[KR201] Keiser Report – Fecal Alchemy & Citi

We discuss the message from Sirte, “Today Libya, Tomorrow Wall Street”, and the two-tiered justice system for fecal alchemists. In the second half of the show, Max Keiser interviews Stephen Leeb, author of Red Alert: How China’s Growing Prosperity Threatens the American.

75 comments on “[KR201] Keiser Report – Fecal Alchemy & Citi
  1. Al Kyder says:

    @ maxkeiser & stacyherbert

    The Olympus scam is astounding, pain web / UBS taking 35% profits. 35% profits is like a little tag that says American fraud. Merryl Lymch also worried on that 35% margin in Zimbabwe.

    God save the Queen and pax Britannia and my thanks to Hilary (The Rodent) Clinton for making sure that gold was at Saif’s house
    HSBC, Goldman Sachs and other top banks took on hundreds of millions in cash deposits. Hedge funds and private investment firms, including the Washington-based Carlyle Group, sold Libya’s investment authority complex financial products. The Libyan sovereign wealth fund bought more than $1 billion in U.S. Treasury bills, effectively giving Libya a chance to underwrite U.S. debt.
    Steven Leib was excellent. Thanks for the insightful commentary on China. No disagreements with anything he said here.

    110$ US for brent crude shows we have peaked. What ever happened to the Light Sweet Crude index? None of that stuff left, they are going after oil with Specific gravity as lower that 25.
    We now put 10% ethanol into our high octane gas. That is a very convoluted but cheap subsidised way of converting diesel into something that can be used in a Gasoline engine.
    Gas condesates wont do it.
    Steven Leib is correct, China is not doing this maliciously, When GW Bush effectively killed the Kyoto protocols, China decided to take up the stick.
    17 Oct 2011 – ChinaWatch Logo China Watch Home About China Watch A Chinese official urged the U.S. government to join the Kyoto Protocol and cut its emissions
    BEIJING, June 17 (UPI) — China’s draft energy policy focuses on securing resources for the future more than slowing harmful greenhouse emissions, a Chinese environmental expert said.
    “There is a stronger sense of energy security than climate change,” said Zou Ji, who retired as China’s international climate change negotiator last year, the emphasis is on securing an energy supply “where you can plant your foot on it,” said Li Junfeng, an senior Chinese policy maker on energy issues.

    During China’s 12th Five Year Plan period (2011-2015), solar PV will be the fastest growing renewable energy. http://www.digitimes.com/Reports/Report.asp?datepublish=2011/10/11&pages=RS&seq=400&read=toc

    During the 12th Five Year Plan period, solar PV will be the fastest growing renewable energy. At the end of 2010, solar PV system installations were only 822MWp in China, however, as the price of solar products has been decreasing rapidly in recent years, installations in China in the next five years will grow by tenfold to reach the target of 10GWp.
    The 12th Five Year Plan also set up plans to regulate the environment of the solar PV industry. The plan sets to control the volume of crystalline silicon PV industries. The government will allocate resources to the main solar firms with targets such as having 1-2 firms with polysilicon production capacity of 50,000 tons and 2-4 firms with 10,000 tons of capacity. The government also hopes to have 1-2 firms with solar cell production capacity reaching 5GW and 8-10 firms reaching 1GW. Lastly, China hopes to have 3-4 solar equipment firms with annual revenues exceeding CNY1 billion.
    Now the ¥ price and Gold. Kitco have been slow on the uptake when it come to the HK ¥ XAU market. This is effectively the kernel of the new reserve currency. The IMF will become irrelevant in the long term. Germany and Russia will no doubt draw closer.

    China was on a Gold Standard, and a Silver standard until the CCP took over. I am not sure about Taiwan I think they are still on a silver standard, and the Macanese Pataca was on a silver standard in my life time. I remember the shiny silver pataca’s from when I was a Child in the 70’s.

    It is well known that when the Pataca was first introduced the Chinese, being so accustomed to using silver for barter, were suspicious of this Fiat Currency and the paper pataca always circulated at a discount to the silver coins.

    Anyways this years Silver Panda’s 2011 were supposed to be limited to three million, So far they have sold and minted six million and we are not even near New Years.

    Six Million, Thats at least One Hundred times more silver coins than usual. four times more than last year already.

    IMF Gold Holdings. SDR Sales from /December 2010, the IMF concluded the limited sales program covering 403.3 metric tons of gold,including 200 tonnes to India. http://www.imf.org/external/np/exr/facts/finfac.htm

  2. snoop diddy says:

    James Grant Interviewed on Capital Account 10/24/11 (Part 1)

  3. snoop diddy says:

    Beijing launches ‘car lottery’ to help ease gridlock

    Thousands of Beijing residents have applied for new car licence plate numbers under a lottery-style quota system aimed at easing the city’s traffic problems.

  4. snoop diddy says:

    James Grant Interviewed on Capital Account 10/24/11 (Part 2)

  5. Tritone says:

    Does anyone have children in the USA?

  6. Bruce says:

    Great show.
    Great guest.
    Great discussion.

  7. Wolferl says:

    Wow, everything is getting killed right now. What happened?

  8. Wolferl says:

    Ah, Tyler says Ecofin meeting cancelled.

  9. stacyherbert says:

    @Wolferl – if markets were so smart, you’d think they would rise on news that the Ecofin meeting was cancelled . . .

  10. Max post this video on the reason for death of Gaddafi.


  11. Wolferl says:

    @ Stacy

    True. Btw, gold and silver up now. 😉

  12. F. Beard says:

    Moses causes gold to become fecal matter:

    He took the calf which they had made and burned it with fire, and ground it to powder, and scattered it over the surface of the water and made the sons of Israel drink it. Exodus 32:20

  13. Pi_314 says:

    This show is beginning to sound like a broken record. It’s becoming painful to listen to. How about a new shtick? Making comparisons to poop every week, and the like, can only go so far. My quest for intellectual material has me looking elsewhere, like the bottom of a barrel. Surely there is something better there. The viewership deserves better than just a beating drum, it needs a song. Come on Max and Stacy, show us you’re more than a one trick pony that just poops all day long.

  14. Alf says:

    Re: CITI group fraud.
    When our elected representitives fail to represent 99% of the population, Its natural we begin to represent ourselves…Is there any surprise here?…no. Look whats happend since 2008. The 99% of the population have taken, and continue to take the financial “hit” on behalf of the bankers whilst the bankers seem to be the only group of people who have not been affected by the banking collapse…ha!
    Surely our elected representitives must see the stark injustice here, this CITI group fraud is only one of countless others, as Max rightly points out…but nothing is done, the 1% has become extortionately wealthy while the other 99% of the population on both sides of the Atlantic continue to see their wealth confiscated by government sanctioned austerity measures…unfortunately, this will inevitaly lead to social conflict.
    Our elected representitives must find the courage to act now or the pages of history will tell of a tragic story full of cowardly self-indulgent greed.

  15. @F beard ,my mate sold his fecal matter during his university days as part of a medical experiment to supplement his fees- granted he mainly spent it on beer but it could have been gold it was an option lol.

    Seriously though, even I can see that America (and Europe to a lesser extent) is blowing it all on wars and useless miltary hardware. Talk about not getting ready for the coming commodities shortage or what.(apart from oil of course).
    Buy neodynmium its still quite cheap and makes the best magnets in the world. Anything that helps produce levitation via quantum locking has gotta be great, check this out is so cool(magnets shouldn’t be able to do this stuff at all-it makes maglev look stone age)
    upside down at angles-weird or what!

  16. Wolferl says:

    Umberto Bossi, leader of “Lega Nord” in Italy: Draghi killed Berlusconi
    (Bossi: “Draghi ha fucilato Berlusconi” )


    Bossi resists raising the Italian pension age to 67. Does not want to do a “favour to France and Germany”.

  17. Alf says:

    Had to blow the dust and cobwebs of this when I found it stashed down the back of a toilet in Parliament “government of the people, by the people, for the people.”

  18. Übergrinch says:

    Everyone knows you can’t turn feces into gold. It has to be urine. Hence the term, “golden showers.”

  19. @Pi_314, I think your Pi is limited to 22/7 and thats being overly polite
    @alf, elected officials? now surely you are having laugh,they are so blinded by greed-like the trader betting on shorts inside the twin towers analogy.Almost all of them have been paid off to support wars forever.
    Check out my next neodymium based scaletrix,
    Steven Leeb mentions cold fusion, well isn’t it coming online this month and I still aint seen anything in the blamestream media yet(not that I watch it much anymore), lots of money for many wars but not even a few dimes for this guy trying to help the entire world with his invention that he wants to share with us,
    I say it again, this will either change everything or turn out to be, lets say less efficient than first appeared.

  20. Bruce says:

    Übergrinch | October 25, 2011 at 5:53 pm |
    Everyone knows you can’t turn feces into gold. It has to be urine. Hence the term, “golden showers.”

  21. Bruce says:

    I’m sick of being piss poor 🙂
    *boom tish*

  22. Do Not Go There says:

    When someone lets off gas the people that smell it are breathing in another persons microscopic feces particles. Nothing to do with the article but I find it interesting.

  23. Bruce says:

    F. Beard | October 25, 2011 at 4:31 pm |
    Moses causes gold to become fecal matter:

    He took the calf which they had made and burned it with fire, and ground it to powder, and scattered it over the surface of the water and made the sons of Israel drink it. Exodus 32:20
    Call me thick, but I don’t understand this.
    What is this story about, exactly?

  24. Paddy says:

    Derivatives still confuse the fuck out of me. If these 100s of trillions of dollars of derivatives are just ‘fecal matter’ as Max says, how do they pose a threat to world economy? Can’t they just be annuled? A few episodes ago Max said something like there are no counter parties on these things….I just cant get that notion around my head, how is it all possible?

  25. Bruce says:

    Oh I forgot to mention:
    That’s very bad news about Olympus. One of the great Japanese companies.

  26. F. Beard says:

    What is this story about, exactly? Bruce

    Exodus 32

  27. jischinger says:

    Qaddafi looks like a kindergarten teacher next to any of the corporate whores on and hired by Wall Street.

  28. Apocalypto says:


    Max and Stacy will stop talking about poop right after poop stops showing up in the news.

    We came, we saw, we pooped.

    ~ Hillary Clinton

  29. @paddy, correct me if I’m wrong some1 but aren’t derivatives in this case an insurance policy against a loan arrangment to protect against credit defaults, its called hedging the bet. If there was a default they would look to the derivatives to pay it off (which of course has the potential to be not available credit wise).
    Blythe’s notorious CDS’s that were fraudantly sold to Greece are merely insurance against USA mortgage holders defaulting or not.
    Or did I miss something lol.

  30. Bruce says:

    F. Beard.
    Lots of killings in that story. No good.

    “Thus says the LORD, the God of Israel, ‘Every man of you put his sword upon his thigh, and go back and forth from gate to gate in the camp, and kill every man his brother, and every man his friend, and every man his [q]neighbor.’”
    Isn’t it easier to speak diplomatically?

  31. Bruce says:

    F. Beard
    Plus those people should create their own gods.
    Man, if I wore jewellery, I wouldn’t be offering it up for nix to no Aaron.
    In fact, I’d tell Aaron to go home and shove his tricks where the sun don’t shine.

  32. Bruce says:

    Plus it’s sad that I didn’t get to see that gold calf!
    Worshipping it would be silly.
    But it’s better than killing real ones like we do today.

  33. don middleton says:

    No, banksters and .gov created a poop chute milling operation.
    How can you say there’s no bread? ie SNAP.

    If I have the only cudgel, should i not let others do the work and then take it from them with the threat or action of death? Ho hum, it’s so damned easy.

  34. Liz S says:

    Good interview and great timing- it airs the day of this big price rise.

  35. Liz S says:

    If you look at the 6 month and 12 month charts, gold is where those longer term trends would have put it, minus the sharp summer months up-tick.

  36. Al Kyder says:

    @ @paddy & I_Cant_Believe_Its_Just_a_Dip

    Paddy if you have every single person in the derivatives market then be its own definition you no longer have derivatives. If everyone owns derivatives, then no one is insured, you dont have derivatives but full homogeneity, that means everyone one is exposed to everyone else’s risk. because their is no one outside the derivatives market to take on the risk

  37. David says:

    Don’t miss these recent news highlights: The News Unit Highlights

    And more…www.thenewsunit.com


  38. Sinbad says:

    Kadhafi, despite his strong hand, was a real rebel against the bankers. He did amazing thing for his country. The rebels are slave tot he bankers and the west. Linking the rebels to OWS manifestants is a non sense; not only their motives are opposite, but when it will turn bad in Lybya, as it will soon do when all these tribes will fight each other for power, you will regret such a comparison…

  39. What-me-worry? says:

    Moses and the colloidal gold orgy. The rest is history.

  40. Mattdog says:

    Good Lord, haven’t been able to quite get over the 200th episode w/ Stacy Herbert guest star! Carpe Diem! Trying to find the “more” button on my keyboard! 201 staring me in the face and can’t quite reach… quotient of time to read… Yet…Want to watch now, too many chores. Dammit. BTW I’m so glad that there is this place to go. This site is such an incredibly bright light in my life. 🙂

  41. Blah blah says:

    Max, can you please do a Part Deux in your internet acronym series, this time in honour of Sir Mervyn King? I am thinking:

    GTFO Mervyn King.


    I am sure there are a few people here that can think of incentives that do not require more bribery bonuses tax relief social pillage unwarranted gifts from the taxpayer.
    How this guy is still in a job when a 3 toed sloth would be more active in improving the UK economy is beyond me.

  42. microhousehold says:

    Peak Potassium

    Spinning sewage sludge into fertilizer gold:


  43. Vonda Bra says:

    @ M+S
    …justice unfortunately is “selectively” served on a daily basis all over the world, but still, I´m not sure, if you should have put it this way concerning Gadaffi? as you´re implicating there at least was any qualification to serve THIS KIND OF JUSTICE to Gadaffi anyways ? without explaining why you think so. Any of the horrible stuff that recently happened to his country/people and himself, finally ending in this horrible execution and handling of all this etc… to my understanding certainly could never match anything that could be called “serving justice” whatsoever! ???
    thats what really leaves a bitter taste with me by listening to you guys about that matter (like machines, not human beings)…. you just keep going to push your stuff forward, without saying anything about the “style” and circumstances, as if that never happend, and the way it was “served”!, as long as you can simply sell it with “GIABO”.
    I really wonder why … ???? 🙁

    @ Jischinger
    —-Qaddafi looks like a kindergarten teacher next to any of the corporate whores on and hired by Wall Street.—-

    @ Sinbad
    —Kadhafi, despite his strong hand, was a real rebel against the bankers. He did amazing thing for his country. The rebels are slave tot he bankers and the west. Linking the rebels to OWS manifestants is a non sense; not only their motives are opposite, but when it will turn bad in Lybya, as it will soon do when all these tribes will fight each other for power, you will regret such a comparison…—-
    THANK YOU!!!!!!

    Love V.

  44. Apocalypto says:

    Gold and silver are not getting killed.

  45. Patman says:

    Hi Max and Stacy,

    As with most of your shows they are very entertaining. And high brow. Seems there is more to learn with second viewing. This episode is in this category.

    Glad I ditched ‘satellite’ a few months ago in favor of rt.com.

    Awesome work, folks.

  46. karate kid says:

    i turned my crap into gold
    only way to get rid of the dollars! and the dum bastards gave me gold hhahahahahahahhha
    thier will be a day fbeard gold will be worthless but
    the day the dollar will be worthless will be sooner

    where the people lack vision they perish!!!!!!!!!
    what did the 3 wise men bring jesus???
    oh wait goldddddddddddd!!!!!!!

    give to cesar what is ceasars! and god what is his!

    if you do not have gold you do yourself a great discredit
    and if you dont have faith you lose your soul

    dont mistake god made gold and made us in his image
    we must live in a world he made
    key live
    love yea jesus

  47. karate kid says:

    people who have cash have faith in paper
    people who have gold have money not faith in gold
    i reserve my faith for god and money in gold and my riches in heaven

    never mistaken fbeard
    its easy to part a fool and his money
    and money to me is gold
    do you have money
    i dont need a bible to dictate , ive read it
    but thanks for your work ,it does show a opinion

  48. karate kid says:

    i was going to sell my gold!

    hahahahahhahahah yea and bears fly
    and congress obeys laws
    and the last 4 presidents didnt selll out america
    and we didnt give all the jobs to china
    and we dont print trillions buy the boat load

    gold one day at 5000 will be a good price and many will say
    i thought it was going to get better.
    i have one word for the usa goverment says it all


  49. Ricin3000 says:

    Well obviously if gold’s at 5000 than the FIAT is worth just that (probably less). Is that so hard to get?

    Got some silver phils I ordered today. Somehow they look like they’re bigger than maples. Premiums on those have done crazy things this week btw (i’m in EU zone). Much lower than before, as if they have much more supply for those, USD vs EUR FX rate also plays a role but still it’s remarkable. Of course I didn’t have the cash at the right time but I bet some did 🙂 Now they’re coming up again, still a phil is cheaper than a maple. A month ago that wasn’t so.

  50. Genivere says:

    It’s not just the U.S. that’s invaded Libya, it’s NATO. Also FRANCE was the first to start bombing Libya. Where’s the scrutiny on France? As far as China is concerned, when they exploit a 3rd world country, they produce DEALS where they build a hospital or whatever they need in exchange for resources. Nato builds a military base.

  51. CJ says:

    Another great show, although I’m not a big fan of scatological references. However, in this case it does seem apropos.
    OT, I wanted to thank Max and Stacy for turning us on to Sean Lennon and Charlotte Kemp Muhl. I’ve been listening to their work for the last few weeks and it’s really great stuff. A hidden gem: Rainbows And Gasoline recorded in Philly. http://www.youtube.com/watch?v=5qIH6TQO28s

  52. CJ says:

    Errr.. Rainbows in Gasoline rather…

  53. SilverCondom says:

    @ Sinbad @ Vonda Bra
    “—Kadhafi, despite his strong hand, was a real rebel against the bankers. He did amazing thing for his country. The rebels are slave tot he bankers and the west. Linking the rebels to OWS manifestants is a non sense; not only their motives are opposite, but when it will turn bad in Lybya, as it will soon do when all these tribes will fight each other for power, you will regret such a comparison…—-
    THANK YOU!!!!!!”

    I second that.

    Fecal alchemy, shitty group, shitty statement from Max & Stacy concerning Gaddafi slaughter.

  54. Max and Stacy, as usual, have it backward: GS and the rest turn crap (paper) into gold: for themselves. As for the “fines” these WS bandits pay, that’s merely the State Socialist “cut” of the crony capitalist “deal”. Trying to think why Max and Co. get it wrong so often. Let’s see…1982, NYC…Max’s up there on the 18th floor, practicing the Art of the Deal, while I’m 18 floors below, bicycle messengering, sweating blood and breathing poison. Yeah, now I get it. “Change”? From these two and the OWSers? Don’t make me laugh.

  55. Al Kyder says:

    @ SilverCondom @ Sinbad @ Vonda Bra

    I think that it is relevant that the big G was also intent on playing a bigger game, Imperialist striving by Gaddafi was something he admired and emulated vis Pax America.

    Think of it this way, “you have to get behind someone before you can stab them in the back”. Gaddafi was played for a sucker, and lost.

    He then realised he had a bag full of wall street “FECAL ALCHEMY” and decided like some other leaders to ditch the US $. He then made Gold Coins.

    I also said that no harm would come to him so long as he had that gold safely stashed. He should have known this. They found the gold on Tuesday, Hilary Flew in to inspect it, and then he was dead. All within 36 hours.

    No wonder they are patting each other on the back, job well done etc etc.

    I would prefer it if Gaddafi was seen as a valuable lesson to other leaders, rather than some kind of hero to emulate.

    The truth is Gaddafi was a kleptocrat in the great North African tradition which is the norm along the pirate coast.

  56. Sinbad says:

    @Al kyder

    It is not a question of making Kadhafi looks like a hero. I was simply surprised to hear Max Keiser and Stacy Herbert approve and repeat the same binary vision that we hear in the main stream media. This situation needs a more subtle analyse than the good/evil portrait i’ve heard them make… even more when in the same episode we hear Stacy Herbert saying that british investors see the lybian “revolution” as a magnificient opportunity to make money… even more when we suspect that this is at bottom a financial war between France and Italy, a financial war using the opposition of Kadhafi’s regime to achieve their goals.

  57. squiggy says:

    Pls. consider this BBC Panorama’s documentary linking UK & Col. Gaddafi & the use of torture, facilitated by MI6.

    PANORAMA’S LATEST: Paul Kenyon tracks Britain’s links to Col Gaddafi and the use of torture

  58. Al Kyder says:

    @ Sinbad

    I remember discussing this with @stacyherbert a while ago. Months ago actually, I noted that it was the frogs that did it, and she pointed out that they most likely did it because of Italy.

    Just to add something, I was also laughing hard at the “Pack Your Bags for Libya” statement.

    It reminds me of this

    So you been to school
    For a year or two
    And you know you’ve seen it all
    In daddy’s car
    Thinkin’ you’ll go far
    Back east your type don’t crawl

    It’s time to taste what you most fear
    Right Guard will not help you here
    Brace yourself, my dear:

    You’re a star-belly sneech
    You suck like a leach
    You want everyone to act like you
    Kiss ass while you bitch
    So you can get rich
    But your boss gets richer off you

    Well you’ll work harder
    With a gun in your back
    For a bowl of rice a day
    Slave for soldiers
    Till you starve
    Then your head is skewered on a stake

    Now you can go where people are one
    Now you can go where they get things done
    What you need, my son:.

  59. snoop diddy says:

    Woman in wheel chair gassed by oakland PD

  60. nobody says:

    It looks like you two (stacy and Max) would do anyting to sell GIABO. Cheering for extra judicial killing like Billy Clinton??? Pathetic!!!!

  61. nobody says:

    Ooops. Not Billy Cliton. “We came, we saw, he died” Hillary Clinton

  62. TJ says:

    New Banksy art at Occupy London

    “in-house art critic won’t be impressed till you wangle a working Guillotine with the names of banker Banksy collectors listed first for the chop!”


  63. Mini US says:

    Stephen Leeb made some good points about China, especially from an Australian viewpoint with commodities.

    Stephen says “I don’t think I’m crazy”
    Nice one bro 😉

  64. Al Kyder says:

    @Mini US

    Says the lone voice screaming in the forest 🙂

    If a gum tree falls in the scrub How many staff members would the Member for Sydney
    Tanya Plibersek, (Minister for Human Services , Minister for Social Inclusion,) need to organises the funding for the therapy for all the trees around it ?

  65. Mini US says:

    Hey Al Kyder

    Ah yes, Tanya Plibersek, EX – Minister for Housing.

    This obviously didn’t work(see below). Instead they just added to the First Homebuyers Grant.
    What Steve Keen calls ‘First Home Vendors Grant’ as it pumps up housing prices for all.
    Nice work Mrs T.
    Now NO-ONE can afford any housing anywhere in Australia.


  66. Mini US says:

    No wonder Obama doesn’t get time to run the country/world.

    Between golf, shooting hoops and answering millions of Facebook thread heads he’s gonna be damned busy.


  67. Angelo says:

    Great show Max and Stacy good guest, thank you.

    @Pedro Alfonso. Thank you for the Gaddafi link.

    P.S. Had an Arabian (that’s all I will say) aquaintance in the late 80’s who used stacks of crisp UK£20 notes in his loo to wipe his ass!

  68. snoop diddy says:

    flash bangs, rubber bullets, this is Oakland:

  69. snoop diddy says:


    Occupy Oakland: police fire teargas and baton rounds at protesters

  70. snoop diddy says:

    Occupy Oakland video: Riot police fire tear gas, flashbang grenades

  71. Al Kyder says:

    @ MiniUS

    Ah ! things are getting interesting in Ol’Sydney Town. I see the NAB want to start changing the laws, so they can re-poses negatively geared property more easily.

    and So it begins. Rents must go down, the entire real estate market now looks very very shakey.

    Well, at least a tri-Nations team won the world cup. They beat the frogs, just. 🙂

  72. sam says:

    hey guys, good show….

    …however you had Stephen Leeb on and he spoke about going back in time and viewing the past with a knowledge of the future.

    Could you now ask him to could you not pick up on his passed record?


    I may not agree with Schiff, but he has got things right and sticks to his word. Leeb is just a troll.

    Max/Stacey, part of our future should be about holding those who help spread lies accountable.

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