Socio-Economics History Blog

Socio-Economics & History Commentary

DOJ Orders Banks To Call Cops on $5,000 Withdraw!

  • Published on Mar 25, 2015
    “Do you need to withdraw cash to purchase a used car from a private seller? Or perhaps you are pulling out some emergency cash for a loved one,” writes Mac Slavo. “Either one of these activities are now considered suspicious and if your cash withdrawal amounts to even a few thousand dollars your bank teller is under a legal requirement to alert officials about your suspected criminal activity. And before you argue that you can’t possibly be a suspect because you have done nothing wrong, consider that even being suspected of being a suspect is now enough to land you on a terrorist watchlist in America.”

    http://www.infowars.com/feds-urge-ban…

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March 26, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , | 1 Comment

U.S. Govt Loses Control Of Middle East, Ready To Push Authorization For War!

  • Published on Mar 25, 2015
    Eurozone stealing growth from healthier economies. The Canadian housing bubble is hitting the top. Durable good order decline, business spending declines. GDP estimates for the Q1 are continually lowered. Austria wants to join the Chinese Infrastructure bank. House introduces bill to repeal the Patriot Act. FBI manipulates mass shootings for Obama gun grab. Yemen’s President flees as Yemen falls to the people. The US is now losing control of the Middle East, get ready for the Authorization for War. Islamic State creates a list of towns they will hit. Be prepared for a false flag event.

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March 26, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

US Hegemony, Dollar Dominance Are Officially Dead As China Scores Overwhelming Victory In Bank Battle!

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

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

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March 26, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

The World’s Next Credit Crunch Could Make 2008 Look Like a Hiccup!

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

  • The world’s next credit crunch could make 2008 look like a hiccup! 
    by Ben Wright, http://www.telegraph.co.uk/ 
    Is this why central bankers are so scared of raising interest rates?
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    A solar eclipse, a super moon, the FTSE 100 breaching 7,000 and the US Federal Reserve speaking in tongues – truly some kind of financial apocalypse must be nigh. Well, maybe.
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    We are certainly living in strange times. An unprecedented monetary experiment is coming to a staggered end and no one knows the potential repercussions – a plague of frogs cannot be entirely ruled out.
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    For the time being, the markets remain sanguine, expecting, for example, a gentle increase in the Bank of England’s main interest rate to just 1.5pc by the end of the decade. And, who knows, maybe the markets are right.
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    But maybe it’s too quiet. Last week, Ray Dalio, the founder of the $165bn (£110bn) hedge fund Bridgewater Associates, wrote a widely-circulated note warning his clients that the US Federal Reserve risked setting off a 1937-style crash when it starts raising interest rates again.
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    Then, as now, the central bank had spent years printing money in order to help the American economy recover from the 1929 crash. But the side effect was a stock market bubble, which promptly burst when the Fed prematurely increased rates. Mr Dalio is worried about a repeat performance: “We don’t know – nor does the Fed – exactly how much tightening will knock over the apple cart.”
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    read more!

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March 26, 2015 Posted by | Economics | , , , , , , , , , | Leave a comment

As Major Cracks Appear In The Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself!

Global economic, financial and currency hegemony of the west about to be sunk like the Titanic!

Global economic, financial and currency hegemony of the west about to be sunk like the Titanic!

  • Got physical gold yet?
  • As Major Cracks Appear In The Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself! 
    by http://www.kingworldnews.com
    Today a legend who was recently asked by the Chinese government to give a speech to government officials in China sent King World News a powerful piece that warns as major cracks appear in the global financial system, it’s everyone, every currency and every central bank for itself.

    By John Ing of Maison Placements
    March 24 (King World News) – Much is made of America’s economy becoming one of the fastest growing economies in the world. It is all relative. Debt has grown even faster. The US dollar too has soared relative to other currencies, thanks in part to a relatively better economic recovery and of course the trillions from the Fed’s bond buying program. However, the US still has 47 million people on food stamps and unemployment remains stuck at 5.5 percent. The US is just the least ugly duckling while the rest of the world copes with its own serious challenges.

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    read more!

Global_Economic_Crisis

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March 26, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Leave a comment

Worldwide Markets To See Total Panic As Massive Derivatives Bubble Implodes!

WarrenBuffet-Financial_Derivatives_r_WMD_n_time_bombs_for_the_economic_system

  • Worldwide Markets To See Total Panic As Massive Derivatives Bubble Implodes! 
    by http://www.kingworldnews.com
    Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that worldwide markets are going to see total panic as the massive derivatives bubble implodes!

