[KR215] Unemploy Wall Street!

We discuss unemployed Wall Streeters looking for financial firms that practice ‘integrity and honesty’ and hedge fund managers crying ‘boohoo’ that JP Morgan has seized their MF Global funds. In the second half of the show, Max talks to Danny Schechter about plunder, the crime of our time, inspiring an economic justice movement.

285 comments on “[KR215] Unemploy Wall Street!
  1. I_Cant_Believe_Its_Just_a_Dip says:

    Crowds greet Venezuela’s gold as it begins trickling home,
    http://www.gata.org/node/10706
    Did u guys see this spherical drone reminds me of the guard drones in star wars(repost), cool how it can move on the ground.No doubt it will be used by the dark side for ill purposes.
    http://beforeitsnews.com/story/1360/669/Future_Of_Drones:_Light,_Mobile,_High_Speed,_Ground_Movement_Capable.html
    Anybody out there? Apparently they been trying to decode these signals for decades (check out the interesting PDF file download link)
    http://beforeitsnews.com/story/1424/136/Major_US_Intelligence_Agency_Reveals_ET_Contact.html
    @ronron, I agree

  2. Jayme says:

    ronron – Yes, gauging the degree to rebel is a fine point. Too much wild and they put you down, too little wild and they think you’re a dog. :-)

  3. Watch says:

    @ ronron | November 28, 2011 at 1:31 am |
    @Jayme. take a 30000 dollar mortgage from a credit union. can you pay 220 per month standing on your head? if so, buy silver and wait. you will win. make sure you can do this without any other bills going late. zero leverage. use it.

    That would be so Great if it could be done,
    If you are over mortgage, and the House Sales are down, like 50%. Very difficult to refinance for some Silver.

    Which Bills you chatting about?

    You not watching the Grey Cup ?

  4. Jayme says:

    @I_Cant_Believe_Its_Just_a_Dip

    #OccupyAirSpace: – Protesters Launch ‘Robokopter’ Drone
    http://www.youtube.com/watch?v=yTQ3uijvG8o

  5. ronron says:

    @Watch. if Jayme owns his house and can easily cover the payment? he would be nuts not to get the black friday sale on silver. http://www.youtube.com/watch?v=hxIuIxqo2So

  6. Jayme says:

    for the record – I ain’t nuts. :-D

  7. ronron says:

    say silver goes to 60 bucks in a year? you borrowed 30000 at 220 per month. do the fucking math. say silver goes to 42 bucks. still big money. 38 bucks?

  8. ronron says:

    @Jayme. sorry to talk behind your back. ;-)

  9. ronron says:

    you can’t fucking lose.

  10. ronron says:

    you break even in one year of borrowed money you can service with silver at 35 fucking dollars. you think silver will be 35 fucking dollars in one year?

  11. ronron says:

    you fucking idiots are spending 220 a month on cell phones. get with it, for fuck sake.

  12. ronron says:

    and you can,t buy silver on the phone. so fuck off.

  13. Watch says:

    @ ronron | November 28, 2011 at 2:58 am |
    you can’t fucking lose.

    Sorry to fucken Intrude !!

  14. I_Cant_Believe_Its_Just_a_Dip says:

    @jayme, good countersurveillance, btw if you do buy a lot make sure its on a dip,like now,silver is almost the same price as it was last february, I for one can’t see that lasting long.Mike malony said he buys silver as a hedge against gold (getting confiscated), personally I think gold is a hedge against silver not doing what many of us around here expect it to do(because its so god damn manipulated!)
    @totalcollapse, is it time for the gov’s to put their tasers, sound cannons, handheld microwave weapons and other sundry items on over night charge just in case?

    Some music,
    http://www.youtube.com/watch?v=CWUW2Vcb_-k
    http://www.youtube.com/watch?v=bFKgtD_rgBI&feature=fvst

  15. ronron says:

    @Watch. no fucking problem, glad you did. thanks. :-)

  16. ronron says:

    if you throw away your cell phone? more silver and pussy for you. girls like a man with no phone, and silver bars.

  17. Jayme says:

    Black Sabbath – Paranoid / 1970 HQ
    http://www.youtube.com/watch?v=o3UrEEQBQkY

  18. Watch says:

    I don’t use a cell phone for texting!!!

    Used as a fucken phone… calls.

  19. I_Cant_Believe_Its_Just_a_Dip says:

    http://www.silverbearcafe.com/private/11.11/mandrake.html
    ”The Mandrake Mechanism by which the Fed converts debt into money may seem complicated at first, but it is simple if one remembers that the process is not intended to be logical but to confuse and deceive. The end product of the Mechanism is artificial expansion of the money supply, which is the root cause of the hidden tax called inflation.”

  20. Youri Carma says:

    If Lloyd blankfein’s doing “God’s work”

    ‘God Must Be A Boogie Man’ http://www.youtube.com/watch?v=cZeyIbcsuPE Joni Mitchell

  21. I_Cant_Believe_Its_Just_a_Dip says:

    The first modern crusade

  22. SilverMarks says:

    @ Mark Lytle
    I hope your right about the military. This is what I could find of the public discussions about S. 1867, the National Defense Authorization Act bill.

    Congressional Record Volume 157, Number 156
    (Tuesday, October 18, 2011)
    DEFENSE AUTHORIZATION

    Mr. GRAHAM.

    Senator McConnell is absolutely right. Not only does the Senate not
    have a say on what would be the way forward for our detainees, the men
    and women in uniform, the CIA operatives taking the fight to the enemy
    do not have the tools they need because of one area of this
    legislation. It would be a national tragedy if we could not pass this
    bill, which is sound to its core in all areas, because the ACLU doesn’t
    like what we have done on detention.

    http://www.gpo.gov/fdsys/pkg/CREC-2011-10-18/html/CREC-2011-10-18-pt1-PgS6628-2.htm

    Predator Drones: Joking over innocent deaths?
    by RussiaToday
    http://www.youtube.com/watch?v=sTHrjfZ12Hw

  23. swell says:

    Lauren Lyster hints that Jim Rickards could be on Capital Account again this week.

    http://img39.imageshack.us/img39/7457/12719763.jpg

  24. Apocalypto says:

    @ronron

    “if you throw away your cell phone? more silver and pussy for you. girls like a man with no phone, and silver bars.”

    Then why are you still a virgin? :D

  25. Bonn says:

    Slow News day …other than the Saber rattlin goin on B/w USA n Iran …..
    Whos Quarter is Endin ???
    Wheres the Fire werks ???
    Hic ;-)

  26. Youri Carma says:

    Wonder What Would Alice In Wonderland Say To The Vampire Squid? by Youri Carma

    It’s only very logical that in the end Germany’s triple-A status would be challenged when implying to be the ‘lender of last resort’. First Germany and the like were laughing and pushing Greece around cause as long as the money streams were diverted into the big banks the show could go on.

    But now they’s not laughing anymore because now it has become crystal clear to everyone that EU’s total debt impossibly can’t be payed by Germany alone. Even less so now Europe’s economical situation is deteriorating rapidly. Also because of insane austerity measures which do not only not work but accomplish exactly the opposite in causing a sharp economical downfall in an increasing ‘debt spiral’. We don’t have to quess anymore what that looks like because that’s exactly what has happened to Argentina before and we’re seeing exactly the same happening now in PIIGS.

    Soevereign debt rollovers are no longer possible at a low prices while tax money income dries up in a totaly sqeezed private deleveraging debt hole further battered down by high inflation numbers mainly trough high sustaining oil prices which affects almost everything including food. All in all the ECB would need around an estimated 6 trillion to accommodate their imediate and inter-imediate funding needs. One can imagine that this is a very dead street the ECB would be turning into because debts which can’t be payed won’t be payed even if you’re called ‘Germany’.

    So the best way would be to have a very close look at the debt substance in order to wipe out most of the interbank crosslinked bogus derivative debts which were mainly induced by fraud. Remember that the Dutch Tulip Mania finaly ended by judges declaring that they regarded the debts as contracted through gambling, and thus not enforceable by law. The Dutch Tulip Mania allready happened in in the year 1637 mind you! I merely want to point out that there’s noting new to be found under the sun here.

    People finaly have to realize how this game is laid out. People have been brainwashed into the false idea that we actually have to stand for their by fraud induced debts. Once you believe that you’ve got to realize that the banksters realy got you by the balls. And so that’s exactly the reason why they eventually will go down, the hubris, envoked by people who realy believe these fairy tales. To them I like to say: “Welcome to Alice in Wonderland.”

    The idea is that politicians will always follow the way of the less resistance meaning: They eventually will print like crazy cause, after all, they seek imediate political satisfaction. Politicians who see the future as the next nasty round the bigot block which they might not survive this time. OK sofar I follow this idea but is this actually going to be the final outcome? In other words is Germany realy going to ‘Jump the Shark’ again by printing?

    Goldman Sachs and it’s European hacks, who are fond of volatility so they can sell more of their CDS’s insurance products to Europe, are greatly pleasured by the massive printing idea.Who cares about inflation flushing the real economy down the drain? If Lloyd blankfein’s doing “God’s work”, God defenitely must be ‘A Boogie Man’ The cynical fact of the matter with these banksters is that nobody has to burn them down since the system is created as a selfdestructive device by these masters of the trillion dollar derivative universe. So kick back and enjoy the view of these suicide banksters burning themselves down to the ground. Unfortunately they are not the patient, we are. They are the cancer infecting the real economy and sucking it dry with their bogus derivative debts.

    So maybe many finaly come to the crystal clear workable solution like calling void all bankster bogus derivative debts. Because paying off these trough fraud induced debts have become a technical and practical impossibility. It’s impossible to find a concensus for tax money to be spend in paying of fraudulent, essentially gambling, debts let alone higher them because they comitted even more fraud and need more money. Such an unequilibrium is unsustainable in the end. Everybody can see that and that somthing has to be done by somebody to drasticaly decrease the final debts in the system after which it can be restarted with a fresh and cleaned up balance sheet.

    A restart is defenitely required by which sustainable economical growth is actually possible and not some wet Goldman Sachs’s American psycho ‘God complex’ dream with chainsaws and loads of red ink down the white. “Why!??” : I ask the vampire squid: “Simply because I am a vampire squid and that’s what vampire squids do.” Wonder what Alice in Wonderland would have said to the Vampire Squid?

  27. Jayme says:

    What if Jefferson was right?

    “The Judge” Tells It Like It Is
    http://market-ticker.org/akcs-www?post=198166

  28. Mark Lytle says:

    @silvermarks

    I’m pretty sure the returning veterans from Iraq and elsewhere, coming back to a jobless future, many with physical and mental impairments, will end up in one of the OWS movements. This should be one of Wall Streets worst nightmares because of the PR it will generate for the protest movements….this is my belief, anyway…

  29. Jayme says:

    I think Mark Lytle is right. One of the problems with bringing the troops home is that many of them may end up in the unemployment line. Where better to spend their time than occupying their homeland to make it a better place for their families and children?

    The Bureau of Labor Statistics puts the unemployment rate above 12 percent for veterans of recent wars, more than 3 points higher than the civilian market.

    Congress offers a helping hand with the American Jobs Act
    http://www.citizentribune.com/?p=2889

    The American tradition of civil disobedience is considered domestic terrorism by those in authority. Our beloved protectors in the Orwellian named Department of Homeland Security write reports classifying Ron Paul supporters and returning Iraq veterans as potential terrorists.

    COMFORTABLY NUMB
    http://www.theburningplatform.com/?tag=shadow-stats

    DHS TERRORIST WARNING: Returning Vets, Constitutionalists, Pro Lifers, Ron Paul Supporters, etc
    http://www.youtube.com/watch?v=fwJb5pbWhe4

    Incidently, OWS is probably one of the very few places where the homeless can find representation. They certainly aren’t represented at the voting booths.

  30. Al Kyder says:

    Thanks Youri Karma

    Nice read / summary.

    Its looking like the ball is rolling in Sth East Asia, teams of people out calculating the true value of things, they are getting ready for a re-evaluation of everything. The end is nigh Youri :)

  31. Mark Lytle says:

    Nostalgia. For Max and Stacy.

    Many, many years ago, in a time not so different from now, but, in many ways very different indeed, a very much younger version of myself was watching a popular variety show at the time. It was called The Smothers Brothers Comedy Hour.

    http://en.wikipedia.org/wiki/The_Smothers_Brothers_Comedy_Hour

    This was an island of humor and sanity during the steady drumbeat of the Vietnam War, perhaps the first war Americans ever questioned.

    During one of those shows in 1969, near Christmas, this absolutely charming video was shown:

    One Tin Soldier – The Original Caste [Original]

    http://www.youtube.com/watch?v=cTBx-hHf4BE

    This is an absolute animation and musical classic of that era.

    The message is as fresh and innocent now as it was in 1969.

    Enjoy!

  32. sdm says:

    Great show Max and Stacy!
    Back in 2007 I sent you guys an email with a copy of a CIDEI working paper written by Marcello De Cecco in the 90′s called “The Lender of Last Resort”. The last two pages of the article (written before the EMU) outline exactly what is going on today in Europe.
    http://w3.uniroma1.it/cidei/wp-content/uploads/working_papers/cidei49.pdf

    Keep up the great work!

  33. Mark Lytle says:

    Fund manager: US Treasurys not worth the risk

    http://barchart.com/headlines/story.php?id=2239468

    Excerpt:

    NEW YORK (AP) — The world’s bond buyers have turned on Europe’s deeply indebted governments and fled to another deeply indebted government across the Atlantic — the U.S. As a result, U.S borrowing costs have plunged to historic lows while rising rates in Europe have many worried about a catastrophic financial crisis.

    The European debt crisis has made the U.S. Treasury market the world’s most popular spot for bond investors. But Kathleen Gaffney, co-manager of the $19.1 billion Loomis Sayles Bond fund, refuses to join them.

    Gaffney concedes that over the course of a few months or even a year, it might look like a bad move. The Loomis flagship fund dropped 5 percent in the three months starting in July, while the benchmark bond index gained 3.8 percent. Like bond giant Bill Gross at Pimco, she avoided U.S. government debt and refused to follow the rest of the world into Treasurys this summer. The Treasury rally has pushed the Barclay’s index up 7 percent this year, compared with her fund’s 3 percent gain.

    But Gaffney is used to getting the big picture right. The $19.1 billion Loomis Sayles Bond fund she helps manage has rewarded investors with an average 10 percent return each year for a decade. Morningstar and Lipper both rank it in the top tier of bond funds.

    Q: If you could go back in time and get a chance to do it all over again, would you load up on Treasurys and sell them back to everybody else in August?

    Nope. Not at all. We’re not trying to win a popularity contest. It’s really about the yield. You’ll never get good long-term returns if you park your money in bonds paying less than 2 percent. The best way to have success is to follow your long-term perspective.

    Q: So how much in Treasurys do you hold now? Your benchmark index is about 50 percent Treasurys.

    We have no Treasury position in the fund. None of any kind. It’s been that way since March. They’re the least attractive asset class for the long term. They’re return-free (they pay less than the annual rate of inflation). They’re also very risky because rates will eventually go up.

    Q: How do you replace U.S. government bonds?

    The alternative that we’ve found is Canadian government bonds. They make up about 9 percent of our fund. It’s a deep market. But it’s really the natural resources that we like. Countries that export natural resources such as oil and metals are tied to rising commodity prices. They can protect against inflation. We also like Australia and New Zealand. Like Canada, their government budgets are in sound shape. And they export more than they import.

    Q: Will the Congressional supercommittee’s failure to reach an agreement on $1.2 trillion in budget cuts affect the Treasury market? Automatic cuts are supposed to start in 2013, but some Republicans have said they’ll try to stop that from happening.

    The concern is what do they do now. I think Congress is going to find a way to repeal the automatic spending cuts. The rating agencies would not look kindly upon that. We’d be looking at another downgrade for U.S. Treasurys. After the downgrade from S&P in August, Treasurys continued to act as a safe haven. This time the market may not be as kind.

  34. MirrorMirror says:

    .

