Socio-Economics History Blog

Socio-Economics & History Commentary

Egon von Greyerz: All Hell Will Break Loose With Record Risk

  • Risk Exponential and Unmeasurable – Egon von Greyerz
    by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
    Financial and precious metals expert Egon von Greyerz (EvG) vaults gold for clients at two secret locations on two continents. He says his wealthy clients have at least 20% of their net worth in physical gold and silver. Some have much more. Why so much physical metal? EvG says it is because of record risk in the world today. EvG explains, “There is only ½% of all world financial assets held in physical gold. So, this is a very small group, but it is still a lot of money. Of course, the majority doesn’t believe this because if they did, all the other markets would collapse. The particular people that are concerned about risk that we deal with, and they are not concerned in a minor way . . . look at all the asset classes, whether you take the stock markets, bond markets or property markets, they are all in the most massive bubbles fueled by exponential growth in credit. Global credit has tripled since 1999 to today. Global debt went from $80 trillion to $240 trillion. When debt triples, it doesn’t mean that risk triples. Risk goes up exponentially. Then you add to that all the off-balance sheet items and unfunded liabilities. The derivatives are at least $1.5 quadrillion. . . . Officially, it is reported $600 billion, but it is probably $1.5 quadrillion. . . . So, you are talking about risk that no one understands, and no one can measure. Most of it is in paper or air, if you will. It’s like a balloon, and when you pop that balloon, you will find it is mostly air. This means asset values will implode, and so will debt.”

    How bad is this going to get? EvG says, “I think stock markets and bond markets will go down by at least 75%, and I would say it could be up to 95% or more. A lot of companies will disappear. I am not saying the world is going to end. You must remember, in 1929 risk and debt was nowhere near where what it is today and certainly not globally either. This is a global problem, and not just in the U.S. In 1929, the stock market went down by 90% between 1929 and 1932. It took 25 years to get back to the 1929 level. So, it could go down by 95% today and that would not surprise me at all because we are talking about a much bigger problem. And don’t believe that central banks and governments are going to rescue this. They have used all their tools. They have inflated the money supply with printed money, and they are telling us all that they have it under control. They have nothing under control, and there is no margin to lower interest rates anymore either. Therefore, in my view, interest rates are going to surge. They could try to lower them when the markets get into trouble. It will not succeed, and it will be like in the 1970’s, and you will see 20% interest rates.”

    read more.

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July 23, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

HOLY SHIFT: Stock Market Pace Maker Breaking Down? by Lynette Zang

  • ITM Trading Streamed live on Jul 19, 2018
    Links and Slides: https://www.itmtrading.com/blog/holy-…
    Everyone wants a crystal ball on the markets. Paying attention to pattern shifts, particularly surrounding insider behavior, shows us what’s happening just out of sight of main street and may provide important information on what lies ahead, because they are ones running the corporations.

    HOW CLOSE ARE WE TO A MARKET BREAKDOWN?
    By all indicators, we are in a late stage markets with just a few stocks pushing the indexes higher. In fact only three stocks; Amazon, Netflix and Microsoft are responsible for 70% of the S&P gains for 2018. What is the real trend? One look at the long-term gold chart shows a very powerful cup formation forming. That means smart money buying. I’m buying…are you? And if you want to know what to actually DO about all of this, that’s what we specialize in. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you’re asking these questions you’re already ahead of the game. We’d love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar. 

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July 23, 2018 Posted by | Economics | , , , , , , , | Leave a comment

The Great Dollar Dump: Russia Liquidates US Treasury Holdings

  • The Great Dollar Dump: Russia Liquidates US Treasury Holdings
    by https://www.rt.com/
    Russia is continuing to diversify state reserves away from US debt. The latest data from the US Treasury shows that Russia’s share hit an 11-year minimum and totaled only $14.9 billion.

    The share of US sovereign debt bonds in Russia’s portfolio has been reduced dramatically in recent months. Russia held $96.1 billion in US Treasuries in March before selling half its holdings in April, dropping to 22nd place among major foreign holders of American treasury securities at $48.7 billion.

    In 2010, Russia was among the top 10 holders of US Treasuries at $176.3 billion. With its holdings falling to $14.9 billion in May, the country is now below the $30 billion threshold for inclusion on the Treasury Department’s monthly report of major holders. On Tuesday, the Treasury released a list of 33 countries which includes the biggest holder China to the smallest Chile. Russia is no longer on the list.

    A treasury bond is a fixed-interest government debt security with a maturity of more than 10 years. Treasury bonds make interest payments twice a year. The gradual sell-off of US sovereign debt started in 2011, and has intensified over recent years amid numerous rounds of sanctions imposed by the White House against Russia.

    The head of the Central Bank of Russia (CBR) Elvira Nabiullina said in May that slashing of the holdings was result of the systematic assessment of all kinds of risks, including financial, economic and geopolitical.

    Meanwhile, Russia’s gold holdings have been steadily increasing, bringing its share of the precious metal to its highest level in nearly two decades. Russia’s gold holdings in May grew by one percent to 62 million troy ounces, worth $80.5 billion, according to the CBR. According to Nabiullina, gold purchases helped to diversify reserves.

    Global geopolitical conflicts along with trade tensions triggered by the US earlier this year have made some countries follow suit. Turkey nearly halved its US Treasury holdings from almost $62 billion in November to $32.6 billion in May. Germany has reduced its holdings from $86 billion in April to $78.3 billion in May.

    Asked about Russia’s absence, a US Treasury spokesman said the Treasury market is the deepest and most liquid in the world, and demand remains robust, reports Bloomberg. He added that the department doesn’t comment on individual investors or investments.

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July 19, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

COLLAPSE SCENARIO’S: Selling Your Gold, New Money, Valuations, Beneficiaries, Etc. Q&A with Lynette

  • ITM Trading Streamed live 5 hours ago
    Links and Slides: https://www.itmtrading.com/blog/colla…
    Question 1. Jay: When silver was approaching $18 spot price in the spring I attempted to unload some ounces at a local shop, but they had such a large volume of silver they weren’t offering spot rate buyback pricing, but instead giving me a rate of $3 less than the market value per oz! In a collapse scenario, what’s stopping shops, markets, etc, basically anyone and everyone from “naming their own price” when it comes to precious metal values?

    Question 2. David: When our $$$ resets are they going to print a new looking $

    Question 3. Tortoise62: Isn’t it true that bail in language addresses higher balances? Greece knew not to steal from the peasants as they incite chaos and violence. Are you really suggesting that the $500 checking account will be taken?

    Question 4. BeoWulf: ‘if’ gold goes to 5k/oz … silver to 100-200/oz, as suggested by many … is the ‘increase’ in value/cost/price because the metals actually have increased … OR, is that the indicator that the dollars value has dropped and it takes more de-valued dollars to buy that metal?

    Question 5. Larry: If the FED is printing all of this money who is the beneficiary? Who’s account is it going into? Who benefits from the trillion in their pocket? If the central banks of the world are buying all of these stocks who is going to be dumb enough to buy the QE off load? And if you want to know what to actually DO about all of this, that’s what we specialize in. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you’re asking these questions you’re already ahead of the game. We’d love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar.

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July 18, 2018 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

The Economic Recession Will Hit Sooner Than You Think, Here’s Why: David Quintieri

July 16, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Jim Willie: Reset Has Begun (Now The US Must Do These Two Things AND Get 10,000 Tons Of Gold)

Remember the Golden Rule: “He who has the gold Rules!” © Reuters

  • Jim Willie: Reset Has Begun (Now The US Must Do These Two Things AND Get 10,000 Tons Of Gold)
    by Jim Willie of Golden Jackass, via https://www.silverdoctors.com/
    Gold Standard Requirements And Currency Crisis
    The United States has three requirements in returning to the Gold Standard. They will be extremely difficult to achieve. They each serve as essential requirements in a criterion. All three are urgently needed. The challenge is formidable for the nation to remain as a leading player in the global economy. The United States stands alone in volume of national debt. Many place the blame on the social net like welfare, Social Security, and other measures. However, the biggest element is clearly the military budget, hardly for defense in the last two decades. As CEO Jack Ma of Alibaba stated so succinctly, the USGovt has spent $25 trillion on the military with nothing to show for it except decayed infra-structure and global animosity for its aggression. A major item in recent years for the deficits has been Medicare, which is full of fraud and waste. Another major item is the raft of pensions like for government service, judicial service, and military service.

    REQUIREMENTS FOR THE GOLD STANDARD

    * Eliminate the $21 trillion USGovt deficit
    * Source 10,000 tonnes Gold to support the currency
    * Re-industrialize to work down $600 billion trade deficit

    Back in 2017, US President Trump commissioned a study to verify the status of the US gold reeserves. He and Vice President Pence, who led the study, were shocked to learn that the Fort Knox gold had been stolen. Of course, such a discovery never reaches the national news in broadcast or printed form. Thus the long delay in any conceivable effort to set up the $1 trillion infra-structure program promised during his campaign for office. The gears switched to locating and rescuing the stolen gold, with dirty fingers identified for ex-Presidents Papa Bush and Bill Clinton, along with the Wall Street crowd of criminals led by Robert Rubin. Rumors are ripe that the gold has been recovered, which also never reaches the controlled news networks. The eager await confirmation.

    GLOBAL RESET HAS BEGUN
    The Global Financial RESET has already begun. Many are the faces of the reset, especially with non-USDollar platforms. Two key events lie on the imminent horizon which will release the Gold price. A trusted superior reliable source has indicated that two key events are imminent. The Jackass guesses 1) the Deutsche Bank failure with Italian banking system collapse AND 2) the Gold Trade Note introduction with Chinese RMB interchangeability. Expect the Chinese Govt short-term bill to possibly be equivalent to the Gold Trade Note during an interim period, like for a caretaker role in transition. It will be used on oil payments. Expect the banking systems of Germany, France, and Italy all to enter a grand crisis. A list of potential key events is provided in the June Hat Trick Letter report. A second list of key disruptive additional events is provided. The QE official monetary policy has been a grand failure, keeping the big banks afloat, but while killing the main tangible economies in the process. The proof lies in the multi-year decline in Money Velocity, amidst supposed stimulus. Meanwhile, a long list of non-USD platforms has been developed for amplified usage. China has led the non-USD procedures, with the Belt & Road Initiative its primary banner. It boasts between $6 and $8 trillion in listed approved projects, all to be carried out without USDollar usage.


    read more.

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July 14, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Obliteration of FIAT CURRENCY Faith | Michael Pento

  • SilverDoctors Published on Jul 13, 2018
    On this week’s Metals & Markets Wrap we host money manager Michael Pento of Pento Portfolio Strategies. By late 2018, Michael believes we will see a watershed turn in the gold market. “One of the ramifications that is almost assured to happen (as a result of the next global financial crisis), is that the faith in fiat currencies will be obliterated.” This according to Michael is what will bring about heavy price inflations to come.

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July 14, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

The Central Banks Agenda To Bring Down The Economy Has Been Exposed

  • X22Report Published on Jul 11, 2018
    The Manhattan bubble is popping, foreign investment is being redirected, the real estate crisis has begun and it will spread. Global debt has hit an all time high and it is getting worse. The rate at which debt is rising is of great concern because there will be a time when it won’t be able to be paid back. The Fed has already decided to change the rules of the game, they are now removing data and manipulating data. Just a couple days ago the Fed said the yield curve is not accurate and flawed and now the Fed has replaced the yield curve with their new version which is based on what they think the future will bring. The collapse has been exposed, change and hide data to cover their tracks.

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July 13, 2018 Posted by | Economics | , , , , , , , , , , , , , | 1 Comment

THE GLOBAL TRIGGER: Are Trade Wars Just a Cover for Hyper-Inflation, Global Financial-Monetary Reset? by Lynette Zang

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July 13, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

The Coming Global Monetary Reset

  • The Coming Global Monetary Reset
    by , https://monetary-metals.com/
    The Great Reset, Report 8 July 2018
    … This is what we think of when we hear someone say, “There will be a reset”. A reset is not a good thing. No one should look forward to it, and you certainly cannot profit from it. Not even from owning gold. Sure, those who don’t own gold may be worse off than those who do, but no one does well in a catastrophe like that.

    Keith saw a museum exhibit, displaying gold hoards dating from the time of the fall of Rome. It had been the gold of several very wealthy men (each hoard had hundreds or thousands of ounces of gold!) Yet it did not avail them. Those people either fled or died, and their gold was lost for 1,500 years. And rediscovered by workers who were excavating foundations for big buildings in the late 20th century.

    The monetary system is indeed headed towards this reset. We shouldn’t just wait passively for it, we should change course if possible. It is possible, but first, let’s look at what we can’t do.

    read more.
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=10&fiidarticulo=281

Click on image for article.

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July 11, 2018 Posted by | Economics | , , , , , , , , | Leave a comment

Gold $10,000 In Currency Reset As Russia China Gold Demand Overwhelms Gold Futures Manipulation

  • GoldCore Published on Jul 4, 2018
    – Is the currency reset or global monetary reset (GMR) upon us?
    – Russia sold half their Treasuries in April and bought 600k ozs of gold in May
    – China has stopped buying US Treasurys and PBOC is quietly accumulating gold bullion
    – China has over $3 trillion in foreign exchange reserves and Russia has $461 billion
    – Physical gold market is finite and tiny vis-à-vis the fx markets and bond markets
    – Tiny diversification into gold by the world’s creditor nations will end manipulation
    – Gold to be revalued much higher – possibly to $10,000/oz or higher
    – Time is of the essence and important to own gold bullion in safest way possible

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July 7, 2018 Posted by | Economics | , , , , , , , , , | Leave a comment

Jim Willie: This Is The Ninth Inning

  • INTERVIEW WITH WILL LEHR OF PERPETUAL ASSETS
    by http://goldenjackass.com/main5.html
    July 5th:  topics covered include the assured failure of Deutsche Bank and the guaranteed collapse of the Italian banking system with French falling dominoes in contagion (WHICH IS CERTAIN TO FINALLY RELEASE THE GOLD  PRICE), the coming Gold Trade Note alongside the Petro-Yuan launch with a potential gold backing (ALSO TO RELEASE GOLD AS SECOND TRIGGER), Russia’s recent history battling the Deep State, the Elite & JPMorgan large-scale active hoarding of Silver, the true high price inflation for the economy which means a multi-year recession, the new technology rollout with Silver at the core, unintended consequences of failed USGovt sanctions, the ongoing German defiance of US-led Russian sanctions, the new RMB Hub at the Frankfurt Exchange, the role of Blockchain Technology in the Tokenized Economy

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July 6, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The FedRes Just Secretly Began To HIDE Its BALANCE SHEET! What Are They About To Do?

July 6, 2018 Posted by | Economics | , , , , , , , | Leave a comment

Why Did Federal Reserve Suddenly Remove Balance Sheet Normalization Data from FRED Site?

  • DAHBOO77 Published on Jul 4, 2018
    In the interests of transparency at The ‘New’ Federal Reserve, The St.Louis Fed has decided, suddenly and without warning, to discontinue the production of The Fed’s balance sheet size from its FRED website. Learn More: https://www.zerohedge.com/news/2018-0…

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July 6, 2018 Posted by | Economics | , , , , , , | Leave a comment

Something Bad Is Headed Our Way Central Bankers Are Ready To Control The Crash: L. Cammarosano

  • The key issue is: what is in it for the Illuminist banksters should they maintain the current system? If they maintain on their current path, who benefits? It definitely benefits Trump. The problem is, Trump is destroying their globalist institutions/agreements, namely: Global Warming Paris agreement, international trade order WTO, transatlantic NATO alliance, US withdrawal from UNHRC, fomenting the breakup of the EU, withdrawing from TPP/TTIP/NAFTA, encouraging nationalism, destroying the globalist MSM …..
  • The actions by Trump are setting back the Illuminati’s plan for a Luciferian New World Order, World Government led by the Anti-Christ. You cannot have a World Government where Trump-USA can just tell the Man of Sin to “Go jump into the lake! Take a hike!”.
  • At some point in time, the Illuminati banksters will pull the plug to thwart Trump. The only way to bring down America and make it subservient to a World Government (apart from Nuclear War) is to destroy the dollar. America as we know it must be destroyed and weakened tremendously so as to not pose a threat to the Luciferian plans.
http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

Click on image for pdf E-book.

http://www.stopthecrime.net/Henry-Makow---Illuminati----(2008).PDF

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July 5, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment