In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Great Leap Forward in central banks’ central planning which has driven the Housewives of China to buy 300 tons of gold, an act of disloyalty to the central bank revolution. Max notices that Mrs. Wang has displaced Mrs Watanabe as the most important buyer in global financial markets. In the second half, Max talks to Alasdair MacLeod about everything to do with the physical and paper gold markets – from open interest to naked short selling by bullion banks.
MacLeod states that trouble is brewing, and that he expects that Central Bank intervention is likely to break down much sooner than Bernanke believes is possible, and likely by Q4 2013!
[Read more...]
Alasdair Macleod: Central Bank Intervention Always Breaks Down, & Will By End 2013!
Alasdair Macleod- What COMEX Default?
In this interview with AltInvestors, GoldMoney’s Alasdair Macleod discusses why the COMEX will NOT default, and what tricks the banksters may yet have up their sleeves to keep the paper metal futures markets functioning. [Read more...]
Alasdair Macleod- Physical Gold vs Paper Gold: Waiting for the Dam to Break
In this article I will argue that the recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time.
To understand why, we must examine their role and motivations in precious metals markets and assess current ownership of physical gold, while putting investor emotion into its proper context. [Read more...]
Alasdair Macleod- Gold Price Suppression: the Game Goes On
The slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong. This leads many observers to comment that paper gold and silver and not bullion are driving prices. The current sell off is a combination of long paper positions capitulating, new short positions being opened by trend-chasers, and importantly, bullion banks squaring their books. [Read more...]
Alasdair Macleod: Money Supply Accelerating
The monthly figures for the US dollar components of Austrian, or True Money Supply, for February are now in.
The path of least resistance is simply to continue to issue more and more money (so long as it has any purchasing power). The alternative, permitting the collapse of the banking system, businesses and even government itself, is unpalatable. Meanwhile, the dollar has a brief window of zero interest rates before the effect of excessive increases in money quantities on prices graduates from inflating asset values to inflating prices for food, energy and other consumables.
Alasdair Macleod: Welfare costs rapidly escalating – everywhere
Pensions are only part of the story, with all these countries providing healthcare and other social services, which with aging populations is a substantial and increasing cost. And while some state healthcare provisions are better than others, when healthcare is run by the state it is more likely to be better as the result of higher spending than greater efficiency.
We can draw two conclusions about the European states: unless they ditch the majority of their welfare commitments, their welfare, health, and social service liabilities are going to bankrupt them. [Read more...]
Alasdair Macleod: The Relationship Between Money and Prices
Not all prices rise at the same time, nor do they rise evenly. Furthermore, the equation of exchange cannot differentiate between price changes that emanate from demand for goods and those that emanate from changes in preference for money – two effects that can produce very different results.
These unknowns are effectively wrapped up in that catch-all, velocity of circulation. [Read more...]
Alasdair Macleod- Economic Collapse in 2013?
AltInvestors has released an interview with GoldMoney’s Alasdair Macleod regarding the recent sell-off in the gold and silver markets.
Macleod states that gold and silver have nothing to worry about, and the long-anticipated global financial collapse will finally occur in 2013.
Macleod’s full interview is below: [Read more...]
Alasdair Macleod: “We are quite likely to have a failure on COMEX in the silver market”
Matterhorn Asset Management’s Lars Schall has released an excellent interview with GoldMoney’s Alasdair Macleod, discussing the latest take-down of the metals post QE4, the outlook for gold and silver, and cartel manipulation of the metals.
Macleod states that massive amounts of physical gold and silver have been flowing to Asia, and that the latest bank participation report indicates massive problems are brewing for the banksters in the COMEX silver market. With cartel shorts near a record at just under 300 million net ounces, yet with the silver price substantially lower than the 2011 high, Macleod believes that we are quite likely to have a failure on COMEX and in the silver market in particular. [Read more...]
Jim Willie: U.S. recovery is a fairy tale
GoldMoney’s Alasdair Macleod has released an excellent interview with Jim Willie of GoldenJackass.com, discussing the economy, the impact of a zero interest rate policy, and flaws in economic statistics.
Willie states that the Federal Reserve’s ongoing efforts to debase the US dollar are contributing to a relentless deterioration of the US economy. The Fed is committed to keeping interest rates at zero, and therefore has to continue to intervene in the bond market. As opposed to mainstream economic thought, Willie argues that the extraordinary low interest rates are not stimulating the economy, but rather destroying capital and hindering genuine growth.
Willie emphasises that economic statistics in the US are distorted and that the US has actually been in recession for the last four years — government unemployment statistics are in his view flawed. He expects the recession to accelerate over the coming months.
Full interview with Jim Willie below:
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