Socio-Economics History Blog
Socio-Economics History Blog
[vodpod id=Video.14426869&w=450&h=380&fv=] Europe on Brink of ‘Major Financial Collapse’: Guggenheim CIO By: Gennine Kelly, http://www.cnbc.com/ Europe is a “train wreck” and on the “brink of a major financial crisis,” Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday. “The way Europe is operating right now, it’s what I called recently ‘cognitive dissonance,’” …
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The American MSM presents the whole debt ceiling charade as a great victory for America and the world. This is total BS! They tell you that both Houses of Congress are working very hard to reduce the budget deficit! This is total BS. It is fraudulent. They simply reduce their planned expenditure increases and count …
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The Chinese are in trouble and they know it. How do they get rid of their US$1.5-2T of USD denominated reserves? What market in the world can absorb such a large amount of money? The answer is there is none except for the US treasury market. The Chinese are caught in a web of their …
Asian central banks are escalating their gold purchases. They have to dramatically reduce their huge USD reserves or risk getting smashed easily 50% when everyone starts to get out of the USD. South Korea alone has US$311B of reserves. China has easily US$1.5T if not more. The problem is: there are no safe fiat currencies, …
Investors are fleeing to the Swiss Franc and Gold from USD and Euro. The US treasuries have rallied and yields have dropped dramatically. But you cannot convince me that US treasuries are safe. It is insane investor herd behavior. The market is signalling fear and crisis ahead ! The sovereign debt crisis is getting worse …
The 2nd Greek bailout was barely completed and the market has gone into a tailspin. So much for all the happy delusional talk. Fear and trepidation are stalking the Eurozone markets! I warned you that financial earthquakes are getting larger and larger going into 2H2011 and onwards. – Spain, Italy, Belgium Bond Spreads Hit Euro Record; Italy …
Warning!! Warning!! Major financial tsunami is approaching! Gold prices rocketed US$40 to record high of US$1660/oz. Silver followed suit and rose 3.3%. The S&P500 plunged 2.5%. What happened to all the happy, self-congratulatory talk over the success in raising the debt ceiling? Didn’t the politician snakes in the District of Criminals (DC) just rescued the …
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