Keiser Report: Paper Jihad Results in Traffic Jams Outside Asian Bullion Shops

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss paper addiction and the toothless, pimply faced paper pushers hooked on an ever-increasing fix of debt. There is no paper these guys won’t push, no debt they won’t inject into the veins of the economy and these addicts refuse to sober up despite the overwhelming evidence found in gold demand that they’ve reached a bottom at which no new hit can get them high. In the second half of the show Max talks to John ‘J.S.’ Kim of SmartknowledgeU.com about the precious metals market, traffic jams outside bullion shops in Asia and central bankers buying paper.

 

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  1. The video cannot be shown at the moment. Please try again later.

    • I personally remember every single one of the experiences those folks recounted, except that when I was a kid, a decent car could be had for 50 bucks, not 150. Their senses of summation I also observed and agree with. The ‘busybodies’ have been given free reign to impose their piddling indignities onto our lives, where in my youth they were most generally grudgingly dismissed as intolerant of differences between folks and allowing for expression of their personalities. I blame lawyers and politicians anxious to use the incessant griping of the ‘busybodies’ as excuses to plunder us all.

    • Thanks for posting that video. First car was a 55 Chevy in 62 for $100. For fun we used to throw water balloons at the township constable’s car. No fear of swat team retaliation. Just got a good talking to.

    • What a lovely place America has been.  I live in the UK and understand the general feelings these people talk of.  I had similar  experiences.  The only way to get this back is to discover another Earth and go there perhaps. 

  2. Those shoppers will get their gold, there is no shortage of gold, it’s just at what price.
    What those buyers can afford to buy is basically meaningless to the gold market, we need central banks, money mangers, and wealthly individuals to buy physical gold.
     

    • No Shortage? The vaults in the US are almost empty, I call that a shortage.

    • In my small network I know at least 3 people, within the past 6 months who purchased over $100k worth of gold. I know of two other very wealthy individuals who hold large sums of gold, and purchased within the past few years.

    • “In my small network I know at least 3 people, within the past 6 months who purchased over $100k worth of gold. I know of two other very wealthy individuals who hold large sums of gold, and purchased within the past few years.”
       
      And yet, it is likely that there are many US citizens who do not know a single person who owns so much as a single gold coin.  I know quite a few people.  One of them owns some silver.  None of them own gold, other than a piece or two of jewelry.  My wife is a classic example.  She owns maybe half a dozen small pieces of gold jewelry; but refuses to buy ANY gold coins or bars, which she can well afford, despite my repeated suggestions that she do so.  OK, I am not a salesman… but I knew that before I started working on her.  :-/
       
       

    • Ok zman so what is it exactly you are trying to get at?

    • @Ed_B – I’m suprised you don’t know more people that own gold and silver

  3. Max seems done pumping Bitcoin for the moment. He now sees himself again as the main gold/silver proponent with his huge audience. Well, maybe no-one should want to be in that position. Too much power, if true.
    Is spreading financial truth and satire Max’s own private pump and dump scheme? He pushes silver, and fails. Pushes Bitcoin, wins. Buys much more gold/silver as it crashed, and pumps that now.

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