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Socio-Economics & History Commentary

Dr. Jim Willie: King Dollar Dethroned by Emperor Yuan; US Abandoned by Allies!

  • Published on Mar 28, 2015
    03-27-2015 / Timely update by Dr. Jim Willie on fast moving events around the Globe.

    * development of Chinese led financial platforms outside the USDollar sphere as traditional US allies rush to join AIIB
    * objection to US-led trade treaties in Asia and Europe are widely disliked
    * Ukraine War and Russian confrontation and its blowback
    * breaking Europe & Russian marriage is a big motive and is actually strengthening Euro-Russian ties not isolating Russia
    * laying out farmland seeds with Monsanto for European food supply
    * Wreckage of Gold mining sector signals major increase in gold demand and price
    * Marginal Oil patch sector screaming for bailouts and more destruction of the Economy
    * Germany’s move to the Eastern Russian – Chinese camp almost complete. Rest of Europe to follow

    Dr. Jim’s website:


March 30, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Most Americans Will Miss The Start Of WW 3!

WW3 is near?

WW3 is near?

  • Most Americans Will Miss The Start Of World War Three! 
    The start of what could be a major military conflict in the Middle East began yesterday when Saudi Arabia began bombing Yemen last night. But if you get your news from or CNN or Fox, the only big news to which you would be exposed is the German commercial airliner crash, which occurred nearly three days ago.

    Just for grins – in order to see what kind of pig vomit the major cable news networks are feeding to the masses who even make an attempt to stay current on news that doesn’t relate to the Kardashians or The Voice, I like to surf between Fox News and CNN in the morning. I can say with conviction that had I not known about the Saudi/Yemen war escalation through the althernative internet-based media, I might think that the only real world event this weeks has been the 3-day old plane crash.  The front page of this morning does not have one reference to the Saudi bombing.

    However, aside from the ongoing global economic collapse, the developing military conflict in the Middle East has the potential to profoundly affect life in this country as we know it. The plane crash? Bad for the people who died and their families – a non-event for the cable news tv junkies.

    But the Mid-East situation, at the root, is the escalation of an ongoing political and economic conflict between the Saudis and Iran. The Saudis are the driving force behind the U.S. insistence that Iran give up its nuclear program (and yet, there’s Israel sitting in the middle of it with enough nuclear firepower to incinerate the globe). I’m sure less than 1% of the U.S. population realizes this, but Yemen is now to a agree controlled by Iran (link).

    We know that the U.S. and Saudi Arabia in bed together.   But guess who is implicitly allied with Iran?   Russia and China both have strong economic ties with Iran and it is my belief that is why the U.S. has been backing down from it’s original stance regarding Iran’s nuclear program.

    But if Iran and Saudi engage in a war by proxy with Yemen as the battle ground, it could well draw in a military engagement between Russia/China and the U.S.  In fact, the Nobel Peace Prize-toting Obama has already authorized military support for Saudi Arabia – LINK.   I would not be surprised, just as happened in Syria, if Putin flexes his muscles at some point if this situation escalates further in support of Iran.

    The U.S. is inciting chaos and military activity all over the globe now.   It is highly reminiscent of the period of time leading up to the collapse of Rome…but hey, someone has to profit from war.  The American defense companies are smiling all the way to the bank.  And the big multi-national oil companies are jumping with joy as oil is now $8 above it’s recent lows, having gapped up about $5 in the last 2 days in response to the Saudi/Yemen developments…(Q:  “how can you shoot women and children?”  A: Easy, ya just don’t lead ‘em so much…AIN’T WAR HELL? )

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March 27, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Saudi Arabia Imposes Naval Blockade On Red Sea Strait, Deploys 150,000 Troops As Iran Condemns Military Action!


  • Saudi Arabia Imposes Naval Blockade On Red Sea Strait, Deploys 150,000 Troops As Iran Condemns Military Action! 
    by Tyler Durden,
    As noted earlier, the biggest significance of any Yemen conflict has little to do with its own domestic oil production, which at 133,000 bpd is negligible, but due to its location, which not only shares a border with Saudi Arabia, but more importantly due to the Bab el-Mandeb strait which connects the Red Sea with the Gulf of Aden: it is the fourth-biggest shipping chokepoint in the world by volume (3.8 million barrels a day of oil and petroleum products flowed through it in 2013) and is just 18 miles wide at its narrowest point. It’s located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea.

    And since to Saudi Arabia preserving the logistics of oil supply is critical, it is hardly surprising that as Egypt’s Ahram Gate reported earlier, the Saudi-led Firmness Storm coalition imposed a naval blockade on Bab El-Mandab strait earlier today. The Saudi navy’s western fleet has also secured Yemen’s main ports including Aden and Midi.

    read more!
Map from Al Arabiya.

Map from Al Arabiya.


March 26, 2015 Posted by | GeoPolitics | , , , , , , , , , , | 1 Comment

David Stockman: The End is Near! The Fed Has Left Us With The Highest Leveraged Debt Ratio In History!

  • David Stockman: The End is Near! The Fed Has Left Us With The Highest Leveraged Debt Ratio In History! 
    by SGT, SGT
    There is a sea change in the monetary world occurring at this very moment. The world’s reserve currency, the Dollar, is now in its twilight years (or months) as China, Russia and even US allies make dramatic moves away from the world’s Petro-dollar based system – and toward Asia.

    David Stockman who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.

    We suggest you share this information with anyone and everyone about whom you care.

    read more!


March 25, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Vladimir Putin Proposes “Eurasian” Currency Union!

  • Published on Mar 20, 2015
    As Telegraph reports, Putin made his proposal at a meeting with the Belarussian and Kazakh presidents which highlighted the challenges facing the Russian-led Eurasian Economic Union following the fall in global oil prices and the decline of the Russian rouble.

    “The time has come to start thinking about forming a currency union,” Mr Putin said after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.

    Not surprising, considering both Belarus and Kazakhstan have spent a lot of time in the past year alternatively devaluing, and scrambling to prop up their currency.…


March 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , | 1 Comment

The Titanic Sinks At Dawn!

Global financial system Titanic hits iceberg!

Global financial system Titanic hits iceberg!

  • The Titanic Sinks At Dawn! 
    by , 
    What Titanic?  The RMS Titanic, or any of the following:

    * A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown.  It could happen again since there is now more debt, leverage, and risk than in 2008.

    * A titanic accumulation of debt – global debt is approximately $200 Trillion. Global population is about 7,000,000,000 so there is about $28,000 in debt per living human being.  If global debt were backed by all the gold mined in the history of the world, an ounce of gold would back $36,000 in debt.  Gold currently sells for less than $1,200.  Gold is undervalued and there is an excess of debt.

    * A titanic increase in debt in the past decade. Official US debt increased by over $10,000,000,000,000 in the past ten years.  What did the US gain from the increase of $10 Trillion in debt?  Are debt accumulation and expense policies materially different in Europe or Japan?  Was the debt used to create productive assets or was it just flushed down the toilet into non-productive expenditures?  THE BENEFIT IS GONE, BUT THE DEBT REMAINS.  This debt accumulation policy is neither good business nor sustainable.

    * A titanic bond bubble. Since interest rates are currently at multi-generational lows, or 700 year lows in Europe, or perhaps all-time lows, that strongly suggests a bubble in bonds.  Would you buy a bond from an insolvent government knowing the government will pay you next to nothing in interest over the next ten years?  Further, the government is guaranteeing a devalued currency so any dollars, euros, or yen you eventually receive will be worth much less in purchasing power than today.

    * A titanic currency bubble in the US dollar, which just hit a 12 year high after a parabolic rise since May last year. Experience with parabolic rises suggests extreme caution.

    * A titanic collapse in the crude oil market. Supply is strong, demand is weak, and prices have fallen to about $45 from about $105 last June.  The last time crude oil prices fell was from July to October 2008, a most difficult time.

    The titanic creation of paper assets such as bonds, currencies, and stocks has created substantial risk.  That risk has spilled over into the crude oil, gold and silver markets since they are strongly influenced by the paper derivative markets – paper contracts for crude oil, paper gold, and paper silver.  Leverage and derivatives magnify risk.  The instability will eventually create a second version of the 2008 recession/depression.

    read more!


March 20, 2015 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

How Low, Will It Go? Crude Oil Continues to Fall, Now Below $43 a Barrel !

March 19, 2015 Posted by | Economics | , , | 1 Comment

Architects of Iraq War ADMIT It Was Illegal !

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  • Architects of Iraq War ADMIT It Was Illegal! 
    by WashingtonsBlog 
    “International Law … Would Have Required Us to Leave Saddam Hussein Alone”

    The chief American prosecutor for the Nuremberg war crime trials – Robert H. Jackson – stated:

    To initiate a war of aggression, therefore, is not only an international crime; it is the supreme international crime differing only from other war crimes in that it contains within itself the accumulated evil of the whole.

    Forget third-hand allegations … the architects of the Iraq war admit that they initiated a war of aggression, not a war to defend America from imminent attack.

    Influential Pentagon hawk Richard Perle conceded in 2003 that the invasion of Iraq had been illegal:

    International law … would have required us to leave Saddam Hussein alone“, and this would have been morally unacceptable.

    Indeed, U.S. government officials have admitted that everyone knew that Iraq didn’t have weapons of mass destruction. A top Bush administration adviser –  Philip Zelikow said that the Iraq war was launched to protect Israel. And the following Bush officials admitted that the Iraq war was launched for oil:

    * George W. Bush
    * Key war architect – and Under Secretary of State – John Bolton
    * Former Bush speechwriter David Frum (referring to Dick Cheney)
    * A high-level National Security Council officer
    * 4 Star General John Abizaid, the former commander of CENTCOM, with responsibility for Iraq
    * Many others

    Of course, this is “old news” (#15) … except that the U.S. did the same thing in Libya, and is now doing the same thing in Ukraine, Syria and elsewhere.

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March 19, 2015 Posted by | GeoPolitics, History | , , , , , , , , , , , , , , | 1 Comment

US Army to Conduct Massive Joint Drill with Arab Allies in Persian Gulf!

  • Published on Mar 16, 2015
    The American Central Command has said in a statement that the drill code-named ‘Exercise Eagle Resolve’ kicked off on March 8 and will last until the end of this month. About three-thousand American troops have been joined by forces from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The drill consists of a weeklong series of simulated exercises to increase the participants’ ability to respond as a multinational headquarters staff. ‘Eagle Resolve’ was first held in the United States back in 1999.



March 17, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , | 1 Comment

The U.S. Dollar Is Going Parabolic – Something Somewhere Is Collapsing!


  • Financial derivatives contracts are priced mainly in US dollars. As the derivatives contracts are triggered, demand for US dollars will increase to settle these contracts. This will cause the US dollar to rise in value compared to other currencies. This is what we are seeing now in the US Dollar Index Chart above.
  • The U.S. Dollar Is Going Parabolic – Something Somewhere Is Collapsing! 
    Marketvane’s Bullish Consensus for the $US hit 90% yesterday.  At the beginning of March it was 83%.  Market bullish sentiment toward the dollar has not been this bullish since the turn of the millenium.  It is a very strong contrarian signal…

    The US Dollar index is going parabolic.  More often than not, markets that go parabolic will crash.  This is what happened with the dollar in 2008 (click to enlarge): (top of post)

    The common “narrative” out there is that the dollar squeeze is being fueled by European sovereign and corporate entities scrambling for dollars in order to pay dollar-denominated debt obligations. Yes, this is part of the equation. But, just like in 2008, it is a sympton of a castrophic underlying systemic problem. After all, the Fed has created close to $4 trillion in new dollars, $2.6 trillion of which are sitting in the excess reserve account of the big banks at the Fed earning interest. That’s $2.6 trillion in excess dollars that can used to fund any excess demand for dollars.

    There’s also a repo collateral short squeeze plus a vicious Treasury short-squeeze going on, especially in the middle of the curve, where the Fed has removed most of the supply. But again, these are all “symptoms” of an underlying problem. Let’s not forget that the price of oil, along with many other key economic indicators are collapsing right now.

    I believe that the collapse in the energy sector has triggered a silent derivatives counterparty bomb that we can’t see because of the intentional opacity of the OTC derivatives market. But you don’t have a 50% collapse in a key economic commodity like oil – a commodity which has $100’s of billions in OTC derivatives securities wrapped around it – without some kind of counterparty default tsunami that has been triggered. Throw on top of that the Greece situation and you have a recipe for a derivatives financial nuclear meltdown.

    Wall Street has been stunningly silent about the meltdown in the energy sector. There has not been one utterance about any derivatives connected to the situation. But we’ve seen at least two big energy junk bond issuers blow up. One of them did not even make the first interest payment on its debt. Without question there were OTC credit default swaps connected to this debt.

    The parabolic dollar “short squeeze” storyline is what they want you see. I would suggest that something much bigger and catastrophic unfolding behind that curtain…
Global financial tsunami coming??!

Global financial tsunami coming??!


March 13, 2015 Posted by | Economics | , , , , , , , , | 1 Comment

U.S. Invasion Of Venezuela Predicted ! Obama Signs Executive Order Declaring Venezuela a National Security Threat!

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March 12, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , | 1 Comment

Jim Willie: Interest Rates Will Never Rise!

  • Published on Mar 6, 2015
    Jason Burack of Wall St for Main St had on returning guest, editor of the Hat Trick Letter, Jim Willie.

    During this hour+ long discussion, Jason asks Jim about why would the US declare economic war against Russia and Putin. In other words, why would the US poke the bear?

    Jim points to the petro dollar and says how the French Total CEO was assassinated on Russian soil and it was made to look like Putin did it. Jason then asks Jim about financial repression in the US, UK, Japan and the EU and how long these developed countries’ central banks can keep interest rates down and drop them and the yield curve further?

    Jim says as long as this debt based fiat currency system continues with QE, etc interest rates will NEVER rise again until everything blows up and collapses.

    Jason and Jim discuss losing personal freedoms in the US, gold inflation vs deflation and if the European Union will break up in this in depth interview.


March 7, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Interest Rates Will Never Rise!

Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years!

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years! 
    A final End Game has begun.  The current stage is the global rejection of the USDollar, the once respected revered and resilient currency which has in recent years fallen on its own Third World sword. QE is a Third World monetary policy, plainly stated. What remains is the loss of the most prestigious of the nation’s calling card, the USD as global reserve currency.

    The reaction of global USDollar rejection in response to Quantitative Easing, otherwise known as hyper monetary inflation, will go down in US history, even world history, as the greatest self-inflicted gunshot wound the head and chest in two thousand years.

    by Jim WillieGolden 

    It is very difficult to find a foreign policy deployed by the United States Govt that has been successful in recent years. In fact, almost all aggressive foreign policy initiatives have resulted in profound losses either in financial strategic position or in alliances with previous staid allied nations. They have almost uniformly backfired, while bravado has mixed with stupidity, while arrogance has blended with futility.

    The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins. Foreign nations will find refuge by banning the USDollar in trade settlement and banking reserve systems.

    read more!


March 5, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Complete Breakdown Of All Economic Activity!

  • Complete Breakdown Of All Economic Activity! 
    The Baltic Dry Index hit a new all-time low yesterday of 522.  It was over 2200 as recently as late 2013.  The stunning collapse in this index is similar to the stunning collapse in the price of oil since July 2014.  Not one single Wall St. analyst was forecasting a decline for oil. Similarly, many of the indices of many of the reports which measure economic activity in this country are beginning to drop sharply, with several back to their levels of 2008/2009.  

    Retail sales fell nearly 1% two months in a row, including in December which should be the best growth month of the year for retail sales.  Today the Empire State  Manufacturing Survey (from the NY Fed) declined  and missed consensus estimates.  The new orders sub-index dropped close zero and the future business expectations index collapsed from 48 to 25.

    Folks, our economy is getting ready to fall off a cliff again.  My colleague Rory Hall (The Daily Coin) and I did a brief “Web of Deception” episode discussing theses issues plus a brief update on Greece: (video top of post)


February 24, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | 1 Comment

The New Elite for 2015 – New DVD From Pastor Lindsey Williams!

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February 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The New Elite for 2015 – New DVD From Pastor Lindsey Williams!


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