[KR725] Keiser Report: Inflation = War

We discuss bankrupting nations through inflation and/or war. We look at the new bond coin in Zimbabwe where the US dollar is preferred and then to central banks where gold is preferred over the US dollar. So many fools, not enough currencies. In the second half, Max continues his interview with Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece and about which nation will be the first to exit the euro.


The Three Acronyms That Best Describe This Era: TINA, TANSTAAFL and FUGAZI

TINA and the complacent belief in free lunches strip the resiliency from a system and leave it vulnerable to collapse.

It’s tough to select three acronyms that best capture the current perfection of central planning, central banking and centralized propaganda. FUBAR (f**ked up beyond all repair) is tough to beat, and for those with a taste for absurdist humor, ROTFLMAO is equally appropriate–especially when “official” economic data is issued by various Ministries of Truth.

After long deliberation, I’m going with TINA, TANSTAAFL and FUGAZI as best defining our era: there is no alternative, there ain’t no such thing as a free lunch, and f**ked up, got ambushed, zipped in (to a body bag).

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Gold Demand in Greece, Italy, Spain, Russia, Germany, UK and U.S. – Reuters Interview GoldCore

Gold Demand in Greece, Italy, Spain, Russia, Germany, UK and U.S. – Reuters Interview GoldCore

Jan Harvey from Reuters interviews Mark O'Byrne, Director of GoldCore Research

Jan Harvey thomsonreuters.com We were hearing quite a bit about rising physical demand in Europe earlier this year, as a confluence of factors (euro zone QE, SNB scrapping franc peg to euro, Greek election outcome) came together to support buying. Here to discuss how that has developed in February is Mark O’Byrne, executive director of Goldcore. Welcome, Mark!
Mark O’Byrne goldcore.com Happy Friday Jan and thanks for having me on the forum

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Why The Smart Money Is So Nervous Now

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More and more, those who have made long, successful careers in money management are realizing that the system has morphed into a strange beast they no longer recognize, nor trust. Fear of epic, perhaps historic, dislocations in price when the current market reverses is causing more and more of the “smart money” to sell out now and seek safe harbor.

Click here to read the full article


Crazy Buckingham Palace naked man video!!!


Top adviser to George Osborne filmed smoking crack cocaine, talking about the economy

Top adviser to Chancellor George Osborne filmed smoking crack cocaine in drugs den

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One of Chancellor George Osborne’s senior advisers on economic policy has been captured on video smoking crack cocaine in a drugs den.

Prof Douglas McWilliams, who last year ­estimated we would all be £165 a year better off by the election, is seen inhaling it through a glass tube at a flat in North London.

The executive chairman of influential City think-tank the Centre for Economic and Business Research then slumps dazed on a sofa after repeatedly smoking on the makeshift crack pipe involving a miniature Martell Cognac bottle.


Metals & Markets: China Returns!

On this week’s Metals & Markets, The Doc & Eric Dubin break down the week’s trading, discussing:

  • Chinese New Year Holiday Concludes- gold & silver rally on cue!
  • Greek Game Theory- Why Eurozone crisis could escalate to a contagion- beginning with Spain! 
  • Justice Dept Investigation on PM manipulation- regulators are attempting to distract the market from the REAL center of PM manipulation! 
  • Indian gold demand set to ROAR with imminent easing of import duties
  • Algos unsuccessful in attempts to cap gold & silver Friday- sign the beatdown has ended?

Click here for the SD Weekly Metals & Markets With The Doc & Eric Dubin:

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Annaly’s CEO Accurately Compares Central Bankers to Witch Doctors; Possible “Blood-Letters”

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One of my greatest frustrations during the post-financial crisis period has been the unwillingness of the rich and powerful to call out central banking for what it is: financial slavery. While I accept that many are simply ignorant or brainwashed, there are plenty who know exactly what’s going on and are merely trying to make as much money as possible from the Federal Reserve created scam before the music stops. For those with influence in society, this is a highly immoral choice.

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China and the Dragon Tail of Marx

The dragon tail of Marx’s end-game of overcapacity and finance capital is about to shred China’s fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences.

Longtime readers know my one expertise is annoying the entire ideological spectrum in 1,000 words or less. Today is one of those days, so strap on your blood pressure monitor and prepare for full-spectrum annoyance, regardless of your ideological leanings.

Marxism is typically considered discredited outside of a few protected fiefdoms of academia which tend to engage in obscure debates over the labor theory of value and other signifiers of membership in the inner circle of deep Marxist thinkers.

Outside these cloistered academic circles, Marxism is dismissed for two basic reasons:

1. the predicted final crisis and implosion of capitalism did not occur

2. the vaguely outlined post-capitalist incarnation of a stateless worker’s paradise not only failed to materialize, but was used to justify destructive, murderous totalitarian regimes.

But those egregious failures of Marxist theory should not blind us to the value of his critique of capitalism.

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EURO TEMPTATIONS

EURO TEMPTATIONS


Greece Buys Gold Sovereigns as New Greek Drachmas Unveiled

Greece Buys Gold Sovereigns as New Greek Drachmas Unveiled

- Greece warns may default on IMF loan next week

- Greek bank runs continue and deposits flee

- German Bundestag votes for bailout extension

- Syriza agree to a bailout extension of four months, in return for concessions yet to be approved by the EU

- Questions over Syriza negotiating a weak deal despite it’s strong position

- Greece and EU buying time to arrange orderly “Grexit”?

- Greece has printing presses poised to print newly designed Greek Drachmas

- Greeks buying gold bullion

The Euro Working Group discussed Greece’s imminent funding problems yesterday amid mounting concern about how the country will meet its massive obligations.

Minister of State for Coordinating Government Operations Alekos Flambouraris suggested yesterday that Greece might delay payment to the IMF if it cannot find the necessary money.
Greece is due to pay the IMF 1.6 billion euros next month but the Greek Minister said that Athens might ask to delay this payment for two months.

Proposed New Greek Drachmas

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