Socio-Economics History Blog

Socio-Economics & History Commentary

James Rickards: Next Crash Exponentially Larger than Any Financial Panic in History!

  • James Rickards-Next Crash Exponentially Larger than Any Financial Panic in History! 
    by Greg Hunter’s USAWatchdog.com   (Early Sunday Release) 
    Best-selling author and financial expert James Rickards contends a big financial crash is locked in.  Rickards says, “Everyone is waiting for some blunder down the road, and the point I try to make is the blunders have already been made.  The blunders have already been built into the system.  You can see this collapse coming a mile away. . . . Using science, we can’t say very much about the timing, but we can say a lot about the magnitude.  This will be the greatest financial collapse in history.  I am quite sure about that, but I am not sure about the timing. . . . People think I can call them up at 3 o’clock in the afternoon and tell them tomorrow’s that day, sell your stocks and buy some gold. I can’t do that. I don’t know what day it will be.  If we get to that point, it would be too late to act.  So, the time to act is now.” Rickards goes on to say, “On top of the threats from Ebola, the Islamic State, the normal currency wars and the normal depression the world is in, there is financial war going on right now.  We put sanctions on Russia.  Do you think Russia is going to sit there and take it?  Russia is responding asymmetrically through cyber warfare.”
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    Rickards says in the coming crash, it is going to be very difficult to turn your assets into spendable cash.  Rickards explains, “People think everything is money.  People think your stocks are money because you can sell them and get the cash in your account in a couple of days.  People think your money market funds are money because you can call your broker and get the cash in your bank account tomorrow.  You think your house is money because you can take a second mortgage or sell your house.  What you find out in a panic is all those things are not money.  You are locked in, locked down and the only thing that is money is money.  That would be cash, if you happen to have it or gold or silver in physical form, not paper gold.  So, people don’t understand what money really is until everyone wants their money back.  That’s when you find out only a small number of things are actually money.”
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    read more!

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October 14, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Comments Off

Manic-Buying Turns To Panic-Selling As ‘Illiquid’ Stocks Plunge To 5-Month Lows!

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  • Manic-Buying Turns To Panic-Selling As ‘Illiquid’ Stocks Plunge To 5-Month Lows! 
    by Tyler Durden, http://www.zerohedge.com
    Just as we warned, liquidity was incomprehensibly low today (below normal pre-market levels during the peak of the trading day) and the intraday whipsaws were meteoric as a closed cash bond market enabled the slightest twitch in USDJPY to send S&P algos into conniptions. Biotech crashed. Trannies were ripped ridiculously higher at the open – then collapsed into correction (-11% from highs); US Airlines have fallen for 6 straight days, crashing 17% (with today’s 7% plunge – driven by chatter over airborne Ebola – its biggest in over years). Tresury futures implied a notable drop in yields across the curve (10Y -7bps at 2.21%, 30Y 2.97%, and 5Y 1.45%). The USdollar closed -0.33% led by EUR and JPY strength (but AUD surged 1% extending gains after China data).  Gold ($1234), Silver, and copper all gained on the day as WTI fell once again (despite some intraday strength in the middle of the day). Stocks “flash-crashed” on very heavy volume in the last 30 mins with VIX breaking above 24 (highest in 16 months). All major equity indices are now below their 200DMA with the worst 3-day loss since late 2011.
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    read more!

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October 14, 2014 Posted by | Economics | , , , , | Comments Off

Did Today’s “Satan Signal” In S&P Futures Give The ‘All-Clear’ For Selling To Begin?

  • Did Today’s “Satan Signal” In S&P Futures Give The ‘All-Clear’ For Selling To Begin? 
    by Tyler Durden, http://www.zerohedge.com
    Even Bob Pisani knows by now that the European Close seems to create a trend-reversal moment intraday that few machines (and even fewer humans) are willing to fight. Whether this is remnants of short-term cycles found due to POMO or just a drop in liquidity is unclear; but what is clear, it happens, and all too regularly… except today. After a notably weak start to the day, the machines were just getting revved up for the 1130ET reversal to kick in and lift the market back to VWAP when a curious thing happened… “someone” canceled-and-replaced orders for 666 contracts 26 times in the 1130ET to 1200ET period… and selling accelerated lower, no reversal, to close at the lows on heavy volume.
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    Thanks to the incredibly detailed work of Nanex’s Eric Hunsader, we can see the ‘secret’ signal that only the HFTs would have been capable of seeing…

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    read more!
https://twitter.com/nanexllc/status/520250728372527107

Click on image for tweet!

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October 10, 2014 Posted by | Economics | , , , , , , , | Comments Off

Greg Evensen & Steve Quayle Urgent Update: Weaponized Ebola, Domestic ISIS Terror Threat, Martial Law … “The Clock Has Stopped”?! Plans for the Collapse of America Activated !

Click on image for 3 October 2014 radio interview MP3 file!

Click on image for 3 October 2014 radio interview MP3 file!

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October 6, 2014 Posted by | Economics, GeoPolitics, Medicine & Health, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Japan Stunned After Biggest Ever, $617 Billion “Fat Finger” Trading Error Slams Stocks!

nuclear-explosion-chicago-illinois_blast

oops key

  • Japan Stunned After Biggest Ever, $617 Billion “Fat Finger” Trading Error Slams Stocks! 
    by Tyler Durden, http://www.zerohedge.com
    A few days ago, Bloomberg had a fascinating profile of the person, pardon degenerate Pachinko gambler, who goes under the name CIS, and who is the “mystery man who moves the Japanese market.” In a nutshell, CIS, a momentum day trader and living proof of survivorship bias in finance (because for every CIS who has, allegedly, made it some 999,999 have failed) has amassed a fortune that he says now exceeds 16 billion yen after having traded 1.7 trillion yen in his career, generating an after tax profit of 6 billion yen in 2013 alone. Of course, the numbers are likely wildly fabricated for pageview purposes becuase as Bloomberg itself admits, “CIS didn’t offer a complete accounting of his investing returns and his wealth for this story, and some of his claims can’t be verified.”
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    That said, it is indeed the case that Japan has increasingly become a cartoon market in which while days can go by without a single trade taking place in its rigged bond market, where the BOJ has soaked up all the liquidity, when it comes to equities, it has become a free for all for “Mr. Watanabes” who have never taken finance, accounting or economics, but who know all about heatmaps and chasing momentum, and as a result, in a rising market/tide environment, have all grown ridiculously rich.
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    The problem, of course, is that what some may call a market is anything but, and has become a fragile playground for a few technicians who move massive sums of money from Point A to Point B, hoping to outsmart the few remaining others, while in the process earning the rents that the BOJ is eagerly handing out by injecting liquidity at a pace that dwarfs what the Fed did for the past 2 years. The other problem is that it is a merely of time before everything crashes into a pile of smoldering rubble thanks to the unprecedented fragility that is now embedded in every market, although most likely in Japan first.
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    read more!

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October 2, 2014 Posted by | Economics | , , , , , , | 1 Comment

Peter Schiff: Biggest Crisis Ever Looms!

  • Published on Sep 26, 2014
    This year has seen plenty of political turmoil – the waves of instability seem to do little to the world’s economy. Will that remain so for long? And if not – is there an another crisis looming, like the one that left thousands if not millions helpless and in poverty in 2008? And, finally, what does tomorrow hold for dollar? We ask these questions to leading financial analyst and CEO of Euro Pacific Capital Peter Schiff.

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September 27, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off

Realist News: Summary of Lindsey Williams DVD September 2014!

  • I will not be posting Pastor Lindsey Williams’ new videos unless I get clear indications from him that it is OK to post! Key points, in this video summary by Realist News:
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    1. Illuminati having trouble in the Middle East. Not able to move forward because Assad refuses to give in. This is why the ISIS attack on Syria is happening! A lot of their plan has been held back because Syria refuses to fall. So they cannot continue with their plan.
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    2. Fall 2015, catastrophic event on East coast that causes massive flooding?
    3. Global financial collapse set for approximately Sep/Oct 2015. Final ‘Blood Moon’ is during Sep/Oct 2015.
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    4. When you hear interest rates rise: “It will be the Game Over Event!”
    5. Stock market will also crash (first). Then the financial derivatives will blow up!
    6. They want to consolidate all the thousands of banks of America into “upto 10 banks”!
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    7. Precious metals will skyrocket!
    8. People will be ‘begging and pleading’ with the government to fix the financial system due to the severity of the collapse. They will be offered the New World Order solution: World Government, new Currency System, new banking system …
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    9. Another housing collapse will be taking place.
    10. The Muslim World will be used to foment discord and war in 2015!
    11. Failure of healthcare system.
    12. No gun control coming in 2015. Perhaps after 2015?
    13. Massive corporate bankruptcies are coming.

         … and many other points/issues.

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September 24, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off

CIA Insider Warns: US$100 Trillion American Meltdown is Imminent! “25-Year Great Depression is About to Strike America”!

  • Published on Aug 27, 2014
  • CIA Insider Warns: US$100 Trillion American Meltdown is Imminent! “25-Year Great Depression is About to Strike America”! 
    by http://moneymorning.com/ 
    You will want to remember this date March 20, 2015.
    According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation’s history.
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    A 25-year Great Depression.
    And alarmingly, he and his colleagues believe the evidence they’ve uncovered proves this outcome is impossible to avoid. In an exclusive interview with Money Morning, Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.

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    “Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one,” he said. “But all signs are now flashing bright red that our chickens are about to come home to roost.”
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    During the discussion, Rickards shared a series of dangerous signals he fears reveals an economy that has reached a super critical state. One of the signals the CIA is most concerned with is the Misery Index. Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.
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    However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.
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    “Today you rarely hear the government talk about the Misery Index with the public,” Rickards said. “The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that’s about to collapse.”
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    Frightening: Single chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now.
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    During the shocking interview Rickards revealed the 5 dangerous “flashpoints” the Intelligence Community is closely monitoring that they believe will unleash this catastrophe.

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    And he also described how it would all unfold.
    “I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming.” Rickards explained. “Once it becomes clear that it’s not a flash crash – it’s a systemic meltdown in the economy itself, that’s when the gravity of the situation will sink in. And there will be no digging out from it.
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    “$100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this.”
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    read more!

http://www.amazon.com/The-Death-Money-Collapse-International/dp/1591846706/ref=tmm_hrd_title_0

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September 20, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Stocks Slide As NATO ‘Condemns’ Russian Invasion, Warns Of “Alarming Build-Up” Of Forces!

World_War_3 Russia US NATO

  • This escalation of war propaganda is a sign of desperation by US+NATO! They will likely staged a false flag attack to ignite their Satanic WW3!
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  • Stocks Slide As NATO ‘Condemns’ Russian Invasion, Warns Of “Alarming Build-Up” Of Forces! 
    by Tyler Durden, http://www.zerohedge.com
    The last time NATO warned about (and threatened) Russian forces on Ukraine, stocks freefell – but the market knew better…
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    We will see if that happens this time:
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    *NATO CONDEMNS ENTRY OF RUSSIAN CONVOY INTO UKRAINE
    *NATO HAS SEEN TRANSFERS OF LARGE QUANTITIES OF ADVANCED WEAPONS
    *NATO SEES `ALARMING BUILD-UP’ OF RUSSIAN FORCES NEAR UKRAINE
    *NATO’S RASMUSSEN URGES RUSSIA TO STOP DESTABILIZING UKRAINE
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    As Former US Ambassador to Ukraine Bill Taylor warns
    “markets should be concerned, this is an actual invasion… and likely means war.”
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    read more!

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August 23, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off

It Begins: Ukraine Troops Destroy Part Of “Armed” Russian Convoy!

The_Road_to_World_War_3

  • Is this the beginning of the European war highlighted by “V” the guerrilla economist originally scheduled for 15 July 2014?
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  • It Begins: Ukraine Troops Destroy Part Of “Armed” Russian Convoy! 
    by Tyler Durden, http://www.zerohedge.com
    Things just escalated notably – (Via Bloomberg):
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    *UKRAINE FORCES ATTACK ARMED CONVOY FROM RUSSIA: LYSENKO
    *UKRAINE TROOPS ‘DESTROY’ PART OF ARMED CONVOY: LYSENKO
    *UKRAINE’S POROSHENKO: CONFIRMED APC INCURSION TO CAMERON
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    We await Putin’s response…
    EU & US Stocks and bond yields (and Ruble) are tumbling, gold rising.
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    read more!
http://uk.reuters.com/article/2014/08/15/markets-europe-stocks-idUKL6N0QL2TP20140815

Click on image for article!

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August 15, 2014 Posted by | Economics, GeoPolitics | , , , , , , | Comments Off

David Stockman Warns: “The Train Wreck Is Coming! All Hell Will Break Loose”!

Global economic and financial train wreck coming! Sep-Oct 2012?

  • “The Train Wreck Is Coming,” David Stockman Warns, “All Hell Will Break Loose”! 
    by Tyler Durden, http://www.zerohedge.com
    Submitted by David Stockman via Contra Corner blog,
    Transcript of David Stockman Interview on King World News 

    Eric King:  “David, the man who is counsel to big money around the world, Michael Belkin, just spoke with KWN and issued a dire warning for the financial markets.  I just wondered how you see things at this point with the Dow recently tumbling and everything that is happening across the globe?  What should we expect?”
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    Stockman“Well, the watchword at this point is stay out of harm’s way.  We are headed into a perfect storm of policy failures.  This is not simply a failure by the Fed, which has inflated this massive bubble and painted itself into a corner with no clue how to get out, but we are also seeing an absolute failure of American world dominance….
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    Our foreign policy is collapsing everywhere and yet the Washington war party keeps wanting to do more of the same.  This confrontation with Putin is utterly out of hand and unnecessary.  Now we have a trade war going that is going to ricochet through an already fragile European economy.

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    We hear today that Obama is considering going back into Iraq.  What is he thinking?  If you layer that on top of an already fragile financial bubble that is waiting to burst, I think we are in a zone of extreme danger.  It’s hard to predict whether this will be the big, destructive bear market that inevitably has to come, or simply just another dip that encourages the robots and the trained seals on Wall Street to buy for another move higher.  But one of these times we are going to have a big failure and I don’t think it’s too far down the road.
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    If you look at the stock market it has gone nearly straight up for the last 64 months.  If you look at the chart of the S&P 500 you can see that year after year the dips get shallower and more infrequent and that is not a healthy chart.  That is a sign of a market that is not discounting the actual real world future, but simply trading the word clouds and the liquidity that is being injected by not only our central bank, but central banks around the world.
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    The difficulty is that I don’t believe this central bank ‘act’ can be kept up.  We have had such tremendous expansions of balance sheets that even the central bankers are now beginning to second guess themselves, become divided among themselves, and begin to worry about how they get out of the corner they have painted themselves into.
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    So those are the factors that will ultimately cause a major collapse.  It’s just a question of when the black swan comes flying in, or when the confidence in this whole central banking illusion finally breaks down in the markets.”
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    read more!

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FedRes_ATM_Dollars_being_printed

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August 12, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | Comments Off

Islamic State Terrorism, Iran And Syria Are Now Prepped For The Next False Flag Event !

  • Published on Jul 14, 2014
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 7.14.2014
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    The stock market has hit all time new highs, meanwhile institutional investors are dumping stocks while the every day person is investing. During the 2008 crash construction jobs were lost and never regained. Loan rates will be increasing which will effect 800,000 homeowners. 70% of the Border Patrol guards have been reassigned and are not guarding the borders. Israel continues to bomb Gaza. They are warning the people to leave their homes which indicates the agenda is destroying Gaza so the people cannot live there. There is oil and gas off the coast of Gaza and with the people living there Israel has no access to it. Israel is now using propaganda to include Iran in funding Hamas. Eric Holder has now indicated Sryia, Yemin with the Islamic State in creating the stealth bombs. Be prepared for a false flag.
http://www.telegraph.co.uk/culture/culturepicturegalleries/4220575/Blackjack.html

False Flag attacks coming? Syria, Iran & China will be blamed by the Illuminists!

Alert_Condition_Red_false_flag_operations

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July 16, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Ellen Brown: Central Banks On A Stock Buying Frenzy!

Click on image to play the MP3 interview!

Click on image to play the MP3 interview!

  • Ellen Brown – Central Banks On A Stock Buying Frenzy! 
    by Financial Survival Network 
    Ellen Brown wrote recently that central banks have the power to create national currencies with accounting entries, and they are traditionally very secretive. We are not allowed to peer into their books. It took a major lawsuit by Reuters and a congressional investigation to get the Fed to reveal the $16-plus trillion in loans it made to bail out giant banks and corporations after 2008. What is to stop a foreign bank from simply printing its own currency and trading it on the currency market for dollars, to be invested in the US stock market or US real estate market? What is to stop central banks from printing up money competitively, in a mad rush to own the world’s largest companies? Evidently not much. China’s central bank has been buying up stock both here and Europe with reckless abandon, wonder what their plan is.
http://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article!

Illuminist_banksters_creating_money_out_of_nothing_lending_n_charging_interest

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July 10, 2014 Posted by | Economics | , , , , , , , , , , , , | Comments Off

Did the “Central Banks’ Central Bank” Just Call for a Stock-Market Collapse?

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  • The BIS, FedRes, ECB, IMF, World Bank, BOE … and practically all central banks are privately owned Illuminist corporations. Their owners are the Satanic bloodlines, the Old Black Nobility of Europe headed by the British Monarchy. Their objectives are: Luciferian New World Order, Global Supra-National Central Bank, One World Currency backed by gold –> ‘666’!
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  • This coming collapse is more than a stock market collapse. It is a global economic, financial and currency collapse. The drums of their Satanic WW3 Is beating louder and louder.
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  • Did the “central banks’ central bank” just call for a stock-market collapse? 
    by on June 30, 2014, http://notquant.com/ 
    Don’t look now, but the Bank for International Settlements (BIS), which is often referred to as the “central banks’ central bank”, just advised the world’s central banks to stage a market collapse now rather than later.
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    For anyone claiming that the many global critics of central banks are a “bunch of doomers”, that argument has now been officially buried, as the world’s premier forum of central bankers just sounded the alarm themselves:
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    The risk of normalising too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on .”
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    So what was that about “bringing forward the downward leg of the cycle”?   For anyone who thinks collapses aren’t planned, let’s call that “Exhibit A”.  So much for free markets.  Let’s be clear:  The same forum of the world’s central bankers which recommended this monster bubble in the first place  and enriched the world’s top-1% to historic levels, is now discussing “bringing forward the downward leg of the cycle“.  Is there anything that isn’t planned?
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    Oh well, so much for our roaring equity markets. Those are apparently about to be sacrificed in a planned collapse — er, sorry, in a “bringing forward of the downward leg of the cycle“.   Not that our soaring markets were indicative of any underlying economic health anyway.   The BIS was kind enough to point out to it’s member central-banks that, markets are not only officially broken but the disconnect between markets and economic reality is your fault guys.
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    “Financial markets have been exuberant over the past year, at least in advanced economies, dancing mainly to the tune of central bank decisions. … Growth has disappointed even as financial markets have roared:  The transmission chain seems to be badly impaired.   …  Over time, policies lose their effectiveness and may end up fostering the very conditions they seek to prevent”.
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    The BIS is worried about the bubble it recommended in the first place:
    Well it’s all very nice that the BIS has warned that the world’s central banks have now officially broken markets and created a new bubble.    But there seems to be some serious double-speak involved in the language of “recovery” and “new bubble creation”.  Literally everyone in central-banking-land agreed that the bubble needed to be reflated after the housing-bust.  But now that it’s been reflated there’s a rather ironic concern that…uh oh… we reflated it.
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    Hello?
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    read more!

Louis_McFadden_1929_Stock_Market_Crash_International_Bankers

Charles_Lindberg_on_FedRes

Josiah_Stamp_BOE_on_Bankers_n_Slavery

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July 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Comments Off

Central Bank Gamblers Versus Gold Stocks!

mitt-romney-LIBOR-what-now-Banksters_Bash

  • Illuminist central banksters are creating trillions of money out of thin air to buy up the world while pretending to be tapering!
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  • Central Bank Gamblers Versus Gold Stocks! 
    by Stewart Thomson, http://www.321gold.com/ 
    Jun 17, 2014

    1. Today is a very important day at City Hall in London, England. Central bank research group OMFIF is presenting a blockbuster report on public sector spending. I think that everyone in the global gold community should take note of it.
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    2. OMFIF argues, quite persuasively, that governments, central banks, and sovereign funds are now holding stock market investments worth about $29 trillion.
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    3. The drop in bond yields is likely behind the enormous public sector surge into equity markets.
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    4. To view the OMFIF press release, please click here now.
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    5. While citizens of the world are struggling to make ends meet, governments and banks appear to be engaged in a massive “price chase”, in global stock markets.
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    6. Rather than invest in failing infrastructure, central banks and governments are acting like hedge funds, betting on the stock market and OTC derivatives, using fiat credits that are borrowed or printed.
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    7. The bottom line: While global citizens are told to “grin and bear” austerity, their leaders are having a “good ‘ole time” spending trillions of dollars, at the stock market casino.
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    8. Elderly citizens have invested a lot of money in corporate bond funds, in an attempt to get a decent payout on their savings. That’s a mistake. I’ve argued that an investor should never invest because of a personal or corporate “need”. Investment should be based on a macro view of what an asset is, not what an investor needs from it.
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      read more!

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June 20, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

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