We discuss the ‘sans dents’ as the new ‘sans culottes’ as the bubbles will continue until morale improves. They also discuss inflation without compensation. In the second half, Max interviews David Smith of the Geneva Business Insider Blog about the Swiss Gold Initiative, the impact of sanctions and the wave of anti-EU sentiment spreading across Europe.
Performed at the Yes Bar in Glasgow on Friday, 12 September.
We discuss ‘de-dollarization’ and ‘dumb’ bills which would reverse the ‘Truth in Lending’ Act. In the second half, Max interviews Jerome Booth, author of “Emerging Markets in an Upside Down World,” about sanctions, emerging market investments and the Argentine default.
We discuss bad attitudes and ‘free lunches’ from the UK government. Some benefit claimants have the ‘right attitude’ to get some, others need to be sent to attitude adjustment camps. In the second half, Max interviews Charlie Woolnough of CoinCorner.com about bitcoin, exchanges and canoeing to the Isle of Man.
We discuss the monkey behaving like a central banker throwing stolen money to holidaymakers, who, in turn, act like housing speculators and investment bankers – never asking from where the stolen money comes. In the second half, Max interviews games developer, Steve Favis, about crowdfunding Banksters, gamifying London and watching Twitch.TV.
And, oh, look at that . . . a tan? Is that what happens when that thing called ‘sunshine’ happens?
We discuss the impending second wave of the lastest mortgage crisis, this time due to Helocs (Home equity lines of credit) and HAMP (Home Affordable Modification Program) interest rate resets. In the second half, Max interviews Aaron Krowne on the true state of the housing market across America – from home ownership rates to mortgage arrears.
Opening NYC theme tune by Graham Plato; you can email him here.
Pimco Total Return Loses $3.9 Billion in August Outflows
Bill Gross’s Pimco Total Return Fund (PTTRX) had $3.9 billion of net investor withdrawals in August, the 16th straight month of redemptions that began in May 2013 as performance faltered at the world’s biggest bond fund.
Russia-China Prove Cheap to Investors as Money Flows Rise
“It appears that investors don’t believe that the situation in Russia will worsen much further from where we are now and expect the indices to bounce again from oversold levels,” Elena Ogram, a Zurich-based investor at Bank Bellevue AG, said by e-mail yesterday. The Chinese stocks are buoyed by the prospect of economic stimulus from the government, she said.
France caves and cancels €600m warship deal with Russia
In a significant escalation of European sanctions on Moscow, France has announced that it will be suspending the controversial delivery of a state-of-the-art €600m warship to the Russian navy.
Opponents of of GM labelling triple lobbying spending in 2014: Coca-Cola, Monsanto and other opponents of mandatory labels on genetically modified food have so far spent $27m in 2014
Opponents of mandatory labeling for foods made with genetically modified organisms spent more than $27m in the first six months of this year on GMO-related lobbying, roughly three times their spending in all of 2013, according to an analysis released Wednesday.
Stacy Summary: All the European economies are about to get the drugs and prostitution boost; if they also include kickbacks, bribery and other political graft, then you’ll see downright booming GDPs!
UK economy boosted by proceeds from prostitution and drugs
The revisions for 1997 to 2012 show the size of the economy was on average 4 per cent, or £50 billion, larger than previously thought each year. Estimates of growth have gone up by an average of just 0.1 per cent per year to 2 per cent.
The methodological changes incorporated the inclusion of spending on research and development and weapons as investment, as well as the introduction of spending on illegal activities such as drugs and prostitution in the calculation of the nation’s income.
Data previously released in May showed that illegal drugs and prostitution contributed £10 billion to the UK economy between 1997 and 2009.
Stacy Summary: Had a chat with a friend who is in the hotel business in New York. He’s also got a music site you can visit here. Anyway, some interesting ...
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In this episode of the Keiser Report, we discuss the Islamic State resembling the Taliban with oil fields – ie a whole lot like Oklahoma. We also discuss the new Misery Index, which shows labor force participation and velocity of money plunging. Meanwhile, back in America naked incidents are on the rise and, in Europe, suicide tourism rises four-fold. In the second half, Max continues his interview of bitcoin mogul, Trace Mayer, about bitcoin, central banking and geopolitics.
Opening music by Graham Plato; you can email him here.
Stacy Summary: A Pew poll finds that just 11% of self-professed ‘libertarians’ could even identify what that means. As Max always says!
You don’t know what ‘libertarian’ means
If you want to know what libertarianism is all about, don’t ask a libertarian, because most of them don’t know. A new poll from Pew Research found that only 11% of those surveyed who identified themselves as libertarian were correctly able to identify the very basic meaning of libertarianism as “someone whose political views emphasize individual freedom by limiting the role of government.”