Economics

Economics
Max and Stacy give you all the financial news you need as the Global Insurrection Against Banker Occupation gathers pace. Occupy Wall Street, Crash JP Morgan, Buy Silver and DEFINITELY visit MaxKeiser.com!
Updated: 10 hours 4 min ago

ITO Alert: Crypviser, The First Blockchain-based, Encrypted Communication Platform

9-Jun-2017

The First Blockchain-based, Encrypted Communication Platform is allowing investors to participate via the newly issued CVCoin which will trade under the symbol: CVC. Early results from the raise are quite impressive and validates the need and want for encrypted communications. The coin has a real use case and we are excited to initiate coverage.

Based in Dusseldorf, Germany, Crypviser launched their Initial Token Offering (ITO) on the 20th May 2017.  Now that early bird investors had their chance to purchase tokens at a 30% discount, the ITO has opened to the entire community.

 

The Crypviser Network is the most secure unified communication platform based on Blockchain technologies. It uses state-of-the-art encryption protocols, which allows individual and enterprise customers to overcome the security challenges posed by popular messengers like WhatsApp, Viber, Telegram, etc. which are prone to hacking attacks and periodic outages.

The Crypviser communication platform has been under development since 2015. The developers have implemented an innovative security core that offers protection on the local, network and server levels and an unbeatable cryptographic model.

Crypviser’s solution not only prevents information leakage to third parties but also eliminates man-in-the-middle attacks, local data storage vulnerabilities and allows detection of unauthorized interception attempts through integrated intrusion detection algorithms.

In simple words, Crypviser follows the principles: No Tracking,” “No Tracing” and “No Metadata Records.

Crypviser Secure Protocol (CSMP) provides real end-to-end encryption and a blockchain-based, disruptive public keys distribution model. Every message sent over the platform is encrypted at the users’ side before it transmits over the network. At the same time, a unique public key authentication system enables the receiver to verify each other’s public keys manually in peer-to-peer mode (for a FREE subscription), or automatically through Blockchain transactions.

It also provides local level security for storing data within a device using a symmetric 256-bit encryption key, based on finger movement patterns. CSMP includes strong encryption technologies such as Elliptic Curve Cryptography, the newest and fastest stream cipher SALSA20/20, SHA3-512 HASH, and more. The patent pending CrypID client-server authorization technology, along with the first Blockchain implementation in the scope of instant data exchange, makes Crypviser the most secure communication solution on the market.

A review of all the features offered by Crypviser shows that the platform is much more than just a messaging application. It is a secure, all-around, private social network application capable of sending messages and multimedia files, voice, video or conference calls and more. Businesses can get a bit more out of the network by utilizing the secure cloud-based PBX features, unique widgets, and services.

Download Whitepaper

Crypviser will launch as a freemium product. A free of charge plan will be available with limited functionality in manual protection mode for everyday communication needs, without worrying about security or downtime issues. Premium users will have to pay a small transaction fee to automate their encryption key’s authentication process and benefit from the protection offered by blockchain technologies, as well as to enjoy the all ultimate features of Crypviser. Premium users can also enjoy a full range of network capabilities and additional services, like secure international calls, incoming DID numbers, and more, for free.

Vadim Andryan, the CEO and Chief Architect of Crypviser, says,

“Crypviser offers the first secure multi-device synchronization in encryption mode known as Secure Sync. It allows users to run the same Crypviser account on multiple devices and different platforms. Regardless of the platform, users have complete control over their privacy by approving or denying screenshots of their messages on the receivers’ side or forwarding their shared data.”

“The auto-destruction feature ensures additional privacy by deleting the shared data after a specified period. Crypviser keeps users updated about their security status and in the case of any intrusion (like a man-in-the-middle attack), it sends out an immediate alarm for a possible risk.”

The crowd sale will allow the platform to raise the required funds while ensuring the best interests of its investors and the Crypviser app will soon be available on Google Play and Apple App Store markets in beta-mode. All participants of the CVCoin ITO will have the opportunity to test the Crypviser app for social communication in beta-mode and enjoy additional bonuses.

To get more details on the CVCoin ICO, please visit Crypviser.

Gold in Pounds Rises 1.5% To £1,001/oz – Risk Of UK Political Turmoil

9-Jun-2017

– Gold in pounds rises 1.5% from £986/oz to £1,001/oz after shock UK election result

– Gold reaches 7 week high and surges 6% in the last 30 days from £942/oz to £1,001/oz

Gold in pounds – 1 month

– Very robust gold sales experienced by gold brokers, including GoldCore, in the UK this week and today 

– May’s ruling Conservative party loses overall majority and prospect of hung U.K. parliament

– PM May vulnerable from within Tory Party and Corbyn has called for her to resign

– Corbyn and Labour party on the rise which may pose risks to vulnerable London property market and UK economy as investor sentiment towards UK sours further

– Vote set to boost political turmoil in UK, complicate Brexit talks with EU whose hand is strengthened

As reported by Bloomberg News this morning:

Gold priced in sterling surged to the highest level in more than seven weeks as Prime Minister Theresa May failed to win an overall majority in the U.K. election, signaling further political turmoil less than a year after Britain voted to leave the European Union.

The outcome throws into doubt May’s future as prime minister just days before negotiations are due to start on the country’s exit from the EU.

Read full story here…

Access Award Winning Daily and Weekly Updates Here

[KR1081] Keiser Report: ‘Liquidity Turbulence’

8-Jun-2017

We discuss ‘liquidity turbulence’ and ask whether it is the ‘credit crunch’ of our day. In the second half Max continues his conversation with Jameson Lopp of Bitgo.com about the latest in the bitcoin and cryptocurrencies world.

Gold Prices Steady On UK Election Risk; ECB Meeting and Geopolitical Risk

8-Jun-2017

Gold Prices Steady On UK Election Risk; ECB and Geopolitical Risk

by Reuters

* Gold prices could see strong intraday volatility – analyst
* UK election, Ex-FBI director testimony, ECB meeting set for later in the day
* Downside for gold is “limited” (especially in sterling)

Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal.

Gold prices in UK sterling

Polling has started in the UK national elections, while the European Central Bank (ECB) may discuss dropping additional stimulus pledges at a meeting later and former United States Federal Bureau of Investigation director James Comey will testify before the U.S. Congress about his interactions with President Donald Trump later in the day.

“Unless there is a major surprise today and the Labor Party gets up over the Conservatives, I doubt there will be much reaction to gold price from the UK election. The market has already priced this,” said Cameron Alexander, an analyst with Thomson Reuters-owned metals consultancy GFMS.

Read full story here…

Access Award Winning Daily and Weekly Updates Here

Things you overhear at dentist’s office

7-Jun-2017

I’m sitting in my dentist’s office. He’s telling one of his patients to buy this stock. Looks risky!

Gold Breaks 6-Year Downtrend On Safe Haven and 50% Surge In Chinese Demand

7-Jun-2017

– Gold prices break 6 year down trend on safe haven demand (see charts)
– Chinese gold demand set to surge 50% to 1,000 metric tonnes
– Chinese demand for gold bars on track to surge more than 60 percent in 2017
– Geopolitical risk internationally leading to safe haven demand

– UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today
– Gold is 12.5% higher for year and outperforming stocks (see table)

Gold prices have broken out above the six year long downtrend (see charts) due to a 50% surge in Chinese demand and increasing safe haven demand internationally.

Goldchartsrus.com

Gold is now 12.5% higher year to date in dollar terms and technical analysts say that the breakout is important technically. When combined with the very uncertain geo-political and positive supply demand backdrop, it is a bullish development.

Gold jumped more than 1% yesterday on concerns of conflict in the Middle East after the Saudi coalitions aggressive move against gas rich Qatar and Iran. Today there have been terrorist attacks in the Iranian parliament and at least seven people have been killed.

Finviz

Gold likely also received a safe haven bid due to heightened terrorism concerns after the terrorist attacks in London and the possibility that a left leaning Labour government under Corbyn may come to power in the UK.

Chinese gold demand has increased very substantially again and Chinese gold imports are seen jumping 50% back to 1,000 metric tonnes as reported by Bloomberg.

Read full story here….

Access Award Winning Daily and Weekly Updates Here

[KR1080] Keiser Report: Is There a Tech Bubble?

7-Jun-2017

We ask whether or not there is a tech bubble and, if so, whether there are cracks appearing in that bubble. In the second half Max talks to Jameson Lopp of Bitgo.com about the latest in the bitcoin and cryptocurrencies world.

WTF! Intercept Intercepted!? Glenn Got Some Spainning To Do

6-Jun-2017

Gold, Sulver, Bitcoin, The Intercept and Cleasea Manning…

Deposit Bail In Risk as Spanish Bank’s Stocks and Bonds Crash

6-Jun-2017

– Deposit bail in risk as stocks and bonds of Spanish bank –  Banco Popular – crash

– Banco Popular stock crashes most on record – down 63% this year to 34 euro cents

– Spanish bank tells employees – “Don’t panic”

– Risk of Spanish banking crisis as Banco Popular credit curve inverts

– Banco Popular needs to find at least €4 billion more capital – analysts

– Deposits over €100,000 (euro) vulnerable to bail-in

– EU, U.S., UK push for bank ‘bail-ins’ poses risks to depositors

Source: Google

Banco Popular’s shares crashed another 17 per cent yesterday to record lows amid concerns the Spanish bank may have to be “wound down” and could see bail-ins of investors and depositors.

There are increasing fears that there is no buyer for the bank and this saw its share price dropped to €0.34 (34 euro cents). The bank’s stocks had already fallen nearly 50 per cent in the last week and is down 63% this year.

Shares also fell sharply last Friday as hoped for buyers dropped out of the Banco Popular auction process. Final bids are due this week and international publications have reported that Spanish banking rivals BBVA and Bankia had been interested.

Read full story here…

Access Award Winning Daily and Weekly Updates Here

Glass-Steagall 2.0?

5-Jun-2017

This story has slipped under the Trump-frenzied radar. According to my sources, this may actually make it to the floor for a vote.

Congresswoman Marcy Kaptur (OH-09) and Congressman Walter Jones (NC-03) introduced to the House Rules Committee a bipartisan amendment to H.R. 10, the Financial CHOICE Act, which is set to move to the House floor for a vote this week. The Kaptur-Jones amendment removes the bill’s current language, which takes America backward on Wall Street reform, and replaces it with the Return to Prudent Banking Act, a bill led by Kaptur, which reinstates critical Glass-Steagall protections.

Kaptur and Jones will both testify at the Rules Committee hearing which will determine whether this much-needed measure will make it to the House floor for a vote.

When: June 6, 2017, 5:00 PM (estimated hearing start time)

Make sure to call your congressperson and tell them what you want. Notice that the repeal of Glass-Steagall (thanks Clinton) directly caused the Too Big To Fail financial menace and mafia terrorizing our markets:

UPDATE: Here is BBG on the story.

Gold stays strong following London Attacks

5-Jun-2017

A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.

This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the horrendous incident.

As was seen following the Manchester attack there has been a slight uptick in risk aversion over night. This morning the British pound slipped in Asian trading, both the Yen and gold have retained earlier gains. After dropping 0.7 percent last week the dollar index did edge higher earlier but remains close to 96.654, its lowest since the US election results.

On Friday gold hit its highest in over 6 weeks due to disappointing US jobs data. The Non-Farm Payrolls report showed the labour market was losing momentum. Unemployment is at a 16 year low of 4.3% but data showed below-forecast hiring and wage growth.

Read full story here….

Access Award Winning Daily and Weekly Updates Here

Black Swan in the Persian Gulf?

5-Jun-2017

I know they like to call it the ‘Arabian Gulf,’ but it’s the Persian Gulf. Get over it. But, my god, what’s going on there! There’s no turning back from this sort of public outing of your partner in terror financing:

BREAKING: Saudi Arabia accuses Qatar of 'sponsoring terrorism' – @The_NewArab

— Conflict News (@Conflicts) June 5, 2017

Wow. Arab Coalition ends #Qatar participation, accuses Doha of "working with militias, supporting Qaeda & ISIS" https://t.co/BsneV7bbzq

— Joyce Karam (@Joyce_Karam) June 5, 2017

Here’s a bit of background:

Here's the basic background on Qatar/GCC dispute. Also UAE ambassador to US had his email hacked. https://t.co/XwFvREiplC pic.twitter.com/ZnMXGluELG

— Max Fisher (@Max_Fisher) June 5, 2017

And did the Trump administration okay this?

US officials *just* met with the Saudis and Egyptians. Have to wonder whether they gave US headsup or asked go-ahead https://t.co/Yp8wBhr6pt

— Max Fisher (@Max_Fisher) June 5, 2017

It would seem so. And, if so, does this mean the Syria conflict (which was really a Qatari project) now de-escalated? While Yemen gets go ahead to escalate in Yemen?

We Confirmed Months Ago. Putin And Flynn Barely Spoke at Dinner Event We Attended In Moscow

4-Jun-2017

Putin's dinner with Michael Flynn: 'I didn't even really talk to him' https://t.co/F8XfWNgqs2 pic.twitter.com/BBdSWVofno

— Reuters Top News (@Reuters) June 4, 2017

#Russiagate: According to @maxkeiser and @stacyherbert Michael #Flynn never spoke to #Putin at 2015 RT Dinner https://t.co/yI3vuLvR3X

— Valentin Schmid (@vxschmid) May 29, 2017

Less Than Zero: How The Fed Killed Saving

4-Jun-2017

The Fed (along with the other major world central banks) has destroyed the incentive for society to save.

This is not an accident of fate. The Federal Reserve has very deliberately engineered this situation. It has chosen to sacrifice the many — the savers and those dependent on a fixed income — to benefit an elite few.

Click here to read the full article

Did someone forget to pay the Saudis their bribe on time?

4-Jun-2017

Yet another terror attack. And while at this writing, no group has claimed responsibility, one can assume, as with the vast majority of these attacks, it is not Iran but Saudi funded, educated, brainwashed ideological warriors involved.

At some point, a conversation about Saudi Arabia needs to be had.

— Stacy Herbert (@stacyherbert) June 4, 2017

And yet another response to terror which does not include any conversation about what exactly Saudi Arabia’s role is. Why?

At some point the US has to stop selling Saudi Arabia (and everyone else in Middle East) arms. Notice how london attackers only had knives? https://t.co/CePpDA8d9F

— BenAris (@bneeditor) June 4, 2017

Of course, let’s, indeed, rewind a bit:

let's rewind a bit https://t.co/yoOFwnPitr

— MvW (@amsterdamized) June 4, 2017

You will recall that the first of these terror attacks on London was 7/7 and we learned after that, that Prince Bandar threatened Tony Blair with another such attack if the Serious Fraud Office investigated the £1 billion slush fund for Bandar’s prostitutes, drugs, alcohol, sex parties, etc. Blair shut down that inquiry on national security grounds and we, collectively, refused to ask any further questions.

In light of this latest attack, however, it begs the question: did someone forget to pay this year’s bribe?

But, alas, we’re all in on the slush fund action now and so perhaps don’t want to hear ’embarrassing’ truths as Theresa May might say:

US & UK banks JPMorgan, Morgan Stanley and HSBC are lead underwriters for Saudi Aramco’s upcoming $100 billion IPO – the largest ever.

— Downtown Josh Brown (@ReformedBroker) June 4, 2017

And I find it interesting that the media and our governments can whip so much of the population into a xenophobic hysteria about Russia allegedly ‘undermining our democracy’ and yet there is no greater undermining of our so-called democracies than our same government’s response to the never-ending Saudi financed terror events:

Theresa May has wanted to control the internet for a long time. Wastes no time exploiting this attack to demand this https://t.co/1QIm8VEMO9

— Glenn Greenwald (@ggreenwald) June 4, 2017

We need to be smart, vigilant and tough. We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!

— Donald J. Trump (@realDonaldTrump) June 3, 2017

I’m not suggesting we need to stoke the population into a xenophobic hysteria as the US beltway media has done against Russia (and re: that hysteria, this is an excellent piece to read). No, I’m suggesting we be honest with ourselves about the world we have created around us. And why we are hysterics against some and not others. Qui bono?

Saudi Aramco selling 5% of itself, could be worth $2 trillion. Considering either London or NYSE for listing. We should impose conditions.

— Downtown Josh Brown (@ReformedBroker) June 4, 2017

It’s time to have a conversation about Saudi Arabia.

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