In this episode of the Keiser Report, Max and Stacy look at the latest threat to cut a nation off from the USD based financial grid. This time, in a tweet, of course, Donald Trump threatens to cut Iraq off from their oil revenue held at the NY Fed. They ask if this is the ‘howl of a dying empire.’ In the second half, Max talks to Egon von Greyerz of GoldSwitzerland.com about the decade of fantasy which has just passed and whether or not that illusion will be shattered in the decade ahead. As stock markets continue hitting all time new highs almost daily, they wonder how long markets can stay irrationally pumped up by the Fed.
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In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
Iraq, officially the Republic of Iraq, is a country in Western Asia. The capital and largest city is Baghdad. Iraq is home to diverse ethnic groups including Arabs, Kurds, Turkmen, Assyrians, Yazidis, Shabakis, Armenians, Mandaeans, Circassians, Sabians and Kawliya. Around 99% of the country’s 38 million citizens are Muslims, with small minorities of Christians, Yarsans, Yezidis and Mandeans also present. The official languages of Iraq are Arabic and Kurdish.
Iraq has a coastline measuring 58 km (36 miles) on the northern Persian Gulf and encompasses the Mesopotamian Alluvial Plain, the northwestern end of the Zagros mountain range and the eastern part of the Syrian Desert. Two major rivers, the Tigris and Euphrates, run south through Iraq and into the Shatt al-Arab near the Persian Gulf. These rivers provide Iraq with significant amounts of fertile land. The region between the Tigris and Euphrates rivers, historically known as Mesopotamia, is often referred to as the cradle of civilisation.
Iraq is a federal parliamentary republic consisting of 19 governorates, four of which make up the autonomous Kurdistan Region. Disputes over the sovereignty of Kurdistan Region continue.
Iraq is a founding member of the UN as well as of the Arab League, OIC, Non-Aligned Movement and the IMF.
Moscow, on the Moskva River in western Russia, is the nation’s cosmopolitan capital. In its historic core is the Kremlin, a complex that’s home to the president and tsarist treasures in the Armoury. Outside its walls is Red Square, Russia’s symbolic center. It’s home to Lenin’s Mausoleum, the State Historical Museum’s comprehensive collection and St. Basil’s Cathedral, known for its colorful, onion-shaped domes.
Paris, France‘s capital, is a major European city and a global center for art, fashion, gastronomy and culture. Its 19th-century cityscape is crisscrossed by wide boulevards and the River Seine. Major landmarks include the Eiffel Tower, the 12th-century, Gothic Notre-Dame cathedral and the Arc de Triomphe on the Champs-Élysées.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.