[KR921] Keiser Report: US Ominous New Trends

We discuss the ominous new trends linked to the fact that no ‘Mr Smiths’ have gone to Washington in decades. With corruption paying so well, monopolies and big box store businesses over run the previously job-producing regions of America. In the second half Max interviews Professor Robert McChesney about the media’s role in the US election so far – from $3 billion in free air time for Donald Trump to refusing to cover Bernie Sanders until late in the game. They also discuss ‘the defining moment’ as robots begin to replace more and more jobs and how this relates to the voters choosing Trump.


[KR920] Keiser Report: Right Price for Surrender

We discuss the declaration of fracking war in North Yorkshire and yet without a prime minister vowing the defend the island, no matter the cost. In the second half Max interviews financial analyst, Rick Ackerman, about bonds, gold and pensions.


DOUBLE DOWN: An NHS ‘top up fee’ coming soon?

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The Five Stages of Central Bankers’ Failure

Central bankers are now in the denial and anger stages of Kubler-Ross’s famed stages of loss: denial, anger, bargaining, depression and acceptance. Central bankers are in denial that all their trillions of dollars, euros, yen and yuan have completely and utterly failed to achieve the desired result: “organic” (i.e. unmanipulated by central states/banks) expansion of productivity, investment and household earnings.

Central bankers not only continue to insist their free money for financiers will eventually “trickle down” to the masses–they’re angry that the masses aren’t buying it. Central bankers are now blaming the masses for maintaining a perverse psychological state of disbelief in the omnipotence of central banks and their policies.

Central bankers are raging at the psychology of hesitant households, which they finger as the cause of global weakness: if only people believed everything was great, they’d borrow and blow tons of money, and the ship would leave port with a full head of steam.

The central bankers have spent seven years constructing “signals” that are supposed to create a psychological state of euphoria that leads to more borrowing and spending. The stock market is at all-time highs–don’t those stupid masses get it? That’s the “signal” that all’s well and they should get out there and borrow more money to enrich the banks!

Central bankers’ anger is not directed at the source of the policy failures–themselves–but at the masses, whose BS detectors suggest all the signals are manipulated and therefore worthless. The skeptical psychology of the masses is akin to the mark at the 3-card monte table: the crooked dealer (in this case, the central banks) has let the mark win a few rounds to “prove” the game is honest, but the mark remains skeptical.

This is infuriating central bankers, who counted on the marks falling for the rigged game. This wasn’t supposed to happen, they rage; the Keynesian bag of tricks was supposed to work. Stage-managed perception (i.e. rising markets mean the economy is healthy and vibrant) was supposed to trump reality (i.e. the economy is sick, dependent on the dangerous drugs of debt and speculation).

Next up: bargaining. Central bankers are kneeling at the false gods of the Keynesian Cargo Cult and saying that they’ll offer “helicopter money” (more fiscal stimulus) if only the financial gods restore “growth.”

They hope that by being “good central bankers” the gods will delay the inevitable destruction of their empires of debt.

There are now signs of debilitating depression in central bankers. The failure of their policies is finally sinking in, and central bankers are sagging under the depressing reality. They look somber, freeze up at the microphone, and have withdrawn from “whatever it takes” euphoria as they realize that another round offree money for financiers and manipulated markets will only make the problems worse and erode what’s left of their crumbling credibility.

Only when central bankers accept the complete and utter failure of their policies and accept the reality that their policies have increased wealth inequality and crippled the global economy with debt, speculation and manipulation, can we finally move forward.

Until then, we’re stuck with the world central bankers have created: a world of rising wealth and income inequality, of permanent manipulation of markets as a means of managing perceptions and of speculative debt/leverage bubbles that will burst with a ferocity few expect or understand.

A Radically Beneficial World: Automation, Technology and Creating Jobs for All is now available as an Audible audio book.

My new book is #2 on Kindle short reads -> politics and social science: Why Our Status Quo Failed and Is Beyond Reform ($3.95 Kindle ebook, $8.95 print edition)For more, please visit the book’s website.

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Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US

Alan-Greenspan-Warns-That-Venezuelan-Style-Martial-Law-Will-Soon-Come-To-The-US-The-Dollar-Vigilante-676x374

It seems barely a day passes now without some big name person warning of imminent collapse.  The latest is Alan Greenspan. Read more ›


Welcoming @stacyherbert and @maxkeiser to the Virgin Podcast


The Scapegoat For the Global Financial Collapse

Let’s face it, the system is coming down.
Have you ever wondered “who” would be blamed this time around?

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BTFD: The Crucial Difference in Gold & Silver Markets

Alasdair Macleod Joins the Show From London for a Special Edition of Metals & Markets, Discussing: 

Doc, Dubin, & Alasdair Macleod Break Down the Action In This Holiday Edition of Metals & Markets: 

 

DOC’S GOLD & SILVER MARKET UPDATE:

The Royal Canadian Mint finally released Q1 sales numbers for 2016 Silver Maples, and they were a doozy: last year’s record demand of 8.9 million oz was smashed with an all-time record sales quarter of 10.6 million oz of Silver Maples!   

The Royal Canadian Mint is on pace to surpass 40 million oz in Silver Maple sales in 2016, which doesn’t even include the mint’s sales of Silver Cougars, Silver Superman Shield bullion coins, 10 oz RCM silver bars, or 100 oz silver RCM bars

The US Mint sold just shy of another million 2016 American Silver Eagle coins again this week, bringing the Mint’s 2016 sales totals to 22.8 million coins.  The Mint also announced the release of the 3rd America the Beautiful 5 oz coin of the year: 2016 Harpers Ferry 5 oz Silver ATB

Signs of Industrial Silver Shortage?  First Majestic CEO Keith Neumeyer shocked Bloomberg (and the rest of us) this week by revealing that a major Japanese electronics company is attempting to lock up future silver supply directly from First Majestic, citing silver supply concerns. 

We’ll keep an eye on this as Ted Butler has warned for years that industrial users will one day frantically horde physical silver in a panic over supply concerns, shattering the banksters’ grip on the white metal.

The Week’s Top Silver News Stories

The Week’s Top Gold News Stories

 

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Bitcoin Skyrockets And Is Now Up More Than 100% This Jubilee Year

Bitcoin-Skyrockets-And-Is-Now-Up-More-Than-100-Percent-This-Jubilee-Year-The-Dollar-Vigilante-676x374

Bitcoin has risen more than 25% in the last week, from near $430 to a high over $545 today. Read more ›


Jim Willie Issues RED ALERT WARNING: Immediate Risk of Systemic Lehman Event!

Golden Jackass Jim Willie has issued a true RED ALERT WARNING…

Click Here For Jim Willie’s Full URGENT WARNING On Immediate Risk of a Systemic Lehman Event:

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Global Financial Crisis Coming – Japan Warns of “Lehman-Scale” Crisis At G7

Japanese Prime Minister Shinzo Abe warned his Group of Seven counterparts Friday that the world may on the brink of a global financial crisis on the scale of Lehman Brothers.

GoldCore: Total Global Debt since 2007
The Japanese Prime Minister presented data yesterday at the G7 summit he is hosting, showing that commodities prices have fallen 55 percent since 2014, the same margin they fell during the global financial crisis, interpreting this as “warning of the re-emergence of a Lehman-scale crisis”.

The Japanese Prime Minister Shinzo Abe failed in his attempt to have the G7 leaders warn of the risk of a global economic crisis in a communique issued as their summit wrapped up today in Japan.

The final statement failed to address the scale of the financial crisis facing the world today and instead gave the impression that the worst is over with somewhat Orwellian language which declared that G-7 countries “have strengthened the resilience of our economies in order to avoid falling into another crisis.”

The communique gives the impression that there is little risk due to strengthened, resilient economies when the truth is that there are significant risks facing the global financial system and the global economy. Some of which include:

• The global economy remains vulnerable to recessions and new debt crises. There are fragile recoveries in the Eurozone, UK and U.S. while Japan remains in a recession
• Financial and banking systems remains vulnerable as seen in the very sharp falls in bank shares in recent weeks. Spanish, Italian, Greek and German banks have seen sell offs
• Geopolitical risk in the Middle East (Syria, Saudi, Iran etc.), increasing tensions amongst Russia, China and western powers and the increasing spectre of terrorism and war
• The Eurozone crisis is far from resolved and there is the risk of debt crises in China, the U.S., the Eurozone and indeed the UK

• BREXIT causes a short term risk but the real risk is the poor financial fundamentals of the UK economy – total debt to GDP ratio (public and private) is over 450% and completely unsustainable.

Japan had pressed G-7 leaders to note “the risk of the global economy exceeding the normal economic cycle and falling into a crisis if we did not take appropriate policy responses in a timely manner.” However, leaders again failed to take leadership and opted for spin and again lulling their electorates into a false sense of security about the financial and economic outlook.

Rather than doing the responsible thing in this regard, there appears to have been an attempt to focus on BREXIT and to scare UK voters into not voting for a UK exit from the EU. German Chancellor Angela Merkel went as far as to say that BREXIT had not even been discussed but that there was a consensus that they wanted the UK to stay in the EU.

Yet, a 32-page declaration putatively from the G7 leaders declared that “A UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create, and is a further serious risk to growth.” Brexit was listed alongside geopolitical conflicts, terrorism and refugee flows as a potential shock of a “non-economic origin”.

Japan is right to be warning that there is a danger of the world economy careering into another financial crisis on the scale of the 2008 Lehman shock given the scale of the debt in the world today is much, much more than it was prior to the first financial crisis – see McKinsey Global Institute chart above.

Diversification remains the key to weathering the likely impact of the next financial crisis on financial markets and assets including deposits. Paper and digital assets, including digital gold, contain unappreciated risks such as bail-ins and inability to transact, be paid, liquidity etc.

Direct legal ownership of individually segregated and allocated gold coins and bars will again protect and grow wealth in the coming years.

Recent Market Updates
– Gold Should Rise Above $1,900/oz -“New Bull Market”
– World’s Largest Asset Manager Suggests “Perfect Time” For Gold
– Gold As “Extremely Low-Risk Asset” – Rogoff Advises Creditor Nations
– Silver – “Best Precious Metals Trade”
– Bank Bail-Ins Pose Risks To Depositors, Investors & Economies
– Take Delivery of Gold and Silver Coins, Store Gold Bars – Hobbs
– George Soros Buying Gold ETF And Gold Shares In Q1
– Hedge Funds Take Record Long Silver Position As Silver Bullion Deficit Surges

7 Key Storage Must Haves - Copy (1)Learn the risks inherent in paper and digital gold


Truth About Markets – 28 May 2016


Evictions in Ireland by Big Banks Revive Famine Memories

As thousands of people now face evictions via their distressed loans being sold to vulture funds, word on the ground is that things are about to hot up.  New York based ‘Irish Central’ have an article drawing parallels between famine and bankster evictions. They ran this highly disturbing video. This is life under bankster occupation in all it’s grimness.

Irish Central Article here.

Article by Carol Hunt of the irish independent who was always a government lover until now -‘Noonan feeds the vulnerable to the vultures. Rather than Minister Noonan giving the unfortunate mortgage defaulter a break, he’s been fraternising with their enemy.’