Keiser Report №63: Markets! Finance! Scandal!
On this edition of the Keiser Report, Max and co-host Stacy Herbert look at the latest scandals of fetishes for black swans; American youth unconcerned by the coming collapse of their Social Security they bought and paid for; Tony Blair’s 2007 photo op with Colonel Gaddafi and the farting camels of Tripoli. In the second half of the show, Max talks to Ned Naylor-Leyland of Cheviot Asset Management about the silver market.
When it comes to fully understanding economics, or anything else for that matter, I feel it is essential to keep it simple…ask God: What would a perfect economic system look like? The pure truth always cuts right through all the crap.It would be a rudimentary understanding of this place we call “Paradise”, or “Heaven”, to state: “There will not be any ‘money’” The question is: Can we imagine living in this perfect world without money? or are our imaginations so sorely atrophied that we cannot?
@SyC0PaThiK
@nanabijou62 correct but still theres less silver reserves which would affect the price of silver
@007view More for me then…..
@ripperduck
just you bro.
This global survey (in 200 languages) was it;
1. “What best describes gold?”
(A) Money
(B) Ain’t nothin’ but a thing
So from 6 billion people in the world – 3 billion said (A) – 3 billion said (B) – very interestifying
Strangely – James Grant himself, actually said – “gold ain’t nothin’ but a thing; that sparkles in the sun” (I paraphrase)
The collecting of gold coins, in the past ,was known as “The Hobby of Kings”……
@OghamTheBold “There are about 300 economists in the world who say gold is not money-unfortunately, there are about 3 billion other people who say it is”-Jim Grant
Great show….Here is some historical Australian perspective seeing it is elections here….In 1937 after 2 years of enquiry the Australian Royal Commission on Money in Section 504 of its report stated:-
“….the Commonwealth Bank can lend to the Government or to others in a variety of ways, and it can even make money available to the Governments and to others free of any charge…”.
ah Max, you almost said the wrong show name
Great show either way!
fed101 Stable prices?!?!- prices drop people win, banks lose of course stable prices.
Paper mache sarcophagus – nice
@OghamTheBold
Thats like saying money is just paper…
But silver death masks look so tacky – like you died by being hit in the face with a teapot
TIP: If you have an ALDI $18,000,000,000 fortune – get buried with 24,000 solid gold calves
That would show some class
But don’t invite 24,000 guests to your funeral, then surprise reveal 12,000 hand guns and 12,000 shovels
And definitely do *not* stream the ensuing fun live
That would be back to tacky again
@SyC0PaThiK As far as “above ground” silver reserves, you are correct. But the actual ratio of silver versus gold in the earths crust, the ratio is approximately 17 to 1.
Silver (Ag) 0.07 parts per million (ppm), Gold (Au) .004 ppm.
“Gold is metal and nothing else” (Me, 2010 – Just now)
@bobsr3 “Gold is money and nothing else.” (JP Morgan,1912).
Although it’s tempting to assume he also meant silver was too, since it’s had a longer history of being money than gold anyway:)
Anyone else sick of these scumbags who think they can rule the world?
HAHA, Max was about to say “Thank you for being ‘On the Edge!’”
That was a nice catch.
Gold and Silver is REAL money! …and “They” know it… you can’t ignore 6000 years of history.
@davincij15 Everyone speaks money fluently
Just to let you know that much of the value precious metals (gold/silver) is due to “fiat”.
Silver is the best anti-pathogenic. Perfect for cleansing us of the cartels like JP Morgan.
what the fuck is with their overuse of the “neo” prefix?
@dontblockmedk
Beautifully put.
The financial system is self defeating.