We discuss the absurd tongue eating isopod sitting in the middle of the global financial system and what the system would look like with that parasite ripped out of the host economy. They look at Iceland and Kenya where parasites are being banished with old debt repudiation ideas and with revolutionary new crypto payment systems. In the second half, Max interviews futurist, IT architect and Free Software advocate, Arjen Kamphuis, about the internet in a post re-architected NSA world in which the free network is disintegrating but against which the likes of Google, Oracle and Microsoft are leveraged. They add up the costs to US corporations in lost revenue as nations across Europe and Latin America divorce themselves from industrial espionage on an industrial scale from America.
Stacy Summary: China leads the world in gold, silver and bitcoin. Unlike much of the West, they seem not only capable of holding more than one idea at a time but they also put their money where their mouths are. ETF holders and Western speculators can shriek all they want, but the unbanked and the people without bailout calmly prepare to rule the world.
One of the few rebellious Fed heads, Richmond Fed President Jeffrey Lacker, fired another salvo when he was testifying at the House Judiciary Committee’s hearing. He hit Wall Street risks that are wrapping their growing tentacles ever more tightly around the economy and taxpayers: the government’s and the Fed’s “implicit guarantees” to bail out financial institution creditors have now reached nearly the size of America’s GDP.
Read….. “Implicit” Government Guarantees To Bail Out Bank Creditors Tighten Their Grip On US Taxpayers
The era of bondholder bailouts is ending and that of depositor bail-in is coming.
The changing financial landscape post crisis poses challenges to savers and investors globally. It is important we consider how savings and investments can be protected from savings confiscation. Read more ›
Next Hangout with Keiser Report is this Friday, 6 December. Guests include Jan Skoyles and one or two others. Ask your questions below.
By Justin O’Connell of GoldSilverBitcoin & Bitcoinomics
Gold and silver investors have taken issue with Bitcoin, claiming that it is not a tangible asset, like gold and silver.
Their hypothesis is usually stooped in the notion that anything is truly “physical” as we perceive it in the first place. What if, counter-intuitively, the entire universe was composed of 0′s and 1′s itself? What if the universe was digital? Wouldn’t that mean that gold, silver, platinum and palladium are all, in fact, digital as well? Read more ›
Bubble markets force investors to make a stark choice: to look like an idiot now, or look like one later. Those that have sought to position themselves prudently and defensively since 2008 currently look foolish as liquidity-inflated stocks and real estate prices have passed them by over the past 2 years– while ‘safe havens’ like precious metals have suffered mightily. But it’s critical to remember that the nefarious nature of a bubble is to suck in as many participants as possible before bursting and causing maximum damage. Now is not the time to capitulate
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