Socio-Economics History Blog

Socio-Economics & History Commentary

The Big Event Is On The Horizon Which Will Change The Country: Jim Willie

March 5, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The BIS Has Been Preparing for a Debt Jubilee and Gold Price Revaluation for Decades

Click on image to play interview MP3 file.

  • The BIS Has Been Preparing for a Debt Jubilee and Gold Price Revaluation for Decades
    by Turd Ferguson,
    Our old friend, The Golden Jackass, reached out last week and suggested that he had some information and analysis that couldn’t wait for the next, three-day weekend podcast. Thus this special audio for your weekend listening pleasure.

    So what did Jim want to discuss? Primarily the fracturing global bond and equity markets and how the BIS has been preparing for a “debt jubilee” and gold price revaluation for decades.

    I’ve learned that whenever The Jackass has a lot on his mind, it’s best to just sit back and let him pontificate with as few interruptions as possible…and that’s what we tried to do here. So, sit back and take it all in. There’s a lot of information in these 57 minutes and it will require your full consideration.


March 5, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Banks, Debt, Gold and the Global Financial Reset. Q&A with Eric Griffin and Lynette Zang


March 1, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

David Morgan: Silver Returning To Monetary System?

February 27, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Debt Default is Inevitable | Michael Pento

  • SilverDoctors Published on Feb 23, 2018
    “Debt levels have reached a point where they have to be defaulted upon,” Michael Pento of Pento Portfolio Strategies tells Silver Doctors. The rate of the 10-year Treasury is at a four year high nearing three percent. Pento forecasts it will rise to four percent, which will be a “floor rather than a ceiling.” If the rate rises to four percent, people will have lost about 25 percent from a “risk free” asset since July 2016. The top is in for the stock market, Pento says. As rates continue to rise, look out for a bankruptcies, layoffs, and a stock crash.


February 24, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

US Dollar Domino Collapse: New Evidence | Rob Kirby

  • Reluctant Preppers Published on Feb 23, 2018
    Widely followed proprietary analyst Rob Kirby sounds the alarm that the facts can no longer be denied that MAJOR FINANCIAL PLAYERS ARE ABANDONING THE US DOLLAR. Kirby names specific examples to prove that the drumbeat of new hard evidence is accelerating, as we are rapidly approaching the point of no return. Kirby further blazes through hot topics ranging from the real root causes behind mass tragedies, to insanity preventing North American oil independence, and whether gold/silver/cryptos are the key to bring a peaceful end to the non-stop wars that have been forced upon us!


February 24, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Central Banks Have Been Calling for a Financial System Reset Since 2013. They’ve Been Using This Time to Accumulate Gold

  • ITM Trading Streamed live on Feb 21, 2018
    Link to slides and supporting sources:…

    Insiders have been busy leading up to February. In fact, Goldman Sachs reports that, during the recent stock rout, they had their busiest week ever as buybacks surged 4.5 times last years average corporate buying. Snap has made Even Spiegel a very wealthy man and apparently, a very lucky one too. On February 3rd some huge buyer made Snap stock gap up from $13ish to $21ish. Perhaps they know something we don’t. Oh Snap! It’s All About Confidence And for the Fed’s next magic trick…Interbank Lending is discontinued. Banks lending to each other provided liquidity during past crisis. But that support dried up during the 2008 crisis leaving central banks, as the lender of last resort.

    And while we’re told everything is fine, this graph shows the loss of confidence banks have in each other’s solvency (ability to repay a loan). Real Money Gold Central banks have been calling for a financial system reset since, at least, 2013. They know the old system has been on life support since 2008. They’ve been using this time to accumulate gold. Wouldn’t it make sense to follow their lead?


February 23, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

GOLD & SILVER Supply Dry Up, Prices and Timing. Q&A with Eric Griffin and Lynette Zang

  • ITM Trading Streamed live on Feb 20, 2018
    Video & Link to Questions:…
    Viewer Submitted Questions:
    Question 1. BlueMariner777
    How can they falsely push down the spot gold market when folks are buying real gold based on those prices. Aren’t they doing something illegal to falsely push the market down?
    Question 2. Wayne C
    if physical gold/silver prices are tied to the spot price by the metals brokers, should I wait until after the crash to buy physical gold/silver at the lower prices?
    Question 3. Michael B
    How is the total asset value of the Global Bond counted? Is it counted based on the current market value or is it valued on the maturity value of all the bonds?
    Question 4. Kevin K
    I notice that the Fed is no longer publishing the Interbank loan information. Update?
    Question 5. Laura K
    January 2018 the banks stopped lending to one another. The same thing happened in 2008. What month in 2008? I’m interested to know how much time it was from the time they stopped lending, till the collapse. It might give us an idea of when the next one will happen.
    Question 6. Mark H
    can you include in a q&a session something about the paper to gold/silver ratio just added to the us debt clock web page bottom left if you go and look very interesting.
    Question 7. Anthony G
    when it comes time to pay the debt, what the hell are we going to use to pay other than our land, resources, blood? Is this part of the Act of 1871 when the US went bankrupt and became a corporation under admiralty law?
    Question 8. Dave
    How fast would the metal supply dry up in a huge turn up in metal prices?


February 22, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Gerald Celente: Where Are The Markets Heading? Follow Gold

  • The Alex Jones Channel Published on Feb 19, 2018
    Gerald Celente of Trends Research hosts the 4th hour of The Alex Jones Show, advises listeners watch gold prices closely.


February 20, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Doug Casey On Why Gold Could Go “Hyperbolic”

Remember the Golden Rule: “He who has the gold Rules!”

  • Doug Casey On Why Gold Could Go “Hyperbolic”
    …. Doug: Keeping dollars in banks is very dangerous. The whole world is like Cyprus a few years ago. You don’t actually own anything in a bank or broker anymore—your assets are the unsecured liability of an institution that’s likely bankrupt. This is especially true if you have more than $250,000 in any given account, which the FDIC insures. But it’s bankrupt too, with assets that cover like a half percent of their liabilities.

    The problem is systemic risk, and it’s worldwide. It’s like Joe Louis said: you can run but you can’t hide. The only place you can hide today is gold and silver. That, and cheap real estate, if you can find it.

    Yeah, gold is doing quite well. Its price is up 12% since July.

    What do you attribute this to? Is it because investors are taking shelter? Is it due to the weak dollar? Or is it simply because we’re in the early innings of a new commodity bull market?

    Well, I think all the indications are aligning at this point. It’s been a rough bear market. As a group, commodities are 50% below their 2011 highs. It’s been a deep bear market as well as a long bear market. As a result, commodities have never been cheaper relative to financial assets like stocks and bonds.

    It’s a great time to be in commodities. And gold is the foremost commodity. It’s historically been used as money. And it will continue to be used as money because none of these governments should, or do, trust each other. Or each other’s phony paper fiat currencies.

    There could be a buying panic in gold and it could go much higher. We’re in a new bull market for gold at this point, but nobody cares. Or even knows that’s true. The same is true for silver. Although, silver is primarily an industrial commodity. It’s the poor man’s gold for many reasons.

    Justin: How much higher could gold head?
    Doug: Well, these things usually move in a hyperbolic curve. They start out slowly. Then, they accelerate. Same type of thing we saw with cryptocurrencies.

    I think gold will do the same, although not to the same extent. My prediction by the end of this year is that gold will hit $2,000. In 2019, $3,000. In 2020, $4,000. By the time this bull market peaks, gold could reach $10,000. But I hate to say things like that…because it sounds so outrageous.

    But look at the number of dollars in existence ($3.635 trillion in the M-1 money). Divide that by the 260 million ounces of gold the U.S. Government is supposed to own, and you get a gold price of $13,982/ounce.

    Look at the number of dollars that are outside the U.S.—$10 trillion, $20 trillion, who knows?—and that liability is growing by $50 billion annually with the balance of trade deficit.

    At $1,300 per ounce, the U.S. gold holdings can’t even cover a year’s deficit. And consider the fact that at some point those dollars will need to be redeemed by something if they’re going to retain any value.

    The price of gold—if gold is going to be fixed to the dollar again, at least for the purpose of trading with foreigners, with foreign governments—is going to have to be much higher than it is today. Of course, I don’t think the dollar should exist, nor should the U.S. government even be in the money business; it just confuses the issue.

    Money is a medium of exchange and a store of value—it shouldn’t also be a political football, and a means for the State to finance itself. Gold itself should be used as money. Remember that the dollar—like the franc, the pound, the mark, and what-have-you—were just names for a specific quantity of gold.

    So a six-to-one shot from here is not at all unreasonable over the next several years. And that would mean very good things for gold stocks.

    read more.


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

Charles Hugh Smith: All Currencies Will See Catastrophic Devaluation Against Hard Asset. Financial Markets Definitely Destabilizing

  • Charles Hugh Smith: All Currencies Will See Catastrophic Devaluation Against Hard Asset. Financial Markets Definitely Destabilizing
    by Greg Hunter’s (Early Sunday Release)
    Financial writer and book author Charles Hugh Smith has been watching the extreme movements in financial markets closely. Is he nervous?  Smith says, “Oh yeah, it’s definitely destabilizing.  In other words, it’s becoming not just more volatile, the whole underlying structure of our economy is destabilizing.  What I mean by that is it’s becoming more brittle or fragile.  That is fundamentally why we are seeing these wild swings.  People are swinging between . . . keeping the money machine like it is for another nine years, and the other side of the coin says wait a minute, we have already had a weak expansion for nine years.  It’s almost the longest expansion in U.S. history.  A normal business cycle doesn’t run in one direction forever. . . .If you don’t allow your economy to have a business cycle recession, then you are simply making it more fragile by encouraging really marginal and risky investments, and that’s where we are now.”

    One very big problem is a dramatic loss in buying power of the U.S. dollar, but it’s not just the dollar. According to Smith, “All these currencies, there is nothing backing the currencies except the government’s force.  That’s the yen, the euro, the dollar and the Chinese yuan.  They are all going to have a catastrophic drop against real assets because they are all based on too much leverage, too much debt, too much money being pumped into the financial system that ends up in unproductive speculation.  You can’t grow your debt at six times the rate of your economy.  In other words, if you are creating $6, $8 or $10 of debt to eke out $1 of low productivity growth, you are dooming your currency, and all currencies are doing the same thing.  All the currencies are going to take a big drop at some point . . . relative to real stuff.  Real stuff is commodities we need:  water, grains, food, oil, natural gas and, of course, precious metals.  Everybody knows they have been money for 5,000 years, and I personally feel there is a role for crypto currencies.”


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

Fail? Central Bank Balance Sheet Games

  • ITM Trading Streamed live on Feb 16, 2018
    Supporting slides and links:…
    We are told that the economy is strong. With global stock markets near all-time highs and real estate prices near or better than 2006, many people believe this is true. Happy days are here again! No one really knows what specifically caused the recent market sell-off. Some say it was the whiff of higher inflation caused by the highest wage increase since 2009. Is it possible that the recent market rout was a central bank experiment? After all, none of the standard flight to safety assets performed as they normally would. And this would be a good time to set one up with all that repatriated money coming back to support the markets. The smartest guys in room on money are buying physical gold, don’t you think you should too?


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

The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency — James Rickards

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February 16, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Bond Bubble Popping? | Rick Rule

  • Published on Feb 14, 2018
    President of Sprott US Holdings tells Silver Doctors why he’s bearish on bonds and bullish on precious metals. With the recent rise in the US 10-year Treasury yield, Rick Rule says the bond bull market could be at its end. A reversal in the bond market could be bad for most markets, including equities and real estate. “For 40 years,” Rule explains, “the most important determinant in precious metals’ prices has been the strength – or at least the perception or strength – in the US Dollar, particularly the US Dollar as expressed by the interest rate on the US 10-year Treasury.” In other words, if the bond bull market is over, then the precious metal bull run is just beginning. This year, Rule says he is more bullish on mining stocks than the physical metal.


February 16, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

The Criminal Banks KNOW Something Is Very Wrong — Lynette Zang

  • SGTreport Published on Feb 13, 2018
    Lynette Zang from ITM Trading joins me to discuss the economy, precious metals and the storm that’s brewing. The criminal banks have stopped lending to each other because they know something is very wrong. Will the masses realize it – or be told about it – before it’s too late? Probably not. But you will.

Click on image for article.


February 15, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment