[KR207] Keiser Report – The Fed, The Treasury & The Holy Troika

From Kilkenny at the Kilkenomics Festival, we discuss the Fed, the Treasury and the Holy Troika and whether or not the Pope should ‘beautify’ Jon Corzine, the CEO of MF Global who “lost” hundreds of millions in client funds. In the second half of the show, Max Keiser interviews economist and professor Constantin Gurdgiev about Anglo Irish unsecured bondholders and the global debt crisis.

196 comments on “[KR207] Keiser Report – The Fed, The Treasury & The Holy Troika
  1. don middleton says:

    Seems like some consideration is being given to the idea whereby debt is piled up but the cost to keep the debt current is reduced, ie dime per billion or whatever to keep it current……..http://www.zerohedge.com/news/tranched-efsf-or-tarp-lite

    ie : Partial Protection Certificate (PPC) – the goal of which is to reduce coupons on bond issues
    Long range forecast remains…..all unpayable debt from all banks into cb’s will eventually be absorbed and written off in an uberbank ie imf/worldbank merger and writeoff or some other concoction……not that it’s right, just that that is what they will do. Then what? New world currency…all slaves by then. Do or die is now.

  2. wtf says:

    Max, I think you and Stacy are the ‘rockstars’ of economics.

  3. wtf says:

    BTW – Does Constantin have a Russian or Irish accent? πŸ™‚

  4. anon says:

    5 and a half mins in to # 207 and gotta say funniest keirep
    seen to date ‘beatify’ saint jon corzine jamie dimon as baby moneybags
    lol lol lol

  5. Mini US says:

    Great guest.
    Great questions and great explanations.
    Thanks πŸ™‚

  6. MirrorMirror says:


    North Pacific ‘super storm’ makes its way toward Western Alaska coastline

    ….. The storm was considered life threatening. National Weather Service forecasters were predicting the area could be in for one of the most powerful storms ever to originate in the North Pacific. Coastal residents along the Bering and Chukchi seas were urged to “not delay in taking needed precautions for this unusually severe and potentially life-threatening storm.


    …. AGW again ?


  7. Mini US says:

    I like the word IF.
    It reminds me that we are talking about the future πŸ™‚

    @AL Kyder
    “The front bench of the ALP is stacked with Militant Unionist Trotskyite Lesbians.”

    Hahahaha, even the men on the front bench have become this way.

  8. Robbie777 says:

    Best show for a while, wish i could have made it over to ireland.

  9. Angelo says:

    @swell, that’s just pornography… NICE πŸ™‚

  10. nama rama says:


    Constantine is regularly on MSM.

    He was especially revealing in this video.

    I picked his brain over a pint at last years kilkenomics, He’s a good guy.

    He is a number’s guy Like you IIRC πŸ™‚

  11. ‘Run for your lives’ – Euro Zone Considers Solution of Last Resort


  12. AlienApeHybrid says:

    Greek this…Occupy that…all a diversion from you know what.. πŸ™‚

  13. wtf says:

    IPO laddering claims

    Claims against corporate directors and officers associated with the manner in which the shares of an initial public offering (IPO) of the corporation’s stock were allocated to various parties. Such claims allege two types of wrongdoing: (1) receipt of undisclosed commissions, whereby the IPO securities underwriters received greater compensation from investors than was disclosed in the IPO prospectus, rendering the prospectus false and misleading, and (2) illegal tie-in agreements, alleging that underwriters required investors in IPOs to agree, in return for receiving a favorable allocation of shares in the IPO, that the investors would purchase additional shares immediately following the IPO. This would increase demand for the stock and cause a rise in the market price of the stock immediately following the IPO.

  14. stacyherbert says:

    @SAO @Robbie777 – thanks!

  15. swell says:


    I was watching some oh-so-brief mainstream media coverage of OWS, recently. They ridiculed the protesters as simply weirdos with narcissistic egos and selfishly only being there, hoping to get their pictures on television, as if the MSM was the center of the universe and that MSM constitutes the world’s reality and that the OWS was trying to rudely butt in on MSM deciding what warrants the world stage.

    Can you imagine what it took for that young lady to travel to the Vatican and bare herself like that in order to address her sense of injustice in pursuit of women’s suffrage? The dolorous anguish and humiliation and indignity at being arrested, is evinced on her face. I have a strong disquieted visceral reaction to her tormented countenance. Are those her panties in the other cop’s hand?

  16. Angelo says:

    @swell, quite possibly and I see he is making good use of his iPhones video capability, for evidence of course.

  17. SilverPorno says:

    Excelllent Excellent Excellent!

    Keep it up you two, we’re buggered without you keeping us up-to-date with what’s REALLY going on.

    πŸ™‚ πŸ™‚ πŸ™‚

  18. karate kid says:

    good video watch!

    also about the women showing her boobs at the vatican
    what was the purpose
    in the middle east if she did that she would be beheaded
    and i love max but when it comes to muslims he has no balls
    the vatican this the vatican that
    what about the muslims you know sept 11 ?or iran wanting to behead a cathloic priest!
    we are all Hypocrite s to some extent
    but ill stand with the vatican and fukk the muslims!!!
    and yes ill view her breast s for freedom
    but she truly is an idiot.

  19. BB Rebozo says:

    They are killing the trees and the veggies and ….. You. Let the sun shine you Bastards!


  20. Apocalypto says:

    “but ill stand with the vatican and fukk the muslims!!!”

    You need therapy.

  21. Ricin3000 says:

    There was an estimate/guestimate over at ZeroHedge ehere they came to the following conclusion:

    Of the so-called “Greece bailout” latest tranche 19% was going to Greece itself (part of this might also be debt payments), approx. 30% was going to Greek banks/finance, approx 40% was going to banks/finance outside Greece, and the rest goes straight to the ECB.

    If they keep this up they’ll end up with 1% vs 99% and worse.

    It’s all a ponzi scheme and guess who got in/was dragged in last?

    Seeing Bunga Bunga go down before G-Pap indicates that the CDS/CDO situation is actually even worse and we’re going to have some states default (Christine loves you) and talk all about that while the real news is a “system bank” wipeout (system bank means Christine loves you even more).

    BNP Paribas.. POOF, SocGen… WOOSH, Dexia… (no sound), ING (but, but, …), The Italians… NO_BUNGA?…, SC and UBS…. No mortgages?…. The dominos are on.

  22. Ricin3000 says:


    Last In First Out

  23. Ricin3000 says:

    One great side effect of a complete euro default is that JPM , GS, and friends will be honding the bag then. On to the US taxpayer….

    It’s all so unfair and fraudulent. And there you are running an honest business trying to make a living… Too Small Too Succeed

    That’s the message they have for me and for you.

  24. Ricin3000 says:

    I wish I could fail
    I wish I could fail
    like Jamie Dimee

    I wish I could fail
    just like they do
    I wish I could fail
    as much as they do

  25. mr horny says:

    @ max
    I think you’ll find it’s beatify not beautify.

  26. karate kid says:

    β€œbut ill stand with the vatican and fukk the muslims!!!”

    You need therapy

    do you think this is a crusade?
    maybe the 4th crusade?
    let me see …hmmmmmm
    no i see clearly
    eyes wide open
    with long ears
    thanks for your concern .

  27. Ricin3000 says:

    Please, no futile disussions about religion thank you. Or leave.

    β€œbut ill stand with the vatican and fukk the muslims!!!”
    was as far as I can tell a direct quote, the one who posted it know who they are.



    Let this be a place of enlightment, not darkness, and a place of exchanging ideas not a place that mutes ideas.


  28. Evolutis says:

    @Ricin3000 … thankyou

  29. Bonn says:

    India still here
    Astroid missed us !!!!!!!!!!!!!!!
    Hic πŸ˜‰

  30. Bonn says:

    based on this Earth Is Not Orbiting The Sun
    We aint Alone and someone destroyed that Astroid I think
    The planet is movin through such a Violent path …its mind Boggling !!!
    Hic πŸ˜‰

  31. Bonn says:

    the Sheer speeds invlinvolved in planetary movements means we all broke the Sound Barrier the Second we were Born
    Hic πŸ˜‰
    Chuck Yeager Eat DusT !!!!!!!!!!!!!!!!!!!!!!!!!!!

  32. swell says:

    @Renegade Republican:

    Thanks for that info.

  33. Jayme says:

    “As control, theories would have it; if you can control all starting points you can control the entire network.” – Evolutis

    This is true for a deterministic system if it can be isolated, all initial conditions defined, and that no uncertainty or noise (no externalities) exist. Truth is, not even the ‘controllers’ are external to the system.

    Tal Wilkenfeld – Cosmic Joke

    MUTEMATH – Chaos [OFFICIAL VIDEO] (this video has a commercial)

  34. snoop diddy says:

    Rep. Joe Walsh (R-IL) melts down, yells hysterically “don’t blame banks!”

  35. snoop diddy says:

    another Republican who cant understand the meaning of the word fraud.

  36. snoop diddy says:

    ROFL – Max has pubic lice and intends to spread it…
    Max Keiser: Time to Get The Hell Out of Dodge! 1/3
    full 1 hr 8mins vid of mock Goldman trial
    Cornel West Chris Hedges at Goldman Sachs Mock Trial Occupy Wall St Nov 3 2011 people’s hearing

  37. snoop diddy says:

    Naomi Klein at Keystone XL protest November 2011
    William Black and Richard Sheer feature in this clip – Occupy_LA-Nov 5th-H.264 LAN.mov
    Michael Hudson: A public option in banking will be a structural answer to the power of finance

  38. Bonn says:

    Red Hot Chili Peppers – Dani California [Official Music Video]
    PS. Read the Comments the first two
    Hic πŸ˜‰

  39. kdt says:

    @bonn einstein was full of crap as it turned out. too bad tbtf invested so much money trying to prove it true. this mess started when einstein quantafied the speed of light (betheen here and the sun only)then tryed to say nothing could go faster, this is where it went side ways, and the fact that we have no clue what makes gravity is part of the reason. so a pissing contest started up with everyone telling him gravityHAD to work instantly to keep us in orbit around the sun. wich did shut him up for a bit just long enuf to think up” mass warping space” and” gravity waves ” (when you dig in to it, it sounds like a kid describing the stars as “holes in a blanket”) newtons original equations work better and he had the humility to point out that he had not clue one , what he was measuring , “i make NO hypothisis” but here , you can aim your cannons now, im going back to alchemy!! the problem is that the orbital models like what you are posting show why gravity has to act instantly ( the sun is moving wich means when we orbit we need to follow the sun as it moves, as the model shows the solar system runs around the suns equator with no “lag” to show the delay as gravity waves travel slower than light) there is no part of relitivity that has been shown to be true in any lab of any sort , cern was a waste of money as it is yielding little to no new data and they were looking for the higgs boswhateverthehell partical not trying to break the speed of light barrior but some how they put a positive spin on it, like it some how suports relitivity, in spite of it contridicting what einstein said in the first place. on top of this “red shift ” as a measure of distance is out the window (damn those quasars and there companion galaxies) so they have no real idea how far it is to any thing , so much for elwin hubbles theroy, speed of recession is kind of required for an expanding universe, so there goes the big bang( sorry mr pope no, let there be light moment) it was like once science got around religion they just reinvented it with them selves as the new preisthood” lol humans what can you say, are we too proud or just too stupid to admit when we dont have a clue.

  40. Bonn says:

    ….lol humans what can you say, are we too proud or just too stupid to admit when we dont have a clue.
    We don’t Have a Clue
    Amen !
    thanks fer feedback !!!!!!!
    Hic πŸ˜‰

  41. kdt says:

    also bonn vandenburg dose not launch to those orbits they specilize in polar orbits .they would need to launch east over land to get that far from the earth in the right direction . it would need to go from the cape like a moon shot.

  42. Bonn says:

    @ KDT
    that motion would also Explain Summers and Winters !!!!as the Earth trys to Catch up with the Sun ……….
    Where’s me noble Prize in Journalizm !!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Hic πŸ˜‰

  43. Dave says:

    Fucking brilliant episode

  44. Bonn says:

    Must be Funny how all the planets must be thinkin …about the Sun ….”Where the Fook ya takin Us ?”…and the Suns like “Hold on to yer Knickers !!!!!!!!!!”
    Hic πŸ˜‰

  45. Angelo says:

    @kdt, such a pessimist….
    “….lol humans what can you say, are we too proud or just too stupid to admit when we dont have a clue.”
    Didn’t Socrates or Lao Tsu, admitted this years ago? πŸ™‚

  46. Bonn says:

    New CPR technique revives man after 63 minutes without pulse (3:49)
    Oct. 27 – The rules of how to treat cardiac arrest are being re-written at the Mayo Clinic in Minnesota. Technology, new drug treatments, conventional CPR and the use of hypothermia are now being coordinated with great affect – in one case reviving a man who’d been clinically dead for more than an hour
    Wonder what he saw was it like Steve Jobs Oh Wow Oh Wow Oh Wow….

  47. kdt says:

    @ bonn lol the sun and the rest of the milkyway are asking the galictic core the same question and are geting the same answer

  48. steveosilver says:

    @Bonn thank you for mentioning my magnets.
    whats the opposite of north and south?
    Its equilibrium.
    Whats the opposite of that, lol.
    Look to the bloch wall for the answer, EMC2, they all combine.

    Ed leedskalnin did it, now its time we do it.

    Then there is daniel.

    Love and gratitude

  49. Bonn says:

    I suspect we are eternal and our human Body is a Space suit …..
    as was in a case of a UFO abduction ….where the Soul was put in a Container aboard the Space craft ….and then re-put into the Body after some Examination / tinkerin….
    what happened is that they left the Bloke in the middle of the Road and he Got run over cause he was dazed after the Abduction …died instantly …So the UFO came back and Fixed him up ..on Board …
    lost the Link of that story …..
    Hic πŸ˜‰

  50. Bonn says:

    Hey Today is First-Ever Nationwide Test of US Emergency System on Nov 9th
    the Blokes are still Sleepin I guess !!!

  51. Bonn says:

    Chinese-Russian Fobos-Grunt Launch to Mars 萀火一号发射
    Where did that Chinese come From
    Hic πŸ˜‰

  52. Bonn says:

    Found this Nearby
    Gravity (1of2)
    International Space Centre

  53. Youri Carma says:

    Eric Sprott talks to James Turk in Munich http://www.youtube.com/watch?v=EzsER-T-QPU

  54. Keehotee says:

    Greek crisis reaching very high levels..


  55. Youri Carma says:

    Italy’s unlucky No. 7%

    Is there any real science behind that 7% figure?

  56. Bonn says:

    Coast To Coast AM – 8.11.2011 – 1/4 – Natural Medicine Under Attack
    Guests: Ty Bollinger, Dr. Michael Farley, Jesse Ventura
    Hic πŸ˜‰

  57. Neville Bartos says:

    ‘Fannie Mae, the US-controlled mortgage financier, will request an additional $7.8bn from taxpayers after soured derivatives bets caused the company to record a $5.1bn quarterly loss.’


  58. Youri Carma says:

    HSBC profit rises after accounting gain

    HSBC’s third-quarter profits doubled to $7.2bn (Β£4.5bn) after the lender booked a $4bn gain against the value of its own debt , demonstrating the skewing effect that controversial accounting rules have had on the latest round of bank results.

    Stripping out the gain, underlying profits at HSBC were actually down $1.6bn compared to the same period in 2010 at $3bn, as the bank was hit by a fall in revenues in investment banking and new impairments in its North American business.

  59. SilverPorno says:

    Worldwide Markets Collapse Following Italian Bond Margin Hike


    You missed one Youri!

  60. snoop diddy says:

    unfunded liabilities…
    If you thought Italy was bad…
    Italy’s finances look shaky but some of its neighbours in the eurozone – and the UK – might be even worse off

  61. donk says:

    Alabama couple sentenced to 45 years in prison and fined $2.25 million for renouncing their US Citizenship and requiring tenants to pay rent in silver coins.

