Socio-Economics History Blog

Socio-Economics & History Commentary

John Rubino: Elite Terrified of 1930’s Depression or Weimar Hyperinflation

  • John Rubino: Elite Terrified of 1930’s Depression or Weimar Hyperinflation
    by Greg Hunter’s USAWatchdog.com 
    Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion. That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for. If a private sector company had finances like that, they would be insolvent, and their accountants would force them to say that.”You can tell the same story for cities, states and countries around the world swimming in unrepayable debt. So, what will be done when bond defaults and financial failures begin? Will Trump let it go like the failed debt of Puerto Rico or have massive bailouts? Rubino says, “It’s possible that Trump will teach that lesson to the system, but I think the numbers are so big now the risk of a 1930’s style depression, or a Weimar Germany hyperinflation, is so great these guys are going to be terrified of anything that seems to be destabilizing. The pressure on whoever is in charge of the central bank or federal government is going to be to try to nip crises in the bud before they can really get going when you don’t know what is going to happen. For instance, New York City goes bankrupt, and that pulls down Chicago, and then that pulls down California. What does that mean? Nobody knows, and nobody wants to find out.”


    Rubino contends massive bailouts will explode in the next economic downturn, and they will have grave consequences for interest rates and the U.S. dollar. Rubino says, “They would say, hey, here’s $5 trillion to bail out states and localities across the country. People will see that and will worry about what that means for the value of the dollar. So, they sell dollars, and not just here, but all around the world. The dollar starts to fall, and interest rates start to go up. If the dollar is tanking, who wants to lend money to the federal government that is going to be paid back in a depreciating currency? So, our interest rates go up. That causes our interest costs to go through the roof and forces the government to borrow even more. . . . At some point, the whole thing blows up. There is a number out there when all this will happen. . . . So, the question is what is that number, and when do we hit it? . . . . The concept of fiat currencies will be called into question when all this happens. The dollar might lead this down or some other fiat currency might lead it down. . . .At some point, they will realize all the fiat currencies are basically in the same boat. . . . We can’t know the timing of this, but we can know what will do well when this happens, and that is gold and silver.”

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November 15, 2018 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

THE FUTURE OF GOLD: As Economic Patterns Shift. Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live 5 hours ago
    Link to Slides and Sources: https://www.itmtrading.com/blog/futur…
    Question 1. Niko: With all the current stock market volatility, I’m wondering if money market accounts are any safer of a position?
    Question 2. Nola S: How are collectible coins identified? Are these coins collectible: the $20 St. Gaudens, $10 Indian, $10 Liberty, & $1 Peace?
    Question 3. Kathleen D: explain the Exchange Stabilization Fund (ESF), it’s role in our economy as well as in relation to the Fed?
    Question 4. Richard W: If gold ownership is made illegal, what good is gold ownership as we probably won’t be able to find buyers?
    Question 5. Jason H: Let’s say I have 1oz of gold today given a spot price of $1,330 USD and I buy 380 loafs of bread @ $3.50 USD. Tomorrow comes and the entire world dumps fiat and goes back to gold & silver (or perhaps 100% PM backed fiat). Would this not result in a huge demand in gold thus increasing its value (or purchasing power) from say 380 loafs to 450?

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November 14, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?

  • Cambridge House International Inc. Published on Nov 2, 2018
    Is the return to a gold standard inevitable? Grant Williams, Senior Advisor at Vulpes Investment Mgmt, breaks down the history of the gold standard and the impact it will have on the future of world currency. This is a must-watch if you are reviewing your current investment portfolio.

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November 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

It’s Fraud & Theft, The Central Banks Get Special Set Of Laws To Steal Our Wealth: Mike Maloney

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

http://www.wnd.com/2008/03/59405/

Click on image for article.

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

Jim Willie: Bank Index Signals Bank Failures

  • Bank Index Signals Bank Failures
    by Jim Willie CB, GoldenJackass.com 
    A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total lie, since the recession which began in 2006 has repeated each and every year since then. The deception is derived from the wrong (under-stated) price inflation used in supposedly real adjustments to the Gross Domestic Product. The significant negative signal is of the sharp decline in the BKX bank sector stock index. But first, consider that in 2007 and early 2008 the significant negative signals were:

    * the sharp decline in the Fannie Mae stock price
    * the sharp rise in the Lehman Brothers credit default swap contract rate.

    The Fannie Mae (FNMA) stock had declined by over 90%, which almost always means imminent failure. It did fail. The Lehman CDSwap rate jumped 5-fold to 7-fold in a matter of months. Insiders always bail out first as they have access to better information. Lehman did not enter failure as much as it was killed. Both Goldman Sachs and JPMorgan bought huge swaths of Lehman bonds and never paid for them, forcing a liquidity shortage crisis which ended up killing the firm. Think of a plastic bag put over a bound victim’s head, as in murder. The Goldman Sachs second crime was receiving 100% payouts from their CDSwaps held by AIG, which was illegally killed off in order for GSachs to control its function. Other financial firms were given 65% payouts, and less. Such are events of the 2008 crime scene, which had a climax of the stolen $700 billion TARP Fund.

