From RT Published on Dec 19, 2013 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss factory-farmed citizen consumers who live in mom's basement, dragging the economy down with them. They also discuss the monoculture of housing bubbles and high interest rate loans in the workplace. In the second half, Max interviews Bill Still about his conversion to crypto-currencies and what role of the NSA spying scandal played in his decision. Well duh, it has gone to investors that don't day trade, you know those ones that realize and have realized for thousands of years that Gold and Silver are money, China! Of course we mentioned this fact back in October, here Gold and Silver prices slumped overnight, with both metals off about 3.8%. Seems the Taper decision, and its subsequent positive effect on equity prices has caused some trend chasers to exit precious metals, and commodities in general, to chase the rising US indexes. Bit like dropping your health insurance because you are starting to feel better.
From breakingtheset Published on Dec 18, 2013 Abby Martin speaks with British Parliamentarian George Galloway, discussing his upcoming film 'The Killing of Tony Blair', and his brand new show on RT, 'Sputnik: Orbiting the world with George Galloway.' Wed 18 Dec 13 Bobby Lee, CEO of BTC China, says there is no need to panic after Chinese authorities blocked the country's Bitcoin exchanges from accepting new cash inflows. From Bloomberg.com U.S. stocks rose, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases and expressed confidence in the labor market recovery. The Standard & Poor’s 500 Index added 1.7 percent to 1,811.07 at 4 p.m. in New York, surpassing its previous record close reached on Dec. 9. The Dow Jones Industrial Average climbed 296.50 points, or 1.9 percent, to an all-time high of 16,171.76. Both gauges posted their biggest gains in two months. Read more Dec. 18 (Bloomberg) – On today’s “Insight & Action,” Adam Johnson looks at Quantitative Easing and its effect on corporate America on Bloomberg Television’s “Street Smart.” Both Gold and Silver have declined slightly post the release of the latest FOMC minutes indicating that the Fed promises to reduce MBS and T-Bond purchases, starting in January. The price decline has been exacerbated as we are currently in the after hours market prior to Sydney and Hong Kong coming online.
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