Socio-Economics History Blog

Socio-Economics & History Commentary

Bill Holter: China Will Flip the Switch on the Gold Price!

  • Published on Mar 21, 2015
    Once again we bring on a very popular guest, Mr. Bill Holter. Bill is very vocal on how corrupt governments and central banks are mismanaging (or outright destroying) the western economy, before our very eyes. Bill is also highly regarded for his investment knowledge, and thousands of investors follow his writing every week on MilesFranklin.com. It was great to get Bill on once again, and to get his comments on the new political developments from Asia.

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    Takeaways from this week’s interview with Bill Holter:
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    ● How the federal reserve has few options when dealing with the US economy moving forward
    ● Real reasons behind quantitative easing explained
    ● How China will trigger a huge shift in the gold market!
    ● Implications of the new Chinese led Asian Infrastructure Investment Bank (AIIB) – a competitor to The World Bank….
    ● The way Bill has structured his own gold portfolio

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March 24, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

Bix Weir: Disappearance of Dollar Happens This Year!

  • Bix Weir – Disappearance of Dollar Happens This Year! 
    by Greg Hunter’s USAWatchdog.com 
    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.”
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    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.”
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    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.”
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    read more!

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March 23, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | 1 Comment

Why We’re Drifting Towards World War 3!

WW3 is near?

WW3 is near?

  • Why We’re Drifting Towards World War 3! 
    by WashingtonsBlog
    Financial Experts:  World War Looms … Unless We Stop It
    The Economist argues that there are ominous parallels between the conditions which led to the first world war and today:
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    The United States is Britain, the superpower on the wane, unable to guarantee global security. Its main trading partner, China, plays the part of Germany, a new economic power bristling with nationalist indignation and building up its armed forces rapidly. Modern Japan is France, an ally of the retreating hegemon and a declining regional power. The parallels are not exact—China lacks the Kaiser’s territorial ambitions and America’s defence budget is far more impressive than imperial Britain’s—but they are close enough for the world to be on its guard.
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    Which, by and large, it is not. The most troubling similarity between 1914 and now is complacency. Business people today are like business people then: too busy making money to notice the serpents flickering at the bottom of their trading screens. Politicians are playing with nationalism just as they did 100 years ago. China’s leaders whip up Japanophobia, using it as cover for economic reforms, while Shinzo Abe stirs Japanese nationalism for similar reasons.
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    The New Republic points out that global downturns can lead to war:
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    As the experience of the 1930s testified, a prolonged global downturn can have profound political and geopolitical repercussions. In the U.S. and Europe, the downturn has already inspired unsavory, right-wing populist movements. It could also bring about trade wars and intense competition over natural resources, and the eventual breakdown of important institutions like European Union and the World Trade Organization. Even a shooting war is possible.
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    The Telegraph notes that the economic crisis in Europe is increasing tensions:

    Tensions between European countries unseen in decades are emerging.
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    (Indeed, Europe is stuck in a downturn worse than the Great Depression.)
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    Well-known economist Nouriel Roubini tweeted from the gathering of the rich and powerful at the World Economic Forum in Davos last year:

    Many speakers compare 2014 to 1914 when WWI broke out & no one expected it. A black swan in the form of a war between China & Japan?
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    read more!
http://www.express.co.uk/news/world/462565/China-and-Japan-on-the-brink-of-Third-World-War

Click on image for article!

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March 23, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

When The World’s Reserve Currency Flash Crashed: “I Haven’t Seen Anything Like It Since The Financial Crisis’!

USDX-20150319

USD_flashcrash_vs_JPY_EURO-20150319

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March 23, 2015 Posted by | Economics | , , , , | 1 Comment

Global Trade Grinds To A Crawl !

Container_cargo-ship_crashing_tilting

  • Global Trade Grinds To A Crawl! 
    by Tyler Durden, http://www.zerohedge.com
    At the start of this month, those who contend that depression-level readings on the Baltic Dry are no longer very meaningful because at this juncture, the index simply shows the extent to which the industry is oversupplied got a rude awakening when the CEO of the company (Maersk) that handles nearly a fifth of global seaborne freight decided to ruin everyone’s day by daring to suggest that in fact, global growth is rather abysmal and will likely continue to depress demand the world over. Worse, Skou went as far as saying that the days of 10% container growth for his industry are probably gone forever and yet despite it all, he’s buying more ships in what FT says is an effort to “help the company maintain its market leadership position,” which is of course just a nice way of saying that now many be a good time to eliminate the competition. As an aside, Skou also didn’t seem to share Richard Fisher’s assessment of the US as an “epicenter” of growth, saying America was “good but not great,” suggesting that as Rick Santelli told Fisher, it’s easy to score at the upper end of the range on a scale of 1-10 when a “1” basically equates to a deflationary death spiral and “10” just means something akin to not-collapsing. 
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    Here’s how we summed up the situation at the time: 
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    read more!

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March 23, 2015 Posted by | Economics | , , , , , | 1 Comment

Paul Craig Roberts: Cracks In Washington’s Empire!

BRICS-AIIB

  • Paul Craig Roberts: Cracks In Washington’s Empire! 
    by http://www.paulcraigroberts.org/ 
    Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join.
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    Washington uses its development banks such as the Asian Development Bank, the World Bank, along with the IMF, in order to exercise financial and political hegemony. These banks are crucial elements of American economic and political imperialism.
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    The Chinese-led bank will, of course, be much more effective. The Chinese will use the bank to actually help countries and thereby make friends and grow trust, whereas Washington uses its banks for domination by force.
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    This new bank, together with the BRICS Bank, will provide countries with escape routes from Washington’s domination.
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    The Evil Empire is beginning to crack. It will crack more as the Russian-Chinese alliance unfolds its potentials and when European capitals understand that hegemonic Washington has put their existence at risk in order to try to prevent Russia’s rise. The crazed American and British neocon nazis, and their dupes among the populations, comprise the greatest human threat that the world has ever known. The sooner the Evil Empire collapses, the safer the world will be. Here is the report:
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    http://thebricspost.com/eu-allies-defy-us-to-join-china-led-asian-bank/#.VQe4BCkRW-M

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March 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

The Central Banks Will Not Be Able to Control This! US$9 Trillion: US Dollar Carry Trade is Imploding!

USDX-18March2015

  • The Central Banks Will Not Be Able to Control This! 
    by Phoenix Capital Research, www.zerohedge.com 
    The biggest issue facing the finacial system today is the US Dollar rally. 
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    The Fed and other Central Banks are trying to maintain the illusion that they have everything in control by talking about interest rates, but the reality is that the US Dollar carry trade is ABOVE $9 trillion in size. That is almost as big as ALL of the money printing that occurred between 2009 and 2013.
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    And it’s imploding as we write this.
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    Globally, the world is awash in borrowed money… most of it in US Dollars. The US Dollar carry trade is north of $9 trillion… literally than the economies of Germany and Japan COMBINED.
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    When you BORROW in US Dollars you are effectively SHORTING the US Dollar. So when the US Dollar rallies… you have to cover your SHORT or you blow up.
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    And the US Dollar has been rallying… HARD. Indeed, the move that began in July 2014 is already larger par in scope with that which occurred during the 2008 meltdown.
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    read more!

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March 21, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

Low Rates Will Trigger Civil Unrest as Central Banks Lose Control – BIS

The BIS warned that the low rate environment could result in a backlash from ordinary people whose savings were being eroded away Photo: AFP

The BIS warned that the low rate environment could result in a backlash from ordinary people whose savings were being eroded away Photo: AFP

  • Serpents warning about the problems they have created, pretending to be saviors, the good guys.
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  • Low rates will trigger civil unrest as central banks lose control – BIS 
    by Szu Ping Chan, http://www.telegraph.co.uk/ 
    Bank for International Settlements warns that low rates risk backlash as effects spill over into the real economy.
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    Low inflation, bond yields and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned.
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    The Swiss-based “bank of central banks” said the “sinking trend” of global rates would push countries further into uncharted territory. It highlighted that $2.4 trillion (£1.6 trillion) of long-term global sovereign debt was now trading at negative yields, with an increasing number of investors willing to pay governments for the privilege of lending to them.
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    “As bond markets show us day after day, the boundaries of the unthinkable are exceptionally elastic,” said Claudio Borio, head of the Monetary and Economic department at the BIS. “The consequences should be watched closely, as the repercussions are bound to be significant.”
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    The BIS warned that the low rate environment, which has already led to gaping pension deficits and lower bank profits, could risk a backlash from ordinary people whose savings were being eroded away.
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    It said 20 central banks had eased monetary policy over the past three months alone. Mr Borio noted that the low rate environment had become so acute that even the International Monetary Fund had set a floor on its special drawing rights – which serves as the IMF’s own form of international currency.
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    read more!
https://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article!

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March 21, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , | Leave a 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 USAWatchdog.com
    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.”
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    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.”
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    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.
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    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

The Titanic Sinks At Dawn!

Global financial system Titanic hits iceberg!

Global financial system Titanic hits iceberg!

  • The Titanic Sinks At Dawn! 
    by , http://deviantinvestor.com/ 
    What Titanic?  The RMS Titanic, or any of the following:
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    * A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown.  It could happen again since there is now more debt, leverage, and risk than in 2008.
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    * A titanic accumulation of debt – global debt is approximately $200 Trillion. Global population is about 7,000,000,000 so there is about $28,000 in debt per living human being.  If global debt were backed by all the gold mined in the history of the world, an ounce of gold would back $36,000 in debt.  Gold currently sells for less than $1,200.  Gold is undervalued and there is an excess of debt.
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    * A titanic increase in debt in the past decade. Official US debt increased by over $10,000,000,000,000 in the past ten years.  What did the US gain from the increase of $10 Trillion in debt?  Are debt accumulation and expense policies materially different in Europe or Japan?  Was the debt used to create productive assets or was it just flushed down the toilet into non-productive expenditures?  THE BENEFIT IS GONE, BUT THE DEBT REMAINS.  This debt accumulation policy is neither good business nor sustainable.
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    * A titanic bond bubble. Since interest rates are currently at multi-generational lows, or 700 year lows in Europe, or perhaps all-time lows, that strongly suggests a bubble in bonds.  Would you buy a bond from an insolvent government knowing the government will pay you next to nothing in interest over the next ten years?  Further, the government is guaranteeing a devalued currency so any dollars, euros, or yen you eventually receive will be worth much less in purchasing power than today.
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    * A titanic currency bubble in the US dollar, which just hit a 12 year high after a parabolic rise since May last year. Experience with parabolic rises suggests extreme caution.
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    * A titanic collapse in the crude oil market. Supply is strong, demand is weak, and prices have fallen to about $45 from about $105 last June.  The last time crude oil prices fell was from July to October 2008, a most difficult time.
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    The titanic creation of paper assets such as bonds, currencies, and stocks has created substantial risk.  That risk has spilled over into the crude oil, gold and silver markets since they are strongly influenced by the paper derivative markets – paper contracts for crude oil, paper gold, and paper silver.  Leverage and derivatives magnify risk.  The instability will eventually create a second version of the 2008 recession/depression.
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    read more!

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March 20, 2015 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt!

Counterfeiters_in_Chief_Draghi_Bernanke

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March 19, 2015 Posted by | Economics | , , , , , | 1 Comment

How Low, Will It Go? Crude Oil Continues to Fall, Now Below $43 a Barrel !

March 19, 2015 Posted by | Economics | , , | 1 Comment

There is Austerity for People But Not for Europe’s Economic, Political Elite!

  • Published on Mar 18, 2015
    Protesters in Frankfurt gathered to sabotage the opening of the European Central Bank’s new €1.3 billion campus. For many Europeans, the huge luxury offices built in the midst of an economic recession represent everything that is wrong with the institution. RT talks to Costas Panayotakis, an author and professor of sociology at the New York City College of Technology.

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March 19, 2015 Posted by | Economics | , , , , , , , , , , | 1 Comment

Tensions Over Ukraine Crisis Could Trigger Nuclear Confrontation: Analyst

http://www.presstv.com/Detail/2015/03/17/402261/US-Russia-row-could-ignite-Nwar

Click on image for article!

  • The western Illuminati has 1final card to play: Satanic WW3! If they win, they can simply tell the world to goto HELL and insists all their debts be cancelled and make the losers pay reparations for the WW3 they caused!
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  • From a spiritual perspective, this Satanic WW3 is simply a massive blood sacrifice genocide of the sheeple to welcome (usher in) the Anti-Christ (and the fallen angels to planet earth).
https://larouchepac.com/20150115

Click on image for article!

https://larouchepac.com/20141224

Click on image for article!

March 18, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Super-Bubbles And Unprecedented Global Collapse – Time Is Running Out!

White_House_US_Flag_Burning

  • Super-Bubbles And Unprecedented Global Collapse – Time Is Running Out! 
    by http://www.kingworldnews.com
    Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that we are now living in world of super-bubbles that has the planet headed toward an unprecedented global collapse and, importantly, time is now running out.

    Egon von Greyerz:  “Eric, we are now at the endgame and this is the biggest economic and financial bubble in history.  Virtually every country in the world is under enormous pressure.  But one country believes it is immune to all these problems around the world and that is, of course, the United States.

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    With both U.S. stocks and bonds near the highs and the dollar (recently) surging, it seems that the U.S. is still an invincible superpower.  But sadly, Eric, the U.S. will just be the last country to fall and that fall is imminent….
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    read more!

Global_Economic_Crisis

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March 17, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

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