Sunday, December 15, 2013

Keiser Report with Jeff Berwick

From RT

Published on Dec 14, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the debt incest cult operating on Wall Street in which JP Morgan's Sons and Daughters mate two units of related debt for four generations and thus spawning a deformed and cross-eyed credit market.

In the second half, Max interviews Jeff Berwick of about the great Bitcoin divide in the libertarian community and about the great migration from the USA to Mexico and beyond by Americans seeking more liberty and freedom.

Deutsche Bank Probed over the Gold and Silver Fix


Article link

Dec 13 (Reuters) - German banking regulator Bafin has demanded documents from Deutsche Bank as part of a probe into suspected manipulation of benchmark gold and silver prices by banks, the Financial Times reported, citing sources.

Bafin has interrogated the bank's staff during several on-site inspections over the past few months, the newspaper said on its website, citing people familiar with the matter.()

Currently, gold fixing happens twice a day by teleconference with five banks: Deutsche Bank, Bank of Nova Scotia-ScotiaMocatta, Barclays Bank Plc, HSBC Bank USA, NA and Société Générale. The fixings are used to determine prices globally.

Deutsche Bank is also one of three banks that take part in the equivalent process for silver.

In the wake of the recent Libor interbank lending scandal, questions have been raised about how benchmark rates are set, prompting authorities and banking industry bodies worldwide to overhaul rate-setting processes.

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