Socio-Economics History Blog

Socio-Economics & History Commentary

Andy Hoffman: End Game — It’s All Falling Apart

  • Published on Jan 26, 2016
    “There’s no turning back here. The end game has started… Central banks aren’t going to be able to buy another year or two. it’s all coming apart.”


January 27, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Ron Paul Says to Watch the Petrodollar

  • Ron Paul Says to Watch the Petrodollar 
    by Nick Giambruno, 
    The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better. – Ron Paul 

    Ron Paul is calling for the end of the petrodollar system. This system is one of the main reasons the U.S. dollar is the world’s premier reserve currency.

    Essentially, Paul is saying that understanding the petrodollar system and the forces affecting it is the best way to predict when the U.S. dollar will collapse. Paul and I discussed this extensively at one of the Casey Research Summits. He told me he stands by his assessment.

    This is critically important. When the dollar loses its coveted status as the world’s reserve currency, the window of opportunity for Americans to protect their wealth from the U.S. government will definitively shut.

    At that point, the U.S. government will implement the same destructive measures other desperate governments have used throughout history: overt capital controls, wealth confiscation, people controls, price and wage controls, pension nationalizations, etc.

    The dollar’s demise will wipe out the wealth of a lot of people. But it will also trigger political and social consequences likely to be far more damaging than the financial fallout. The two key takeaways are:

    1. The U.S. dollar’s status as the premier reserve currency is tied to the petrodollar system.
    2. The sustainability of the petrodollar system relies on volatile geopolitics in the Middle East (where I lived and worked for several years).

    read more.




January 25, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: Central Bank Debt Bubble Will Wipe Out Large Portion Of Global Population

    by Mac Slavo | SHTFPlan.comMAY 14, 2015
    It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets.

    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, 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:

    read more.


January 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

America’s Most Closely Guarded Secret: The Covert Fund That Controls It All — Rob Kirby

  • Published on Jan 22, 2016
    Rob Kirby joins me to expose extremely important economic information which the majority of the world knows nothing about. Rob says, “We are talking about something here that is extremely dark. This is a very dark entity. This is one of the most closely guarded secrets that America has.” The men behind the curtain have been using this top secret deep state funding source to manipulate world events and currencies for nearly 100 years.


January 23, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

John Williams: New Recession is Here Now

  • John Williams: New Recession is Here Now 
    by Greg Hunter’s
    Economist John Williams says a recession isn’t on the way–it’s already here. Williams explains, “There are a number of factors here that are showing recession. Number one is industrial production. You can’t ignore industrial production; it is usually used with retail sales in timing formal recessions. It turned down last December, and it generally has not looked up since. You’ve had three out of four quarters in the last year contracting. The numbers that came out for the fourth quarter showed year to year contractions that you never see outside of recessions. This is typical of a formal recession. You are also seeing recession if you look at the housing numbers. They have turned down quarter to quarter for the fourth quarter . . . with housing starts. If you look at the stock market and the S&P 500, the revenues that are being reported for companies . . . revenues for the S&P 500 are falling off quarter to quarter. You never see that outside of a recession. That is a broad measure of economic activity. . . .The Atlanta Fed . . . their GDP number for the fourth quarter has just dropped to .6%. . . . I think it will be negative in the second reporting. With all these factors coming together, I think you will have an early call on a new recession or at least it will be viewed as a new recession in the early part of this new year.”

    Williams says the main thrust of the Federal Reserve has been to prop up troubled banks that are still in trouble. Williams says, “There is very little the Fed can do now to help the economy. Actually, raising interest rates helps some because they can build a little more profit margin in their lending. . . .But if they run into trouble, if the banking system runs into trouble, they are going to do everything they have to do to keep the system from collapsing. They are going to be providing more liquidity and, if anything, they are going to be lowering interest rates. Along with that, you should see some reversal in the tremendous strength you have been seeing in the dollar. That will start to unwind all the craziness in markets like gold and silver and oil. . . . The reason why you have strength in the dollar is there is expectation here that interest rates are still going higher. The global economy, the global financial system is in enough trouble that the central banks, including in the United States, are going to go back into some sort of salvage operation, which will not mean higher rates in the United States. That will mean a reversal in the dollar’s strength. That is the primary prop behind the dollar, that and the expectation that the U.S. economy is booming along. I can tell you the economy is not booming along.”

    read more.


January 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Michael Maloney: The Greatest Crisis in the History of Mankind is Here!

January 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Elite are a GO to CRASH the World Economy, Web Bot Predictions & MORE

January 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: We Are On The Precipice! Derivatives Threaten to Topple the Global Financial System!

  • David Morgan: We Are On The Precipice! Derivatives Threaten to Topple the Global Financial System!
    by Adam Taggart,  
    Precious metals guru David Morgan returns to address the great threat to the global financial/monetary system from derivative risk. He sees the world at an unprecedented moment in history where the interconnected nature of the global economy makes all players vulnerable to the mind-boggling volume of outstanding derivatives, which makes the sum of all world equity + debt look tiny in comparison (if you haven’t seen it yet, look at this visual from The Money Project):

    I want to give a very clear example that comes from gaming theory and I think this is a very concise and easy way for most people to understand our derivative risk exposure .

    There are all kinds of gambling programs out there but one of the simplest ones before any computers was: you are at the roulette table (or you could be wherever, but roulette serves as the best analogy), and you bet a dollar on black and you lose. Then the next bet, you bet $2.00 and you lose. And then the next bet, you bet $4 and you lose. And the next bet, you bet $8 and you lose. The idea is that you keep betting on black, and eventually that’s going to come up and you’re going to win on the roulette table. The problem with that is this. You start to bet 2 4 8 16 32 64 128 256 and on and on, and what you are doing is you are betting $256. For what? To win a dollar. That is what you are doing. And that, Chris, I think is the best example I can give to the listeners about what we are doing in these derivatives.

    This is based on simplified “delta hedging” which is fairly easy to understand. But now you’ve got these mathematicians out there writing these derivatives that make the example I just gave you look like child’s play. That’s literally a fact. And these things are so interdependent and there is so much counter-party risk — that is, of course the biggest, issue — If you win the bet in the derivatives market, what happens if the counter party can’t pay you? That’s what happened in 2008. People still don’t realize how close we were to the edge at that point because banks were not trusting each other or each other’s paper. So they weren’t trusting their counter-party. What happened was the Fed came in and said: Well, Bank A you don’t trust Bank Bs paper; Bank B you don’t trust Bank As paper — here’s what we are going to do: I’ll take your paper. The Fed is taking these worthless mortgages and saying: We’ll settle in T-bills. You like those things, don’t you? The answer is: Of course. What is better than a T-bill?

    So then they settled out and, of course, this is where this whole expansion of the Fed’s balance sheet has taken place over the past several years. Everybody is happy because you have paper you can trust. But what happens when you don’t trust government paper? And Chris, that is really what is happening now. If you look at the foreign markets ,what has been going on is they basically have been dumping the dollar. The exchange stabilization fund has come in and sopped it up so it’s not transparent to the markets unless you really know how to dig deep.

    We are, in my view, in a place where the world has never been. We are on the precipice of a situation that is global in scope and  — for all practical purposes — is going to effect almost everybody on the planet. 

    read more.




January 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Bill Holter: This Is It. Collapse Is Here!

  • Published on Jan 17, 2016
    Bill Holter from JS Mineset joins us to cover the unfolding global economic collapse. “This is it. We’re watching the meltdown. This is history being made.” Bill says. Holter explains, “The Fed has lied themselves into a corner. They raised rates and here we are a month later, the system is imploding and they have no bullets left. They are going to have to do QE4, they are going to have to do negative interest rates.” “I believe this is it. The margin call, the meltdown, we’re watching it in real time… I guess the best way to look at where we are right now is, we’re standing at the gates of Hell.”


January 18, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Why Are JP Morgan & RBS Warning Us To Sell Stocks On Any Rally?


  • Why Are JP Morgan & RBS Warning Us To Sell Stocks On Any Rally?
    by Filip Karinja, for Birch Gold Group

    Following the worst start to a year in the stock market, Week 2 of 2016 sees the likes of the Royal Bank of Scotland (RBS) and JP Morgan issuing a simple warning to clients: Get out of the stock market ASAP!

    Don’t worry, we were shocked to hear them say that too.
    RBS told its clients: “This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

    Of course, we’ve already been arguing for some time for people to get to the life boats of the Titanic and as far away from the sinking ship as possible — that is, while there are still available seats on the rafts.

    The RBS went further to state that 2016 would be a “cataclysmic year”. Simply put, the RBS knows that it’s only a matter of time before the market goes belly up and they don’t want to risk their clients losing everything — as many of them did during the 2008 global financial crisis that “no one could see coming”.

    JP Morgan has joined RBS in parroting this message that people should jump ship. For the first time in 7 years the bank has gone bearish on stocks stating:

    “Our view is that the risk-reward for equities has worsened materially. In contrast to the past seven years, when we advocated using the dips as buying opportunities, we believe the regime has transitioned to one of selling any rally.”

    This warning becomes even more interesting when you take into context the fact that JP Morgan just posted their first loss in six years with loan loss provisions, to the tune of $89 million. They themselves are feeling the pinch.

    If you need a reminder from the 2008 crash and how quickly the stock market can collapse, then do yourself a favor and go see the new movie, The Big Short. In it, you will see how manipulated these markets are, and how quickly a company like Bear Stearns can go to $2 a share in a matter of days, after being a whopping $159 only 365 days earlier. Or, you can see how loans rated a safe and secure AAA by respected credit rating agencies fell apart in days.

    If you think it can’t and won’t happen again, then we have news for you: The problems from 2008 and before have been brewing for some time. They’ve been papered over in a bid to keep this current system going.

    But, you know this charade is really running out of steam when the big banks who benefit from this current paradigm are TELLING YOU that the sky is about to fall. 

    If you don’t own at least some precious metals, right now might be your best last chance to diversify your savings. Following Friday’s stock market plunge, U.S. stocks are off to their worst 10-day start to a year ever. You can still buy gold and silver. To get started, give us a call. Or, simply click here to request a free info kit on gold

In a deflationary crisis, banks will collapse as asset prices spiral downwards and default on loans escalate. The financial system will go into meltdown. Smart money will flee to physical gold/silver because confidence in in the banking/financial system will evaporate. Got physical gold/silver yet? Click on image for article.


January 18, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Andrew Hoffman: Full Default of Global Debt Coming. Endgame for the Gold Cartel Coming

  • Andrew Hoffman: Full Default of Global Debt Coming. Endgame for the Gold Cartel Coming
    by Greg Hunter’s
    Financial writer Andrew Hoffman says the Fed has a lousy track record for predicting the economy. Hoffman explains, “It’s not just the Fed, but all central bankers have been wrong on pretty much everything they have said. In the case of the Fed, in particular, which is by far the most important central bank in the world because what they . . . do destroys everyone else, it’s been three years, and they have been talking about economic recovery, and then they decide to raise rates just as the economy gets the absolute worst in our lifetimes. We are getting closer to the Yellen reversal when she is forced by markets to admit they have been wrong.”

    Hoffman, who is a former Wall Street oil analyst, points out, “Oil is about to go under $30 a barrel, and it may go a lot lower. This is an historic imbalance, and it’s not just crude oil, but all commodities. . . . There has been too much money printing for too many years and too much financial engineering and cheap and easy loans, which has created a gargantuan oversupply of absolutely everything. Former Fed President Richard Fisher just went on CNBC and . . . literally said we manipulated the market because it was falling and we created a bubble, and guess what? It’s bursting, and there is nothing you can do about it. . . . One by one, they are all saying they were wrong. Greenspan is saying it. Bernanke is hinting at it. A lot of Fed governors that are leaving are hinting at this, and pretty soon, the whole world will know it.”

    On the Fed raising interest rates again, Hoffman says forget it and explains, “You can’t have interest rates go up in the slightest—at all because we already have the highest indebtedness in the entire history of the world, not just here, but everywhere. On top of that, you created all this excess supply that never would have come to being, like all this oil. . . . I believe that when you couple that with all this debt, there is only one thing that can happen and that is a full default of all these billions and trillions of dollars of debt. Then, of course, the only thing central bankers know how to do is print money . . . and that’s what they are going to do until they hyper-inflate every currency in the world. . . . When I look at the balance of evidence, it’s impossible for me to consider a scenario where something extremely bad doesn’t happen in the next 12 months.”

    read more.


January 15, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

The Global Economy Has Just Come To A Screeching Halt, The Collapse Is Inevitable

  • Published on Jan 11, 2016
    1 in 3 people are saying that because of Obamacare they cannot afford the basics of life. Auto loan bubble is about to pop. Rail shipment is now signalling that the economy has come to a screeching halt and it is collapsing. Baltic Dry Index has completely crashed, ships are not sailing they are just sitting in port. Central banks and the wealthy are quietly purchasing gold and silver.


January 13, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

“Unprecedented Demand” – US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015


  • “Unprecedented Demand” – US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015
    by Tyler Durden, 
    While Chinese residents were lining up in front of banks and currency exchange kiosks, desperate to convert as many of their Yuan into dollars as the government will permit, Americans were likewise busy exchanging their own paper currency, so greatly in demand in China, into gold and silver.

    As Reuters reports, American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand. It will not be enough.

    According to the Mint, more than half of the week’s allocation of silver sold on Monday, the first day of 2016 sales, a sign that demand entering 2016 is literally off the charts.

    Putting the silver demand in context, the 2.76 million ounces of silver bullion coins sold today is exactly half of the 5.53 million ounces that sold in all of January 2015.

    Needless to say, if the demand from the first day of the month continues through the end of January, the first month of 2016 will set an all time record in silver sales.

    And gold.

    First-day sales of American Eagle gold bullion coins was also unprecedented, with the 60,000 ounces sold equal to roughly 75% of the 81,000 that sold in the entire month of January 2015.

    read more.



January 13, 2016 Posted by | Economics | , , , | Leave a comment

Something BIG is Coming … The Banks Have Never Done This Before

  • Something BIG is Coming … The Banks Have Never Done This Before 
    Financial markets across the world took a crushing blow last week as exuberant investors from Asia to the United States came to the realization that the economy may not be doing as well as governments want us to believe. That something big is coming should be a foregone conclusion, especially considering that sophisticated high net worth investors are positioning themselves like never before in physical precious metals.

    But they aren’t alone according to insiders like First Mining Finance mineral bank founder Keith Neumeyer and Silver Investor David Morgan. In an unprecedented move major financial institutions operating in the shadows are reportedly gobbling up silver and gold coins and small bullion bars at such extreme levels that mints in Australia, Canada and the United States are unable to keep up with demand.

    “There is a hidden buyer out there who is a bank, government, or institution.”

    Being that gold and silver are often referred to as safe haven assets, one can conclude with some certainty that someone somewhere is anticipating a serious calamity. And the fact that they are essentially making these purchases in secret adds further credence to the notion that they know something we don’t.

    As we’ve seen throughout history, and most recently in Greece, Zimbabwe and Argentina, when panic and crisis are the order of the day physical assets like gold and silver become the currency of the masses.


January 13, 2016 Posted by | Economics | , , , , , , , , | Leave a comment

RBS Cries ‘Sell Everything’ as Deflationary Crisis Nears

In a deflationary crisis, banks will collapse as asset prices spiral downwards and default on loans escalate. The financial system will go into meltdown. Smart money will flee to physical gold/silver because confidence in in the banking/financial system will evaporate. Got physical gold/silver yet? Click on image for article.

January 12, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment


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