Blog Archives

[KR632] Keiser Report: Dumb Money

A double header discussing the ‘dumb money’ piling into markets just as the Spectator’s cover story reads: “The Next Crash: We could be on the brink of another financial crisis.” We read through the piece in shock at the obvious signs of misallocation of wealth while chasing dumb bubbles – including a P/E ratio now at 25.6 compared to a historic norm of 16.5. In the second half, we examine more misallocation of wealth as the US spends an additional $1 trillion annually on healthcare compared to if they spent the same percentage of GDP as the next most expensive country, the Netherlands. While overspending by $1 trillion, the energy grid has the most blackouts of any developed nation and yet less than half a trillion could replace the dumb, old grid with a smart, new one.

Gold, crude oil, hogs, coffee or condos?

What would you guess has performed best over the past 10 years?

Hogs?

hog

Manhattan condos?

ny-condo

Or gold?

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If you only read the mainstream blogosphere and financial news, you’d be forgiven for thinking your cognitive bias had destroyed your returns on gold and that, in fact, you’re down or have performed the worst of all asset classes. When, in fact:

In terms of returns, gold topped the list with a compound annual growth rate of 12.91% over the past 10 years. West Texas Intermediate crude-oil futures came in second, rising 11.02% annually; coffee rose 9% over the 10-year period, and hog futures rose 5.34%.

By comparison, the S&P 500 stock-market index saw a 5.56% compound annual growth rate over the past 10 years.

Oh, and that Manhattan condo?

Meanwhile, those who invested in Manhattan residential real estate 10 years ago have seen values rise 6.5% over that time period

I’m not sure if that counts the property tax . . .

Get REAL: Silver

Stacy Summary: Sponsored by Mining Maven; Jan Skoyles interviews Mark O’Byrne about the latest in the silver markets.

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Subscription Keiser on ‘the Next Crash’

Stacy Summary: We take a look at Liam Halligan’s cover story on the Spectator:

spectator

Liam addresses the S&P500, p/e ratios, QE, and ...

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[KR631] Keiser Report: Blackmail Insurance Sale

We discuss reputational apartheid and delusion insurance as we all become blackmailable. In the second half, Max interviews microbiologist, Jason Tetro, author of The Germ Code, about what germs can teach us about the modern economy and about the similarities between Las Vegas and C.Dificile.

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QE for the hackers

Stacy Summary: It appears some hackers (hired by Jamie Dimon? Deutsche Bank?) have hijacked an ECB database and are demanding some QE for the release of the control of site.

ECB says money demanded after website hacked

qe-cker

Get REAL: Jan Skoyles Talks Whisky with Caskstrength

In the latest episode of the crowdfunded financial news series – GetREALJan Skoyles covers the topic of WHISKY. She interviews Neil Ridley and Joel Harrison from Caskstrength. You can find them on Twitter: @weheartwhisky

Hope you enjoy it! Comments below.

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[KR630] Keiser Report: Goldfish Cryptocurrency

We remember George W. Bush in 2008 saying Wall Street got drunk, needs to sober up and stop playing with fancy financial instruments as today those ‘fancy financial instruments’ go downmarket with subprime loans on used automobiles. In the second half, Max interviews Jan Skoyles, CEO of the Real Asset Company, about bitcoin, silver and gold and the new service of offering gold on the blockchain!

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Subscription Keiser with Mike Murphy of Maxcoin Cryptobullion

Stacy Summary: Mike Murphy of the Maxcoin Cryptobullion project visited our studio while in town for the crypto conference last night. In this podcast, we learn about his process of ...

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Geopolitics of Russian Gas & Oil: BRICS, US, EU and more

Stacy Summary: Interesting piece from Constantin Gurdgiev who understands these things better than I do. All I know for sure is that almost every political and economic disaster we see in the world today is due to energy and the need for control of said energy.

Geopolitics of Russian Gas & Oil: BRICS, US, EU and more

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So Ukraine is a flashing point of the old battlefields. It is still ‘hot’ but it no longer matters as much as Kiev and Brussels want it to matter. From here on, keep an eye on Latin America, Central Asia and Asia-Pacific for the places where Russian strategy is going to play out next, this time around with BRICS most likely alongside Moscow. The core driver for this change is not Russian ‘nationalist revival’ or Kremlin’s ‘aggressive aspirations’. Instead it is the force of the pince-nez squeeze of Western geopolitical pressures on Russia on its Western flank and Chinese demand for natural resources on the Eastern flank that is driving Russia to a reactive, not pro-active strategy. That this strategy is defensive is clear from its reactive and lagged nature. That this strategy is getting now active is clear from the geographic reach it assumed in recent months.

BitXatm to Launch 1,000 Bitcoin ATMs in US: MaxCoin To Be Accepted!!

BitXatm to Launch 1,000 Bitcoin ATMs in US

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Germany-based digital currency bitcoin ATM and point-of-sale (POS) solution provider BitXatm has announced a new partnership that will find the company shipping 1,000 units to the US in a bid to build the country’s largest bitcoin ATM network.

BitXatms can accept and dispense any digital currency and offers a web-based back end that allows operators to manage profits, cash flow and to change settings on the ATM remotely.

Find out more about maxcoin here.

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CA Halts Injection of Fracking Waste, Warning it May Be Contaminating Aquifers

CA Halts Injection of Fracking Waste, Warning it May Be Contaminating Aquifers

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A 2012 ProPublica investigation of more than 700,000 injection wells across the country found that wells were often poorly regulated and experienced high rates of failure, outcomes that were likely polluting underground water supplies that are supposed to be protected by federal law. That investigation also disclosed a little-known program overseen by the U.S. Environmental Protection Agency that exempted more than 1,000 other drinking water aquifers from any sort of pollution protection at all, many of them in California.

Those are the aquifers at issue today. The exempted aquifers, according to documents the state filed with the U.S. EPA in 1981 and obtained by ProPublica, were poorly defined and ambiguously outlined. They were often identified by hand-drawn lines on a map, making it difficult to know today exactly which bodies of water were supposed to be protected, and by which aspects of the governing laws. Those exemptions and documents were signed by California Gov. Jerry Brown, who also was governor in 1981.

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