Socio-Economics History Blog

Socio-Economics & History Commentary

A “Cat 5” Financial System Hurricane Swirls Offshore

Global financial storm approaching!

Global financial storm approaching!

  • A “Cat 5” Financial System Hurricane Swirls Offshore
    by Dave Kranzler,  
    One of the biggest benefits I get from writing newsletters (Mining Stock and Short Seller’s Journal) is that I get “grassroots Main Street” intel from subscribers.  This has led to some invavluable insights into the housing market and the general economy all over the country. Yesterday I received this email:

    Heard from a friend east of the Atlantic that things are worse than are even being reported by alternative media. I bet the only thing the banks would like more is if the Chinese took another week off! I also heard next week could be big trouble.

    ‎My friend’s employer is a financial institution in Europe – you can probably guess which country.  Words used were “chaos” and “possible shutdown.” Advised to buy silver as much as possible.

    I tried to pull more info out of him but he was understandably compelled to pass on generalities in order to protect the identity of his friend. Having said that, the information is consistent with what is unfolding at Deutche Bank.  It also dovetails with the systematic take-down of gold.  I’ll have more on that later today.   Interestingly, the media attention has focused on DB.  But the stock market is telling us that Credit Suisse has huge balance sheet problems as well …

    Both DB and CS have significantly underperformed the benchmark bank index since early March. The index is composed of U.S. Too Big To Fail and super-regional banks. With all the “smoke” coming from DB, it’s entirely possible that Credit Suisse is either inextricably tied to the fate of DB via a perilous derivatives counterparty relationship or CS has catastrophic problems of its own that swirling around but receiving less media attention.

    The reality is that all of the U.S. Too Big To Fail banks are also inextricably tied to DB through OTC derivatives counterparty relationships. DB was excessively aggressive in underwriting exotic energy-related derivatives both in the U.S. and Canada (this comes from an inside source of mine), which means that JP Morgan and Citi, specifically among several others, are tied to DB’s fate.

    As detailed here, Deutsche Bank received two bailouts from the Fed and the Government approaching $100 billion in 2008: U.S. Taxpayers Bailout DB. Without question, this is because the big U.S. banks are tied at the hip to the fate of DB.

    read more.


October 8, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Does The Attack On Gold & Silver Signal An Imminent Bank Collapse

  • Does The Attack On Gold Signal An Imminent Bank Collapse
    by Dave Kranzler,  
    Since August, the gold price managers – aka “the gold cartel” – have been regularly dumping a lot of paper gold onto the Comex when the Comex floor opens at 8:20 a.m. EST. It’s been their standard operating procedure for the better part of the last 15 years.  The fact that the world’s largest gold buyer – China – is closed all week for a holiday observance takes away the biggest physical market bid for five trading days, making it easier to smash down the price of gold using fraudulent fiat paper gold.

    It’s hard to ignore that the events in the financial and economic system unfolding now are not unlike the events that occurred prior to the 2008 “great financial collapse,” which was a de facto western banking system collapse.  The U.S. and European economies are contracting, the housing market is beginning to crumble (see this – link – for instance), the auto market is headed south as auto loan defaults are headed north and it would appear that the middle class consumer is out of disposable income.  There are plenty of other factors that make this time around much worse than 2008, but we’ll save discussion of those for another day.

    It’s also hard to ignore “quacking” coming from Deutsche Bank.  It would appear that DB is on the ropes financially.  The incessantly repetitive denials of any problems coming from Central Bankers and the DB upper brass  make the “quacking” even harder to ignore.  If it looks, sounds and operates like a collapsing bank…well, it’s probably a collapsing bank.

    There’s no doubt that the recent take-down of gold and silver  – especially today’s – is inextricably connected to some sort of financial system disaster brewing.  In today’s Shadow of Truth, we discuss the massive hit put on gold and reasons why it’s likely an operation implemented to prevent gold from alerting the public that a potentially catastrophic financial hurricane is swirling around “offshore.”  After all, it is hurricane season.

    read more.


October 8, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: Any of These Triggers Can Cause Global Financial Meltdown. You’ll Wish You Had Prepared

  • Published on Oct 5, 2016
    Europe’s largest bank, Deutsche Bank, is on the ropes and Germany vowing not to bail it out. Like the Lehman 2008 collapse, will Deutsche Bank’s derivative web pull down the rest of Europe and the world’s banking system with it? Proprietary precious metals and markets analyst Rob Kirby also weighs in on which nation have accumulated the critical mass of gold to emerge as global leaders after the looming crisis. Kirby updates his views on the U.S. Presidential race and what it reveals about the epic struggle of globalist powers vs. the sovereignty of nations unfolding before our eyes!

    * Deutsche Bank failing, can’t pay its fines, Germany won’t bail it out.
      “As goes Deutsche Bank, so goes Europe & the rest of the world”?
    * Germany is pivoting towards the East, US is sending a message in return.
    * Banks are highly interconnected: difference between DB & Top 5 American banks is mostly just who they report to.
    * US Banks under Fed, US regulators allow unsavory behavior in the name of national security.
    * US picking a war in Syria – going up against Putin, not in the interest of American people, who’s pulling the strings? Only serving globalist cause.
    * Globalists: eugenics, reduce human population, one world government, contempt for humanity.
    * Nationalism manifesting itself in the Brexit, groundswell of support for Donald Trump.
    * Even hearing globalism in the mainstream press!
    * Who’s got the gold? Before and after 2008 collapse, central banks went from not accumulating gold to rapidly accumulating gold, especially China and Russia. Whatever the trigger for an economic reset, what difference will it make which.
    * Overriding of Obama veto on 9/11 victims’ rights bill is a tipping point. This is the first time Obama veto has been overturned by both House & Senate.
    * 28-pages of 9/11 Commission report indicated Saudi financing.
    * Saudis have warned US that they may start selling oil not is US dollars.
    * Wikileaks dump may be a game-changer.
    * The current US Political and media circus is an insult to the office of the Presidency, and to the good people of the United States.
    * Regardless of where the system will come apart, what can the ordinary person do to take care of themselves and their family?
    * The volcano is rumbling, spewing ash and steam.. We are very close to a life-changing upset in our capital markets.. Don’t move closer, back away and take basic steps:

    Precious metals, arable land, stored for and water, home protection, relationships with other like-minded people in community, get your spiritual life in order – rather than relying on materialism or entertainment distractions. Do it now!


October 7, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: A Notable Hidden Force. The US is Trying to Provoke a War with Russia

  • A Notable Hidden Force – Will Lehr Interviews Jim Willie
    by Perpetual Assets  
    Jim Willie, editor of The Hat Trick Letter is back!!! Find his latest work on 

    We cover hot topics today including Jim’s new take of Chinese involvement in Deutsche Bank’s gold derivative book. This is a brilliant play in which China would be able to unload treasuries converting them to gold, while also causing a force majeure of the COMEX. Jim believes the massive gold paper dumping yesterday has everything to do with this.

    Jim gives us a plethora of his fantastic side stories and tangents all rich with life lessons, including Big Bob the tennis player, the hungry brother lions, Jim’s recent movie goings, Tico contractor fraud, and more… Truly great stuff.

    The truth is being revealed. A hidden force can be felt. It seems the tides of control are turning. Jim and I discuss the good guy/ bad guy saga. The JASTA vote and the subsequent lawsuit against Saudi Arabia are just the beginning. A highly publicized legal investigation of the official story of 9/11 is now underway. Pandora’s box is open. And much more…


October 6, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

It’s Here, & It’s NOW. Bill Holter Warns The Unwind (Global Collapse) Is Going to Be VERY FAST


October 6, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Gold & Silver Slammed At Comex Open Just Like in 2008: Something Bad Is Coming. Some Type of Systemic Disaster

Global financial system Titanic hits iceberg!

Global financial system Titanic hits iceberg!

  • Gold & Silver Slammed At Comex Open Just Like in 2008: Something Bad Is Coming. Some Type of Systemic Disaster
    by Dave Kranzler,  
    This is starting to smell a lot like 2008.  By nearly all private sector reported economic data series, the economy is starting to tank hard.  Just today the employment component index of the NY ISM manufacturing report plunged at its fastest pace in history and hit a 7-yr low.  A bevy of private sector reports yesterday showed similar trends.  Most notably construction spending fell in August – vs. a .7% gain expected.  It was the second month in row construction spending declined after a big downward revision pushed July into a decline vs. June.  Construction spending is now contracting for the first time in 5 years.

    But there’s an even bigger problem to throw in the mix.  It’s called “Deutshce Bank.” Despite inexorable pleas to the market by CEO, John Cryan, DB is exhibiting ALL of the characteristics displayed by Lehman in the months leading up to Lehman’s collapse.  If DB were forced to undergo an independent – and by independent I mean non-Central Bank, impartial outside third party – audit and a bona fide mark to market of its off-balance sheet “assets,” the bank would be catastrophically insolvent.  As it is now, the stock market values DB stock at just 26% of DB’s stated “book value.”  It’s true book value is likely negative by at least few $100 billion.

    Just for the record, I did “back-of-the-envelope” mark to market analysis on the balance sheets of Lehman, JP Morgan, Washington Mutual and Wells Fargo at the beginning of 2008.  This was before I had a blog but I had shared my work with Bill “Midas” Murphy’s Le Metropole Cafe.  My work showed that each one of those banks were hopelessly insolvent if accurate mark-to-market accounting would have been enforced on those banks by the regulators.  Wash Mutual and Lehman collapsed that year.  JP Morgan and Wells Fargo also would have collapsed if the Government had not ripped over $800 billion away from taxpayers and gave it to the big Wall Street banks plus Warren Buffet’s bank.

    Deutsche Bank is at least as underwater as each of those banks – and probably more underwater than Lehman and Wash Mutual combined.   If the western Central Banks can’t find all of the hidden skeletons in DB’s derivatives closet and clandestinely monetize them, DB will collapse.

    Gold is being taken down just like it was in 2008 ahead of some type of systemic disaster coming at us.  Gold hit $1020 in March 2008 just as Bear Stearns was collapsing.  It was taken down even more during the summer, ahead of Lehman’s collapse.  These events should have pushed gold over $2000 back then.  Gold eventually almost did hit $2000 by late 2011.  The same price management effort is being implemented now and the elitists will do their best to keep gold from broadcasting a loud warning signal to the markets that something is wrong.

    read more.


October 6, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Andy Hoffman: Global Meltdown Upon Us

  • Published on Oct 4, 2016
    By all accounts, at least if you talk to those in the alternative media, Deutsche Bank is in the death throes, its Derivatives book making it too big to bail out – and yet without a bailout the collapse of Deutsche Bank will surely bring down other major international banks as well. Andy Hoffman from Miles Franklin returns to SGT Report to discuss the worsening global economic picture on a day in which gold and silver and associated mining shares were gutted along with any remaining confidence in Germany’s largest bank. Join us as we document the collapse for this first week of October, 2016.
Global Super Storm: economic, financial and currency meltdown??

Global Super Storm: economic, financial and currency meltdown??


October 6, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Industry Insider Warns: America Is A Tinderbox And Multiple Matches Could Set It On Fire: “We’ve Obviously Got A Major Financial Crisis Brewing”

  • Industry Insider Warns: America Is A Tinderbox And Multiple Matches Could Set It On Fire: “We’ve Obviously Got A Major Financial Crisis Brewing”
    by Mac Slavo,  
    Over the last month we’ve seen financial markets around the world rattled. Just this past week a bank that is considered to be one of the pillars of the global financial system was revealed to be in dire straights and so deep in debt that it is likely insolvent. Billionaires that include legendary investor Warren Buffet have existed broader stocks and are now sitting on the sidelines waiting for the next leg down. And even U.S. Presidential candidate Donald Trump, in a debate with rival Hillary Clinton, warned that a single misstep by America’s central bank could lead to a devastating crash.

    In the following interview K92 Mining President Bryan Slusarchuk echoes these sentiments and explains that a confluence of economic, financial, monetary and geo-political events have left us in a position that is significantly more dangerous than at any time in recent history.

    We’ve obviously got a major financial crisis brewing… And people are now putting Deutsche Bank in the same sentence as Lehman Brothers… People are starting to realize that we might be in trouble like we were in 2008.
    However, the central bankers and the big national governments don’t have the same ammunition now that they had then to deal with the financial crisis…

    At the same time we’ve got a confluence of negative events… Not only are things downright scary in terms of the financial crisis that’s on our doorstep, but we’ve also got these huge geo-political tensions all over the world…
    Everyday you look at a different headline as to a deepening mistrust between the U.S. and Russia… You’ve got the North Korean situation… you’ve got the quagmire that is the middle east… and you’ve got domestic terrorism in all sorts of countries that 20 years ago it would have been unthinkable… It’s a difficult situation out there.


October 6, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

The Bond Market Is Flashing Red, Something Is About To Happen

  • Published on Oct 4, 2016
    Corporations and financial institutions are continually laying off employees. Gold was brought below $1300. Subprime auto loans are back and they are getting ready to pop. NYC real estate is declining rapidly, there goes the real estate market. ISM employment crashes. US ends fiscal year with 1.4 trillion worth of debt. IMF sees inflation hitting the US much faster than the Fed. IMF has downgraded GDP again. Canada downgrades GDP. Italy is preparing for the collapse of Deutsche Bank. The bond market is flashing red, something big is about to happen.


October 6, 2016 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Willem Middelkoop: The SDR Has Arrived and Silver Should Expect to See Shortages in the Market

October 5, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

The United States Imports Record Amounts of Gold from Switzerland! Meanwhile, Deutsche Bank Faces Total Collapse

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

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

  • The United States Imports Record Amounts of Gold from Switzerland! Meanwhile, Deutsche Bank Faces Total Collapse
    by Nathan McDonald,  
    I have been pointing out for months now that something fishy is going on behind the scenes. It began last month, when I highlighted the fact that the United States had reversed a massive, long-lasting trend of exporting gold, and in fact was beginning to import record amounts of gold from Switzerland. Well, not only has this trend continued, but it has accelerated.

    As has been in the breaking news this week, Germany is facing growing pressure to bail out Deutsche Bank as it becomes increasingly apparent that this bank is facing a massive crash and liquidity problems.

    This is becoming a self-fulling prophecy as the CEO of the bank states, pitifully blaming hedge-funds and speculators for much of their woes. It could never have anything to do with the fact that they were, as many other banks are, horribly over-leveraged and lacking reserves.

    Adding fuel to the fire, a bank run has begun and customers of the bank are rapidly withdrawing their funds. If you know anything about how disgustingly leveraged and thus vulnerable our modern-day banking institutions are, then you will know that this is the mark of death for any bank and can rapidly destroy the banking institution in question.

    If Deutsche Bank goes under, mark my words. We WILL be dealing with a massive spread of contagion that could put the entire banking system around the world at risk.

    read more.


October 3, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Deutsche Bank Systematic Breakdown Might Start A Chain Reaction Collapse

  • Published on Sep 30, 2016
    Largest Dutch bank preparing to layoff thousands of employees. US spending declines. Heavy trucking decline signals a recession/depression heading our way. Atlanta Fed revised their GDP number once again even lower. Secret storage facilities in Switzerland is home to gold and other type of storage for the elite. Deutsche bank is collapsing and the fallout will bring other banks crashing down.


October 3, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Sinclair & Holter: The Most Dangerous Period in History is Today


Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University, has warned that the so-called notional value of the worldwide derivatives market is over $1.4 quadrillion (Quadrillion = 1000 Trillion).

Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University, has warned that the so-called notional value of the worldwide derivatives market is over $1.4 quadrillion (Quadrillion = 1000 Trillion).


October 2, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Deutsche Bank To Trigger Global Financial Collapse THIS Weekend? Eric Sprott Warns “This Is EXACTLY How Things Go Down!”


October 1, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Collapse of Dollar and Rise of Gold

October 1, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment