Keiser Report: SME for Small & Medium Economies (E528)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss WTF in the UK as RBS slaughters SMEs and then robs their still warm corpses; while over in the PRC, the PBOC has thrown a whole bunch of STFU at US Treasuries. They discuss the implications of both oil being priced in yuan on the Shanghai futures exchange and Iran being prohibited from trading oil for gold under the P5+1 deal. In the second half, Max interviews Alasdair Macleod of GoldMoney.com about 400 ounce London .995 gold bars being sent to Switzerland from Arab holders and melted down to 1 kilo .9999 bars, thus moving gold from the London standard, to the new better Chinese standard – suggesting we may be entering a post-petrodollar world. In which case, petrodollars could be flowing back into NY in pure dollar form to cause high inflation. And, finally, Max and Alasdair suggest that unless you rig gold markets, your forex and libor rigging won’t work.

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