Socio-Economics History Blog

Socio-Economics & History Commentary

The FedRes Has Its Finger On The Button Of A Nuclear Debt Bomb

  • The Fed Has Its Finger On The Button Of A Nuclear Debt Bomb
    by Brandon Smith,
    I hear a lot of talk lately in the alternative media (and even the mainstream media) of the potential for World War III. The general assumption when one hears that term is that “nuclear conflict” is imminent. But a world war does not necessarily have to be fought with nukes. For example, we are perhaps already witnessing the first shots fired in a global economic war as the Trump administration gets ready to implement far-reaching trade tariffs. This action might provide cover (or justification) for destructive attacks on the U.S. fiscal system by China, Japan, Russia, the EU, OPEC nations, etc. The ultimate attack being a dumping of their U.S. debt holdings and the death of the dollar’s world reserve status.

    Of course, an economic “world war” between nations would in itself be a smokescreen for and an even more insidious internal war being waged against the global economy by central banks.

    There is a longstanding misconception that central banks always manipulate economic conditions to make them appear “healthy” and that the main concern of central bankers is to “defend the golden goose.” This is false. According to the evidence at hand as well as open admissions by central bankers, these private institutions have throughout history also deliberately created financial crises and collapses.

    The question I always get from people new to the field of alternative economics is — “Why would central bankers crash a system they benefit from?” This question is drawn from a flawed understanding of the situation.

    First, there is the assumption that economic systems are static rather than fluid. In reality, vast sums of wealth can be transferred into and out of any notion on a whim and at the speed of light. The collapse of one economy or multiple economies does not necessarily include the destruction of banker wealth. Even if wealth was their top goal (which it is not), global banks and central banks do not see any particular economy as a “cash cow” or a “golden goose.” From their behavior and tactics in the past, it is more likely that they see national economies as mere storage containers.

    Banks can pour their wealth, which they create from thin air, into one or more of these many available containers. They can circulate that wealth within the container for a time and then pour all their wealth out at a moment’s notice. One container is no more valuable to them than any other container, and sometimes sacrificing a container can be beneficial.

    The perceived destruction of a national economy can often be exploited as a means to a greater end. Usually this “greater end” means exploiting the crisis to justify centralization of power or the transfer of power from the public into the hands of an elitist class.

    read more.


March 17, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Lynette Zang Doubles Down: Listen To The IMF & Central Banks Because There WILL BE A Monetary Reset

  • Lynette Zang Doubles Down: Listen To The IMF & Central Banks Because There WILL BE A Monetary Reset
    Lynette Zang says if we just listen to and watch the central banks then we can understand what’s coming to the global financial system. Here’s more… Lynette Zang of ITM Trading. Eric sources questions from Lynette’s viewers and Lynette responds with organic and unrehearsed answers:

    Question 1. Dennis S: Can you give us what percentage of our assets we should hold in gold? It is costly to take money out of our IRA’s, are you saying we will lose it anyway and are you suggesting to take all of our retirement and convert to gold.  Or are there other ways to diversify retirement that would protect it during and after a crash or intense down turn?

    Question 2. 
    Boyd A: Dr. Stephen Leeb observes that the Chinese appear to have pegged the Chinese Yuan to Gold for the last 8-12 months ( Does this mean on March 26, 2018 when the petro yuan is launched that we can consider the yuan is pegged to oil, and oil pegged to gold?  Should we expect a drop in the US Dollar (and rise in gold) following the launch, or will this have no or little effect for years to come?

    Question 3. 
    Eric Mcvey3: You say not the best to own gold ETFs? I have moved most of my IRA into gold based positions? You can’t own physical gold through your IRA as far as I know.

    Question 4. 
    Ben L: I buy MS70 silver eagles. Are those considered numismatics and will they be protected from future confiscations?

    Question 5. 
    Walter B: My gut knows there will be a reset but my brain refuses to believe. Why?


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

Russia & China Just Signalled The World That It’s Ready To Move Away From The Dollar: Bill Holter

March 15, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: Deep State Could Pull Plug on Markets. Deep State Unpredictable Get Gold & Silver

  • David Morgan: Deep State Could Pull Plug on Markets. Deep State Unpredictable Get Gold & Silver
    by Greg Hunter’s
    Precious metals expert David Morgan says the prolonged sideways price of silver is what bottoms look like in the precious metals market. Morgan explains, “This market has not moved for a very long time . . . Silver bottomed in December of 2015, and, yes, we have gone up and down and up and down, but the overall lows have been higher lows, which is the definition of an uptrend.  Silver and gold have started a subtle uptrend from the bottom in 2015, but it certainly has been slow and tedious and back and forth.  I coined a phase, ‘silver will either scare you out or wear you out.’  We are in the wear-you-out phase.  A lot of people who were believers at one time have become non-believers.  The markets have worn them out, and they have moved on to something else.” In the bond market, Morgan fears low interest rates spell danger. Morgan says, “The most important commodity in the world is oil, but the most important financial asset is the U.S. Treasury market . . . this is key, and what is so unbelievable if you think about it, the one asset class that is supposed to be the safest is the  U.S. Treasury market, and it’s the least safest.  Something that is supposed to be unsafe like silver and gold are the safest.  The Treasury market does not have several thousand years of history of being money.  All fiat currencies have failed in the long run. . . . The dollar has lost 98% of its buying power since 1913, and the Fed is supposed to have a stable currency policy.  Well, they have failed miserably.”

    On the success of President Trump and the ongoing war with the so-called “Deep State,” Morgan contends, “If the “Deep State” gets pushed into a corner much further, they can basically pull the plug. That means the stock market could come tumbling down, and then they could blame the Trump Administration. . . . If you are losing the chess game, you just get up and turn the table over and the pieces go flying everywhere.  That is a metaphor for a war.  That’s a metaphor for crashing the stock market.  That’s a metaphor for crashing the bond market, and it’s a metaphor for it happening on its own.  I am concerned that if you win, you lose.  This is why the unraveling is being done extremely carefully. . . . I am not saying it is going to happen.  I am saying it could happen.  These people are so used to winning a rigged game, if they start being caught, and they have been caught, then they are going to do things that are not necessarily predictable.  They are not going to act in a rational manner.  They are going to do anything possible to protect themselves.  You cannot rule out the possibility that they will turn the table over and that’s it.”

    This, along with many other reasons, is why Morgan says, “You have to have physical gold and silver in your portfolio to be truly diversified and protected.”


March 14, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Jim Willie: A Default Is Coming Because They Are OUT OF GOLD In London

  • Jim Willie: A Default Is Coming Because They Are OUT OF GOLD In London
    Jim says London is importing gold because they have none, and soon, the ‘Oil-Yuan-Gold Triangle’ will cause a major default. Here’s more…

    Editor’s Note: Our gold trade notedeath of the petro-dollarUS dollar collapse, and petroyuan pages are just a few of our pages with more information about the unfolding rise of the petroyuan and death of King Dollar. Be sure to explore those pages for more information related to the current global debt-based fiat currency system.
    Jim Willie interviewed on Future Money Trends :
    Jim Willie of shares his predictions for 2018, Jim’s predictions cover what we can expect for bonds, gold and the US Dollar and much more. TOPICS IN THIS INTERVIEW:

    * Jim Willie’s predictions for 2018
    * Death blow of the US Dollar
    * What happens to Gold and Silver
    * The transition and adjustment of world reserve currencies
    * Gold suppression and rise in the Swiss currency
    * Is Bitcoin a solution to the economic problems?


March 13, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

The Threat & Movement Are Real, The BIS, IMF, ECB, FedRes Are Scrambling: Dan Reitzik

March 12, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Catherine Austin Fitts: We Are Financing What is Killing Us. America’s Pensions Are Being Drained by the Federal Government and Deep State

  • Federal Government is a Money Laundering Operation – Catherine Austin Fitts
    by Greg Hunter’s 
    Financial expert and investment advisor Catherine Austin Fitts contends the Federal Government allows pension funds to be robbed. Fitts explains, “Our pension funds have real money.  Those pension funds basically finance the government and what the government is doing.  So, they buy Treasury securities, and then the government turns around and gives that money to the black budget firms.  It goes down the rabbit hole, and, meantime, what we get back in our pensions is an IOU from the government, which now we owe ourselves.  We are giving up real money, and what we are getting is an IOU from ourselves back.  If you step back and look at it at the highest level, it is a huge money laundering scheme.”

    And if you think because you don’t have a pension that this problem does not apply to you, then think again. Fitts says, “The liability that can come back and bite you is enormous.  This is going to roll back and bite you one way or another as a taxpayer, whether federal, state or local.  The other thing is if your parents show up at your door with their pension funds cut and say, ‘Hey, can we live with you?  What are you going to say?  No, you can’t come in?’  You are talking about something that can cut incomes all over your network of friends and family and that will also affect you.  So, this is going to affect you one way or another.”

    On President Donald Trump, Fitts says he’s not going away. Fitts points out, “Clearly, purges are happening, and this looks like a major purge is on the way.  We don’t know what it means yet.  I will say this, it seems to me Trump’s position is stronger  . . . and one of the reasons it’s strengthening is if you look at the promises he’s made, he’s doing quite an extraordinary job given the difficulties on delivering on many of those promises.  The challenge is the way he talks and the way he communicates is not presidential. . . . The question in the 2018 election is how’s he going to do?  You need Republicans to pull together. . . . Now that he’s engineered the tax reform and the repatriation of cash, the economy should be relatively strong in the military and corporate sectors. . . . But you still have the middle class getting squeezed.”

    read more.


March 9, 2018 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Leave a comment

The Fed And The Government Clash On Policy, This Won’t End Well: Lior Gantz

March 8, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Jamie Carrasco: A Monetary Shift is Underway that will Kill the Dollar

  • Palisade Radio Published on Mar 3, 2018
    Jamie has a financial background in Canada as a credit analyst; this gives him a good understanding of the credit cycle and economics. He likes looking at the finances of the world from a geopolitical perspective. He says, “The Chinese use two symbols for danger, one signifies danger and the other can indicate wealth. We are on the cusp of some massive changes and the birth of a new system.” The petrodollar is the glue of the current monetary system which goes back to 1971 when the dollar was unpegged from gold.

    There was a massive destabilization period that followed this change. The petrodollar is based on getting OPEC and the Saudis to price oil in dollars. It pegged the monetary system into a credit cycle which has built from that point forward. The world needed dollars, so they started to buy U.S. debt. China and other nations are increasingly moving away from the dollar. They are creating their own systems such as the Petro-Yuan.

    This credit cycle will become unwound as various countries stop using petrodollar debt. In essence, the mechanics of the change are already in place. At some point soon they will lose control of the interest rate cycle. Central banks have control the overnight rate, but the buyers ultimately control the longer-term bonds. Once power is lost there will be a rapid compounding effect of stagflation. The bottom line will be higher costs of living and there will be a transfer of assets to hard assets like commodities.

    Central banks are manipulating every market and inflation is showing up in the stock market. If gold was keeping up it should be much higher. As interest rates rise all markets will be forced to find their true value. He thinks that blockchain technology is a most disruptive invention which will adversely affect the financial industry.


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

China’s Holdings of U.S. Debt Down 10%

  • China’s Holdings of U.S. Debt Down 10%
    by Terence P. Jeffrey ,
    ( – Chinese holdings of U.S. Treasury securities are 10.0 percent below their peak level which was attained in November 2013, according to data published by the U.S. Treasury. U.S. government debt held by entities in the People’s Republic of China peaked at $1,316,700,000,000 in November 2013, according to the Treasury.

    At that time, the total debt of the federal government was $17,217,151,645,105.86. That debt included both $4,936,025,387,118.78 in “intragovernmental debt,” which is money the Treasury has borrowed out of federal trust funds (such as the Social Security trust funds); and $12,281,126,257,987.08 in debt held by the public, which includes marketable U.S. Treasury securities such as Treasury bills, notes and bonds.

    Between November 2013 and December 2017 (the latest date for which the data is available), Chinese holdings of U.S. Treasury securities dropped from their peak of $1,316,700,000,000 to $1,184,900,000,000—a decline of $131,800,000,000 or 10 percent.

    read more.


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

Top Silver Expert Predicts $500 Silver

  • Published on Mar 4, 2018
    Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver. Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver. As for the short term, Morgan sees gold and silver moving higher within the next few months. Silver backed cryptocurrency mentioned in the interview:


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

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

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

Gregory Mannarino: FedRes Already Lost Control of Markets

  • Gregory Mannarino: FedRes Already Lost Control of Markets
    by Greg Hunter’s (Early Sunday Release)
    Professional trader Gregory Mannarino says the new Fed Head, Jerome Powell, caused the market to sell off last week, not Trump tariff talk. Powell blurted out in Congressional testimony that the “U.S. is not on a sustainable fiscal path.”  Mannarino explains the truth bomb Chairman Powell dropped, “I think this guy was nervous.  I think he’s getting shook up here.  I think the weight of his position is weighing on him a little too much, and that is what sparked the sell-off.  It wasn’t the tariffs.  This was Powell, and the markets are saying that this guy really might not have our backs as much as Yellen did.”

    So, is the Federal Reserve losing control of the markets? Mannarino contends, “It’s worse than that.  They have already lost control.  If they were in control, would they still be buying bonds like they are?  Would they still be trying to ‘get it right’?  They cannot unwind this in a normal way.  They have created a system of bubbles, and they are well aware of this.  These things tend to collapse very violently when they do.  If the Federal Reserve or any of these central banks were in control, do you think we would be in the situation we are in right now?  Absolutely not. All they have done is liquefy the world with debt and buy everything they can to keep this propped up.  This is not control.  This is some kind of a Frankenstein they have created by trying to prop everything up. . . . This is a corpse here that is on life support, and that is all it is.  There is going to be a terrible moment of reckoning.  Inflation, forget about it.  Of course, there is going to be massive inflation.  They can’t stop it.  . . . They are in a lot of trouble here.  Of course, they are going to lose control.  Let’s say we start getting some real inflation and they start hiking and hiking rates super-fast.  What’s that going to do?  Bam, there goes your debt bubble, and then we’re done.  Back to the Stone Age.  Stock market 6,000 will probably seem like a dream come true because it might even go lower than that. . . . They are going to run this until they hit the wall.  When is that going to be?  I don’t know . . . .  I think they are going to keep this propped up until at least the mid-term election.  The stock market is going to continue to go up.  The distortions are going to get worse and probably much worse until we get a correction to fair value.”

    read more.


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

What If China Sold Trillions In U.S. Debt? Bond Market Turmoil Sparks Fear of MASSIVE SELLOFF!

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

The Economy Is Failing, Cryptocurrencies Are A Threat To The Central Banking System: Jeff Berwick

March 3, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment