In this final episode of Keiser Report from Los Angeles, Max and Stacy discuss the exponential growth in debt and dollars that preceded the pandemic sweeping through some of the world’s major economies. They discuss the oil and stock market collapses that started off the week and where this volatility might take us. In the second half, Max interviews Professor Steve Keen, author of ‘Debunking Economics’, about how the world needs to start thinking exponentially. And fast. As the novel coronavirus spreads through major economies, most are unaccustomed to thinking in exponential terms, so will be unprepared for how quickly society will be overwhelmed by economic and health disaster. The only way to stop exponentialRead More »
Articles by Stacy Herbert
In this episode of Keiser Report from Los Angeles, Max and Stacy discuss deglobalization as supply shocks hit the world in the midst of a pandemic… even if the WHO won’t call it that. They talk about an opinion piece suggesting the Covid-19 pandemic will end the age of ‘affluence politics’ as supply shortages will reveal our inability to make and distribute the things people need. In the second half, Max paints with artist Alex Schaefer while they discuss printing money to fight viruses, and why he paints banks on fire as the economy burns.
In this episode of Keiser Report from Mexico City, Max and Stacy discuss the markets rallying on horrible coronavirus news as bad news continues to be the greatest news of all as investors bet that the central bank will come to the rescue with more free cash. They also look at the state of Utah sending employees all the way to Mexico in order to benefit from the lower pharmaceutical prices that the Mexican state negotiates with Big Pharma.
In the second half, Max interviews Jose Rodriguez of Talent-Land.mx about the gathering of 70,000 people in Guadalajara to change the world with talent.
In this episode of Keiser Report, Max and Stacy discuss the lessons we can take from the outbreak of #coronavirus. From the people swamping emergency rooms without symptoms to the elite global workforce shocked to learn that their exclusive private hospitals will not treat them, how to learn from these situations to deal with financial pandemics.
In the second half, Max interviews Alasdair Macleod of Goldmoney.com to discuss the latest in the gold market. They start a two-part-deep-dive into the stockpiling by nation states who now hold the most since 1966 when the world was on an official gold standard.
In this episode of the Keiser Report, Max and Stacy look at the fact that bad news is the best news in terms of stock prices as investors bet on central bank intervention to bail out even the dumbest of mistakes, like Boeing’s ill-fated decision to fire more than a thousand aeronautical engineers as they financialized the company. In the second half, Max and Stacy continue their conversation about the Fed-driven economy that some are now calling a ‘Ponzi market.’ They also discuss when a biological virus turns into a financial pandemic.
Reduction in the use of plastic bags, the development of huge multi-billion-dollar petrochemical plants largely for the production of plastics suggests the reality is that there will be much more plastic in our future.
In the second half, Max talks to Jason Tetro – aka ‘the Germ Guy’ – about the coronavirus. Is it all hype? Or should we be worried? They also discuss a volatility index for health and pandemics such as this virus from Wuhan.
In this episode of Keiser Report, Max and Stacy survey the wreckage caused in no small part due to the 199 billionaires who met in Davos the previous week. They ask how is it that the world’s 2,153 billionaires have more wealth than 4.6 billion humans combined. They examine the unfolding disaster at Boeing as the company begs for ten billions in loans after the former engineering powerhouse was turned into a wealth extraction financial instrument which led to death of innocent passengers and destruction of untold capital and future economic growth.
In the second half, Max interviews Mark Yusko of Morgan Creek Capital about QE Forever, too much debt and no demand, buybacks as stealth QE, and how the market has become
In this episode, FRONT RUNNING looks at the promises of draining the swamp that Trump had made and failed to implement. Lobbyists continue to write legislation and get whatever it is they want often over the will of the people.
For this episode of FRONT RUNNING, Max and Stacy are joined by guests, Tyson Slocum, head of Public Citizen’s Energy Program and Ellen Brown, a public banking activist. They discuss the various swamp draining ideas which have been proposed from some of the candidates for president. Andrew Yang, for example, proposes ‘Democracy Dollars’ — a policy in which every voter would receive the same amount of cash to be used only to support their favored political candidates. If this does, indeed, give the citizen eight times more economic power than
In this episode of the Keiser Report, Max and Stacy watch in amazement at the epic historical bull run, as American heads into election 2020 with Trump’s stock market charging ahead like there is nothing that can stop it. The price to sales ratio has hit an all-time high, suggesting that investors have zero concern about actual sales. While earnings can be massaged with clever accounting, sales is what the company actually manages to sell and there is no disguising that, and every dollar of sales is now worth a whopping $2.4 in stock market cap. They also discuss how Obamacare high deductible policies are wiping out rural hospitals across the US. In the second half, Max continues his conversation with Chris MartensonRead More »
In this episode of Keiser Report, Max and Stacy look at the fact that every crisis is now used as an asset, resource, and wealth grab for the most elite in the economy. Whether it is the mysterious repo market turmoil in which we see the NY Fed throwing tens of billions daily into the coffers of the bankers and yet money velocity continues to collapse as the money disappears into their unspendably huge hoard of wealth. To Haiti, the poorest nation in the Western Hemisphere, where a devastating earthquake ten years ago saw billions donated to the nation only to end up in the pockets of the biggest corporations and most politically connected elite whilst hardly any at all reached the Haitian people.
In the second half,
In this episode of the Keiser Report, Max and Stacy look at ‘reflexivity’ and whether or not higher and higher stock prices are driving prices higher as buyers chase the markets higher without any consideration of fundamentals. On top of that, we have the rise of passive index funds which are the opposite of value investors as passive investors don’t look at any fundamentals but merely buy a basket of the highest performing shares in whichever sector they are investing.
In the second half, Max continues his talk with Egon von Greyerz of GoldSwitzerland.com about value investors like Warren Buffett sitting on huge piles of cash while passive index funds gobble up the market. They also discuss the latest in the gold
In this episode of the Keiser Report, Max and Stacy look at the latest threat to cut a nation off from the USD based financial grid. This time, in a tweet, of course, Donald Trump threatens to cut Iraq off from their oil revenue held at the NY Fed. They ask if this is the ‘howl of a dying empire.’ In the second half, Max talks to Egon von Greyerz of GoldSwitzerland.com about the decade of fantasy which has just passed and whether or not that illusion will be shattered in the decade ahead. As stock markets continue hitting all time new highs almost daily, they wonder how long markets can stay irrationally pumped up by the Fed.
Direct link to episode 4 of Front Running is here.
In this episode, Front Running looks at the signature policy from presidential candidate Andrew Yang. If Wall Street is getting richer thanks to the trillions of dollars the Fed has deployed to bailout the financial system, why shouldn’t the ordinary citizen also get some of this ‘free money?’ Yang is proposing a $1000 per month no questions asked ‘freedom dividend’ for all US citizens. Is this a solution to the problems of globalization?
For this episode of Front Running, Max and Stacy are joined by guests, Sinclair Skinner, an entrepreneur with a background in engineering, Marshall Auerback, a market analyst and a researcher at the Levy Institute, and Josh Crumb, a businessman and former Wall Street banker. They
In this episode of Keiser Report, Max and Stacy look at the increasing velocity and quantity of injections by the Fed into the repo markets. They also note that nobody is short the market as nobody dares ‘fight the Fed’. In the second half, Max talks to Craig Hemke of TFMetalsReport.com about the latest in the gold market as Trump renews hostilities in the Middle East and the central bank continues pumping money into markets
In this episode of Keiser Report, Max and Stacy look at an article from John Authers which basically concurs with Max’s long held thesis that ‘you can’t have capitalism without capital.’ In Authers’ piece, he notes that 40% of the S&P500 are companies with negative tangible book value. In the second half, Max talks to Tone Vays of Unconfiscatable.com about his reservations about the bitcoin bull market, believing a big pullback is still in the cards before prices can aim for a new all-time high.
In this episode of Keiser Report, Max and Stacy look at the latest phase of permanent war and how bitcoin, gold, and oil markets responded to the assassination of General Soleimani. They also look at the US central bank seeking ways to make their latest interventions in the repo markets a permanent fixture for bankers.
In the second half, Max talks to Michael Pento of PentoPort.com about his case for gold. Though being not someone who considers himself a ‘goldbug,’ Pento believes there are many things the central banks and governments are doing that warrant a long position in the yellow metal.
In this episode, Front Running looks at the jobs program called the Green New Deal, most associated at the moment with Congresswoman Alexandria Ocasio-Cortez but which has been formulated for quite some years with the ambition to provide an FDR-like jobs program to put Americans to work rebuilding its infrastructure for a post-carbon world.
Two guests join Front Running to discuss the Green New Deal; James (Jim) Howard Kunstler, author of “The Geography of Nowhere” and “The Long Emergency,” and Randy Voller, former mayor of Pittsboro, North Carolina, as well as the former chair of the Democratic Party of North Carolina.
Together they look at the ability of the Green New Deal to be a jobs program of the magnitude that could restore US infrastructure and manufacturing
In this episode of Keiser Report, Max and Stacy look at the irony of US veterans of the Vietnam War retiring to Vietnam, where they can afford a better standard of living, including healthcare. They also discuss the ‘three truths’ that the Democrats need to accept about 2016 in order to win in 2020.
In the second half, Max continues his interview with Mitch Feierstein of PlanetPonzi.com about the euphoria in the markets. They discuss gold, what Japan’s economy can tell us about the US zombie future and what his predictions are for the 2020 election.
Continuing with their look back on 2019 and their look forward to 2020, Max and Stacy look at the year end charts from 2019 as the NASDAQ (up nearly 40%) parties like it’s 1999 when the index closed up 85%. Could 2020 achieve even higher returns? The massive end of year rally in the stock markets matched the Fed’s v-shaped recovery in its balance sheet which ballooned by over a hundred billion per month in the last four months of the year. Should anyone fight the Fed? Or ride their free money helicopter to ever higher highs? In the second half, Max talks to Mitch Feierstein of PlanetPonzi.com about the euphoria in the markets. How long it might last, how big the Fed’s balance sheet might grow. Mitch admits that he hadRead More »
Continuing with their look back on 2019 and their look forward to 2020, Max and Stacy look at the admissions of failure from the mainstream media at looking at stories and opinions from outside the metropolitan elite. They also look at passive indexation and how the Boomers are winning (again) at the expense of the younger generations and at what is next for Boeing as their 737MAX disaster continues.
In the second half, Max is joined by bitcoin core developer and author, Jimmy Song, to discuss the year ahead for bitcoin. They also talk about money and monetary policy and how that influences his understanding of hard money like bitcoin.
Watch the latest episode of Front Running here.
Front Running looks at the ‘Sputnik moment’ for the US as China overtakes it in high-tech achievements. Donald Trump won 2016 on the promise to ‘Make America Great Again’, but has imposing new trade conditions on China worked? Are any candidates proposing an industrial policy that can trump Trump’s policy? How was it that China was able to overtake America in the first place?
Max and Stacy are joined by guests Dan Collins, a businessman who lived and worked in China for 20 years, and Marshall Auerback, a market analyst and a researcher at the Levy Institute. They trace the history of the policy first set in motion by the Clinton administration in 2000 when Congress was urged to accept China into the WTO. Trump’s current
Hey all, thanks for visiting the site and being so awesome. Here is our New Year’s Eve special which aired yesterday and featuring Gerald Celente in the second half. Of course, we have loads of predictions. Let me know what you think of those ideas we have . . . and give us your own in the comments below. Hope you had a nice, sober New Years and are ready for a roaring 20s!
In this episode of the Keiser Report from Rio de Janeiro, Max and Stacy note the acceleration of the rainforest being chopped down into the last months of the year. At the same time, out of control money printing from the Fed is sending stock markets to all time new highs. In the second half, Max continues his interview with private equity investor and former banker, Robert Wilson, who has lived in Brazil for over twenty years. They discuss the more sound economic arguments for maintaining the Amazon than chopping it down for timber. The nature of the rainforest makes it for more rational to keep it for the long term intellectual property prospects to be found in the unique flora and fauna of the region. They alsoRead More »
The first of our 12 part series looking at the economic policies being presented by the many Democratic candidates and the party’s rising stars, like AOC, as they seek to challenge Trump in 2020.
In this episode, Front Running looks at the ‘billionaire tax’ proposed by the likes of Bernie Sanders and Elizabeth Warren. What is driving the demand for this tax? Why are billionaires suddenly so hated? Where do billionaires even come from? Is there such a thing as ‘odious wealth?’Front Running and guests, Dr Michael Hudson and Professor Steve Keen, look at the massive rise in wealth inequality and the central bank money printing that has contributed to it. They trace the rise of finance capitalism at the expense of the industrial capitalism which made America great for
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.Read More »
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.
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.
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?’
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.
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.