Socio-Economics History Blog

Socio-Economics & History Commentary

Prepare for ‘PERFECT STORM’ That Will Obliterate Stocks: Economist’s Terrifying Warning

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Global economic, financial and currency collapse approaching rapidly. Click on image for article.

Western MSM blaming the Chinese for the looming global collapse. Click on image for article.

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

Unprecedented: USD to Crash, Gold to Rise, Central Banks Buying Stocks – Don Durrett Interview

  • Published on Sep 11, 2016
    Gold & Silver Prices to Skyrocket in 2016.

    In this interview Don goes all out on hammering through the worlds current economic problems and just how upside down everything is with world central banks buying stocks. He makes some interesting predictions toward the end like gold’s potential to shoot up when it reaches $1,450, the US dollar to begin to to fall THIS YEAR, and the FED to not raise rates in Sep but more likely at the end of the year.

    01:30 Gold’s Significant Support Level at $1,310 
    03:30 Gold to new All-time High after $1,450 Breaks 
    05:30 September as Best performing month in gold 
    07:15 Economy is Crumbling: Don notes various stats 
    11:40 S&P 500 Looking like a Bubble: Setting up for Pop 
    14:10 Government Overwhelming Debt, Low Interest Rates 
    15:40 Central Banks of the World Buying Stocks 
    17:45 US Is Dying as a Country: Economic Politics 
    20:30 Currencies vs Gold 
    24:10 Final Thoughts: Oil Surplus = Price Stall 
    25:20 BREXIT, Italy to Vote on Exit 
    26:45 Interest Rate Trape: NIRP highly destructive 
    27:50 No Rate Hike in Sept, maybe later, Dollar to fall 


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

Will Deutsche Bank Collapse The Global Market?

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  • Will Deutsche Bank Collapse The Global Market?
    by Clif Droke, Gold Strategies Review,  
    The past year has seen its fair share of worries.  From the China slowdown to the Brexit, successive waves of overseas fear have rolled onto our shores since 2015, yet none of them were the Tsunamis the bears had predicted.

    The latest foreign fear concerns the possibility for a global credit crisis led by the collapse of a major international bank.  A simplified summary of this scenario goes something like this:  Deutsche Bank is on the brink of bankruptcy and its insolvency could spark a systemic European banking crash.  This in its turn could send shockwaves throughout the global financial system, resulting in widespread economic turmoil on par with the previous worldwide crisis.

    Commentators who favor this outlook tend to illustrate their dire predictions with a graph of Deutsche Bank’s stock performance since last year.  It certainly adds a spark of credence to their argument based solely on the depth of the stock’s plunge. 

    Could a Deutsche Bank collapse serve as the catalyst for a 2008-type global credit storm? When analyzing this question one must be very careful from making dogmatic statements since no one (especially an outsider to the international banking industry) can possibly know all the variables involved.  There are, however, some guidelines that can help us understand the position of the broad market vis-à-vis the effects of an ailing global institution.   These guidelines should allow us to at least handicap the odds of a global financial meltdown.

    One important guideline is the underlying strength and internal health of the financial market, notably the U.S. equity market.  In the months prior to the 2008 credit crash the U.S. stock market was exceedingly weak as evidenced by the sustained decline in NYSE internal momentum.  In fact, this is what the longer-term internal momentum indicator for the NYSE broad market looked like just prior to the 2008 collapse.

    read more.

Is the physical gold still there? Click on image for article.

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September 12, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Bill Holter: Economic World War III & $50,000 Gold

  • Published on Sep 9, 2016

    – Economic World War III ►0:49 
    – Will the “rigged” system survive the economic war? ►4:40 
    – Stock market crash before election ►7:24 
    – Can you thrive during the collapse? ►11:59 
    – Precious metal breakout ahead ►13:32 
    – Is it too late to buy gold? ►16:43 


September 10, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Central Banks Are Printing Money To Accumulate Precious Metals By Stealth

  • Published on Sep 9, 2016
    Germany’s economy is slowing, exports showed there biggest decrease. BLS just revised away 150,000 jobs, they don’t exist anymore. The tax payers might have to pick up the student loan tab of ITT. Real Estate is turning down around the world. Its game over for the ECB. Countries are now beginning to print money and purchase precious metals by stealth. Economist are now predicting an 80% stock market drop.


