Socio-Economics History Blog

Socio-Economics & History Commentary

China Challenges US Dollar Hegemony, Seeks New Global Financial Order

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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!

  • China Challenges US Dollar Hegemony, Seeks New Global Financial Order
    by Ariel Noyola Rodríguez,  
    During the first Annual Summit organized by the Asian Infrastructure Investment Bank (AIIB) in Beijing, China has shown her intention to take over the global leadership in infrastructure investment. By the end of this year, AIIB would have more than 100 members, making it the first lending institution in multilateral loans in history, under the control of the most important emerging countries. Yet, it is expected that she makes the decision of dropping off the Dollar, as it is the only way to break away from US hegemony in international finance.

    China is already ahead of the US in the race of financing infrastructure at the global level. International Finance is going through transformation, in spite of the strong resistance by the powerful American controlling power. Last year, high officials from Washington had tried to sabotage the launch of the Asian Infrastructure Investment Bank – AIIB, but failed to do so.

    In fact, countries that had formerly declared their allegiance to the US government, namely Germany, France, Italy, UK, had, at the end of the day, taken the decision to join the new multilateral lending institution promoted by Beijing. President Barack Obama could not imagine that the AIIB would have got the support of more than fifty countries within a few months.

    Without a doubt, China is accelerating US decline across the globe. In April 2015, Larry Summers, former Secretary of Treasury under Bill Clinton, declared that the successful call made by the AIIB represented the most dreadful blow to the US hegemony. « Last month will be remembered as the time where US have lost their role as gatekeeper of the World Economic System », he said.

    Beijing is delaying its major attack against the Dollar
    However, until now, China has been proceeding with the uttermost caution. As a result, the majority of G-7 countries – Germany, Canada, USA, France, Japan, Italy and UK – have hailed the launch of AIIB. Nonetheless, in spite of the extraordinary power of attraction of Beijing’s offer which reduced the influence of Washington over the Global Infrastructure Investment Finance, AIIB is holding itself back from rejecting the Dollar. And while many had speculated that AIIB loans would be issued in Yuan, or possibly in local currencies, to this date, all loans have been issued in USD currency.

    read more.


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  • “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
  • “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul

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September 10, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Bill Holter: Comparing This Gold Bull Market to Those of the Past Is Invalid

  • Published on Sep 1, 2016
    We are 7-8 years into a monetary experiment that has never been done before. In previous bull markets we weren’t looking at the potential end of the financial system as we know it. When central banks monetize, they destroy the currency. This is happening all over the world. 

    With world debt at least twice 2008 levels we are witnessing the dawn of a new system, and have been close to a collapse twice this year already. We now have central banks that are actually purchasing stocks. The monetization of stock markets is a factor in preventing the collapse.

    Central Banks have already printed the money, now it’s just a matter of when will the panic out of money and into real assets happen. Velocity is at it’s lowest ever, and once investors- or even the average public is afraid of holding currency and moves their currency into ‘stuff’, hyperinflation will begin. 

    When the stock market turns and control is lost, there may be a period of 1-4 weeks where gold goes down. After that we will see capital moving back into gold, and we should see a massive influx of capital into the mining shares which will take out the 2011 highs- perhaps by multiples.


September 2, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

NIRP: Monetary Weapon Of Mass Destruction — NWO Cabal Pulls Financial Trigger to Start World War III


  • NIRP: Monetary Weapon Of Mass Destruction — NWO Cabal Pulls Financial Trigger to Start World War III
    by The Millennium Report 
    The Great Game Continues Between the USA/UK, Russia and Germany.
    Germany is used again just as it was during World Wars I and II.
    “Frau Merkel has achieved throughout Europe without firing a shot, what Hitler had hoped to do during the  World War II.”

    There is perhaps no greater sign of the coming financial Apocalypse and economic Armageddon than the continuation of NIRP (Negative Interest Rate Policy) within certain nations in the European Union.

    While much has been written about this utterly foolish and purposely destructive monetary policy, not nearly enough commentary has been presented which explains its extraordinary consequences.

    What is a ‘Negative Interest Rate Policy (NIRP)’
    A negative interest rate policy (NIRP) is an unconventional monetary policy tool whereby nominal target interest rates are set with a negative value, below the theoretical lower bound of zero percent.
    (Source: Negative Interest Rate Policy (NIRP) Definition | Investopedia )

    Anyone who understands the central organizing principle of the fractional reserve banking system knows that the deposits from account-holders are the very bedrock of the scheme. Without depositors making their regular deposits, there is simply no bank or banking system.

    With this knowledge it’s a very easy leap of understanding to see how NIRP, as it has been implemented in Europe, has literally pushed depositors out of the traditional banks and into their homes.  This single ongoing development is catastrophic for the already very precarious state of affairs throughout the European Union (EU).

    Once Depositors Have Lost Faith, It’s Very Difficult To Get Them Back
    The current context in Germany concerning this monetary NIRP dynamic is critical to correctly comprehending the enormity and profundity of this downward spiral of loss of confidence.

    The Germans are by nature a very conservative populace.  The banking system has always been a central part of German society.  German banks used to be considered the most reliable and trustworthy in Europe after Swiss banking.  All of that has now changed.  As follows:

    German Savers Lose Faith in Banks, Stash Cash at Home 

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WW3 is near?

WW3 is near?


August 31, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: The Endgame Scenario — Fiat Currency Crash

  • Published on Aug 28, 2016 
    This is a great interview if you’re looking for the the wide view of the most recent silver/gold/mining correction and current market view and recent FED meeting. With us is David Morgan the leading silver expert who’s been Future Money Trends’ friend since our beginning in 2010. Make sure to checkout his site and subscribe if you love silver as an investment.

    00:50 Mining has Barely Risen, Much More Up-Room in Bull Market!
    03:00 The Silver Awakening: The Ultimate Investment Metal
    03:45 This Correction Explained, Manipulation in Short-Term
    05:40 Current Levels & Forecast for Silver & Mining Stocks
    07:40 Mining Stock Fervor is Kicking Off with Big Investments
    09:00 Waiting for Fall for Biggest Bull Run Return
    11:25: How 2016 Election Could Affect Metals & Mining & Economy
    13:00 Physical Market Freeze-Up, World Markets, Currency Crashes
    15:00 Our World is Way out of Balance; Fiat System Beyond Repair
    17:40 FED Meeting, ZIRP, NIRP, What is the Endgame?


August 30, 2016 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Gerald Celente Predicts: Giant Fraud Economy Crashes Before End of 2016! Trump Wins White House

  • Gerald Celente Predicts: Giant Fraud Economy Crashes Before End of 2016! Trump Wins White House
    by Greg Hunter’s
    Trends forecaster Gerald Celente has been predicting a financial panic in 2016. How close are we?  Celente says, “I believe we are very near an inflection point coming up very soon. . . . I would have thought this would have happened back in 2012; however, there has never been such a thing as quantitative easing.  There has never been such a thing as zero interest rate policy and negative interest rate policy.  We make forecasts based on information that used to be, but now we have things that never were.  . . . I was never taught that central banks could take over the economy as it is now.  This is not capitalism.  Capitalism is dead–it’s now bankism.  The only thing that is keeping this up is a giant fraud.  October is usually the killer month. . . . I believe the crash will happen before the end of the year, and it almost happened with Brexit.

    Celente also predicts, “All this cheap money is building bigger bubbles. When this bubble bursts, it will be the worst one in modern history.  It will be far worse than the crash of 1929 because this is truly global, and it’s truly inflated with fake money.  It’s backed by nothing.  It’s printed on nothing.  It’s digital zeros.”

    On gold, Celente says, “Why would I want cheap money that is being devalued and backed by nothing? The way we see it is if the Fed raises rates at all, it will be after the election.  Go back to last December.  The Fed said they would raise rates four times in 2016.  Here it is in the third quarter, and the Fed has not raised rates once . . . The world cannot take more expensive money.  You can only keep Ponzi alive with cheap dough.  That’s why we think gold is going to spike when it goes well over $1,400 (per ounce).  We believe it’s going to spike to $2,000 per ounce, and it’s going to be a quick hit up.  Nothing goes straight up, of course.  When you adjust gold for inflation, gold never hit the peak that it hit when it hit $850 in 1980.”

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August 25, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Sinclair: Economic Collapse, Dollar Crash And The Global Currency Reset

August 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Dollar Disaster Looms? China and Russian Currencies Break Away

Well, what do you know? No lack of toilet paper!

Well, what do you know? No lack of toilet paper!

  • Dollar Disaster Looms? China and Russian Currencies Break Away
    Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble. In effect, money creation in Russia was removed from state sovereignty and tied to the US dollar.”

    2016: “The Stolypin club report advises to increase the investment, pumping up the economy with money from the state budget and by the issue of the Bank of Russia”. Putin decided to follow the Stolypin club advice as the new monetary policy of the country. -Before It’s News

    Money is changing fast and the US dollar is going to crash. Here’s an excerpt from yet another recently published article (translated from the Russian) describing how the ruble may now evolve (here).

    We must nationalize the ruble. What does it mean? It means that we must separate the internal markets from the external ones.

    … Thus, the first step for Russia is secession from the IMF and others similar institutions designed to keep the entire world in bondage. The dollar noose must be cut.

    Now the amount of printed rubles will not be determined by how many dollars we have but by the actual needs of our economy.

    … We have absolutely no need in the central bank in its current form, but we do need a financial regular. Under any regime, it was the Treasury that performed this function. Let it remain the same now regardless of the official name. It may continue to be called the Central Bank. If the essence is changed, there is no need in changing plaques.

    You can also see an article (here) that goes into this issue more deeply and claims that Putin has in mind backing a portion of the ruble with gold as well. (We should note there are claims the  ruble is backed by gold already.)

    The dramatic – historical – Russian currency changes (if these articles are accurate) seem a little difficult to discern in full at this moment, but obviously things are changing fast. And they are changing for China’s “money” as well. In fact, some have speculated China and Russia could launch a joint, gold-backed currency (here, see bottom of article).

    read more.
Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”


August 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Unraveling of Economy – Signs Have Arrived | Rob Kirby Q&A

  • Published on Aug 20, 2016

    – Derivatives used for globalist control ►0:50 
    – What is the difference/impact of Open Interest, Commitment of Traders & Precious Metal Futures? ►6:40 
    – What in your opinion are some of the key things to watch for that maybe a sign that things are going to turn over and go belly up? ►11:36 
    – Are there things that you recommend we Canadians should do different in preparation for the US dollar devaluation…for example will our dollar be devalued just like the American? ►13:50 


August 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

When The Economy Crashes There Will Be A Reallocation Of Money Not A Reset: Bix Weir

August 17, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Are We Weeks Away From The Worst Global Crisis In History?

August 16, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Coming Breakdown of U.S. & Global Markets Explained… What Most Analysts Miss


  • The Coming Breakdown of U.S. & Global Markets Explained… What Most Analysts Miss
    The U.S. and world are heading toward an accelerated breakdown of their economic and financial markets.  Unfortunately, the overwhelming majority of analysts fail to understand the root cause of this impending calamity.  This is also true for the majority of precious metals analysts.

    The reason for this upcoming systemic collapse of the U.S. and Global markets is quite simple when you understand the information and are able to CONNECT THE DOTS.
      While it has taken me years of research to be able to finally put it all together, new information really put it all into perspective.

    Yes… a HUGE LIGHT BULB went off, but unfortunately the realization is much worse than anything I imagined before.  I briefly discussed this in my last article, The Coming Global Silver Production Collapse & Skyrocketing Silver Value

    The information discussed in this article makes it abundantly clear that the precious metals will be the GO TO ASSETS in the future.
      The standard financial practice of investing most of one’s assets in stocks, bonds and real estate will no longer be true.  What little investment strategies are left in the future will turn to PROTECTING WEALTH, rather than building wealth.  The days of acquiring wealth are coming to and end… and fast.

    So, now I will try to lay out all the details in a way that will make this easy to understand.  However, I have a word of warning.  Those who are able to connect the dots… it’s like taking the RED PILL, you can’t unlearn what you now realize.

    read more.


August 11, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Bill Holter: World Facing Very, Very Dangerous Time. Entering Perfect Storm of Every Facet of our Lives

  • Bill Holter: World Facing Very, Very Dangerous Time. Entering Perfect Storm of Every Facet of our Lives
    by Greg Hunter’s
    Financial writer Bill Holter warns the world faces multiple problems, not just one. Holter explains, “We are entering a perfect storm of every facet of our lives.  This is not just financial.  This is social, and it has to do with the breakdown of the rule of law.  In the U.S. and globally, you can look at this as a breakdown of morals.  Society is breaking down.  You’ve got false economic numbers supported by the press that’s telling the people that all is well.  You are seeing, for lack of a better term, revolt all over the world.  Brexit was a revolt.  Donald Trump running for President is a revolt.  You are seeing people get truly pissed off because they know something is wrong, and it’s a worldwide phenomenon.”

