Blog Archives

[KR673] Keiser Report: Unequal Justice System

Stacy Summary: We look at the moral crisis of our time as they compare the treatment of a man on welfare benefits imprisoned for six weeks for stealing £12.60 worth of Salisbury steaks versus the High Frequency Trading outfit fined $1 million without any admission of guilt for stealing an unknown amount of money from other NASDAQ investors. This unequal system of justice has led to zombie capitalism which has gone off the rails and inspired ‘suicide bankers.’ In the second half Max interviews Dr. Bob Gill and Peter Bach, director of Sell Off, the story of the stealth privatization of the National Health Service in the United Kingdom.

Stacy comment: Read this review from the MSM in UK. Where they take the episode above and completely leave out the fact that we juxtapose the drug addict getting jail time for stealing £12.60 worth of steaks to the HFT firm which gets to pay a fine without admitting guilt for stealing an amount we are never told. Even RT named the show Unequal Justice. And yet, the Independent leaves out what we were comparing the two stories and calls it anti-capitalist. So, in their mind, banksterism = capitalism.

Central bank heroes: Your thoughts?

Stacy Summary: Your thoughts below.


‘Dangerously high’ levels of airborne carcinogens found at US fracking sites

Stacy Summary: I doubt the claim that the UK will have higher standards reducing these carcinogens to negligible levels. But, no doubt, this news ought to boost property values. And while they will only get £50 for drilling under their property, at least the British people will have an NHS to treat them for any cancer they might develop. And, as for Americans, well, I guess they prove Lenin right: “The Capitalists will sell us the rope with which we will hang them.”


frackingsite

Levels of benzene, formaldehyde and hydrogen sulphide were many times above the US’s air pollution limits and were detected within residential areas near to fracking wells drilled across five different states, the researchers said.

Some levels of benzene – a known carcinogen – were more than 30 times the concentrations that would be found in the air at a petrol station when filling a car with fuel, they said.

“I think we should be very concerned about these findings. Benzene and formaldehyde are both known to be human carcinogens,” said David Carpenter, professor of environmental health science as the University of Albany in New York, who led the study.

SK: The Kaiser System

Stacy Summary: For tomorrow’s Keiser Report we interview Peter Bach, director of Sell Off; and Dr. Bob Gill, one of the doctors featured in the documentary about the sell off ...

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[KR672] Keiser Report: Nudging, Bludgeoning & Pigeoning

Both of us in a double-header discuss nudging citizen-consumers like pigeons and mental patients into behaving as the technocratic elite wish them to behave – more consumption, more selfies, more fatal masturbation. This behavioural outcome is achieved through rewarding desired behaviour with plastic trinkets and poker chips which make the subjects being controlled feel empowered by their decisions to behave as their controllers had wanted them to. We look at examples of successful nudging in the UK where the electorate is bought off with games of chutes and property ladders for correct behaviour. If nudging does not work, however, there is always bludgeoning as is done in the US where the Inland Revenue Service has been seizing the bank deposits of non-complying citizen-pigeons who have not incurred massive debts.

Here is the referenced Adam Curtis piece on BBC blog.

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More consumption, selfies & fatal masturbation!

[KR671] Keiser Report: Sinking British Ship

We discuss the increasingly bankrupt British government as a sinking ship on George Osborne’s river of denial. We also discuss the remedy for the ‘too many poor people’ for democracy problem being global trade deals like TTIP and TPP whereby elected leaders can claim ‘their hands are tied’ by contractual obligations. In the second half, Max interviews Helena Norberg-Hodge of LocalFutures.org about the Economics of Happiness in a time of rising inequality.

More info on the first Crypto Sasquatch to be named ‘Stacy.’

HOLY MOLY! Floods in Athens

Stacy Summary: Nothing to see here, move along.

Dr Strangelove’s vision of Utopia from 1966 looks a whole lot like the UK & USA 2014

Stacy Summary: I’ve read this recent blog post by Adam Curtis which has left me feeling quite nauseous! The creepiest bit is the part highlighting Herman Kahn’s vision from 1966 of how to create utopia without violence. Before the clip, here is the info you should read about Herman Kahn who was the founder of the Hudson Institute, an employee of the RAND Corporation and one of the inspirations for the character Dr. Strangelove.

strange-kahn

Watch the clip here (hopefully non-UK can also watch?) in which he (along with his assistant) sets out how to create a Utopia without violence:

Obviously, this ‘Utopia’ has been enacted as populations have willingly given up their privacy in exchange for this ‘Utopia.’

Adam Curtis then goes on to highlight a clip with BF Skinner, also from the same 1966 film on Utopia.

The film records an experiment in a mental hospital in San Bernadino – California. The patients are given rewards in the form of plastic fake money if they do what the doctors consider the right social behaviour. They can then use that money at meal-times to buy their way onto a “nice” table – with tablecloth and flowers.

Those without the rewards have to eat – as one of the nurses puts it, “in less elegant conditions”.

What emerges in the hospital is a new, ordered hierarchy created by a system of reward – but one where the patients don’t feel controlled – instead they feel “empowered” because it was through their actions that they received the reward. Skinner makes clear in the film that he sees this as a model for how to run a future kind of society.

Watch the clip at the BBC link.

Adam Curtis sums the two clips as such:

Watching these sections of the film does make you think that what is being described is spookily close to the system we live in today. And that maybe we have misunderstood what really has emerged to run society since the 1980s.

The accepted version is that the neo-liberal right and the free market triumphed. But maybe the truth is that what we have today is far closer to a system managed by a technocratic elite who have no real interest in politics – but rather in creating a system of rewards that both keeps us passive and happy – and also makes that elite a lot of money.

Your thoughts?

DSK partner leaps to his death

Dominique Strauss-Kahn’s business partner, Thierry Leyne, has committed suicide by jumping from one of the tallest buildings in Tel Aviv.

dsk-leyne

Word on the Paris boulevard is that Leyne Strauss-Kahn & Partners lost a lot last week in the market chaos. Whether or not the rumoured losses have anything to do with this, we don’t know yet.

[KR670] Keiser Report: Market Cycle Horrors

We discuss the looming crisis as investors chasing yield have piled into obscure and less-liquid assets leading to sell-offs in the more liquid markets during panics as investors sell what they can. We also discuss Fannie Mae & Freddie Mac and the FHFA (Federal Housing Finance Agency) lowering bank obligations on buybacks in order to spur more subprime lending. In the second half, Max continues his interview with Mitch Feierstein of PlanetPonzi.com about financial markets on the precipice.

[KR669] Keiser Report – Apocalypse Now

We discuss the horror, the horror of the apocalyptic scenes that central bankers have wrought upon the innocent and the deranged alike. This apocalyptic aftermath of meeting the Colonel Kurtz like central bankers is an economy in which the under-30s are left behind and the pauperization of workers through inflation. We also look at the testimony in the lawsuit by Maurice ‘Hank’ Greenberg in which it was revealed that then Treasury Secretary, Hank Paulson lied to Congress! In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about how democracy has been vaporised in the UK and the result is the falling wages which have led to protests in the streets of London.

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