  62. Youri Carma says:


    I leave those so-called ‘Inkoppertjes’ -‘Easy Goals’ for you and M&S πŸ˜‰

  63. snoop diddy says:

    CNBC – Jim Rickards on Currency Wars

  64. Youri Carma says:

    Worldwide Markets Collapse Following Italian Bond Margin Hike

    And Now: France

  65. SilverPorno says:

    Gee thanks Youri. You’re too kind!

    Mind you, that France one should have been left for us mere mortals to post up too. You’re getting greedy!

  66. Youri Carma says:


    Wouldn’t say greed is good but good greed is good!

    Money is bad greed as tool to merely power buggung society down. Good greed builds society by new inventions and eagerness to hekp society up not down like the banksters.

  67. Al Kyder says:

    @ donk


    Not even the Nazi’s in Queensland would extradite a murder suspect their. They claimed it was inhumane.

  68. snoop diddy says:

    The Euro is like one of those crappy plastic above ground pools that eventually burst when they’ve spent far too many seasons in the sun.

  69. Bonn says:

    Seee what happens when ya invade a Country
    Iraqi Scientist Proves The Earth Is Flat and Much Larger than the Sun
    Man if Saddam Hussien got his hands on a Nuke and wanted to use it agaist its neighbours he woulda Blown himselve up !!!!!
    Hic πŸ˜‰

  70. snoop diddy says:

    Max is giving away silver in another thread for the 1000th post there:
    “I think that sneak peak looks awesome and for comment no. 1,000 on this post I’ll send you a Silver Keiser 1 Oz. silver bullion coin!!!!”

  71. Evolutis says:

    … Stupidity is more plentiful than hydrogen
    Answers, my, my such a fixation; does anyone else out there find answers to be some what β€œdud like” … like a dead end street; limited function and fuck all new, to see, to hear, to smell, to taste, to touch. In a world crazy for answers. β€œwe line up to go crazy.” Our years β€œin monetized school” set us up for conditioning to having the β€œanswers”; and for all you little boys who never combed your hair, β€œlets us brand you with ADHD!” … Pass the (Ritalin, MPH) a psychostimulant drug. School is a monetary, encroachment on education; little boys are canaries in the coal mine; the methane of an unnatural monetary hinderance presents…little boys spot the malfunction; but we have a wrongheaded “answer”; we believe in the monetary religion. Why is that?

  72. kdt says:

    on top of an idotic judge deciding that the gov. can force me to take out bets against my own health(obama care) we get this bull shit!


    what kind of retard thought this up who ever it is needs to be publicly burnd in a pile of dryed out old christmass trees, these ass holes are skimming off our fucking holidays to pay them selves more at a point in time when most of the people in this country will be having a hard time buying christmass trees or preasents at all!!
    ron paul is absolutly on the mark about geting rid of these leaches it is not the republicrats we need to get rid of it is the career bureaucrats who think they “own” us as a food sorce , and the attude we get from these nonproductive idiots, is that WE need them some how, and they are entitled to bleed us to compensate themselves for there trouble. when they could not hold a real job WORKING for a living like the people they rape when ever they want more money!!

  73. SilverCondom says:

    This is basic/ordinary arab racism.
    STFU Bonn.
    Stop drinking, be sober, you’ll be a better person.
    The only terrorists on the planet are the western regimes along with their illegal entity in the ME: Israhell.

    Stupidity is not only an Arabic/Muslim characteristic.
    All religions lead to this kind of BS including Christianity, Hinduism, Buddhism, Communism, Capitalism and other silly fairy tales.
    It is highly probable that these idiots in Irak were inspired by american creationists.
    The US is spreading its values in Irak after all. Not the other way around.

    Check out the creationist museum in the USA:

    Stupidity a-la-USA:

  74. kdt says:

    @AL Kider that is a federal prosicution nothing to do wiht alabama, not that that changes any thing in alabama , but wernt both queensland and alabama penal colonys? i feel this history has a lot to do with what is WRONG to this day in the deep south . i would not go there on a bet !!they can keep that whole area to them selves when i here banjos playing i run the other way !!

Watch the latest Keiser Reports:

Buy Gold Online
Buy Gold Online