Saturday , September 19 2020
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Tag Archives: Headlines

[KR1501] Keiser Report: Lessons from History

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...

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The Fed Has Created a Monster Bubble It Can No Longer Control

Contrary to popular opinion, the Federal Reserve didn’t set out to create a Monster Bubble that has escaped its control. Also contrary to popular opinion, the Fed will be unable to “never let stocks fall ever again–ever!” for the simple reason that the monster it has created– a monster mania of moral hazard in which all risk has vanished because the Fed will never let stocks fall ever again–ever!–is now beyond its control. And that’s a problem for the Fed, which above all...

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The Violent Collision of Market Fantasy and Viral Reality

The shock wave unleashed in China on January 23 is about to hit the U.S. economy and shatter everything that is fragile and fantasy, starting with the U.S. stock market. The shock wave is still reverberating through the vulnerable Chinese economy, toppling all that is fragile: auto sales, sales of empty flats in Ghost Cities, shadow banking loans that cannot be paid, workers’ wages that won’t be paid, businesses that won’t re-open, supply chains dependent on marginal...

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Our “Come to Mao” Reckoning and the Next Cultural Revolution

Let’s start our “Come to Mao” reckoning with the obvious: To the U.S. stock market: The coronavirus ravaging China doesn’t matter. China doesn’t matter. 1,500 deaths don’t matter, 5,000 deaths don’t matter, 50,000 deaths don’t matter, 500,000 deaths don’t matter. 10,000 coronavirus cases don’t matter,100,000 cases don’t matter, 1,000,000 cases don’t matter. All that matters is that exploited Chinese workers get back to assembling iPhones for Apple and all the landfill...

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China’s Fatal Dilemma

China faces an inescapably fatal dilemma: to save its economy from collapse, China’s leadership must end the quarantines soon and declare China “safe for travel and open for business” to the rest of the world. But since 5+ million people left Wuhan to go home for New Years, dispersing throughout China, the virus has likely spread to small cities, towns and remote villages with few if any coronavirus test kits and few medical facilities to administer the tests multiple...

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Controlling the Narrative Is Not the Same as Controlling the Virus

It’s clear that the narrative about the coronavirus is being carefully managed globally to minimize the impact on global sentiment and markets. Authorities are well aware of the global economy’s extreme fragility, and so Job One for authorities everywhere is to scrub the news flow of anything that doesn’t support the implicit official narrative: 1. The coronavirus is only an issue in China; it’s contained outside China. 2. The coronavirus will soon be contained in China,...

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The Pandemic Isn’t Ending, It’s Just the Beginning of Global Disorder and Depression

Unsurprisingly, denying the pandemic is unstoppable and consequential is the order of the day: authorities everywhere are terrified these realities might leak through all their oh-so-obviously desperate firewalls and filters. Why are they terrified? Because they know the entire global economy, including the linchpin Chinese and U.S. economies, was extremely fragile before the pandemic arose: why else the panic-stimulus and panic-repo policies of the Federal Reserve and...

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Pandemic, Lies and Videos: What Were We Thinking?

When we look back on this moment from the vantage of history, what will we think? Will we think how obvious it was that the coronavirus deaths in China were in the tens of thousands rather than the hundreds claimed by authorities? Will we think how obvious it was that the virus would spread around the globe, wreaking havoc on the global economy and social order, even as the authorities claimed only a handful of cases had arisen outside China? Will we be amazed at the...

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When China’s Supply Chains Break, so Will the Delusion the U.S. Economy Is Invulnerable

Many commentators talk about supply chains in China, but how many have actually visited factories in China, other than carefully choreographed PR visits to suitably high-tech facilities? I’ve visited many factories in China, and not with a staff of minders who swiftly guide the visitors through the happy story of high-tech wonderland. I’ve visited some high-tech facilities but also many low-tech factories, where most of the supply chain originates, usually with one or two...

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Projecting “Wave 2” and “Wave 3” of the Coronavirus Pandemic

Many people are already anticipating the end of the coronavirus pandemic and a quick return to “normal life” and renewed global growth. But if we examine the history of previous pandemics and the spread of this contagious virus, we reach a much different conclusion: “Wave 2” and “Wave 3” arising after the initial wave recedes are distinct possibilities. The corporate media and conventional economists in the U.S. and China’s PR machine share a common goal: reassure...

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