Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: The Gold Standard Is Emerging!

Remember the Golden Rule: "He who has the gold Rules!"

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

  • Jim Willie: The Gold Standard Is Emerging!
    by http://www.silverdoctors.com/
    Summary
    The Chinese Are Putting in Place a Link Between Oil and Gold.   The Petro-Dollar has almost completely vanished. The Gold Standard is Emerging…

    By Hat Trick Letter Editor Jim Willie, GoldenJackass:
    The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade Note will be easy, once the pieces are aligned and in place. This new note for usage in secure trade settlement is in the inception process. It will be structured within existing trading vehicles and platforms.

    The Russians and Chinese appear to be forming the basis for the payment vehicle within the oil trade. Consider it as a formal reflection of the Iran-India gold for oil trade.

    Bilateral Oil for RMB Sale + Shanghai Gold Exchange = Gold Trade Note

    This triangle is precisely what China and Russia are doing now.
    Russian oil & gas is being sold for Chinese Yuan, and then Yuan is traded for Gold at the Shanghai Gold Exchange. The trade is not complex at all. Oil for RMB for Gold, creating a transaction payment in gold terms. The part unclear is posted margin to confirm and seal the transaction. The immediate implication is that the Chinese RMB will have a quasi-gold link. The original model used might have been the Iranian oil sales to India, with payment completed using Turkish gold. Such gold for oil trade appears to have been commonly executed from 2006 to 2010, and likely beyond that date.


    The Jackass has been expecting that the Gold Trade Note would be structured in a clever way, using swap contracts in major global commerce. It might be taking form in the triangle cited as the working template. Oil is the biggest commercial trade item. Soon comes the RMB-based contract for crude oil, traded in Shanghai. It will surely cause big waves, a major disruptive event.

    NEW SCHEISS DOLLAR & GOLD TRADE STANDARD
    In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The United States Govt cannot continue on numerous glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time to take steps toward the return of the Gold Standard.


    The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports.

    The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States.


    Any new currency, even with gold backing, would be subjected to a series of devaluations due to the enormous trade deficit. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder.

    However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off. During the crisis that comes, the gold price will find its true proper value between $5000 and $10,000 per ounce.

    Then later, it goes higher, as it seeks equilibrium in a new world where gold serves as the global arbiter in trade and banking and currencies.

    read more.

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

Jim Rogers Reiterates His Call For A Crash Of Epic Proportions

Jim-Rogers-Predicts-Trillion-Dollar-Biblical-Crash-2

  • Jim Rogers Reiterates His Call For A Crash Of Epic Proportions
    by 
    This past May, Rogers had such a dismal outlook that he warned “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.” Since then, the Dow has hit record highs above 20,000 and many other fragile bubbles continue to expand.

    And just this week, Jim did a podcast interview with Erik Townsend and Patrick Ceresna on their show called “Macro Voices” in which he was questioned on a variety of topics. He didn’t contradict any of his previous statements, though he certainly had opportunities to do so.

    Most notably, Rogers offered another warning statement; “Get prepared,” he went on “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.”

    Jim went on to reference the demise of both Bear Stearns and Lehman Brothers which were around for 90 years and over 150 years years respectively. Both despite surviving two World Wars, still disappeared overnight while days before, Jim Cramer, on CNBC, admonished that Bear Stearns was a buy at $62… six days later it was bought out by JP Morgan for $2 a share.

Jim-Rogers-Coming-Economic-Collapse-Could-Destroy-More-than-68-trillion-2

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February 16, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: Debt Crisis Builds — Buy Gold. Definite Movement to Take Trump Out

  • Gerald Celente: Debt Crisis Builds — Buy Gold. Definite Movement to Take Trump Out
    by Greg Hunter’s USAWatchdog.com 
    Trends forecaster Gerald Celente says the resignation of top security advisor Michael Flynn is further proof there is an ongoing “destabilization campaign” and a “definite movement to take out Trump.” Celente explains, “When Trump came in, one of the first things he said in his campaign is let’s stop this fighting with Russia, they’re not the threat that everyone says they are.  Since he’s been saying that, he’s been attacked.  Let’s go back to Michael Flynn.  Trump and Flynn say the CIA has become too politicized.  A lot of these agencies have been wasting money and giving us bad information.  That was what a lot of Flynn was about.  Let’s not forget that Obama dumped Flynn because those were the things that Flynn was saying that Obama didn’t want to hear.”


    The issues dreamed up to take out Trump have been ongoing since the day Trump won the 2016 election. Celente lists the top three and says, “The first issue was the Russians are coming, the Russians are coming.  The second one was the Electoral College, and you remember the third one?  It was we need a vote recount in Pennsylvania, Michigan and Wisconsin.  That’s all we heard.  The media has been attacking Trump from day one.  They are bringing in the Flynn thing because he was an anti-neocon.  That’s the reason.  The neocons want war.  They want destruction.  They want the military industrial complex to continue to build. . . . I don’t know why Trump is still campaigning.  He should keep his people off the air.  They shouldn’t go on the presstitute networks.”

    Celente says Trump can win by playing his own game. When it comes to his own GOP party, Celente explains, “He didn’t need them.  He doesn’t need them now.  Trump beat Hollywood.  He beat the Katzenbergs, the Spielbergs, the Clooneys and De Niros.  He beat Silicon Valley. . . . What I am saying is Trump can beat and win.  He beat all of them.  He beat Obama.  It wasn’t the Russians that made the election go his way. . . . Play the Trump card.  There are no rules.  That is the lesson.”

    Celente says that Trump is inheriting a U.S. and global economy that is bullish for gold prices. Celente explains, “The debt crisis continues to build.  The people are in an uproar about getting their pensions robbed from them.  There are more taxes on them to give the money to the banks that did the dirty deals.  Look beyond the United States, and we do not give financial advice, gold is the ultimate safe haven asset in a time of economic turmoil and geopolitical instability. . . . Our forecast for gold, and let’s say the price is $1,240 per ounce, the downside is another $100 to $150 per ounce.  It cost more than that to pull it out of the ground.  So, it’s not going to go much lower than that ($1,240) . . . . That’s no downside risk.  Here’s our forecast on the upside.  Gold has to break above $1,400 per ounce and solidify over that price, somewhere in the $1,440 to 1,480 range. Once it solidifies in that range, we are saying it’s going to spike to over $2,000 per ounce.  That’s our forecast, and we have been saying that for the better part of a year and a half.”

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February 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Big Brother is Watching You: Jim Rogers Prophesizes Death of Cash & Total Govt Control of Spending. ‘666’ is Coming Rapidly!

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

  • Erik Townsend welcomes Jim Rogers back to MacroVoices. Erik and Jim discuss:
    by https://www.macrovoices.com/index.php
    * What’s in store for the U.S. Equity Markets?
    * Outlook on the U.S. Dollar
    * Is the 35-year bond bull market over?
    * Where are junk bonds going?
    * History of government failures
    * His views on the global populist movements
    * Is there war on the horizon?
    * Are the Russian’s being scapegoated?
    * Update on his views on gold
    * His views on movement to cashless society
    * Are we moving away from a free society?
http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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February 15, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

America’s Biggest Creditors Dump Treasuries in Warning to Trump

  • America’s Biggest Creditors Dump Treasuries in Warning to Trump
    by Brian Chappatta, http://www.bloomberg.com/
    * Japanese investors cull U.S. government debt by most since ’13
    * Currency-hedged returns were worst on record last quarter

    In the age of Trump, America’s biggest foreign creditors are suddenly having second thoughts about financing the U.S. government. In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. What’s striking is the selling has persisted at a time when going abroad has rarely been so attractive. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before.

    From Tokyo to Beijing and London, the consensus is clear: few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now. Whether it’s the prospect of bigger deficits and more inflation under President Donald Trump or higher interest rates from the Federal Reserve, the world’s safest debt market seems less of a sure thing — particularly after the upswing in yields since November. And then there is Trump’s penchant for saber rattling, which has made staying home that much easier.

    read more.

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February 14, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

China, Russia And Iran Are Dumping The Dollar And Increasing Gold Purchases

  • Published on Feb 9, 2017
    Initial jobless claims plunge to 44 year lows as continuing claims surge. Americans haven’t been this positive since 2007 and we know what happened in 2008. Coca-Cola and Kellogg’s are seeing declining revenue and are ready to close manufacturing plants.Wages don’t drop like this unless we are headed into a recession.Deutsche banks says we are near the end. China, Russia and Iran are dumping the dollar and Treasuries and purchasing gold, bye, bye petro-dollar.

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

This Is Not A Drill! The Economic Crisis Will Start This Year & Last For 5 Years: Clif High

February 9, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Financial Explosions Abound

  • Financial Explosions Abound – Interview with Jim Willie
    by https://www.perpetualassets.com/
    Some topics include:

    Gold price revival timeframe
    Trump potential deals with the devils
    Gold Trade Note coming into view
    Gold and silver investment allocation, market analysis and predictions
    Can the USA avoid Third World fate?
    Awakening of the masses and likely scapegoats
    Ultimate Jackass signal of evil banker cabal capitulation
    Role of BitCoin and crypto technology in future money systems
    Petro-Dollar death 90% complete
    Elite globalist scum on the run
    Real significance of the Davos Barbecue this year

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February 8, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Alex Jones Full Show — Warning: Goldman Sachs Is Planning To Implode The Economy

  • Published on Feb 6, 2017
    On this Monday, Feb. 6th 2017 edition of the Alex Jones Show, we analyze Trump’s fight against Soros foundations trying to radically alter America forever. Milo Yiannopoulos joins us to talk about the recent Berkeley riot and how the snowflake leftists are controlled like zombies by the power elite. Also, Washington insider Doug Hagmann reveals the ongoing war against pedophile rings in DC.

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February 7, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

End of FedRes Independence! House Financial Services Committee Sends Warning Letter to Yellen “This is Unacceptable”

Don't you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

  • End of FedRes Independence! House Financial Services Committee Sends Warning Letter to Yellen “This is Unacceptable”
    by Mike “Mish” Shedlock, https://mishtalk.com/
    The Trump team wasted no time in telling Fed Chair Janet Yellen what is and is not acceptable. Patrick McHenry, the vice chairman of the House financial services committee, sent Yellen a letter of admonishment regarding international negotiations the Fed conducts in secret, with no oversight.

    One line stands out: “This is unacceptable”. The preceding paragraph tears into the Fed’s secret negotiations with foreign bureaucrats, “without transparency, accountability, or the authority to do so.”

    McHenry Warns Yellen – Letter Excerpts
    “I am writing regarding the Federal Reserve’s continued participation in international forums on financial regulation. Despite the clear message delivered by President Donald Trump in prioritizing America’s interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so.”


    Moreover, the letter seeks a comprehensive review of past agreements with the Financial Stability Board, Basel, and the International Association of Insurance Supervisors that “unfairly penalized the American financial system”.

    The letter blasts “secretive structures” and “opaque decision-making” processes of the Fed. The letter then finishes with a final warning:

    “It is incumbent upon all regulators to support the U.S. economy, and scrutinize, international agreements that are killing American jobs. Accordingly, the Federal Reserve must cease all attempts to negotiate binding standards burdening American business until President Trump has had an opportunity to nominate and appoint officials that prioritize America’s best interests.”

    Fed Independence is Over
    The Fed’s ability to conduct secret deals just ended. An “audit the Fed” initiative is likely on deck. I confidently predict Janet Yellen will not last four years.


    Will Trump pressure the IMF or attack the World Bank? Recall this Tweet from years past.

    read more.

FedRes_ATM_Dollars_being_printed

Dees_FedRes_printing_money_Bernanke_Obama_Biden

Illuminist_banksters_creating_money_out_of_nothing_lending_n_charging_interest

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February 7, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

2017: The Year of TRUTH BOMBS — Bill Holter

February 7, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: JP Morgan’s Silver is China’s! Trump to Audit Gold

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

Dr. Jim Willie Interview with Silver The Antidote

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

Bix Weir: Trump Fights to Takedown Bad Guys

  • Bix Weir: Trump Fights to Takedown Bad Guys
    by Greg Hunter’s USAWatchdog.com
    According to precious metals and financial expert Bix Weir, what’s going on in Washington now is simply a struggle for control between good and evil. Weir explains, “The left is going nuts.  They say they are not violent, but they are causing all these riots and protests everywhere.  I am convinced that this takedown of the bad guys is going to get a lot uglier.  It will get uglier because the left leaning Obama people have been given so many rights that are not in the Constitution and are not anywhere in a capitalistic society.  It’s more towards socialism, and when you try to take away the rights given to socialists, they get armed.  They go into the streets.”


    Weir says Trump is attacking illegal immigration and voter fraud that are the basis of Democrat power. Weir contends, “Basically, the immigration issue and voting issue is all an attack on free will, and it’s a move towards socialism.  They know if they open the borders, they know they are going to get a lot of people coming in who will vote Democrat and vote for the free things they get from society.  Ron Paul has some great ideas about how to stop this, and it’s stop giving away the free stuff.”

    Weir says all the political and civil unrest are symptoms of an economic system on the edge of a giant reset. Weir says when the economic reset comes, it will come from trillions of dollars in unbacked derivatives.  Weir contends, “It will destroy all the banks . . . all the banks go when the derivative implosion happens.  That has always been sort of the home built nuclear bomb in the financial system—the derivative market.  Hundreds of trillions of derivatives that are so dependent on third parties staying in business. . . . Once one large derivative holder goes, they all go.”

    Weir thinks Trump knows a crash is coming and is getting ready. Weir says, “Trump has the keys to ending this market rigging game.  Once you end the market rigging game, then you can’t support the stock market, and everything has to go to its true fair market value with real trades and no more derivatives.  Trump can do it, but it’s not just Trump.  It’s also the people behind Trump.  I call them the good guys.  It’s people in the Pentagon, people in the military and patriots.  All this goes back to what does Trump want to do.  Do they want to fix things with the bubbles still there and with the Fed still printing money?  Or, does he really want to fix it?  Which means you crash the system first, and then you rebuild.  I think it’s the latter.  I think he’s trying to get people in place, and he will crash the system and then rebuild.”

    So, what would Weir sell, and what would he be buying? Weir says, “On the sell side, I’d sell anything that has a third party between you and your asset.  That could be stocks and bonds.  On the buy side, I’d buy Bitcoin with both feet . . . buy a lot of silver, as much silver as you can . . . and buy gold, as well.

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February 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Trump Supreme Court Picks / Super Rich Preparing For Global Collapse

February 1, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment