Socio-Economics History Blog

Socio-Economics & History Commentary

Gregory Mannarino: Central Bank Debt Bubble Will Wipe Out Large Portion Of Global Population

  • ANALYST: “MILLIONS UPON MILLIONS OF PEOPLE ARE GOING TO DIE ON A WORLD-WIDE SCALE WHEN THE DEBT BUBBLE BURSTS”
    by Mac Slavo | SHTFPlan.comMAY 14, 2015
    It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets.


    It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.


    The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?

    In the following interview with X22 Report Spotlight, well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.

    As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:

    read more.

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January 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

America’s Most Closely Guarded Secret: The Covert Fund That Controls It All — Rob Kirby

  • Published on Jan 22, 2016
    Rob Kirby joins me to expose extremely important economic information which the majority of the world knows nothing about. Rob says, “We are talking about something here that is extremely dark. This is a very dark entity. This is one of the most closely guarded secrets that America has.” The men behind the curtain have been using this top secret deep state funding source to manipulate world events and currencies for nearly 100 years.

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January 23, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

John Williams: New Recession is Here Now

  • John Williams: New Recession is Here Now 
    by Greg Hunter’s USAWatchdog.com
    Economist John Williams says a recession isn’t on the way–it’s already here. Williams explains, “There are a number of factors here that are showing recession. Number one is industrial production. You can’t ignore industrial production; it is usually used with retail sales in timing formal recessions. It turned down last December, and it generally has not looked up since. You’ve had three out of four quarters in the last year contracting. The numbers that came out for the fourth quarter showed year to year contractions that you never see outside of recessions. This is typical of a formal recession. You are also seeing recession if you look at the housing numbers. They have turned down quarter to quarter for the fourth quarter . . . with housing starts. If you look at the stock market and the S&P 500, the revenues that are being reported for companies . . . revenues for the S&P 500 are falling off quarter to quarter. You never see that outside of a recession. That is a broad measure of economic activity. . . .The Atlanta Fed . . . their GDP number for the fourth quarter has just dropped to .6%. . . . I think it will be negative in the second reporting. With all these factors coming together, I think you will have an early call on a new recession or at least it will be viewed as a new recession in the early part of this new year.”


    Williams says the main thrust of the Federal Reserve has been to prop up troubled banks that are still in trouble. Williams says, “There is very little the Fed can do now to help the economy. Actually, raising interest rates helps some because they can build a little more profit margin in their lending. . . .But if they run into trouble, if the banking system runs into trouble, they are going to do everything they have to do to keep the system from collapsing. They are going to be providing more liquidity and, if anything, they are going to be lowering interest rates. Along with that, you should see some reversal in the tremendous strength you have been seeing in the dollar. That will start to unwind all the craziness in markets like gold and silver and oil. . . . The reason why you have strength in the dollar is there is expectation here that interest rates are still going higher. The global economy, the global financial system is in enough trouble that the central banks, including in the United States, are going to go back into some sort of salvage operation, which will not mean higher rates in the United States. That will mean a reversal in the dollar’s strength. That is the primary prop behind the dollar, that and the expectation that the U.S. economy is booming along. I can tell you the economy is not booming along.”

    read more.

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

Michael Maloney: The Greatest Crisis in the History of Mankind is Here!

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

Dave Kranzler: $20 Oil to Cause Junk Bonds to Crash… Bigger Bubble than 2008

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

Elite are a GO to CRASH the World Economy, Web Bot Predictions & MORE

January 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: We Are On The Precipice! Derivatives Threaten to Topple the Global Financial System!

  • David Morgan: We Are On The Precipice! Derivatives Threaten to Topple the Global Financial System!
    by Adam Taggart, http://www.peakprosperity.com/  
    Precious metals guru David Morgan returns to address the great threat to the global financial/monetary system from derivative risk. He sees the world at an unprecedented moment in history where the interconnected nature of the global economy makes all players vulnerable to the mind-boggling volume of outstanding derivatives, which makes the sum of all world equity + debt look tiny in comparison (if you haven’t seen it yet, look at this visual from The Money Project):

    I want to give a very clear example that comes from gaming theory and I think this is a very concise and easy way for most people to understand our derivative risk exposure .

    There are all kinds of gambling programs out there but one of the simplest ones before any computers was: you are at the roulette table (or you could be wherever, but roulette serves as the best analogy), and you bet a dollar on black and you lose. Then the next bet, you bet $2.00 and you lose. And then the next bet, you bet $4 and you lose. And the next bet, you bet $8 and you lose. The idea is that you keep betting on black, and eventually that’s going to come up and you’re going to win on the roulette table. The problem with that is this. You start to bet 2 4 8 16 32 64 128 256 and on and on, and what you are doing is you are betting $256. For what? To win a dollar. That is what you are doing. And that, Chris, I think is the best example I can give to the listeners about what we are doing in these derivatives.

    This is based on simplified “delta hedging” which is fairly easy to understand. But now you’ve got these mathematicians out there writing these derivatives that make the example I just gave you look like child’s play. That’s literally a fact. And these things are so interdependent and there is so much counter-party risk — that is, of course the biggest, issue — If you win the bet in the derivatives market, what happens if the counter party can’t pay you? That’s what happened in 2008. People still don’t realize how close we were to the edge at that point because banks were not trusting each other or each other’s paper. So they weren’t trusting their counter-party. What happened was the Fed came in and said: Well, Bank A you don’t trust Bank Bs paper; Bank B you don’t trust Bank As paper — here’s what we are going to do: I’ll take your paper. The Fed is taking these worthless mortgages and saying: We’ll settle in T-bills. You like those things, don’t you? The answer is: Of course. What is better than a T-bill?

    So then they settled out and, of course, this is where this whole expansion of the Fed’s balance sheet has taken place over the past several years. Everybody is happy because you have paper you can trust. But what happens when you don’t trust government paper? And Chris, that is really what is happening now. If you look at the foreign markets ,what has been going on is they basically have been dumping the dollar. The exchange stabilization fund has come in and sopped it up so it’s not transparent to the markets unless you really know how to dig deep.

    We are, in my view, in a place where the world has never been. We are on the precipice of a situation that is global in scope and  — for all practical purposes — is going to effect almost everybody on the planet. 

    read more.

Edge_of_Cliff

WarrenBuffet-Financial_Derivatives_r_WMD_n_time_bombs_for_the_economic_system

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January 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

The Perfect Storm is Here! Andy Hoffman on the 2016 Collapse

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

Bill Holter: This Is It. Collapse Is Here!

  • Published on Jan 17, 2016
    Bill Holter from JS Mineset joins us to cover the unfolding global economic collapse. “This is it. We’re watching the meltdown. This is history being made.” Bill says. Holter explains, “The Fed has lied themselves into a corner. They raised rates and here we are a month later, the system is imploding and they have no bullets left. They are going to have to do QE4, they are going to have to do negative interest rates.” “I believe this is it. The margin call, the meltdown, we’re watching it in real time… I guess the best way to look at where we are right now is, we’re standing at the gates of Hell.”

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January 18, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Why Are JP Morgan & RBS Warning Us To Sell Stocks On Any Rally?

2008_financial_crash_stock_market

  • Why Are JP Morgan & RBS Warning Us To Sell Stocks On Any Rally?
    by Filip Karinja, for Birch Gold Group
    IN A WORRISOME TWIST, TWO BIG BANKS ARE WARNING CLIENTS TO GET OUT OF THE STOCK MARKET WHILE THEY STILL CAN. WHY THE PANIC?


    Following the worst start to a year in the stock market, Week 2 of 2016 sees the likes of the Royal Bank of Scotland (RBS) and JP Morgan issuing a simple warning to clients: Get out of the stock market ASAP!

    Don’t worry, we were shocked to hear them say that too.
    RBS told its clients: “This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

    Of course, we’ve already been arguing for some time for people to get to the life boats of the Titanic and as far away from the sinking ship as possible — that is, while there are still available seats on the rafts.

    The RBS went further to state that 2016 would be a “cataclysmic year”. Simply put, the RBS knows that it’s only a matter of time before the market goes belly up and they don’t want to risk their clients losing everything — as many of them did during the 2008 global financial crisis that “no one could see coming”.

    JP Morgan has joined RBS in parroting this message that people should jump ship. For the first time in 7 years the bank has gone bearish on stocks stating:

    “Our view is that the risk-reward for equities has worsened materially. In contrast to the past seven years, when we advocated using the dips as buying opportunities, we believe the regime has transitioned to one of selling any rally.”

    This warning becomes even more interesting when you take into context the fact that JP Morgan just posted their first loss in six years with loan loss provisions, to the tune of $89 million. They themselves are feeling the pinch.

    If you need a reminder from the 2008 crash and how quickly the stock market can collapse, then do yourself a favor and go see the new movie, The Big Short. In it, you will see how manipulated these markets are, and how quickly a company like Bear Stearns can go to $2 a share in a matter of days, after being a whopping $159 only 365 days earlier. Or, you can see how loans rated a safe and secure AAA by respected credit rating agencies fell apart in days.

    If you think it can’t and won’t happen again, then we have news for you: The problems from 2008 and before have been brewing for some time. They’ve been papered over in a bid to keep this current system going.

    But, you know this charade is really running out of steam when the big banks who benefit from this current paradigm are TELLING YOU that the sky is about to fall. 

    If you don’t own at least some precious metals, right now might be your best last chance to diversify your savings. Following Friday’s stock market plunge, U.S. stocks are off to their worst 10-day start to a year ever. You can still buy gold and silver. To get started, give us a call. Or, simply click here to request a free info kit on gold
http://www.telegraph.co.uk/finance/economics/12093807/RBS-cries-sell-everything-as-deflationary-crisis-nears.html

In a deflationary crisis, banks will collapse as asset prices spiral downwards and default on loans escalate. The financial system will go into meltdown. Smart money will flee to physical gold/silver because confidence in in the banking/financial system will evaporate. Got physical gold/silver yet? Click on image for article.

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January 18, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Dr. Jim Willie: You Can’t Handle The Truth!

  • Dr. Jim Willie: You Can’t Handle The Truth!
    by Will Lehr of PerpetualAssets.com interviews Jim Willie of GoldenJackass.com , 16 Jan 2016
    The Fed is admitting that we have a systemic Lehmann event unfolding, and with too big to fail policies suspended the logistics are in place to kill the banks, or some of them…

    Today we are sub $30 oil, according to Jim and sources a bank collapse should be coming soon. The leverage to oil derivative contracts is massive and the banks are exposed. Jim hears that many of these hedges expire this January, February, and March.

    Jim gives us a friendly Econ 101 lesson regarding the divergence of opinion and strategy between Micro and Macro forces. A company may have a different agenda from it’s country, enter Germany.

    We discuss the fall of the house of Saud. Jim says the fall of the Erdogan Turkish regime is near, and to watch its currency. He believes we may seen redrawn Turkish borders in the future.

    Jim draws a parallel between Ukraine and Syria and how each were used as attacks via Qatar. Jim calls out the US attacks in Syria, the supposed ISIS targets, which are really all key Syrian infrastructure.

    Apparently Jim Kerry turned 180 degrees in Russia as he met with Putin saying US no longer requires Assad to step down as leader, and US requests the Turkish military evacuate Syria and Northern Iraq. The anti-NWO is on the rise. The great splintering of our nation is under way as good forces attack the bad.

    We discuss the Narco trade. Doctors without borders was apparently overtaken by Bush heroine trade, and then bombed by good forces. Jim reveals how ISIS was being paid via this criminal cartel. There has been disrupted narco flow that apparently was even being used to prop up the US stock market.

    Jim illustrates the fracturing taking place of NATO, which he calls a war alliance, a heroine alliance, and a terrorism alliance. Germany, France, and even Britain are going against NATO forces in Syria. And more, and more, and more…

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January 18, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nomi Prins: Financial Crisis Worse Because It’s Global. US at Center of Financial Black Hole

  • Nomi Prins: Financial Crisis Worse Because It’s Global. US at Center of Financial Black Hole 
    by Greg Hunter’s USAWatchdog.com  (Early Sunday release) 
    Best-selling author and journalist Nomi Prins says the next financial crisis will be much worse than 2008. Prins contends, “If you look at the beginning of 2016 . . . it’s indicative of the rest of the year. We are seeing declines everywhere, and they are significant declines. The stock market won’t be a correction, but indicative of more downward spiraling to come.”

    So, will the coming financial crisis be worse than the 2008 meltdown? Prins explains, “Yes, it is worse because it is global. What happened in the subprime crisis, and I talked about this in an earlier book, “It Takes a Pillage,” the subprime crisis was primarily constructed by U.S. banks, and then, those toxic assets and bonds distributed throughout the world. For the most, part they were on a small amount of loans in the United States that were leveraged a lot. . . . Now, they have distributed that cheap money with loans on a global basis. That’s why oil contracting and the knock on effect with defaults with oil companies throughout the world has a far greater impact. It’s not just on bank balance sheets, but companies and how many jobs they will have to cut and how many factories they will have to close throughout the world. It relates to a greater economic depression than the leverage of subprime loans did, but it also relates to the very same banks.”

    Prins, who was also a top Wall Street banker earlier in her career, goes on to say, “It has started to be 2008 on steroids if you just look at the first two weeks of 2016. If you look at the number of defaults that have come in. If you look at the decrease in the stock market. We won’t see it yet, but when you look at losses with banks throughout the world when they report what’s happening in this current quarter. I do not know if this is 2008 on steroids, but it is 2008 on a global basis. It has the ability to take down more countries more quickly than the subprime crisis did. . . .The world is fragile, and it is a global fragility.”

    read more.

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January 18, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Peter Schiff: How The FedRes Is Killing The Global Economy

  • Published on Jan 15, 2016
    David Knight talks with economist Peter Schiff about the Federal Reserve and how they have been systematically sabotaging the global economy.

Curtis_Dall-Depression_calculated_shearing_of_the_public_by_World_Money_powers_WallStreet_One_World_Government_Federal_Reserve_Bank

http://www.wnd.com/2008/03/59405/

Click on image for article.

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January 16, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: War Is The Endgame

  • Published on Jan 15, 2016
    David Knight talks with Gerald Celente about the economic downturn and what the elites plan to distract the masses is.

http://www.biblegateway.com/passage/?search=Revelation+6%3A2&version=NKJV

From: Vintage 'Trees' music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

From: Vintage ‘Trees’ music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

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January 16, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Drop In The Market Is The Economic Collapse Warning Shot Across The Bow

  • Published on Jan 15, 2016
    The stock market crashes which continues its 10 worse day since the beginning of this year. UBS says its time to buy gold. Walmart is closing stores and laying off 10,000 employees. Retail sales crashed this holiday season and stores are starting to feel the pain. Business to inventories hits new highs signalling a recession. Empire manufacturing plummets again. Baltic Dry Index falls to new lows once again. The petro-dollar is now under threat of being discontinued. FED warns if the economy continues to decline they will reverse the interest rate hike and might start QE4.

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January 16, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | 1 Comment

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