[KR973] Keiser Report: Invasion of Debt Snatchers

We discuss the Invasion of the debt snatchers as tech gets leveraged and mobile phone bills get collateralized. In the second half Max and Stacy continue their conversation with Karl Gray (@paradimeshift) about the cryptocurrency and blockchain investment space.


Incent Loyalty is about to go Public and It’s Still Not Too Late to Invest

bitscan incent

Popular merchant directory, BitScan, is collaborating with blockchain-powered tokens platform, Waves, for one of the most anticipated crowdfunding events the crypto community has seen in a long time.

The platform they are working on is called Incent Loyalty and it aims to raise a minimum of $1M (£0.76M) for development and marketing, with a maximum cap of $5M.

The hope for early ICO investors is that they will benefit from a token backed by merchant sales volume from the very first days of launch. Incent bills itself as the the first, universal merchant-backed loyalty platform.  Incent will allow merchants to boost engagement and repeat business by incentivizing customers through enhanced blockchain technology.

Incent Ecosystem

Rob Wilson, CEO of Bitscan

“Merchants, meanwhile, undertake a liability every time they issue a token, so the viability of these schemes relies on only a proportion of customers actually using them. No one gets the benefits they could.

We know we can create a better proposition for merchants and customers alike. Our research shows e-commerce is crying out for a better solution and that’s precisely our aim with Incent.”

Waves founder Sasha Ivanov

“We are very pleased to be able to announce such a major partnership. This is exactly the kind of use case we anticipated when creating the platform and we are consequently working closely with BitScan to provide technical assistance and further support in any way we can.”

The ICO will take place in October, with the sale price of tokens rising over the course of the ICO as funding milestones are met.

Participate in the Incent Loyalty ICO

Incent ICO

This link will take you to the registration page for the Incent ICO.  Once you register it’s as easy as making a deposit with your bitcoins. Hurry though! The ICO starts in 30 minutes.


Why Krugman, Roubini, Rogoff And Buffett Hate Gold

Why Krugman, Roubini, Rogoff And Buffett Dislike Gold

By Jan Skoyles  Edited by Mark O’Byrne 

A couple of weeks ago an article appeared on Bitcoin Magazine entitled ‘Some economists really hate bitcoin’.

I read it with a sigh of nostalgia. As someone who has been writing about gold for a few years, I am used to reading similar criticisms as those bitcoin receives from mainstream economists, about gold.

gold price performance

As with bitcoin, gold is just a step too far for many economists. Criticism is often, as with bitcoin, targeted at the people who invest in it, rather than the asset’s own track record, fundamentals and safe haven attributes – classic attacking the ball and not the man.

This frequently involves name calling and the pejorative ‘goldbug’ label. This is used to try and discredit anyone who says anything positive about gold including being bullish on the price or seeing it as an important diversification. Often some of the gold naysayers refuse to distinguish between gold as a diversification in an investment or pension portfolio and gold’s role as a hedge against currency devaluations on one side and on the other calls for a gold standard.

Two completely separate matters – one pertaining to monetary policy and the other to investing, saving and personal finances.

In my experience to invest in gold is seen by the critics as the ultimate rejection of central banks, financial systems and government. These critics believe that faith in something that just gets mined out of the ground is baseless compared to something that ‘involves human endeavors (like stocks)’ as Joe Weisenthal of Bloomberg argued.

This ignores the fact that the production of gold, refining of gold, minting and fabricating of coins and bars and indeed the brokering, delivery and storage of bullion, and the running of the myriad of different precious metal companies involved in this quite large industry involves human energy, innovation and endeavours.

Below I touch upon some of those critics who continue to dismiss either gold as an investment or as a form of money which may play some role in the monetary system.

Nobel Prize Winning Krugman

If anyone could be accused of having a caricature of gold, it would be Paul Krugman. For him, gold investment is a push for the gold standard and anyone who advocates diversifying into gold is a lunatic, right wing “gold bug”.

Krugman most recently riled fans of gold when he ……

To continue reading click here.


New Poll Puts Mayor of Cormorant, Minnesota Ahead of Hillary and Trump

A new national poll has found that 54% of potential voters favor the mayor of Cormorant, Minnesota over either Hillary Clinton or Donald Trump. The poll surveyed a spectrum of potential voters and has a statistical margin of error of -3/+3%.

Here is the mayor of Cormorant, Minnesota: Duke, a nine-year-old Great Pyrenees. Duke has been re-elected twice, most recently at the end of August.(source: Zero Hedge)

The point being made here is polling is easily gamed. First, pick your goal: you want the poll to find Duke is favored above Hillary and Trump.

Read more ›

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You Want to Fix the Economy? Then First Fix Healthcare

What is blindingly obvious to employers but apparently invisible to the average zero-business-experience mainstream pundit is this: if you want to fix the economy, you must first fix healthcare. If you want to pinpoint a primary reason why U.S. enterprises shift jobs overseas, you have to start with skyrocketing healthcare costs.

According to a report by the St. Louis Federal Reserve, real (adjusted for official inflation) wages have risen a mere 3% since 1970. (No wonder wage earners don’t feel wealthier; if we use a more realistic measure of inflation, we haven’t gained 3%–we’ve lost ground.)

But if we look at total compensation costs paid by the employer (health insurance, workers’ compensation, employer’s share of Social Security, etc.) we find that these costs have soared 60%. In other words, if these labor overhead costs had remained stable (i.e. gone up only as much as inflation), employers could have distributed raises of 60%.

These labor overhead costs are the reason why wages have been stagnant for 46 years, and the dominant overhead expense is healthcare insurance. Why has healthcare soared from 6% of GDP to 18% in four decades?

One reason is we have the worst of all possible worlds:

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ECB “Refused To Answer Questions” – “Systemic Threat” Of Deutsche Is “Not ECB Fault”

The potential collapse of Deutsche Bank and the systemic risk it poses to banks and the European financial and monetary system moved into the German political sphere yesterday. The German government denied it was preparing a rescue of the embattled bank and the Bundestag attempted to ask questions of ECB President Mario Draghi about the causes of the “systemic risks” posed by the bank.

draghi_ECBRalph Orlowski | Reuters
ECB President Mario Draghi refused to answer questions in German parliament

The ECB president brazenly “refused to answer questions” regarding Deutsche Bank during a closed-door meeting in the German parliament. Afterwords in conversation with journalists, he denied that the negative interest rates being imposed by the ECB are partly responsible for Deutsche Bank and the German financial system’s troubles. Read full story….


The Banquet Of Consequences Is Being Served

Janet Yellen

The Fed and its central banking brethren (most notably the European Central Bank, Bank of Japan, Bank of England and Bank of China), have decided to sacrifice investing for tomorrow (namely savings, and capital expenditure in productive enterprise) in favor of higher prices today for financial assets. By keeping interest rates historically low — and increasingly negative — around the world, they have pushed capital much farther out the risk curve than it deserves to be. All while adding trillions of more debt into an already dangerously over-leveraged economy, and lavishly rewarding the rich elite at the expense of everyone else.

As Stevenson wrote, sooner or later, the banquet of consequences must be supped on. And for the Fed, the dinner bell is ringing.

Click here to read the full article


Are The ‘Invisible Americans’ the Key Players in This Election?

For the bottom 90% of American households, the “prosperity” of the “recovery” since 2009 is a bright shining lie. The phrase is from a history of the Vietnam War, A Bright Shining Lie: John Paul Vann and America in Vietnam.

Just as the Vietnam War was built on lies, propaganda, PR and rigged statistics(the infamous body counts–civilians killed as “collateral damage” counted as “enemy combatants”), so too is the “recovery” nothing but a pathetic tissue of PR, propaganda and lies. I have demolished the bogus 5.3% “increase” in median household income, the equally bogus “official inflation” body counts, oops I mean statistics, and the bogus unemployment rate:

Read more ›

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Euro “Might Start To Unravel” If Collapse Of Deutsche Bank

The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have written about in recent months. He writes:

Our image of German banks, and the German economy, as completely rock solid is so strong that it takes a lot to persuade us they might be in trouble.

And yet it has become increasingly hard to ignore the slow-motion car crash that is Deutsche Bank, or to avoid the conclusion that something very nasty is developing at what was once seen as Europe’s strongest financial institution. Its shares have been in free-fall for a year, touching a new low of 10.7 euros on Monday, down from 27 euros a year ago. Over the weekend, the German Chancellor Angela Merkel waded into the mess, briefing that there could be no government bail-out of the bank. Read story here…


How Incent Could Disrupt the Billion Dollar Loyalty-Points Business

Incent disrupts loyalty business

BitScan – the popular bitcoin business directory and merchant hub recently announced the launch of a rewards program called Incent. For this initiative, BitScan is collaborating with the custom blockchain tokens platform Waves. Traditionally, BitScan believes in the idea that commerce is the driver of adoption. Hence the company has always been interested in building out its merchant relationships, now with it latest initiative to tackle the multi billion dollar loyalty and rewards industry. Read more ›


U.S. Corporations Side With Saudi Arabia Against the American People Over 9/11 Victims Bill

Screen Shot 2016-09-27 at 3.07.11 PM

If you want to know just how insignificant the interests of the American people are when they happen to conflict with the profit margins of multinational corporations, the following article should leave little doubt.

Read the rest here.

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[KR972] Keiser Report: Houdini’s Magic Tricks in Modern Economy & Politics

We discuss what Houdini could teach us about the modern economy and politics, from the totally fake vanishing acts like the Libor charity funds in the UK to the very real entertaining extravaganzas like the Trump campaign. In the second half, Max and Stacy talk to Karl Gray (@paradimeshift) about his investments in Aid:Tech and how the blockchain is actually being deployed in the real world to solve transparency issues.