Socio-Economics History Blog

Socio-Economics & History Commentary

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 
    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.”

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May 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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,  
    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.


May 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

There is Austerity for People But Not for Europe’s Economic, Political Elite!

  • Published on Mar 18, 2015
    Protesters in Frankfurt gathered to sabotage the opening of the European Central Bank’s new €1.3 billion campus. For many Europeans, the huge luxury offices built in the midst of an economic recession represent everything that is wrong with the institution. RT talks to Costas Panayotakis, an author and professor of sociology at the New York City College of Technology.


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

Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”!

  • When markets start collapsing: stock market crash, housing market crash …. ie. deflation, the financial/banking system will start to crumble. Banks need inflation for a healthy balance sheet. When deflation sets in, economic activity collapses, loan portfolios contract, bad loans rise … bankruptcies rise .. bank collaterals suffer losses … . The solution to deflation is inflation. Central banksters will implement asset repricing via more money printing, negative interest rates … or a revaluation of the gold price. That is when hyperinflation will start.
  • Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”! 
    by Mac Slavo,, February 19th, 2015 
    It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams  it’s coming one way or the other.

    The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.

    Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.

    This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.

    read more!


February 21, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

The Lesson of Greece: Only Collapse Makes Real Change Possible!

Photograph: Petros Giannakouris/AP

Photograph: Petros Giannakouris/AP

  • The Lesson of Greece: Only Collapse Makes Real Change Possible! 
    by Charles Hugh Smith,
    When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse.

    Of the many lessons we can learn from Greece’s difficult path to rejection of debt-serfdom, the most important is perhaps the most obvious: no real change is possible until the Status Quo can no longer fulfill its promises, i.e. it effectively collapses.

    The collapse of the Status Quo has two distinct features: the process is highly variable, and the process affects the social classes in different ways.

    The process of collapse is neither sudden nor smooth. Things do not necessarily cease to function overnight; rather, the decline to effective collapse operates much like energy states in physics: systems decay and then drop to a lower energy level, where they are stable until further decay causes the next drop to an even lower level.

    Pension payments provide a ready example. The pension payment is reduced, and the recipient tightens his/her belt and gets by. The next reduction (either outright or via inflation) forces drastic changes in consumption, and subsequent reductions reduce the pension to a supplement that cannot possibly support a retiree, much less their family.

    The pension is still issued, but the promise of a pension that could support a household at a modest level of consumption has collapsed. Though the system for issuing pensions still exists, it no longer fulfills the original purpose.

    In this sense, the collapsed pension system becomes much like the phantom legions of the late Roman Empire: the paymasters and officers still received the legion’s pay, but there were no real soldiers; the legion was a bookkeeping entry in a skimming operation, not a fighting unit.

    The financial Aristocracy (i.e. the kleptocracy) in Greece avoided much of the pain of debt-serfdom. What’s the point of running things if you can’t distribute the pain to others? I addressed this is Greece at the Crossroads: the Oligarchs Blew It (January 27, 2015).

    The powerless classes were stripmined first. Bamboozled into voting for the Kleptocracy in previous elections, the powerless lower classes felt the brunt of austerity for the simple reason the kleptocracy knew there would be no blowback, as long as a few shreds of swag were being distributed.

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February 6, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | 1 Comment

Bill Holter: Gold is Gone, Total Chaos Coming!

  • Bill Holter: Gold is Gone, Total Chaos Coming! 
    by Greg Hunter’s 
    Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world.  Holter contends, “It doesn’t really matter where it starts.  It will probably be global within less than 48 hours.  The reality is it will go all the way around the world within two days because party “A” will not pay party “B” who doesn’t pay party “C” and on and on we will go.  The payment chain will break. . . .  I’d like to get back to the point of true and real settlement. If nations don’t settle honestly amongst each other, that is how your trade wars start.  That’s how one neighbor believes another neighbor is ripping them off.  This is how wars start, and that is what this is about:  the rest of the world wanting to trade and wanting to do business mutually and evenly and getting paid for trade.  In the past with the dollar, the U.S. has gone into many places; and after the deal was unfair, they paid with dollars, which is an un-backed freely printed currency. That’s what the world is upset about.  That’s what this tipping of the balance is about.”

