Socio-Economics History Blog

Socio-Economics & History Commentary

Google CEO’s Testimony ‘Deflated & Destroyed Russian Interference Narrative’ – Lionel

  • RT America Published on Dec 12, 2018
    Google is back in the headlines after its CEO Sundar Pichai testified about political bias and data collection before a Congressional committee. Legal and media analyst Lionel of Lionel Media joins News.Hughes.Hughes to share his insights.


December 13, 2018 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

“Stronghold Of Evil” – Russia Slams America’s Illegal Syrian Occupation

  • “Stronghold Of Evil” – Russia Slams America’s Illegal Syrian Occupation
    by Tyler Durden,
    On Tuesday a top Russian military official slammed the United States for “illegally occupying” a massive zone in southwest Syria surrounding the American garrison of al-Tanf, effectively protecting some 6,000 armed militants that Russia has designated terrorists.

    The Head of Russia’s National Defense Control Center, Colonel-General Mikhail Mizintsev, called the US-occupied area “the last stronghold of evil” which continues to fester with militants “on the territory of the independent state”. He identified a 55 km zone surrounding the base in a desert region along the Syrian-Iraq border, which American special forces and US-backed FSA groups have held since 2016 after taking the key crossing from ISIS. 

    “Perhaps, only our American partners do not want to see up to date how much has been done to revive peaceful life in Syria. They are holding with incomprehensible stubbornness the occupied 55 km area around al-Tanf where 6,000 armed militants are on the loose and are preventing the disbanding of the Rukban refugee camp,” the general said at a Syrian-Russian inter-departmental coordination headquarters, according to TASS.

    read more.


December 13, 2018 Posted by | GeoPolitics | , , , , , , | Leave a comment

Trump’s Deal of Century Faces Set Back Till Next February, March or Even April!

Note: the idea of expanding Gaza into the Sinai desert is BOGUS. The Zionists want to expel all Palestinians in Gaza into the Sinai desert.

  • Trump’s Deal of Century Faces Set Back Till Next February, March or Even April!
    The Trump administration plans to unveil its long-awaited peace plan in February, but its release may be delayed until March or April as it trains new staff on a team dedicated to the coming diplomatic effort, according to US officials familiar with the matter.

    Publication of the plan – a project that is two years in the making, led by US President Donald Trump’s son-in-law, Jared Kushner, and his longtime attorney and adviser, Jason Greenblatt – has faced repeated delays.

    Members of the tight-knit peace team bristled at timetables and deadlines, but now privately admit that their timing will never be perfect for the launch of a fresh peace process reliant on participation of Israelis, Palestinians and Arabs navigating their own complex politics.

    The team has given up on the belief that the Palestinians will come to the table of their own accord, without first viewing the contents of the plan first. For several months after Trump recognized Jerusalem as Israel’s capital a year ago, Kushner and Greenblatt expressed hope that Palestinian Authority leaders might simply need time to vent their frustrations, only to come back around.

    That has not happened, leading the team to believe that they will need significant regional buy-in. Kushner is said to be aiming for a February release, but one source briefed on the strategic plan said he expects the plan to launch no earlier than March.

    In September, at the UN General Assembly in New York, Trump told reporters he wanted the peace process to start within two to four months. His aides have now dropped that language and admit that the outer limits of Trump’s timeline will not be met.

    read more.


December 13, 2018 Posted by | GeoPolitics, Social Trends | , , , , , , , , , | Leave a comment

Egon von Greyerz: Most Massive Wealth Destruction Ever Coming

  • Egon von Greyerz: Most Massive Wealth Destruction Ever Coming
    by Greg Hunter’s 
    Financial and precious metals expert Egon von Greyerz (EvG) says don’t expect the global financial situation to get better anytime soon. EvG says, “You know what the politicians are doing now? Theresa May is my best example. These politicians are just running around posing and acting, but they are not achieving anything, and they are not achieving anything because the world is in a mess. What we are seeing the beginning of is the decline of the western world economy, which means the whole world economy. . . . There is no use in putting a time period on it, that it’s going to happen this year or next year. The trend is clear. We know that the world economy is in a mess. It’s going to decline, and in my view, it’s going to be a rapid decline.. . . Gold will reflect all of this, and currencies will be totally debased. . . . You don’t need a lot, you might only need another few snowflakes to trigger this avalanche. It could come in a month or in three months time because the system is a fake system. . . . I count $2 quadrillion in money. If you add debt, unfunded liabilities and the risk of derivatives, you come up to $2 quadrillion of debt and liabilities. The global GDP is $70 trillion. . . . So, you are talking about 30 times global GDP.”

    What could go wrong? EvG says, “You don’t need much to go wrong. It will happen. They have no remedy anymore. 2007 to 2009, I have said many times that was a rehearsal. The real thing is coming now or in the next few years, and no money printing will ever stop it. They will try, but they will fail. This is why you will get the depressionary hyperinflation, and when that fails you get the implosion of the system. All values will shrink to very low numbers, all assets and debts will shrink together. That is the longer term play. It’s not going to be nice for the world. It’s going to be horrible for the world.”

    read more.


December 13, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

USAF Confirms: Chinese Stealth Jet In Georgia Is A Mock-Up For War Preparations

  • USAF Confirms: Chinese Stealth Jet In Georgia Is A Mock-Up For War Preparations
    by Tyler Durden,
    Last Thursday, the Aviationist tweeted a photo of a mysterious combat aircraft which resembled a fifth-generation Chinese fighter jet, claiming the photo was taken at the Savannah/Hilton Head International Airport, a commercial and military-use airport in Savannah, Georgia, on Wednesday, December 05.

    For several days, wild theories circulated social media channels, of why a Chinese stealth jet was parked on the tarmac of a Georgian military base.

    It turns out the aircraft is real, but only a mock-up for use by the US Marine Corps (USMC), 

    “It is a full-scale replica and remained at the Air Dominance Center for a short period during the week of 4-6 Dec. The USMC is funding and directing the training objectives of this device […] Col. Emmanuel Haldopoulos, Commander of the Savannah Air Dominance Center, wrote the Aviationist in an email.

    Haldopoulos did not specify the role of the mock-up stealth jet, but there is a reason to believe that the US military is preparing its pilots for an aerial battle over the South China Sea.

    The J-20 mock-up hints that the US is preparing its pilots of F-22 Raptors and F-35 Lightning II Joint Strike Fighters for possible future dogfights with China. The Chinese stealth fighter showed off its missile bays last month at an airshow in southern China.

    The J-20’s chief designer recently said the world has yet to see the best that the aircraft has to offer. The J-20 mock-up shows the American military is taking the Chinese threat seriously, as the Pentagon prepares for war. 

    read more.


December 13, 2018 Posted by | GeoPolitics | , , | Leave a comment

Red, White & Blue Dawn? US Aerial Drill Simulates Full-Scale ‘Forcible Entry’ Invasion

  • Red, White & Blue Dawn? US Aerial Drill Simulates Full-Scale ‘Forcible Entry’ Invasion
    A “conga line” of over 10 transport aircraft startled aviation fans during the US military’s annual “Joint Forcible Entry Exercise” in the skies of Nevada.

    Noticing the large line of C-130 Hercules and C-17 Globemaster III aircraft carriers prepared for take off at the Dyess Air Force base in Texas early Sunday morning, some aviation fans on Twitter became understandably worried.

    As it turns out, the aircraft were assembled for a yearly drill carried out by the US air force. After taking off from the Texas base, the aircraft took the skies over Nevada and headed to the Nellis Test and Training Range (NTTR) in the remote South West corner of the state.

    The drill simulates a large scale “backdoor” invasion targeting a “world-class” opposing enemy force, presumably with a geography similar to massive open plains of the Nevada desert. The army’s website describes the drill as “one of the most challenging and complex missions” they are assigned.

    The exercise simulates a “large-scale” drop of airborne troops parachuting over enemy territory and skydiving into “contested” areas in order to set up a base to strike further inland, according to the base’s webpage.

    Aside from ominously prepping its soldiers for an all out invasion, the army’s description of the drill in 2015 says it calls for a host if block-buster movie offense scenarios including neutralizing hostile air defense, multiple air-assault helicopter attacks, elimination of time sensitive targets and “unconventional warfare”.

    read more.


December 13, 2018 Posted by | GeoPolitics | , | Leave a comment

China Retaliates Against Apple for Huawei Arrest

  • RT America Published on Dec 11, 2018
    History Professor Gerald Horne joins Rick Sanchez to discuss the arrest of Huawei CFO Meng Wanzhou in Canada and the retaliatory measures taken in China.


December 13, 2018 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

THE BEAR IS HERE: Is Your Exit Blocked?

  • ITM Trading Streamed live 2 hours ago
    Link to the Slides and Sources:…
    I believe that enough risk has now been transferred, to usher in the next financial crisis. Which will most likely be caused by derivative leverage explosions along with evaporating market liquidity. Weekly equity outflow reports and market trading volumes might be telling us that the selling has begun. On December 10, 2018 she warned about the “Gigantic holes in the system” and stated that the “tools that are available to deal with emerging problems are not great in the United States” and now, warns of another potential financial crisis. Ya think? Perhaps that’s why central banks and governments are accumulating gold at the highest levels since 2015. They have a plan…do you?


December 13, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

‘Hate Speech’ Manipulation? Breitbart Claims Google Targeted Ad Revenue to Bring Down Site

  • RT Published on Dec 12, 2018
    The right-wing American website Breitbart says it’s got hold of emails which, it says, shows Google staff plotted the site’s downfall by targeting its advertising revenue for ‘hate speech’ and ‘fake news’. READ MORE:


December 13, 2018 Posted by | GeoPolitics, Social Trends | | Leave a comment

Jim Willie: Gold and Global Financial Crisis Redux

  • Jim Willie: Gold and Global Financial Crisis Redux
    by Jim Willie CB,, via
    The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby JPMorgan and Goldman Sachs bought a few $billion in mortgage bonds and never paid Lehman Brothers. The firm died, called a financial failure, but was actually a strangulation. Goldman went on to capture AIG, in order to claim 100 cents per dollar on insured mortgage bonds, a second crime. The Wall Street banks, under the leader Henry Paulsen as the managing USTreasury Secretary, completed the third crime, by pitching the $700 billion TARP Fund. They stole it, using the fund for enriching themselves with redeemed preferred stock, instead of making the funds available for lending purposes. Here ten years later, nothing has been fixed. In fact, all the abuses heaped upon the mortgage finance sector have been repeated in sovereign bonds. The USTreasury Bond has become a subprime bond, financed by pure monetization, almost no actual bonds buyers, $trillion annual deficits, auctions rigged, with hidden demand from the derivative machinery. It qualifies as a Third World debt security. The corporate bonds were routinely abused in stock buybacks, hardly ever ploughed back into the business. High yield bonds are the norm now, along with the wrecked Emerging Market bonds. There are many analysts who call the current situation the Everything Bond Bubble.

    The Jackass prefers the name of Systemic Lehman Event, since it is part 2 with the exact same monetary abuse, bond fraud in underwriting, with a QE chaser. The Quantitative Easing is old fashioned hyper monetary inflation of the worst kind, unsterilized, meaning huge volume of funds added to the financial system with no extractions.The global financial crisis is upon us, having entered an intermediate level of debt saturation, of bond issuance deep abuse, of market rigging corruption, of banking system insolvency at acute levels, and of economic rot setting in. The outcome of the unfolding crisis will be three to five times more magnificent that what was witnessed in 2008 and 2009. Expect the current crisis to wreck a few big Western SIFI banks, collapse at least one national banking system, destroy at least five major Western corporations, and result in open discussion of the USGovt debt restructure, technically a default. The systemically important financial institutions (SIFI) cannot not be saved, since too many are insolvent, gigantic hollow reeds, dependent upon bond carry trade easy profits and narco money laundering fees. They rely upon hidden central bank welfare, to cover their $trillion exposure to derivatives. As the Petro-Dollar dissolves, these derivatives become unmanageable.

    read more.


December 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Economic Structure Change, Ready And Prepared

  • X22Report Published on Dec 11, 2018
    Europe insists that the BREXIT deal will not be renegotiated, it is either the people take the EU deal or else. Australia is warning of a housing crisis. World’s largest cleaning service ISS is now laying off 100,000 employees, they number of employees has been declining for years. Trump reports very productive talks with China, big new coming soon. The central bank is trying to control the narrative, you can see via the MSM. The entire economic structure is about to change, prepared and ready for the transition.


December 12, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

How Government Bureaucrats & The NYTimes Are Misleading The Public About Climate Change

  • How Government Bureaucrats & The NYTimes Are Misleading The Public About Climate Change
    by Robert Murphy via The Institute for Energy Research, via
    The Executive Branch’s recently released Volume II of the National Climate Assessment (NCA) is a massive document that is being cited as yet further evidence that the U.S. government should act quickly and boldly in the fight against climate change. The coverage in the New York Times was typical:

    “All told, the report says, climate change could slash up to a tenth of gross domestic product by 2100, more than double the losses of the Great Recession a decade ago.”

    Yet this claim is extremely misleading, as I’ll demonstrate in this post. The projection of a 10-percent hit to GDP is an extremely unlikely (less than a 5-percent chance) event even if we assume we are in the most pessimistic of emission scenarios, while the scenario itself rests upon an assumption that progress on renewables and other technologies occurs much more slowly over the next century than it has already occurred historically. This means that anybody citing the NCA projections isn’t allowed to also tout imminent breakthroughs in wind and solar, because such optimism renders the NCA projections invalid.

    Even more astonishing, the NCA gives projections of the “cost of inaction” on climate change, but does not give any estimate of the costs of action on climate change. (It’s a bit like a mechanic warning that you need a new part to avoid engine failure down the road, but refusing to tell you how much the part will cost.) Yet if we follow the citations to other work (such as from the United Nations) that the NCA cites, we see that even using the NCA’s own diagram, it is not clear that aggressive steps to fight climate change would be worth the cost.

    The NCA Warns of a Potential 10-Percent Hit to U.S. GDP
    The NCA is massive. In the interest of giving the reader a digestible chunk of analysis, in this post I am restricting myself to the material in Chapter 29, which covers the topic of “mitigation” and considers the economic impacts of climate change on the U.S. This chapter contains the chart that led New York Times reporters to write, “climate change could slash up to a tenth of gross domestic product by 2100.”

    read more.
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December 12, 2018 Posted by | GeoPolitics, Science & Technology, Social Trends | , , , , , , , , | 1 Comment

The Growing War Between Globalism and Nationalism Is Being Fought On the Streets of Paris

  • The Growing War Between Globalism and Nationalism Is Being Fought On the Streets of Paris
    by Dave Hodges,
    As we all know, President Trump ordered the American military to the border to oppose the dangerous and unlawful entry of unknown migrants into the United States. We know that a certain percentage of would-be border crashers are from such terrorist groups as MS-13, ISIS and the Muslim Brotherhood. All three groups have indiscriminately murdered people from the West without provocation. All three groups have professed a desire to destroy the American government all people who reside in the country. We know that they use innocent women and children migrants to shield these cowardly thugs from the lawful retaliation of the Border Patrol and the American military.

    Stand Down Orders From the UN to President Trump to Open the Borders
    The UN Refugee Agency, has previously issued an order demanding that President Trump accept the caravans of refugees, In a previous interview with Voice of America, a representative from the UN Refugee Agency stated:

    Our position globally is that the individuals who are fleeing persecution and violence need to be given access to territory and protection including refugee status
    and determination procedure. And, if the people who are fleeing persecution and violence enter Mexico, they need to be provided access to the Mexican asylum system andthose entering the United States need to be provided access to the American asylum system

    Subsequently, 45 UN workers were placed on the ground with the group of Central Americans as the United Nations assisted foreigners in their violations of the American immigration laws. This was an egregious violation of US sovereignty by the UN.

    read more.


December 12, 2018 Posted by | GeoPolitics | , , , , , , , , , | Leave a comment

They’re NOT From Here.. “Hundreds” Could Be Surrounding Us

December 12, 2018 Posted by | Social Trends | , , , , | Leave a comment

Kremlin Enters War Of Words With Pompeo After Nuke-Capable Bombers Deployed To Venezuela

  • Kremlin Enters War Of Words With Pompeo After Nuke-Capable Bombers Deployed To Venezuela
    by Tyler Durden,
    Secretary of State Mike Pompeo slammed Russia for sending a pair of long-range nuclear capable Tu-160 bombers “halfway around the world” to Venezuela in comments posted to Twitter late Monday. The Kremlin confirmed the jets touched down at Venezuela’s Simon Bolivar International Airport in the capital of Caracas previously that day.

    “The Russian and Venezuelan people should see this for what it is: two corrupt governments squandering public funds, and squelching liberty and freedom while their people suffer,”
     Pompeo stated.

    The Kremlin, which has described the flights as training exercises and part of Russia’s right to make “regular flights over the international waters,” responded by describing Pompeo’s statement as “an utterly inappropriate comment” and his weighing in as “indeed very undiplomatic,” according to Kremlin spokesman Dmitry Peskov.

    read more.


December 12, 2018 Posted by | GeoPolitics | , , , , | Leave a comment