Tuesday, April 23, 2019

Keiser Report: China in the Gold Buying Spree (E1371)

from RT:

In the second half, Max interviews author, financial commentator, and comedian Dominic Frisby of DominicFrisby.com about the latest on bitcoin and gold markets. Regarding gold, they ask whether or not the record gold buying from central banks will ever impact prices.

Keiser Report: Breaking up BigAg (E1368)

from RT:

In the second half, Max continues his conversation with Craig Hemke of TFMetalsReport.com. They discuss precious metals, negative interest rates, central bank intervention, and the future of the economy.

Keiser Report: Dead Unicorns (E1363)

from RT:

In the second half, Max interviews Michael Pento of PentoPort.com about permanent QE, negative rates, and “flowless” rallies.

Facebook to Launch a Cryptocurrency & Compete Against Banks?

by Martin Armstrong, Armstrong Economics:

QUESTION: Why is Facebook going to issue a cryptocurrency? Doesn’t that confirm the evolutionary path of technology?

ND

ANSWER: The term “cryptocurrency” is being thrown around very loosely. It is true that there is increasing hype and speculation regarding a theoretical Facebook Coin. However, this is not a “cryptocurrency” it is simply a digital entry and nothing more. The proposed Facebook Coin is the polar opposite of Bitcoin. Facebook is creating a pretend cryptocurrency for WhatsApp. This is not a real cryptocurrency. The cryptocurrency enthusiasts are only looking at the label. The Facebook Coin is nothing like Bitcoin (BTC).

Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

by Adrian Zmudzinski, Coin Telegraph:

Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day.

Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people to move their funds from commercial banks to central bank accounts faster, thus destabilizing the system. Another issue that Carstens said arises with CBDC use, according to Bloomberg, is the different impact of interest rates on the public’s demand for money.