Socio-Economics History Blog

Socio-Economics & History Commentary

James Rickards: Huge Inflation Coming With Coming Economic Meltdown! Money Riots Possible in Next Economic Crash

  • James Rickards: Huge Inflation Coming With Coming Economic Meltdown! Money Riots Possible in Next Economic Crash
    by Greg Hunter’s USAWatchdog.com
    Three time best-selling author James Rickards says the next economic crash will lock you out of your money. Rickards has a new book titled “The Road To Ruin.”  Rickards paints a scary possible scenario for what is coming and contends, “The global elites have a secret plan for the next financial crisis.” Rickards goes on to explain, “They are going to lock down the system when the crisis hits.  In 1998, everybody wanted their money back, and they printed the money.  In 2008, everybody wanted their money back, and they printed the money.  In 2018 or sooner, everyone is going to want their money back, but they are not going to print the money.  They are going to tell you that can’t have it.  They are going to lock down the system and close the banks.  Money market funds are going to suspend redemptions.  Stock exchanges are going to be closed, and they’ll say it’s ‘temporary.’  That’s what Nixon said when he closed the gold window in 1971. . . . They will do it to buy time until they can flood the market with SDR’s (Special Drawing Rights IMF currency).”


    So, do we get inflation or deflation in the upcoming economic crash? Rickards says, “You might get some deflation first, but I don’t expect that because central banks are trying so hard to cause inflation.  The natural state of the world is deflation right now. . . . But governments can’t have deflation, it destroys the tax base. . . . So, you have natural deflation and policy inflation, and they are pushing together.  It’s an unstable equilibrium, and at some point, it is going to snap one way or another.  If it is deflationary, and I don’t expect this, the policy will be even more money printing. . . . As far as the SDR’s are concerned, it will certainly be inflationary. . . . You may not be able to save the world, but you can save yourself and family by getting into some assets that will stand this inflation and be non-digital.  Any digital money can be locked down with a few key strokes. Non-digital money such as gold, silver, fine art, land, natural resources, water and there is a long list of things . . . those are the things that are going to last. . . . The other point I make is that when this happens, it will happen very quickly. . . . You won’t know it in advance, and the stock market will be closed when you decide to get out of the stock market.  You may not be able to get gold.  Right now, you can get it . . . but in a panic when it’s going up $100 per ounce per day, you’ll be watching the price go up, but you won’t be able to get it.”

    read more.

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November 1, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Deutsche Bank WARNING: Fears ‘Robot Traders Will Trigger GLOBAL CRASH’ on THURSDAY

breaking-get_ready_for_the_collapse_of_deutschebank

  • Deutsche Bank WARNING: Fears ‘Robot Traders Will Trigger GLOBAL CRASH’ on THURSDAY
    by SIOBHAN MCFADYEN, http://www.express.co.uk/ 
    EXCLUSIVE: THE FUTURE of Deutsche Bank could be decided on Thursday when bosses release its third quarter results, warn experts.

    The news could spark a sell-off contagion that could lead to another global financialmeltdown and a bail out by Angela Merkel’s government despite her opposition to German state intervention.

    Analysts are warning that ultra high frequency trades triggered by machines could lead to a perfect storm and could have serious knock-on effects for other banks exposed to the firm’s risky assets book.

    Germany’s largest lender has been hit by unprecedented sell-offs losing 52 per cent of its value in just a year and is struggling to ward off its crisis. The bank has announced massive job cuts ahead of a £11.4billion fine from the US Justice Department. And it has been muted that up to 5,000 jobs could go in America alone. Now investors, including their biggest stakeholder Qatar, are said to be on edge as they get set to reveal their latest financial data.

    Sources say hedge funds are sharpening their claws to make a killing at any cost. Academic Dean at London Academy of Trading, Paddy Osborn,  said: “It’s the high tech hedge funds who will do it. “Those guys are putting in maybe 50,000 orders into the market every second and they get a very low trade to order ratio, maybe only 20 to 30 get executed in a second and then they all get cancelled and then they put another 50,000 in the next second, it’s not something a human being could do.

    “The orders are triggered by the movement in the price, so a lot of them are speculating in a trend following type strategy, so if the price starts to move in one direction they want to take a position in that direction.

    “It’s a simple strategy but it’s very, very fast, so if you trigger one order that pushes a price a bit low then that could trigger another and another and that’s what caused the flash crash in 2010, and I think it probably contributed to the one we saw last year as well after China spluttered a bit.

    “In the US only two per cent of institutions who are trading equities use algorithms but nearly three quarters of the volume is innovated by this two per cent of companies in terms of the number of trades.”

    read more.

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October 26, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

The Next Crash Is Going To Be Devastating And People Will Lose Their Pensions: Mike Maloney

October 20, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Rob Kirby: World War to Cover Up Reason for Collapsing Financial System. All Paper Asset Will Burn

  • Rob Kirby: World War to Cover Up Reason for Collapsing Financial System. All Paper Asset Will Burn
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Macroeconomic analyst Rob Kirby has wealthy global connections. He says forget about the recent takedown in precious metals because his sources don’t think anything paper will survive the upcoming financial meltdown.  Kirby explains, “The commentary that I get from people with much higher pay grades than me is that, in the end, the only thing that will stand is physical metal gold and silver. They say all paper will burn.” Kirby goes on to confirm that “stocks, bonds and pensions” will be toast.

    When is this going to happen is the trillion dollar question. HSBC just put out a “red alert” to its clients of a “severe fall” coming for stocks.  How does Kirby view this type of dire warning from a big bank?  Kirby thinks, “They want to try and position themselves so they can say hey, we warned you.  They can say we knew it was coming because anybody with a brain could see it was coming.  They can say they were trying to alert people.  Basically, they are trying to sanitize their image before the inevitable occurs.”

    Kirby says the battle that is going on in this election cycle is much deeper than a contest of political parties. Kirby explains, “The battle that we see being conducted in America right now is not a Republican vs. Democrat fiasco at all. It is criminality against the good guys. Maybe you call it the globalists against the nationalists or human against anti-human.  This circus that is being played out in a completely bought and paid for American media is taking on comic book type references.  I’ve seen more serious information being disseminated on Monty Python shows than what we are currently getting in the U.S. mainstream media (MSM). . . . It’s almost unbelievable that we are living this and watching it happen.”

    Kirby is most worried about global war to cover up a seriously troubled financial system. Kirby warns, “We’ve seen an awful lot of rumblings on the war front.  We recently saw Russia say there is a no-fly zone in Syria.  We have also seen bellicose remarks in return from the Obama Administration about preparedness for war.  I believe that the Royal Air Force (UK) has just been given permission to shoot down Russian planes.  Things don’t look good on that front.  In recent days, we have seen the Obama Administration say they are no longer going to talk to the Russians.  When you have a very loaded ammo hut, maybe the best course of action is not to enter the ammo hut with a flamethrower.”

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October 17, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Deutsche Bank’s Meteoric Crash Draws Closer, as Banks Brace for Impact

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

Please Assume Crash Positions

Global collapse, stock market crash dead ahead !

Global collapse, stock market crash dead ahead !

You know how to get into crash positions, correct? Here's your guide.

You know how to get into crash positions, correct? Here’s your guide.

  • Please Assume Crash Positions
    by CHARLES HUGH SMITH, http://charleshughsmith.blogspot.com/  
    That few believe Mr. Market can possibly stumble only increases the odds of a stumble.


    Very few punters expect a real downturn here in stocks. The reasons for confidence are many: the Fed has our back, buy the dip has worked great and will continue to work great, the Fed won’t raise rates until December (if ever), the Powers That Be will keep the market aloft lest a plunging market upset the election of the status quo candidate, and so on.

    This confidence that the market will be on cruise control into the November post-election rally is the ideal set-up for a crash to SPX 1,850.
     While we can argue technicals all day, the fact is gaps get filled, usually sooner rather than later. There are two big open gaps in the S&P 500 around 2.040 and 1,860 that have been begging to get filled for months.

    The question arises: after months of going unfilled, why not fill them now with a pleasantly unexpected little October crash? Technically, there are a couple of features that suggest the market would really, really like to plummet, if only the Plunge Protection Team would stand aside for a few days.

    The cliff and the gaps both beckon. That few believe Mr. Market can possibly stumble only increases the odds of a stumble. Hubris eventually has consequences.

    read more.
http://www.express.co.uk/finance/city/712178/World-set-for-crash-WORSE-than-2008-when-monster-debt-bubble-explodes-warns-investment-ex

Click on image for article.

http://www.express.co.uk/finance/personalfinance/675892/US-economy-recession-drag-down-UK

Click on image for article.

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October 13, 2016 Posted by | Economics | , , , , , , , , | Leave a comment

What We Are Looking At Is A Potential Domino Effect Meltdown Of The Entire System: Harley Schlanger

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

Bill Holter: Between Now & Election Extremely Dangerous! Deutsche Bank Walking Dead

  • Bill Holter: Between Now & Election Extremely Dangerous! Deutsche Bank Walking Dead
    by Greg Hunter’s USAWatchdog.com
    Financial writer Bill Holter says if you want to know how bad the global financial problems are in the world, start with Germany’s Deutsche Bank (DB). The problems keep mounting, and it’s been all downhill since June when the International Monetary Fund (IMF) deemed DB as the most systemically dangerous bank in the world.  Holter warns, “Deutsche Bank is dead.  It’s a walking dead institution. . . .Just the fact that there is a debate, whether or not there’s a problem, means they’re dead.  Once you start talking about a financial institution and whether or not they are solvent or not, it doesn’t matter.  The sharks are going to come into the water.”


    There is much more wrong than just the one global mega bank in trouble. Holter goes on to point out, “The markets need to be and pretty much have been locked down.  We’ve seen virtually zero volatility in the stock market, and even the credit markets have been nonvolatile for the last two or three months. The reason being when volatility picks up, then margin calls happen.  When you’ve got an illiquid system, you can’t allow margin calls to occur because margin calls can’t be met.”

    Holter, who has decades of financial and broker experience, circles back to DB that he estimates has a $15 billion market cap. This may seem like a lot of money, but Holter contends it is not much with trillions of dollars in derivative exposure.  Holter explains, “$15 billion would not even cover a 1% move in their book.  A 1% move would be something like $50 billion.  So, they (DB) are so undercapitalized that any type of margin call turns them upside down. Deutsche Bank is one of the biggest links in the derivatives chain.  If they break, the whole thing goes. . . . This is not a Bill Holter opinion.  This is math.”

    In the second Presidential debate, Donald Trump said his opponent Hillary Clinton“would be in jail” if he were President.  Holter contends, “I have been saying for months now, there is a better than a coin toss chance that we do not have an election.  During the debate, Trump basically said he’d have his Attorney General appoint a Special Prosecutor, and you (Clinton) are going to go to jail.  The problem is it’s not just Hillary.  It goes throughout all of Washington, and it includes both the Democrat and Republican Party.  If it looks like Trump is going to win, and he does not get assassinated, they may cancel the election by starting a war.”

    Holter closed by saying, “The conservatives are not going to be separated from the liberals. When this thing goes down, it’s going to be all the American people.  If this election gets stolen, all American people are going to be targeted.  We are all going to be destroyed. . . . Between now and the election is extremely, extremely dangerous.”

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

Catherine Austin Fitts: Controlled Demolition Coming — Not a Crash

  • Catherine Austin Fitts: Controlled Demolition Coming — Not a Crash
    by Greg Hunter’s USAWatchdog.com
    Renowned investment advisor Catherine Austin Fitts says there is $9.3 trillion missing from the Department of Defense in 2015 alone. Fitts explains, “This is a phenomenal number and a phenomenal amount of money.  This is the cut and run.  All this money has been disappearing from the federal government. . . . I’ve been demanding to know what banks and contractors are liable for the systems.  We are talking about transactions that are in violation of the Constitution and the laws related to financial management. . . . As I have described many times, they’re using financial securities fraud, both mortgage securities and, I believe, government securities to basically shift all the assets out (of the country). I think you’ve got a game going on, and the Fed is accommodating all sorts of securities fraud.  Then, the money is being pulled out in a variety of ways.”


    Fitts calls what is happening a “financial coup d’état.” Fitts contends nobody understands how the bankers are sucking money in the trillions of dollars out of America because the main stream media is focused on trivial stories.  Fitts explains, “We’re all shrieking about how Clinton is a hologram or Clinton died on 9/11, and nobody notices trillions of dollars (are missing).  When Lockheed Martin give up the power position, essentially controlling the IT and payment systems at the Department of Defense, when they spin that out, they figure they have all the money they need to do this on a private basis, and they are ready to get the liabilities off their balance sheet. That’s a very bad sign. . . . What I have been watching in the cut and run is the leadership organizing and coming into what I would call a controlled demolition. So, it’s not a crash, it’s a controlled demolition. Now, the problem is people and factions start fighting, and you can get a crash.  So, that’s possible.  In the annual wrap-up, I am going to take the chances of a slow burn in 2016 and 2017 way down.  We are coming into what is potentially a very radical change. . . . The chances of this slow burn continuing are radically diminished.”

    In closing Fitts says, “We’re coming into a real crunch. It’s either war, depopulation or change.  Now, I am for change.  I’ll use my old Tina Turner quote, ‘We can do this nice or rough.”  There is a way to do this nice, but it’s going to require all of us growing up and taking responsibility and we are going to have to change.”
Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

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

Mike Maloney: Worst Crash of All Coming! Gold and Silver Will Take a Moon Shot in Next War

  • Mike Maloney: Worst Crash of All Coming! Gold and Silver Will Take a Moon Shot in Next War
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Gold and silver expert Mike Maloney has been producing an internet series called “The Hidden Secrets of Money.” His latest is episode seven in this ongoing series, and it gives a stark warning about “The USA’s Day of Reckoning.” Maloney explains, “Watch episode seven if you want to see the future.  I was very accurate in predicting the crash of 2008 and the consequences of it.  I believe the rest of my predictions that did not come true have not come true—yet.  They are about to.  Episode seven is the USA’s day of reckoning. . . . It’s going to be devastating for most people. . . . I believe there is going to be an enormous wealth transfer. It is up to every individual whether that wealth is transferred away from them or towards them.  Sometimes the wealth transfer goes from 100 people to one or 1,000 people to one.  This time, it’s going to be hundreds of thousands to one.  There are going to be very few big winners and a whole lot of losers.”


    The biggest problem? Maloney says it’s debt, and lots of it.  Maloney contends, “The world is awash in debt.  The first crash in 2000 was a stock market crash.  In 2007 and 2008, we had a stock market and real estate crash and implosion.  In 2016 or 2017, we are going to be having stocks, real estate and bonds all crashing because this is a perfect convergence.  Ben Bernanke created an extra 400% of base currency to the money supply.  This crash is going to be deflationary, and it will be true deflation.  That is because of the psychology behind it. . . .  Our monetary system cannot stand deflation.  If you go into deflation, it is possible for the currency supply to go into a deflationary implosion. . . .  The entire world always has to go deeper and deeper and deeper into debt to keep this Ponzi scheme of a monetary system going.  If we don’t, it implodes. . . . This next crash is going to be devastating because it will be stocks, real estate and bonds (all at the same time).  This is going to be the worst crash of all.”

    On gold and silver and its recent take down? Maloney says don’t worry, precious metals prices are going higher, much higher.  Maloney says, “Gold is real money, and it has stored value throughout the centuries.  Silver is also real money, and it is the money of the common man.  Silver has been used in more transactions that any other medium of exchange throughout history.  I expect if we get into a major war, you are going to see gold and silver take a moon shot.  One of the things that some commentators have said is this will unfold very slowly until the day that it doesn’t.  Then it’s going to happen very fast.  I believe that is one of the things that we are in for.  You are going to see gold just take off and not look back, and silver is going with it.  Also, silver will most likely outperform gold by quite a factor.”

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October 11, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

US Attack on Deutsche Bank ‘Attempt to Destabilize Global Financial System’

https://sputniknews.com/world/20161007/1046088040/us-eu-deutsche-bank.html

Click on image for article.

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

Rob Kirby: Any of These Triggers Can Cause Global Financial Meltdown. You’ll Wish You Had Prepared

  • Published on Oct 5, 2016
    Europe’s largest bank, Deutsche Bank, is on the ropes and Germany vowing not to bail it out. Like the Lehman 2008 collapse, will Deutsche Bank’s derivative web pull down the rest of Europe and the world’s banking system with it? Proprietary precious metals and markets analyst Rob Kirby also weighs in on which nation have accumulated the critical mass of gold to emerge as global leaders after the looming crisis. Kirby updates his views on the U.S. Presidential race and what it reveals about the epic struggle of globalist powers vs. the sovereignty of nations unfolding before our eyes!


    IN THIS INTERVIEW:
    * Deutsche Bank failing, can’t pay its fines, Germany won’t bail it out.
      “As goes Deutsche Bank, so goes Europe & the rest of the world”?
    * Germany is pivoting towards the East, US is sending a message in return.
    * Banks are highly interconnected: difference between DB & Top 5 American banks is mostly just who they report to.
    * US Banks under Fed, US regulators allow unsavory behavior in the name of national security.
    * US picking a war in Syria – going up against Putin, not in the interest of American people, who’s pulling the strings? Only serving globalist cause.
    * Globalists: eugenics, reduce human population, one world government, contempt for humanity.
    * Nationalism manifesting itself in the Brexit, groundswell of support for Donald Trump.
    * Even hearing globalism in the mainstream press!
    * Who’s got the gold? Before and after 2008 collapse, central banks went from not accumulating gold to rapidly accumulating gold, especially China and Russia. Whatever the trigger for an economic reset, what difference will it make which.
    * Overriding of Obama veto on 9/11 victims’ rights bill is a tipping point. This is the first time Obama veto has been overturned by both House & Senate.
    * 28-pages of 9/11 Commission report indicated Saudi financing.
    * Saudis have warned US that they may start selling oil not is US dollars.
    * Wikileaks dump may be a game-changer.
    * The current US Political and media circus is an insult to the office of the Presidency, and to the good people of the United States.
    * Regardless of where the system will come apart, what can the ordinary person do to take care of themselves and their family?
    * The volcano is rumbling, spewing ash and steam.. We are very close to a life-changing upset in our capital markets.. Don’t move closer, back away and take basic steps:

    Precious metals, arable land, stored for and water, home protection, relationships with other like-minded people in community, get your spiritual life in order – rather than relying on materialism or entertainment distractions. Do it now!

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October 7, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

It’s Here, & It’s NOW. Bill Holter Warns The Unwind (Global Collapse) Is Going to Be VERY FAST

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October 6, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Options Market Predicts Deutsche Bank Stock Will CRASH! Bank Holiday and Capital Controls!

October 4, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Deutsche Bank And The Global Financial Crisis

breaking-get_ready_for_the_collapse_of_deutschebank

  • Deutsche Bank And The Global Financial Crisis
    by Nick Beams, http://www.wsws.org/  
    Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling and intersecting with economic and political tensions between the major powers. These geo-political conflicts are, in turn, intensifying the financial crisis.

    The financial position of Deutsche Bank has been of concern for a number of years, with the International Monetary Fund saying last June that it appeared to be “the most important net contributor to systemic risks in the global financial system.” But the immediate cause of the present crisis was political.

    After a protracted investigation, the US Department of Justice moved last month to impose a $14 billion penalty on Deutsche Bank for fraudulent practices in relation to the US sub-prime mortgage market in the lead-up to the 2008 crisis. Both the substance of this decision and the circumstances surrounding it indicate that it was a calculated move to hit Germany’s only major international bank.

    The decision was leaked to the Wall Street Journal,rather than being discussed behind closed doors so that a private settlement could be reached. It emerged in the midst of rising tensions between the US and the European Union, particularly with Germany.

    Following the EU decision to hit Apple with a €13 billion back tax bill—a step that met with trenchant criticism from US government and corporate circles—the Justice Department move in relation to Deutsche Bank was widely regarded in European circles as payback. Tensions over the Apple penalty and its implications for US investment and profit-making in Europe had been compounded by the virtual scuttling of the US-sponsored Trans-Atlantic Trade and Investment Partnership by Germany and France.

    The Deutsche Bank share plunge was halted on Friday, at least for now, on the back of news that the US was prepared to lower its fine to $5.4 billion. This, however, will prove at most to be a short-lived ceasefire in an ongoing economic and financial war.

    read more.

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October 4, 2016 Posted by | Economics | , , , , , , , , , , , , | Leave a comment