Pinnacle TV

Max Keiser discusses the b-b-b-bad to the bone Fannie Mae and Freddie Mac, the two government owned facilitators of mortgage lending which are bigger and badder than ever.

Stacey Hubert relays a direct excerpt from a recent New York...

Max Keiser discusses the b-b-b-bad to the bone Fannie Mae and Freddie Mac, the two government owned facilitators of mortgage lending which are bigger and badder than ever.

Stacey Hubert relays a direct excerpt from a recent New York Times article, in summarized words according to Mr. Paulson:

"We were going to stabilize the companies' finances, reduce their importance to the mortgage market, and figure out a better system. But nothing happened."


Property bubbles from the U.K. to the U.S. are also discussed.

China’s Stock Market is in free fall again. Monday’s 8.5% decline marked the biggest market collapse in China since 2007.

“The Chinese stock market has been a speculative bubble for some time now” stated Melody Hobson of CBS. “We went from the real estate bubble there to the stock market bubble.”

Now market participants are questioning whether the Chinese government’s efforts can stabilize stocks. The Chinese government injected $8.5 billion into the market Monday, and banned sales from insiders.

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss when the ‘EU will be couping and the Greeks will be capitulating,’ while in the US, Senators are introducing legislation to allow Puerto Rico to file Chapter 9 bankruptcy in order to avoid a debt prisoner situation as Greece is enduring.

At the same time, in the US, health insurance companies’ stock prices triple in five years as consolidation into three or four providers escalate costs to individual consumers forced to consume their product.

Not only did gold selloff early in the week, but gold futures experienced their longest streak of losses since 1996.

Could the metal be due for a technical bounce?

Kitco News speaks with Gary Wagner to find out what levels he is looking at for the metal next week as gold options expire and the markets await resutls from the next FOMC meeting. Wagner commented that: "At this point, we could see a little bounce, but I am expecting more downside pressure [for gold]”.

The privatization of Greek assets is discussed in the latest episode of Boom Bust.

AT&T is now expected to get the green light in its attempt to acquire Direct TV in a $48.5 billion merger. The SEC's recent ruling is discussed. This would make AT&T the nation’s largest pay television provider, serving 26 million customers.

In recent months, some questioned whether the deal would get the regulatory approval it needed to move forward. But now those questions are all but gone!

In this episode of the Keiser Report Max Keiser and Stacy Herbert discuss when the last ear and the last eye accessible to the sound of the closing bell and the last printing of the ticker will mean the US Empire ceases to be as the stock market shrinks along with political, moral and cultural space.

Peter Schiff discusses the HUI Index’s decline and other major gold stock declines following China's announcement.

China recently updated its total holdings on gold, deeply disappointing the market.

German Chancellor Angela Merkel held out the prospect of limited debt relief as crisis-ravaged Greece reopens its banks three weeks after they were shut. Monday is also the day the country must reimburse the European Central Bank 4.2 billion euros ($4.5 billion), including interest, as bonds bought during its last debt crisis mature.

In a video from earlier this year, Carl Icahn warned investors of the potential "destructive" nature of the Fed's policies.

Marc Faber discusses the vintage car bubble among other bubbles.

Various market distortions, along with Faber's predictions, which include a "massive deflation in asset prices" are also outlined.

Finally, Faber recommends what investors should buy.

With gold hitting an 8-month low on Wednesday, market veteran Todd “Bubba’ Horwitz sees it as a buying opportunity.

The “hawkish tone” Fed Chair Janet Yellen put out today, “knocked everything to its knees,” said the host of the Bubba Show and Senior Strategist for the Adam Mesh Trading Group.

Horwitz made a huge call, stating: “I don’t think we are going straight up but I think gold has seen the lows.”

Bubba said he never saw gold as a safe haven play, “It’s a precious metal that you should own in your portfolio.”

Peter Schiff discusses the main reasons behind Greece staying in the Euro Zone. Why Greece should have simply defaulted on their debts is also explained.  

Schiff believes the best thing for the Euro Zone would have been if Greece had left.

Schiff highlights that upwards of 50% of all shipping in the Mediterranean is based in Greece, which may come into jeopardy in the coming months as taxation is contemplated.

U.S. and Iranian diplomats dug in over the last obstacles to a historic nuclear deal and signaled they’d let slip their chance to seal an accord by their latest self-prescribed deadline.

Bloomberg's Indira Lakshmanan cites "significant differences" still at play which have delayed the historic deal from closing.

In this episode of the Keiser Report Max Keiser and Stacy Herbert discuss Grexits, glitches and equity disasters as the times in which we live get interesting.

Just before the 8-minute mark, the manipulation of the LIBOR rate is discussed. Tom Hayes, who worked for UBS and Citigroup, told a fellow trader: "Just give the cash desk a Mars bar and they'll set wherever you want."

In the second half Max interviews Ben Dyson of Positive Money about the role of the European Monetary Union in the Greek economic disaster.

Kitco News is joined in its studio by ETF Securities’ Mike McGlone to discuss recent volatility in both the gold and silver markets.

Silver fell by over 7% this Tuesday, but managed to bounce off the lows, while gold saw a drop of around 2% and has now rebounded.

In respect to the gold/silver ratio, McGlone says it has been at elevated levels, above 72, “for the longest period since 2003-2004.”

In the latest episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Greek referendum results, financial terrorism and bail-in fears induced velocity of money.

Yanis Varoufakis' decision to step away from his role as Finance Minister is also explored. Yanis Varoufakis is the 'Shane' of Greece.

In the second half, Max interviews Professor Steve Keen about the Greek ‘OXI’ (No) vote and the dictatorship of the ECB.

Peter Schiff is predicting a huge decline in living standards in Greece following the recent 'no' vote.

Should the Greeks return to the drachma, it will not provide Greek citizens nearly as much purchasing power as the euro would have.

"Things are going to go from bad to worse in Greece." - Schiff

Peter Schiff discusses the labor force participation rate, which dropped to 62.6% in June, the lowest since 1977.

According to the government, 432,000 people dropped out of the labor force in June. Schiff explains this is twice the amount of people who got jobs in the month of June.

Schiff references a recent statistic on zerohedge.com, which explains "during the entirety of the Obama recovery, we have lost 1.4 million manufacturing jobs and we have gained 1.4 million waitress, waiter and bartending jobs."

Greek Finance Minister Yanis Varoufakis said he’ll quit in the event of a “yes” vote, Varoufakis said in an interview with Bloomberg Television's Guy Johnson in Athens Thursday. “But I will help whoever is” to navigate the country’s debt crisis, he said.

Varoufakis, the outspoken finance minister resigned from his post Monday, just a few hours after voters rejected creditors' demands for more austerity in a referendum.

Financial expert Michael Pento provides an update on gold and silver, the Greek debt crisis and also thinks the biggest danger in the world is overconfidence in central banks.

Peter Schiff discusses the tax benefits to his asset management company which moved to Puerto Rico a few years ago.

Schiff talks about low interest rates and why he advocates a default for Puerto Rico.

Schiff explains that Puerto Rico is in better shape than the U.S. when it comes to the debt to GDP ratio.