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Socio-Economics & History Commentary

Gerald Celente: No Way Out As Global Ponzi Scheme Collapse Begins!

Global meltdown??

Global meltdown super storm??

  • Celente – No Way Out As Global Ponzi Scheme Collapse Begins! 
    by www.kingworldnews.com
    Today the man who remarkably predicted months ahead of time that the Fed would taper in December, then again in January, and who also predicted the global market plunge that we are now seeing, warned KWN that there is no way out this time for central planners as the global Ponzi scheme has now begun to collapse.  He also discussed the incredible turmoil taking place around the world.  Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable interview.
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    Eric King:  “Gerald, so far this chaos is unfolding exactly as you said it would with the market turmoil around the world.  Some of the market participants are becoming a bit shocked at what’s unfolding here, but you called it to perfection.  My question to you is, where do we go from here?”
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    Celente:  “Global markets are headed down, but it may not be in a straight line because you are going to start seeing the Fed, (Washington) D.C., and the Wall Street gang move in to stop the slide in global equities….
    ….
    So we now have countries all over the world involved in covering up what will ultimately be the greatest Ponzi scheme collapse ever seen in history because this time it will be global.  As this collapse unfolds, there will be nowhere to hide in the banking system, and there will be nowhere to run inside of the global financial Ponzi that exists today.  All hell will literally break loose as it collapses and people are running out of time to get prepared.”
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    read more!

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February 4, 2014 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off

Tokyo Stocks Dive 3.33% by Break on FedRes Tapering Move!

Global meltdown??

Global meltdown??

  • Tokyo stocks dive 3.33% by break on Fed stimulus move! 
    by http://www.channelnewsasia.com/news
    TOKYO: Tokyo stocks tumbled more than three percent Thursday, sparked by worries over emerging markets as the Federal Reserve further scaled back its stimulus programme.
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    T
    he benchmark Nikkei-225 index slumped 3.33 per cent, or 511.53 points, to 14,872.38 by the break — wiping out its 2.70 per cent gain Wednesday. The Topix index of all first-section shares fell 3.04 per cent, or 38.15 points, to 1,218.03.
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    “The turmoil in emerging markets does not look like it’s close to dying down,” Yoshihiro Okumura, general manager at Chibagin Asset Management, told Dow Jones Newswires.
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    “While the continuation of the Fed’s tapering programme implies higher US interest rates, a stronger dollar and a weaker yen — all of which are fundamentally positive for Japan stocks — the ‘risk-off’ investor mood and jolt to the world’s growth markets is trumping these facts.”
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    The Fed said Wednesday it would reduce its monetary easing programme by US$10 billion a month to US$65 billion, following a similar move in December.
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    Investors took flight after the announcement, which stoked fears of a capital flight from emerging markets as dealers look for safer investments back home.
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    read more!

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January 30, 2014 Posted by | Economics | , , , , , | Comments Off

Gerald Celente: The Next Scam, Equities Down Interest Up!

  • Published on Jan 29, 2014           
    In this final segment Gerald Celente forecasts what is most likely to be the next scam by the white shoe boys. Yes, there will be a new round of stimulus, more QE and when they do it your gonna see gold skyrocket. Celente also touches on Goldman Sachs LIBOR manipulation, Gold price suppression  and more. Celente closes with his perspective on the pitch fork mobs in Brazil and across the globe. When all else fails, they take you to war. 2014 Trends? Interest up and Economy and Equities down.

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January 30, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off

The Carnage Continues In Asia As China PMI Confirms Contraction Deepening!

China_HSBC_Manufacturing_PMI_20140129

  • The Carnage Continues In Asia As China PMI Confirms Contraction Deepening! 
    by Tyler Durden, www.zerohedge.com
    Following last week’s Flash PMI print of 49.6, the Final print for January China Manufacturing dropped further to 49.5 confirming the contraction is deepening. Japanese stocks were down the most since August in the early going as Nikkei futures extended the losses from the US day-session (and rather notably decoupled from USDJPY and breaking below 15,000). The Nikkei is heading for the worst month since May 2012 (-8.66% so far). S&P futures tracked USDJPY as 102.00 was defended aggressively. Chinese stocks are also tumbling (though not as hard as Japan and US) and the PBOC will not be adding liquidity today. Furthermore the blame is being shifted as Deputy FinMin Zhu warns that the “Chinese economy faces risks from overseas uncertainty.” EM FX is drifting lower still.
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    The Final HSBC Manufacturing PMI print dropped from 49.6 Flash to 49.5 – its biggest drop since June and lowest since July 2013…
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    read more!

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January 30, 2014 Posted by | Economics | , , , , , | Comments Off

Marc Faber Warns “Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries & Gold”!

Financial_Collapse

  • Marc Faber Warns “Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries & Gold”! 
    by Tyler Durden, www.zerohedge.com 
    Beginning by disavowing Mario Gabelli of any belief that rising stock prices help ‘most’ people (“Fed data suggests half the US population has seen a 40% drop in wealth since 2007“), Marc Faber discusses his increasingly imminent fears of the markets in this recent Barron’s interview.
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    Quoting Hussman as a caveat, “The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. There’s no calling the top,” Faber warns there are a lot of questions about the quality of earnings (from buybacks to unfunded pensions) but “statistics show that company insiders are selling their shares like crazy.”
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    His first recommendation – short the Russell 2000, buy 10-year US Treasuries (“there will be no magnificent US recovery”), and miners and adds “own physical gold because the old system will implode. Those who own paper assets are doomed.”
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    Via Barron’s,
    Faber: This morning, I said most people don’t benefit from rising stock prices. This handsome young man on my left said I was incorrect. [Gabelli starts preening.] Yet, here are some statistics from Gallup’s annual economy and personal-finance survey on the percentage of U.S. adults invested in the market. The survey, whose results were published in May, asks whether respondents personally or jointly with a spouse have any money invested in the market, either in individual stock accounts, stock mutual funds, self-directed 401(k) retirement accounts, or individual retirement accounts. Only 52% responded positively.
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    Gabelli: They didn’t ask about company-sponsored 401(k)s, so it is a faulty question.
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    Faber: An analysis of Federal Reserve data suggests that half the U.S. population has seen a 40% decrease in wealth since 2007.
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    In Reminiscences of a Stock Operator [a fictionalized account of the trader Jesse Livermore that has become a Wall Street classic], Livermore said, “It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight.” Here’s another thought from John Hussmann of the Hussmann Funds: “The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. There’s no calling the top, and most of the signals that have been most historically useful for that purpose have been blaring red since late 2011.”
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    I am negative about U.S. stocks, and the Russell 2000 in particular. Regarding Abby’s energy recommendation, this is one of the few sectors with insider buying. In other sectors, statistics show that company insiders are selling their shares like crazy, and companies are buying like crazy.

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    read more!

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January 30, 2014 Posted by | Economics | , , , , , , , , , , | 1 Comment

Richard Russell: Stocks To Crash As U.S. Lies To Its People! Which Would You Rather Own, a Gold-Backed Yuan Or a Debt-Backed Federal Reserve Note?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • Richard Russell: Stocks To Crash As U.S. Lies To Its People! Which Would You Rather Own, a Gold-Backed Yuan Or a Debt-Backed Federal Reserve Note? 
    by www.kingworldnews.com 
    With continued chaos around the world and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, has issued a dire warning, saying that even though there will be rallies in the major markets, stocks are now headed into crash mode as the US government is using massive propaganda and lying to its people.
    ….
    Interestingly, fiat currencies around the world are sinking.  There’s only one currency that represents safety, and that currency is gold.  Which, by the way, is higher today.  I expect to see further semi-crash action in the days ahead, as the primary bear market resumes.  I think investors will remain hopeful as long as this decline remains this side of 10%.  But if the decline surpasses 10%, I believe we will see panic action as investors realize that this is not a correction, but a bear market. 
    ….
    I think China is intent on making its yuan the world’s reserve currency.  I think we will see a powerful gold-backed convertible yuan become the world’s new reserve currency.  I see China’s Communist leaders literally begging its populace to accumulate gold.  I see the Federal reserve intent on making its fiat currency the only accepted money, while gold, its competition, is scorned. 
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    I see the Federal Reserve and its fiat money as the single greatest enemy of the US.  Which would you rather own, a gold-backed yuan or a debt-backed Federal Reserve note?  That’s the question the world will be faced with.”
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    read more!

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January 29, 2014 Posted by | Economics | , , , , , , , , , , , , , , , | Comments Off

Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

Global economic, financial and monetary collapse super storm is coming!

Global economic, financial and monetary collapse super storm is coming!

  • Are We On The Verge Of A Massive Emerging Markets Currency Collapse? 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    This time, the Federal Reserve has created a truly global problem.  A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets.  But now that the Fed has decided to begin “the taper”, investors see it as a sign to pull the “hot money” out of emerging markets as rapidly as possible.  This is causing currencies to collapse and interest rates to soar all over the planet.  Argentina, Turkey, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia are just some of the emerging markets that have been hit hard so far.
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    In fact, last week emerging market currencies experienced the biggest decline that we have seen since the financial crisis of 2008.  And all of this chaos in emerging markets is seriously spooking Wall Street as well.  The Dow has fallen nearly 500 points over the last two trading sessions alone.  If the Federal Reserve opts to taper even more in the coming days, this currency crisis could rapidly turn into a complete and total currency collapse.
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    A lot of Americans have always assumed that the U.S. dollar would be the first currency to collapse when the next great financial crisis happens.  But actually, right now just the opposite is happening and it is causing chaos all over the planet.
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    For instance, just check out what is happening in Turkey according to a recent report in the New York Times
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    Turkey’s currency fell to a record low against the dollar on Friday, a drop that will hit the purchasing power of everyone in the country.
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    On a street corner in Istanbul, Yilmaz Gok, 51, said, “I’m a retiree making ends meet on a small pension and all I care about is a possible increase in prices.”
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    “I will need to cut further,” he said. “Maybe I should use my natural gas heater less.”
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    As inflation escalates and interest rates soar in these countries, ordinary citizens are going to feel the squeeze.  Just having enough money to purchase the basics is going to become more difficult.
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    And this is not just limited to a few countries.  What we are watching right now is truly a global phenomenon
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    “You’ve had a massive selloff in these emerging-market currencies,” Nick Xanders, a London-based equity strategist at BTIG Ltd., said by telephone. “Ruble, rupee, real, rand: they’ve all fallen and the main cause has been tapering. A lot of companies that have benefited from emerging-markets growth are now seeing it go the other way.”
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    So why is this happening?  Well, there are a number of factors involved of course.  However, as with so many of our other problems, the actions of the Federal Reserve are at the very heart of this crisis.  A recent USA Today article described how the Fed helped create this massive bubble in the emerging markets…
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    read more!

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January 28, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | 2 Comments

Markets Are Falling, Which Means It’s Time For The US To Bomb A Sovereign Nation!

Obama_bin_Laden_Invade_Algeria_to_Attack_AlCIAda

  • Markets Are Falling, Which Means It’s Time For The US To Bomb A Sovereign Nation! 
    by Tyler Durden, www.zerohedge.com
    After the worst week for the market in over a year, the US knows the drill. Must. Distract. Population. And if a drunk-driving, prepubescent Miley Cyrus Canadian lookalike on a work visa won’t do the trick, then by all means resort to ye olde faithful – bombing the feces out of some “independent” nation. In this case Somalia. CNN reports that earlier today, the US conducted a missile strike in Southern Somalia. The target: a “senior leader” affiliated with al Qaeda and Al-Shabaab, al Qaeda’s affiliate in Somalia. Supposedly this is the Al Qaeda that the US isn’t officially funding and supporting in Qatar’s desperate and ongoing attempt to push its pipeline under Syria.
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    From CNN:
    The U.S. military conducted an airstrike in southern Somalia on Sunday against a suspected militant leader, a U.S. military official told CNN.
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    The target was described by the official as a “senior leader” affiliated with al Qaeda and Al-Shabaab, al Qaeda’s affiliate in Somalia. The United States has not yet been able to determine whether the target was killed, the official said.
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    Last October, the elite U.S. Navy SEAL Team Six aborted a pre-dawn raid in southern Somalia to capture Al-Shabaab leader Ikrima after an intense firefight prevented them from reliably taking him alive, a senior U.S. official told CNN at the time.
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    In a second raid that same weekend, members of the U.S. Army Delta Force captured Abu Anas al Libi, an al Qaeda operative wanted for his alleged role in the deadly 1998 bombings of two U.S. embassies in Africa, during an operation in the Libyan capital of Tripoli.
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    The U.S. military official said Sunday’s strike involved missiles. No U.S. troops were on the ground.
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    Al-Shabaab, designated a terrorist organization by the United States, has a relationship with al Qaeda that goes back several years. In 2012, the two groups effectively merged, said CNN national security analyst Peter Bergen.
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    And this is happening after the market has dropped a mere 4% from all time highs. Wait until we enter a bear market: tactical nukes will be going off left and right…
Obama bin Laden! New leader of Al CIAda!

