Socio-Economics History Blog

Socio-Economics & History Commentary

COLLAPSE PROTECTION: Ounces of Gold Needed. Canada and More. Q&A with Eric and Lynette

  • ITM Trading Streamed live on Apr 17, 2018
    Questions: https://www.itmtrading.com/blog/colla…
    Question 1. Brett S: How many ounces do you all think you need to be safe on the other side of this collapse?
    Question 2. Lynda G: does your advice apply to Canadians… meaning not leaving much in bank accounts and investing in gold and silver?
    Question 3. Michal S: Bail Ins, I know for sure this will affect checking and saving accounts, but … are business accounts safe?
    Question 4. John: should I borrow money on a low fixed rate loan to buy metals?
    Question 5. Jessy J: Which is more probable–a “cashless” system for transactions, or a revaluation with physical currency of larger denominations (the India tactic)?

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse

  • “They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse
    by Mac Slavo, April 15th, 2018, SHTFplan.com 
    The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, and it’s going to be brutal. Big banks and governments know what’s coming and they are preparing for this eventuality by stockpiling huge amounts of “real money” ahead of the crisis.

    According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver. The answer to why they’re doing it is simple, as Neumeyer highlights in a recent interview with SGT Report:

    The verdict is still out on whether we’re going into a dis-inflationary or inflationary environment… gold can do well in both environments… the fact of the matter is governments are printing extraordinary amounts of fiat currencies and that is not going to change…

    The stage is set for higher gold prices due to the amount of money being printed… I am of the belief a major reset is coming where the governments of the world will need to get rid of their debt by fixing everything to the price of gold… and that’s why governments like China and Russia and other governments around the world are accumulating gold… it’s because they know what’s going to happen over the next several years…

    read more.

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April 17, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

End of EU: Macron Failures Could Bring Bloc CRASHING DOWN Under Wave of Euroscepticism

  • End of EU: Macron Failures Could Bring Bloc CRASHING DOWN Under Wave of Euroscepticism
    by JOE BARNES, BRUSSELS CORRESPONDENT, https://www.express.co.uk/
    EMMANUEL MACRON’S proposed European Union reforms could give rise to a fresh wave of euroscepticism across the Continent if they fail, according to a leading expert.

    The French President has suggested a host of “colourful ideas” of how the EU should be changing, including the installation of a Eurozone finance minister, but faces tough opposition from across the bloc to implement them, according to Open Europe policy analyst Leopold Traugott.

    The so-called Franco-German motor behind the EU has been faltering of late, with cooperation between the two nations not living up to expectations. After a meeting with German Chancellor, Mr Macron admit his pro-European reforms cannot be enacted without the help of Berlin. As well as an EU-wide finance minister, other reforms include a joint Eurozone budget and and institute to oversee the entire bloc’s economic policy.

    read more.
https://www.express.co.uk/news/world/907849/Angela-Merkel-Emmanuel-Macron-Germany-France-European-Union-United-States-Europe

Click on image for article.

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April 16, 2018 Posted by | Economics, GeoPolitics | , , | Leave a comment

Bill Holter: Syria So Very Very Dangerous

  • Bill Holter: Syria So Very Very Dangerous
    by Greg Hunter’s USAWatchdog.com  
    Financial writer and gold expert Bill Holter says China has a lot of weapons to fight a trade war with the U.S. China could stop buying Treasury bonds (as it reportedly already has done).  It could sell Treasury bonds.  It could slash the value of the Yuan, or something much simpler could happen such as a failed delivery of physical precious metals.  Holter says, “If what has happened so far in the first three months of the year were to continue for the full year, you would be over three billion ounces (of silver).  That is not deliverable.”What happen when the world figures out that three billion ounces of physical silver cannot and will not be delivered to the buyers? Holter explains, “That’s called an old fashion run on the banks.  It will be a run on the entire system.  You would have a run on every metals exchange, and you would probably have runs on many physical commodities.  Confidence throughout the whole system would break.  You would basically show the western fractional reserve system is a fraud and has been for many, many years. . . . Can London deliver a billion ounces, or two billion ounces or three billion ounces of silver?  The answer to that is no.”


    So, when does this all blow up? Holter says, “I think this whole thing has a very good chance of blowing this year.”

    There are a variety of financial trip wires, according to Bill Holter, such as thousands of sealed criminal indictments that will be unsealed in 2018. Holter also points out the explosion of global debt.  Holter charges, “It’s now $237 trillion.  The amount of debt grew by $21 trillion globally over the last 12 months. That’s roughly 10 %.  How much did global GDP grow?   2% or 3%, I mean that is totally unsustainable.”

    The biggest worry for Holter right now is escalating military action in Syria. Holter warns, “This is so, so dangerous.  Obviously, you worry about a hot war because with the weapons you have today, you could have WWIII start in a heartbeat.  But look at the market today.  It’s up 400 or 500 points.  You have talk of trade wars.  You have talk of hot wars.  It amazing the markets can hold together and ignore potential annihilation.”

    In closing, Holter says, “This is math logic and common sense. This is no longer opinion.  You could go back to 2006 and 2007, and it could be argued it was opinion at that point.  It’s no longer opinion.  It’s pure math.  The system is unsustainable.  We’re headed for a train wreck.  Do I absolutely know it’s going to be this year?  No, I don’t know that, but you can see the events are piling up so quickly it certainly looks like it’s going to come to a crescendo very soon.”

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April 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Harry Dent: Prepare for Zero Hour – A Full Financial Reset is Here!

April 11, 2018 Posted by | Economics | , , , , , , , | Leave a comment

“We Understand The Chinese Government Has Halted Purchases Of US Treasuries”: SGH

  • “We Understand The Chinese Government Has Halted Purchases Of US Treasuries”: SGH
    by Tyler Durden, https://www.zerohedge.com/
    On Friday, we reported that among the five “nuclear” options available to Beijing to retaliate against Trump’s latest $100BN in proposed import tariffs, was the choice whether to sell US Treasuries. But what if Beijing did not want to unleash a full-blown market nuke, and instead was hoping for a targeted, EMP hit?

    Then it would simply stop buying US paper, instead of dumping it outright; in the process it wouldn’t hurt the US too much – avoiding a furious tit-for-tat response – but would still send a clear signal to the White House, whose fiscal spending plan will more than double net Treasury issuance this year from under $500BN to over $1 trillion, and which needs every possible marginal buyer of US paper, both domestic and foreign.

    Which is precisely what a new report by SGH Macro Advisors claims. According to the consultancy, a long-time favorite of macro hedge funds, Beijing has twice threatened deliberately targeted tit-for-tat punitive measures against the US to date: “first, in response to the Trump Administration’s threat of steel and aluminum tariffs, and second, in response to broader measures aimed at $50 billion of products that lie directly at the heart of Chinese technology transfers, intellectual property violations, and strategic, “Made in China 2025” plan.

    But even as US cabinet officials lined up yesterday to calm jittery equity markets, SGH says in a note released over the weekend that “China had already signaled an aggressive and potentially more ominous escalation in the developing trade wars to the White House“:

    read more.

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April 10, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …

  • Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …
    by http://goldenjackass.com/main5.html
    April 8th:  topics covered include the global rebellion against the USDollar for its monopoly in trade payment as well as bank reserves, the non-USD platforms in global finance, the dead OPEC cartel, the new Russian Rosneft Oil Consortium (based not in USD), the direct backfire with failure in every single USGovt foreign policy since 2001, the bank heist at the World Trade Center, the trade war with China which began in 2005, the sequence of events since 1999 with China on the Hong Kong regional conversion with USGovt gold lease reneged upon followed by massive dumping for Fannie Mae bonds which resulted in the Lehman failure and Chinese confiscation of the JPMorgan HQ property with mixed USFed monetary policy like Operation Twist, the absent gold reserves for the USGovt all stolen by Bush & Clinton & Rubin, the non-starter of a gold-backed new USDollar which requires US re-industrialization, the wise strategy to sell stocks & bonds followed by buying Gold & Silver coins & bars (as in sell high, buy low), the fast growth in the Belt & Oil Initiative based in $8 trillion of projects all outside the USDollar, the vengeance in trade tariffs where the US corporations lose out on canceled large deals, ending with international disgust for the USGovt uncontrollable debt and improper trade deficit funded by printed USDollars

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April 10, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

DOLLAR Will Be REPLACED, “It’s Been Bloodshed” | David Moadel

  • FinanceAndLiberty.com Published on Apr 7, 2018
    David Moadel from PortfolioWealthGlobal.com explains that demand for cryptocurrencies and the Yuan are causing the Dollar to decline. It won’t take long for the Dollar to lose its world reserve currency status.

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April 10, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Eurozone on Verge of DEBT-POOLING: Macron Urges Spain to Back Controversial Plans

  • Eurozone on Verge of DEBT-POOLING: Macron Urges Spain to Back Controversial Plans
    by DAVID DAWKINS, https://www.express.co.uk/
    PRESIDENT Emmanuel Macron has been forced to act in his effort to further integrate Eurozone finances after sending finance minister Bruno Le Maire to reaffirm Spanish commitment to French federalist reform.

    The hasty dispatch of the Mr Macron’s finance chief to Madrid this week comes against a backdrop of suspicion over greater Eurozone integration in Italy, and harsh words from the Czech Republic.

    While Italy looks to scrap the controversial EU-imposed Fornero law, the Czech Republic has rejected contributing to the bailout of Greece before it enters the Eurozone. However, the French and Spanish are very much pulling in the other direction.

    Mr Macron – dubbed the “new leader of Europe” after his election victory last year – has made no secret of his plans to install a eurozone budget, a eurozone finance minister, a single deposit-guarantee fund to complete the banking union and tax harmonisation, all paving the way for the potential pooling of Eurozone debt.

    With Spain’s economy in doubt over the ongoing crisis in Catalonia, French finance minister Bruno Le Maire was the first to visit new Spanish economy chief Roman Escolano on Thursday.

    Top of the agenda was said to be Mr Macron’s campaign for a Eurozone budget to bolster the bloc against a future economic crises. Mr Macron is not alone. A potential Eurozone budget has been championed by head of the International Monetary Fund (IMF) Christine Lagarde who recently called on leaders to set up a “rainy day fund” as they battle “forceful” economic “headwinds”.

    In a speech in Berlin, Ms Lagarde alluded to the need for the Eurozone to protest against the so-called “populism” as seen in Brexit and the Italian elections, and the protectionism of President Trump’s trade tariffs.

    On the issue of a deeper fiscal integration, she promised that, “within the next six months or so there could be a meeting of minds on the general principles and timeline”.

    read more.
http://www.breitbart.com/london/2017/12/18/merkelmacron-agree-eurozone-budget-finance-ministry-plans/

Click on image for article.

https://www.express.co.uk/news/world/907849/Angela-Merkel-Emmanuel-Macron-Germany-France-European-Union-United-States-Europe

Click on image for article.

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April 9, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , | Leave a comment

The Hammer Is About To Fall, The Central Banks Are Obsolete

April 9, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

MASSIVE U.S. Store Closures in 2018! Can You Guess the Only Company Opening Stores?

April 7, 2018 Posted by | Economics | , , , , , , | Leave a comment

There Is A Silent War Being Waged Behind The Scenes

  • X22Report Published on Apr 6, 2018
    Facebook had plans to take people’s private medical records and correlate with their information on Facebook. Zuckerberg’s messages have been deleted which include messages from the executive staff. Russia demolishes the poisoning hoax. The UK might not get out of this one. Nikki Haley threatens Russia. Erdogan tells France to choose sides, deep state or not. Q drops some major intel, there is a silent war happening right now, the internet might be paused or shutdown temporarily. The war between the deep state and Trump is now heating up.

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April 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: Gold Still Rises In Price Even AFTER The Reset

  • Lynette Zang: Gold Still Rises In Price Even AFTER The Reset
    by https://www.silverdoctors.com/
    Lynette has new information on the coming reset based on happenings in Venezuela and the proposed legislation in the U.S. Congress. Here’s the details… from Lynette Zang of ITM Trading:

    Question 1: Venezuela has done the reset of its currency to gold. Does this means that the reset is dependent on each country’s government and only those facing a crisis like Venezuela? Will there be an eventual reset on a global level such that all countries will reset their currency to the true fundamental gold value?

    Question 2: Should I sell my gold/silver bullion for junk silver coins or silver eagles?

    Question 3: I was waiting on Lynette’s response about what would happen to a TD Ameritrade account upon a systemic failure, hopefully you can squeeze this in.

    Question 4: House bill 5404 on gold standard. Your thoughts?

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April 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

China Mentions The ‘Nuclear Option’ We Could Dump Treasuries

  • X22Report Published on Apr 5, 2018
    India bans bitcoin wallets and trading cryptocurrencies. Venezuela is doing the opposite, they want to pay for goods using their cryptocurrency. The US has the largest trade deficit since the financial crisis. Trump pushes trade wars with China, tries to get other countries involved. China says they might use the nuclear option, sell treasury bonds. This is what Trump is pushing for, the dumping of Treasuries to put the central bank in a bind to show they are purchasing them all.

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April 6, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

The FedRes Is Lying, Raising Rates Will Send The Economy Into An Insane Recession: David Moadel

April 6, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment