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Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #8 of Welcome to Dystopia!
During today’s episode, Jason and Eric discuss whether the Federal Reserve will raise interest rates (they didn’t) but the odds were low they would.
Jason and Eric talk about the empty promise the G20 just pledged to not engage in another currency warhttp://blogs.reuters.com/breakingview…
Next, Jason and Eric discuss Brazil and emerging markets and how their currencies and economies are in free fall because of US Dollar denominated debt and falling oil and base metal prices.
After this, Jason and Eric discuss China dumping US Treasuries so quickly and what this means.
Jason and Eric discuss the 200+:1 paper to metal ratio on the COMEX and what that means.
After that, they discuss how dire things really are for the gold and silver miners.
To wrap up the show, Jason and Eric talk about this week’s Scumbags of the Week Nominees.
This week’s nominees are:
1) Venezuelan government for arresting someone for speaking out about the corruption and stupidity in their government and for Venezuelan citizens having to smuggle powdered milk into the country
2) The Malaysian prime minister for having $700 million of public money now in his personal accounts
3) US Government for even considering using Al Quaeda to fight ISIS/ISIL
4) The nanny state of Maryland and local government in Maryland for charging a teenage boy with a 2nd degree assault charge for kissing a teenage girl at school https://reason.com/blog/2015/09/11/te…