Germany: A Presidential ‘Gaffe’ & The Taxpayer ‘Rescuing Banks & Rich Greeks’
June 1st, 2010 by
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Stacy Summary: German president forced to quit after accidentally telling the truth that war is about deranged economic ideology and then another headline about deranged economic ideologies.
- German president Horst Köhler quits over Afghanistan gaffe
- Former head of Bundesbank says bailout plan all about ‘rescuing banks and rich Greeks’
Tags: afghanistan · bailout plan · bundesbank ·germany61 Comments
Hundreds Die in Indian Heatwave & in Tropical Storm in Latin America
June 1st, 2010 by
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Stacy Summary: Nothing to see here, just keep moving on.
The death toll is expected to rise with experts forecasting temperatures approaching 50C (122F) in coming weeks. More than 100 people are reported to have died in the state of Gujarat where the mercury topped at 48.5C last week. At least 90 died in Maharashtra, 35 in Rajasthan and 34 in Bihar.
Tags: heatwave · india · record summer temperatures48 Comments
Janet Tavakoli & David Fry on Financial Reform & Goldman Lawsuit
June 1st, 2010 by
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Stacy Summary: Good morning. In case you are unable to view the embedded video below, here is a link to the vimeo page.
Janet Tavakoli & Dave Fry on Financial Reform & Goldman Sachs Lawsuit from David Fry on Vimeo.
Tags: david fry · goldman sachs · janet tavakoli12 Comments
Wall Street’s War, France’s Worries and Second Waves
May 31st, 2010 by
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Stacy Summary: Some headlines from the financial world for tonight . . .
- Wall Street’s War by Taibbi
- France worries about AAA rating
- ECB warns banks face second wave of loan losses
Tags: aaa rating · financial reform · france59 Comments
“We Are The Best” Video From Best Party in Reyjkavik
May 31st, 2010 by
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Stacy Summary: Video from the Best Party that won local elections in Reyjkavik yesterday
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Tags: best party · jon gnarr54 Comments
Flotilla Jibber Jabber [UPDATED]
May 31st, 2010 by
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Stacy Summary: I’ve been asked by a user of the site to remain silent on Israeli crimes for fear of dragging out the usual cast of ignorant, neanderthal nazis (half of whom I know are paid to be so). I believe it is exactly this silence for fear of the neanderthals (faux and real), however, that has resulted in this shocking impunity. So, please note, that ignorant f*%ks and provocateurs will be banned forever from commenting on this site. If you want freedom to speak your ignorance freely, then go create your own site where you can drag your knuckles freely. For others, this is a jibber jabber thread and a place to post links to news items as and when new information emerges about what has happened with this flotilla in international waters off Gaza.**UPDATE** – Did Twitter censor the #flotilla hashtag following the Israel attack? **UPDATE** – Nato ally, Turkey, threatens action ** UPDATE ** Turkey tries to invoke mutual defense doctrine, according to Faisal IslamMutual defense doctrine here, Articles 5 & 6.1
Tags: flotilla · gaza · israel · Jibber Jabber551 Comments
[OTE56] On the Edge with Rick Ackerman
May 30th, 2010 by
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Stacy Summary: Max interviews Rick Ackerman about market making, high frequency trading, flash crashes, deflation and hyperinflation
.
Tags: flash crash · hft · market making · max keiser ·may 6 · On the Edge · rick ackerman171 Comments
[1131] The Truth About Markets London – 29 May 2010
May 29th, 2010 by
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Stacy Summary: The Truth About Markets London!!!
For more download & listening options, visit Archive dot org
Tags: london · resonance · truth about markets141 Comments
“It’s Not About Killing People” – World’s Biggest Insulin Maker Pulls Out of Greece Following Nation’s Austerity Measures
May 29th, 2010 by
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Stacy Summary: Just as the BP Gulf of Mexico oil spill is a typical day in the Niger Delta where the likes of Chevron and Shell spill with impunity, this story of Novo Nordisk pulling insulin from Greece is a story similar to what has happened to other, mostly developing, nations that have had austerity forced upon them. I guess this is part of the convergence that globalization demands . . . ?
Tags: bp · diabetes · greece · insulin · novo nordisk39 Comments
Guest Post: Central Banking vs. the Republic and the World
May 29th, 2010 by
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(please take the Bernanke survey below)
A couple days ago in Japan, Ben Bernanke said that the benefits of low interest rate policies that politicians want “are not sustainable and soon evaporate, leaving behind inflationary pressures that worsen the economy’s long-term prospects……thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation.”
[pause inserted so you have time to pick your jaw up off the floor] [Read more →]
Tags: bernanke · boom-bust · central bank · japan ·neo-classical economics · zirp181 Comments
Existential Crisis at SocGen on Rumors of More Massive Derivatives Losses
June 4th, 2010 by
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Stacy Summary: ** UPDATE ** – The ECB has only 66 billion euros in reserve and . . . Rumors of more derivatives losses at Societe Generale drag shares down up to 6%. The continuing and controlled demolition of every last penny of savings, whether in your pension account or your savings account, continues. These ‘losses’ will not stop until, as was discussed in the latest Keiser Report interview with Edward Harrison, the people say they have had enough of paying 100 cents on the dollar on these fraudulent derivatives.
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| From MaxKeiser.com Images |
Gulf Coast Conservatives Seek Government Solution
June 4th, 2010 by
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Stacy Summary: Too bad the US government is the same Big Business that caused the disaster and that, even with their high tech equipment (golf balls, tires and saws) is unable to fix the problem they created.
In coastal Mississippi, Republican state Rep. Steven Palazzo has been critical of the federal government, including what he sees as an intrusive role in a health care overhaul that he – like many conservatives – calls “Obamacare.”
As he runs for Congress in a district that relies on shipbuilding, tourism and the seafood industry, Palazzo says Washington should do all it can to protect the Gulf of Mexico. He said his stance does not contradict his advocacy of limited government.
“This is not only an economic nightmare but it’s an ecological one as well,” Palazzo said. “We cannot spare any resource.”
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| From MaxKeiser.com Images |
Tags: bp · gulf coast143 Comments
[KR48] Flotilla Hashtag, Free Towels & Mini Max!
June 3rd, 2010 by
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Stacy Summary: We look at the scandals of “hashtag” propaganda; the revolution of free towels from the Best Party; and trillion dollar wars and security tabs beyond rational explanation. In the second half of the show, Max interviews Edward Harrison of CreditWritedowns.comabout China-US as the most worrisome global hotspot, social outrage and rising up in Europe and around the world, and whether or not there is a gold bubble.
Tags: 48 · best party · china bubble · edward harrison ·keiser report · max keiser · propaganda · social outrage ·stacy herbert118 Comments
Seeking Collateral, Escaping Recourse
June 3rd, 2010 by
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Stacy Summary: Well, you have savers vs speculators and you have speculators vs speculators. This is a bit of both. Looks like investors/lenders are trying to secure the collateral that allegedly backs the $600 trillion in debts they ‘own,’ while debtors are trying to escape the debts they ‘owe.’
- Covered bond sales surge as investors seek debt backed by collateral
- U.S. Personal Bankruptcies Up 9%, Seeking to Escape Recourse Debts?
Silver Down 20 Cents, Now if You Could Only Find Somewhere to Buy It . . . [UPDATED]
June 2nd, 2010 by
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Stacy Summary: Via Zerohedge, silver down as the US mint runs out of silver. Alas, and lol, I guess you can only buy paper silver at these knock down prices . . . .**UPDATE** – From DailyReckoning – US Mint Sold 190,000 one ounce gold American Eagles for May, most in any month since January 1999
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| From MaxKeiser.com Images |
Tags: eagles · silver210 Comments
Max Keiser on Dutch Radio – 25 May 2010
June 2nd, 2010 by
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Stacy Summary: Took awhile to find this online, but here is a recent interview Max gave with Micha Kat for Dutch radio. It’s all a bunch of Dutch until about 20 minutes in when they begin speaking English with Max. And here is an articlethe host wrote following the appearance (in Dutch).
Tags: dutch radio · max keiser · micha kat59 Comments
Jail Time for Tony? And, Who Stole My Virtual Sofa!?
June 2nd, 2010 by
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Stacy Summary: Alas, not the JP Morgan “consultant,” Tony Blair . . . but Tony Hayward, he of BP infamy.
- Criminal probe opened into BP, could Tony Hayward face jail? (SH – my answer: um, no, that’s not the way oligarchy works, but it will make for an awesome show trial that ends in ‘not guilty’ verdict)
- Finnish police probe theft of virtual furniture
Tags: bp · finnish police · tony blair · tony hayward ·virtual furniture92 Comments
[KR47] Keiser Report on Toxic Twins – Oil Spill & Cash Crisis
June 1st, 2010 by
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Stacy Summary: This episode, we compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate’s TheBigMoney.com about movie futures, financial innovation and financial reform.
Tags: bp · derivatives · financial innovation · financial reform · heidi moore · keiser report · max keiser · movie futures · stacy herbert98 Comments
BP Shares Plunging, U.S. Futures Tanking [UPDATED]
June 1st, 2010 by
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Stacy Summary: Another bellyflop (Tues)day.
5 day EUR/USD chart:
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| From MaxKeiser.com Images |
A few hours later . . .
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| From MaxKeiser.com Images |
Tags: bp · euro35 Comments
[1132] Truth About Markets – Christchurch, NZ – 01 June 2010
June 1st, 2010 by
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Stacy Summary: 98.5 FM, Christchurch, New Zealand. Chat time.
For more download & listening options, visit Archive dot org
Tags: max keiser · rdu · stacy herbert · truth about markets20 Comments
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