Socio-Economics History Blog

Socio-Economics & History Commentary

Turkey’s ‘Criminal Action’, Dangerous Escalation in Russia-NATO Ties

  • Published on Nov 25, 2015
    The Russian prime minister has warned Turkey of serious consequences for its QUOTE thoughtless criminal action in downing the country’s bomber aircraft. Dmitry Medvedev says the downing of the Russian Sukhoi Su-24 will dangerously escalate tensions between Russia and NATO. He said it would also inflict irreparable damage to neighborly relations between Russia and Turkey, especially in economy. Medvedev says the bulk of this damage will be felt by Turkey’s economic sector as Moscow is considering cancelling some important joint projects between the two countries. The Russian prime minister added that Ankara’s actions prove its support for ISIL terrorists. However, he says the revelation does not strike as a surprise given the financial interest of certain Turkish officials in buying ISIL-produced oil.


November 26, 2015 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

Ankara Defends ISIS, Turkish Officials Have Financial Interest in Oil Trade with Group – PM Medvedev

  • Ankara Defends ISIS, Turkish Officials Have Financial Interest in Oil Trade with Group – PM Medvedev
    Some Turkish officials have ‘direct financial interest’ in the oil trade with the terrorist group Islamic State, Russian PM Dmitry Medvedev said as he detailed possible Russian retaliation to Turkey’s downing of a Russian warplane in Syria on Tuesday.

    “Turkey’s actions are de facto protection of Islamic State,” Medvedev said, calling the group formerly known as ISIS by its new name. “This is no surprise, considering the information we have about direct financial interest of some Turkish officials relating to the supply of oil products refined by plants controlled by ISIS.”

    “The reckless and criminal actions of the Turkish authorities… have caused a dangerous escalation of relations between Russia and NATO, which cannot be justified by any interest, including protection of state borders,”
    Medvedev said.

    According to the PM, Russia is considering canceling several important projects with Turkey and barring Turkish companies from the Russian market. Russia has already recommended its citizens not to travel to Turkey, citing terrorist threats, resulting in several tourist operators withdrawing tours to Turkey from the market.

    Russia may further scrap a gas pipeline project, aimed at turning Turkey into a major transit country for Russian natural gas going to Europe, and the construction of the country’s first nuclear power plant.

    Turkey shot down a Russian bomber over Syria on Tuesday, claiming the aircraft had violated Turkish airspace. Russia says no violation took place and considers the hostile act as ‘a stab in the back’ and direct assistance to terrorist forces in Syria.


November 26, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Turkey in 2012: ‘Short-Term Border Violation Can Never Be A Pretext For An Attack. Erdogan Contradicts Previous Statements by Shooting Down Russian Jet

Snake trying to start WW3. Click on image for article.

Click on image for article.

November 26, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

PUTIN: ISIS Oil Goes To Turkey, They Protect Terrorists, Downed Jet is Stab in the Back

  • Published on Nov 24, 2015
    While Russia analyzes exact details and motives for what happened with its fighter jet Su-24 in Syria, Putin claims that either way the plane didn’t pose any threat to the Republic of Turkey, who was always considered by Russia ‘not only a close neighbor, but also a friendly state.’ The Russian president went on calling the incident ‘a stab in the back’ and those responsible for it ‘accomplices of terrorists’. He also pointed out that ISIS oil flows to Turkey and the government essentially protects terrorist.
Go ahead, make my day!

Go ahead, make my day! Payback’s a bitch! Retribution is coming!


November 25, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Not Only Turkey-Ankara Backs ISIS-Daesh But Offers Also Logistical Support – Pepe Escobar

  • Published on Nov 24, 2015
    A Russian warplane has gone down near the Turkish-Syrian border after an apparent attack. Turkish and Russian sources have given conflicting reports about the incident, which has the potential to escalate the tension between Russia and NATO member Turkey. Political analyst Pepe Escobar believes Turkey is clearly linked to ISIS and other extremist organizations in Syria.


November 25, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , | Leave a comment

The US Push For War Is Now Appearing On All Fronts

  • Published on Nov 23, 2015
    Europe is demanding all SWIFT data to fight terrorism.UK is deploying special undercover police to fight terrorism, but whats happening is the special police will be used to control the people. Venezuela accuses the US of spying on their oil companies. Power in Crimea was knocked out and the US begins training special ops military units in Ukraine for the upcoming offensive.US and Japan planning to sail ships near the Chinese islands to provoke China. PBS news hour shows Russian bombing video and claims its the US. US now warning the Islamic State with leaf lets before bombing the oil convoys. US might be switching to backing al-Qaeda instead of ISIS as Russia continuously destroys the Islamic State. Kerry now says the IS will attack the US, not a question of “if” but “when”.


November 24, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ISIS’ #1 Backer Revealed: US & Allies


Click on image for article.

Click on image for article.

Click on image for article.


November 24, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Russian Airstrikes Destroy 472 Terrorist Targets in Syria in 48 Hours, 1,000 Oil Tankers in 5 Days

  • Now why didn’t the US military destroy all these targets after a few years of bombing? Why would they? ISIS(ISIL) is a CIA asset, created, financed, armed, trained, managed, controlled, logistically supplied … by western Illuminist intelligence agencies: CIA, MI5/6, Mossad.
  • Russian Airstrikes Destroy 472 Terrorist Targets in Syria in 48 Hours, 1,000 Oil Tankers in 5 Days
    Russian airstrikes have torched more than 1,000 tankers taking stolen crude oil to Islamic State refineries. This blow against the jihadists comes as the Russian Air Force has hit 472 terrorist targets in two days in Syria, making 141 sorties.

    All Russian aircraft have successfully returned to the Khmeimim airbase near Latakia, Major General Igor Konashenkov, spokesman for the Russian Defense Ministry, said in a daily briefing.

    In the last two days, Russian warplanes have been conducting active supplemental reconnaissance, inflicting pinpoint airstrikes on newly exposed targets, he added.

    “Russian bombers taking off from the Khmeimim airbase flew on combat missions to destroy tanker convoys and oil refineries in the areas of oilfields in the north and east of Syria,” Konashenkov said. “A major oil depot was destroyed 15 kilometers southwest of the city of Raqqa.”

    Russian airplanes have destroyed over 1,000 ISIS tankers with crude oil in the last five days, Konashenkov added. Sukhoi Su-34 bombers also hit a terrorist-controlled oil refinery some 50 kilometers south of Raqqa, the unrecognized capital of the Islamic State terrorists.

    read more.

Click on image for article.

Click on image for article.



November 24, 2015 Posted by | GeoPolitics | , , , , , , , , , , , | 1 Comment

Oil on Fire: Russian Jets Destroy ISIS Refineries, Trucks and Wells

  • Now, why couldn’t/didn’t America do this after a year of bombing ISIS?
    Published on Nov 19, 2015 
    Russia has stepped up its air strikes on Islamic state over the last few days. It’s now targeting the transport of the oil which brings in much of ISIS funding . Let’s get more from RT’s Lizzie Phelan in Damascus. Moscow is currently hosting an international energy forum. Economist Constantin Gurdgiev is there at the moment – let’s cross live to him.


Obama bin Laden: "Al Qaeda is after you! That's a good one! Heh heh!"

Obama bin Laden: “Al Qaeda is after you! That’s a good one! Heh heh!”


November 20, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , | 1 Comment

This Economic Collapse Will Trigger a Stock Market Crash


  • This Economic Collapse Will Trigger a Stock Market Crash
    by Graham Summers,  
    We are in a global economic collapse. And it is going to trigger a stock market crash.

    The Central Bank fueled “recovery” is officially over.  Central Banks propped up the financial markets for six years. But the money was spent on financialization and accounting gimmicks (buybacks). That is, it didn’t get into the global economy in a useful way: corporate capital expenditures, job hires, etc. As a result, the global economy never really hit “lift off.”

    We can see this clearly in a number of economic images.

    Consider Oil, possibly the most economically sensitive commodity in the world. Oil isn’t just used to power cars and trucks, it’s present in lipstick, solar panels, polyester (stain resistant clothes), chewing gum, crayons, Aspirin, pantyhose, sneakers, detergent, CDs, plastics of any kind, food additives, fertilizers, pesticides and more. When these industries are growing, demand for Oil increases. And this demand typically results in higher prices. However, the price of Oil has collapsed, ending a 16-year bull market, and falling to levels not seen since 2004.

    Oil is the most striking example of economic collapse from the commodity space. However, ALL commodities across the board are showing economic collapse. Here is the Commodity Index. It is made up of Oil, Copper, Tin, Wheat, and every other commodity you can think of. It too has ended a 16-year bull market. Based on the lack of economic demand, prices for Commodities are back where they were in 1999. It’s as though the last 16 years of “growth” has been erased as far as demand is concerned.

    read more.



November 19, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The U.S. Economy Is Collapsing – Americans Are Out Of Money


  • The U.S. Economy Is Collapsing – Americans Are Out Of Money
    Wall Street, fearful that consumers are running out of cash heading into the crucial Christmas retail season, are selling off retail stocks and everything else sensitive to consumer spending.  – New York Post 

    The retail sales report for October was much worse than expected.  Not only that, but the Government’s original estimates for retail sales in August and September were revised lower.  A colleague of mine said he was chatting with his brother, who is a tax advisor, this past weekend who said he doesn’t understand how the Government can say the economy is growing (Hillary Clinton recently gave the economy an “A”) because his clients are lowering their estimated tax payments.  Businesses lower their estimated tax payments when their business activity slows down.

    In September the Fed released its Consumer Expectations survey which showed a collapse in consumer income and spending expectations.  This does not occur in an economic system which is experiencing growth.

    The price of oil traded below $40 briefly this morning.  The propaganda machine would have you believe that OPEC is driving the price down to put the U.S. shale industry out of business.  This has to be one of the most idiotic rationalizations for a negative economic occurrence I’ve ever seen (that, and “the bad weather ate my homework”).   The price of oil is collapsing because demand for oil is collapsing.   Demand for oil is collapsing because economic activity globally, including and especially in the U.S., is collapsing.

    Once again the Empire Fed Manufacturing survey for November continued to plunge deeper into negative territory.  It missed Wall Street analyst expectations once again by a wide margin.  The index fell to negative 10.74 vs the -6.34 forecast.  The average work week fell for the fourth straight week.   I have news for everyone, if the average work week falls, it means people are making less money.   Less money translates into a disaster for holiday sales.

    read more.


November 18, 2015 Posted by | Economics | , , , , , | Leave a comment

Apocalypse Now: Has the Next Giant Financial Crash Already Begun?

Click on image for article.

  • Global economic, financial and currency collapse is almost here. Got physical gold/silver yet? It is a deliberate, engineered global crisis by the Satanic cabal via their Illuminist banksters. The Satanic WW3 will follow soon. Listen to the war drums in Europe, Middle East and Asia.


November 3, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Putin Urges Dollar To Be Ditched in Oil Deals

The grim reaper is coming for the petrodollar.

The grim reaper is coming for the petrodollar.


  • Jim Sinclair’s Commentary
    A note that came in over the transom from an extremely well informed and smart fellow.

    “Putin said; “Don’t push Russia, otherwise I will be forced to release a financial nuclear weapon that will destroy the financial structure of the Dollar (Russia and China have been game planning for all this… over many moons).  From their position; they may be timing their dollar attack with the extension of the debt ceiling rise in the U.S., as it always gets world wide attention (Rand Paul is now filibustering same). The news on Deutsche bank highlights one of the main players in the derivatives mess.”

  • Putin Urges Dollar To Be Ditched in Oil Deals
    President Vladimir Putin has raised the ante in Russia’s bid to cut dependence on the dollar, urging greater use of the national currency, the ruble, in oil deals.

    Russian leaders, whose country is a top crude exporter, have already proposed to carry out oil trade operations in currencies other than the dollar, such as China’s yuan. 

    Addressing oil executives and government officials in the Kremlin, Putin renewed the call, saying national currencies should be widely used in operations with the countries with which Russia is actively trading. “A serious consideration of the complex issue of enhancing the ruble’s role in settlements, including in the energy sector, should be started,” Reuters quoted him as saying.  

    Moscow’s plans to cut transactions in the dollar have found added momentum in the wake of Western sanctions which restrict Russia’s access to international capital. In September, Putin proposed a bill to the country’s legislature to eliminate the dollar and the euro from trade between member states of the Commonwealth of Independent States (CIS).

    “This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets,” a Kremlin statement said then.

    Members of the Eurasian Economic Union (EEU) – Russia, Belarus, Armenia and Kazakhstan – have already signed an agreement to switch to their national currencies.  

    Iranian officials have also announced that a mechanism for transactions in national currencies with Russia was already in place. Russia has proposed similar systems with Vietnam and Indonesia, Turkey and Egypt.

    Meanwhile, the country has banned imports of fruit, vegetables, fish and dairy products from Europe, the US, Canada and Australia in retaliation.


October 30, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Putin Wants to Axe Dollar from Russian Trade

Click on image for article.

  • The logical move for both Russia and China to fight against the US is to end the western Illuminati’s global monetary hegemony. The chief component of which is the US dollar. Because the dollar is the world reserve currency, the western Illuminati is able to create trillions of dollars out of thin air to finance wars without end, to buy up the world, to attack nations financially, economically, to manipulate and control commodity, precious metals, agriculture … prices, cause famine, destabilize the world, finance, foment terrorism … etc.
  • The attack against the petrodollar by Putin is in this direction. Oil is priced and sold in dollars. Thus, creating artificial demand for USD. Since all countries need oil, they keep USD to buy oil. By destroying this petrodollar link, the great demand for the USD will disappear. It also means the end of the USD as world reserve currency.
  • China is also about to strike at this link by initiating the purchase and sale of oil in Chinese Yuan (CNY, RMB) ie. a PetroYuan standard. China is already taking actions to end the manipulation of gold/silver prices in the Shanghai Exchange. The end of precious metals price manipulation also means the end of unbacked fiat currencies. The Chinese will implement a gold trade note international trade settlement system. These actions imply a Return to the Gold Standard. It is a direct assault on Wall Street and London as financial centres of the world. Ie. it is a direct attack on the pricing of financial assets, stocks, commodities … in the US dollar, to be replaced by Shanghai and denominated in Chinese Yuan.

The war drums will beat even louder. Click on image for article.

Click on image for article.

October 29, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Jim Willie Update on Financial Collapse and Geopolitical Chess Moves

  • Published on Oct 26, 2015
    Great interview with Dr. Jim Willie, Editor of the Hat Trick Letter that can be found on
    1) Lost US leadership globally, with Petro-$ gone and USMilitary retreat- numerous hidden consequences to the dismantled Petro-Dollar Standard
    – rising USD exchange rate (not from strong economy) has slammed a few areas
    – US energy sector in absolute wrecked tatters (bankruptcies, debt defaults)
    – US export trade in standstill (empty Calif shipping containers)
    – assaults on Wall St bank balance sheets, with derivative losses (covered by Hidden QE)
    – led to Russian Military inclusion in northern Middle East front
    – Russia saw threat to Tartus Naval Base, to Turkey and Bosporus entry, to Russia front
    – duplicity of the ISIS/ISIL entire movement and position by USGovt
    – growing retreat has deeper military superiority issues at work (Russian spot items)

    2) RMB international seeding and spread with Hub Centers, trade settlement, and soon oil sales

    – London strives with ambition to be major European RMB hub for connection to China
    – London has ambition to be major link to China for massive trade deals
    – competition with France, Germany, Switzerland on RMB hub centers
    – delay for IMF Special Draw Rights inclusion seems orchestrated
    – IMF inclusion means perhaps $1 trillion in estimated RMB bonds in Western bank systems
    – cross border trade rising noticeably in RMB settlement (still rather minor)
    – fast rising RMB settlement in gold trade
    – big BIG item upcoming is Gulf Emirate oil sales in RMB terms
    – strategic meetings between Saudis and Russia at Kremlin with Putin
    – negotiating Saudi role vis-a-vis ISIS, and probably RMB sales with Russia price setting
    – major changes coming to Saudi, either play ball with Kremlin or swept out in palace coup
    – Russian trade zones avoid USD in payments, likely to use more RMB
    – CIPS payment system set running, to be expanded, rivals SWIFT (pushed aside for abuses)

    3) USTreasury Bond cracks covered by (not so hidden) $1 trillion in monthly QE volume
    – ongoing USTBond market fractures and collapse in ultra slow motion
    – maybe negative interest rates far more widely, even on Fed Funds
    – negative flirt on REPO rate and Dollar Swap rate
    – major new item is Reverse REPO gigantic volume, Fails Deliver TBonds gigantic volume
    – $40 billion in daily Fail volume means $1 trillion per month in Hidden QE by USFed
    – flow is confirmed, but purpose is not (suspect Wall St bank oil hedges and Petro-$ derivs)
    – Belgium EuroClear identified as Chinese (BRICS too) weigh station for TBond dumping
    – notice $250bn in Chinese dumped TBonds in July, Aug, Sept but TNX calm near 2.0%
    – USTreasury Bond market under full control, emergency war room condition

    4) Key swing nations in Britain, Germany, Turkey, Saudi Arabia
    – geopolitical stage at risk of important tipping points
    – Britain might make key decisions against USD in order to court RMB trade
    – Germany might make key moves to further Frankfurt RMB Hub
    – could it be that Germany will undermine Russian Sanctions via further RMB moves?
    – Turkey has upcoming elections in early November
    – word is tilt East even if Erdogan wins, but much faster tilt if loses
    – risk of Turkish Military coup present and strong
    – Turkey is important in two ways: Bosporus control, Turk Stream in Gazprom pipeline
    – Saudis are in state of flux, royal challenges as King Salman is out with senile dementia
    – Mohammed bin Salman (MbS) is in charge, cutting deals with Putin in Russia
    – war in Yemen going badly, another proxy war with Iran
    – Saudi important in numerous ways: turns Emirates RMB, end of Petro-$, oil exhausted


October 28, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment


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