Socio-Economics History Blog

Socio-Economics & History Commentary

Billionaire Warns Of Total Collapse End Game Scenario: ‘No Way Out… Your Money Will Be Worthless’!

  • During Roosevelt era, gold was confiscated because the USD was tied to the gold standard ie. to increase money supply you had to increase the supply of gold held by the US treasury. Confiscating gold now is unnecessary to increase the money supply since fiat currencies can be created out of thin air (without any gold backing).
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  • Gold confiscation by government is not impossible but what would it achieve? Theft? Punishing the prudent? A more likely scenario is a revaluation of gold price much higher. The US treasury will offer to buy gold at the much higher price to reflate the economy.
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  • Gold is the perfect debt extinguisher! By revaluing the price of gold higher, such that the dollar amount of gold held is equal to total government debt owed, the country is solvent over night!
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  • Billionaire Warns Of Total Collapse End Game Scenario: ‘No Way Out… Your Money Will Be Worthless’! 
    by Mac Slavo, SHTFplan.com 
    With currencies being rapidly devalued by their respective governments, the global economy in a slow-down, and tensions over resources heating up around the world, it’s time to start considering the endgame.
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    According to billionaire resource investor Carlo Civelli there is likely no way out for central banks which have spent the last several years printing money hand over fist. Over his decades’ long career Civelli has either managed or financed over 20 companies, many of which now have market capitalizations in the billions of dollars, so he knows a thing or two about investing during boom times, as well as busts.
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    In his most recent interview with Future Money Trends he warns of  an endgame scenario that is nothing short of a total collapse. And here’s the scary part: Civelli says that even gold may not be a safe haven should the worst case scenario play out:
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    If we all talk about the end game and a scenario of total collapse, I can see the governments telling everybody that your money is now worthless and the bonds you own are now worthless. You all have to take a haircut.

    But would they let the people that own gold get away with it? I don’t think so.
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    In this must-watch interview Civelli shares these and other insights you may not have heard before, along with strategies for crisis-investing that could position you to thrive as the rest of the world plunges into chaos: (video top of post)
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    We all know the central banks are printing money hand over fist. Hundreds of billions, or maybe trillions are flooding the markets. The ECB, the European bank, is going to do the same here in a week or so.
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    …obviously the way out of this quantitative easing is very difficult – nobody’s ever done it, and the verdict is still out whether the quantitative easing actually did something good or not. At least it prevented the world from collapsing right now, but what if interest rates really one day have to go back up again to normal levels, and all of these trillions of monies washing around now has to be taken off the market?
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    Nobody knows what’s going to happen then… But would they let the people that own gold get away with it? I don’t think so.
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    So the government at that point will say “Okay, guys, whoever owns gold has to give it back to the central bank within a certain period of time, and we’ll pay you whatever the gold price is at that time, less a big haircut.” Don’t forget that until 20-30 years ago, gold was selling at $35 and was fixed at that price, and so whoever owns gold, in my opinion, at that point will not be spared.
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    There is no way out, so let’s live the good times for as long as they go.
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    The notion that governments in the United States or Europe would confiscate gold like they did during the Great Depression is chilling indeed. But it is certainly a plausible outcome given our history and how far they’ve already gone.
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    So what options do we have available to us should governments take this route? Diversification.
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    read more!

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March 4, 2015 Posted by | Economics | , , , , , , , , , , , | 1 Comment

‘Budget of Genocide’? Ukraine Makes Amendments to Meet IMF Demands!

  • Published on Mar 2, 2015
    Ukraine’s economy is showing cracks that might be hard to fix. The country’s parliament has adopted amendments to its budget – that have already proved disastrous.

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March 4, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The Draghi Derangement: $2 Trillion Euro Government Bonds Trading At Negative Yield !

Euro_Area_Govt_debt_to_GDP

  • Would you pay the government to use your money? Would you pay the bank to give them the privilege of using your money? This is what negative interest rates mean! It is a sign that the financial system is breaking down! If I go to a bank and borrow US$1 million and the bank pays me money every month for lending me the money: why would I want to work any more? I mean working to earn a living, of course. I should just go and borrow money and keep owing money. Since I am paid to do so! It is insane!
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  • The Draghi Derangement: $2 Trillion Euro Government Bonds Trading At Negative Yield! 
    by , http://davidstockmanscontracorner.com/ 
    That investors anywhere in this age of fiscal profligacy would pay to own the notes and bonds of sovereign states is a testament to the financial deformations of modern central banking. But the fact that nearly $2 trillion of debt issued by European governments is currently trading at negative yields——now that’s a flat-out derangement.  After all, the aging, sclerotic economies of the EU have been making a bee line toward fiscal insolvency for most of the last decade.
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    So it goes without saying that this giant agglomeration of pay-to-own government debt is not reflective of an outbreak of fiscal rectitude or any other rational economic development. It’s purely an artificial trading result stemming from central bank destruction of every semblance of honest price discovery. In this case, the impending ECB purchase of $70 billion of government debt and other securities per month for the next two years has transformed the financial casinos of Europe and elsewhere into a front runner’s paradise.
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    As today’s Bloomberg piece tracking Europe’s $2 trillion of exuberant irrationality makes clear, sovereign bond prices are soaring because traders are accumulating, not selling, in anticipation of the ECB’s big fat bid hitting the market in the weeks ahead:
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    read more!

Counterfeiters_in_Chief_Draghi_Bernanke

Mario_Draghi_hyperinflation_helicopters

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March 4, 2015 Posted by | Economics | , , , , , , , , , , | Leave a comment

The $100 Trillion Reason the Fed is Terrified of Deflation!

Kabooooom!

Kabooooom!

  • The $100 Trillion Reason the Fed is Terrified of Deflation! 
    by Tyler Durden, http://www.zerohedge.com 
    Over the last few months, Yellen repeatedly stated that lower oil prices were “positive” for the US economy. This is simply astounding because the Fed has repeatedly told us time and again that it was IN-flation NOT DE-flation that was great for the economy.
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    And yet, repeatedly, the head of the Fed admitted, in public, that deflation can in fact be positive.
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    How can deflation be both positive for the economy at the same time that the economy needs MORE inflation? The answer is easy… Yellen doesn’t care about the economy. She cares about the US’s massive debt load AKA the BOND BUBBLE.

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    Yellen knows deflation is actually very good for consumers. Who doesn’t want cheaper housing or cheaper goods and services? In fact, deflation is actually the general order of things for the world: human innovation and creativity naturally works to increase productivity, which makes goods and services cheaper.
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    However, DEBT DEFLATION is a nightmare for the Fed because it would almost immediately bankrupt both the US and the Too Big To Fail Wall Street Banks. With the US sporting a Debt to GDP ratio of over 100%… and the Wall Street banks sitting on over $191 TRILLION worth of derivatives trades based on interest rates (bonds), the very last thing the Fed wants is even a WHIFF of debt deflation to hit the bond markets.

    This is why the Fed is so obsessed with creating inflation: because it renders these gargantuan debt loads more serviceable. In simplest terms, the Fed must “inflate or die.” It will willingly sacrifice the economy, and Americans’ quality of life in order to stop the bond bubble from popping.

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    This is also why the Fed happily talks about stocks all the time; it’s a great distraction from the real story: the fact that the bond bubble is the single largest bubble in history and that when it bursts entire countries will go bust.
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    read more!

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March 3, 2015 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

Realist News: Lindsey Williams – Summary of The New Elite 2015 DVD!

  • Note: I will not be posting Pastor Williams’ latest DVD because he has requested that it should not be done. (Although he does allow us to copy his DVD onto another DVD.) Please try your best to support Pastor Williams by ordering the original DVD, to help him defray the cost of production.
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  • You can order Pastor Lindsey Williams’ new DVD here!
  • Summary of  Pastor Lindsey Williams’ latest DVD –  The New Elite 2015:

    * Imminent danger – there will be more posts on the website: http://www.lindseywilliams.net/ . Please check it weekly.
    * The New World Order will be brought in, in its entirety and it should be starting this year (2015) at Sept-Oct timeframe when they (Illuminati) pull off this economic collapse.
    * Near future – banks crash/collapse, watch the financial derivatives market. This will be the event that triggers the collapse of America.
    * 5 TBTF (Too Big To Fail) banks have at least US$40 trillion dollars in derivatives. (It is a lot more than that.)
    * FDIC is not able to make good all the trillions of bank deposits when banks fail. Congress passed law for FDIC to cover financial derivative losses of the banks.
    * Everything is now in place for the Illuminati Elites to collapse America and the New World Order will step right in.
    * The Illuminati Elites are NOT God.
    * Violence in Washington. Fist fights in Congress, Senate, House .. by politicians.
    * A series of massive bankruptcies will take effect.
    * Interest rates will be rising. Financial derivatives collapse. When the dust settles precious metals will be all that remains of value. Paper assets will collapse.
    * Sept-Oct 2015 timeframe – most critical period.

    * Buy physical gold and silver. It may dip a bit initially because of deflation but it will reverse quickly and rise exponentially.
    * Only physical gold/silver will remain as money not fiat currencies.
    * Deflation – apart from food prices (and physical gold/silver), other asset prices will deflate ie. price collapse/fall. Food prices will rise ie. inflate!
    * Oil price collapse is Obama’s revenge on Russia/Putin for humiliating Obama. Illuminati elites told Lindsey Williams: they are not involved.
    * Obama made a deal with Saudi Arabia to smash oil price,  resulting in Russian Ruble collapse 50+%.
    * Illuminati elites very angry/unhappy with Obama.
    * New Elites – refer to the younger elites who are taking over and not the older elites in their 70s/80s.
    * They have plans to create a new (corrupted) version of the Bible.
    * They want a new US Constitution by Executive Order.
    * New leaders, new churches, new health care, culture … New World Order takeover!
    * “Devil’s Messiah” – defined as the Elites perverting everything in the Bible. New perverted meanings…
    Shemitah – 7 year biblical debt cycle will assert itself in 2015. Read Jonathan Cahn’s The Harbinger book.
    * VP Joe Biden’s (he is one of them, an elite) New World Order speech.
    * Elites positive that : “There’s going to be divine intervention!”

    * “Divine Intervention” – by this the Illuminati Elites mean the coming of the Anti-Christ!
    * Blood Moons Cycles, Shemitah, Jewish/biblical holidays … and major world events.
    * Obama uses ISIL and not ISIS. ISIL means Islamic State of Iraq and Levant. Levant largely means Israel. Illuminati plan: destruction of Israel.

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    … and many more issues!

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March 2, 2015 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save!

The end of the financial system is rapidly approaching!

The end of the financial system is rapidly approaching!

  • In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save! 
    by Tyler Durden, http://www.zerohedge.com
    A month ago, we wrote about a bizarre situation involving Denmark’s now totally broken monetary system, where as a result of an unprecedented scramble to weaken the currency in order to preserve the peg to the Euro the central bank unleashed a historic rate-cutting scramble, where in 4 consecutive rate cuts its pushed the interest rate to an unheard of -0.75% (while at the same time being the first modern central bank to unveil what we dubbed “Bizarro Backdoor QE“). The culmination of this series of events was the surreal realization by some debtors that the bank would now pay them the interest on their new or existing mortgage.
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    The insanity was only compounded when one considers that in the vast majority of European countries, depositors are already (or will soon) pay for the “privilege” of providing banks with unsecured funds (in the US, JPM recently also started charging some customers - mostly corporate and hedge funds- for holding their deposits).
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    In short, this is what Europe has become: savers - those who diligently put away the fruits of their labor – are now forced to pay, using banks as an intermediary, and subsidize the the debtor: spenders, who live beyond their means, and who in increasingly more frequent situations are now paid to take out even more debt! Call it monetary socialism.
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    read more!

