Socio-Economics History Blog
Socio-Economics History Blog
September and October are the most dangerous months for the financial markets. This September will be no exception. Things are shaping up for a catastrophic sovereign debt collapse! Germany is about to blow a hole in the Eurozone bow! Got physical gold yet? (emphasis mine) – Euro bail-out in doubt as “hysteria” sweeps Germany By …
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More non western central banks are coming to their senses. They are dumping USD for physical gold. The writing is on the wall for Euro and USD! I expect gold price to reach US$2,500/oz by year end easily! Silver should reach US$55-60/oz! – Kazakh Central Bank Gets ‘Priority Right’ to Buy Gold By Nariman Gizitdinov, http://www.bloomberg.com/ …
[youtube=http://www.youtube.com/watch?v=w4orbhaCXKE] YouTube: Egon von Greyerz, of Matterhorn Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about the state of the global economy and gold’s status as a safe haven. They discuss S&P’s recent downgrade of US debt and also talk about the situation in the UK and in Switzerland. – They discuss …
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The financial quakes are getting bigger and bigger. You do not need to be a genius to see the coming financial tsunami. September and October are the dangerous months for the financial markets. Yes, it looks increasingly likely the sovereign debt collapse will start in the next 2 months! (emphasis mine) – Germany fires cannon …
The world is overburdened by an insurmountable mountain of debt! The sovereign debt bomb is about to explode! It will start in the PIIGS, Italy will fall and it will spread to the rest of the Eurozone, UK, Japan and finally USA. The western financial/banking system will collapse. I do not believe that Asia will escape …
Major Eurozone banks are the holders of sovereign debts. In their books, they regard these sovereign debt as ‘AAA’ as good as cash. Of course, I am highly suspicious about the balance sheet of these banks. When the PIIGS default, one bank after another will topple, the western financial system will collapse! – Greek Bond …
The problem with major western banks is not a liquidity issue. It is insolvency. They are essentially bankrupt! The banks are allowed to hide all the toxic crap derivatives off balance sheet or value them at whatever price they like. This is the reason why they are still allowed to function. No amount of liquidity …
The Chinese are caught in a web of their own making. They simply have too much foreign exchange reserves! Something like US$3T, with about US$1.5T denominated in USD. When a global currency crisis strike, they are the most exposed to losses. – China paper warns of impact from euro crisis “Black Death” By Chris Buckley …
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What are the likelihood of a global currency crisis? 100% certainty. The Illuminist bullion banksters have been whacking gold and silver very hard these 2 days. The Illuminist financial MSM has been pushing the gold bubble meme. It is pure nonsense. Did the financial MSM get it right with the NASDAQ, real estate…. bubble? Their job is to …
[youtube=http://www.youtube.com/watch?v=PNK1V6S2cbo] The western MSM are Illuminist owned ! BBC is no exception. The MSM is largely propaganda and psyop for the mass herding of the sheeple to certain illusions as ‘reality’! – VIDEO: BBC WAS HALF AN HOUR TOO EARLY REPORTING ON WTC7 COLLAPSE On September 11th 2001, BBC World reported at 4:57pm Eastern Time that the …
[youtube=http://www.youtube.com/watch?v=pudykXGTDtg] YouTube: This week Max Keiser and co-host, Stacy Herbert, notice that looking back is not an option when all the evidence is destroyed by the SEC and Max tries to explain the gold / Treasury conundrum. In the second half of the show Max talks to Catherine Austin Fitts about exponential fraud and the …
Mathematically, there is a 100% probability of a sovereign debt collapse. Its progression: starts in the PIIGS… Italy defaults, spreads to the rest of Eurozone, UK and Japan and finally USA. The Euro, UKP, JPY and USD are toast! For total debt (ie. public + private) to GDP ratio, see also: The World’s Biggest Debtor …
Gold is a calamity indicator! It is saying worldwide currency debasement. It is saying the financial and monetary system is in deep trouble. We are heading towards a global economic, financial and monetary collapse! – The amount of Interest Rate Swaps derivatives (insurance against interest rate rising beyond a certain level) is anywhere in the …
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Where did the FedRes get the trillions of dollars from? From thin air! They create USD from thin air to give it to their bankster friends, share holders and buy US treasuries. Easily 80% of treasuries are bought by the FedRes now. Americans are made to pay the interest on these treasuries to the FedRes and pay the …
[youtube=http://www.youtube.com/watch?v=TbUlPDgFNFU] YouTube: Ben Davies (http://hindecapital.com) and James Turk, Director of the GoldMoney Foundation, talk about the current fiat currency world monetary system established under “Bretton Woods II”. They explain the imbalances created by the hegemony of the fiat dollar, and how it allows mercantilist vendor financing and the accumulation of huge FX reserves in sovereign …
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[vodpod id=Video.15309600&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Hugo Chavez Wants His Gold Back!, posted with vodpod
