Max Keiser and the Atlantis Report Sunday 9-6-2020
Keiser Report | Stampede Into Gold | E1589
Sep 6, 2020
In this episode of the Keiser Report, Max and Stacy look at the investors moving into gold as fear of more bailouts and stimulus shake nerves.
In the second half, Max chats to Otavio ‘Tavi’ Costa of Crescat Capital about why gold is rallying because the Fed is out of options.
US Debt to GDP Worse than Italy on The Way to Turn Full Japan
The Atlantis Report: Premiered 14 hours ago
US Debt to GDP already worse than Italy on The Way to Turn Full Japan A huge budget deficit, Future massive money printing, QE infinity, sub-zero interest rates, and operation twists guaranteed, QE flowing directly into the stock market, Cities collapsing, Pandemic, debt exploding, massive unemployment, earnings down, riots & looting, societal chaos, death destruction & mayhem in the streets!
The economy is already destroyed. Time for a reboot because the Titanic already hit the iceberg. Getting everyone to admit this is another story.
Trump has added in 43 months $8 trillion debt. We printed $2 Trillion and gave it away. All that money is bubbling up somewhere.
The FED is out printing currency out of oblivion, robbing us of our purchasing power since 1913. Had all of this stimulus gone to the people and infrastructure needs, we might have actually been in the midst of a renaissance. Instead, all those trillions are resting soundly in the clutches of JPM, Morgan Stanley, Goldman Sachs, Boeing, Lockheed, etc. It was a massive robbery.
Over 600 billionaires got around $700 billion. Both parties promised an infrastructure build before the election. We never got it. The first stimulus was hinted at but nothing. It was a robbery. We the people got peanuts.
The reason why there is low money velocity is that the treasury prints the money and deposits into the too big to fail banks who simply sit on the money and either buy risk-free, low yield assets like Treasury bills ; or fund high-risk high reward IB activities.
Either way, the too big to fail banks are not functioning as actual economic lenders to the main street market that actually causes expansion of the economy. Everybody knows this.
It's a Ponzi scheme to keep the elites and bankers liquid and everyone hustling to make a crappy living. The money only goes to rich insider fatcats to cover their gambling losses and top off their tanks so they can buy up everything (they don't already own). Everybody else is broke.
For the full transcript go to https://financearmageddon.blogspot.com