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February 28, 2015 Posted by | Economics | , , , , , | 1 Comment

The New Elite for 2015 – New DVD From Pastor Lindsey Williams!

http://www.lindseywilliams.net/the-new-elite-for-2015-dvd

Click on image to order online!

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February 21, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”!

  • When markets start collapsing: stock market crash, housing market crash …. ie. deflation, the financial/banking system will start to crumble. Banks need inflation for a healthy balance sheet. When deflation sets in, economic activity collapses, loan portfolios contract, bad loans rise … bankruptcies rise .. bank collaterals suffer losses … . The solution to deflation is inflation. Central banksters will implement asset repricing via more money printing, negative interest rates … or a revaluation of the gold price. That is when hyperinflation will start.
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  • Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”! 
    by Mac Slavo, SHTFplan.com, February 19th, 2015 
    It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams  it’s coming one way or the other.
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    The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
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    Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
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    This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
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    read more!

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February 21, 2015 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | 1 Comment

Jim Willie: Gold Will Return to Its Rightful Throne!

Gold_throne

  • “Today (19 Feb 2015) marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift.  …. Today is the Chinese New Year, a significant event. People have had adequate warning to prepare themselves for conclusion events, certain to occur with fireworks. The USDollar is soon to fade into oblivion. Its rise signals its demise.
    - Jim Willie


  • Jim Willie: Gold Will Return to Its Rightful Throne! 
    by http://www.silverdoctors.com/ 
    Summary
    The new dust bowl has shown itself, as USTreasury liquidity dries up.
    Since 2009, USTreasury debt has increased by 87.5% while the USFed purchases have increased by 417%. It is a travesty.  The USFed is the bond market.
    The USGovt will ride the USDollar over the cliff, as it breaks all global pacts on the Reset.
    The entire world will soon be at war with the United States, since the majority of nations wish to establish trade and monetary system upon gold. The rogue will be the United States, in the final boomerang whiplash.
    The United States will succeed in isolating 85% to 90% of the community of nations, and thus win isolation for itself. The US faces deep risk of falling into the Third World, as those characteristics appear on every corner and every wall.
    2015 has begun with a sequence of rocky events, as unstable factors show their face one by one.
    The USDollar will die a horrible death, and Gold will return to its rightful throne.
    The return of Gold to its primacy is long overdue.
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    By Jim WillieGoldenJackass.com 

    Today (19 Feb 2015) marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift. Let it rain; let it pour. For a full generation, the Western central bankers have relied upon debt to solve debt saturation problems as well as economic slowdowns founded within the credit cycle. In the last four years, they have added reliance upon free cost printed money to solve debt saturation and insolvency problems. The USTreasury Bond market has vanished for all practical legitimate purposes, a harbinger of the USDollar death event. With no surprise to the Jackass, the entire Western financial and economic system is not just decaying, but failing. Witness a systemic failure in progress. For over a year, my drums have been beaten in detailing how the QE bond purchase program kills capital by leading to a rise in the entire cost structure. The endless wars in defense of the USDollar have added to strains. The sanctions have all backfired. While the US leaders pound their chests like Third World demagogues, they preside over ruin with maggots crawling at their boots. The debt picture is abysmal, and grows worse by the month. This article is but a brief survey of the wrecked fields of debt crops. Review some of its many rancid decayed farms. It is not pretty. Remember the bankers in charge call their policy a stimulus. To be sure, it stimulates ruin and fosters systemic failure. Mission Accomplished!
    ….
    CONCLUSION
    Today is the Chinese New Year, a significant event. People have had adequate warning to prepare themselves for conclusion events, certain to occur with fireworks. The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins.

    ….
    read more!
Gold tsunami wave is coming!

Gold tsunami wave is coming!

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February 20, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

As The Collapse Accelerates US Govt/Central Bankers Provoke WWIII ! Obama Says That The Economy Is Poised For A Great Year As The Economy Collapses!

  • Published on Feb 18, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.18.2015
    Greece will receive €3 Billion In Emergency Liquidity from the ECB. In the US mortgage apps cratered by 13%.Striking works at the ports will hurt the economy further. The Baltic Dry Index declined once again. FATCA allows the government to hunt down US citizens. Hungary and Russia make gas transit deals. Patriot Act comes up for renewal in June. Ukraine ceasefire still shaky, DPR captures Debaltseve and the Ukraine army surrenders. Yatsenyuk wants Russia to pay for the war. US senators want lethal weapons delivered to Ukraine. Italy playing up the Islamic State in Libya. US Gov/Central Bankers pushing to go into Libya, Yemen, Lebanon, Iraq, Syria and Iran. US Gov allowing Islamic State/Free Syrian Army call for airstrikes.
  • Published on Feb 19, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 2.19.2015
    Greece give proposal to the Eurogroup and Germany turns it down. Initial jobless claims increase in Texas and continued claims increase. Caterpillar sales plummet, company spiraling downwards. Shipping orders slump as the BDI continues to fall. Google warns of US government ‘hacking any facility’ in the world. Russia and China dumps treasuries. Russia launches their own SWIFT system. Obama says the economy is poised to be great this year. OSCE can’t confirm the pullout of heavy artillery. Ukraine wants peace keepers which has not been discussed in the Minsk agreement. Europe wants to open a dialog with Assad to fight ISIS.

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

Andrew Hoffman: Greece Will Default – Calamity Follows!

  • Andrew Hoffman: Greece Will Default-Calamity Follows! 
    by Greg Hunter’s USAWatchdog.com 
    Financial writer Andrew Hoffman says the debt problem in Greece will not have a happy ending. Hoffman contends, “More than half of Greek debt, everyone talks about the 400 billion euros they owe, more than half of this debt is from the bailouts in the last four years. . . . Two years ago, I wrote that Greece was my top pick to catalyze the big one, and here we are in that same position. . . . If there is an agreement, it is only going to be bad for everybody.  It’s going to bad for Europe and bad for Greece.  Of course, if there is no agreement, then there is your end game right there.  They are not just going to leave the euro; they are going to default on their debt.  That is the only way Greece can be saved.  It is the only way Greece can be saved, and it is the same just about everywhere else. . . . I can’t see any deal they could make.”
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    On physical gold and silver, Hoffman points out, “We are seeing record demand around the world.  2013 was a record year.  2014 was a record year, and starting 2015, gold imports in China have been 50% above last year’s levels to start this year.  There is going to be a supply response . . .  just look at the earnings of the gold mining companies; they are decimated. . . . I predicted Armageddon.  I think they are all going to merge, and they are going to cut whatever is left of their businesses to the bone.  There is going to be no supply out there, particularly in silver, and it is all happening at a time when demand is surging.  That’s why it makes the ability of this cartel, the same people that are printing the money, to keep gold and silver prices in check all that more tenuous.”
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    read more!

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

Rich Dad Poor Dad Author: Biggest Crash Is Coming!

  • Published on Feb 17, 2015
    Alex Jones talks with best selling Author Robert Kiyosaki about what he thinks the next shoe to drop will be.

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

Dr. Jim Willie: Mushrooming of Chaos, EU in Crisis, US Isolated, Russia-China Ahead …

  • Published on Feb 16, 2015
    INTERVIEW WITH PAUL SANDHU ON WAKE UP & LIVE RADIO

    Feb 16th: important scoop on how Swiss banks are uniformly denying refusing withdrawals of cash accounts by clients whose account sizes are between hundreds of $millions and $4 to $5 billion, with clients coming mostly European and Swiss but also Asian, Latin American, even Russian, some of the accounts drug money, making evident a bankrupt Swiss banking system suffering the aftermath of the SWFranc de-peg three weeks ago… covered Greek debt default and exit from the European Union, with the banker elite showing desperation, extending from the defiant new Greek leadership… covered the developments toward truce in Ukraine according to the Minsk Treaty, with mention of the devastation at the Debaltseva Cauldrin hotspot, which will identify the United States as the rogue bellicose nation, resulting in extreme US isolation… covered the Western US Port stalled dock situation, lockouts versus union strikes, which might have an element of Chinese vengeance to strangle the USEconomy, seen soon in empty retail store shelves… covered the capture of Latin America, country by country, at the hands of Russia & China
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    Feb. 16, 2015 / Dr. Jim Willie offers his deep analysis on major financial and Geopolitical developments. Topics discussed are as follows:
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    · Breaking News on Swiss Bank Failures
    · Greece Debt Default, Exit from Euro and its catastrophic consequences
    · US being isolated as Germany & France swing East
    · China hurting US Economy by disrupting shipping through West Coast Ports
    · Russia and China now biggest players in Latin America
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    Dr. Jim Willie website: http://www.goldenjackass.com

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

John Williams: Odds High Hyperinflation Begins in 2015!

  • John Williams: Economy Has Not Recovered! 
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Renowned economist John Williams says forget the happy talk about the so-called “recovery”—it ain’t happening.  Williams contends, “I wish I could say things are booming, but indeed they are not. . . . The GDP in the last three quarters, if you believe what they put out, is the strongest economic growth seen in more than a decade.  That’s not the common experience. . . . The consumer is in terrible liquidity straights. . . . The reality is the economy has not recovered.”

    Williams goes on to say, “In the fourth quarter in November and December, the traditional holiday season was the worst Christmas shopping season since the economic collapse in 2008.  January (2015) is off to an even worse start.  It looks like the first quarter is going to contract before and after adjusted for inflation, and that is very bad news. . . . You got retail sales, industrial production that’s going to be weak, and the housing sales numbers have never recovered . . . Any measure you look at is still well below coming into the recession, and again that’s tied to the consumer’s liquidity.”

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    So, why does America seem to be doing much better than the rest of the world?  Williams explains, “What’s been at work here is the perception that the U.S. economy is recovering, and the Fed doesn’t need to provide any more quantitative easing (money printing).  The dollar has strengthened, and as you see, our major trading partners moved towards quantitative easing because of the recessions they have.  Well, guess what?  We have the same problems as our trading partners.  We are still in recession.  They just do the numbers a little more honestly.  We’re not done with quantitate easing. . .   As it becomes clear that the U.S. economy is still in recession, or a renewed recession, the speculation will come back that the Fed has to renew its quantitative easing or expand it . . . that will hit the dollar very hard.  As the dollar sells off, you are going to find oil prices spiking a new, inflation spiking a new and eventually the rest of the world will dump the dollar.”
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    read more!

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February 17, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | 1 Comment

Sweden Cuts Rates Below Zero as Global Currency Wars Spread!

Mario_Draghi_hyperinflation_helicopters

  • Negative interest rates destroys savings and is fuel for inflation! Got physical gold/silver yet?
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  • Sweden cuts rates below zero as global currency wars spread! 
    by Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
    Morgan Stanley warns that the world is revisiting the “ghosts of the 1930s” as one country after another tries to steal a march on others by devaluing first.
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    Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars.
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    The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap. The bank presented the move as precautionary step due to rising risks of a “poorer outcome abroad” and the crisis in Greece.
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    Janet Henry from HSBC said the measures are clearly a “beggar-thy neighbour” manoeuvre to weaken the krone, the latest such action in a global currency war that does little to tackle the deeper problem of deficient world demand.
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    The move comes as neighbouring Denmark takes ever more drastic steps to stop a flood of money overwhelming its exchange rate peg to the euro and tightening the deflationary noose.
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    read more!

Super_mario_draghi_going_for_breakfast

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February 16, 2015 Posted by | Economics | , , , , , , , , , , | 1 Comment

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