In this video a discussion – interview with Paul Buitink (reinvent.money) and Tuur Demeester (macrotrends.be) who talk with gold veteran James Turk (bitgold) about the prospects of the Fed raising interest rates and the way in this will happen exactly. James thinks it won’t happen. And next year will be difficult too because it’s an election year. The Fed can’t hike rates anyway says James because it would render them insolvent on a marked-to-market basis. Also the Treasury can’t pay higher interest rates. We also talk about the consequences for gold and bitcoin and James explains how his company bitgold (now merged with GoldMoney) can make it easy to buy, store and pay with gold. Tuur goes into how to best position for the upcoming rally in bitcoin. Paul highlights the new initiative he’s working on, a full reserve bank called depositobank.
Below a video with Max Keiser (keiser report) and Stacy Herbert discuss central bankers and governments from Iceland to Argentina attempting to tilt the global pinball game so that the ball goes in the ‘right’ hole while ‘invincibility’ tattoos fail to protect from the guns and knives of financial weapons in the real world. In the second half, Max Keiser talks to Tuur Demeester (macrotrends.be) about the recent report from the European Central Bank suggesting they are concerned about the new breed of decentralized digital currencies threatening their seignorage rights. They also discuss the financial jungle of Argentina where capital controls and economic chaos prove a great testing ground for new currencies.