Socio-Economics History Blog

Socio-Economics & History Commentary

James Turk: We’re Going to Step On a Mine Before End of 2015!

  • James Turk: We’re Going to Step On a Mine Before End of 2015! 
    by Greg Hunter’s
    Renowned Precious metals expert James Turk thinks this fall is going to be trouble for the U.S. dollar.  Turk explains, “I think that is the time frame we should be looking for, and there are a couple of reasons for this.  Every five years, the International Monetary Fund recalculates the “Special Drawing Rights,” the SDR. . . The Chinese have been quite clear over the last five years that they want to be included in the SDR when the next rewriting comes, and the next recalculation is scheduled for September and October.  So, it’s quite possible that China doesn’t come away with what it thinks it deserves . . . it may move further away from western institutions and create other Asian institutions like the AIIB (Asian Infrastructure Investment Bank) and bring this to fruition much quicker than would be the case.  So, I would agree the September, October, November time frame is going to be critically important this year.  If the wrong moves are made by the U.S. government, I think the dollar could fall substantially. . . . I think we are going to step on a mine before the end of this year.”

    Turk goes on to say, “Remember that the dollar has only risen because people around the world perceive it as the best option of a lot of poor choices.  In other words, people are moving out of the euro, and moving out of other weak currencies, in an emotional kneejerk reaction into the dollar.  They are not moving into the dollar because of any fundamental strengths.  The problems of the U.S. are still quite severe, particularly the debt problem and government spending out of control.  Things tend to rise and things tend to fall, and I wouldn’t be surprised to get a big drop in the dollar before the end of the year.”

    read more!


April 9, 2015 Posted by | Economics | , , , , , , , , , , , , , , , , | 1 Comment

Bill Holter: Global Black Hole of Derivatives! Fed Rate Rise Would Smoke Derivatives!

  • Fed Rate Rise Would Smoke Derivatives!
    by Greg Hunter’s
    Financial writer Bill Holter says don’t expect the economy to get better anytime soon.  Holter says, “We’re probably in recession again . . . the economy has been quite weak.  It looks to me we could be breaking down in the stock market.  This is going to be a really critical week.”

    On the Federal Reserve raising interest rates, Holter contends, “From a credibility standpoint, the Fed has to raise rates.  In a real world, I don’t think they can raise rates.  If they raise rates, my guess within two weeks you will see all the markets close.  A rate rise, even a quarter of a point in Fed Funds, would smoke derivatives.  You would see a chain reaction, and we would probably see a chain reaction even before they raise rates.”

    Holter contends the banking system is interconnected and very weak and explains his point by saying, “Look at what happened when the Swiss dropped their peg to the euro.  That basically has tanked the Austrian banking system.  The Austrian banking system is on the verge of collapse because they lent in Swiss Francs.  The strength in the Swiss Franc makes those loans much more difficult to pay back.  That’s thrown the entire (Austrian) banking system out of kilter.  If you do that with the dollar and you raise rates, and the dollar gets strong or spikes up 5% or 10% overnight, what’s that going to do to banks all over the world?  That’s going to create a smoking black hole of derivatives.”

    On the possibility banks bailing themselves out with depositor money, or so-called bank bail-ins, Holter predicts, “I think it’s highly likely.  Once this goes, it’s going to go really quickly.  I’ve said this before, this will go completely around the world within 48 hours.  Would they bail-in the banks within 48 hours?  Probably not, but our banks would not be open, and we would probably have a banking holiday.  That means your credit card, ATM or nothing works.”

    read more!




April 7, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | 1 Comment

A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’!

  • A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’!
    by Mac Slavo, April 5th, 2015,  
    There is an unprecedented reset coming to world financial markets and if you’ve been paying attention it’s impossible to ignore the signs. In fact mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer.

    But before the reset can happen Neumeyer, who recently founded First Mining Finance and has partnered with billionaire alternative asset investors like Eric Sprott and Rick Rule, says that foreign creditors must first deleverage their U.S. dollar debt, a move that is happening right now and is evidenced by the recent strength of the U.S. dollar.

    Once these U.S. debt holders unwind their positions, however, the dollar will be allowed to crash and we should prepare for a total financial, economic and monetary realignment.

    With the central banks now buying gold… which is quite unique… we haven’t seen that  in our lifetimes… they’ve always been sellers of gold and now they’re buyers of gold… I think there will be a reset of the financial industry…

    I think China is being allowed to accumulate gold purposefully by the American government…
    I believe that the Chinese need to own at least the same amount as the U.S. owns before this reset occurs. I think that there’s some kind of deal that’s being made between all the central banks behind the scenes and that’s why you’re seeing governments accumulating the metal.

    I do believe there will be some kind of new currency created with the backing… and it might not be a direct backing of the metal… but it’ll be some kind of blend of currency.. it could be through SDR’s… Special Drawing Rights… or some type of mechanism… I think that’s where we’re going.

    And when that reset occurs I think gold will be left to rise… and I wouldn’t be at all surprised to see three…four… five thousand dollar gold over the next five years.

    read more!


April 6, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 3 Comments

China’s SWIFT Alternative and the (Engineered) Death of the Dollar!

China USA War without limits

  • The western Illuminati will not allow threats to its global hegemony to go unchallenged. They are activating their Satanic WW3 plans.
  • Once Russia and China activate their SWIFT alternatives this year, it is game over for the western Illuminati’s global hegemony.
  • China’s SWIFT Alternative and the (Engineered) Death of the Dollar!
    by James Corbett,, March 11, 2015  
    Forget all the nonsense and hoopla about the Apple Watch or the GM stock buy-back. Far and away the most important economic story of the week is one you won’t find on the front page of Bloomberg or MarketWatch. New reports indicate that China is ready to launch its SWIFT alternative, and for those who have their ear to the ground this is the most significant move yet in the unfolding process of de-dollarization that is seeing the BRICS-led “resistance bloc” breaking away from the financial stranglehold of the US-led “Washington Consensus.”

    For those who don’t know, SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication and is shorthand for the SWIFTNet Network that is used by over 10,500 financial institutions in 215 countries and territories to transmit financial transaction data around the world. SWIFT does not do any of the clearing or processing for these transactions itself, but instead sends the payment orders that are then settled by correspondent banks of the member institutions. Still, given the system’s near universality in the financial system, it means that virtually every international transaction between banking institutions goes through the SWIFT network.

    This is why de-listing from the SWIFT network remains one of the primary financial weapons wielded by the US and its allies in their increasingly important financial warfare campaigns. In 2012, SWIFT agreed to de-list 30 Iranian financial institutions (including the central bank) from their network as part of the US/EU-led sanctions on Tehran, a move that was meant to stop billions of dollars’ worth of oil and export sales from being repatriated into the country and bring Iranian business to a standstill. Throughout the recent tensions between the US bloc and Russia over the civil war in Ukraine, the idea that SWIFT could similarly de-list Russian banks has been repeatedly floated as a potential next step for the US and its allies.
    If and when CIPS is launched, the results could be world historical in nature. Firstly it provides the Kremlin and other US/EU/NATO/Israeli enemies a potential alternative safe haven from the crippling sanctions that hang over their head in the current environment. Secondly, it brings the yuan one step closer to being a fully-convertible currency, something that Beijing has been scrambling to achieve since the currency was rejected from the IMF’s SDR basket following the last reconsideration of that basket in 2010. And finally, it further solidifies China as the center of the worldwide “resistance bloc” to the current status quo.

    read more!


April 6, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

As The Economic Collapse Accelerates, War Is On The Horizon!

  • Published on Apr 2, 2015
    Greece running out of money, looking towards Russia to help. Beppe Grillo says EU has already collapsed. Factory orders plummet, Baltic Dry Index falls again. Central bankers looking to give loans to anyone now to pump up the bubble. Many states moving to make gold and silver legal currency. US now pushing their agenda to stop yuan from becoming a reserve currency. Iceland will create their own money instead of the private central bank. Venezuela purchasing more weapons from Russia. Iran frame work agreed upon. US/Israel make threats of bombing Iran after a deal was made. Jade Helm could be used to push martial law, suspend the constitution and take the weapons away from the people.
  • Published on Apr 3, 2015
    Greece is preparing to leave the Euro zone and will nationalize its banks. Jobs reports shows the economy is no recovery but headed for a major collapse. Full time hard to come by, the US is pushing a part-time recovery. Younger people in US cannot find jobs, many retiree’s are not receiving interest on their retirement and they need to get jobs. IMF planning to tax every ones savings, retirement to bailout the bankers. Ukraine introduces martial law bill. Saudi Arabia drops weapons to pro-Hadi forces. US getting involved in Yemen by refueling planes, firing missiles and giving Intel to Saudi Arabia.


April 4, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: Chinese Plan to Take Control of the Gold Fix!

Click on image for Part 1 of MP3 audio interview!

Click on image for Part 1 of MP3 audio interview!

  • Jim Willie: Chinese Plan to Take Control of the Gold Fix!!
    Jim Willie returns with an open mic and lots on his mind. If you’re looking for something to do this holiday weekend, here’s 120 minutes of free-range Golden Jackass to help you kill the time.

    Just a few of the topics covered in this MUST LISTEN interview:

    * The Shanghai Gold Exchange, Chinese gold intentions and a discussion of the dollar
    * The Bakken shale fields and crude oil in general
    * The continued growth of swap facilities for the yuan and the growing Chinese bond market
    * Grexit and the EU and the euro and Russia and Turkey…and how these parts fit together

    120 MUST LISTEN minutes with Hat Trick Letter Editor Jim Willie & Craig Hemke: Part 1 – top of post, Part 2 – below!
Click on image to download MP3 interview!

Click on image to download Part 2 of MP3 interview!


April 4, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: The Jig is Up!

  • The Jig is Up with Jim Willie!
    Will Lehr of Perpetual Assets Interviews Dr. Jim Willie, editor of the Hat Trick Letter on 

    Join us for a different angle, a unique investigation of the unprecedented events unfolding. This is a fantastic, action packed interview with almost 2 hours of content. Jim dives into the collapsing platforms of the US dollar. The tide is turning very quickly. Jim’s wealth of knowledge never ceases to amaze me and he seems to never miss a news development.

    Jim reveals his belief that half of the purpose for the AIIB development bank will be the BRICS gold central bank. Jim gives us a rare breakdown of much of his brain team. Bear with us in the end as we ramble and chat a bit, on and off topic. Jim tells us his story of meeting a Rockefeller. Cold fusion, corrupt Vatican accounts, the new sheriff from the East, and Hitler- the topics covered are vast.

    QE is a Ruse That Guarantees Global Rejection of USDollar
    – undermine to national banking reserve systems (national savings)

    – hyper monetary inflation impossible to justify (unless severely stupid)
    – deep lies surround the volume, the connection to the financial control rig offices
    – Western CB franchise system has no more credibility
    – duration of QE was a lie
    – threat of bail-in against backdrop of negative interest rate has wrecked CB credd

    Coming Isolation of US
    – war, sanctions, collateral seizures, bail-in threats,

    – poorly crafted trade pacts
    – full generation of hegemony with finance, military (not so much commerce)
    – backfire of outsourcing effects, when Emerging Markets have savings
    – backfire of political heavy handed manner with global offices (IMF, WB, SWIFT)
    – resentment over wars and sanctions
    – whatever the USGovt touches turns to shiitte

    read more!


April 3, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Dr. Jim Willie: King Dollar Dethroned by Emperor Yuan; US Abandoned by Allies!

  • Published on Mar 28, 2015
    03-27-2015 / Timely update by Dr. Jim Willie on fast moving events around the Globe.

    * development of Chinese led financial platforms outside the USDollar sphere as traditional US allies rush to join AIIB
    * objection to US-led trade treaties in Asia and Europe are widely disliked
    * Ukraine War and Russian confrontation and its blowback
    * breaking Europe & Russian marriage is a big motive and is actually strengthening Euro-Russian ties not isolating Russia
    * laying out farmland seeds with Monsanto for European food supply
    * Wreckage of Gold mining sector signals major increase in gold demand and price
    * Marginal Oil patch sector screaming for bailouts and more destruction of the Economy
    * Germany’s move to the Eastern Russian – Chinese camp almost complete. Rest of Europe to follow

    Dr. Jim’s website:


March 30, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: King Dollar Death Watch!


  • Jim Willie: King Dollar Death Watch! 
    by Jim Willie CB,, via 
    Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. The Chinese-led Asian Infrastructure Investment Bank (AAIB) won converts recently from Australia and Britain, but last week from Italy, France, Germany, Switzerland, Luxembourg, and seemingly Japan. A noticeable impact was observed on the Kenyan impostor squatter, who works to contain the damage. This week Turkey joined the AIIBank. Keep in mind that the AIIBank is for development projects. It begs for a more honestly stated function for the New Development Bank also promoted and funded by China. The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce. It is written, but in secret. It will be done, from expedience. It must be, in order to put the global financial system in sound structure and equitable balance.

    With the debt default from Greece and Ukraine lingering, never to go away, the big Western banks are constantly facing a failure event. However, the bigger immediate threat might be the Emerging Market debt. It is fixed in USD terms. So the debt burden has shot up over 20% in almost all such nations due to currency shifts. Therefore with debt failure on one side and banking platform abandonment on the other side, the King Dollar looks legless, castrated, full of acne, with too much evidence of voyeurism in allied bedroom windows, and too much shooting civilians for sport. The King Dollar needs a quick trip to the funeral parlor, then cemetery, in favor of the Gold Standard. The clear path has been laid out. The Gold Standard will arrive from the trade ramps, not the FOREX window. Then later, the global banking systems will discard the USTreasurys held in reserve. The event will trigger QE4, and collapse the Western central bank franchise system. Then comes the New Scheiss Dollar on a contrived platter. Gold will win, just a question of when, how, and the depth of global economic destruction.

    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 device. The Eurasian Trade Zone will be built upon the gold route. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The Teutonic shift is more clear with each passing month. The movement cannot be stopped, not by war, not by sanctions. The global rejection of the USDollar continues, far above the din of Washington and Wall Street propaganda. Events of early 2015 proceed in the nasty sequence to isolate the US and its monopolist money mavens. The King Dollar is dying a horrible death, as Gold will return to its rightful throne. The toxic USD will be chucked into the dustbin of history. Bond fraud, bubble devotion, and QE will be the captions read in the annals of this chapter of ruin. Next stop is the New American Third World. It is a lock, with 17 of 20 requirements met.

    read more!


March 28, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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.


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.


March 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: An Acceleration Of The Global Power Shift!

Bix Weir: Disappearance of Dollar Happens This Year!

  • Bix Weir – Disappearance of Dollar Happens This Year! 
    by Greg Hunter’s 
    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!


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
    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!


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
    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!


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 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, 
    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!



March 12, 2015 Posted by | Economics | , , , , , , , , , , , , | Comments Off on The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk!


Get every new post delivered to your Inbox.

Join 969 other followers