Socio-Economics History Blog

Socio-Economics & History Commentary

Israel & Greece Accuse Turkey of Funding ISIS, Smuggling Oil

  • Is Turkey being setup to be the patsy? As cannon fodder to engage Russia in war?
  • Published on Jan 27, 2016
    Israel’s defense minister has alleged that the Islamic State terror group has long been funded with “Turkish money.” “As you know, Daesh (Islamic State, previously ISIS/ISIL) enjoyed Turkish money for oil for a very, very long period of time. I hope that it will be ended,” Moshe Yaalon told reporters in Athens on Tuesday after meeting his Greek counterpart, Panos Kammenos, Reuters reports.

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January 28, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Putin’s Top Security Adviser: United States Want to Weaken Russia for Its Mineral Resources for Global Dominance

Build_up_to_WW3_US_pushing_Russia_into_World_War_3

  • Putin’s top security adviser says U.S. is after Russia’s minerals 
    by Vladimir Soldatkin; Editing by Richard Balmforth, http://www.reuters.com/ 
    The head of Russia’s Security Council said in a newspaper interview published on Tuesday that the United States wanted a weakened Russia so as to gain access to its vast mineral resources. 

    The attack on the United States by Nikolai Patrushev came against a background of anti-Western rhetoric by Moscow following imposition of sanctions by Washington and the European Union over Moscow’s role in Ukraine’s crisis.

    In an interview with BBC Panorama aired on Monday night, Adam Szubin, acting U.S. Treasury secretary for terrorism and financial crimes, accused Russian President Vladimir Putin of amassing secret wealth by corrupt practices over “many, many years”.

    “The United States’ leadership has set a goal of global dominance,” Patrushev, a former head of Russia’s FSB state security service and a long-standing ally of Putin, told the Moskovsky Komsomolets newspaper in an interview on its website.

    “They don’t need a strong Russia. On the contrary, they need to weaken our country as much as possible. To achieve this goal, the Russian Federation’s disintegration is not ruled out as well,” Patrushev said.

    “This will open access to the richest resources for the United States, which believes that Russia possesses them undeservingly.” 

    Russia is the world’s sixth-largest holder of crude oil resources and its natural gas reserves are the second biggest, marginally lower than those of Iran, according to BP data, one of the most respected in the industry. Patrushev repeated Moscow’s concern that NATO’s expansion represents a threat to Russia’s national security.

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January 28, 2016 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Deutsche Bank Declares War On Mario Draghi, Warns Him Any Further QE Will Push Stocks Lower

Mario_Draghi_QE-Europe_collapsing_ECB

  • Deutsche Bank Declares War On Mario Draghi, Warns Him Any Further QE Will Push Stocks Lower
    by Tyler Durden, http://www.zerohedge.com  
    In what is the first official warning to a central bank to no longer do what has been done so far for seven years, earlier today Deutsche Bank came out with a startling presentation addressed to Mario Draghi, warning him explicitly that any more QE will not only not help stocks (and certainly not DB stock which continues to plumb post-crisis lows on fears it is overexposed to the commodity crunch and potentially such names as Glencore and various other commodity traders), but will actually push equities lower.

    Here is the key segment from a report just released by the bank’s European Equity Strategy: 

    While the outlook for more ECB easing has buoyed equity markets, we think it could turn out to be a negative for risk over the coming months, as it is likely to lead to further dollar strength, which in turn is set to translate into additional downside pressure on the oil price, further balance sheet stress in the US energy space and higher US high-yield credit spreads . Our models suggest that European equities are fairly valued, given the current level of US high-yield spreads. If more dollar strength and weaker oil lead US speculative default rates to rise above the level of around 4% currently priced into the credit market, this could mean more upside risk for HY credit spreads and more downside risk for equities over the coming months.

    read more.

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January 28, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Israel: Turkey Sponsoring ISIL(ISIS-Daesh) Terror Group

  • Pot calling the kettle black!
  • Published on Jan 27, 2016
    Israel’s minister of military affairs says Turkey has been sponsoring and funding Daesh by purchasing smuggled oil from the terrorist group. Ya’alon made the comment after meeting with his Greek counterpart, Panos Kammenos, in Athens. Last December, Russia released photos showing columns of tanker trucks loading oil at Daesh-controlled installations in Syria and Iraq before entering neighboring Turkey. Ankara denies permitting oil smuggling by Daesh terrorists who are in control of parts of Syria and Iraq. The comments by the Israeli minister come as Tel Aviv itself has been repeatedly accused of supporting militants fighting the government of Syria’s President Bashar al-Assad. Israel has set up hospitals near the border with Syria to treat the militants injured during fighting in the Arab country.
http://www.haaretz.com/israel-news/1.699667

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http://www.israelnationalnews.com/News/News.aspx/188359#.VUw0TPmqqkr

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http://www.jpost.com/Middle-East/New-UN-report-reveals-collaboration-between-Israel-and-Syrian-rebels-383926

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http://www.globalresearch.ca/israel-empowers-islamic-state-isis-terrorists-in-syria/5421424

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http://henrymakow.com/israelcreatedhamastoavoid.html

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http://online.wsj.com/article/SB123275572295011847.html

This article does not tell the whole story! Hamas was and still is a tool of the Mossad! Click on image for article!

https://socioecohistory.wordpress.com/2010/09/04/hexagram-star-of-david-or-star-of-lucifer/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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January 28, 2016 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , | Leave a comment

Why A Former FedRes Official Fears A Global Meltdown

Global_Financial_Meltdown1

  • Why A Former FedRes Official Fears A Global Meltdown 
    by Tyler Durden, http://www.zerohedge.com 
    Authored by Gerald O’Driscoll, former vice president at The Dallas Fed, posteed op-ed at The Wall Street Journal,
    Are we headed for another global financial crisis? The market convulsions of the past week reflected a continuation of a market selloff that began on the first trading day of 2016. Investors have reasons to be fearful—but not terrified.


    This year is likely to be one of financial crises in industries and countries around the world.
    Whether those turn into a global financial crisis is an open question, and the answer will likely turn on the health of the U.S. financial industry and broader economy. No crisis is global if American financial markets hold up. The best I can foresee, at this moment, is that a true global financial crisis is not likely.


    Pundits are focused on collapsing oil prices, which reflect the technological revolution in production among nimble private producers, combined with weakening global demand for their product. The result has been layoffs in the energy industry, and there will be more. Weak and highly leveraged energy firms have gone bankrupt and more will. But bankruptcy doesn’t necessarily mean that production will decline.

    Creditors who lent to these energy producers will suffer losses on their loans, and they too might become financially impaired. If past is prologue, those lenders will be reluctant to fully realize their losses, and they will continue to view future energy prices through too-rosy glasses. Banks will be reluctant to mark down the value of nonperforming loans and book losses, or even set aside sufficient loan loss reserves. They will instead “extend and pretend”—i.e., extend maturities and pretend they expect the loans to be paid back. Will federal and state banking regulators aid and abet the process? They have in the past, and rumor is that they are already doing so today.

    The problem with extend and pretend is that it allows losses to accumulate. When they finally must be realized, they are larger than they would have been, and some financial firms will collapse. This happened in the Texas banking crisis of the 1980s and the nationwide savings-and-loan crisis of the 1980s and ’90s. I am not predicting another banking crisis—but pointing to the folly of extend and pretend.

    read more.

Louis_McFadden_1929_Stock_Market_Crash_International_Bankers

Curtis_Dall-Depression_calculated_shearing_of_the_public_by_World_Money_powers_WallStreet_One_World_Government_Federal_Reserve_Bank

http://www.wnd.com/2008/03/59405/

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January 27, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

This Is What “Stress Levels” Looked Like Two Months Before The Last Three Market Crashes

SnP500_vs_WTI_Oil_Correlation-20160126

  • This Is What “Stress Levels” Looked Like Two Months Before The Last Three Market Crashes
    by Tyler Durden, http://www.zerohedge.com 
    … the real question of course is whether a crash is indeed coming? As Bank of America notes, a traditional telltale sign of crashes is a surge in correlation among various otherwise uncorrelated assets.

    Which is notable because as we showed earlier, the correlation among two key asset classes, namely stocks and oil, have soared to record highs…. while the respective vol correlations is likewise surging, as one would expect, soaring.

    This, to many traders, is the first clear sign that something is seriously wrong and a broad selloff may either be imminent or necessary to short circuit a market in which all correlations are converging.

    So for those who are inching closer to the “crash is imminent” camp, we suggest taking a look at the chart below showing the stress levels, or rather lack thereof, 2 months prior to every major crash in the past decade, and extrapolating how far said “stress” may soar to in the coming 8 weeks if, as Citi, JPMorgan and Deutsche Bank today suggest, central banks are on the verge of losing control…

BofA-Min_2mths_ahead_of_historical_financial_stress_peaks

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January 27, 2016 Posted by | Economics | , , , , , , , | Leave a comment

China And Russia Are Preparing For A Bankrupt US Financial System

  • Published on Jan 25, 2016
    The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway’s biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy.

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January 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Deflation Monster Has Arrived

FedRes_Bad_decision-SPX-monthly-1-15-2016

Everything-happens-for-reason-youre_stupid_n_make_bad_decision

  • The Deflation Monster Has Arrived
    by Chris Martenson, http://www.peakprosperity.com/  
    And it sure looks angry
    As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling. Just in the two weeks since the start of 2016, the US equity markets are down almost 10%. Their worst start to the year in history. Many other markets across the world are suffering worse.

    If you watched stock prices today, you likely had flashbacks to the financial crisis of 2008. At one point the Dow was down over 500 points, the S&P cracked below key support at 1,900, and the price of oil dropped below $30/barrel. Scared investors are wondering:  What the heck is happening? Many are also fearfully asking: Are we re-entering another crisis?

    Sadly, we think so. While there may be a market rescue that provide some relief in the near term, looking at the next few years, we will experience this as a time of unprecedented financial market turmoil, political upheaval and social unrest. The losses will be staggering. Markets are going to crash, wealth will be transferred from the unwary to the well-connected, and life for most people will get harder as measured against the recent past.

    It’s nothing personal; it’s just math. This is simply the way things go when a prolonged series of very bad decisions have been made. Not by you or me, mind you. Most of the bad decisions that will haunt our future were made by the Federal Reserve in its ridiculous attempts to sustain the unsustainable.

    read more.
http://www.wnd.com/2008/03/59405/

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AlanGreenspan-How_The_FedRes_caused_the_1929_Great_Depression

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January 26, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The Illuminati Elite Are Taking Us On An Express Elevator To Hell

  • Published on Jan 23, 2016
    Alex Jones talks with Michael Snyder, the publisher of The Economic Collapse Blog about why the elite want to send the global economy on an express elevator straight to hell.

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January 25, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Ron Paul Says to Watch the Petrodollar

  • Ron Paul Says to Watch the Petrodollar 
    by Nick Giambruno, http://www.goldseek.com/ 
    The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better. – Ron Paul 

    Ron Paul is calling for the end of the petrodollar system. This system is one of the main reasons the U.S. dollar is the world’s premier reserve currency.

    Essentially, Paul is saying that understanding the petrodollar system and the forces affecting it is the best way to predict when the U.S. dollar will collapse. Paul and I discussed this extensively at one of the Casey Research Summits. He told me he stands by his assessment.

    This is critically important. When the dollar loses its coveted status as the world’s reserve currency, the window of opportunity for Americans to protect their wealth from the U.S. government will definitively shut.

    At that point, the U.S. government will implement the same destructive measures other desperate governments have used throughout history: overt capital controls, wealth confiscation, people controls, price and wage controls, pension nationalizations, etc.

    The dollar’s demise will wipe out the wealth of a lot of people. But it will also trigger political and social consequences likely to be far more damaging than the financial fallout. The two key takeaways are:

    1. The U.S. dollar’s status as the premier reserve currency is tied to the petrodollar system.
    2. The sustainability of the petrodollar system relies on volatile geopolitics in the Middle East (where I lived and worked for several years).

    read more.

petrodollar-system-101

petrodollar-explained

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January 25, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

The Oil And Gas Credit Collapse Is Going To Be Catastropic

  • The Oil And Gas Credit Collapse Is Going To Be Catastropic
    by Dave Kranzler, http://investmentresearchdynamics.com/ 
    We’re headed toward another big credit explosion and I think what’s happened in the oil market is will trigger that.  The perfect poster-child of what’s going to happen to the stock market is what’s happened to Kinder Morgan stock.  – interview with CrushTheStreet.com 

    It speaks volumes about the corrupted nature of our financial markets that this news report does not cause a huge downward price adjustment in the entire stock market:  Big Banks Brace For Oil Loans To Implode.  This is, minimally, t $500 billion issue and that number does not incorporate at all the size of the derivatives exposure to oil sector debt. Move along, nothing to worry about here…it’s reminiscent of circa 2007, when Bernanke stated that the problems developing in the mortgage market were “contained.”

    And speaking of Kinder Morgan, I listened to the Kinder Morgan conference call because I’m working on stock report on KMI. I forgot what a Broadway play production these investor calls are. Richard Kinder is a grade-A snake-oil salesman. Everyone seems to have forgotten that he was the COO of Enron when Enron’s Ponzi scheme was being constructed. He was college buddies with Ken Lay. But he left in 1997, buying out an Enron pipeline subsidiary with William Morgan.  Everyone thinks Richard Kinder is squeaky clean and they don’t associate him with Ken Lay. It’s emblematic of the ignorance, denial and fraud embedded in our system. KMI has been issuing debt to make its dividend payments and the only reason they cut their dividend is because their bankers told them they would have trouble issuing more debt this year. Kinder kept referencing the possibility of stock buybacks on the call. Are you kidding me?  You can visualize the sycophantic big bank analysts writing everything down word for word in order to regurgitate them robotically in farcical equity reports designed to suck more idiots into the stock.

    read more.

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January 25, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Ruble Plunges 26% in 90 days, 6% in Two Days, Hits New Low, Government Says to Heck with It

Russia-ruble-usd-Oct-2015-Jan-21-2016

  • Ruble Plunges 26% in 90 days, 6% in Two Days, Hits New Low, Government Says to Heck with It
    by , http://wolfstreet.com/  
    Where’s the shock and awe?
    The ruble plunged 3.8% on Wednesday and another 2.8 on Thursday to a new all-time low of 83.85 to the dollar, at 5:30 PM Moscow time, blowing through the previous catastrophic panic low of December 2014. At the time, the Ministry of Finance and the Central Bank deployed desperate, and ultimately very costly shock-and-awe measures to stop the ruble from spiraling out of control. And it triggered all kinds of drama.


    On December 16, 2014, the Central Bank announced that it increased its benchmark rate by a brutal 6.5 percentage points to a dizzying 17%, after having already jacked up rates in the prior week to 10.5%. And the Ministry of Finance announced it would begin selling Russia’s crown jewels, its dwindling foreign currency reserves, and with the proceeds mop up rubles.

    It seemed to put a floor under the ruble for a few blinks of an eye, but then the ruble crashed 20% in no time, hitting 80 rubles to the dollar for a few moments, and it was going to be the end of the world, but then the ruble reversed course and spiked higher.

    Today, there’s no such drama. The ruble is now lower than it had ever been. It has plunged 26% against the dollar in just three months. It’s also down 25% against the euro, 27% against the yen, and 23% against the yuan. This is an all-out ruble crash, not a “strong dollar” problem.

    And it’s down 63% against the dollar since early 2013. Back then, it took 29 rubles to buy a dollar. It took 62 rubles three months ago. It takes nearly 84 rubles now: (chart top of post)

    read more.

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January 23, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Beware the Great 2016 Financial Crisis And Collapse of Eurozone – Warns Leading City of London, Societe Generale Strategist

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

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January 23, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

The Secret Behind The Next Global Crash

Global_Financial_Meltdown1

  • The Secret Behind The Next Global Crash
    by Pepe Escobar, http://sputniknews.com/  
    The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008.

    Yet there will be. And the stage is already set for it.

    Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia is unloading at least $1 trillion in securities and crashing global markets under orders from the Masters of the Universe – those above the lame presidency of Barack Obama. 

    Those were the days when the House of Saud would as much as flirt with such an idea to have all their assets frozen. Yet now they are acting under orders. And more is to come; according to crack Persian Gulf traders Saudi Western security investments may amount to as much as $8 trillion, and Abu Dhabi’s as $4 trillion.

    In Abu Dhabi everything was broken into compartments, so no one could figure it out, except brokers and traders who would know each supervisor of a compartment of investments. And for the House of Saud, predictably, denial is an iron rule. 

    This massive securities dump has been occasionally corporate media, but the figures are grossly underestimated. The full information simply won’t filter because the Masters of the Universe have vetoed it. 

    There has been a huge increase in the Saudi and Abu Dhabi dump since the start of 2016. A Persian Gulf source says the Saudi strategy “will demolish the markets.” Another referred to a case of “maggots eating the carcass in the dark”; one just had to look at the rout in Wall Street, across Europe and in Hong Kong and Tokyo on Wednesday.

    So it’s already happening. And a crucial subplot may be, in the short to medium term, no less than the collapse of the eurozone

    The Crash of 2016?
    So a case could be made of a panicked House of Saud being instrumentalized to crash a great deal of the global economy. Cui bono? 

    read more.

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January 23, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Michael Snyder: Apocalypse 2016

  • Published on Jan 22, 2016
    Alex Jones speaks with economic expert Michael Snyder about what he sees in store for the world in the year of 2016.
http://www.theguardian.com/commentisfree/2015/nov/01/financial-armageddon-crash-warning-signs

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http://theeconomiccollapseblog.com/archives/financial-armageddon-approaches-u-s-banks-have-247-trillion-dollars-of-exposure-to-derivatives

Click on image for article.

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January 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

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