Socio-Economics History Blog

Socio-Economics & History Commentary

Marc Faber: Central Banks Could End Up Owning Every Asset In a Country

  • Silver Bullion Published on Sep 18, 2018
    SBTV’s latest guest is Dr Marc Faber, editor of the Gloom, Boom & Doom Report. We discuss the signs showing that the US is an empire in decline and how the next financial crisis will impact asset owners. Despite the video difficulties in this episode, Dr. Faber doesn’t disappoint and delivers a great interview on various topics. We also asked Dr Faber what he would do to reverse the US trade deficit if he was the President of the US. Discussed in this interview:

    01:18 Do trade wars do any good?
    08:30 Even with free trade, how competitive is the U.S?
    11:46 How the U.S trade deficit could be reversed.
    15:24 Is the U.S an empire in decline?
    18:33 Will U.S Treasury holders dump U.S dollars?
    24:36 U.S dollar to lose its reserve currency status?
    29:23 How many more Fed rate hikes ahead?
    31:55 Silent socialism: Central bank could own all assets in a country.
    38:49 How the next crisis compares to the 2008 financial crisis?
    41:28 How can your wealth survive the next financial crisis?

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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September 21, 2018 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: “This Is The Last HOORAH!”, Prepare For Haircuts! Gold Will Be Priceless

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

Economist Predicts END OF U.S. EMPIRE

  • SilverDoctors Published on Sep 19, 2018
    Economist Jerry Robinson tells Silver Doctors we’re experiencing the end of an empire. America is falling. China has already become the largest economy in the world based on purchasing power parity. China has seen so much economic growth it has been argued there is more capitalism happening in China than the U.S. Trump announced $200 million in new tariffs. China is retaliating with tariffs against the U.S. But which country will win out in the long run? The U.S. is on a decline. History shows that empires come to an end, and the U.S. will be no different.

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September 21, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Faith In The Central Banks Economic System Erodes, Countries React

  • X22Report Published on Sep 19, 2018
    The central bankers pushed the idea that criminals use cryptocurrency, but we see time and time again that the banking system is being used for criminal activity, Danske bank caught laundering billions of dollars. The housing market continues to implode on itself, permits fall and it doesn’t look good for the upcoming winter months, when the Fed raises rates again the housing market decline will accelerate. Countries are not buying up treasuries, the US government, people and investments in America are now the holder of the majority of the treasury bonds.

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September 20, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Michael Pento: Inflationary Insolvency Will Make Gold and Silver Explode. Next Financial Meltdown FedRes Going All In

  • Michael Pento: Inflationary Insolvency Will Make Gold and Silver Explode. Next Financial Meltdown Fed Going All In
    by Greg Hunter’s USAWatchdog.com
    Money manager Michael Pento says the massive bubble blown by global central banks is “unraveling now.” Pento explains, “It is a fact, it is starting already. If you look at Chinese shares, if you look at all the emerging markets and if you look at commodity prices, the collapse is already starting. It starts here (in the U.S.) in the fall, and it really defuses around commodities and assets in general in 2019.”


    So, countries are going to default on debt? Pento says, “Yeah, but it might not be Argentina that defaults. It could be the entire world that defaults, but first, before that happens . . . the Fed is on record, and it says it made a lot of mistakes. One of the mistakes they say is it acted too slowly. Too slowly? The Fed was lowering rates in 2007. They took rates to 0% by 2008. They went very quickly. They are going to lower rates even faster next time. By the time the next disaster hits, they are only going to have 250 basis points, not 525. The Fed also said they are going to go into quantitative easing (money printing) much quicker and much faster. They did not rule out negative interest rates. In other words, the Fed says they are going to go all in immediately at the first sign that things have gone bad. So, the first time they understand we are headed for the next global meltdown, boom–all in right away . . . . They also said another massive fiscal stimulant is needed.”

    read more.

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September 20, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Global Crisis Hot Spots and Pressure Points. The Global Financial Reset Has Begun

  • Global Crisis Hot Spots and Pressure Points
    by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
    A preface is required to explain that the US Federal Reserve is responsible for every grand financial crisis in the last 30 years, dating back to the Great Depression and its supposed spurious resolution to Black Monday of 1987. Little realized is that the ’87 crash was a direct result of the impact from outsourcing US industry, whose trend began in 1984 with Intel. The lost legitimate income had a grand effect on the inflows to the US Stock Market. Of course, the newly forming Reich Economic team preferred to describe it differently. The important outcome from the cleanup was the creation of multi-$trillion bank derivatives to serve as phony foundation for the entire Western banking system. Greenspan blessed it as good and firm, but now we know it was soft and weak. These derivatives are blowing up, which will require bailouts and a replacement in the Gold Standard. Instead, expect the derivatives to ramp up further with greater leverage up to the assured catastrophe. The fallout will be great.

    Two critical factors have contributed to the ruin of the King Dollar realm, the global financial structure in place since 1974, but greatly altered since 2012. The first is the entire concept of outsourcing US industry. This is a tremendous textbook example of micro-economics making individual success stories with greater profitability, like to Intel Corp, which began the outsourcing trend. These realized lower costs. But the failure is at the macro-economic level, since the USEconomy lost a large chunk of its legitimate income. The Reich Economists (aka Keynesian mutants) promoted the entire movement, and steered the nation toward the clean society with financial engineering. Its results can be seen with financial crisis in sequence without end, at first with the subprime mortgage bond situation and later with USGovt debt dependent upon direct monetization. The entire US financial structure has become a computer machinery driven obscenity with pervasive derivative usage in hidden form. It is probably in the $trillions each month, ever since the vast Petro-Dollar derivatives began to be dismantled. Now the USEconomy is debt-ridden beyond simple patchwork solutions. which will require bank bailouts and a replacement in the Gold Standard. Instead, expect the households to see bail-ins in a grand betrayal and exercise of tyranny.

    THE GLOBAL FINANCIAL RESET HAS BEGUN
    Let it be known that the resolution of the financial crisis in Turkey can be regarded as the first critical step in the Global Financial RESET, which has already begun. This is according to consensus among the Jackass colleagues. The introduction to critical steps has been the ongoing Deutsche Bank rescue and Italian banking system life support, in the West. The introduction to critical steps has been the creation of the Gold-Oil-Yuan futures contracts in the East. THE GLOBAL RESET BEGAN A FEW MONTHS AGO, WITH NO MARQUEE SIGNS, NO FLASHING LIGHTS, NO BANDS, NO HOOPLA. The banker cabal prefers that the public is ill-prepared, since the elites among them are busily preparing their positions for tremendous profits in the $trillions, equal to the losses expected by the clueless public.


    read more.

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September 17, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Catherine Austin Fitts: We’ve Reached “Never Never Land” Accounting. Dollar Dominant & Dangerous – System Not Stable

  • Catherine Austin Fitts – We’ve Reached “Never Never Land” Accounting. Dollar Dominant & Dangerous – System Not Stable 
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.” Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important. At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what. Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”

    Fitts goes on to say, “The real push are for real assets: real assets reflected in a stock, or real assets reflected by real estate or precious metals.”

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September 17, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

It’s Happening, Get Ready For A New Economic System

  • X22Report Published on Sep 14, 2018
    Bank of England is warning that if there is no deal BREXIT the entire economic system will come crashing down but the banks will be ok. Central bankers threatening those who want to leave. Sears is going down, they can not survive and in the next couple of months most likely after the holidays Sears will not exist. Retail sales decline, more stores close as the economy implodes on itself. The entire system is cannot survive the central banking system, get ready for a new economic system.

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

Ron Paul: The Dollar Will CRASH – The Banking System Is BANKRUPT!

  • World Alternative Media Published on Sep 12, 2018
    Josh Sigurdson talks with Dr. Ron Paul, former congressman, presidential candidate, author and host of The Liberty Report. Dr. Paul talks about the coming dollar crash and how it will happen. There is no escaping the fact that all fiat currencies throughout history have reverted to zero eventually. While the fundamentals are off the table due to the level of manipulation in the monetary system as well as in the markets and one cannot put a date on the coming crash, we know it has to happen. It’s inevitable. As we reach a potential yield curve inversion, this will not end well. Will we see a global centrally planned cashless society? Dr. Paul says it’s a desperation move to attempt to implement such an agenda, but that it’s not likely to actually succeed. All the same the potential is a major problem and something individuals must understand.

    From that, Dr. Paul talks about the insolvent banking system and how the cash to deposit ratio among the banks show that the banks must fail. Many of the major banks have a ratio of less than 1% of deposits covered in cash. They never recovered following 2008 and have been essentially propped up, only getting worse as they’re further centralized into temporary prosperity. The everything bubble is also a major issue on the coming timeline. We have a pension bubble that could see a 400 trillion dollar shortfall globally by the year 2050. That’s more than 4 times the global yearly GDP. Can it sustain itself? Certainly not. Dr. Paul talks about the countless problems with the pension system and with that the utter dependency so much of the populace has on government. Is there a concerted effort to push the populace into complete dependency to the state and banking system? Absolutely says Dr. Paul. That’s the point!

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

VALUE OF GOLD, TYPES OF GOLD, SDR. Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Sep 11, 2018
    Link to Slides and Sources: https://www.itmtrading.com/blog/value…
    Question 1. Shelly S: If one was worried about losing money that is invested in stocks in a 401(k). Is there something I can invest in, inside the 401k that is a good option?
    Question 2. Tony C: Once the reset occurs, which I believe will be when the powerful financial elite are ready for it, do you think these same powerful financial elite will continue to have sufficient power to steer the value of precious metals in the direction they want, rather than let the price be determined by the market?
    Question 3. Linney: When the reset happens, who will be the governing body to determine the value of silver and gold?
    Question 4. M Zook: What do you mean by bullion? What do you mean by collectibles? What do you mean by monetary gold? Given those three, what and/or where is the overlap?
    Question 5. Herb M: in a future video could you explain to us what role the SDR will play as we head into this financial crisis.

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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September 13, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Gregory Mannarino: When Debt Evaporates So Will Half the Global Population

  • Gregory Mannarino: When Debt Evaporates So Will Half the Global Population
    by Greg Hunter’s USAWatchdog.com
    Trader/analyst Gregory Mannarino says the public is not getting the truth about the dire debt and currency problems in the global financial system. Mannarino explains, “People here in our country are not being allowed to see what is going on outside of the United States. The mainstream media (MSM) outlets are doing everything they possibly can to keep people misinformed and uninformed. This is what is happening right now. On a global scale, the world is overdosing on debt. I cannot stress that enough. So, what we are witnessing here in regard to the emerging markets is a currency meltdown. . . . World central banks are colluding with the leaders, and they honestly have no choice because the party ended in 2008. They have done all they can to re-inflate bubbles by introducing debt on every single living soul on this planet, unlike we have ever seen in the history of the world. . . . When this thing hits a point of maximum saturation, we are going to see cracks or the debt market let go before everything else, and that’s exactly what we are seeing here.  The currency meltdown in the emerging markets, these are units of debt. These currencies are unbacked liabilities being dispersed by bankrupt governments. It’s the same thing here in America where our debt-to-GDP ratio is now over 100%. . . . It all comes down to keeping the world awash in debt because that is the way the system functions. . . .Last time, in 2008, we bailed out the banks. This time, we are going to bail out countries.”


    Mannarino points out that other people are giving warnings that something is very wrong. Mannarino says, “Bloomberg put out an article last week of worries of a contagion. Again, it’s a crisis of the currencies we are seeing in the emerging markets. . . . There is going to be a moment of reckoning where every single thing is going to correct to fair value. . . . It’s kind of like the music stopped but the people are still dancing. . . . Don’t take my word for it. Listen to Ray Dalio who just put out a warning and said be prepared for a meltdown worse than 2008. He also expected to see social unrest right here in the United States like we have never seen before.”

    read more.

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September 13, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

WHERE Did the Missing $21 Trillion COME FROM? | Wayne Jett

  • Reluctant Preppers Published on Sep 10, 2018
    President Trump’s Executive Order (EO 13818) freezes the assets and travel rights of perpetrators of human rights abuses & corruption. Is this EO actually locking up unthinkable trillions of illicit funds in bank accounts just made public via a major leak? Author of “The Fruits of Graft: Great Depressions Then and Now,” Wayne Jett, returns to Reluctant Preppers to publicly comment on his recent article, “Where Did the Missing $21 Trillion COME FROM?” Jett declares with characteristic measured judgment why he believes we are witnessing a rout of globalists and their ill-gotten fortunes as never before seen in the history of the world! Read Wayne Jett’s article,

    “Where Did the Missing $21 Trillion COME FROM?” http://www.classicalcapital.com/Missi…

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

Bill Murphy, GATA.ORG: Debt Will Crater USD – Major Factors Signaling THE END!

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

LYNETTE ZANG: “This Is My Personal ECONOMIC RESET Gold Strategy”

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

The Battle Between Light And Dark, The Truth Is Being Extracted And Darkness Will Lose: Bill Holter

September 10, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment