Socio-Economics History Blog

Socio-Economics & History Commentary

Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!

  • Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!
    by , https://www.milesfranklin.com/
    It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself.  The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and Euro currency as we know it.  Which, seven months later, appears more certain than ever – and perhaps, if this year’s Dutch, French, German, Italian, and Catalonian elections and legislative actions trend in the direction I anticipate, imminent.  Which I assure you, last night’s news will only hasten further.


    Moreover, it’s equally rare to see so many of my predictions borne out in real time; let alone, as today’s events were catalyzed by none other than Donald Trump himself, the most anti-establishment politician ever elected to a major Western political office.  To that end, I have written more of Donald Trump than any single person in my five-and-a-half years at Miles Franklin – who last night, confirmed why back in September I predicted a Trump victory would be the political, economic, and monetary equivalent of a “BrExit times ten.”  To the point that, at one of his rallies mere weeks before the election, he actually utilized that very term.

    In fact, in the past week alone, I vehemently espoused my views of why his Presidency, as initially opined in “BrExit times ten,” would be the best imaginable scenario for Precious Metal investors.   First, I taped the “Death of Trump-Flation” Audioblog on Wednesday – discussing my belief that few of his campaign promises were politically and economically viable; and fewer still, a net positive for America in the first place.  Which in reality, was a “sequel” of the “turning on Trump” Audioblog I taped in November, mere days after the election.  When, in the afterglow of having successfully avoided the election of the Wicked Witch of the West(ern Hemisphere) as President, I focused on the economic reality of what a Trump Presidency actually meant.

    Thus, when Trump “shocked the world” last night by claiming the dollar is “too strong”; and to boot, slamming the Republicans’ “border adjustment tax” proposal, in lieu of the hard-coated import tariffs he favors, he for all intents and purposes took the aforementioned “final currency war” thermonuclear; in the process, putting the gold Cartel on notice that his policies will unquestionably yield a dramatic surge in physical Precious Metal demand – particularly, here in America, where even the most die-hard, Keynesian-brainwashed investors will be forced to realize the dollar’s purchasing power is about  to be significantly devalued.  Not that it hasn’t already, of course.  However, in the past, such inflation occurred in a more “frog in a boiling pot” fashion, as markets were manipulated to deflect attention from the Fed’s dollar-destroying policies, whilst the “strong dollar policy” and other anti-gold propaganda was relentlessly spewed by the cast of Atlas Shrugged cartoon characters running the government, Central banks, and major financial institutions to keep investors away from the “barbarous relic” that is gold.

    Well, care of the “loose cannon” himself, the gold Cartel – and the entire world political, financial, and monetary order – has been “put on notice” that the U.S. no longer intends to even pretend it has a “strong dollar policy”; and to the contrary, may well devolve into the same, overt currency depreciation policies made famous by the Japanese; Europeans; Chinese; and heck, every Central bank.  This, at a time when the global “war on cash” is exploding; and the inexorable Bitcoin emergence is making a clear statement that the world’s populace no longer believes “money” is what it once was.  In other words, as I wrote last week, the death throes of “money” are becoming eminently visible – making it more and more likely that the inevitable “run” from worthless fiat; and into “priceless” Precious Metals”; is rapidly approaching – like a runaway train, careening down an icy hill with no breaks.

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9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

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

Click on image for article.

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

Lior Gantz: Financial Derivatives War Could Bring Down Global Economy. Grave Danger Elite Bankers Might Make Trump Fail

  • Lior Gantz: Financial Derivatives War Could Bring Down Global Economy. Grave Danger Elite Bankers Might Make Trump Fail
    by Greg Hunter’s USAWatchdog.com
    Financial expert Lior Gantz says there is good news and bad news for the economy with the election of Donald Trump. Gantz explains, “If he changes the equation, it could cause a lot of inflation in the U.S.  U.S. banks are so liquid and have so much excess cash because of TARP programs and QE programs that this could prompt them to start lending, and lend to the wrong people.  It could prompt the government to start issuing increased food stamps, universal unemployment checks and all kinds of stuff that can create large inflation in the U.S.  So, that is one side that is problematic.  The other side is very spectacular for the U.S. economy because Trump is doing a lot of things that should have been done years ago:  deregulation, cutting back on taxes, cutting the red tape and making sure that businesses are more comfortable with opening new branches in the U.S.  The best indicator of this is the Russell 2000 index that is up much more than the Dow because the small cap companies are mostly based in the U.S., and the large cap companies are international.”


