Socio-Economics History Blog

Socio-Economics & History Commentary

Our Financial Market Are ALL Connected, NONE Will Be Spared !

  • Published on Mar 26, 2015
    Gary Christenson of the Deviant Investor joins the podcast to discuss the impending economic collapse of the US economy and the demise of the Dollar.


    Quoting a recent blog entry by Bill Holter, Christenson says, “What we have coming is a collapse of everything we have worked for and everything we’ve built and saved over our lifetimes and that of our ancestors.”

    Gary’s empirical model for precious metals suggests a $10,000 price for gold by 2021 and that’s IF the Dollar doesn’t collapse by that time and IF we don’t hit hyperinflation first. In those two scenarios the price for gold could easily rise orders of magnitude higher than $10,000 per ounce when priced is Dollars.

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March 27, 2015 Posted by | Economics | , , , , , , , , , , , , | 1 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 

    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.

    “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

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.”

    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.”

    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.”

    read more!

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

Laurence Kotlikoff: Financial System Will Collapse Just a Matter of When!

  • Laurence Kotlikoff: Financial System Will Collapse Just a Matter of When! 
    by Greg Hunter’s USAWatchdog.com
    Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget.  How bad is it?  Kotlikoff says, “I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year.  Almost all the liabilities of the government are being kept off the books by bogus accounting. . . . The government is 58% underfinanced . . . . Social Security is 33% underfinanced . . . . So, the entire government enterprise is in worse fiscal shape than Social Security is, but they are both in terrible shape.”  So, how much is America on the hook for in the future?  Kotlikoff contends, “If you take all the expenditures that the government is expected to make, as projected by the Congressional Budget Office (CBO), all the spending on defense, repairing the roads, paying for the Supreme Court Justices’ salaries, Social Security, Medicare, Medicaid, welfare, everything and take all those expenditures into the future . . . and compare that to all the taxes that are projected to come in, and the difference is $210 trillion.  That’s the fiscal gap.  That’s our true debt.”

    Professor Kotlikoff goes on to say, “It will collapse.  It is just a matter of when.  I can’t say when, but all I can say it’s going to be too late. . . . We are seeing signs of this in the economy, but we are not picking it up that clearly.  The macro economy is not doing all that well.”  Kotlikoff goes on to say, “I think our financial system is really built to fail because it combines two things which really haven’t been addressed. . . . It combines leverage, borrowing by the financial middlemen and then investing in things that they don’t tell you they are investing in.  So, there is opacity and leverage.  These are the two major problems for the banking system.  What we need to do is get rid of the leverage and get rid of the opacity.  We need full disclosure of the investments of our financial institutions.”

    Where can you get a safe investment?  Kotlikoff says forget U.S. Treasury bonds.  “I think they are one of the riskiest securities in the world because interest rates are likely to go up.  I think the Fed is going to have to keep printing money because Congress isn’t paying our bills, and that’s going to lead to inflation eventually.  So, I think long term Treasuries are extremely risky, and they can drop 5%, 10% or 20% overnight.  That could put my bank that was viewed as perfectly safe today out of business.  So we could have inflation take off and interest rates go up.  We could have banks fail, and that could lead to runs on other banks.  That’s the scenario,” says Professor Kotlikoff.

    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

Warren Pollock: We Are Headed for War Because There Is No Truth!

  • Warren Pollock: We Are Headed for War Because There Is No Truth! 
    by Greg Hunter’s USAWatchdog.com
    Wall Street analyst Warren Pollock said six months ago that the “damage control (about the bad global economy) was going to start to wear off in 2015.”  What are the signs the spin is wearing off?  Pollock says, “Go to your super market, and that is a sign the damage control is wearing off.  Prices are going up, and the quality of food is going down.  The numbers of ounces on each package are going down . . . This is the damage control wearing off.  A lot of people don’t have that purchasing power, and they won’t have that purchasing power in deflation or inflation.  When framing an issue, why do we even frame it as inflation or deflation?  Why not just talk about purchasing power?  Ask our government, how come my purchasing power has gone away.  Why do I have to take a seven year loan to buy a car?”

    Pollock contends we are headed for a big failure and says, “For sure, and the small failures are expressing every single day, and they are absolutely noticeable if you care to notice them. . . . Look at the legislation they are passing.  Look at changes to the law in terms of banking and derivatives.  Before the mortgage blowup, we had changes to the bankruptcy law.  Before student loans blew up, there were changes to the bankruptcy laws.  Before derivatives blow up, there are changes to the law and how they are handled by the FDIC.  They just did that in December.  That’s predicting a coming derivatives market failure absolutely.”

    Pollock goes on to say, “We might have a dramatic inflection point such as a nuclear reactor exploding or a war with Pakistan.  That is an area where the press sort of leaked out the reality.  They did this in a show called “Homeland,” and they were smacked down because they were talking about Pakistan.  They were told not to talk about Pakistan.”

    read more!

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March 13, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk!

Dollar-burning-Hamilton_fire

Dollar is on fire!

  • The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    Are we on the verge of an unprecedented global currency crisis?  On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years.  And the U.S. dollar continues to surge against almost every other major global currency.  The U.S. dollar index has now risen an astounding 23 percent in just the last eight months.  That is the fastest pace that the U.S. dollar has risen since 1981.  You might be tempted to think that a stronger U.S. dollar is good news, but it isn’t.  A strong U.S. dollar hurts U.S. exports, thus harming our economy.  In addition, a weak U.S. dollar has fueled tremendous expansion in emerging markets around the planet over the past decade or so.  When the dollar becomes a lot stronger, it becomes much more difficult for those countries to borrow more money and repay old debts.  In other words, the emerging market “boom” is about to become a bust.  Not only that, it is important to keep in mind that global financial institutions bet a tremendous amount of money on currency movements.

    According to the Bank for International Settlements, 74 trillion dollars in derivatives are tied to the value of the U.S. dollar, the value of the euro and the value of other global currencies.  When currency rates start flying around all over the place, you can rest assured that someone out there is losing an enormous amount of money.  If this derivatives bubble ends up imploding, there won’t be enough money in the entire world to bail everyone out.


    Do you remember what happened the last time the U.S. dollar went on a great run like this?

    As you can see from the chart below, it was in mid-2008, and what followed was the worst financial crisis since the Great Depression…

    read more!

Dollar-Index-2015

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March 12, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Ukraine to Spend Last of Its Money on New Arms – German Media

http://sputniknews.com/europe/20150310/1019316158.html

Click on image for article!

bankster_war_debt_creation_financing_both_sides

March 12, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Six Days Until Bond Market Crash Begins?

FOMC-FedRes_meeting

  • I do not submit to the view that “Cash is King”. All paper assets will collapse in value. The safe haven is physical gold and silver.
  • Six Days Until Bond Market Crash Begins?! 
    by EconMatters 
    Run for the Exits
    Today early in the morning,  realizing this was going to be a robust selloff in equities, the ‘smart money’, i.e., the big banks, investments banks, hedge funds and the like, ran to the old staple of buying bonds hand over fist with little regard for the yield they are getting paid for stepping in front of the freight train of rate rises coming down the tracks. FOMC Meeting & Press Conference

    Just six days away from the most important FOMC meeting in the last seven years, and another 300k employment report in the rear view mirror, this looks like an excellent place to hide for nervous investors who have far more money than they have grains of common sense. Newsflash for these investors, yes markets are over-valued, and you need to get out of Apple, and about 100 other high flying overpriced momentum stocks, but you can`t hide out in bonds this time.  That party is over, and next Wednesday`s FOMC meeting is going to make this point abundantly clear.


    Cash is King
    There is no place to hide except cash.  You should have thought about that before you gorged yourself on ZIRP to the point where you have pushed stocks and bonds to unsupportable price levels, and you keep begging for the Fed to stall just another six months, so you can continue to buy more stocks and bonds. Well you have done an excellent job hoodwinking the Fed to wait until June, you should thank your lucky stars you have done such a good job manipulating the Federal Reserve; but just like the boy crying wolf, this strategy loses its effectiveness over time.

    read more!

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March 11, 2015 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Victoria Nuland Lied to US Congress about Phantom Russian Hoards in Ukraine!

 US Assistant Secretary of State "F*** the EU" Victoria Nuland together with Neo Nazi Svoboda leader Oleh Tyahnybok (left)

US Assistant Secretary of State “F*** the EU” Victoria Nuland together with Neo Nazi Svoboda leader Oleh Tyahnybok (left)

  • Victoria Nuland Lied to US Congress about Phantom Russian Hoards in Ukraine! 
    by Stephen Lendman, http://www.globalresearch.ca/ 
    On March 4, Nuland addressed House Foreign Affairs Committee members. She called murdered US-funded, Boris Nemtsov a “freedom fighter, Russian patriot and friend.” She absurdly called Ukraine “central to our 25 year Transatlantic quest for a ‘Europe whole, free and at peace.’ ”

    Fact: Washington wants Ukraine used as a dagger against Russia’s heartland – with menacing US bases on its borders threatening is sovereign independence.

    Nuland called US planned and implements year ago Maidan violence using well-trained Nazi thugs “peaceful protest(s) by ordinary Ukrainians.”

    “They braved frigid temperatures, brutal beatings and sniper bullets…Ukraine began to forge a new nation…holding free and fair election…and undertaking deep and comprehensive economic and political reforms.”

    Fact: US-deposed President Viktor Yanukovych’s police showed remarkable restraint.

    Fact: Washington-supported Nazi thugs bore full responsibility for beatings, sniper killings and other violence.

    Fact: Ukrainian parliamentary and presidential elections were farcical – with no legitimacy whatever.

    Fact: So-called economic reforms involve crushing hardships on already impoverished Ukrainians in return for loan-shark-of-last-resort IMF blood money.

    Fact: No responsible political reforms exist. None are planned. It bears repeating. Ukraine is a US-installed fascist dictatorship.

    Nuland lied claiming

    “enhance(d) (Ukrainian) transparency in public procurement, reduce(d) government inefficiency and corruption, (laws) making the banking system more transparent, and measures to improve the climate for business and…foreign investment.”

    Ukrainian banking is a black hole of grand theft. State farmland and enterprises are being sold to Western predators at fire sale prices. Corruption is worse than ever. Government and military officials are stealing everything they can get their dirty hands on – at the expense of imposing crushing austerity on deeply impoverished millions.

    Hyperinflation grips the country. The “breadbasket” of Europe can’t feed its people. Rationing was imposed. Energy prices skyrocketed to unaffordable levels. Ukraine symbolizes humanitarian disastrous conditions wherever America shows up.

    Nuland recited a litany of Big Lies about the “new Ukraine,” – a Nazified menace to its people. Claiming it’s “building a peaceful, democratic, independent” nation is polar opposite truth.

    She aimed the worst of her rant at Russia and Donbass freedom fighters. She lied about Crimea “under illegal occupation” – ignoring near Crimean unanimity to reverse a historic mistake and rejoin Russia. She turned truth on its head claiming:

    read more!
http://www.globalresearch.ca/ukraine-transition-government-neo-nazis-in-control-of-armed-forces-national-security-economy-justice-and-education/5371539

Click on image for article!

http://www.infowars.com/us-backed-neo-nazi-party-given-key-roles-in-ukrainian-government/

Click on image for article!

Sieg heil? US-backed Svoboda neo Nazi leader Oleh Tyahnybok.

Sieg heil? US-backed Svoboda neo Nazi leader Oleh Tyahnybok.

http://www.larouchepub.com/pr/2014/140203ukrainefactsheet.pdf

Click on image for article!

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March 10, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

David Morgan: Debt Bomb Going to Explode in September 2015!

  • David Morgan: Debt Bomb Going to Explode in September 2015!
    by Greg Hunter’s USAWatchdog.com 
    Renowned precious metals analyst David Morgan is out with a new book called “The Silver Manifesto.” In a chapter called “The Debt Bomb,” Morgan lays out the biggest problem and the biggest reason to own precious metals. Morgan contends, “Basically, the United States have exported our inflation to every other country. So, for them to stay competitive, they are required to weaken their own currencies for what is called competitive advantage. It simply means if they don’t print . . . their currencies would become too strong, and they would not be able to export. In order to keep trade flowing, these other countries are basically required to do what the U.S. government does, and that is export a great quantity of un-backed paper promises that are impossible to pay back. That’s the crux of “The Debt Bomb.” It’s going to explode. . . . The basic premises are: You default on the debt . . . or you keep kicking the can down the road, and you continue to debase the currency, which is what governments have always done when it’s a non-backed currency. If you look at the value of the Federal Reserve from 1913 to now, in a little over a hundred years, the Federal Reserve itself will admit that 100 cents is now worth about 4 cents. So, you have lost 96% of the value of the U.S. dollar. . . . That has been a failure, a tremendous failure. That is a collapse in slow motion. Now, what we are really arguing about is what’s going to happen to the last 4 cents of the U.S. dollar. . . . It looks to me that at some point, a tipping point, that you will get an acceleration . . . and things will change dramatically.”

    On the Greek debt crisis, will it be forced to default? Morgan says, “Yes, and the problem is everyone in power is acting like a bunch of kids. No one wants to be an adult and state the problem clearly. This new regime in Greece actually has. They are the only truth tellers at the political level that actually said we are bankrupt.”

    read more!

Greece-debt-crisis_flag_burning

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March 10, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Interest Rates Will Never Rise!

  • Published on Mar 6, 2015
    Jason Burack of Wall St for Main St had on returning guest, editor of the Hat Trick Letter http://www.goldenjackass.com/, Jim Willie.


    During this hour+ long discussion, Jason asks Jim about why would the US declare economic war against Russia and Putin. In other words, why would the US poke the bear?

    Jim points to the petro dollar and says how the French Total CEO was assassinated on Russian soil and it was made to look like Putin did it. Jason then asks Jim about financial repression in the US, UK, Japan and the EU and how long these developed countries’ central banks can keep interest rates down and drop them and the yield curve further?

    Jim says as long as this debt based fiat currency system continues with QE, etc interest rates will NEVER rise again until everything blows up and collapses.

    Jason and Jim discuss losing personal freedoms in the US, gold inflation vs deflation and if the European Union will break up in this in depth interview.

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March 7, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Interest Rates Will Never Rise!

Turkey Warns “Speculators Will Be Burned” As Lira Collapses To Record Lows!

UPDATE: TRY now +6.5 handles at 2.6275...

UPDATE: TRY now +6.5 handles at 2.6275…

  • Turkey Warns “Speculators Will Be Burned” As Lira Collapses To Record Lows! 
    by Tyler Durden, http://www.zerohedge.com
    The Turkish Lira is down over 4 handles again this morning as the currency’s collapse accelerates exponentially. Having devalued by 30% year-to-date amid Erdogan’s rage against central bank independence, selling its gold, threats of jail for not cutting interest rates, and rising repression of increasing social unrest, the country’s Economy Minister took to the TV today to expose the “hidden currency war” and blast ‘speculators’ (because only a speculator would pull his capital from such a ‘stable’ place) – “The manipulation of those who play with the dollar will explode in their hands and their hands will be burned.”

    read more!

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March 6, 2015 Posted by | Economics, Social Trends | , , , , , , | Comments Off on Turkey Warns “Speculators Will Be Burned” As Lira Collapses To Record Lows!

Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’!

Global economic, financial and monetary collapse super storm is coming!

Global economic, financial and monetary collapse super storm is coming! Satanic WW3 approaches!

  • Snake warning about the coming global economic, financial, and currency meltdown; and the Satanic WW3? Draw your own conclusions!
  • Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’! 
    by Paul Joseph Watson, http://www.infowars.com
    Head of £2.3 billion trust says wealth preservation is the key
    Lord Jacob Rothschild has warned investors that the world is mired in the most dangerous geopolitical situation since World War II.

    The 78-year-old chairman of RIT Capital Partners, a £2.3bn trust, used the organization’s annual report to caution savers that the focus of the firm would be the preservation of shareholders’ capital and not short term gains.

    Rothschild said that “a geopolitical situation perhaps as dangerous as any we have faced since World War II” has created a “difficult economic background” of which investors should be wary.

    Rothschild, whose business associates include Warren Buffett and Henry Kissinger, blamed the fraught climate on, “chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union”.

    “RIT is popular among private investors thanks to its excellent track record and its conservative approach to conserving capital,” notes the Telegraph’s Richard Dyson. Rothschild and his daughter Hannah jointly own shares in the trust worth approximately £160m.

    Rothschild’s warning follows reports from January’s Davos Economic Forum during which it was revealed that the wealthy are purchasing secret hideaways in remote locations in order to escape social upheaval and possible riots.

    Economist Robert Johnson made headlines when he divulged that “hedge fund managers all over the world….are buying airstrips and farms in places like New Zealand because they think they need a getaway.” Johnson cited income inequality and the potential for civil unrest and riots as the reason for the panic.

    “A lot of wealthy and powerful people are quite afraid right now – they see us on an unstable trajectory,” said Johnson. “As the system doesn’t have proper resources, as it doesn’t represent people, things are getting more and more dangerous as say Ferguson, Missouri brings to bear.”

    Realtors in New Zealand subsequently confirmed the flight to safety by the elite, noting that “paranoia” and concerns about personal safety and global crises were driving the trend.

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March 6, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Comments Off on Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’!

Rob Kirby: World Headed for a Meat Grinder! The Planned Depopulation Genocide of 6.5 Billion!

  • “I have referenced them before; they are the globalists.  These people have contempt for humanity.  These people, as a group, believe the world’s population needs to be reduced from its current roughly 7 billion to around 500 million people.” – Rob Kirby
  • Rob Kirby: World Headed for a Meat Grinder! 
    by Greg Hunter’s USAWatchdog.com
    Rob Kirby gives what he calls “proprietary macroeconomic research” to people around the world with billions of dollars to manage.  What are his connected sources telling him?  Kirby says, “People whose opinions I respect the most tell me that the world is headed for a meat grinder, and that is putting very bluntly.  This does not make me happy to say this, but we are headed for some very, very difficult times.  The people that are in charge of and are maintaining the status quo of dishonest commerce in our world today are extremely committed to the program.  I have referenced them before; they are the globalists.  These people have contempt for humanity.  These people, as a group, believe the world’s population needs to be reduced from its current roughly 7 billion to around 500 million people.  They refer to that as a sustainable model for the earth going forward.  I don’t share that view . . . but this is the path they have decided to take us down.”

    On the wars and rumors of wars in the Middle East and Ukraine, Kirby says, “The whole talk about Israel and Iran is a side show.  What is going on in Ukraine, I view to be another side show. . . . The underlying root problem is that our financial system is failing, and history tells us when the financial system tanks, governments take us to war.  That’s why we are on a war footing, and that’s why we are hearing this rhetoric and inflamed talks about how we need war, and war is imminent and how war is going to be unavoidable.  It’s an age old thing, when the financial system craps, the elites take us to war.  End of story.”

    It is looking like a much wider war breaks out this year. Kirby contends, “The reason for that is the financial system is showing signs of severe stress and severe weakness.  The money printing around the world has accelerated and gone into a warp drive or warp speed of money and credit creation.  We got the European Central bank talking about their own QE program.  We’ve got Japan printing money like blazes.  And listen, I think it was David Stockman that said there was over 2 trillion dollars of sovereign debt in the euro system trading at negative interest rates.  This is not sustainable.  This is why we have the burners turned up in the march to war.  The system is showing severe signs of systemic stress.  You can’t have 2 trillion dollars of sovereign trading at negative interest rates for a long time and have it be sustainable.”

    read more!
WW3 is near?

WW3 is near?

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March 5, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years!

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years! 
    by http://www.silverdoctors.com/ 
    Summary
    A final End Game has begun.  The current stage is the global rejection of the USDollar, the once respected revered and resilient currency which has in recent years fallen on its own Third World sword. QE is a Third World monetary policy, plainly stated. What remains is the loss of the most prestigious of the nation’s calling card, the USD as global reserve currency.

    USDOLLAR HOISTED ON ITS OWN PETARD
    The reaction of global USDollar rejection in response to Quantitative Easing, otherwise known as hyper monetary inflation, will go down in US history, even world history, as the greatest self-inflicted gunshot wound the head and chest in two thousand years.

    by Jim WillieGolden Jackass.com 

    It is very difficult to find a foreign policy deployed by the United States Govt that has been successful in recent years. In fact, almost all aggressive foreign policy initiatives have resulted in profound losses either in financial strategic position or in alliances with previous staid allied nations. They have almost uniformly backfired, while bravado has mixed with stupidity, while arrogance has blended with futility.

    CONCLUSION
    The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins. Foreign nations will find refuge by banning the USDollar in trade settlement and banking reserve systems.


    read more!

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March 5, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

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