    So, is the world headed for a “Mad Max” future? Holter says, “I think the chances are better than a coin flip that we have societal breakdown.  If you are asking should you hold cash, my opinion is yeah, you should have some cash and very little bank balances because that is going to go away.  You are going to have to have some physical cash, which will actually . . . after the system shuts down, become more valuable.  The dollar will purchase more real goods for several weeks simply because if all the banks are closed and nobody has cash, then cash is scarce.  That will work up until, all of a sudden, the light switch gets flipped and people understand that cash has no real value.  People are not going to trade real eggs or real tomatoes for dollars.  They will say I want something real for something real.  That’s where your dollar collapses.”

    A possible trigger comes in late September, according to Holter. Holter contends, “There is an IMF meeting.  I believe you are going to see the Yuan become a fully functioning part of the SDR (IMF currency).  That’s a big step backward for the dollar. . . . Whatever portion the Yuan takes, whatever slice of the pie the yuan takes, the other currencies lose.  I think predominantly it will come from the dollar.”

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August 11, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

There Is Financial Crisis Coming That Will Make 2008 A Walk In The Park: John Rubino



August 10, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

X22: Chaos, Crashes & Massive Gold Rally & A New Money System Coming

  • Published on Aug 8, 2016
    New Energy Source is the Oil of the 21st Century. Learn More: 

    One of the most popular compilers of economic data and the coming crash prediction is back on. He’s Dave from X22 Report and this time around we discuss the macro arguments for gold’s coming rise, the dollar’s crash and overall economic chaos with inflationary and deflationary problems in the US and abroad. Get more from Dave: 

    01:35 Inflation v Deflation: Gold/Silver & Credit Bubble 
    03:30 Empty Store Shelves Coming 
    06:00 Both Inflationary or Deflationary Shock for Prices in US 
    08:00 Future World Monetary System & Death of US Dollar 
    08:40 $100 US Bill Interesting Apperance with Gold on Right 
    11:55 How will the Dollar Lose Value over the Next Few Years 
    15:40 US Dollar vs Gold which is Real Money 
    19:50 2016 Election & the Stock Market: Crash or Rally? 
    22:50 Massive Gold Rally & Real Estate Crash 
    25:00 Closing Thoughts & Get more from X22 Report

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August 9, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

John Williams: World Class Crash Coming No Matter What

  • John Williams: World Class Crash Coming No Matter What
    by Greg Hunter’s  (Early Sunday Release) 
    Economist John Williams says don’t believe the hype about the U.S. economy being good—it’s not. Williams explains, “I love America, but we are in a deepening recession.  The economy collapsed into 2009 . . . we never really recovered from that.  We had a few bounces higher, but generally, we went into low level stagnation, and now it’s turning down again.  We just had a revision to the benchmark GDP (1.2%) and the numbers are nonsense.  The numbers are a lot weaker than they appear. There’s no question we are in a recession.”

    President Obama keeps telling the public that the economy is great. Williams, who computes economic data without accounting gimmicks that make things look better than reality, says, “If that were the case, Donald Trump would not be the Republican nominee.  The voters are telling you we’ve got a problem here, and they sense it.  The average guy in Main Street USA knows what’s going on.  That’s what’s giving you such an unusual election year.  You cannot discount that.  Main Street USA knows a lot better than the bureaucrats in Washington when you are in an election year, and people might want to play with the numbers a little bit.”

    Williams says don’t expect the government to start a new round of money printing before the election. Williams explains, “Let me put it this way.  At such time it happens, and I believe it will, you will see heavy selling against the dollar which will tend to hurt stocks.  When you get massive selling against the dollar, you are going to start spiking inflation. . . . So, the dollar weakens and gasoline prices go higher.  That’s been the biggest variable in the headline inflation numbers since the panic of 2008.  You see gasoline prices rising again, and you’ve got an inflation problem again.  That will start all sorts of issues.”

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August 8, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment