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Related: About this forumKeiser Report: *Terrifying DEMO: GIANT DERIVATIVES/DEBT BUBBLE to Wreck Global Economy in 2016
Jan. 21, Great program with Max Keiser and Stacy Herbert reporting weekly on scandals and issues in the financial news.
In the 1st half, Max and a special guest talk about "WHINY RAGEQUITTING" by a Bitcoin core developer about to join the 40 largest banks in the world in their private Blockchain endeavor.
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>The *2nd half, 12:37 min. mark, is especially effective & dramatic. Max interviews investor Stephen Kendal & provides an amazing Demonstration of Global Markets, Securities & the growing unregulated DERIVATIVES WRECKING BALL.
Max uses physical prop models to show the DERIVATIVES DEBT BALL-BUBBLE & Shadow Banking growing larger before each of the Last 2 Financial Crashes, in 2000 & 2008. Now the GIANT BALL'S increased size is about to wreck the Global Economy with the Coming Meltdown in 2016.
In the end it's always GOLD and SILVER.
dixiegrrrrl
(60,010 posts)Had to get a special ruling to allow them to do that, but of course that was no problem.
appalachiablue
(41,182 posts)>Jan. 21, 2016. JP Morgan Executive Jamie Dimon Gets Salary Pay Raise of 35% to 27Million Amid Cutbacks.
http://www.usatoday.com/story/money/2016/01/21/jpmorgan-ceo-gets-pay-raise-35-27m/79132018/
rjsquirrel
(4,762 posts)Buy now. It's going back up.
Gregorian
(23,867 posts)Ten years of listening to Max, and this really feels like the culmination.
So the news about Bitcoin being a failure was a lie. It outperformed every currency last year.
robbob
(3,539 posts)Just about a month ago. Received very little play over here, aside from a few snide remarks I heard about how this bank had to be bailed out last year. I thought that was a major WTF moment: a large bank panicking about the future of the stock market? Not a great sign...
appalachiablue
(41,182 posts)Last edited Fri Jan 22, 2016, 05:26 PM - Edit history (1)
ETA:
> Royal Bank of Scotland (RBS) Tells Investors, 'Sell Everything', AFR, Jan. 12, 2016.
http://www.afr.com/markets/rbs-tells-investors-sell-everything-20160111-gm3ssa
The Royal Bank of Scotland (RBS) has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that the major stock markets could fall by a fifth and oil may reach $US16 a barrel.
The bank's credit team said markets are flashing the same stress alerts as they did before the Lehman crisis in 2008.
"Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small," it said in a client note.
Andrew Roberts, the bank's credit chief, said both global trade and loans are contracting, a nasty cocktail for corporate balance sheets and equity earnings, and uncharted waters given that debt ratios have reached record highs.
Read more: http://www.afr.com/markets/rbs-tells-investors-sell-everything-20160111-gm3ssa#ixzz3y0icgU1c
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appalachiablue
(41,182 posts)Than Half the Planet- 3.6 Billion people. It was 338 people in 2010, five years ago. Will it be just 2 Zillionaires in three years?