Socio-Economics History Blog

Socio-Economics & History Commentary

Collapse of Western Civilization | Jim Rogers

  • Published on Jul 19, 2017
    Legendary investor Jim Rogers says Western Civilization is going to collapse. Debt is higher than ever. Therefore, this crisis “will be worse than anything in our lifetime,” Rogers predicts. Governments, countries, and banks will fail, he says. How should we prepare? “If you start investing in things you don’t know about, I assure you you’re going to have real problems when the situation goes bad, “ Rogers warns, “Stay with what you know.” He expects agriculture to do well going forward. In the short run, he in is bullish on the U.S. Dollar and bearish on precious metals. But in the long run, he sees confidence being eroded in the Dollar, and more movement into gold and silver. Rogers expects governments to restrict the use of gold and silver when the crisis hits. Stay tuned to hear what country Rogers thinks will dominate the 21st century – it’s not the United States…

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July 20, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | 1 Comment

US Military Establishment Study: The American Empire Is ‘Collapsing’

  • US Military Establishment Study: The American Empire Is ‘Collapsing’
    by , http://theantimedia.org/
    (ANTIMEDIA Op-Ed) A new study conducted by members of the U.S. military establishment has concluded that the U.S.-led international global order established after World War II is “fraying” and may even be “collapsing” as the U.S. continues to lose its position of “primacy” in world affairs.

    “In brief, the sta­tus quo that was hatched and nurtured by U.S. strategists after World War II and has for decades been the principal ‘beat’ for DoD is not merely fraying but may, in fact, be collapsing,” the report states.

    The report, published in June by the U.S. Army War College’s Strategic Studies Institute, evaluated the Department of Defense’s (DOD) approach to risk assessment at all levels of Pentagon policy planning. The study was supported and sponsored by the U.S. Army’s Strategic Plans and Policy Directorate; the Joint Staff, J5 (Strategy and Policy Branch); the Office of the Deputy Secretary of Defense for Strategy and Force Develop­ment; and the Army Study Program Management Office.

    Imperial hubris
    As explained by Nathan Freier, the project director and principal author of the report, the U.S. and its defense establishment “are stumbling through a period of hypercompetition.” From Freier’s point of view, the current era is marred with furious battles for positional advantage at a number of levels, whether national, transnational, or extra-national. Freier explains that America’s failure to cope is the result of “hubris,” which is reminiscent of Imperial Hubris, a book by Michael Scheuer, the former head of the CIA’s bin Laden unit. Imperial Hubris also warned the U.S. about the very controversial and hubristic reasons it was losing the war on terror (hubris means “exaggerated pride or self-confidence,” according to Merriam-Webster).

    Technically, the report does not officially represent the Pentagon, though it does represent the “collective wisdom” of those consulted – including a number of Pentagon officials and prominent think tanks such as the American Enterprise Institute, the Center for Strategic and International Studies (CSIS), the RAND Corporation, and the Institute for the Study of War.

    read more.

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July 20, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , | Leave a comment

Catherine Austin Fitts: We Need Our $40 Trillion In Stolen Cash Back. We Are Now into Controlled Demolition

  • Catherine Austin Fitts: We Need Our $40 Trillion In Stolen Cash Back. We Are Now into Controlled Demolition
    by Greg Hunter’s USAWatchdog.com
    Renowned financial expert Catherine Austin Fitts warns there is not much time left for the current system. Fitts contends, “We have built an infrastructure that doesn’t make economic sense, and we are going to have to change.  What’s happening in state and local budgets is the same thing that is happening in health care.  It’s the same thing happening in all these different areas, which is we have engineered government investment to prop up the stock market. . . . Washington, D.C., is basically run for the political campaign contributions generated from capital gains in the stock market.  The problem is, to get that rise in the equity markets, we’ve ended up pumping out enormous amounts of government debt and government money that has a negative return for taxpayers.  It’s not sustainable, and the game is up. . . . I’ve been telling you for 15 years we were going to have a slow burn.  I am telling you that’s over, and we are now into controlled demolition.”

    Don’t expect the mainstream propaganda media to give you any warning or real information about what’s happening. Fitts contends, “The conundrum for a CNN is how do we get ratings?  How do we get attention without talking about the real news?  The real news is, since fiscal 1995, we have disappeared or bailed out or stolen over $40 trillion of our money.  If we are going to balance the budget, we need that $40 trillion or the assets thereon or the liabilities of the people who stole it back on the table, or else we’re toast.  If we can give $27 trillion to the banks, I can assure you we can afford $4 trillion of a pension fund bailout.  Mr. Global doesn’t want us to do the algebra.  This is like fourth grade math.  $27 trillion to bail out the banks, and we are not going to bail out the pension funds?  Where does that come from?”

    There is no argument for a big crash, the only question is when. Fitts says, “I think it’s more likely to happen in 2018.  If you look at the stock market, we are way, and I am tired of saying this, we are way, way overdue for a major correction.  If we do get this major correction, and that is perfectly natural, you don’t want to misinterpret that as a major crisis or event.  I think we are way overdue for a major correction, and I give that a reasonable chance between now and November.  If it doesn’t happen this year, it’s definitely going to happen next year.”
http://www.wnd.com/2016/08/6-5-trillion-missing-from-defense-department/

Click on image for article.

http://crooksandliars.com/2015/06/report-reveals-85-trillion-missing

Click on image for article.

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July 20, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

New Report Concludes The US Empire Is Collapsing

  • Published on Jul 18, 2017
    Get economic collapse news throughout the day visit http://x22report.com 

    Obamacare failed, it was being replaced with the same insurance, let it fail and then people will see the true nature of what this insurance ponzi scheme has created. New study and it shows America pays the most of insurance and it is dead last in providing health care to its people. Susan Rice and the creator of the dossier have backed out of testifying in front of congress. Legislation has been passed to go after human trafficking. US admits that NK does not have the capability to hit the US. Turkey close to signing deal with Russia for the S-400 missile system. Lebanon military preparing to take control of the border with Syria. The Pentagon releases new report, it concludes that the US empire is collapsing.

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July 19, 2017 Posted by | Economics, GeoPolitics, Medicine & Health | , , , , , , , , , , , , , , , , , , , , | Leave a comment

“The END GAME is Here”: No More Downside to Precious Metals — Andy Hoffman

  • Published on Jul 18, 2017
    Andy Hoffman says the recent Comex Commitment of Traders report was wildly bullish for precious metals. In fact, Andy says “I don’t think I’ve ever felt this way in the fifteen years in precious metals about what’s going on. There’s literally NO DOWNSIDE to precious metals.” Andy says the Federal Reserve is trapped and there is no way they can raise rates. “Ding dong the Fed and the precious metals bear market is dead. The end game has arrived.”

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

Deep State Democrats Plan To Overthrow Trump, Establish A One Party Dictatorship: 7/16/17 Full Show

  • Published on Jul 17, 2017
    Sunday, July 16: Building the Wall – The Trump administration has begun work on the border wall at a wildlife reserve near McAllen, Texas. We also look into how the GOP establishment keeps trying to save Obamacare and why it keeps failing. We also look at how the mainstream media is trying to deny the Trump agenda to the working-class Americans who put Trump into office, and how the people can fight back. Tune in!

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

Legendary Investor Predicts Worst Crisis In His Lifetime | Exclusive with Jim Rogers

  • Published on Jul 17, 2017
    https://sdbullion.com 

    http://www.silverdoctors.com/precious… 
    Legendary investor Jim Rogers says Western Civilization is going to collapse. Debt is higher than ever. Therefore, this crisis “will be worse than anything in our lifetime,” Rogers predicts. Governments, countries, and banks will fail, he says. How should we prepare? “If you start investing in things you don’t know about, I assure you you’re going to have real problems when the situation goes bad, “ Rogers warns, “Stay with what you know.” He expects agriculture to do well going forward. In the short run, he in is bullish on the U.S. Dollar and bearish on precious metals. But in the long run, he sees confidence being eroded in the Dollar, and more movement into gold and silver.

    Rogers expects governments to restrict the use of gold and silver when the crisis hits. Stay tuned to hear what country Rogers thinks will dominate the 21st century – it’s not the United States…

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

Bank Of England Warns “Bigger Systemic Risk” Now Than 2008

  • Bank Of England Warns “Bigger Systemic Risk” Now Than 2008
    by janskoyles, http://www.goldcore.com/uk/
    – Bank of England warn that “bigger systemic risk” now than in 2008
    – BOE, Prudential Regulation Authority (PRA) concerns re financial system
    – Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules
    – EU & UK corporate bond markets may be bigger source of instability than ’08
    – Credit card debt and car loan surge could cause another financial crisis
    – PRA warn banks returning to similar practices to those that sparked 08 crisis
    – ‘Conscious that corporate memories can be shed surprisingly fast’ warns PRA Chair

    Editor Mark O’Byrne
    Stark warnings have been issued by the Bank of England and its regulatory arm, the Prudential Regulation Authority (PRA). In less than one week the two bodies issued papers and speeches to warn industry members that many banks are showing signs of making the same mistakes that led to the 2008 financial crisis – the outcomes of which are predicted to be worse than those seen just nine years ago.


    Increased risks have been noted at different ends of the financial system, from the European corporate bond markets right through to retail lenders.

    The Bank of England’s ‘Stimulating Stress Across the Financial System’ was released last week. It looks at how it will assess risk in future studies on the European corporate bond market. It concludes that the corporate bond market could create more instability during the next financial shock than it did in the crisis of 2008.

    Just two days before this stark warning, the PRA’s chief-executive Sam Woods told lenders that they were on thin ice with their innovations designed to reduce their capital requirements and buoy earnings. Woods said that whilst their innovations “might meet the letter of the regulation” they must not be “designed to circumvent the spirit” of banking rules.

    Bank of England’s Woods accused banks of engaging balance sheet trickery to “circumvent the spirit” of post-financial crisis rules.

    Both warnings over both sets of practices is yet another reminder of the stark difference of interests between taxpayers, regulators and the banking industry. News of institutions circumventing regulations and non-bank corporate lenders creating more risk in the system begs the question if the financial system as we know it will ever be fit for purpose in terms of looking after the needs of borrowers and savers. It also rises concerns about how safe the banks are for depositors and whether banks are ‘safe for savers?’

    read more.

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

Jim Willie: Global Reserve Currency at Risk

  • Jim Willie: Global Reserve Currency at Risk
    by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
    Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the USDollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form, in a manner to highlight its importance.

    MEANING OF CURRENCY RESERVE
    The term is tossed around in common manner, often without an explanation of what it means. A strict meaning is followed by a practical meaning. The USDollar serves as global currency reserve, insofar as the USTreasury Bond is the standard for bank reserve core asset usage. Numerous countries have a core foundation to their national banking system. They maintain core assets and ratios. It is not gold bullion, but rather the USGovt debt. It is the USTBond denominated in USDollars. Of course, such practice is upside down and lunatic. Debt operating as core assets in the global banking system is utterly reckless, insane, and bound to force a systemic breakdown. Such is the heresy and risk from the banker cabal.


    The practical side of global currency reserve system is that trade payments are standardized as being executed in USDollar terms. A crude oil shipment, a grain shipment, a container vessel shipment, they are paid in USD terms, often with short-term USTreasury Bills. Also, international contracts like for consulting services or for installation of IT systems typically are written for payment in USD terms. As a result, the nations set to pay for a shipment or contract maintain huge USTreasury stores in their banking systems, ready to complete the trade payments.

    read more.

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

The Next Financial Crisis Will Wipe Out Most Paper Assets: Lynette Zang

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

Eurozone is Doomed Even with German and French Battle to Safeguard Its Future

  • Eurozone is Doomed Even with German and French Battle to Safeguard Its Future
    by HELENE PERKINS, http://www.express.co.uk/
    THE eurozone is on the verge of break up despite France and Germany’s battle to keep it intact, according to one of the world’s biggest investment banks.

    A warning has been fired over the future of the single currency bloc by a senior employee at Bank of America Merrill Lynch, which he says been falling apart since if was formed close to two decades ago.

    Emergency bailouts have been dished out to Greece and Portugal but richer countries, including Germany, have failed to redistribute wealth to poorer eurozone countries.

    Athanasios Vamvakidis, who is based in London and has worked for the International Monetary Fund for 13 years before going to work for the US bank, said the situation had led to a split between members and a rise in inequality.

    He said the stance changed during the global financial crisis but added “divergence seems to be the norm since the eurozone was formed.” Mr Vamvakidis said it was a “red flag for the sustainability of the eurozone” and warned poorer countries could quit the bloc due to mounting debt. He said: “Wouldn’t such countries want to have their own monetary policy at some point? “Wouldn’t populism find the common currency to be an easy target – which is already happening in some countries?”

    He added: “Without growth, debt could prove unsustainable in some countries and populism against the eurozone could find support in some cases, leading to exit of a country left behind. “The probability that a country, at the core or the periphery, may decide to leave under a populist leadership at some point in the future is not low, in our view.”

    read more.

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July 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

Ron Paul On The Coming Dollar Crash, Cashless Society & False Flags

  • Published on Jul 13, 2017
    Josh Sigurdson interviews former congressman and host of The Liberty Report, Dr. Ron Paul. Dr. Paul responds to the Federal Reserve’s Janet Yellen’s delusional claim that we will not see another major crisis in our lifetime. He updates everyone on his views regarding the coming fiat dollar crash as medias across the board put his comments out of context. The fundamentals are off the table due to the level of manipulation so one cannot put an exact date on the fiat crash, we just know it will indeed happen.


    Dr. Paul also goes into his thoughts on the cashless society we’re seeing unroll in front of us on a global scale. From India to Australia, from China to Canada, the implementation of cashless systems is a dire concern for many as many of the top globalist financiers endorse the notion of implementing it into the SDR (Special Drawing Rights) at the IMF. Ron Paul breaks down his thoughts on this out of control centrally planned system and whether he thinks it will be accomplished or not.

    Josh also asks Dr. Paul about the possibility of further false flags to bring the United States into a potential violent conflict with Russia as the media hypes the anti-Russia narrative all day, every day. This shows the true nature of the similarities between both collectivist Democrats and Republicans as they obsess over “Russian collusion” and attempt to create a distabilizing narrative between the U.S. and Russia. No matter who is president, the deep state continues to perpetuate everything we’ve seen in the past. The Trilateral Commission, the CFR, they all continue to map out global policy regardless of the figurehead president.

    Ron Paul gives a voluntaryist bottom line as to how he believes people can encourage more people to understand the message of individual liberty, free markets, sound money and freedom in general. 
http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

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

Click on image for article.

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July 15, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Nomi Prins: Easy Money Policy Allows for Another Crisis

  • Nomi Prins: Easy Money Policy Allows for Another Crisis
    by CRAIG WILSON, https://dailyreckoning.com/
    Nomi Prins joined The Foreign Correspondents’ Club of Japan in Tokyo to discuss the banking landscape and state of financial regulations in the Trump era. The central bank historian and financial expert also took a deep dive into the shifting relations between the United States and Japan and what easy money policy has meant for financial markets.


    The author began the discussion noting that, “A lot of things have happened in the past months in particular within finance and trade alliances amongst countries in the Trump era.”

    Speaking on the recent gathering of world leaders Prins’ notes, “One of the things that came out of the G20 is whether it is America last in terms of the alliances occurring today. The American first policy is pushing new diplomacy and agreements with countries that have not spoken with one another in the past. This is happening for two reasons. One, from a standpoint of protecting the commonality of the world. It is filling the gap between receding powers versus rising power. Two, it is an anti-protectionist move.”

    Prins’ then builds on easy money policy stating, “We still have a problem of banks that are too big to fail. We still have a problem where the initial financial crisis that happened ten years ago in the United States, that was the result of the banks being too large and too speculative… in using the guarantees that the U.S government has provided to bank depositors and the provisions provided in the Glass-Steagall. Those deposits have become a guarantee for banks to become bigger and a guarantee for financial crises to become something that the government subsidizes. Our Federal Reserve, our central bank, also subsidizes this.”

    read more.

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

Making Madoff Blush: How You’ve Been Deceived by The New World Incestuous Banking Scheme!

  • Published on Jul 12, 2017
    For the first time, The Maestro brings together two market analyst titans to the table to discuss Janet Yellen, monetary policy, principles of finance, a declining dollar, the future of pensions, precious metal hedges, and TONS of charts and data!

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

Dr. Jim Willie: Global Rejection of U.S. Dollar Is Coming

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