Published on Dec 11, 2012

In this episode, Max Keiser and Stacy Herbert look at the latest BIS warning of a global credit bubble caused by zero percent interest rate policies meant to appease the angry hidden people in the shadow banking system. In the second half, Max Keiser talks to David Smith of GenevaBusinessInsider.blogspot.com about the Swiss currency peg, the global game of honesty limbo in the financial sector and hoping that midnight never comes for Alice in Switzer-land.

What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe’s efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for ‘bulk ammo’ and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going ‘back to work’ is perhaps what the physical ‘horders’ are thinking… or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion… until it’s not.

via The Chart That Keeps Ben Bernanke Up At Night | ZeroHedge.

http://www.paulcraigroberts.org/2012/12/01/our-collapsing-economy-and-currency/

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used.

In this episode, Max Keiser urges “Sami don’t pay,” challenges the anti-anti-fragile Nassim Taleb to a black swan event and coins a new phrase, ‘insectual,’ to describe the increasing insect like behavior of humans online and in markets. Keiser and Stacy Herbert also discuss GATA getting attention in Austria where the central bank is haplessly looking for its alleged gold. In the second half, Max Keiser talks to Andy Bichlbaum of the Yes Men about their new film, The Yes Men are Revolting and about Action Switchboard and the war against anti-corporate activism.

In this episode, Max Keiser and Stacy Herbert discuss the water and fire signalling the arrival of the paper apocalypse as ever more analysts warn of the debt and credit bubble as governments put their faith in share traders who, a new study shows, are more manipulative than psychopaths. In the second half, Max Keiser talks to professor and economist, Steve Keen, about the fiscal cliff and private sector deleveraging. They also discuss the possibility of a currency collapse in Japan.

What Marc Faber Said to the LBMA About Gold | Gold News.