September 10, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Brace For “VaR Shock” – How The Bank Of Japan May Be About To Unleash A Global Selloff


  • Brace For “VaR Shock” – How The Bank Of Japan May Be About To Unleash A Global Selloff
    by Tyler Durden,  
    As we pointed out recently, Japan has been quietly undergoing a mini bond tantrum as over the past two months, its sovereign debt suffered the worst rout in 13 years, handing investors bigger losses over the past two months than any other government bonds, amid speculation the Bank of Japan plans to change its asset-purchase strategy.

    The selloff started in late July, around the time the time the BOJ disappointed with its latest announcement, and accelerated on fears that as part of its “comprehensive assessment” of its policies, the central bank would set back the BOJ’s monetary easing stance.

    He concluded by saying that from financial institutions’ recent move to purchase super-long-term bonds in pursuit of tiny positive yield, “I detect a vulnerability similar to that seen before the so-called VaR (Value at Risk) shock in 2003.” 

    read more.



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

The Mother Of All Bubbles, When The Debt Bubble Pops It Will Be Sudden And Rapid: Chris Martenson

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

Major Bank Official: Banks Are “Preparing for an Economic Nuclear Winter”


  • Major Bank Official: Banks Are “Preparing for an Economic Nuclear Winter”
    by Matt Agorist,  
    After years of giveaways to megabanks, marketed to the taxpayers as ‘quantitative easing,’ the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse.

    In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free fall.

    “The consequences will not be minor. Surprises will be many, since we are in uncertain waters and the world has never faced the gross misallocation of capital that exists today. The process is self-limiting. It will come to an end, and it’s not going to be far into the future.”

    Now, as chaos in the EU and weak corporate earnings create a tornado of uncertainty, banks are preparing for the worst. According to CNBC quoting a major lender, banks are “preparing for an economic nuclear winter situation.”

    The chaos in the market has major bank officials running for the hills. According to CNBC, European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.

    On Sunday, speaking on the condition of anonymity due to the fact that revealing this information can get bankers killed, a source from a major investment bank told CNBC “that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.”

    “This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now,” the source said.

    This grim warning comes after the Royal Bank of Scotland has warned its investors of a “cataclysmic year.” In an eerily ominous note to its clients early this year, the megabank predicted another worst-case scenario.

    “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

    read more.

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September 2, 2016 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Bo Polny: Gold/Silver Rally to Explode into Hyperdrive September 2016!

  • Published on Aug 31, 2016 
    The Gold-Silver forecaster is back on our show, he may be our most popular guest ever. There’s definitely been strong moves up this year, some corresponding to his direct predictions and he’s calling next month, September, THE MONTH for the huge moves he’s been talking about for years.

    01:30 Bo’s Gold Bottom Call, Gold & Silver Market Intro
    02:40 Current Correction: Metal Price Manipulation, Final Pullback?
    06:30 $1,500 Next Gold Target
    07:45 Silver to Start Outperforming Gold Soon says Bo
    09:40 Why is Stock Market Reaching Highs? Megaphone Top
    12:30 All World Markets Topping, Gold to go Vertical
    16:20 Fed’s Delayed Rate Hike…Bond Yields Falling, Death of Dollar
    18:10 How Severe will this Crash be: Biblical Calculations
    19:20 Get out of Big Cities & Have some Food Storage
    19:50 How Mining Stocks will Fare in Predicted metals mega-rally?
    21:00 Get more from Bo Polny, final thoughts


September 2, 2016 Posted by | Economics | , , , , , , , , , , | Leave a comment

Bill Holter: Comparing This Gold Bull Market to Those of the Past Is Invalid

  • Published on Sep 1, 2016
    We are 7-8 years into a monetary experiment that has never been done before. In previous bull markets we weren’t looking at the potential end of the financial system as we know it. When central banks monetize, they destroy the currency. This is happening all over the world. 

    With world debt at least twice 2008 levels we are witnessing the dawn of a new system, and have been close to a collapse twice this year already. We now have central banks that are actually purchasing stocks. The monetization of stock markets is a factor in preventing the collapse.

