banking system are interconnected. I mean if you have a failure in one, it’s systemic.  It goes throughout the whole system.  That’s a good analogy for the Clintons.  This failure of the Clinton dynasty goes throughout the entire system.  They are so connected and it goes across party lines.  There is no doubt about that.”  So, there is no telling how the Clinton question will actually play out.

    Will the Trump Administration have an economic calamity in the bond market because of the heavy global debt load? Morgan says, “Yes, something will take place before the four years is over.  I can almost guarantee that.  The math is just too simple to see, and you are already seeing it in the bond market.  I am very confident because how the bond market is reacting and the amount of paper that has been pushed upon the system that cannot tolerate any more.  Things will unravel in some way, shape or form. . . . I think before that four year time frame (Trump’s first term) is over, we are going to see that big thrust into the precious metals.”

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November 24, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

We Need A Reset & A Debt Jubilee, The Economic Outcome Will Be Devasting: Jeff Nielson

November 24, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

James Rickards: The Road to Ruin — The Global Elites’ Secret Plan For The Next Financial Crisis

  • Wake Up with Steve Curtis – 22 Nov 2016 
    Steve’s guest is James Rickards; author of “The Road to Ruin – The Global Elites’ Secret Plan For The Next Financial Crisis”. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is ARTIFICIAL – that’s according to New York Times bestselling author JAMES RICKARDS.

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November 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash

US_Govt_preparing_for_Collapse

  • “Obama Set Up the Next President For a Major Recession”… And A Giant Crash Is Coming
    by Michael Snyder, November 21st, 2016, Economic Collapse Blog 
    Editor’s Comment: The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat. It won’t just be Trump the man or the president, but the people who elected him, who backed Brexit and who gave up on their system. They people who let loose the chaos that now consumes us.

    Their rage, their anger and their desperation is brewing unrest. The ascent of populism in the political arena has put the establishment in retreat, and revealed, at last, a most dangerous atmosphere, from which collapse can properly precipitate … one in which all regulatory steadiness on the part of the system has been thrown off balance and out of whack by popular revolt. By the time the hammer falls, and the markets fall to the ground, the people rioting in the streets and losing their civility when ATMs stop working and store shelves go empty – these people will become the face of the disaster. The banks have been planning the next rise and fall for sometime; the next phase is all digital, and tightly monitored and controlled.

    We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash
    by Michael Snyder

    Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years.  Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead.  The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates.  Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown.  And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money.  The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later.

    For those that are not familiar with the bond market, when yields go up bond prices go down.  And when bond prices go down, that is bad news for economic growth. So we generally don’t want yields to go up. Unfortunately, yields have been absolutely soaring over the past couple of weeks, and the yield on 10 year Treasury notes has now jumped “one full percentage point since July”… 

    read more.

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

James Rickards: End Game for the Global Economy

  • Published on Nov 18, 2016
    On Mises Weekends this week, James Rickards joins Jeff to discuss The Road to Ruin, his latest book outlining what financial elites have planned for the next financial crisis. Rickards highlights a number of policy tools governments and central bankers have created for themselves, and points to their handling of recent crises in Cypress and Greece bail-in approach as patterns for the rest of the world.


    But, with the Federal Reserve and their peers around the world still unable to normalize their balance sheets following 2008, the real question is: “who is going to bail out the central banks?” Jeff and Jim discuss the answer to that question—and how people can protect themselves—in an interview you won’t want to miss.

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November 23, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Central Banks Indicated Their Next Move, Ban Cash, Raise Rates, Crash It All

  • Published on Nov 21, 2016
    According the Chicago Fed, the economy is not robust and growing. The US government fakes the retail sales numbers. Former CEO of UBS says the central banks are at a point of no return. The global ban on cash is not over, the central bank is pushing for an interest rate hike which signals the beginning of the crash of the economy. The TPP is dead and China is making deals with nations looking for a trade deal.

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November 22, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment