Friday , October 20 2017
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Max Keiser

Max Keiser

Timothy Maxwell "Max" Keiser (born January 23, 1960) is an American broadcaster and film maker. He hosts Keiser Report, a financial program broadcast on Russian state media channel RT. Until November 2012, Keiser anchored On the Edge, a program of news and analysis hosted by Iran's Press TV.

Articles by Max Keiser

GDP Is Bogus: Here’s Why

8 hours ago

The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity is the Gross Domestic Product (GDP), which never fails to loft higher, with the rare excepts being Spots of Bother (recessions) that never last more than a quarter or two.
Longtime correspondent Dave P. of Market Daily Briefing recently summarized the key flaw in GDP: GDP doesn’t reflect changes in the balance sheet, i.e. debt.
So if we borrow money to pay people to dig holes and then fill them with the excavated dirt, GDP rises to general applause. The debt we took on to fund the make-work isn’t accounted for at all.

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Silver Price Spiking & Gold Pushing Higher On The 30th Anniversary Of Black Monday

11 hours ago

The intra-day “bull flag” formed in silver:

Here’s a closer look at silver with good volume:

Which makes us wonder if this short-term bottom is in?

Here’s gold on the 3 minute chart:

And the dollar, which is struggling to maintain 93:

It is the anniversary of Black Monday:

And it appears it is indeed risk off:

And something is indeed spooking the markets. Though not exactly the President, the MSM narrative is wearing thin:

[email protected] “Russia sent millions to Clinton Foundation”
— Donald J. Trump (@realDonaldTrump) October 19, 2017
Here’s Bloomberg featuring this (in)famous day 30 years ago highlighting statements of many famous investors of the time:
PETER BORISH, head of research at Tudor Investment

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How Gold Bullion Protects From Conflict And War

15 hours ago

– Gold and silver’s historical role in conflict shaped the world today and the modern financial system– Gold played an important function in the great conflicts up to and throughout the 20th century– Gold and the effective use of bullion played a crucial role in the outcome of the American Civil War– Gold was an important economic agent in both World Wars, conferring a huge advantage on the allies– In a world beset with risks of war both in the Middle East and with North Korea, Russia and China … gold will protect
Editor Mark O’Byrne

Gold and silver have played important roles during periods of conflict and have protected people but also protected nations and conferred power. HSBC Chief Precious Metals analyst James

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Fraud, Exploitation and Collusion: America’s Pharmaceutical Industry

1 day ago

America’s Pharmaceutical industry takes pride of place in this week’s theme ofThe Rot Within, as the industry has raised fraud, exploitation and collusion to systemic perfection.
What other industry can routinely kill hundreds of thousands of Americans and suffer no blowback? Only recently has the toll of needless deaths from the opioid pandemic finally roused a comatose corporate media and bought-and-paid-for, see-no-evil Congress to wonder if maybe there should be some limits placed on Big Pharma and its drug distributors.
The Drug Industry’s Triumph Over the DEA (WaPo)
Explosive ’60 Minutes’ investigation finds Congress and drug companies worked to cripple DEA’s ability to fight opioid abuse
What other industry can

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Silver Bullion Prices Set to Soar

2 days ago

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness
by Myra Saefong via Barrons
Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.
With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For

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The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo

2 days ago

The sordid story of Harvey Weinstein is being presented as an aberration. It is not an aberration; it is merely a high-profile example of how the status quo functions in the USA, a.k.a. The United States of Weinstein, in which complicity, greed and corruption reign supreme in every sector and in every nook and cranny of power. 
The dirty secret of America’s status quo is that power and wealth are both extremely concentrated, which means there are gatekeepers who must be bribed, sated or serviced if you want to claw your way up the wealth-power pyramid. Mr. Weinstein’s alleged conduct and payoffs of those he exploited is par for the course in the corridors of power in the USA.

As a gatekeeper in Hollywood, Mr. W. could

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About That Oil For Gold-Backed Yuan Contract: Two Points EVERYBODY Has Missed

3 days ago

The first point (and a half) is a counter to this statement which everybody accepts as doctrine:
Anybody can buy gold with dollars at any time – no gold backed oil contract needed.
I won’t name names. We’re all on the same side here, but for some reason this topic is more polarizing than it should be.
Let’s think about “anybody can buy gold with dollars now” for a moment.
Dollars come from the United States. The benchmark global gold price in dollars comes from the United States.
It makes sense that if a company/country is selling a crap-ton of barrels of oil for dollars, said company/country would be most efficient in purchasing their physical gold on the COMEX with those dollars.
It’s not like a company or country

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Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures

3 days ago

– Brexit UK vulnerable as gold bar exports distort UK trade figures
– Britain’s gold exports worth more than any other physical export
– Gold accounted for more than one in ten pounds of UK exports in July 2017– UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error– Brexiteers argue majority of trade is outside EU, this is due to large London gold exports– Single gold bar (London Good Delivery) is, at today’s prices, worth just over £400,000– “There are few things you’ll ever touch which pack so much weight into such a small size”– UK’s economic vulnerability means safe haven gold essential protection

I’ve never played poker but I’m pretty sure the number one rule is not to

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Too Good For Too Long

3 days ago

Having just lived through the massive fires in northern California — on top of watching news reports over the previous weeks of similarly abrupt “before/after” transitions in Houston, Florida, Puerto Rico, Mexico City, Las Vegas and Catalonia — I have a new-found appreciation for the maxim that when it arrives, change happens quickly — usually much more quickly than folks ever imagined, catching the general public off-guard and unprepared.
We humans tend to think linearly and comparatively. In other words, we usually assume the near future will look a lot like the recent past. And it does much of the time.
But other times it doesn’t. And that’s where the danger lies in today’s markets.
Click here to read the full

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The Fading Scent of the American Dream

3 days ago

It’s been 10 years since I devoted a week to the theme of The Rot Within(September 17, 2007). Back in 2007, I listed 16 systemic sources of rot in our society, politics and economy; none have been fixed. Instead, the gaping holes have been filled with Play-Do and hastily painted to create the illusion of shiny solidity.
We live in a simulacrum society in which the fading scent of the American Dream is more a collective memory kept alive for political purposes than a reality. Even more disturbing, the difference between a phantom prosperity (or in homage to the Blade Runner film series, shall we say a replicant prosperity?) and real prosperity has been blurred by layers of simulated signals of prosperity and subtexts

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Ready To Surge: Dow Is Going To Need A Lot More Than 23,000 To Fend Off Gold & Silver

4 days ago

First this to start a Monday morning:

The U.S. has gained more than 5.2 trillion dollars in Stock Market Value since Election Day! Also, record business enthusiasm.
— Donald J. Trump (@realDonaldTrump) October 16, 2017
In the overnight session, gold and silver have been looking good with respectable price action:

For this Monday Outlook, let’s see where we have been over the last year. As we can see, gold and silver have been all over the place.
For example, Silver is lower than where it was a year ago:

On November 9th, we had the election night spike higher, and then two days lower, they brought the smash. We are in a good position for the week when we move our eyes to the right side of the chart. The 50-day is

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[KR1136] Keiser Report: Artificial Intelligence

4 days ago

In this episode of the Keiser Report from Standing Rock reservation in North Dakota, Max and Stacy discuss artificial intelligence – aka AI – as the Iron Horse Apocalypse of the modern social media man. The two recall their recent experience interacting with a real self-driving car and the car’s human operating system. They also discuss corruption, shakedowns and more financial news.
[embedded content]

‹ Jim’ll Brexit by Sketchaganda
Ready To Surge: Dow Is Going To Need A Lot More Than 23,000 To Fend Off Gold & Silver ›

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Jim’ll Brexit by Sketchaganda

4 days ago

Jim’ll Brexit by Sketchaganda

About Sketch aganda
Multi award eligible Pop Artist.

‹ How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders
[KR1136] Keiser Report: Artificial Intelligence ›

Tagged with: Brexit, Conservatives, EU referendum, jimmy savile, Sketchaganda

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How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders

6 days ago

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd:
You know they owe a lot of money to your friends on Wall Street. We’re gonna have to wipe that out. That’s gonna have to be — you know, you can say goodbye to that. I don’t know if it’s Goldman Sachs but whoever it is, you can wave good-bye to that.
How did the president plan to pull this off? Pam Martens and Russ Martens, writing in Wall Street on Parade, note that the U.S. municipal bond market holds $3.8 trillion in debt, and it is not just owned by Wall Street banks. Mom and pop retail investors are

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Bitcoin Might Not Displace Fiat Currencies Soon but Nothing Comes Close as a Store of Value

6 days ago

Bitcoin seems to be the proverbial cat with nine lives as it continues to survive the onslaught of governments, regulators and traditional financial institutions. The digital currency lost some ground in the market after negative comments from the CEO of JP Morgan, Jamie Dimon who referred to the digital currency as a “fraud”. Dimon also said that he would sack any staff of his bank that trades in the currency, Yet, Bitcoin didn’t waste time in getting up from the backlash and it appears to be rallying up towards previous highs.
In addition to Dimon’s negativity, China initiated some tough measures against Initial coin Offerings (ICOs) which in turn affected the general cryptocurrency market negatively. Yet, the

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No Twist In This Friday The 13th Movie: Gold & Silver Are EPIC SLASHERS

6 days ago

Sure enough, gold and silver were the slashers this Friday the 13th…
As soon as the data releases hit the tape this morning, gold and silver caught a nice bid and the dollar dropped:

The volume was nice in both metals:

And both metals managed to go out on the highs:

Last week was all about gold and silver doing just what we needed and nothing more. Recall that what we needed was to see the gold price come down some to silver and the silver price come up in relation to gold. And that is exactly what we got.
If we look in terms of the GSR, we can see that the trend continued this week:

The Gold-to-Silver Ratio now shows that it costs less than 75 ounces of silver to buy one ounce of gold. Said differently, Silver has

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U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold

7 days ago

– US Mint gold coin sales and VIX at weakest in a decade– Very low gold coin sales and VIX signal volatility coming– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week– U.S. Mint sales do not provide the full picture of robust global gold demand– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’s gold coin price up by 5%
– Trump’s war mongering could see demand accelerate– Germany seeing very robust demand and now world’s largest gold buyer
Editor: Mark O’Byrne
Source: ZeroHedge
US Mint coin sales fell to a decade low last

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Are You Better Off Than You Were 17 Years Ago?

7 days ago

If we use gross domestic product (GDP) as a broad measure of prosperity, we are 160% better off than we were in 1980 and 35% better off than we were in 2000. Other common metrics such as per capita (per person) income and total household wealth reflect similarly hefty gains.

But are we really 35% better off than we were 17 years ago, or 160% better off than we were 37 years ago? Or do these statistics mask a pervasive erosion in our well-being? As I explained in my book Why Our Status Quo Failed and Is Beyond Reform, we optimize what we measure, meaning that once a metric and benchmark have been selected as meaningful, we strive to manage that metric to get the desired result.
Optimizing what we measure has all sorts

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[KR1135] Keiser Report: ‘Deep State’

8 days ago

In this episode of the Keiser Report from Denver, Colorado, Max and Stacy are joined by artist Alex Schaefer to discuss city planning and state banks in Los Angeles. In the second half, Stacy talks to former George HW Bush assistant housing secretary, Catherine Austin Fitts, about the ‘deep state.’
[embedded content]

‹ [KR1133] Keiser Report: Housing Bubbles
Are You Better Off Than You Were 17 Years Ago? ›

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[KR1133] Keiser Report: Housing Bubbles

8 days ago

In this episode of the Keiser Report from Denver, Colorado, Max and Stacy discuss housing bubbles and surging economic activity. Despite the doomsayers, is the economy recovering? Stacy interviews Ellen Brown, author of ‘Web of Debt,’ about the state-owned bank proposal for Los Angeles. They also discuss the newly-discovered $14 trillion in debt previously hidden in the global derivatives market, and whether or not that could happen in a blockchain-based financial world.
[embedded content]
ps – sorry for delay in posting but we were driving across Wyoming, South Dakota and North Dakota for the past week and there was ZERO internet access. I’d get occasional pings of 3g on my iphone but they would last only for 10-20

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Mad, Mad, Mad, MAD World: News in Charts

8 days ago

Global Outlook – Mad, Mad, Mad, MAD World: News in Charts
by Fathom Consulting via Thomson Reuters
Alarm bells are ringing for economic fundamentalists such as Fathom Consulting.

Asset prices look increasingly out of step with fundamentals, and in some cases they look downright bubbly. And other geopolitical developments are similarly alarming. One might even describe them as…
Mad:
Equity prices in developed economies, and specifically in the US, are more than one standard deviation higher than their long-run average in relation to nominal GDP.
Mad:
The Nasdaq has again played its part, posting an even greater degree of fundamental overvaluation than the S&P 500. Its degree of overvaluation in relation to nominal GDP

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About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service

8 days ago

One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor Statistics makes to the components of the Consumer Price Index (CPI).
The basic idea is that when innovations improve the utility (and pleasure derived from) a product, the price is adjusted to reflect this improvement.
So if television screens become larger, while the price per TV remains the same, the hedonic quality adjustment adjusts the price down when calculating the CPI.
In other words, since we’re getting more for our money–more quality, more features, more goodies, more pleasure–the price is adjusted down to reflect this. If a TV that cost $250 had a 19-inch screen in the old days, and

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Young Guns of Gold Podcast – ‘The Everything Bubble’

9 days ago

– Young Guns of Gold Podcast – ‘The Everything Bubble’– Precious Metal Roundtable discuss gold in 2017 and outlook– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets
– “People are expecting too much from gold”– Economy: Inflation indicators, recession on the horizon, global debt issues– Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold
– “First monetary inflation, then asset inflation, next is price inflation …”
– Gold bull market resumed; silver should outperform gold

Indicators point to inflation, a recession is on the horizon and the ‘Everything Bubble’ is the great

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Our Protected, Predatory Oligarchy: Dirty Secrets, Dirty Lies

9 days ago

The revelations coming to light about Hollywood Oligarch Harvey Weinstein perfectly capture the true nature of our status quo: a rotten-to-the-core, predatory, exploitive oligarchy of dirty secrets and dirty lies protected by an army of self-serving sycophants, servile toadies on the make and well-paid legal mercenaries. Predators aren’t an aberration of the Establishment; they are the perfection of the Establishment, which protects abusive, exploitive predator-oligarchs lest the feudal injustices of life in America be revealed for all to see.
The predators reckon their aristocratic status in Hollywood/D.C. grants them a feudal-era droit du seigneur (rights of the lord) to take whatever gratifications they desire from

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London House Prices Are Falling – Time to Buckle Up

10 days ago

– London house prices fall in September: first time in eight years– High-end London property fell by 3.2% in year– House sales down by over a very large one-third
– Global Real Estate Bubble Index – see table– Brexit, rising inflation and political uncertainty causing many buyers to back away from market– U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world– Homeowners and property investors should diversify and invest in gold

Editor Mark O’Byrne
In what might be a sign of things to come, London house prices have fallen for the first time in eight years.
London house sales have fallen by a third as years of frenzied bidding come to a shuddering

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The future of risk-mitigated cryptocurrency investing – Crypto20

10 days ago

The cryptocurrency markets have shown high potential regarding returns on investments in recent times. With high profits, they have become the cynosure of the financial world, brewing interest among institutional investors and intraday traders alike. However, the primary challenge with these digital assets is their low liquidity which in turn manifests in the form of high volatility in the markets. The volatility and the feeble fabric of fundamentals surrounding these digital currencies make it difficult even for seasoned investors to take a definite call. Hence the majority of the players aren’t able to predict, time nor trade profitably in most situations.
To solve this problem and make cryptocurrency trading viable

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The Consent of the Conned

10 days ago

My theme this week is The Great Unraveling, by which I mean the unraveling of our social-political-economic system of hierarchical, centralized power. Let’s start by looking at how the basis of governance has transmogrified from consent of the governed to consent of the conned.
In effect, our leadership leads by lying. As we know, when it gets serious, you have to lie to preserve the perquisites and power of those atop the wealth-power pyramid, and well, it’s serious all the time now, so lies are the default setting of the entire status quo.
But all too many of us are willing to accept the lies because they’re what we want to hear.
As any competent con-man knows, you can only con those who want to be conned. You can

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Cartel Nervous: Gold & Silver To Be The Slashers On Friday The 13th?

10 days ago

The week is starting out a-typical and ending that way too. Today is Columbus Day, and the banks are closed, but the markets are open. On the fundamental front, we have a slew of Fed speakers starting tomorrow, and of course, by Friday the 13th, they are going to need all the jawboning they can get to keep their stock market propped, the dollar under hypnosis, and gold & silver out of the public conscious:

From Wednesday on there are market moving data releases for the HFTs to trade off of, including:
JOLTS
Treasury Budget
Business Inventories
Consumer Sentiment
This is why it matters: The data releases “hit the tape”. This means they are released, and everyone’s favorite tape is the market data feeding news platform

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Perth Mint Gold Coins Sales Double In September

11 days ago

– Perth Mint gold coins see sales double on month in September
– Perth Mint silver bullion coin sales surge 78% in September
– Perth Mint sold 46,415 ounces of gold in September– Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September
– Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months
Click image to enlarge
From Reuters:
The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday.
Sales of gold coins and minted bars jumped to 46,415 ounces in September from 23,130 ounces a month ago, the mint said.
Silver sales during the month

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Betrayal! The defining crime of our times

11 days ago

The recent acts of violence in the US, especially the horrific mass shooting in Las Vegas, are not arising out of a vacuum. Nor are the Brexit vote, the election of Trump, or the recent Catalonian vote for secession, random unconnected acts.
These — and future similarly disruptive events sure to come — are all arising out of the fact that we all have been betrayed by the leaders and institutions we depend on.
Click here to read the full article

‹ A Golden Sunset & Silver Ripples Mean One Thing: SURFS UP

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