Socio-Economics History Blog

Socio-Economics & History Commentary

UN Report, We Are On The Verge Of The Third Leg Of A Global Financial Crisis

  • Published on Sep 23, 2016
    Euro zone business growth hits a two year low. There is now a 60% increase of homeless people in NY since 2011. Mortgage apps tumbe by 7.3%. Manufacturing PMI slides. World Trade is in contraction. The Atlanta Fed and the NY Fed both slashed GDP growth, the economy is reported being very weak. The United Nations is now warning that a global financial crisis is imminent.

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September 24, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fritz Springmeier: The IMF Will Announce a New Global Currency on Sept 30th. The End of The PetroDollar is Here!

Statue_of_Liberty_overwhelmed_by_Tsunami_waves1

Shit_Storm

  • Fritz Springmeier: The IMF Will Announce a New Global Currency on Sept 30th. The End of The PetroDollar is Here!
    by Fritz Artz Springmeier, http://www.facebook.com
    IT’S HERE; THIS IS IT. (21 SEPT ’16) This is the culmination of so many things I’ve written about in the past. I finally have a date to pass on, Friday, Sept. 30, 2016, (more specifically, perhaps late in the afternoon of the 30th for the IMF announcement.) (Before today, I thought it would be after Hillary was by voter-fraud & rigged voting made president.) I suggest you sit down while you read this. Insiders, who care more about their fellow humans, than the corrupt system they are part of, have whispered warnings about this. A few alert financial analysts like James Rickards have picked up on the Sept. 30th date & are warning people. Let me slow down and walk us through this financial watershed event. This kind of sudden destruction matches the prophecy of REV 18:8,10 (& PRV 6:15, ISA 30:13 & 1 THS 5:3).

    THE DOLLAR’S STATUS AS THE WORLD’S RESERVE CURRENCY, what some call the petrodollar. Because large deals between nations are done in dollars, it can be said that 85% of global transactions are done in U.S. dollars. I have explained many times that our dollar’s VIP status globally has allowed the U.S. to create as many dollars out of thin air that it wants without destroying the dollar’s value–inflating the supply of money is simply a global tax on everyone who holds dollars, and more dollars are held by foreigners overseas than by Americans. In other words, we have been getting a free ride. I have repeatedly discussed the moves behind the scenes to dethrone the dollar. Russia & China has been working behind the scenes to get the entire world to desert us. They have also been buying up high levels of gold. Now that moment that we have wondered about is actually upon us…the date is Sept. 30, 2016, when the IMF has plans to announce a “world money”. The IMF has been issuing low-key statements about this new world currency. Additionally, hidden on it’s site is a 42-page blueprint entitled “Enhancing International Financial Security” which spells out in obtuse difficult to understand jargon that they are going to announce this new “world money”. This is the “global reset” that Christine LaGarde (hd. of the IMF & Illum.) has been talking about. When our dollar crashes, the IMF will run our economy like they have been doing to other 3rd world nations in debt. The Illuminati will directly run the show (all of America’s finances) through the IMF. Foreign central banks are preparing to ship their useless dollars back to the USA.
http://www.zempreneur.com/uploads/5/7/6/1/57616765/rickards_bigdrop.pdf

Click on image for pdf book.

  • WHAT DOES THIS MEAN FOR YOU?? Friday the 30th will come & go like all days for you. It will be like when the 9.0 Indonesia earthquake happened. The resulting tsunami took time before it hit Thailand and India. But things will fundamentally change that day. Dollars will be dumped for the new “world money”. It won’t be long before the stock market loses perhaps 60% of its value. Sell your stock now. The “world currency” (whatever they call it) will not be available to the common person, only the elite, although James Rickard has written a book: The Only Way to Own the New World Money. He has a way that people can access the new money through him. He has also written a book on this Sept. 30th event entitled: The Big Drop (2nd edit.) I have not seen the book myself. Rickard also puts out a periodical called “Strategic Intelligence”. After this global “reset” your 401K will go to 0. Gold and silver at some pt. will hold their value, so I highly recommend the actual metals…not paper receipts saying you have gold.

    read more.

US_Economic_Collapse

Global economic, financial and currency meltdown approaching!

Global economic, financial and currency meltdown approaching!

http://thenewamerican.com/economy/economics/item/14579-killing-the-dollar-g20-imf-push-for-global-fed-global-currency

Click on image for article.

http://www.thenewamerican.com/economy/economics/item/20833-imf-the-new-global-fed

Click on image for article.

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September 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | 1 Comment

Ignore the Fed, Something MASSIVE is Brewing in Europe’s Banks

http://www.express.co.uk/news/world/688424/Struggling-Italy-banks-could-spark-financial-crisis-EU-refuses-to-help

If Italian banks fall, French and German banks are toast. The EU and Eurozone will collapse. Click on image for article.

  • Ignore the Fed, Something MASSIVE is Brewing in Europe’s Banks
    by Phoenix Capital, http://www.zerohedge.com 
    The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political. From a financial perspective, the Bank of Japan is well aware that its current tools cannot and will not generate sustained GDP growth. Bank of Japan head Haruhiko Kuroda implicitly admitted back in January that regardless of what he does, Japan has “potential growth rate of 0.5% or lower.”

    That is a HECK of an admission by a Senior Level Central Banker. Politically, the BoJ’s other primary tool (interest rates) is also a dead end. Japan’s foray into NIRP has proven to be a disaster from a political perspective with a significant media and political backlash. This combined with the fact that Japan’s first round of NIRP resulted in the Yen exploding higher (exactly the opposite of what the BoJ wanted) left the BoJ with little of note.

    So the BoJ did what all Central Bankers do in these circumstances and promised it would do more if needed. 

    Which brings us to the Fed. The Fed will announce today at 2PM whether or not it will hike interest rates. In the Big Picture, what the Fed does or doesn’t announce really doesn’t matter. The markets have already adjusted as though the Fed was hiking rates with bonds selling off and the US Dollar rallying sharply.

    Indeed, few noticed, but the US Dollar just staged its second BIGGEST single day rally of the year on Friday. The only other day in which the $USD rallied more was on BREXIT when the entire global currency system came unhinged.

    This kind of move is a clear signal that something MAJOR is underway “behind the scenes” in the financial system. My belief is that the “something” is a European Banking Crisis. Multiple major EU banks hit new record lows yesterday.

    The EU Banking System is three times the size of the US’s and leveraged at 26 to 1 (Lehman was leveraged at 30 to 1 when it imploded). THIS is the big issue for the market today. Focusing on what the Fed does is like focusing on the sink while your home is ablaze. 

    We believe the global markets are on the verge of another Crisis. 2008 was Round 1. This next round, Round 2, will be even worse.
http://www.express.co.uk/finance/city/641080/European-banks-heading-for-collapse-warns-expert

Wakey! Wakey! Global economic, financial and currency crisis may be delayed but it is rapidly approaching. Got physical gold/silver yet? Click on image for article.

http://www.telegraph.co.uk/business/2016/03/01/europes-depression-is-deliberate-eu-choice-says-former-bank-of-e/

Click on image for article.

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September 22, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

Will The October Surprise Be More Shocking Than Everyone Expects? Something Is Brewing And It Might Be The Catalyst That Ignites The Economic Collapse

  • Published on Sep 21, 2016
    FBI searching for two other individuals that might have seen the FBI plant the explosives. US Government pushing race wars in Charlotte NC.US and South Korea are practicing on how to attack a nuclear facility. Russia contacted the US twice about the attack on Syrian forces. Russia shows a terrorist vehicle riding along side the humanitarian aid convoy. Russia also reports the US had a drone in the air. Russia wants an impartial investigation into what happened. Turkey will extend the war in Syria. Russia has changed the rules of engagement, any plane that approaches and attacks Syria is fair game. John Kerry pushes the agenda of a no fly zone in Syria.
  • Published on Sep 21, 2016
    34% of Americans have $0 saved up. The US Government manipulated the wage earnings for the elections and to keep the illusion alive that economy recovered. Gallup CEO destroys the idea that the economy has improved and recovered. US freight and rail traffic has declined which shows the economy is continually deteriorating. Corporations are hoarding 2.5 trillion dollars overseas. Something massive is about to happen, the dollar is rising and the last time we saw that was the BREXIT.

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September 22, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

As China Prepares to Announce Their Gold Reserve Amount by End of The Month, Debate Over Gold Backed Yuan Increases Sharply

  • As China prepares to announce their gold reserve amount by end of the month, debate over gold backed Yuan increases sharply
    by http://www.thedailyeconomist.com/  
    As part of their requirements to enter into the SDR basket of currencies in October, China will soon be revealing the quantity of their gold reserves sometime between now and Sept. 30.  And with them also recently being appointed the managers of the M SDR internationalization program, debate over China implementing a gold backed currency is once again increasing at an accelerating rate.

    At the heart of the discussion is how China is using their growing geo-political power to integrate 3rd world nations, especially those in Africa, in moving forward despite not having the economic finances to expand their infrastructure base.  And to date this has been shown to be moderately successful in a myriad of different ways, and could be the catalyst for catapulting a gold backed Yuan using their growing alliances and Silk Road strategies to envelop a large portion of the world under a financial umbrella that would be impervious to U.S. and Western subjugation.

    In his March interview with CCTV the geostrategic analyst highlighted that China is “facilitating trade and development for Third World nations in ways major Western funders could not.” Beijing is interested in boosting logistic networks in Eurasia and therefore it founded the Asian Infrastructure Investment Bank (AIIB) to fund the projects. 

    Furthermore, “China may also offer barter trades in lieu of cash transactions for rail infrastructure projects, as was the case with Thailand. It seems to work. For cash-strapped economies, barter may emerge as an essential instrument of regional economic stability and a ‘gold yuan’ may help facilitate such a paradigm shift,” Maavak elaborated speaking to Sputnik. In the context of the ongoing Eurasian integration, the RIC (Russia, India and China) nations may “weaponize” their gold holdings to ring-fence the Greater Eurasian geo-economy, according to the analyst. – Sputnik News

    Whether it is through a gold backed SDR, or a gold backed Yuan, the world is rushing towards a return of some form of a gold standard.  And unfortunately for the West, which has been spending their currencies bailing out their banks and propping up their stock markets, China has been the one cultivating economic partnerships that when the time comes, could catapult them into becoming the masters of the next global financial system.
https://sputniknews.com/politics/20160915/1045341538/gold-yuan-china-dollar-eurasia.html

Click on image for article.

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September 22, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

The Entire Economic System Is One Big Illusion: Charles Hugh Smith

September 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Biggest Market Crash in HISTORY is Coming as HUGE Debt Bubble Bursts, Top Investor Warns

http://www.express.co.uk/finance/city/712178/World-set-for-crash-WORSE-than-2008-when-monster-debt-bubble-explodes-warns-investment-ex

Click on image for article.

http://www.express.co.uk/news/world/700610/Deutsche-Bank-ADMITS-it-is-preparing-for-market-crash-as-fears-over-bail-out-grow

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http://www.express.co.uk/finance/personalfinance/675892/US-economy-recession-drag-down-UK

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http://www.express.co.uk/finance/city/667850/Investors-told-to-brace-themselves-for-stock-market-crash

Click on image for article.

http://www.express.co.uk/finance/city/649840/Global-financial-crisis-bubbles-bursting-every-day-Yale-academic

Global economic, financial and currency collapse approaching rapidly. Click on image for article.

September 20, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Reich Economics: Jim Willie On End of Fascist Business Model and Return to the Gold Standard

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • Reich Economics: Jim Willie On End of Fascist Business Model and Return to the Gold Standard
    by Jim Willie, Golden Jackass, http://www.silverdoctors.com/
    The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They are instead aligned with support of the power structure where big banks conduct self-dealing and print money for themselves.

    Consider many of the Fascist Business Model messages, laced within the endless din of propaganda. Their messages are all false, in support of the existing power structure in place. The Jackass privately calls it Reich Economics, a truly broken appendix to the demonstrably broken Keynesian chapters of heretical economics. The West has followed the methods of John Maynard Keynes, who also held disdain for the Gold Standard. In doing so, the West has destroyed the financial platforms, eroded the capital formation devices, polluted the business arenas, and put the entire USEconomy at risk of systemic failure.

    The only success of the model is preservation of power, which soon will come to an end.

    Consider the many primary tenets of what the Jackass disparagingly calls Reich Economics, the phony standards of destructive economic and financial practices. They are all embedded in heresy. The public and financial professionals are coerced to accept the heresies as dogma, passed on by the high priests at the USFed and Wall Street banks. They are all highly destructive, yet widely accepted as valid and firmly in place.

    read more.

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September 20, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

The Central Banks Have Prepared The Economy For A 50% Market Collapse

  • Published on Sep 19, 2016
    Ken Rogoff pushing for negative interest rates and a cashless society. The Fed has prepared the economy for a 50% market crash. US Congress says the enormous debt is now a national security issue. The central bankers are preparing to transition the US dollar into the SDR. Which means the everyday person is going to feel the economic pain.
http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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September 20, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Chart Shows DEATH CROSS in Monetary System! Guaranteed Collapse.

September 20, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Dollar Collapse Starts Sept 30? Gold Bull Will Rage | David Morgan

  • Published on Sep 18, 2016
    With major analysts predicting a convulsive impact to the US Dollar this fall, driven by a global rush into the new SDR basket of currencies once it becomes turbo-charged with the Chinese Yuan and gold, how will Gold and Silver react, and what can you do NOW even beyond holding gold & silver to position yourself ahead of the next surprise leg of the bull market?


    IN THIS INTERVIEW:
    * Approaching Sep 30, 2016 Chinese Yuan addition to the SDR basket of currencies.
    * Jim Rickards has predicted a major upset to the global fiat currencies, including the US Dollar at the end of trading (4pm EDT Sept 30, 2016)
    * Most nation states know that there needs to be a reset – SDR will be funded by all the nation states, will the SDR be enacted as the new global currency? At least for state-to-state finances?
    * SDR may well be perceived as more desirable since “more stable”: a hedge against individual currency fluctuations. Will dollars be swapped out for SDRs by major holders all over the world?
    * SDR will only take hold if the populace is unaware of what it really means: just another paper fiat scheme.
    * Will SDR manage to extend the over-aged fiat system for a few more months or years?
    * Currency reset will cause a huge disruption in JIT (Just-in-Time) supply chains, but we may truly need to go through a reset to heal the unbacked unsound paper system.
    * Derivatives & swaps leverage are poised to collapse at a tipping point.
    *** True reset without pain is impossible.
    * SDR impact on the gold market? Gold should be included in the SDR, and IMF should reprice gold much higher (Rickards calls for $10,000/oz) to provide liquidity and appearance of stability.
    * SDR could take gold either way, even based on rhetoric – if gold is declared to be in or out.
    * What happens when the psychological tipping point is breached, and the masses of the population follow the 1% of leaders (gold & silver stackers) away from empty fiat currency to real money (gold & silver)? Rush to physical precious metals driven primarily by fear, not greed. Suddenly population panic that their pension plan, saving account, real estate portfolio value will implode.
    * We must recognize the inherent risks in the Keynesian fiat Ponzi scheme – Yes it fuels economic growth on steroids, but when you run out of followers, the pyramid collapses.

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September 20, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

The Coming Bond Bubble Collapse| Michael Pento

  • Published on Sep 18, 2016
    In this week’s podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy.

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September 19, 2016 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Overnight Hibor Soars To 23.7%, Second Highest On Record, As PBOC War With Yuan Shorts Turns Ugly

hibor_chart_chinese_yuan_bear_squeeze-19sep2016

  • Overnight Hibor Soars To 23.7%, Second Highest On Record, As PBOC War With Yuan Shorts Turns Ugly
    by Tyler Durden, http://www.zerohedge.com  
    When last week Hong Kong’s overnight CNH funding rates exploded to the highest since January, many ascribed it to the liquidity scarcity ahead of Chinese holidays on Thursday and Friday. However, we claimed that as the PBOC continues its struggled to prevent USDCNH from rising above 6.70, pushing funding costs to stratospheric levels was precisely one of the tools it was using.

    As we explained last Wednesday, “one reason for the latest surge in funding costs is that with Chinese and Hong Kong holidays on deck, liquidity is scarce. The Hong Kong market will be closed on Friday for the mid-autumn festival and the China markets will be closed on Thursday and Friday. China has traditionally intervened in currency markets just before holidays: last October using illiquidity just before its long National Day celebrations to intervene in Hong Kong and reduce an embarrassingly wide gap between the offshore and onshore rates. Of course, next week we will have the Fed and BOJ meetings as well, where uncertainty is leading to even more illiquidty.”

    However, the most likely explanation is that in order to force Yuan shorts to capitulate as 6.70 remains just barely within reach, the PBOC is simply continuing to squeeze the yuan shorts and raising the cost of shorting yuan, as explained last week.  Ultimately, the PBoC weakened its yuan fix by 169 pips to 6.6895 versus yesterday’s 6.6726, even as many were expecting the USDCNY to finally breach the the 6.70 resistance level, the defense of whjich may have explained today’s aggressive spike in HIBOR tightening.

    This theory was validated overnight when the overnight interbank yuan rate surged the most since January in Hong Kong amid what Bloomberg said was “speculation China’s central bank is intervening to fend off bearish bets on the currency.” The offshore yuan funding cost, known as Hibor,jumped 15.7% points in its second-biggest gain on record to 23.7% according to a fixing from the Treasury Markets Association.That’s the highest since January, when the People’s Bank of China was also suspected to be mopping up liquidity to boost the exchange rate. Funding conditions tightened on Monday even after the Hong Kong Monetary Authority said Thursday banks in the city had tapped its liquidity facilities. The three-month yuan interbank rate climbed 81 basis points in Hong Kong to 5.86%, the highest since February, while the one-month rate increased to an eight-month high.

    read more.

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September 19, 2016 Posted by | Economics | , , | Leave a comment

The Central Banker Manipulation Will Not Stop Silver Exploding Higher: Bill Murphy

September 19, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

George Friedman: Italy Is the Mother of All Systemic Threats

Bank_Panic_in_Italy

  • George Friedman: Italy Is the Mother of All Systemic Threats
    by George Friedman, http://www.mauldineconomics.com/  
    Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, the Italian crisis would still have been gathering speed.

    The high level of non-performing loans (NPLs) has been a problem since before Brexit. It is clear that there is nothing in the Italian economy that can reduce them. Only a dramatic improvement in the economy would make it possible to repay these loans. And Europe’s economy cannot improve drastically enough to help. We have been in crisis for quite a while.

    Banks were simply carrying loans as non-performing that were actually in default and discounting the NPLs rather than writing them off. But that only hid the obvious. As much as 17 percent of Italy’s loans will not be repaid. This will crush Italian banks’ balance sheets. And this will not only be in Italy.

    Italian loans are packaged and resold, and Italian banks take loans from other European banks. These banks in turn have borrowed against Italian debt. Since Italy is the fourth largest economy in Europe, this is the mother of all systemic threats.

    read more.
http://www.express.co.uk/news/world/697908/MAKE-OR-BREAK-Italy-gives-green-light-pivotal-referendum-which-could-DESTROY-EU

Click on image for article.

http://www.independent.co.uk/voices/why-italy-s-economy-is-about-to-collapse-a7091221.html

Click on image for article.

http://www.express.co.uk/news/world/691326/Italy-prime-minister-Matteo-Renzi-political-financial-break-down-Eurozone-European-Union

Click on image for article.

http://www.express.co.uk/news/world/688424/Struggling-Italy-banks-could-spark-financial-crisis-EU-refuses-to-help

If Italian banks fall, French and German banks are toast. The EU and Eurozone will collapse. Click on image for article.

http://www.telegraph.co.uk/business/2016/07/16/why-italys-banking-crisis-will-shake-the-eurozone-to-its-core/

Click on image for article.

http://www.express.co.uk/finance/city/686853/Italy-s-deepening-banking-crisis-could-rip-the-eurozone-apart-warn-experts

Click on image for article.

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September 19, 2016 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment