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Socio-Economics & History Commentary

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

NY Fed Preparing For The Economic Collapse!

  • Published on Apr 15, 2015
    Greece has been downgraded by S&P. Greece pushing efforts to remove sanctions on Russia. Canada’s housing bubble ready to burst. U.S. manufacturing declines once again. Mortgage applications decline as the housing market collapses. Student loan debt soaring as student can’t make the payments. Stores and layoffs across the U.S. continue. Ukraine continually violates the cease fire. U.S. paratroopers arrive in Ukraine to train the national guard. NY Fed preparing for the economic collapse. Creating a disaster site in Chicago for a cyber attack or physical attack in NY.

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

Banks Across Europe Pay Borrowers To Buy Homes!

Global financial tsunami fast approaching!

Global financial tsunami fast approaching!

  • Negative interest rates implies that the financial system is busted! Banks make money by making loans for profits. This is the basic economic function of a bank. With the profits, they pay their staff, rent …. and give a return to shareholders. Why would a bank continue lending money when they have to pay borrowers interest instead of collecting interest? The answer is: they would not for long. If they continue on the path of losing money with every loan, they will go bankrupt very soon.
  • From a borrower perspective, if I can borrow money and earn interest instead of paying interest, then the logical thing to do is to borrow even more and thus earn more interest(money). Where then is the need a get a job to earn a living? Why then would businesses invest money, build factories, manufacture products, provide services …. to make a profit? Businesses can make money by just borrowing money from the bank. So why take the risks of starting, maintaining … growing businesses?
  • Negative interest rates implies that the financial system is BUSTED! Negative interest rates will freeze, lock up the global economy. As banks contract their loans sharply, economic activities dry up … it is the end of the current economic world order. A global economic, financial and currency collapse is coming. The sheeple do not understand what is happening. The financial tsunami will come. It is a question of when!
  • Banks Across Europe Pay Borrowers To Buy Homes!
    by Tyler Durden, http://www.zerohedge.com 
    Back in January we asked the following: “who will be the first to offer a negative rate mortgage?” Soon thereafter we discovered that in fact, this NIRP-inspired aberration already existed in Denmark where Nordea Credit was offering to pay borrowers to purchase a house prompting us to make the following assessment: 

    And just like that, first in Denmark, and soon everywhere else in Europe, a situation has now emerged where savers who pay the bank to hold their cash courtesy of negative deposit rates, are directly funding the negative interest rate paid to those who wish to take out debt. In fact, the more debt the greater the saver-subsidized windfall.

    That would turn out to prove rather prescient because as WSJ reports, this bizarre characteristic of the new paranormal is spreading throughout Europe on the back of Mario Draghi’s trillion-euro adventure in debt monetization land.

    Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers.

    At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.

    read more!

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April 15, 2015 Posted by | Economics | , , , , , , | Leave a comment

Richard Russell: Big Money Is Preparing For A Devastating Worldwide Collapse!

Newspaper-With-Financial-Collapse

  • Richard Russell – Big Money Is Preparing For A Devastating Worldwide Collapse!
    by http://www.kingworldnews.com  
    As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that big money is preparing for a devastating worldwide collapse.  He also discusses what this will mean for major markets.

    Richard Russell:
     “The most important lesson in investing is never to sustain a big loss. With this in mind, I have and still do advise my subscribers to be out of all common stocks except for gold shares, and to be positioned in silver and gold bullion, holding the actual metals in a safe place. I also like the Central fund of Canada, CEF, which holds actual silver and gold in what I consider a safe place — Canada. 

    …. 
    Big Money Is Preparing For A Devastating Worldwide Collapse
    Speaking of panic, the auction prices for outstanding art and jewelry are up and off the charts. I just reviewed prices from Sotheby’s and Christie’s and items selling for over $100 million are not uncommon. Big money is paying close to this much for portable tangibles. Along with auction prices, amounts paid for select New York real estate are almost incomprehensible.


    I ask myself why billionaires are willing to pay seemingly insane prices for outstanding tangibles such as Picassos and classic cars. They are preparing for the collapse of currencies and the days when rare tangible items will be a form of money. 

    read more!

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April 15, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , | Leave a comment

U.S. Govt/Central Bankers Preparing The Next Event To Push War!

  • Published on Apr 13, 2015
    UK housing bubble getting ready to pop. Baltic Dry Index declines again. Obama and Abe discuss how to infiltrate AIIB. Important facts about the 2nd Amendment everyone needs to know. Ukraine, shelling airport and hospitals. Ukraine company selling NATO equipment. U.S. Lockheed C-5 Galaxy landed in Ukraine. Sweden admits the hunt for Russia was a hoax for defense funding. U.S. cannot compete with China’s and Russia’s fighter jets.US government officials pushing war on Iran. US Government/central bankers getting preparing for the main event to bring the people to war. Jade Helm advertising for Role Playing people.

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April 15, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Greece to Default on IMF in May, June if No Deal Reached !

The Illuminists are lining up the pieces for a catastrophic global collapse!

The Illuminists are lining up the pieces for a catastrophic global collapse!

  • Greece to Default on IMF in May, June if No Deal Reached !
    by Mike Shedlock, http://globaleconomicanalysis.blogspot.com/
    Greece is threatening to withhold payments to the IMF in May and June. This time it does not sound like a bluff. And if it’s not a bluff, we will finally know precisely when midnight occurs.

    The Financial Times reports Greece prepares for Debt Default if Talks with Creditors Fail.

    Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of April, according to people briefed on the radical leftist government’s thinking.

    The government, which is rapidly running out of funds to pay public sector salaries and state pensions, has decided to withhold €2.5bn of payments due to the International Monetary Fund in May and June if no agreement is struck, they said.

    “We have come to the end of the road . . . If the Europeans won’t release bailout cash, there is no alternative [to a default],” one government official said.

    Default is a prospect for which other European governments, irritated at what they see as the unprofessional negotiating tactics and confrontational rhetoric of the Greek government, have also begun to make contingency plans.

    In the short term, a default would almost certainly lead to the suspension of emergency European Central Bank liquidity assistance for the Greek financial sector, the closure of Greek banks, capital controls and wider economic instability.

    read more!

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April 14, 2015 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

“There Will Be a More Volatile Crisis”: JPMorgan Chief Signals Coming Financial Tsunami!

Global financial tsunami coming??!

Global financial tsunami coming??!

  • Serpents warning about a coming financial tsunami they are engineering. A Satanic cabal rules this world. Wall Street is a financial operation of the Synagogue of Satan. Got physical gold yet?
  • “There Will Be a More Volatile Crisis”: JPMorgan Chief Signals Coming Financial Tsunami!
    by Mac Slavo, SHTFplan.com  
    Earth shaking words from a giant on Wall Street.
    The insiders know the next collapse is coming. What form it takes may remain a surprise to account holders and investors who are not on guard.

    But JPMorgan Chase chairman and CEO Jamie Dimon is positioning his firm to pick up the pieces after it hits. A loud warning from a person who may be considered a de facto spokesman for the insiders who prevail on Wall Street, Dimon’s comments are more than just precautionary and foreboding – they spell out the mechanism with which the big banks and the technocratic controllers will seize and concentrate power during the next crisis.

    Problem-reaction-solution… and the new rules of the game.

    Another crisis event is coming in the financial markets. That much is clear. How bad it will be depends upon how well you withstand the new rules of engagement.

    Dimon writes in his April 8, 2015 shareholder letter:

    Some things never change — there will be another crisis, and its impact will be felt by the financial market.

    The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc.
    While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets


    read more!

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April 14, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

China Trade Surplus Crashes As Exports & Imports Collapse In March!

As Exports crash and Imports continues to slide for the 5th month... Source: www.zerohedge.com

As Exports crash and Imports continues to slide for the 5th month… Source: http://www.zerohedge.com

  • World economy is in BIG trouble. Don’t let the lying MSM tell you otherwise.
  • China Trade Surplus Crashes As Exports & Imports Collapse In March!
    by Tyler Durden, http://www.zerohedge.com  
    Forget the weather, it must be the smog. China just announced total carnage in its trade data for March:

    * CHINA’S MARCH IMPORTS FALL 12.3% Y/Y IN YUAN TERMS; EST. -11.3%
    * CHINA’S MARCH EXPORTS FALL 14.6% Y/Y IN YUAN TERMS; EST. +8.2%
    * CHINA’S MARCH TRADE SURPLUS 18.16 BILLION YUAN; EST 250B YUAN

    So what exactly was the Chinese stock market ‘discounting’?
    Trade Surplus collapses… (economists knew about year-end and forecast +250bn!!!)
    ….
    In US Dollars the picture is worse… 


    * CHINA’S MARCH EXPORTS FALL 15.0% FROM YEAR EARLIER
    * CHINA’S MARCH IMPORTS FALL 12.7% FROM YEAR EARLIER
    * CHINA’S MARCH TRADE SURPLUS $3.08 BILLION

    read more!

