[KR239] Keiser Report: Sinking Ship In Credit Sea

In this episode, we discuss captains of the financial industry abandoning ship while tripping into TARP. In the second half of the show, Max talks to former oil market regulator, Chris Cook, about the imminent collapse of the oil market and about the role of Goldman Sachs, BP and passive investors in driving the price of oil.

247 comments on “[KR239] Keiser Report: Sinking Ship In Credit Sea
  1. Steph says:

    If you stop reading the spin and do some research you might learn something. Costa Splendor ,passengers claim an explosion and a blackout. 2008 Costa Concordia hit a pier. 2010 3 crew members dead and four passengers injured in Egypt on Costa Europa on both occasions the company blamed bad weather !

  2. Apocalypto says:

    Steph, are you disputing the fact that the captain left the ship, thereby not doing his job?

    There is no spin there, my friend. The passengers witnessed the captain leaving the ship.

    “According to the Italian Coast Guard, Schettino not only jumped into a lifeboat before there had been an accounting of the more than 4,000 passengers and crew, he also refused a coast guard’s plea to return.”

    “In Italy, a commander who leaves before his passengers can be sent to jail for up to two years. If he jumps ship and people die, he can be sentenced to eight years in jail.”
    http://www.reuters.com/article/2012/01/20/us-italy-ship-maritimelaw-idUSTRE80J1R020120120

    The captain’s defense is that he “fell” into a lifeboat. If you believe that, you’re a massive sucker. Maybe it’s time you learned something?

  3. Apocalypto says:

    @Vonda Bra

    The Titanic was sunk by Jesuits? Seriously, you really don’t believe that garbage do you?

    http://imgon.net/di-HM2H.jpg

  4. Apocalypto says:

    @Steph:

    This is the kind of asshole you’re defending by blaming it on the ship and some stupid conspiracy theory about the company. derp.

    “Coronika said Schettino arrived on the bridge when the ship was about four nautical miles from Giglio off the Tuscan coast and switched to manual navigation in order to perform a close-up “salute” to a retired captain, Mario Palombo, living on the island.”

    http://www.guardian.co.uk/world/2012/jan/23/costa-concordia-captain-distracted-guests

    NICE!!! I hope he got his salute in! Quite a few people had to die for that salute, ya know.

  5. gold bullet says:

    @Apocalypto

    TBF, the captain of that Italian ship that sunk, by his own words, tripped and by luck landed in a life vessel.

    He is just like the banksters and the morons that support SOPA/PIPA, saying such ridiculous things thinking the rest of us on Planet Earth are idiots.

    @Vonda Bra

    I remember someone saying to me that the Titanic was sunk intentionally because some of the passengers were well known politicians/bankers of that time, including, if I remember correctly, the richest man in the world at that time, who were all opposed to some law that the US gov wanted to pass. Now all the details escape my memory, but if I remember them I’ll post it later.

  6. Uptick says:

    @Frans
    Great link on that zionest band

  7. Vonda Bra says:

    @ Apocalypto | January 23, 2012 at 10:12 pm |
    —-The Titanic was sunk by Jesuits? Seriously, you really don’t believe that
    garbage do you?—–
    I never said, that I believe it! I just happened to stumble over this video yesterday …
    and infact this was not the first time I heard this …. but didn´t pay any attetion to it …
    its in many books ….

    @ gold bullet

    yeah, don´t know if you have watched the vid I linked … but it was allegedly all about the
    creation of the Federal Reserve Bank (FED) … that these bankers, who were invited to the maiden voyage of the ship, were strictly opposing a Central Bank!!!
    They all died in that “catastrophe” and the FED was established short after … ?

    hmmm…. Conspiracy or not? .. after what we can see happening now, it wouldn´t suprise me much ;-)

    VonLove

  8. SilverPorno says:

    @Vonda

    One of the people on board the titanic who was one of the richest in the world was opposed to the passing of the federal reserve act. Without his vote (can’t remember the name) it wouldn’t have been passed.

    Less than a year after it sunk, it was passed.

    Mind you, he could have been “removed” a lot easier than by sinking the titanic, so I’m not sure of that conspircy theory at all… !

  9. SilverPorno says:

    Excellent KR again Max & Stacy. I’ve only just had a chance to see it.

    Stacy – your drawing a parallel between the criminals at the top of the US banks and the Costa Concordia’s captain was really excellent. I was thinking a similar thing when I heard about what that captain did, but you put it into words far better than I possibly could have.

    Who’s the bloke on the right with the gay tie, by the way?

  10. Vonda Bra says:

    @ SilverPorno | January 23, 2012 at 11:37 pm |
    —Mind you, he could have been “removed” a lot easier than by sinking the titanic, so I’m not sure of that conspircy theory at all… !—-

    sure!!! but thats not the point! … it was not only one! … it were 3 of them! … I also forgot the names ..shit! :D … and it porbably had to be a ” fatality” … so no one would would connect the dots ???? Dunno?
    and I´m NOT sure of that CT either !!! … but … what do we know?
    but here again is that vid, with all the names and “facts”:

    What really happened to the TITANIC? Sinking of Titanic by Jesuit/Illuminati?
    http://www.youtube.com/watch?v=9zjbU354rEY&feature=player_embedded

    VonLove

  11. SilverPorno says:

    @Vonda,

    As I recall (and I’m not 100% at all, it was a long time ago that I read about this) there were three people that had to agree to pass the Federal Reserve Act into law. All three had to agree or it couldn’t be passed.

    The one who didn’t want it passed lot his life on the Titanic.

    This left two, who got it passed.

  12. Apocalypto says:

    Uh, and it wouldn’t have been easier to just shoot the guy to keep him from voting? They had to sink the biggest fucking ship in history?

    The Illuminati certainly have a flair for the dramatic.

    Stop smoking so much crack, kids. lol :D

  13. SilverPorno says:

    @Apocalypto

    “Stop smoking so much crack, kids”

    You might want to read the posts before you make such snap-judgements and assume we’re all children.

    But you know better than everyone else, eh? Always an easy thing to do when you don’t bother to read the posts.

    Sorry, I forgot you were an expert.

  14. SAO says:

    This is just one article that covers three of the elites that went down on the Titanic that were opposed to the Federal Reserve passing, but there were dozens more elites that opposed it that went down with that ship.

    http://www.truthistreason.net/did-jp-morgan-sink-the-titantic

  15. Vonda Bra says:

    @ Apocalypto | @ Silver Porno

    here you can read the whole story … skip the bible verses in the beginning, put in the search term – titanic …. and start reading ..

    http://destination-yisrael.biblesearchers.com/destination-yisrael/2010/03/the-federal-reserve-jekyll-island-and-the-sinking-of-the-titanic-fate-of-fort-knox-part-two-.html

  16. Vonda Bra says:

    @ SAO | January 24, 2012 at 2:51 am |

    oh, thanks for your link … I didn´t see it, when I posted mine …. but now …

  17. Bonn says:

    I dont get this Spiritual BullSh!t one bit …..WTF is all that about ???????
    lolz
    Hic ;-)

  18. Apocalypto says:

    @SilverPorno

    Okay, the crack comment was a little over the top, sorry.

    But I do read the posts I respond to, and I will respond as I see fit. The melding of the sinking of the Titanic and a Jesuit conspiracy is just silly territory. Everyone has a right to their opinion, so believe what you want to believe, and I’ll do the same.

    The real question here though is, what makes you think I’m going to learn anything from reading posts on the Internet? :) Are you guys all scholars?

  19. Apocalypto says:

    @Vonda Bra

    Thanks for the link, but frankly, that kind of stuff is probably best suited for sites like http://www.abovetopsecret.com/. :)

    I visit Max and Stacy’s site for the financial stories and observations, along with the current event issues.

    As far as ATS, I used to hang out at that site (a long, long time ago before the mods began the practice of sticking their heads up their own asses) and it was actually a pretty cool place. In the past few years it’s sunk along with a whole slew of other conspiracy and paranormal-oriented sites . Oh well. All good things come to an end. Having said that, you may like it over there if you haven’t checked it out yet.

    Anyway, it’s still preposterous that they’d sink the Titanic just to off one or two guys. Come on, guys. If you can’t see the stretch there then I can’t help ya :D

  20. Youri Carma says:

    Big question for this year: Will oil stay around the $100 marker or will it collapse like predicted by some?

    Livecharts – Brent Oil Chart http://www.livecharts.co.uk/MarketCharts/brent.php

  21. Al Kyder says:

    IMF chief warns of ’1930s moment’

    Posted 6 hours 51 minutes ago | Updated 4 hours 54 minutes ago
    Negotiators delay the deadline for a massive Greek debt write-down as IMF chief Christine Lagarde warns that failure could spark a 1930s-style financial crisis.

    Hedge funds ‘pushing’ for Greek default (audio)

    The World Today By business reporter Michael Janda
    Posted 5 hours 11 minutes ago | Updated 5 hours 5 minutes ago
    As IMF chief Christine Lagarde delivers a blistering warning to European leaders, analysts say that hedge funds are trying to push countries such as Greece into default.

    Posted 33 minutes ago
    Israel has hit Gaza with a series of airstrikes in response to a series of rocket attacks in recent days.

  22. gold bullet says:

    Yelawolf knocks off independent artists’ track, UMG gets original pulled from YouTube

    As if we needed any more proof that corporations and major labels abuse power…

    Independent rap group After The Smoke (producer Anthony X² and lyricist Whuzi) not only had their beat used by Yelawolf without credit, but the original was pulled after a copyright claim by UMG.

    http://beatsperminute.com/news/yelawolf-knocks-off-independent-artists-track-umg-gets-original-pulled-from-youtube/

  23. Youri Carma says:

    ACTA Secret: Obama Lord of the RIAA Copyright Trolls Movie Trailer Mike Mozart STEAL THIS VIDEO! http://www.youtube.com/watch?v=Ai2ra0HwSbQ

  24. Al Kyder says:

    THE CITY NEVER SLEEPS ; Meanwhile, the Lord of the European poodles – the Obama administration – is applying all sorts of pressure over Asian powers to stop buying Iranian oil. Fat chance. For all of them – including Japan and South Korea – it will remain business as usual; they need Iran’s oil even more than the West.

    Even BP – the sterling polluter of the Gulf of Mexico – has asked the Obama administration for an exemption from sanctions. It all has to do with a key Pipelineistan chapter – the development of the immense Shah Deniz II gas field in Azerbaijan.

    There’s no way Europe can benefit from Caspian Sea gas without a massive $22 billion investment to develop Shah Deniz II – of which Iran holds a 10% participation. Shah Deniz II would be essential to supply the Nabucco pipeline – if it ever gets built. Nabucco bypasses Iran’s strategic ally Russia – which happens to maintain a stranglehold over Europe’s gas supply, as Europeans themselves never cease to complain in Brussels.

    If Iran blocks it, the deal dies. So we have a post-surrealist situation of Britain’s Big Oil – via BP – imploring for the US to exempt it from sanctions, otherwise European energy security will be at risk. Britain also happens to be an implacable foe of Tehran’s regime, but still relies on Iran to “save” Europe from the claws of Gazprom. You can’t make this stuff up.

    The City never sleeps
    The name of the game in Iran will always be regime change because the perennial wet dream of Washington and the European poodles is to grab Iran’s fabulous oil (12.7% of global reserves) and gas wealth. And the fact is that wealth is increasingly profiting the Asian Energy Security Grid – and not the West.

    The huge North and South Azadegan fields – 26 billion barrels – are being exploited by – who else – China; China National Petroleum Corporation is developing both, investing $8.4 billion over the next 10 years. As for the Yadavaran field, it is being developed by the China Petroleum & Chemical Corporation; in four years, it will be producing almost 200,000 barrels a day. And all this without even mentioning the largest gas field in the world – South Pars, of which Iran holds a great portion, alongside Qatar.

    And then there’s the crucial petrodollar front. Dominique Strauss-Kahn (DSK), slightly before he was forced to resign as the International Monetary Fund’s director general over a sex scandal, was insisting on the end of the US dollar as the world’s reserve currency, proposing instead the IMF’s special drawing rights – the IMF’s virtual currency including the US dollar, euro, pound, yen and yuan.

    Well, it’s already happening, via other means. Memo to an asleep at the wheel Washington/Brussels axis; China and India are already bypassing US/EU sanctions on Iran.

    Three BRICS members (Russia, India and China), plus Japan and Iran – a mighty mix of the world’s largest producers and consumers of energy – are already trading, or about to trade, in their own currencies. Russia and Iran have just started trading in rials and roubles. All of these powers have bilateral agreements – inexorably surging to multilateral; and that translates as the US dollar slowly fading as the global reserve currency, with all the seismic consequences this implies.

    It’s as if a stunned world was watching a ritual seppuku in slow motion committed by the Washington-dominated West.