    Egon von Greyerz:  “Eric, there are four people whose words and actions are considered to be critical for the world economy.  I call them the three not-so-wise men and a lost woman….


    Eric, it will not be central banks that raise interest rates, instead it will be bond investors who realize the bond issuers can never repay the bonds with real money.  And as bondholders start liquidating their bonds, markets will panic and the derivatives bubble will implode.
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    read more!

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March 26, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie: An Acceleration Of The Global Power Shift!

  • Jim Willie: An Acceleration Of The Global Power Shift! 
    by Shadow of Truth, The Daily Coin 
    January was just loaded with big events…the door was opened to a number of different channels working simultaneously for bringing about what I call the global paradigm shift and that’s basically the retirement of the dollar and the reinstallation of the gold standard both in trade and in banking.  –  Jim Willie, Shadow of Truth 
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    Several events have emerged early this year which are symbols of the historic shift of power – economic, political and military – from west to east.  Perhaps the most visible symbol of this is the massive transfer of physical gold moving from western Central Bank and investment vaults into the massive new vaults erected in Singapore, Hong Kong and Shanghai.
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    “Sooner or later we’re going to see a massive flow of major banking systems dumping Treasury bonds because they don’t use them anymore – they don’t want them anymore. And that’s when we’ll see QE4 come into play”

    Rory Hall and I hosted Jim Willie for an incredible discussion about all of the events that are occurring and operating to remove all aspects of power from the grips of Washington, DC, Wall Street and London.   We believe this is the best interview and commentary from Jim Willie in a long time.  Find a lot more about the Asia Infrastructure Investment Bank, the new yuan-denominated gold fix, Ukraine and the imminent demise of the dollar.

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March 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

David Stockman: The End is Near! The Fed Has Left Us With The Highest Leveraged Debt Ratio In History!

  • David Stockman: The End is Near! The Fed Has Left Us With The Highest Leveraged Debt Ratio In History! 
    by SGT, SGT Report.com:
    There is a sea change in the monetary world occurring at this very moment. The world’s reserve currency, the Dollar, is now in its twilight years (or months) as China, Russia and even US allies make dramatic moves away from the world’s Petro-dollar based system – and toward Asia.

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    David Stockman who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.
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    We suggest you share this information with anyone and everyone about whom you care.
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    read more!

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March 25, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

War and Chaos Ahead: How the Mega-Rich are Preparing! The West’s ‘Impending Implosion of the Empire of Debt’!

Global economic, financial and currency meltdown approaching!

Global economic, financial and currency meltdown approaching!

  • Emphasis mine:
  • War and chaos ahead: How mega-rich are preparing! 
    by Barrett Moore, http://www.wnd.com/ 
    Exclusive: Barrett Moore previews West’s ‘impending implosion of the empire of debt’!
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    Candidly, I don’t have the time right now to be writing an article that most in the West would ignore or repudiate. I wrote this piece, however, for the staff of WND with whom I have consulted over the years. WND is one of the few news organizations in America that is interested in truth, and unconcerned with the consequences of reporting it. I admire that, and so should you. Few news organizations remain that are not just inundating us with misinformation and propaganda. But I digress.
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    We are at the precipice of war, and this is a call to action. While it might not come tomorrow, the threat does grow by the day as conflict between the largest and most powerful nation states becomes inevitable, driven by the impending implosion of the empire of debt accumulated by Western democracies, and by the yearning of Russia and China (and their surrogates) to escape the constraints of almost 70 years of American hegemony.
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    I am not talking about another one-sided skirmish in the desert, but rather a real war, where satellites fall from the sky, ships sink, supply chains are disrupted and there is a loss of life not seen since the last century; a war of such a magnitude that few Westerners alive today can comprehend it. Such a war will alter the world as we know it. And, reading the tea leaves, it seems there is little we could do now to stop it. At this stage, all that is missing is the spark that ignites the inferno. It might come tomorrow, it might delay a while longer. We can prepare, but preparation takes years and years, and requires a threshold level of certainty that the threat exists, that it merits attention, that it demands action.

    In short, our leadership won’t change the trajectory we are on until they are forced to do so. Don’t listen to what they say, but observe what they do. For example, the Reagan, Bush (41), Clinton, Bush (43) and Obama administrations have each saddled the nation with successively larger and now record amounts of debt (and please, don’t give me any nonsense about Clinton not adding to the debt; he was just a little more clever about trying to market the narrative). We have all seen these numbers before, but, to refresh your memory, they are as follows (approximately):
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    * $18 trillion is the current cumulative budget deficit of the United States;
    * $2 trillion is the approximate current annual increase in the U.S. budget deficit, if one looks beyond the published numbers and accounts for all federal expenditures;
    * $200 trillion is a reasonable estimate of the U.S.’ additional unfunded liabilities for existing social programs;
    * $16.8 trillion is the United States’ current GDP;
    * $3.1 trillion is the total tax revenue the federal government derived in 2014.
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    Think about the implications. The federal government is spending $5-$5.5 trillion annually (using GAAP-adjusted accounting) yet taking in approximately $3.1 trillion in annual revenues. We are thus only paying for, roughly, 60 percent of expenditures; the rest is being borrowed. How would that go over in your household?
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    read more!
WW3 is near?

WW3 is near?

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March 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | 2 Comments

Bill Holter: China Will Flip the Switch on the Gold Price!

  • Published on Mar 21, 2015
    Once again we bring on a very popular guest, Mr. Bill Holter. Bill is very vocal on how corrupt governments and central banks are mismanaging (or outright destroying) the western economy, before our very eyes. Bill is also highly regarded for his investment knowledge, and thousands of investors follow his writing every week on MilesFranklin.com. It was great to get Bill on once again, and to get his comments on the new political developments from Asia.

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    Takeaways from this week’s interview with Bill Holter:
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    ● How the federal reserve has few options when dealing with the US economy moving forward
    ● Real reasons behind quantitative easing explained
    ● How China will trigger a huge shift in the gold market!
    ● Implications of the new Chinese led Asian Infrastructure Investment Bank (AIIB) – a competitor to The World Bank….
    ● The way Bill has structured his own gold portfolio

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March 24, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

Bix Weir: Disappearance of Dollar Happens This Year!

  • Bix Weir – Disappearance of Dollar Happens This Year! 
    by Greg Hunter’s USAWatchdog.com 
    Financial writer and analyst Bix Weir predicts, “When we have our next crash, and it is coming, I believe it will be here this year, and that’s my final conclusion.  I am looking around September, but I believe it has already started.  When it does come, people will have a different mindset because they have learned so much.  It won’t take too many people to stand in front of an ATM machine and not get their money to be really angry at these people who have rigged our markets and basically stolen our country over the last hundred years.”
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    Weir, who just released a book titled “Silver, Gold, Bitcoin . . . and God,” goes on to say, “People talk about the government taking us over, and they are going to have the police strong arm us.  That’s only as long as the system is up and running.  When the system fails, and it’s obvious that these people have screwed up the world, the police are not going to knock on doors taking houses.  They, more or less, will not even be working because who is going to be paying them?  They are going to go home and take care of their own house and their own friends.  They are going to be just as mad at the government as we are.  It is as very small amount of people who are going to get the blame, and that blame is going to come hard and fast.  There will be justice for all the crimes that have been committed.”
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    Weir thinks the powers that be are preparing for a financial calamity.  Weir contends, “Both the good guys and the bad guys want the crash to happen.  The bad guys want the crash to happen because they know they are in trouble.  They think if they crash the system, they will walk away with whatever they have.”  And why do the good guys want the crash?  Weir says, “They want the crash to end the reign of the bad guys and to end this crazy system we are in now and put in a gold standard, or something to that effect.  They have been planning for this for a long, long time, which includes the Federal Reserve and the Treasury.  There are good guys and bad guys in both institutions.  The thing that has stopped them is the fear of the transition because nobody knows how it’s going to go. . . . There is no doubt there will be chaos. . . . The banks will freeze up and derivatives are going to go sideways, and you are not going to be worried about your 401K.  You are going to be worried about where you are going to get food, gas and water.”
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    read more!

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March 23, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | 1 Comment

Why We’re Drifting Towards World War 3!

WW3 is near?

WW3 is near?

  • Why We’re Drifting Towards World War 3! 
    by WashingtonsBlog
    Financial Experts:  World War Looms … Unless We Stop It
    The Economist argues that there are ominous parallels between the conditions which led to the first world war and today:
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    The United States is Britain, the superpower on the wane, unable to guarantee global security. Its main trading partner, China, plays the part of Germany, a new economic power bristling with nationalist indignation and building up its armed forces rapidly. Modern Japan is France, an ally of the retreating hegemon and a declining regional power. The parallels are not exact—China lacks the Kaiser’s territorial ambitions and America’s defence budget is far more impressive than imperial Britain’s—but they are close enough for the world to be on its guard.
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    Which, by and large, it is not. The most troubling similarity between 1914 and now is complacency. Business people today are like business people then: too busy making money to notice the serpents flickering at the bottom of their trading screens. Politicians are playing with nationalism just as they did 100 years ago. China’s leaders whip up Japanophobia, using it as cover for economic reforms, while Shinzo Abe stirs Japanese nationalism for similar reasons.
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    The New Republic points out that global downturns can lead to war:
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    As the experience of the 1930s testified, a prolonged global downturn can have profound political and geopolitical repercussions. In the U.S. and Europe, the downturn has already inspired unsavory, right-wing populist movements. It could also bring about trade wars and intense competition over natural resources, and the eventual breakdown of important institutions like European Union and the World Trade Organization. Even a shooting war is possible.
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    The Telegraph notes that the economic crisis in Europe is increasing tensions:

    Tensions between European countries unseen in decades are emerging.
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    (Indeed, Europe is stuck in a downturn worse than the Great Depression.)
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    Well-known economist Nouriel Roubini tweeted from the gathering of the rich and powerful at the World Economic Forum in Davos last year:

    Many speakers compare 2014 to 1914 when WWI broke out & no one expected it. A black swan in the form of a war between China & Japan?
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    read more!
http://www.express.co.uk/news/world/462565/China-and-Japan-on-the-brink-of-Third-World-War

Click on image for article!

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March 23, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

When The World’s Reserve Currency Flash Crashed: “I Haven’t Seen Anything Like It Since The Financial Crisis’!

USDX-20150319

USD_flashcrash_vs_JPY_EURO-20150319

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March 23, 2015 Posted by | Economics | , , , , | 1 Comment

Global Trade Grinds To A Crawl !

Container_cargo-ship_crashing_tilting

  • Global Trade Grinds To A Crawl! 
    by Tyler Durden, http://www.zerohedge.com
    At the start of this month, those who contend that depression-level readings on the Baltic Dry are no longer very meaningful because at this juncture, the index simply shows the extent to which the industry is oversupplied got a rude awakening when the CEO of the company (Maersk) that handles nearly a fifth of global seaborne freight decided to ruin everyone’s day by daring to suggest that in fact, global growth is rather abysmal and will likely continue to depress demand the world over. Worse, Skou went as far as saying that the days of 10% container growth for his industry are probably gone forever and yet despite it all, he’s buying more ships in what FT says is an effort to “help the company maintain its market leadership position,” which is of course just a nice way of saying that now many be a good time to eliminate the competition. As an aside, Skou also didn’t seem to share Richard Fisher’s assessment of the US as an “epicenter” of growth, saying America was “good but not great,” suggesting that as Rick Santelli told Fisher, it’s easy to score at the upper end of the range on a scale of 1-10 when a “1” basically equates to a deflationary death spiral and “10” just means something akin to not-collapsing. 
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    Here’s how we summed up the situation at the time: 
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    read more!

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March 23, 2015 Posted by | Economics | , , , , , | 1 Comment

Paul Craig Roberts: Cracks In Washington’s Empire!

BRICS-AIIB

  • Paul Craig Roberts: Cracks In Washington’s Empire! 
    by http://www.paulcraigroberts.org/ 
    Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join.
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    Washington uses its development banks such as the Asian Development Bank, the World Bank, along with the IMF, in order to exercise financial and political hegemony. These banks are crucial elements of American economic and political imperialism.
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    The Chinese-led bank will, of course, be much more effective. The Chinese will use the bank to actually help countries and thereby make friends and grow trust, whereas Washington uses its banks for domination by force.
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    This new bank, together with the BRICS Bank, will provide countries with escape routes from Washington’s domination.
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    The Evil Empire is beginning to crack. It will crack more as the Russian-Chinese alliance unfolds its potentials and when European capitals understand that hegemonic Washington has put their existence at risk in order to try to prevent Russia’s rise. The crazed American and British neocon nazis, and their dupes among the populations, comprise the greatest human threat that the world has ever known. The sooner the Evil Empire collapses, the safer the world will be. Here is the report:
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    http://thebricspost.com/eu-allies-defy-us-to-join-china-led-asian-bank/#.VQe4BCkRW-M

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March 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

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