Socio-Economics History Blog

Socio-Economics & History Commentary

The World Prepares As The Dollar Is Pushed To The Side

  • X22Report Published on May 20, 2018
    Countries are now preparing themselves, they have recalled their gold in preparation of dumping the dollar. The petro-yuan is now gaining ground, within a short few weeks it has 12% of the market, the people drive what comes next, when countries add the petro-yuan and dump the dollar this will change everything and it will happen very quickly.

end

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

Martin Armstrong: Rates are Going to Jump to 10% Instantaneously

  • Martin Armstrong: Rates are Going to Jump to 10% Instantaneously
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Near the end of last year, legendary financial and geopolitical analyst Martin Armstrong said the Trump tax cuts were going to be a very positive move for the U.S economy. He was right. What does he say now about the U.S. dollar? Armstrong predicts, “They keep talking about the U.S. debt is $20 trillion. Global sovereign debt is over $200 trillion. The U.S. basically is holding up the whole world, and U.S. debt is why it is the reserve currency. Europe couldn’t make it because they could never consolidate the debt. . . . What you have is a crisis that has been building in emerging markets to sell their debt they issued in dollars. The dollar going up is what breaks the back of the world monetary system. . . . The world monetary system is going to do great if the dollar goes down. Everybody is going to be borrowing more and say this is fantastic. It’s only when the dollar goes up that we get things that break. . . . The U.S. always wants the dollar down, but it’s not going to work that way. . . . The dollar is probably going to go up pretty strong until late 2021 at the latest. . . . The whole thing is going to break. The Federal Reserve has become the central bank of the world by default.”

    So, where does Armstrong see big trouble brewing? Look no further than the bond market. Armstrong explains, “The bond market is going down. . . . We’ve already started into it. . . .You have to understand both Japan and Europe have destroyed their bond markets. They have completely and utterly destroyed them. They are the buyers. That’s it. There is no pension fund that can buy 10-year paper at 1.3% when they need 8% to break even. They are locking in a 10 year loss. They can’t do it. We have been helping major funds shift into equities because it is the only place they can go. . . . Once you start seeing the cracks in Europe, you are going to see interest rates rise faster than you have ever contemplated in your life. There is nobody in their right mind that can buy an Italian bond at 1.3%. It’s just not going to happen. Once the ECB is forced to stop, those rates are going to jump to 10% instantaneously. Once it starts to crack, that’s it, it’s gone. What is going to make everyone know it is cracking is when you see rates going up dramatically, and the ECB is at a point it just can’t buy any more.”

    Armstrong does not see a big War in the near term, but one is brewing in the Middle East. What Armstrong does see right now is “increasing civil unrest.”

    On gold, Armstrong sees the yellow metal “fighting a stronger dollar” but predicts it will have its day sometime after 2020 to 2021.

end

May 21, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

The Global Reset Is Necessary To Cut The BLEEP Off The Banking Machine Starting With Goldman Sachs

  • The Global Reset Is Necessary To Cut The BLEEP Off The Banking Machine Starting With Goldman Sachs
    by https://www.silverdoctors.com/
    Robert David Steele explains the global reset including the close coordination between Putin, Trump, and Xi to make it happen… Robert David Steele interviewed by Sarah Westall:

    Robert David Steele rejoins the program to share his thoughts on Trump’s global geopolitical strategy. Many of us are perplexed by Trump’s actions internationally and this episode we explore some of the actions by Trump and his possibly strategy and ultimate goals. In particular, we discuss the unification of the Koreas, the global economic reset, and the endless wars in the Middle East. We also discuss the ongoing chaos in the United States and the International Natural Justice Tribunal (INTJ) and the significant progress being made on combating child and organ trafficking.

end

May 19, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | 1 Comment

Use Logic, The Deal, We Are At The End Of The Economic Cycle: Charles Hugh Smith

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

Bill Holter: Prepare For A Weekend Shocker And A 95% Stock Market Crash In Terms Of Gold

  • Bill Holter: Prepare For A Weekend Shocker And A 95% Stock Market Crash In Terms Of Gold
    by https://www.silverdoctors.com/
    Bill Holter provides a timely update on the coming financial system meltdown and credit crisis. Here’s the details… Bill Holter interviewed on Portfolio Wealth Group:

    Bill pulls no punches in this must listen, hard hitting interview.
    Bill is estimating a drop in the stock market of 40% to 50%, but as Bill puts it, if we’re talking about the drop in terms of gold, then Bill says we could be talking about an 80% to 95% drop.

