Socio-Economics History Blog

Socio-Economics & History Commentary

The Agenda Is Set, The Dollar Will Begin To Lose It’s World Dominance

  • X22Report Published on Feb 16, 2018
    Global trade wars have begun. Tariffs are being considered, Trump will make the decision by April 11. The last time the American public was so confident the stock market crashed. This is when the central bankers make their move, when everyone feels good and the illusion takes hold they bring the whole thing down. China is ready and prepared to go live with their petro yuan futures. This is to challenge the petro dollar. Is this the end of the petro dollar, yes but it has nothing to do with the petro yuan. Be prepared the central bankers are getting ready to bring down the economy.


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

The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency — James Rickards

Click on image for article.

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

New Date Set For Launch Of Petro-Yuan (Oil-For-Yuan Contract)

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  • New Date Set For Launch Of Petro-Yuan (Oil-For-Yuan Contract)
    Could we finally see the much anticipated launch of the oil-for-yuan contract?. According to this official source, that would be a “yes”… News is coming in today of a launch date for the long anticipated oil-for-yuan contract. Here’s more from Reuters (bold added for emphasis):

    BEIJING (Reuters) – China plans to launch its long-awaited crude oil futures contract on March 26, the country’s securities regulator said on Friday, a move that could potentially shake up pricing of the world’s largest commodity market.

    Chang Depeng, a spokesman for the China Securities Regulatory Commission (CSRC)
    , gave the launch date at a regular briefing in Beijing, confirming what two sources familiar with the situation told Reuters earlier on Friday.

    The launch will mark the culmination of a years-long push by China to create Asia’s first oil futures benchmark, and is aimed at giving the world’s biggest oil importer more clout in pricing crude sold to Asia.

    It will potentially give the Shanghai International Energy Exchange (INE), which will operate the new contract, a share of the trillions of dollars each year in oil futures trading. The Shanghai Futures Exchange (ShFE) and INE, which is part of the ShFE, declined to comment.

    Asia has become the world’s biggest oil consuming region, and China hopes its own derivative crude contract will better reflect market conditions in the region.

    read more.


February 10, 2018 Posted by | Economics | , , | 1 Comment

Jim Willie: Dollar Rejection, Gold Trade Notes, Cryptos … Bond Market Storm

  • Jim Willie, GoldenJackAss
    February 5th:  a wide variety of topics were covered within the diverse financial system, with a firm attempt to integrate the many concepts, platforms, and events within the crypto currency and blockchain arena, but with emphasis given by the Jackass to the primary event of today being the death march of the King Dollar and the sunset of the Petro-Dollar system


February 9, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Tensions Rising Between Israel, Lebanon Over Oil Assets

  • PressTV Published on Feb 5, 2018
    Tensions are rising between Israel and Lebanon over their joint hydrocarbon reserves with some speculating that economic gains could push Tel Aviv to declare its third war on Beirut.


February 6, 2018 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

Global Financial Crash? Oil PLUMMETS as Dow Jones Falls 1,175 Points in Huge Plunge

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

Chris Martenson: Rising Oil Price Will Pop this Bubble. Wealth Will Go Poof in Next Crash

  • Chris Martenson: Rising Oil Price Will Pop this Bubble. Wealth Will Go Poof in Next Crash
    by Greg Hunter’s 
    Economic researcher and futurist Chris Martenson says if you believe everything is great with the economic turnaround, you have to believe “fundamentals don’t matter.” Martenson explains, “Of course, fundamentals matter, but they don’t seem to these days.  Take every company that has a market cap of $2 billion or higher and a price to earnings (P/E) of more than 50 or higher and what do you get?  You get a list of 236 companies.  These are not small companies . . . these are big companies.  We saw a number of these things that showed up in 2000, but they were really concentrated in the tech sector.  This time . . . you’ve got bio tech, food companies, Yelp, 21 companies from the oil and gas sector.  These are all sorts of different sectors, and what we are seeing is caution to the wind and fundamentals don’t matter.  That means if you buy a company with a 50 P/E, you are willing to wait 50 years at current earnings to earn that dollar back.  I also found page after page of companies with 200, 300 and 400 P/E.  It’s astonishing.”

    Martenson points out that things like stocks and bonds are not wealth, but claims on wealth. Martenson says the paper side of the equation has “been growing twice as fast as the real stuff.”  Martenson goes on to say, “So, there always has to be a relationship to the claims we are making and the amount of real stuff. For now, let’s call the real stuff the GDP of nations of the world.  When you see the claims and GDP get really out of alignment, that’s historically always resulted in the claims going poof. That’s happened lots of times in history.”

    Martenson contends markets were not allowed to take their natural course in the 2008 financial meltdown. Martenson says, “In 2008, it broke.  It wasn’t just a housing bubble that broke.  That doesn’t explain why Greece went down.  Greece didn’t have exposure to the U.S. housing market.  Something else broke, and it was too much debt. . . . The Fed said we will fix that by adding more debt.  That was a crazy idea.  In 2008, it was like we fell off a 6 foot ladder.  It was kind of painful.  We should have allowed big institutions that made bad decisions to go bust, to allow the debt to burn itself out of the system.  We would be already rebuilding in a way younger generations could believe in.  Instead, the Federal Reserve tried to deny that reality . . . and triple down, and I fear now we are 22 rungs up an extension ladder.  This next fall is going to be really scary.  I am very worried when that next fall comes, we are going to see the destruction of quite a few things that are going to be worrisome. . . . It will blow at some point. . . . When this next downturn comes, it will be very, very rapid because we don’t have people in the markets anymore.  It’s all computers.  It will be very quick and very sudden and impossible for all those people to get out.”

    read more.


January 25, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Rob Kirby: When Oil-For-Yuan Contracts Launch They Could Be The Straw That Breaks The Camel’s Back

  • Rob Kirby: When Oil-For-Yuan Contracts Launch They Could Be The Straw That Breaks The Camel’s Back
    by Rob Kirby interviewed by Craig Hemke on Ask The Expert, via
    Rob Kirby says that China and Saudi Arabia may already be secretly using the oil-for-yuan contracts. Here’s what it means for the dollar. Rob Kirby interviewed by Craig Hemke on Ask The Expert:

    “When your biggest customer has a lot of problems, this tends to precipitate back on the person doing business with them.” Toronto-based author and analyst Rob Kirby ( returns to Ask the Expert for a wide-ranging discussion about the impact of the yuan-denominated crude oil contract, the future of the US dollar, and what declining US fortunes mean for Canada. Rob also gives his thoughts on Canadian mining shares and the latest on the silver manipulation civil lawsuits. Plus, Rob answers the question: what is the most undervalued asset on the planet? Don’t miss this tremendously informative interview with the editor of the Kirby Analytics Newsletter.


January 24, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Oil-For-Yuan Contract This Week Or Not: China Just Hammered Two More Nails In The Dollar Coffin

The grim reaper is coming for the petrodollar.

  • Oil-For-Yuan Contract This Week Or Not: China Just Hammered Two More Nails In The Dollar Coffin
    It’s not just oil-for-yuan or oil-for-gold. Here’s two more nails the Chinese just hammered into the U.S. Dollar Coffin…

    Two pieces of news have recently surfaced that while on the surface signal a bunch of legalese and market mumbo-jumbo, they are two more clear examples of what is looking more and more like the U.S. dollar’s “death by a thousand cuts.

    First, one of China’s Credit Rating Agencies, Dagong Global Credit Rating Co, which would be akin to Standard and Poor’s in the U.S., has cut the United State’s sovereign rattings from A- to BBB+. Here’s more from Reuters:

    China’s Dagong Global Credit Rating Co, one of the country’s most prominent ratings firms, on Tuesday cut the local and foreign currency sovereign ratings of the United States, citing an increasing reliance on debt in the world’s largest economy.

    Dagong said in a statement that it cut the sovereign ratings to BBB+ from A- and also placed them on a negative outlook.

    The growing reliance on the debt-driven mode of economic development will continue to erode the solvency of the U.S. federal government, the Beijing-based ratings agency said.

    Of course, we have been talking about the unsustainability of this debt-based paradigm ad nauseum, but what we are seeing now are the incremental steps towards the unsustainable paradigm being laid bare for all to see.

    read more.


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

Peter Schiff: In The Impending Collapse “Everything That Can Go Wrong, Will”


January 18, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Countries Pivot Away From The Dollar As The Central Bankers Prepare For The Collapse

  • X22Report Published on Jan 16, 2018
    The empire fed survey declines for 3 straight months. Fed officials are worried about asset valuations, they see cracks in the economy. Trump warns China of trade deficits and this cannot be sustained. Russia and China are creating a new stable currency system which will allow countries to pivot away from the dollar. Germany’s Bundesbank is now including the petro-yuan in their reserves. The final nail in the coffin for the economic collapse has been nailed in, economist agree that Trump is responsible for the economy now.


January 17, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: U.S. Dollar To Drop 90% When China & Russia Launch Gold-Backed Currency

  • Jim Willie: U.S. Dollar To Drop 90% When China & Russia Launch Gold-Backed Currency
    Jim says the hyperinflation and shortages will get so bad that we could see roaming bands of armed looters in search of food right here in the USA… Jim Willie interviewed on Rethinking The Dollar :

    In this episode of RTD Live Talk, Jim explains what the “Scheisse Dollar” is all about. Jim says that once the dollar is overtaken and loses its global reserve currency status, the new dollar will be required for use domestically. Jim says the dollar will have wretched fundamentals that resemble a third world country.

    Looking at the issue deeper, Jim discusses what the collapse looks like in the United States, which Jim says possibly will include roving bands of looters from the poor areas of the country looking for food for survival. Other topics in this interivew include:

    * China, Russia and the Brics
    * Bitcoin and cyrptocurrency
    * Gold and silver
    * Petroyuan (including convertibility to gold)
    * MSM Propaganda


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

Petro-Yuan Looms: How China Will Shake Up The Oil Futures Market

  • Petro-Yuan Looms: How China Will Shake Up The Oil Futures Market
    by Tyler Durden,
    The “huge story”,as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that is China’s looming launch of domestic oil futures trading.

    Additionally, Levison warns Washington that besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese government agenda of increasing the use of the yuan in trade settlement… and thus the acceleration of de-dollarization and the rise of the Petro-Yuan.

    “I don’t think there’s any doubt we’re going to see use of the renminbi in reserves go up substantially”

    China has been planning this for a number of years
     and given rising tensions, now seems like a good time for China to flex a little. The Shanghai International Energy Exchange, a unit of Shanghai Futures Exchange, will be known by the acronym INE and will allow Chinese buyers to lock in oil prices and pay in local currency. Also, foreign traders will be allowed to invest — a first for China’s commodities markets — because the exchange is registered in Shanghai’s free trade zone. Even  Bloomberg admits there are implications for the U.S. dollar’s well-established role as the global currency of the oil market, as Sungwoo Park sums up some of the key questions

    read more.


January 5, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Ringing In 2018 With Jim Willie

Click on image to play the MP3 interview.

  • Ringing In 2018 With Jim Willie
    by Turd Ferguson,
    Our old friend, Jim Willie, joins us for our annual tradition where we wrap up the year that was and look ahead to the year that will be. As we like to do, we simply had three primary topics for The Jackass. The questions are framed and then Jim fills in the blanks. As we wrap 2017 and look toward 2018, the topics are:

    1. Interest rates, QE and the global bond market
    2. The accelerating movement toward de-dollarization and risks to the petrodollar
    3. How geo-politics and war are impacted by #2 above

    You’ll no doubt enjoy this 65-minute call. It’s going to be a wildly unpredictable and volatile 2018. My hope for everyone listening is that it begins with a safe and relaxing New Year’s weekend.


January 2, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Fatal Blow to The Petro-Dollar Coming into View in 2018 | Jim Willie

  • Published on Dec 31, 2017
    The U.S. Dollar is not ruling the seas of global commerce anymore. In 2018, non-Dollar platforms will continue the Dollar’s decline, Dr. Jim Willie tells Silver Doctors. The Dollar has been the world reserve currency for decades, but the increase of non-Dollar trade is threatening the Dollar’s dominance.


January 2, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment