[KR567] Keiser Report: Financial Death Shriekers

We discuss the shriek factor in financial markets and the whirlpool of money death at MtGox. In the second half, Max interviews Jan Skoyles of The Real Asset Company about the biggest gold heists in history, the Goldilocks year for the gold and silver markets and the crowd-funding campaign for Get REAL.

Fred Wilson (investor in Twitter, Kickstarter, Tumblr, Zynga & Foursquare) blogs re MtGox:

There is a lot of venture capital being invested in the Bitcoin sector right now. Much of that investment is going into the infrastructure, processes, and technology to provide the kind of safeguards that are mentioned in that paragraph. We are witnessing the maturation of a sector and part of that will inevitably be failures, crashes, and other messes. Almost every technology that I’ve watched come into a mass adoption has gone through these sorts of growing pains. One big difference is that in addition to technology, we are also talking about people’s money when we talk about Bitcoin. To me, that doesn’t change the discussion and the implications, but it sure does amplify the emotions around it.

Full disclosure: I bought a little Bitcoin today. Not much. But I always feel good buying when there is blood in the streets in any market. It is my favorite time to buy.

266 comments on “[KR567] Keiser Report: Financial Death Shriekers
  1. Youri Carma says:

    Paco de Lucia, Spanish Flamenco-Guitar Virtuoso, Dies at 66
    http://www.bloomberg.com/news/2014-02-26/spanish-flamenco-guitar-star-paco-de-lucia-dies-in-mexico.html

    Paco De Lucia, Al Di Meola and John McLaughlin – Mediterranian Sun Dance Live https://www.youtube.com/watch?v=ADwfyxpriAM

  2. Youri Carma says:

    Facebook-WhatsApp Risks Sparking Privacy Probes Across EU
    http://www.bloomberg.com/news/print/2014-02-25/facebook-whatsapp-deal-risks-sparking-privacy-probes-across-eu.html

    Friends of mine already stopped using WhatsApp and Facebook for that matter.

  3. Mr. Ponzi says:

    Mt. Gox may not actually be in Japan.

    Here is some thing else…

    comment from:
    http://www.japantoday.com/category/crime/view/mtgox-bitcoin-plunges-as-website-disappears

    motytrahFeb. 26, 2014 – 12:51AM JST

    Bit coin was created by a person using the pseudonym Satoshi Nakamoto (中本哲史). He is believed to have over 1 million bit coins and has a net worth in excess of $1bn USD. Although if it’s unknown if he’s actually from japan as none of the code of documentation contains any Japanese language or so-called Engrish.

    Even with the Mt. Gox blow up the coin price is still trading around $400USD per coin. The issue is the exchanges are unregulated and folks out money really have no recourse. I can’t imaging the Japanese Police getting involved either.

  4. American Hero says:

    Who cares about the friggin bitcoins, FUCK! Get back to soundly insane financial journalism and barf slinging commentary for the love of profit, man!

  5. Youri Carma says:

    Presenting The #1 Financial Haven For Dictators & Criminals
    http://www.zerohedge.com/news/2014-02-26/presenting-1-financial-haven-dictators-criminals

    Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to?

    I’ll make this easy for you – multiple choice:

    a) Switzerland
    b) British Virgin Islands
    c) Hong Kong

    Somtin’s missing here:

    a) London
    b) Cayman Islands

    Bob Chapman: “8,282 of 9,800 hedge funds operate from the Cayman Islands” http://tinyurl.com/d27tlu

    OECD Puts CAYMAN ISLANDS On Tax ‘White List’ http://forum.prisonplanet.com/index.php?topic=126377.0

  6. Hondo Stalwart says:

    Here Is The FT’s Gold Price Manipulation Article That Was Removed
    http://www.zerohedge.com/news/2014-02-25/here-fts-gold-price-manipulation-article-was-removed

  7. poopysnot says:

    @jogador re: “..complete U.S. ban on Bitcoin”

    why did that headline remind me so much of this http://www.youtube.com/watch?v=vzDO86iSKWU

  8. poopysnot says:

    (Im -still- waiting on CarbonCoin …Al!!!)

  9. jogador says:

    @poopysnot

    “banning” is the democrats favorite word

  10. jogador says:

    Winklevoss Twins’ Bitcoin index provokes angry wails from rival

    A Blighty-based Bitcoin bod has claimed the Winklevoss twins’ cryptocurrency stock ticker has “taken influence” from his own open source service.

    The Zucker-baiters launched a website called Winkdex last week, which uses a patent-pending mathematical to formula to track the price of Bitcoin on several different exchanges.

    However, the boss of a similar site called Bitcoin Average contacted us to say that he already offered a similar service to anyone wanting to track the ever-fluctuating value of the virtual funny money.

    http://www.theregister.co.uk/2014/02/26/winklevoss_twins_make_yet_another_enemy/

  11. Youri Carma says:

    Andrew Hoffman–Soma Plus Newspeak Equals America Today 24.Feb.14
    http://www.youtube.com/watch?v=_18zPWlzDU4

  12. X says:

    Good news for bitcoin loosers. Max made some money… more loosers will buy and they lose again…

  13. jogador says:

    Citigroup: Here Are Three Risks Facing Bitcoin

    Mr. Englander outlined three risks facing Bitcoin right now:

    1) Bitcoin traders and potential investors lose confidence in the security and safety of Bitcoin transactions and holdings.

    2) Other digital currencies start eating into Bitcoin’s market share, taking away some of the first-mover advantage.

    3) “Competition emerges from conventional financial institutions using generic bitcoin technology, without the decentralization and within the conventional regulatory framework,” Mr. Englander says.

    http://blogs.wsj.com/moneybeat/2014/02/26/citigroup-here-are-three-risks-facing-bitcoin/

  14. X says:

    It’s a fartcoin…

  15. Vonda Bra says:

    .

    !!!

    CORBETT REPORT – 27.2.14

    Interview 830 – William Engdahl Exposes the Western Agenda in Ukraine

    “… In this wide-ranging interview, author and geopolitical analyst William Engdahl of WilliamEngdahl.com breaks down the history and context of the geopolitical machinations in Ukraine. We talk about the US/NATO encirclement of Russia and the evidence of western intervention in the ongoing Ukrainian crisis. We also discuss the breakdown of the Saudi-US relationship and the destabilization of the Middle East, as well as China’s increasing geopolitical influence around the globe. …”

    http://www.corbettreport.com/interview-830-william-engdahl-exposes-the-western-agenda-in-ukraine/

    !!!

    .

  16. poopysnot says:

    Eric Sprott: We’re Looking For Ways To Survive “[The] Counterfeiting Of Money”
    http://www.youtube.com/watch?v=pAKoBYlfwTo
    SprottGlobal – Published on Feb 26, 2014

  17. Youri Carma says:

    @Stacy

    Andy Hoffman has been working in the energy sector, maybe a good guest on the subject? http://www.youtube.com/watch?v=_18zPWlzDU4

  18. Youri Carma says:

    Youtube isn’t working well at my end. Wonder what’s going on …

  19. Aaahh says:

    Do I detect contempt for the audience?

  20. Youri Carma says:

    RED ALERT VIDEO! RUN, DON’T WALK FROM THE U.S. STOCK MARKET. By Gregory Mannarino https://www.youtube.com/watch?v=91dYbMQ2RNo

    Investors Send $21 Billion to Stock ETFs as S&P 500 Rises???
    http://www.bloomberg.com/news/print/2014-02-26/investors-send-21-billion-to-stock-etfs-as-s-p-500-rises.html

    Investors are returning to the U.S stock market after the worst selloff in seven months, adding almost 52 times more money to exchange-traded funds that own equities than bonds. About $21 billion has been added to ETFs that buy and sell American shares in the past two weeks as stock prices recovered, according to data compiled by Bloomberg.

  21. @Youri – says ‘video removed by user’

  22. poopysnot says:

    Buzzsaw – Secret Constitution and Bank Wars with Karen Hudes
    http://www.youtube.com/watch?list=UUBeyuzUWyvDAVpS_ibwMwnA&v=-yy0NmkIQcQ#t=12
    TheLipTV – Published on Feb 25, 2014

    World Bank whistleblower Karen Hudes joins Buzzsaw to talk about the secret other Constitution, banking corruption on a global scale, and how secret orders have undermined freedom around the world. Unpayable debt, the worth of gold and the possibility of reforming a broken banking system is all discussed in this interview hosted by Sean Stone.

  23. RR says:

    i,ll take coloured diamonds for 2 bit coin, Alex.

  24. Youri Carma says:

    @Stacy Herbert

    Yeah indeed, strange. Send an e-mail to FinanceAndLiberty via tube for clarification.

    But I was talking about Andy Hoffman who has an energy background: http://www.thedailybell.com/exclusive-interviews/29135/Anthony-Wile-Ranting-Andy-Hoffman-on-the-Bullish-Case-for-Physical-Gold-and-Silver/

  25. Youri Carma says:

    @Stacy Herbert

    OK, here the same vid from an other source. Maybe working at your end but gives an error message at my end at the moment.

    Andrew Hoffman–Soma Plus Newspeak Equals America Today 24.Feb.14 https://www.youtube.com/watch?v=_VqwiiXzxYY

  26. RR says:

    @Youri. andy hates bit coin.

  27. Youri Carma says:

    @RR

    I am not sure that everyone coming on Max Keiser’s endorses Bitcoin but people who have looked extensively at energy data, like Andy Hoffman did, are scarce so maybe a good guest to have on about.

  28. poopysnot says:

    China’s Central Bank Engineered Yuan’s Decline – PBOC Prepares for a Wider Currency Trading Range
    http://online.wsj.com/news/articles/SB10001424052702304071004579406810684766716?mod=djemalertMARKET&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304071004579406810684766716.html%3Fmod%3DdjemalertMARKET
    Feb. 26, 2014

    BEIJING—China’s central bank engineered the recent decline in the country’s currency to shake out speculators as it prepares to allow a wider trading range for the tightly tethered yuan, according to people familiar with the central bank’s thinking.

  29. poopysnot says:

    The Fed is prepared to expand QE to Video Arcades if conditions deteriorate. pic.twitter.com/Y2cmUSEAGA— Rudolf E. Havenstein (@RudyHavenstein) February 26, 2014

  30. pch says:

    ‘never doubt that a small group of thoughtful, concerned citizens can change the world; indeed, it is the only thing that ever has.’

    margaret mead

  31. poopysnot says:

    Jim Willie – An Exclusive Extended Interview (Part 1)
    http://financialsurvivalnetwork.com/
    February 26th, 2014

  32. Dale Walter says:

    I’d like to hear what Max has to say about the rash of banker suicides lately, many from JPMorgan. Some say it’s because the financial system is about to collapse.

  33. poopysnot says:

    Ukraine Hryvnia Down 17% in Two Weeks as Run on Banks Intensifies; 7% of Bank Deposits Withdrawn in 3 Days
    http://globaleconomicanalysis.blogspot.ca/2014/02/ukraine-hryvnia-17-in-two-weeks-as-run.html
    February 26, 2014

    Russian spy ship docked in Havana
    http://news.yahoo.com/russian-spy-ship-docked-havana-224015753.html
    4 hours ago

    DAHBOO77 – Russian Spy Ship Docked in Havana Cuba
    http://www.youtube.com/watch?v=OzgNNf3yDRo
    Published on Feb 26, 2014

    Havana (AFP) – A Russian warship was docked in Havana Wednesday, without explanation from Communist Cuba or its state media.

  34. poopysnot says:

    China, US argue economic reform at G20 meeting
    http://english.people.com.cn/98649/8546831.html
    February 26, 2014

    Brazil raises interest rates to 10.75pc
    http://www.telegraph.co.uk/finance/economics/10664306/Brazil-raises-interest-rates-to-10.75pc.html

  35. poopysnot says:

    USAF Base Orders 1200 Radiation Suits in Albuquerque, NM
    http://www.youtube.com/watch?v=1pBK_BcjNpg#t=72
    Published on Feb 25, 2014

    Albuquerque Air Force Base Orders 1,200 Particulate Radiation Suits
    http://pissinontheroses.blogspot.com/2014/02/prepare-to-evacuate-albuquerque-air.html
    February 25, 2014

  36. poopysnot says:

    BofA under probe over U.S. housing program, forex
    http://www.chicagotribune.com/business/sns-rt-us-bankofamerica-annualreport-20140225,0,271534.story
    February 25, 2014

  37. poopysnot says:

    Metals Discussion, or Something Different?
    http://www.tfmetalsreport.com/blog/5521/metals-discussion-or-something-different
    By California Lawyer – February 26, 2014

    Part of what I like to do is simply open my eyes, ears, and mind, and try to see connections between seemingly unrelated things. I am reminded of how Alton Brown of the Food Network used welders’ gloves as kitchen mitts. Now that was a great idea, simple, but revolutionary. It is that kind of simplicity that I strive to find.

    So, I tend to notice when there are some events that have taken place, that we all read about, and have taken note of, that the mainstream media ignores. That there is the very first clue for me to pay even more attention….

    One such event, or series of events, is the rash of recent banker “suicides.”…

  38. jogador says:

    At Request of ‘John Harvard Bitcoin,’ Club Holds Second Meeting

    Following a report last week that someone in the Harvard community was misusing high power computing resources for ‘Dogecoin’ mining, John C. Lo ’16 received what he called a “strange” email from an alleged alumnus who goes under the name ‘John Harvard Bitcoin’—an email that led to a meeting with other Bitcoin enthusiasts Wednesday night.

    http://www.thecrimson.com/article/2014/2/27/john-harvard-bitcoin-mining/

  39. jogador says:

    Bitcoin exchange Mt.Gox probed over collapse

    Jacob Dienelt, who trades bitcoins and sells paper bitcoin wallets, said people he knows in the bitcoin community in New York stopped using Mt. Gox when the exchange halted dollar withdrawals several months ago and said all withdrawals had to be in bitcoin. Dienelt said has not been subpoenaed.

    With Mt. Gox’s shutdown, Bitstamp has handled the most volume in the last two days, with more than 165,000 US dollar transactions, according to Bitcoincharts.

    http://www.pcpro.co.uk/news/387322/bitcoin-exchange-mt-gox-probed-over-collapse

  40. jogador says:

    Democratic Party Senator Chuck Schumer calls for U.S. to ban Bitcoin

    Nearly three years ago, Senator Chuck Schumer claimed that Bitcoin was money laundering — which is, of course, ridiculous.

    http://www.rawstory.com/rs/2014/02/27/senator-chuck-schumer-calls-for-u-s-to-ban-bitcoin/

  41. mirrormirror says:

    @Vonda

    Agriculture WITHOUT CHEMICALS – excellent – Permaculture .. 13 mins.

    Sepp Holzer – NEUE WELTORDNUNG – Was wir tun können sollten

    Die breite Masse wird zu Lemmingen erzogen
    VIELFALT statt EINFALT

    https://www.youtube.com/watch?v=T7gktuTUOJs

    13 mins

    @ca. 4 Minutes …. why our schools want to produce dumb Children

  42. jogador says:

    US and Japan authorities probe Bitcoin attacks as “leak” blogger claims there’s no buyer for MtGox

    the blogger who leaked Karpeles’s “crisis strategy draft” earlier this week said in a new post that MtGox has not been able to find an investor. Which may have something to do with the outfit having allegedly conducted zero audits of its customer deposits. Ever.

    investors approached by MtGox were so horrified by the situation at the exchange that they subsequently “restricted their own employees from buying or selling bitcoin themselves.”

    http://gigaom.com/2014/02/27/us-and-japan-authorities-probe-bitcoin-attacks-as-leak-blogger-claims-theres-no-buyer-for-mtgox/

  43. jogador says:

    Japan vice finmin: Will respond to bitcoin if needed

    Japanese Vice Finance Minister Jiro Aichi said on Thursday that the government will consider a response to the closure of the Mt. Gox bitcoin exchange if necessary, after ascertaining the facts of the case.

    He also said any regulation of bitcoin requires cooperation among nations to avoid loopholes.

    http://in.reuters.com/article/2014/02/27/bitcoin-mtgox-japan-idINDEEA1Q06H20140227

  44. poopysnot says:

    13 Reporters Test Positive for Radiation and 1,200 Radiation Suits Sent to New Mexico
    http://www.youtube.com/watch?v=6lwnAL6TvkE
    Published on Feb 26, 2014

    Government Sending 1200 Radiation Suits to New Mexico
    http://www.thewestwire.com/government-radiation-suits-new-mexico/
    February 26, 2014

    UPDATE: Local Carlsbad media is now reporting that 13 news reporters have tested positive for exposure to Americum-241, a radioactive particle known to have been emitted from the underground storage. The Carlsbad Current Argus also has stated that NWP spokesman Donavan Mager said that “there is no way the radiation could be spread.”

  45. poopysnot says:

    Lab sees rise in requests for radiation scans after WIPP accident
    http://www.currentargus.com/carlsbad-news/ci_25229998/lab-sees-rise-requests-radiation-scans-after-wipp
    02/26/2014

    Ceiling Collapse from Possible Explosion and Fire in New Mexico Nuke Storage Facility; Barrels of Nuclear Waste Smashed and Leaking
    http://www.turnerradionetwork.com/news/311-pat
    from Friday, 21 February 2014

  46. poopysnot says:

    Andy Hoffman Radio Appearance with John Stadtmiller of RBN
    http://blog.milesfranklin.com/radio-appearance-with-john-stadtmiller-of-rbn
    Andrew Hoffman – Published: February 26th, 2014

    Andy’s interview begins about 8 minutes in

  47. poopysnot says:

    Gerald Celente – Strategies For Protecting Your Wealth In 2014 And Beyond
    http://thevictoryreport.org/strategies-protecting-goldcore/

  48. Michaela Hirsch says:

    Hi Max and Stacey,
    there is an excellent business /economics prof in Vienna, Franz Hörmann who comes up with interesting solutions – why don’t you get in touch – have a look at this:http://www.youtube.com/watch?v=mm_70QwBI60

    Alle the best!

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