Socio-Economics History Blog

Socio-Economics & History Commentary

Was The End Of The Petro Dollar Just Announced By The President?

  • X22Report Published on Oct 5, 2018
    Venezuela is ready to unleash the Petro on Nov 5. Mattress Firm files for bankruptcy. NY Fed lowers the growth rate for the 3rd and 4th Q. U.S. Unemployment Rate Falls to Lowest Level Since 1969. The unemployment rate fell to 3.7%. Trump signals the end of the Petro dollar. When Trump warned Saudi Arabia this was phase I of destroying the entire central bank system.

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October 8, 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

It’s All About To Drop, And It Won’t Be Easy For Some: “V” The Guerrilla Economist

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

We Are Witnessing The Nation Being Prepared For A New Economic System

  • X22Report Published on Aug 30, 2018
    The Feds inflation indicator jumps and finally hits their target. The Fed has no excuse now but to raise the interest rate to keep the economy from overheating. Trump decides that non military federal employees will not get raises starting in 2019. Strange that he would do this now since the economy is doing so well. This is part of the plan, shutdown departments, stop raises, let go Federal employees. All of this is in preparation for the new economic system.

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September 1, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

The Economic Recovery Is Not What It Seems: Daniel Ameduri

August 17, 2018 Posted by | Economics | , , , , , , | Comments Off on The Economic Recovery Is Not What It Seems: Daniel Ameduri

MASSIVE U.S. Store Closures in 2018! Can You Guess the Only Company Opening Stores?

April 7, 2018 Posted by | Economics | , , , , , , | Comments Off on MASSIVE U.S. Store Closures in 2018! Can You Guess the Only Company Opening Stores?

Fund Manager: Fake Job’s Report, Fed/Bank Collusion, & Gold Forecast

  • SilverDoctors Published on Mar 16, 2018
    The last job’s report was the best since July 2016. February saw 313,000 jobs added in the U.S. But Fund Manager David Kranzler reveals these statistics are misleading, and the truth is the U.S. actually lost full time jobs last month. Kranzler reveals new evidence of collusion between the big New York banks and the Federal Reserve. Co-host Eric Dubin reminds us the Federal Reserve is owned by America’s banks. (See: https://www.frbsf.org/education/publi…)

    Kranzler also discusses the naming of former chief economist at Bear Sterns Larry Kudlow as head of White House National Economic Council. As for the gold price, Kranzler forecasts a price takedown for gold, and then gold purchases from China and India will push the price upward.

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March 17, 2018 Posted by | Economics | , , , , , , , , , , | Comments Off on Fund Manager: Fake Job’s Report, Fed/Bank Collusion, & Gold Forecast

It’s Official, Countries Talked About Dumping The Dollar & Now They Are Doing It

  • X22Report Published on Mar 1, 2018
    Best Buy is closing 250 of it’s mobile stores, there strategy just a couple years ago was to shrink the big stores and open these mobile stores. Jobless claims are back to the level of 1969, the Nixon administration, hmmmm. Real personal spending drops. The FED is going to raise rates and as rates increase the entire economy is going to come down just like it did in 2008. Iran just officially dumped the US dollar, China and Russia are dumping the dollar other countries are doing the same, these countries realize that the system is about to crash and it’s time to act.

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March 2, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on It’s Official, Countries Talked About Dumping The Dollar & Now They Are Doing It

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

October 10, 2017 Posted by | Economics | , , , , , , , , , , , , | Comments Off on Buried In The Fed’s Report It Reveals The Truth About The Economy: Charles Hugh Smith

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 | , , , , , , , , , , , , , , , | Comments Off on Russia And China Continue To Hoard Gold To Prepare For The Dollar Collapse

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