    Central Banks have already printed the money, now it’s just a matter of when will the panic out of money and into real assets happen. Velocity is at it’s lowest ever, and once investors- or even the average public is afraid of holding currency and moves their currency into ‘stuff’, hyperinflation will begin. 

    When the stock market turns and control is lost, there may be a period of 1-4 weeks where gold goes down. After that we will see capital moving back into gold, and we should see a massive influx of capital into the mining shares which will take out the 2011 highs- perhaps by multiples.


September 2, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

QE, End of the Private Sector? Japanese Government Now Largest Shareholder of 474 Big Companies



BOJ Kuroda: “I am not so dumb after all! What a marvelous SCAM. I get to own corporate Japan with money out of thin air.”

  • Where did the BOJ get the money to buy up stocks when the Japanese government is bankrupt? By creating money out of thin air.
  • QE, End of the Private Sector? Japanese Government Now Largest Shareholder of 474 Big Companies
    by ,  
    The two biggest buyers of Japan Inc. are flying blind and don’t care.
    The Bank of Japan and the Government Pension Investment Fund (GPIF) have been buying stocks to inflate the market, create some kind of “wealth effect,” and bamboozle regular Japanese into pouring once again into stocks, after many of them lost a big chunk of their savings when the prior bubble imploded without ever recovering.

    In 2014, the GPIF – buckling under the pressure from the Abe administration – decided to plow about 25% (“±9%”) of its assets into Japanese stocks. With assets at the time of still about $1.4 trillion, 25% would amount to about $350 billion. So the fund has been buying a lot! And it has been a disaster! [Read…  Japan Mega-Pension Fund Dives into Stocks, Foreign Assets, Loses Shirt. People Not Amused]

    But even after Japanese stocks took a licking over the past year, the fund’s allocation to domestic equities is still 21%, so near its range and no longer a powerful buyer. But to make up for any holes left behind by the pension fund, the BOJ announced on July 28 that it would nearly double its annual purchases of equity ETFs to ¥6 trillion ($59 billion).

    The holdings of Japanese stocks by these two entities have nearly tripled over the past five fiscal years to about ¥39 trillion ($381 billion), according to The Nikkei. During that time, the Nikkei stock index soared 70%, “demonstrating their powerful support.”

    read more.


August 30, 2016 Posted by | Economics | , , , | Leave a comment

Banks Getting Ready for ‘Economic Nuclear Winter’

© Osman Karimov / Reuters

© Osman Karimov / Reuters

  • Banks Getting Ready for ‘Economic Nuclear Winter’
    Weak corporate earnings, a banking crisis, and the Brexit vote are forcing banks to prepare for the worst case scenario in the second half of the year. According to CNBC quoting a major lender, banks are “preparing for an economic nuclear winter situation.”

    “This could mean triggering Article 50, a referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now,” the source in the bank told the broadcaster.

    After the United Kingdom voted to leave the European Union in June, there have been talks a similar referendum may be held in France, the Netherlands and other countries.

    “Markets hate uncertainty and the events this year have unfortunately created a lot of mystery around what is going to happen next,”
    the source added.

    Shares in the biggest banks have been plummeting. Deutsche Bank has lost almost 45 percent, Credit Suisse has lost 41 percent and the Royal Bank of Scotland went down 35 percent in 2016. Uncertainty and volatility has been spotted in all areas of the economy from mining to car production.

    By far, Brexit has been the biggest uncertainty on the global financial agenda, but analysts urge companies to keep on working despite the unclear future and make steps to “de-risking and simplifying their businesses.”

    “I think the main problem for the second half of the year is the uncertainty caused by Brexit, though that’s likely to persist for two years or more, so I suspect companies are likely to roll up their sleeves and get on with their business,”
    Laith Khalaf, senior analyst at Hargreaves Lansdown told CNBC.


August 29, 2016 Posted by | Economics | , , , , , , , | Leave a comment

Bank of Japan Prepares for Crash Triggered by Fed Tightening


  • Bank of Japan Prepares for Crash Triggered by Fed Tightening
    by ,  
    Building up a big pile of dry powder.
    No central bank of a developed country equals the Bank of Japan in trying to manipulate the stock market up by buying equities. The BOJ has done this for years. With breath-taking ineffectiveness.

    So on July 28, the BOJ announced another stock market pump-up scheme: it would nearly double its annual purchases of equity ETFs from about ¥3.3 trillion to ¥6 trillion ($60 billion).

    Hedge funds and other speculators expected for the BOJ to instantly throw its weight around in the stock market, and hopes were riding high that the Nikkei would surge, or at least rise in a visible manner. Alas, on Friday in Tokyo, the Nikkei dropped to 16,361, down a smidgen from where it had been on July 28.

    The debacle was right in line with the BOJ’s prior stock-market pump-up schemes. While it managed with its negative interest rate policy to totally kill off all money market funds in Japan,with the last 11 shuttering earlier this year, and while it managed with its gigantic purchases of Japanese Government Bonds to completely freeze up the JGB market, the BOJ has failed to accomplish much of anything in the stock market. The Nikkei stock index is down 21% from its recent peak in June last year, and is down 57% from its all-time peak in 1989.

    But nearly doubling the ETF purchases should have done something. So why did the highly anticipated pump-up-scheme rally flop?

    Now an answer is seeping to the surface. It seems the BOJ is worried about a stock market crash, triggered by Fed tightening, and has decided to keep its power dry to be able to put a floor under plunging stocks later this year.

    read more.



August 27, 2016 Posted by | Economics | , , , | Leave a comment

Gerald Celente Predicts: Giant Fraud Economy Crashes Before End of 2016! Trump Wins White House

  • Gerald Celente Predicts: Giant Fraud Economy Crashes Before End of 2016! Trump Wins White House
    by Greg Hunter’s
    Trends forecaster Gerald Celente has been predicting a financial panic in 2016. How close are we?  Celente says, “I believe we are very near an inflection point coming up very soon. . . . I would have thought this would have happened back in 2012; however, there has never been such a thing as quantitative easing.  There has never been such a thing as zero interest rate policy and negative interest rate policy.  We make forecasts based on information that used to be, but now we have things that never were.  . . . I was never taught that central banks could take over the economy as it is now.  This is not capitalism.  Capitalism is dead–it’s now bankism.  The only thing that is keeping this up is a giant fraud.  October is usually the killer month. . . . I believe the crash will happen before the end of the year, and it almost happened with Brexit.

    Celente also predicts, “All this cheap money is building bigger bubbles. When this bubble bursts, it will be the worst one in modern history.  It will be far worse than the crash of 1929 because this is truly global, and it’s truly inflated with fake money.  It’s backed by nothing.  It’s printed on nothing.  It’s digital zeros.”

    On gold, Celente says, “Why would I want cheap money that is being devalued and backed by nothing? The way we see it is if the Fed raises rates at all, it will be after the election.  Go back to last December.  The Fed said they would raise rates four times in 2016.  Here it is in the third quarter, and the Fed has not raised rates once . . . The world cannot take more expensive money.  You can only keep Ponzi alive with cheap dough.  That’s why we think gold is going to spike when it goes well over $1,400 (per ounce).  We believe it’s going to spike to $2,000 per ounce, and it’s going to be a quick hit up.  Nothing goes straight up, of course.  When you adjust gold for inflation, gold never hit the peak that it hit when it hit $850 in 1980.”

    read more.


August 25, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

CLSA: “The Bank Of Japan Has Nationalized The Japanese Stock Market”

BOJ_the ETF_whale


  • Illuminist central banksters create money out of thin air and buy up the world. What a marvellous SCAM. Imagine owning the Japanese stock market with money created out of nothing! And its perfectly legal.
  • CLSA: “The Bank Of Japan Has Nationalized The Japanese Stock Market”
    by Tyler Durden,  
    Following the recent announcement by the BOJ that it would double its ETF purchases to ¥6 trillion, or $58 billion, up from the current ¥3.3 trillion, which is the equivalent to the Fed purchasing $580 billion in ETFs over the next two years, we noted that according to a Bloomberg analysis this would make the Bank of Japan the top shareholder of 55 companies by the end of 2017.

    It should, therefore, come as no surprise that as CLSA’s NIcholas Smith wrote in a research report, the “BOJ is nationalizing the stock market” because that is precisely what it is doing with every incremental intervention in the stock market.

    read more.


August 24, 2016 Posted by | Economics | , , , , , , , , | Leave a comment