Socio-Economics History Blog

Socio-Economics & History Commentary

Major Market Shift Coming in Gold & Silver Markets | Rick Rule

  • SilverDoctors Published on Oct 18, 2017
    President and CEO of Sprott U.S. Holdings tells Silver Doctors he expects a major in shift gold and silver markets… Gold and silver assets make up at most half a percent of total investable assets in the U.S. market. Rule sees this percentage increasing. Also, Rule says the more than thirty year bull market in 10-year Treasury bonds is coming to a close, while the precious metal bull market is just beginning. Rule has a positive outlook for the mining sector as well.

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October 19, 2017 Posted by | Economics | , , | Leave a comment

Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads

  • Paul Craig Roberts: Markets Fall When Dollar Falls. Looming Catastrophe Hanging Over Our Heads
    by Greg Hunter’s USAWatchdog.com
    Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”


    The International Monetary Fund (IMF) has just warned on the profitability of nine huge global banks. Some say they equal nine possible Lehman Brothers, which was the financial institution that started the 2008 meltdown. Is the IMF terrified of the slightest correction in the markets? Dr. Roberts says, “I think so, yes, because it’s not based on reality. It’s based on massive liquidity. So, it’s full of all kinds of dangers.”

    The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack. If for some reason people said, hey, we don’t want the dollar anymore, and they started moving out of dollars into other currencies or into something else, if they cease to hold assets in dollars, if that happened, the Fed would have to try to raise interest rates to support the dollar. Then you could see that everything could come apart. If the interest rates would go up, there would be all kinds of derivatives that would not be sustainable. The stock market would collapse. It would be a mess. It would be an utter mess. That’s what the IMF is worried about. It’s a messy situation. How do you get out of it?”

    How does Dr. Roberts say people should protect themselves? Dr. Roberts says, “I would not be in debt.”

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October 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Friday The Thirteenth Golden Jackass Jim Willie

https://ochelli.com/wp-content/uploads/2017/10/The-Ochelli-Effect-2017-10-13.mp3

Click on image for MP3 audio interview.

  • Friday The Thirteenth Golden Jackass
    by https://ochelli.com/
    The Ochelli Effect 10-13-2017 Jim Willie The man behind The “Hat Trick Newsletter” @  goldenjackass.com .Plus producer Tony Hurst has an unscripted conversation with Chuck in the second hour

    Hour 1 we break down money , Gold , Oil , and the U.S. Military Industrial Complex along with a few unusual subjects with the uniquely talented Jim Willie from GoldenJackass.com . Jim’s insights into finance ,  global trends , realities and the secret or not-so-secret  world of real deals is one of a kind and the Ochelli Effect is lucky to have Jim appear on a monthly basis. On Friday The Thirteenth Golden Jackass , we hear Jim answer listener questions and explain what happens when China decides to “Flip The Switch” , and what has happened to US Presidents  when they push back against the banking Cabals.

    Second Hour Tony Hursy makes a rare appearance on the show to pick Chuck’s brain a bit about current events , Climate Change , and What In Hell is actually going on in the alleged United States. The future of the show is addressed and Tony’s priceless contribution to show , website and Chuck’s basic knowledge are discussed. Also , What was that noise at the second hour break?

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

A Tsunami of Finance: German Expert Warns of Imminent Collapse of ‘World Casino’

  • A Tsunami of Finance: German Expert Warns of Imminent Collapse of ‘World Casino’
    by https://sputniknews.com/
    Financial expert Ernst Wolff gives Sputnik a taster of his new book, which warns that dependence on the financial industry and the US dollar has created a “financial tsunami,” the consequences of which the world is wholly unprepared for.

    Financial expert Ernst Wolff, author of a bestselling analysis of the International Monetary Fund‘s “modern day crusade against the working people on five continents,” has turned his attention to the global financial system in his latest book.

    Wolff sees the financial system at risk of imminent collapse and likens it to a “Financial Tsunami” which threatens to take us all by surprise, leaving devastation in its wake.

    In a taster of the book’s contents, he told Sputnik Deutschland that the US-based financial industry has been on “life support” since the 2008 crisis and its prognosis “doesn’t look good.”

    “The patient is about 75 years old. Our financial system was founded in in Bretton Woods, USA in 1944. The patient is in great difficulty because in 1998 and a second time in 2007/2008, he almost died. Since this second crisis, he has only been kept alive artificially. The financial system is lying in the intensive care unit.”

    While most countries have a state central bank, US monetary policy is conducted by the Federal Reserve, a consortium of 12 regional banks in which commercial banks own shares. Wolff describes the system as a “cartel.”

    “One not only gives a patient a diagnosis, but also a case history. First, we need to understand the power of the Federal Reserve, the American central bank which was established a hundred years ago. Many people still don’t know that the Federal Reserve is not a state institution, but is in private hands. This is a bank cartel which lies in the hands of several large, very rich families. This fact has been covered up in the course of history.”

    read more.

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

Click on image for article.

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October 16, 2017 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , , | Leave a comment

Willem Middelkoop: Any Sunday Night Now And Gold Could Be Revalued Up To $10,000

Click on image to download MP3 interview.

  • Willem Middelkoop: Any Sunday Night Now And Gold Could Be Revalued Up To $10,000
    by https://www.silverdoctors.com/
    Once the physical market breaks, there will be a quick revaluation of gold towards even $10,000. Here’s two ways Willem says it can play out…

    Willem Middelkoop interviewed by Craig Hemke on TF Metals Report
    Willem Middelkoop is an Amsterdam-based author and commodity fund manager. Somehow it had been over a year since we last spoke with Willem so we had plenty to discuss today. Please be sure to give this podcast a listen. Among the topics addressed in this 49-minute call:

    * the current similarities to the run-up to The Financial Crisis in 2008
    * how the falling dollar is impacting commodities
    * why China values physical gold and the likelihood of a global reset in price
    * which commodities or metals might benefit from the changes described in his new book, “The Tesla Revolution
    * the future of the euro and the possibility of it challenging the US dollar as global reserve currency
    * Willem’s interest and opinion on the Australian mining sector, specifically Artemis and Novo Resources
    * And a whole lot more!

    I’m confident you’ll find this audio to be interesting and very helpful. Thanks again to Willem for sharing his time and expertise.

    TF
    Willem Middelkoop is an author and founder of the Commodity Discovery Fund. He became a well-known personality through his work as stock market commentator for the Dutch business television channel RTLZ. Middelkoop predicted the onset of the credit crisis in his book “Als de dollar valt” (If The Dollar Falls) – 2007. Subsequent publications were “De permanente oliecrisis” (The permanent oil crisis) – 2008, “Overleef de kredietcrisis” (Surviving the credit crisis) – 2009, “Goud en het geheim van geld” (Gold and the secret of money) – 2012, The Big Reset – 2013 and The Tesla Revolution – 2017. In total, he has sold more than 150,000 copies of his books.

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October 16, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

Rob Kirby: Could Be Just Days Or Weeks Until The Collapse Of The Petrodollar

  • Rob Kirby: Could Be Just Days Or Weeks Until The Collapse Of The Petrodollar
    by https://www.silverdoctors.com/
    Rob Kirby says that the system won’t stay afloat much longer as the petrodollar is failing. We could be just days to weeks away. Here’s why…

    Rob Kirby interviewed by Silver Doctors
    Also, Kirby discusses Catalonia’s movement towards independence. “The vote to become independent in Catalonia is symptomatic of a growing desire of peoples around the world to reject the forces of globalism,” Kirby says. He continues that now this anti-globalism movement is unstoppable. And Kirby answers viewers questions covering the following topics:

    – Pensions will suffer “apocalypse.”
    – Paying off debt vs. prepping for crisis
    – How much gold and silver to own
    – The petrodollar will collapse within months
    – Demand for physical metal will overwhelm price manipulation
    – Cryptocurrencies vs. fiat currencies

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October 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: 58 Recent Global Shifts That Are QUICKENING The Death Of King Dollar

  • Jim Willie: 58 Recent Global Shifts That Are QUICKENING The Death Of King Dollar
    by Jim Willie the Golden Jackass , via https://www.silverdoctors.com/
    Many are the turning points with individual nations, once firmly in the Western alliance camp, but no longer. They are flipping eastward or in the case of China cutting the major cords. The Shanghai developments are by far the most important in the financial setting. The Petro-Dollar is seeing its last months after a 43-year reign as defacto standard. Its retirement will begin in the East, then spread to the decaying loyal Western nations. The entire geopolitical chessboard is becoming more aligned with the Eurasian Trade Zone, one nation after another. Its cornerstones are Russia, China, and increasingly Iran. It has gathered some Eastern European countries like Turkey, and will gather more. It has pursued the Middle East oil monarchies, and will succeed in lassoing them into the zone corral. Whether they deploy financial connections, or trade ties, or security links, these nations no longer see the United States and British (who walk the American dog with a monetary leash) as the leading global players any longer. The leaders are China with its financial and industrial might and Russia with its energy and commodity strength.

