[KR259] Keiser Report: Sharkboy & Lava Girl

We discuss boating accidents with Sharkboy and Lava Girl and a futures market to lay off your Blythe Masters risk. In the second half of the show, Max talks to Dr. Michael Hudson about Modern Monetary Theory at the University of Missouri – Kansas City and about the Chicago Boys gutting the economic competition, literally.

361 comments on “[KR259] Keiser Report: Sharkboy & Lava Girl
  1. Youri Carma says:

    Bill Gross: THE NEW QE, is coming and it will be all about mortgage backed debt

    1-3 year bucket saw a substantial jump: indicating the ramp up in short duration MBS paper.

  2. Youri Carma says:

    Fed weighs new form of quantitative easing: report

    The Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates.

  3. Bonn says:

    What up ????
    Hic ;-)

  4. ben says:

    This isn’t the first time Jon Corzine stole a billion dollars he did it in the New Jersey School System as well http://www.hulu.com/watch/282115/the-cartel

  5. Apocalypto says:

    Time to Move On: Religion Has Cost Too Much

    “This page is a conglomeration of some of the harshest arguments against monotheism from a practical and pragmatic point of view. It is about the terrible results of monotheism as embodied by Christianity and Islam in particular. I have a wealth of statistics and arguments behind every argument made here, so, each topic is a summary and a link to more in-depth reviews. The scale of the horror presented is too much to be contained in a single web page.”

    http://www.vexen.co.uk/religion/time_to_move_on.html

  6. susan says:

    re Kony/N Sudan/ Pres.Bashir:

    yeah, right, it’s dem darkies…

    Follow the money, who funds Bashir?

  7. gold bullet says:

    ”Greece Has Defaulted: Here Is Where We Stand”

    http://www.zerohedge.com/news/greece-has-defaulted-here-where-we-stand

    Greece has defaulted. What a shock. Not!

  8. The Real Bob says:

    @Apocalypto

    That site is a joke – it’s just a collection of people’s gripes about an imperfectly implemented system

    I saw no real reference to proper studies at all

    As usual, it’s from people claiming all Christianity is wayward instead of critiquing the wayward elements hiding behind the Christian banner

    I’ve seen proper scientific studies that investigated criminal behavior inside Christian organisations versus outside it and they find no greater amounts of sexual abuse than that found in other organisations or the normal public for that matter

    Christianity polarised nations, helped people think beyond themselves and work for a cause greater than themselves – this is what drove nations ahead

    Yes, somewhere along the way religion captured this selfless effort and turned it into a self fulfilling, self centered organisation but lets understand that this is NOT Christianity – it’s no more Christianity than we have Corporatism masking as capitalism today

    I’d rather a world run by Christians than any other types because they alone believe vengeance belongs to God and not themselves. All we do need though is to rid the Christian organisations of the dogma that has usurped their love for their fellow man and rid the organisations of narrow minded thinking. Once upon a time the Church led the scientific world in exploring the world, finding out the mind of God and learning about His creations – then religion captured it – as it does ALL systems

    You obviously have not met real Christians – only I suspect the media portrayed ones or the ones who have sadly become entrapped inside religion

    Yes, I have studied Greek / Hebrew. I have studied Christianity and I have passed through the ranks of learned Churchianity only to emerge and realise that Churchianity isn’t where God is found – He’s found in the hearts and minds of those that will embrace an all loving creator.

    Don’t tarnish Christians based on a few bad apples who lost their first love and succumbed to dogma and religion – you’d have to banish the entire human race using that standard of measure!

  9. MirrorMirror says:

    Keiser Report: Hackers & pirates – true GDP boosters (E260)

    http://www.youtube.com/watch?v=APAaKZ64E9Q

    Has this been posted here already ?

    Good show !

  10. MirrorMirror says:

    @susan … Alberta Tar Sands

    http://www.youtube.com/watch?feature=player_embedded&v=84zIj_EdQdM

    Thanks for posting … hope it gets around.

    I repeat , ad infinitum : POLLUTION is REAL PROBLEM.

    .

  11. gold bullet says:

    ”Epic Fail! BBC news presenter Simon McCoy caught napping on his desk!”

    http://primetime.unrealitytv.co.uk/epic-fail-bbc-news-presenter-simon-mccoy-caught-napping-on-his-desk/

    Even the BBC’s own news presenters are bored of the BBC’s neo-liberal propaganda!

    :lol:

  12. Mini US says:

    Nicholas Cage has Nuthin’ on Max Keiser when he gets warmed up ;)

    http://www.ebaumsworld.com/video/watch/82294943/

  13. MirrorMirror says:

    Crazy things going on :

    American Flight Attendant Exorcism Disrupted AA

    http://www.youtube.com/watch?v=rIwZ8qBt_7E

    2:20 mins

  14. MirrorMirror says:

    PS@Crazy things …

    Linked from Spiegel :

    http://www.spiegel.de/reise/aktuell/0,1518,820486,00.html

  15. gold bullet says:

    ”TONY 2012: Stop All Wars”

    https://www.youtube.com/watch?v=A5bUeJrBinA

    ”Tony 2012: The hunt for Tony Blair the war criminal starts this year and ends this year. Join the campaign to bring the warmonger to justice. Stop all wars.”

    Hunt down the war criminal! Bring him to justice!

  16. gold bullet says:

    ”Should the estate of John Cage sue for the long silences played on Rush Limbaugh’s commercial breaks?”

    http://boingboing.net/2012/03/09/should-the-estate-of-joh-cage.html

    Answer: Erm, YES!!! Sue his frigging ass till he’s bankrupt!

  17. Al Kyder says:

    Petrobras Confirms Oil at Nordeste de Tupi

    RIO DE JANEIRO – Petrobras said Friday that the company’s second well drilled in areas acquired from the government in 2010 confirms the discovery of high-quality crude.

    Petrobras drilled the well in an area known as Nordeste de Tupi, which is northeast of the Lula field that was the first Santos Basin pre-salt discovery to enter production. The well was drilled in 2,131 meters of water about 255 kilometers offshore from Rio de Janeiro.

    “So far, a column of oil more than 290 meters thick has been identified in carbonate pre-salt reservoirs,” Petrobras said of the Nordeste de Tupi prospect. Well tests showed the reserve contained oil rated at 26 degrees on the American Petroleum Institute’s rating scale.

    In 2010, Petrobras acquired the rights to produce 5 billion barrels of oil from areas held by the government as part of a capitalization of the company that included a $70 billion secondary share offer.
    *** Thats a lot of Diesel

    Imminent Exploration to Determine Pre-Salt Opportunity

    The oil potential of some of the world’s most promising acreage in ‘pre-salt basins’ is about to be determined courtesy of imminent exploration activity being undertaken by London-listed oil companies, said oil analysts at London-based Westhouse Securities.

    The investment bank highlights imminent drilling from two junior oil explorers quoted on London’s Alternative Investment Market – Chariot Oil & Gas and Max Petroleum – as being likely to help bring a focus on to pre-salt plays.

    Westhouse’s oil analyst team describes these as “important dates in the pre-salt calendar”.

    Pre-salt refers to a group of rocks located in the marine portions off most of the Brazilian coast, some off the West African coast and parts off Kazakhstan, with potential for oil generation and accumulation.

    It is termed pre-salt because it forms a range of rock that stretch under an extensive layer of salt, which in some areas of the coast reaches thicknesses of up to 6,500 feet (2,000 meters). Over time, these rocks have been deposited before the layer of salt.

    The total depth of these rocks, which is the distance between the sea surface and oil reservoirs beneath the salt layer, can reach more than 23,000 feet (7,000 meters).

    The accumulation of hydrocarbon in the pre‐salt can be vast. According to Westhouse, it is estimated that the Tupi discovery in the Santos Basin offshore Brazil has estimated recoverable volumes between 5 to 8 billion barrels of oil equivalent. The Guara discovery, also in the Santos Basin, has volumes from 1.1 to 2 billion barrels of light oil and natural gas with gravity around 30 degree API.

    Westhouse also highlighted the oil and gas sector’s exposure to major pre-salt basins as:

    Brazil (Santos and Campos Basins): BG Group, Petrobras and Statoil
    Angola (Kwanza Basin): BP, Exxon, Total, Chevron, Maersk Gabon: Ophir Energy
    Namibia: Chariot Oil & Gas, Tower Resources
    Lower Congo: SOCO International
    Kazakhstan: Max Petrol

    http://www.subseaiq.com/

  18. susan says:

    @Al Kyder:

    who funds/supports/props up Bashir of Sudan?

  19. Uptick says:

    Detroit coruption at its best .. So when you read this story , Fox puts the spin that 2 people took the 11mill and now its missing .. the best part of this scam is 400 people would have has 27 thousand for clothing ..LOL .. who the fuck passes bills like this ?
    Stimulus money meant to help 400 Detroit job-seekers reportedly helped 2

    A chunk of an $11 million stimulus grant meant to provide low-income Detroit residents with clothing for job interviews reportedly aided just two people — far short of the 400 job-seekers the money was meant to help.

    Read more: http://www.foxnews.com/politics/2012/03/07/stimulus-money-meant-to-help-400-detroit-job-seekers-reportedly-helped-2/#ixzz1oiTu5ng0

    Read more: http://www.foxnews.com/politics/2012/03/07/stimulus-money-meant-to-help-400-detroit-job-seekers-reportedly-helped-2/#ixzz1oiTli8GS

  20. Uptick says:

    This what what happens when you have No police and
    Women Claim Harrassment By( Detroit 300
    citizen vigilante group )
    women claim the group did them wrong, saying they were interrogated and threatened
    http://www.myfoxdetroit.com/dpp/news/local/two-women-claim-harrassment-by-detroit-300 Video

  21. Uptick says:

    More detroit Money garbs
    Detroit Cafe Owner: I Was Ticketed for Moving City Garbage
    So, six years and $100,000 later, she brings salmon croquettes to the ‘hood. All she needed was the city to come clean up the garbage in the back alley. That’s when the nightmare began.
    Gaddie opened her doors last November, but after six years of trying to get the city to clean up the garbage, she moved it herself. Then guess what the city did? They fined her for moving it because she moved the stuff to the end of the alley next to the abandoned houses. Still, the city ticketed her $1,200 for illegally dumping. Sad that she had done something wrong, she paid another $1,200 to have it removed.

    http://www.myfoxdetroit.com/dpp/news/charlie_leduff/detroit-cafe-owner%3A-i-was-ticketed-for-moving-city-garbage Video

  22. Uptick says:

    Just out of control
    Detroit/
    Sterling Heights Police Department, after it was discovered that nearly two dozen officers lied on their time cards.

    http://www.myfoxdetroit.com/dpp/news/local/sterling-heights-police-officers-accused-of-time-card-fraud

  23. flicks says:

    Mr why use a few lines when you can run a word marathon says Evangelo Venizelos maybe corrupt – no kidding. I think this Slog guy John Ward and Zerohedge are like Anon – insiders.

    http://hat4uk.wordpress.com/2012/03/10/revealed-why-the-troikas-validation-of-the-greek-psi-may-open-up-a-can-of-worms/

  24. Al Kyder says:

    @ susan.

    Thats a good question. It is a bit out of my range of expertise, but I would say he is just another Kleptocrat in a long tradition of Kleptocrats along the Pirate Coast, just like Muammar Gaddafi

    I remember numerous articles about the pirates of puntland. I think some of the high seas hijacks would have been done by professionals, although I am not saying the pirates were no capable, I just don’t think they could or would do it.

    There was a fake American company that got bucket loads of cash from Bush to Run a private marine security service. It was insured, but it had no boats and was an empty office in Huston.

    There was also the issue of Bashir buying black market arms from the Ukraine, tanks etc.

    I suspect he was buying these with cash, no questions asked.

    The most reliable info was again wikileaks cables.

    Omar al-Bashir has 9 bn $ parked at Lloyds and Luis Moreno-Ocampo, told US officials it was time to go public with the scale of Bashir’s theft in order to turn Sudanese public opinion against him.

    “Ocampo suggested if Bashir’s stash of money were disclosed (he put the figure at $9bn), it would change Sudanese public opinion from him being a ‘crusader’ to that of a thief,” one report by a senior US official states. “Ocampo reported Lloyds bank in London may be holding or knowledgeable of the whereabouts of his money,” the cable says. “Ocampo suggested exposing Bashir had illegal accounts would be enough to turn the Sudanese against him.” Lloyds denied the claim. These cables released by WikiLeaks also reveal that: — US officials regard European human rights standards as an “irritant”, criticising the Council of Europe for its stance on secret rendition of terror suspects.
    Richard Dicker, head of international justice at Human Rights Watch, said: “If Bashir were to be tried and convicted, these funds could not just be frozen, but used as a source of reparations for victims … [of] horrific crimes in Darfur.”
    $9bn may sound like a lot and is almost the same amount as has been transferred from north to south Sudan under the oil revenue sharing part of the comprehensive peace agreement since 2005. In a remarkable series of exchanges, the cables also reveal how Sudan’s mineral wealth had a direct bearing on the ICC proceedings against Bashir, as China balked at action against him that could harm its interests in the oil industry. “Ocampo said China, as long as it continues to have oil concessions in Sudan, does not care what happens to Bashir,” one cable states.
    In another cable dated March 2008, a senior French official noted “growing Chinese concern about possible north-south fissures in Sudan and the possibility that its oil interests could be threatened”.
    In return, the Chinese expressed “puzzlement” that the French — a member of the ICC and able to influence the deferral of proceedings against Bashir — supported Ocampo’s decision to pursue the Sudanese president, given France’s (Total) oil interests in the region. “[The Chinese] observed French companies have oil interests in Sudan as well as Chad,” the Americans stated.
    France ultimately supported Bashir’s indictment, but the cables suggest this was deliberately calculated to protect their oil interests. The French told the Americans they believed that firm action on Darfur was the only way to protect oil interests.

  25. gold bullet says:

    ”The European Bailout-And-Borrow Train Has Run Out Of Track”

    http://www.zerohedge.com/news/european-bailout-and-borrow-train-has-run-out-track

    ”The first instinct of any card-carrying Eurocrat is to reach for his wallet, or as clear-thinking MEP Daniel Hannan points out, someone else’s wallet. His prophetic words with regard the bailout-and-borrow bandwagon, that Europe remains on, running out of track are so critical that they bear repeating as he remains incredulous that his fellow MEPs still see the one solution to a debt crisis as yet more debt…”

    I think @MirrorMirror will like this… ;-)

  26. Tritone says:

    Dudes!
    Ok, this is the bottom line, no matter what economic model you conceive
    Unless Jesus rules it will not serve the sheep
    because we are predators
    we are animals that eat meat plus Jesus could be and probably is a myth so we are screwed
    like bambi in the forest
    “where have you gone Jesus Joe, A nation turns it’s lonely eyes to you”

  27. flicks says:

    I think if Teri Buhl concentrates on making a quality (technically as well as content) film of her crowfunded project (it need not be expensive Teri) it could be a significant thing for piratemyfilm. It sounded like she is more interested in word articulation. Hope that and this doesn’t come across has hectoring but learning abit about film making – sound and lighting can save you a lot. The use of portable soft boxs and cheap steadicams can go a long way and reduce costs:-

    http://www.tiffen.com/handheldmerlin.html

    http://www.chimeralighting.com/Products/Film-Video-Lightbanks/OctaPlus-Lightbanks

  28. gold bullet says:

    ”Kony Or Israel’s Netanyahu 2012”

    https://www.youtube.com/watch?v=uXj-TOjZfHw

  29. Vonda Bra says:

    ‘This is one of those mind blowing pieces of information that shows there is nothing that is not owned by the Federal Reserve. A little known company – Depository Trust and Clearing Corporation – DTCC is the one entity/corporation in the world that holds all stocks and bonds traded for brokers.

    They handle every stock/bond transaction world wide. Not just that, but every stock/bond that people think they own, they are not the owners of them. The stocks and bonds are not in their names in fact, the broker puts them in a fictitious name which the DTCC owns. The DTCC is listed as the actual owner of the stock and bond and those who have purchased them are strictly the beneficiary of said stocks and bonds.

