NOPEC, at long last? (E1348)
In this episode of the Keiser Report, Max and Stacy discuss the latest attempts at NOPEC as the House Judiciary Committee passes a bill that would allow the US Justice Department to sue members of OPEC for manipulating the oil market. This sort of legislation has been tried many times in the past, but could hatred for Trump finally drive the nail in the cartel coffin? In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the Fed admitting that quantitative easing is a permanent policy tool and not just for “emergencies.” With this permanent QE context in mind, they discuss the meaning of central banks buying the most gold in half a century and what sort of monetary situation may be in store for the near future? They also look at Italy’s debt and the new government’s plans to ‘seize’ the Central Bank of Italy’s gold horde.
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