Max Keiser and Stacy Herbert
Max and Stacy give you all the financial news you need as the Global Insurrection Against Banker Occupation gathers pace. Occupy Wall Street, Crash JP Morgan, Buy Silver and DEFINITELY visit MaxKeiser.com!
- Shrinkflation – Real inflation much higher than reported and realised
- Shrinkflation is taking hold in consumer sector
- Important consumer, financial, monetary and economic issue being largely ignored by financial analysts, financial advisers, economists, central banks and the media.
- Food becoming more expensive as consumers get less for price paid
- A form of stealth inflation, few can avoid it
- Brexit is the scapegoat for shrinkflation by the media and companies
- Consumers blame retailers rather than central banks
- Gold hedge has doubled in value since 2007
Editor: Mark O’Byrne
Shrinkflation: no one left untouched
600 new words entered our official lexicon this week as the Oxford English Dictionary announced the latest new additions to their online records.
One of the words reportedly up for consideration was shrinkflation. It did not make the final cut and as a result continues to be defined by the authority as ‘a portmanteau, made from combining shrink: ‘to become or make smaller in size’, with the economic sense of inflation: ‘a general increase in prices and fall in the purchasing value of money’.
In order for a word to be accepted into the OED it must have been in use for at least five years. But the latest list suggests that this isn’t the case and exceptions can be made. The inclusion of ‘superbrat’, a word which is usually associated with the behaviour of …..
When Rockstar Games released ‘GTA V’ in 2013, the whole world was awestruck as they got a glimpse of the future of the gaming industry. From that point on the gaming industry progressed in an unprecedented fashion as GTA V became the fastest selling entertainment product by earning $1 Billion in sales in 3 days. Later in 2015-2016, the Multiplayer Online Battle Arena games (MOBA) gained an excellent reputation and held 20% of the total market share of the gaming industry. With the projected estimates of the revenue from the gaming industry touching $110 Billion in 2017, it is now the cynosure for investors.
However, the industry requires substantial funding and is not easy for amateurs to get a platform to develop their games independently. Likewise, it’s hard for small – medium scale investors to invest in the development and reap industry profits. However, a decentralized platform called ‘GetGame‘ is trying to bridge the gap between the developers and the investors. Let’s dive deep into how ‘GetGame’ is bringing the much-needed disruption in the modus operandi of the gaming industry.
What is GetGame?
GetGame is a platform where developers and investors come together for the successful launch cycle of a game. The platform offers developers a chance to receive the necessary funding for the game, incubate, develop, market and reap profits of their hard work. The platform enables investors to invest in a multitude of projects and even create partnerships and portfolios. The added advantage of the decentralized marketplace to trade game tokens gives the comforts of traditional equity markets while supporting the change in the gaming landscape.
Before being accepted by the GetGame platform, each game must be validated and agree to share 10% of their future revenue with GetGame and all its ITO tokens, REALITY (REA), holders. This way, investors can own a part of GetGame and be part of the future success of the collective while the developers can see the dreams of their becoming ‘Reality.’
Above is an example of a GetGame game in development. The game is called DinoMess and is already live in Australia and the Philippines. You can see the full DinoMess prospectus here.
Ekaterina Samedova, DinoMess GeoGame developer said this about his new game. “Game developing is always a challenge. You try to catch the best trends and merge them carefully to get the successful product. For me DinoMess is more than just a mobile game. It reveals the opportunities, that have been unknown before. It embraces real life activities, it penetrates deeply into business processes, it provides powerful edutainment possibilities. I think that DinoMess is one of the projects, that will get gaming experience to the new level.”
How is ‘Reality’ profitable?
With an end to end service platform that monitors the launch and marketing of the game, ‘GetGame’ is your one stop decentralized marketplace for starting or investing in games. The GetGame platform provides unique opportunity to step into VR market as an investor. The platform offers support for the high-end mobile game titles and builds an ecosystem for both publishers and game developers. With Virtual and Augmented Reality games poised to be the future of the gaming industry, GetGame offers you a piece of this lucrative pie. Specializing in these verticals, GetGame is all set to become the platform that would nurture the future of hardcore gaming.
GetGame ICO launch
The tokens distributed in the ICO launch of GetGame will trade under the name ‘REALITY’ using the symbol REA. On purchasing the tokens, investors reserve the right to invest in the projects on the GetGame platform in the future using the tokens. This token is backed by the OpenLedger DC and the Danish company behind it all OpenLedger ApS. The planned supply of tokens is 2,000,000 REALITY and might go up to a max quantity of 10,000,000 REALITY. While the early bird offer to avail the tokens is over, the ICO is scheduled to be sometime in December this year. With such promising features, the platform is all set to disrupt the gaming industry in all sectors unequivocally.
You need to have a verified account on OpenLedger. If you do not have an interest in any future ICO, it is possible to buy without validation as well.
In this episode of the Keiser Report from Mexico City, Max and Stacy discuss ‘green gold’, grasshoppers and inflation in Mexico. In the second half Max interviews Jose Rodriguez, VP of payments at Bitso, about bitcoin and other cryptocurrencies impact on the Mexican markets. They discuss initial coin offerings, hard forks, soft forks and crypto euphoria.
[Sorry, but whoever uploaded the video messed up because it does cut out suddenly at 18.08; here is the video in Spanish, if you can speak that.]
Goldman and Citigroup Turn Positive On Gold – Despite “Mysterious” Flash Crash
– Gold bounces higher after “mysterious” one minute “flash crash” mistake
– $2 billion, 50 tons or 1.8 million ounces “fat finger” trade blamed
– Massive selling at 0400 EST when U.S. markets closed and thin trading amid holidays in Muslim countries including Turkey, Singapore and Malaysia.
– Mystery is that “fat fingers” in gold market are always sell trades that push prices lower
– Traders or market ‘muppets’ frequently push gold market lower … not other markets
– Only small 0.9% loss on the day and bounce back shows deep liquidity and robust nature of gold market
– Similar massive selling of bitcoin or other crypto currencies would likely lead to massive price fall
The mistake that a digital currency and a cryptocurrency are the same things, is made often.
It is true that Maxcoin is both, a cryptocurrency and a digital currency.
But what exactly is a digital currency?
And what is a cryptocurrency?
What exactly is the difference between those two currencies?
Is Bitcoin really fast enough for it to be considered “instantaneous”?
Will it survive it’s faster competitors like Maxcoin? Is it a realistic platform for on-site transactions on the retail and on-trade environment?
Will it work alongside with faster coins as the “safer” and more “vintage” cousin of the family?
Or is it doomed to fall to faster and more modern competitors like Maxcoin?
Worst Crash In Our Lifetime Is Coming – Jim Rogers
Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of “The Bottom Line.”
Rogers predicts a market crash “later this year or next …. write it down.” Rogers say the crash will rival anything he has seen in his lifetime.
Jim Rogers holds a gold coin (Digital Journal)
Here is a transcript of the Business Insider video:
Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then you do that. So what is going to be with respect to the stock market? What’s going to happen?
Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise I’ll be broke — dead broke. Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s going to collapse, and you should be very worried. But, Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.
Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?
A collapse of the current global fiat currency regime is, concerningly, something that increasingly looks more and more inevitable. This will destroy a staggering amount of the (paper) wealth currently held by today’s households.
Which makes developing a fully-informed understanding of the cryptocurrency landscape now — today — an extremely important requirement for any prudent investor. Which of the current coins will emerge as the winner(s) adopted by the mainstream?
Things to come’ in the financialized economy is on the agenda for Max and Stacy in this episode, and they also ask whether or not James Howard Kunstler is right in his prediction that ‘the financialized economy is entering its moment of final catastrophic phase-change.’ Max also interviews lawyer and filmmaker John Titus, of All the Plenary’s Men, about the not-so-secret and yet little-discussed Financial Stability Board authority over sovereign powers to regulate banks. Titus highlights the case of HSBC and the threat made by George Osborne to the Obama administration’s Department of Justice.
The Irish Times has teamed up with GoldCore, Ireland’s first and leading gold broker, to offer you the chance to win a beautiful, freshly minted Gold Sovereign coin (2017) which contains nearly one quarter of an ounce of gold and is ‘investment grade’ 22 carat pure gold.
Gold Sovereigns can be bought for insured delivery or in ultra secure vaults and remain one of the safest ways for investors and savers to diversify into gold. They are tax free (no VAT) highly liquid stores of value in these uncertain times. They are capital gains tax (CGT) free in the UK. Gold Sovereigns also make great gifts and are a good way to pass on wealth to the next generation.
To be in with a chance to win this fantastic prize, answer a simple question here: