[KR959] Keiser Report: Lesser Evil Voting

We discuss the door opened to lesser evil as journalism collapses and neoliberalism dies. In the second half, Max interviews economist, Sandeep Jaitly, about negative rates, private placements and Trump’s gold standard plans.

[KR957] Keiser Report: Cryptocurrency Drama

We discuss ‘the Venezuela’ in the capital markets. In the second half they talk to Simon Dixon of BnkToTheFuture.com about the crypto-novela playing out with much drama in the crypto-currency space. In an exclusive, they also unveil the logo for Kim Dotcom’s BitCache.

Blockbuster Raise For BlockPay: $400K In Only Three Days



Looking back at the first three days of the second official ICO arranged and organized by the Economic EnterpBlockPayrise Engine of ICOO.io and its service provider CCEDK, it’s looking all great and very promising, as the initial funding realized so far in the first three days of the BlockPay.ch ICO have resulted in a nice raise  equivalent 683 in bitcoin (BTC) or in USD or roughly $400K USD, not bad at all, says Ronny Boesing, CEO of CCEDK ApS.

Recently Jamie Redman of news.bitcoin.com did a piece on BlockPay, and part of it reads below:

Christoph Hering (The CEO of BlockPay) was so kind to explain to us:

“What’s the role of CCEDK in BlockPay what’s it for?”

CH: CCEDK provides great ICO services for Blockchain companies like us. We were looking into all the technical details, marketing strategies, cold storage, etc. and decided that we need an experienced partner for a successful Crowdfunding. CCEDK is the best partner for us since they offer an all-in-one campaign and crowdfunding kit, whatever their needs – including escrow services, fiat gateway, token and asset creation and issuance, distribution, integration, marketing, pre-launch preparation and the ICO itself.

In conclusion, BlockPay is delivering all the content, logos and vision, and CCEDK is handling the entire ICO. ICO´s will establish themselves as the new Crowdfunding standards… and if you think about it, raising six figures from a global crowd is completely unheard of for regular startups who sell 20-40% equity for the same deal.

4 Reasons Why You Should Use BlockPay Today

CCEDK with its CEO Ronny Boesing in the frontline is the creator and visionaire behind the Decentralized Conglomerate servicing BlockPay, doing all necessary to help them reach their goal of crowdfunding. The DC include the ecosystems ICOO.io, crowdfunding 3.0, OBITS.io – powered by the people and people driven and the official token of the DC, BTSR.io – the blockchain advertising network, the decentralized trading platform OpenLedger.info, as well as the “brain” and strategic initiator behind it all CCEDK ApS making sure everything works out in the best interest of all parties involved, – whether they are investors or the team behind BlockPay.

Hillary Clinton Enters the Media Wars

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The other problem with the speech were its laughable and obvious contradictions. For example, she starts off by saying the Trump campaign peddles in conspiracy theories found in the “far dark reaches of the internet.” She goes on to name a few of these “dark reach” sites, spending a lot of time on Infowars and Breitbart. This is where things start to come unglued. If these sites are comparable to supermarket tabloids (as she claimed), why craft an entire speech around targeting them? Why would you spend so much energy on crazy fringe sites? The reason is because they aren’t fringe, and as such, she’s decided to personally engage in the burgeoning Media Wars.

As I discussed in my post from a couple of days ago, New York Timescolumnist Farah Manjoo recently whined on Twitter about how Infowarswas appearing at the top of Google search for Hillary health queries. He publicly called for Google to “fix” the problem. That was Tuesday. Two days later the frontrunner for the Presidency of these United States also attacks Infowars. Something big and unprecedented is going on here.

Read the rest here.

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China’s Great Divide: A New Cultural Revolution?

In Asia, it’s generally seen as unpatriotic to criticize one’s country in public, even if you disagree with its direction and leadership. The cultural norm is to maintain the “face” of one’s country by hiding its ills from outsiders.

This reticence is especially evident in China, which suffers from the memory of being subjugated by the Western imperialist powers in the late 19th century and early 20th century.

As a general rule, you will rarely hear any profound criticism of China unless you are considered a trusted friend; giving China a black eye in public is frowned upon, even by its domestic critics.

For this reason, the majority of the Western media has very little grasp of what worries Chinese people. Recently, I have heard fears of a Second Cultural Revolution being expressed in private.

Read more ›

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Buy Gold’s August Dip? Gold’s Monthly Sweet Spot In September as Chaotic Election Looms

Gold bullion has had its biggest gains in September over the past 20 years. Seasonally gold is entering the sweet spot with the Autumn being gold’s best season and with September being gold’s best month in the last 20 years.

Gold’s Monthly Performance – 1994-2014 (Bloomberg)

Given the backdrop of one of the most uncertain macroeconomic, systemic, geopolitical and monetary outlooks both the U.S. and the world have ever seen, we are likely to see gold do well in its traditionally seasonal strong period. Possibly, the most vitriolic, hateful and divisive election in U.S. history is set to be witnessed and this will likely lead to considerable volatility in markets and should see the dollar come under pressure. The election date is Tuesday, November 8, 2016. Read More…

Why I Left Canada and Became A Citizen of the Dominican Republic


It took nearly ten years but this morning I was sworn in as a citizen of the Dominican Republic. Read more ›

July Labor Report Increases Chances of US Fed Rate Hike

July Labor Report

The US economy might be shrugging off the election year fever to continue gliding on in a positive upward trajectory. In past, during the years when we have the US presidential elections; and especially when the incumbent is leaving the office the markets tend to cool off. However, if the employment data for July 2016 released by the Labor Department is anything to go by, then the US economy is proving to be more resilient than most economists expected.

Office People Around A DeskAccording to the US labor report for the month of July 2016, the US economy created 255,000 more jobs within the month. This was a very high record which went beyond all forecasts by different economists. Economic analysts surveyed by CNNMoney had predicted an average of 182,000 new jobs for the month of July; which is above the 180,000 new jobs estimates from a general pool of economists surveyed by other research firms. With the rise in the jobs created in the month of July, the US economy is sending a strong message that its business people are having a positive outlook into the future and are less worried about the slow global economic growth.

The positive news at the beginning of the second quarter of 2016 caused a stir in the financial markets. Equity markets rallied upwards to factor in the positive economic data and the implied optimism from the US public and private sector. Analyzing the July 2016 labor report,  AOMarkets noted that, “The chances of the Fed raising interest rates before year end have tipped back upward, pointing to a possible hike in September, but better odds of such a change occurring remain more distant. On the whole, the jobs report was a much needed relief for a suddenly-reeling US economy.”

After hitting an all-time low in job creation in the month of May, the second consecutive growth in employment numbers is a big stride in the right direction for the US. In 2015 the monthly average number of new jobs created stood at 229,000 which higher than this year’s 179,000. The effect from the outlier in May low numbers could be pulling down the average and we can only wait to see what the coming months have in store to get a clearer and better comparative figure for 2016.

The services sector led by professional and technical services was highest in job creation; creating 70,000 new jobs. The health sector created 43,000 new jobs, while leisure and hospitality created 45,000 new jobs. The public sector which entails government and government agencies created 38,000 new jobs; adding to the list of top gainers for the month of July 2016. On the other hand, the logging and mining sectors experienced a drop in jobs of about 7,000 within the same period of one month.

Payrolls also showed an improvement with an average increase in the hourly wage rate by USD 0.08, which translates to about 2.6% annualized growth rate. Working hours also increased by about 0.1 hours per week to average at 34.5 hours a week. This could potentially explain the increase in wages as a result of increased productivity by working for more hours. Labor participation also rose with small margins to 62.8% from 62.7%. Generally all the data released painted a very positive picture of the US economy compared to its peers globally.

Other major global economies are slowing down and implementing economic policies meant to stimulate their countries to increase production and create more jobs. Britain cut its lending rates by 25 basis points from 0.5% to 0.25% for the first time in seven years. It also unveiled other quantitative easing strategies meant to increase money supply in their economy to push up demand and fuel consumption driven economic growth. The Reserve Bank of Australia also cut its lending rates with a similar objective of stimulating consumptions to boost growth.

Federal ReserveOn the other hand, the US seem to be moving in the opposite direction having intimated that they it will be raising its interest rates most likely in September. The odds for a rate hike in September rose to 18% from the previous 12%; and the odds for the hike before year end rose to 46.5% from the previous 34.4%. Both probabilities however remain below 50% hence more positive economic news need to come forth to justify a rate hike.

What Can We Say About a System that Criminalizes a Safe Painkiller (0 Deaths) and Promotes Big Pharma Opiates that Have Killed 165,000 Americans?

Set your mindset to objective and come with me to the little-known but plucky nation of Lower Slobovia. The residents of Lower Slobovia have two choices when they are suffering from chronic pain:

1. A natural, non-addictive medication that they can grow themselves that has never caused a single fatality due to overdose, adverse reactions or mixing with other drugs (polypharmacy), or

2. synthetic opiates manufactured by pharmaceutical corporations that are highly addictive, trigger multiple adverse reactions, manifest dangerous polypharmaceutical attributes and have killed over 165,000 people in the past 15 years– 28 times the nation’s5,790 combat deaths in recent military conflicts.

Read more ›

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Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute”

Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits.

Gold Futures – August 24, 2016 (Zero Hedge)

Subsequently, gold dropped throughout most of trade in New York and ended near its last minute low of $1323.80 with a loss of 1.1%. Silver slipped to as low as $18.535 and ended with a loss of 1.75%. Gold futures moved sideways in Asia prior to moving slightly lower in morning trade in London. Read more…

The Stock Market 2015-2016: Ugly Chopfest with an Equally Ugly Megaphone

It’s interesting to take a longer-term view of the S&P 500 (SPX). Looking at a 10-year chart, the decline from almost 1,600 to 667 in the Global Financial Meltdown of 2007-2009 doesn’t look like that big a deal, given the incredible 6-year uptrend since March 2009.

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Jim Grant Is “Very Bullish On Gold”

Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.

Grant gave voice to his deepening concerns in an excellent interview with  Swiss business newspaper ‘Finanz und Wirtschaft’ (Finance and Economy):Read More…

BlockPay spearheads business-ready blockchain tools


The company is developing a versatile digital currency Point Of Sale system, alongside private transactions and communication features.

Blockchain payments outfit BlockPay is rolling out a suite of tools and features aimed at enabling merchants to leverage digital payments. BlockPay is the universal payment platform with an all supporting, fraud-proof, Blockchain-based global payment system as its driving engine. The company’s slick and easy-to-use smartphone wallet app allows customers to pay with any one of a large number of digital currencies and tokens. For merchants, there are the benefits of boosting sales, saving time and money – since digital payments are almost instant and zero cost compared to existing systems – and participating in new Loyalty Points programs. Development will be completed following a crowdfund later this month.

Helping merchants

BlockPay enables any merchant to accept one or more digital currencies, at zero cost. BlockPay not only supports popular digital currencies like Bitcoin, Ethereum, Steem, Dash and BitShares’ Smartcoins – it also allows customers to pay with gift cards all documented with the BlockPay eReceipts feature. Available in 44 languages, it can run as a standalone app, or integrated with existing Point-of-Sale systems such as Odoo, SAP, vending machines, kiosks, etc. Read more ›