    You may be thinking… well being beneficiary is just as good as being the stated owner…. WRONG! Being beneficiary of the stocks and bonds purchased may be fine when all things are going well, but what happens when things start going nuts and banks have some real problems (ie: Greece default and banks exposure to it, via derivatives)?’

    continue:
    http://sherriequestioningall.blogspot.com/2012/03/own-stocks-and-bonds-think-they-are.html

  30. Vonda Bra says:

    16,022 Votes Stolen by Voting Machines.. Watch Diebold Machine in ACTION!
    http://www.youtube.com/watch?v=qwS4XMEr_qY&feature=player_embedded

    !!!

  31. MirrorMirror says:

    @Vonda Bra ….. DTCC

    …A little known company – Depository Trust and Clearing Corporation – DTCC …

    ‘been complaining about them since 2002 !

    Go back in history and ask what happened to the NAKED SHORT POSITIONS that were rumoured to be MORE than the actual number of Legal Stock Certificates issued .

    Well … they “GRANDFATHERED” them !

    Great name for Organized Crime / Fraud .. hey ?

    I am now so tired of talking about this , that there doesn’t seem any point any more…. which is why I’ve been saying for over 10 years that the WHOLE system is pure fraud … PERIOD !

  32. MirrorMirror says:

    PS@Vonda Bra

    Did you watch the video I posted yesterday ? .. on organized crime !

    The Coverup of Organized Crime!
    http://www.youtube.com/watch?v=y3GMDcFOq0g

    32 mins.

    Gerald Celente would appreciate this one I think !
    ;-)

    .

  33. neweveryday says:

    @Vonda
    Re: your latest post:
    During WW2 street signs were removed in order ‘to confuse the enemy’.
    WW3 has been underway for some time. The street signs are all wonky and need deciphering on the part of any conscientious inquirer.

    I say that, but WTF? Store rice, have a sewing machine, live frugally and keep a low profile. I’d rather have a sewing machine than a gun, personally.

    Re: other things:
    http://www.youtube.com/watch?v=wiWu7Csn2HY
    Never make love to a man who has to hit you over the head first!
    :)
    http://www.youtube.com/watch?v=wiWu7Csn2HY
    :)
    Lol.

  34. Uptick says:

    Al Kyder | March 10, 2012 at 1:03 am |
    BREAKING NEWS

    GREECE DEFAULTS !!!!!

    Props to you … for posting that so fast .. I realy thought you were kidding around..lol

  35. MirrorMirror says:

    .

    Alex Jones :
    Media Cover-up Of Obama Impeachment Exposed!

    March 7th. 2012

    http://www.youtube.com/watch?v=pkRcfy4t6CM

    .

    Did anyone else hear about this ?
    TIA

  36. neweveryday says:

    @xyz
    Outrage itself is a Ponzi scheme. So long as new people are brought into awareness of what is going on you have ‘viewing figures’. You can incite them to commit outrages themselves as a knee-jerk reaction until that doesn’t happen on the scale you might expect. The harder route is to educate and mobilise those you have hooked into constructive political petitioning. Yes, you can cause a revolution, but can you make it work effectively for positive change? That is the pertinent question. Meanwhile, you can trawl for outrage, keep you viewing figures profitable and – at the end of the day, all you are doing is that you are playing a Ponzi game of inciting ineffectual outrage and achieving statistical success for your platform and not effecting existential change. Camping on public squares and being peppered by policemen makes news, but it doesn’t effect actual change. Real life is harder, takes more effort and work than anyone seems to think.

    http://www.youtube.com/watch?v=LQqq3e03EBQ

    :(

  37. Alf says:

    @GoldBullet

    People say this guys mad…I think he is…but he certainly tells the truth.

    http://www.youtube.com/watch?v=nAMVkJnMRNw&feature=bf_next&list=UUGThM-ZZBba1Zl9rU-XeR-A&lf=plcp

  38. Van says:

    Think “The Beach Boys” La la la la la….
    “Wouldn’t it be nice if I click on comments and I didn’t have to restart the videoooo….
    not a big deal really,..bet it could be fixed by a software friend you know…”–ha ha
    –Van

  39. neweveryday says:

    @Alf
    … outrage porn….

    Just a London cabbie rehearsing a rant for the punters that he isn’t picking up because he’s parked in the wrong place.

  40. Alf says:

    @neweveryday

    “outrage porn”…yeah it might be…but there’s certainly that level of
    outrage around the UK at this moment, especially with the economic
    policy and direction the Cameron government is taking this country.

  41. neweveryday says:

    @Alf

    Alf, I think we are maybe in the same boat. I am just asking what lies beyond becoming aware and, thereby, outraged. Becoming aware is stage one, becoming outraged is stage two; but what is beyond that reaction – an individual and personally effective response. Stacking silver is one thing. Preparing for shortages is another. Political activism is also a possibility but joining a mob, vilifying individuals, ranting and raving just makes news, not change.
    My point is that arousing awareness is good, inciting outrage and knee-jerk hostility is futile. What lies beyond requires imagination. Only individuals can live and survive the times.

  42. Alf says:

    @neweveryday

    Yeah…I agree with a lot of that…but the entire system has become impenetrable
    to change, politically, economically and socially…far as I can see we need a
    huge shift in public mind set but unfortunately I can’t see where the awareness
    will come from.

  43. Tamir says:

    Arab/Muslim/Terroristic/Jihadi scum Update
    —————————————————————

    Ever heard of this affair, ho Jewish genocide promoters, would be suicide bombers, propagandists for Palestinian terrorism and professional Jihadis? Have fun:

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

  44. Tamir says:

    @Max,

    Don’t tell me – this was “flase flag” operation by the Mossad, right? Right Max?
    I don’t think so, brother.
    I respect what you say about the economy and some of your views about social affairs. But brother, you have no clue what’s going in the fucking mid-east, OK? Sorry.

  45. Wizefool says:

    Bill Moyers Interviews David Stockman
    Feb 27, 2012
    Bill Moyers explores the tight connection between Wall Street and the White House with David Stockman, former budget director for President Reagan. Stockman reveals details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.
    Part 1
    http://www.youtube.com/watch?v=c0vmVQAhciI&feature=related
    Part 2
    http://www.youtube.com/watch?v=GqZTuKAgs94&feature=related

  46. Alf says:

    @YC

    Tralalal…He’s definitely wearing a wig.

  47. swell says:

    “Outrage porn”?

    How about Kafkaesque?

  48. gold bullet says:

    @Alf | March 10, 2012 at 5:23 pm |

    Isn’t that the same guy whose video about smashing the bankers in the face was featured in KR a few episodes ago?!

    BTW, when people say about someone that he/she is crazy, he/she is most likely telling the truth.

  49. susan says:

    @Al Kyder:

    Thanks for that – very interesting – no surprises!

    @Mirror Mirror:

    Yes, it’s so sad isn’t it, about environmental pollution, and no-one wants to know…

    @All:

    A large deer walked up onto our parking lot this morning, here in the Pyrenees, not 20m from me. It was a wonderful moment. The cat had a fit!

  50. neweveryday says:

    @Alf

    We are the little peeps, at least we’ve got a clue
    We start from where we are and figure what to do.
    The world is big and bad but we are passing through
    it’s always been this way and we do what we do.

    Instant poetry, is what we are.

  51. neweveryday says:

    @Swell

    There was no before, but there has been much created after Kafka.

    It is a challenge, I know, but – now what?

  52. flicks says:

    asymmetric leveraged collar – who’s going to explain this bollocks that the pyscho’s have been inflicting:

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9136132/British-banks-hit-by-new-mis-selling-scandal.html

    “Prof Michael Dempster, Professor Emeritus at the University of Cambridge’s Centre for Financial Research and an expert on derivatives, designed many of the computer systems used by banks to price derivatives, such as interest swaps.

    He said he was shocked by the products banks had sold to SMEs. “I liken it to going to bet on a horse race having fixed the result,” he said. “You’re not guaranteed to win, but you have a heck of an edge on the punters.”

    When are the math boffin’s going to wise up and realise what’s going on; they can do all this advanced stuff but seem to be clueless and the ‘shocked’ at how what they have done is used.

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