The Telegraph’s Ambrose Evans Pritchard reports that “the risk of a US recession next year is rising fast” and that “the Federal Reserve has no margin for error”.
AEP is quite well connected and very well informed on such matters and hence the need to consider what he is saying and more importantly prepare:
“Liquidity is suddenly drying up. Early warning indicators from US ‘flow of funds’ data point to an incipent squeeze, the long-feared capitulation after five successive quarters of declining corporate profits.
Yet the Fed is methodically draining money through ‘reverse repos’ regardless. It has set the course for a rise in interest rates in December and seems to be on automatic pilot.” Read full story…
The President of US Mint Authorized Purchaser Manfra, Tordella, & Brookes (MTB) joins Silver Doctors to discuss how the recent pullback in the precious metals markets is impacting wholesale investment demand for gold and silver. Friedman says investors who were waiting on the sidelines are now PLUNGING into the market.
Demand is increasing dramatically for both gold and silver, but especiallyfor silver:
We discuss the ‘double government’ and the Wikileaks that exposed it to be true. In the second half, Max continues his interview with Dr. Michael Hudson about his new book, “J” is for Junk Economics and about the U.S. presidential candidates.
Bix Weir joins Silver Doctors to give an update on the gold and silver bullion market. Weir says the markets are 100% rigged.
He predicts physical silver coin and bar shortages to appear soon since the artificially low prices will cause demand to outstrip supply.
He also predicts the price manipulation is coming to an end and reveals why:
In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every corner of the globe, where can it expand to for its “growth”?
We all know how old-fashioned colonialism worked: the imperial power takes political and economic control of previously independent lands.
In the traditional colonial model, there are two primary benefits: 1. The imperial power (the core) extracts valuable commodities and low-cost labor from its colony (the periphery) 2. The imperial power sells its own high-margin manufactured goods to the captured-market of its colony.
As gold and silver step back slightly to sit and wait for US economic data to be released later today we bring you news of the US Mint Silver Eagle demand that has ‘Returned with a Vengeance’ as reported by silverseek.com.
Last month it seemed some of the heat had come out of the US Mint Silver market when sales had failed to maintain the momentum seen in the first five months of the year when between 5.9m and 4 million coins had been sold each month.
But things have dramatically picked up. Sales of US Mint Silver Eagles in the month of October have reached 2,925,000, 75% higher than those seen in September when just 1,675,000 were sold, reports silverseek.com. Buyers have already bought more than the previous record month of June when they snapped up some 2,837,000. Given October’s buying patterns commentators now expect sales to touch 4,000,000 in total should the pace continue.
Silver Eagle sales this year lift the tally higher than all but five of the years in the last thirty.
Last year sales reached 47 million coins, and have reached over 35.35 million coins this year. At present the buying pace is not keeping up with the record year that was 2015, but it isn’t far off. We’re 80% through the year and sales are 71% of last year’s total. Read full story…
We discuss friends of Bill (Clinton) and the remarkable fortunes they’ve made landing lucrative aid contracts. In the second half, Max interviews Dr. Michael Hudson about his new book, J is for Junk Economics and about the US presidential candidates’ economic plans.
In the October 2016 Tax Justice Network podcast: we look at the offshorisation of Iceland’s economy, its collapse and recovery. What are the lessons? Also, Brazil adds Ireland to its tax haven black list and Panama threatens anyone who dares call it a tax haven with a new law…plus more scandal and unique analysis you won’t find anywhere else. Produced by Naomi Fowler for the Tax Justice Network and featuring Sigrun Davidsdottir, journalist, blogger and podcaster, journalist Ingólfur Sigfússon and John Christensen of the Tax Justice Network.
You can download this directly onto your mobile device. phone or tablet (‘right click and save link as’ here)
“Iceland didn’t do what Europe has been doing, lingering in a limbo and not really tackling the big issues, we can see that every so often the European banking sector is struggling now with Italian banks, with Deutsche bank and so on, and this is very much down to the fact the painful things have been avoided and I often say that Iceland shows that a quick stab is better than a lingering pain. Iceland took the quick stab, it was extremely painful at the time but at least things have and are being slowly cleared out and that makes a huge difference compared to the so many European countries where the lingering pain is still there.”
Sigrun Davidsdottir, journalist, blogger and podcaster. Read her Icelog
“Panama is not just a major secrecy jurisdiction, it is a politically delinquent secrecy jurisdiction…they are moving away from a democratic country where civil society can interact freely…to an increasingly autocratic model and Panama now deserves to have strong international sanctions imposed upon it to make sure it doesn’t proceed down this highly autocratic highly secretive, highly non-cooperative model because the only people who’ll benefit from that are the criminals”
Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.
The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives:
1. The “great divide” in American politics is between left and right, Democrat/Republican
2. The ruling Elite has delivered “prosperity” not just to the privileged few but to the unprivileged many they govern.
Both of these assertions are false. The Great Divide in America is between the ruling Elite and the governed that the Elite has stripmined.