    Dan Hannan :

    EU Survey shows the cost of European Regulation

    COSTS : 600 Billion Euros / YEAR

    BENEFITS : 120 Billion Euros / YEAR

    http://www.youtube.com/watch?v=Q0zQNrtY9rM&feature=g-all

    .

  35. MirrorMirror says:

    .

    This from Obama : “PROLONGED DETENTION”

    Rachel Maddow on Obama’s Indefinite detention ideas 5-21-09

    http://www.youtube.com/watch?feature=player_embedded&v=L8J_lcHwkvc

    .

  36. gold bullet says:

    EU Slavery: Media hiding truth about debt crisis

    https://www.youtube.com/watch?v=Gvgae3re58s

  37. gold bullet says:

    ”Prince William saves Russian sailors”

    http://rt.com/news/william-russian-sailors-rescue-331/

  38. snoop diddy says:

    When a nations pollies wants to continue to join the EU even at this stage it is a bit obvious it’s a political gravy train.

  39. gold bullet says:

    @snoop diddy

    No shit! :-)

    The gov presents to us, The People, that joining the EU will somehow solve all of our problems, but the reality is, and the people of Serbia are increasingly seeing this, that joining the EU won’t solve shit.

    Besides, EU officials have told us that we won’t join at least until 2020., by which time I suspect the EU will be long gone.

  40. MirrorMirror says:

    @gold bullet … “2020., by which time I suspect the EU will be long gone”

    Maybe Wolferl too ?
    ;-)

    ( he just loves the idea of the EU )

  41. gold bullet says:

    ”US govt demands Wikileaks destroy all files about them – Assange”

    https://rt.com/news/us-wikileaks-assange-summit-371/

    @MirrorMirror

    Nah. :-D

    I did also believe in the idea of the EU back in 2008. when our last elections were held (I was 19 at the time and voted for the first time), but since then I have become a eurosceptic.

  42. Wolferl says:

    @ Mirror

    In 2020 i´ll be 51. I hope i´ll not be gone then. ;-)

  43. gold bullet says:

    UK on the brink of double-dip recession, warns OECD

    Thinktank cuts growth forecast for UK following austerity measures and says unemployment could rise to 9.1% by 2013

    http://www.guardian.co.uk/business/2011/nov/28/uk-double-dip-recession-oecd

  44. trooper dave says:

    As the system collapses the people who thought they were sitting pretty, or comfortably safe, or not struggling enough to take any heed of the OWS message of we are the 99% will start to realise they too are soon to be, going to be, next in the firing line of affected, raped and robbed by this system. Then the light will dawn and they will think “maybe I shouldn’t have believed fox news when they told us these OWS people were stupid, lazy hippies who want everything given to them. I now see that the OWS were astute, thinking people who didn’t want everything stolen from themselves and everyone else

    As the saying goes; when the death squads came for others I did nothing as I was not in those groups, when they cam for me, my shouts and cries went unheard as there was nobody left.

  45. What-me-worry? says:

    At this stage every gubment move is protracted. Innocence lost.

  46. What-me-worry? says:

    @trooper dave – you said it better.

  47. Bonn says:

    Report: Bush Told French President Jacques Chirac That Iraq War Was Biblically Ordained With Story of Gog and Magog
    Bush lobbied French President Chirac that the war in Iraq was foretold in the bible and told that it was the final struggle with Gog and Magog.
    The magazine quotes French sources as saying that Chirac was so confused by the conversation that he reached out to Thomas Römer, a professor of theology at the University of Lausanne to try to figure out what Bush was talking about. This report is supposedly confirmed in Chirac’w own book.
    According to the report, Bush lobbies Chirac in 2003 with quotations from the Book of Revelation and told him that the Biblical creatures Gog and Magog were at work in the Middle East and how they must be defeated
    Chirac recounts that the American leader appealed to their “common faith” (Christianity) and told him: “Gog and Magog are at work in the Middle East…. The biblical prophecies are being fulfilled
    Bush’s Shocking Biblical Prophecy Emerges: God Wants to “Erase” Mid-East Enemies “Before a New Age Begins”

  48. Bonn says:

    Well I was listenin to this
    And I was like WTF
    William Henry Lost Symbols Pt7

  49. What-me-worry? says:

    One of my turns coming on…….. “I am being prosecuted for not cooking the books,” Mr Georgiou told the Financial Times. http://www.cnbc.com/id/45458728

  50. What-me-worry? says:

    “Unfortunately, in Greece statistics is a combat sport.” lol

  51. snoop diddy says:

    @Bonn
    omgGogMagoglol

  52. MirrorMirror says:

    .
    DAX UP 230 ?
    DOW DOWN 230 ?

    That’s new !
    ;-)

  53. Bonn says:

    @ Snoop Diddy
    there are romours that that there was some kind of Ark of the Covenant Device was burried in Babylon artifacts ….and Bush was worried that Saddam might Discover it …too bad Saddam had no Idea what Bush was after …..
    Hic ;-)

  54. snoop diddy says:

    @MirrorMirror
    it’s another sign of GogMagog! lol

    Greg Palast – Vulture’s Picnic

  55. snoop diddy says:

    @Bonn,
    Bush thought it was a win-win, if it wasnt there at least lots of oil under Babylon too!

  56. evolutis says:

    Great show Max/Stacy/thank you …

    Bankers talking amongst themselves … to set up the right ambience, U may want to put on a black tie. Several pages in, the speaker … drones on to “We as central bankers”

    “There is, regrettably, no simple model of the American economy that can effectively explain the levels of output, employment, and inflation.
    … In principle, there may be some unbelievably complex set of equations that does that.
    …But we have not been able to find them, and do not believe anyone else has either. ”

    This is jazz – “economic babble” … So, we play what isn’t there.
    * does this give you the uneasy feeling, that these fuckers’ have absolutely no clue; they are way beyond their limitations?
    *As I see it what is not here is a sense of outrage that so many lives world wide depend on there being “a simple model” …

    This is your monetary religion, in a nutshell and you have just overheard babble, amongst the high priests. After 3,500 years still no clue. Let the triage begin!

    Exhibit: quote from Old [ asleep at the switch Greenspan ] 1996

  57. Specky4eyes says:

    Did I just hear Osborne say he was going to use pension funds to invest in infrastructure?

  58. MirrorMirror says:

    HERE IS YOUR ONE WORLD CURRENCY ON THE WAY :

    “The Federal Reserve needs to buy up every single European bond owned by every single American financial institution for cash,” he said.

    The Fed could buy €2 trillion of EMU debt or more, intervening with crushing power.

    http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8918784/Should-the-Fed-save-Europe-from-disaster.html

    Basically, the FED will “own” Europe soon.

    Dastardly Plan !

    Combine that with Obama’s recent “PROLONGED INTERNMENT” announcement and everything else that goes with it ( like extradition of European citizens to the US as well ) … and you have the final picture painted.

  59. Bonn says:

    ANUNNAKI Coming Back. Ancient Technology: The E.T. Connection
    Just postin Stuff again fer the newbees
    lolz
    Hic ;-)

  60. Wolferl says:

    @ Mirror

    Not even the Bernank is so stupid. Cause in this case Europe will own the FED. And this means the US. Please, please, Benny, do us the favour and buy Euro bonds from PIIGS countries. And kill the Dollar.

  61. evolutis says:

    @Bonn … thank you/interesting … perhaps the powerful belief in the hinderance, of money has held us back from claiming a birthright of putting together a pyramid[to spec] over the last few thousand years. Is there any evidence that nature decreed that you must “believe” in order to prosper?

  62. Bonn says:

    @ evolutis
    There is more Stuff I use to post ….but then again Max n Stacy’s have stopped the Jibber Jabber threads Where I use to go all out n post this stuff …..I guess theres a lot happpenin now with the in eveteble Finincial Meltdown

  63. Bonn says:

    Also u’ll Find most of the Stuff @ DOH !!!!!!
    lolz
    Hic ;-)

  64. Bonn says:

    @ snoop diddy
    I think there were at least 3to 6 Arks of the covenant ….if not more ….
    One is definately in Ethopia , one is there in the Vatican ,one is in Mecca I guess ….And I think in Egypt and another one in South America thats frm me research
    Hic ;-)

  65. Bonn says:

    I guess everyones watchin me links
    Lolz
    Hic ;-)

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