This month is the fiftieth anniversary of the Nixon shock, when the Bretton Woods agreement was suspended. And the expansion of commercial banking into credit for purely financial activities became central to the promotion of the dollar as the international replacement for gold. With the introduction of Basel 3, commercial banking enters a new era of diminishing involvement in derivatives. The nominal value of all derivatives at the end of last year amounted to seven times world GDP. While we can obsess about the effects on precious metals markets, they are just a very small part of the big B ..read more

Western economies have moved on from free markets to the point where they hardly exist in the true meaning of the phrase. Yet the state continually claims that it is free markets that fail, not government. The reason governments fail in economic terms is that economic calculation is never part of their brief, and nor can it be. By economic calculation, we mean taking positive actions aimed at a profitable outcome. To survive and prosper, businesses and individuals must do this all the time — the only exception being when they can rely on the state to underwrite their failures, which is why es ..read more

Max Keiser continues his interview with James Turk of Gold Money about bitcoin and gold to find out which asset could be considered as a hedge and why. “Bitcoin is the currency of the future because it has proven to be an escape currency, it’s a way of getting your purchasing power into something that’s relatively safe,” says Turk. He points out that “Bitcoin and gold are in fact complimentary to one another because the weaknesses of gold are the strength of bitcoin,” and vice versa. “What I mean is that you can hold gold in your hand but you can’t do that with the bitcoin” but gold can be ..read more

James Turk, Founder and Lead Director of Goldmoney Inc. discusses what is money and the best way to preserve your wealth ..read more

In this episode of the Keiser Report, Max and Stacy look at the return of the roaring twenties as incomes and consumption soar.  In the second half, Max continues his interview with James Turk of Gold Money about the fate of the US dollar in the day and age of the Belt and Road Initiative and excessive money printing. - Source, RT ..read more

Alasdair Macleod explains why America is already on its back foot in the continuing cold war, why the days of dollar hegemony are limited and what that will mean for your investments. - Source, Jay Taylor Media ..read more

John Rubino discusses how much more of this debt-based money can be produced before we face a hyper inflationary end of the momentary system as we know it. - Source, Jay Taylor Media ..read more

Alasdair explains how the Treasury plans to spend the 1.6 trillion in the general fund over the coming months and its effects. The Fed is forcing the large banks to implement negative interest rates on deposits.  He outlines backwardation and the implications for overnight loans with negative interest rates. Alasdair doesn't see much chance of a sudden economic recovery, and the markets are beginning to understand inflation is coming.  In an inflationary environment, investors want higher rates of returns on their money. Rates are rising globally, and ironically, those in Europe ..read more

John Rubino explains that the U.S. is broke and neither political party is able to fix the debt problems but the democrats will spend more money and drop off the cliff faster. - Source, Jay Taylor Media ..read more

Alasdair Macleod, head of research at GoldMoney.com, returns to Liberty and Finance to declare that we are on entering inescapable hyperinflation, and that there’s no escape for the US government but to ramp up destruction of the dollar and our wages, savings, and pensions, thus impoverishing almost everyone. - Source, Liberty & Finance ..read more