[KR340] Keiser Report: Banksters Bilking Billions

We discuss David Cameron appointing former bankers to Treasury. We look at another former banker who became a Treasury Secretary only to become a bankster – Robert Rubin – and his role in Citigroup bilking Abu Dhabi of billions. In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.

76 comments on “[KR340] Keiser Report: Banksters Bilking Billions
  1. Mike Eb says:

    QE 3 was good while it lasted, but when is QE 4 coming?

  2. febo says:

    Job done Tom

  3. swell says:


    Er… Tilt:

    1. (a) incline (b) Slippery slope

    2. (a) To aim or thrust (a lance) in a joust. (b) To charge (an opponent); attack.

    3. (a) To favor one side over another in a dispute; lean: “His views tilt unmistakably to the Arab position” (William Safire). (b) An implicit preference; a bias: “pitilessly illuminates the inaccuracies and tilts of the press” (Nat Hentoff).

    4. (a) To fight with lances; joust. (b) To engage in a combat or struggle; fight: tilting at injustices. (c) A medieval sport in which two mounted knights with lances charged together and attempted to unhorse one another. (d) A thrust or blow with a lance.

    5. A combat, especially a verbal one; a debate.

    cf. Destabilization theory –> Domino theory

  4. Standup92024 says:

    I LOVE Reggie Middleton, so cool and smart! One of my favorite guests on Max and Stacy!

  5. Joe9083 says:

    I hope all you guys and gals out there watch Jim @http://youtu.be/GUFTHQL3zAo every day.

  6. What-me-worry? says:

    Nigel Farage destroys Barroso’s State of the Union – bleak…


  7. stacyherbert says:

    @Standup92024 – yes, he’s one of my favourites as well; he’s so smart, speaks plainly and with a fantastic voice!

  8. Nak says:

    Reggie! Reggie! Reggie! The exodus out of Facebook and into Instagram is under way, close to zero is a fair assessment.

  9. alanborky says:


    That wasn’t just Reggie Middleton that was…



    Boss of the Whorephanage (no that isn’t what they call London’s Financial Square Mile these days).

    Actually wouldn’t Reggie make a great James Bond?

  10. AlmostEven says:

    Cattle prod up the schving-schving. Wasn’t that one of the “innovations” included in the Bankruptcy Reform Bill in the US a few years ago?And didn’t Joe “Friend of the Working Stiff” Biden vote for it?

  11. Steve_D says:


    Toxoplasmosis is a parasitic disease caused by the protozoan Toxoplasma gondii.[1] The parasite will infect most genera of warm-blooded animals, including humans, but the primary host is the felid (cat) family. The parasite spreads by the ingestion of infected meat or the feces of an infected cat.

    David Cameron, has been eating Cat shit.

    Unlike his citizens who will soon have to eat Dog food.

  12. Agreed! Reggie Middleton knows his stuff, and communicates it well. There is an old saying; “Don’t fix it if it ain’t bust!” and another “In a deep hole stop digging!” We have reached a point where words are cheap, promises worthless and ‘hope’ is hanging on the cliff-hanger by it’s fingertips.

    The time for action has arrived. Reggie spole of the multu-trillion dollar energy market, which factually props up the petro-dollar. The cost has been escalating to the point where Big Oil is going to need diversification. Big Oil are experts at Big Engineering, and we (The Knights Templar) want them to prosper as we go forward into this 21st Century. The University of Berkeley have been tasked to monitor the ‘Energy Sector’. This is where the talk stops! …Facts are facts, and must be demonstrated o be factual, not hypothesis, or theory, but delivered results. The target that Berkeley have set, is 50 cents per watt. as the cost of plant installation. it used to be $1.00, The next target that Berkeley have set, is a life expectancy of 25+ years of service. and the final target is that the energy is clean and sustainable.

    There has been a massive investment at CERN primarilly to understand if Peter Higgs’ Boson Particle is real?…This is key to understanding ‘gravity’ and ‘momentum’ and ‘inertia’. Tonight the BBC aired a Documentary on Combat Aircraft that appear to contravene the so-called ‘Laws of Physics’. The culprit is NOT the combat aircraft! it’s the erroneous so-called ‘Laws’.

    My advise is to keep a critical watching brief on developments in the ‘Energy Sector’ that do not behave in compliance with some of the ‘unamended’ laws of physics. Be warned!!! there are countless bogus claimants! As we said “Talk is cheap!”. The subject is too vast to elaborate on in a Max Keiser comment. The University of Berkeley are level-headed fellows. If confirmation comes from a reputable source, then the claims are probably genuine. This is “Capitalism’s” greatest strength! “Competition!” and may the laurels go to the victor! The next five years are, I have little doubt, goin to present us all with quite a few startling revelations! Scholarly papers already indicate that all of Berkeley’s targets have been met, and even beaten. (Theoretically!!!)

  13. ronron says:

    @Standup. plus he knows what the fuck he.s talking about.

  14. Vonda Bra says:


    The Last Word on Voting – corbettreport !!! (PLEASE WATCH!)
    http://youtu.be/Lz2ZMYUn3Uk (10:37)

    PS: … makes me wonder, why Max recently called this great guy a “Schmok” ?? … for
    offering a platform to a Tom Woods/Max Keiser – debate …. over the LvMI crunch


  15. Vonda Bra says:

    yeah!!!! REGGIE yeah!!!!

  16. JUAN TAB says:

    Dear Max,
    IN Keiser Report en español. Episodio 340, The second part of your report has no translation SO IF YOU DON´T UNDERSTAND ENGLISH YOU ARE LOST in http://actualidad.rt.com/programas/keiser_report/18518-Keiser-Report-en-espa%C3%B1ol.-Episodio-340, you should fix it, I love your web and rt reports
    It doesn´t work the link in español to let you know the audio problem from this page so I´m doing it heer.
    Yours sincerely

  17. Patrick Walker says:

    Reggie is right on everything except when it comes to Apple.

    For one, if Samsung tries to pass off cost increases to contracted customers in it’s semiconductor business it would be violating the law. There is supposed to be a Chinese wall between units in Samsung, which the Apple case illustrated Samsung was violating when it aped Apple with it’s newer Samsung phones.

    Secondly, if Apple is on the decline, Samsung wouldn’t be so blazenly copying it as HP also recently did when it revealed it’s own iMac clone.

    I do think that the stock value is way, way, way overpriced. But I think this is more of a reflection of ZIRP than anything else. Large banks can buy huge blocks of Apple (or oil futures contracts) with borrowed money, sell to “suckers” and “muppets” driving the price upwards creating a self-fulfilling prophecy for “investors.” Sort of what they did to Facebook.

  18. evolutis says:

    @Stacy/Max … Great show a roller coaster trip from nut job politics of “David Cameron appointing former bankers to Treasury” to the always level headed, Reggie Middleton.

    Reggie mentions … “the oligarchy will never release power voluntarily” makes one wonder, to what extent can those with a high degree of sociopathic behavior be part of a cohesive … how can they manage without the unfair advantage they are accustomed to?

  19. ricin3000 says:

    Obama putting his arm around Zuckerman… he whispers…. “You didn’t make this”. And Z whispers back “Yes, I know”.

  20. Al Kyder says:

    Nice Tie Reggie 🙂 Matches Stacy’s new Hair Colour. @ stacyherbert how about electric banana yellow next time or perhaps magic silver rose.

  21. Youri Carma says:

    Hate that gymp face smiling Sucker Boy!

    What’s there to laugh Sucker Boy ….

  22. Al Kyder says:

    OH ITS ON !! Could this be the first shot of WW3 >???

    Four Chinese ships have entered Japanese waters near a group of disputed islets claimed by both Beijing and Tokyo, refusing to follow the Japanese coast guard’s orders to vacate its territorial waters.
    Currently, four Chinese ships are stationed in the area, which Japan considers its territorial waters.Another four ships are stationed outside the disputed area.
    The ships were dispatched “to assert the country’s sovereignty” to the tiny archipelago in the South China Sea, which on Tuesday Japan had purchased from a private owner.

    TAIPEI – Taiwan’s leader Ma Ying-jeou Thursday said Taiwan will make no compromises regarding the sovereignty of the Diaoyu Islands.

    “We will never compromise on it,” Ma said while addressing an academic symposium in Taipei.


  23. dan valley says:

    Ben needs to go here….suicide forest at base of MT Fuji where over 100 bodies are found each year


  24. capt ray says:

    Facebook and Aapl are cult.
    Products of our time.

    Peek and vally stuff.

    This Aapl is not made for you to eat,
    There is a whole book written about “what happend next” if you do.

    Fun Fact:
    “Apple has no viruses… it has gmo”.

  25. Vonda Bra says:

    Ron Paul on Fox Business, Talking Federal Reserve – 9/13/12

    http://www.youtube.com/watch?v=BcvCwIOZIjg (5:42)


    Exclusive: America ‘was warned of embassy attack but did nothing’
    Revealed: inside story of US envoy’s assassination

    ” ..The US administration is now facing a crisis in Libya. Sensitive documents have gone missing from the consulate in Benghazi and the supposedly secret location of the “safe house” in the city, where the staff had retreated, came under sustained mortar attack. Other such refuges across the country are no longer deemed “safe”.

    Some of the missing papers from the consulate are said to list names of Libyans who are working with Americans, putting them potentially at risk from extremist groups, while some of the other documents are said to relate to oil contracts.

    According to senior diplomatic sources, the US State Department had credible information 48 hours before mobs charged the consulate in Benghazi, and the embassy in Cairo, that American missions may be targeted, but no warnings were given for diplomats to go on high alert and “lockdown”, under which movement is severely restricted. …”

    C o n t i n u e :

  26. BB Rebozo says:

    I know, I know. The politicians are always harping on this. This is always the top topic discussed on MSM. Ha, yeah right.


  27. jarrollin says:

    RM is one sharp fella. I really wish he was a pop icon, or something. I wonder if BO is aware of this guy. He should listen to him. It might jostle him into some kind of awareness. Yes, I do sort of say that b/c they are both AA. Is that so wrong? I don’t know.

  28. logman says:

    reggie middleton, SHEEEEEEEIIT!!!!

  29. SAO says:

    US Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA’s Military Detention Provision


  30. kdt says:

    http://events.slooh.com/live feed to the incoming asteroid PHA2012QG42.
    pha = potentially hazardous asteroid , there still calculating to see if it will impact in the next few passes. nice big one too maybe w willl get luckey and it will hit a certain city that shall remain nameless and prove there is a god after all

    @bonn or is this a alien space ship too? and if is could you talk to them about droping some big ass rocks on said unnamed stinkhole?

  31. KARATE KID says:

    facebook is really worth 1.38 a share

    a fool and his money is easly seperated
    got gold?

  32. KARATE KID says:

    qe 3 4 5 6
    we are sterlized
    green shoots
    wind in our sales

    launch mode
    skys the limit
    hit the gas no hit the brakes
    let the blood circulate
    fly and be free
    hey ho say no
    jump up and get down
    heavy flow

    just a few terms of the new way we do buisness

    did any body mention any jobs?

    i mean real jobs?
    got gold?

  33. KARATE KID says:

    when i seen ben speak
    really 40 billion a month
    hell thats like pissen on a fire
    you need like another 25 trillion which will happen
    when the market tanks again

    40,000,000.00 ok ben lets go home i punched it in.
    no ben we dont have any money
    look i just punched it in ,its thier

    the banks are solvent !
    unless the dum fooks go take thier money out .then we do it again!
    ill do it ben fuok it’
    400,000,000,000,000,000,000,000 hows that for a deposit
    just when you wake up gas will be 50 buckas a gallon
    got gold//
    at least i payed off the chinese

  34. KARATE KID says:

    hey max can i get a picture like bruce lee or something
    ralph moccio whatever his name was

    i want a picture!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    stace help me out here

  35. Tamir says:

    Inferiority complex update

    So, what can we learn from the hysterical behavior of millions of Muslim due to an absolutely idiotic/moronic/you name it, movie? I have some things to say about that.

    1. This entire ordeal is a manifestation of a severe inferiority complex and a sense of helplessness. They are afraid. They know there there is something fundamentally wrong with their lives but they can’t fix it. Some would call this the “victim complex”.
    2. If somebody denies the Holocaust – and many do – do you think I’ll take an RPG and fire it into the embassy of the country of origin of the fool?
    Would you? What kind of behavior is this?
    3. Max, you really showed amazing ignorance regarding the middle east while visiting Cairo (sorry but it is indisputable). There is nothing to brag about that visit and its video footage…

  36. Tamir says:


    You don’t seem to grasp the layering system in place:
    1. The general population driving their “revolutions”.
    2. The Islamist political class coming to power as a result (Morsi for example).
    3. The terroristic elements that operate with the connivance of the Islamist government. We are going to see much more of that, and soon.

  37. stacyherbert says:

    @Tamir – first of all, yes, it is a sign of inferiority, that I agree; re: their bizarre conspiracy theory about the holocaust, I believe that’s because the creation of a state of Israel in the middle of the Middle East as a consequence of the crimes committed by Europeans; we know the early conversations about creating this state were discussing various regions, including in Europe, but anyway, I can see how the fact that largely Muslim populations were made to ‘pay’ the cost for Germany’s crimes could create an environment into which such a conspiracy theory could flourish; re: Cairo, first of all, that was a genuine revolution as was Tunisia; Libya and Syria are largely fabricated; but the radicalization is a result of years of the Saudi method throughout the region; rather than share the wealth or the governance, dictators and princes throughout the region give the people instead radical religion; it seems that radical religion does help keep people ignorant and unconcerned about the lifestyles of the rich and famous dictators and princes; you also have to look at outside interference; Tunisia is a good example; there is a new radicalization happening and many say it is Saudis pouring money into this process; my sources also say KSA is also behind what’s happening in Libya; so remember, KSA and Israel are tied at the hip, they very closely collaborate and work together for common goals in the region; and in Cairo, by the way, we walked around for one week totally unmolested; dozens and dozens of people stopped us, took their photos with us; mostly it was men or women who stopped us so that their young daughter could have their photo taken with me; and in a crowd of more than 100,000 in Tahrir Square, we were the only Westerners and we would get tightly surrounded by groups of people wanting to know if we were American, when we said we were they all smiled and said they “love Americans, but they do not like the government” . . . the radical religion is due to poverty and government and elite plans for the impoverished . . . you see this throughout the Middle East and Pakistan and Afghanistan but also in America where fundamentalist Christianity thrives amongst the impoverished and re: radical Judaism, I don’t know if it’s just amongst the poor, but I suspect it is; and it’s racist to suggest that a radical Muslim is any more or less dangerous than a radical Christian; anyone who radically believes in the select interpretation words of any book written by a person long dead is dangerous – whether it is those who radically interpret the Koran, the Bible, Dianetics or the Wealth of Nations

  38. Tamir says:


    Thanks for your reply.
    I agree with just about anything you posted. Israel is notoriously horrible at picking enemies and picking allies. There are quite some Israeli government officials regularly traveling to Saudi Arabia. What the hell is Israel doing business with this regime? Personally I find that disturbing, even very!
    Its all there, in the “holy books”: Terrorism, violence, racism, fanaticism, ignorance, barbarism, misogyny, brutality. God, please please rid us of your “blessing” !

  39. Al Kyder says:

    @ Tamir- I dont have a problem with approaching this issue with the fear and violence of an angry mob. Anyway, I’m from Asia, and every time thhese people who have the guts t take it to the streets burn an American or Israeli flag, a Chinese Peasant gets a pay check.

    I see that China Jinteng Flag Factory is now a Red Chip stock in the top 30 of the Hang Seng China-Affiliated Corporations Index

  40. Al Kyder says:

    @ Tamir & stacyherbert

    I have done a bit of research in the past on Radical Islam. The focus was on pre- WW2 sects. The best comparison would be something like this. Jim Jones Guyana, which was a suicide cult, where as the Radical Islam sects tend to go after an enemy in suicidal fashion. The Dirvishes or Mahdist’s of Sudan in the battle of Omdurman (Nt Sth Sudan War 1898) were a huge force numbering over 60,000 armed with spears, swords, and with hundreds of banners embroided with Koranic texts.

    The British had forty single-barrelled, water-cooled Maxim machine-guns which were new as well as the Lee Enfeild .303 etc. , Not a single Dervish got within 300 yards.

  41. Tamir says:

    @Al Kyder,

    Machine gun practical advise: It is more efficient to let the bad guys move to your _sides_ before you open fire. That was, a single bullet can take out several bad guys rather than only one…
    Opps, maybe I should not have posted this 😉

  42. Tamir says:

    Israeli popularity update

    Hey, they are buying Israeli flag in Bangladesh, too (you know why…)


  43. What-me-worry? says:

    “There is no doubt that he had been thoroughly trained and was fully aware of his duties and responsibilities”……..coin, toss toss, coin.

  44. SilverPorno says:


    You’re supposed to stack gold, not eat it 😉

    Nice hairdo!

  45. kdt says:

    the intire movie “isue” is contrived on BOTH sides as islamics have been making EXACTLY the same kind of films right down to the crapy dubing of the sound track for years remeber the “blood lible” movie that they came came out with a couple of years back?

  46. BB Rebozo says:

    “to suggest that a radical Muslim is any more or less dangerous than a radical Christian; anyone who radically believes in the select interpretation words of any book written by a person long dead is dangerous – whether it is those who radically interpret the Koran, the Bible, Dianetics or the Wealth of Nations”

    Angry people killing each other for profit, nationalism, slights to their religion, being whacked out on drugs – or just being whacked- is played over and over in history and in current corporate whore news. The subject of GMO”S however, is of a greater importance to human kind than any of the above issues. Our food supply itself is being threatened! Regardless of how you choose to believe or live your life, we must not allow our food supply to be altered, in such a way, that will pollute our world food supply detrimentally, irreversibly ,forever! Save nuclear waste and nuclear war, GMO’s are a priority topic to be covered in the news and a priority to be fought, stopped.

  47. Markar says:

    Stacey, Looks like your’s & Max’s GIABO campaign is taking root as US embassies burn all over the world. You two truly are the most dangerous people in financial media!

  48. stacyherbert says:

    @Markar – I think that’s more a RottenTomatoes.com style protest

  49. swell says:

    Autumn Miller’s dad just tweeted:

    “Reckless words pierce like a sword, but the tongue of the wise brings healing” Proverbs 12:18

  50. 623-3 says:

    Max/Stacy: In the end I couldn’t find the earlier article by the Canadian Mises Institute talking against democracy. But they did another one:


  51. ronron says:

    fuck. talk about blowback. the american backpackers aren’t even safe with canadian flags sewn to there backpacks. were in trouble now. what goes around comes around.

  52. rjms says:


  53. BankingThief says:

    They did not break any rules, they changed the IPO rules in the “Jobs Act” just before the Facebook IPO. ;D

  54. capt ray says:

    May I praice BO and the navy and land army for not have hitten some f’n tillt button!

    There is a black flag flying.

    This constitude symbolism in both west and east.
    The east has concord land they already had.
    The west has lost teretory [via contract] they thought they “had”.

    Lives are lost. All over.

  55. snoop diddy says:

    Chris Hedges on The Big Picture:
    Court Rules NDAA Unconstitutional

  56. Bonn says:

    If 9/11 was even close to what some quoted websites are saying the media in the US would have dug up the facts by now as they are not controlled by the Govt and have the investigative prowess.

    In todays world of morphed imagery, anything can be made to look as desired, but to think that controlled demolitions were set off by someone in power when the Firefighters were making their way up to the burning floors and people were coming down the staircase, is mass murder in the first degree. No individual/Group can get away with such a act, in this system without someone coming after them in all this time.

    To think some officials could have gone to this length to find an excuse to invade Afganistan and Iraq just does not add up as the US does not need to kill it’s citizens to find an excuse to invade an another country. Their foreign policy and military capability allows them to do, so when they feel it is necessary as per their perception and have done so in the past.
    It is naive to think that the NATO countries go along just because of the reasons advanced by the US without their own interests being involved.

    Pearl Harbor had wounded the US pride and it taught an unforgettable lesson to the perpetrator. Luckily morphed imagery was not around then, as then it would not be surprising if someone called that self inflicted also, to enter WW11

    I suspect 9/11 will dominate US Security Policy for Decades, as the climate of hatred and desire to harm US interests/citizens is very much alive. It is too bad for the attackers, that the US takes the loss of life of it’s soldiers and citizens very seriously and there are Consequences for these continuing attacks.
    Some website may well call these an inside job too so that the US can continue spending two billion/per week in Afghanistan.

    PS. Bonn Junior, please advise if you are a PSU Absorbee, officer or some anti Free world writer, so that your perspective is better appreciated

    Posted by one of my Dads colleagues in response to my E-mail with all the documentary’s I sent when one of ’em woke up and posted a link about 9/11

    Personally I thought Wow one of ’em woke up ………. now not to sure
    Hic 😉

  57. Bonn says:

    WTF is an some anti Free world writer
    Hic 😉

  58. MirrorMirror says:


    Excellent short report … repeats many things I’ve posted :

    Electromagnetic Event: Magnetic Pole Shift Could Be In Progress


    6 mins. … ( 1100 views – 900 Recs )


  59. Bonn says:

    Video: Asteroid 2012 QG42 passes by Earth Thursday
    Coast To Coast AM – Nephilim, Giants & Prophecy – 09-13-2012 – C2CAM

  60. Bonn says:

    Coast To Coast AM – Nephilim, Giants & Prophecy – 09-13-2012 – C2CAM

  61. Tamir says:

    Barak Obama policy failure update

    Does anybody in him/her right mind still believes that the disastrous policies of Obama will lead to more stability in the middle east?
    Kicking out Mubarak, Kadaffi, etc. will lead not to Muslim oriented “democracies”, but to Al Quaedav inspired Arab-Muslim terroristic blocks !
    Osama bin laden won big times, folks.
    where is jonnyjames? Where?

    Obama the fool.
    Obama the idiot,
    Obama the naive rag.
    Oey vey, Oey vei.

  62. Al Kyder says:

    @ Tamir- Umerecar is uddickted to oil, (GW Bush 2000AD) The Crowd Cheers USA USA USA, Israel nods with delight yes give us more free oil. Oil for paper.

  63. Al Kyder says:

    Google Has No Plans to Rethink Video Status- Google said on Friday that it would not comply with a White House request to reconsider the anti-Islam video that has set off violent protests in the Arab world in light of its rules banning hate speech on YouTube, which it owns.

    OxyGoogle, opiates without prescription

  64. Neville Bartos says:

    Don’t snooze on this one M & S. Another day another banking fraud.

    ‘Whistleblower claims widespread loan fraud’


    You have to understand that the average Aussie rissole eater has been brainwashed to believe that each one of the four divisions of the same bank are bulletproof because of the GFC.

  65. microhousehold says:


    Nice episode of Coast to Coast.
    Thanks for posting.

  66. Al Kyder says:

    @ Neville Bartos – The four pillars of Oz Banks…
    Fraud, Embezzlement, Graft and Cronyism.


  67. Evolutis says:

    @Tamir …. Obama …. And your alternative would be .? “Tamir” perhaps? Lol .
    .. You fixate (as per monetary system design) on a living individual , outside your immediate circle and leave the system intact,;like a religion (beyond reproach).

    could it be that, You, like,Obama and the rest of us, are entangled in a political, religious, money triumpherent? We could replace the system instead of vilifying those acting out , within the malfeasants but that would is a far different, environment. Smart folks like you could promote the design process.

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