    Gantz warns that problems could be caused by central banks either by accident or on purpose. Gantz, who was a money manager for the wealthy, says, “I would even say that there is real grave danger that the government or the elite banking system will create problems.  I will even say they might even make Trump fail.  They might do something to his disadvantage on purpose because he’s not mainstream, because he’s not them.  He came out of nowhere, and he was not backed like Hillary.  That is also baked in the cake, and it is what we call a black swan.”

    So, if push comes to shove, will the global elite allow deflation or will they trip the inflation button? Gantz, who specializes in resource stocks, says, “They will trip the inflation button.  They will not allow deflation to happen in the U.S., and I will tell you why.  They feel like they are invincible, and they can’t admit failure.  They will never admit, hey, we have done this wrong.  QE programs were wrong.  Negative interest rates were wrong.  They will not come out and say it.  They will do whatever it takes to play their end game.  They honestly don’t care about the average person.  That’s the last thing on their mind.  They care about their lifestyle and the way they live life on the toil, sweat and energy of the people who really create the economy and innovation.”

    Gantz also warns of a possible derivative war between top bankers that could bring the global economy down. Gantz contends, “Once somebody begins to change the way they look at derivatives, and start using derivatives as a weapon . . .  they’re going to fight between each other.  These are nasty people that all they care about is what they make in cold hard cash to take home.  They really could start a derivative war that would not be beneficial for anyone.  It would be more violent than an orchestrated derivative explosion that I really don’t think is possible.  The derivative market is so big that it is out of the control of anybody.”

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January 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Our Standard Of Living Is Coming To An End, Expect A 30-50% Drop: Bill Holter

January 3, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

2017 Predictions on Trump, Gold, Silver, Housing, Stocks, Bonds & Antarctica: Clif High

  • 2017 Predictions on Trump, Gold, Silver, Housing, Stocks, Bonds & Antarctica: Clif High 
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Internet data mining expert Clif High says forget about the rumors and predictions of Donald Trump being blocked from taking office. High says Trump will be sworn in as the 45th President and explains, “I don’t have any data that says, hard stop, Trump is assassinated.  I don’t have that . . . . I am willing to back my data with real money, an ounce of silver, and I have an ounce of silver, and I would be willing to bet the inauguration part goes through smoothly given the emotional data sets we have now.”

    High, who calls what he does “Predictive Linguistics,” mines the internet and collects billions of data points to produce forecasts of the future.  On the financial markets, High simply says, “We’re screwed. . . . The equity markets in our data sets are highly manipulated.  So, if you ask will there be a crash?  I say there already is a crash.  Everybody that is not part of the financial system at the top end is currently living in a depression, and the media does not acknowledge this.”

    On the U.S. dollar and its purchasing power, High predicts, “The purchasing power is going to be eroded away fairly quickly. I suspect the erosion (of the U.S. dollar) is going to start in March or so. . . . The turning point for the Trump euphoria will hit at the end of February and carry on through March and April.  There will probably be people that will define this as a crash. . . . In our data sets, around March and April, the erosion of the dollar continues . . . The Fed, in a laggardly way, starts to chase interest rates. . . . We may jump to 9% or 10% interest rates as quickly as March or April.”

    On Real Estate prices, High’s data tells him the entire market will eventually “fall by 90%.” High explains, “The language is about the high end crashing first, and then, it meets the middle tier, and then they crash to meet the lower tier.  So, it’s not going to be the high end coming down and then stabilizing.  We are seeing a generalized property price crash that is really just going to coincide with the inability of the banks to circulate enough money and create enough debt to blow the balloon up again.  Real estate will drop for what I am calling a credit freeze for lack of a better word.”

    On Gold and Silver and Bitcoin, High says they will start moving up at the beginning of the New Year, and Obama will see the beginnings of a market crash before he leaves office. High contends, “Our data sets show that there is a lot of upward pressure on Gold and Silver and Bitcoin as the currencies go into a crisis mode. That basically is already happening.”

    High’s data is pointing to Silver and Gold prices starting to takeoff in early 2017. High says data is showing a possible “$600 per ounce price for Silver” at some point.  High says before that happens, he sees “$125 per ounce” price for Silver on up to “$345 per ounce.”  High’s data also repeatedly says the “gold price per ounce will eventually be equal to the Dow.”

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January 2, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

It’s The Dollar, Stupid!

The_Death_of_King_Dollar

  • It’s The Dollar, Stupid!  
    by Paul Brodsky via Macro-Allocation.com, http://www.zerohedge.com/
    We think the markets have it fundamentally wrong. US investors are anticipating a cyclical shift towards economic expansion via new tax incentives, business de-regulation and Keynesian government spending that promise to increase output, demand and asset prices. However, there is a far more influential driver of future asset prices – a structural shift that has begun but has yet to be acknowledged by economic and political authorities, and, judging by financial asset markets, by most investors. We expect weak equity markets and a strong treasury market beginning in 2017.


    It’s the Dollar, Stupid.
    The financial model used by advanced economies since 1971 is quickly losing its ability to support economic growth and rising asset prices.1 Western economic policy, which had previously relied heavily on credit creation from 1971 to 2008, was replaced in 2009 by monetary policy that relied heavily on base money creation through asset purchases. The structural shift in central bank focus from credit to monetary creation marked a paradigm shift in the decades-long finance-based economic model – from the leveraging phase to the de-leveraging phase.

    We expect debt deflation coincident with central bank monetary inflation, which would offset the deflation…on paper (like feet in the oven, head in the freezer producing a reasonable average). Before this occurs, we expect a financial or economic event that focuses public attention on the leverage problem.

    We expect global monetary authorities to protect the dollar as long as they can and we expect them to fail. Stocks and bonds will react violently; stocks and weak credits falling, treasuries prices rising (at first). That failure will lead to hyperinflation – not driven by demand, but rather by central bank money printing. A new global monetary understanding will then emerge.

    We expect weak equities and a strong treasury market in 2017, as they begin to discount this fundamental structural shift.

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December 29, 2016 Posted by | Economics | , , , , , , , , | Leave a comment

Jim Willie on The American Freedom Radio – The Ochelli Effect

December 27, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: 2017 Economic Outlook

http://www.amazon.com/The-Manufacturing-President-Insertion-Barack/dp/1478260645

Click on image to goto Amazon.

  • Published on Dec 26, 2016
    WWW.TRUNEWS.COM

    12/26/16: Jim Willie, 2017 Economic Outlook
    Will the legacy of Barack Hussein Obama be a world left in chaos? Today on TRUNEWS, Pastor Rick Wiles interviews economist Jim Willie regarding what his sources have shared about the economic outlook of 2017. Pastor Rick will also hear Jim Willie’s opinions on the real background of the Obama family, the derivatives disaster unfolding on Western banks, and the developments toward a global cashless society. Source:

    https://www.spreaker.com/user/trunews…
http://www.infowars.com/bombshell-barack-obama-conclusively-outed-as-cia-creation/

Click on image for article.

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December 27, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: The U.S. Dollar And The Loss of Global Reserve Status

  • Dr. Jim Willie: The U.S. Dollar And The Loss of Global Reserve Status 
    by https://thelastgreatstand.com/ 
    In the video above, you’ll find the continuation of my interview with Dr. Willie from the post titled, U.S. Dollar’s Status as the Global Reserve Continues To Lose Credibility. In the first half of the interview, you heard Dr. Willie voicing his own frustrations with how hard it is to convince people he cares about that dire economic times are on the horizon, especially when on the surface market conditions are giving off the appearance that everything is great, largely because new all-time highs continue to be reached almost weekly! 

