Socio-Economics History Blog

Socio-Economics & History Commentary

Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads

  • Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads
    by Greg Hunter’s USAWatchdog.com
    Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”


    The International Monetary Fund (IMF) has just warned on the profitability of nine huge global banks. Some say they equal nine possible Lehman Brothers, which was the financial institution that started the 2008 meltdown. Is the IMF terrified of the slightest correction in the markets? Dr. Roberts says, “I think so, yes, because it’s not based on reality. It’s based on massive liquidity. So, it’s full of all kinds of dangers.”

    The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack. If for some reason people said, hey, we don’t want the dollar anymore, and they started moving out of dollars into other currencies or into something else, if they cease to hold assets in dollars, if that happened, the Fed would have to try to raise interest rates to support the dollar. Then you could see that everything could come apart. If the interest rates would go up, there would be all kinds of derivatives that would not be sustainable. The stock market would collapse. It would be a mess. It would be an utter mess. That’s what the IMF is worried about. It’s a messy situation. How do you get out of it?”

    How does Dr. Roberts say people should protect themselves? Dr. Roberts says, “I would not be in debt.”

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October 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

China Dollar Dump Means Hyperinflation – Chris Martenson

  • China Dollar Dump Means Hyperinflation – Chris Martenson
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Resource analyst and futurist Chris Martenson says everyone should be taking notice of our “dangerous markets.” At the center of the danger zone is the declining U.S. dollar.  Martenson explains, “We are talking about a steady erosion of the dollar as a reserve currency.  I think that is most likely.  The only thing that could make that really go fast is some kind of war.  The United States and China, we got to keep our eye on this because Trump has been threatening a trade war with China.  China responded and said if you do that, we may dump the dollar. . . . So, there is all this trade and financial back and forth and maybe even actual war at some point. . . . China has the ability to really impact the dollar in a big way on the world stage.  We better hope it does not come to that because a slow erosion we can adjust to; a quick erosion is going to really roil the markets and maybe blow a few of them up.”

    Martenson contends the U.S. could see hyperinflation in a short time if China “dumps the dollar.” Martenson explains, “The way that works is let’s say they want to unload $500 billion on some Tuesday morning.  Who is going to buy that $500 billion?  Who is on the other side of that trade?  Well, if there are not enough people bidding for those dollars, the price has to fall until you find enough people to absorb those, and the dollar would fall in value against all other sorts of other things such as other currencies, oil, gold, silver and all those things. . . . We would be looking for a paired event.  What we would be looking for is interest rates starting to rise on Treasuries and the dollar starting to fall in value in value against a variety of things.  Once we see those two things, we know we have a financial war or a monetary war. . . . That’s what blows up the derivatives market.  That’s what makes difficulties for traders.  That’s what makes the high frequency computers say I don’t like this and bolt and instantly evaporate from the markets.”

    read more.

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

The Petro-Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency — James Rickards

  • Money Master Published on Sep 10, 2017
    The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency

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

Everyone Will Need To Insure Their Wealth As The Dollar Dies: Edward Karr

August 28, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: Central Bankers & Insiders Want a Controlled Demolition System Reset?

  • Published on Jul 25, 2017
    Jason Burack of Wall St for Main St welcomes first time guest, former Wall St stock broker and Chief Market Strategist at ITM Trading https://www.itmtrading.com/, Lynette Zang. Lynette’s articles, videos and other interviews are available here: 


    https://www.itmtrading.com/blog/lynet…

    During this 30+ minute interview, Jason starts off by asking Lynette if she thinks global central banks are in a currency war or if there’s a coordinated devaluation carousel going on? Lynette says there’s both a currency war and a coordinated devaluation happening.

    Jason and Lynette discuss how central banks like the Swiss National Bank run currency pegs and how they are buying up large amounts of assets like stocks and essentially turning themselves into hedge funds.

    Next, Jason asks Lynette about the velocity of money chart she shows on her other video interviews. What is the velocity of money? Why has it collapsed? Lynette thinks that asset prices have already had a hyperinflation and that eventually the velocity of money or as Art Cashin calls it “lending and spending” will pick up in the real economy and inflation will accelerate. This has been done to fight deflation. If the velocity of money doesn’t pick up, Lynette and Jason both expect stagflation in the real economy to get worse.

    Jason then asks Lynette what stagflation is? Jason and Lynette discuss how stagflation, or high inflation and high unemployment, are not supposed to occur simultaneously according to the Phillips curve in Keynesian Economics.

    To wrap up the interview, Jason asks Lynette why gold and silver prices haven’t risen despite everything crazy happening in the global economy and with geopolitics. Lynette says there’s clear paper price manipulation of gold and silver prices, but smart money insiders are buying up high value and high rarity gold and silver numismatic coins.

    Lynette thinks in a “race to debase” global central banks and other economic and political insiders are doing a controlled demolition until the next global financial system is implemented via some kind of a reset. 

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July 31, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off on Lynette Zang: Central Bankers & Insiders Want a Controlled Demolition System Reset?

‘The Threat is Coming from Washington Not Venezuela’ – Analyst

  • Published on Jul 28, 2017
    Venezuela is preparing to go ahead with the election of a constituent assembly to update the country’s constitution. Four months of civil unrest have led to over 100 deaths. Mark Weisbrot, co-director at the Center for Economic and Policy Research, joins RT America’s Manila Chan to discuss Venezuela’s intensifying political crisis.

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July 29, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | Comments Off on ‘The Threat is Coming from Washington Not Venezuela’ – Analyst

Maduro: US Started Indirect Blockade Against Venezuela’s Financial System

  • I do not trust the Venezuela government also.
  • Published on Jul 27, 2017
    The US must abandon its interventionist policy towards Venezuela and steer clear of the internal affairs of other Latin American countries, Venezuelan President Nicolas Maduro said in a message to Donald Trump while speaking to RT.
http://www.counterpunch.org/2011/09/28/the-u-s-southern-command-the-4th-fleet/

Click on image for article.

http://www.argentinaindependent.com/currentaffairs/newsfromlatinamerica/fourth-fleet-strides-back/

Click on image for article.

http://www.counterpunch.org/2008/05/24/u-s-fourth-fleet-in-venezuelan-waters/

Click on image for article!

http://www.canada.com/topics/news/world/story.html

Click on image for article!

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July 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off on Maduro: US Started Indirect Blockade Against Venezuela’s Financial System

We Are Going To See A Huge Crisis That Will Bring Down Currencies & Governments: James Wesley Rawles

June 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Comments Off on We Are Going To See A Huge Crisis That Will Bring Down Currencies & Governments: James Wesley Rawles

When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter

June 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off on When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter

Clif High: Crypto Currencies Break Loose, then Gold & Silver

  • Crypto Currencies Show Global Reset Underway – Clif High
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Internet data mining expert Clif High has just finished an in-depth dive on crypto currencies such as Bitcoin. High uses what he calls “predictive linguistics” to spot trends and make predictions for future events.  With the latest price spikes in so-called blockchain type crypto currencies, what does Clif High see with his latest Internet mining report?  High reveals, “We are not at a period of time where we are valuing one store of wealth, Bitcoin against a store of debt, the dollar.  We are, instead, looking at an episode of hyperinflation. It is an episode where a great many people lose faith in the dollar, and they rush into Bitcoin and other crypto currencies. . . .   There are people coming in and out of the crypto space based on the degrading levels of confidence in the U.S. dollar.  So, we are at a global currency reset at this point. There will be no Bretton Woods conference.  There will be no G-7 central bank meeting that will be meaningful because these individuals are behind the curve.  The curve is being led by all the people as they lose confidence in all of the fiat currencies. . . . We have demonstrable proof that the managers of the dollar are very bad at it.  Lots of people understand this, and they want out of the dollar and into something else.”

    On charges things like Bitcoin are nothing more than a Ponzi scheme, High rebuts, “We are at a flux point where one system is dying off and we are just about to head into the other one. As we go into that transition, this point of time we are in right now is where all of this is coming up, all the froth, all of the corruption globally, because we can’t pay for it any more with dying dollars.  You can’t bribe people with dying dollars.  We have to have good solid money, and we are developing it on our own because the sovereigns failed us.  When the sovereigns failed to supply wheat, then the French Revolution happened and off with their heads.  We can’t take being starved by a bunch of butt heads at the top.  “We the People” can tolerate a great deal, but the body politic is self-correcting. . . . In this case, we have decided the butt heads in charge of the Fed and body politic have to go because those guys are just too corrupt, too criminal, and they are in our way. . . . Both the dollar and the banks are doomed, and I am not messing with those.”

    read more.

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June 5, 2017 Posted by | Economics | , , , , , , , , , , | Comments Off on Clif High: Crypto Currencies Break Loose, then Gold & Silver

This Is Why The Dollar Empire Is About To Fall

  • Published on May 31, 2017
    The EU is pushing the UK to pay for everything to leave. This is more about trying to keep the UK from leaving. Banks are now reporting that revenue will be much lower now and moving forward. Chicago PMI declines but then they issued a correction and it increases.Pending home sales implode. The Fed says its impossible to spot bubbles, Bernanke said the same thing right before the bubbles popped in 2008. The tech bubble is starting crack, outlfows are being reported. Mauldin warns we are headed to a major reset. Fitch warns the biggest threat to the dollar is within the US, the empire will fall if these pieces of legislation are passed.

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June 1, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on This Is Why The Dollar Empire Is About To Fall

Lindsey Williams : Warning – The Stock Market PANIC MELT UP Followed by Historic Collapse Summary

May 29, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off on Lindsey Williams : Warning – The Stock Market PANIC MELT UP Followed by Historic Collapse Summary

Free Money: Mark Zuckerberg Suggests That All Americans Should Get A ‘Universal Basic Income’

  • Want free money from the GMan? Get microchipped with RFID ‘666’.
  • Free Money: Mark Zuckerberg Suggests That All Americans Should Get A ‘Universal Basic Income’
    by Michael Snyder, http://theeconomiccollapseblog.com/
    Should everyone in America receive a “basic income” directly from the federal government?  Considering the fact that we are already 20 trillion dollars in debt, such a concept may sound quite foolish to many of you, but this is an idea that is really starting to gain traction in leftist circles.  In fact, Facebook CEO Mark Zuckerberg suggested that this was something that we should “explore” during the commencement speech that he just delivered at Harvard.  For quite a while it has been obvious that Zuckerberg is very strongly considering a run for the presidency in 2020, but up until just recently we haven’t had many clues about where he would stand on particular issues.  If he is serious about proposing a universal basic income for all Americans, that would make Zuckerberg very appealing to the far left voters that flocked to the Bernie Sanders campaign.

    Yesterday, I discussed the fact that the number of Americans that are receiving money from the government each month has reached an all-time high, but Zuckerberg would take things much farther.  According to Zuckerberg, society would be far better off if everyone got an income from the government

    “Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” Zuckerberg said during his speech. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

    Zuckerberg said that, because he knew he had a safety net if projects like Facebook had failed, he was confident enough to continue on without fear of failing. Others, he said, such as children who need to support households instead of poking away on computers learning how to code, don’t have the foundation Zuckerberg had. Universal basic income would provide that sort of cushion, Zuckerberg argued.

    read more.

Yellen: “I need bigger and more helicopters!”

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May 27, 2017 Posted by | Economics, Social Trends | , , , , , , , | Comments Off on Free Money: Mark Zuckerberg Suggests That All Americans Should Get A ‘Universal Basic Income’

The Push Is On, Free Money For Everyone As The System Breaks Down

  • Published on May 26, 2017
    UMich confidence, expectations and what is really happening in the economy are all headed in different directions. San Francisco housing declines as more people decide to leave the area. Core durable goods decline. The revisions are in for the Q1 GDP, they have now been pushed up to 1.2%. Arizona Governor signs bill which will exempt gold and silver from taxation from the IRS. The deep state pushes the idea of free money for everyone as the system breaks down. China has been using the FIAT system to spend as much as possible before the collapse.

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May 27, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on The Push Is On, Free Money For Everyone As The System Breaks Down

Realist News: Lindsey Williams — Market Melt Up DVD Summary

May 26, 2017 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on Realist News: Lindsey Williams — Market Melt Up DVD Summary