    For the latest update on what to expect from the financial system which includes a credit crisis and a “mathematically certain” global hyperinflation, tune in to the interview in its entirety above.

end

May 11, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Michael Pento: Super Spike In Precious Metals Coming. Worldwide Depression Coming, Buy Gold

  • Michael Pento: Super Spike In Precious Metals Coming. Worldwide Depression Coming, Buy Gold
    by Greg Hunter’s USAWatchdog.com 
    Money manager Michael Pento says it’s not a matter of if the economy tanks, it’s only a matter of when. The next downturn is going to be the worst–ever.  Pento explains, “The mainstream financial media and most of Wall Street . . . will say that the increase of interest rates, the great deleveraging process has been consummated, and central banks can raise interest rates and then call it a “beautiful deleveraging,” a beautiful process.  That is a lie. . . . There is $240 trillion of global debt.  The bond bubble is bursting. . . . Why are emerging markets crumbling now?  It’s because the bond bubble is in the process of bursting.  As that bubble bursts, look for this chaos to metastasize across the globe.”


    Pento, who is also an economist, goes on to say, “I believe this will bring down real estate prices, equity market values and start currency chaos. Unfortunately, a worldwide depression is coming like we have never seen before because we have never before had so much debt sit on top of artificially depressed interest rates.  The hubris and arrogance of central banks to take that away, they are way too late in doing so, and they think they can do this with impunity.  They are dead wrong.  They (central banks) have always caused recessions.  We are heading into a global depression.  The question is what are central banks going to do about it this time?  The Federal Reserve does not have a Federal Funds Rate they can take to zero percent.  They don’t have a balance sheet that is $800 billion.  They have a balance sheet that is $4.3 trillion. . . . The steps that they are going to take after this depression, the powers that be, the Illuminati are pushing things like negative interest rates, universal basic income and helicopter money to re-inflate asset prices, which will be plunging from record high altitudes.”

    Pento says we will have “deflation” first and then “runaway inflation.” Pento says this means gold is the place to be for the foreseeable future.  Pento contends, “There is going to be a run on gold like we have never seen before.  There is going to be a super-spike in the precious metals. . . . These are unprecedented times coming, and you should take physical possession of your gold.  I like gold and I like silver, and I like platinum.  I most especially like gold though. . . . This is happening now.  The bond bubble is bursting.”

end

May 10, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Willie: Impact of US Trade Wars

Click on image to download MP3 interview.

  • Jim Willie: Impact of US Trade Wars
    by Ochelli Effect 5-4-2018  Jim Willie
    Friar’s Day Ochelli Effect begins with the force of a kicking Jackass Golden. Jim Willie, The editor in chief and founder of The Hat Trick Newsletter & GoldenJackass.com, explains the stupidity of a trade war via tariffs, quickly expresses what he sees happening in the headlines, and then tells us where the oil for dollars paradigm has gone to die. Russian bread for your turkey sandwich? Where have all the dollars gone? The Saudi Prince on his American tour seems to have been a shopping spree. What was he buying? We all know many Asian countries are big players in the game of cutting edge technology, but is Germany, the silent partner that counts? Is the United States Military industrial complex the most reliable customer for newer tech that isn’t consumer grade? Import tariffs impact war trades  Asian trade agreements going big. The bricks in some walls getting built. American treasury holdings are going home. We didn’t even mention the volcano in Hawaii. Who’s got time? Much like lava cracks the ground, Jim thinks cracks in the globalist stranglehold are showing. Do Italy and recent banking revolts mean anything? Was Macron a bad choice for the French-speaking part of the Cabal? Does Jim still think the S.C. swamp is slated to be drained? Who pays for the pipelines? Currency devaluation will be a regular adjustment device. Listen and learn. Then GET The Hat Trick Newsletter… http://goldenjackass.com/main5.html

end

May 8, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Forget About 2008, This Crash Is Going To Be Much Worse: Gregory Mannarino

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

Global Currency RESET Challenge: Ultimate Twist

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

  • Global RESET Challenge: Ultimate Twist
    by Jim Willie CB, GoldenJackass.com , via http://www.goldseek.com/
    The Global Currency RESET has 100 steps and the first 10-12 appear complete. This is not a fantasy, but very real and in progress. Its progress is not very visible to most observers. Some important steps are seeing tremendous progress, but they are executed in the East with very little press coverage by the insidious lapdog Western press networks. Review many of the RESET features, but in summary form. These are covered steadily in the Hat Trick Letter reports.

    LOST GLOBAL RESERVE STATUS
    USDollar will no longer have sole global currency reserve status. As central banks across the globe discharge (dump) a sizeable portion of their USTreasury Bond holdings, they will seek alternatives. They will choose Gold bullion and Chinese Govt Bonds more often, in addition perhaps to more Euro Bonds. The trend of USTBond dumping has been very noticeable for the last two years. It comes from both the intentional motivated reduction in USD-based FOREX holdings, but also from Indirect Exchange. The latter is a practice of using USTBonds for instance in large projects as cash payment from two parties, like with China and Russia in building an oil pipeline. In the aftermath, Gold will benefit with more physical demand for bank reserves in direct asset placements without counter-party risk.


    read more.

end

May 4, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Charles Nenner: Bloodbath Dow 5,000 Coming in 2020

  • Charles Nenner: Bloodbath Dow 5,000 Coming in 2020
    by Greg Hunter’s USAWatchdog.com
    Renowned geopolitical and financial cycle expert Charles Nenner says, “The mainstream media talking heads are telling you to buy, but never tell you to sell.” Nenner says the time to sell stocks is getting close and explains, “It’s just a hopeless situation. I feel sorry for people who invest their money. We have had a nice ride, but soon the whole thing will come tumbling down. They listen to all these things and have no clue on how to invest . . . . I think soon . . . this will become the longest expansion in financial history. . . . So, this could be the longest expansion ever, what are you playing with? You are gambling with nonsense. So, it’s over.


    Nenner goes on to say, “Then, you have the inflation story. The inflation story is brought about by people who don’t do their historical homework. They remember for the last 30 years, there was always inflation. So, they continue to talk about inflation. I proved that in most of the financial history that deflation is the norm. . . . They have talked about inflation for two years, and there is still no inflation. . . . Copper is going down. Crude is going down, and we have a deflation problem, not an inflation problem.”

    Nenner is predicting interest rates “are going down” and not up in the foreseeable future. Nenner is also calling for the stock market to go on a “downward slide through the year 2020.” Nenner says, “I can’t explain it, but the cycle topped, and the cycle is down until 2021.”

    How bad will it be? Nenner says, “Very bad. I called for Dow Jones 5,000, and I still call for Dow Jones 5,000. . . . It’s going to be a blood bath, but as I said the last time, in the 1990’s when the Dow was 5,000, the world still looked okay.”

    Is there a big debt reset coming? Nenner says, “The last time we were in this situation was when Roosevelt was President. It was very interesting because they paid off only 25% on the dollar because the inflation that came. Now, the problem is if you don’t have inflation, you still owe the whole amount of money. This is why they urgently need this inflation. So, the value of the money goes down, and you have to pay off less. There is no inflation. So, it is a big problem, but they can keep this going forever. I don’t think it’s a problem because countries can keep printing money as long as they want.”

    Then Nenner said, “I see the dollar becoming strong again.” Nenner is “dollar positive.” The other big cycle Nenner has been seeing is the so-called “war cycle.” Nenner says, “The next four or five years in this war cycle is very dangerous.” On gold and silver, Nenner is bullish, but “not until after this summer.”

end

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

At The Current Debt Level, The Reset Would Push Gold To $10,000 An Ounce: Keith Neumeyer

http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=10&fiidarticulo=281

Click on image for article.

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

Change Is Coming & The Central Banks Fear The Blockchain, This Will Be The Reset: V, Z & Cowboy

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

Lynette Zang: We’re About To Find Out Just How Long The Fuse Is

  • Lynette Zang: We’re About To Find Out Just How Long The Fuse Is
    by https://www.silverdoctors.com/
    Lynette says the fuse is lit, and when this thing blows, it can transmit a lot of pain, globally. Here’s a critical update on the coming economic explosion… by Lynette Zang of ITM Trading:

    (THE WICK) PATTERN SHIFT ALERT – 10 Year Treasury Yield Hit’s 3%
    Since mid-2016 interest rates have more than doubled, from a low about 1.37% to (at this writing) 3.03%. We must go back to 2014 to see that level. If this is indeed a breakout, the next most likely level would be 3.5%.

    (THE FUSE) Deutsche Bank
    The bank that can transmit that pain globally, according to the IMF, is Deutsche Bank has now had three years of losses. Most of 2017 losses were attributed to its derivative book which impacted their assets to the tune of 7%. This happened in a one way…up market. I wonder what’s happening now?

end

April 28, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: Gold To Spike By $100/Day Over Many Days In A Row

  • Peter Schiff: Gold To Spike By $100/Day Over Many Days In A Row
    by https://www.silverdoctors.com/
    Peter Schiff says once gold takes off, it’s going to be like “an invading army busting through the castle doors”. Here’s why… Peter Schiff interviewed by Mike Adams via Natural News:

    (Natural News) Mike Adams, the Health Ranger, launched his new “Counterthink” program on the Infowars network this week with an interview featuring financial expert Peter Schiff, who gave his  analysis of what’s currently happening in the stock market, where the dollar is headed, what’s in store for Bitcoin and what’s in store for American investors in the months ahead.

    Schiff said that currently, he believes Wall Street is experiencing a bit of a bear market he believes is liable to expand as the U.S. dollar — at its lowest in three decades — continues its slide, reflecting in higher oil, silver and gold prices.

    Asked what he would tell someone who is just now waking up to the reality that much of what passes for conventional wisdom in the financial sector is based on faulty assumptions and fake news, Schiff said, “the good news is, they can still get out.”

    “The markets are still close to their highs, and even though the dollar fell a lot in January, it fell from a very high level,” he said. “It’s still way over-valued. So you have time to get out of those assets, which would include stocks and bonds and get out of the dollar into a better portfolio of foreign stocks — not just indiscriminately but companies in the right countries with the right currencies and get some exposure to commodities, get some exposure to precious metals.”

    read more.

end

April 26, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset

  • Jim Willie: Trump Shocked The U.S. Has NO GOLD That We Desperately Need For The Global Reset
    by https://www.silverdoctors.com/
    Jim says we need gold to join the global reset, but the U.S. only has 8,000 tons Of gold-plated tungsten, and China isn’t selling. Here’s more… Jim Willie interviewed on Rogue Money. Jim Willie returns to Rogue Money for an important update on all the latest economic and geo-political happenings around the world. Topics in Jim’s latest interview include:

    * Fall of the U.S. Dollar / De-dollarization
    * The economic trade zone of China, Iran and Russia
    * CIPS – The competitor to SWIFT
    * Gold and the importance of gold in global trade
    * Oil and the Middle East
    * The launch of the Petroyuan and the inability of the West to control it
    * The Gold Trade Note to be used in international trade
    * A gold backed Chinese yuan
    * The geo-political importance of what is going on with Iran
    * Fort Knox gold theft by Bush, Clinton and Ruben
    * The importance of gold in the coming global reset

end

April 25, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment