Socio-Economics History Blog

Socio-Economics & History Commentary

Gold & Other Treasures to Store Before the Collapse | Lynette Zang

  • Reluctant Preppers Published on Mar 19, 2019
    Lynette Zang, chief market analyst at ITM Trading, returns to Reluctant Preppers to answer YOUR viewer questions! Lynette tackles a range of topics including:

    – Signs & signals before the crash,
    – Silver vs Gold vs Palladium: what to consider,
    – When to buy productive land..depending on this crucial personal factor!
    – Options for raising at least some of your own food, even if you’re not a farmer,
    – When & why to network with your neighbors.. especially if they’re not into preparedness,
    – and More!!

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March 25, 2019 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

WHAT TO BUY DURING CRASH… Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Mar 19, 2019
    Link to the Slides and Sources: https://www.itmtrading.com/blog/basel…
    Question 1. JR: Have you had a chance to review Basel III? Doesn’t this mean that when you go to take money out of your depositor bank, the money won’t be there? Am I right in believing this is absolutely the end game?
    Question 2. Jim D: Could you please comment on the Basel III changes scheduled for end of March? Assuming banks hold gold, does this not eliminate the incentive to manipulate the price of gold lower?
    Question 3. Sayan R: After the global currency reset, would all those small countries whose reserve are mostly US Dollars, be facing inflation or deflation, or both?
    Question 4. K Carpy: Ideas on things to buy during the crash? Land? Homes? What kind of businesses?
    Question 5. Stan P: Are there any risks in putting my money into gold ETF’s instead of physical metals?

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March 21, 2019 Posted by | Economics | , , , , , , , , | Leave a comment

Marc Faber: Huge Asset Bubble Will Be Deflated

  • Marc Faber: Huge Asset Bubble Will Be Deflated
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Legendary contrarian investor Dr. Marc Faber says forget about the coming slowdown because the economy has already been backing up for months. Faber, who holds a PhD in economics, explains, “Investors are relatively complacent. Nobody thinks a recession has begun. I think a recession in the U.S. probably began in October/November of last year. If you define a recession as peak economic activity and subsequent declining growth rates that can turn overall negative in the process, I think this is happening now in the world. We are probably already in a recession. The central banks, in my view, will continue to do more or less what they have done in the past, namely, print money.”

    Dr. Faber warns, “When I started to work in 1970 on Wall Street, the stock market capitalization of the U.S. as a percentage of GDP . . . was between 25% and 30%. Now, the stock market capitalization alone is 150% of GDP, and when you add the bonds to it, we are at 300%. It’s a huge asset bubble compared to the real economy. I think no matter what they do, this asset bubble will be deflated, and it will be very painful. The asset holders are the powerful ones here, and they don’t want it deflated. . . . The question is would it have been better economically to go into the hospital in 2008/2009 and clean up the system rather than to essentially inject the sick patient with more opioids to keep him alive? It’s going to get much worse the next time it happens.”

    Faber says, “You ask me what I fear. I say you and I and your viewers do not know how it will end. . . . I am not hopeful for the global economy. We can have a recession at any time, but I think the asset market will hold up because of the money printing.”

    Dr. Faber thinks that the problems in the West are not just financial, but geopolitical with the rise of socialism and communism. Dr. Faber says, “I can assure you that people who lived under socialism and communism in China, Russia and Eastern Europe, that is the last thing they want to go back to–the last thing. The Westerners, who have never experienced the devastating lifestyle under socialism and communism, are amenable to the idea. The millennials think the government should do more. They don’t know what that means. When the government can do more, it can do everything. They can have people build bridges in the desert where no bridges are needed to keep people busy, and that leads to a complete economic calamity.”

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March 18, 2019 Posted by | Economics | , , , , , , , | Leave a comment

Keiser Report: Negative Rates Are Coming (E1357)

  • RT Published on Mar 14, 2019
    In this episode of the Keiser Report, Max and Stacy discuss the the first warning signs of negative rates coming for the US when the next financial crisis hits. In the second half, Max continues his interview with Mish Shedlock of MishTalk.com about the latest economic data out of America and whether or not the lofty stock market valuations are warranted.

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March 15, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

THE CENTRAL BANK EXPERIMENT: What’s Next?

  • ITM Trading Streamed live 7 hours ago
    Link to the Slides and Sources: https://www.itmtrading.com/blog/centr…
    The EU may be the weakest link holding the fragile global markets together, because of the current threat by Italian banks extreme exposure to Italian government debt, and contagion to the rest of the EU, should a banking or sovereign debt crisis erupt (a likely event). Not to mention the threat of a derivative event, should Great Britain leave the EU in a “hard” Brexit. Gold is the key bridge to carry wealth from one financial system to the next, having survived as real money for five thousand years. In addition, the size (in terms of fiat) of the financial physical gold market, is larger many global stock and bond markets. Why? Because only gold is real money, everything else is credit, that’s WHY, after all these years, it remains a globally recognized wealth shield.

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March 14, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar

  • Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar
    by Jim Willie, https://www.gold-eagle.com/
    The gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing gold from the corrupt clutches of the Anglo-American banker organization. They have been willing to destroy the global financial structure and many national economies, in order not just to maintain the political power, but also to continue the privilege of granting themselves $trillion free loans. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. They saw corrupted underwriting, corrupted title database, rigged market pricing, and corrupted demand functions. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK banksters have created the USTreasury bond as the global subprime bond. This is the result of astounding persistent magnificent QE abuse and hidden corruption. The so-called financial stimulus is actually hyper monetary inflation, which has destroyed the bond market.

    PERFECT FINANCIAL STORM
    The perfect financial storm will be three to five times worse than the 2008 financial crisis that engulfed the subprime bond market. The corporate bond market is turning gradually into a $trillion BBB junk bond field and broken bone yard, after years of abused bond issuance devoted to share buybacks and executive options. The malinvestment and self-dealing has been atrocious, with a business impact. It can be stated with accuracy that the entire global bond market is subprime, led by the USTBonds. In the last ten years, absolutely nothing has been fixed, no remedy even attempted, while all the errors, crimes, and reckless monetary policy that created the Lehman fiasco with the Global Financial Crisis, have been repeated on a global scale. The great unfolding crisis will engulf sovereign bonds, national banking systems, and major corporations. For the last ten years, the USD-based money supply has almost tripled. The process created a coiled spring. The gold price is due to triple in compensation. Much lost time will be made up for. It just needs some internal, external, and systemic pushes. The Gold market will never let a crisis go to waste. Financial analyst Rob Kirby has recently identified the great gold supply shortage, and described what comes as a Roman Candle with the gold price shooting up an order of magnitude.


    The unfolding global crisis will expose the USTreasury Bond as toxic, the new subprime bond. It will struggle to maintain the safe haven status, but lose the battle. Gold will assume the safe haven status, along with other undetermined hard assets. Attempts by the Basel bunch of uber-bankers, who have no official authority over the Western central banks, will change the course of banking history. That gold is made a risk-free Tier-1 asset will put forth a direct challenge to the USTBond in banking reserves. The Basel or IMF attempt to make a new gold-backed SDR bond will fall on deaf ears and doubtful eyes. In effect, Basel will become pitted directly against the Wall Street bankers, as great adversaries during the Global RESET. Let us lay out the sequence of powerful factors which come in the lost global currency reserve for the USDollar. It is certain bring about the following powerful events and effects:

    read more.

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March 13, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Rogers: Trump Pulling Strings, FedRes Out of A-M-M-U-N-I-T-I-O-N!

March 4, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Gold Breakout: Three Major Factors

  • Gold Breakout: Three Major Factors
    by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
    The Gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the Gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). These factors can be identified, each very powerful, each with a very new recent twist to alter the landscape. All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization. They have been willing to destroy the global financial structure and many national economies, in order not just to maintain the political power, but also to continue the privilege of granting themselves $trillion free loans. The owners of the US Federal Reserve, Euro Central Bank, and Bank of England have granted themselves free money in gifted pilferage for a full century. As the saying goes, a nation needs a central bank like an oyster needs a piano. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. They saw corrupted underwriting, corrupted title database, and corrupted demand functions.

    THE US-UK BANKSTERS HAVE FINALLY CREATED THE USTREASURY BOND AS THE GLOBAL SUBPRIME BOND. THIS IS THE RESULT OF Q.E. ABUSE.

    The perfect storm in the Boston area involves three storm masses hitting the New England coast at the same time from different angles. One of the most beautiful sights in my 20 years in Boston was seeing a Nor’Easter slamming the coast with white snow laced with blue algae, visible in the sunlight angles. 
    The perfect financial storm will be at least three times worse than the 2008 financial crisis that engulfed the subprime bond market. This time, the entire global bond market has been wrecked. The USTreasury Bond market has almost no legitimate buyers, has suffered massive dumpings in abandonment, and depends upon banker derivatives to fabricate phony demand. The corporate bond market is turning gradually into a BBB junk bond yard, after years of abused bond issuance devoted to share buybacks and executive options. The malinvestment has been astonishing and universal. The Emerging Market bonds have been kept afloat by Western banks, as they lent money to service the badly impaired debt. It can actually be stated with accuracy that the entire global bond market is subprime, led by the USTBonds.

    read more.

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February 26, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Global Financial Reset … Q&A with Lynette Zang and Eric Griffin

  • ITM Trading Streamed live on Feb 19, 2019
    Link to the Slides and Sources: https://www.itmtrading.com/blog/febru…
    Question 1. AK: Hi Lynette and Eric, when you do your Q&A could you please say in very lemans terms why Lynette thinks the economy will crash on Feb. 26th.
    Question 2. Dan H: The New Zealand central bank holds no gold! Any idea what happens to the country’s that don’t hold gold during and after a reset?
    Question 3. Steven L: I didn’t quite understand what’s going on with MM funds buying 80%+ of these packaged toxic waste from Fannie. Was there some sort of misrepresentation by Fannie to sell them? What can they say to even remotely convince these MM funds this kind of stuff qualifies in their funds?
    Question 4. Larry G: You suggest holding cash on hand. Then you say that the value of the dollar will go to $0. So aren’t you losing any value the dollars once had? Meaning that any cash you are holding at the reset becomes worthless. You could lose a lot of money (buying power) holding cash.
    Question 5. Ron L: How will the reset affect those who don’t yet own a home but will want to purchase one after the reset with the gold they own now?

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February 21, 2019 Posted by | Economics | , , , , , , , , , | Leave a comment

Will Stocks CRASH If the FedRes Doesn’t Print Money?

February 6, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Grant Williams: The Trouble in Europe Has Only Just Begun

  • Macro Voices Published on Jan 31, 2019
    Erik Townsend and Patrick Ceresna welcome Grant Williams back to MacroVoices. Erik asks Grant if we in a cyclical bear market and where he feels treasury bond yields are headed next. They discuss tensions between China and Taiwan, the rise of global populism and the future of France and Europe. Grant shares his update on how things are developing on Australian Real Estate and the risks of a recession. They end with touching on gold and the U.S. dollar.

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February 4, 2019 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Sinclair & Bill Holter: Trump Presides Over Bankruptcy of US — Global Reset by June 2019?

  • Jim Sinclair & Bill Holter: Trump Presides Over Bankruptcy of US — Global Reset by June 2019?
    by Greg hunter’s USAWatchdog.com (Early Sunday Release)
    Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair warned last summer there were big problems coming in the global financial system. Today, Sinclair says, “We destroyed everything. We not only destroyed the financial markets, we destroyed society. I’m going for June of this year. The reset button gets reset after a few days of a flash crash that can’t be stopped. We’re flash crashing to hell, piece by piece by piece, until all of a sudden, the motion of the entity cannot be stopped.”

    Holter says, “I think President Trump is going to preside over a bankruptcy. He’s gone through bankruptcies with his own companies and understands the process. That’s what this is. It’s the bankruptcy of the corporation of the United States.” Sinclair adds, “Much of Trump’s business career is in bankruptcy, and he has used it as an asset quite successfully.”

    Holter also points out, “Paul Volker, when he was Chairman of the Fed, was able to raise rates and able to tighten the money supply. He was able to create a deep recession. The reason he was able to do that was the country, corporations, individuals and the federal government itself was not over-leveraged in 1980 to the extent it is today. The over-leverage is everywhere today. If Paul Volker came in today and tried to do what he did back in 1979 and 1980, all you would see for markets and the economy is one big black smoking hole. You would have the entire system come down.”

    Sinclair warns, “If Bill and I were standing on a street corner as preachers, our sign would read not ‘the end is near.’ Our sign would read, ‘it ended.’” Sinclair goes on to say, “The flash crash to hell has started because the U.S. dollar is only up for one reason. It’s only up because there is a synthetic short.”

    Holter adds, “And if you look at the dollar chart, it is rolling over. The next big move in the dollar is down, which also tells you the next move in any asset priced in dollars is going to cost more dollars because the dollar will weaken dramatically.”

    In closing, Sinclair says, “The dollar standard is over. We were on a gold standard, and then poof, Nixon, and out. What has happened to the petro-dollar? Poof, it’s out in comparison to what it was. What system is next? The marbles standard? Gold is going back . . . to a store house of value.”

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February 4, 2019 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The World Is About To Change And Nothing Will Stop It: Jordan Sather

February 4, 2019 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

FINAL MELT UP BEGINS? Markets 2 / Fed 0

  • ITM Trading Streamed live 5 hours ago
    May 2013 then Fed Chair Ben Bernanke mentioned the idea of slowing the free money spigot and the global markets had a taper tantrum. Fed response? Balloon their balance sheet to over $4.5 trillion.

    Markets 1 / Fed 0

    Welcome the taper tantrum 2018 with the worst stock market performance since 2008. So what did we learn? The Federal Reserve has tried to taper again and again backed down. Fed Chair Powell stated that the Fed “will not hesitate to make changes in light of economic and financial developments” and since they cannot raise rates to their target 3.5% (even though average drop in rates into a recession is 5.5%) if they “want to cut rates more than lower zero bound, would use full set of tools” stating that the Fed had “room to do substantially more”, meaning the QE free money drug would be available.

    Markets 2 / Fed 0

    What can protect you as the free money drug no longer keeps the markets high, since more of the same is all that’s left? Real money gold and silver. In fact, spot gold just exhibited a “Life” cross, technically confirming the upward trend. Meaning, both gold and silver are most likely to get a lot more expensive in the near future.

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February 2, 2019 Posted by | Economics | , , , , , , , , , | Leave a comment

The ‘Cartel’ Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets

  • The ‘Cartel’ Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets
    by Tyler Durden, https://www.zerohedge.com/
    First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecuting “anti-competitive” practices in euro-denominated sovereign bond markets.

    One month after the European antitrust regulators charged Deutsche Bank, Credit Agricole and Credit Suisse of being a part of a ‘bond trading cartel’, regulators are bringing a separate case against eight unidentified European banks alleging that they conspired to rigging euro-denominated sovereign bond markets.

    Reuters reported Thursday that the European Union’s antitrust authority has charged the banks with operating the cartel behind 2007 and 2012. 

    Just like in past cartel cases, traders at the accused banks allegedly used chat rooms to share “commercially sensitive information and coordinated trading strategies” that they presumably used to rig markets to benefit their own trading books – and shortchange their “counterparties”.

    read more.

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February 2, 2019 Posted by | Economics | , , , , | Leave a comment