Posts Tagged ‘Max Keiser’

Geithner’s Crimes Through AIG – Will The Truth Come Out

Courtesy of The Daily Bail 

Geithner’s Crimes Through AIG – Will The Truth Come Out

Video – Max Keiser & Stacy Herbert

At issue is Tim Geithner’s criminal behavior in orchestrating the AIG bailout to favor Goldman Sachs through counterparty payouts at par, and then the massive cover-up.

Further reading…


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Media: Me on the Keiser Report

Courtesy of Joshua M Brown, The Reformed Broker 

I did the Keiser Report this week with Max Keiser.  As always, it was….interesting.

Max is smart, entertaining and one of the leading scourges of Wall Street, I just love doing his show.  We talk military budgets, sleeping at night after a day on The Street and agricultural subsidy welfare among other topics.  My part comes in at the 12:20 mark.


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MAX KEISER: ‘BANKERS SHOULD BE TRIED IN FRONT OF A HUMAN RIGHTS COURT AND ALL HUNG’

MAX KEISER: ‘BANKERS SHOULD BE TRIED IN FRONT OF A HUMAN RIGHTS COURT AND ALL HUNG’

Courtesy of Richard Metzger at Dangerous Minds

imageI’m always amused by bomb-throwing economic pundit and talkshow host Max Keiser. His fast-talking, fast-thinking tell it like it is persona is always entertaining, even when I’m not 100% in agreement with what he is saying. (I also like watching his various programs (made for Russia Today, Press TV and BBC) because he produces them using the same suitcase sized production suite that I use for the DM talkshow, the NewTek Tricaster.)

When someone who puts themselves and their opinions out there as forthright as Max Keiser does his, it tends to be a love it or hate it affair. I love the guy, how refreshing is it that someone is saying something like this? Now mind you, he’s saying it on Iran’s PressTV network, but still… he’s right:

Press TV: Is the dollar in a freefall or exactly what is going on?

Kesier: Well what’s going on is you have the banks in the United States committing a financial holocaust. It is probably the worst holocaust in the last 100 years. What there doing is they’re destroying real estate values, jobs, wages and pensions. And they do this by flooding the market with more debt in the form of US dollars. As your package accurately said, the US has no reserves upon which to issue dollars; therefore, by definition every dollar that is issued is debt. This debt holocaust is wiping out the middle class on purpose. Because the rich people in America want to buy those houses. Those millions of houses out there that people are still living in. They want to buy them back for maybe one penny on the dollar. This is a financial holocaust by design. The American bankers are holocaust brokers. They should be in front of a human rights court and taken up on human rights abuses and all hung.

Press TV: Now Max, you’re saying that it’s by design for the benefit of the rich to destroy the middle class. Wouldn’t that in effect destroy the economy as a whole?

Kesier: No, because if you’re a Goldman Sachs banker, you are completely protected from this phenomenon. Plus you’re buying gold, you’re buying silver and you’re buying tangible assets. So you are not taking any risks. It’s okay to simply wipe…
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Should Taxpayers Continue to Subsidize Goldman Sachs’s Alleged Obscenity?

Should Taxpayers Continue to Subsidize Goldman Sachs’s Alleged Obscenity?

Courtesy of Janet Tavakoli, originally published in Huffington Post 

The U.S.’s Financial Reform bill is over 2,000 pages. It includes exemptions and lots of opportunities to create loopholes. Behavior that caused our ongoing global financial crisis is guaranteed to continue, if we don’t have swift and effective deterrents.

Broadcaster Max Keiser interviewed Luc Saucier, a Parisian lawyer to the financial community and Fulbright Scholar, on how to create a fast remedy to amoral behavior in the global financial markets.

Saucier asserts that if you are making money on Wall Street--or at a hedge fund--there is no law, except the unwritten law: Don’t get caught.

Financial institutions used extensive legal resources to "technically" comply with the law. (In many cases, laws were broken, but this interview is not addressing those cases of illegal conduct.)

Saucier explains that labeling a financial institution "obscene" is an effective social deterrent. U.S. citizens have the right to own property and to make money. We also enjoy freedom of speech, up to a point. The Supreme Court stated that when "art" becomes obscene--and the court worked hard to define what is meant by "obscene"--it is no longer considered art and does not enjoy the protection of freedom of speech.

The most highly compensated players in finance are hedge fund managers earning $1 billion to $4 billion per year. Saucier says that when you see someone making money--billions of dollars a year in bonuses by exploiting the subprime crisis--then one can take the view that part of the remuneration is obscene. The same can be said for many bank CEOs, who may earn somewhat less economic compensation, but enjoy countless valuable perks.

Banks enjoy taxpayer-funded benefits including tens of billions of bailouts and ongoing funding subsidies. For example, Goldman Sachs and Morgan Stanley receive taxpayer subsidized funding by virtue of their new post-crisis ability to borrow from the Fed. Taxpayers may decide that just as we don’t wish to fund obscenity posing as "art," we don’t wish to subsidize "finance" that is simply obscenity.

Mr. Saucier puts it this way:

"They are committing acts of obscenity…They are morally bankrupting society…It’s obscene like kiddie porn is obscene…On the financial front that’s what [corrupt financiers are] guilty of."

Financial firms pay a lot to circumvent laws, and they are more aggressive and faster than our ability to legislate.

Max Keiser notes…
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Austerity for Prosperity

Austerity for Prosperity

Courtesy of Michael Hudson

Part 2

Part 3 


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Media: Appearance on The Keiser Report

Media: Appearance on The Keiser Report

Courtesy of Joshua M. Brown, The Reformed Broker 

The other day I was over at the Associated Press building taping an episode of the Keiser Report with Max Keiser and Stacy Herbert.  We talked financial reform, the Econ Gangs of New York and the failure of the stimulus plan.

Now keep in mind, the camera adds 10 pounds, and I had at least 3 cameras on me.  Anyway, my segment comes in at the 13 minute mark, enjoy:


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Edward Harrison On the Edge With Max Keiser Again

Edward Harrison On the Edge With Max Keiser Again

Courtesy of Edward Harrison at Credit Writedowns 

Max and Stacy talk about Twitter hashtag manipulation, elections in Reykjavik and the BP oil spill for some good fun.  Later in the episode I come on and ruin it with a little doom and gloom.  Take a look.

OK, the BP stuff isn’t fun; it’s scary. I love the spin Max puts on Goldman bonuses and American military incursions. I don’t buy it, but it’s good rhetoric. By the way, I like the Max Keiser doll that Max has on his desk.  Where’s the Stacy Herbert doll – and where’s my action figure doll?


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Max Keiser And Gerald Celente Deconstruct Financial Fraud

Max Keiser And Gerald Celente Deconstruct Financial Fraud 

Courtesy of Tyler Durden

Max Keiser at his best, deconstructing the global ponzi with Gerald Celente, another very much outspoken critic of the broken financial system. Most ZH regulars will be quite familiar with the overriding themes exposing the mass corruption perpetrated by the kleptocratic oligarchy, yet Max as always delivers the message with his patented iconoclastic panache that just draws you in.

 

h/t Ian


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House Committee on Homeland Security Seeks Cooperation from Max Keiser on Financial Terrorism

House Committee on Homeland Security Seeks Cooperation from Max Keiser on Financial Terrorism

Courtesy of Mish

Here is an email from a member of the House Committee on Homeland Security to Max Keiser regarding Financial Terrorism. Both the email and Max Keiser’s response had me laughing my head off.

Hi Mr. Keiser,

My name is Chris Beck and I work on the staff of the House Committee on Homeland Security in Washington, DC. I have been reading and listening to you regarding the May 6 stock market plunge and the likelihood that this was an act of financial terrorism. I think this is a huge issue that has not been given enough attention, and may warrant oversight by our committee. I would greatly appreciate the chance to talk to you to make sure I understand the nuts and bolts, and to figure out what avenues may be available to correct what appears to be a massive fraud that could undermine U.S. National Security. Can you please contact me and let me know if you are available to talk?
Thank you,
Chris

Chris Beck, Ph.D.
Senior Advisor for Science and Technology
House Committee on Homeland Security

I asked Max Keiser how he responded.

Max Replied "I told him to investigate this financial terrorist crime happening right now! in real time!"

Max went on to say …

I think it’s really incredible how clueless these people are.

Given the recent track record of corrupt regulators in D.C. it’s not hard to imagine that Chris Beck is wittingly or unwittingly just bird dogging intelligence that will be fed to Goldman and used to package ever more exotic Financial Terrorist weapons.

My position is the government IS Goldman and any info gleaned by this type of thing will end up helping no one BUT Goldman.

Here is the video that Chris Beck was responding to. Play the first few minutes of it. It will have you rolling on the floor.

I am also told that homeland security was interested in talking with David DeGraw about his post on Market Oracle Financial Terrorism Operations: 9/29/08 & 5/6/10.

This reads like a spoof straight out of The Onion, but I have phone numbers and email address and a chain of emails to verify.

It is difficult to believe that anyone on a house committee…
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Max Keiser On Goldman Sachs And Bill Clinton’s Hypocrisy; Peter Schiff Interview

Courtesy of Tyler Durden

Max Keiser is in his prime discussing Goldman and Bill Clinton’s hypocrisy in defending Goldman. Which is not all that surprising considering Clinton’s son-in-law Marc Mezvinsky is a Goldman Investment banker. A brief bio on Marc:

As a biography, Marc Mezvinsky date of birth is unknown, but he has been reported to be 31 years of age. He is the son of the former Iowa congressman Ed Mezvinsky (who recently has been released from a halfway house after doing time for investment fraud) and Marjorie Margolies Mezvinsky, a former NBC reporter.

Marc and Chelsea originally met in 1996, when they were introduced by colleagues of their political parents. They even attended Stanford University together and studied finance. It has been reported that the two started dating in October of 2007.

Currently Marc Mezvinsky is an investment banker for Goldman Sachs and makes his home in Manhattan, New York, where he bought a $3.8 million condo last year.

Anyway, in addition to the usual scathing observations on the life, universe and everything, Max goes head to head with Senate hopeful Peter Schiff. Good clean fun ensues, with Alan Greenspan’s invitation to the Keiser show pending.


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Zero Hedge

US Regulators Warn Stablecoin Adoption Could Disrupt Economy, Financial Stability

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies

...



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Kimble Charting Solutions

Health Care & Merck Working A Bullish Breakouts!

Courtesy of Chris Kimble

Health Care (XLV) ETF has lagged the S&P for the past few years. Is the lagging trend about to end? It sure could and we should find out very soon!

This chart looks at the Health Care/S&P Ratio (XLV/SPY), which reflects that it has created a series of lower highs and lower lows inside of falling channel (1). Over the past 6-months the ratio has created a series of higher lows, reflecting out performance of XLV to the broad markets.

The ratio is testing a support/resistance line at (2). If the ratio breaks out at (2), it would suggest that health care stocks wi...



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Insider Scoop

CMA CGM Bolsters Its LNG Fuel Supply With Total Deal

Courtesy of Benzinga

CMA CGM said it signed a deal with France's largest energy firm to supply liquefied natural gas (LNG) to power container ships.

The fourth-largest global carrier by capacity, CMA CGM said the deal with Total's marine fuels division will cover LNG supply at the Marseille-Fos fueling hub in the Mediterranean. Terms were not disclosed.

Total will supply approximately 270,000 metric tons of LNG per year over the next 10 years. CMA CGM said it will be the volume needed for its 15,000 twenty-foot equivalen...



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Phil's Favorites

NATO meeting: solidarity reinforced despite uncomfortable time for alliance to be in the spotlight

 

NATO meeting: solidarity reinforced despite uncomfortable time for alliance to be in the spotlight

Courtesy of Megan Dee, University of Stirling

Anniversaries are meant to be a celebration. They represent a moment of reflection – a marker, a milestone, a time to look back. And therein lies their biggest problem. For anniversaries have that unfortunate effect of turning any subject – be it a past event, a married couple, or indeed an international institution – into an object of intense scrutiny. For the North Atlantic Treaty Organization (NATO) celebrating its 70th anniversary in London on December 3-4, that scrutiny has come at an unfortunate time.

Founded in 1949 with the signing of the Washington Treaty, NATO at 70 represents one the longest-standi...



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Digital Currencies

Chinese Crypto Exchange IDAX Locks Cold Wallet As CEO "Goes Missing"

Courtesy of ZeroHedge

By William Suberg via CoinTelegraph.com

Chinese cryptocurrency exchange IDAX has suspended deposits and withdrawals after its CEO allegedly disappeared.

In a blog post on Nov. 29, IDAX, which earlier this week warned it was seeing a run on withdrawals, said the whereabouts of Lei Guorong were currently unkno...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Tuesday, 09 July 2019, 01:48:48 AM


 

Click for popup. Clear your browser cache if image is not showing.





Comment:
FED has no ammo in the next crisis!


Date Found: Friday, 12 July 2019, 02:38:12 AM
 

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Comment:
YIP Corporate debt blows up when econ...



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Members' Corner

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

 

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

By Matt Wilstein

Excerpt:

Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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Lee's Free Thinking

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

 

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

Courtesy of , Wall Street Examiner

Here’s today’s press release (11/14/19) from the NY Fed verbatim. They’ve announced that they will be making special holiday welfare payments to the Primary Dealers this Christmas season. I have highlighted the relevant text.

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo)...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

Reminder: We are available to chat with Members, comments are found below each post.

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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