Socio-Economics History Blog

Socio-Economics & History Commentary

The Debt Ceiling Deadline Has Passed, And Now The Biggest Test Of Donald Trump’s Presidency Begins…

  • The Debt Ceiling Deadline Has Passed, And Now The Biggest Test Of Donald Trump’s Presidency Begins…
    by Michael Snyder, http://theeconomiccollapseblog.com/
    On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised.  For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, but it won’t be too long before we get to a major crisis point because the federal government is quickly running out of cash.  Already, the U.S. Treasury has less cash on hand than Apple or Google, and that cash balance is going to keep on dropping until the debt ceiling is finally lifted.

    You may remember that the debt ceiling became a major issue a couple of times during the Obama years.  Last time around, Barack Obama and the Republicans in Congress agreed to a horrendous deal which suspended the debt ceiling until several months after the 2016 election

    Since President Barack Obama signed the “Bipartisan Budget Act” on Nov. 2, 2015 there had been no legal limit on the amount of money the federal government could borrow until now. That law included a section entitled “Temporary Extension of Public Debt Limit.” It said that the law imposing a limit on the federal debt “shall not apply for the period beginning on the date of the enactment of this Act and ending on March 15, 2017.”

    During the 16 and a half months between the signing of that deal and today, the U.S. national debt rose by a whopping $1,414,397,000,000. But now the U.S. national debt will not be allowed to rise by another penny until the debt ceiling is raised or suspended once again.

    The Trump administration is pushing hard to get the debt ceiling raised, and this is a complete reversal from how Donald Trump felt about the debt ceiling back in 2013.  The following comes from the L.A. Times… 

    read more.

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March 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

In the Next Few Hours, the Deep State Will Launch Its Revenge on Trump

  • In the Next Few Hours, the Deep State Will Launch Its Revenge on Trump
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/
    The Deep State is set to prick the largest bubble in human history today…
    The Deep State is the permanently entrenched “national security” bureaucracy—the top tier of the military, the CIA, FBI, NSA, etc. It also includes the Federal Reserve, the quintessential Establishment institution.

    They all hate President Trump. They did everything possible to stop him from taking office. None of it worked. They fired all of their bullets, but he still wouldn’t go down. Of course, the Deep State could still try to assassinate Trump. It’s obvious the possibility has crossed his mind. He’s taken the unusual step of supplementing his Secret Service protection with loyal private security.

    But for now, anyway, the Deep State’s next move is to pin the coming stock market collapse on Trump. He’s the perfect fall guy. When people think “Greater Depression,” they’ll think “Donald Trump.”

    Right now, the Federal Reserve is the Deep State’s weapon of choice
    .


    The economy has been on life support since the 2008 financial crisis. The Fed has pumped it up with unprecedented amounts of “stimulus.” This has created enormous distortions and misallocations of capital that need to be flushed.

    Think of the trillions of dollars in money printing programs, euphemistically called quantitative easing (QE) 1, 2, and 3. Meanwhile, with zero and even negative interest rates in many countries, rates are the lowest they’ve been in 5,000 years of recorded human history.

    On top of that, the too-big-to-fail banks are even bigger than they were in 2008. They have more derivatives, and they’re much more dangerous. If the Deep State wants to trigger a stock market collapse on par with 1929, it just has to pull the plug on the extraordinary life support measures it’s used since the last crisis.

    This outcome is already baked in the cake. It’s just a matter of when… and there’s a good chance “when” is today.

    read more.

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March 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Globalists Fail Again, Populism Rising | Rob Kirby

  • Published on Mar 16, 2017
    The leader of India withdrew the most popular bank notes from India, and many industry insiders believe the motive was to stifle Indian gold demand since much of the gold trade in India is conducted in cash. But the plan backfired: Indian gold demand has gone through the roof!


    Rob Kirby from Kirby Analytics explains why what has just occurred in India is another blow for globalism. Brexit and Trump’s election have also been huge setbacks for globalism. Even though the anti-EU candidate lost in Holland’s elections Wednesday, Kirby thinks globalism is dying. Also in this interview:

    – Paul Ryan, “You’re Fired!” – Why it could happen
    – Will the Dollar go back to the gold standard?
    – The effects of the Dollar losing its world reserve currency status
    – U.S. debt ceiling hit at $19.9 trillion, default coming?
    – Both Republicans and Democrats want to stop Trump’s agenda
    – America doesn’t have the gold reserves it claims to have
    – How would gold investors benefit from a return to a gold standard?
    – Can the U.S. government stop Bitcoin by shutting down the Internet?
    – Will Glass-Steagall be reinstated?

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March 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

This Is Nothing More Than A Central Bank, Rothschild Operation To Increase Their Power: Harley Schlanger

https://socioecohistory.wordpress.com/2013/06/06/trevor-aaronson-inside-the-fbis-manufactured-war-on-terror/

Click on image for article.

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March 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Rick Wiles, Jim Willie: Has the Trump Revolution Been Derailed?

  • Streamed live on Mar 15, 2017
    Rick Wiles, Jim Willie: Has the Trump Revolution Been Derailed?

    Has the Trump Revolution been derailed by the perpetual war, sleaze, corruption, and pedophilia party, or has it only hit a bump in the road? Today on TRUNEWS, Rick Wiles is joined by economic analyst Jim Willie to ponder this topic and the potential of a brewing global economic crisis. Rick and Jim also discuss the ongoing Deep State civil war underway inside the US government and how the push for driverless cars could lead to a Global Brain.

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March 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Insider Reveals How The FedRes Destroyed America’s Economy | Danielle DiMartino Booth

  • Published on Mar 10, 2017
    Former advisor at the Dallas Fed, Danielle DiMartino Booth is “Fed Up” with the Federal Reserve. She reveals how by keeping interest rates too low for too long, The Fed has transformed the U.S. economy into a drug addict dependent on debt expansion. But Booth sees a brighter path forward. People are waking up to how the Fed is destroying the economy. And Booth thinks Trump, as an outsider, may be able to bring much needed reform to the Fed.

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

Click on image for article.

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

“Something Snapped”: US Department Store Sales Crash Most On Record

  • “Something Snapped”: US Department Store Sales Crash Most On Record
    by Tyler Durden, http://www.zerohedge.com
    As we first documented last week in “Mega-Bears Smell Blood As Mall REITs Tumble” and as Bloomberg followed up yesterday, looking at CMBS on the Mall REIT space, many have set their sights on mall REITs as the “next big short.” However, an obvious question that has emerged is whether it is too late to go all in on this particular short, or whether as some have suggested, the bottom is in.  “The short feels crowded to us,” said Matthew Weinstein, principal at Axonic Capital, a hedge fund that specializes in structured products. “If these defaults start happening soon, the short will work, but if the defaults do not occur quickly, the first guy out could drive the market meaningfully higher.”

    On the other hand, one particular chart revealed in the latest monthly Bank of America debit and credit card spending report shows that things may be about to get a whole lot worse for America’s department stores, as well as malls where they are for the most part the anchor tenants. Of note: while official US retail sales data will be released tomorrow (BofA data always comes several days ahead of the official release), what is especially ominous is that the collapse in department store spending was the biggest on record.

    read more.

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

The Debt Needs To Be Defaulted On, It Needs To Die, There Is Nothing To Fix It: Andrew Hoffman

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

Gold’s Perfect Storm: Political Destabilization & Debt Bubbles | Patrick Donnelly

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

Marine Le Pen as President would Spell ‘Total Collapse’ of EU And Euro, US Ambassador Says

Marine Le Pen, a ferocious Eurosceptic, is surging in the polls. Marine Le Pen described the EU as a “nightmare”.

  • Marine Le Pen as President would Spell ‘Total Collapse’ of EU And Euro, US Ambassador Says
    by ROMINA MCGUINNESS, http://www.express.co.uk/
    FRANCE’S ambassador to the United States said if Marine Le Pen became the French president it would spell the end of the European Union and the collapse of the euro.

    Gérard Araud claimed it would be a “total disaster” if became France’s president. Mr Araud said that the leader of Front National would trigger a “political earthquake” if her much-trumpeted bid to pull out of the EU via a ‘Frexit’ referendum was approved by voters.

    In a candid interview with the Washington Post, he said: “In diplomatic terms, I would say it would be a total disaster… It means the collapse of the EU, because the EU, without France, doesn’t make any sense.” 

    The government official added the far-right chief would plunge the entire world into financial chaos if Mrs Le Pen severed ties between France and the soon-to-be 27-member bloc.

    He added: “It (Frexit) means the collapse of the euro and a financial crisis, which will have consequences throughout the world.”

    Earlier this week, Thierry Dana, France’s envoy in Japan, also warned against voting for Mrs Le Pen in the upcoming presidential election – which will be staged in April and May – in an comment piece published by the French centre-left daily Le Monde on Tuesday. Mr Dana pledged “not to serve” under the hard-right candidate if she is voted into power in the spring.

    read more.
http://www.express.co.uk/news/uk/769288/Gold-Euro-Foreign-Exchange-Collapse-Alan-Greenspan

Click on image for article.

http://www.telegraph.co.uk/business/2016/10/16/euro-house-of-cards-to-collapse-warns-ecb-prophet/

Click on image for article.

http://www.express.co.uk/news/politics/721930/Euro-European-Union-collapse-single-currency-Otmar-Issing

Global economic, financial and currency collapse rapidly approaching together with the Satanic WW3. Click on image for article.

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

Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard

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

  • Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard
    by Dave Kranzler, http://investmentresearchdynamics.com/
    “If one can only see value in paper currency terms, one cannot see value at all”

    Hugo Salinas Price – website link – posted a couple of comments on Stewart Dougherty’s guest post earlier this week. I concluded that his insights needed to be shared on the front of this blog and he gave me permission to edit them together to make them easier to read for everyone.  “I know my comment was complex but I wanted to condense the thoughts I have developed over three decades:”

    I would like to take this chance to share a few of my thoughts on this. To me it is pretty clear that the American gold is encumbered. Not because of the usual reasons found on the web but because America defaulted on its gold under the Nixon administration. There are still, many foreign claims on that gold.  If America starts to use that gold officially, the gold vultures, like the bond vulture funds, will be out en masse and with force.  So it is in America’s best interest to ignore that gold – and gold in general.

    The world has (finally) realized that a country with the reserve currency is not something a country should want and that the dollar can fail. The danger is that it will fail to soon. That is why the euro was created for example. The currencies from the individual countries were all issued from the US treasury.  Meaning that if the dollar went the way of the dodo, the European currencies would die with it. Enter the euro, issued from gold [the euro was originally partially backed by gold].  The gold held by the ECB is priced on a mark to market basis. You can check the website of the ECB, its number one asset is listed as gold and, sadly, gold receivables [meaning that gold is leased out].  Most of the Eurasian landmass followed this initiative [pricing Central Bank gold on a mark to market basis] – for instance, the BRICS countries.  All that is needed a rebalancing of the gold holdings of major countries. Enter China. They had way too little gold and way too many dollars. But last year they also started to mark their gold holdings to market.

    Seems to me the world is ready to hyperinflate into gold.  After all, all currencies have already hyperinflated in the financial world.  When the run on real things happens, as a system operator, you don’t want that since a functioning printing press is worth way more than gold. So you want to guide the hyperinflation into a useless metal and use this gold to help equalize the tradeflows. They cannot implement a global political & economic system when things are unstable because it will fail again and soon.  Just as all reserve currencies did since late 1400.  If I were in the position of the globalists, I would aim for the Roman model. Split the money concept. Currency for spending and settling debts but use gold and silver as a final debt extinguisher.  This would function to prevent the kind of mess the EU countries are now  in. The debts of the south are the assets of the North. This is a recipe for disaster.

    Let me elaborate on why I think that the world is ready to hyperinflate in gold terms. The Western public will not hold an asset that goes nowhere, at least in currency terms. The public in the East were never fooled that way. Some  – I think rightly – joke “if one can only see value in paper currency terms, one cannot see value at all”.  I also think gold is wealth and not money. Gold has always been funny in that way. So many people worldwide think of it as money even though its supply tends to dry up as the price rises.

    read more.
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=10&fiidarticulo=281

Click on image for article.

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March 13, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

The Economic Crisis Will Hit This Summer, Banks Will Crash, Currency Won’t Exist: Bix Weir

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

Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”

  • Jim Willie Issues Warning On Seven Bowls Apocalypse: “HELL ON EARTH!”
    by Jim Willie, Golden Jackass, via http://www.silverdoctors.com/
    Although finance & economics are the primary themes for the Hat Trick Letter and its related research, it is impossible to ignore the reality of widespread coordinated aggravated attempts to destroy our lovely blue orb, planet Earth. The globalists are hell-bent on ruining the entire biosphere for the home to humanity.


    Gold & Silver might be the best protection for the financial and economic deterioration, if not destruction, as individuals and financial entities work to ensure the preservation of their assets. However, Gold & Silver should be part of any concerted effort toward preparedness in emergency supply. The Jackass has diverted in this one article instance from the primary newsletter themes in order to warn people about the threat to the entire human species. The common theme among the perpetrators is the Satanism practiced by the Western Elite, who are gradually being exposed for their pedophilia and child sacrifice rituals. Their symbols are all through the corporate signposts, from Proctor & Gamble to HSBC and much deeper.

    The Seven Bowls of death and pestilence are central to the Agenda-21 Global Genocide Plan. Its players include Bill Gates of Microsoft, George Soros, and companies Halliburton, Monsanto along with many others. They have a nucleus in the big banks and large energy firms.

    With destruction of economic foundations, the globalists hope to install the Global Fascist State, usurp all powers, reduce the individual to a true vassal serf, and turn the nations into a gigantic prison camp.

    No, the Jackass has not lost his mind. This threat to humanity is very real, in progress, and might be interrupted. The Populist movement must take further root. The banker cabal is behind the globalist movement, with crimes committed against humanity. Their heinous transgressions extend far beyond war crimes, into areas of human genocide. Each item in the list of the seven extreme threats is very well researched in the alternative media, with thousands of supporting documents and analyses. Let it be known that my list of seven threats is subjective. Other adept analysts can easily substitute one or two threats with other conceptual projects which might include groups of threats. The list is subject to interpretation. The globalists have been working hard for 30 years to produce hell on earth, their goal in service to Satan.

    read more.

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March 13, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Legend James Dines Just Warned We’re Headed For A Global Crisis As Government Bonds Are Going To Crash

  • Legend James Dines Just Warned We’re Headed For A Global Crisis As Government Bonds Are Going To Crash
    by http://www.kingworldnews.com
    With continued uncertainty in global markets, today legend and 60-year market veteran James Dines told King World News that we are headed for a global crisis as government bonds are going to crash.

    The Mania In Bonds Is Over
    James Dines:  “Run for your life, I think these government bonds are going to crash.  The real signal was when government bonds yielded less than zero percent (laughter).  When you have to pay somebody to lend them money you know you are at a very critical mass psychological mania.”


    Eric King:  
    “We’ve talked a number of times about the Fed being trapped.  What about the Fed?”

    James Dines:  “The Fed is greatly exaggerated.  The real problem is that we’re printing way too much money and we’re running up too much debt.  And the Fed just engineers paying for it — that’s all…

    read more.

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

It’s 1994 Again: Why Albert Edwards Expects An Imminent “Bond Market Bloodbath”

  • It’s 1994 Again: Why Albert Edwards Expects An Imminent “Bond Market Bloodbath”
    by Tyler Durden, http://www.zerohedge.com
    Following the Trump presidential victory, two prominent macro strategists have undergone a significant change in their outlook: while David Rosenberg, who started off with a deflationary, and bearish outlook, then flipped to inflationary (and bullish), has recently once more “mean-reverted” and expects a further drop in yields as deflationary forces return, his SocGen peer, Albert Edwards – while still expecting a deflationary “ice age” in the longer-run (in case there is any confusion, he expressly states “make no mistake. Unlike most in the markets, I remain a secular bond bull and do not think this 35 year long bull bond market is over”) now expects an imminent “bond rout” in the coming weeks as the Fed’s rate hike cycle leads to an aggressive selloff in short- as well as long-term rates. The result will be another “central bank-inspired recession”, which will lead to the convergence of yields on the 10Y US Treasury with Japanese and European bonds below zero, as the global deflationary ice age enters the final round.

    Edwards’ summary of his current state of mind, just as the Fed is about to make (yet another) historic mistake, is – as usual – rather picturesque:

    read more.

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March 10, 2017 Posted by | Economics | , , , , , , | Leave a comment