[KR90] Keiser Report – Markets! Finance! Kicks!

Stacy Summary: We look at how Britain is avoiding confrontation with suicide bankers who took down the financial system “for kicks”. Max also talks to Reggie Middleton of BoomBustBlog.com about JP Morgan starving on zero interest rate policy and about just how many oligarchs the US can support.


Dear Max & Stacey,
Don’t bother wiith the water-boarding or decapitation. You have to punish magical thinking with a good old fashioned witch burning. Get mini-Max in there as Witch Finder General, full puritan outfit, flaming torch, the works. You could even work through the whole Monty Python, “Burn the witch”, scene:
“So logically, if he weighs the same a a treasury bond…?”
“He’s .. a …witch?”
“And so?”
“”Burn him!!! Burn him up!!”

You would really need a decent Brit accent to carry this off and Max, sorry to say this, but your posh Brit accent is terrible.

BTW when is Stacey getting her own doll? You know they’d sell like hot cakes in cold weather.

Thanks for another great show. I am always amazed how you guys make the most depressing news so good to watch.

Cheerio now!
Pongo.

354 comments on “[KR90] Keiser Report – Markets! Finance! Kicks!
  1. ronron says:

    well @Dedo. you would like some advice? don’t take yourself too seriously.

  2. Youri Carma says:

    Brazil’s Silent Revolution http://www.youtube.com/watch?v=S4_LEo2yqyg

  3. Youri Carma says:

    Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60% of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.” http://www.theglobeandmail.com/report-on-business/commentary/neil-reynolds/the-scary-actual-us-government-debt/article1773879/

  4. Youri Carma says:

    jbyeats – BANKS BY THE SCORE http://www.youtube.com/watch?v=ZZLj7WvYXNo

  5. Youri Carma says:

    Regulators close 7 banks in Fla., Ga., Ill., Kan., Ariz.; 139 US bank failures this year http://sg.finance.yahoo.com/news/7-banks-closed-in-Fla-Ga-Ill-apf-1135619637.html?x=0

  6. Elliot says:

    Max,

    That green moving ticker tape toward the bottom of the screen blocks my view of Stacy’s ti*#.

    Can you do something about that Max?

  7. Youri Carma says:

    Graveyard Stories: Hungry bears out for loot in Russia http://www.youtube.com/watch?v=7rGbrsQsjHc

  8. Gordo says:

    Kotlikoff

    lock him up and throw the keys away

    Just another loonie for austerity.

    They should just go ahead and form the 11th branch of the tea party call it the loonies for austerity and deep depression. Or more their speed would be loonies for austerity and kool aid growth and freedom.

  9. dan valley says:

    @ronron

    Have you voted yet? http://www.climatebabes.com/competition.php
    ……quite masculine with painfully obvious disproportinate breasts……what more proof does one need of climate change.

  10. frances snoot says:

    “I’m not sure if I dare say this one….”

    http://www.youtube.com/watch?v=7gBXPUSXGWs

  11. dan valley says:

    Angry Clowns: Don’t Call Washington Politics ‘a Circus’
    http://www.aolnews.com/weird-news-elections/article/angry-clowns-dont-call-washington-politics-a-circus/19688833

    Labour councillor calls for Margaret Thatcher to “burn in hell”
    The deputy leader of Sunderland City Council said she hopes Margaret Thatcher “burns in hell” on social networking site Facebook.
    http://www.telegraph.co.uk/news/newstopics/politics/8096040/Labour-councillor-calls-for-Margaret-Thatcher-to-burn-in-hell.html

  12. dan valley says:

    Florida independent Senate candidate Charlie Crist personally lobbied Democratic candidate Kendrick Meek to exit the race this week, offering him a cross that had been a gift from his sister,

    http://blogs.wsj.com/washwire/2010/10/29/meek-i-turned-down-crist-cross/

  13. Youri Carma says:

    Author Hudson Says Fraud Drove The Mortgage Crisis Vid http://www.youtube.com/watch?v=iAiYMfMicDE

  14. frances snoot says:

    Countdown:

    What’s the rush? I thought green shoots meant fruitful ambition? Where did those legacy assets GO? Did they fertilize the shoots? Have they now become mulching mush?

  15. frances snoot says:

    Meek should have changed his name before he entered Floridee poly-ticks.

  16. dan valley says:

    Great comment by Michael Lewis “Proprietary Trading Goes Under Cover: http://tinyurl.com/2blftj4

  17. frances snoot says:

    “A few weeks ago we asked a simple question: Why are the same Wall Street banks that lobbied so hard to dilute the passages in the Dodd-Frank financial overhaul bill banning proprietary trading now jettisoning their proprietary trading groups, without so much as a whimper?”