    Holter goes on to point out, “Greece has got to be hidden.  The fact that they are broke cannot come out.  If Italy or Spain or anyone else were to default, that would be calling a spade a spade.  Once the daisy chain breaks, it will lead all the way to the West, and it will lead to London and it will lead to New York.  It will lead to the fact that the gold is gone.  That’s the great fault.  That is the fault at the core of all of this.  That’s why they are kicking the can and kicking the can because it can never be discovered that the gold is gone.  Once that is discovered, it’s over.”

    read more!

City-chaos-collapse-fire_burning war


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

Ultra Wealthy Making Survival Plans for Peasant Revolt! – Leading Economist!

  • Published on Jan 28, 2015
    The mega-rich are preparing for a peasant revolt, buying secluded estates and arranging escape plans if the poor rise up against the wealthy, Robert Johnson, president of the Institute for New Economic Thinking told RT. Founded in the wake of the 2008 financial crisis, the think tank associated with leading universities such as Oxford and Duke tracks the level of economic inequality in the world, which has skyrocketed during the so-called ‘recovery.’ RT’s Ameera David has more.

City-chaos-collapse-fire_burning war


January 29, 2015 Posted by | Economics, Social Trends | , , , , , , , , , | 1 Comment

Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown!

Global meltdown coming! The world economy TITANIC is about to hit an iceberg!

Global meltdown coming! The world economy TITANIC is about to hit an iceberg!

  • Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown! 
    by , 
    When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world.In less than six months, Russians have lost half their wealth as the result of a fast moving collapse of their economy. So far this year, the Russian ruble has dropped nearly 50 percent against the U.S. dollar.

    In recent days that collapse has accelerated at rate that has caused many to pull their money out of Russian banks, signaling a possible run on the banks. The trouble is only being exacerbated by a global drop in oil prices, which is hitting Russia especially hard because as much as half of the governments revenue comes from oil and gas exports.

    Could this Chaos Signal the beginning of a Global Meltdown
    It’s no secret that our interconnected world has linked all of our economies together. When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world. Add in the fact that the U.S. economy is probably in even worse shape than Russia, we’re just a little better at keeping our Ponzi scheme running, and we have the perfect recipe for disaster.Yesterday we highlighted some of this country’s most recent economic numbers, as reported by the Census Bureau. What we found was more than a little bit troubling.

    * According to the latest census numbers, one in five U.S. millennials – adults 18 to 34 years old – now live in poverty.
    * Almost two-thirds (65 percent) of children in the U.S. now live in a home that receives assistance from at least one government welfare program.
    * Although the government claims a 6.1% unemployment rate, a record 92,447,000 in the United States are not working. If you look at the actual number of people without jobs, it’s not hard to realize the government unemployment numbers are a complete sham.
    * We are now over 18 Trillion dollars in debt – a number that doesn’t even account for the $222 trillion in unfunded liabilities this government owes.

    read more!


December 20, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , | Comments Off on Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown!

DHS And FBI Issue A New Alert, Threats From Terrorist Could Be On The Rise!

  • Published on Dec 10, 2014
    Get economic collapse news throughout the day visit

    More news visit
    Report date: 12.10.2014

    The American recovery does not exist. 40% of American live paycheck to paycheck. Real estate delinquencies rise in certain states. Baltic Dry Index falls again. US Treasury ordering survival kits for bankers. Spending to house illegals reaches 200 million dollars. DHS and FBI issue a new terror alert. Founding Fathers opposed torture. US Senate approves sanction on individuals in Venezuela. Ukraine needs 15 billion dollars to keep from collapsing. Kerry asks Congress to allow The President to put boots on the ground. Syrian opposition fighters will be trained in March 2015.

Click on image for article!


December 12, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on DHS And FBI Issue A New Alert, Threats From Terrorist Could Be On The Rise!

Look How Bad They Want You on Food Stamps!

  • Published on Dec 3, 2014
    (Warning…RANT AHEAD…) See also “Five Facts About the Crony Interest in Food Stamps” now up on our website to go along with this video:…

    Wow, we didn’t realize we can call up our very own food stamp outreach coordinator to help us not only find out if we qualify for food stamps, but help us fill out the application AND help us again when it’s time to reapply for more food stamps, too! Why, they’ll just about do everything but buy the groceries and deliver them to our house for us!

    But wait a minute! With a record number of Americans on food stamps (it’s what, 47 million people now and counting?), why are they advertising and pushing food stamps so hard and making it so easy to get them and making sure as many people as possible do?

    HM… (Yes. That would be the sarcastic “hm” of people who ask a rhetorical question they obviously already know the answer to.) What in the hell is this??? (You know, besides yet another blazing neon eyeball-melting signal of the decline of America.)

  • Control food and you control people. Won’t be long now: if you don’t take the RFID ‘666’ microchip, you will not get your foodstamps! But if you take the RFID ‘666’ microchip, the GMan will give you the foodstamps and maybe even increase your allowance! And, of course, you will be very obedient slaves to the Luciferian New World Order or you will lose your benefits!



December 5, 2014 Posted by | Economics, Social Trends | , , , , , , , , , | Comments Off on Look How Bad They Want You on Food Stamps!

Former Police Commissioner Faces Arrest For Feeding The Homeless!

  • Published on Nov 20, 2014
    David Knight and Paul Joseph Watson talk with Arnold Abbott about his continuing battle with the state of Florida regarding him trying to help feed the homeless.…


November 21, 2014 Posted by | GeoPolitics, Social Trends | , , , , , | Comments Off on Former Police Commissioner Faces Arrest For Feeding The Homeless!

Keiser Report: Precious Metals Manipulation And the Costs of the Never-Ending Banking Fraud !

  • Published on Nov 18, 2014
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss precious metals manipulation in Switzerland and the costs of the never-ending banking fraud – from the ‘suffering and life long risks’ to children in Europe and beyond to the rising cost of food hitting lower income consumers. In the second half Max interviews Alasdair Macleod about gold, China, QE and the economy.


November 20, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Comments Off on Keiser Report: Precious Metals Manipulation And the Costs of the Never-Ending Banking Fraud !

90 Year Old Arrested for Feeding US Homeless Faces 2 Months Jail !

  • Published on Nov 6, 2014
    A 90-year-old war veteran says he will continue breaking the law by feeding homeless in public places in the city of Fort Lauderdale, Florida. He was arrested earlier for defying a city ordinance that restricts such charity to protect local businesses.

  • 90-Year-Old Florida Man Faces Jail Time, $500 Fine For Feeding Homeless! 
    by Eleanor Goldberg, 
    A Florida city was quick to show how serious it is about its new homeless feeding ban by making an example out of a 90-year-old advocate who’s been helping the hungry for two decades.

    Despite heated protests, Fort Lauderdale passed an ordinance early on Oct. 22, restricting charitable groups from doling out meals to homeless people in public, the Sun Sentinel reported. The city wasted no time implementing the law. On Sunday police cited two Christian ministers and volunteer Arnold Abbot, 90, who runs the advocacy group, Love The Neighbor, Local 10 News reported.

    The three served less than a handful of the 300 meals they prepared before the police run in, according to the Sentinel.

    They each now face 60 days in jail and $500 fines.

    “These are the poorest of the poor, they have nothing, they don’t have a roof over their heads,” Abbott, who plans on suing the city, told Local 10 News. “How do you turn them away?”

    The new rules, billed as “public health and safety measures,” limit outdoor feeding programs to one per city block and must be set up at least 500 feet away from residential properties. Organizers are also required to bring portable toilets for workers, according to the Sentinel.

    read more!


November 7, 2014 Posted by | GeoPolitics, Social Trends | , , , , , , , | Comments Off on 90 Year Old Arrested for Feeding US Homeless Faces 2 Months Jail !

Video: Police Cite, Threaten Arrest of 90-Year-Old Volunteer For Feeding the Homeless!

  • Soon you will not be allowed to feed all those people who refused to be microchipped with ‘666’ and thus cannot buy/sell or pay their bills! The forcibly evicted, homeless, hungry, dis-possessed ….
  • Video: Police Cite, Threaten Arrest of 90-Year-Old Volunteer For Feeding the Homeless! 
    by Paul Joseph Watson, 
    Fort Lauderdale bans the sharing of food, prompting outrage
    Police in Fort Lauderdale, Florida cited and threatened to arrest a 90-year-old man along with other volunteers for violating a new law that makes the sharing of food a criminal offense.

    Video footage shows uniformed officers apprehending Arnold Abbott, who heads the group Love Thy Neighbor, as he and other volunteers handed out food to the homeless in Stranahan Park on Sunday. “Drop that plate right now,” barks the cop before he leads Abbott away, where he is subsequently issued with a summons for a court date.

    Abbott, along with Rev. Canon Mark Sims of St. Mary Magdalene Episcopal Church and Rev. Dwayne Black of the Sanctuary Church, face up to 60 days in jail for violating a controversial new city ordinance that bans the sharing of food, a law the city claims is necessary to to crack down on the area’s growing downtown homeless population.

    Four police cars and six uniformed cops showed up at the weekly food sharing event to threaten Abbott and other volunteers with arrest if they continued dishing out food. The 90-year-old has been feeding the homeless for 23 years.

    “We are simply trying to feed people who are hungry,” Sims told the Sun-Sentinel. “To criminalize that is contrary to everything that I stand for as a priest and as a person of faith.”

    read more!



November 4, 2014 Posted by | EndTimes, Social Trends | , , , , , , , | Comments Off on Video: Police Cite, Threaten Arrest of 90-Year-Old Volunteer For Feeding the Homeless!

No Ebola Quarantine, Greenspan Says Buy Gold, Obama Care Update!

  • No Ebola Quarantine, Greenspan says Buy Gold, Obama Care Update! 
    by Greg Hunter’s 
    The Ebola circus continues, and the Obama Administration officials look like clowns.  Let’s just take a look at a few of the headlines.  “Health System Not Prepared for Ebola” is a headline from the AP, and that is in stark contrast to what we have been told.  “Small clusters could overwhelm the system” is what the article says.  So, this begs the question of why no quarantine?  Some governors in places like New Jersey, New York and Illinois think quarantine is the way to go.  It is scientific technique on how to contain infectious disease, but that is not what the Obama Administration thinks.  Some in the MSM think the same thing.  This opinion piece says the decision by these governors is “hasty” and “adds to the Ebola problem.”  Really?  Well, that is not what the Pentagon thinks because it is “isolating troops back from Africa for 21 days.”  Some of the talking points are downright bogus.   They say things like we should treat these returning health care workers like “conquering heroes.”  Who is going to think these folks are “heroes” if they come back and infect people?  Africa’s best chance of beating this is if America stays strong and uninfected.  If America is consumed by Ebola, or even the fear of Ebola, West Africa hasn’t got a chance.

    The Federal Reserve supposedly ended its QE program this week.  That is where they printed money to buy bonds to hold interest rates down.  So, what’s going to hold interest rates down now?  Are they just going to put all this Federal debt out for bids and let the market set the interest rates?  Can the Federal government, home buyers, car buyers, credit card holders and the overall economy afford higher rates?  You’ve got to be kidding.  Gregory Mannarino of says the Fed can’t just say it wants low interest rates.  It has to do something to keep them low.  Mannarino thinks the Fed is now going to force the big banks that got all this QE to buy Treasury and other government debt.  Mannarino told me that he thinks the Fed is going to continue to print money to finance another form of QE.  He says the money printing has not ended and will never end.  The Fed is just going to call it something else.  The Fed also says the economy and employment have improved, and the third quarter had a 3.5% growth rate.  John Williams of says the 3.5% growth rate is “Happy election eve numbers” and says it was boosted by “guessed at trade numbers and defense spending.”  Williams says look for a downside revision.  If the economy was really that good, would we have nearly 93 million people not in the workforce?  There are 46 million people on food stamps, and half of Americans make less than $28,000 a year.  Would mortgage applications be hitting 19 year lows?  Would former Fed Head Alan Greenspan be warning about “turmoil” in the economy because of ending QE?  Oh, and “Maestro” Greenspan is also telling people to buy gold?  Let that sink in, Greenspan is telling people to buy gold!!

    read more!


November 1, 2014 Posted by | Economics, GeoPolitics, Medicine & Health | , , , , , , , , , , , , , , , , , , , | Comments Off on No Ebola Quarantine, Greenspan Says Buy Gold, Obama Care Update!


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