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Socio-Economics & History Commentary

Jim Willie: The Gold Standard Is Emerging!

Remember the Golden Rule: "He who has the gold Rules!"

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

  • Jim Willie: The Gold Standard Is Emerging!
    by http://www.silverdoctors.com/
    Summary
    The Chinese Are Putting in Place a Link Between Oil and Gold.   The Petro-Dollar has almost completely vanished. The Gold Standard is Emerging…

    By Hat Trick Letter Editor Jim Willie, GoldenJackass:
    The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade Note will be easy, once the pieces are aligned and in place. This new note for usage in secure trade settlement is in the inception process. It will be structured within existing trading vehicles and platforms.

    The Russians and Chinese appear to be forming the basis for the payment vehicle within the oil trade. Consider it as a formal reflection of the Iran-India gold for oil trade.

    Bilateral Oil for RMB Sale + Shanghai Gold Exchange = Gold Trade Note

    This triangle is precisely what China and Russia are doing now.
    Russian oil & gas is being sold for Chinese Yuan, and then Yuan is traded for Gold at the Shanghai Gold Exchange. The trade is not complex at all. Oil for RMB for Gold, creating a transaction payment in gold terms. The part unclear is posted margin to confirm and seal the transaction. The immediate implication is that the Chinese RMB will have a quasi-gold link. The original model used might have been the Iranian oil sales to India, with payment completed using Turkish gold. Such gold for oil trade appears to have been commonly executed from 2006 to 2010, and likely beyond that date.


    The Jackass has been expecting that the Gold Trade Note would be structured in a clever way, using swap contracts in major global commerce. It might be taking form in the triangle cited as the working template. Oil is the biggest commercial trade item. Soon comes the RMB-based contract for crude oil, traded in Shanghai. It will surely cause big waves, a major disruptive event.

    NEW SCHEISS DOLLAR & GOLD TRADE STANDARD
    In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The United States Govt cannot continue on numerous glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time to take steps toward the return of the Gold Standard.


    The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports.

    The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States.


    Any new currency, even with gold backing, would be subjected to a series of devaluations due to the enormous trade deficit. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder.

    However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off. During the crisis that comes, the gold price will find its true proper value between $5000 and $10,000 per ounce.

    Then later, it goes higher, as it seeks equilibrium in a new world where gold serves as the global arbiter in trade and banking and currencies.

    read more.

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February 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Grant Williams: The Death Of The Petrodollar And What Comes After

The_Death_of_King_Dollar

  • Grant Williams: The Death Of The Petrodollar, And What Comes After
    by Tyler Durden, http://www.zerohedge.com
    In December, Grant Williams, author of “Things That Make You Go Hmm…” offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.

    Grab a glass fo wine – turn off Trump’s twitter feed for 30 minutes and enjoy. Here is the full presentation – “Get It. Got It. Good”

    read more.

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February 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Jim Willie: Financial Explosions Abound

  • Financial Explosions Abound – Interview with Jim Willie
    by https://www.perpetualassets.com/
    Some topics include:

    Gold price revival timeframe
    Trump potential deals with the devils
    Gold Trade Note coming into view
    Gold and silver investment allocation, market analysis and predictions
    Can the USA avoid Third World fate?
    Awakening of the masses and likely scapegoats
    Ultimate Jackass signal of evil banker cabal capitulation
    Role of BitCoin and crypto technology in future money systems
    Petro-Dollar death 90% complete
    Elite globalist scum on the run
    Real significance of the Davos Barbecue this year

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February 8, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters

  • Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters
    by Alice Salles, http://theantimedia.org/
    (ANTIMEDIA) Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribune reported.

    Iran governor Valiollah Seif’s central bank announced the decision in a television interview on January 29. The change will take effect on March 21, and it will impact all official financial and foreign exchange reports.

    Iran’s difficulties [in dealing] with the dollar,” Seif said, “were in place from the time of the primary sanctions and this trend is continuing,” but when it comes to other currencies, he added, “we face no limitations.”

    In a piece published by Forbes, Dominic Dudley contends that this move is significant “in the light of the recent ‘Muslim ban” announced by Trump. Iran nationals were added to the order issued by the current U.S. administration, which prompted the Iranian government to vow to stop issuing visas to U.S. citizens.

    Dudley notes that since 1975, “no Americans have been killed in terrorist attacks in the US by the citizens of the countries included in the ban,” while countries such as Saudi Arabia — “home of 15 of the 19 terrorists involved in the 9/11 attacks” — were left out of the list of prohibited countries.

    Despite the country’s decision to halt the use of the U.S. dollar as its base currency for exchange with other nations, Iran’s top export is oil. In the global markets, oil is mainly purchased and sold in U.S. dollars. This fiscal year, Iran is expected to earn  $41 billion from oil sales, with countries like the United Arab Emirates (UAE) and China as their top clients. It’s still uncertain how the country will manage to switch currencies without relying on the American currency. The shift, Dudley notes, “will add a degree of currency risk and volatility and is likely to complicate matters for the authorities.”

    This matters because predominantly Muslim countries left out of the “Muslim ban” include Saudi Arabia, one of the world’s top oil exporters.

    In the 1970s, the Arab nation struck a deal with U.S. President Richard Nixon establishing an alliance that would maintain the dollar as the standard oil exchange currency in exchange for military support from America. The use of the dollar as a standard currency for oil exchange was accepted by Saudi Arabia and the remaining block of Organization of the Petroleum Exporting Countries (OPEC), which include Iran and 11 other Middle Eastern, African, and South American countries.

    read more.

PetroDollar_Scam_Breaking_Down

The_Death_of_King_Dollar

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February 3, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Trump And A New Gold-Backed Dollar?

trump-gold

  • Trump And A New Gold-Backed Dollar
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/
    On August 15, 1971, President Nixon killed the last remnants of the gold standard. Since then, the dollar has been a pure fiat currency, allowing the Fed to print as many dollars as it pleases.

    Removing the US dollar’s last link to gold eliminated the main motivation for foreign countries to store large dollar reserves and to use the dollar for international trade. 

    At this point, demand for dollars was set to fall… along with the dollar’s purchasing power. So the US government concocted a new arrangement to give foreign countries another compelling reason to hold and use the dollar. The new arrangement, called the petrodollar system, preserved the dollar’s special status as the world’s reserve currency.

    The death of the petrodollar system is my No. 1 black swan event for 2017.
    It raises the question: What will fill the void when the petrodollar inevitably dies? When that happens—and it may be imminent—something has to replace it. I think there are only two options.


    Naturally, the global elite want to centralize more power into global institutions. In this case, that means the International Monetary Fund (IMF). The IMF issues a type of international currency called the “Special Drawing Right,” or SDR.

    The SDR is nothing new. The globalists have been slowly building it up since 1969. In the near future, it could be used as the premier international currency—the role the dollar has played since the end of World War 2.

    The SDR is simply a basket of other fiat currencies. The US dollar makes up 42%, the euro 31%, the Chinese renminbi 11%, the Japanese yen 8%, and the British pound 8%. It’s a fiat currency based on other fiat currencies… a floating abstraction based on other floating abstractions.The SDR is not based on sound economics or the interests of the common man. It’s just another cockamamie invention of the economic witch doctors in academia and government. The SDR is dangerous. It gives the government—in this case, a global government—more power. It’s a bridge to a powerful global monetary authority, and eventually a global currency.

    The breakdown of the petrodollar is the perfect excuse for the globalists to usher in their SDR solution. So that’s the first option. It’s the global elites’ preferred outcome. It would be a very bad thing for personal and economic freedom. It means more fiat currency, more centralization, and less freedom for the individual.

    The second option is to simply return to gold as the premier international money. Here’s how it could happen… 

    Trump might play along with the globalists’ schemes, but I doubt it. He’s the first president who’s openly and sincerely hostile toward globalism. He’s denounced it repeatedly. Trump recently said, “We will no longer surrender this country, or its people, to the false song of globalism.”

    In my view, there’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing. Trump has said favorable things about gold in the past. So have some of his advisers. It wouldn’t be easy. He’d face one hell of a struggle with the globalists. And winning would be far from certain.

    read more.

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January 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Jim Rickards: The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil

Remember the Golden Rule: "He who has the gold Rules!"

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

  • The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil
    by Chris Campbell, Jan 17, 2017, https://lfb.org/
    “The final weapon in the Fed’s arsenal,” Jim Rickards, author of The Road to Ruin: The Global Elites’ Secret Plan For the Next Financial Crisis, wrote this week, “is the financial equivalent of nuclear war.”

    The Fed’s “nuclear option,” Rickards warns, is… wait for it… gold.

    We bring this up today because this nuclear option could have a yuge (sometimes spelled “yooge”) impact on the price of not only the midas metal (see below), but of silver ($100) and oil ($200), too. And we want you to have plenty of time to ready yourself.
    ….
    7 Federal Reserve Tools and Why They’re All Flawed
    Jim Rickards
    In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.

    The following is a survey of seven Federal Reserve tools in the Fed toolkit to stimulate the economy if recession or deflation gains the upper hand and why their toolkit is flawed.

    Helicopter Money
    The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.

    The Nuclear Option — Gold
    The final weapon in the Fed’s arsenal is the financial equivalent of nuclear war. The Fed could instantly create inflation and achieve nominal if not real growth by massively devaluing the dollar when measured as a unit of gold.

    This was last done in 1933–34 and was highly successful. Stocks rallied and commodity prices boomed in the middle of the Great Depression (1929–1940). This boom was not sustained because the Fed and Treasury prematurely tightened monetary policy and fiscal policy in 1937, which put the U.S. economy back into a severe technical recession from 1937–1938.

    The Fed could use this nuclear option by coordinating with the Treasury to make a two-way market in gold using printed money. This would work exactly like quantitative easing, except the Fed would buy or sell gold instead of Treasury bonds.

    The Fed would set an arbitrarily high fixed price for gold such as $5,000 per ounce. The Fed would make that price stick by offering to buy gold from any seller at $4,900 per ounce and selling gold to the market at $5,100 per ounce. This amounts to a 4% band or spread around the target price, a classic pegging technique.

    Gold could be removed from or added to the U.S. hoard at West Point, NY, and money would be created by or destroyed by the Fed in order to make the target price stick.

    If, for example, the price of gold was $1,300 per ounce before the operation, the effect would be to devalue the dollar from 1/1,300th of an ounce of gold to 1/5000th of an ounce of gold, a 75% devaluation of the dollar. This devaluation would not take place in isolation.

    A 75% dollar devaluation in gold would signal devaluation in all other goods and services and result in $100 per ounce silver, $200 per barrel oil, etc.

    This is obviously an extreme measure and would only be used in the face of strong persistent deflation. Yet, the fact that that technique exists and has been used in the past is one reason to conclude that deflation will not in fact persist beyond certain limits because the Fed and Treasury have the ability to stop it as they did in 1933.

    read more.

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January 19, 2017 Posted by | Economics, History | , , , , , , , , , | 1 Comment

The Elite’s Next Phase Is Coming In A Few Days To Stop The Inauguration

  • Published on Jan 10, 2017
    Initially it was thought that Trump agreed with Rand Paul to have a replacement for Obamacare before voting on it, now Trump says no, get rid of it. Obama puts his presidential records off limits for 12 years. Sessions says he will recuse himself in regards to Clinton emails. CIA director confirmation delayed a day. Russia hacking report shows absolutely nothing. US Government says presenting the real evidence in the Russian hacking would be responsible. Thousands of assets and US troops arrive in Germany. YouGov takes poll and many people in different countries are worried about war breaking out. Libya warns that if oil smuggling continues there could be a blackout in the country. US officials say that the US might not be able to stop a missile coming in from NK. Turkey might shut base off to US. Protests are being prepared for inauguration day, there could be agent provocateurs put into place by the elite to start riots to disrupt the inauguration.

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January 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

‘Fake News’ Vindicated (Again): New WikiLeaks Email Dump Details Erdogan’s Business Ties to ISIS

Erdogan-ISIS BFF.

Erdogan-ISIS BFF.

http://www.theguardian.com/world/2015/jul/26/isis-syria-turkey-us

Click on image for article.

https://www.facebook.com/danarohrabacher/posts/10156300446930422

Click on image to goto Facebook.

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December 7, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , | Comments Off on ‘Fake News’ Vindicated (Again): New WikiLeaks Email Dump Details Erdogan’s Business Ties to ISIS

Iranian Scientist Takes His “Water-Powered Car” for a Spin

  • This scientist better watch his back. He is not the first to invent this. 25 years ago American Stan Meyer had already achieved this (see videos below). Many scientists who managed to achieve technology that does away with oil have died mysteriously. The Illuminist Oil Cartel will not allow anyone to threaten their business.
  • Published on Nov 27, 2016
    Iranian scientist Alaeddin Qassemi unveiled his new invention, a car that he says is powered by water, in Karaj, Sunday. The car can reportedly run on 60 litres (15 gallons) of water and is able to travel up to 900 kilometres (559 miles) in 10 hours. The power is generated after H2O is split into hydrogen and oxygen which react chemically to produce energy. According to the inventor, the car’s engine only produces water vapour, causing next to zero air pollution. A litre (0.26 gallons) of water can reportedly generate some 96 megajoules (MJ) of energy while a litre of gasoline produces only 29 megajoules (MJ) of energy.

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November 28, 2016 Posted by | Science & Technology | , | Comments Off on Iranian Scientist Takes His “Water-Powered Car” for a Spin

Jim Willie: US DEBT REJECTED – Has the Dollar Collapse BEGUN?

  • Published on Nov 4, 2016
    This is part 3, start with part 1:
    https://www.youtube.com/watch?v=ROv9Q… 

    In this viewers’ questions edition with Dr. Jim Willie:

    – U.S. Treasury bonds are being rejected in U.S. port facilities?
    – How much gold is there in the gold?
    – What are safe assets and careers in the case of economic collapse? 

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November 5, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: US DEBT REJECTED – Has the Dollar Collapse BEGUN?

The Petro Dollar System Is Coming To An End, Prepare Accordingly

  • Published on Nov 1, 2016
    Those in Canadian’s green party want the secret corporate court removed. NATO is pushing to have a force in the black sea. The US sent the X-radar system to North Korea. US extends sanctions in Sudan. Libyan economy is collapsing as the US pushes other countries to invade Libya to keep the Unity Government in power. UNSC is of the opinion that the US should separate the moderate rebels from the terrorists. 2,000 moderate rebels (terrorists) push an offensive in Aleppo, it did not succeed. The petro dollar system is at its end game , which means the entire economic system is about to fall.

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November 2, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The Petro Dollar System Is Coming To An End, Prepare Accordingly

Jim Willie Sounds the Alarm: UNPRECEDENTED US BOND DUMPING – Dollar Collapse Ahead!

  • Published on Oct 31, 2016 
    Jim Willie editor of the Hat Trick letter found on GoldenJackass.com joins Silver Doctors to sound the alarm foreign governments are getting concerned about the Federal Reserve devaluing the U.S. dollar. As a result, foreign governments are dumping U.S. debt at an unprecedented rate. Regarding the U.S. presidential election, Willie says the polls and voting machines are rigged. However, Willie remains hopeful that after the election we will be released from this “fascist dictatorship.” Stay tuned to hear Jim Willie answer viewers questions!

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November 1, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

US Government Makes The First Move To Take Back The Middle East

  • Published on Oct 10, 2016
    200,000 US funded Afghan troops don’t exist. Norway is now letting US troops into their country. US claims that the Houthis fired a ballistic missile at a US warship, US makes its first move to get into the fight in the middle east. Russia and Turkey sign the Turkish stream pipeline deal. China and Russia agree on Syria. US Government / Central Bankers are preparing the American public for a possible re-do of the elections or a postponement.

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October 11, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on US Government Makes The First Move To Take Back The Middle East

Jim Rickards: The Petro-SDR — World Money Rising

The_Death_of_King_Dollar

  • The Petro-SDR: World Money Rising
    by JAMES RICKARDS, http://dailyreckoning.com/
    The response to U.S. efforts to cheapen the dollar in 2010 — 2011 was not long in coming. It came from four directions — IMF, Russia, China, and Saudi Arabia. Enter the new world money: Petro-SDR.


    Less than a year after Obama’s declaration of a new currency war, the IMF released a paper that is a blueprint for implementation of a new global reserve currency called the Special Drawing Right (SDR), or world money.

    On December 1, 2015, the IMF announced that the Chinese yuan would be included in the basket of currencies used to determine the value of one SDR. With China onboard, the SDR is poised to become the de facto global reserve currency.

    China’s and Russia’s immediate response to the coming dollar collapse and rise of the SDR is to buy gold. (It’s not yet possible to diversify heavily into SDR denominated assets because there are very few SDR assets available.) Russia has acquired over 1,000 tons of gold in the past seven years, and China has acquired over 3,000 tons of gold in the same time.

    Combined Russian and Chinese gold purchases are over 10% of all the official gold in the world. China has also acquired billions of SDRs in secret secondary market transactions brokered by the IMF.

    Saudi Arabia’s response has been more subtle, but may be more dramatic in the end. Relations between Saudi Arabia and the U.S. have deteriorated sharply over the course of the Obama administration. The primary cause was the Iran-U.S. nuclear negotiations and what amounts to the U.S. recognizing Iran as the leading regional power.

    In the past months, the U.S. ended the secrecy surrounding Saudi ownership of U.S. Treasury securities (in place since 1975). The U.S. also released a formerly top secret 28-page section of the 9/11 Commission Report that clearly reveals links between members of the Saudi royal family and the 9/11 hijackers and Al Qaeda.

    read more.

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September 30, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Jim Rickards: The Petro-SDR — World Money Rising

Saudis Could Pull Billions from US Economy, Hinder Access to Mideast Bases Following 9/11 Lawsuits

PetroDollar_Scam_Breaking_Down

Petrodollar_Oil

  • Saudis Could Pull Billions from US Economy, Hinder Access to Mideast Bases Following 9/11 Lawsuits
    by https://www.rt.com/  
    Saudi Arabia and its allies could retaliate against US legislation allowing the kingdom to be sued for the 9/11 attacks, including scaling back investment in the US economy or restricting access to important regional air bases, experts claim.

    “This should be clear to America and to the rest of the world. When one Gulf Cooperation Council (GCC) state is targeted unfairly, the others stand around it,” Abdulkhaleq Abdullah, a professor of political science at United Arab Emirates University, told Associated Press. “All the states will stand by Saudi Arabia in every way possible.”

    On Wednesday, Congress overwhelmingly voted to override President Barack Obama’s veto of the bill that would allow Americans to potentially sue Saudi Arabia for 9/11. Lawmakers said their priority was not Saudi Arabia, but victims and families.

    The “Justice Against Sponsors of Terrorism Act (JASTA)” would allow US judges to waive sovereign immunity claims when dealing with acts of terrorism committed on American soil – potentially allowing lawsuits against Saudi Arabia over the 9/11 attacks. 15 of the 19 hijackers were Saudi nationals.

    Chas Freeman, former US ambassador to Saudi Arabia during Operation Desert Storm, told AP that Saudi Arabia could respond in a way that risks US strategic interests. That could include Saudi restricting its rules for overflight between Europe and Asia and the Qatari air base from which US military operations in Afghanistan, Iraq and Syria are directed, Freeman says.

    “The souring of relations and curtailing of official contacts that this legislation would inevitably produce could also jeopardize Saudi cooperation against anti-American terrorism,” Freeman told AP.

    Obama vetoed JASTA last week, saying it would erode the doctrine of sovereign immunity and expose the US to lawsuits around the world. He argued the bill could lead to other governments acting “reciprocally” by allowing their own courts to exercise jurisdiction over the US, including over deadly US drone strikes.

    Saudi Foreign Minister Adel al-Jubeir told reporters in June that the US has the most to lose if JASTA is enacted. There have been reports that Riyadh threatened to pull billions of dollars from the US economy if the bill became law, however al-Jubeir has only officially said investor confidence in the US could decline.

    read more.

The_Death_of_King_Dollar

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September 29, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on Saudis Could Pull Billions from US Economy, Hinder Access to Mideast Bases Following 9/11 Lawsuits