    Dan: It’s one of the Basel iii regs. Why do these guys waste so many words?

  18. dan valley says:

    @snoot cause at the end of the day its all they have.

  19. dan valley says:

    “Kendrick, I’d like you to sell out your supporters & quit the race. No? What if I give you this cross?”…its 12k!!

  20. frances snoot says:

    Dan:
    At the end of the day, they really should wonder why they thought the day was ending.

  21. Youri Carma says:

    OHIO AG: BANKS OPERATING ON A BUSINESS MODEL BUILT ON FRAUD 10-28-2010 Vid http://www.youtube.com/watch?v=cGWUzOKCQ5w

  22. Youri Carma says:

    WILLIAM K. BLACK: “FIRE HOLDER, FIRE GEITHNER, FIRE BERNANKE” 10-25-2010 Vid http://www.youtube.com/watch?v=I12oDVr2RZQ

  23. dan valley says:

    snoot cause we live in a finite world

  24. dan valley says:

    NBC: All Human Cattle To Be Microchipped By 2017
    http://www.youtube.com/watch?v=T_KN6aKgfsE&feature=player_embedded

  25. dan valley says:

    I am what I am….Am I what I say I am?

  26. In the end, we are all damned says:

    @ stacyherbert

    This video and a couple of others that I have been watching recently give me this unshakable feeling that I am watching something from the Onion News Network. I just keep thinking this has got to be some kind of joke. I feel like I want to wake-up from all this; it is hard to believe the totality of all the structural problems wrong with this country!

    http://www.youtube.com/watch?v=K9Skmkxu1Xc&feature=sub

  27. dan valley says:

    @snoot..I think the words they want to use are…”Beauty is unbearable, drives us to despair,offering us for a minute the glimpse of an eternity that we would like to streach out over the whole of time.”….or consider a more timely version …..Exhibitionist Nymphomaniac pothead chainsmoker with concussion a plus.

  28. snoop diddy says:

    ABC Foreign Correspondent on pollution problems in China. Imagine having a job where you have to light plastics, sniff the fumes and then throw the plastic into the correct pile for recyclable grade of plastic:
    The vid is on the side panel under ‘Dirty Secrets’.
    http://www.abc.net.au/foreign/

  29. frances snoot says:

    “The weight of this sad time we must obey;
    Speak what we feel, not what we ought to say.
    The oldest hath borne most: we that are young
    Shall never see so much, nor live so long.”

    King Lear/Shakespeare

    Is this what you meant to imply, Dan?

  30. jon says:

    its just sad. The elites could have set up a society that actually worked. But for some reason they got greedy with power and want to destroy and hurt so many. Crazy stupid times.

  31. Youri Carma says:

    Jon Stewart: America’s anchor-in-waiting – The Most Trusted Name in … something or other http://www.marketwatch.com/story/jon-stewart-americas-anchor-in-waiting-2010-10-29

  32. snoop diddy says:

    those entities defined as nations are nothing but currency concentration camps serving the global elite who have no boundaries.

  33. SAO says:

    @Jon

    So true, and yet for some reason we allowed it. Humans seem frail, but we are very powerful beings. We need to change our mind patterns.

  34. dan valley says:

    some guys have all the pain snoots

  35. Chalcedonite says:

    All they talk about is how they need to get things under control so that they can borrow “in the future” at cheaper rates.

    debt debt debt slavery slavery slavery

    Ireland’s “successful” bond sale:

    “So Ireland is “allowed” to borrow at high interest rates, all of which is sovereign debt, undertaken by a fully consenting government, not a populace hooked on reckless borrowing funded by folks who were lending recklessly.

    The debt is therefore more dangerous than the debt it is going to fund!

    So trejoice, one and all!

    The deficit is safe for another time period, whether that be weeks or months ……. No real hardship required. The pusher is helping us to get off all the easy credit! Wonderful! Rehab without pain? Or actually is it that we now opwe more than ever, threatening the ability to repay even more?

    As more interest is due, the deficit increases……

    “Successful” bond auction?????? Really? It seems that those who welcome it, wish to accumulate as much debt as the market will allow. Do they then decide to default? Hoping that with the likelihood that other EZ countries will also default, little Ireland with its prestigious IFSC, will escape notice? Or have they done their sums and “know” that repayment will be easy, befor interest and reborrowing at higher rates make the debt double, in time of depression?

    I do not rejoice. Close the deficit while there is still economic actiity to tax. Oh well, there is always a window tax and a tax on urine to implement. Pecunia non olet!

    The taxes will eventually be raised, however long it takes!!!!! There is a reason why the eith house governs the inevitable things in life: death, taxes and sex!”

  36. snoop diddy says:

    I find it very strange that the US has voting on a Tuesday, how inconvenient. Do most other countries have elections on weekends? Australia is one that does.

  37. Gordo says:

    They vote on Tuesday because it is harder for the working class to get out and vote during the week.

    Everything in the US is designed to put the working class at a disadvantage.

  38. snoop diddy says:

    @Gordo,
    It definitely seems that way.

  39. Tom' says:

    @Snoot

    “The Meek shall inherit nothing”?

  40. Tom' says:

    @ in the end

    UM dude looks too young to take seriously. He had to do a “study” to find out the problem stems from medical gouging LOL. Thanks Rick Scott, I wont vote for you. Blessed is the Meek, sort of. Ann Arbor = liberal fascist hellhole. Nice place to visit, though.

  41. dan valley says:

    KingWorldNews Art Cashin Direct of Floor Operations at UBS interview http://bit.ly/aLaeKa covers gold, silver, us dollar, stocks, fed, interest rates

    KingWorldNews Eric Sprott Chairman Sprott Asset Management interview http://bit.ly/cL5pQe gold, silver, us dollar, hyperinflation and more

  42. Tom' says:

    @Y’all

    My bad…mixed up my candidates, shows how much faith I have in the ballot box. Vote for Sink I guess. What tragic names for politicians, Meek & Sink…couldn’t do worse. I guess we will get the medicare fraudster and the Cuban facist (for a change).

  43. Paolo says:

    I’m a bit late here Max but Blankfein should be fed to a shark in my view.

  44. frances snoot says:

    No Tom: it’s time to let go those sentimental attachments.

  45. frances snoot says:

    Of what is more value: a violet or an ounce of gold? Man tramples the flower to attain the metal. He chooses dominion in his pursuit of power. But all, man flower and metal, are nature’s dominion. Man’s tenure on this planet is brief. He cedes dominion to nature through his own nature. The choice isn’t man’s to make.

  46. frances snoot says:

    “Speak what we feel, not what we ought to say.” shakespeare

    ‘I see things as they are, not as I’d like them to be’ middleton

    As they are according to the mood of the age?

  47. Frans says:

    Very interesting link China and Europe.
    Read first part, the rest we alredy knew.
    http://www.therealnews.com/t2/component/content/article/54-william-engdahl/450-a-surprise-boost-for-euro-from-china

  48. lawrence says:

    I would not ascribe malice to a situation where extreme greed is more than sufficient explanation.

    The grabbing hands
    Grab all they can.
    Everything counts
    In large amounts.
    Depeche Mode

    I don’t believe they (the oligarchs) are terribly intelligent, however. They seem to be only dimly aware that the value of that which they grab is diminishing. Therefore they must grab more, which causes more diminishing. The grabbing is becoming rather desperate now.

  49. frances snoot says:

    “Vote for Sink I guess.”

    Sink/Crist/McCollum?

    “Tishman’s business plan was to convert as much of the complex as possible to free-market-rate housing. At the time of purchase, approximately 75% of the complex was considered rent stabilized-where rent increases were limited by an annual percentage by the New York City Rents Guidelines board until such time as the occupant’s annual income exceeded $175,000 per annum and his rent is in excess of $2000 per month. Through the passage of time, and by removing illegal occupants, Tishman expected to be able to raise rents to a level sufficient for them to cover the annual debt service of 4.4 billion of debt and return on their equity investment.” (Pershing Square Capital Management, L.P.)

    Not only did Crist/McCollum/Sink overseeing Floridian pension funds lost 266 million in that rat-infested-investment; Sink declared it unconscionable for anyone to mention the dud deal. Fannie/Freddie hedged the bet going in relative to the risk involved and lost no money.

    Recently the same trio poured millions into hedge funds:

    http://seekingalpha.com/article/228295-florida-pours-700m-into-hedge-funds

    “The big winner was Knight Vinke Asset Management, which received $250 million. The SBA also made four $100 million allocations, including to hedge fund P2 Capital Partners. The other nine-figure mandates went to three firms managing debt funds: Audax Group, Bayview Financial and Blackstone Group’s GSO Capital.”

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