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April 13, 2015 Posted by | Economics | , , , , | Leave a comment

Martin Armstrong: Big Losses Coming in the Bond Market!

  • Published on Apr 12, 2015
    Renowned financial analyst Martin Armstrong says you can forget about the U.S. dollar crashing in value. Armstrong contends, “No, that’s absurd. The euro is in terrible shape. The yen is in terrible shape, and honestly, you can’t park money in yuan or Russian rubles, yet. I mean, let’s be realistic here, but eventually–yes.”


    Armstrong says the bond market is a different story as the Fed is going to be forced to raise rates. He contends just a few percentage points in rising rates are going to cause big losses and big changes. Armstrong predicts, “People will be losing huge money. We are looking at a few percentage points, and you are going to blow the national debts of all these countries way out of whack, and that’s what’s going to force political change.”

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April 13, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

U.S. Economic Recovery Illusion Is Falling Apart!

  • Published on Apr 11, 2015
    Greece has six days to present their proposals for the next payment. Italy wants to leave the Euro zone. Malls are closing down. Real estate recovery is a hoax. The White House warns states to be prepared for the next collapse. Protesters use holograms to protest the gag law. German businesses angry because they are losing billions because of the Russian sanctions. NATO getting ready the Russian Rapid Force by having drills. US not evacuating US citizens in Yemen. FBI sets up another fake IS sting.

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April 13, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Meet The Secretive Group That Runs The World!

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!

  • Meet The Secretive Group That Runs The World!
    by Tyler Durden, http://www.zerohedge.com 
    Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly hyperbolic, but when it comes to the historic record, nothing comes closer to the stereotypical, secretive group determining the fate of over 7 billion people, than the Bank of International Settlements, which hides in such plain sight, that few have ever paid much attention.

    This is their story.
    The following is an excerpt from TOWER OF BASEL: The Shadowy History of the Secret Bank that Runs the World by Adam LeBor.  Reprinted with permission from PublicAffairs.

    The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station
    . Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves. The meeting closes, the aides leave, and those remaining retire for dinner in the dining room on the eighteenth floor, rightly confident that the food and the wine will be superb.The meal, which continues until 11 p.m. or midnight, is where the real work is done. The protocol and hospitality, honed for more than eight decades, are faultless. Anything said at the dining table, it is understood, is not to be repeated elsewhere.

    Few, if any, of those enjoying their haute cuisine and grand cru wines— some of the best Switzerland can offer—would be recognized by passers-by, but they include a good number of the most powerful people in the world. These men—they are almost all men—are central bankers.They have come to Basel to attend the Economic Consultative Committee (ECC) of the Bank for International Settlements (BIS), which is the bank for central banks. Its current members [ZH: as of 2013] include Ben Bernanke, the chairman of the US Federal Reserve; Sir Mervyn King, the governor of the Bank of England; Mario Draghi, of the European Central Bank; Zhou Xiaochuan of the Bank of China; and the central bank governors of Germany, France, Italy, Sweden, Canada, India, and Brazil. Jaime Caruana, a former governor of the Bank of Spain, the BIS’s general manager, joins them.

    read more!

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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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April 13, 2015 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , | Leave a comment

Central Bank Gold Buying Soars To Near A 50-Year High!

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • For a global economic, financial and currency reset to be successful, you need to deal with the problem of overwhelming debt. How do you resolve the debt problem in countries around the world, ranging from 100% – 500% of GDP (public debt) in the industrialized world?
  • The simple answer is GOLD. Gold is the perfect debt extinguisher. If a government owes US$100B in public debt and has US$10B in physical gold at current price (US$1200/oz), a simple revaluation of gold price by 10X (ie. to US$12,000/oz) will make the country totally solvent! Ie. their physical gold holding will be worth US$100B overnight.
  • Central banks around the world are buying physical gold in anticipation of this global reset which is coming soon! It is not a question of whether but when.
  • Central Bank Gold Buying Soars To Near A 50-Year High!
    by Vronsky, http://www.gold-eagle.com/  
    During 2014 country Central Banks bought 477 tonnes…close to a 50-year high…and that’s equivalent enough to buy 75 Boeing Dreamliners planes. This is at once astounding as well as revealing vis-à-vis a slowly dropping gold price since late 2011.   

    Russia was by far the largest buyer. Its purchases made up a staggering 36% of total Central Bank buying. In total, Central Banks bought 477 tonnes of the precious metal last year of which 173 tonnes flowed into Russia, according to a report from the World Gold Council.

    Emerging market Central Banks in general have also had a strong appetite for gold in recent years. “They don’t have the legacy of the gold standard, so they are looking to add to their gold reserves,” explained World Gold Council’s Bhatia. “Big buyers over the last decade? China has added, India, Thailand, Mexico, Kazakhstan,” he said.

    Looking ahead what can we expect to see from Central Banks in terms of gold purchases? Most likely more of the same. “We expect Central Banks to be consistent buyers of gold. We are looking at steady as she goes. We expect Russia to continue to buy gold — and we don’t expect major sales from anyone,” concluded CPM Group’s Christian.  (Source: KitcoNews)

    read more!

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April 13, 2015 Posted by | Economics | , , , , , , , | Leave a comment

How Wall Street Captured Washington’s Effort to Rein in Banks!

CARTOON_WALL_STREET_THEFT

  • How Wall Street captured Washington’s effort to rein in banks!
    by Charles Levinson, http://www.reuters.com/investigates/  
    Intense lobbying of regulators, many of them veterans of the industry themselves, helped ensure that practices the Dodd-Frank law was meant to stop would remain in place.

    NEW YORK – In the aftermath of the 2008 financial crisis, Keith Higgins was certain: Banks weren’t to blame.

    Higgins, a top attorney at prominent law firm Ropes & Gray LLP, was chairman of an American Bar Association committee on securities regulation. As such, he lobbied strenuously against a rule U.S. regulators were drafting that would require banks to disclose a lot more about asset-backed securities like those that had just torpedoed the economy.

    In letters to the Securities and Exchange Commission, Higgins argued that divulging more details about the mortgages and other financial products that go into such securities would only confuse investors. And it was investors, with “insufficient understanding and … commitment” to their investments, who had been the real cause of the crisis, he argued in a July 2008 letter.

    Then, in May 2013, as the SEC was still hashing out the rule, Higgins was tapped to lead the very 500-person SEC division that was writing it.

    read more!
Financial rape of the sheeple!

Financial rape of the sheeple!

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April 13, 2015 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Iran Calls Obama Liar, Yemen War Intensifies, Economy Dives Again …

  • Published on Apr 9, 2015
    The Ayatollah Khamenei of Iran has weighed in on the Nuke deal, along with his subordinates, and has said that the White House and the President are liars. There is going to be no inspections of their military facilities, and they are not going to stop enriching uranium. Also, the President said the sanctions would be lifted gradually as the Iranians complied with the deal, and Iran now says they demand sanctions be lifted at the signing of the deal; otherwise, there is NO DEAL. They had me at “liar.”


    Iran is now reportedly sending warships to the Yemen coast. Egypt is also sending warships and troops. Egypt and the rest of the world has much to lose if the Strait of Mandeb is shut down by either war or terror. If the Mandeb Strait is closed, that means the Suez Canal will not produce revenue to Egypt, and things like oil shipments will stop and be forced to go around Africa to get to Europe.

    The economy showed yet another sign that it is in trouble. Wholesale sales have plunged and are joining the declining factory orders. The March Fed minutes were released, and the Fed is reportedly split on raising interest rates. My friend Gregory Mannarino of TradersChoice.net called me and said the Fed has turned into a “circus.” Mannarino contends the Fed knows that if it raises interest rates, the economy gets killed. I agree.

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April 11, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Fall of the House of Saud and Germany’s Conflicted Move to Eurasia!

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April 11, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

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