    The US Bank sector stock index, called BKX, has fallen in a dangerous manner. It had fallen by 18% from its March go-go highs, with a slight bounce in progress, surely short covering. It signals a dire event on the near-term horizon, even the trigger of a major financial crisis.
     For the past year, the Jackass has warned of a Systemic Lehman Event that will engulf the entire Western financial system, bonds and banks, since nothing was fixed in the last ten years. In fact, all the errors from the 2007 subprime mortgage bond crisis have been repeated. To put it best, the system has tripled down (like in blackjack at the casino) on all the subprime era mistakes. Next comes the bigger broader and much more powerful financial crisis. Thus my name has been given to the Systemic Lehman Event, since all these errors in credit abuse and monetary abuse have been applied across the entire spectrum of sovereign bonds, corporate bonds, and major stock indexes. The USTreasury Bond has become the poster boy in subprime bonds, with USFed monetization, $trillion deficits, and absent buyers. The abuse has extended to secondary nation banking systems and the entire gaggle of Emerging Market nations. The Western banks have been lending funds to the EM nations for debt service payments, in order to avert their US$9 trillion debt default. They will die like flies trapped in windows during the midsummer heat.


    read more.

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

‘Petrodollar’ Exposed: The Root of Special US-Saudi Relationship

  • RT America Published on Nov 1, 2018
    In a special segment, Anya Parampil speaks with In Question producer Kei Pritsker to examine the roots of the special relationship between Saudi Arabia and the United States. Kei explains how the alliance is based on Saudi’s ability to manipulate global oil markets through its petrol production, as well as the fact that Riyadh saved the US dollar following the collapse of the gold standard in 1971. Saudi’s decision to only accept the dollar for oil purchases in 1974 breathed new life into the US currency, the viability of which was in question following the Nixon Gold Shock.

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November 3, 2018 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , | Leave a comment

THE GLOBAL SLOWDOWN: What Could Speed It Up?

  • ITM Trading Streamed live 3 hours ago
    Between May and October global markets had diverged, with most headed down as the US markets headed up. This is certainly not the first time this has happened. Then as now, the US market dropped to meet up with the rest of the world’s market. And main stream media has all the excuses; a China slowdown, Italy spending and tax cutting in opposition to the EU, Saudi Arabia crimes against a journalist and, of course, Fed Chair Powell raising interest rates. All of this supposedly pushed US stocks into correction territory. But what is the real underlying threat? The real threat is to the bond market and its interconnected linkages. The real threat to the stock market is the debt market and the real threat of the all of the above issues is an explosion of debt that is too big to bail.

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November 2, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

THE DISAPPEARING ACT: No Buyers. No Market.

  • ITM Trading Streamed live 2 hours ago
    Link to Slides and Sources: https://www.itmtrading.com/blog/disap…
    YOU cannot sell your holdings unless there are buyers for what you want to sell and wall street buyers of stocks and bonds has declined by, roughly 70% since 2008. But as fiat product buyers have declined, physical gold and silver buyers have expanded. Of course, there is always a constant base between jewelry, industrial, investment and official holdings. But those same central bankers that were major sellers of gold, have become major buyers. Gold ETFs are a new wall street product begun in 2004 and Mint demand has exploded as well. Where would you rather hold wealth? In intangible fiat products with a diminishing buyer base that is only interested in profits or real physical gold and silver with a solid basic demand base that is growing as rapidly as market fragility?

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

World Dumping US Debt & Hoarding Gold: De-Dollarization Explained

  • RT America Published on Oct 30, 2018
    In a special extended segment, Anya Parampil is joined by In Question producer Kei Pritsker, who explains why Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.

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

Lynette Zang & Dustin Nemos on October, Markets, Economic Doomsday Clock, and What You Can Do Now.

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

ROGUE MORNINGS: Troops At The Border, Massive US Debt & Dollar Death March

October 31, 2018 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Leave a comment

It Has Already Begun, We Knew This Day Would Come: Bill Ottman

October 31, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

THE BOTTOM FELL OUT: Market Support Just Crumbled

  • ITM Trading Streamed live on Oct 25, 2018
    We’ve been watching quite a few pattern shifts over the last year or so. These were warning us that a market breakdown was in the works. Over the last few weeks, it’s become more apparent as most stock market indexes are below the beginning of the year levels. We got that warning on October 3rd when interest rates broke out to the upside and now US stock markets have broken to the downside. But it’s not just that they’re lower than they were at the beginning of the year, they’ve broken below the 200-day moving average, a key technical level that has not been pervasively breached since 2016. For me, this is an ominous sign.

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October 30, 2018 Posted by | Economics | , , , , , , , | Leave a comment

ROGUE NEWS Special Guest – Jim Willie

October 27, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Central Banks Are Frightened Right Now Of 1929 Narrative Shift: Bob Kudla

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