    There is also the auspicious orange in this Year of the Dragon pie – the upcoming foreign exchange bourse trading in yuan in the City of London. Beijing wants it – and the City badly wants it. Tehran already sells oil to Beijing in yuan. Think of Iran using the City foreign exchange to use their yuan and thus keep access to all global markets – no matter the US/EU sanctions/embargo avalanche.

    Obviously, City players are aware that a “free trade” yuan bourse in London may play to Iran’s advantage; but unlike those morons in Brussels, at least City slickers are aware that business is business.
    http://www.atimes.com/atimes/Middle_East/NA25Ak02.html

  25. Mini US says:

    Nice show.
    Clever comparisons Stacy and I liked your guest.
    “I have no proof”, but a nice fella.
    The only people who can investigate, won’t. So its good to get such a perspective from one of knowledge as is usual here.

  26. Mini US says:

    @Al Kyder

    Is this the start of the world saying “thanks, but no thanks” to US bullying?

    Cuban Cigar anyone?

  27. Youri Carma says:

    @Al Kyder

    Good penetrating piece from Pepe. Good find!

  28. Al Kyder says:

    @ Youri Carma and MminUS

    Do you remeber the 9/11 commission, and the Plames, the BCCI bank?

    Do you remember Sibel Edmonds, The woman who was censored by the Supreme Court Gaged, for what she knew about 9/11 they even had songs about her?

    Well Her real Name is

    Sibel Edmonds Shah Deniz

    Her family is into Gas in a big way *wink* nod*

  29. Youri Carma says:

    @Mini US

    Not that I would refuse one now you offered me one but I would advice the Dominican cigars. Cheaper and better cause they Can use different tabacco flavors mixed while the Cuban can only use Cuban tabacco.

    Smoked a freshy fresh one roled by this hot lady who is a real Cuban btw in front of my eyes.

  30. Youri Carma says:

    @Al Kyder

    Yeah, Blondie made a song about her Deniz, Deniz http://www.youtube.com/watch?hl=en&v=ahGxiSV_LH0&gl=US ;) But where is the clue? OK her real name is Sibel Edmonds Shah Deniz and family is into Gas in a big way.

    So … ?

  31. Youri Carma says:

    Davos Welcomes Elite to Invitation Only Event http://www.youtube.com/watch?v=H7mk4hADqx0

    Time for: We’re expecting Youuuuuuu!!! http://www.youtube.com/watch?v=mSFb3ItC2QA

  32. Al Kyder says:

    @ Youri google the name Sibel Edmonds, you wont find her family name in that search.

    eg. Sibel Edmonds: A Patriot Silenced, Unjustly Fired but Fighting Back …
    http://www.aclu.org/…/sibel-edmonds-patriot-silenced-unjustly-fired-fighti…26 Jan 2005 –

    The War on Whistleblowers: Sibel Edmonds Alex Jones’ Infowars …
    http://www.infowars.com/the-war-on-whistleblowers-sibel-edmonds/12 Oct 2011 – This week GRTV talks to Sibel Edmonds, famed FBI whistleblower

    Alex Jones took that one Hook Line and Sinker, he actually jumped right into the boat on that one.

    Quote from article Pepe Escobar

    There’s no way Europe can benefit from Caspian Sea gas without a massive $22 billion investment to develop Shah Deniz II – of which Iran holds a 10% participation. Shah Deniz II

  33. gold bullet says:

    ”Blocking The Net ‘Not The European Option’ — EU Commissioner Reding”

    http://www.techdirt.com/articles/20120123/05544117513/blocking-net-not-european-option-eu-commissioner-reding.shtml

    Vampire Squid hasn’t sucked all of the sense out of Europe SHOCKER!

  34. Mike Jacobs says:

    Stacey & Max,
    Great show, your a breath of fresh air compaired to all the Bull S#$T and Lies that is flooding the airwaves/ cyberspace.
    Just hope you don’t meet the same end as “PressTV”.
    I am uploading a lot of your shows on my Facebook. I hope there are no Copywrite issues. They have been on my case already.
    Quick question, How in Gods name can the British pound remain so strong?? This makes no sense. It should be valved less the the US$.
    I am a big fan of the “ZEITGUIST” documentories. Can you promote them a bit on your show? The Truth needs to be told.

    All the best for 2012 Stacey and Max,
    Becareful and stay safe. It’s going to be a year that will be in the History books.

    Mike Jacobs

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