Socio-Economics History Blog

Socio-Economics & History Commentary

Be Prepared For The Entire System To Go Dark For 2-3 Days: Jordan Sather

April 21, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

RIGGING THE RATES; Libor, the Scandal That You Forgot

  • ITM Trading Streamed live 4 hours ago
    The first earning season after the tax changes is upon us. Earnings have not disappointed with many corporations posting the expected 20% earning surge YOY. But Insider selling more than doubled this past week. $370 Trillion in fiat money contracts are tied to LIBOR, which is set to die in 2021. The problem is all the contracts tied to that rate that come due AFTER 2021 and LIBOR is on the rise. Looking at the charts, Spot silver sits right on the upper trend line in a wedge formation. We may know today, if there was a breakout above the trend line. Spot gold continues to form a second cup formation inside the current long-term trend. Remember, a cup formation indicates that smart money is quietly building their position. Are you with the smart money?
http://www.forbes.com/sites/timworstall/2016/05/24/this-libor-case-is-important-it-could-bankrupt-the-worlds-16-biggest-banks/#141c97f81bfe

Click on image for article.

http://www.businessweek.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says

Click on image for article.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The US Is Being Prepared For An Economic Collapse Transition

  • X22Report Published on Apr 18, 2018
    Another dump was made in Bitcoin, this time it was 50 million worth of digital currency, this drop came one day after the third largest bicoin wallet unloaded 50 million. Trump opposes the TPP, looked at it and it will not fit into the new trade system that he is creating. IMF sounds the alarm on the global debt, if it continues this way the system will break apart. The yield curve continues to collapse. Certain shadow powers are using China to fund operations and sell secrets which manipulates the US currency. The Fed sees the writing on the wall, the tariffs will force them to raise interest rates which will push inflation.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Worldwide Debt Default | Michael Pento

  • SilverDoctors Published on Apr 19, 2018
    The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors. He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming. The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher

  • The Clock Is Ticking For The Dollar Devaluation And Subsequent Gold Revaluation Many Times Higher
    by https://www.silverdoctors.com/
    Lynette Zang explains how there’s already been one currency devaluation with a gold revaluation two days later, and soon it will be America’s turn. Here’s why… Lynette Zang interviewed on Reluctant Preppers:

    Are the markets set to resume their record bull climb, restoring your nest egg, or is banking risk placing your earning, savings, pensions, and home value at great risk?

    Lynette Zang, chief market strategist at ITM trading aka “Data Gal,” uses the banks’ own charts and published figures to lay out the facts do you can decide what’s really going on, and take necessary measures to protect your family’s wealth and well being!

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

COLLAPSE PROTECTION: Ounces of Gold Needed. Canada and More. Q&A with Eric and Lynette

  • ITM Trading Streamed live on Apr 17, 2018
    Questions: https://www.itmtrading.com/blog/colla…
    Question 1. Brett S: How many ounces do you all think you need to be safe on the other side of this collapse?
    Question 2. Lynda G: does your advice apply to Canadians… meaning not leaving much in bank accounts and investing in gold and silver?
    Question 3. Michal S: Bail Ins, I know for sure this will affect checking and saving accounts, but … are business accounts safe?
    Question 4. John: should I borrow money on a low fixed rate loan to buy metals?
    Question 5. Jessy J: Which is more probable–a “cashless” system for transactions, or a revaluation with physical currency of larger denominations (the India tactic)?

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April 19, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse

  • “They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse
    by Mac Slavo, April 15th, 2018, SHTFplan.com 
    The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, and it’s going to be brutal. Big banks and governments know what’s coming and they are preparing for this eventuality by stockpiling huge amounts of “real money” ahead of the crisis.

    According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver. The answer to why they’re doing it is simple, as Neumeyer highlights in a recent interview with SGT Report:

    The verdict is still out on whether we’re going into a dis-inflationary or inflationary environment… gold can do well in both environments… the fact of the matter is governments are printing extraordinary amounts of fiat currencies and that is not going to change…

    The stage is set for higher gold prices due to the amount of money being printed… I am of the belief a major reset is coming where the governments of the world will need to get rid of their debt by fixing everything to the price of gold… and that’s why governments like China and Russia and other governments around the world are accumulating gold… it’s because they know what’s going to happen over the next several years…

    read more.

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April 17, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Harry Dent: Prepare for Zero Hour – A Full Financial Reset is Here!

April 11, 2018 Posted by | Economics | , , , , , , , | Leave a comment

Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …

  • Jim Willie on Economy, Gold, Dollar, China, Truth Bombs …
    by http://goldenjackass.com/main5.html
    April 8th:  topics covered include the global rebellion against the USDollar for its monopoly in trade payment as well as bank reserves, the non-USD platforms in global finance, the dead OPEC cartel, the new Russian Rosneft Oil Consortium (based not in USD), the direct backfire with failure in every single USGovt foreign policy since 2001, the bank heist at the World Trade Center, the trade war with China which began in 2005, the sequence of events since 1999 with China on the Hong Kong regional conversion with USGovt gold lease reneged upon followed by massive dumping for Fannie Mae bonds which resulted in the Lehman failure and Chinese confiscation of the JPMorgan HQ property with mixed USFed monetary policy like Operation Twist, the absent gold reserves for the USGovt all stolen by Bush & Clinton & Rubin, the non-starter of a gold-backed new USDollar which requires US re-industrialization, the wise strategy to sell stocks & bonds followed by buying Gold & Silver coins & bars (as in sell high, buy low), the fast growth in the Belt & Oil Initiative based in $8 trillion of projects all outside the USDollar, the vengeance in trade tariffs where the US corporations lose out on canceled large deals, ending with international disgust for the USGovt uncontrollable debt and improper trade deficit funded by printed USDollars

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April 10, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

DOLLAR Will Be REPLACED, “It’s Been Bloodshed” | David Moadel

  • FinanceAndLiberty.com Published on Apr 7, 2018
    David Moadel from PortfolioWealthGlobal.com explains that demand for cryptocurrencies and the Yuan are causing the Dollar to decline. It won’t take long for the Dollar to lose its world reserve currency status.

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April 10, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

The Hammer Is About To Fall, The Central Banks Are Obsolete

April 9, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Lynette Zang: Gold Still Rises In Price Even AFTER The Reset

  • Lynette Zang: Gold Still Rises In Price Even AFTER The Reset
    by https://www.silverdoctors.com/
    Lynette has new information on the coming reset based on happenings in Venezuela and the proposed legislation in the U.S. Congress. Here’s the details… from Lynette Zang of ITM Trading:

    Question 1: Venezuela has done the reset of its currency to gold. Does this means that the reset is dependent on each country’s government and only those facing a crisis like Venezuela? Will there be an eventual reset on a global level such that all countries will reset their currency to the true fundamental gold value?

    Question 2: Should I sell my gold/silver bullion for junk silver coins or silver eagles?

    Question 3: I was waiting on Lynette’s response about what would happen to a TD Ameritrade account upon a systemic failure, hopefully you can squeeze this in.

    Question 4: House bill 5404 on gold standard. Your thoughts?

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April 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster

  • The world is burdened by an unpayable amount of debt that is crippling economic growth. There is going to be a DEBT Jubilee, ie debt forgiveness, to extinguish debt.
  • The process by which this is done is called a Global Currency/Financial Reset. It is a euphemism for the Return to the Gold Standard. The price of gold will be revalued upwards many folds to enable governments to extinguish debt.
  • Governments around the world cannot just say to banks: All debts owed to you is now invalid. The entire banking/financial system will go BUST. Everyone’s savings will disappear overnight. Governments will revalue gold price upwards 10x, 50x … and then use the overnight increase in asset to buy debts from the banks. Thus, debt is forgiven.
  • By implication: fiat currencies will suffer a massive devaluation against gold/silver.
  • The ‘Debt Jubilee’: The Solution For Governments To Avoid The Next Economic Disaster
    by https://www.silverdoctors.com/
    Rooted in the Bible and based on debt forgiveness, wiping the slate clean with a debt jubilee may stave off the next financial crisis. Here’s why… Richard Vague on interviewed by New Economic Thinking:

    How do you know a major financial crisis is coming? Look for a spike in privately held debt, by households and corporations.

    That’s the argument of Richard Vague, author of The Next Economic Disaster: Why It’s Coming and How to Avoid It. Having worked for more than 30 years in consumer banking, Vague describes how he saw the build-up of private debt in the mortgage and credit card industries first hand–even though it’s an issue that neoclassical economists like Milton Friedman barely acknowledge. To avoid another crisis, Vague says firms and governments need to take debt forgiveness–the biblical “jubilee”–seriously. As he says, after the financial crisis “We helped the banks, we didn’t help the households.”

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April 6, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Rob Kirby: Global Financial Reset, Hyperinflation, Gold & Silver Will Rise Like BitCoin…

  • Rob Kirby: Global Financial Reset, Hyperinflation, Gold & Silver Will Rise Like BitCoin…
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)  
    Forensic macroeconomic analyst Rob Kirby says big money knows “gold supplies are tight” and getting tighter by the day.  Kirby, who also arranges gold sales by the ton on a global scale, explains, “There are reports of people trying to buy institutional amounts of physical gold bullion in the Asian market, and there is none available even if they are paying a premium.  I’m not talking about availability at the coin shop where you would buy two American Gold Eagles or a Gold Panda.  I am talking about institutions wanting to buy serious amounts of physical gold bullion in bar form.”


    Kirby says the global financial system is packed with unpayable debt, and the insiders know many might wake up someday to find they are living in their very own Mad Max movie. Kirby says, “If the financial world is turned on its head, we could very likely see some social unrest.  Things could get very, very unpalatable, and we could see a complete breakdown. . . . This leads naturally to the question if the system is this precarious, why hasn’t anybody with a whole lot of money done anything to tip it over?  The reason is that virtually nobody benefits from a situation where anarchy happens, and there aren’t many people who want to be the person that pulls the pin on the grenade.”

    How long can this go on for? Kirby says, “Not much longer because the amounts and volumes of delivering physical gold are growing with time at a geometric rate.  The demand for physical is growing too fast for the paper to be able to justify the false price discovery.  There are fraudulently concocted prices of precious metals on the COMEX exchange . . . to keep these fraudulent prices on metal believable, COMEX has had to give up at least some metal to make their fraudulent price believable.  At some point, this whole system is going to be exposed for the massive fraud that it has been for a very long time. . . .  What does this mean to the average guy in the street?  We could see physical gold and silver prices go Bitcoin.  We could see the price of silver go up 5, 10, 20 or 30 times just like Bitcoin did in a very short space of time.  I feel this is ultimately what is in store for precious metals prices.”

    read more.

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April 2, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie: There’s 30,000 Tons Of Gold Under The Kremlin (And The Russian Silver Rouble Is Real)

Click on image to download MP3 interview.

  • Jim Willie: There’s 30,000 Tons Of Gold Under The Kremlin (And The Russian Silver Rouble Is Real)
    by https://www.silverdoctors.com/
    Jim says the 30,000 tons of gold are spread out in 18 rooms, and the Silver Rouble will launch with some unanticipated surprises. Here’s more…

    Jim Willie interviewed by Craig Hemke on TF Metals Report 
    For your holiday weekend listening pleasure, here’s 75 minutes of fresh Jackass, recorded yesterday in our A2A webinar format. Among the items discussed over the course of the event:

    * the long-term significance of yuan-denominated crude oil futures
    * Fed policy and long-term interest rates
    * the US trade deficit and its impact
    * the possibility/likelihood of a Russian “silver ruble”
    * what impact de-dollarization may have upon US expats living abroad
    * the definition of the term “global reset”
    * and much, much more!

    Thanks again to The Jackass for volunteering his time and sharing his wisdom.

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March 31, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment