Socio-Economics History Blog

Socio-Economics & History Commentary

During The Economic Reset People Are Going To Feel The Pain Of A Collapsing Economy: Andrew Hoffman

December 1, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Next Crash Is Going To Be Devastating And People Will Lose Their Pensions: Mike Maloney

October 20, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

“Things Are Worse” – Dollar Stores’ Startling Admission: Half Of US Consumers Are In Dire Straits

US_Economic_Collapse

  • “Things Are Worse” – Dollar Stores’ Startling Admission: Half Of US Consumers Are In Dire Straits
    by Tyler Durden, http://www.zerohedge.com  
    If there was any confusion about how the lower half of the US consumer class is doing these days, it was quickly lifted following today’s distressing earnings calls of dollar store titans, Dollar General and Dollar Tree. 

    Discount retailer Dollar General said it was cutting prices on its most popular items such as bread, eggs and milk, intensifying a price war among already commoditized products with retail giant Wal-Mart Stores to win back falling market share. It shares fell the most on record, plunging by 18% after the company missed on revenue, blaming aggressive competition, lower food prices and reduction in SNAP, or food stamp, coverage in 20 key states.

    It’s larger ultra-discount rival Dollar Tree Inc also reported lower-than-expected sales, sending its shares down 10%, the biggest dollar drop decline since going public in 1995.

    read more.

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August 26, 2016 Posted by | Economics | , , , , , | Comments Off on “Things Are Worse” – Dollar Stores’ Startling Admission: Half Of US Consumers Are In Dire Straits

IMF Admits Disastrous Love Affair With The Euro And Apologises for The Immolation of Greece

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  • The International Mafia Federation feigning sorrow over its deliberate actions to destroy Greece. The snakes pretending to be remorseful for their deliberate incompetence in economics. Something they are supposed to be the experts in.
  • IMF Admits Disastrous Love Affair with the Euro And Apologises for The Immolation of Greece
    by The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. 

    This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions. 

    It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation. 

    The report by the IMF’s Independent Evaluation Office (IEO) goes above the head of the managing director, Christine Lagarde. It answers solely to the board of executive directors, and those from Asia and Latin America are clearly incensed at the way European Union insiders used the fund to rescue their own rich currency union and banking system.

    The three main bailouts for Greece, Portugal and Ireland were unprecedented in scale and character. The trio were each allowed to borrow over 2,000pc of their allocated quota – more than three times the normal limit – and accounted for 80pc of all lending by the fund between 2011 and 2014.

    read more.

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Gerald Celente: International Mafia Federation!

Gerald Celente: International Mafia Federation!

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August 1, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off on IMF Admits Disastrous Love Affair With The Euro And Apologises for The Immolation of Greece

Bill Holter: It’s Over! Global Economic, Currency & Financial Collapse

July 11, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Bill Holter: It’s Over! Global Economic, Currency & Financial Collapse

Bo Polny: Crash of All Crashes Coming! Poverty, Hunger, Joblessness, Anger And Then War

  • Bo Polny: Crash of All Crashes Coming! Poverty, Hunger, Joblessness, Anger And Then War
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Market cycle analyst Bo Polny says the vote by the UK (Brexit) to leave the European Union is a big turning point. Polny says, “Brexit is England and part of the cycle and I believe looks to be the actual trigger that is going to take gold higher and the trigger that is going to cause the world equity markets to collapse.  It looks like it started, but we will have a little bit of time yet before things get extremely crazy.  We are not going to get out of June before all heck breaks loose.”


    Polny also is predicting the Dow will eventually grind down to around the 5,000 level. Polny explains, “Basically, after the Dow hits that 5,000 or 6,000 point, it never recovers. This is the crash of all crashes. This is the one where there is no recovery.”

    On gold and silver prices, Polny says, “We have a gold bull market and a collapsing of the world equity markets. . . . If you are not positioned before the end of this month, June is the zero hour we are days away. If you are not positioned, it’s going to be very painful.  Also, good luck getting some gold and silver when this happens because the moves will be so dramatic.  I am foreseeing new all-time highs for silver and gold very shortly.  That means silver is going over $50 per ounce.  Gold is going over $2,000 per ounce in the near term.  These prices now are obnoxiously low.  For the last six months, you’ve had a chance to buy gold between $1,050 and $1,250.  That’s a $200 move.  In the future, you are going to get $200 a day move in the price and maybe more.  If you haven’t accumulated, you are almost out of time.”

    Polny predicts that people will catch what he calls “gold fever.” Polny explains, “The moment gold goes vertical, people are going to realize gold is money.  Well, yeah, but actually it is insurance against paper money.  When paper money fails, then your insurance policy pays out with money, gold money.  So, it’s just that simple. . . . Gold is only an asset and insurance policy if you are holding it.”

    read more.

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June 27, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food”

  • Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food” 
    by Tyler Durden, http://www.zerohedge.com 
    The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today…

    These are hungry Venezuelans protesting that their children are dying from lack of food and medicineand that they do not have enough water or electricity. As AgainstCronyCapitalism reports, this is a country with more oil than Saudi Arabia, and the government has stolen all th emoney and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them).

    On the other side, Vice President Aristobulo Isturiz, speaking on state television, said that a separate march will be held to support the extension of President Nicolas Maduro’s economic emergency decree.

    read more.
http://www.zerohedge.com/news/2016-01-22/what-death-nation-looks-venezuela-prepares-720-hyperinflation

Click on image for article.

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May 13, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food”

One Out Of Three Americans Cannot Afford Food Or Rent

  • Published on Mar 30, 2016
    Economic confidence continues to decline. Japanese industrial production is a complete disaster. ADP job number make no sense when compared to other indicators. IBM, Boeing and State Street are laying off thousands of people. One out of three Americans do not have enough money to pay for food or rent. US says if England leaves the Euro zone it will be catastrophic to the world economy.

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March 31, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off on One Out Of Three Americans Cannot Afford Food Or Rent

Welcome to the Recovery: 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps

https://www.rt.com/usa/331216-americans-food-stamps-restrictions/

Click on image for article.

  • Welcome to the Recovery – 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
    by Michael Krieger, http://libertyblitzkrieg.com/
    The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six years, it fails to actually pin blame on the undemocratic, oligarch institution most responsible for this humanitarian crisis: The Federal Reserve.

    Of course, I and many others have been saying this for years, but now more than half a decade into what is supposed to be a recovery, people are finally being forced to admit what this really is —  large scale theft.

    In fact, Ben Bernanke and his crew of upward wealth distributing academics have pulled off the greatest wealth heist in American history. In its wake we have been left with a hollowed out, asset striped Banana Republic. Thanks for playin’ Main Street. Or more accurately, thanks for being played.
    – From the post: The Oligarch Recovery – Study Shows Real Wages Have Plunged for Low Income Workers During the “Recovery”

    More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.” From Bloomberg:

    During the 2007-2009 recession, state and federal governments actively encouraged people like Crofoot to take advantage of the aid. Millions did, and many are still claiming benefits. Enrollment in the Supplemental Nutrition Assistance Program, the formal name for food stamps, remains near record levels, even as the unemployment rate has fallen by half.

    “When unemployment was rising people said enrollment would fall sharply when things got better,” said Parke Wilde, an associate professor of nutrition policy at Tufts University in Boston. “That hasn’t happened.”

    read more.

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February 6, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , | Comments Off on Welcome to the Recovery: 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps

62 World’s Richest People Own Same Wealth as Half the World – Report

  • Published on Jan 18, 2016
    The gap between rich and poor is widening according to the charity Oxfam, which reports that the 62 world’s richest people own the same as the poorest half of the planet’s population.

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January 19, 2016 Posted by | Economics | | Comments Off on 62 World’s Richest People Own Same Wealth as Half the World – Report

Peter Schiff: When The Economy Crashes Parts Of America Will Resemble A 3rd World Country

January 6, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Comments Off on Peter Schiff: When The Economy Crashes Parts Of America Will Resemble A 3rd World Country

All It Takes Is A Major Financial Event And The Entire Economy Collapses

  • Published on Sep 22, 2015
    Tspiras has won the elections and as of Jan 1, 2016 the Greek banks are eligible for bail-ins. Euro zone consumer confidence plummets. Groupon layoffs 1100 employees. Manufacturing declines to depression levels. Glencore prepares for a doomsday scenario in commodities. Duetsche bank might be the first bank to implode in Germany sending a tidal wave of financial destruction to the rest of the world. The S&P 500 earnings has had no growth for 7 years. The end game is approaching, the FED is running out of ammo. As the cost of Obamacare continually rises more people apply for food stamps.

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September 23, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off on All It Takes Is A Major Financial Event And The Entire Economy Collapses

‘Austerity Feeds Recession, Both are Creating a Vicious Circle’ – Greek Deputy Interior Minister

July 18, 2015 Posted by | Economics, Social Trends | , , , , , , , , , | Comments Off on ‘Austerity Feeds Recession, Both are Creating a Vicious Circle’ – Greek Deputy Interior Minister

Rob Kirby: Extreme Reduction in Standard of Living Guaranteed. China Gold Could Cause Tsunami of Dollars in US.

  • Rob Kirby: China Gold Could Cause Tsunami of Dollars in US
    by Greg Hunter’s USAWatchdog.com 
    Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton.  Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West.  Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit.  I think that time is fast approaching, if it is not here already.”  Kirby also says, “I think the implied message is we are going to show you how much we have, and then you are going to have to show us how much you have. . . . America, very likely doesn’t have, in my view, doesn’t have the gold they claim to have.  They also probably spent a lot of other people’s gold in safe keeping.”


    What would happen to the U.S. dollar if China revealed a vast holding of physical gold?  Kirby contends, “If this would destabilize the dollar enough . . . it could cause a sudden drop in the U.S. dollar, which could signal a tsunami of dollars coming back to America and could set off a very, very ugly, ugly bout of inflation, which could build into a hyperinflation in America.  This would bring social unrest in America.  This is the social unrest the U.S. military and the Pentagon have been saying is inevitable and is coming to America.  This is exactly the kind of backdrop you would expect to have before this would occur.”

    Kirby points out, “The problem is our global capital markets have become criminal cesspools.  Our global capital markets right now are crime scenes.  The regulatory regime installed by the leadership of America to prevent this all from happening has been vacant.  They are derelict, and they are part of the problem.  It starts with the repeal of the Glass Steagall Act back in the late 1990’s.  You got to look back to see the context of where this train left the tracks.  This is not a derailment.  The derailment occurred a long time ago.  Right now, the engine of the train is in the middle of a corn field, and it’s still moving.”

    read more.

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May 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Rob Kirby: Extreme Reduction in Standard of Living Guaranteed. China Gold Could Cause Tsunami of Dollars in US.

Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”

  • Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”
    by Mac Slavo, May 13th, 2015, SHTFplan.com  
    It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.

    The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?

    In the following interview with X22 Report Spotlight(top of post), well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.

    As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:

    The central banks… by us adopting a debt-based economic model, which demands that cash be borrowed from the future in greater and greater amounts to sustain what we have here, have created an alternative universe which would not exist. If we did not have access to all of these funds that we’re borrowing from the future and inflating this debt we would not have the lifestyle that we have now.

    It’s created a population boom… a population boom has risen in tandem with the debt. It’s incredible. 
    So, when the debt bubble bursts we’re going to get a correction in population. It’s a mathematical certainty.

    Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…


    read more.

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May 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”