Friday, December 20, 2013

Keiser Report: Bankster Bacteria

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.

Bloomberg asks: So Where Has All The Gold Gone?

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 I mentioned this fact back in October, here

Gold and Silver slump as the Taper Shock sinks in

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.

charts from