Socio-Economics History Blog

Socio-Economics & History Commentary

Be Prepared For The Entire System To Go Dark For 2-3 Days: Jordan Sather

April 21, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Worldwide Debt Default | Michael Pento

  • SilverDoctors Published on Apr 19, 2018
    The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors. He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming. The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.

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April 20, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

Lynette Zang: Gold Still Rises In Price Even AFTER The Reset

  • Lynette Zang: Gold Still Rises In Price Even AFTER The Reset
    by https://www.silverdoctors.com/
    Lynette has new information on the coming reset based on happenings in Venezuela and the proposed legislation in the U.S. Congress. Here’s the details… from Lynette Zang of ITM Trading:

    Question 1: Venezuela has done the reset of its currency to gold. Does this means that the reset is dependent on each country’s government and only those facing a crisis like Venezuela? Will there be an eventual reset on a global level such that all countries will reset their currency to the true fundamental gold value?

    Question 2: Should I sell my gold/silver bullion for junk silver coins or silver eagles?

    Question 3: I was waiting on Lynette’s response about what would happen to a TD Ameritrade account upon a systemic failure, hopefully you can squeeze this in.

    Question 4: House bill 5404 on gold standard. Your thoughts?

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April 7, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Michael Pento: Financial Crescendo in October of 2018?

  • Michael Pento: Financial Crescendo in October of 2018?
    by Greg Hunter’s USAWatchdog.com
    Money manager and financial writer Michael Pento says the federal government is “burning the furniture to heat the house.” Pento contends, “If you are burning the furniture in your house to heat your house, guess what, you are not too far away from freezing to death.  The government is now selling its assets to try to make the fiscal situation look better.  We have so much red ink in the government today.  Our debt to GDP ratio is now way above 100%.  The budget deficits are way over $1 trillion and going much higher.  The government is forced now to sell assets to try to make it look better. . . . They’re so desperate for money that they are draining the Strategic Petroleum Reserve.  They are selling 100 million barrels and draining the Reserve down 45%. . . . That comes to $6 billion.  We are so desperate for money from any place.”


    So, what does the Federal Reserve think about the U.S. economy? Pento says, “The Fed is worried about intractable inflation.  They are panic stricken. . . . What you have to understand, and these people will never understand it at the Federal Reserve, is that inflation is about a market psychology about the purchasing power of its currency.  When the market loses faith in a currency’s purchasing power, you get inflation, and it could go hyperinflation.  That’s coming down the road I believe.  It’s not coming because people are becoming prosperous and working and finding employment.”

    Pento says the biggest unreported story is the skyrocketing interest rate of LIBOR. What’s that?  Pento explains, “LIBOR, and people don’t understand or talk about it, is the London Inter-Bank Offered Rate.  This rate has gone from 0.3% at the end of 2015 to 2.3% today.  The London Inter-Bank Offered Rate is the rate that is applied to $370 trillion of loans and derivatives.  I did not say “B” billion or “M” million, I said “T”.  $370 trillion worth of derivatives and loans, from credit cards, to student loans, to auto loans are priced off of LIBOR. . . .  That is the biggest reason why the stock market is rolling over because the cost of borrowing money . . . is going up very, very sharply. . . . All of this is going to hit a crescendo in October of 2018.”

    read more.

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April 5, 2018 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

Lynette Zang: “Survive the Reset & Antichrist Sophisticated Socialist Bartering System”

  • TradCatKnight Published on Mar 27, 2018
    TradCatKight Radio, Lynette Zang “Survive the Reset & Antichrist Sophisticated Socialist Bartering System” Talk given 3-27-18 (aprx. 1hour)

    Special guest Lynette Zang joins me to discuss: latest push for cashless society, is the economic reset a certainty for 2018? looming signs of war, Fatima, false flags, being prudent in your “survive the reset” portfolio, attack on the US Dollar, the petro yuan, the U.N. will tell the nations how to “share” (Socialism), latest Trump moves, tax cuts, tariffs, retail store closures, customer confidence down, the resest of gold that know one is talking about and MUCH more!

    Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. She has been in the markets on some level since 1964 as a banker, a stock broker and while studying world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future. Her motto is food, water, energy, security, community, barter ability, and wealth preservation. Her goal is to translate financial noise into understandable language.

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March 31, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

How Gold and Silver Perform During an Official Reset. Thank You Venezuela!

  • ITM Trading Streamed live 12 hours ago
    Links to today’s Slides and Links: https://www.itmtrading.com/blog/debun…

    Stock market volatility is back in a very big way, with intraday price swings leaving many market participants fearful and seeking a safe haven in the market storm. Investopedia says “A safe haven is an investment that is expected to retain or increase in value during times of market turbulence. Safe havens are sought by investors to limit their exposure to losses in the event of market downturns.” Of course, wall street wants main street to follow where they lead, but I believe in educated choices. So let’s examine what wall street wants us to think of as safe haven and what really is safe haven.

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March 30, 2018 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Final Preparations Being Made Now For A Global Reset WITHIN MONTHS | Jim Willie

  • Final Preparations Being Made Now For A Global Reset WITHIN MONTHS | Jim Willie
    by https://www.silverdoctors.com/
    Jim Willie tells Silver Doctors China and Russia are making final preparations for the global reset. Here’s the details…
    by Jim Willie of Golden Jackass interviewed by Silver Doctors


    In this interview, Jim Willie answers viewer questions!
    – When the stock market crashes sufficiently do you think we’ll see panic buying of gold, silver, and cryptos?
    – I’m an american expat who’s made China his home. I own $150 K worth of gold and silver and have a decent holding of CNY. After the USD loses its global reserve status, how do you see China’s economy being affected?
    – How did Jim immigrate to Costa Rica and how hard was it? Does Jim feel safe there?
    – If Venezuela, Qatar, Iran, China, Russia…have decided not to use the dollar,how is it the dollar hasn’t crashed yet and the interest rate gone thru the roof?
    – How long before the interest rates catch up to the lag in the default of debt in the private sector, causing the cascade of defaults throughout the banking sector?
    – Who is buying the bonds? Is the U.S. financing their own debt?
    – How do you think it is going with the flipping of Germany to the east in a economic sense if not political. Do you still think this will happen?
    – Please ask Jim what he thinks about JP Morgan stashing so much physical silver. Are they doing it to profit from higher prices or to cover their naked shorts when they short the paper market?

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March 15, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

David Morgan: Deep State Could Pull Plug on Markets. Deep State Unpredictable Get Gold & Silver

  • David Morgan: Deep State Could Pull Plug on Markets. Deep State Unpredictable Get Gold & Silver
    by Greg Hunter’s USAWatchdog.com
    Precious metals expert David Morgan says the prolonged sideways price of silver is what bottoms look like in the precious metals market. Morgan explains, “This market has not moved for a very long time . . . Silver bottomed in December of 2015, and, yes, we have gone up and down and up and down, but the overall lows have been higher lows, which is the definition of an uptrend.  Silver and gold have started a subtle uptrend from the bottom in 2015, but it certainly has been slow and tedious and back and forth.  I coined a phase, ‘silver will either scare you out or wear you out.’  We are in the wear-you-out phase.  A lot of people who were believers at one time have become non-believers.  The markets have worn them out, and they have moved on to something else.” In the bond market, Morgan fears low interest rates spell danger. Morgan says, “The most important commodity in the world is oil, but the most important financial asset is the U.S. Treasury market . . . this is key, and what is so unbelievable if you think about it, the one asset class that is supposed to be the safest is the  U.S. Treasury market, and it’s the least safest.  Something that is supposed to be unsafe like silver and gold are the safest.  The Treasury market does not have several thousand years of history of being money.  All fiat currencies have failed in the long run. . . . The dollar has lost 98% of its buying power since 1913, and the Fed is supposed to have a stable currency policy.  Well, they have failed miserably.”

    On the success of President Trump and the ongoing war with the so-called “Deep State,” Morgan contends, “If the “Deep State” gets pushed into a corner much further, they can basically pull the plug. That means the stock market could come tumbling down, and then they could blame the Trump Administration. . . . If you are losing the chess game, you just get up and turn the table over and the pieces go flying everywhere.  That is a metaphor for a war.  That’s a metaphor for crashing the stock market.  That’s a metaphor for crashing the bond market, and it’s a metaphor for it happening on its own.  I am concerned that if you win, you lose.  This is why the unraveling is being done extremely carefully. . . . I am not saying it is going to happen.  I am saying it could happen.  These people are so used to winning a rigged game, if they start being caught, and they have been caught, then they are going to do things that are not necessarily predictable.  They are not going to act in a rational manner.  They are going to do anything possible to protect themselves.  You cannot rule out the possibility that they will turn the table over and that’s it.”

    This, along with many other reasons, is why Morgan says, “You have to have physical gold and silver in your portfolio to be truly diversified and protected.”

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March 14, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Lynette Zang: Trade Wars and Tax Cuts

  • ITM Trading Streamed live 3 hours ago
    Slides and Links: https://www.itmtrading.com/blog/insid…
    The stock market roller coaster continues into March. In January cash repatriation and corporate tax cuts sent the stock markets to all time highs. So Why is the Stock Market Roiling Now? The threat of tariffs. Wall Street and globalists lost an important White House voice in Gary Cohn, (Chief Economic Advisor and Director of the National Economic Council) a former Gold Sachs executive and investment banker who specialized in debt. Wall Street was not happy to lose this connection. Let the Trade Wars Begin If the US puts on tariffs, the most likely outcome would be a global trade war because everyone is fighting the deflation brought on by globalization. What About Gold? The smart money has recognized an undervalued situation in gold. We see that a cup formation (accumulation pattern) is building. This may well be the last opportunity to convert fiat money into honest money at these severely undervalued levels. I’m taking advantage of it, so are the central bankers. Shouldn’t you?

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March 8, 2018 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Mid-East War Will Crash Equity Markets

March 6, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: FedRes Already Lost Control of Markets

  • Gregory Mannarino: FedRes Already Lost Control of Markets
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Professional trader Gregory Mannarino says the new Fed Head, Jerome Powell, caused the market to sell off last week, not Trump tariff talk. Powell blurted out in Congressional testimony that the “U.S. is not on a sustainable fiscal path.”  Mannarino explains the truth bomb Chairman Powell dropped, “I think this guy was nervous.  I think he’s getting shook up here.  I think the weight of his position is weighing on him a little too much, and that is what sparked the sell-off.  It wasn’t the tariffs.  This was Powell, and the markets are saying that this guy really might not have our backs as much as Yellen did.”

    So, is the Federal Reserve losing control of the markets? Mannarino contends, “It’s worse than that.  They have already lost control.  If they were in control, would they still be buying bonds like they are?  Would they still be trying to ‘get it right’?  They cannot unwind this in a normal way.  They have created a system of bubbles, and they are well aware of this.  These things tend to collapse very violently when they do.  If the Federal Reserve or any of these central banks were in control, do you think we would be in the situation we are in right now?  Absolutely not. All they have done is liquefy the world with debt and buy everything they can to keep this propped up.  This is not control.  This is some kind of a Frankenstein they have created by trying to prop everything up. . . . This is a corpse here that is on life support, and that is all it is.  There is going to be a terrible moment of reckoning.  Inflation, forget about it.  Of course, there is going to be massive inflation.  They can’t stop it.  . . . They are in a lot of trouble here.  Of course, they are going to lose control.  Let’s say we start getting some real inflation and they start hiking and hiking rates super-fast.  What’s that going to do?  Bam, there goes your debt bubble, and then we’re done.  Back to the Stone Age.  Stock market 6,000 will probably seem like a dream come true because it might even go lower than that. . . . They are going to run this until they hit the wall.  When is that going to be?  I don’t know . . . .  I think they are going to keep this propped up until at least the mid-term election.  The stock market is going to continue to go up.  The distortions are going to get worse and probably much worse until we get a correction to fair value.”

    read more.

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March 5, 2018 Posted by | Economics | , , , , , , , , , , | Leave a comment

David Morgan: Silver Returning To Monetary System?

February 27, 2018 Posted by | Economics | , , , , , , , , , , , | Leave a comment

Gerald Celente: I am Betting On a Weaker Dollar in 2018

  • Gerald Celente: I am Betting On a Weaker Dollar in 2018
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Top trends forecaster Gerald Celente predicted a 10% correction in the stock market for 2018. It already happened.  What are his updated predictions for the rest of the year?  Celente says, “What brought the markets down was the fear of interest rates going up.  Now, as you mentioned, we had forecast a 10% correction.  Here’s our forecast now.  We believe the Trump rally is near its peak.  It may go up more, and here is why it will.  Trump is allowing companies to bring back money from overseas.  All that dough they have stashed over there that they haven’t been paying taxes on, they’re going to bring it back and get a great tax break. . . . George Bush did that back in 2003 and 2004.  Do you know where the money went?  96% went into stock buybacks, not capital improvements.  Again, Trump gave them a 21% tax rate from the 35% rate, and that money, we believe, won’t go into capital improvements because when you look at S&P 500 earnings, they are doing really great.  They are expected to have a 19% increase this year.”


    So, is Celente expecting another 10% correction in the stock market? Celente says, “Possible, yes.  The possible why is a black swan event and, in particular, war.  Do you see what is going on in the Middle East? . . . One of my sayings, and it goes for any country anytime and in any place, when all else fails, they take you to war.  They are ratcheting up war in the Middle East with Saudi Arabia and other countries against Iran. . . . If there is a war against Iran . . . If there is war in the Middle East, you will see oil prices spike to above $100 per barrel.  If that happens–bam, not only the U.S. equity markets, but you will see the global equity markets go into bear territory. . . .The markets are overvalued, the price/earnings (PE) ratios are in the 26 range, and 14 is usually the average.  They are near historic highs by many measurements.”

    Celente also points out another big headwind for the markets. Celente says, “Rising interest rates.  Look at the numbers that came out last week on housing.  Boom!  Mortgage applications down, and purchases down on all different levels.  Interest rates are going up.”

    Celente likes gold but predicts nothing is going to happen until “it hits $1,450 per ounce and stabilizes around that price.” Celente also predicts, “The United States wants a weaker dollar so we can increase our exports. . .  I am betting on a weaker dollar.”

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February 26, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Wall Street Casino; Do You Feel Lucky? Financial Derivatives BOMB

  • ITM Trading Streamed live 10 hours ago
    Link to slides and supporting sources: https://www.itmtrading.com/blog/hidde…

    When derivative bets on mortgages failed in 2007 and 2008, we all learned who was “Too Big to Fail” as Banks were bailed out on the backs of the taxpaying public. We’re told that the banks and financial system is so much safer and more resilient and that the problems that created “The Great Recession” have been fixed. Is that true? We know that the TBTF banks are now a lot bigger, but is the system really safer? Why Does This Matter to Me? Because the global reflation trade created by the central banker’s old tools (interest rates and debt) appear to be used up and the size of the derivative market has exploded making the entire global financial system one big casino with bankers making these bets, which are secured by YOUR wealth. When it gets too expensive to keep things floating, credit will dry up. That’s what happened with the derivative market in 2008. So I ask you, do you feel lucky? I do, because I have physical gold and silver in my possession and that’s a sure bet.

Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University, has warned that the so-called notional value of the worldwide derivatives market is over $1.4 quadrillion (Quadrillion = 1000 Trillion).

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February 24, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Debt Default is Inevitable | Michael Pento

  • SilverDoctors Published on Feb 23, 2018
    “Debt levels have reached a point where they have to be defaulted upon,” Michael Pento of Pento Portfolio Strategies tells Silver Doctors. The rate of the 10-year Treasury is at a four year high nearing three percent. Pento forecasts it will rise to four percent, which will be a “floor rather than a ceiling.” If the rate rises to four percent, people will have lost about 25 percent from a “risk free” asset since July 2016. The top is in for the stock market, Pento says. As rates continue to rise, look out for a bankruptcies, layoffs, and a stock crash.

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February 24, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment