Socio-Economics History Blog

Socio-Economics & History Commentary

Greek Debt Crisis Coming To Head – Contagion?

Eurozone collapse is coming!

Eurozone collapse is coming!

  • Greek Debt Crisis Coming To Head – Contagion?
    by Mark O’Byrne, http://www.goldcore.com/us/
    – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default
    – IMF Rebuff Greek Suggestion To Delay Repayments
    – ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters”
    – Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines”
    – ECB Considering A “Second Currency” For Greece

    The Greek government and its “partners” appear to be reaching the end of the road in their negotiations to release the final €7.2 billion of its €240 billion bailout deal.

    Eurozone countries are demanding that the new Greek government produce a list of reforms that prove its credibility before releasing euros to them. However, Finance Minister Varoufakis is suggesting that Greece will not retreat from its red lines and did not rule out a referendum or early polls if talks remain deadlocked.


    Greece is rapidly running out of cash with which to pay public sector wages, pensions and welfare payments. At the same time Greece is expected to pay €930 million which is due over the next few weeks.

    It would appear as though the moment of reckoning is fast approaching. If an agreement has not been reached by Friday when the Eurogroup of Finance Ministers meet in Riga it is quite likely that Greece will default.

    read more!

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April 22, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Ex. Congressman Ron Paul’s Warning to Americans about the Coming Currency Crisis!

April 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | 1 Comment

London Bookmakers No Longer Taking Bets On Grexit, Regulators Prepare For Derivatives Fallout!

Photograph: Petros Giannakouris/AP

Photograph: Petros Giannakouris/AP

  • London Bookmakers No Longer Taking Bets On Grexit, Regulators Prepare For Derivatives Fallout!
    by Mark Melin, http://www.valuewalk.com/
    Just a few days after current U.S. Treasury Secretary and former Citigroup Inc. (NYSE:C) executive Jack Lew warned that Greece leaving the Eurozone family will cause “disruption” and “hardship,” London bookies are saying this bet has gone off the rails.


    London bookmakers close the window, the odds of Grexit are too volatile
    Bookmakers William Hill have thrown up their hands and prefer to pass on the “Grexit” game as they announced this week they will no longer be taking bets on the Greek government remaining in the Eurozone.

    Like any good market maker, William Hill is looking at what market participants are saying on the issue, and their votes with cash speak louder than any voice.

    “No one is interested in backing Greece to stay in the Eurozone until the end of the year, so we decided to pull the plug on the markets until either the decision to leave is taken, or the crisis point passes and a plan is put in place enabling the country to remain in,” a William Hill spokesperson said in a statement.

    The London betting parlor noted that the liquidity on the Greek side had been drying up rapidly as of late. “Greece had been heavily backed down to 1/5 (from 5/1 and then 3/1) to be the first to quit the Eurozone, and we’d also been shortening the odds for Greece to leave during 2015,” said William Hill spokesman Graham Sharpe. ‘It is now looking increasingly likely that they could begin the process of departing very shortly.”

    read more!
http://www.telegraph.co.uk/finance/economics/11545636/Looming-Greek-crunch-threatens-fresh-global-crisis-warns-Osborne.html

Click on image for article!

http://www.telegraph.co.uk/finance/economics/11538509/IMF-tells-regulators-to-brace-for-global-liquidity-shock.html

Click on image for article!

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April 21, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Europe Backs Away From War As The U.S. Pushes For War!

  • Published on Apr 20, 2015
    Greece quietly implementing capital controls. Student loans account for almost half the US Government assets. Russia following advice on debt from the U.S. founding fathers. Venezuela and Uruguay make deal to trade food for oil. Saudi Arabia continually bombing Yemen. Europe backs away from war as the U.S. pushes for war. U.S sends aircraft carrier to intercept an Iran ship allegedly carrying weapons. IS camp 8 miles from U.S. border propaganda to scare Americans. DHS reports sovereign citizen incident increasing and the number of people joining the movement is growing.

Build_up_to_WW3_US_pushing_Russia_into_World_War_3

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April 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Harry Dent: Over $100 Trillion in Wealth Will Disappear!

  • Harry Dent: Over $100 Trillion in Wealth Will Disappear!
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Best-selling author Harry Dent says the stock bubble we have today is the biggest in history.  Dent contends, “Now we’re in a third bubble, and each of these bubbles peaks at higher highs, and then they each crash to lower lows.  We’ve been looking for the Dow to peak right around here between 17,000 and 19,000.  So, we are right in the middle.  We are looking for an even bigger correction likely in late 2016 to 2017.  This whole thing has been in an artificial bubble. . . . We’d be in a depression right now if it were not for $11 trillion or $12 trillion free money printed out of nowhere.  So, this is an artificial environment, and this has never happened before.  The charts look to me that we are at a top, or after a 20% correction, a top later this year.”


    Dent goes on to say, “I think the crash is finally going to start this year, but it will be at its worst in late 2016 early 2017. . . . I expect new lows on the Dow, and I think it will go to 5,500 or 6,000 in this next crash.”

    Dent thinks deflation is what’s coming, not hyper-inflation.  Dent predicts, “When debt is restructured and financial asset bubbles burst, you are destroying.  I’m estimating over $100 trillion in wealth will disappear.  When you create money by magic and QE and bank loans, it can disappear like magic.  Now you see it, now you don’t.  When that money disappears, there’s fewer dollars chasing the same goods.  That’s deflation, and gold is not going to like that.”

    read more!

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April 20, 2015 Posted by | Economics | , , , , , , | Leave a comment

The Global Liquidity Squeeze Has Begun!

Global Super Storm meltdown??

Global Super Storm meltdown??

  • The Global Liquidity Squeeze Has Begun!
    by Michael Snyder, http://theeconomiccollapseblog.com/
    Get ready for another major worldwide credit crunch.  Today, the entire global financial system resembles a colossal spiral of debt.  Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system.  When the system started to fail back in 2008, global authorities responded by pumping this debt spiral back up and getting it to spin even faster than ever.  If you can believe it, the total amount of global debt has risen by $35 trillion since the last crisis.  Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again.  For example, just a few days ago the IMF warned regulators to prepare for a global “liquidity shock“.  And on Friday, Chinese authorities announced a ban on certain types of financing for margin trades on over-the-counter stocks, and we learned that preparations are being made behind the scenes in Europe for a Greek debt default and a Greek exit from the eurozone.  On top of everything else, we just witnessed the biggest spike in credit application rejections ever recorded in the United States.  All of these are signs that credit conditions are tightening, and once a “liquidity squeeze” begins, it can create a lot of fear.

    Over the past six months, the Chinese stock market has exploded upward even as the overall Chinese economy has started to slow down.  Investors have been using something called “umbrella trusts” to finance a lot of these stock purchases, and these umbrella trusts have given them the ability to have much more leverage than normal brokerage financing would allow.  This works great as long as stocks go up.  Once they start going down, the losses can be absolutely staggering.

    That is why Chinese authorities are stepping in before this bubble gets even worse.  Here is more about what has been going on in China from Bloomberg… 

    read more!

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April 20, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , | Leave a comment

Looming Greek ‘Crunch’ Threatens Fresh Global Crisis, Warns Osborne!

http://www.telegraph.co.uk/finance/economics/11545636/Looming-Greek-crunch-threatens-fresh-global-crisis-warns-Osborne.html

Click on image for article!

April 20, 2015 Posted by | Economics | , , , , , , , | Leave a comment

European Central Banks Dumping Greek Assets Ahead Of The Greek Exit!

  • Published on Apr 17, 2015
    IMF admits that their GDP forecast is not realistic. European central banks dumping Greek assets ahead of the Greek Exit. Consumer confidence up, while retail stores close, real estate declines, layoffs and manufacturing implodes. Obama administration least transparent.OSCE registers Kiev moving tanks and other equipment to the contact line. Russia sees Minsk II deal violated by the arrival of the US troops. US pushing the propaganda that Assad used chlorine gas with no evidence. New report, Iran has the capabilities of cyber attacking the US. Cyber hackers targeting nuclear and electric facilities.

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April 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Heads Up! 133 TARGET Stores Close In Canada, Operation Maple Resolve Begins!

  • Published on Apr 19, 2015
    Target Canada closed every last one of the chain’s department stores on Sunday, but not before six employees in Victoria, British Columbia, sent theirs off with a proper farewell.


    The bottom line: Target grew huge by building 130,000-square-foot stores in suburbs. Now it’s seeking growth with smaller stores in cities. This leaves Millions of Square Feet Just Sitting there Empty. These facilities would serve as the Perfect place to House Thousands of People In A Disaster or False Flag Event.

    All tho many of these buildings may be sold in the future, it is important to keep an eye on all future activity at these locations. If you see anything suspicious, Let me know. Ill do my best to cover the story and get the word out there. We are in this together~ D7 

    http://www.huffingtonpost.com/2015/04… 
    Exclusive Footage Inside Closed Down Walmart In California: 
    https://www.youtube.com/watch?v=qYCEZ… 
    http://www.thestar.com/business/2015/…  
    http://www.bloomberg.com/news/article… 

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April 20, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , | Leave a comment

IMF Tells Regulators to Brace for Global ‘Liquidity Shock’!

http://www.telegraph.co.uk/finance/economics/11538509/IMF-tells-regulators-to-brace-for-global-liquidity-shock.html

Click on image for article!

April 18, 2015 Posted by | Economics | , , , , , , , , , , , | 1 Comment

Is The Global Financial System On The Brink Of Collapse? Has the Financial Derivatives Meltdown Started?

Reverse Repo Purchase goes parabolic!

Reverse Repo Purchase goes parabolic!

  • “.. my postulation that a massive, ongoing derivatives melt-down has started, as the derivatives lose value, more Treasury collateral has to be posted. … the Fed is engaging in an enormous reverse repo operation in order to prevent the global financial system from collapsing.” – Quote
  • Is The Global Financial System On The Brink Of Collapse?
    by Dave Kranzler, http://investmentresearchdynamics.com/
    A reverse repurchase agreement, also called a “reverse repo” or “RRP,” is an open market operation in which the Desk sells a security to an eligible RRP counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.  LINKIMF tells regulators to brace for global ‘liquidity shock’ LINK.

    The financial news spin-doctors are attributing today’s abrupt sell-off to a report of a Bloomberg terminal outage and to a report that China has expanded its list of stocks available for shorting.   This explanation for the plunge in stocks globally is so absurd it almost leaves me speechless.

    I have been postulating since mid-December that the strange volatility we’ve been experiencing in the markets – combined with the most intensive effort I’ve ever seen by the Plunge Protection Team (the Fed + the Treasury’s Working Group on Financial Markets) to prop up the stock market and keep a manipulative cap on gold – is occurring because there’s is a massive derivatives melt-down going on behind the scenes.  The volatility reflects the turmoil and the market intervention in stocks and precious metals reflects the effort to keep the problem covered up.

    But a good friend and colleague showed me graph this morning that shows my thinking about a derivatives collapse may be correct – click to enlarge: (top of post)

    read more!
Global economic, financial and currency collapse is coming!

Global economic, financial and currency collapse is coming!

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April 18, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Countries Around The World Are Now Dumping The Petrodollar!

  • Published on Apr 16, 2015
    IMF does not foresee Greece leaving the Euro zone. More than 100,000 people laid off in oil industry. Bankruptcies and Foreclosures skyrocket. Japan is the largest US debt holder. As oil prices decrease, countries are now dumping the petrodollar. TSA is now getting weapons, DHS orders 62 millions rounds of ammo. Ukraine killing those people they don’t need. Ukraine getting ready for a major offensive, equipment being brought to the contact line. Next 911 will be done with remote controlling a plane.

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April 18, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“Inevitable” Economic Collapse, Negative Interest Rates & Abolishing Cash!

  • Published on Apr 16, 2015
    Welcome back to the Junius Maltby Channel. Today we discuss just another sign and symptom of a sick global economy and in their own words, “the inevitable” next catastrophe. Prepare for the theft of wealth globally, the elimination of cash and negative interest rates. Think to yourself…”How often do we hear the term cashless society?”

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April 17, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Leave a comment

Signs That The Elite Are Feverishly Preparing For Something BIG!

Global economic, financial and currency meltdown approaching!

Global economic, financial and currency meltdown approaching!

  • Signs That The Elite Are Feverishly Preparing For Something BIG!
    by Michael Snyder, http://endoftheamericandream.com/
    What in the world are the elite up to?  In recent days, we have learned that the New York Fed is moving a lot of operations to Chicago because of concerns about what a “natural disaster” could do, the federal government is buying 62 million rounds of ammunition commonly used in AR-15 semi-automatic rifles for “training” purposes, and NORAD is moving back into Cheyenne Mountain because it is “EMP-hardened”.  In addition, government authorities have scheduled a whole host of unusual “training exercises” all over the nation.  So are the elite doing all of this in order to prepare for something really BIG, or should we just chalk up all of this strange activity to rampant government paranoia?

    First, let’s talk about what the New York Fed has been doing.  What kind of natural disaster would be bad enough to completely shut down the operations of the New York Federal Reserve Bank?  It would have to be something very unusual, and apparently the New York Fed is very concerned that such an event could happen.  According to Reuters, the New York Fed has been transferring personnel to Chicago and building up its satellite office there just in case a “natural disaster” makes it impossible for normal operations to continue in New York…

    read more!

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April 16, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

IMF Close to Giving Up on Greece After Official Admits Bail-Out Negotiations Are ‘Not Working’ and the Country ‘Prepares to Default on Next Debt Repayment’!

http://www.dailymail.co.uk/news/article-3038472/IMF-close-giving-Greece-official-admits-bail-negotiations-not-working-country-prepares-default-debt-repayment.html

Click on image for article!

April 16, 2015 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

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