Socio-Economics History Blog

Socio-Economics & History Commentary

EURO IS OVER: Italy Opposition Set to Push Out Renzi AND Failing Currency After Referendum

http://www.express.co.uk/news/politics/736963/Italy-Matteo-Renzi-Italeave-EU-European-Union-Five-Star-Movement-Berlusconi-politics-Euro

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http://www.express.co.uk/news/world/725531/Europe-brink-banking-Armageddon-crisis-Credit-Crunch-economy

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http://www.express.co.uk/news/world/704996/Banks-preparing-for-economic-nuclear-winter-Senior-banking-analyst-warns-of-EU-APOCALYP

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

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http://www.ibtimes.co.uk/bis-warns-gathering-storm-global-economy-markets-lose-faith-central-banks-1547898

The Illuminist bankster serpents who are causing the coming global collapse are blaming everyone for the problem. Click on image for article.

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

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November 28, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders

Container_Shipping_vessel_collapsing

  • Shipbuilding in Japan, Korea, China Collapses in Death Spiral of Orders
    by , http://wolfstreet.com/  
    “Worse than the one following the Global Financial Crisis.”
    New orders received by Chinese shipyards – now infamous for undercutting competitors and sinking into bankruptcy – have plunged 58.5% so far this year through October, compared to last year, according to shipping industry data provider BIMCO, cited by the Nikkei. At South Korean shipyards, which include the three largest in the world, orders have plunged 84.2%; at Japanese shipyards, 90%.


    They all focused on large dry-bulk vessels, tankers, and containerships. But this year, orders for tankers globally plunged 80% and for container ships 84%.

    Global trade, which collapsed during the Financial Crisis but then recovered in a V-shaped manner, was expected to continue soaring. Instead, it has languished over the past few years. Carriers that transport these goods in dry-bulk vessels, tankers, and container ships, face rampant overcapacity and crushed shipping rates. Smaller ones have sunk. In August, Hanjin, the sixth largest carrier and a formerly too-big-to-fail company in South Korea, was allowed to fail. And they all stopped ordering ships.

    However, orders at European shipyards have jumped 45% through the first eight months this year. On the global scale, they’re small players, accounting for only 9.3% of the order book. But they focus on the smaller thriving market for cruise ships, ferries, and tugs.

    Globally, orders for ships plunged 77% so far this year through October. But 2015 had already been down 13% from 2014. And 2014 had been down 26% from 2013, the first good year since before the Financial Crisis. In 2007, orders had peaked at 92 million compensated gross tons (CGT). So far this year, orders are down to 10 million CGT.

    read more.

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November 26, 2016 Posted by | Economics | , , , , , , | Leave a comment

Dr. Jim Willie: Golden Jackass with Turd Ferguson — ThanksGiving

www.goldenjackass.com

Click on image to play interview MP3 file!

  • Gobble Up Some Jackass
    by Turd Ferguson, http://www.tfmetalsreport.com/ , 24 Nov 2016 
    It’s a market holiday weekend so you know what that means….fresh Jackass for your listening pleasure! In this wide-ranging conversation, The Jackass and I discuss:

    * the U.S. election results
    * the roiling global markets post-election
    * what the turmoil in the currency markets may suggest
    * how changes in global interest rates will impact the global economy and markets
    * the impact higher rates are having on hyper-levered balance sheets
    * AND MUCH, MUCH MORE.

    Enjoy and Happy Thanksgiving to all!
    TF

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November 25, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Corbett Report: Nomi Prins Explains The Central Bankers’ Game of Thrones

  • Published on Nov 22, 2016
    SHOW NOTES AND MP3: https://www.corbettreport.com/?p=20523 

    Today James talks to Nomi Prins, author of books like All The Presidents Bankers, about her recent article “The Central Bank Power Shift from West to East, Game of Thrones Style.” We talk about the changing economic and monetary landscape and how the locus of central bank power is shifting to the East, with players like the People’s Bank of China gaining in prominence and former US/EU lapdogs like the IMF becoming brokers for these new power players in the new world financial order.

Carroll_Quigley_Tragedy_n_Hope2

Charles_Lindberg_on_FedRes

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

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November 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | 1 Comment

Physical Gold Buying Soars In Asia

  • Physical Gold Buying Soars In Asia  
    by Dave Kranzler, 17 Nov 2016, http://investmentresearchdynamics.com/
    Gold was pushing $1230/oz overnight, as the methodical take-down of gold and silver in the NYC and London paper markets has triggered an avalanche of demand for physical gold in the eastern hemisphere.

    Last night ex-duty import premiums in India were $14 over spot gold.  In Shanghai the premium to world gold was $9.76.  Delivery volume into the Shanghai Gold Exchange rocketed to an extraordinary 86.55 tonnes (it was 35.9 tonnes on Wednesday).  The open interest on the SGE was 807 tonnes.  To one observer’s recollection, John Brimelow of John Brimelow’s Gold Jottings, this is the first time the open interest has been over 800 tonnes.

    In Viet Nam the premium paid by the public was $90 over world gold.  The spread has been wider over the last 15 years, but not much and only during times when there’s been high “backwardation” between the physical delivery bullion markets in the east vs. the fraudulent paper gold markets in London and NYC.

    To reinforce this nebulous idea of gold flowing from west to east, and unusually high amount of gold was shipped out of the Comex kilo bar vaults yesterday.  320,434 ozs left the Comex.  Over 12,000 kilobars have left JP Morgan’s kilobar vault account in the last two days.  This is being attributed as evidence of Asia’s voracious demand right now, as NY and London – when those two conduits actually clear real metal – trade 400oz LBMA grade bars whereas Asia prefers kilobars.

    The price of gold is being attacked right now in a manner that is quite reminiscent of the way it was attacked in the summer of 2008, right before the global financial markets collapsed, led by the fall of Lehman.

    Something really ugly is coming toward the global economic and financial system.   The dollar index soared from 72 to 86 between June 2008 and October 2008, while gold and silver were systematically taken a lot lower.   We know how that played.

    read more.

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November 24, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: Record Run into Gold And Silver Coming

  • David Morgan: Record Run into Gold and Silver Coming
    by Greg Hunter’s USAWatchdog.com
    Precious metals expert David Morgan says trillions of dollars of negative interest rate paying bonds is a sign we are getting close to another financial calamity bigger than the last. Morgan explains, “Now, as everyone knows, we are even at negative interest rates, and people are buying into this.  They are guaranteed to get less back. . . . This is the upside-down world we are living in.  This is the scientific planet that is our reality.  So, this is the reason you will see a run to the dollar before you see a run to gold. . . . We are in the final step before another 1% of the population takes action into the precious metals.  When the run starts, it won’t be because 90% of the population wakes up and says I need precious metals to protect my financial wellbeing.  What will happen is another 1% will wake up and say I need precious metals to protect my financial wellbeing.  That will double the market.  The physical gold market is less than 1% of all financial assets, and the silver market is about .02% of all financial assets.  So, it doesn’t take a big amount of new money to put the paper price at stratospheric levels, and that’s what will take place.  When people don’t trust the dollar they are holding in their hands, when that happens, there will be a run into gold that will be in the financial record books. . . . The dollar is going up, up and up, and it will peak.  Once it starts down, it will start down kind of slowly, and then, it will build momentum.  Then, it will hit terminal velocity.  It will hit a level that it has accelerated to its maximum point and will continue until it hits the ground. . . . As that occurs, more and more people will be motivated to move into the precious metals.  The door is very narrow, and there will be a big flood of people wishing to get through that door.  It’s going to come down to you will either have it or you won’t.”


    On the question of whether or not Trump will prosecute the Clintons about pay-to-play accusations and the Clinton Foundation, Morgan says, “Certainly this is like the interest rate swaps, and all these global entities in the global banking system are interconnected. I mean if you have a failure in one, it’s systemic.  It goes throughout the whole system.  That’s a good analogy for the Clintons.  This failure of the Clinton dynasty goes throughout the entire system.  They are so connected and it goes across party lines.  There is no doubt about that.”  So, there is no telling how the Clinton question will actually play out.

    Will the Trump Administration have an economic calamity in the bond market because of the heavy global debt load? Morgan says, “Yes, something will take place before the four years is over.  I can almost guarantee that.  The math is just too simple to see, and you are already seeing it in the bond market.  I am very confident because how the bond market is reacting and the amount of paper that has been pushed upon the system that cannot tolerate any more.  Things will unravel in some way, shape or form. . . . I think before that four year time frame (Trump’s first term) is over, we are going to see that big thrust into the precious metals.”

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November 24, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

We Need A Reset & A Debt Jubilee, The Economic Outcome Will Be Devasting: Jeff Nielson

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

James Rickards: The Road to Ruin — The Global Elites’ Secret Plan For The Next Financial Crisis

  • Wake Up with Steve Curtis – 22 Nov 2016 
    Steve’s guest is James Rickards; author of “The Road to Ruin – The Global Elites’ Secret Plan For The Next Financial Crisis”. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is ARTIFICIAL – that’s according to New York Times bestselling author JAMES RICKARDS.

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November 24, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash

US_Govt_preparing_for_Collapse

  • “Obama Set Up the Next President For a Major Recession”… And A Giant Crash Is Coming
    by Michael Snyder, November 21st, 2016, Economic Collapse Blog 
    Editor’s Comment: The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat. It won’t just be Trump the man or the president, but the people who elected him, who backed Brexit and who gave up on their system. They people who let loose the chaos that now consumes us.

    Their rage, their anger and their desperation is brewing unrest. The ascent of populism in the political arena has put the establishment in retreat, and revealed, at last, a most dangerous atmosphere, from which collapse can properly precipitate … one in which all regulatory steadiness on the part of the system has been thrown off balance and out of whack by popular revolt. By the time the hammer falls, and the markets fall to the ground, the people rioting in the streets and losing their civility when ATMs stop working and store shelves go empty – these people will become the face of the disaster. The banks have been planning the next rise and fall for sometime; the next phase is all digital, and tightly monitored and controlled.

    We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash
    by Michael Snyder

    Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years.  Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead.  The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates.  Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown.  And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money.  The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later.

    For those that are not familiar with the bond market, when yields go up bond prices go down.  And when bond prices go down, that is bad news for economic growth. So we generally don’t want yields to go up. Unfortunately, yields have been absolutely soaring over the past couple of weeks, and the yield on 10 year Treasury notes has now jumped “one full percentage point since July”… 

    read more.

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

James Rickards: End Game for the Global Economy

  • Published on Nov 18, 2016
    On Mises Weekends this week, James Rickards joins Jeff to discuss The Road to Ruin, his latest book outlining what financial elites have planned for the next financial crisis. Rickards highlights a number of policy tools governments and central bankers have created for themselves, and points to their handling of recent crises in Cypress and Greece bail-in approach as patterns for the rest of the world.


    But, with the Federal Reserve and their peers around the world still unable to normalize their balance sheets following 2008, the real question is: “who is going to bail out the central banks?” Jeff and Jim discuss the answer to that question—and how people can protect themselves—in an interview you won’t want to miss.

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

The Central Banks Indicated Their Next Move, Ban Cash, Raise Rates, Crash It All

  • Published on Nov 21, 2016
    According the Chicago Fed, the economy is not robust and growing. The US government fakes the retail sales numbers. Former CEO of UBS says the central banks are at a point of no return. The global ban on cash is not over, the central bank is pushing for an interest rate hike which signals the beginning of the crash of the economy. The TPP is dead and China is making deals with nations looking for a trade deal.

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

The Global Cash Ban is Not Over… It’s About To Intensify

world_war_on_cash

  • The Global Cash Ban is Not Over… It’s About To Intensify
    by Phoenix Capital…, via http://www.zerohedge.com 
    The War on Cash is not over… it is about to intensify. The Trump Presidency has distracted from the next major move to be implemented by Financial Elite. That move is a cash ban. Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks. Indeed, it is the ONLY problem they have yet to address.

    If you’re a large bank and you’re overleveraged due to excessive assets to capital ratios (particularly assets that are at risk of losing value or default) there are three key issues you need to control.

    1)   You need to be able to value your assets however you please.
    2)   You need access to liquidity without lowering you asset to capital ratios.
    3)   You need to be able to stop bank runs or capital flights.

    The Central Banks have already fixed #1 and #2 by suspending “mark to market” accounting standards and implementing QE, respectively. And thanks to rehypothecation, banks can sell assets to Central Banks via QE and still use those same assets as collateral on their derivatives trades.

    That leaves #3: capital flights.
    At the end of the day, no matter how many tricks the Financial Elites employ via accounting gimmicks and QE programs, depositors can still choose to take their money out of the banks and transfer it to physical cash.

    Hence the call for cash bans, particularly of large bills. The Elites claim that they want to do away with $100 bills (or greater denominations) to stop money laundering or other illicit practices.

    The reality is that banning large bills makes it much more difficult for depositors to move their money into cash. Taking out $20,000 or more in deposits when it’s broken down into $100 bills isn’t too difficult.

    read more.
http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash

Click on image for article.

http://www.wsj.com/articles/preparing-for-a-world-without-cash-147035

‘666’ Propaganda! Subscription needed. Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

http://money.cnn.com/2016/02/15/news/500-euro-bill-banknote/

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http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

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

Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”

Don't you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

  • Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”
    by Tyler Durden, http://www.zerohedge.com 
    Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered “fake news” within the “serious” financial community, disseminated by fringe blogs?

    Good times.
    In an interview with Swiss Sonntags Blick titled appropriately enough “A Recession Is Sometimes Necessary“, the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by criticizing the growing strength of central banks and their ‘supremacy over the markets and other banks’. The former chief executive officer claimed that the use of negative interest rates and huge positive balance sheets represent ‘weapons of mass destruction’. He calls for an end to the use of negative interest rates. 

    Sounding more like a “tinfoil” blog than the former CEO of the two largest Swiss banks, Grübel warned that central banks have “crossed the point of no return” which will ultimately “end in a crash.”

    Joining Deutsche Bank in slamming NIRP, Grubel said that banks are losing hundreds of millions of francs each year to negative interest rates paid to central banks.

    Worse, he warned that central banks will eventually lose their credibility in the markets but that this could take 10 years or more, at which point it will “all end in a crash.” What happens then? The former CEO believes that the final outcome will be wholesale financial nationalization: “after that all banks could belong to the state”

    Grubel also the doubted the wisdom of the Swiss National Bank’s balance sheet: “the Swiss National Bank’s balance sheet now accounts for 100 percent of GDP. Japan is also 100%, but mainly invested in its own state paper. The ECB and the Fed are 30%. Switzerland is far, far, far ahead. Is that wise?”

    read more.

Louis_McFadden_1929_Stock_Market_Crash_International_Bankers

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

Click on image for article.

Carroll_Quigley_Tragedy_n_Hope2

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

US, China & Russia May Hold Talks on Restructuring US’s Massive Debt Under Trump

us_treasury_n_10_dollar_bill

  • US, China & Russia May Hold Talks on Restructuring US’s Massive Debt Under Trump
    by https://sputniknews.com/  
    Russia, China and other emerging market economies have intensified the sale of holdings in US government bonds. Russian financial experts suggest that if the selloff continues, and President-elect Trump moves forward on his spending promises, Washington, Beijing and Moscow may end up holding talks with creditors on restructuring US debt.

    The latest figures made available by the US Treasury Department on foreign holdings of US government debt show that even as total investment into US treasury bills has grown, the stakes of China and Russia have dropped off significantly, from $1,258 billion to $1,157 and $89.1 to $76.5 billion, respectively. The drop, consisting nearly $100 billion (or 9.1%) of China’s total holdings, and $12.6 billion, (or 14%) of Russia’s, saw Russia drop one spot from the 18th to the 17th largest holder of US debt. China remains the number one foreign stakeholder, but pulled out over $28 billion just between August and September.

    Financial experts have long held that US Treasuries are a highly dependable investment, one which has never faced the prospect of defaulting, making them a good purchase during times of market volatility.

    Speaking to Russia’s Expert magazine, Broker Credit Service Ultima director Vitaly Bagamanov explained that there are no indications at the moment that Washington is not in a condition to pay on its obligations, particularly given the fact that the US itself is the issuer of the dollars used for settlements.

    Alternatives, Bagamanov noted, include European bonds, but that market is limited, making the US debt market the most attractive even for those countries with strained relations with Washington.

    At the same time, President-elect Donald Trump’s promises to invest in US infrastructure and to stimulate job creation may spur inflation, forcing the Federal Reserve to raise interest rates. This, according to Bagamanov, could lead to a new influx of foreign investment in the US debt market in search of a better yield, and to an outflow of funds from emerging markets.

    read more.

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November 22, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Double Up On Your Prepping, The Collapse Is Most Likely Going To Occur In 2017: James Wesley Rawles

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