- You can criticise Vladimir Putin all you want but at least he understands economics, which is more than can be said for the senior government officials in the USA and Europe today.
— Freya Stevens (@BitcoinUKmedia) August 8, 2014
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.
This is the first half of the audio of Max speaking to the Wake Up Manchester crowd on 31 May 2014. Second half tomorrow.
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We discuss the $1 trillion humanitarian budget in America and the Roman precedent for it. We also discuss the new World Bank purchasing power parity estimates which see China’s economy surpassing America’s later this year, knocking the US economy off the top where it has been since 1872. In the second half, Max interviews Nafeez Ahmed about Tony ‘Blood for Oil’ Blair and the real reason for the American ‘humanitarian’ military missions to Europe, Asia and beyond.
In person, Max Keiser is everything you want him to be: sharp, articulate, and narcissistic. He slips into hysteria like other people slip into a bathrobe. Just mention JP Morgan CEO Jamie Dimon, and he’s gone.
“Fuck you, Jamie! Fuck you!” he screamed to an empty studio audience on set at Keiser Report, at the mere utterance of his name.
after this anecdote: high Bitcoin prices drive gold demand. To the left, Google Trends shows how interest, above $250, from bitcoiners in gold, increases exponentially.
According to its website, BitPay will join CoinBase as a payment processor with zero fees. Currently, Coinbase is using the model towards a merchants’ first one million sales, after which merchants will pay 1% fees. BitPay’s new model, however, asks for $30 per month per merchant, with zero additional fees. This is unprecedented in payment processing space, and will certainly send shockwaves through various payment processing spaces.
Both BitPay and Coinbase represent the world’s first zero-fee payment processors, driving home how revolutionary modern payment methods are.
To be certain, the news is bullish for the Bitcoin price, and will likely not make the impact it should via mainstream financial channels.