    In the article that accompanied the first half of the interview with Dr. Willie, it referred to“Trumphoria,” a phenomena describing people who were once preparing for the impending global collapse, but have somehow been duped into believing that a Trump presidency can turn around decades of poor monetary policy. Those people are sorely mistaken! That’s not a knock on Trump’s ability either. The simple fact is that our nation has accumulated the largest mountain of debt the world has ever seen, and as Dr. Willie explains, our status as the World Reserve Currency is almost at an end. 

    read more.

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December 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Big Money Placing Bets On A Financial IMPLOSION?

  • Published on Dec 22, 2016
    https://sdbullion.com/silver 

    http://www.silverdoctors.com/precious… 
    Doc & Dubin Are Back, Breaking Down the Chaotic Market Action:  

    *This Time Eric Is Worried: Bond Crash To Trigger A Blow Off Top in Precious Metals Within 2 Years?
    *”I’ve Never Seen Anything As Insane As What We’re Seeing Right Now- Things Are Gonna Break In 2017″
    *Italian Banking Crisis: FX Markets EXPLODE
    *Eric Catches A RED FLAG: Big Money Placing Bets On A Financial IMPLOSION?

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

Egon von Greyerz: Inflation, Stagflation, Hyperinflation & Deflation — All at the Same Time

  • Egon von Greyerz: Inflation, Stagflation, Hyperinflation & Deflation — All at the Same Time
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Financial expert Egon von Greyerz (EvG) says, “Bond markets around the world are in the biggest bubble in history.” EvG thinks when it blows up, we are going to get hit with everything in the financial horror house.  EvG explains, “We are guaranteed to have ‘flation.’  There will be inflation, stagflation, hyperinflation and deflation.  We will have all of that.  At the same time, a lot of prices will be inflationary or hyperinflationary, at some point, as they print more money.  We will also have deflation of debt and deflation of more of the bubble assets that the credit bubble has created.  Debt will implode and also property and stocks.”

    EvG goes on to add, “I know a lot of people have been buying into this Trump rally, which I find amazing in my view. The overvaluation on the U.S. stock market is just incredible.  The Shiller P/E ratio is now around 27.   It’s over 50% above the average, 50% above the average.  The value of the S&P to GDP is something like 75% above the average.  You are looking at massively overvalued stock markets, and people are buying into this.  It’s the absolute perfect trap.  I don’t see these stock markets staying at these levels for very long.  I think they are going to be turning soon.”

    On gold, EvG, who vaults gold for wealthy clients, says, “Gold is mainly going down because of the dollar. Since the Fed decision last week, gold has not really gone down in euros or Swiss Francs.  It’s gone down in these currencies only a fraction, maybe. . . . The dollar is just temporarily strong because of higher interest rates.  I think in 2017, the dollar is going to be the currency that will fall the most.”

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December 19, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: The Great Currency Shock

December 13, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Leave a comment

John Williams: Hyper-Inflation & Complete Demise of Dollar Coming

  • John Williams: Hyper-Inflation & Complete Demise of Dollar Coming  
    by Greg Hunter’s USAWatchdog.com
    Economist John Williams has been forecasting a dollar selloff for a few years. It now looks like the manipulators are running out of options to keep propping up the U.S. dollar.  Williams explains, “I think we are going to see massive dollar selling ahead.  We have problems here not just with the economy, but you have the Fed faced with a circumstance where the U.S. banking system and the global banking system was threatened with collapse in the panic of 2008.  The Fed and the Treasury decided they did not want the system to collapse. . . . All they did was buy time.  Now, that time has basically run out.  The economy has not turned around.”


    One major indicator Williams looks at to see if the economy is getting better is the good old fashion help wanted ads that have now moved online. What does Williams see there?  Williams says, “Beginning this year, it turned down and is negative year to year.  It has just been plummeting, and it took a big hit in November.  That is a leading indicator, and it shows that the economy is getting worse, and it is going to be worse in the near term.”

    So, as the economy turns down, the banks will come under pressure. Williams predicts, “Solvency stresses on the banks will mount.  The Fed will come back as it needs to keep the banks afloat, and at the same time, it will also hit the funding needs of the U.S. Treasury.  The weak economy means the tax revenues fall off, and then you will tend to see stimulus packages which tend to widen the deficit.  Then, you will need to borrow more. . . .  You are going to see a big widening of the trade deficit, which again is going to pressure the dollar.  You have a confluence of factors now that are going to be working against the dollar, working against the U.S. economy and working against the solvency of the U.S. banking system.   The Fed will give preference to the banking system, and as they move into a new easing mode, that’s going to kill the dollar and spike inflation.  They will save the banks against any concerns about the dollar and inflation.  They have to keep the banks afloat.”

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December 7, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Sinclair: Financial Pressure Cooker Bomb Cooking Now

  • Jim Sinclair: Financial Pressure Cooker Bomb Cooking Now  
    by Greg Hunter’s USAWatchdog.com (Early Saturday Release)
    Legendary gold and market expert Jim Sinclair says, “Markets do not exist anymore . . . and you can’t time what does not exist.” Sinclair contends a huge transition is underway, and the old system cannot be fixed. A new one is on the way, and the old one is going to end with a bang.  Sinclair explains, “Right now, they’re eating each other, and the eventuality is, getting back to the steam pot, there is going to be a day when there is only going to be one shark left, one very fat shark left, and what happens next?  That shark starves to death because it ate all the food.  So, the end of this is the explosion of that steam cooker which is called capitalism.”

    Sinclair goes on to point out, “The over-the-counter derivatives have grown massively beyond world money availability. This has no precedent.  We have killed capitalism.  Thanks to the high tech guys, they have shot the goose with the golden egg.  In the markets, if you go in and look at the New York Stock Exchange when I was down there, you’d have thousands of people there.  Now, you’ve got 35 maybe.  The market is killed, and there is no market in anything–including gold or silver except as it’s utilized to try to put some sense and rescue back into the whole system because there is no other alternative.  This is what Trump has inherited. . . . If rates (on the 10-year Treasury bond) break 3%, it’s going to turn the algorithms away from everything else and on to one thing, the largest market in the world—interest rates.  You are going to see the fastest moving interest rates just like when Trump was elected.  That’s what the interest rate market is going to look like.  That’s going to have an impact on every single derivative out there because every derivative out there has an interest rate criteria.  So, you have a pressure cooker bomb cooking like the terrorists use.  It’s cooking, and it makes gold a storehouse of value and not a currency.   It’s just a storehouse of value.  It turns it into a savings account.  The only one that will work.  The only one without a counter-party.  The only one that doesn’t need a market that can trade in physical (metal) and huge size physical.  China and Russia are not buying gold as some sort of investment.  They are buying it as a policy because they see clearly that is no tool left in anybody’s toolbox to fix what the geeks have done.  They have killed us, and they have killed themselves.  There is one fat shark out there that is now about to experience starvation.”

    In closing, Sinclair says, “When it’s all said and done, there will be a catastrophic big bang, and then the only thing that will be left is your savings account. Your savings account is not silver, although it will outperform gold, your savings account is going to be gold.  It’s going to happen because all currencies, even the roaring dollar, are falling in terms of being a storehouse of value.  Capitalism is finished.  I can’t tell you what the next system will be, but capitalism is over because the heart of capitalism is markets.  Without markets, you cannot have a capitalistic system—it’s over.”

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December 5, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

During The Economic Reset People Are Going To Feel The Pain Of A Collapsing Economy: Andrew Hoffman

December 1, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

James Rickards | The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

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

Click on image for article.

http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

Click on image for article.

http://americanfreepress.net/?p=1263

Click on image to goto article.

Ron_Paul_Merger_of_ECB_FedRes_BOJ_WorldCentralBank

http://www.thenewamerican.com/world-news/item/13126-the-united-nations-on-the-brink-of-becoming-a-world-government

Click on image for article.

Carroll_Quigley_Tragedy_n_Hope2

December 1, 2016 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , , | 1 Comment