Socio-Economics History Blog

Socio-Economics & History Commentary

Moscow ‘Ready for Larger-Scale Provocations’ by the West, Says Lavrov

The Russian Bear will not be bullied or intimidated by the west.

  • Moscow ‘Ready for Larger-Scale Provocations’ by the West, Says Lavrov
    by https://www.rt.com/
    Western provocation, the prospect of WWIII, and China’s closer stance with Russia are just some of the topics that Foreign Minister Sergey Lavrov has spoken about with RT France.

    “We will be ready for larger-scale provocations too. But our answer is very simple – if they talk to us through the media, we will respond through the media too, but specifically and in a correct manner,” Lavrov said, answering questions from RT France, Paris Match and Le Figaro.

    Going further, he said a third world war is an unimaginable scenario, noting that “everybody would be sane enough not to let it happen.” However, an aggravating factor is the absence of any dialogue between the Russian military and NATO.

    Tensions are still high between the two, Lavrov said, citing the recent mid-air incident in which a Spanish fighter jet accidentally released an air-to-air missile during a training mission in Estonian skies. “Thank God, there were no casualties, but what if it would have landed on Russian soil? Everything is so close there.”

    It all comes as the US is updating its nuclear doctrine, the top diplomat stated.

    They’re creating low-power nuclear weapons with a clear intent to potentially use them in combat.

    The toxic political climate in European capitals and Washington makes mending ties extremely hard, Lavrov added. While the European Commission remains “trapped” by countries opposing reconciliation with Russia, the American elites are also fueling tensions. “I think it’s silly to remain hostages to the whim of American lawmakers,” he said.

    While the West continues to slap Moscow with sanctions and trade cuts, Russia’s relations with Beijing and other Asian powers are on the rise. “We needed to compensate for the low level of economic cooperation with Europe,” the foreign minister explained. “And we saw growing opportunities for that in China, India, Japan, Korea.” China, after all, is Russia’s major international partner, he noted.

    We never had such relationships with China, like we have now.

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October 18, 2018 Posted by | GeoPolitics | , , , , , , | Leave a comment

Lynette Zang: Dollar Collapse & Gold

  • ITM Trading Streamed live on Oct 16, 2018
    yt-… Link to Slides and Sources: https://www.itmtrading.com/blog/takes…

    Question 1. Sean B: Would zirp apply to brokerage accounts? Would a brokerage money market account be safer than a bank account?
    Question 2. Stephanos R: How do you come up with 25 gold 1oz coins can buy you 1 square block, buildings and all?
    Question 3. Richard W: Can the US Treasury change the maturation date of a bill/note/bond? ie, changing a 6 month note that I purchase to a 30 year bond after the fact?
    Question 4. Ye K: Given gold and usd is currently so much stronger than Venezuala, Argentina dollar. Why would investors not take the opportunity to go raid their assets?
    Question 5. Donnie M: Is it likely that high priced beach front property will take biggest hit. While productive farm land will lose less?

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October 18, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Study Shows 2/3 of Americans Are Not as Polarized as the Media Wants You to Think

  • RT America Published on Oct 17, 2018
    A recent study called “Hidden Tribes: A Study of America’s Polarized Landscape” shows that about 2/3 of Americans have views far outside what the media promotes as our “national conversation.” They polled 8,000 Americans about issues like immigration, white privilege, sexual harassment, and a bunch of other stuff that the media focuses on these days, and spent about a year on the research, and they found that about 2/3 of Americans are what they call, the ‘exhausted majority.’ As in, most people feel just like you when they see what the media is focusing on. Exhausted from the utter crap.

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October 18, 2018 Posted by | Social Trends, GeoPolitics | , , , , , , , | Leave a comment

Venezuela Ditches US Dollar, Will Use Euros For International Trade

  • Venezuela Ditches US Dollar, Will Use Euros For International Trade
    by Tyler Durden, https://www.zerohedge.com/
    Venezuela has just taken the next step in its quest to “free” itself from the tyranny of US dollar hegemony. One year after the country said it would stop accepting US dollars as payment for its (ever shrinking) oil exports (saying the country’s state-run oil company would accept payment in yuan instead), Venezuelan Vice President for Economy Tareck El Aissami said Tuesday that Venezuela will officially purge the dollar from its exchange market in favor of euros.

