Socio-Economics History Blog

Socio-Economics & History Commentary

Catherine Austin Fitts: We Need Our $40 Trillion In Stolen Cash Back. We Are Now into Controlled Demolition

  • Catherine Austin Fitts: We Need Our $40 Trillion In Stolen Cash Back. We Are Now into Controlled Demolition
    by Greg Hunter’s USAWatchdog.com
    Renowned financial expert Catherine Austin Fitts warns there is not much time left for the current system. Fitts contends, “We have built an infrastructure that doesn’t make economic sense, and we are going to have to change.  What’s happening in state and local budgets is the same thing that is happening in health care.  It’s the same thing happening in all these different areas, which is we have engineered government investment to prop up the stock market. . . . Washington, D.C., is basically run for the political campaign contributions generated from capital gains in the stock market.  The problem is, to get that rise in the equity markets, we’ve ended up pumping out enormous amounts of government debt and government money that has a negative return for taxpayers.  It’s not sustainable, and the game is up. . . . I’ve been telling you for 15 years we were going to have a slow burn.  I am telling you that’s over, and we are now into controlled demolition.”

    Don’t expect the mainstream propaganda media to give you any warning or real information about what’s happening. Fitts contends, “The conundrum for a CNN is how do we get ratings?  How do we get attention without talking about the real news?  The real news is, since fiscal 1995, we have disappeared or bailed out or stolen over $40 trillion of our money.  If we are going to balance the budget, we need that $40 trillion or the assets thereon or the liabilities of the people who stole it back on the table, or else we’re toast.  If we can give $27 trillion to the banks, I can assure you we can afford $4 trillion of a pension fund bailout.  Mr. Global doesn’t want us to do the algebra.  This is like fourth grade math.  $27 trillion to bail out the banks, and we are not going to bail out the pension funds?  Where does that come from?”

    There is no argument for a big crash, the only question is when. Fitts says, “I think it’s more likely to happen in 2018.  If you look at the stock market, we are way, and I am tired of saying this, we are way, way overdue for a major correction.  If we do get this major correction, and that is perfectly natural, you don’t want to misinterpret that as a major crisis or event.  I think we are way overdue for a major correction, and I give that a reasonable chance between now and November.  If it doesn’t happen this year, it’s definitely going to happen next year.”
http://www.wnd.com/2016/08/6-5-trillion-missing-from-defense-department/

Click on image for article.

http://crooksandliars.com/2015/06/report-reveals-85-trillion-missing

Click on image for article.

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July 20, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Catherine Austin Fitts: We Need Our $40 Trillion In Stolen Cash Back. We Are Now into Controlled Demolition

Legendary Investor Predicts Worst Crisis In His Lifetime | Exclusive with Jim Rogers

  • Published on Jul 17, 2017
    https://sdbullion.com 

    http://www.silverdoctors.com/precious… 
    Legendary investor Jim Rogers says Western Civilization is going to collapse. Debt is higher than ever. Therefore, this crisis “will be worse than anything in our lifetime,” Rogers predicts. Governments, countries, and banks will fail, he says. How should we prepare? “If you start investing in things you don’t know about, I assure you you’re going to have real problems when the situation goes bad, “ Rogers warns, “Stay with what you know.” He expects agriculture to do well going forward. In the short run, he in is bullish on the U.S. Dollar and bearish on precious metals. But in the long run, he sees confidence being eroded in the Dollar, and more movement into gold and silver.

    Rogers expects governments to restrict the use of gold and silver when the crisis hits. Stay tuned to hear what country Rogers thinks will dominate the 21st century – it’s not the United States…

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July 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on Legendary Investor Predicts Worst Crisis In His Lifetime | Exclusive with Jim Rogers

The Next Financial Crisis Will Wipe Out Most Paper Assets: Lynette Zang

July 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off on The Next Financial Crisis Will Wipe Out Most Paper Assets: Lynette Zang

Timeline to Collapse: The End of Market Rigging, Money Fraud, Political & Moral Secrets | Rob Kirby

  • Published on Jul 11, 2017
    Rob Kirby, outspoken commentator, proprietary analyst and founder of KirbyAnalytics.com returns to Reluctant Preppers to spell out the timeline to collapse. Kirby explains how intervention in our capital markets has been rampant, our cash system is a crack-house, and why it needs to be busted. Kirby further argues that those who have denied it, perpetrated it, and prolonged it must be outed, and the natural law allowed to restore truthful and just money, to protect world peace. Kirby pulls no punches, takes on the powers that be, and clearly calls out the parties we can trust or not. Don’t miss this expose and get a healthy reality check from an astute observer of historical and current geo-financial affairs!

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July 13, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on Timeline to Collapse: The End of Market Rigging, Money Fraud, Political & Moral Secrets | Rob Kirby

Lynette Zang: Market Crash Coming – Insiders Run – Next Market Meltdown Means Frozen Financial System

  • Lynette Zang: Market Crash Coming – Insiders Run – Next Market Meltdown Means Frozen Financial System
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release) 
    Market analyst Lynette Zang has deep Wall Street experience and is starting to see a worse setup than just before the 2008 market meltdown. Zang explains, “The dollar is weak.  All that is dog and pony.  The real thing is they can’t stimulate the economy by growing any more debt.  The system is based on compounding debt.  So, it has to reset, and any wealth that is in the system gets reset too. . . .  They can keep the game going until confidence is lost.  Once confidence is lost, it’s over, and I do think it’s close . . . the big kahunas are sucking as much wealth out of the system as they can.”


    How close are we to another market meltdown worse that 2008? Zang says, “Every week I do an insider’s trading corner, and I show you what the insiders are doing generally, and then I do an individual stock.  It’s pretty obvious . . . the insiders are getting out in droves. This is the second most expensive stock market in history.  It’s more expensive than 1929.  Also, there are no buyers on the other side of this market if a lot of people want to sell at the same time.”

    So, how long can central banks keep the debt party going? When is the next crash?  Zang says, “I am worried that it will happen before the end of this year.  I think that is what they are trying to do with getting all the regulations.  Since the banks have passed the stress tests, what are they doing?  They are getting all these huge dividend payouts and all of these stock buybacks, which primarily benefit the guys on the top.  So, I think they are getting ready for the crash.  If they can hold it together, then they are going to want as much wealth out of the system.  I am talking about the one percenters.  If they can hold it together, we might get a little more time, but any black swan event, then it will be out of their control, and it will be game over.  That could happen anytime.”

    read more.

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July 3, 2017 Posted by | Economics | , , , , , , , , , | Comments Off on Lynette Zang: Market Crash Coming – Insiders Run – Next Market Meltdown Means Frozen Financial System

Bob Rodriguez: We are Witnessing the Development of a “Perfect Storm”

  • Bob Rodriguez: We are Witnessing the Development of a “Perfect Storm”
    by , https://www.advisorperspectives.com/
    … In a recent quarterly market commentary Jeremy Grantham posited that reversion to the mean may not be working as it has in the past. What are your thoughts on mean reversion?

    There will be a reversion to the mean. We are in a very difficult and challenging time for active managers, and in particular, value style managers. Many of these managers are fighting for their economic lives.

    Given that I am no longer involved professionally in managing money, I believe the standards in the industry are being compromised; monetary policy has so totally distorted the capital markets. You are now into the eighth year of a period that is unprecedented in the likes of human history.

    The closest policy period to what we have now would have been between 1942 and 1951, when the Fed and Treasury had an accord to keep interest rates low. Interest rates were artificially held lower to help finance the World War II effort. With the renewal of inflation after the war, a policy war developed between the Treasury and the Fed on the continuation of a low interest rate policy. The Treasury-Fed of 1951 brought this period to a close. But that is the only time we’ve had a period of nine years of manipulated, price-controlled interest rates.

    This was a historical policy I discussed with my colleagues upon my return from sabbatical in 2011: what could unfold were controlled, manipulated and distorted pricing that could disrupt the normal functioning of the capital markets. The historical cycles that Jeremy would be referring to that entailed a reversion to the mean could be distorted, for a period of time, by this type of monetary policy action.

    But I do not believe the economic laws of gravity have been permanently changed.

    read more.

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July 1, 2017 Posted by | Economics | , , , , , , , , , , , | Comments Off on Bob Rodriguez: We are Witnessing the Development of a “Perfect Storm”

Central Banks Are Now Colluding With Each Other To Trigger The Collapse?

  • Published on Jun 29, 2017
    Get economic collapse news throughout the day visit http://x22report.com

    Moody’s warns that the private label credit cards are going to be in trouble as more and more retail stores close. Q1 GDP was revised to an incredible 1.4. What made GDP surge, the spending on recreational vehicles. Banks begin to buy back there own stocks, this is not going to help the economy. The Treasury will run out of money by mid-October. Fed Ballard says the Fed has lost control of the market. Traders are worried about what Yellen says. The central banks are working with each to crash the system. 

http://www.wnd.com/2008/03/59405/

Click on image for article.

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June 30, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

Worst Crash In Our Lifetime Coming – Jim Rogers

  • Worst Crash In Our Lifetime Coming – Jim Rogers
    by Mark O’Byrne, http://www.goldcore.com/us/
    Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of “The Bottom Line.” Rogers predicts a market crash “later this year or next …. write it down.” Rogers say the crash will rival anything he has seen in his lifetime.

    Here is a transcript of the Business Insider video:
    Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then you do that. So what is going to be with respect to the stock market? What’s going to happen?


    Rogers: 
    I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise I’ll be broke — dead broke. 
    Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s going to collapse, and you should be very worried. But, Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.

    Blodget: 
    Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. 
    So when is this going to happen?

    Rogers: 
    Later this year or next.
    Blodget: Later this year or next?
    Rogers: Yeah, yeah, yeah. Write it down.
    Blodget: And what will trigger it?
    Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that.  Always happens where we’re not looking.

    read more.

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June 27, 2017 Posted by | Economics | , , , , , , | Comments Off on Worst Crash In Our Lifetime Coming – Jim Rogers

The Trump Era And The Outlook On Gold’s Performance – Bill Holter Interview

  • Published on Jun 18, 2017
    Bill Holter from JSmineset.com is here to give us and in-depth analysis on the current outlook on the Gold markets and the Trump era, we also discuss the relationship between Bitcoin and Gold and the best techniques to preserve your wealth. Importantly covered today is the possibility of a system shut down and what to expect if the Banks and Government go into a situation where public servants cannot be paid for work.


    TOPICS IN THIS INTERVIEW:
    01:50 The Trump era and Gold’s outlook
    05:40 Bitcoin’s a rival to Gold or an ally?
    07:20 Millennials a threat to the centralized establishment
    13:20 Can the President defeat the Deep State?
    17:05 How you should secure your wealth safely?
    21:20 FED Hike and China
    25:50 Credit shuts down the system could crash!

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June 23, 2017 Posted by | Economics | , , , , , , , , | Comments Off on The Trump Era And The Outlook On Gold’s Performance – Bill Holter Interview

Are Central Banks Getting Ready to Crash the System Again?

  • Are Central Banks Getting Ready to Crash the System Again?
    by Phoenix Capital, http://www.zerohedge.com/
    While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT up.(chart top of post)

    Wait, it gets worse. The Citi Surprise Index has collapsed to levels not seen since 2011.

    read more.

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June 21, 2017 Posted by | Economics | , , , , , , , | Comments Off on Are Central Banks Getting Ready to Crash the System Again?

Michael Pento: Federal Reserve Is Hiking Interest Rates into a Depression

  • Published on Jun 17, 2017
    Jason Burack of Wall St for Main St interviewed returning guest, author and President & Founder of Pento Portfolio Strategies http://www.pentoport.com/, Michael Pento.


    Michael’s book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market is available here on Amazon https://www.amazon.com/The-Coming-Bon… or on Audible audio book.

    Michael is a follower of the Austrian School of Economics or free market school of economics and he’s also worked in the financial industry for many years as a trader and Chief Economist.

    Due to technical problems with Skype and scheduling conflicts this interview was originally recorded on Tuesday, the call was dropped after about 14 minutes and a continuation of the interview (after the Fed’s decision to hike rates another 25 basis points later in the week) has not been able to be rescheduled yet.

    During this shortened interview, Michael talks about the Federal Reserve ignoring reality, looking at phony jobs numbers and continuing to hike interest rates into a worsening depression.

    Michael thinks the bond bear market may temporarily get a relief rally if the stock market crashes in the near future as capital temporarily goes into US Dollars and US Treasuries for liquidity purposes but a long term bear market in bonds has only just started.

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June 19, 2017 Posted by | Economics | , , , , , , , , , , | Comments Off on Michael Pento: Federal Reserve Is Hiking Interest Rates into a Depression

Jim Rogers Expects the Worst Crash in Our Lifetime is Coming

  • Published on Jun 8, 2017
    Henry Blodget examines market valuations and the dismal expected returns that go along with them. Jim Rogers says the market will crash in the next few years and calls the Fed clueless.


    Henry Blodget dives deep into two charts from John Hussman. Based on many different market valuation measures, stocks are extremely expensive. Blodget does point out that stocks can always get more expensive in the short term. However, the expected long-term return on a portfolio of stocks, bonds, and cash is very low based on these valuation levels.

    An interview with legendary investor Jim Rogers. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. He also goes after the Fed. Rogers says the Fed is clueless and is setting the US up for disaster. Rogers likes investing in depressed markets. Rogers says its just like your parents taught you… “Buy low and sell high. Don’t buy high and hope it goes higher.” He is investing in China, Russia, Japan and agriculture. All these markets are depressed. Unlike the US which is at an all-time high. Though Rogers says the most important thing is to invest in what you know.

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June 10, 2017 Posted by | Economics | , , , , , , , , , , , | Comments Off on Jim Rogers Expects the Worst Crash in Our Lifetime is Coming

Charles Nenner: Our Systems Predict DOW DOWN 75%!

June 6, 2017 Posted by | Economics | , , , | Comments Off on Charles Nenner: Our Systems Predict DOW DOWN 75%!

When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter

June 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Comments Off on When The Crisis Hits,Financial Markets Will Shutdown Throughout 80%-90% Of The World: Bill Holter

Charles Nenner: Next World War Starts in Asia. Suicidal to Stay in this Market

  • Charles Nenner: Next World War Starts in Asia. Suicidal to Stay in this Market 
    by Greg Hunter’s USAWatchdog.com
    Renowned financial and geopolitical analyst Charles Nenner is doubling down on his prediction last year that the financial markets will crash in the fall of 2017. Nenner says, “People not positioned correctly may lose everything.”  Nenner points out, “We all know they say the market goes up 8% on a yearly basis.  That’s based on the fact if I draw a line through the markets, it shows 8%.  I don’t think anybody realizes how much we are above the line.  In order to get back to 8%, we have to go much below the line . . . So, it’s total nonsense to say we go up 8% a year when we are already 40% to 50% above that trend line that averages 8%. This is almost the longest bull market in history.”


    Now, Nenner has additional research that backs up his position, and it involves the number 7. Nenner explains, “You go to my research that goes back to the 1800’s, 1900’s and 2000’s.  Go back a little, and you will see the market topped in 2017.  The next year was 2007, which was clearly a high.  If you go back to the next year that ends in 7, which was 1997, that was clearly a high.  1987 everybody knows about that, and I don’t have to go into it.  Then go to ‘77 and ‘67, ‘57, ‘47 and ‘37.  1929 was a little aberration, it should have been ‘27.  I still hold because it continued up and didn’t come down.  That’s why they had the huge crash (in 1929) . . . . Based on the past, the future repeats.  You have major correlation with major tops that are in years ending with a 7.  If you are a reasonable person, you would say this is too much risk for me.  If you are a super gambler, you say this time is different. . . . My cycle tops in September or October of 2017.”

    Nenner says staying fully invested in this market is “suicidal,” and Nenner goes on to say, “I would advise people not to listen to people with all kinds of stories that this market is not dangerous. . . .This is the end of the bull market.”


    Nenner predicts a big rally in bonds and gold, but not until mid-2018. On gold, Nenner says, “We always have this price target of $2,500 per ounce.  If they reverse what Nixon did, the financial system will be so much under presser they will go back on the gold standard.  If you really calculate it, the price of gold today should be $30,000 per ounce.  For the moment, in our model, gold is a bit expensive.”

    On the “War Cycle,” Nenner, who is also an expert in both market and war cycles, says, “Wars come in cycles. It seems people have to have a certain amount of time so they forget how bad it was so they can start a new one. We talked about this a few years ago and said it’s not going to be the Middle East.  It’s going to be China and the islands.  In the aerospace industries in China, Japan, Vietnam and Korea, something is cooking over there.  I still think the whole thing is coming from there.  It’s just an accident that has to happen.”

    Nenner adds, “I don’t think there is really no clean way to get North Korea under control. I don’t think there is any clean way to keep the United States safe.”

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May 31, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off on Charles Nenner: Next World War Starts in Asia. Suicidal to Stay in this Market