Power Mad Obama Offers Two Choices: Unconditional Surrender Or Default

Jim SinclairBarack Obama is warning that if he does not get everything that he wants that he will force the U.S. government into a devastating debt default which will cripple the entire global economy.  In essence, Obama has become so power mad that he is actually willing to take the entire planet hostage in order to achieve his goals.  A lot of people are blaming the government shutdown on the Republicans, but they have already voted to fund the entire government except for Obamacare.  The U.S. Constitution requires that all spending bills originate in the House of Representatives, and the House did their duty by passing a spending bill.  If the Senate or the President do not like the bill that the House has passed, then negotiations need to take place.  That is how our system works.  And the weak-kneed Republicans have already indicated that they are willing to give up virtually all of their prior demands.  In fact, if Obama offered all of them 20 dollar gift certificates to Denny’s to end this crisis they would probably jump at that deal.  But that is not good enough for Obama.  He has made it clear that he will settle for nothing less than the complete and unconditional surrender of the Republican Party.
Why is Obama doing this?  Why is Obama willing to bring the country to the brink of financial disaster? [Read more...]

Massive Debt Levels Will Push Silver to $150 and Beyond

rocketThe massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.
The process of the devaluation of gold and silver, started by the demonetization of gold and silver, is about to reverse at a greater speed than ever before. This is similar to what happened during the late 70s, when the gold and silver price increased significantly.
However, what happened in the 70’s was just a prelude to this coming rally. [Read more...]

Max Keiser: Tsunami of Bad Debt About to Fall Upon Us

Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss the market creatures with no apparent instinct for survival as they walk toward the frothy market despite all the signs of a debt tsunami about to hit.
They also discuss when Goldman Shrugged after Thomson Reuters data was no longer available to high speed frontrunners. In the second half, Max talks to Jan Skoyles of The Real Asset Company about gold demand in China, the Shanghai Gold Exchange and smuggling Snowden in Venezuela’s gold delivery. [Read more...]

Keiser Report: Wicked Debt Web

bankster debt webIn the latest Keiser Report, Max Keiser and Stacy Herbert discuss the wicked web that has been weaved when banksters first set out to deceive, the first law of thermo-derivatives which states that risk cannot be destroyed and the hot tub of fraud in which the taxpayer owned Royal Bank of Scotland weaves their web of deception. In the second half of the show, Max Keiser talks to Mitch Feierstein, author of Planet Ponzi, who shows us what the Fed’s $3 trillion balance sheet would look like in a briefcase and the Central Banking bag of tricks that include: divert and deflect, delay and pray and extend and pretend. Finally they ponder whether we face a global reset or sovereign failures? [Read more...]