Socio-Economics History Blog
Socio-Economics History Blog
Italy is the Eurozone’s 3rd largest economy. It is also the 3rd largest sovereign bond issuer in the world (ie. government bonds market) behind America and Japan. When Italy goes down the Eurozone will crater! (emphasis mine) – CEBR: Italy is ‘Bound To Default’! by http://www.telegraph.co.uk/ Italy will likely default but Spain could scrape through, …
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Signs of desperation by the Chinese government? How do they get out of their US$2T USD denominated reserves mess without causing global financial upheaval? Not a chance they can do it successfully. The foreign reserves are still rising because of their massive exports to America (and Europe). It is a question of how much they …
The FedRes is an Illuminist bank. It creates money out of thin air and lends it out. What actually happens is that they just enter the number needed into their computer system and the money is created! They then use it to buy US government bonds ie. QE! The American people must pay these loans back to …
The smart money has been accumulating physical gold for some time now. The sheeple are still pretty much asleep. By the time they wake up, the stampede will have started and the sheeple will once again be caught buying at exorbitant prices near the top! Gold is going to at least US$10,000/oz ! Silver US$300/oz ! The …
Will austerity measures work in Greece? I don’t think so! It is driving up unemployment and exacerbating the economic depression. Greeks are now silently bailing out of their banks. How long before the IMF and ECB talk about a 3rd bailout? It is too late. The sovereign debt collapse will start in the PIIGS, spread …
The USD-JPY was flirting with its lows in the 76.xx region. With such an unfavorable exchange rate, Japan’s economy will stagnate and even crater. Jobs will be sucked out of Japan into other parts of Asia (mainly China IMO). The BOJ worried about this (and the ongoing earthquake/tsunami disaster rebuilding) has intervened massively to weaken the Yen. …
The Swiss National Bank and Bank of Japan are conducting operations to weaken their currencies massively. Both central banks are feeling the negative impacts of their strong currencies on their economies. The era of competitive devaluation is here. No fiat curreny is safe. When the USD dives much lower it affects every single country. – In …
