[KR386] Keiser Report: Banker Infestation

We argue over whether things are looking better or worse for the American worker. While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the Internet giants will prevent the rise of a powerful decentralized economy online. In the second half, Max Keiser talks to Professor Jonathan Feldman about the Global Teach-In and about a boycott and short sale campaign and creating an industrial policy for America because right now the US even outsources some military production to China.

208 comments on “[KR386] Keiser Report: Banker Infestation
  1. snoop diddy says:

    Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part II – The Financial War Against the Economy at Large

    http://www.nakedcapitalism.com/2012/12/michael-hudson-americas-deceptive-2012-fiscal-cliff-part-ii-the-financial-war-against-the-economy-at-large.html

  2. swell says:

    the exponential function quantifies results of Moore’s law doubling over years and years. A download of Dr. Albert Bartlett’s Arithmetic, Population and Energy, (rather than watching it low-res in 8 separate parts over youtube), can be found here:

    http://archive.org/details/ArithmeticPopulationAndEnergy

    Do the math and see that the Singularity looms in the not-too-distant future.

  3. MirrorMirror says:

    .

    IMO, the most important topic for 2013 …. dissolve the Brussels machine … i.e. get rid of Central Planners and DECENTRALIZE to allow natural economic forces to work , as they always will prevail in the end !

    German Website in English : People’s Voice – Time for Change :

    Europe: exploited peoples, ESM and the global elite

    What may sound according to a bad joke recently has become reality: many politicians demand official the abolishment anyone country sovereignty by concurrent establishment of a global elitist central government out of Brussels.


    The euro has split Europe’s population

    http://eng.buergerstimme.com/2012/09/europe-exploited-peoples-esm-and-the-global-elite/

  4. MirrorMirror says:

    @susan … nice … great guy, & knows his rights.

  5. susan says:

    @MM:

    Happy New Year and Thanks for all the Posts!

  6. Mark Shiels says:

    Dear Stacey and Max, thanks for a good debate with strong arguments on both sides. I find Stacey’s position marginally more compelling than Max’s purely because just as people innovate around the technical barriers, we innovate around the power barriers Max identifies so well. The technical innovators and the power innovators are unifying; see the range of talents and disciplines combining in OWS, UK Uncut, Anonymous et al. The existentialists among us will, in our obdurate defiance of the banksters, innovate until we find away around the power barriers. Max is correct, we live in a prison state, but nothing is more worrisome to the prison guards than peer-to-peer recognition and co-operation. The plutocrats anthem “we are all in it together” is taking on a scary second meaning for them as their frauds and excess leads me to realize I am like you and you are like me – we’re both on the austerity end of the equation to the extent that where we were previously divided we are beginning to see that we are increasingly united. Stacy is correct: multi-disciplinary, like-minded, peer-to-peer innovation will establish an alternative to the banksters game. I for one, am looking forward to a really hard, dirty fight – let’s ‘ave it!!!!

  7. swell says:

    In Ross Ashcroft’s Four Horsemen, he at once accuses decadence for the downfall of great civilizations, specifically he charges it to the interest in sex. He subsequently never qualifies this glaring generality throughout the entire rest of his movie, but seems content to simply let stand his charge, based solely on the strength of his apparently long engrained belief. Neither does he explain his blame on decadence, as to whether or not by that he really means excess, extravagance, self-indulgence – that use of the word decadence where the antonym suggests austerity. He accuses moral decay as being the root of the society’s problems.

    Ross Ashcroft, for instance, never addresses George Taylor and Ralph Rotnem’s classic “hemline indicator”,(where they correlate the rise and fall of women’s hemlines with the rise and fall of stock prices.) He doesn’t look at Robert Prechter’s 1985 essay, “Popular Culture and the Stock Market”, where Prechter expands on the “hemline indicator” and goes on to also include bright and drab colors and popular music and political behavior, to explain market moves and economic future. Ross Ashcroft might have noted Prechter’s predictions of hyper-violence in movies and culture, especially his asserting (on Capital Account), that they’ve only just gotten started. (As an example, look, for instance, at how violent filmmaker Quentin Tarantino is to be honored with a lifetime achievement award by the International Rome Film Festival and also the extent to which Tarantino was recently venerated at the New York Museum of Modern Art.)

    Larry Sanger, the very nemesis of the world’s treasure that is Wikipedia, temerariously plays the morality card to explain the tragedy of the Sandy Hook elementary school shooting: “I think the most relevant cause of the Sandy Hook Elementary shooting has relatively little do with guns or mental health.

    I think it’s because our society is seriously ill – not mentally, but morally – and many of us are in denial about it. We rarely talk unironically about honor, morality, or shame, or otherwise give signs that we take seriously an objective morality and a commitment to freedom and personal responsibility. Our society’s elites simply don’t think that way anymore, preferring to think of incidents like this as sociological phenomena with collective solutions, rather than individual/ethical issues with individual solutions.

    He is not alone. James Dobson, Gov. Mike Huckabee, Ted Nugent – all blame moral decay for the shooting. Patrick A. Trueman, has built an entire career on the moral decay meme. And perhaps a reference is in order to the man with a PhD in mathematics, gone mad bomber, serial killer Ted Kaczynski, who in is infamous manifesto(Industrial Society and Its Future), charged: “The moral code of our society is so demanding that no one can think, feel and act in a completely moral way. [...] Some people are so highly socialized that the attempt to think, feel and act morally imposes a severe burden on them. In order to avoid feelings of guilt, they continually have to deceive themselves about their own motives and find moral explanations for feelings and actions that in reality have a non-moral origin. We use the term ‘oversocialized’ to describe such people.” As an actual mad bomber/serial killer, Ted Kaczynski might just have very well known his own motives.

    Ted Kaczynski certainly had the math to predict outcomes of exponential functions, such as that of his fears of a dystopian industrial system that “progressively narrows our sphere of freedom”. Kaczynski’s calls to revolution identified two strategies: to “heighten the social stresses within the system so as to increase the likelihood that it will break down” and to “develop and propagate an ideology that opposes technology”.

    Interestingly and of note, “Dangerous Knowledge”, the BBC documentary story of four mathematical masterminds, Goerg Cantor, Ludwig Boltzmann, Kurt Gödel and Alan Turing, explores the tightrope walked by the brilliant mathematicians with their often difficult, sometimes futile struggles not to go mad.

    Methinks the convenient meme of “moral decay”, to blame things, is perhaps an all-too-convenient means of bludgeoning with a heavy cudgel, and is probably more about gaining personal power and authoritarian control to wield over others, than it is about understanding underlying human, sociological and psychological motives driving often extreme errant behaviors.

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