[KR792] Keiser Report: Summer Solutions (ft. Prof. Steve Keen)

We are joined by Professor Steve Keen, author of Debunking Economics, to discuss the problem of household debt and an overly large finance sector. They discuss possible solutions, such as perhaps ending the practice of subsidizing too-big-to-fail banks.

[KR791] Keiser Report: The Precariat – The Dangerous New Class

We are joined by Guy Standing, co-President of the Basic Income Earth Network and author of The Precariat: The Dangerous New Class, to discuss the problem of declining incomes, automation of many jobs, and the rise of the Precariat. As a possible solution to the problem of ever fewer high paying jobs, they discuss basic incomes – the arguments for and against.

Is Yellen Targeting Mid-September for Rate Hike?


At a Wednesday meeting last week, the Federal Reserve left key interest rates unchanged and near zero, which means that the low-rate regime that began at least six years ago has been extended yet again.

However, various mainstream media reports were in agreement that September might be the month when the Fed finally targets higher short-term rates. This would occur as a result of a 16-17 September policy meeting. Read more ›

Ep. 2 “Crowd Factor” @maxkeiser and Simon Dixon @SimonDixonTwitt travel to Mexico and speak with (and invest in) HOT new crypto startup Bitso.

Pennsylvania to Become First State to Use “Precrime” Statistics in Criminal Sentencing

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As technology generally continues to advance, one thing you can be sure of is the criminal justice system’s use of innovative new “tools” will grow exponentially. This can be a good thing, but it can also be a very dangerous thing. Pennsylvania’s new law that permits the use of data showing whether people are “deemed likely to commit additional crimes” in criminal sentencing, is a perfect example of how an over reliance on technology can be a threat to liberty and due process…

Read more here.

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Rent Bubble = Housing Bubble = Rent Bubble

Here is the conventional narrative about rents and housing valuations:

1. Rents have soared because people can’t afford to buy a house and have to rent

2. Based on soaring rents, housing is fairly valued

In other words, rents and housing are tautological: rents are rational because housing values are rational, and housing values are rational because rents are rational.

Nice, but wrong: rents and housing are self-reinforcing bubbles:

Read more ›

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Gold Sentiment Is Just Plain Ugly

The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being “outed”. The market pundits are are sticking the proverbial knife in and twisting it with glee. The Financial Times published an interesting article over the weekend. Read more ›

Bitcoin would undoubtedly be the currency of choice for Ayn Rand

Ayn Rand and Bitcoin: Has anyone else noticed how much we are living in a world of Atlas Shrugged? IHB News™
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Bitcoins Blooming: 1 out of every 5 Goldman Sachs employees work in India

Bitcoin Blooms in Bengaluru: IHB News™

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The Rent is Too Damn High – San Fran Residents Pay $1,000 a Month to Live in Shipping Containers

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There’s nothing quite like a grotesquely lopsided “economic recovery” in which a handful of cities boom, while the rest of the nation stagnates. Even worse, millennials living in such chosen cities face one of two options. Either live in mom and dad’s basement, or face a standard of living far more similar to 19th tenement standards than the late 1990’s tech boom.

With that out of the way, I want to introduce you to what a $1,000 per month rental in the San Francisco Bay area looks like. Shipping containers…

Read more here.

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Senator Bernie Sanders Interviews Nomi Prins

Watch Senator Bernie Sanders (D. Vermont), candidate for the Democratic nomination for the 2016 U.S. presidential election, interview Nomi Prins, frequent Keiser Report guest and author of It Takes a Pillage and All the Presidents’ Bankers. The interview is as relevant today as it was when it took place on November 16, 2009:

You can view the complete hour long interview here.

See also: Nomi Prins’s review of Janet Tavakoli’s Decisions: Life and Death on Wall Street.

“The former MP has pledged to use MayorsChain, a software built by American entrepreneur Max Keiser” @MaxKeiser @StartCiti @Start_coin @GeorgeGalloway