[KR42] Keiser Report – Markets! Finance! Scandal!

Stacy Summary: We look at the scandals of perfect trading days; PIIGS flying only to fall to earth five minutes later when markets realize the Euro-Tarp ‘rescuers’ are, in fact, real bankrupt debt pigs; and Max Keiser explains high frequency terrorism in the Manchurian candidate markets. In the second half of the show, Max interviews post-neoclassical economic philosopher Damon Vrabel about the European bailout, the financial empire and the IMF, and how the right kind of republic can provide some solutions.

282 comments on “[KR42] Keiser Report – Markets! Finance! Scandal!
  1. ronron says:

    not bad kid not bad. a little uncoordinated but not bad. http://www.youtube.com/watch?v=waK9gxQYZ94

  2. Paul says:

    Ronron you’re alright…

    Looks like it’s you and me tonight Ronron…

  3. frances snoot says:

    @Youri:
    The video link (the child who lived before) was fascinating! Thanks!!!

  4. ronron says:

    @Paul. thanks but snoots my man. :-)

  5. Mother Earth says:

    My broker keeps making me broker..

  6. Fibon11235 says:

    It all comes together Fofoa and Peter Schiff appear to agree,, has anyone seen this?
    http://www.goldsubject.com/peter-schiff-echoes-fofoa-on-us-currency-crisis/

  7. Fibon11235 says:

    I think the only thing left keeping markets afloat now is nothing more than a lack of understanding and denial, rigged or not. How much time that buys, who knows?
    Its bonkers..

  8. @Johanraft

    Thx for the book idea…
    I will check it out…

  9. R. Cain says:

    KR42
    good program
    but three TV programs a week requires 150 guests per year

    i’d still like to hear Max yak for 15 minutes straight
    he can do it

    script/theme per program:
    any number of possibilities

    for example, answer viewers’ email questions
    (would also strengthen ‘relationship’ with viewers)

    even just winging it would be good stuff

    Andy Rooney has been doing this for 40 years
    “Did you ever wonder why …”

  10. ronron says:

    hahaah. stacy wore that top for old ronron. :-)

  11. Youri Carma says:

    @frances snoot

    I was fascinated by it myself.

    I don’t want to jump to the conclusion immediately that these are all pre life experiences although they could be. It could also be a form of remote viewing or maybe even a form of remote viewing of somebodies memories.

    Children before a certain age have very open minds and can pick up on things adults normally can’t. Our thoughts create electrical waves sort of which can be picked up upon. Humans even give off some light which has it’s own wave length too.

    But there’s definitely more we don’t know than we know. Why do humans only use 10% of there brain capacity? My theory, for the moment is that we are indeed alien engineered in the past for their purpose they didn’t want to make us that smart. Evidence is also the fact that our DNA isn’t that old at all and that there is a lot of “slug” DNA in it which, on first sight, doesn’t serve any purpose at all?

    Sometimes, by accident the “brain throttle” is destroyed and suddenly the brain can do the most amazing things.

    Extraordinary people – The human calculator – Pt1 of 2
    http://www.youtube.com/watch?v=NUsD2V6ijyQ

    Extraordinary people – The human calculator Pt2 of 2
    http://www.youtube.com/watch?v=oqxhxIuEGRw

    If animals also only use 10% of there brain capacity I am willing to throw this theory out of the window. I haven’t found out about that yet.

  12. ronron says:

    anyway. the trillion in europe has supply’d the demand for cash. bank runs, bonds cashed, retirement fund liquidated and other. that’s why the money was needed. all that money went to debt and gold. it’s gone. hahahaha. it was gone before they got it. too much. :-)

  13. John Robb says:

    WooHoooooo!!! …HELLS BELLS!

    There’s no more efficient transformer than the Fed for switching AC to DC!

    Now even PIIGS are flying BACK INto BLACK…

    http://www.youtube.com/watch?v=Vi2x28FEwCo

    Oh, I’m sorry Greece. Were you expecting to be “cut loose from the noose”? No, the 70s are long gone… don’t really know what the temperature is now… :D

  14. Dedo says:

    @ronron,….When I read your comment:
    “hahaah. stacy wore that top for old ronron.”
    This popped into my head!
    http://www.youtube.com/watch?v=X1VgcxE9Lpw

  15. ronron says:

    @Dedo. :-) :-) :-) hahaha

  16. Alberto Dietz says:

    We need government like a hole in the head. Not only Peter Schiff is right but only a fool or a fraud wouldn’t by this late hour recognize the Austrian School as the only principled and fully valid body of thought that meets the requirements of civilized man.

  17. Sam says:

    Great guest, great show, thanks for all your hard work! Maybe if your slogan was wake up, instead of rise up, you might appeal to a larger audience. Thanks, just love you two.

  18. irmatvep says:

    I’m all for an economic model based on distributism. Here’s an excellent article on the subject. I was going to apologize for the heavily Catholic overtone but on second thought nah.

    http://distributism.blogspot.com/2009/04/distributism.html

    Here’s an example of how such a model could work in a high tech society.

    http://www.mondragon-corporation.com/ENG.aspx

  19. Soteriology is the study of how individuals can become partakers of the divine, or develop a divine as well as human nature. See theosis, divination, justification, and sanctification. Even salvation, though that has popularly been equated with a sort of glorified master/slave relationship. Eschatology is the study of the parallel development of all humankind.

    “As a preliminary indication of the subject-matter, a distinction may be made between the eschatology of the individual and that of the race and the universe at large. The former, setting out from the doctrine of personal immortality, or at least of survival in some form after death, seeks to ascertain the fate or condition, temporary or eternal, of individual souls, and how far the issues of the future depend on the present life. The latter deals with events like the resurrection and the general judgment….”

    http://www.newadvent.org/cathen/05528b.htm

  20. Charles says:

    Damon Vrabel was an excellent guest.

  21. Vrabel appears to think that since the extension of commercial credit requires reserves of high-powered money, private debt is based on public debt. That connection is increasingly tenuous, though. High-powered money makes up as little as 2% of the money supply. If Bernanke gets his way, commercial credit will require no reserves.

  22. @maxkeiser, So what currency should replace the USD as internat’l. reserve? Quickly. We’re running out of time.

  23. Kudos to Vrabel for fighting the good fight against Newspeak. Use the vocabulary that isn’t required to sell soap, or lose it.

  24. jon says:

    and to think if only bernake had been smart enough to give the money to the workers and not to the elite banksters. The economy would be flying very high right now. And we’d have gotten rid of the banksters cause they would have gone broke from thier derivitive debts.

    Gee, bernake what yah thinking.. Oh thats right the plan was to destroy the middle and lower classes and keep the overlord banksters in power.

  25. damon is wrong too. he’s stuck in his thinking that the federal government is necessary to fix our problems. wrong! its not the cure, its the disease. its not the solution for which we yearn, it is the fire in which we burn. what does the federal government do thats good? name one thing. you can’t. everything it does is crap. the only answer is to abandon this corrupt federal system completely and go back to being a loose alliance of democratic republics.

  26. jon says:

    @michel shipley, yep. All the usa federal govenrment(alias goldman sachs) is a stop gap to keep the elite banksters safe.

  27. Youri Carma says:

    “The best scientific minds have so far not been able to decipher the strange information”

    Obviously they are not the best scientific minds. If the satanist of JPL decipher the message the won’t tell us anyways, the bastards.

    But I can guess what it probably has to say:

    “Dear Dumb and Dumbest asses of the Universe: By the time you read this, which took you probably ages to decode, you will be very busy destroying yourself.

    We are trying to get as far away from you dumb asses as we can right now.

    Greetings and see you all in hell.”

    P.S. Don’t send us messages any more cause we won’t answer them anyways (ask SETI) cause we’ve got far better things to do.

  28. @jon, If nothing else, it is somewhat diverting to watch the unfolding of increasingly inventive, desperate measures by which banks, and the governments they control, try to delay the inevitable. Since the crash of ’87, this rearguard action had consisted primarily in creating one bubble after another. We appear to have now entered into the End Times of private central banking worldwide. It’s an epicycle that began with the creation of the Bank of England in 1694. Let’s see when this latest attempt at institutionalizing serfdom finally draws to a close.

  29. Youri Carma says:

    Wicked Ancient Chinese Torture http://www.youtube.com/watch?v=KMKev-t5Qxk

  30. @Youri Carma, Maybe somebody out there is trying to do us a favor.

    Rogue Satellite Could Interrupt U.S. Cable Programming

    http://www.switched.com/2010/05/12/rogue-satellite-could-interrupt-u-s-cable-programming/

  31. nobody says:

    I agree with Damon Vrabel’s view against Peter Schiff, 100%. Financial sector is much more stroger than govt. Blaming mainly the govt without how financial sector has been killing the whole economy gives more power to banksters.

    i was watching Niall Furguson’s vedio clip the other day on Youtube. I got disgusted. Is he the one who supported Thaterism and Raganomics in the past?? He was busy saying that it’s all govt’s falut. He also dishonestly said Fed is a govt institution.

  32. @Youri Carma

    “The best scientific minds have so far not been able to decipher the strange information – is it a secret message?”

    – Send more Chuck Berry!

  33. nobody says:

    @ Dedo

    “Damon Vrabel reiterates exactly what Frances was trying to tell you goons,….
    But nobody seems to notice,…..nobody seems to care,.. : )”
    —-> I am one of them. If it’s true, Well done Frances !!!

  34. jischinger says:

    agree 100% with Damon Vrabel re: Peter Schiff

    even Ron Paul said, during the campaign, we will have to move towards socialism first to claim back the republic, he meant that as supporting American Citizens not corporations – Main Street, not Wall Street.

    I am seeing more and more grassroots organizations forming, but they are not getting the Press –

    If you find one spread it as much as you can
    this week I am spreading http://www.takebacktheland.org

    I also encourage people to look into squatter rights in the US
    it’s part of our country’s foundation

    It’s terrible what they are doing all over this nation tearing down empty houses to keep the banks profiting. I’d rather have a good neighbor than a wealthy banker, wouldn’t you?

  35. Youri Carma says:

    Weekly jobless claims 444,000 but prior week adjusted to 448,000 13 May 2010 (MarketWatch) http://tinyurl.com/3xz9wg2

    New swap lines at Fed total $9.2 billion 13 May 2010 (MarketWatch) http://tinyurl.com/33b7jt8

  36. Youri Carma says:

    BP releases subsea video, cost of oil spill climbs 13 May 2010 (MarketWatch) http://tinyurl.com/24gowyy

  37. Youri Carma says:

    Webster Tarpley: Karzai visit a charade http://www.youtube.com/watch?v=LHhOq85E7h8

  38. Before the establishment of the Fed, notes issued by commercial banks had no more federal backing than coupons do now. Now commercial credit must by law be recognized as legal tender. Let individuals decide for themselves whether a given commercial bank’s credit should be accepted in payment of debts. Then the free market can finally sort out the credit crisis. It would be traumatic, but so will the final throes of the private central banking system..

  39. dan valley says:

    Jim Rickards Sayz…Example of captive regulator WSJ_Econ: Bernanke Letter to Lawmakers on Swaps Spin Off http://bit.ly/bQGHxn

  40. dan valley says:

    also….Summary of FDIC failed bank asset sales program – “We have lots of lots.”

  41. dan valley says:

    Priceless…”Cheat sheet on bank scandals http://bit.ly/cGynKj. My Lady Macbeth rule: the more you say, the guiltier you are. Makes Goldman way guilty”

  42. dan valley says:

    CFR “announces themselves” with PR campaign. We are winning!

    http://www.youtube.com/watch?v=ccuDffnPZPI&feature=player_embedded

  43. dan valley says:

    re post…..Hay Was Used Successfully On The 1969 Santa Barbara Oil Spill

    http://www.youtube.com/watch?v=k5SxX2EntEo&feature=player_embedded

  44. jon says:

    I sure wish the federal reserve would lend me a trillion at 0% interest so I could then use that money to borrow another 10 trillion with that as collateral.

  45. dan valley says:

    How can something like this be worked into a political ad…..its the only thing America responds too..

    http://www.youtube.com/watch?v=UUeMgZrLO8s&feature=player_embedded

  46. Guy says:

    Damon is exactly right. Schiff is half right, which means he’s dangerously incorrect. He wants to fight banks with…..drum roll…..nothing. Good luck with that Peter. Bring damon back, he GETS IT. He sees the final battle between the democratic state and the undemocratic corporation (which is just as asset aggregator). Our Founders fought a revolution to get away from aggregative or centrtical powers.

    Max, I hope you listened. That’s you buddy. Don’t go in for the conspiracy radio guys even though they make bank.

  47. marietta says:

    Poll:
    58% of Americans think Wall st. is no longer fair and open
    4% trust Goldman Sachs
    http://www.cnbc.com/id/15840232?video=1492884749&play=1

  48. marietta says:

    Goldman is trotting out granny/school marm look-alikes to spout their lies. The kinder, gentler face of Goldman?
    http://www.cnbc.com/id/15840232?video=1493162357&play=1

  49. marietta says:

    @Glad
    great link
    It’s interesting that only 27% believe their own representative has consent of the governed. Congress always has low approval ratings but voters usually believe their rep. does a good job. Unprecedented.

  50. @marietta, The people who trust the gov.’t., but not Wall Street, are called Democrats. The people who trust Wall Street, but not the gov.’t, are the Republicans.

  51. Mep says:

    @ y’all – I’m drunk. Drunk and I have to go out-of-state for the weekend, so here is an early sun. vid. club contribution from me:

    http://www.youtube.com/watch?v=UtgXus3eiII

    Cheers to you all.

  52. dan valley says:

    @Mep…drunk??? Should you be drinking in your condtion?

  53. Mother Earth says:

    What childrens animations can tell you about bankers

    http://www.youtube.com/watch?v=oTWv63RyLP8

  54. Mep says:

    @ dan – my condition hasn’t been my condition for almost a week now. its heart stopped at around 7:30aqm last Fridy after I was put out with general anesthesia. I’m actually not doing as poorly as I thought… just having a super hrd time every now and again, and also having an extremely hard time being interested in what’s going on in the rest of the world. But I do miss chatting with all of you peeps. Even Marc, who told me to go kill myself just weeks ago.

  55. solipsist says:

    @ Mep: I am so sorry to hear your sad news. Time to grieve, but don’t stay away for too long.

  56. stacyherbert says:

    @Mep – what’s happened? I hope you are okay.

  57. Mep says:

    @ solipsist – Thanks so much. Gonna get goint to bed , because the beer’s bringing me down further than I should be going doiwn.

    Take care @ y’all.

  58. Mep says:

    @ stacy – This is me. I’ve gotta get my ass in bed. As soon as Ican think about corrput fucking banksters and half-assed politicians agoin, I’ll be back to hang with you all. I trust you two have been doing a kickass job in covering it all here.

  59. dan valley says:

    @Mep…sorry to bring it up…had no idea.

  60. stacyherbert says:

    @Mep – oh Mep, I’m so sorry to hear that :( . . . well, we’re all here if you need us

  61. Bonn says:

    @ Mep
    I’am so Sorry fer ya :-(

  62. Paul says:

    Get well MEP.

  63. Paul2 says:

    Isnt Peter Schiff a Plutocrat? Why wouldnt his economic model lead to an oligarchy?

  64. nobody says:

    @ Mep

    Get well soon. Sorry to hear what happened to you,.

  65. @Mep, Get well soon!

  66. Ingrid says:

    @Mep
    I am so sorry. I’ll say a special prayer for you! I look forward to reading your postings soon. Don’t be too long :)

  67. peptopinkboots says:

    I asked Peter Schiff, “How are you going to create large numbers of jobs in the United States with NAFTA and GATT?” He never answered.

    Damon *may* get it. Let’s see what happens when he suggests solutions in Part 6 of his series… I’m hoping!!!

    In the meantime, ALL US citizens MUST call their Seators – Cantwell-McCain MUST pass or BUST (literally, as in the entire world economy goes…)!

  68. JD says:

    wow great guest , amazing show as always max and stacy ;)

  69. amolpatil2k says:

    We might be losing the plot here.

    The divide is not (only) between the bankers and the people because that would only tax us remotely.

    The divide is between two groups of people (banker helped and banker punished) because only people can intimately (as opposed to remotely) tax other people.

  70. Sylvia Rogier says:

    Eschatological = end times, end days
    A familiar term if you’ve attended charismatic-type Christian services

    I hear that new particle accelerator at CERN can answer questions about the nature of dark matter. We already know that dark matter makes up 80% of the universe. But we don’t really know what it’s composed of. We only know it’s there because of it’s effect on the rest of the detectable ordinary matter. Sounds a little bit like Max’s dark universe of hidden debt. I wonder if the LHC can be reprogrammed to find out the exact nature of all that invisible collateralized, securitized, ponzi-layered, sub-primed, financial stuff that nobody can see but everybody can feel.

    I liked your guest’s comments about Peter Schiff – and how he’s right about the economic/financial issues, but maybe a bit wonky about the role of government. I agree that government is the only tool that people have that’s big enough and strong enough (ideally) to take on powerful interests (like Wall Street, multi-national corporations, lobbies, etc)

    Good stuff. Thanks.

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