I was interviewed on the Jay Taylor Show. Jay and I discussed interest rates and the prognosis for more malaise. Then Jay was keenly interested in our gold fixed income product, and how we pay interest on gold. Here is the audio from the show: https://jaytaylormedia.com/media/KeithWeiner20190521.mp3
This week, the Supply and Demand Report featured a graph of debt vs profitability in the Russell 2000. Here’s the graph again: This graph shows a theme that we, and practically no one else(!) have been discussing for years. It is the diminishing marginal utility of debt. In this case, more and more debt is […]
We think we are the only generation to be smart. In the 19th century, they did not have the internal combustion engine. In the 18th century, they did not have the railroad. In the 17th century, they did not have the piano. So, most people assume, they were dumb. They did not know about smart […]
Keith was interviewed by “10×10,” a Swiss based fintech information platform and online magazine that profiles “The Next Generation of Finance” for the investment industry. Titled “The Swiss Franc is Walking on a Tightrope,” the interview kicks off with detailed discussion about Keith’s controversial research on the Collapse of the Swiss Franc. From there the interview […]
Keith was recently invited as a guest on Zach Abraham’s “Know Your Risk” radio show alongside Brent Johnson, CEO of Santiago Capital. Their discussion covers a wide range of topics including; the US Dollar, China, gold, zombie corporations, the “de-dollarization” hype, global debt and more. In the interview Keith gives his thoughts on the recent price action […]
I was on the Jay Taylor Show again, to talk about the the Swiss franc. No, the headline was not of my choosing. Adam Caroll gave a Ted Talk about how people behave differently when money isn’t real. And gets into a discussion of how kids will click to spend on their parents’ phones without […]
This is a textbook case. Well, it would be if there was a textbook that presented the dynamics of the rising and falling interest rate cycles. Costco is spending over a quarter billion dollars, to make a capital investment in chicken processing. This is not the typical entrepreneurial investment, which seeks to increase margins by serving […]
Trouble in Swiss Employment This story from Switzerland will be ignored, lest it generate cognitive dissonance. The mainstream looks at a few carefully curated statistics. I encourage you to do a Google search on “marginal productivity of debt”. My articles are all over the first page of results. This is not because I am such […]
Berkshire Hathaway CEO Warren Buffet famously dismissed gold. “Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written about how a government with gold mining tax revenues can use gold. The benefits of issuing gold bonds include reducing risk, and getting out of debt at a discount. Pretty useful, […]
There’s a story about JP Morgan and Andrew Carnegie, from the Panic of 1873. Carnegie was a client of the Morgans, with $50,000 on deposit plus some stocks. After selling his $10,000 interest in a railroad, Carnegie supposedly came by the office to pick up a check for $60,000. To his surprise, JP Morgan handed […]