    While we’re sure that Venezuelan President Nicolas Maduro would love to frame this as his latest gesture of defiance against tyrannical imperialist overreach by Washington, which he has blamed for aggravating the country’s humanitarian crisis by waging an “economic war” against the oil-rich nation, remember that the US effectively blocked the Venezuelan government from transacting in dollars last year when it imposed restrictive sanctions on the Maduro regime and the country’s state-run oil company, PDVSA. Maduro started the process of moving the country’s DICOM system of official tiered exchange rates in September 2017 when he declared that Venezuela would use a “new system of international payments.”

    read more.

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October 18, 2018 Posted by | Economics | , , , , , , | Leave a comment

Dollar Monopoly Slips as China & Japan Dump US Treasuries

  • Dollar Monopoly Slips as China & Japan Dump US Treasuries
    by https://www.rt.com/
    China and Japan – the two main holders of the US Treasury securities – have trimmed their ownership of notes and bonds in August, according to the latest figures from the US Treasury Department, released on Tuesday.

    China’s holdings of US sovereign debt dropped to $1.165 trillion in August, from $1.171 trillion in July, marking the third consecutive month of declines as the world’s second-largest economy bolsters its national currency amid trade tensions with the US. China remains the biggest foreign holder of US Treasuries, followed by long-time US ally Japan.

    Tokyo cut its holdings of US securities to $1.029 trillion in August, the lowest since October 2011. In July, Japan’s holdings were at $1.035 trillion. According to the latest figures from the country’s Ministry of Finance, Japanese investors opted to buy British debt in August, selling US and German bonds. Japan reportedly liquidated a net $5.6 billion worth of debt.

    Liquidating US Treasuries, one of the world’s most actively-traded financial assets, has recently become a trend among major holders. Russia dumped 84 percent of its holdings this year, with its remaining holdings as of June totaling just $14.9 billion. With relations between Moscow and Washington at their lowest point in decades, the Central Bank of Russia explained the decision was based on financial, economic and geopolitical risks.

    Turkey and India have followed suit. Like Russia, Turkey has dropped out of the top-30 list of holders of American debt following a conflict with Washington over the attempted military coup in the country two years ago. While India remains among the top-30, the country has cut its US Treasury holdings for the fifth consecutive month, from $157 billion in March to $140 billion in August.

    Earlier this week, Goldman Sachs said that US policy of sanctions and tariffs against major economies, including Russia, China and Iran, dragged down the dollar’s share of global central-bank reserves. Meanwhile, the data from the International Monetary Fund confirms that the US dollar’s share in the global central-bank reserves dropped to 62.3 percent from April to June, while holdings in the euro, yen and yuan gained as a share of allocated reserves.

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October 18, 2018 Posted by | Economics | , , , , , , , | Leave a comment

Trump’s 4 Triggers That Are Imploding The Deep State

October 18, 2018 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

Syria Accuses US of Supporting ISIS-Daesh

  • PressTV Published on Oct 15, 2018
    The Syrian Foreign Minister accuses the United States of supporting the Daesh terror group in Syria. Walid al-Muallem said the US is battling everything except the terrorists on Syrian soil. He made the comments during a joint press conference with his Iraqi counterpart Ibrahim al-Jaafari. For his part, Jaafari said Iraq’s victory against Daesh was a victory for the entire world. Meanwhile, Muallem also stressed that the terrorist-controlled province of Idlib should return to Syria completely.

http://ibankcoin.com/flyblog/2017/07/24/tulsi-gabbard-us-addicted-regime-change-cia-funded-armed-al-qaeda-syria/

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http://theantimedia.org/rand-paul-gabbard-arming-terrorists/

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  • Did Syria attack America or threaten American interests? Clearly NO! So why is America supporting terrorists to overthrow Assad? The people behind this are Illuminist-Satanists.
http://theantimedia.org/tulsi-gabbard-plan-refugee-crisis/

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https://socioecohistory.wordpress.com/2013/06/06/trevor-aaronson-inside-the-fbis-manufactured-war-on-terror/

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http://theantimedia.org/congresswoman-us-funds-isis-syria/

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https://twitter.com/DrJillStein/status/813213099427827712

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http://theantimedia.org/congresswoman-us-arming-isis/

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“For years we have been supplying anti-tank missiles and all sorts of weapons to the terrorists, to Al Nusra, sometimes to ISIS.. the entire array … Jaysh al-Islam …”
– Quote Senator Richard Black from 1:01 onwards

https://www.rt.com/usa/316558-us-training-jihadists-dick-black/

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https://www.wsws.org/en/articles/2014/07/30/isis-j30.html

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http://www.foreignpolicyjournal.com/2014/01/10/the-historical-us-support-for-al-qaeda/

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October 18, 2018 Posted by | GeoPolitics | , , , , , , , , , , | Leave a comment

US Imposes New Sanctions on Iran Banks, Companies

  • PressTV Published on Oct 16, 2018
    The United States has imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies ahead of the start of the next month’s new round of the US sanctions against the Islamic Republic.

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October 18, 2018 Posted by | Economics, GeoPolitics | , , | Leave a comment

In the World of American Politics, One Khashoggi Is Worth One Million Yemeni Lives. 12 Million Yemenis May Face Worst Famine in 100 Years

  • In the World of American Politics, One Khashoggi Is Worth One Million Yemeni Lives
    by MICHAEL HOWARD, https://ahtribune.com/
    At this point we can only assume that the Turkish version of events regarding the disappearance of Jamal Khashoggi is true. As always, I’m open to being proved wrong, and it’s certainly incumbent upon Ankara to release the audio evidence of which they claim to be in possession (though this, should it come out, will naturally be dismissed by the Saudis as fabricated or doctored), but the list of plausible alternative scenarios currently stands at zero. Khashoggi went into the Saudi consulate and was never seen again. If he had merely been kidnapped and jailed, we’d have heard from him by now. He would have appeared on Saudi state television and delivered some kind of scripted statement like Lebanese Prime Minister Saad Hariri did last November. The House of Saud appears to prefer this time of year, autumn, for abductions and assassinations.

    If Khashoggi was, in fact, whacked out by a Saudi hit squad—complete with torture and Goodfellas-style dismemberment—as the Turks maintain he was, then Crown Prince Mohammed bin Salman is even crazier than we thought. Since being named heir apparent by his senile father, King Salman, the crown prince has been on a mission to establish himself as the region’s chief thug. This is no small task, but MbS, as he’s blithely referred to, seems up to the challenge.

    As Patrick Cockburn recently wrote, the crown prince’s list of failures, in so short a span of time, is impressive. His escalation of the war in Yemen has achieved nothing unless you count mass murder and mass famine as achievements. The Houthis are holding fast, and the country has been all but obliterated. Perhaps, though, the Saudis view Yemen’s destruction favorably. Like the US invasion of Vietnam, Saudi Arabia’s overarching goal in Yemen is to demonstrate to the region what happens when populations revolt against their oppressors. You want to upend the status quo and realize a degree of independence and self-government, you’d better be prepared to be pulverized. That’s the warning being issued by Saudi Arabia in Yemen.

    read more.

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October 18, 2018 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

Jim Rickards: We Are OVERDUE For A Global Monetary Reset

  • Jim Rickards: We Are OVERDUE For A Global Monetary Reset
    by Jim Rickards interviewed on The Great Reset Opportunity Report, via https://www.silverdoctors.com/
    Jim has spoken with international bankers, and they’re saying the monetary system is too incoherent, and something must be done about it. Here’s more…

    Economist, investment banker, and author James Rickards discusses interest rates, the stock market, the US economy, precious metals, the risk of financial calamity, the future of the Fed and much more.

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

Pages Purged by Facebook Were on Blacklist Promoted by Washington Post

  • Pages Purged by Facebook Were on Blacklist Promoted by Washington Post
    by Andre Damon, http://www.wsws.org/
    Media outlets removed by Facebook on Thursday, in a massive purge of 800 accounts and pages, had previously been targeted in a blacklist of oppositional sites promoted by the Washington Post in November 2016.

    The organizations censored by Facebook include The Anti-Media, with 2.1 million followers, The Free Thought Project, with 3.1 million followers, and Counter Current News, with 500,000 followers. All three of these groups had been on the blacklist.

    In November 2016, the Washington Post published a puff-piece on a shadowy and up to then largely unknown organization called PropOrNot, which had compiled a list of organizations it claimed were part of a “sophisticated Russian propaganda campaign.”

    The Post said the report “identifies more than 200 websites as routine peddlers of Russian propaganda during the election season, with combined audiences of at least 15 million Americans.”

    The publication of the blacklist drew widespread media condemnation, including from journalists Matt Taibbi and Glenn Greenwald, forcing the Post to publish a partial retraction. The newspaper declared that it “does not itself vouch for the validity of PropOrNot’s findings regarding any individual media outlet.”

    While the individuals behind PropOrNot have not identified themselves, the Washington Post said the group was a “collection of researchers with foreign policy, military and technology backgrounds.”

    PropOrNot, which remains active on Twitter, publicly gloated about Facebook’s removal of the pages on Thursday. “Russian propaganda is VERY VERY MAD about their various front outlets & fellow travellers getting suspended by @Facebook &/or @Twitter,” it wrote. The tweet tagged The Anti Media and The Free Thought Project, and included a Russian flag emoji next to an emoji depicting feces.

    read more.

http://www.carlbernstein.com/magazine_cia_and_media.php

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http://americanfreepress.net/?p=20355

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October 17, 2018 Posted by | GeoPolitics, Social Trends | , , , , , , , , | Leave a comment

Huge!! Petrodollar Collapse? Saudi Arabia Warns $200 Barrel Oil?!

  • US sanctions on Riyadh would mean Washington is stabbing itself
    by Turki Aldakhil, https://english.alarabiya.net/
    I read the Saudi statement in response to the American proposals regarding sanctions on Saudi Arabia. The information circulating within decision-making circles within the kingdom have gone beyond the language used in the statement and discuss more than 30 potential measures to be taken against the imposition of sanctions on Riyadh. They present catastrophic scenarios that would hit the US economy much harder than Saudi Arabia’s economic climate.

    If US sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world. Riyadh is the capital of its oil, and touching this would affect oil production before any other vital commodity. It would lead to Saudi Arabia’s failure to commit to producing 7.5 million barrels. If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure.

    An oil barrel may be priced in a different currency, Chinese yuan, perhaps, instead of the dollar. And oil is the most important commodity traded by the dollar today. All of this will throw the Middle East, the entire Muslim world, into the arms of Iran, which will become closer to Riyadh than Washington.

    There are simple procedures, that are part of over 30 others, that Riyadh will implement directly, without flinching an eye if sanctions are imposed. This is all when it comes to oil, but Saudi Arabia is not just about oil, it is a leader in the Muslim world with its standing and geographical importance. And perhaps trusted exchange of information between Riyadh and America and Western countries will be a thing of the past after it had contributed to the protection of millions of Westerners, as testified by senior Western officials themselves.

    Imposing any type of sanctions on Saudi Arabia by the West will cause the kingdom to resort to other options, US President Donald Trump had said a few days ago, and that Russia and China are ready to fulfill Riyadh’s military needs among others. No one can deny that repercussions of these sanctions will include a Russian military base in Tabuk, northwest of Saudi Arabia, in the heated four corners of Syria, Israel, Lebanon and Iraq.

    At a time where Hamas and Hezbollah have turned from enemies into friends, getting this close to Russia will lead to a closeness to Iran and maybe even a reconciliation with it.

    It will not be strange that Riyadh would stop buying weapons from the US. Riyadh is the most important customer of US companies, as Saudi Arabia buys 10 percent of the total weapons that these US companies produce, and buys 85 percent from the US army which means what’s left for the rest of the world is only five percent; in addition to the end of Riyadh’s investments in the US government which reaches $800 billion.

    The US will also be deprived of the Saudi market which is considered one of the top 20 economies in the world. These are simple procedures that are part of over 30 others that Riyadh will implement directly, without flinching an eye if sanctions are imposed on it, according to Saudi sources who are close to the decision-makers.

    The truth is that if Washington imposes sanctions on Riyadh, it will stab its own economy to death, even though it thinks that it is stabbing only Riyadh!

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

Donald Trump Claims US Has No Ally ‘Worse Than the EU’ in Candid Interview

  • Donald Trump Claims US Has No Ally ‘Worse Than the EU’ in Candid Interview
    by https://sputniknews.com/
    In a “60 Minutes” interview with CBS’s Lesley Stahl that aired on Sunday night, US President Donald Trump was pushed on far-ranging topics, including China, Saudi Arabia, Vladimir Putin, climate change, and his own administration. Sputnik takes a look at the most flamboyant statements and the POTUS’s fierce rhetoric.

    The 
    ‘Worst’ European Partners
    Donald Trump has once again lashed out at his trans-Atlantic partners as Washington and Brussels have been drifting apart on trade over his protectionist import tariffs.


    “I mean, what’s an ally? We have wonderful relationships with a lot of people. But nobody treats us much worse than the European Union. The European Union was formed in order to take advantage of us on trade, and that’s what they’ve done,” he said. “It sounds hostile,” the interviewer replied.

    “It’s not hostile. You know what’s hostile? The way they treat us. We’re not hostile,” he shot back. “We’ve been the stupid country for so many years.”

    The 
    ‘Vicious’ White House
    Trump indicated that there were “some people that [he’s] not happy with” without naming them, but indicated that Defense Secretary Jim Mattis might be “a sort of a Democrat” and “could be” going to leave his post. This echoed recent reports in American media that their relations have become strained behind close doors.


    Trump also confessed that not everyone in Washington is trustworthy. “I’m not saying I trust everybody in the White House. I’m not a baby. It’s a tough business. This is a vicious place. Washington, DC, is a vicious, vicious place. The attacks… the bad-mouthing, the speaking behind your back. But, you know, and in my way, I feel very comfortable here.”

    read more.

https://www.biblegateway.com/passage/?search=Revelation+17%3A16&version=NKJV

https://socioecohistory.wordpress.com/2017/06/16/is-washington-dc-the-city-of-7-hills-the-endtimes-babylon-city-2/

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October 17, 2018 Posted by | GeoPolitics | , | Leave a comment

Gerald Celente – Financial Emergency: As Forecast “Economic 9/11?”

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

Dr. Mark Skidmore: $21 Trillion “Missing” Money Huge Implications for Dollar. Entire Federal Budget Now National Security Secret

  • Dr. Mark Skidmore: $21 Trillion “Missing” Money Huge Implications for Dollar. Entire Federal Budget Now National Security Secret
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Michigan State Economics Professor Mark Skidmore made a stunning discovery late last year. Using publicly available government accounting reports, he revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). The data he used has been scrubbed, all accounting records are heavily redacted and now the federal government has declared its accounting falls under “national security.” Dr. Skidmore can no longer get the government to respond. Dr. Skidmore explains, “At this point, they are no longer responding to any of my inquiries. They are just not answering, and that is very astounding . . . and you can go on and look at the report yourself and see all of it blacked out. I actually lost sleep over that. That really bothered me. . . . Now, they are not even using standard accounting financial reporting rules. They are just moving things around and not telling anybody. So, first, all of this stuff is hidden because it is a national security issue, and now they are just changing the accounting standards. I would ask is that constitutional? I don’t think so. Does it match any of our financial reporting laws? I don’t think so. I am not sure what gives the government the authority to make that decision, and, yet, it’s happening.”

    The revelation that there is an additional $21 trillion dollars that cannot be accounted for on top of the more than $21 trillion officially in federal debt is an astounding number. It is probably the most important data point since the Federal Reserve was founded in 1913. Dr. Skidmore says, “It’s a huge amount of money to not be able to explain, and they are not explaining it.”

    Dr. Skidmore says there is a limit to money printing even when all the global central banks are doing it. Skidmore says, “What does it mean when a central bank is buying equities, or buying debt with printed money in order to suppress interest rates and keep this game going? I think, overall, the whole world is awash in debt, and it’s expanding at a rate that is unsustainable. The only way it has been sustained is that interest rates have been falling for 30 years. Now, interest rates are no longer falling, and we are running up against a constraint. Now, if this $21 trillion in ‘missing’ federal money really represents spending above and beyond what the official records indicate, then that has huge financial implications and huge implications for confidence in the dollar as the reserve currency. This is an enormous priority to address and not just cover up and say we are all good.”

    In closing, Dr. Skidmore says, “How can you have a democracy if you don’t have any transparency whatsoever? Having integrity and confidence is so essential to the whole system, and this just puts everything in question. . . . We should clean this up and show we are legitimate. If we don’t, we are just shooting ourselves in the foot.”

http://www.wnd.com/2016/08/6-5-trillion-missing-from-defense-department/

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http://crooksandliars.com/2015/06/report-reveals-85-trillion-missing

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October 16, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment