Monthly Archives: December 2019


Sarcasm – US Stock Prices Hit a Permanently High Plateau

YouTube has the video Keiser Report: US Stock Prices Hit a Permanently High Plateau (E1470).

In this episode of the Keiser Report, Max and Stacy discuss Irving Fisher’s correct but early call in 1929 when he said that stock prices had hit a permanently high plateau. He just needed to wait some few decades for an all fiat regime controlled by a banker-coddling central bank. They also discuss the $4 trillion from the NY Fed propping up the stock market — an allegedly ‘unintended consequence’ of bailing out repo markets.

In the second half, Max interviews Ross Ashcroft of Renegade Inc. about the cantillon effect, taxing land values, turmoil in repo markets, and a global debt jubilee.


The bullshit level in this episode of the Keiser Report is as close to 0 as you can get. If you want to know what I worry about as my stock market gains roll in, this is it.

As I used to mutter under my breath as I saw all the people making money on the dot com bubble. “It’s not what you you gained today that matters. it’s what you get to keep.” Eventually, I was right.

You have to watch the video to see the irony in the headline.


Professor Bill Mitchell – Reframing the Progressive Agenda

YouTube has the video Professor Bill Mitchell – Reframing the Progressive Agenda, London

The talk considers questions such as:

How can the debate on the economy be reframed around the things that really matter – people and the environment?

Does Modern Monetary Theory hold the key?

Toward the end of the lecture Mitchell showed the following slide:

John Maynard Keynes Quote

The purpose of the lecture is to unfuddle your head. There has been an effort for over 50 years to fuddle your head, and that effort has been far too successful.