Blog Archives

[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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Why I’m A Bitcoiner

When I begin telling somebody I am a bitcoiner, sometimes their eyes glaze over in the same way eyes would glaze over when I began a sales pitch. But they’re mistaken. I am not selling bitcoin, I am promoting an alternative way of living, doing business. At one point I too was in their shoes.

Maybe it is in my blood to yearn for change, maybe the grass is always greener on the other side. If one thing is for sure, I don’t see bitcoin as a viable medium of exchange and beyond simply because I have personally invested time into understanding it. It’s usefulness was made clear to me, by another digital native, and I soon understood that many of the world’s problems could be solved with a technology like bitcoin. It doesn’t matter that bitcoin’s price might go to unexpected heights. That award for those who sought change is merely an afterthought when placed in the perspective that distributed currencies make central banking obsolete.  (more…)

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Using Bitcoin to predict how much the 5oz MaxCoin Silver Cryptobullion will raise

Predictious is a Bitcoin prediction market where you can buy and sell shares representing outcomes of a specific event. Accurate predictions are rewarded with 0.01 Bitcoin for each share owned.

Yesterday Predictious has opened a new market on what amount the Special Edition 5oz MaxCoin Silver Cryptobullion project will raise. This StartJOIN concept was created after the success of the 1oz MaxCoin Silver Cryptobullion project which had a target of $5000 but actually raised a total of $111,699.

Predictious offers several binary contracts with different ranges: $10,000; $30,000; $40,000; $100,000.

By providing a financial incentive for users to predict correctly an event, prediction markets leverage the “wisdom of the crowds” to make more accurate predictions. They are often used academically and in the corporate world to predict future events, and they have often proven to be more accurate than various large and expensive surveys.

5oz maxcoin on predictious

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[KR625] Keiser Report: Time to Fake US Manufacturing?

We discuss the fact that when falling off a cliff, it is only the last few feet that hurt. They apply this to the collapsing US economy where they’re going to fake manufacturing till they one day make it, but Max suggests that, just as you cannot taper a ponzi scheme, you cannot recalculate your way out of economic collapse. In the second half, Max interviews former CIA case officer and co-creator of the Marine Corps Intelligence Center, Robert David Steele, who has authored a new book, The Open Source Everything Manifesto: Transparency, Truth and Trust. They discuss anarchy, panarchy, true cost economics and Max asks whether crowd-sourced answers to national intelligence questions will be met with a military-style response similar to what happened to Kim Dotcom.

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Bail-In’s & 3 giant reasons to store some of your wealth in #Bitcoin

When presenting to investors on alternative finance and the advantages of investing through new technologies like Equity CrowdFunding and Digital Currencies, I am often asked what the big deal is and what advantages digital currencies have over traditional government issued currencies known as fiat money.

Yes, fiat money has some big advantages over digital currencies in terms of stable prices. Also, as it is stored at a bank you can to worry less about security as deposits are guaranteed to a certain level by the government and banks take care of deposit security from hackers for example. On the other hand, digital currencies are hugely volatile and digital currency holders need to educate themselves on storing them safely and security.

However this is only half the story. It is when you start to understand what is happening today with Bail-In legislation that you start to realise that some of your wealth should be hedged in digital currencies like Bitcoin and invested through alternative measures.

All around the world policy makers have been trying to remove the burden of taxpayers having to bail out a bank again as we saw with the recent financial crisis and their answer is bail-ins. Bail-in’s is the process of a bank being able to expertise their right to ownership of your money deposited at a bank.

You see, when you deposit your money at a bank three things happen.

1. Banks become the legal owner of your money.

2. Banks spend your money as they wish by issuing loans as they wish.

3. Banks create further money, in fact 97% of the money in the economy with your deposit as collateral all through loans.

So under the event that a bank gets in trouble, which is very likely given that there was no genuine banking reform after the last crisis, rather than tax payer money bailing out the bank, your deposits would be used instead.

The banking system is no different from the £50bn ponzi scheme that Madoff was sent to prison for on a 150 year prison sentence. Banks require new money to pay off old money that does not exist. The government runs the same scheme through bonds, they have to issue new bonds to pay the interest on old bond-holders and the national debt has to increase forever for the government to continue.

Investor ratings service Moody’s even changed its outlook for Canada’s biggest banks to negative from stable, citing concerns over the Canadian government’s plan to implement a “bail-in” system in the event of a bank failure.

It is talked about on traditional media outlets like CBC News like this is very harmless and was pushed forward by Mark Carney, who is now our Governor of the Bank of England.

So yes this is top of the agenda in the UK.

Mark Carney, who was Bank of Canada governor at the time of pushing forward bail-in’s in Canada, said last April it was ‘hard to fathom’ a scenario where Canadians’ deposits would be touched, as happened in the Cyprus bank failure. I am less confident.

So how do you protect yourself and hedge some of your wealth from bail-in’s?

While extremely volatile and you need to spend a bit of time learning how to create paper wallets and store digital currencies in cold storage offline to fully protect yourself from hackers, digital currencies like Bitcoin are an easy way to hedge some of your savings. You can even store them at insured ‘bank-like’ vaults for a fee if you don’t want to learn any of that stuff. Digital currencies still have a long way to go to make them easy to use, but that is improving every day.

Alternative coins to Bitcoin are also available to those that want to build a diversified portfolio of exposure to digital currencies, but they are significantly more risky than Bitcoin. Think of Bitcoin like Gold, alternative coins like Litecoin as silver and all other coins as hugely speculative penny shares.

You see, there are three major differences between fiat currencies and digital currencies.

1. You completely own your digital currency and it is stored with you.

2. You allocate it as you wish as it is transferred person to person rather than bank to bank and unlike a bank account, it is completely neutral to your wealth, sex, race or how you spend it and is available to all connected to the internet.

3. It is created by anybody that downloads a software to their computer and participates in a process called mining. So it is not created by banks, it is created by people without debt.

Remember almost every asset class has exposure to bank bail-in’s as almost every asset is integrated with banking with the exception of certain commodities like Gold.

So to hedge against new rules to make bank bail-in’s easier, you need to look at alternative asset classes like digital currencies, the largest being Bitcoin.

In future posts I will tell you more about getting started, so enter your name and email somewhere on this page to receive updates.


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[KR622] Keiser Report: All Hail the Blockchain!

We ask, “What financial system ever existed a century and a half without a rebellion? And what banking system can preserve it’s liberties if the bankers are not warned from time to time that their people preserve the spirit of resistance?” And while many billionaires and plutocrats worry that the pitchforks are coming, Max and Stacy suggest that the revolution is already well under way, as crypto, blockchain and peer to peer technologies and systems have put a pitchfork in the corrupt financial system. In the second half, Max interviews Joel Dietz of and Simon Dixon of about crowdfunding, bitcoin 2.0 technologies like Swarm and the future of cryptofinance innovation.

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eBay, PayPal, Apple & Dish Approve Of Bitcoin. Is Google Next?

Originally appeared @ Dollar Vigilante

Bitcoin has proven itself as an established payments system, with some of the world’s most influential people commenting on its utility and innovation. Stephen Colbert called it “gold for nerds,” and Joe Rogan has been fascinated by the technology, having Andreas Antonopoulos on as a guest to the Joe Rogan Experience twice now. Some political figures have expressed concerns over the currency’s potential non-crime of “money laundering”, but overall the sentiment has focused on the technology and its goundbreaking nature. And so its really no surprise that many companies have adopted bitcoin. Bitcoin has now surpassed Western Union in total transaction volume and looks set to pass Paypal this year.


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The Home Of Central Banking Embraces Bitcoin


Originally appeared at Bitcoinomics

The Netherlands, and specifically Amsterdam, has, in recent history, been known for its marijuana culture. But now, the birthplace of the world’s first stock exchange and central bank, is becoming home to banks with an open mind about bitcoin.

Big banks in China and the US are avoiding bitcoin ventures, although some have hinted otherwise. Dutch banks, contrarily, are embracing bitcoiners as potential customers. National regulators are not cracking down on bitcoiners like in other nations and bitcoiners are noticing. Major bitcoin startups from around the world are setting up shop in Amsterdam. (more…)

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Young People Would Rather Bank With Google Or Amazon Than Big Banks

While people would traditionally go in and meet face-to-face with a bank teller, as we’ve all done, there’s a new gig in town: self-checkout.

Today, lines are forming for self-checkout banking. Only this process is much easier than the self-checkout of the grocery store because it’s online. And it’s not just bitcoin that is attempting to get the job done.

Originally appeared at Ounce.Me – the home of the Pizza/BTC ratio


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What Bilderberg’s 2014 Attendees Think About Bitcoin

Every year top names from industry, finance, academia and media gather in some of the world’s most beautiful locales to discuss world events. Since the meeting keeps its discussions private, individuals have concluded that the meeting is geared towards power consolidation on the planetary scale. Others defend Bilderberg as a mere confab of individuals who discuss the role they can play in making the world a more peaceful place.  The key topics for discussion this year include:

• Is the economic recovery sustainable?
• Who will pay for the demographics?
• Does privacy exist?
• How special is the relationship in intelligence sharing?
Big shifts in technology and jobs
• The future of democracy and the middle class trap
• China’s political and economic outlook
• The new architecture of the Middle East
• Ukraine
• What next for Europe?
• Current events

Originally posted @ Bitcoinomics


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[KR606] Keiser Report: Bitcoin’s nefarious cousin Darkcoin

We discuss bitcoin converts and the dual risk of deflation and inflation for holders of euros. Max asks “how is the euro a store of value when the ECB can just TAKE it from you during a ‘bail-in?’ In the second half, Max interviews Peter Todd, Chief Scientist & Architect of Dark Wallet and ZeroCash to discuss Dark Wallet, cryptocurrencies and a government sponsored 51% attack on the bitcoin community.

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Former US Mint Director Praises Bitcoin, Calls It “Currency Revolution”

A former US Mint director has tweeted in support of cryptocurrency, further cementing the relationship between gold, silver and bitcoin.

Alongside the crytocurrency tweet, former direct Edmund Moy tweeted about “market solutions” and “government protected bank oligopolgy.” Moy’s tweets refer in particular to a recent ruling against Credit Suisse, a large bank which was recently found guilty of aiding American account holders hide wealth.

Edmund C. Moy, former director of the US Mint, wrote how bitcoin is “a revolution in payment systems.”

Original Article appeared at Bitcoinomics


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