Obama bin Laden! New leader of Al CIAda!

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January 27, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default!

ShanghaiComposite_16Jan2014

  • Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default! 
    by Tyler Durden, www.zerohedge.com , 16 Jan 2014
    While manufacturing and services PMIs disappointed, the big problem in big China remains that of an out-of-control credit creation process that is blowing up. As we previously noted, instead of crushing credit creation, the PBOC’s liquidity rationing has forced distressed companies into high-interest-cost products in the shadow-banking world. Investors on the other side of “troubled shadow banking products” had assumed that ‘someone’ would bail them out but this evening Reuters reports that ICBC has confirmed that it will not rescue holders of the “Credit Equals Gold #1 Collective Trust Product”, due to mature Jan 31st with $492 million outstanding. The anxiety from contagion concerns of the first shadow-banking default has pushed the Shanghai Composite back near 2,000 for the first time since July – and to its narrowest spread to the S&P 500 in almost 8 years.
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    The Shanghai Composite is tumbling… to six month lows (and back near 2,000 for the firs time since July)…
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    and its closest (nominally) to the S&P 500 in almost 8 years…
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    As we previously noted, 
    …borrowers are facing rising pressures for loan repayments in an environment of overcapacity and unprofitable investments. Unable to generate cash to service their loans, they have to turn to the shadow-banking sector for credit and avoid default. The result is an explosive growth of the size of the shadow-banking sector (now conservatively estimated to account for 20-30 percent of GDP).
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    Understandably, the PBOC does not look upon the shadow banking sector favorably. Since shadow-banking sector gets its short-term liquidity mainly through interbanking loans, the PBOC thought that it could put a painful squeeze on this sector through reducing liquidity. Apparently, the PBOC underestimated the effects of its measure. Largely because Chinese borrowers tend to cross-guarantee each other’s debt, squeezing even a relatively small number of borrowers could produce a cascade of default. The reaction in the credit market was thus almost instant and frightening. Borrowers facing imminent default are willing to borrow at any rate while banks with money are unwilling to loan it out no matter how attractive the terms are.
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    Should this situation continue, China’s real economy would suffer a nasty shock. Chain default would produce a paralyzing effect on economic activities even though there is no run on the banks. Clearly, this is not a prospect the CCP’s top leadership relishes.

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    So the PBOC’s efforts are merely exacerbating the situation for the worst companies… for example… Zhenfu Energy…
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    As Reuters reports,

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    read more!

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January 21, 2014 Posted by | Economics | , , , , | 1 Comment

Fabian Calvo: Next Real Estate Collapse Will Make 2008 Look Like a Dress Rehearsal !

  • Fabian Calvo: Next Real Estate Collapse Will Make 2008 Look Like a Dress Rehearsal! 
    by Greg Hunter’s USAWatchdog.com 
    Forget what you are hearing about stiffer mortgage lending requirements.  It’s not true.  Real estate expert Fabian Calvo says, “If you can fog up a mirror or you have a pulse, they will give you a home loan.  That’s what they have done with the car loans, and that’s what they are doing with housing loans.”  The so-called new rules do not have any down payment credit score requirement.  Zero percent down loans are going to make a very big comeback.  According to Calvo, “After the mid-term election, you’re going to see no-money-down loans just really roar back.  It’s all part of the pump and dump I’ve been telling you about for well over a year.”  So, are the housing market problems behind us?  Calvo, whose company buys and sells $100 million in distressed real estate debt annually, says, “Bottom line is we are still in a situation where half of every mortgaged home in America is completely underwater, and the Fed is going to have to print money for a very long time before those values return.  It’s just a matter of fact.”  Calvo goes on to say, “Now, worst of all, they are beginning to securitize so they can bring in even more capital.  A third of all real estate in America is rental properties.  You are going to have Wall Street being the biggest landlord in America.  It’s subprime 2.0.” 
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    According to the Director of the Consumer Financial Bureau, Richard Cordray, new mortgage lending rules are supposed to make sure “the great mortgage meltdown never happens again.”  So, is the housing market more resilient to another downturn?  No way, says Calvo, “They’ve securitized the rental properties, which are now making the net effect of a collapse in values in the market much more devastating for the economy.”  Calvo predicts, “The next leg down in the real estate market will be much, much larger . . . Homeowners, who may have a little bit of equity in their home, should be very cautious right now.”  Still, Calvo says don’t expect a crash in 2014, and he says, “We’ll pretty much see a repeat of 2013.”  Calvo says to watch when hedge funds start selling their real estate holdings.  He says, “I think that will be around 2015.  That will be the handwriting on the wall that the collapse in housing prices will be coming.”  Calvo thinks the next real estate collapse will be caused by forces outside of the housing market.  Calvo says, “I think the next leg down in the real estate market won’t be centered around the housing collapse.  It will be centered around the multi-bubble collapse of the dollar, the bonds, the government debt, all collapsing simultaneously. . . . This next collapse will make 2008 look like a dress rehearsal for the really big multi-bubble collapse we will be seeing.” 
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    So, how are the rich going to protect themselves?  Calvo, who does business with millionaires and billion dollar hedge funds, says, “A year ago, a third of the room would say buying gold and silver was just kind of crazy.  Today, you have half of the room investing much more than 10 or 15% of their portfolio into physical gold and silver.  To me, that is a big signal.” 
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    Is there any good news?  Yes!  Calvo says, “There’s going to be spectacular sales, spectacular deals, way more than you saw back in 2008.”  Join Greg Hunter as he goes One-on-One with Fabian Calvo from TheNoteHouse.us.  

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January 17, 2014 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

David Stockman: “2014 Is The Year Of The End Game”!

US_Economic_Collapse

  • David Stockman: “2014 Is The Year Of The End Game”! 
    by www.kingworldnews.com
    Today David Stockman surprised King World News when he warned, “2014 is the year of the end game.”  Stockman also warned about the enormous danger of the Fed’s continued interventions in major markets.  KWN takes Stockman’s warning very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget.  Below is what Stockman had to say in part I of a series of powerful interviews that will be released today.
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    Eric King:  “David, I wanted to ask you about the Fed’s manipulation of the markets.  They have a massive trading room where they are essentially ‘managing’ these markets, to use a polite term.  What is the difference between that (what the Fed is doing) and the banks’ criminal manipulation in fixing the LIBOR?”
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    Stockman:  “There isn’t any.  It’s price fixing pure and simple.  That’s the heart of what’s wrong with the whole system today….
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    read more!

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January 11, 2014 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Forget IMF’s Tax On Deposits, This Will Truly Destroy Savers!

US 10yr bond yield surges past 3.00%!

US 10yr bond yield surges past 3.00%!

  • Forget IMF’s Tax On Deposits, This Will Truly Destroy Savers! 
    by www.kingworldnews.com
    In the aftermath of the IMF’s proposed tax on bank deposits, today a 42-year market veteran spoke with King World News about the real plan to destroy savers in the future.  Below is the powerful and timely interview with Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.
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    Greyerz:  “Eric, this is the year that major changes will happen in the world.  The end of the 5-year bull run in global stock markets is now imminent.  The decline may begin at any time.  Also, the long bull run in global bond markets is also over….
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    read more!

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January 4, 2014 Posted by | Economics | , , , , , , , , , , , , , | Comments Off

1997 Asian Crisis Redux – Thailand Is Imploding!

ThaiBaht_vs_USD_20131227

  • 1997 Asian Crisis Redux – Thailand Is Imploding! 
    by Tyler Durden, www.zerohedge.com
    “There’s no near-term resolution in sight,” warns TCW Group’s David Loevinger, as “Thailand has entered an extended period of political instability.” This uncertainty has led toforeigners abandoning the nation’s stock market in record  size - and collapsing the Thai Baht at the same time. Why should US investors be worried? Thailand was the catalyst that started the 1997 Asian crisis, broke LTCM, and instigated the most epic experiments in central bank liquidity provision on record. With the Fed Tapering, both Indonesia and Thailand (and Turkey) are already seeing major currency collapses but of course, as long as US equities rise, no one cares (which is exactly what they said last time)…

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    Bloomberg’s Chart of the Day shows that the baht has plunged 5.1 percent since the end of October to a three-year low as international investors pulled a net $2.75 billion out of equities, the worst outflow in at least 14 years.
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    Investors are dumping Thai assets as two-month-old protests against Prime Minister Yingluck Shinawatra intensify, threatening to deepen a slowdown in the second-largest southeast Asian economy. Opposition parties are trying to topple Yingluck after she pushed for a bill that would provide amnesty for her brother, Thaksin, who was ousted as premier in a 2006 coup and has lived in self-imposed exile overseas.
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    Yingluck dissolved parliament on Dec. 9, a move that triggered new elections set for February, in a bid to ease tensions. The country’s election commission warned yesterday that the vote could wind up stoking more violence after protesters tried to storm a Bangkok arena where candidates were registering.
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    And as a reminder… what happened in the 1997 crisis…
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    read more!

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December 28, 2013 Posted by | Economics | , , , , , , , | Comments Off

Gregory Mannarino: FedRes Wealth Creation Machine from Hell !

  • Fed Wealth Creation Machine from Hell-Gregory Mannarino! 
    by Greg Hunter’s USAWatchdog.com 
    Trader/analyst Greg Mannarino says, “The Federal Reserve has re-inflated the bubble that burst in 2008.  That bubble was inflated on purpose, and this bubble is being inflated on purpose as well.”  Mannarino goes on to say that the Fed will “. . . burst these bubbles and allow big Wall Street banks to short it all.”  Mannarino charges the Fed made a “wealth creation machine from hell. . . . It is theft from most people and transferred to one or two percent of the population.”  As far as Bitcoin is concerned, Mannarino says, “They will crush this at some point.  I think it’s a dead end.”  What about gold and silver?  Mannarino claims, “There is an inverse bubble in regards to gold and silver . . . When these bubbles burst, money is going to go into suppressed assets like gold and silver.”  Mannarino predicts, “When one of these bubbles bursts or starts cracking, they are all going to burst simultaneously– boom, boom, boom!”  Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.   

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December 16, 2013 Posted by | Economics | , , , , , , , , , , , , , , , , , | Comments Off

Axel Merk: Buy Gold for Protection as the Risk is Something is Going to Blow Up!

  • Axel Merk of Merk Investments: Buy Gold for Protection as the Risk is Something is Going to Blow Up! 
    by Greg Hunter’s USAWatchdog.com 
    Money manager Axel Merk says, “I think no matter what kind of data we are going to have going forward, brace yourself for volatility, and you may want to look for protection.”  What kind of protection is he talking about?  Merk says, “I do hold a substantial part of my net worth in gold because I don’t like anything else out there. . . . It is terrifying to be in stocks in my view, and I sleep much better at night with my gold holdings.”  Merk goes on to say, “. . . Real wages have been stagnant for a decade, but when the cost of living goes up, you have revolutions in the Middle East . . .  you have Occupy Wall Street and the Tea Party in the U.S.  That means less political stability and more government intervention.”  For investors, there is some good news.
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    Merk, who manages nearly a half billion dollars, says, “The only good news in all of this is that policymakers are predictable.  That provides opportunity such as shorting the yen or buying some gold.”   Merk predicts, “The risk is something is going to blow up, but the more likely scenario is that we’re going to just keep our heads spinning . . . and we’ll talk again at gold $3,000, and they are still going to say gold is worthless.”  Merk concludes, “We have less stability in the world.  It is a global phenomenon.”  Join Greg Hunter as he goes One-on-One with President of Merk Investments, Axel Merk.

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December 13, 2013 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

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