    As the global structure shifts in alignment, many nations will be involved in the shifts directly. It can be perceived as chess pieces in movement. The many bilateral connections are being altered, so as to fit within the new forces. The power center is moving from West to East, although certainly very slowly. Some call it a giant ship changing course, but the Jackass thinks of it more as a very large baby being formed with numerous umbilical cords, which requires a very long gestation period like that for an elephant. The Eastern centers must remove the vestiges of old colonial power links. It is a very slow process, whereby the East must accept losses from the uprooted stanchions. The Eastern leaders measure their risks, make the changes, and consider the losses as part of a reorganization much like done with the better observed structural changes done by IBM or Chrysler.

    Walls on all continents are seeing more clear graffiti. The writing is on the walls for the King Dollar first relinquishing its dominant position, then soon permitting a peaceful coexistence with the Chinese RMB, and later suffering the ignominy of gradual more complete removal as global currency reserve. Expect next to see a wider recognition of the Dual Universe, with the USD pitted against the RMB but without war. The current challenges are numerous, significant, and undeniable. The following nations are central to the global paradigm shift in progress. Cited are some key events in the shift. They have two themes in common, energy pacts and financial flight from the King Dollar. The more full description with effects, angles, and players is included in the October Hat Trick Letter, now in the production phase.

    read more.

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October 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Buried In The Fed’s Report It Reveals The Truth About The Economy: Charles Hugh Smith

October 10, 2017 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The Central Banks Are Transitioning The World Away From The Dollar: James Rickards

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

Click on image for article.

http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

Click on image for article.

http://americanfreepress.net/?p=1263

Click on image to goto article.

October 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

James Rickards: North Korea Thinks USA Bluffing – It’s Not! Very Violent Reversal Before End of 2017

  • James Rickards: North Korea Thinks USA Bluffing – It’s Not! Very Violent Reversal Before End of 2017
    by Greg Hunter’s USAWatchdog.com 
    Four time best-selling financial book author James Rickards says don’t get too comfortable with the record high stock prices. Rickards explains, “I think the markets will have a very violent reversal in late November or early December.  Let me be specific about why because I never make claims like this without backing it up. . . . Here’s what’s going on.  Right now, markets are priced for a Fed rate hike in December. . . . The stock market is interpreting this rate hike as economic strength . . . everything is set for a violent reversal because the Fed is not going to hike interest rates in December.”


    So, why is the Fed not going to raise rates? Rickards says it’s because of not enough inflation and way too much deflation.  This has the Fed scared to move.  Rickards contends, “Why is deflation a central bank’s worst nightmare?  The answer is deflation increases the real value of debt.  In other words, the dollar actually gets stronger in a deflationary environment.  If I owe you dollars, and the dollar just got stronger, I owe you more money in real terms.  It becomes more difficult to pay off debt in a deflationary environment because my income is drying up.  The real burden of debt is going up, and if I couldn’t pay you to begin with, deflation is going to make it more difficult to repay you. . . . Imagine if we had one or two percent deflation . . . and the value of the debt was going up.  The defaults would be even worse.  Bad debts would pile up.  The banking system would be under threat.  Tax collections would go down in nominal terms.  The credit of the U.S. government would be called into question.  The U.S. government might default.  These are all the horrendous consequences of deflation, and it’s why central banks cannot have deflation.”

    So, what happens if Rickards is correct and the Fed does not raise rates? Rickards says, “When that happens, and I think it will happen . . . all of a sudden, the dollar is going to get weaker, the euro is going to get stronger, gold is going to go up and bonds are going to rally.  So, there will be a lot of big market effects.  I am not talking the end of the world . . . . I am not talking about a total meltdown.  I am talking about a violent repricing of some major commodities and bonds . . . because the market thinks the Fed is going to raise, and they’re not.”

    Is there a danger in October as many believe there could be? Rickards says “yes,” and it comes from increased tensions with North Korea.  Rickards says, “We have a window from October 10th to October 21st.  What is the significance of that window?  October 10th is the anniversary of the communist party of North Korea.  Kim Jong Un is getting ready to test more missiles. . . . We have two catalysts.  The anniversary on October 10th and war games (with South Korea) on October 21st.  In that window is when I expect one or more missile tests.  That’s going to be another wake up call to the markets.  The markets are sleepwalking . . . they don’t understand this war is coming, and it is coming.  A shooting war, a pre-emptive war, a kinetic war with the United States against North Korea, I do expect by mid-2018. . . . Kim Jong Un thinks we are bluffing.  We are not.”

    Rickards also restates his case for “$10,000 gold” and contends it’s at a relatively low price, and people should buy it now and simply hold it.

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October 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Paul Craig Roberts On Donald Trump vs NFL, Venezuela Under Attack, the Push for More Wars & More.

October 4, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: WW III To Prevent Worst World Market Crash in History

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

The Struggle Continues And The World Is Changing, Change Is Need In The US: Harley Schlanger

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

Cracks in Dollar Are Getting Larger. Gold is Heading to $10,000 or Higher

https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold

Click on image for article.

  • Cracks in Dollar Are Getting Larger
    by JAMES RICKARDS, https://dailyreckoning.com/
    Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia. It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.

    Saudi Arabia was receiving dollars for their oil shipments, but they could no longer convert the dollars to gold at a guaranteed price directly with the U.S. Treasury. The Saudis were secretly dumping dollars and buying gold on the London market. This was putting pressure on the bullion banks receiving the dollar.

    Confidence in the dollar began to crack. Henry Kissinger and Treasury Secretary William Simon worked out a plan. If the Saudis would price oil in dollars, U.S. banks would hold the dollar deposits for the Saudis. These dollars would be “recycled” to developing economy borrowers, who in turn would buy manufactured goods from the U.S. and Europe. This would help the global economy and help the U.S. maintain price stability. The Saudis would get more customers and a stable dollar, and the U.S. would force the world to accept dollars because everyone would need the dollars to buy oil.

    Behind this “deal” was a not so subtle threat to invade Saudi Arabia and take the oil by force. I personally discussed these invasion plans in the White House with Kissinger’s deputy, Helmut Sonnenfeldt, at the time. The petrodollar plan worked brilliantly and the invasion never happened.

    Now, 43 years later, the wheels are coming off. The world is losing confidence in the dollar again. China just announced that any oil-exporter that accepts yuan for oil can convert the oil to gold on the Shanghai Gold Exchange and hedge the hard currency value of the gold on the Shanghai Futures Exchange.

    The deal has several parts, which together spell dollar doom. The first part is that China will buy oil from Russia and Iran in exchange for yuan. The yuan is not a major reserve currency, so it’s not an especially attractive asset for Russia or Iran to hold. China solves that problem by offering to convert yuan into gold on a spot basis on the Shanghai Gold Exchange. This straight-through processing of oil-to-yuan-to-gold eliminates the role of the dollar.

    I believe gold is ultimately heading to $10,000 an ounce, or higher.

    read more.

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September 30, 2017 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , | Leave a comment

Gordon Long: Markets in Delusional Phase. Gold Price Will Explode When System Breaks

  • Gordon Long: Markets in Delusional Phase. Gold Price Will Explode When System Breaks
    by Greg Hunter’s USAWatchdog.com 
    Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, “That is correct, and it won’t be something that is gradual, it will be very abrupt.  The system will break . . . and the financial markets will freeze up.  When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008.  We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries.  Never mind understanding the complexity.  So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .  Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive.  They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.  This is what has gotten us into this problem.  We have to get back to sound money.  It will have to be gold.  What percentage of backing will determine what the value the gold will be.”


    On the value of the U.S. dollar, Long contends, “Personally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn’t mean the world is coming to an end.  It just means you have to go through this to reset.  Those who prepare and understand why this is happening and watch for the signals, there’s going to be fortunes transferred.  They are being transferred right now, frankly.  One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.”

    read more.

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September 29, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment