Socio-Economics History Blog

Socio-Economics & History Commentary

Major Market Shift Coming in Gold & Silver Markets | Rick Rule

  • SilverDoctors Published on Oct 18, 2017
    President and CEO of Sprott U.S. Holdings tells Silver Doctors he expects a major in shift gold and silver markets… Gold and silver assets make up at most half a percent of total investable assets in the U.S. market. Rule sees this percentage increasing. Also, Rule says the more than thirty year bull market in 10-year Treasury bonds is coming to a close, while the precious metal bull market is just beginning. Rule has a positive outlook for the mining sector as well.

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October 19, 2017 Posted by | Economics | , , | Leave a comment

Breaking: China Moves To Kill The Petrodollar, Tells Saudi Arabia — China Will Pay For Oil In Yuan-Gold

  • The Alex Jones Channel Published on Oct 18, 2017
    China is making its move against America, not with military force but by trying to destroy the US economy.

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October 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Friday The Thirteenth Golden Jackass Jim Willie

https://ochelli.com/wp-content/uploads/2017/10/The-Ochelli-Effect-2017-10-13.mp3

Click on image for MP3 audio interview.

  • Friday The Thirteenth Golden Jackass
    by https://ochelli.com/
    The Ochelli Effect 10-13-2017 Jim Willie The man behind The “Hat Trick Newsletter” @  goldenjackass.com .Plus producer Tony Hurst has an unscripted conversation with Chuck in the second hour

    Hour 1 we break down money , Gold , Oil , and the U.S. Military Industrial Complex along with a few unusual subjects with the uniquely talented Jim Willie from GoldenJackass.com . Jim’s insights into finance ,  global trends , realities and the secret or not-so-secret  world of real deals is one of a kind and the Ochelli Effect is lucky to have Jim appear on a monthly basis. On Friday The Thirteenth Golden Jackass , we hear Jim answer listener questions and explain what happens when China decides to “Flip The Switch” , and what has happened to US Presidents  when they push back against the banking Cabals.

    Second Hour Tony Hursy makes a rare appearance on the show to pick Chuck’s brain a bit about current events , Climate Change , and What In Hell is actually going on in the alleged United States. The future of the show is addressed and Tony’s priceless contribution to show , website and Chuck’s basic knowledge are discussed. Also , What was that noise at the second hour break?

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October 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: Could Be Just Days Or Weeks Until The Collapse Of The Petrodollar

  • Rob Kirby: Could Be Just Days Or Weeks Until The Collapse Of The Petrodollar
    by https://www.silverdoctors.com/
    Rob Kirby says that the system won’t stay afloat much longer as the petrodollar is failing. We could be just days to weeks away. Here’s why…

    Rob Kirby interviewed by Silver Doctors
    Also, Kirby discusses Catalonia’s movement towards independence. “The vote to become independent in Catalonia is symptomatic of a growing desire of peoples around the world to reject the forces of globalism,” Kirby says. He continues that now this anti-globalism movement is unstoppable. And Kirby answers viewers questions covering the following topics:

    – Pensions will suffer “apocalypse.”
    – Paying off debt vs. prepping for crisis
    – How much gold and silver to own
    – The petrodollar will collapse within months
    – Demand for physical metal will overwhelm price manipulation
    – Cryptocurrencies vs. fiat currencies

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October 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: 58 Recent Global Shifts That Are QUICKENING The Death Of King Dollar

  • Jim Willie: 58 Recent Global Shifts That Are QUICKENING The Death Of King Dollar
    by Jim Willie the Golden Jackass , via https://www.silverdoctors.com/
    Many are the turning points with individual nations, once firmly in the Western alliance camp, but no longer. They are flipping eastward or in the case of China cutting the major cords. The Shanghai developments are by far the most important in the financial setting. The Petro-Dollar is seeing its last months after a 43-year reign as defacto standard. Its retirement will begin in the East, then spread to the decaying loyal Western nations. The entire geopolitical chessboard is becoming more aligned with the Eurasian Trade Zone, one nation after another. Its cornerstones are Russia, China, and increasingly Iran. It has gathered some Eastern European countries like Turkey, and will gather more. It has pursued the Middle East oil monarchies, and will succeed in lassoing them into the zone corral. Whether they deploy financial connections, or trade ties, or security links, these nations no longer see the United States and British (who walk the American dog with a monetary leash) as the leading global players any longer. The leaders are China with its financial and industrial might and Russia with its energy and commodity strength.

    As the global structure shifts in alignment, many nations will be involved in the shifts directly. It can be perceived as chess pieces in movement. The many bilateral connections are being altered, so as to fit within the new forces. The power center is moving from West to East, although certainly very slowly. Some call it a giant ship changing course, but the Jackass thinks of it more as a very large baby being formed with numerous umbilical cords, which requires a very long gestation period like that for an elephant. The Eastern centers must remove the vestiges of old colonial power links. It is a very slow process, whereby the East must accept losses from the uprooted stanchions. The Eastern leaders measure their risks, make the changes, and consider the losses as part of a reorganization much like done with the better observed structural changes done by IBM or Chrysler.

    Walls on all continents are seeing more clear graffiti. The writing is on the walls for the King Dollar first relinquishing its dominant position, then soon permitting a peaceful coexistence with the Chinese RMB, and later suffering the ignominy of gradual more complete removal as global currency reserve. Expect next to see a wider recognition of the Dual Universe, with the USD pitted against the RMB but without war. The current challenges are numerous, significant, and undeniable. The following nations are central to the global paradigm shift in progress. Cited are some key events in the shift. They have two themes in common, energy pacts and financial flight from the King Dollar. The more full description with effects, angles, and players is included in the October Hat Trick Letter, now in the production phase.

    read more.

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October 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Cracks in Dollar Are Getting Larger. Gold is Heading to $10,000 or Higher

https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold

Click on image for article.

  • Cracks in Dollar Are Getting Larger
    by JAMES RICKARDS, https://dailyreckoning.com/
    Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia. It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.

    Saudi Arabia was receiving dollars for their oil shipments, but they could no longer convert the dollars to gold at a guaranteed price directly with the U.S. Treasury. The Saudis were secretly dumping dollars and buying gold on the London market. This was putting pressure on the bullion banks receiving the dollar.

    Confidence in the dollar began to crack. Henry Kissinger and Treasury Secretary William Simon worked out a plan. If the Saudis would price oil in dollars, U.S. banks would hold the dollar deposits for the Saudis. These dollars would be “recycled” to developing economy borrowers, who in turn would buy manufactured goods from the U.S. and Europe. This would help the global economy and help the U.S. maintain price stability. The Saudis would get more customers and a stable dollar, and the U.S. would force the world to accept dollars because everyone would need the dollars to buy oil.

    Behind this “deal” was a not so subtle threat to invade Saudi Arabia and take the oil by force. I personally discussed these invasion plans in the White House with Kissinger’s deputy, Helmut Sonnenfeldt, at the time. The petrodollar plan worked brilliantly and the invasion never happened.

    Now, 43 years later, the wheels are coming off. The world is losing confidence in the dollar again. China just announced that any oil-exporter that accepts yuan for oil can convert the oil to gold on the Shanghai Gold Exchange and hedge the hard currency value of the gold on the Shanghai Futures Exchange.

    The deal has several parts, which together spell dollar doom. The first part is that China will buy oil from Russia and Iran in exchange for yuan. The yuan is not a major reserve currency, so it’s not an especially attractive asset for Russia or Iran to hold. China solves that problem by offering to convert yuan into gold on a spot basis on the Shanghai Gold Exchange. This straight-through processing of oil-to-yuan-to-gold eliminates the role of the dollar.

    I believe gold is ultimately heading to $10,000 an ounce, or higher.

    read more.

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September 30, 2017 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , | Leave a comment

Gordon Long: Markets in Delusional Phase. Gold Price Will Explode When System Breaks

  • Gordon Long: Markets in Delusional Phase. Gold Price Will Explode When System Breaks
    by Greg Hunter’s USAWatchdog.com 
    Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, “That is correct, and it won’t be something that is gradual, it will be very abrupt.  The system will break . . . and the financial markets will freeze up.  When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008.  We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries.  Never mind understanding the complexity.  So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .  Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive.  They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.  This is what has gotten us into this problem.  We have to get back to sound money.  It will have to be gold.  What percentage of backing will determine what the value the gold will be.”


    On the value of the U.S. dollar, Long contends, “Personally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn’t mean the world is coming to an end.  It just means you have to go through this to reset.  Those who prepare and understand why this is happening and watch for the signals, there’s going to be fortunes transferred.  They are being transferred right now, frankly.  One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.”

    read more.

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September 29, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

“Sunset of the Dollar” | Jim Willie

  • SilverDoctors Published on Sep 27, 2017
    Jim Willie tells Silver Doctors that one of the most important financial events in four decades just transpired and now we’re witnessing the “sunset of the dollar.”

    Jim Willie interviewed on Silver Doctors
    China is announcing the imminent roll-out of gold-backed futures contracts denominated in Chinese yuan. The petrodollar system is breaking down, Willie says. OPEC is deteriorating to a state of discord and disunity. Willie explains the replacement he sees coming. It is terrible for the dollar…

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September 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now: Lynette Zang

  • Lynette Zang: The US Dollar is Finished BUT They Will Suppress Gold Until Otherwise
    by http://www.silverdoctors.com/
    “Otherwise” is when the central banks make their move. Lynette says the central bankers are letting everybody get comfortable with crypto, but what happens after that is terrible news for anybody who is not prepared for it…

    Lynette Zang interviewed on X22 Report:
    The conversation starts off with a discussion of the stock market in general. Just the tiniest decline of a few percent would cause complete insolvency by in many of the large banks, Lynette says.

    The conversation then shifts to what Lynette calls “the primary currency metal”, gold. Central banks hold gold, and Lynette points out what would happen if and when the central banks reset their currencies to gold.

    The discussion then turns to cryptocurrency and the role it will play in the central bank plan to reset the economy. For now, the central banks are getting everybody comfortable in the crypto piece, but there will come a time when the central banks take over crypto, Lynette says. Other topics include:

    * Central banking
    * Economic collapse
    * The bond and real estate markets
    * Oil-for-Gold move away from the US dollar
    * U.S. entitlement spending

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September 28, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

The Demise Of The Dollar As We Know It: “A Break Is Coming… On A Worldwide Basis”

  • The Demise Of The Dollar As We Know It: “A Break Is Coming… On A Worldwide Basis”
    by Mac Slavo, September 24th, 2017, SHTFplan.com
    The significance of the shift taking place on a geo-political basis to unseat the U.S. dollar as the world’s reserve currency cannot be understated. It is, by all means, a complete upending of the financial and economic systems as we have come to know them. According to Keith Neumeyer, the Chairman of First Mining Finance and Chief Executive Officer of First Majestic Silver, the world’s purest silver producing mining company, the move is already taking place with countries like China, Russia, Venezuela and Iran already beginning to trade commodities with Yuan, Rubles and gold.

    Amid a recent announcement about developments in the gold and silver mining industry discussed in the following interview with SGT Report, Neumeyer, who previously called out, in very public fashion, the manipulation of precious metals by a small concentration of market players, says that the global currency wars currently playing out on the monetary battlefield will lead to significant price increases in the world’s most trusted hard assets of last resort.

    We’re seeing Chinese and Russians trading in gold for oil… there’s a real move on a worldwide basis… There is a break coming…

    It has to… It’s just time… The United States is a very powerful country… it has a very powerful military and they want to keep the system that’s in place because a lot of people have made a lot of money in the current system…

    I think as the world develops and gets off oil, I think that’s going to help facilitate a break from the Petrodollar system…  and everything that’s going on in the world is very supportive of much, much higher gold prices… I do contend that silver is going to far exceed the move in gold.

    read more.

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September 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: Fed Going to Kill Dollar – Will Be Forced To Print Money

  • Gregory Mannarino: Fed Going to Kill Dollar – Will Be Forced To Print Money
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Trader/analyst Gregory Mannarino says Fed Head Janet Yellen “lied” when she spoke last week about the “mystery” of not hitting the Fed’s inflation targets. Mannarino explains, “It’s no mystery.  You have to choke or laugh or barf when you hear her say something like that, and no one checks her on that.  It’s an absolute lie, an incredible lie . . . the economy is dead in the water.  It’s Economics 101.  That’s why she can’t create inflation.  It’s no mystery.  The cash isn’t moving.  The cash is not moving because the economy is going nowhere.  She can perpetuate the lie because she has managed to inflate the stock market.  The average person looks at the stock market and says the stock market is going up.  So, that means our economy is doing well.  It’s an incredible thing, but it’s just not the truth.  This is how they can twist people’s minds.  By keeping the market elevated, it is an illusion.  The illusion becomes real to the uninformed.”

    Mannarino says rates are going higher, and that will be bad for house prices. Mannarino explains, “If Yellen is successful and the yield curve starts to normalize, because right now it’s flat, that would put pressure on housing, and cash would come out of housing.  You would lose the wealth effect.  You can get a selloff in bonds, a selloff in the stock market, and this could turn into something very, very ugly, which it’s going to do one way or the other.  Again, if Janet Yellen is successful, the cost of money or the cost of cash will rise.  What does that mean?  That means the dollar, theoretically, should get stronger.  Multinational companies’ earnings are going to suffer.  That will put more pressure on the stock market. . . . It’s kind of unusual that the Fed is choosing right now to normalize their balance sheet.  The Fed is talking about getting rid of those mortgage-backed securities right now at the top of a housing market bubble.  They know it’s a bubble, and they re-inflated that bubble on purpose.”

    read more.

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September 25, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

7 Alarming Signs The U.S. Dollar Is Doomed – Jerry Robinson

  • Follow the Money Published on Sep 20, 2017
    Summary: With the value of the U.S. dollar tumbling by more than 10% YTD and the U.S. national debt officially topping $20 trillion for the first time in history, I’ll share 7 signs that reveal much more downside lies ahead for the world’s leading currency. And later, Tom Cloud shares why he believes silver could reach $19 by the end of this year, and, in response to a listener question, financial advisor Mike Mitchell reveals the best income stream that you can create for your retirement. In the end, no world power lasts forever. Kingdoms come and kingdoms go. Empires rise and empires fall.  Of course, you know what they say… The bigger they are, the harder they fall. So in America’s case, our fall will be great. Are you ready? 

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September 22, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Blockchain to Merge with Physical Precious Metals | Rob Kirby

  • Reluctant Preppers Published on Sep 19, 2017
    Rob Kirby answers YOUR viewer questions in this rapid-fire interview, spanning: politics, the Chinese & global pivot away from the US Petrodollar, whether US Treasuries’ days are numbered, whether Gold & Silver price suppression is just a conspiracy theory or a proven fact, and whether Blockchain and crypto-currencies contain fatal flaws, or are ushering in a revolution of integrity for money in the world ahead!

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September 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Ahead: Major Market Shock | Rob Kirby

  • FinanceAndLiberty.com Published on Sep 17, 2017
    The stock market is at all time highs and precious metals are slumping. But not for long. “One day, we’re going to wake up, and things will be fundamentally different,” Rob Kirby warns on this week’s SD Metals & Markets wrap. The market manipulation will end, and precious metals will skyrocket.

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September 20, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

“We’re Going to Wake Up, and Things Will Be Fundamentally Different” | Rob Kirby

  • Rob Kirby: “We Are Going to Wake Up and Things Will Be Fundamentally DIFFERENT”
    by Elijah Johnson, http://www.silverdoctors.com/
    Rob Kirby tells Silver Doctors on this week’s SD Metals & Markets that “we’re going to wake up, and things will be fundamentally different.” Gold & silver are about to skyrocket in price…  
    Rob Kirby of Kirby Analytics interviewed on SD Weekly Metals and Markets.

    The stock market is at all time highs and precious metals are slumping under the heavy handedness of market manipulation and gold & silver price suppression.

    But not for long. “One day, we’re going to wake up, and things will be fundamentally different,” Rob Kirby warns on this week’s SD Metals & Markets wrap.  The market manipulation will end, and precious metals will skyrocket. 

    In this must listen interview, Rob discusses the latest macro fundamental and technical analysis, including the rise of the cryptos, and while it looks like the ESF and Fed are winning the battle, they have already lost the war.

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September 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment