Blog Archives

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.

Britain isn’t working, it’s borrowing

Stacy Summary: This is the problem with neo-feudalism. One, obviously, cannot tax the oligarchs, lords, banksters and property speculators, which leaves you with the ugly people who have to work for food (and then just barely). This is the inevitable conclusion to any such pyramid scheme.

UK government debt soars 10%

osborne

The state of Britain’s finances deteriorated unexpectedly in September, pushing the deficit 10% higher in the first half of the year and leaving the chancellor further off course in his deficit reduction plans.

Borrowing last month totalled £11.8bn, £1.6bn higher than September 2013 and more than a billion higher than City economists were forecasting, as government spending increased more than the value of its tax receipts.

And here is the evidence of the denial of the small ruling elite and the few lucky winners of Thatcher’s great Right to Buy giveaway:

The public finances have been consistently weaker than expected in recent months according to the Office for National Statistics data.

To build a system in which unearned income pays more than earned means necessarily that it is far less scaleable than a German like system where wealth creation pays more.

wage-growth

And then this idiotic statement: “Britain borrows more than a year ago despite the recovery” . . . um, it’s “Britain borrowed more and so GDP rose, but it was just debt backing illusory house price gains and not wealth creating jobs or manufacturing.”

Christophe de Margerie, CEO of Total, dies in small plane crash in Russia

CEO of Total dies in plane crash

total

I first heard of de Margerie when we made the film Peaked for Aljazeera English. He was the first senior oil executive to mention ‘peak oil,’ which angered many others in the industry.

The last we heard from him, however, was from this July 5, 2014 Bloomberg story we covered:

Total’s de Margerie Sees No Need for Dollars in Oil Purchases

“Nothing prevents anyone from paying for oil in euros,” de Margerie told journalists at the Cercle des Economistes conference in Aix-en-Provence, France. “The price of a barrel of oil is quoted in dollars. A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euros.”

The remarks from the head of France’s largest oil company are the latest in a debate sparked by an $8.97 billion fine slapped by the U.S. on French bank BNP Paribas SA (BNP) for transactions carried out in dollars in countries facing American sanctions.

I’m sure it had nothing to do with his death, of course [insert nervous laugh], but here’s the second comment on that Bloomberg article:

Also someone take a life insurance policy on that guy I have a feeling Langley mercenaries will make someone rich

Will post an update when/if this is confirmed any time soon. At the moment, only RT is reporting this. I’m assuming they have pretty good connections inside Russia.

It is being confirmed by other sources now, including Bloomberg.

Subscription Crash of 1987

Stacy Summary: Mitch Feierstein of PlanetPonzi.com came into the studio today for his first ever double-header Keiser Report. As he was on such a roll, we had to have him ...

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Hannity is intellectual terrorism billboard financed by Startjoin.com crowd

The billboard financed by the crowd at StartJOIN.com has gone up overnight in Chicago!

Here it is in situ:


Here is the original:

HANNITY_small

No can do: Li unable to meet Ukraine president due to ‘full schedule’

li


[KR668] Keiser Report: Punk Rock Gobbing from Central Bank

We discuss Johnny Rotten calling Russell Brand a ‘bum hole’ and offer the Keiser Report show as a platform for a debate between the two. Max notes that quantitative easing is the central bank equivalent of punk rock gobbing. We highlight several of the many market distortions similar to the insanity leading up to the 1929 market crash – including $140,000 AUD cats. In the second half, Max continues with his interview of Professor Antal Fekete of FeketeResearch.com about how the 1921 bond market collapse led the US Federal Reserve & Treasury conspiring to illegally introduce open market operation, leading to a situation in which profits in the bond market are risk free while profits in the commodity market are NOT risk free.

[KR667] Keiser Report: Trickle Down Terror!

We discuss the case of trickle down clown terror as the clowns terrorizing California behave like the central banking clowns scaring the global markets. In the second half, Max interviews Professor Antal Fekete of FeketeResearch.com about deflation, bonds, and how it is that the current European depression is worse than the Great Depression of the 1930s when Fekete was a child.

Stocks plunge, Treasuries gain, oil tumbles

Stacy Summary: More turmoil. Has Jim Cramer started yelling at Janet Yellen that “it’s no time to be an academic” blah blah blah.

Treasuries Gain as Oil Drops Below $80 While Stocks Slide

Treasuries and the dollar climbed, oil fell below $80 a barrel and U.S. futures plunged more than 1 percent in one hour as concern deepened that global growth is slowing. European stocks slid an eighth day in the longest rout since 2003 and bonds from Greece to Spain tumbled.

To put the European disaster into context:


Paris’s ’Squalor Pit’ Gare du Nord Becomes French Decline Symbol

On a recent afternoon at Paris’s Gare du Nord train station, a man leans against a lamppost with an empty wine bottle at his feet and spouts a jet of pink vomit over a parking bay for public bicycles.

Locals hurry by, avoiding looking at the man, while visitors stare in fascinated horror.

Going DOWn!!!! #margincall

Stacy Summary: Will the equity markets finally catch up to the deflationary spiral that currencies, bonds and oil have been signalling for the past three months?

dow

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treasury

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