[Youtube] On the Edge with Max Keiser & the Wall Street Welfare Queens

Stacy Summary: And for those that prefer Youtube. Here is today’s On the Edge, episode 24.

145 comments on “[Youtube] On the Edge with Max Keiser & the Wall Street Welfare Queens
  1. frances snoot says:

    @Illya:
    Great link: the snake eating people.

  2. marietta says:

    I’m going to have to take issue with another point by Ilya.

    I confess that I have worked for big Pharma (1993 to 1997) and it is a little disingenuous to claim that it only costs a company $0.10 to make a pill. While the net profit of drug companies is higher than most (average is about 6% for all companies while drug companies make 9-11%), there is more risk to capital so larger return is needed to attract investment. And the hidden costs for drugs is huge!
    1 BS microbiologist wages and all other compensation, insurance, etc (this is me)
    $70,000
    supplies and equipment consumed by above reseacher (1yr)
    $200,000
    number of scientists working on cure for alzheimers
    100 (half of which are PhD scientist that earn about 120,000/year)
    project ran about 10yrs
    2 drugs went to trials
    (dont know how much this costs but 30 or so BS level scientist were flying each week to destination all over US where trials were being held, plus scientists who were compiling and submitting data to FDA, this took at least a year for each drug)
    RESULTS
    both drugs were found to be ineffective in stage 3 trials.
    A 3rd drug was brought to phase one trial but was stopped because management didn’t think it would be much better than available treaments.

    This is the typical outcome for 9/10 drugs that go to trials.
    All this cost has to be paid for by the drugs that actually reach the market.
    The drug must be patented as soon as it is synthesized and screened for potential usefullness because a competitor could scoop you if you don’t. So the clock starts running on your patent but there are at least 10years before FDA approval so you loose out on about half the patent.

    And these are numbers from 10years ago.

  3. Political Ponerology by Andrew Lobaczewski. The Book available online for FREE!
    http://www.askbutwhy.com/2009/10/political-ponerology-book-available.html

  4. @frances

    Here are some excerpts from your BIS link regarding the Russian central bank,

    Most central banks’ statutes contain the strong implication that financial outcomes are to be ranked lower than policy outcomes, though only in Russia does one find an express statement that profitability is not an objective of the central bank

    Indeed, when price stability is not specifically stated as an objective in the law, there is generally no legally dominant objective, and instead a broad definition of currency value is used.However, among the jurisdictions that do not follow this broad pattern are China, Hong Kong SAR, Indonesia, Russia and South Africa: they all operate under a legally dominant objective even if they have no price-related one.

    And your other citation is merely a link to the CBR website.

    Like I said, China and Russia are not members of the BIS cabal nor do they want to be because the price for membership is subjugation and neither party have much interest in that.

  5. frances snoot says:

    Oh, Illya. You can continue to play risk with your game pieces. I don’t really care: the rhetoric is ridiculous, but if it suits you, it suits me.

    But the Russian Central Bank is a member bank of the BIS hub. The annex is a list of the member banks.

  6. frances snoot says:

    Illya:
    Who is in the cabal according to Illya?

  7. @marietta

    I understand well how the drug industry works. The initial investment is recouped rapidly upon a successful product launch, such as Zoloft for example. Also much of the research is carried out essentially for free by universities. Then you have the cross-pollination of the same drug companies contracting out work to other companies they own in an endless incestuous cycle of money laundering and tax evasion.

    In the US alone last year they made $200 billion net profit, factor in the ancillary companies they own and you could probably double that number. And it’s only going to get worse once Hopey McChange get’s through with you :)

  8. Who is in the cabal according to Illya?

    I believe I listed them by name on the preceding page.

  9. frances snoot says:

    Like I said, China and Russia are not members of the BIS cabal nor do they want to be because the price for membership is subjugation and neither party have much interest in that.

    I don’t agree with this. The prize of membership is exploitation as evidenced by the recent lucrative group activities under the auspices of peace and humanitarian aide. Didn’t China receive oil contract bids after helping finance the Iraqi endeavour?

  10. mike says:

    http://www.youtube.com/watch?v=VSwWy4E6I04

    This interview with Max Keiser was the best Goldman Sachs Bashing I ever seen HE KNOWS KNOWS THEY ARE CROOKS, SCUMS, DIRT BAGS ,FILTH OF THE EARTH, LOW LIFE’S, BA$TARDS and the list just goes on and on and on.

  11. Dante says:

    GATA is right about gold manipulation, Hathaway tells King World News

    Eric King of King World News today did an excellent interview with Tocqueville Gold Fund manager John Hathaway, who remarked that GATA is right about government manipulation of the gold market and that circumstances are developing for an “astonishing” rise in the gold price, the gold market being so small and real metal being so scarce relative to money creation. Gold, Hathaway said, is “climbing a wall of worry,” with little enthusiasm for the metal.

    You can listen to the interview with Hathaway at the King World News Internet site here:

    http://tinyurl.com/yfmyehz

    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2009/10/23_John_Hathaway.html

  12. mike says:

    I think America should realize Goldman Sachs raped America NOW IT’S TIME TO CASTRATE GOLDMAN SACHS!!!!!!!

  13. jj says:

    There’s nothing wrong with Capitalism
    There’s nothing wrong with free enterprise
    Don’t try to make me feel guilty
    I’m so tired of hearing you cry
    There’s nothing wrong with making some profit
    If you ask me I’ll say it’s just fine
    There’s nothing wrong with wanting to live nice
    I’m so tired of hearing you whine
    About the revolution
    Bringin’ down the rich
    When was the last time you dug a ditch, baby!
    If it ain’t one thing
    Then it’s the other
    Any cause that crosses your path
    Your heart bleeds for anyone’s brother
    I’ve got to tell you you’re a pain in the ass
    You criticize with plenty of vigor
    You rationalize everything that you do
    With catchy phrases and heavy quotations
    And everybody is crazy but you
    You’re just a middle class, socialist brat
    From a suburban family and you never really had to work
    And you tell me that we’ve got to get back
    To the struggling masses (whoever they are)
    You talk, talk, talk about suffering and pain
    Your mouth is bigger than your entire brain
    What the hell do you know about suffering and pain . . .
    (Repeat first verse)
    (Repeat chorus)
    There’s nothing wrong with Capitalism
    There’s nothing wrong with Capitalism
    There’s nothing wrong with Capitalism
    There’s nothing wrong with Capitalism

  14. The incestuous marriage of Hollyweird and the Whore House

    The interlocking of Hollywood and national security apparatuses remains as tight as ever: ex-CIA agent Bob Baer told us, “There’s a symbiosis between the CIA and Hollywood” and revealed that former CIA director George Tenet is currently, “out in Hollywood, talking to studios.” Baer’s claims are given weight by the Sun Valley meetings, annual get-togethers in Idaho’s Sun Valley in which several hundred of the biggest names in American media –including every major Hollywood studio executive– convene to discuss collective media strategy for the coming year. Against the idyllic backdrop of expansive golf courses, pine forests and clear fishing lakes, deals are struck, contracts are signed, and the face of the American media is quietly altered. The press has yet to be granted permission to report on these corporate media gatherings and so the exact nature of what is discussed at the events has never been publicly disclosed. It is known, however, that Tenet was keynote speaker at Sun Valley in 2003 (whilst still CIA head) and again in 2005.

  15. Sheep cannot be capitalists.

  16. larrymagicpony says:

    http://redpillpress.com/retail/images/ISBN9781897244487.jpg not something that i have personally read but sounds interesting ‘ Almost Human ” a look at Metaphysics of Evil , ‘The Wave ‘ Book 7 by Laura Knight Jadczyk . http://www.ponerology.com/

  17. Bill Selepec says:

    Max,
    Just wanted to say that it is a pleasure to watch and listen to what you have to say.
    You have the smarts and guts to say and report what many men and women in your profession should be doing. Also your saying what the viewing public is saying in their minds with all this pre engineered, well choreographed chaos going on now.
    The way you report the financial news and do your interviews is very important but you also deliver the information in such a way that it is easy to grasp and you keep it likely and funny many times…without losing the seriousness,which is great. Not that stuffy professor or monotone delivery we watch and hear so many times.
    Keep up the great work.
    We need more reporting professional like yourself…not to sound patronizing…It’s refreshing for a change..

  18. My favourite cartoon,

    http://www.youtube.com/watch?v=FKss2pBYQ6Y

    Henry Cabot Henhaus III, the richest chicken in the world, and an amateur scientist, would drink the Super Sauce that his trusty side-kick and butler, Fred, would mix up.
    The Super Sauce would transform Henry into Super Chicken although it gave him no discernible powers.

    http://www.digital-sledgehammer.com/superchicken/graphics/sc-coup.gif

  19. warburg sidney says:

    Illya & frances, are wars triggered by national interests (russia and china are not part of the BIS) or are they triggered by banking interests (russia and china are part of the BIS)….. anyway in both cases war is evident! Still the question stands?

  20. warburg sidney says:

    I believe we are pretty much in the dark about who controls what and we should indeed look for signs!

  21. Signs? Who is staring wars today? It ain’t Russia and it ain’t China.

  22. Phil says:

    @Canada/JK … does CNBC transmit the enclosed video to Germany?

    Yes , this particular one works .
    However, I often find that “some” CNBC videos are blocked here…. especially the ones I really want to see !
    ;-)

  23. frances snoot says:

    Sheep cannot be capitalists.

    sorry, Illya
    Anyone can be a capitalist, all it takes is access to capital. Turtles can be capitalists.

    Sheep lack imagination, but if they have capital they can invest in greener pastures.

    I think you are referring to the free market.

  24. frances snoot says:

    Signs? Who is staring wars today? It ain’t Russia and it ain’t China.

    Illya, they’re not called “wars” anymore! The term is now “humanitarian relief efforts” or “peace”.

  25. frances snoot says:

    Excellent video, Chalcie. I really enjoyed it.

  26. frances snoot says:

    @Warburg:
    I think war is a part of the nature of humans.

    http://scienceblogs.com/primatediaries/2009/07/the_politics_of_human_nature_1.php

    Of course, being American I don’t agree that humans needs to be controlled by a monarchy or Hegelian monstrosity to resist their subprime urges. Goodness, war happens no matter who is in charge as evidenced by history and reality.

    We need to teach the children that war is an atrocity against human nature. It is like the leviathan Hobbes describes: the state of man is constantly warring with himself.

  27. frances snoot says:

    Sorry if I contradict myself: man’s nature is to war, and the nature of man wars against man’s own nature. Man contradicts himself. Of course my perspective.

  28. Karl Marx says:

    @Max

    At 2:39… “Generally speaking we get the joke”.

    The joke is then defined by the speaker. He’s apparently quoting some adversary, not reinforcing these ideas.

    I can even see this is taken out of context and needs correction. Instead, vacuous vultures move in to twist this into anti-socialist, anti-communist distortions and defecate on one of the greatest revolutionaries in the world.

    This is a classic Alex Jones, counter-revolutionary tactic. I’m sure his new film, like the Obama Deception, will be more of the same. Co-opting comrades like KRS-1 and Michael Hudson for legitimacy, while denigrating them on a deeper level.

  29. Adam C says:

    @larrymagicpony

    Great links.

  30. Adam C says:

    @Mitesh Damania

    Awesome find!

    >> Political Ponerology by Andrew Lobaczewski. The Book available online for FREE!
    http://www.askbutwhy.com/2009/10/political-ponerology-book-available.html

  31. naomi says:

    Illya,

    Thank you for the article on Russia and their vote regarding the Goldstone paper and report.

    Wayne Madsen wrote a while back that Israel was behind the funding for the birther movement. Thereby going after Obama and sending him a message…….a bent elbow with an extended middle finger, a description Max so humorously invoked in one of his interviews.

    The Mossad went after Clinton via a honeypot operation (Monica) because Clinton was putting pressure on Israel over occupation and territories.

    In the book “Final Judgment” Michael Collins Piper substantiates that JFK ran amok with Ben Gurion and Israel over access to nuclear power. He says in his book Mossad, elements in the CIA, political agents assassinated JFK.

    The Mossad, IPAC control the government in both the Senate and Congress. Many of those in the governing bodies are being blackmailed regarding sex, and money laundering……

    It’s time the world and the US throw off these criminals.

  32. naomi says:

    Chalce:

    Thanks for the video, it has an uplifing premise. Thank God.

  33. Chacedonite says:

    @Naomi Thanks, My thoughts exactly!

  34. jph says:

    Max pease bring back the clark kent glasses and bedhead/faux hawk! I really enjoyed that look,. though only saw it in one video,. .

    Another great show. Will the sheeple march to the grinders willingly,. or will some rise up? Giveing the address is a nice touch.

  35. BondiBhoy says:

    @naomi

    Not to sure about the link between Israel & the birthers. Any real evidence of that? The lawyer Orly Taitz is a Zionist for sure but she has now been disowned by the other notable birther Phil Berg for her continuously idiotic ramblings during her own court appearances. He even called for her to be disbarred last week on Webster Tarpleys show. She either has a few loose screws up there or is some kind of agent provocateur out to discredit the birther movement.

Access The Max Keiser Podcast
Weekly Downloads, live Q & A Session and exclusive video posts from Max and Stacy

Subscribe Learn More
Buy Gold Online
Watch the latest Keiser Reports:


Watch our Google Hangouts: