The Bermuda Triangle of pandemic (E1522)
In this episode of Keiser Report, Max and Stacy look at the Bermuda Triangle of consequences unfolding as the fiat-based system wobbles once again, throwing off the good, the bad and the ugly into a world of topsy-turvy. They discuss the new ‘unobtanium’ of physical gold in a market broken by huge demand for the precious metal amid a world disoriented by pandemic, with the cancelation of commercial flights having broken supply chains across the markets. They also marvel at the data on the ‘mind-blowing deflation’ that has hit the oil market, where some grades of fuel are trading at negative prices. In the second half, Max interviews James Howard Kunstler of kunstler.com about the long emergency happening now. Though Trump wants it to be a “short emergency,” the Covid-19 pandemic has exposed the impossibility of the structure of our economies.
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