Socio-Economics History Blog

Socio-Economics & History Commentary

The Central Banks Are Now Preparing For The Financial Crisis

  • X22Report Published on Nov 17, 2017
    After Jamie Dimon slammed bitcoin for being a money laundering tool, JP Morgan has been busted for money laundering. Is online sales pushing the brick and mortar stores over the edge? Wall Street responds to the brick and mortar meltdown, WS creates and ETF that if b&m retail declines you make money. Empty retail space in Manhattan is growing, the rent is outrageous. Another step forward for sound money, Texas opens its gold reserve. The central banks are changing the way they do business and they are preparing for the financial crisis.

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November 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Jim Willie: Entire Western System Infected with Satanism. End of Petrodollar

  • INTERVIEW WITH PLANE TRUTH OF TIME MONK RADIO
    by http://goldenjackass.com/main5.html
    November 17th:  topics covered include the Global Paradigm Shift of financial insolvency and debt saturation in the West versus the infra-structure development and non-USD platforms in the East, the three global breakdown elements 1) crumbling Petro-Dollar with diverse ramifications, 2) failing banking system propped by QE hyper inflation, 3) development of Eurasian Trade Zone with One Belt One Road as massive diversion from the USDollar Sphere, the retirement of the Petro-Dollar that leads to quickening of events in the financial structures and geopolitical framework, the slipped power of the USMilitary with vulnerable Aegis system, the US/ Western political factions at work with President Trump versus the Fascist NeoCons, the rise of the Dual Universe (USD vs RMB) to be tolerated by the USGovt finally, the return of German trade ventures with Russia, the potential for European Union breakup with focus on Italy and France, the gold price suppression to crash up against the Gold Trade Note.

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November 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: Gold Will Explode & Dollar Wiped Out. Mother of All Bubbles Too Big to Pop

  • Peter Schiff: Gold Will Explode & Dollar Wiped Out. Mother of All Bubbles Too Big to Pop
    by Greg Hunter’s USAWatchdog.com 
    Money manager Peter Schiff correctly predicted the financial meltdown in 2008. Now, 10 years later, what does Schiff see today?  Schiff says, “I predicted a lot more than just the stock market going down back then.  I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed.  The real crash I wrote about in my most recent book is still coming. . . . This is the third gigantic bubble that the Fed has inflated, and when this one pops, it’s not going to be ‘the third time is a charm.’  It’s going to be ‘three strikes and you’re out.’  I think this bubble is too big to pop.  I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we can’t kick the can down the road anymore.”


    This time, the crisis is going to hit everyone in the wallet. Schiff goes on to say, “I think the problem we are going to be confronted with is going to be much worse than a financial crisis.  It is going to be a dollar crisis, and it is going to be a sovereign debt crisis where the bonds people are worried about are not some sub-prime mortgages. . . . It’s going to be the U.S. government that people are worried about and the solvency of the U.S. government and the Treasury bonds.  If it’s a dollar crisis and people are worried about the dollar, the only thing worse than owning a dollar today is owning the promise of being paid in dollars in the future.  I don’t think we have the courage to default and admit to our creditors that we don’t have the money and we can’t repay.  I think we will create all the money that we need so we can pretend to repay, but what we end up doing is wiping out the debt with inflation.”

    So, how long can it go on? Schiff says, “How high can the debt go?  I don’t know and you don’t know. . . .How many straws can you put on a camel’s back?  You don’t know until you put that final straw that’s one too many and you break his back.  So, can we go to $25 trillion in debt?  Maybe.  At some point, we are going to break the back of the camel with all this debt.  Then we are going to find out how much debt we can pile on, and it’s not going to be pretty.  Everybody is going to lose.  Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market.  The dollar is going to tank, and purchasing power is going to get wiped out.”

    read more.

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November 16, 2017 Posted by | Economics | , , , , , , , , , , , | Leave a comment

ALERT: $21 Trillion Missing | Rob Kirby

  • SilverDoctors Published on Nov 13, 2017
    Rob Kirby tells Silver Doctors $21 trillion is missing from mainly the U.S. Department of Defense. Where has this money gone? No one knows. Kirby says this makes a “sham” out of the Federal Reserve’s reporting about monetary aggregates. Also in this interview: – Precious metal-backed cryptocurrencies could end gold and silver price manipulation. – China’s political power will increase as they accumulate more gold. – What could trigger hyperinflation in America? – How do you sleep at night?

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November 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Something Nasty this Way Comes | Lynette Zang

  • Reluctant Preppers Published on Nov 9, 2017
    Are you bombarded by daily reports of the stock market hitting record highs, and the Fed promising to stop propping up stocks, real estate, and bonds? Ever wonder if now is finally the time to throw caution to the wind, get off the sidelines, and jump onto the profit wave to reap some those tempting & seemingly unstoppable gains you may have been missing out on? Or maybe you sense it’s almost the end of the party, and are concerned that the skyrocketing debt and teetering banks mean it’s really time to not be the last one to the exits! Lynette Zang, chief Market Analyst at ITM Trading, returns to Reluctant Preppers to lay out the clear and present dangers, based on the government’s own data. Zang spells out a new and striking pattern-shift that may indeed be the early warning signal of the coming collapse.

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November 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Saudi Straw That Broke the Petro Dollar’s Back

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November 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Chinese Yuan-RMB to Threaten Dollar Dominance | Jim Willie (Part 2)

  • SilverDoctors Published on Nov 9, 2017
    The U.S. won’t be able to stop the Chinese Yuan from replacing the Dollar in trade payments the East.
https://www.rt.com/op-edge/408006-china-oil-petro-yuan-russia/

Click on image for article.

https://www.rt.com/business/407789-us-petro-dollar-yuan/

Click on image for article.

https://www.rt.com/business/406373-china-saudi-arabia-yuan-oil/

Click on image for article.

https://www.rt.com/business/403465-dollar-end-china-crude-rogers/

Click on image for article.

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

Click on image for article.

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November 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie Reveals: PETRODOLLAR’S DEMISE

  • FinanceAndLiberty.com Published on Nov 8, 2017
    Dr. Jim Willie tells Silver Doctors it’s just a matter of time before the Dollar vanishes. Willie also discusses cryptocurrencies. Bitcoin isn’t the big winner though. He says asset-backed cryptocurrencies will be the big winners.

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November 10, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

“The Dollar is Finished” | Jim Willie (Part 1)

  • Jim Willie Says They Made It An Oil-For-Gold Contract For A Very Specific Reason
    by https://www.silverdoctors.com/
    Dr. Willie tells Silver Doctors that the West has no idea of the murders, fraud and theft committed by the U.S. to prevent the roll-out. Here’s more…

    Jim Willie of Golden Jackass joins Silver Doctors to discuss the latest happenings with the oil for gold-backed yuan contract.

    Dr Willie says he admires the likes of Hugo Salinas Price and doesn’t quite know what to make of it when Hugo says to think about the fact that China is not going to be the one supplying all of that gold. It’s quite possible the gold will come from the West in general, and London in specific.

    Jim Willie is not sure but he says there is much speculation about all of this and the details are only coming out bit by bit. Willie also discusses cryptocurrencies. Bitcoin isn’t the big winner though. He says asset-backed cryptocurrencies will be even more profitable than Bitcoin. This is Part I of the interview. Tune in for a timely update and stay tuned for Part II when it comes out.

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November 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Global Crackdown Meets Crack Up Boom — Rob Kirby

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November 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Cryptocurrency Is Going To Push The Fiat Money System Over A Cliff: Rob Kirby

November 6, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

The Cabal And The Dollar Will Be Coming Down All At A Once: V & CJ

November 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: $10,000 Gold Price Call Is Conservative Because It Could Easily Be $40,000

  • Jim Rickards: $10,000 Gold Price Call Is Conservative Because It Could Easily Be $40,000
    by https://www.silverdoctors.com/
    Jim says there’s nothing special about the math. All it takes is a panic, a reset, or a combination of both to get to his $10,000 rather quickly. Here’s why…

    Jim Rickards on the show Ask The Expert 
    In this latest Ask The Expert, Jim puts his $.02 on a number of questions including:

    1. President Trump will soon be appointing a new chairperson for the Fed. Who will that person be?
    2. If you were chosen as next Fed Chair, what would be your inflation target and what other policies would you pursue?
    3. What is the current global ratio of paper to physical gold and what do you make of China’s inroads in New York and London?
    4. You’ve often stated that gold is headed to $10,000 per ounce. Would that be an overnight price reset or determined by market action?
    5. Would a $10,000 gold price destroy the bullion banks and bring about another financial crisis?

    Those are just some of the questions on this month’s Ask The Expert.

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October 24, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

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