In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the past which is the future for the empire of debt that is America where financial engineering is to its rule as road engineering was to the Roman one. As financial engineering fails, however, from QE to share buybacks, the imperial power erodes. In the second half, Max interviews Dmitry Orlov of ClubOrlov.blogspot.com about where he and Colonel Wilkerson agree about the signs of collapse of the silliest empire. - Source
Money manager Axel Merk doesn’t like the U.S. dollar or stocks. Merk explains, “The dollar is supposed to rise when the world is in crisis, but what happened over the last year and a half or so is whenever there was good news, the dollar was rallying, and every time we had a sell-off, the dollar was plunging. The dollar rally has pretty much evaporated, and people aren’t aware of it yet. The dollar isn’t as healthy as it used to be. The story line was rates were going to go through the roof because everything is fantastic in the U.S. The dollar, just like the stock market, is way over extended. . . . The environment is very supportive for the price of gold right now.
Jim Rickards tells Lelde Smits on Modern Wall Street there is no way the US Federal Reserve will hike rates. Instead, Rickards believes the next move will be easing in March 2016 and predicts the impact on markets, metals and currencies.