Max Keiser, PIR and SRU Tuesday 9-8-2020
Keiser Report | In Memory of David Graeber | E1590
Sep 8, 2020
In this episode of Keiser Report, Max and Stacy eulogize David Graeber, author of Debt: The First 5,000 Years.
In memory of his work, they look at the present pile of debt keeping young adults moving back in with their parents at the highest rate since the Great Depression and thus depressing househould formation, an important part of a healthy economy.
In the second half, Max continues his conversation with Otavio ‘Tavi’ Costa about gold, the dollar, credit exhaustion, deglobalization and more.
Patriot Intel Report
PIR 09 08 20
There are Rumors that the QFS is now operational.
Charles Ward says to look for something big to happen on Sept. 9th. That is tomorrow.
The US House and Senate came back to work today. They are supposed to vote on some kind of Stimulus for the people.
China To Dump 20% Of US Treasury Holdings, Threatens To Sell 100% In "Extreme Case" Like Conflict
Silver Report Uncut: Sep 7, 2020
China warned Thursday of their intention to sell off 20% of their over $1 trillion in Treasury Securities.
They plan to reduce the holding of US treasuries down to around $800 billion and though China has been steadily reducing their Treasury holdings they have never had a wholesale dumping of treasuries and they even warned they might sell everything in an extreme case like during conflict.
Around a year ago someone ran an unconfirmed headline warning of China's intention to begin selling Treasuries and the market sold off on the headline though it turned out not to be true.
At the time I thought maybe this was some kind of test, and it's clear they understand the significance because they also left the most alarming warning.
They might sell their entire stock of Treasury securities which numbers over $1 trillion at the time.
They said this is the option they will uses in an extreme case like conflict. This announcement was on Thursday and its no coincidence that's the day the market began to sell off.