We discuss Commie-Pus and the $8 trillion wasted by the US taxpayer in protecting the flow of oil out of the Strait of Hormuz where more than 50% heads to Asia. In the second half, Max interviews Liam Halligan of Telegraph.co.uk about the Chancellor’s Autumn Statement and mis-statements, about Liam’s forecast for Russia to be the largest economy in Europe by 2020 and they ask whether or not the Iran peace deal means Saudi Arabia is just not that important in a post-peak world.
We discuss the bitcoin price plunge as Baidu ditches the crypto currency and China bans it for financial firms. Unnoticed at the same time, Germany declares bitcoin to be private money and Merrill Lynch claims it can replace money transfer systems like Western Union. In the second half, Max interviews Dr. Christos Vlachos, CFO of the University of Nicosia, which is now accepting bitcoin as payment and he explains how the volatility in the price won’t matter to the university. They also discuss Dr. Vlachos’ hope to turn Cyprus into a bitcoin hub.
Shriekers gotta shriek! (via @sovereignmonkey)
Yes, I’m still shrieking!
Gold will drop hard in 2014. Why? Simple! The national debt will go down because Charles Ponzi believes ObamaCare is a good plan and that congress will cut the budget and actually produce a surplus, a weak job market is limiting gold purchases by the people on food stamps, an economist predicted that gold will drop to $496 in 2014, we expect peace in the mid-east, the Chinese will reduce their purchases of gold in 2014, and a new supply of gold has been discovered in the Sasquatch zone of California. I figure it is “an open and shut case.” Gold prices are going through the floor!
Click here for more on the MSM’s open & shut case for gold dropping in 2014:
Given this lack of warning, depositors need to plan in advance for the day when ATMs do not work and they cannot access cash in their bank accounts. Customers could only withdraw a maximum of €300 per day from branches and ATMs, and could only carry a maximum of €3,000 while travelling out of the country. Read more ›