We discuss the fact that there are no fundamentals, only financial engineering which is too bad for a real world with a real environment and real people who need to eat. In the second half Max interviews author and journalist, Robert Chalmers, about the corporate lynching of Gary Webb, the journalist who uncovered the CIA’s role in the drugs trade.
Stacy Summary: In today’s Keiser Report we interviewed Robert Chalmers about the corporate lynching of Gary Webb. In case you haven’t read it, here is his interview with Webb’s widow ...
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Stacy Summary: This is an interesting interview with Jim Rogers who has finally gone long Russia. Partly because everyone in the world hates it. Partly because he thinks the Kremlin is finally doing the right thing. And mostly because they have no debt, huge foreign currency reserves and a convertible currency. Of course, we interviewed Liam Halligan last year and he said the same re: the reasons why Russia is a good place to invest. It was, however, at that time, missing the crucial ingredient of deep hate. Emotions are how investors lose money – that’s why psychopaths and sociopaths do so well.
I strongly believe that the reason so many Americans blindly support the widespread use of drones is due to the mistaken belief that they are precise and result in few civilian casualties. It’s important to get some of the facts out to the public in order to have a more informed debate on the matter…
Read the rest here.
An alleged Irish business magnate owned fuel company a while ago won a lucrative Irish government contract worth 20m euro. On the board of the company, now known as Topaz (previously traded under the Statoil and Shell brands), sits ex (allegedly drunken) prime minister Brian Cowan.
It’s worth noting that nowadays the peaceful civil disobedience grass roots water rebels have boycotted the same company, leaving forecourts of these petrol stations without their full quota of customers. This is because the same alleged magnate won a major contract for part of the installation of the hated water meters and had 300,000,000 written off on three deals which saw him acquire Topaz, Siteserv (parent company to GMC Sierra water meter installers) and The Beacon Private Hospital for 230 million euro. This person is said to be not tax resident in Ireland but has however had the (IMO dubious) honour of being on the stage close to Prime Minister Enda Kenny at the ringing the Wall Street bell.
The same businessman has an interest the lions share of privately owned media outlets in Ireland under the Independent News and Media brand and rumour has it that he may even threaten legal action against lowly internet chat rooms who take his name in vain. As a journalist one quakes in one’s boots at the prospect of mentioning his name.
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Stacy Summary: If you only had the FT and the Economist to go by, you’d have thought that this list would have been topped by Russia . . .
You probably haven’t heard of Mark Paffrath, the 28-year-old Navy veteran, and former employee of the Drury hotel chain, who was fired from his job and called a “terrorist” for taking pictures of Department of Homeland Security (DHS) vehicles and posting them to his personal Facebook page…
Read the rest here.
The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward – not by economists and Wall Street hype mongers: their outlook for the next 12 months has plummeted to the worst level since crisis year 2009.
Read… Global Business Outlook: “Darkest Picture since Financial Crisis.” US Deterioration “of Greatest Concern”