Socio-Economics History Blog

Socio-Economics & History Commentary

Albert Edwards: “Let Me Tell You How This All Ends”

Global economic, financial and currency hegemony of the west about to be sunk like the Titanic!

Global economic, financial and currency hegemony of the west about to be sunk like the Titanic!

  • Albert Edwards: “Let Me Tell You How This All Ends”
    by Tyler Durden, http://www.zerohedge.com  
    The dollar’s recent rapid slide has been accompanied by a constant backdrop of dovish cooing from the Fed. Until this week, SocGen’s Albert Edwards notes that both equity and commodity markets had embraced the weak dollar as the elixir to solve all their ills. That relief, however, has now proved fleeting as fear of weak economic activity has reasserted its influence on investors.The weak dollar, Edwards warns, should be seen as merely a shuffling of deckchairs on the Titanic before the global economy sinks below the icy waves.

    Risk assets are once again refocusing on the increasingly dismal prospects for global growth rather than the short-term relief of dollar weakness, 
    according to SocGen’s inimitable Albert Edwards. The US remains the main concern, although the rapid unravelling of Abenomics in Japan and a likely imminent tightening of monetary policy in China to snuff out yet another housing bubble in the major cities also feature high on investors’ worry list. 


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

For Stan Druckenmiller This Is “The Endgame” – His Full ‘Apocalyptic’ Presentation

Remember the Golden Rule: "He who has the gold Rules!"

(Stanley Druckenmiller) .. suggested that everyone should liquidate their equity holdings and buy a certain 5000 year old shiny asset, which as we reported earlier this week, is Druckenmiller’s ‘largest currency allocation.’ ” Remember the Golden Rule: “He who has the gold Rules!”

  • For Stan Druckenmiller This Is “The Endgame” – His Full ‘Apocalyptic’ Presentation
    by Tyler Durden, http://www.zerohedge.com 
    Several days ago, hedge fund legend Stan Druckenmiller spoke at the Sohn Conference, delivering what may have been his most bearish fire and brimstone sermon yet, and in fact according to some buysiders who were present, its somber mood and lack of faux optimism was downright apocalyptic. And how can it not be when Druckenmiller said that while the Fed and policymakers have no endgame, markets do – hinting that one is rapidly approaching – and suggested that everyone should liquidate their equity holdings and buy a certain 5000 year old shiny asset, which as we reported earlier this week, is Druckenmiller’s “largest currency allocation.” 

    And just so everyone can appreciate what is keeping up at night one of the most illustrious investing minds of any generation (with a 30% average return from 1986 through 2010) below we repost his entire presentation delivered at the May 4 Sohn Conference, titled appropriately enough…
    * * *
    The Endgame
    When I started Duquesne in February of 1981, the risk free rate of return, 5 year treasuries, was 15%. Real rates were close to 5%. We were setting up for one of the greatest bull markets in financial history as assets were priced incredibly cheaply to compete with risk free rates and Volcker’s brutal monetary squeeze forced much needed restructuring at the macro and micro level.
    ….
    By most objective measures, we are deep into the longest period ever of excessively easy monetary policies.

    Simply put, this is the biggest and longest dovish deviation from historical norms I have seen in my career. The Fed has borrowed more from future consumption than ever before.

    … most of the debt today has been used for financial engineering, not productive investments.

    I have argued that myopic policy makers have no end game, they stumble from one short term fiscal or monetary stimulus to the next, despite overwhelming evidence that they only produce an ephemeral sugar high and grow unproductive debt that impedes long term growth.

    The lack of progress and volatility in global equity markets the past year, which often precedes a major trend change, suggests that their risk/reward is negative without substantially lower prices and/or structural reform. Don’t hold your breath for the latter.While policymakers have no end game, markets do.

    On a final note, what was the one asset you did not want to own when I started Duquesne in 1981? Hint…it has traded for 5000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with the absurd notion of negative interest rates. Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation.

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

Jeff Berwick on the Collapse of the Current Societal Pardadigm: Gold, Dollar, Parenting & Anarchism

  • Published on May 2, 2016
    GUEST: http://DollarVigilante.comhttp://Anarchast.com 

    TOPICS IN THIS INTERVIEW:
    00:30 Introduction for Jeff Berwick
    01:50 Donald Trump & 2016 Election, Jeff thinks Hillary Clinton will Win
    05:00 What do Mexicans think of US Politics
    06:45 Gold, Death of US Dollar, Bitcoin and Federal Reserve Interest Rates
    10:00 What is the Dollar Vigilante most Worried about Right Now
    12:00 Parenting: Letting your Kid Learn to Read when he wants to
    16:50 Dan’s Personal Experience: To Spank or Not Spank

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May 4, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rogers: FedRes Pushing Us to Financial Catastrophe Worse Than 2008. On The Brink of Global War

  • Published on May 2, 2016
    Fed pushing us to financial catastrophe worse than 2008 – billionaire investor. Since the crash of 2008, the world economy seemed to be slowly getting back on track. However, more and more voices – among our guests as well – are warning the public about a looming cataclysm in the financial world. How damaging will the new collapse be? What is leading the world into a global turmoil? And when the flames rise up, is there going to be anyone this time to pull the international community away from the brink of global war? We ask a legend in the world of investment, a co-founder of Quantum Fund – Jim Rogers is on Sophie&Co today.
AlanGreenspan-How_The_FedRes_caused_the_1929_Great_Depression

Alan Greenspan: How The FedRes caused the 1929 Great Depression!

Don't you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? The symbol of the Anti-Christ.

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!

From: Vintage 'Trees' music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

From: Vintage ‘Trees’ music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

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May 3, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

A Golden Jubilee: Precious Metals and Mining Stocks Skyrocket

May 3, 2016 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Alasdair Macleod: Very Big Correction for All Markets Coming. Gold Rising, Dollar Going Down

  • Alasdair Macleod: Very Big Correction for All Markets Coming. Gold Rising, Dollar Going Down
    by Greg Hunter’s USAWatchdog.com  (Early Sunday Release)
    Financial expert Alasdair Macleod says the most important economic news concerns the U.S. dollar. Macleod explains, “I think the most important point is actually the dollar has turned.  The panic move into the dollar by miners and producers of raw material . . . was driving the dollar up. That has now ceased.  China has now started buying those raw materials, base metals, oil and so on and so forth.  So, the result is the commodity crisis is over.  That, actually, is the biggest driver of the dollar, which is pushing it down.”

    On the U.S. economy having a huge recession, Macleod contends, “Actually, the underlying business conditions are not good. What we have seen for considerable time is U.S. corporations have increased their borrowing, to invest in production—no, to buy back shares to artificially inflate their earnings.  There comes a point that if you don’t have the underlying cash flow, you can’t do that anymore.  I think there is a concern in the markets we are getting near to that point.”

    Macleod predicts when the market turns, it will crash big-time. Macleod contends, “Whenever markets get mispriced, the correction is always very sudden, unexpected and hurts a lot of people.  Now, we don’t have it in just one market, we have it in all markets.  So, I would expect on that basis alone, that when the thing starts sliding, it’s going to be very, very big and actually could be systemically big.”

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

Red Alert Warning: This Is Your Last Chance — Bill Holter

  • Published on Apr 30, 2016
    Friends, this interview with JS Mineset’s Bill Holter is not for the faint of heart. It contains information you absolutely must share with your friends and family, no matter how closed-minded they are, no matter how many times you may have tried to warn them in the past. This may well be their last chance to protect themselves from an economic calamity so severe that they will never recover. 


    Holter warns, “I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.” 

    As readers of SGT Report know, Silver is the best performing commodity asset of 2016 thus far, and there are some very quantifiable, very important reasons for it. This may well be your last chance to protect yourself from what is coming.

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

Why Is JPM’s “Quant Guru” Suddenly Worried About The “Endgame” – Devaluation of All Currencies Against Real Assets Such as Gold

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

  • Why Is JPM’s “Quant Guru” Suddenly Worried About The “Endgame”
    by Tyler Durden, http://www.zerohedge.com  
    When JPM quant Marko Kolanovic released his latest report today, we were expecting him to read his latest insight on the positioning of quant funds, on the relative imbalance of risk parity, or perhaps whether market gamma was suggesting that the market is poised for an inflection point, either lower or higher. Instead, we were surprised to read an extended analysis looking at how trapped the “out of options” central banks are, what the next steps are for the global economy, how the market is now as overvalued as it was before the 2000 crash, how rising rates “would make the current S&P 500 level look like a bubble”, and the exhaustion of all available policy options, which he dubbed the “endgame.” To wit:

    If investors lose confidence that the debt can ever be repaid, they will reduce their holdings, increasing the cost to governments or inviting more central bank buying. This can eventually result in the devaluation of all currencies against real assets such as gold, high inflation or even outright defaults (as was the case in Greece). If such a trend develops in one of the large economies, it could have far-reaching consequences.

    We were most surprised by Kolanovic’s strong case to buy gold, although considering it comes just one week after a Pimco economist dared to propose that central banks should monetize gold next in an attempt to massively boost inflation expectations (while send the price of gold to $5,000), perhaps we are not that surprised.


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

This Is Going To Be The Greatest Transfer Of Wealth When The Economy Crashes: Gregory Mannarino

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

Japanese Bloodbath After BoJ Disappoints – Nikkei Drops 1000 Points, USDJPY Crashes

Nikkei225_USDJPY-20160428

  • Japanese Bloodbath After BoJ Disappoints – Nikkei Drops 1000 Points, USDJPY Crashes
    by Tyler Durden, http://www.zerohedge.com 
    If there was a sign that nothing else matters but central bank largess, this was it. The moment The Bank of Japan statement hit and proclaims “unchanged” a vacuum hit USDJPY and Japanese stocks. Reflecting that Japan’s economy has “continued a moderate recovery trend” which is utter crap given the quintuple-dip recession, Kuroda and his cronies said they will “add easing if necessary” and apparently that is not now. Not so much as a higher ETF purchase or moar NIRP.. and theaftermath is carnage – NKY -1000 points and USDJPY crashed to a 108 handle!!

    * BOJ WILL ADD EASING IF NECESSARY
    * BOJ: SEES LARGE DOWNSIDE RISKS FOR ECONOMIC OUTLOOK
    * BOJ: JAPAN’S CPI TO BE AROUND ZERO PERCENT FOR TIME BEING

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April 28, 2016 Posted by | Economics | , , , , , | Leave a comment

Gerald Celente: Future Trends And Why Gold Is Going To Go Up

April 27, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“The Men Behind The Curtain Are Being Revealed” – CEO Says Real-World Pricing Will Return To Gold, Silver And Commodity Markets

  • “The Men Behind The Curtain Are Being Revealed” – CEO Says Real-World Pricing Will Return To Gold, Silver And Commodity Markets
    by Mac Slavo, http://www.shtfplan.com/  
    Astute observers of financial markets, especially in the precious metals sector, have long argued that small concentrations of major market players have been manipulating asset prices. Last week those suspicions were confirmed when Deutsche Bank, one of the world’s leading financial institutions, not only admitted to regulators that they have been involved in the racket, but that they were prepared to turn over records implicating many of their cohorts in a global scheme to suppress prices.

    In his latest interview with SGT Report, straight-shooting Callinex Mines CEO Max Porterfield explains that now that the men behind the curtain are being revealed, asset prices in precious metals, base metals and other commodities will return to more natural pricing mechanisms based on core supply and demand fundamentals.

    They are being revealed, most certainly… whether anybody actually takes a fall for it is a whole ‘nother discussion in its own right.. It’s good someone is being held accountable in some form or fashion and at least we understand what we’re dealing with.

    … The real world pricing is being seen not only in the precious metals space, but it’s being played out in other base metals as well… Underlying all this manipulation is really the supply demand fundamentals for all these commodities…

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April 26, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

Robert Kiyosaki: Why the Ultimate Stock Market Crash Will Begin in 2016

  • Published on Apr 23, 2016
    In this segment, Christian economist Jerry Robinson is joined by author/investor Robert Kiyosaki to discuss why he believes the biggest stock market crash in history could likely begin this year! (Actually, Robert made his prediction about 2016 being the beginning of a massive stock market collapse way back in 2002. The prediction appears in a book he wrote 14 years ago entitled Rich Dad’s Prophecy.) In this fascinating interview, Kiyosaki tells Jerry why he has pulled all of his money out of the stock market and provides compelling reasons why the stock market is likely to implode later this year.


    He also explains how America’s financial and tax systems are rigged for the benefit of the “rich.” The solutions Robert offers require you to know the “rules” of the economy.

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April 25, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

This Is The End Days Of The Current Economic System And We Might Not Reach October: Bill Holter

April 25, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World

  • Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World
    by Greg Hunter’s USAWatchdog.com
    Financial analyst and stock trader Gregory Mannarino says pay no attention to the rising stock market because it is “fake.” Mannarino says, “The manipulation is absolutely epic.  We have never seen anything like it.  There is going to be a horrible price to pay for this.  Why?  Because it will correct to fair market value.  There is no doubt in my mind that all of this will correct to fair value.  All these distortions can only go so far, and we know this.  We have seen this throughout history without exception. . . .  We have the biggest bubble in the history of the world, and that is the debt bubble that has re-inflated this stock market bubble, it will burst.  It will burst because every single financial bubble in history, without exception, has burst before it.  This one is going to burst too, but this one is going to engulf the world.  It’s going to be unlike anything we’ve seen in the history of the world, and there is no doubt that the middle class will no longer exist when this occurs.  It’s going to be a massive transfer of wealth to these financial institutions that are going to go short all of this.  It is legal theft on a magnitude and scale that is unimaginable.”


    The mainstream media is ignoring massive fraud by banks. The latest fraud is the admission by Deutsche Bank that it rigged both the gold and silver markets with other big banks. Mannarino says, “Of course, they have to ignore it.  They have no choice to ignore it.  Why?  It’s the system, and the system relies on one thing only and that’s confidence.  They can’t allow the general public to understand there is absolute fraud involved in the biggest banks on earth.  If the people start to get wind of that, then they are going to start to get afraid.  Then, they will pull their cash out of these institutions and start allocating it into different things.  They cannot allow the general public to know what’s really going on.  They need to keep the general public focused on the stock market.  Most people don’t know what to look at, but when they hear, oh the stock market is higher, my 401K is doing well, and that’s all they care about.  The same exact thing happened in 2008 when they were watching their houses go up in price.  They didn’t care about anything else.  When it reversed, then, all of a sudden they’re crying.  This is what’s going to happen now, but the magnitude of this one eclipses what happened in 2008–exponentially.  The 2008 event, that was a walk in the park eating an ice cream cone compared to what is going to occur at one point here down the line.”

    read more.

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April 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

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