[KR1487] Keiser Report: Permanent War, Permanent Repo

In this episode of Keiser Report, Max and Stacy look at the latest phase of permanent war and how bitcoin, gold, and oil markets responded to the assassination of General Soleimani. They also look at the US central bank seeking ways to make their latest interventions in the repo markets a permanent fixture for bankers.

In the second half, Max talks to Michael Pento of PentoPort.com about his case for gold. Though being not someone who considers himself a ‘goldbug,’ Pento believes there are many things the central banks and governments are doing that warrant a long position in the yellow metal.

12 comments on “[KR1487] Keiser Report: Permanent War, Permanent Repo
  1. ronron says:

    @Stacy. was Pento dressed like willie the pimp with his hair gassed back? asking for a friend.

  2. Youri Carma says:

    OIL

    IEA: The Oil Glut Is Going Nowhere
    https://www.zerohedge.com/energy/iea-oil-glut-going-nowhere

    “Non-OPEC production is very strong. We still expect production coming from, not just United States, but also Norway, Canada, Guyana, among other countries,” Birol said, adding

    “Therefore, I can tell you that the markets are, in my view, very well supplied with oil, and as a result of that, we see prices remain at $65 a barrel.”

    And if oil prices were to go down we always have the good ol fash, false flag, fake news or war threat and last but not least the PPT directly buying.

    U.S.

    The Blue-State Exodus Gains Momentum
    https://www.zerohedge.com/political/blue-state-exodus-gains-momentum

    Universal Basic Income: A Dream Come True For Despots
    https://www.zerohedge.com/political/universal-basic-income-dream-come-true-despots

    I don’t think it’s unrealistic to imagine that people may soon be forced to accept a mandatory government ID card …

    In the Netherlands you already have that. And it’s in general so not coupled to any gov. hand out or something.

    Just after the second world war this would be unimaginable but since most people who lived trough that war have died off we start all over again with fascism and that’s already here as we know.”Ausweis bitte!” we use to joke. Now it’s no joke anymore.

    Du! Ausweis bitte!
    https://www.youtube.com/watch?v=cz8gnLdTfX8

    FED

    Hedge Fund CIO: Will The Fed Ever Be Held Accountable For Turbocharging Inequality That Poisons America
    https://www.zerohedge.com/markets/hedge-fund-cio-will-fed-ever-be-held-accountable-turbocharging-inequality-poisons-america

  3. Youri Carma says:

    BONDS

    Mind The (Reality) Gap
    https://www.zerohedge.com/markets/mind-reality-gap

    What was a comfortable relationship between the 10 year ($TNX) and the banking index ($BKX) broke down in early 2019 and remains broken to this day.

    Despite both yields and the banking index improving in recent months the gap remains and signals something

    The yield gap remains with $TNX contained in a rising channel not confirming a resurgence of economic growth and strength the larger markets appears to want to price in.

    So it’s not just $BKX dragging its heels.

    How big is the gap in performance? It’s quite dramatic actually.

    What if I told you $BKX has gone nowhere during the past month while $NDX has tagged on another 7%+ in performance?

    MARKETS

    “This Is Nuts” – Why One Asset Manager Reduced Risk On Friday
    https://www.zerohedge.com/markets/nuts-why-one-asset-manager-reduced-risk-friday

    No longer is the market hostage to the real economy or sales and profit growth – stuff I have spent four decades analyzing. Instead, liquidity is seen as an overriding influence, actually it has become the sine quo non.

    “The Other 1 Percent”: Morgan Stanley Spots A Market Ratio That Is “Unprecedented Even During The Tech Bubble”
    https://www.zerohedge.com/markets/morgan-stanley-spots-market-ratio-unprecedented-even-during-tech-bubble

    With Stocks The Most Overvalued In History, Goldman Lists The 4 Biggest Risks
    https://www.zerohedge.com/markets/stocks-most-overvalued-history-goldman-lists-4-biggest-risks-stocks

    EURO ZONE

    Macron Abandons Plan To Raise Retirement Age As Rock-Throwing Protesters Get Tear-Gassed
    https://www.zerohedge.com/geopolitical/macron-abandons-plan-raise-retirement-age-rock-throwing-protesters-get-tear-gassed

  4. Youri Carma says:

    DUTCH BANKS

    Up To Euro 10,000 No Negative Interest Rates

    The four major banks will not charge negative interest in the foreseeable future to savers with less than 10,000 euros in their savings account.

    That is the result of talks that Minister Wopke Hoekstra (Finance) has had in recent weeks with the four major banks, ABN Amro, ING, Rabobank and Volksbank.

    The minister does not want a ban on negative savings interest, as some MPs requested.

    It limits market forces and a ban runs through monetary policy, with adverse consequences for the Dutch economy.

    Banks will be less inclined to lower interest rates on corporate loans and mortgages, DNB outlines on behalf of Hoekstra.

    A ban can also undermine banks’ profitability, which, according to DNB, can lead to financial stability problems.

    FROM: Het Financieele Dagblad, Friday December 6, 2019, page 15, Short, Banks

    So funny how these banks have the audacity to say: “It limits market forces and a ban runs through monetary policy,…” while they themselves manipulate all markets to death.

  5. Youri Carma says:

    CORRECTION-DUTCH BANKS:

    Up To Euro 100,000 No Negative Interest Rates

  6. Youri Carma says:

    WWIII

    Here’s Why Trump Tipped Israel Off To Soleimani Strike: They Helped With Intel
    https://www.zerohedge.com/geopolitical/heres-why-trump-tipped-israel-soleimani-strike-they-helped-intel

    This latest news also validates previous analysis by 21WIRE which concluded that Israel has been the primary source of “intelligence” provided to the White House, relating to the recent chain of events involving the United States, Iraq and Iran.

    Aha! This means that Pepe Escobar’s sources were right!

    According to my best Southwest Asia intel sources, “Israel gave the U.S. the coordinates for the assassination of Qassem Soleimani as they wanted to avoid the repercussions of taking the assassination upon themselves.”

    FROM: PEPE ESCOBAR: US Kick Starts Raging ’20s Declaring War on Iran
    https://consortiumnews.com/2020/01/03/pepe-escobar-us-kick-starts-the-raging-20s-by-declaring-war-on-iran/

    “If The US Does That, It’ll Lose Iraq Forever” – Trump Threatened To Cut Off Baghdad’s Access To Its NY Fed Cash
    https://www.zerohedge.com/geopolitical/if-us-does-itll-lose-iraq-forever-trump-threatened-cut-baghdads-access-its-ny-fed-cash

    Luongo Fears “An Abyss Of Losses” As Iraq Becomes MidEast Battleground
    https://www.zerohedge.com/geopolitical/luongo-fears-abyss-losses-iraq-becomes-mideast-battleground

  7. Youri Carma says:

    @Stacy

    Got this message when trying to get on your site? Got on via VPN.

    “Your access to this site has been limited

    Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503)

    Reason: Manual block by administrator”

    Do you have any idea?

  8. Youri Carma says:

    FED

    409Ks, 90% Gains, The Fed, & Darth Vader’s Warning
    https://www.zerohedge.com/markets/409ks-90-gains-fed-darth-vaders-warning

    Powell In 2014: “A Large Balance Sheet Might Prove A Magnet For Trouble Over Time”
    https://www.zerohedge.com/markets/powell-2014-large-balance-sheet-might-prove-magnet-trouble-over-time

    GOLD

    David Stockman: What Triggers The Next Financial Collapse?
    https://www.zerohedge.com/geopolitical/david-stockman-what-triggers-next-financial-collapse

    Maybe the next chapter is the whole system becomes unwound and the banks start buying more gold, and the front runners start buying more gold, and the price begins to multiply by breathtaking rates.

    CRYPTOS

    NBA Stymies Spencer Dinwiddie’s Plan To Sell A Crypto-Bond Backed By His $34M Contract
    https://www.zerohedge.com/markets/nba-stymies-spencer-dinwiddies-plan-sell-crypto-bond-backed-his-34m-contract

    A European Perspective On Central Bank Digital Currency
    https://www.zerohedge.com/crypto/european-perspective-central-bank-digital-currency

  9. Youri Carma says:

    So still working via VPN now. Will say if otherwise.

  10. Youri Carma says:

    U.S.

    12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins
    https://www.zerohedge.com/markets/12-signs-economy-seriously-slowing-down-2020-begins

    #1 The U.S. Manufacturing Purchasing Managers Index has been in contraction for 5 months in a row, and it is now at the lowest level we have seen since June 2009.
    #2 Last month, manufacturing employment fell at the fastest pace we have seen since August 2009.
    #3 Last month, new manufacturing orders fell at the fastest pace we have seen since April 2009.
    #4 Chicago PMI has been contracting for 4 months in a row.
    #5 European manufacturing PMI declined again in December.
    #6 Borden Dairy, one of the largest dairy companies in the entire world, declared bankruptcy just a few days ago.
    #7 Earlier this month, the Baltic Dry Index had its worst day in 6 years.
    #8 Overall, the decline in the Baltic Dry Index this month is the largest that we have seen since 2008.
    #9 The auto recession just continues to get even worse. Thanks to the substantial slowdown we witnessed during the second half of 2019, the total number of cars and trucks sold in the United States during all of 2019 was actually below the level that we witnessed back in 2000 when our population was significantly smaller.
    #10 Used heavy duty truck prices have fallen “as much as 50%“.
    #11 Macy’s just announced that they will be closing 28 stores.
    #12 To start the year, AT&T is laying off thousands of workers, and according to Robert Reich those being laid off “will have to train their foreign replacements“.

    December’s Slower Wage Growth Reflects Drop In Incentive Income
    https://www.zerohedge.com/markets/decembers-slower-wage-growth-reflects-drop-incentive-income

    Investors should be also mindful that sales are a good proxy for revenue growth -and the soft sales reports should be seen as a harbinger of weak Q4 profits in a number of businesses as well.

    US Budget Deficit Blows Out To Nine Year High In First Quarter Of Fiscal 2020
    https://www.zerohedge.com/economics/us-budget-deficit-blows-out-nine-year-high-first-quarter-fiscal-2020

    It’s Time To Pay Attention To Commercial & Industrial Loans
    https://www.zerohedge.com/personal-finance/its-time-pay-attention-commercial-industrial-loans

    These loans are often credit lines with floating interest rates – which are very low and very appealing for borrowers. And banks are eager to extend these loans and are offering them aggressively, even to my little company. So there is no issue at this side of the equation.

    But demand from businesses for these loans is a sign of economic activity, a sign that businesses are expanding or curtailing their activities. And demand is sinking.

    Are US Banks Facing A Credit Trap?
    https://www.zerohedge.com/markets/are-us-banks-facing-credit-trap

    The new area for securities fraud and ratings malfeasance is the corporate bond market. If you think the liquidity problems we saw last summer in plain vanilla repo were bad, imagine what happens when margin calls on collateral swaps start to swamp the dealer banks.

  11. Youri Carma says:

    ABN Amro sets variable savings interest to zero – negative savings of 0.5 percent apply from savings of Euro 2.5 million
    (Google trans from Dutch)
    https://translate.google.com/translate?sl=nl&tl=en&u=https%3A%2F%2Fwww.businessinsider.nl%2Fabn-amro-rente-nul-procent-sparen-negatieve-rente%2F

  12. Youri Carma says:

    Keiser Report: Capitalism Without Capital (E1488) with Tone Vays

    https://www.youtube.com/watch?v=CIXpx-HsftA

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