Socio-Economics History Blog

Socio-Economics & History Commentary

European Bank Bloodbath Crashes Bond, Stock Markets

European_Bank_risk-20160208

  • European Bank Bloodbath Crashes Bond, Stock Markets 
    by Tyler Durden, http://www.zerohedge.com 
    Just as we warned, not only is it time to panic but the panic is ‘contagion’-ing over into the sovereign risk market. European banks are in freefall, down over 4.3% broadly, crashing to 2012’s “whatever it takes” lows.

    European bank risk has gone vertical… Today’s spike is the largest since April 2010

    TBTF banks are all seeing credit risk explode – to 52-week highs and beyond…

European_Banks_CDS-20160208

  • Slamming European bank stocks back to near “whatever it takes” lows…

European_bank_stocks-20160208

http://bcove.me/dnkfr22r

Click on image to goto video.

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

Is This The Reason For Europe’s Sudden Bloodbath! It is Time to Once Again Panic About Europe

European_Financial_Sub_Risk_Deutsch_Bank-20160204

  • Is This The Reason For Europe’s Sudden Bloodbath
    by Tyler Durden, http://www.zerohedge.com  
    While the ongoing slaughter in European bank credit, and mostly counterparty risk, is troubling, it is nothing new: we have been showing it for over a month, most recently on Friday in “European Bank Risk Soars To 3 Year Highs, US Risk Rising.” 

    And yet there is a new element to the latest European selloff, one which turned vicious just minutes after Europe opened for trading this morning with not just commercial banks (who are now all subject to bail-ins courtesy of the BRRD) being dumped with the Deutsche Bank water, but peripheral spreads and equity markets have all joined in.

    Case in point: Spanish, Portuguese and Italian yields and spreads to Germany are blowing out… 

Germany_Italian_spreads

Spanish_10Y_yield

  • while the Athens stock market just dropped to the lowest level since 1990, as the Greek banking index just crashed over 21% to a new all time low.

    Why the sudden and broad revulsion to everything European? Isn’t China’s devaluation and capital outflow enough worries for the shaky stock market? Or does China being offline for the next week demand that the market find something else to obsess over?

    Perhaps the reason for the shift in market sentiment, which appears to have realized once more that Europe is not at all fixed, had to do with the following note out of Morgan Stanely’s equity strategist, Graham Secker, which we highlighted yesterday, and which admitted that in addition to everything else, it is time to once again panic about Europe.

    read more.
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://theeconomiccollapseblog.com/archives/financial-armageddon-approaches-u-s-banks-have-247-trillion-dollars-of-exposure-to-derivatives

Click on image for article.

http://www.theguardian.com/commentisfree/2015/nov/01/financial-armageddon-crash-warning-signs

Click on image for article.

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

Michael Dohrmann Summary of Lindsey Williams’ Elite Plan For 2016 DVD

“In the June-August timeframe, the U.S. will be facing ISIS attacks.”

  • For interviews of Rob Kirby referenced by Pastor Lindsey Williams see here: Rob Kirby . Note: I do not subscribe to all the views/opinions in the above video.
  • Lindsey Williams Update – Elite Plans for 2016: Take Immediate Action
    by Redstar Kachina, http://www.ascensionwithearth.com/ 
    The name of the game of the elite is CONTROL.
    In the June-August timeframe, the U.S. will be facing ISIS attacks.

    Regarding the financial collapse, it did not happen as the elite expected. Lindsey believes it did not happen because of Divine action. This delay will result in a more severe financial reset when it does happen.

    The Jewish/Hebrew Jubilee year does not end until September 2016.
    Romans 11:15 – For if the casting away of them being the reconciling of the world, what shall the receiving of them be but life from the dead.


    This implies the resurrection of the dead at the referenced timeframe in the verse… no firm date known.

    Romans 11:24 – For if thou were cut out of the olive tree which is wild by nature and were grafted contrary to nature into a good olive tree, how much more shall these which be the natural branches be grafted into their own olive tree.

    Lindsey believes that we are beginning to see this happening now. Jonathan Cahn discusses this in detail. Cut to the video of the young Jewish boy who discusses his near death experience in which in the coming months, there will be a “very big war” in which the whole world will come against Israel.

    The elite have stated that there will not be a next president of the United States of America. Donald Trump would be the next President if the voice of the people were respected. Lindsey quotes an article that mentions Trump being assassinated before he is elected. Trump’s election would be a nightmare to the elite. Once Trump gets in, the game is over. Holder, Jarrett, Obama, Corzine and Clinton could end up in prison for various crimes. The IRS officials would also be imprisoned, and Obamacare dissolved. Trump will go after everyone involved. This is why the elite cannot allow Trump elected.

    The Republican party is planning many possibilities, such as not nominating Trump, which would split the ticket, and Hillary Clinton would be elected as a result.

    read more.

http://www.infowars.com/

Benjamin_Disraeli-World_is_governed_by_people_behind_the_scenes

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February 8, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Negative-Interest-Rate Effect Already Dead, Central Banks Lost Control Over Stocks

BOJ-Hari_Kiri_commit_suicide

  • Negative-Interest-Rate Effect Already Dead, Central Banks Lost Control Over Stocks
    by , http://wolfstreet.com/ , 5 Feb2016   
    And there’s a bitter irony.
    The Bank of Japan’s surprise Negative-Interest-Rate party for stocks set a new record: it lasted only two days.


    Today a week ago, the Bank of Japan shocked markets into action. As the economy has deteriorated despite years of zero-interest-rate policy and Quantitative and Qualitative Easing (QQE) – a souped-up version of QE – the BOJ announced that it would cut one of its deposit rates from positive 0.1% to negative 0.1%.

    Headlines screamed Japan had gone “negative,” that it had joined the NIRPs of Europe – the Eurozone countries, Switzerland, Sweden, and Denmark. But it was just another desperate move, a head fake, and once the dust would settle, the hot air would go out [read…QE in Japan Nears End: Daiwa Capital Markets].

    Now the dust has settled and the hot air has gone out.

    On Thursday, January 28, the day before the announcement, the Nikkei closed at 17,041 down 19% from its Abenomics peak of 20,953 in June 2015. Today, it closed even lower.

    This situation is a bit of an embarrassment for the BOJ which has pushed Japanese asset managers of all kinds, including pension funds, particularly the Government Pension Investment Fund (GPIF), the largest such pension fund in the word, to get off their conservative stance, sell their Japanese Government Bonds which made up the bulk or entirety of their portfolios, and buy risk assets with the proceeds.

    This they did, near the peak of the Abenomics bubble. While the BOJ was eagerly mopping up JGBs, the asset managers bought mostly Japanese equities, but they also bought global equities and corporate bonds. And the mere prospect of all this buying, the front-running by hedge funds, and then the actual buying drove up Japanese stock prices in 2014 and early 2015. The bet seemed to work out. Wealth had been created out of nothing. A few more years of this, and it might actually resolve the Japanese underfunded pension crisis.

    Then the party stopped, and Japanese stocks swooned. In the second quarter of fiscal 2015 (June through August), the most recent report available, the GPIF lost ¥7.9 trillion, or 5.6%!

    read more.

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

Europe’s Economic Outlook Darkens, Sends Shudder Through Markets

Global financial, economic, currency storm is coming!

Global financial, economic, currency storm is coming!

  • Europe’s Economic Outlook Darkens, Sends Shudder Through Markets
    by  anoojad roxanazega, http://www.bloomberg.com/  
    * Gauge of financial risk appetite falls to lowest in 2 years
    * Stocks tumble, Europe’s negative-yielding bond pile swells

    Hints of investor optimism in Europe were snuffed out this week, as the darkening economic outlook registered across the continent and sent stocks and credit markets sliding.

    While market turmoil at the start of this year was sparked by a selloff in commodities and Chinese stocks, the reality of Europe’s own woes hit home as companies reported dismal earnings, and policy makers and institutions lined up to cut economic forecasts and warn of further risks.

    The European Commission cut its prediction for 2016 growth in the 19-nation bloc to 1.7 percent from 1.8 percent and said the largest economies of Germany, France and Italy will all perform worse than predicted just three months ago. While the European Central Bank may spur into action again, moves in the euro and stocks suggest President Mario Draghi may be losing his ability to convince investors he can anesthetize the region from risks.

    “Markets had a very rough start,” said Andreas Nigg, head of equity and commodity strategy at Vontobel Asset Management in Zurich. “There’s only so much central bankers, even Draghi, can do. Each incremental dose probably has a lower impact than the previous one. The weaker-than-expected economic growth and the associated increased likelihood of a recession led to selling of risky assets.”

    Stocks Carnage
    The blunt truth is that the euro area is still struggling to recover nearly six years after it first bailed out Greece, while European leaders are trying to tackle their latest crisis and stem the inflow of refugees.

    The doom and gloom nixed a nascent stock-market recovery in Europe, with a drop of 3.6 percent in the region’s shares this week almost completely erasing the rebound from the previous two. The losses have left the Stoxx Europe 600 Index down 9.9 percent this year, its worst start since 2008. It’s trading near its lowest valuation since July relative to a gauge of global equities.

    read more.
http://www.dailymail.co.uk/wires/reuters/article-3408198/Some-Monte-Paschi-customers-withdraw-savings-banks-stock-sinks.html

Click on image for article.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12111265/Is-Italy-the-next-Greece.html

Click on image for article.

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.

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

BIS Warns: Oil Market Spiral Threatens to Prick Global Debt Bubble

http://www.telegraph.co.uk/finance/oilprices/12143304/Oil-market-spiral-threatens-to-prick-global-debt-bubble-warns-BIS.html

The BIS is a privately owned Illuminist bank. They are once again warning about the problem they had a hand in causing. Pretending to be the good guys, saviors of the world. Click on image for article.

Carroll_Quigley_Tragedy_n_Hope2

https://socioecohistory.wordpress.com/2013/04/18/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency-2/

Click on image for article.

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

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

Jim Willie: Accelerating Events & Disclosures

  • Accelerating Events & Disclosures with Jim Willie 
    by Perpetual Assets  
    Will Lehr of PerpetualAssets.com interviews Jim Willie of GoldenJackass.com
    Join us in a Two Part Series covering current financial and economic events. The discussion in this two hour episode goes all over the place. Please enjoy…

    A new explanation and theory is USD Death seen in Oil Price decline — The dismantling of the Petro Dollar. If the pseudo foundation of USDollar has been crude oil since 1973, then the death of USD is clear. US is focused on war and bank hegemony, while China is focused on trade and infrastructure

    Russia accepts RMB in oil payments from China, as de-Dollarization continue. This is nail in the Petro-Dollar coffin. Next the Gulf Emirates accepted RMB in oil payments

    Iran joins the Eurasian Trade Zone via development contracts with China. A completed triangle on the Eurasian Trade Zone is coming into view. Three empires are joining as Russia, China, and Persia unite in a grand awakening.

    A German leader from Bavaria (Seehofer) met with Putin in the Kremlin supporting conditions set to undercut sanctions during the great flip east. The dumping of Arab human flotsam & jetsam has not gone over well in Germany. Passage paid by USGovt NGO groups including Soros, inducing social sabotage.

    Suncor posts huge $2bn quarterly loss, and S&P downgraded 10 firms. Appearing is a big wide red ink river as oil hedges expire. Big firms have been running at losses while working capital goes rotten.

    Central Banks are no longer expanding balance sheets, as the debt game unravels. The new sheriff in town is the White Dragons in the East. The negative rate implementation is a final gasp, breathing through their a$$holes.

    The S&P500 has critical support level at 1870, it is going to break and the TNX 10-yr yield is heading to 1.5%. This is the bond black hole that sucks in global capital. Afterwards comes the RESET and New Scheiss Dollar to reduce capital value within the hole. There are two missing liquidity channels: Fed/WallSt and Bush narco money.

    Global Trade has ground to a halt, with Baltic Dry Index down 80%. There is a global shipping strike from unprofitable lines and refusal to take USTBills. Oil tankers are circling the Gulf of Mexico in large numbers. The US exported 400,000 empty containers in 2015 (LA, Long Beach, NY, NJ)

    read more.

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

CitiGroup Strategist: Global Economy In A Death Spiral

  • Published on Feb 5, 2016
    If you were on Wall Street today, you would smell the rank stench of pessimism. Citigroup strategist Jonathan Stubbs was quoted in a recent report stating “The world appears to be trapped in a circular reference death spiral.” 


    Meanwhile, The Chinese company, Chongqing Casin Enterprise Group is attempting to acquire the Chicago Stock Exchange. A definitive deal requiring regulatory approval that is expected to be completed in the second half of the year. Bloomberg reports “The Chicago Stock Exchange — a subsidiary of CHX Holdings Inc. — is minority-owned by a group including E*Trade Financial Corp., Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to the company. The minority shareholders are also selling their stake…”

    As free falling Chinese equities spill over and tank global markets, the Chinese with over 72 Billion invested in the United States are now being embraced by the United States criminal stock market class as their owner. While the DOW falls, mainstream media desperately announces that the U.S. created 151,000 new jobs in January and the unemployment rate dropped below 5% for the first time in eight years.

    But that Fairy tale falls flat on its face. The Washington Examiner reports, The New Bureau of Labor Statistics reveals that 665,000 jobs were actually lost in January and that those supposed 151,000 added jobs appear to be employees taking on second jobs.

    The American middle class has fallen below 50%, the millennial generation continues to struggle to enter the workforce and every taxpaying American owes $41,000 that will increase to $142,000 in about 20 years. But by then we may all be maintaining the robot workforce, living in homes the size of closets and speaking Chinese.
http://www.cnbc.com/2016/02/05/citi-world-economy-trapped-in-death-spiral.html

Click on image for article.

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February 6, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

Banks Now Preparing For Emergency Scenarios

  • Published on Feb 5, 2016
    LaVoy was shot 9 times and a 9mm weapon was planted on him by the FBI. Facebook does not want encrypted apps to plug into their system. UK is getting permission to spy on the American people. US will track North Korea’s launch of a satellite. Obama preparing to send troops into Libya and Syria. US turned down proposal to setup a centralized communication hub in Syria. US Banks now training for emergency scenarios, which means runs on banks and bank holidays.

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February 6, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

Welcome to the Recovery: 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps

https://www.rt.com/usa/331216-americans-food-stamps-restrictions/

Click on image for article.

  • Welcome to the Recovery – 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
    by Michael Krieger, http://libertyblitzkrieg.com/
    The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six years, it fails to actually pin blame on the undemocratic, oligarch institution most responsible for this humanitarian crisis: The Federal Reserve.

    Of course, I and many others have been saying this for years, but now more than half a decade into what is supposed to be a recovery, people are finally being forced to admit what this really is —  large scale theft.

    In fact, Ben Bernanke and his crew of upward wealth distributing academics have pulled off the greatest wealth heist in American history. In its wake we have been left with a hollowed out, asset striped Banana Republic. Thanks for playin’ Main Street. Or more accurately, thanks for being played.
    – From the post: The Oligarch Recovery – Study Shows Real Wages Have Plunged for Low Income Workers During the “Recovery”

    More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.” From Bloomberg:

    During the 2007-2009 recession, state and federal governments actively encouraged people like Crofoot to take advantage of the aid. Millions did, and many are still claiming benefits. Enrollment in the Supplemental Nutrition Assistance Program, the formal name for food stamps, remains near record levels, even as the unemployment rate has fallen by half.

    “When unemployment was rising people said enrollment would fall sharply when things got better,” said Parke Wilde, an associate professor of nutrition policy at Tufts University in Boston. “That hasn’t happened.”

    read more.

Obama_My_work_here_is_done_destroys_world

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February 6, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , | Leave a comment

Lyndon LaRouche on the End of O’Malley & Grave Danger of War

WW3 is near?

WW3 is near?

  • Emphasis mine:
  • Lyndon LaRouche on the End of O’Malley & Grave Danger of War
    by https://larouchepac.com/  
    On Thursday, Feb. 4, Lyndon LaRouche will be holding an emergency dialogue with LaRouchePAC activists on the implications of the brutal termination of the presidential campaign of Martin O’Malley, and what this signals about the immediate danger of general war.

    In the days immediately preceding the Iowa caucus, LaRouche had made a pointed intervention to set out the policy preconditions for his support for an O’Malley presidency, with the idea that this act on his part would force some of the leading enemies of the American Republic to play their hand, and reveal their intentions.

    LaRouche’s conclusion, following the abrupt termination of the O’Malley presidential campaign, even before the final Iowa results were announced, was that leading British circles, controlling the Barack Obama Presidency, are desperately escalating their preparations for war against Russia and China. The actions against O’Malley were, in effect, a red dye indication of the war preparations already well-underway. The fact that there were escalating British Crown provocations against Russian President Vladimir Putin, coincident with the actions against O’Malley, sealed the case.

    The timing of these events was driven by the fact that the entire trans-Atlantic financial system—the British System—was in an accelerating crash process, as indicated by the meltdown of the entire Italian banking system, at a more rapid rate than the earlier collapses of Greece, Portugal, and Ireland.

    These British Empire forces, including their Obama Presidency, are committed to the rapid depopulation of the planet, through warfare and other means. The coincidence of the breakdown crisis, the over-reaction to the LaRouche intervention on behalf of a viable O’Malley candidacy, and the dramatic escalation in targeted provocations against both Russia and China—coming from London and the White House—is the clearest evidence available that mankind is moving into a moment of grave crisis.

    The fact that top leaders in both Russia and China are aware, to a great extent, of the significance of these developments, means that there are counter-measures that can be taken, if the full implications of the recent days events are understood.

    On Thursday night, Feb. 4, at 9 PM, Lyndon LaRouche will hold his weekly Fireside Chat(details can be obtained from local LaRouchePAC organizations) to discuss these extraordinary developments. On Saturday, Feb. 6, LaRouche will hold his weekly Manhattan dialogue, with a live audience, on the same emergency situation and what must be done.

    These two dialogues are must-attend events for all citizens serious about preventing a near-term plunge into a global war that will rapidly escalate into a thermonuclear confrontation, jeopardizing the very survival of humankind. Be prepared for an intense and frank discussion and for extraordinary mobilization.
https://larouchepac.com/20151230/zombie-banks-bring-mass-death-human-beings-europe-and-america

Click on image for article.

https://larouchepac.com/20151030/obama-moving-towards-three-wars-once

Click on image for article.

https://larouchepac.com/20150624/britain-empire-evil-pushes-genocide-and-world-war

Click on image for article.

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February 6, 2016 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

These Are The Banks The Market Is Most Concerned About. Is It Time to Panic Yet?

Western_Banks_CDS-20160205

  • These Are The Banks The Market Is Most Concerned About. Is It Time to Panic Yet?
    by Tyler Durden, http://www.zerohedge.com  
    While there are numerous financial institutions in the world that are full of hidden NPLs and over-leveraged, trading at extreme levels of risk, the FSA’s “Too-Interconnected-To-Fail” list of systemically critical banks is where global investors’ attention is really focused

    BMO Capital Markets breaks down the world’s most systemically critical financial institutions using their own“special sauce” of CDS levels, CDS term structure, equity price, liquidity, and spread trends.

    Frankly, as we explained previously, these are the “Musketeer” banks – one for all and all for one as any system failure in Deutsche, Credit Suisse, or Bank of China will leak immeasurably and contagiously around the world via the interconnectedness of the collateral chains used to fund these behemoths.

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

Mike Maloney: Is A Financial Crisis Being Covered Up?

  • Published on Feb 4, 2016
    More: http://hiddensecretsofmoney.com/videos Is a financial crisis being covered up? What do you make of the Fed Capital Account charts? One thing to remember – when these huge financial upheavals occur, you find out the day after they’ve tried to patch things up. There will be no last minute warning. 

Carroll_Quigley_Tragedy_n_Hope2

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

EU on Brink of ‘Terrifying Crisis’ Five of Europe’s Big Banks Are in Danger, Warns Expert

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.

  • Global economic, financial and currency collapse is rapidly approaching. Got physical gold/silver yet? Bail-In is now enacted as law since the beginning of the year ie. when the banks collapse your savings can be/will be confiscated to bail out the banks. Even the depositor insurance of (upto Euro$100K?) may be, could be done away with when the serpents, Illuminist bansters, are desperate for money.
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.

http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621

Click on image for article.

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

Click on image for article.

http://www.theguardian.com/commentisfree/2015/nov/01/financial-armageddon-crash-warning-signs

Click on image for article.

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

FedRes Stress Test Negative Interest Rates and Global Recession Hint Future Crash!

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February 5, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , | Leave a comment

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