Over 60 Murdered; Hostages Taken; Ongoing Attacks Multiple attacks in Paris: shootings, explosions, hostage taking. One shooter was heard shouting over automatic weapons fire: “Allahu Akhbar!” One of the attackers was captured and said that they were recruited by ISIS…
The Dow Jones has been falling all week and continues lower today on this Friday the 13th. When looked at from a longer term chart, through the lens of the 7 year cycle, it looks very toppy. As you can…
Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants to reduce…
– Gold and fx reserves are “additional financial cushion” for state in face of “external uncertainties” – Russia bought another 77 tonnes of gold in Q3 – Ruble volatility does not create risks for financial stability in Russia – Russia…
The Department of Veterans Affairs doled out more than $142 million in bonuses to executives and employees for performance in 2014 even as scandals over veterans’ health care and other issues racked the agency. The agency paid more than $380,000 in 2013 performance bonuses to top…
We all know what a hyper-financialized economy looks like–we live in one:central banks create credit/money out of thin air and distribute it to the already-wealthy, who use the nearly free money to buy back corporate shares, enriching themselves while creating…
We discuss the memory of our living economy and consumers in the life of the dead banks, markets and economies. We look at the collapse of the Baltic Dry Index, the slow death of the markets as spoofing and HFT…
Gold Demand Trends Q3 2015 was released by the World Gold Council today. The quarterly publication is the leading industry resource for data and opinion on global gold demand and examines demand trends by sector as well as geography. The…
I come in at 13:10 – Sputnik with George Galloway https://t.co/lKlkkuTu85 — Max Keiser (@maxkeiser) November 12, 2015
It’s so incredibly depressing here in Ireland! A series of lipstick wearing pigs have been trotted out by the Irish media and people are falling for it hook, line and sinker. All hail beautiful lippy pig! We worship and adore…
Robert Reich’s experience presents the perfect example. He admits he didn’t realize how much he has in common with “red state” tea partiers until he went out and talked to them. The problem here is that it’s not exactly feasible…
Jean-Paul Sartre famously wrote that Hell is other people. While this is undoubtedly true in cocktail party and workplace settings, in socioeconomic terms,Hell is a scarcity of positive social roles–the sources of positive identity, pride, purpose, community and meaning. Since…
Today we turn our attention to the precious metal that once brought joy and riches to its owners, but now seems to bring nothing but despair and disappointment. I’m talking, of course, about gold. There’s no point fighting it –…
ZeroHedge carried an article on the Baltic Dry Index which measures global trade and announced, “It’s Official: The Baltic Dry Index Has Crashed To Its Lowest November Level In History.” The Baltic Dry Index measures freight travel around the world.…
Read about Bitcoin Bingo and watch James Canning, a leading authority on bitcoin gambling discuss how this magic internet money is changing the way we gamble online.