[236] Keiser Report: Wall Street Gangsta!

We discuss corruption with a clean face and Jamie “Spaghetti Face” Dimon. In the second half of the show, Max talks to investment adviser and blogger Michael Krieger about Ron Paul, the Fed and political futures.

246 comments on “[236] Keiser Report: Wall Street Gangsta!
  1. Mary Genoud says:

    Dedo try a brain cap; this response is only related to the most plentiful energy resource, coal from US EIA 2007 statistics. ‘According to the World Coal Institute, 2007 statistics, at current rates of production global coal reserves are estimated to last 147 years, which is in contrast to global oil and natural gas reserves estimated at 41 and 63 years respectively based on current consumption. Coal generates 40% of the world’s electricity and 25% of its primary energy needs. Approximately 13% of the total coal production worldwide is use by the steel industry.
    From the World Coal Institute 2006 statistics: Producers, Exporters.
    2006 Proven recoverable national reserves: Wikipedia
    (Mt-millions of tonnes)

    Producers Exports Recoverable Reserves
    USA 990Mt 45Mt 246,643Mt
    India 427Mt no statistic 92,445Mt
    Australia 309 Mt 231Mt 78,500Mt
    China 248Mt 63Mt 114,500Mt
    South Africa 244Mt 69Mt 48,750Mt
    Russia 233Mt 92Mt 157,010Mt
    Indonesia 169Mt 129Mt 4,968Mt
    Poland 95Mt no statistic 14,000Mt
    Columbia 64Mt 60Mt 6,611Mt

    Total: Worldwide: 909,064Mt
    In addition, there was a recent discovery in the Thar region of Pakistan of nearly 185 billion tonnes. This figure does not reflect recoverable quantity.

    Countries heavily dependent on coal for electricity generation:

    Poland 93% Israel 71% Czech Rep 59%
    S.Africa 93% Kasakhstan 70% Greece 58%
    Australia 80% India 69% USA 50%
    PR China 78% Morocco 69% Germany 47%

    The abundance and availability of coal has led many in the energy industry to believe that coal was immune from supply instability. However, over the past year, there have been a number of events worldwide affecting supplies. Australia had flooding at major mines dramatically stunting exports to Asia, South Africa curtailed exports to Europe after experiencing power shortages, Russia experienced rail-car shortages for exports, Japan has significantly increased imports following earthquake damage to a nuclear facility, India, in spite of large reserves has increased imports and Indonesia has increased domestic use thus curtailing exports. This past year China has closed several mines and suffered one of its worst winters in 50 years. The coal mines closing have reduced China’s coal exports of 80Mt, which represents approximately 12% of the internationally traded market. http://www.peakenergy.com/2008/02/coal
    The price of coal has risen from $30 per short tonne in 2000 to $123.50, June 25th, 2008 Bloomberg/ real time rate.
    Coal is primarily used as a solid fuel to produce electricity and heat through combustion. Furnaces convert boiler water to steam which turns turbines to create electricity. The most advanced power plants are 35% efficient, with 65% of energy heat wasted and released into the environment.

  2. Youri Carma says:

    S&P Says Greek Default Imminent

    ECB Gas Given Up On Portugal
    Portuguese 10Y bond spreads to bunds just broke 1250bps, +180bps on the day and at record wides. So it appears that Portugal (admittedly illiquid) has been left to its own devices .

    Given the subordination concerns as ESM is accelerated, it is perhaps no surprise that the ECB’s SMP has seemingly decided that Portugal has crossed the Rubicon into Greece territory.

  3. Mother Earth says:

    Remember this classic.. http://youtu.be/9GbXcz2G0OA
    And this one http://youtu.be/UUfrvRjqWzA
    And this one http://youtu.be/OrzQXH_ta5g

    But the only way towards the light is to accept it http://youtu.be/w4sejQAJg5U

  4. Apocalypto says:

    Rectum, damn near kilo-ed him! :D

    Note to Dido: It’s easier to use UPS!

    Men Arrested For Smuggling Gold In Rectums

    Updated: Monday, 16 Jan 2012, 3:13 PM EST
    Published : Monday, 16 Jan 2012, 9:24 AM EST

    SEOUL, South Korea – South Korean customs officials say they have arrested eight men over a scheme to allegedly smuggle gold out of the country by hiding it in their rectums.

    The Korea Customs Service said Monday the men allegedly transformed $260,000 in gold bars into small beads and smuggled them in their rectums to Japan two times in 2010 to avoid import taxes.

    South Korea says Japanese custom officials caught the men on their second attempt and sent them home after imposing fines. Later, one of the suspects allegedly orchestrated an unsuccessful bid to smuggle gold bars from Mongolia to Hong Kong using a similar method.

    Meanwhile, South Korean officials gathered evidence against them at home. They say the suspects recently admitted to the smuggling after initial denials.

    Read more: http://www.myfoxdc.com/dpp/news/offbeat/men-arrested-for-smuggling-gold-in-rectums-011612#ixzz1jf6MBZ8X

  5. gold bullet says:

    ”Send A Sympathy Card Over The Death Of The Internet To Your Senator”

    http://www.techdirt.com/articles/20120116/12394917419/send-sympathy-card-over-death-internet-to-your-senator.shtml

    Stop SOPA/PIPA!

  6. Youri Carma says:

    Far better headline for this piece would have been:

    IMF Lowering Global Economic Growth Forecast For This Year

  7. neweveryday says:

    @Vonda
    I am always catching up, that’s because I’m always doing homework.
    Anyway, If u ax me, and nobody did, I say Ben Fulford is a hoax.
    Conspiracy Theory is a business these days. Ben is in the bizz.
    Let Ben take me out. I’m here. Ben?
    Meanwhile, back in reality, Max & Stacey’s influence is giving birth to free-range brain cells all over the place. I meet more of them every – month – ok, but acquaintances and friends surprise me bacause they are catching on. It is getting through. It takes time.
    Better an intelligent majority, with a stake, than a rabid minority, smokin’ shit, I say.

  8. Youri Carma says:

    And:

    A litte Light in all this evil economic darkness, I somewhat cheerfully twat. Cause twitter didn’t like me … ;)

    Spain supports a tax on financial transactions

  9. Youri Carma says:

    What does sombodies do when one’s not twittering …. ?

    The right answer of cause is twattering! :)

  10. Flopot says:

    @neweveryday

    “free-range brain cells” wins Phrase of the Day!!! but is banned in Arizona ;–)

  11. Youri Carma says:

    @Apocalypto

    You asked for it! With real pearls! http://old.crunchgear.com/wp-content/uploads/2008/04/weener1.jpg

  12. SAO says:

    Jim Willie: “China Has Stated A U.S. Attack On Iran Will Result In A Chinese Military Response”
    http://www.youtube.com/watch?v=8ksD1qB0djs

    http://www.youtube.com/watch?v=HvWoXTNltdk&feature=g-u&context=G20f41feFUAAAAAAADAA

  13. ronron says:

    you fools. don,t let Dedo make all the money on the sodium soaked hot dogs. 24 packs for 29.95 shipped by mail. expire date 2019. you can make 500 a day. a little salt will do ya.

  14. Apocalypto says:

    Dido’s official channel. Please subscribe. Dido seems sad and would probably like the support and attention.

    http://www.youtube.com/user/dido?blend=1&ob=4

  15. Youri Carma says:

    @SAO

    It seems that Rickards is right and that the Chinese indeed don’t care as long as their oil supplies can be quaranteed by the U.S. via Arabia and other oil nations pumping more.

    China’s Wen presses Saudi Arabia for oil access http://www.reuters.com/article/2012/01/15/saudi-arabia-china-idUSL3E8CF00720120115

    Saudi, Chinese oil giants ink joint refinery deal http://www.france24.com/en/20120114-saudi-chinese-oil-giants-ink-joint-refinery-deal

    Saudi ready to meet a rise in oil demand- Naimi http://www.reuters.com/article/2012/01/14/saudi-crude-idUSL6E8CE03R20120114

    Sudan to boost oil output to 180,000 bpd in 2012 http://af.reuters.com/article/investingNews/idAFJOE80E01O20120115?sp=true

    Asian oil firms sign deals with South Sudan http://af.reuters.com/article/investingNews/idAFJOE80C06K20120113

  16. Youri Carma says:

    @Apocalypto

    Time for a Apocalypto singsong or Ah-calypso http://www.youtube.com/watch?v=35x_rwyBh-8 ;)

  17. Mattdog says:

    Note to self; Chuckle silently while watching people haggle over small gold beads.

  18. neweveryday says:

    “Stone walls do not a prison make…”

  19. ronron says:

    @Youri. why did you not use the tugboat on Dedo?

  20. Vonda Bra says:

    here is a link to that f###ng live debate from SC, it just started …

    http://tvpc.com/Channel.php?ChannelID=7360

    just saying …

  21. SAO says:

    @Youri
    Do you think Russia would care if Iran got attacked? How would they respond?

  22. the underfundedmentalist says:

    Dada Occupation!
    Dada is a new tendency in art. One can tell this from the fact that until now nobody knew anything about it, and tomorrow everyone in Zurich will be talking about it. Dada comes from the dictionary. It is terribly simple. In French it means “hobby horse”. In German it means “good-bye”, “Get off my back”, “Be seeing you sometime”. In Romanian: “Yes, indeed, you are right, that’s it. But of course, yes, definitely, right”. And so forth.
    An International word. Just a word, and the word a movement. Very easy to understand. Quite terribly simple. To make of it an artistic tendency must mean that one is anticipating complications. Dada psychology, dada Germany cum indigestion and fog paroxysm, dada literature, dada bourgeoisie, and yourselves, honoured poets, who are always writing with words but never writing the word itself, who are always writing around the actual point. Dada world war without end, dada revolution without beginning, dada, you friends and also-poets, esteemed sirs, manufacturers, and evangelists. Dada Tzara, dada Huelsenbeck, dada m’dada, dada m’dada dada mhm, dada dera dada, dada Hue, dada Tza.
    How does one achieve eternal bliss? By saying dada. How does one become famous? By saying dada. With a noble gesture and delicate propriety. Till one goes crazy. Till one loses consciousness. How can one get rid of everything that smacks of journalism, worms, everything nice and right, blinkered, moralistic, europeanised, enervated? By saying dada. Dada is the world soul, dada is the pawnshop. Dada is the world’s best lily-milk soap. Dada Mr Rubiner, dada Mr Korrodi. Dada Mr Anastasius Lilienstein. In plain language: the hospitality of the Swiss is something to be profoundly appreciated. And in questions of aesthetics the key is quality.
    I shall be reading poems that are meant to dispense with conventional language, no less, and to have done with it. Dada Johann Fuchsgang Goethe. Dada Stendhal. Dada Dalai Lama, Buddha, Bible, and Nietzsche. Dada m’dada. Dada mhm dada da. It’s a question of connections, and of loosening them up a bit to start with. I don’t want words that other people have invented. All the words are other people’s inventions. I want my own stuff, my own rhythm, and vowels and consonants too, matching the rhythm and all my own. If this pulsation is seven yards long, I want words for it that are seven yards long. Mr Schulz’s words are only two and a half centimetres long.
    It will serve to show how articulated language comes into being. I let the vowels fool around. I let the vowels quite simply occur, as a cat miaows . . . Words emerge, shoulders of words, legs, arms, hands of words. Au, oi, uh. One shouldn’t let too many words out. A line of poetry is a chance to get rid of all the filth that clings to this accursed language, as if put there by stockbrokers’ hands, hands worn smooth by coins. I want the word where it ends and begins. Dada is the heart of words.
    Each thing has its word, but the word has become a thing by itself. Why shouldn’t I find it? Why can’t a tree be called Pluplusch, and Pluplubasch when it has been raining? The word, the word, the word outside your domain, your stuffiness, this laughable impotence, your stupendous smugness, outside all the parrotry of your self-evident limitedness. The word, gentlemen, is a public concern of the first importance.

    Dada is a new tendency in art. One can tell this from the fact that until now nobody knew anything about it, and tomorrow everyone in Zurich will be talking about it. Dada comes from the dictionary. It is terribly simple. In French it means “hobby horse”. In German it means “good-bye”, “Get off my back”, “Be seeing you sometime”. In Romanian: “Yes, indeed, you are right, that’s it. But of course, yes, definitely, right”. And so forth.
    An International word. Just a word, and the word a movement. Very easy to understand. Quite terribly simple. To make of it an artistic tendency must mean that one is anticipating complications. Dada psychology, dada Germany cum indigestion and fog paroxysm, dada literature, dada bourgeoisie, and yourselves, honoured poets, who are always writing with words but never writing the word itself, who are always writing around the actual point. Dada world war without end, dada revolution without beginning, dada, you friends and also-poets, esteemed sirs, manufacturers, and evangelists. Dada Tzara, dada Huelsenbeck, dada m’dada, dada m’dada dada mhm, dada dera dada, dada Hue, dada Tza.
    How does one achieve eternal bliss? By saying dada. How does one become famous? By saying dada. With a noble gesture and delicate propriety. Till one goes crazy. Till one loses consciousness. How can one get rid of everything that smacks of journalism, worms, everything nice and right, blinkered, moralistic, europeanised, enervated? By saying dada. Dada is the world soul, dada is the pawnshop. Dada is the world’s best lily-milk soap. Dada Mr Rubiner, dada Mr Korrodi. Dada Mr Anastasius Lilienstein. In plain language: the hospitality of the Swiss is something to be profoundly appreciated. And in questions of aesthetics the key is quality.
    I shall be reading poems that are meant to dispense with conventional language, no less, and to have done with it. Dada Johann Fuchsgang Goethe. Dada Stendhal. Dada Dalai Lama, Buddha, Bible, and Nietzsche. Dada m’dada. Dada mhm dada da. It’s a question of connections, and of loosening them up a bit to start with. I don’t want words that other people have invented. All the words are other people’s inventions. I want my own stuff, my own rhythm, and vowels and consonants too, matching the rhythm and all my own. If this pulsation is seven yards long, I want words for it that are seven yards long. Mr Schulz’s words are only two and a half centimetres long.
    It will serve to show how articulated language comes into being. I let the vowels fool around. I let the vowels quite simply occur, as a cat miaows . . . Words emerge, shoulders of words, legs, arms, hands of words. Au, oi, uh. One shouldn’t let too many words out. A line of poetry is a chance to get rid of all the filth that clings to this accursed language, as if put there by stockbrokers’ hands, hands worn smooth by coins. I want the word where it ends and begins. Dada is the heart of words.
    Each thing has its word, but the word has become a thing by itself. Why shouldn’t I find it? Why can’t a tree be called Pluplusch, and Pluplubasch when it has been raining? The word, the word, the word outside your domain, your stuffiness, this laughable impotence, your stupendous smugness, outside all the parrotry of your self-evident limitedness. The word, gentlemen, is a public concern of the first importance.
    Tata Dada

  23. the underfundedmentalist says:

    actually, i think this video explains it all,
    SUPERPUBLIC
    http://www.youtube.com/watch?v=_ISYWxm6Vmw

  24. Apocalypto says:

    Vonda Bra, don’t bother watching that shit. It will just rot your brain. You’re much better off watching Dido videos. Dido is extremely talented and beautiful. (Dildo is also very positive, unlike the lying, cheating politicians!)

  25. Youri Carma says:

    Eurogroup reacts to downgrade of EFS
    Standard & Poor’s downgrade of the European Financial Stability’s credit rating will not reduce the bailout fund’s lending capacity of 440 billion euros, the Eurogroup said Monday.

    “EFSF has sufficient means to fulfill its commitments under current and potential future adjustment programs and will continue to be backed by unconditional and irrevocable guarantees by euro-area member states,” said a statement released by the Eurogroup, and attributed to its president, Jean-Claude Juncker.

    ECB head plays down rating-agency cuts

    Oh Yeah! just A scratch lolz http://www.youtube.com/watch?v=-6VTci1Bunk

  26. mbridges says:

    Latest Benjamin Fulford Report:
    01/17/2012

    “Weekly Geopolitical News and Analysis20120117: The Old World Order wants to surrender but to the people, not to the New World Order.
    The negotiations on a new financial system for the planet are proceeding well but due to the complexity of the situation, it will take time before any public announcements are possible, according to sources close to the negotiations. The current owners of the Federal Reserve Board System and the Washington D.C. corporate government are hoping to offer enough reforms that they can stay in power. Their money has been frozen, though, by a group that would rather see them all put in jail. The final solution to the problem will need to involve an audit of the real world and the removal of all fraudulent funds from the system. It will also involve a massive redistribution of wealth, meaning that the American people and other worldwide victims of the cabal will get their stolen funds returned to them…”

    Weekly Geopolitical News and Analysis

  27. Vonda Bra says:

    Latest Jim Willie Interview, Jan. 15th 2012

    SilverDoctors and Jim Willie Part 1 High Audio
    http://www.youtube.com/watch?v=sOjSZ8fES88&feature=related
    (3 parts)

    great as always ….
    VonLove

  28. Al Kyder says:

    @ mbridges

    It sounds like wishful thinking on the part of Fulford.

    My Geopolitical news is different Doesnt sound so orderly.

    A mob of horsemen armed with sticks and petrol bombs attacked an exploration camp run by South African miner Gold Fields’ joint venture in Kyrgyzstan, the latest in a series of assaults on mining companies in the Central Asian state, Reuters reported.
    Talas Copper Gold, a joint venture between Gold Fields and Britain’s Orsu Metals , said on Monday that its security manager was severely beaten as he fled from a burning building at the exploration camp in Talas province.
    The company said in a statement that the attack occurred shortly after midnight in the early hours of Saturday morning. Around 10 horsemen set fire to several buildings, it said.
    “This incident does not appear to follow from any community action but seems to be a premeditated attack by a small group,” the company said. It said the security manager was recovering in hospital.
    The latest incident is another warning to potential foreign investors in Kyrgyzstan’s mining sector. Talas Copper Gold said a criminal investigation was under way and that it would start its new drilling programme in November as planned.
    Kyrgyzstan, a former Soviet republic of 5.5 million people, is preparing to elect its next president on Oct. 30, following a year in which its former leader was overthrown and hundreds were killed in mob violence.
    Attacks on prospective mining developments in Kyrgyzstan have occurred on several occasions since the April 2010 revolution, disrupting attempts by the new government to develop a viable mining industry in the gold-rich republic.
    Talas Copper Gold itself suffered a similar attack in March. Australian miner Kentor Gold has said supporters of its Andash copper and gold development, also in Talas province, have been threatened.
    Employees of a Chinese-owned mining company were beaten in August at a separate development in Naryn province.
    A single gold mine, Kumtor, contributes around 10 percent of Kyrgyzstan’s gross domestic product and nearly half of its industrial production. Owned by Toronto-listed Centerra Gold Inc , it produced 7.8 million ounces, or 243 tonnes, from its launch in May 1997 to the end of 2010.
    Prime Minister Almazbek Atambayev, who is running for president, told Reuters in June that the government would weed out corruption in the mining sector to secure the proceeds from many untapped metals deposits.
    Talas Copper Gold has four exploration licences — Barkol, Taldybulak, Kentash and Korgontash — and has invested $15 million between 2005 and 2010. It has planned a further $2.5 million of investment this year

  29. Tamir says:

    American Stupidity Update
    ————————————-

    ‘One commenter called the ad “sickening,” while another speculated about what the people in the photo needed to do to “leave a legend.”‘

    http://news.yahoo.com/nd-tourism-director-ad-wasnt-meant-racy-000559311.html

    Oh, yeah.

  30. Vonda Bra says:

    IRAN IS NOT OUR ENEMY! (Dur. 3:31)
    http://vimeo.com/34992640

    VonLove

  31. Tamir says:

    *** URGENT URGENT URGENT ****

    American Slave Labor Exploitation Update
    ——————————————————–

    “After ten suicides at Chinese manufacturer Foxconn last year, Apple has published a review of supplier responsibility practices, which reported child labor violations, toxic conditions, and other violations of their code of conduct.”

    This is the scandal of the year!
    So, you want your iPad 3, bitches?

    No problem. It is manufactured by Chinese children:

    http://www.huffingtonpost.com/2011/02/15/apples-2011-supplier-report-labor_n_823474.html

  32. tetsou says:

    The 84 percent disapproval rate is the highest for Congress in nearly 40 years of polling.

    http://www.reuters.com/article/2012/01/17/us-usa-congress-poll-idUSTRE80G03A20120117

  33. tetsou says:

    Internet goes on strike — blackout everywhere. This Wed Jan 18, many of your favorites sites will be unavailable to you to stop web censorship. Tell everyone, petition even more sites to join.

    http://sopastrike.com/

  34. gold bullet says:

    Max, I just saw on your Twitter that someone asked you about a possible assassination attempt on Serbian President Boris Tadic. Here is an article from Serbia’s B92 about that story:

    ”Assassination tip-off “came from U.S.””
    http://www.b92.net/eng/news/crimes-article.php?yyyy=2012&mm=01&dd=17&nav_id=78317

  35. Youri Carma says:

    @Vonda Bra

    TnX for Willie.

    The Doc and Jim Willie Part 1 http://www.youtube.com/watch?v=sOjSZ8fES88

    The Doc and Jim Willie Part 2 http://www.youtube.com/watch?v=sc2o9nFU8Wc

    The Doc and Jim Willie Part 3 http://www.youtube.com/watch?v=e52FE-frqqE

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