Socio-Economics History Blog

Socio-Economics & History Commentary

Robert David Steele: What Trump’s About To Do Is SHOCKING!

February 18, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 2 Comments

Gold Activated, [CB] Currency Will Enter Crisis Mode: Daniel Ameduri

February 18, 2019 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Europe Deflationary COLLAPSE Accelerates! Trillions Printed and Economy Still In Crisis Mode

February 16, 2019 Posted by | Economics | , , , , | Leave a comment

Global Currency Reset: This is WHY Central Banks Are Now HOARDING GOLD

  • SGTreport Published on Feb 13, 2019
    Author Ken Schortgen joins me to discuss the coming global monetary reset which, as Ken explains, cannot be avoided. Ken notes that central banks around the world are now buying gold in volumes not seen since 1971, and the reason is likely because massive changes are coming to the global banking system on March 31st.

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February 14, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

The Call Goes Out, The Move Against The Central Banks Begin

  • X22Report Published on Feb 13, 2019
    The European economy is in a recession or almost there, they are the weak link the global economy. More people are out of the food stamp program than every before. This is part of the plan to reduce the dependency on government. Howard Schultz rips apart the Green Deal. The D’s are pushing the idea that because of Trump people are not getting big refunds, very misleading. Italy pushes the idea to get rid of or restructure the [CB]. In the TBAC minutes they make reference that the dollar might not be the reserve currency.

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February 14, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

China on Gold-Buying Spree Amid Global Push to End US Dollar Dominance

  • China on Gold-Buying Spree Amid Global Push to End US Dollar Dominance
    by https://www.rt.com/
    Beijing has joined the global gold rush, increasing its gold reserves for two months in a row to 59.94 million ounces. China has long been silent on its holdings of gold as many countries are turning away from the greenback.

    China’s national gold reserves rose by 0.38 million ounces (nearly 12 tons) at the end of January from 59.56 million ounces at the end of December 2018, according to data released by the People’s Bank of China on Monday. The value the country’s holdings of the precious metal reached US$79.319 billion, increasing by more than $3 billion compared to the end of last year.

    Before December, the Chinese central bank had not reported an increase in gold reserves for more than two years, and the official figures remained unchanged from October 2016 to November 2018, standing at 59.24 million ounces.

    read more.

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February 13, 2019 Posted by | Economics | , , , , , | Leave a comment

Is Italy Preparing For COLLAPSE? Italy Tightens Grip On Huge Gold Reserves!

February 13, 2019 Posted by | Economics | , , , , , | Leave a comment

The Value of The Dollar Has No Guarantee Whatsoever — The Coming Revaluation of The Price of Gold

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

  • The Value of The Dollar Has No Guarantee Whatsoever — The Coming Revaluation of The Price of Gold
    by Egon von Greyerz, https://goldswitzerland.com/
    The statement above is of course totally accurate for a country running budget and trade deficits for over half a century with a total debt, including unfunded liabilities, in the hundreds of trillions of dollars.

    It could have been said today, but it actually dates back to August 1971 when the People’s Daily in China declared the beginning of the end for the monetary system of the capitalist world.
    ….
    THE CHINESE PREDICTED THE DOLLAR FALL
    Starting my working life in a Swiss Bank in Geneva two years before Nixon’s fatal decision, I have experience of that fall of the dollar that the Chinese predicted. In 1970, there were 4.30 Swiss francs to the dollar. Today you get just under one Franc for one US$. That is a catastrophic collapse of 77% of the world’s reserve currency in almost 50 years. If we look at the graph of the dollar against the Swiss franc below, we can see that this currency pair has been in a long consolidation at the bottom since 1987.

    Gold and the other precious metals are on the way to new highs. There are two different paths for gold. One, which is favoured by some market experts, is a reset orchestrated by the IMF and the World Bank leading to a gold backed SDR. That would involve gold trading ceasing for a limited time, starting one weekend. When the market opens again, gold will be revalued to a much higher level which in US dollar terms could be $5,000, $10,000 or higher.

    The other alternative is that market demand and pressures make gold rise very fast to new highs, and way beyond that, in the next few years. This would be a disorderly reset.

    Since I would have no faith in the first official reset which will be fake and not solve any of the world’s problems, we are likely to see the second reset in any case. At that point the gold paper market will go to zero and the physical gold market to unthinkable heights.

    In either case, the last chance of getting hold of gold at low prices, or at all, is now. Gold is unlikely to wait for a bigger number of investors to get in at these prices. So now is the time to get on the Gold Wagon before it is too late.


    read more.

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

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February 12, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

Massive Swamp Draining, FedRes Takeover, 16th Amendment Rescinded: Robert David Steele

February 9, 2019 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE

Kabooooom!

  • Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE
    by http://patriotrising.com/
    The debt crisis in the United States of America has reached apocalyptic proportions.  A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.

    According to a recent analysis of the 75 most populous cities in the United States, 63 of them can’t pay their bills and the total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.  That means those depending on that money, likely won’t see a dime of it.

    “This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual “Financial State of the Cities” report produced by the Chicago-based research organization, Truth in Accounting (TIA), states. TIA is a nonprofit, politically unaffiliated organization composed of business, community, and academic leaders interested in improving government financial reporting.

    Many state and local governments are not in good shape, despite the economic and financial market recovery since 2009,” Bill Bergman, director of research at TIA, told Watchdog.org.

    The top five cities in the worst financial shape are New York City, Chicago, Philadelphia, Honolulu, and San Francisco. These cities, in addition to Dallas, Oakland, and Portland, all received “F” grades. In New York City, for example, only $4.7 billion has been set aside to fund $100.6 billion of promised retiree health care benefits. In Philadelphia, every taxpayer would have to pay $27,900 to cover the city’s debt. In San Francisco, it would cost $22,600 per taxpayer.

    read more.

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February 9, 2019 Posted by | Economics | , , , | Leave a comment

Keiser Report: Are We Back on a Gold Standard? (E1342)

  • RT Published on Feb 7, 2019
    Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report from Mexico, Max and Stacy discuss central banks on a gold buying spree and what that suggests is in our global monetary and trade policy future. The volume of gold buying has not been seen since 1967 when the world was, in fact, on a gold standard. Does this indicate we are, indeed, back on a quasi-gold standard if USD trade surplus is being converted into hard money, regardless of formal agreements to that effect? In the second half, Max talks to Bill Barhydt of Abra about their new product which will essentially create a bitcoin standard for the world by turning BTC into a unit of account.

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February 8, 2019 Posted by | Economics | , , , , , , | Leave a comment

Wells Fargo Shutdown…is Deutsche Bank Next? (Bix Weir)

  • RoadtoRoota Published on Feb 7, 2019
    Wells Fargo is currently offline and everyone is scratching their head as to WHY they don’t have a backup system…hmmm. Maybe it’s a trial run! Then we have the Lefty’s looking to destroy the #1 Derivative counter-party on planet Earth…What could go wrong there?!

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February 8, 2019 Posted by | Economics, Social Trends | , , , , | Leave a comment

David Stockman: Central Banks Created Fiscal Doomsday Machine — FedRes is Enemy of MAGA

  • David Stockman: Central Banks Created Fiscal Doomsday Machine – FedRes is Enemy of MAGA 
    by Greg Hunter’s USAWatchdog.com 
    Reagan White House Budget Director and best-selling author David Stockman says Fed policies over the last couple of decades hit the middle-class hard. Stockman contends, “The Fed drove up costs, prices and wages at 2% come hell or high water. You do that for two or three decades and, all of a sudden, you are totally uncompetitive. You have the highest cost structure in the world economy, and the jobs and production migrate to where companies can find lower costs and better profits. So, the Fed hit the economy and the middle-class, what I call fly-over America, with a double whammy. The Fed’s 2% inflation drove jobs offshore and undermined wages and the middle-class economy. At the same time, it vastly inflated and subsidized a massive gambling spree and financial asset inflation on Wall Street. . . . Not only was this (Fed) policy the enemy of MAGA . . . it also created a dangerous distortion in the distribution of national wealth.”


    Stockman points out that debt is the highest ever in almost every sector of the economy, and much of it is never getting paid back. Is there a big global default coming? Stockman says, “Yes, it is very likely, and this is why it is so dangerous to be in the stock market today because the whole thing is propped up by debt. As soon as the defaults begin to cascade through the system, there is going to be a tremendous correction. At the same time this debt was exploding from $40 trillion to $250 trillion (globally), the balance sheet of the central banks went from $2 trillion to $25 trillion. . . . The central banks of the world have taken their balance sheets from $2 trillion to $25 trillion in roughly two decades, and all of that is one giant fraud because to buy all those assets . . . they just made it up. It was fiat credit. They issued credit . . . made out of thin air. So, what we have in the world economy underpinning this $250 trillion of debt is a massively bloated and fraudulent central banking system and balance sheet that made all this possible.”

    read more.

http://www.wnd.com/2008/03/59405/

Click on image for article.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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February 7, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Central Bank Controlled, World Bank Controlled, Globalist System Ripped Apart, Next Boom Coming

  • X22Report Published on Feb 6, 2019
    German factory orders plunge the most since 2012. The European economy is hitting the wall, the CB are stuck an they don’t have a way out of this. Trump nominates David Malpass as the next President of the World Bank. First Trump went after the Fed, it is not controlled, then went after the globalist trade deals, he ripped them apart, then went after the trade deals with other nations, now the World Bank, the economic swamp is being drained.

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February 7, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Will Stocks CRASH If the FedRes Doesn’t Print Money?

February 6, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment