Saturday , October 19 2019
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Stacy Herbert



Articles by Stacy Herbert

[KR1450] Keiser Report: GOLD: The Trust Anchor for Financial System

2 days ago

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?

2 days ago

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

13 days ago

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

14 days ago

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

19 days ago

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

27 days ago

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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[KR1385] Keiser Report: Truth Decay

May 20, 2019

In this episode of the Keiser Report, Max and Stacy discuss the public pension funds piling into ‘alternative assets’ seeking yield. These pension funds need 7.5-8% to meet their obligations and yet are earning only 6.2-6.4% in this low interest rate environment. In the second half, Max interviews Samson Mow of Blockstream and Pixelmatic. They discuss the reasons for the satellites that Blockstream has launched, the advantages to bitcoin of Lightning and Liquid, and the ‘proof of participation’ game token on Infinite Fleet.
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[KR1384] Keiser Report: Big Losses Leads to Great Wealth

May 17, 2019

In this episode of the Keiser Report, Max and Stacy discuss the huge tax losses Donald Trump has claimed making him either a ‘big loser,’ or a very wealthy man. Depending on how you choose to look at it. The ‘little guys’ always pay the taxes because they don’t get to receive the large alleged write-offs on their taxes like Trump can. In the second half, Max interviews Andrew Torba of Gab.com about free speech and money.
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[KR1376] Keiser Report: Germans Stacking Gold

April 27, 2019

In this episode of the Keiser Report, Max and Stacy discuss the IMF tweeting out a link to their old scare piece about extremely negative interest rates applied to savings accounts. They then look at the data showing German citizens have been stacking gold, tons of it. In the second half, Max interviews Sergej Kotliar, the CEO of Bitrefill.com, about the latest news in bitcoin adoption and the spread of the Lightning Network.
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[KR1375] Keiser Report: Dead Stocks Walking

April 25, 2019

In this episode of the Keiser Report, Max and Stacy discuss the fact that most Americans have no idea they actually received a tax cut and that, in fact, most believe they had an increase in their taxes. They also look at the data showing that most corporations did not reinvest their tax cuts into research and development or into capital expenditure, but in stock buybacks. In the second half, Max continues his interview with Rick Ackerman of RickAckerman.com about dead stocks walking, including Netflix, Tesla, Boeing, and more.
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[KR1374] Keiser Report: ECB, tear down that wall!

April 25, 2019

On this episode of the Keiser Report, Max and Stacy discuss the wall of bad debt on the ECB’s balance sheet that has caused inflation in Berlin rent prices which, in turn, has led to demands for the expropriation of property from large landlords. This follows the UN’s housing adviser accusing Blackstone Group of ‘wreaking havoc’ in communities and helping to fuel a global housing crisis. In the second half, Max interviews Rick Ackerman of RickAckerman.com about deflation, interest rates, and the US dollar.
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[KR1373] Keiser Report: Will Interest Rates Ever Rise Again?

April 22, 2019

In this episode of the Keiser Report, Max and Stacy discuss the proclamation made by Donald Trump’s economic adviser that ”interest rates will never rise again.” Does this mean that the real economy is dead forever and that all that remains is the false profits of an ever-rising stock market, which Trump says should be 5,000-10,000 points higher? In the second half, Max interviews Wolf Richter of WolfStreet.com about interest rates, property markets, Uber’s IPO and the future outlook for Amazon and Netflix.
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[KR1370] Keiser Report: The Failure of Capitalism or Monetarism?

April 14, 2019

In this episode of the Keiser Report, Max and Stacy discuss Ray Dalio’s claims that capitalism has failed. They wonder if monetarism has instead failed and ponder the notion that interest rates, the price of money, is the only tool with which to ‘fix’ the economy. They also discuss Saudi Arabia’s threat, to journalists at Reuters, that they could abandon the dollar. In the second half, Max continues his interview with professor and author Steve Keen about the failure of negative interest rates, the promise of a Green New Deal or a Trump infrastructure package, and about Ray Dalio’s failure of capitalism claims.
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[KR1369] Keiser Report: Bad Capitalists and Their Malinvestments

April 12, 2019

In this episode of the Keiser Report, Max and Stacy discuss how the European Central Bank’s corporate bond buying program (the Corporate Securities Purchase Program) has led to extreme malinvestment and misallocation of capital, including the ill-timed Bayer takeover of Monsanto. In the second half, Max interviews author and professor Steve Keen of Patreon.com about the unfolding property crash in Australia from which he has just returned. They also discuss the Japan-like economic future for much of the developed world as decades of stagnation await us. At least it’s not a 2008-style crash! Right?
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[KR1367] Keiser Report: The Too Big to Fail Investment Universe

April 7, 2019

In this episode of the Keiser Report, Max and Stacy discuss the recent Bank of America report, ‘Hitchhiker’s Guide to the Investment Universe’. The report provides dozens of charts and data points looking at where the investment universe stands ten years after the financial catastrophe. Wall Street is still too big to fail, the global debt bubble is still blowing and financial assets are now 200% of global GDP. What can possibly go wrong? In the second half, Max interviews Craig Hemke of TFMetalsReport.com about the White House demanding a 50 basis points rate cut despite an allegedly booming economy where manufacturing and construction numbers look positive and stock markets are still near an all-time high.
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[KR1364] Keiser Report: Yield Curve Inverts

March 30, 2019

Max and Stacy discuss how the yield curve inverting normally signals a recession, but the service sector is booming. Meanwhile, the budget deficit is exploding as the government free for all ratchets up. Max also interviews Nomi Prins of NomiPrins.com and author of ‘Collusion: How Central Bankers Rigged the World’, and they discuss indications from the US central bank that negative interest rates may be on the cards in the event of a downturn.
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