Socio-Economics History Blog

Socio-Economics & History Commentary

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

Russia And China Continue To Hoard Gold To Prepare For The Dollar Collapse

  • X22Report Published on Oct 3, 2017
    The unemployment rate in the EU has been unchanged since 2009 but the youth unemployment rate is very high. Mortgage lenders are now taking it to the next level, they will help with student loan payments if the student purchases a house and takes out more debt. Russia and China are hoarding gold to prepare for the collapse of the dollar. 

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

Dick’s CEO: “The Retail Industry Is In Panic Mode”

  • Dick’s CEO: “The Retail Industry Is In Panic Mode”
    by Tyler Durden, http://www.zerohedge.com
    With Dick’s stock crashing after reporting dreadful results this morning, in which both comp sales and EPS missed as the company slashed its full year guidance below even the lowest sellside forecast (it now sees full year EPS of $2.80 to $3.00, below the previous guidance of $3.65 to $3.75 and the Wall Street estimate of $3.62 ), the management team had no reason to hold back on today’s earnings call, and luckily – unlike many other retailers who still hold out hope that the worst is behind them – it did not, for an unvarnished look into the retail space.

    Confirming just how little pricing power retailers have, CEO Ed Stack said “we have conducted extensive consumer research, and the customers have told us they feel our prices are not competitive in today’s environment” in which everyone is slashing price to capture market share, and as a result the company is “intentionally joining this battle, and we will aggressively be promoting our business to drive market share to our stores and online.”

    read more.

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August 16, 2017 Posted by | Economics | , , , , , | Comments Off on Dick’s CEO: “The Retail Industry Is In Panic Mode”

The Retail Apocalypse is About to Claim Thousands More Stores – What You Need to Know

August 5, 2017 Posted by | Economics | , , , , | Comments Off on The Retail Apocalypse is About to Claim Thousands More Stores – What You Need to Know

Money Supply Drops, Last Time This Happened It Ended In A Disaster

  • Published on Jul 21, 2017
    Get economic collapse news throughout the day visit http://x22report.com

    IMF executive board decides to give Greece a conditional loan but wants more austerity and a plan to reduce debt. Sales are plunging for GM, they are closing plants, laying off workers and discontinuing cars. Pensions are in trouble, many corporate pensions are underfunded and it is only going to get worse. The myth that there was cash on the side lines, is just that a myth, there is no more cash on the side lines.  The money supply has dropped and we have seen this back in 2008, this is an indicator that the economy is entering a recession. The central banks are panicking, once they announced that stimulus is ending the market took a dive, the central bank then backtracked on everything .

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July 22, 2017 Posted by | Economics | , , , , , , , , , , , , , | Comments Off on Money Supply Drops, Last Time This Happened It Ended In A Disaster

Ever More Official Lies from the US Government

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  • Ever More Official Lies from the US Government
    by Paul Craig Roberts, http://www.paulcraigroberts.org/
    The false reality constructed for Americans parallels perfectly the false reality constructed by Big Brother in George Orwells’ dystopian novel 1984.

    Consider the constant morphing of “the Muslim threat” from al-Qaeda to the Taliban, to al-Nusra, to ISIS to ISIL, to Daesh with a jump to Russia. All of a sudden 16 years of Middle East wars against “terrorists” and “dictators” have become a matter of standing up to Russia, the country most threatened by Muslim terrorism, and the country most capable of wiping the United States and its vassal empire off of the face of the earth.

    Domestically, Americans are assured that, thanks to the Federal Reserve’s policy of quantitative easing, that is, flooding the financial markets with newly printed money that has driven up the prices of stocks and bonds, America has enjoyed an economic recovery since June of 2009, which must be one of the longest recoveries in history despite the absence of growth in median real family incomes, despite the growth in real retail sales, despite the falling labor force participation rate, despite the lack of high value-added, high productivity, high wage jobs.

    The “recovery” is more than a mystery. It is a miracle. It exists only on fake news paper.

    According to CNN, an unreliable source for sure, Jennifer Tescher, president and CEO of the Center for Financial Services Innovation, reports that about half of Americans report that their living expenses are equal to or exceed their incomes. Among those aged 18 to 25 burdened by student loans, 54% say their debts are equal to or exceed their incomes. This means that half of the US population has ZERO discretionary income. So what is driving the recovery?

    Nothing. For half or more of the US population there is no discretionary income there with which to drive the economy. The older part of the population has no discretionary income either. For a decade there has been essentially zero interest on the savings of the elderly, and if you believe John Williams of shadowstats.com, which I do, the real interest rates have been zero and even negative as inflation is measured in a way designed to prevent Social Security cost of living adjustments.

    In other words, the American economy has been living on the shrinkage of the savings and living standards of its population.

    Last Friday’s employment report is just another lie from the government. The report says that the unemployment rate is 4.4% and that June employment increased by 222,000 jobs. A rosy picture. But as I have just demonstrated, there are no fundamentals to support it. It is just another US government lie like Saddam Hussein’s weapons of mass destruction, Assad’s use of chemical weapons against his own people, Russian invasion of Ukraine, and so forth and so on.

    The rosy unemployment picture is totally contrived. The unemployment rate is 4.4% because discouraged workers who have not searched for a job in the past four weeks are not counted as unemployed.

    The BLS has a second measure of unemployment, known as U6, which is seldom reported by the presstitute financial media. According to this official measure the US unemployment rate is about double the reported rate.

    read more.

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July 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Comments Off on Ever More Official Lies from the US Government

The Next Economic Crisis Is Going To Leave The Majority Of People In Shock

  • Published on Jun 15, 2017
    EU has decided to put Greece further into debt. It is becoming clear that Greece will never get out of this debt hole. 70% of the people support the BREXIT. Canada’s existing home sales has declined rapidly. Bitcoin dropped on worries about cyber attacks and regulations. Nike cutting 1500 people. The US manufacturing industry declines once again. Illinois is worse now than back in the great depression of the 30s. Bloomberg’s Mike Cudmore says the Fed has just pushed us into a recession, what he really means a collapse of the economy. Japan has decided that they will look into joining China’s belt and road trade system. The Fed is now pushing the collapse is not holding back, most of the people are going to be shocked when this hits.

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June 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on The Next Economic Crisis Is Going To Leave The Majority Of People In Shock

93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model

  • 93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model
    by Tyler Durden, http://www.zerohedge.com
    According to the prevailing narrative, job growth in the US, where GDP over the past decade has been on par with that in the 1930s, is one of the otherwise brighter economic indicators in a time when much of the economic data such as capital spending, productivity and especially wage growth (so critical for the Fed’s future plans) has been a chronic disappointment. Today, for example, headlines blast that the US has enjoyed 80 months of continuous jobs growth with unemployment hitting 4.3% – the lowest since 2001. However, there is more to this “strong” number than meets the untrained eye.

    As our friends at Morningside Hill calculate, a full 93% of the new jobs reported since 2008 – 6.3 million out of 6.7 million – and 40% of the jobs in 2016 alone were added through the business birth and death model – a highly controversial model which is not supported by the data. On the contrary, all data on establishment births and deaths point to an ongoing decrease in entrepreneurship.

    read more.

BLS: Bureau of Lying Statistics

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June 5, 2017 Posted by | Economics | , , , , | Comments Off on 93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model

People Not In Labor Force Soar By 608,000

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June 3, 2017 Posted by | Economics | , , , , | Comments Off on People Not In Labor Force Soar By 608,000

Rand Paul: Paris Climate Deal Is a ‘Disaster for American Jobs’

  • Rand Paul: Paris Climate Deal Is a ‘Disaster for American Jobs’ 
    by http://insider.foxnews.com/
    Sen. Rand Paul, (R-KY) forcefully recommended abandoning the Paris climate deal, calling it a “disaster for American jobs.”

    The Paris climate accord was signed by former president Barack Obama and almost 200 other countries in 2015. The non-binding agreement, never ratified by Congress sets goals for cutting carbon emissions in each country, standards many have struggled to meet.

    Paul said he hopes President Trump pulls out of the deal, and commented that he is pleased the president has not signed international agreements that would have put the United States at an economic disadvantage.

    “President Trump has shown a great deal of concern for workers in my state, people in the energy industry, and really for American jobs in general,” the senator told host Jenna Lee on “America’s News HQ.”

    read more.

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June 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | Comments Off on Rand Paul: Paris Climate Deal Is a ‘Disaster for American Jobs’

China’s Belt & Road Will Push The Petrodollar To It’s Doom

  • Published on May 15, 2017
    Empire fed plunges into contraction and as the economy declines. Business investment continues to decline. Trump’s trade rep get sworn in which will allow the NAFTA negotiations to begin. Citis surprise index has plummeted and Morgan Stanley’s indicators are imploded signalling a major problem headed our way. Paul Krugman warns that Trump will collapse the economy. Russia, China and other nations join to discuss the belt and road initiative. The trade system will be free trade it will destroy the petrodollar.

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May 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Comments Off on China’s Belt & Road Will Push The Petrodollar To It’s Doom

The Central Bank Signals That It’s On Track To Bring The Entire System Down

  • Published on May 3, 2017
    Puerto Rico declares bankruptcy, the restructuring is larger than Detroit. EU blackmails any country that wants to leave the EU, now they want 100 billion euros. ADP employment declines. US auto sales decline as there are more delinquencies among the American people. The debt debacle is not even being talked about. Insiders are selling stocks at a record pace, do they know something we don’t. The Fed explains why the economy is still doing well, the recent numbers are just transitional, the push for the collapse is on and most likely they will raise rates in June.

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May 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on The Central Bank Signals That It’s On Track To Bring The Entire System Down

Rob Kirby: Elites Plan WWIII to Hide Next Global Financial Crisis? The Planned Depopulation Genocide of 6 Billion

  • Published on Apr 20, 2017
    Jason Burack of Wall St for Main St interviewed former derivatives broker/dealer & institutional trader in Toronto, derivatives expert Rob Kirby http://www.kirbyanalytics.com/.


    Rob has over 20 years experience working in the financial industry in different jobs in Toronto, Canada. Rob’s full bio is available here: http://www.kirbyanalytics.com/author…. 

    To start off the interview Jason asks Rob about the gold and silver market. Rob thinks the paper price manipulation is wearing off and working less due to the law of diminishing returns. Rob is predicting a major silver supply crisis in the next few years.

    Next, Jason asks Rob about the first 3 months of President Trump’s administration and if Rob likes anything Trump has done so far? Jason and Rob discuss Trump’s 180 change in foreign policy and why Trump won’t fire anyone who sources are confirming are leaking and sabotaging his ability to get things done.

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April 24, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Rob Kirby: Elites Plan WWIII to Hide Next Global Financial Crisis? The Planned Depopulation Genocide of 6 Billion

A Quarter Of Millennials Living At Home Neither Work Nor Study

  • A Quarter Of Millennials Living At Home Neither Work Nor Study
    by Tyler Durden, http://www.zerohedge.com
    At one point in time in America, living at home with mom and dad after crossing out of your teenage years and into your 20s was embarrassing and something that was generally avoided at all costs.  And while hard times come and go, 20-somethings who were forced back into their parents’ care worked their tails off until they could save up enough money to once again regain their freedom.

    But, these days millennials seem to be embracing the free room and board provided by their parents.  According to a new study from the Census Bureau, roughly one-third of all millennials live at home with their parents and one-fourth of them can’t be bothered with enrolling in school or finding a job.

    According to the following chart from Bloomberg, there are 2.2 million millennials who live at home with mom but neither attend classes nor have a job.  Of those, 40% of them are already in their 30’s, they’re predominantly white and have a high school diploma or less.

    read more.

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April 21, 2017 Posted by | Economics, Social Trends | , , , , | Comments Off on A Quarter Of Millennials Living At Home Neither Work Nor Study

For The First Time In Its History, Subway Shutters Hundreds Of US Stores

  • For The First Time In Its History, Subway Shutters Hundreds Of US Stores
    by Tyler Durden, http://www.zerohedge.com
    For the first time in its 52 years of operation, Subway announced that it contracted in 2016, shuttering 359 US locations which as Bloomberg described was the “biggest retrenchment in the history of the restaurant chain” whose total store count dropped 1.3% from 27,103 in 2015 to 26,744 even as it remained the most ubiquitous fast-food eatery in the US, although McDonalds still tops if by sales.

    “Sales for 2016 reflect our focus on international growth,” the Connecticut-based company said in a statement. “We are undertaking an exciting transformation that includes introducing new and improved products, creating an even greater customer experience, refining operations, and positioning Subway franchisees for continued success.”

    Confirming that the domestic sales slowdown has continued into 2017, even as the Sub-par chain has been competing with dozens of newer, more exciting fast food eateries, U.S. same-store sales continued to slide during March, dropping 0.6% in the fourth straight month of decreases, according to MillerPulse data cited by Bloomberg.

    read more.

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April 21, 2017 Posted by | Economics, Social Trends | , , , , | Comments Off on For The First Time In Its History, Subway Shutters Hundreds Of US Stores