[KR549] Keiser Report: Shrinkflation

We discuss the moral sink estate that is the City of London where dealers sell debt crack on street corners and many old ladies have their pensions stolen. They also discuss the corruption of the leveraged buyout whereby now whole nations are stolen using the nation’s own assets and resources as collateral and now, with the TPP deal, the globe is about to be taken for cheap. In the second half, Max interviews investment adviser, Pippa Malmgren, a politics and policy expert who used to be Special Assistant to the President of the United States for Economic Policy on the National Economic Council and former member of the US President’s Working Group on Financial Markets. They discuss ‘shrinkflation,’ inflation and the Plunge Protection team.

Tagged with: , , , , , , , , , ,
255 comments on “[KR549] Keiser Report: Shrinkflation
  1. jogador says:

    Will buying porn turn out to be bitcoin’s killer app?

    A quarter of subscriptions on porn.com come from bitcoin users, so will this vast market drive growth in the alternative currency?

    http://www.theguardian.com/technology/2014/jan/16/will-porn-com-bitcoin-app

  2. jogador says:

    Silicon Valley VC Thinks Single Bitcoin Could be Worth $100,000

    Chris Dixon, a partner with Silicon Valley venture capital firm Andressen Horowitz, insists that virtual currency bitcoin can become the leading means of making payments on the internet. If that happens, one bitcoin could be worth $100,000.

    http://www.ibtimes.co.uk/silicon-valley-vc-thinks-single-bitcoin-could-be-worth-100000-1432530

  3. Vonda Bra says:

    .

    !

    JIM WILLIE – article – 16.1.14

    A failed state lies before us
    http://www.silverdoctors.com/jim-willie-a-failed-state-lies-before-us/

    !

    .

  4. jogador says:

    Indian Bitcoin operators resume services, with caution

    Following weeks of uncertainty over the fate of Bitcoin in India, operators of the digital currency are now gradually resuming their operations and marketing their services.

    http://www.zdnet.com/in/indian-bitcoin-operators-resume-services-with-caution-7000025238/

  5. Wolferl says:

    @ Mirror

    Disgusting? But, but, me things that is an example of British humor, isn´t it? No? Gosh, that humor thing is a pretty though one for me as a German, really. ;-)

  6. jogador says:

    First Bitcoin Alternative Backed by Gold & Silver

    NoFiatCoin | XNF launches new digital currency which is backed by gold and silver and can be redeemed for the same.

    http://www.prweb.com/releases/nofiatcoin/xnf/prweb11494965.htm

  7. jogador says:

    Bitcoin takes up in Hong Kong

    they think Hong Kong will become the bitcoin capital of the world….

    http://english.cntv.cn/program/bizasia/20140116/102385.shtml

  8. jogador says:

    Wells Fargo gathers bank ‘n’ gov bigwigs to discuss Bitcoin ‘rules’

    according to these banksters: State needs to ‘regulate’ it before we start making er, coin, from transacting with it

    http://www.theregister.co.uk/2014/01/15/wells_fargo_bitcoin_meeting/

  9. jogador says:

    Bitcoin Fundraiser for Oakland Mayoral Candidate, Bryan Parker

    Someone in Government Who Actually Wants Your Bitcoin

    http://www.marketwired.com/press-release/bitcoin-fundraiser-for-oakland-mayoral-candidate-bryan-parker-1869526.htm

  10. jogador says:

    Bitcoin gains currency with Dublin tech workers

    In and around the centre of Dublin, a new currency is emerging as workers in the Silicon Docklands start making use of the digital cryptocurrency, Bitcoin

    http://www.irishexaminer.com/ireland/bitcoin-gains-currency-with-dublin-tech-workers-255418.html

  11. jogador says:

    Derivatives may escape transaction tax in euro zone – documents

    (Reuters) – Some financial derivatives may have to be ditched from plans to tax financial transactions in 11 euro zone countries to avoid harming sovereign debt markets, documents showed.

    http://uk.reuters.com/article/2014/01/16/uk-eu-transactiontax-idUKBREA0F0NL20140116?rpc=401

  12. jogador says:

    Thousands of consumers switch banks

    More than 300,000 consumers changed current account provider in the final three months of the year, using a new bank switching service.

    Britain:
    http://www.bbc.co.uk/news/business-25758345

  13. jogador says:

    Bank of England looks at bringing back 30 year fixed rate mortgages

    The Bank of England is looking at reintroducing 30-year fixed rate mortgages with the aim of avoiding the much-feared housing bubble.

    http://www.whatmortgage.co.uk/news/bank-england-looks-bringing-back-30-year-fixed-rate-mortgages/

  14. jogador says:

    BUYING GOLD is essentially a bet against the US economy continuing to recover, says analysis from the head of commodities research at investment bank Goldman Sachs, Jeffrey Currie.

    http://goldnews.bullionvault.com/buying-gold-011520144

  15. jogador says:

    Latest inflation figures: 3 things you should know

    There has been much cheering about Britain’s drop in inflation from 2.1% to 2%. However, living standards are still falling, the drop in inflation has little to do with the government and low inflation is a problem when you have high debts.

    http://www.opendemocracy.net/ourkingdom/james-meadway/latest-inflation-figures-3-things-you-should-know

  16. jogador says:

    US Climate Change Risk Committee Ready To Go

    The Risky Business initiative is co-chaired by its three founders: former New York City mayor Michael Bloomberg, former Treasury Secretary Hank Paulson, and environmentalist billionaire Tom Steyer. The three will sit on the Risk Committee, along with former CEOs, senators, and U.S. secretaries including Robert Rubin, Olympia Snowe, and George Schultz. The group is tasked with reviewing the initiative’s eventual assessment, as well as helping with messaging and sharing the results with the regions, industries, and markets that face the greatest risks from climate change.

    http://cleantechnica.com/2014/01/16/us-climate-change-risk-committee-ready-go/#5s5A584es7EV3opI.99

  17. jogador says:

    US Drops from Top 10 Economic Freedom Ranking

    US has gone down to 12th place in the 2014 Index of Economic Freedom, a report said, adding that the US is the only country to show such a prolonged decline.

    http://english.farsnews.com/newstext.aspx?nn=13921025001525

  18. jogador says:

    Hand in glove with the rich

    DAVID CAMERON’S slippery performance in Parliament over bonuses for RBS top dogs exposes the Tories and Liberal Democrats as hand in glove with the banking elite.

    http://www.morningstaronline.co.uk/a-b200-Hand-in-glove-with-the-rich#.UtfTILQXLXw

  19. mirrormirror says:

    .

    RT:
    UK worsens global hunger crisis by ‘blocking reforms on food speculation’



    According to WDM, five banks made an estimated total of 2.2 billion pounds from speculating on food, including wheat, maize and soy, between 2010 and 2012. Goldman Sachs, Barclays, Deutsche Bank, JP Morgan and Morgan Stanley were the top five global investment banks involved in global commodity markets, making an estimated 640 million pounds ($1 billion) from speculating on food in 2012 alone.

    http://rt.com/news/block-reform-food-speculation-688/

    @Wolferl … you “do” realize that DB is not longer “Deutsch”
    Touchee ;-)

  20. Youri Carma says:

    This is very interesting:

    Do not assume equities MUST benefit from QE!
    http://www.zerohedge.com/news/2014-01-15/most-important-chart-albert-edwards

    Commodities are a risk asset and benefited massively from QE1 and QE2, so why has QE3 had absolutely no effect on commodity prices? See the divergence of commodity prices and the equity market during QE3 in chart: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01/Edwards%20Chart.jpg

    Exactly the same thing could happen to equities if a recession unfolds and profits plunge at the same time as the printing presses are running full pelt.

  21. poopysnot says:

    MUST WATCH: Fallon and Springsteen’s Brilliant ‘Born to Run’ Parody Takes Down Chris Christie – NJ Gov’s favorite singer is clearly not buying Christie’s bullsh*t.
    http://www.alternet.org/culture/must-watch-fallon-and-springsteens-brilliant-born-run-parody-takes-down-chris-christie
    January 15, 2014

  22. Youri Carma says:

    Jippie! Terrible Tim – The World in Chaos,

    Lovely ain’t it …

    http://www.youtube.com/watch?v=7JAD3fpp01I

  23. poopysnot says:

    Shortage Of Gold Bars Develops In London – Follow The Money
    http://truthingold.blogspot.com/2014/01/shortage-of-gold-bars-develops-in-london.html
    Thursday, January 16, 2014

    Leaked TPP Document Reveals No Regard for Environment in Trade Agreement
    http://www.youtube.com/watch?v=r0oUAdGmq4k&list=UUrmm_7RDZJeQzq2-wvmjueg&feature=c4-overview
    Published on Jan 16, 2014

    Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana
    http://www.washingtonsblog.com/2014/01/u-s-banks-launder-hundreds-billions-illegal-drug-cartel-money-refuse-provide-services-legal-marijuana.html
    January 14, 2014 by WashingtonsBlog

  24. Youri Carma says:

    Little Recap on Fuck-Us-Imma!

    Fukushima Daiichi Unit-3, unlike every other reactor at the site, uses plutonium-based MOX fuel. UPDATE, 5:30 pm, Saturday, March 12, 2011. Reuters is reporting that Fukushima Daiichi Unit 3 has lost cooling capability: This is of particular concern since, unlike all of the other reactors in trouble, Unit 3 has been using plutonium-based MOX (mixed oxide) fuel since September 10, 2010. Consequences of an accident at a MOX-powered reactor would be even more severe than at a more typical uranium-powered reactor. http://www.reuters.com/article/2011/03/12/us-japan-quake-nuclear-cooling-idUSTRE72B3GI20110312

    http://www.nirs.org/reactorwatch/accidents/Fukushimafactsheet.pdf

    http://www.nirs.org/reactorwatch/mox/puupdat4.txt

  25. poopysnot says:

    Jim Willie: A Failed State Lies Before Us!
    http://www.silverdoctors.com/jim-willie-a-failed-state-lies-before-us/#more-37372
    By Jim Willie, GoldenJackass.com – January 16, 2014

  26. Youri Carma says:

    An there she goes, full fission dirty bomb MOX reactor Nuclear Explosion! http://www.youtube.com/watch?v=zGhOW3DLlow

  27. poopysnot says:

    103 Year Old Victim Of Foreclosure Mill Operator David Trott’s Greed, Passes Away
    http://mfi-miami.com/2014/01/103-year-old-victim-of-foreclosure-mill-operator-david-trotts-greed-passes-away/
    January 15, 2014

    Texana Hollis, who was 101 years old when Michigan foreclosure king and congressional candidate, David Trott evicted from her home 15 months ago in the dead of night and freezing rain over an unpaid $60 tax bill, has passed away.

    Mrs. Hollis eviction received international attention when her mortgage servicer paid David Trott’s law firm, Trott & Trott to evict her from her southeast Detroit home she had live in for nearly a half a century over a $60 tax bill.

  28. Jayme says:

    Nice show.

  29. poopysnot says:

    Chinese Water Torture
    http://blog.milesfranklin.com/chinese-water-torture
    Bill Holter – January 15th, 2014

    It was reported yesterday out of Switzerland that the Swiss want to become an international hub of Chinese renminbi trading. http://www.swissinfo.ch/eng/business/Swiss_inch_towards_renminbi_hub_dream.html?cid=37639498 The Swiss government is in talks to swap Swiss francs with China’s renminbi in anticipation of the Chinese currency becoming a reserve currency. It was also reported that Russia is negotiating an $18 billion “goods for oil” deal with Iran and that The White House is “concerned.” Ya think?

    Did we even need any more evidence that the world is turning towards China and their currency…and away from the U.S. and our dollars?…

    COMEX Gold Stocks At Record Lows As SGE Volumes Surge 61%
    https://www.goldcore.com/goldcore_blog/COMEX_Gold_Stocks_At_Record_Lows_As_SGE_Volumes_Surge_61_Percent
    16 January, 2014

  30. Youri Carma says:

    @poopysnot

    If Willie is talking about solutions I think it’s a good time to trough my vife cents in here again. Besides I think my solutions are a rather elegant framework for filling in the further details later.

    0 – FORCE MAJEURE! – Call Void All Bankster Bogus Derivative Debts! Because paying off these trough fraud induced debts have become a technical and practical impossibility.

    1 – Stop expensive wars.

    2 – Stop expensive bailouts.

    3 – Financial Disarmament which means dismantling the shadow banking system and freezing the instruments of speculative trade.

    4 – Democratizing monetary policy by taking their control over the monetary policy by making the illegal FED really Federal and skip out J.P.Morgan out of the equation during this proces which saves the American taxpayer 3% of thefting.

    The FED is not really Federal now but a couple of private banks owned by a hand full of families.

    5 – Reverse the very good repealed rules from the past:
    A – Reverse –>1999 Repeal of the Glass-Steagall Act that separated commercial from investment banking by the Clinton Administration.

    B – Reverse –>2000 Derivatives and credit default swaps were excluded from regulation.

    C – Reverse –>2004 The greatest mistake setting aside capital requirements by exempting the investment banks from maintaining reserves to cover losses on investments engineered and this allowed the investment banks to leverage financial instruments beyond any bounds of prudence.

    6 – This only can be done if the current failing financial Hanky panky hokes are removed from their offices especially when the whole “Fancy Fair” is Nationalized.
    - During this process Skip J.P.Morgan out of the equation.Saves the American taxpayer 3%.
    - Start publishing real figures again which are “for real” this time so confidence can restore.

    7 – Separate the bad mortgages from the good ones.
    - Revalue the mortgage-backed securities accordingly.
    - Completely sort out counter party risk for credit default swaps and interest rate swaps.

  31. mirrormirror says:

    @Youri … they’re already here …

    … even on Youtube ;-)

    111 – ANSWERS OF AN ALIEN FROM ANDROMEDA Nibiru and Events

    https://www.youtube.com/watch?v=arQxhrhRFsk

    7 mins.

  32. Youri Carma says:

    One of the important further details after the FED has been made really Federal and Jami Dimon has been thrown down the dungeon is creating money via long-bonds to restore and extend the infrastructure in it’s broadest sense meaning roads bridges but also the energy infrastructure for example.

    Old nuclear reactors have to be shut down to prevent the country from turning into Fallout 3 http://www.youtube.com/watch?v=pAN0ByjSsV4

  33. Useless Eater says:

    Thanks for posting your framework, Youri. I rarely ever see a bad new idea – or an unproductive discussion.

    ————————————————-

    Latest Benghazi news (because I smell blood and won’t let it go without closure):

    The narrative for Benghazi is changing to (something like) “It’s looking more and more like it was Stevens fault for not ordering enough security.”

    Well then, why didn’t they just say that from the start? If this is the case, then there is a very simple solution:

    Make Bloomberg president. OH YEAH!! You see, he is the master of protecting people from themselves so this would have never happened if he were in charge. Of course, the embassy cafeterias would then be salt-free and sugar-free. Oh well, such are the sacrifices we must make for security.

    See how fast this sugar narrative disintegrates when it rains?

  34. Youri Carma says:

    @mirrormirror

    I am also not convinced of the theory of parallel universes. I also think that there is no ‘Galactic Federation’ in the earthly sense though some different species of aliens work together.

    The universe is crowded with live like the earthly oceans. They never would have thought that there would be life in the deepest parts of our oceans, still life exists there. Even inside nuclear reactors some sort of algue manages to survive.

    I think we’re talking about over an hundred different alien species which visits or have visited earth at one time. Some of them stick around and have bases on earth even under water.

    The most encountered alien species is the little grey. Some misidentified greys are EBE’s Extraterrestrial Biological Entities, essentially biological robots used to perform specific tasks.

    The real greys are very interested in our DNA and many interbreeding cases are known. We also know that in abduction cases DNA lineage is followed for some reason so if you are a abductee there is a great change that your parents or grand parents also are or have been abductees.

    They have anti-gravity machines which make use of very high voltage resonance technology to create a gravity hill and gravity well which pushes and draws the space vehicle with incredible speeds trough the air. The air doesn’t even touch the vehicle since the gravity just pulls the air around the ship. That also why the can dive into water without a splash. Travelling in the centre of gravity means also being in a time machine. By skipping a split sec the vehicle can visually disappear in mid air. Being in the centre of gravity also means that you can make 90 degree turns at incredible speeds because there is no such thing as a G-Force inside the craft which is creating it’s own gravity.

    Can go on all night about this because I did my research and it’s all darn interesting …

  35. Youri Carma says:

    You can’t fire a conventional weapon from a anti-gravity craft but since the craft is high voltaged you can draw some high voltaged sparks I guess:

    U.F.O.Shoots Down U.S.Nuclear Missile.Retired Military Man Bob Jacobs,Explains The Event http://www.youtube.com/watch?v=w8wFmtr05Ko

  36. Youri Carma says:

    So, here’s explained by Paul LaViolette, how a very high voltaged saucer shaped anti-gravity machine, essentially working as one big capacitor, actually flies in a non-aerodynamic way:

    Graph: http://www.bibliotecapleyades.net/ufo_aleman/rfz/images/071.gif

    In analyzing the means by which the KM-2 device flew, it must be noted that gravitational force can be overcome through the use of a strong electrostatic charge as shown by the work of T. Townsend Brown beginning in the 1920s. This is sometimes referred to as the Biefield-Brown Effect. Imagine a torpedo-shaped model with a dielectric center section suspended by a string from the ceiling. If this model were charged with high voltage, one end would become positive and the other end would become negative. Movement would occur toward the positively charged direction if the voltage was sufficient and the charged ends remained separated by the dielectric (5).
    This dielectric is an insulating material which can keep positive and negative charges from interacting with each other and so cancelling each other out. They are commonly used in capacitors or condensers which have a positive charge on one side while retaining a negative charge on the other. If the charge can be contained by the non-conducting dielectric, a force is exerted in the direction of the positive side with the application of 75,000 to 300,000 volts. One way to conceive of this action is to imagine a gravity hill whose slope increases with the intensity of the ion charge. The craft being powered simply slides down the gravity gradient like a surfboard on a wave (6).

    This concept is a new, non-conventional form of flight. It is non-aerodynamic method of flight. All previous conventional flight had either been through the use of lighter than air balloons, winged craft powered by propellers, jets or rockets or the brute force of rockets themselves. Using this method, Brown advocated defeating gravity by generating another form of energy over which gravity could be surfed. It is a form of field propulsion.

    T.T. Brown found that when strong electric charges are separated by a dielectric, movement occurs towards the positive charge as if gravity were reduced on the positive side or as if the charged object were sliding down a hill.

    T. Townsend Brown demonstrated this means of propulsion to the American military during the 1950s. He used a saucer-shaped model tethered only by a high voltage line supplying the charge to the model (7). During that decade Brown built increasingly larger, faster models using this method. Brown found that a saucer or a triangle was the best shape for this type of flying craft. A secret proposal, code-named Winterhaven, was to develop a Mach 3 anti gravity saucer interceptor was put forth to the U.S.Air Force (8). This project was further developed through the1960s but after this all traces of this concept seem to disappear.

    Source: http://www.bibliotecapleyades.net/ufo_aleman/rfz/rocket.htm

  37. swell says:

    Jonah Hill gets Oscar nomination for his role in Wolf of Wall Street.

  38. mirrormirror says:

    @Youri … some interesting tid-bits here :

    Alien Beings Visiting Earth and Living in Society (Full Documentary)

    http://www.youtube.com/watch?v=5NI7RwWNB8M

    46 mins.

  39. Youri Carma says:

    That these saucers are in fact high voltaged capacitors can be learned from the Travis Walton case: Travis Walton:

    “When I felt the numbing shock, I blacked out.”

    The Abduction of Travis Walton. Part 1
    http://www.youtube.com/watch?v=7wJf_Aef5k0

    The Abduction of Travis Walton. Conclusion.
    http://www.youtube.com/watch?v=XWaoEcIZzdI

  40. mirrormirror says:

    @Youri … some interesting tid-bits here :

    Gavity amplifier @30 mins. onwards

  41. Youri Carma says:

    Travis Walton shares new theory on Fire in the Sky alien abduction
    http://www.youtube.com/watch?v=Nwy-A0OtQIA

  42. Wolferl says:

    @ Mirror

    Of course, Deutsche Bank is not “Deutsch” or German. It´s an investment bank from the city of London with a retail branch here in Germany. And the only reason why they still have their headquarter in Frankfurt is the fact, that the international bankster cabal wants submission from the German government, because if Deutsche Bank goes down the drain it´s the German taxpayer who has to pay the bill. Deutsche Bank is nothing but a parasite here in Germany.

  43. Youri Carma says:

    Bernanke Says QE Is Effective While Posing Little Inflation Risk
    http://www.bloomberg.com/news/print/2014-01-16/bernanke-says-qe-is-effective-while-posing-little-inflation-risk.html

    But … but … I thought it was all about deflation risk? And that inflation suppose to be good? Is he gonna tell me he was worried about inflation all the time now? Is he getting schizophrenic? Does he indeed need brain surgery now?

    Because despite all the double talk we had quite some dollar bashing/inflation going on.

  44. Youri Carma says:

    @mirrormirror

    Strange creatures. Maybe indeed some monkey alien circus business crashed on earth while on galactic tour?

    btw, there is the suspicion that some radar types could interfere with the propulsion system of some of these crafts. A theory also mentioned in the Roswell crash case.

  45. Youri Carma says:

    THE DAILY FRAUD

    - Currency Dealers Told Bank of England of Fix Trading in 2012
    - Mapping Li(e)borgate – Presenting The Octopus In The Libor-Rigging Scandal
    - Exclusive: U.S. regulators at Citi in London as part of FX probe
    - Deutsche Bank Said to Suspend Traders in Currency Probe
    - Banks Fail to Meet Trading Data Standards, Global Regulators Say

    http://forum.prisonplanet.com/index.php?topic=239077.msg1457372#msg1457372

  46. bbrebozo says:

    Give me freedom of speech. This politically correct speech crap, where people demand to be protected from holding more than one thought in their head at a time because they feel privileged right to have an elite brainwashed, group think brain. That politically correct speech is often waved around as if the person is more educated. Ha, it can go can both ways. Give me free speech and I don’t give a Fuck who’s sorry ass pee brain is pissed off.

    http://www.sott.net/article/272047-Got-Land-Teen-told-not-to-wear-sweatshirt-at-school

  47. no more banksters says:

    54 billion euros “flew” out of Greece since the beginning of the economic crisis!

    http://tiny.cc/2yws9w

  48. Nat says:

    @Youri Carma @jogador

    Why are you bothering to re-visit news from the 2011 tsunami?

    It was a hydrogen explosion from the separation of hydrogen from oxygen of water, due to the extreme heat down at the melty part.

    Was not a nuclear explosion of any kind..

    Problem with regurgitating (or the advantage if one intends to mislead or rewrite history) is that the knowledgable people are no-longer listening to correct the false statements.

    That’s how big conspiracy theories around quite mundane things come about on the internet as the slightly ignorant dredge up old falsehoods wothout anyone to set then straight.

  49. Nat says:

    Great guest! Should get Pippa on more often.

Access The Max Keiser Podcast
Weekly Downloads, live Q & A Session and exclusive video posts from Max and Stacy

Subscribe Learn More
Buy Gold Online
Watch the latest Keiser Reports:


Watch our Google Hangouts: