Socio-Economics History Blog

Socio-Economics & History Commentary

James Turk: Silver in Backwardation – No One Wants the Counter-Party Risk!

  • James Turk: Silver in Backwardation – No One Wants the Counter-Party Risk!
    James Turk joins us this week for a MUST LISTEN show discussing:

    * Silver Has Been in Backwardation Since January– N
    o One Wants the Counter-Party Risk!
    * The writing is on the wall for Greece- Bail-in appears inevitable!
    * When Greece is bailed-in, Will Contagion Rip Across the Banking Systems of France, Italy and Spain?
    * Turk Explains Why Fiat Currency is Coming to a Conclusion
    * Governments Will Come Back to Gold Either Willingly, or Kicking and Screaming!
    * When the Big Black Swan hits, Will Americans Finally Wake Up to the Encroachment of Fascism?
    * Why it is Prudent to Protect Your Wealth With THINGS…Not Promises! 

    Turk Explains Why Buying Gold Today at $1200 is Better Than Buying Gold at $35 in 1971! 
    The SD Weekly Metals & Markets With The Doc, Eric Dubin, & James Turk.


May 23, 2015 Posted by | Economics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: Wreckage of the Global Bond Markets, China’s Physical Gold Accumulation …

Click on image to download MP3 interview.

Click on image to download MP3 interview.

  • Dr. Jim Willie: Wreckage of the Global Bond Markets, China’s Physical Gold Accumulation …
    by Turd Ferguson,  
    Our holiday tradition continues. Please be sure to note that this extremely valuable interview is, of course, a free public thread. Over the course of this hour-long discussion, The Golden Jackass addresses two main points:

    * The wreckage of the global bond markets and the damage wrought by the never-ending quantitative easing of the global central banks.

    * China’s intentions behind their massive buildup of physical gold. You’ll find Jim’s rationale to be more comprehensive than that recently put forth by Jim Rickards. His reasoning is laid out in a straight-forward manner and would seem to be the best, most reasoned explanation yet of China’s motives and goals.

    For those Vault subscribers that have already listened to Part One of this interview, please fast forward to the 25:00 mark to continue with Part Two. Have a great weekend and enjoy your fresh Jackass!


May 23, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Morgan & Marchese: Big Moves Coming In The Silver Market

  • Published on May 22, 2015
    IN PART 2:

    – Supply dynamics in the silver bull market ►0:29 
    – Demand dynamics in the silver bull market ►3:49 
    – Big moves in silver coming soon ►6:50 
    – How to build a precious metal portfolio ►11:52 
    – What is ahead for the silver mining stocks? ►13:46 

    As publisher of The Morgan Report, David Morgan he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications.


May 23, 2015 Posted by | Economics | | Leave a comment

Jim Willie: Gold & Silver Backed Currencies, Dollar Collapse …

    May 21st: covers the Gold Trade structures (central banks, corporate, retail), the Intl Monetary Fund with Chinese RMB currency acceptance and inclusion, the introduction of Gold & Silver backed currencies within the BRICS Alliance framework, some background of the IMF control elements with loan grants, the construction of the new Gold platforms that replace those USD-based, the impossible coexistence between paper money with Gold money, the credibility of conspiracy theories (a few cited), the Greek situation with open door to Russia & China for asset grabs, the building of new banking infrastructure, official surveillance threat to liberty and currency, goals of fair trade with legitimate banking, the great risk to the Average American with life savings, the great risk for United States falling into Third World, the many sources for hope personally, all through the discussion to bring in the angles with crypto-currency …


May 22, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bo Polny: A Gold & Silver Spike Before June 21, 2015


  • Bo Polny: A Gold & Silver Spike Before June 21, 2015
    Are Gold and Silver set to SPIKE before summer? A 15-minute must listen for all Gold and Silver investors.
    The slide from March 19 & 24, 2015 states three points: 

    1. Gold
    & Silver Bull Market Breakouts starting now (end of March 2015) and before summer!

    2. US Dollar top arrived March 16, 2015, continued weakness into end of April with a ‘breathtaking’ CRASH before summer!
    3. Devastating World Stock Market CRASH starting in 2015 & ending in 2016!

    read more.


May 22, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

Alasdair Macleod: The Coming Panic Into Physical Gold And Silver

  • Alasdair Macleod: The Coming Panic Into Physical Gold And Silver
    Many of us are now predicting another round of QE, quite possibly before the leaves are finished falling off the trees this fall around the country.

    The one thing the Fed really is frightened of is contracting bank credit.  And this idea of collateral liquidation leading to more selling of collateral by the banks to cover loans is sort of self-feeding into nasty collapse if you like in asset prices.

    Now that’s not going to happen because they are going to print money to insure it doesn’t happen.

    We are very very close to that sort of tipping point and I think that people who have 
    an understanding of this are not going to hang around and wait for the Fed to print money. They are going to go quite quickly against the dollar…

    Anybody who doesn’t own physical silver or gold could miss out.  I think there’s a big change coming.

    Submitted by Fund Manager Dave Kranzler, Investment Research Dynamics:

    The strategic reasons for are now about to change in the next six months. Anybody who doesn’t own physical silver or gold could miss out. I think there’s a big change coming on.  – Alasdair Macleod,Shadow of Truth

    The Shadow of Truth interviewed Alasdair Macleod to get his take on the economic reports which show an economic contraction in the U.S., the recent move higher in precious metals prices and his thoughts on what China’s next move is with respect to their obvious hoarding of physical gold.

    read more.


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

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.”

    read more.


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

Bo Polny: It’s All Down from Here, Except Gold and Silver

Click on image to download MP3 interview.

Click on image to download MP3 interview.

  • Bo Polny: It’s All Down from Here, Except Gold and Silver
    by Financial Survival Network  
    Bo Polny joined us today for an update on major markets. He’s calling for a major sell-off on the dollar and treasuries. He also sees a major sell-off on world stock markets as well. It’s going to occur before summer and this will lead to a major increase in gold and silver prices. He believes that you need to be long gold and silver and short the dollar and bonds. Will he be right this time, we’ll know shortly.


May 20, 2015 Posted by | Economics | , , , , , , , , | Leave a comment

John Rubino: When Cash Is Outlawed The Banksters Have Won

Click on image to download MP3 interview.

Click on image to download MP3 interview.

  • John Rubino: When Cash Is Outlawed The Banksters Have Won
    by Financial Survival Network
    John Rubino joins us for his latest weekly installment. 

    Once cash is outlawed the government will be in complete control of your financial decisions, or so they think. When they want you to spend more, they turn up the pressure to spend and when inflation starts heating up they’ll turn it down. However, man is very ingenious and will come up with a way to beat the bankster, guaranteed! Whether it’s with gold and silver or with gift cards the law of unintended consequences will prevail.

Click on image for article.

Click on image for article.

Click on image for article.


May 20, 2015 Posted by | Economics, EndTimes, Social Trends | , , , , , , , , , , , , | Leave a comment

Hugo Salinas-Price: Apocalypse and Enormous Disorder Coming. We Are Headed Over Niagara Falls!

  • Hugo Salinas-Price: Apocalypse and Enormous Disorder Coming.
    by Greg Hunter’s  (Early Sunday Release)
    Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe.  Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash.  We can’t go too much further along this road.  This is utter madness.  We’re not supposed to use cash anymore?  Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better.  We have people running things that have forgotten about what motivates the common man. . . . I want people to have silver because it is going to protect them.”

    Why does the common man need the protection of precious metals?  Salinas-Price says, “I just read today the global debt is $200 trillion, and it’s grown from the last crisis in 2008.  Something has to happen to take care of that debt.  Either it’s going to be repudiated or it’s going to be inflated away, or it’s going to be paid with taxation. . . . We are headed over Niagara Falls.”

    Salinas-Price, 83 years old and a billionaire, warns currencies can suffer huge inflation risks.  Since the mid 1970’s, Salinas-Price points out the peso exchange rate has plunged compared to the U.S. dollar.  Salinas-Price says, “From 1976 to date, from 12.50 pesos (to $1 US) we are now at 15,100 pesos (to $1 US) and going further down.  Savings can become worthless, and that’s what I tell people.  Don’t save money that is going to devalue.  This inflation that is going on that is presently debt that is like a cloud that is up there.  When it begins to liquidate, it’s going to be pouring down.  People will be rushing around trying to buy things.  The money is going to be worthless because in a liquidation, what can you buy with all this water (fiat money) that is coming down.  As long as it is up there in credit, it’s okay.  It’s up there in the cloud, but if it begins to liquidate, watch out.”

    So, is Salinas-Price predicting the same huge devaluation for the U.S. dollar as what has happened to the Mexican peso?  Salinas-Price contends, “Same cause, same effect.  It is absolutely unavoidable.  That’s why I have been urging people to have silver and gold.”

    read more.


May 18, 2015 Posted by | Economics, Social Trends, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Bill Holter: “All Hell Has Been Breaking Loose” in the Global Credit Markets

  • Published on May 17, 2015
    Writer & Researcher Bil Holter joins me to discuss the latest as we document the collapse. Over just the past week, Bill explains, “all hell has been breaking lose” in the global credit markets.

    Bill wants readers of SGT Report to understand that “the stock market(s) are merely a side show to the grand Big Top circus of the credit markets because the credit (bond) markets are so much larger than the equity markets.” And Bill says when the credit markets implode – EVERYTHING will implode. 

    So how will it all end? Bill explains, “This is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position. So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it” And Bill asks, “Do realize that gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed?”

    The choice is yours, paper brokerage account statements and ones and zeros on a computer screen, or real physical wealth. The time to make your decision is running out.


May 18, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Andrew Maguire: Precious Metals Manipulation Endgame

Click on image to play the MP3 interview!

Click on image to play the MP3 interview!

  • Andrew Maguire: Precious Metals Manipulation Endgame
    by Turd Ferguson,  
    The dollar is sinking like a stone. Paper gold and silver are rallying and above their major moving averages. Physical metal demand continues to accelerate worldwide. What a perfect time to get an update from our friend, Andrew Maguire.

    This was recorded Friday morning US time, between 11:00 amd and 11:30 am EDT, so it’s about as current as you can get. Over the course of this discussion, Andy addresses:

    * the changes to the London Fix process
    * unallocated London gold still affects price but the coming Allocated Bullion Exchange will have a significant impact
    * how London is still able to settle physical trades and the news this morning that England showed a net export to Switzerland of nearly 100 metric tonnes for the month of March
    * in the absence of published GOFO, how Andy computes tightness and/or backwardation in the gold market
    * his current price targets and projected resistance levels

    I think you’ll find this podcast to be great fun and quite informative. Today’s action in the metals and the dollar sets us up for a very interesting end of the month. This “interview” could not have come at a more opportune time.


May 18, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

David Stockman: We Are Now Entering The Terminal Phase Of The Global Financial System That Will End In Total Collapse!

Financial Armageddon dead ahead !

Financial Armageddon dead ahead !

  • David Stockman: We Are Now Entering The Terminal Phase Of The Global Financial System That Will End In Total Collapse!
    Today David Stockman, the man President Ronald Reagan called upon along with Dr. Paul Craig Roberts to help save the United States from disaster in 1981, warned King World News that we are now entering the “terminal phase” of the global financial system that will end in total collapse.

    Eric King:  “David, I wanted to get your thoughts on gold in the midst of this big deflation you think is in front of us.  When you look at the collapse of 2008 – 2009, gold was one of the best performing asset classes.  Gold went down but it went down much less relative to virtually everything else.  Contrast that to 1973 – 1974, where we had a 47 percent stock market collapse.  But during that time we had skyrocketing gold and silver.  What’s in front of us because it looks like gold and silver may be ending a 4 year bear market and ready for a 1973 – 1974-style up-move?”

    David Stockman: 
    “Yes.  I think the two periods are quite different.  Although at the bottom it’s central bank errors that underlie each.  But remember that in the 1970s we had just finally exited a semi-stable Bretton Woods Gold Exchange Standard system.  There still was, at the end of the day, an anchor on the central banks that was thrown overboard by Nixon in 1971….

    read more.


May 16, 2015 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Gold & Silver Breakout – Set Up For An Explosive Summer?

  • Gold & Silver Breakout- Set Up For An Explosive Summer?
    With gold & silver finally putting in a big week to the upside, The Doc & Eric Dubin broke down all the action, discussing:

    * Breakout– gold & silver close big week at their highs
    * Surge to Weekly Close ABOVE respective 200 DMAs of $1221 and $17.20– Set up for an EXPLOSIVE Summer?
    * Dollar rolling over- USDX looks ready to head to 90
    * Physical Update: Big Money enters/returns to silver market with a JOLT
    * GREXIT- Greece to join BRICS? 

    read more.


May 16, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

On The Verge Of Systemic Breakdown?


  • “Make no mistake about it, we are indeed “fairly close to systemic breakdown” and this is the reason the Government/Pentagon has been tightening down its regimen and training for the control of mass civil unrest when the collapse occurs – LINK.” – Quote
  • On The Verge Of Systemic Breakdown?
    I think we are fairly close to a systemic breakdown and if that occurs, the price changes in all asset classes are going to be extreme. Gold and silver bullion and their respective equities are arguably the cheapest assets on the planet today and remain historic safe havens even if most of the morons in our society fail to realize that fact at the present time. I have always found that buying undervalued, under-owned and, most assuredly, under-loved quality assets to have been a sound strategy. The fact that we are at historic extremes in everything today just reinforces that opinion. I may be underestimating the opposition but I think they are in deep trouble. I would much rather be playing our hand rather than theirs at this moment.  – an email to me from John Embry

    Since the de facto collapse of the U.S. financial system in 2008 – accompanied by the Taxpayer bailout of the Too Big To Fail Banks – the Federal Reserve and the U.S. Government have been throwing trillions at the system in order to keep the system from collapsing again.

    Please note:  the underlying system problems have never been addressed.  Rather, they’ve been medicated with $3.6 trillion in money printing and a $7.5 trillion increase (70%) in Treasury debt since then of 2008.

    The markets are beginning to show the stress from 6 years of Fed and Government intervention (Govt = the Treasury’s Working Group On Financial Markets).   The central planners have created a catastrophic degree of moral hazard by removing all downside risk from the paper asset markets.  This in turn has created the biggest stock and bond market bubbles in the history of the known universe.

    But yesterday Zerohedge published an article which shed some light on just how dangerous the stock and bond markets have become.   The article revealed that several of the largest fund management companies have lined up bank credit lines as an attempted means of creating the liquidity that will be needed when the inevitable investor exit from these catastrophically rigged markets commences:

    read more.


May 16, 2015 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment


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