In this episode of the Keiser Report, Max and Stacy discuss JP Morgan’s recent report for their private wealth clients asking, “Is the dollar’s ‘exorbitant privilege’ coming to an end?” The bank makes the case that the rise of China will dent this privilege. They present data that demonstrates China was, for thousands of years, a major share of world trade until its encounter with the then narco-state of Great Britain in the mid 1800s when the UK and the East India Company used military force to impose opium unto the population. China’s military defeat sank the country into rapid economic decline from which they are only emerging. JPM recommends reducing client exposure to the dollar and increasing exposure to gold and Chinese renminbi.
In the second half, Max talks to China expert, Dan Collins, who discusses what to expect from the US trade delegation visit to Beijing. They also look at the rise of China as a rival power to the US with the new military bases and the rumors of a new port city being built in the Pakistani state of Balochistan, across the Gulf from Saudi Arabia.
RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc
Check out http://rt.com
Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday
Like us on Facebook http://www.facebook.com/RTnews
Follow us on VK https://vk.com/rt_international
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Google+ http://plus.google.com/+RT
Follow us on Soundcloud https://soundcloud.com/rttv
#RT (Russia Today) is a global #news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Mourners attend a funeral in Quetta, the provincial capital and of Balochistan in western Pakistan, for Niaz Muhammad and his son, two of four people killed the previous day when gunmen armed with hand grenades and a suicide vest stormed the Chinese consulate in the Pakistani city of Karachi, officials said, with the attack claimed by a separatist group which branded Beijing “an oppressor”.
Scientists warn that swathes of South Asia may be uninhabitable due to rising temperatures by 2100 — and in the desert community of Sibi in Pakistan’s southwest Balochistan province, where the mercury hit 52.4 degrees Celsius (126 Fahrenheit) this summer, it feels like they could be right.
A powerful blast targeting a military vehicle kills at least 15 people and wounded 32 others in Pakistan’s southwestern province of Balochistan, which borders Iran and Afghanistan, officials said.
The VICE News Capsule is a daily roundup that looks beyond the headlines. Today: separatists in Pakistan bomb a train station killing 14 people, US officials accuse Russia of fueling unrest in eastern Ukraine, deadly clashes in a Palestinian refugee camp in southern Lebanon and Edward Snowden testifies before the Council of Europe via webcam.
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Baluch Separatists Bomb Train Station Killing 14
An explosion has ripped through a passenger train in Pakistan’s Balochistan province, killing 14.
US Accuses Russia of Fueling Unrest in Eastern Ukraine
US Secretary of State John Kerry has accused Russia of orchestrating the recent unrest in Eastern Ukraine.
Deadly Clashes in Palestinian Refugee Camp
Eight people were killed in violent clashes between rival Palestinian factions at a refugee camp in the south of Lebanon.
Snowden Testifies at Council of Europe via Webcam
Whistleblower Edward Snowden told Europe’s top human rights body that America’s surveillance program has been illegally spying on NGOs like Amnesty International and Human Rights Watch.
Check out the VICE News beta for more: http://vicenews.com
Follow VICE News here: