Socio-Economics History Blog

Socio-Economics & History Commentary

Something Big Is About To Happen With Gold, And It’s Not What You Think: Jim Willie

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

Jim Willie: 2008 Was The WARM-UP — Criminals Still in Charge!

  • Portfolio Wealth Global Published on Jun 4, 2018
    Topics covered include the current status of the USEconomy stuck in a vicious recession for 12 years, the hyper-inflation at work in finance sector, the cannabis legalization for its odd economic effect, the many devices used like GDX (via Goldman Sachs) for gold price suppression, the ugly underbelly for gold mining stocks (e.g. ample executive stock options, marginal mines, stolen mine output in Mexico), the rebellious independent nature of crypto-currencies with distinction versus crypto utility tokens as well as crypto-money (asset backing), the dim influence of the millennials within the USEconomy, the globalist banker cabal in pursuit of GOD (as in Gold & Oil & Drugs).


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

De-Dollarization Escalates: “African Economy Needs More Usage Of Chinese Yuan”

  • De-Dollarization Escalates: “African Economy Needs More Usage Of Chinese Yuan”
    by Tyler Durden,
    The world’s push towards de-dollarization continues to accelerate as Americans go about their daily lives worrying more about blasphemous comedians, participation trophies, and Kim and Kanye’s traitorous behavior.

    From yuan-denominated oil futures (and soon to be yuan-denominated metals contracts) to Europe’s decision to use Yuan to pay for Iranian oil; and from non-dollar settlement systems for Russia/Chinese trade to Turkey’s call for citizens to dump the dollar, it appears each action of the Trump administration deepens the distrust in the dollar hegemony, coalescing the world against Washington’s reserve currency unipolar order.

    All of which leads to this… In a well-placed interview in China’s Xinhua news – the official press agency of the People’s Republic of China – officials from Africa are seen calling for more yuanification of the massive continent’s economies.

    read more.


June 4, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Jim Willie: Demise of the Dollar

  • ROGUE MONEY Streamed live on May 30, 2018
    Dr. Jim Willie returns to deliver an excellent assessment of geopolitical events unfolding around the globe that are leading to further US isolation and the inevitable demise of the US dollar. A must listen to interview. To learn about about Jim’s work with the Hat Trick Letter please visit:
    May 31st:  topics covered include the growing US isolation from failed foreign policy, the defiant disobedient reaction by European Union with respect to Russian sanctions and renewed Iran sanctions, the powerful effects to come from the Shanghai Gold-Oil-RMB (GOR) futures contracts for the lost USDollar global monopoly, the growing RMB-based oil contract volume which will surpass the Brent volume, the imminent Saudi oil sales to China in RMB terms, the upcoming launch of the Gold Trade Note atop the GOR contracts, the skein of non-USD platforms to undermine the King Dollar Court with its financial terror, the ARAMCO deal for potential control by China & Russia of Saudi oil production, the actual background of nefarious devious corrupt Jim Rickards, the BRICS Gold Trading Center with likely Turkish role from 1000 years of gold market experience, the dual risk of Deutsche Bank failure combined with the fallout effect of Italian banking system as a key trigger for global breakdown


June 1, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

India & Iran Drop Dollar in Oil Trade to Bypass US Sanctions – report

  • India & Iran Drop Dollar in Oil Trade to Bypass US Sanctions – report
    India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the US economic pressure on Tehran, industry officials have told the Sputnik news agency.

    Under the deal, the payments for oil will be made through India’s state-run UCO Bank, which has no US exposure. The countries are also discussing the barter-like system to avoid US sanctions, Sputnik reports.

    Iranian Foreign Minister Mohammad Javad Zarif is on a visit to India this week, where he has met with Indian counterpart Sushma Swaraj. “During the talks, the two sides also exchanged views on a further expansion of ties in banking, energy, trade, insurance, shipping, use of national currencies, Chabahar projects and Chabahar-Zahedan railway,” Zarif said in a statement.

    India’s Swaraj said the country would ignore the US trade sanctions against Iran. “India will comply with UN sanctions and not any country-specific sanctions,” Swaraj said. Iran is India’s third-largest oil supplier. India bought a record 27.2 million tons of oil from Tehran during the last financial year, which ended in March 2018. It represents a 114 percent increase on the previous year.

    read more.


May 31, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Fate of JCPOA: Europe Urged to Meet Tehran’s Demands

  • PressTV Published on May 27, 2018
    Iran says it’s ready to resume its suspended nuclear activities including 20-percent uranium enrichment. A spokesman for Iran’s Atomic Energy Organization said Tehran will do so if Europe fails to meet its demands. Behrouz Kamalvandi said if the US hampers Iran’s oil sales, Europe must buy Iranian crude as much as Tehran needs. Kamalvandi added that Iran does not intend to pick a fight with Germany, Britain and France but it does not trust them. He said the three signatories to the nuclear deal should translate words into action.


May 28, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Jim Willie: Decline of the Dollar in Global Trade — The Petro-Gold-Yuan Contract

Click on image to download MP3 interview.

  • Jim Willie: Decline of the Dollar in Global Trade — The Petro-Gold-Yuan Contract
    by Turd Ferguson,
    It’s another three-day US market holiday weekend so The Golden Jackass, Jim Willie, stopped by on Friday to discuss the present situation and look forward to what promises to be a volatile and unpredictable summer.

    The primary topic that I asked Jim to address was the US dollar. However and as you might imagine, this took us down several different paths and it led to an interesting discussion. Among the topics covered:

    * the declining use of the US$ in global trade
    * the foundations being laid for a dollar alternative system
    * Turkish gold repatriation
    * DeutscheBank
    * the Italian Banks and the EU banking sector
    and quite a bit more

    These podcasts always prompt plenty of fresh thought and conversation so I look forward to seeing your feedback in the comments section. Thanks again to Jim for his willingness to share his insights with TFMR on such a regular basis.


May 27, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

Iran’s Leader to Europe: Fulfill Demands or Nuclear Deal is Dead

  • Al Jazeera English Published on May 24, 2018
    Iran’s supreme leader has set out conditions for Tehran to stay in its nuclear deal with world powers, including steps by to be taken by European banks to safeguard trade with Tehran after the US withdrawal from the deal. European powers must continue buying crude oil, protect Iranian oil sales from US pressure and promise to not seek new negotiations on Iran’s ballistic missile programme and Middle East activities, Ayatollah Ali Khamenei’s official website said on Wednesday.


May 26, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

‘Europe Must Buy Our Oil’: Iranian Leader Lays Out Demands for Europe to Keep Nuclear Deal

FILE PHOTO: Oil production platform at the Soroush oil fields in the Persian Gulf, south of Tehran © Raheb Homavandi / Reuters

  • ‘Europe Must Buy Our Oil’: Iranian Leader Lays Out Demands for Europe to Keep Nuclear Deal
    Iran’s Supreme Leader said Europe must make up for any and all adverse effects the US pullout from the nuclear deal might have on its economy and not seek to include its ballistic missile program and regional policy in the deal.

    The list of conditions under which Iran would stay in the nuclear deal was laid out by the country’s Supreme Leader Ayatollah Khamenei on Wednesday. In a speech before government officials, Khamenei listed a set of demands that France, Britain and Germany must comply with if they don’t want to see Iran restart its nuclear program that was phased out under the 2015 deal.

    While European countries that are party to the landmark agreement have criticized the US exit and vowed to stick to the deal, Khamenei argued that words were not enough and that Europe needs to formally denounce the US’ decision at the UN.

    “During the last two years, the US violated the JCPOA several times, and Europe remained silent. Europe must compensate for that silence,” Khamenei said, calling for Europe to “explicitly stand up to the US sanctions.”

    While saying Iran doesn’t seek a “fight” with Europe, Khamenei noted, “these three countries have proved that, on the most sensitive issues, they follow the US.”

    One of the core demands put forward by the Iranian leader for Europe is that it must ensure that Iran’s ballistic missile program and its actions in the region will not be a part of any future negotiations. Iran’s ballistic missile development has been at the forefront of Washington’s concerns, with the US accusing Iran of violating the spirit of the agreement, while Iran insisted the program is purely defensive.

    read more.


May 24, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

The World Prepares As The Dollar Is Pushed To The Side

  • X22Report Published on May 20, 2018
    Countries are now preparing themselves, they have recalled their gold in preparation of dumping the dollar. The petro-yuan is now gaining ground, within a short few weeks it has 12% of the market, the people drive what comes next, when countries add the petro-yuan and dump the dollar this will change everything and it will happen very quickly.


May 22, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Petro-Euro? Tensions Between EU & US Grow Over Sanctions Against Iran

  • RT Published on May 20, 2018
    The European Commission launched a process to prevent EU firms from being hit by US sanctions on Friday. European firms would also be able to get compensation and loans if they are affected. Shabbir Razvi, director of International Finance Solutions Associates shares his view on the possible outcome of tensions between EU & US.


May 22, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

EU to Switch From Dollar to Euro in Payments for Iranian Oil Supplies – Source

  • EU to Switch From Dollar to Euro in Payments for Iranian Oil Supplies – Source
    MOSCOW (Sputnik) – The European Union is planning to switch from US dollars to euros when paying for the oil supplies from Iran, a diplomatic source told Sputnik.

    On Tuesday, EU foreign policy chief Federica Mogherini said that after talks with the foreign ministers of the United Kingdom, France, Germany, and Iran in Brussels that the sides had agreed to work out practical solutions in response to the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), known as the Iran nuclear deal, within the next few weeks. In particular, the European Union and Iran would maintain and deepen economic ties, including in the area of oil and gas supplies.

    On May 8, US President Donald Trump announced his decision to withdraw the United States from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal. He also vowed to reinstate the sanctions against Iran that were lifted as a result of the agreement.

    The foreign ministers of Germany, the United Kingdom and France have issued a joint statement saying their countries will stay in the JCPOA even if the United States pulls out of it.

    In 2015, Iran, China, France, Germany, Russia, United Kingdom, United States, and the European Union created the JCPOA, under which international sanctions on Iran would gradually be lifted in exchange for Tehran maintaining the peaceful nature of its nuclear program.


May 18, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Europe to Ditch US Dollar in Payments for Iranian Oil – Source

  • It appears Trump has made a ‘fatal’ mistake. It is one thing for Iran to abandon the petrodollar, for Europe to do so means the end of American hegemony.
  • Europe to Ditch US Dollar in Payments for Iranian Oil – Source
    The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti.

    Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

    “I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the source told the agency.

    Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies.

    Mogherini stressed that the sides should jointly work on the lifting of sanctions as an integral part of the historic nuclear deal. “We’re not naive and know it will be difficult for all sides.”

    The Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), was sealed three years ago in Vienna between Tehran and the P5+1 powers (China, France, Russia, UK, US, plus Germany). The agreement saw decades-long international sanctions lifted in exchange for Iran curbing its controversial nuclear program. On January 16, 2016, the parties to the deal announced the beginning of its implementation.

    The lifting of international sanctions gave Iran access to the world’s markets for the first time in nearly four decades. Since then, Tehran has managed to significantly increase its exports of crude.

    read more.


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

Putin: Russia Needs To Break-Away From The Dollar!

  • Russia Insight Published on May 8, 2018
    Putin’s first statement after the inauguration in Russia’s State Duma. Russia will diversify its international reserves further, President Vladimir Putin said. Russian President Vladimir Putin considers necessary to strengthen the national economic sovereignty.


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

Global Currency RESET Challenge: Ultimate Twist

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

  • Global RESET Challenge: Ultimate Twist
    by Jim Willie CB, , via
    The Global Currency RESET has 100 steps and the first 10-12 appear complete. This is not a fantasy, but very real and in progress. Its progress is not very visible to most observers. Some important steps are seeing tremendous progress, but they are executed in the East with very little press coverage by the insidious lapdog Western press networks. Review many of the RESET features, but in summary form. These are covered steadily in the Hat Trick Letter reports.

    USDollar will no longer have sole global currency reserve status. As central banks across the globe discharge (dump) a sizeable portion of their USTreasury Bond holdings, they will seek alternatives. They will choose Gold bullion and Chinese Govt Bonds more often, in addition perhaps to more Euro Bonds. The trend of USTBond dumping has been very noticeable for the last two years. It comes from both the intentional motivated reduction in USD-based FOREX holdings, but also from Indirect Exchange. The latter is a practice of using USTBonds for instance in large projects as cash payment from two parties, like with China and Russia in building an oil pipeline. In the aftermath, Gold will benefit with more physical demand for bank reserves in direct asset placements without counter-party risk.

    read more.


May 4, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment