Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Hidden Trillion$ QE, Stock Market Fraud, Oil Derivatives Mayhem, More…

  • Published on Sep 3, 2015
    Sept. 2, 2015 / Dr. Jim Willie joins Paul Sandhu on Wake up and Live Radio to discuss the following:

    Hidden Trillion$ QE?
    1-Are $trillions in QE volume being hidden in dispensation for banker benefit ? How is it being done ? For what purpose ?

    Stock market Roller Coaster – headed up or down?
    2-Have we entered an unstable period where the major stock indexes will go haywire? Why has the USFed included stocks with its controversial bond purchases ?

    Oil price volatility and its significance
    3-Why is the crude oil stuck low? What are consequences for USEconomy & big banks ? Is there a new wrinkle to the energy world to become evident in the next few years ?
    -PetroDollar machinery has been undergoing a vast dismantle for almost a year
    -evidence is falling oil price and rising USDollar exchange rates

    4- What can be expected with violent incidents like the 2 chemical plant explosions following the Chinese RMB devaluation ? What exactly is the threat to the USDollar from such devaluations ?
    -RMB devaluation means triggered Competing Currency War (competitive devaluations)
    -high USDollar is soon to be recognized as a major problem across the world
    -Currency War means USD will be pushed higher in an accelerating vicious cycle
    -USGovt has boasted like fools of strong USD being an advantage, but it is death knell

    5-What is the significance of Gold & Silver during the financial bust and reconstruction of the next financial and trade structure to come ? Does it truly offer protection, and how so?

    US Prez. elections, just theatre of the absurd or of any real significance?

    6-What is your impression of the US Presidency, as an office, and its recent lineage ?
    -has been theater of controlled puppets for 20 years
    -easy to conclude that Red coats and Blue coats are two items in the Narco Fascist wardrobe

    Dr. Jim Willie Website:


September 4, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Putin Targets US Monetary System: “Aims to Eliminate the US Dollar and the Euro From Trade”

  • Putin Targets US Monetary System: “Aims to Eliminate the US Dollar and the Euro From Trade”
    by Mac Slavo,  
    Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.

    Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy, dumping half a trillion in dollar denominated assets.

    But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.

    And now, as Russia’s economy collapses under the weight of American and European sanctions, including what many believe to be widespread downward manipulation of oil prices, Vladimir Putin is sending a clear signal to the central bank of the world’s reserve currency.

    A new bill drafted by the President of the Russian Federation aims to completely eliminate the US dollar from the trade of goods:

    Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

    This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

    “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”
    , said a statement from Kremlin.

    The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.
    Source: RT

    The implications for such a move, though not necessarily immediate, are serious over the long-term. That China and Russia are now overtly divesting themselves of U.S. dollar assets signals a significant paradigm shift in global trade.

    read more.

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

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September 3, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

The Petrodollar Unwinding Will Decimate The Economy

  • Published on Aug 31, 2015
    Foreign investors are nervous and they are removing their investments from China. Japan factory output declines. Canada is heading into a major recession. Chicago PMI and Dallas manufacturing implode. Walmart give employees a raise then cuts hours. Retail department stores is now declining. Central banks removing their gold from the FED. The petrodollar is unwinding which will send the economy into a full blown collapse. Central bankers are now blaming this collapse on China. Obamacare Cadillac tax kicks in the year 2018.




September 1, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Hidden $Trillion QE Monthly Volume


  • Jim Willie: Hidden $Trillion QE Monthly Volume
    by Jim Willie,  
    The massive Quantitative Easing (QE) abuse by the USFed and steeped lies are centered on its volume, which in reality is an order of magnitude higher than admitted. The recent usage of certain REPO windows has been effective to disguise huge volume of bond purchases. The entire bond system is irreparably corrupted. The REPO window hides QE extras with naked bond shorting linked to a $1 trillion extravaganza that receives almost no publicity. While the public, and even more financial market participants, focus on the Dow Jones stock index, the Treasury Bond yield, the crude oil price, and very little else, they overlook the Reverse REPO window and the related Failures to Deliver data for USTreasury Bonds. The two work like a hand and glove. 

    The abuse is laced all through the USTreasury Bond market. These big banks never pay for their crimes, as they repeat them in other forms. Since JPM is the official USFed market agent, no consequence in criminal charges. It is given praise and more bond redemptions. When caught, the Wall Street and London Centre banks pay fines and penalties, sometimes even meager restitution, but they chalk it all up to a business expense. Criminal fraud is merely a cost of doing business in New York and London. The public is none the wiser. The American public by and large are in need of remedial education, lately showing no knowledge of money, capital, banking reserves concepts, the USDollar status, or economic meters. The greatest shortcoming is knowledge of how to grow an economy, since tin cupping with handouts aint the answer. The answer is found in business investment, something our Marxist leaders oppose unless they have personal investments involved. See Chertoff and airport devices. See Rumsfeld and Tamiflu programs. See Obama and Solyndra investments.

    Focus on the Reverse REPO, which is highly innovative from two angles. Normally the USFed requires collateral to be placed at the REPO window, from companies seeking cash infusions on a temporary basis. Sometimes the USFed announces a ripe volume of Reverse REPO infusions into the system. They occasionally attract bad attention, but it wanes with the next fiction on strong markets and recovering economies, or even debate among fools who anticipate official rate hikes. The USFed uses the Reverse REPO to hide some of its QE volume. It is concealed QE volume, part of the biggest lie in US financial history since the USFed has generated multiple $trillions in hidden channel support, massive gushers. The key is no collateral placed on the opposite side of the window. It is neither stimulus nor minor in volume. The central bank helm is managing a gigantic volume, hidden in numerous ways. The John Q Public is none the wiser, reading the controlled fiction in financial press publications, about wondrous stimulus. In reality, QE kills capital and assures an economic collapse. It is happening before our eyes.

    The related other side of the table features the Failures to Deliver on USTreasury Bonds. The Wall Street Journal and New York Times report on the phenomenon, but quickly move off the topic. To have a significant figure of undelivered USTBonds speaks of more deep criminality. It indicates counterfeit or naked shorting by Wall Street banks. They have found a way to bring in liquidity to their broken insolvent big banks, selling USTBonds they do not own, receiving the funds into the corporate treasuries, improving handsomely their cash flow, never to deliver on the product. The buyer is often none other than the US Federal Reserve, which does not force prosecution for counterfeit or bond fraud from its vassal bank accomplices in the crime of counterfeit. 

    read more.





September 1, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Alert: The Global Financial War Is Now Full-Blown HOT!

  • Published on Aug 28, 2015
    Jim Willie Is Pete’s special guest tonight and says any Nation that has a devaluation in the future can look forward to a military attack … The type of attack may surprise you.

    About Jim Willie: The man behind the name Jim Willie has experience in three important fields of statistical practice in the 23 years following completion of a PhD in Statistics at Carnegie Mellon University. The thesis topic was in the field of stochastic processes. He spent time since 2001 in a private consulting firm in Pittsburgh, PA. The work included pharmaceutical and medical claim estimation, stratified sampling for consumer packaged goods market share, training seminars in advanced regression models, and consulting toward various other projects within the firm. In August of 2003, he became a low-cost solution at his firm, the job as vanished, which opened a great door. At that time, he launched the Hat Trick Letter and the rest is history.

    Since 2004, Jim has worked full-time on the newsletter. The work is focused exclusively on the US and world economies, financial markets, currencies, and the commodity fields. Gold and energy, along with central bank monetary policy have been a prime focus in the Hat Trick Letter, which has reached a 10-year anniversary in May of 2014. The list of correct mega-forecasts is long, the focus sharp, the scope global, the sources deep, the colleagues adept, and the work tireless. Not having a professional training in Economics has enabled a much clearer analytic style, free from delusion and defense of the system. While the profession boasts a correct forecast rate of about 30%, the Jackass carries a near 90% correct forecast rate, since criminal activity and market interference are well integrated in the work, and propaganda from Wall Street, the Federal Reserve, and the USGovt are routinely doubted and dismissed. The economics professor has turned into a disgraceful field of big bank marketing agencies and investment steering committees. As he prefers to say, “My work is unencumbered by the limitations of economics credentials. My loyalty is to the subscribers and loyal following.”


August 31, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Coming Oil Bust Bigger Than Sub Prime Collapse

  • Published on Aug 28, 2015
    Jason Burack of Wall St for Main St had on returning guest, editor of the Hat Trick Letter, Jim Willie. 

    Jim has been writing his newsletter about the global economy, gold, etc for over a decade and has had many successful predictions years in advance including predicting the 2008 collapse of US banks. 

    During this hour+ long interview, Jason starts off by asking Jim if China is planning additional retaliation against the US after their couple of devaluations against the US Dollar for the RMB not being allowed into the SDR? Jim says the RMB will never be allowed into the SDR. 

    Next, Jason asks Jim why do you think China, Russia and the BRICs haven’t pulled the plug yet and what steps do you think need to be taken before they do it? Jim says China is currently dumping massive amounts of US Treasuries and they are requiring the RMB for trade settlement.  

    Next, Jason asks Jim about why the oil price is falling and if the Saudis or OPEC hired Wall St to intentionally short the paper oil market? Jim thinks the Saudis and OPEC are pushing the oil price down to bankrupt US shale oil companies and also punish the US banks who loaned money and underwrote hedges for the US shale producers. Jim thinks the coming oil bust will not be contained and will be bigger than the US sub prime mortgage and housing crisis that spread into the US banking system, into all US real estate and across the globe. 

    Next, Jason asks Jim about evidence of developing shortages in the physical silver market. Jim says the shortages will get worse as Wall St banks are destroying the precious metals mining sector. Jason and Jim discuss whether the covert price manipulation of silver is like a government mandated price control.

    After that, Jason asks Jim about US Secretary of State John Kerry’s comments about the US Dollar losing its sole World Reserve Currency (WRC) status and why a high level US politician would admit that in public? 

    To wrap up the interview, Jason asks Jim about Donald Trump, the Federal Reserve’s bloated, growing balance sheet and if they are trapped and can ever raise interest rates and the gold market. 

    Jason asks Jim why mainstream, Progressive billionaires like Stanley Druckenmiller are buying gold for the first time in their lives and why China only reported an increase in its gold holdings of 1600 tons?

    Jim Willie says we are in the 9th inning of the current financial system and global economy before the next global economic system is put into place.


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

How To Deal With The Global Financial Meltdown and Why It Happened

  • Published on Aug 24, 2015
    In this video Luke Rudkowski breaks down the breaking news of the global financial meltdown that started in China and is affecting the rest of the world. Luke goes over how this new financial crisis started and what you need to do to prepare yourself for it.


August 28, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: The Imminent Death of the Dollar. Prepare Yourself Accordingly.

  • Published on Aug 25, 2015
    MP3 Download:… 

    As the financial markets plunge, many are desperately waiting to see if the Federal Reserve and Janet Yellen will decline to raise the Federal Funds Interest Rate from its current 0-0.25%. In light of the volatility shown by the Dow Jones Industrial Average and other economic indicators, Wall Street yearns for more quantitative easing in the form of QE4.

    Peter Schiff and Stefan Molyneux discuss the latest news in the United States and global economy, including: the Chinese currency devaluation, fall of the Shanghai Stock Exchange Composite Index, mountains of debt, the Dollar compared to the Euro, the plunge in the price of Oil, Bernie Sanders popularity, Gold, Jon Stewart formerly of The Daily Show, minimum wage absurdity, the hatred of the rich and the economic future of the United States.


August 27, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

What Would Happen If Everyone Joins China In Dumping Treasuries?

PetroDollar is dying!

PetroDollar is dying!

  • What Would Happen If Everyone Joins China In Dumping Treasuries?
    by Tyler Durden,  
    On Tuesday evening in “Devaluation Stunner: China Has Dumped $100 Billion In Treasurys In The Past Two Weeks,” we quantified the cost of China’s near daily open FX operations in support of the yuan. 

    As BNP’s Mole Hau put it on Monday, “whereas the daily fix was previously used to fix the spot rate, the PBoC now seemingly fixes the spot rate to determine the daily fix,[thus] the role of the market in determining the exchange rate has, if anything, been reduced in the short term.” And a reduced role for the market means a larger role for the PBoC and that, in turn, means burning through more FX reserves to steady the yuan.

    Translation and quantification (with the latter coming courtesy of SocGen): as part of China’s devaluation and subsequent attempts to contain said devaluation, China has sold a gargantuan $106 (or more) billion in US paper just as a result of the change in the currency regime. 

    Notably, that means China has sold as much in Treasurys in the past 2 weeks – over $100 billion – as it has sold in the entire first half of the year. 
    Today, we got what looks like confirmation late in the session when Bloomberg, citing fixed income desks, reported “substantial selling pressure in long end Treasuries coming from Far East.”

    The question or rather, the series of questions, that need to be considered going forward are: 

    read more.

Click on image for article.


August 27, 2015 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

Black Monday: Biggest Slide in Chinese Stocks Since 2007, Brent Oil Below $44

  • Published on Aug 24, 2015
    The Shanghai composite has closed down 8.5 percent in a brutal selloff, as Beijing’s measures have failed to ease investor concerns about the slowdown of the world’s second-largest economy. China’s stocks are now down for the year after being up 60 percent in June. READ MORE:


August 25, 2015 Posted by | Economics | , , , , , | Leave a comment

“V” The Guerrilla Economist: The Death Of Petrodollar Is Near, Prepare For The Collapse

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

Why It Really All Comes Down To The Death Of The Petrodollar


  • The oil price has collapsed from over US$100 to below US$40/barrel. Demand for USD has collapsed correspondingly. It also implies: demand for US treasuries has imploded. Who is financing the trillion dollars annual US deficit?
  • Why It Really All Comes Down To The Death Of The Petrodollar
    by Tyler Durden,  
    Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. 

    The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of the Russian ruble had severely strained Kazakhstan, which is central Asia’s largest crude exporter. As a quick look at a chart of the tenge’s effective exchange rate makes clear, the pressure had been mounting for quite a while and when China devalued the yuan earlier this month, the outlook for trade competitiveness worsened. 

    What might not be as clear (on the surface anyway) is how recent events in developing economy FX markets following the devaluation of the yuan stem from a seismic shift we began discussing late last year – namely, the death of the petrodollar system which has served to underwrite decades of dollar dominance and was, until recently, a fixture of the post-war global economic order. 

    In short, the world seems to have underestimated how structurally important collapsing crude prices are to global finance. For years, producers funnelled their dollar proceeds into USD assets providing a perpetual source of liquidity, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop. That all came to an abrupt, if quiet end last year when a confluence of economic (e.g. shale production) and geopolitical (e.g. squeeze the Russians) factors led the Saudis to, as we put it, Plaxico’d themselves and the US.

    read more.




August 24, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Jim Willie: QE Death Sentence & USTBond Black Hole


  • Jim Willie: QE Death Sentence & USTBond Black Hole
    The key step upcoming is the Gulf Emirates soon to accept RMB for oil payment from all Eastern & Asian countries, the major flash point. Coupled with broadbased RMB trade settlement and more purchase of Chinese Govt debt securities, the movement will be on to finally initiate the grand dump of USTreasurys from Eastern banking systems.
    The result will be then a forced reaction by USFed and USDept Treasury to launch the New Scheisse Dollar, which will at the outset have a phony gold foundation. A formal international audit process will break down the fraudulent basis, and lead to a series of painful New Dollar devaluations. Then comes the import price inflation, the supply shortages, and the civil disorder. The New Scheisse Dollar will have a 30% devaluation out of the gate, then many more devaluations of similar variety.

    The Gold price will find its true value and price over $10,000 per ounce
    . The Silver price will find its true value and price over $400 per ounce.
    In reaching these levels, the ratio will return to the 25-1 range. Several steps have been laid out by the Hat Trick Letter toward the return of proper price to precious metals. The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun.

    The steps involve: 

    By Jim
    Rather than stimulus, the USFed’s Quantitative Easing is a death sentence for the USDollar. It might provide an ongoing backdoor bailout opportunity for Wall Street banks, and even a window for China to switch from long dated to short dated USTreasurys, but QE is death sentence. It guarantees that the USDollar will be removed from the global premises and placed in the dustbin of history. Foreign banking systems are largely devoted to USTBonds as the foundation for their entire reserves system. The African type of hyper monetary inflation blessed as good and fine stimulus is a sentinel signal by the US Federal Reserve itself, given to the Eastern producing nations who save in the $billions. They will start a caravan to exit the USDollar in their banking systems. They have great challenges in doing so, and must follow a prescribed path. That path is the Chinese RMB as an intermediary device, a transition tool. The goal is the return of the Gold Trade Standard, which will assure the return to the Gold Currency Standard and the Gold Banking Standard. The absent solution to the chronic global financial crisis has been the refusal to put Gold at the apex. Instead, the big banks have become zombies, the economies have become sclerotic, the financial structure have been control rooms, the bond platforms have been fracturing, while the USGovt has relied upon bond fraud, gold thefts, the printing press, and predatory wars to defend the King Dollar regime. It is due for the funeral pyre.

    read more.


August 10, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: QE Death Sentence & USTBond Black Hole

Jim Willie: Chinese Yuan to Replace Dollar as World Reserve Currency, Gold (Silver) Price Manipulation, Collapse …

  • Uploaded on Aug 3, 2015

    – RNB to replace U.S. dollar as the World Reserve Currency? ►8:14 
    – Why are precious metals falling when there is so much physical demand? ►14:23 
    – Manipulation in the gold and silver paper market ►20:18 
    – The amount of gold in GLD gold vaults is declining, but the price of gold is falling as well. Lower price should mean lower demand and more supply. Some people are suspecting that the bullion banks are looting the GLD. ►21:45 (Article link:
    – Are the copper or oil prices indicating we are headed for economic collapse? ►32:52 
    – Is the stock market irrelevant? ►36:40 
    – The bond market is broken ►42:23 

    – After the emergence of the “sheisse” Dollar, will the Federal reserve notes we have today be honored for a time or required to be turned in or devalued along with the new “sheisse” Dollar?►53:29 
    – When the U.S. dollar vanishes and is replaced, what will happen to the other currencies of the world? ►58:10 
    – As physical metal becomes more precious, and the US more desperate, will they flood the market with counterfeit coins? ►1:02:10 


August 8, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Chinese Yuan to Replace Dollar as World Reserve Currency, Gold (Silver) Price Manipulation, Collapse …

UK, US Turn Blind Eye to Islamic State Oil Sales

Click on image for article.

  • UK, US Turn Blind Eye to Islamic State Oil Sales
    Key allies in the US and UK led war on Islamic State (IS) are covertly financing the terrorist movement according to senior political sources in the region. US and British oil companies are heavily invested in the murky geopolitical triangle sustaining IS’ black market oil sales.

    The Kurdish Regional Government (KRG) in Iraq and Turkish military intelligence have supported secret IS oil smuggling operations and supplied arms to the terror group, according to Kurdish, Iraqi and Turkish officials.

    One British oil company in particular, Genel Energy, is contracted by the KRG to supply oil for a major Kurdish firm accused of facilitating IS oil sales to Turkey. The Kurdish firm has close ties to the Iraqi Kurdish government.

    Genel operates in the KRG with the backing of the British government, and is also linked to a British parliamentary group with longstanding connections to both the British and KRG oil industries.

    The relationship between British and Kurdish energy companies, and senior British politicians, raises questions about conflicts of interest – especially in the context of a “war on terror” that is supposed to be targeting, not financing, the Islamic State.

    Kurds, Turks and blind eyes
    One of IS’ most significant sources of revenue is oil smuggling. The Islamic State controls approximately 60% of Syria’s oil, and seven major oil-producing assets in Iraq.

    Using a carefully cultivated network of intermediaries and “middlemen” in the Kurdish region of Iraq, as well as in Turkey, IS has been able to produce a phenomenal 45,000 barrels of oil a day, raking in as much as $3 million a day in cash by selling the oil at well below market prices.

    read more.


August 4, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on UK, US Turn Blind Eye to Islamic State Oil Sales


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