Follow us @ twitter.com twitter.com Welcome to Capital Account. Bernanke speaks and everyone seems to listen. In a speech today, he warned about the job market and said continued accommodative easy-money policies will be needed to make further progress. This has the financial press reading the tea leaves and saying more QE. Is it really because, as our guest says — TBTF really means “trust Bernanke to fund?” She’s Janet Tavakoli, author of “The New Robber Barons: How Bankers created an International Oligarchy,” and she’s here to talk about the too big to fail banks, the financial oligarchy, and how MF Global fits into this web of derivative inspired meth lab of shadow liquidity and off-balance sheet risk. And since we are on the issue of MF Global, what’s the latest on its former CEO, Jon Corzine? Did he or didn’t he knowingly transfer close to 200 million dollars in customer money from MF Global to JP Morgan on one occasion before the firm imploded? Internal emails that have come out reportedly point different ways. Regardless, has he gotten away with other types of fraud already? And do credit derivatives, like those used to bet the firm on Europe’s debt crisis, continue to pose a major risk to markets? And does regulation do anything to stop this? To top this off, a recent report by the OECD predicts that by 2020, 75% of the US population will be obese. We’ll ask if this is deflationary for the global economy and a drag on economic growth. Jim Cramer, of CNBC seems to …
Follow us @ twitter.com twitter.com A US lawmaker is reportedly planning to introduce the “Sound Dollar Act” early next month. This is legislation that would move the federal reserve from its dual mandate of maintaining price stability (which is anathema to the dollar debasement that it creates through its massive money printing operations) and keeping unemployment low (which it has failed to do…curious…) to just promoting price stability. Hmmm…what would that mean for the Fed’s unofficial mandate of trashing the dollar? And Turkey, the fastest growing economy after China, is being penalized in the credit markets for failing to promote consumer savings, according to bloomberg. What? You mean savings matter!! That’s amazing…ummm not to us it isn’t. You can’t have economic growth without savings, because you can’t have investment without capital. Capital comes form savings, and growth comes from investment, but its shocking how many people think money “grows on tress.” Can you blame them, when we have a serial money printer at the Federal Reserve, pushing us all into serfdom and neo-feudalism with a policy of perpetual bailouts and zero percent interest rates? Oligarchy here we come! Finally, with central bank policies of the fed and ECB amounting to –trash for cash — as economist David McWilliams puts it with his “Punk Economics: Lesson 2,” turning “water into wine.” These perpetual bailouts are nothing other than an institutional form of wealth transfer. They …
In this episode, Max Keiser and co-host, Stacy Herbert, discuss the latest discoveries of blackholes in the financial universe and the populations growing permanently poorer as a result. In the second half of the show, Max talks to Dr. Yanis Varoufakis about financial horror, a currency from which you can’t escape and the Greek situation. KR on FB: www.facebook.com
Watch the full Keiser Report E247 on Thursday. In this episode, Max Keiser and co-host, Stacy Herbert, discuss the latest discoveries of blackholes in the financial universe and the populations growing permanently poorer as a result. In the second half of the show, Max talks to Dr. Yanis Varoufakis about financial horror, a currency from which you can’t escape and the Greek situation. KR on FB: www.facebook.com
15/09/2011 Max Keiser & Stacy Herbert discuss a tweet describing them as the Eldridge and Kathleen Cleaver of the financial war. With that in mind, they look at the modern equivalents to the carpet bombing, Agent Orange and Saigon prostitutes of the Vietnam war and observe that Christine Lagarde has ‘loved Arab Spring nations a long time.’ In the 2nd half of the show Max talks to Zeus Yiamouyiannis of OfTwoMinds.com about the debt jubilee and Crash JP Morgan, Buy Silver.
With political instability spreading across the globe and fears of more Fukushima-style nuclear disasters, the number of doomsday believers is on the rise. But now it’s also the struggling global economy that’s increasingly making people stock up on basic neccessities. RT’s Anastasia Churkina met some Americans, who are ready for the worst. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over prescribed anti-psychotic medication for financial marketss. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/keiserreport
Watch the full Keiser Report E167 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over-prescribed anti-psychotic medication for financial markets. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/KeiserReport
