We discuss the ‘Give Us Back Our Gold’ movement across Europe as governments seek to have their gold held domestically as fear spreads about the integrity of our fiat and debt world. Max describes the de-fiatisation of the world as the American empire makes way for the emerging power of China. In the second half Max interviews Sandeep Jaitly of FeketeResearch.com about negative GOFO rates, earning free fiat with your gold and taking us back to the Dark Ages with Quantitative Easing.
Invite to register your interest in being a part of history. https://t.co/olTAXN6o5Y pic.twitter.com/eirpJWcX8y
— Max Keiser (@maxkeiser) December 2, 2014
Central banks try to dominate the currency markets, but currency markets are an unruly crowd that can’t be easily cowed. In sovereign bond markets, central banks rule with an iron fist by imposing zero or even negative interest rates and buying up sovereign bonds, or promising to do so, with money of which they can create an unlimited amount. These “bold actions” inflated valuations and pushed down yields to grotesque levels, such as the crappy 10-year Japanese Government Bond yielding 0.32%.
But that kind of total control eludes central banks in the currency markets.
Read… Elegantly Soaring Dollar to Hit “Air Pocket” in 2015, Slated for Long-Term Decline
Lies are no substitute for truth and fantasy is no substitute for reality.
Follow the money is a good start–but what matters going forward is income, and most especially, net income and disposable income. Debt is important, money/capital flow is important, but when push comes to shove, all that matters is having net income/disposable income: to service debts, to invest, to spend.
Debt can be substituted for income, but not for long. Central banks have been playing a game for six long years: by lowering interest rates and making credit available, the central banks have encouraged households, enterprises and governments to substitute borrowed money (debt) for income.
Originally appeared on Bitcoinomics.Net
Bitcoinomics.Net had the opportunity to sit down with the Mycelium project, which was started with the goal of creating an independent, self-powered, ad-hoc network and infrastructure which could form wherever enough nodes came together. Having been before the days of bitcoin, the main purpose of this network was text messaging between active and present nodes within a radius of 300 meters. Bitcoin changed this, as the development team realized bitcoin fit perfect into the project’s goals. They re-focused their efforts. Read more ›
The Trews Victory Awning project on StartJOIN @StartJOIN https://t.co/td77snedZd Now accepting #bitcoin!
— Stacy Herbert (@stacyherbert) December 28, 2014
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The Doc & Eric Dubin discuss this week’s PM raid on thin holiday volume and look forward to whats in store for 2015 in this special Holiday Edition of Metals & Markets discussing:
Click here for the SD Weekly Metals & Markets With The Doc & Eric Dubin:
The end of rising wages = the end of mass affluence: we just enjoyed the Last Christmas in America (TLCIA).
As unemployment topped 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America. (TLCIA)
The government responded to the high unemployment, rampant inflation and rising budget deficits by manipulating data to mask the politically inconvenient realities of inflation, unemployment and deficits by playing with Social Security Trust Funds, inflation data, etc.–games it continues to play to cloak reality from the media-numbed public.
The economic stagnation, despite various stock market rallies and false starts, essentially lasted 10 years, from 1973 to 1982.
We visit Russell Brand at his Trews set in East London for a double header of Christmas cheer. The three discuss the big themes of 2014 and what to look forward to in 2015. They look at successful activist campaigns and not yet successful campaigns – but at the end of the day, the people have the power as the New Era Estate kicking Westbrook Partners out of London. They talk cryptocurrencies, crowdfunding and media distractions. And they wish you all a very Merry Christmas!
