[KR533] Keiser Report: Casino Gulag

We discuss the nouns, like ‘the poor,’ who want to be known as verbs, like ‘can’t make ends meet,’ and the thieving verbs (i.e., ‘defrauding investors,’ ‘manipulating markets’) who want to be called nouns, like ‘wealth creator.’ In the second half, Max interviews Liam Halligan about his recent Spectator cover story, “The Next Crash: We could be on the brink of another financial crisis.” They look at derivatives, leverage, GDP and more.

The one really important thing I have learned about the Edinburgh Fringe…


Liam Lonergan’s plan to write what I think is probably a ‘contemporary existentialist’ novella/piece of reportage about comedian Lewis Schaffer… Stranger things have happened. Though not much stranger.Read my latest daily blog in full here

• SO IT GOES – John Fleming’s Blog

Ukrainians tear up military writs

Stacy Summary: Interesting. Found this via Twitter. Don’t know where it was recorded or if English subtitles are correct (anyone speak Ukrainian?). Anyway, as always, it seems the ordinary citizen does not want the wars the elite fight.

Former Aide to Bill Clinton Speaks – “My Party Has Lost its Soul”

Bill Curry’s article published this past Sunday by Salon is simply extraordinary. One of the things I’ve felt has been lacking in America for some time is the ability for well-meaning people within the “power structure” to look inward and be honest with themselves about the immoral decay fellow members of their socio-economic class have wrought upon the nation via a singleminded pursuit of wealth and power. A perfect example of an ignorant, destructive oligarch completely devoid of self-awareness was put on full display earlier this year when Sam Zell appeared on Bloomberg TV and essentially said the poor just need to act more like the rich.

Read more here.

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Florincoin is a scrypt minable crypto-currency with quick transaction processing

Florincoin is a scrypt minable cryptocurrency with quick transaction processing

If Bitcoin is the future, then Florincoin is the future 2.0. Haven’t heard of it yet? Florincoin (or FLO) is an electronic currency that was released on June of 2013 by Skyangel, a member of the bitcointalk.org forum community. Some of the new coin’s features are 40 second block generation times, and ….

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Our Marginal Economy

Before you buy another ticket for the Bull market bandwagon of “don’t fight the Fed,” perhaps you should take a look at the quality of the debt the Fed has enabled and the diminishing returns on all that debt.

The mainstream media is delighted to highlight positive economic data, but nobody ever asks about the quality of the borrowers who are behind the rosy numbers. Behind the rosy numbers, sales and profits are increasingly dependent on marginal buyers and borrowers: those buying on credit who would not qualify to borrow money in a system ruled by prudent risk-management.

These marginal borrower/buyers are last on, first off: they qualify for loans at the end of a credit expansion, when lenders throw caution to the winds to reap the profits from issuing new mortgages, auto loans, student loans, credit cards, etc. to marginal borrowers.

These marginal borrowers are the first to default, because they have insufficient income and collateral to support their loans.

This rising dependence on marginal borrowers/buyers leads to an economy of diminishing returns: ever-rising rates of debt expansion are required to generate ever-declining rates of expansion of sales, profits, GDP, etc.

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Russia Buys 18.6 Tonnes Of Gold In June – Currency Wars Intensify

Aggressive buying of gold and particularly silver by Russia will likely lead to defaults on the COMEX gold and silver futures exchanges and potentially an international monetary crisis. As sanctions, economic war and currency wars intensify we expect Russian and Russian ally buying of gold reserves and selling of dollars to intensify … Read more ›

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American Gung Ho Destiny: Grab all you can, go for gusto & get rich

Teaser! Haven’t seen one of these in awhile.

New York comedian Lewis Schaffer – now a book is planned on his denuded selfhood


“It is a small, episodic book structured like a short story or a novella in the same vein as Julie Hecht’s book about Andy Kaufman – Was This Man a Genius? – or the stories of Belgian experimentalist Jean-Philippe Toussaint.”Read my latest daily blog in full here

• SO IT GOES – John Fleming’s Blog

Looks like UK has basically declared war on Russia (grabs popcorn)

Artwork by @mother_shipton

Artwork by @mother_shipton

Bitcoin is the Newest Alternative Investment for High Net Worth Individuals to Consider

I Have Bitcoins Bitcoin is the Newest Alternative Investment for High Net Worth Individuals to Consider

According to bitcoin news site CoinDesk, 2014 venture capital has flooded the bitcoin ecosystem reaching over $110 Million. Marc Andreessen, a well-known entrepreneur and investor, is betting big on the future of bitcoin with investments totaling upwards of $50 million. The Wall Street Journal’s Gregory Zuckerman reports that Andreessen has no plan on slowing down, claiming that he will invest “hundreds of millions” more in…..

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The Edinburgh Fringe’s free festivals as seen by The Free Festival’s Alex Petty


“I like comedy because it gives me a chance to meet bizarre, mentally-deranged people.”Read my latest daily blog in full here

• SO IT GOES – John Fleming’s Blog

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