We discuss the psychodeloflation caused by an LSD laced monetary system trying to distort our perception of what the economy and markets really are. In the second half, Max interviews Peter Bach, director of the new film, SELL OFF: The Abolition of Your NHS, a documentary about the privatization of the public health system in the UK. Max wonders if financial mercentaries may introduce Syrian style metal bar to the head as anesthesia in this new privatized system.
Does anything about 2014 remind you of 2008?
For example, the increasing signs of stress in the global financial system, from periphery currencies crashing to China’s shadow banking bailouts to the constant flow of official assurances that all is well and whatever situations aren’t well are on the mend.
The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc. certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like defaulting mortgages.
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Submitted by Michael Krieger of Liberty Blitzkrieg.
The reason Bitcoin refuses to “die”, is because it represents a genuine technological breakthrough in payments. The reason it hasn’t been exposed as a “ponzi scheme”, is because it isn’t one.
The more people actually look into Bitcoin, rather than simply dismiss it with superficial judgments, the more people recognize its incredible potential. A recent case in point seems to be Spencer Rascoff, CEO of online real estate database Zillow…
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The Bank of England chief, Carney, warned that Bank rates could reach 3% within three years, six times the current 0.5% rate.
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The only way to eliminate the financial parasites is to stop subsidizing their skimming and scamming, and the only way to stop subsidizing the financial parasites is to shut down the Fed.
Before I explain how the Federal Reserve has failed America, let’s do a little thought experiment. Let’s imagine that instead of creating $3.2 trillion and giving it to the banking sector to play with–funding carry trades and high-frequency trading, for example–the Fed had invested in carry trades itself and returned the profits directly to taxpayers.
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A massive explosion has reportedly ripped a large apartment building on Park Ave in Harlem early Wednesday, with numerous reports on the ground of a raging fire and numerous people trapped inside.
Click here for live updates on the situation as it progresses:
FINRA, for some reason or another decided to wade into territory it has no right or knowledge to discuss, when they issued a warning against Bitcoin yesterday. Where was their warning when Jamie Dimon referred to a $9 billion loss as “a tempest in a teapot”? Read More >>>
We want to make Keiser Report a place where issues like privatizing NHS – an abominable act of cowardice by the UK gov’t – gets proper attention. The economics of privatizing public services are awful. Costs go up, service goes down. Good, income producing assets that should be in the hands of the people who crated it – the British people – are sold off to pension funds in foreign countries. Pensioners in Germany will get more benefit from a privatized NHS than British people will.
“It’s about putting pain onstage in a way that other people will appreciate. You can show ‘em the scars but never show ‘em the wounds” Read more here…