Thursday, January 23, 2020

Keiser Report in Buenos Aires (E1476)

from RT:

In the second half, Max interviews Nick Giambruno of about the relative calm in Buenos Aires among the population despite the ongoing currency and debt crisis. Nick says the population is used to such a crisis every decade and, so, they are anti-fragile and prepared.

Keiser Report: All That Was Hidden is Being Revealed (E1474)

from RT:

In the second half, Max interviews Dave Collum, professor of organic chemistry at Cornell University and a libertarian with an annual year in review newsletter. They discuss ‘quantitative failure’ and share buybacks.

China’s Central Bank To Lead Real-World Pilot Of Digital Yuan: Report

by William Suberg, Coin Telegraph:

China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim.

According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include the city of Suzhou.

Banks in a digital currency “horse race”

Under the auspices of China’s central bank, the People’s Bank of China (PBoC), four major banks and major economic participants such as China Telecom will test digital currency payments.

The Next Pearl Harbour? China’s Gold-backed Crypto Currency Will Blindside US Dollar

from 21st Century Wire:

“A date which will live in infamy.” Indeed, today marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. urn on your TV and you will see military mavens rambling on, pontificating about ‘the defense of the realm’, all the while completely aloof and unaware of the American empire’s real Achilles heel.

Recent, financial pundit and TV host Max Keiser outlined such a scenario, and warned that the US will be blind-sided the day that China introduces its gold-backed crypto currency – an absolute game changer which would create a “catastrophic trapdoor opening underneath the US economy,” said Keiser.

Fiat’s failings, gold and blockchains

by Alasdair Macleod, GoldMoney:

The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail.

In addition to the monetary and debt inflation since the Lehman crisis, it is highly likely the major international currencies will suffer a catastrophic loss of purchasing power from a new round of monetary expansion, calling for a replacement of today’s fiat currency system with something more stable. The ultimate solution, unlikely to be adopted, is to reinstate gold as circulating money, and how gold works as money is outlined in this article.

LIBRA: Facebook Now Wants to Control Your Money

from 21st Century Wire:

Facebook – backed by some of the largest banks and corporations on Earth – seek to create a global digital currency and reassert Western dominion over the global economy.

Many are probably already familiar with US-based social media giants like Facebook and Twitter carrying out sweeping campaigns of censorship executed in line with US foreign policy objectives.

New Eastern Outlook itself was deleted off of both networks – just one among many thousands of accounts wiped out in a virtual information war.