Monday , December 16 2019
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Stacy Herbert



Articles by Stacy Herbert

[KR1469] Keiser Report: Toxic Virtue Signaling

15 days ago

In this episode of the Keiser Report, Max and Stacy discuss the toxic consequences of shipping plastic to be recycled. The latest reports from Indonesia show that plastic waste exports to the nation has caused dioxin pollution as high as that near the notorious Agent Orange hotspot in Bien Hoa, Vietnam, which is considered one of the most dioxin-contaminated locations on Earth. In the second half, Max interviews debt campaigner, Joel Benjamin, about the latest on the toxic debt in the UK where local councils are paying an 80% penalty to get out of onerous LOBO loans from the taxpayer-owned Royal Bank of Scotland. They also discuss the ongoing scandal of the dangerous cheap cladding covering many buildings in the UK.

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[KR1467] Keiser Report: Downgrading the world on global dystopia

19 days ago

In this episode of the Keiser Report, Max and Stacy discuss Moody’s issuing a world debt downgrade warning (WDDW) on rising political unrest. Despite this rising turmoil, the Fed keeps printing new millionaires as QE continues to rescue the ‘haves’ at the expense of the ‘have nots.’ In the second half, Max talks to Alasdair Macleod of Goldmoney.com about ‘plans for global dystopia,’ and why and how it is that policy planners are prepping for a post-fiat world.
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[KR1466] Keiser Report: Repo Markets & UBI

23 days ago

In this episode of the Keiser Report, Max and Stacy discuss the Fed censoring information related to which bank or banks have been receiving bailouts via repo markets. For at least two more years we are told, the Fed will keep the information confidential for the ordinary citizen, while banks will, of course, have insider knowledge. In the second half, Max talks to Ellen Brown, author of ‘Web of Debt,’ about the ongoing Fed intervention in the repo markets and what this is telling us. Ellen also discusses Universal Basic Income and why she believes it is a good policy for the Fed to implement for everyone, not just bankers.
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[KR1465] Keiser Report: Punishment Bonds and Bitcoin on Mars

23 days ago

In this episode of the Keiser Report, Max and Stacy discuss the negative yielding ‘punishment bonds’ causing pain to investors in Europe as negative yields soar into less negative territory.
In the second half, Max talks Dhruv Bansal of Unchained Capital about ‘bitcoin astronomy’ and how “the desire to travel far away to start a new blockchain will turn out to be a powerful driver of human expansion throughout the future of our species.” And, if we get to Mars, can we mine bitcoin there? Or is it too far from the ‘center of hash?’
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[KR1464] Keiser Report: A rivalry turned ‘financial war’

26 days ago

In this episode of the Keiser Report, Max and Stacy discuss the looming ‘financial war’ between the US and China and why it could lead China (and other nations) to develop other independent clearing systems to avoid the weaponized dollar.
In the second half, Max talks to Tyson Slocum about the curious case of a mysterious buyer for El Paso Electric and what it means in a day and age when more and more of public companies are going private. Are we in another period of robber barons? They also discuss the situation out west with PG&E in California.
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[KR1463] Keiser Report: Trump: Easy to read

27 days ago

In this episode of the Keiser Report, Max and Stacy discuss the former top trade negotiator for China claiming that dealing with Trump is great as he is so easy to read thanks to his non-stop tweeting. They also discuss Venezuela’s president holding up a bitcoin hard wallet just a year after the UK refused to return their gold. In the second half, Max talks to Dr. Michael Hudson of michael-hudson.com about repo markets, national debt, China, trade wars, and more.
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[KR1462] Keiser Report: Cash and debt pile

November 16, 2019

In this episode of the Keiser Report, Max and Stacy discuss Warren Buffett’s $128 billion cash pile. In the second half, Max talks to Professor Steve Keen about the rapidly climbing pile of U.S. debt now over $23 trillion and whether or not it matters.
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[KR1455] Keiser Report: So Sleepy

October 29, 2019

In this episode of the Keiser Report, Max and Stacy discuss a BBC journalist who visited rural Ohio to see what voters thought about the situation in Syria. Almost all of them said that they were too busy working multiple jobs and ‘too sleepy to concentrate.’ This reminds Stacy of the story of Warren Buffett calling then Treasury Secretary Hank Paulson in the middle of the night, during the 2008 financial crisis, to convince him to inject $250 billion directly into the banks. Paulson recalled that he was so sleepy he thought ‘Warren’ was his mother’s gardener. He got the bailout. In the second half, Max talks to Dmitry Orlov of Club Orlov about his views on anti-Russia hysteria and whether or not China will surpass the

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[KR1454] Keiser Report: Commerce with all nations

October 27, 2019

In this episode of the Keiser Report, Max and Stacy discuss the battle between old principles and new and ask what Thomas Jefferson meant when he wrote that “Money, not morality, is the principle commerce of civilized nations.” And is Angela Merkel right to think first of her domestic manufacturers? What, also, does it mean that China now has more millionaires than America?
In the second half, Max talks to Dan Collins, a businessman and investor who lived in China for twenty years before moving back to the USA this year. They discuss the NBA, Huawei, COSCO and Tesla’s Gigafactory in Shanghai
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[KR1453] Keiser Report: Paper is Poverty, a Ghost of Money

October 25, 2019

In this episode of the Keiser Report, Max and Stacy discuss the spooky signs across the world that prove ‘paper is, indeed, poverty,’ for it is a ‘ghost of money’ rather than money itself. And as such, it can hide all sorts of scary things like unpayable, toxic and fraudulent debts.
In the second half, Max talks to Ross Ashcroft, the host of Renegade Inc., about the UK’s ‘Serious Fraud Office’ quietly ending their ‘inquiry’ into the overwhelming evidence of serious fraud that happened during the Libor rigging scandal in the 2007-2009 period. They also discuss the failure of neoliberal economics as seen in protests across the globe and in the ‘botched’ PFI contracts in the UK.
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[KR1450] Keiser Report: GOLD: The Trust Anchor for Financial System

October 17, 2019

In this episode of the Keiser Report, Max and Stacy discuss the recent report from the Dutch National Bank explaining why it holds 615 tons of gold which the bank considers the ‘trust anchor for the financial system.’ This statement and others in the report could be yet another sign of the end of fiat.
In the second half, Max interviews Michael Pento of PentoPort.com about the repo markets, gold, QE4, and more.
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[KR1449] Keiser Report: Will China announce it’s got 20,000 tons of gold?

October 17, 2019

In this episode of the Keiser Report, Max and Stacy discuss the financialized economy hitting the wall of reality where no innovation has been implemented in decades and all past wealth creation has been monetized and spent several times over. GE announces a freeze on pension benefits as one of the kings of throwing good capital at share buyback stock price manipulation schemes discovers it is nearly broke. In the second half, Max continues his interview with Alasdair Macleod of Goldmoney.com. In this segment, they discuss the rise of China, its large purchases of gold, and Alasdair’s belief that China may one day announce that it has over 20,000 tons of gold. Should Beijing do this, the dollar is toast, he says.

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[KR1445] Keiser Report: Get Off Zero

October 6, 2019

On this episode of the Keiser Report, Max and Stacy discuss how negative rates are rewriting the rules of modern finance, which has been built on the Black-Scholes model. As time must have a value for many of the pricing models to work, it is more difficult to price risk accurately. In the second half, Max continues his conversation with Mark Yusko of Morgan Creek Capital. In this segment, they discuss illogical and crazy negative interest rates as evidence of kleptocracy, and why it is also a good reason to ‘get off zero’ in relation to bitcoin.
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[KR1444] Keiser Report: Make Recessions Great Again

October 5, 2019

In this episode of the Keiser Report, Max and Stacy continue their discussion of the repo chaos and ask if there is a squeeze on the dollar, as Rick Ackerman suggests. If house flippers are still easily to get credit, what exactly is going on with the big banks that they’ve suddenly created a liquidity crisis? In the second half, Max talks to Mark Yusko of Morgan Creek Capital about the repo market situation and QE4Ever, the Killer Ds and how we can make recessions great again by allowing the business cycle to happen. They also discuss stock buybacks as stealth QE.
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[KR1442] Keiser Report: Time No Longer Has a Price

September 29, 2019

In this episode of the Keiser Report, Max and Stacy discuss the demise of the European banks as “time no longer has a price,” according to German newspaper Die Welt. With negative interest rates, the ECB has upended the simple and profitable business model of borrowing short and lending long. In the second half of the show, Max interviews Nik Bhatia of OpenNode.co and Tantra Labs about the time value of money and how it applies to bitcoin. They also discuss the latest in the repo markets and which bank could be insolvent.
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[KR1439] Keiser Report: Mad Cows and Mad Men

September 21, 2019

In this episode of the Keiser Report from Riga, Latvia, Max and Stacy look at the mad ideas being floated by the mad men of the elite to address the problems caused fundamentally because of mad money-printing economics. From Bill Gates’ ‘chemical cloud’ to a Swedish economist’s idea of resorting to cannibalism, the ‘solutions’ for climate change they offer have some gruesome side effects. They also discuss the mad idea and dangerous consequences of negative rates and more money printing as Christine Lagarde takes control of the printing presses at the ECB.
In the second half, Max talks to bitcoin podcaster Stephan Livera about Austrian economics and the key developments in bitcoin.
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[KR1437] Keiser Report: From GIABO to Naked Swindle to Cantillon Effect

September 18, 2019

In this episode of the #KeiserReport, Max and Stacy, in their latest episode from Paris, mark the beginning of their ten year anniversary by looking back on where it all started. From autumn of 2009, it started with the very first episode about the late Danny Schechter’s film, PLUNDER: THE CRIME OF OUR TIME. Ten years later this still holds true both in the real economy where the world continues to suffer from the quantitative easing and other extraordinary measures taken to bailout the banks after their plunder and on the Keiser Report where the ongoing plunder and the rolling aftermath unfold in headlines across each episode. They then turn to their conversation with #MattTaibbi from one of the show’s first ever

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[KR1427] Keiser Report: No barrier to negative yields

August 25, 2019

In this episode of the Keiser Report, Max and Stacy discuss former central bank chairman Alan Greenspan, warning that there are no barriers to negative yields in the US. In the second half, Max interviews Wolf Richter of WolfStreet.com about the significance of negative yields and what it says about the future of our economy.
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Headlines covered in this episode:
Trump’s tweetsGreenspan says ‘there is no barrier’ to negative yields in the USThe bond ‘black hole’ is getting larger and scarier with a third of the global market now negative

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[KR1424] Keiser Report: Can US Rates Go Negative?

August 19, 2019

In this episode of the Keiser Report, Max and Stacy ask whether or not US rates could go negative. In Denmark, where households carry the highest debt to income ratio in the OECD, even mortgage rates have gone negative! In the second half, Max talks to Karl Denninger of Market-Ticker.org about negative yields, long duration bonds, and what the future looks like with both in hand.
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[KR1424] Keiser Report: Can US Rates Go Negative?

August 19, 2019

In this episode of the Keiser Report, Max and Stacy ask whether or not US rates could go negative. In Denmark, where households carry the highest debt to income ratio in the OECD, even mortgage rates have gone negative! In the second half, Max talks to Karl Denninger of Market-Ticker.org about negative yields, long duration bonds, and what the future looks like with both in hand.
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[KR1412] Keiser Report: Orange Coin Good, Orange Man Bad

July 20, 2019

In this episode of the Keiser Report, Max and Stacy discuss the fact that bitcoin has now hit the big time as the US central bank, the Treasury, the Congress and the President all start talking about it. In the second half, they talk to Craig Hemke of the TFMetalsReport.com about the return of the bull market in gold.
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[KR1409] Keiser Report: And Forgive Them Their Debts

July 13, 2019

In this episode of the Summer Solutions 2019 for the Keiser Report, Max and Stacy are joined by Dr. Michael Hudson, author of many books, including “And Forgive Them Their Debts,’ for his ideas on solutions to the ever growing wealth and income gap currently ‘solved’ with ever increasing amounts of debt. They discuss the reason for the huge surge in this wealth and income gap that began in the early seventies as the top once percent ran off with all the productivity gains. What role, if any, does the post-Bretton-Woods-all-fiat-dollar-reserve-system play in this economic injustice?
The discussion then moves to Representative Brad Sherman’s recent claim that, “An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of

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[KR1400] Keiser Report: The Gold/Silver Ratio

June 22, 2019

In this episode of the Keiser Report, Max and Stacy discuss what central bankers have wrought by printing fresh money for the assets rich as demonstrated by Donald Trump’s Beverly Hills property increasing in value by 1.2% per month and doubling in about a decade. While the elite make off with the asset price gains, governments are driven into bankruptcy by the same financial collapse which enriched these elites and they are now shaking down ordinary citizens who are looking for pennies stashed in safe deposit boxes, as is the case in Italy. In the second half, Max interviews David Morgan of TheMorganReport.com about the gold/silver ratio and whether it matters in a day and age when silver has been largely demonetized.
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[KR1397] Keiser Report: Secret Bull Market in Gold

June 17, 2019

In this episode of the Keiser Report, Max and Stacy discuss the secret bull market in gold as trust in institutions, both global and domestic, evaporates. They look at the data showing the decline in trust and the rise in gold reserves around the world, especially in Russia and China. In the second half, Max interviews Michael Pento of PentoPort.com about the coming rate cuts and equity markets leading GDP rather than the other way around.
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[KR1395] Keiser Report: A Five Cent Cola and Gold

June 13, 2019

In this episode of the Keiser Report, Max and Stacy discuss the Malaysian Prime Minister Dr. Mahathir Mohamad calling for a gold backed currency as a unit of account for trade between East Asian nations. Dr. M argues that having gold back the currency avoids the issue of manipulation. In the second half, Max interviews Alasdair Macleod of Goldmoney.com for his thoughts on the gold market as the US Federal Reserve chairman calls for the end of the use of the word ‘unconventional’ when referring to QE and other new monetary policy tools. They discuss whether or not interest rates will go to zero in the US as billionaire investor Stan Druckenmiller believes and what happens, in that case, to Europe where over $10 trillion worth of bonds have a negative yield.
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[KR1394] Keiser Report: China’s long game

June 8, 2019

In this episode of the Keiser Report, Max and Stacy ask whether China is the wise man pointing at the moon, while America is the idiot looking at the finger. Charles Gave, founding partner and chairman of Gavekal Research, believes China is playing the long game, and the West will be left behind. In the second half, Max continues his interview with Constantin Gurdgiev of Macroview.eu about deglobalization. They look at household formation numbers, trade wars against allies, and China’s lead on technology, like artificial intelligence.
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[KR1393] Keiser Report: An Empire Goes Postal

June 6, 2019

In this episode of the Keiser Report, Max and Stacy discuss the fact that trade wars, tariffs, and sanctions are being waged on multiple fronts abroad, while back at home the streets of Los Angeles are bleached regularly as a solution to the problem of extreme poverty and homelessness in the city that benefits from the free ride of global Intellectual Property protection. They liken the disinfectant solution to that of how BigAg in America treats its produce – chicken are not raised in human or sanitary conditions as in Europe, but instead factory farmed in excrement and then washed down with chlorine. In the second half, Max interviews Constantin Gurdgiev of Macroview.eu about the situation in California and what solutions, if any, are possible. They then discuss

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[KR1391] Keiser Report: ETF whale: Bank of Japan

June 4, 2019

In this episode of the Keiser Report, Max and Stacy discuss the fact that the Bank of Japan now owns 73% of the country’s ETF market, and how this creates some relative winners at the expense of the growing pile of global “deplorables.” They also discuss the spread of negative rates to mortgage bonds, and how Trump’s Huawei ban may harm rural cellphone users. In the second half, Max interviews Randy Voller, a former Bernie delegate and former head of the Democratic party in North Carolina, about the entry of Joe Biden into the 2020 race for the Democratic nomination.
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TO THE MOON – The blocksize wars

June 3, 2019

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In this episode of TO THE MOON, Max and Stacy take on the year 2016 when the blocksize wars burst onto the scene in January, when a bitcoin core developer, Mike Hearn, rage quits in spectacular fashion. Trace Mayer explains that the blocksize is a security parameter that constrains some of the throughput of the network but it has to do with the consensus rules.
Jan Capek picks up the blocksize war issue by explaining, that a group of people believed the best way to scale bitcoin was to increase the blocksize but this could cause latencies on the network due to the geographical distribution. Jimmy Song steps in with a further explanation that one side wanted a ‘hard fork’ which is a forced upgrade in order to increase transaction capacity. Transaction

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[KR1387] Keiser Report: Hedging Difficulty

May 24, 2019

In this episode of the Keiser Report, Max and Stacy discuss the fallout from Congressman Brad Sherman’s recognition that bitcoin may replace the dollar as a unit of account. They look at Anthony Pompliano’s vision of that and at the “increased probability, that we are moving to a world, where non-sovereign currencies are the default.” In the second half, Max interviews Jack Mallers of Zap, a Lightning Network wallet, about his new design for bitcoin derivatives contract. If bitcoin miners are the farmers of the bitcoin as a commodity market, they need a way to hedge difficulty adjustments, so Jack is working on the contract to provide that hedge.
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