Socio-Economics History Blog

Socio-Economics & History Commentary

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. 

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December 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Dr. Jim Willie: The U.S. Dollar And The Loss of Global Reserve Status

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 | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Big Money Placing Bets On A Financial IMPLOSION?

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

Jim Rickards: The Great Currency Shock

December 13, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Comments Off on Jim Rickards: The Great Currency Shock

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 | , , , , , , , , , , , , , , , , | Comments Off on Jim Sinclair: Financial Pressure Cooker Bomb Cooking Now

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 | , , , , , , , , , , , , , , , , , , , , , | Comments Off on During The Economic Reset People Are Going To Feel The Pain Of A Collapsing Economy: Andrew Hoffman

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

Jim Willie: Criss-Crossed Fuses And Lit Bonfire

dynamite-fuse-burning

  • Criss-Crossed Fuses And Lit Bonfire
    by Jim Willie, http://www.goldenjackass.com/ ,  via http://www.goldseek.com/
    Many are the potential fuses to be lit, which would create the conflagration, the massive bonfire of the bond vanities and bank charades. Many are the fuses lying around, all criss-crossed, all exposed, all overlapping each other in highly dangerous manner. If any single fuse is lit, then several will light and the detonation arrives. It is unavoidable since the financial world is so deeply interwoven. Never in modern history has the global financial structure been so badly weakened, so totally corrupted, so thoroughly undermined by control mechanisms, so intensely defended by sanctions even war. In 2007 and early 2008, the Jackass warned of a mortgage bust that would alter the global system forever. It happened with far reaching consequences which endure to this day. In recent months the Jackass is warning of a Systemic Lehman event, where several major national systems are at heightened risk of a similar bust like what happened in September 2008. Except this time, the entire global financial system will erupt like a debt volcano, with several epicenters, all located in the West. The big Western banks are all lashed together, all tied to each other. The banker cabal believed that the interconnectivity within their bank structures would make them all immune to failure risk. The reality is that the failure of any one major bank guarantees the systemic breakdown of all of them. It will erupt like a cave-in of the flying buttresses at the Notre Dame in Paris, with numerous bank (churches) collapsing, all located in the West.

    FINAL SOLUTION
    When the collapse occurs, the solution will finally be discussed, the solution avoided for eight full years. THE GOLD STANDARD WILL BE INSTALLED. It will first arrive in the trade payment system. Then it will arrive in the banking reserves system. Lastly it will be seen in the gold backed currencies. The paper game has gone on since 2008 in grand style and unspeakable corruption.


    This article attempts to list many threats to a systemic breakdown from ignition of several megatons of TNT dynamite. The financial press has often mentioned derivatives as capable of inflicting damage and devastation like with nuclear explosions. The systemic breakdown is due to occur soon, actually way overdue to occur. The prevention has been a massive global project run by the major central banks in coordination with a few ministries of finance. The primary control center is the USDept Treasury and their Exchange Stabilization Fund. This truly gigantic multi-$trillion fund is a very well-kept secret. Its recent activity has been to permit the USTreasury Bond yield to rise, but without pushing down the sacred USDollar. Not much mention has come from the sleepy lapdog financial press on this unusual anomaly. The motive is to keep the Japanese happy, since they are the last holdout among the $1 trillion USGovt debt holders. The Chinese are dumping USTBonds, but the United States cannot afford for Japan to dump USTBonds at the same time.

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November 29, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Criss-Crossed Fuses And Lit Bonfire

Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

dollar_surge_usdx-23nov2016

  • Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets
    by Tyler Durden, http://www.zerohedge.com 
    While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009.

    The regional FX plunge will likely deter regional central banks from easing monetary policies as the prospects of higher U.S. rates spurred capital outflows according to Toru Nishihama, an emerging-market economist at Dai-ichi Life Research Institute who added that depreciating currencies are making it very hard for central banks to ease on concerns about inflationary pressure and acceleration of fund outflows.

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November 25, 2016 Posted by | Economics | , , , | Comments Off on Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

We Need A Reset & A Debt Jubilee, The Economic Outcome Will Be Devasting: Jeff Nielson

November 24, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on We Need A Reset & A Debt Jubilee, The Economic Outcome Will Be Devasting: Jeff Nielson

James Rickards: The Road to Ruin — The Global Elites’ Secret Plan For The Next Financial Crisis

  • Wake Up with Steve Curtis – 22 Nov 2016 
    Steve’s guest is James Rickards; author of “The Road to Ruin – The Global Elites’ Secret Plan For The Next Financial Crisis”. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is ARTIFICIAL – that’s according to New York Times bestselling author JAMES RICKARDS.

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November 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on James Rickards: The Road to Ruin — The Global Elites’ Secret Plan For The Next Financial Crisis

Double Up On Your Prepping, The Collapse Is Most Likely Going To Occur In 2017: James Wesley Rawles

November 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Double Up On Your Prepping, The Collapse Is Most Likely Going To Occur In 2017: James Wesley Rawles

Trump Can’t Stop Dollar Collapse | Craig Hemke

November 18, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Comments Off on Trump Can’t Stop Dollar Collapse | Craig Hemke

Clif High: Federal Reserve & Clintons Doomed. DOW & Gold $125,000 — Hyperinflation Coming

  • Clif High: Federal Reserve & Clintons Doomed. DOW & Gold $125,000 — Hyperinflation Coming
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Internet data mining expert Clif High predicted that “Trump would win” the election and that Hillary Clinton would go “missing” after the election. Sure enough, Hillary was missing the night of her defeat.  What does that mean?  High thinks, “That there was a breakdown among a very delicate relationship among a lot of powerful parties that failed to deliver as promised.  The plan didn’t work.  So, now there is no real plan “B.”  There never could be under the circumstances.  We are in a situation where there can’t be a plan “B” for the Federal Reserve, for example.  They (FED) have to go on a certain path, they’re doomed.  That is true of the criminal organization we call CGI (Clinton Global Initiative).  Any criminal gang, no matter where it is in the social order, progresses along a certain path, runs into opposition and dies.  It always happens, and it always will.”

    So, does Clif High think Hillary Clinton is in jeopardy? High answers, “I certainly do.”  High’s data mining also shows that “Clinton minions are worried . . .  all I get in the data is all these people have fear and worry.”

    On the financial front, High contends we will have inflation and deflation at the same time. And High says interest rates are headed up and will continue to rise.  High explains, “My definition is deflation, but maybe we should define it as debt destruction and inflation.  The powers that be and the Federal Reserve in the data sets that I have are showing that they are really worried and start to get worried by the 12th of December, and it breaks out into the public in early January.  They are worried about the destruction of all of this debt by dollars pouring back into the U.S.  The debt is actually being paid off by all this money coming back into the U.S.  It’s not an actual increase of actual cash.  It is a destruction of all the derivatives . . . It is debt destruction for sure. . . . Also, a component of the hyperinflation is they can’t destroy all the repatriated dollars (flowing back in) fast enough.  So, some of those do show up in the supply chain of the digital cost we have to deal with. . . .So, as this deflation starts, the hyperinflation is already going to be ongoing.”  In short, High says your home will go down in value while you are paying much more for supplies to live in it.

    On gold and silver, High says never mind the recent price drop. High says, “They’re real money, always have been, and you are going to need it. . . . How can it be silly to hold real money? Americans are going to have to face up to the fact that we have been deluded by a propaganda press that was attempting to sow a particular viewpoint around the world.  We tried to conquer the world with dollars and the threat of bullets . . . . Our dollars were accepted all around the world, and people gave us real stuff for those green pieces of paper.  They’re not going to do that anymore.  So, if you want that coconut from Malaysia . . . you are going to have to pay something that has value.  Those little green pieces of paper will not after a short period of time.  They are going to have value inside the country for a while, but outside the country, people are going to say I want gold or silver or oil.  I want to see something of value.”

    High can’t name a price for gold and silver, but his “predictive linguistics” says, “At some point in 2017, probably past mid-year, we’re going to be looking at hyperinflation so bad that the DOW will be measured around $100,000 to $125,000. Meaning, the dollar will be so worthless that it will take $125,000 to buy the little basket that is the DOW.  I also have language that says an ounce of gold will be approaching the DOW in terms of value.  This is not ludicrous.  In the last depression in 1933 and 1934, after the shutting of the banks . . . we had a point where gold and the DOW were the same, and gold dominated the DOW for decades.”

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November 14, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | 1 Comment