– 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 –…
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.
The relentless Russia bashing requires the collusion of the Cold War 2.0 warriors and the media hee-hawing hyenas who jeer and cheer for all conflict with those evil-doing Russians. Last year, if you recall, no less than the head of…
We review Kilkenomics 2015 where comedy meets economics in Kilkenny, Ireland. They look at black swans, the ‘US Crisis,’ housing bubbles, the inequality of R.I.P. and the rock star economist, Yanis Varoufakis. During the course of the episode, we play…
One of the most appealing beliefs about technology–that it will always create more jobs than it destroys–is no longer true. It was true in the first and second industrial revolutions, for one simple reason: the new industrial revolution created vast…
One of America’s largest companies is preparing for problems in the banking and financial system and another financial crisis. Online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and silver coins in preparation for another U.S.…