From RussiaToday In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the 'bonus benchmark.' In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation and about the intersection of interest rates and wages going back to David Ricardo when wages were measured against the price of bread to today when they are measured against the price of debt. Yes we couldn't let innocent people in Iran protect themselves from the crushing devaluation in the Rial since US sanctions and SWIFT bans have come into place. From en.trend.az Original source "I can assure you that we are looking very, very carefully at any evidence that anyone outside Iran is selling gold to Iran," he said. The remark came after Rep. Edward R. Royce, California Republican and the US Foreign Affairs Committee's chairman, asked whether the administration was aware of recent reports indicating an uptick in the flow of gold into Iran. "With its currency now in free fall, the Iranians desperately need gold," said Mr. Royce, who noted that a U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside Iran does not take effect until July 1. With existing U.S. law only allowing sanctions on the sale of gold directly to the Iranian government, Mr. Cohen told lawmakers the administration is keeping a close eye on the situation. While Mr. Cohen acknowledged that U.S. authorities have "no question that there is gold going from Turkey to Iran," he said that "in large measure what we're seeing is private Iranian citizens buying gold as a protection to the falling value" of Iran's currency, the rial. Read in full From RussiaToday In this episode of the Keiser Report, Max Keiser and Stacy Herbert behold the Sacred Dow, worshipped by economists and analysts around the world and to which whole economies and jobs have been sacrificed to keep it rising. They compare the Japanese bond market to Fukushima. Markets have become so distorted by manipulation, they argue that like godzilla, one day the market will go where it needs to go and it will smash down buildings and economies with it. In the second half, Max talks to John Butler of Amphora about confusing price signals caused by market manipulating central bankers and the misallocation of capital this encourages. They also talk about Japan's economy, Krugman's bond allegations and Mrs. Watanabe's gold shopping spree. |
Follow our CEO on Twitter
Favourite videos
Archives
August 2016
|