[KR1001] Keiser Report: Neoliberalism Strikes Back

We discuss neoliberalism “striking back” as China gets to have a plan: one that involves buying up German high tech companies. In the second half, Max visits Piedmont Biofuels, a community-scale biodiesel project in Pittsboro, North Carolina, to talk to its president and co-founder, Lyle Estill.


#Keiser1000 Keiser Report: The Memewar Has Started

We celebrate 1000 episodes with special guests Steve Keen and Jim Rickards. We discuss how the meme wars began and where that war goes. We look at how the show began with the Obama administration and ripens into its 1000th episode in his last year having made The List.


‘Big 4’ step up the Bitcoin game, EY accepts Bitcoin in Switzerland

On Wednesday, September 7th this year, ‘Big Four’ accounting firm Deloitte has opened its first operational bitcoin ATM. The opening was quiet and took place in the downtown Toronto offices of Deloitte’s Rubix blockchain division.

Read More


Our “Gaslight” Financial System

The terms gaslight and gaslighting are entering the political media lexicon, with partisans of both parties accusing the other side’s candidate of gaslighting in the presidential election. The terms refers to the 1944 film Gaslight in which Charles Boyer subtly manipulates the environment to cause Ingrid Bergman to question her memory and sanity.

Generally speaking, gaslighting has been used in the context of personal relationships to describe a manipulative person’s attempts to undermine and control their romantic partner.

As I understand it, gaslighting refers to a specific set of manipulative techniques:

1. Questioning, belittling, discounting and undermining our experience of places and events.

2. Overwriting our memory of events with false memories, again by undermining, questioning and belittling our memories.

3. Discrediting and marginalizing our definitions of self and identity, in favor of the manipulator’s definition of our identity and place in the world.

4. Using authority and “experts” to disqualify and discredit dissenting views.

5. Denigrate and deny our lived experience and memory by repeating the institutionalized authority-approved narrative of “what actually happened.”

6. Disorient, discredit and destroy dissent with a torrent of false statistics, false narratives, false accusations and false claims of our errors.

Correspondent C.D. suggests gaslighting can be applied to the entire financial system. Here are his comments in reference to last week’s post Beyond Income Inequality:

Read more ›

Tagged with: ,

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market

by Jan Skoyles, Editor Mark O’Byrne

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain.

This decision is about one of the most important markets in the world: the gold market, an invest-able market worth an estimated $2.4 trillion and is also of significance for the world of Islamic finance.

sharia-gold-infographic2-1
The AAOIFI, in collaboration with the World Gold Council (WGC) and Amanie Advisors, has approved what will become known as the Shariah Gold Standard. This is a set of guidelines that will expand the variety and use of gold-based products in Islamic Finance.

Read full story…


Meet Chinese Education Companies — How U.S. Colleges Sell Enrollment to the Highest Bidders

Screen Shot 2016-12-05 at 10.17.42 AM

This past Friday, Reuters published one of the most important articles I’ve read in a while relative to the attention being paid to the issue. It details a streamlined practice through which Chinese “education” companies essentially bribe college admissions officers at top U.S. universities to accept tuition paying Chinese students. It’d be bad enough if these students were actually qualified, but in many cases these companies complete the entirety of the applications for the students, including writing their essays. It’s not uncommon for these student-clients to never see their own applications.

Read the rest here.

Tagged with: , , , , ,

A Disintegrative Winter: The Debt and Anti-Status Quo Super-Cycle Has Turned

How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn’t rising disunity and political polarization be accurate?

These are all characteristics of the long-wave social-economic cycle that is entering the disintegrative (winter) phase. Souring social mood, loss of purchasing power, stagnating wages, rising inequality, devaluing currencies, rising debt, political polarization and elite disunity are all manifestations of this phase.

Read more ›

Tagged with: , , ,

Potential “Systemic Crisis In Eurozone” After Italy Votes No, Renzi Resigns

Italy Votes No, Renzi Resigns – Potential “Systemic Crisis In Eurozone”

Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat?

Although the referendum on Sunday was officially on Renzi’s plan for legislative overhaul, it was widely seen in Italy as a vote of confidence in the prime minister and his government. In voting “no” — projections suggest 59% of those in the ballot made that choice — the Italians have set the stage for an early election and perhaps given local populist parties the chance to deliver a Brexit- or Trump-style shake-up.

But if the political uncertainty lasts, the fallout from the vote could have an effect not only within Italy — on its already embattled banks, for instance — but also beyond the borders of the boot-shaped country.

Read full story here…


The Weighted Average Cost Of Capital

Rising-Rates

The ‘bond vigilantes’ may have just returned…

Recent increases in Treasury yields are mathematically going to create a cascade of falling prices among bonds, stock, real estate and any asset with an income stream.

Read the full article here


The Last Time THIS Happened, Silver Prices Rallied $8

explode-volcanoe-fire-hotWith A Historic Month for the Markets Behind Us, Craig Hemke Joins the Show For In-Depth Analysis, Discussing:

  • Biggest Move in Treasury Market In HISTORY – Implications For Gold and Silver Bullion?
  • The TRIGGER? Last Time The Fed Hiked Rates in December, Silver Began An $8 Rally
  • Doc Reveals the REAL Reason For the Elite’s War On Cash  
  • Physical Demand is the ONLY Thing that Will End the Casino

 And Then All Hell Breaks Loose…

Click Here For Full Metals & Markets Gold & Silver Recap:

Tagged with: , , , , , , , , , ,

Beyond Income Inequality

Judging by the mainstream media, the most pressing problems facing capitalism are 1) income inequality, the basis of Thomas Piketty’s bestseller Capital in the Twenty First Century, and 2) the failure of laissez-faire markets to regulate their excesses, a common critique encapsulated by Paul Craig Roberts’ recent book and 2) the failure of laissez-faire markets to regulate their excesses, a common critique encapsulated by Paul Craig Roberts’ recent book The Failure of Laissez Faire Capitalism.

Read more ›

Tagged with: ,

Buyers Remorse – Trump Supporter Was Foreclosed on by Treasury Pick Steve Mnuchin

Screen Shot 2016-12-02 at 8.10.50 AM

This article is primarily written for all my readers who are either Trump supporters, or who reluctantly voted for him. My message to you is that we need to hold this man’s feet to the fire. The election is over, and you got your desired outcome. Now is not the time to be a cheerleader. Now is not the time to behave exactly like Obama zombies did after he became an obvious betrayal. What allowed Obama to do all the bad things he did, was the fact that his supporters made endless excuses for him. Don’t make excuses for Trump. If you do, your life will get a lot worse and this country will decay far more into an authoritarian oligarchy than it already has. It is up to you to make sure he doesn’t become the Wall Street puppet I always feared he would be.

Read more here.

Tagged with: , , , , ,

Gold and Silver Will Protect From Coming Financial Crash – Rickards

Gold and silver coins will protect from the coming financial crash – James Rickards, author of The Road to Ruin told Sean O’Rourke in a must listen to RTE Radio interview this week.

gold-and-silver-coins
Rickards is the best selling author on finance and money and advises the US intelligence community on international economics and financial threats.

His advice to people with savings or investments to protect from the coming crash? Buy gold and silver coins.

“For savers and investors at any level, modest or wealthier – put 10% of your invest-able assets in physical gold or silver, for smaller amounts, silver might do very well.”  

Read full story here…