Socio-Economics History Blog

Socio-Economics & History Commentary

Michael Snyder: How To Survive Worldwide Deterioration And Collapse

  • Michael Snyder: How To Survive Worldwide Deterioration And Collapse
    by Minute To Midnight – All News PipeLine  
    A Minute To Midnite Episode 038 begins with Michael Snyder and Tony discussing the global economy and how there is a convergence of so many signs that are pointing to an imminent financial collapse.

    Michael begins by saying how a lot of people are right now saying that the crisis has past. There was a lot of financial shaking in August 2015 and January/February 2016, but the stock market has rebounded somewhat and so people are thinking that everything is pretty good. But meanwhile in reality, all over the planet economic conditions are rapidly deteriorating.

    We are already seeing full blown collapses in Brazil ( The 7th largest economy in the world) and Venezuela. There was recently the first real world enacting of the new European bank bail-in laws, with a large bank in Austria ( Heta Asset Resolution AG), followed by an emergency meeting in Rome over the the problems in the Italian banking system. All of Italy’s banks are in trouble, with over 360 billion Euros of non-performing loans. This is equivalent to a fifth of Italy’s GDP. Italy is on the same road as Greece was last year towards a collapse of the system. The difference being that Greece is only the 44th largest economy in the world, whereas Italy is the 8th largest economy in the world. In reality the problems in Greece are also far from over. Other banks in Europe are in real trouble too.

    Meetings between Obama and his administration & Janet Yellen of the Fed Reserve have left plenty of unanswered questions and this is also discussed. The situation in the US economy is talked about, and the attention is then turned to the Japanese and Chinese economies.

    The warnings to prepare for economic collapse in America and the rest of the world are obvious. The economic fundamentals are getting worse, but people don’t seem to understand that we have entered a period of very serious economic troubles for the entire world.

    With many investors becoming concerned with what is going on in the world, particularly with the likes of the problems with Deutsche Bank in Germany,there is a move by some into gold & silver to weather the storm. This is beginning to impact the price of gold & silver. Michael explains why he believes that both silver & gold values will increase, but that silver will see the biggest percentage gains. Tony agrees with Michael’s analysis on this.

    Later in the show Michael talks about how so many Western Christians are not preparing for the difficult times ahead, because they think they will be raptured before the troubles escalate. He then discusses his new book titled ‘The Rapture Verdict’ with Tony. He lays out a case for a Post Tribulation rapture based on scripture, and believes that his new book not only lays a strong case, but also delivers a verdict in the case based on the bible. Michael is a former attorney so he lays a case out in much the way a lawyer would.

    Towards the end of the show the topic returns to give practical advice on how to prepare for what is coming. This part of the show deals with spiritual and physical preparations for the coming economic collapse.

Global_Economic_Collapse_accelerates

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April 18, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nomi Prins Just Issued A Dire Warning About What Is Going To Trigger Total Global Collapse

Global_Financial_Meltdown1

  • Nomi Prins Just Issued A Dire Warning About What Is Going To Trigger Total Global Collapse
    by http://www.kingworldnews.com  
    Today Nomi Prins, who last year addressed the Federal Reserve, IMF and World Bank, just issued a dire warning about what is going to trigger total global collapse.

    Nomi Prins:
      “We (already) have inflation.  Will the bond market deflate?  It absolutely will deflate when these policies run out of steam or get taken off the table.  And that is why central banks keep coordinating and are so afraid to go back on what they started in 2008…  

    – 
    Nomi Prins continues:  “If any of these policies were to have been working for real economic growth, they wouldn’t need to have gone on for this many years, which means they actually have only existed in order to help inflate assets in the financial system and to create liquidity that would have otherwise not been there for these assets. 
    … 
    Eric King:  “As that unfolds, is that the beginning of the end (of the current global financial system)?” 
    Nomi Prins:  “It is.  It will be a transition to the destruction of this fabricated money framework.  The only game in town has been fabricated money — this external supply of stimulation that is unprecedented in history. 

    read more.

Ludwig_von_Mises-No_avoiding_final_collapse_of_a_boom_brought_about_by_credit_expansion_voluntary_abandonment_of_further_credit_expansion_or_toatl_catastrophe_currency_collapse

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April 16, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

World Faces ‘Lost Year’ as Policymakers Sleepwalk Towards Fresh Crisis, Warns IMF

Global financial system Titanic hits iceberg!

Global financial system Titanic hits iceberg!

  • World Faces ‘Lost Year’ as Policymakers Sleepwalk Towards Fresh Crisis, Warns IMF
    by The world is sleepwalking into a fresh crisis as investors start to lose faith in policymakers’ ability to revive the global economy, according to the International Monetary Fund.

    In its bluntest warning to date on the costs of policy inaction, the IMF said “financial and economic stagnation” could take hold unless governments prevented a “pernicious feedback loop of fragile confidence, weaker growth, low inflation and rising debt burdens” from forming.

    José Viñals, the head of the IMF’s financial stability division, said a prolonged slowdown could knock around 4pc off global output relative to current expectations over the next five years amid repeated bouts of market turmoil.

    Mr Viñals said a $1.3 trillion (£912bn) corporate debt timebomb in China also posed “potentially serious challenges” to financial stability if defaults pushed banks over the edge. 

    The IMF’s global financial stability report said a “loss of market confidence” would drag global bourses into a bear market. Under this scenario, Stocks in the UK, US, eurozone and China would lose a fifth of their value over two years, it estimated.

    The triple threat of slower growth, rising risks from China and diminished faith in policymakers’ ability to prevent a fresh downturn meant households and businesses were likely to save more and spend less in the uncertain global environment.

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

Click on image for article.

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

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

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

Click on image for article.

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April 15, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

Etai Friedman: 80% CRASH on the Horizon, S&P May Drop 1400 points

  • Etai Friedman: 80% CRASH on the horizon, S&P may drop 1400 points
    by http://www.trunews.com/  , 13 April 2016
    (TRUNEWS) Etai Friedman, the CEO of Eyal Capital Management LP, says the S&P 500 will crash 80% in the near future. Friedman’s statement was made during an interview with Rick Wiles of TRUNEWS on Wednesday, while speaking about the impending global financial crisis.

    Friedman said that the Tobin’s Q ratio of US markets — 1.1 for Q42015 — is showing heavy overvaluation, and a crash will likely bring the ratio down to 0.3. Such a drastic change would not only expose the illiquidity and under capitalization of many businesses, such as tech startups which have thrived under low interest rate policies, but drop the Q ratio .8 or rather 80%.

    Tobin’s Q ratio was first devised in 1968 by economics Nobel laureate James Tobin, to show the true valuation of a company. The “Q ratio” as it is referred in financial circles is calculated as the market value of a company divided by the replacement value of the firms assets. The data is centrally gather by the US Federal Reserve.

    Friedman said the Q ratio is closely tied to the stock market, noting that whenever the markets fall the ratio falls also. Tobin said that only three or four times since 1909 has the Q ratio been as high or higher than 1.1, reaching a high of 1.28 in 1909. He added that in 2005 before the bank liquidity crisis, the Q ratio dropped to 0.55, and would have kept falling had The Fed not intervened with a bailout. This time, Friedman said, the value correction cannot be stopped and will drop the S&P 500 from 2000 to 600pts.

    Why does this matter? The S&P 500 is the main US market index, and measures the overall health and movement of the 500 largest US corporations. A crash of 1400pts, which represents approximately $1.48 trillion of the $2.2 trillion index assets and $5.25 trillion of the $7.8 trillion benchmarked to the index, would gut America’s financial core. Based on what occurred during the great Depression, it would cause a wave of bankruptcies, severe price level and income drops, increased debt service costs, and mass unemployment.

    Highlights from the Friedman interview:


    read more.

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April 15, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

The FedRes Just Held An Emergency Meeting To Discuss Capital Markets

FedRes_meeting_on_markets-13April2016

  • The Fed Just Held An Emergency Meeting To Discuss Capital Markets
    by Tyler Durden, http://www.zerohedge.com  
    As we reported on Friday morning, in a surprise announcement the Fed revealed under its “Government in the Sunshine” protocol that it would hold a closed meeting under expedited procedures in which it would review the “advance and discount rates to be charged by Federal Reserve Banks.” The last time such a meeting took place was less than a month before the Fed hiked rates for the first time in years.

    What took place during the meeting will remain a mystery, however what made it particularly interesting is that just hours later it was followed by another impromptu closed-door session, this time between president Obama and Janet Yellen.
    ….
    We do know, however, that it is a very busy week for unexpected, emergency meeting for the Fed, because according to the Fed’s board meeting website, today at 3pm the Fed held yet another previously unscheduled“meeting under expedited procedures”, only instead of discussing rates this time, the Fed talked about institutions, infrastructure and financial markets.

    read more.

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April 14, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Is The Fed Preparing For The Next Financial Earthquake To Hit?

DeutscheBank-Lehman-stock-comparison

  • Is The Fed Preparing For The Next Financial Earthquake To Hit?
    by Dave Kranzler, http://investmentresearchdynamics.com/  
    The Fed announced a series of three “expedited procedure, closed” meetings Monday thru Wednesday this week:  FRB Board Meetings.  The Monday meeting was allegedly “a review and determination by the Board of Governors” of the advance and discount rates charged by the Fed.   This is somewhat an absurd waste of time as both of those bank funding mechanisms have become antiquated and rarely used.  The discount window collects dust until a specific bank’s credit profile has collapsed to an extent that prevents it from accessing the interbank-lending market.  It’s seen as an act of desperation.  It’s doubtful that the meeting was convened to discuss the discount rate.

    The announced subject matter of the two subsequent meetings are perhaps of more interest:  “bank supervisory matter” (Tuesday) and “periodic briefing and discussion on financial markets, institutions, and infrastructure” (Wednesday).

    I find the latter two topics in the context of the fact that it appears that the European banking system – to which the U.S. Too Big To Fail Banks are inextricably tied – appears to be melting down.

    For me the “tell tale” for the western financial system is Deutsche Bank.  Deutsche Bank has emerged as a “rogue” bank of sorts that had taken on a catastrophic amount ofreckless credit market risks.  Nothwithstanding its literal financial nuclear portfolio of derivatives, DB thrust its balance sheet into every sector of the global economic system that has been melting down over the past 12-24 months including energy, commodities, “Club Med” European banks and junk bonds.  It also began to choke to death on bank debt loans to companies like Glencore and Volkswagen.

    read more.

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April 14, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

The Probability Of The Economic Collapse Happening This Year Is Increasing: Chris Martenson

April 13, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

What in The World is Going on With Banks This Week? Emergency Meetings, Banker Summits, Crashing European Banks And The Worst Bank Reports Since The Great Recession

Global financial, economic, currency storm is coming!

Global financial, economic, currency storm is coming!

  • Next week 18-22 April, major events include:

    * Installations of reproductions of the entrance of the Temple of Baal in Palmyra Syria, in Times Squares, New York and Trafalgar Square, London on April 19th.
    * 19-21 April are occult Satanic holidays for human sacrifice.
    * 19 April launching of physical gold delivery contracts on the Shanghai financial market. It will break western control ie. Wall Street, City of London control over gold price and is the beginning of the end of the western financial stranglehold on prices of commodities …..
    (The Chinese CIPS international payment system is now active ie. the alternative to SWIFT where nations around the world can bypass Anglo-American, western hegemony.)

  • What in The World is Going on With Banks This Week? Emergency Meetings, Banker Summits, Crashing European Banks And The Worst Bank Reports Since The Great Recession
    by http://thegreatrecession.info/blog/  
    Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down. Let’s start with a bullet list of the week’s big-bank events:

    * The Federal Reserve Board of Governors just held an “expedited special meeting” on Monday in closed-door session.
    * The White House made an immediate announcement that the president was going to meet with Fed Chair Janet Yellen right after Monday’s special meeting and that Vice President Biden would be joining them.
    * The Federal Reserve very shortly posted an announcement of another expedited closed-door meeting for Tuesday for the specific purpose of “bank supervision.”
    * A G-20 meeting of finance ministers and central-bank heads starts in Washington, DC, on Tuesday, too, and continues through Wednesday.
    * Then on Thursday the World Bank and the International Monetary Fund meet in Washington.
    * The Federal Reserve Bank of Atlanta just revised US GDP growth for the first quarter to the precipice of recession at 0.1%.
    * US banks are widely expected this week to report their worst quarter financially since the start of the Great Recession.
    * The European Union’s new “bail-in” procedures for failing banks were employed for the first time with Austrian bank Heta Asset Resolution AG.
    * Italy’s minister of finance called an emergency meeting of Italian bankers to engage “last resort” measures for dealing with 360-billion euros of bad loans in banks that have only 50 billion in capital.

    President Obama’s meeting with Fed Chair Yellen
    It is rare for presidents to meet with the chair of the Federal Reserve. The last time President Obama met with Janet Yellen was in November of 2014, a year and a half ago. It is even more rare for the vice president of the United States to join them. In fact, I’ve heard but haven’t verified that it has never happened in a suddenly called meeting with the Fed before.

    For security reasons, the president and vice president don’t regularly attend the same events. There are, of course, many planning sessions or emergency meetings where they do get together, but not with the head of the Federal Reserve. Emergency meetings where the VP is included in the planning session would include situations related to dire national security in case the VP winds up having to take over.

    read more.

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April 13, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

JPMorgan CEO Warns of Economic ‘TRAGEDY’ On The Horizon

  • Snakes warning us about their plan? Global economic, financial and currency collapse.
  • Published on Apr 11, 2016
    Sub for more: http://nnn.is/the_new_media | Jason Howerton for The Blaze reports, that according to JPMorgan CEO Jamie Dimon, In about a decade, the U.S. will have no choice but to take action to address a “tragedy that we can see coming,” Read more:


    http://www.theblaze.com/stories/2016/…

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April 12, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , | Leave a comment

The Coming Collapse Will Be Talked About For Centuries… If We Are Even Still Here To Talk About It

  • Published on Apr 9, 2016
    Jeff is interviewed by Herchel 36 from Truth is Stranger than Fiction on the Beat 106 FM in Southern Spain. Topics include: the success of the Anarchapulco 2016 Conference, government is an unnecessary evil, transitioning to statelessness, Liberland, the TDV investing approach and The Beginners Guide to Investing, TDV Groups, the Shemitah event and the Super Shemitah economic crash in 2016, massive money printing and negative interest rates, most people are entirely unprepared, the cost of living is steadily increasing, hyperinflation in Europe, massive shortages in Venezuela, one world government and currency, dumbing down the population, the introduction of the Federal Reserve act and removal of the gold standard, the threat of a cashless society, the evils of central banking and the resulting impoverishment, depopulation, no-one notices as we enter the brave new world.

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April 11, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Europe Heading to Civil War… Societal Collapse & Currency Crisis – John Rubino Interview

  • Published on Apr 2, 2016
    GUEST: http://DollarCollapse.com 

    TOPICS IN THIS INTERVIEW:
    02:30 European Pension Predicament, Too Much Entitlements
    06:20 Immigration Problems in Europe
    09:00 Even Germany is in Bad Shape
    13:30 Immigrant Culture is Incompatible
    15:10 Britain’s Exit from the Eurozone
    16:10 The Euro is Teetering on the Brink
    20:30 Extreme Volatility in World Markets Coming
    21:45 US Debt May Reach $20 Trillion Before Obama’s Out
    25:30 Potential for Stock Market Crash

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April 9, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gold: Something Is Melting Down In The Global Financial System

USDJPY-1year-8April2016

  • Gold: Something Is Melting Down In The Global Financial System
    by Dave Kranzler, http://investmentresearchdynamics.com/  
    Deutsche Bank is the financial system’s “Hurt Locker”  – Investment Research Dynamics/Kranzler Research

    It’s been well documented that the $/yen has been the “lever” by which the Federal Reserve and the U.S. Treasury ( via its Working Group on Financial Markets) has been manipulating the stock market higher and keeping a cap on the price of gold.  Craig Hemke of TFMetalsReport.com has done a brilliant job documenting and commenting on this dynamic:  It’s All About The Yen.  I would recommend looking at his archives to see the historical context of his work.

    The yen has been depreciating vs the dollar at a rapid rate since October 2012. Not coincidentally the SPX embarked on a nearly uninterrupted upward move that took it from 1099 in early October to its all time high of 2130 in May 2015.  The directional correlation between the USD/YEN and the SPX was highly conspicuous, if not an outright signal of official market market intervention.


    Starting in early August, however, the $/yen began to break down technically, as the yen began to appreciate vs. the dollar – primarily in big “waterfall” chunks.  Not coincidentally, the SPX began to “tip over” at about the same time. Yesterday the $/yen plunged briefly below the key 110 level, closing at 109.78.

    read more.

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April 9, 2016 Posted by | Economics | , , , , , , , , , , , | Leave a comment

“It’s Coming Apart At The Seams” – US Equities Plunge As Deutsche-Lehman Analog Looms

DeutscheBank_Lehman-20160407

  • “It’s Coming Apart At The Seams” – US Equities Plunge As Deutsche-Lehman Analog Looms
    by Tyler Durden, http://www.zerohedge.com  
    Once again, US equities have given up the ‘great’ jobs report gains and are plunging fast with The Dow sufferung its worst day in 6 weeks. FX markets are turmoiling(USDJPY <108) and bond yields are collapsing to on-month lows. European and US banks are tumbling as despite Dimon’s bottom and the coordinated ease-fest of the world’s central banks, investors prefer to sell a multi-trillion dollar opaque hole of derivatives debacle-ness than buy it. As one veteran trader put it, the central banks’ plans “are coming apart at the seams.”

    read more.

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

“There Is A Lot Of Fear In The Market” – Stocks, Futures Slide After Yen Soars

USDJPY-108xx-7April2016

  • “There Is A Lot Of Fear In The Market” – Stocks, Futures Slide After Yen Soars
    by Tyler Durden, http://www.zerohedge.com  
    Two days after stocks slid in a coordinated risk-off session, and one day after a DOE estimate of US oil inventories sent US stocks surging while the failed Allergan-Pfizer deal unleashed torrential hopes of a biotech M&A spree leading to the single best day for the sector in 5 years, sentiment has again shifted, this time due to a violent surge in the Yen as the market keeps testing the resolve of the Japanese central bank to keep its currency weak, and so far finding it to be nonexistent.

    As a result, as we reported previously, the USDJPY plunged nearly 200 pips overnight, undoing all its gains since the expansion of Japan’s QQE on October 31 2014, and while equities did their best to ignore this move for as long as possible, ultimately they too succumbed.

    The yen gained even after a government official said authorities would take necessary action on foreign exchange if needed. Futures, after urgently trying to ignore the Yen move, finally noticed it overnight, pushing the E-mini to session lows, and undoing almost all of the DOE gains.

    read more.

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April 7, 2016 Posted by | Economics | , , , , , , , | Leave a comment

BOJ’s Kuroda Threatens More Easing, Stocks Tank, Absurdity Reigns

BOJ-Hari_Kiri_commit_suicide

  • BOJ’s Kuroda Threatens More Easing, Stocks Tank, Absurdity Reigns
    by , http://wolfstreet.com/  
    “Negative interest expense” or some such absurdity yet to be coined.

    “For now, the effect of negative interest rates is very strong, so we’d like to steadily proceed with this policy,” Bank of Japan Governor Haruhiko Kuroda told parliament today, to reassure the nervous politicians that the economy was on the right track under his fearless and wise leadership.

    Alas, the BOJ’s “tankan” survey, released on Friday, showed that confidence plunged among manufacturers to the lowest point since 2013, while inflation expectations weakened further. The economy in the January-March quarter is likely to shrink again, after having already shrunk in the prior quarter, to form another technical recession. Despite government and BOJ exhortations, wage increases remain elusive, now an imperceptibly small 0.4% from a year ago.

    But just in case the BOJ’s scorched-earth policies of negative interest rates and asset purchases – mostly Japanese Government Bonds, Japanese REITs, and equity ETFs – haven’t accomplished the desired miracles yet, the BOJ would be willing to accelerate the same failed policies, such as pushing interest rates deeper into the negative, and try some new things too, such as diving into riskier assets, he said.

    One thing is clear: While the BOJ has failed in propping up stocks, it has totally succeeded in suffocating the once vast Japanese Government Bond market by buying up every JGB that isn’t nailed down. It’s a marvel, actually. The BOJ’s primary dealers buy the JGBs when the government issues them at a negative yield, knowing that they will soon sell them to the BOJ at an even greater negative yield and thus make a guaranteed profit on the difference.


    The 10-year JGB yield is -0.07%. Pension funds, insurance companies, banks, and money managers have begun to unload their JGB holdings. Only he BOJ is buying.

    It seems that the BOJ will not stop until it owns most of the JGBs out there. It’s paying the government the negative yield, actually paying the government to borrow money to fund its gargantuan deficits. If this farce continues long enough and more of the older JGBs are rolled over, interest expense in the Japanese budget will turn to income, called “negative interest expense” or some such absurdity yet to be coined. Someday this is going to end in tears. But not tomorrow. Kuroda knows this, hoping that the “after tomorrow” won’t be under his watch. After me the deluge!

    All 11 Japanese asset managers that offer money market funds are planning to scuttle them after returning their remaining assets to investors. This marks another big accomplishment of negative interest rates. And the bitter irony? Read…  NIRP Kills Off All Money Market Funds in Japan

    read more.
http://www.investing.com/currencies/usd-jpy

Shouldn’t the USDJPY go up with the implementation of NIRP? It has crashed below 110.xx . The BOJ is committing suicide. Click on image to goto chart.

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April 7, 2016 Posted by | Economics | , , , , , , , , | Leave a comment

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