Tuesday, November 18th, 2008...3:07 am
[996] Quarantining the bankers
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We talk about: Senators Inhofe and Grassley questioning role of Goldman Sachs in the bailout funds, demand investigation into any handouts to ‘friends of’ Henry Paulson; bankers begin committing acts of violence; Mad Max world in the billionaire class; amateur landlords flooding the rental market with homes they can’t sell; armed gangs poaching game across UK as black market in food thrives; Mark Cuban charged with insider trading; a fantasy troika of angry billionaires, Cuban, Mike Milken and Ted Turner to march on Wall Street; and gold, gold, gold.
Update: Was Mark Cuban set up for his role in financing ‘Loose Change’?
12 Comments
November 18th, 2008 at 6:36 am
stacy, stacy, oh jealous stacy…
why do you think we listen ?
the People are here for max’s singing, period!
without humor, and entertainment, you have no tolerable news.
ifo-tain-ment stacy, get it ?
you can’t separate the coco from the nut without making it taste like cardboard.
peace out.
-obm
November 18th, 2008 at 6:39 am
uh, i actually adore max’s singing
i was just teasingly referring to a comment we received five minutes before recording the show:
http://tinyurl.com/55rk6c
I think the commenter is also joking though
so don’t you worry yourself, long live max’s song
peace to you too
- stacy
November 18th, 2008 at 7:49 am
can max please re-explain how the asset-backed-debt is empty [zero], again?
i’m not sure that people get what the “ponzi” sheme is to which you so often refer.
you can’t mention this part enough. [at all]
i don’t think most people understand what’s at the base of the “financial crisis”, and that it’s really now become a much lower level “crisis of confidence”.
OH, and the counterfeiters are now going after ONE of their OWN; yes, mark cuban, used the fed’s own strategy of paper-priniting, by way of STOCK IPO.
i guess the “Little Bankster Rascals” don’t want him in the people-haters club no more…
new album links… [replace XX with TT]
hxxp://goleech.org/music/alice-cooper-along-came-a-spider-2008-2/
hxxp://goleech.org/music/tesla-forever-more-2008/
hxxp://goleech.org/music/guns-n-roses-chinese-democracy-2008/
hxxp://goleech.org/music/nickelback-dark-horse-2008/
hxxp://goleech.org/music/va-reggae-gold-2008-2cd-2008/
hxxp://goleech.org/music/lynyrd-skynyrd-greatest-hits-2008/
November 18th, 2008 at 9:15 am
Ron Paul was just now shown on Bloomberg and CNBC questioning Bernanke, in a TARP hearing in Congress, about whether he has discussed a new global reserve currency with other central banks. Bernanke denied it, and also stated that the only time gold is ever discussed with other central banks is in regard to their planned offloading of gold.
November 18th, 2008 at 10:07 am
This is the third time I’ve tired to post a comment, so one more time “badadap badapdapdabba there’s blood on the streets up to my ankles, there’s blood on the streets up to my knees”, aah if only, let the bankers follow the lemmings.
And if they think there hard enough, well we have Nosher ….
http://www.google.ie/search?hl=en&q=nosher+powell&btnG=Google+Search&meta=
Irish Style
http://news.bbc.co.uk/2/hi/uk_news/northern_ireland/6966493.stm
November 18th, 2008 at 12:24 pm
M&S: The headlines on today’s show suggest a solution to the credit/trade problems which have driven the Baltic Dry index so low: If shipping firms are unwilling to send a ship across the ocean, simply send it to the coast of Africa and let the pirates hijack the ship and pilot it for you. Sure you might have to give them 20% of the cargo but that’s not too much to ask.
@OBM: The original Mr. Ponzi was a clever criminal genius in Boston in the 1920’s. He promised $2 next week if you would invest $1 today. This worked for a while because more and more people bought into the system, including my father’s uncle. But such exponential growth cannot continue forever (eventually you run out of suckers) so the scheme collapsed. Similarly, the US’s solution to debt it to borrow more $$ and go further into debt. This will work for a while as long as you con(vince) people/countries to loan to you. But once they refuse….. See:
http://en.wikipedia.org/wiki/Charles_Ponzi
November 18th, 2008 at 6:40 pm
@original_brown_man
LOL. I think Stacy was referring to my earlier post where I asked Max to stop singing. nota bene: I was kidding. Max can, and will, always do whatever he wants. As it should be.
Besides, I’m just a humble peon listening to Max and Stacy’s erudite podcast; let;s face it, we’re all getting great entertainment - for free. They can both do whatever they want.
Just keep up the great work, guys. I’m really looking forward to the Oracle show.
“The tyranny of a prince in an oligarchy is not so dangerous to the public welfare as the apathy of a citizen in a democracy”
~ Charles de Montesquieu quotes (French Politician and Philosopher, 1689-1755)
November 19th, 2008 at 12:38 am
Max Keiser - Aljazeera English News - 16 November 2008
(First a G-20 News Clip is shown)
(Interviewer - Question) ” Max, positive words there from these world leaders, will the financial markets be cheering on monday morning? ”
(Max Keiser - Answer) “No, Bush mispoke he said that the worlds economies where hit hard but that’s not true. The worlds counterfeiting schemes where hit hard, the bond counterfeiting schemes from Wallstreet in the city of London where hit hard.
The counterfeiting schemes that has been exposed and the problem is that these G-20 Nations are not willing to get rid of the scoundrels and the criminals who are running the banks and putting in fraudulent faulty economy.
Somebody should issue a fatwa against Henk Paulson. Somebody should issue a fatwa against Henk Paulson because he is a infidel. This is the constitution of the United States. He’s not obeying the spirit of the constitution.
He’s issueing counterfeit money, counterfit bonds that’s why the global economy is in such a sad shape. The man is a financial terrorist. That’s the reality of the situation.”
(Interviewer - That’s not the hype populi, -That’s not the hype totaly, high totem-ly ??????)
(Interviewer- Question) The solution is what!!!!
” You have to go to a court of law take Henk Paulson and Goldman Sachs up for financial terrorism, put them in jail! This is counterfeiting the’re issueing bonds that are absolutely non collateralized. There’s 1200 trillion dollars worth of derivatives with no collaterel. ”
(Interviewer- Question) ” That maybe one responds to Henk Paulson but as far as the international global economy is concerned we have matters like; should the IMF be reformed, should countries like China and India have a bigger say in regulation and moderation of the global market? Did any of these get addressed and are these the way forward? ”
(Max Keiser - Answer) China, India, Europe all the banks own structured financial products sold them from Wallstreet. These are all counterfeit bonds that are exploding they are worth zero. For example they have no way of selling these bonds because they have zero value. As a result they dump oil and oil, because they are dumping oil to pay for these fraudulent bonds the price of oil has dropped and these developing nations are suffering because of this counterfeiting scheme that has zero value.
Bush is completely incorrect when he says the Global economy is suffering it is the global counterfitting scheme that is suffering. These guys are criminals. There should be a fatwa against these guys. He’s an infidel. Henk Paulson. His head should be bouncing down the Capital steps! I am sorry but that’s the reality of the situation!
November 19th, 2008 at 1:36 am
Max Keiser - Aljazeera English News - 16 November 2008 - second version
(First a G-20 News Clip is shown)
(Interviewer - Question) ” Max, positive words there from these world leaders, will the financial markets be cheering on monday morning? ”
(Max Keiser - Answer) ” No, Bush mispoke he said that the worlds economies where hit hard but that’s not true. The worlds counterfeiting schemes where hit hard, the bond counterfeiting schemes from Wallstreet in the city of London where hit hard.
The counterfeiting schemes that has been exposed and the problem is that these G-20 Nations are not willing to get rid of the scoundrels and the criminals who are running the banks and putting in fraudulent faulty economy.
Somebody should issue a fatwa against Henk Paulson. Somebody should issue a fatwa against Henk Paulson because he is an infidel. This is the constitution of the United States. He’s not obeying the spirit of the constitution.
He’s issueing counterfeit money, counterfeit bonds. That’s why the global economy is in such a sad shape. The man is a financial terrorist! ”
(Interviewer - remark) ” Ok, Max … the hype populi!(high totem-ly - hype Totaly! - ??) aside from one real..(reality?), can I just ask you?
(Max Keiser - Answer) ” I mean that’s the reality of the situation. That’s not the hype populi!! That’s not the hype populi!! ”
(Interviewer - remark) ” Well I am sure they are not counterfeit as you…(say?)!? ,
(Max Keiser - Answer) -That’s not the hype populi!, that’s the reality of the situation. They are absolutely counterfeit! These bo…(bonds)”
(Interviewer- Question somewhat irritated) ” So, the solution is what? The solution is what!!!? ”
(Max Keiser - Answer) ” You have to go to a court of law take Henk Paulson and Goldman Sachs up for financial terrorism, put them in jail! This is counterfeiting the’re issueing bonds that are absolutely non collateralized. There’s 1200 trillion dollars worth of derivatives with no collateral. ”
(Interviewer - Question) “Ok, That maybe one solution (HuH?)That maybe one responds to Henk Paulson but as far as the international global economy is concerned we have matters like; should the IMF be reformed, should countries like China and India have a bigger say in regulation and moderation of the global market? Did any of these get addressed and are these the way forward? ”
(Max Keiser - Answer) ” China, India, Europe all the banks own structured financial products sold to them from Wallstreet. These are all counterfeit bonds that are exploding they are worth zero. For example they have no way of selling these bonds because they have zero value. As a result they dump oil and oil, because they are dumping oil to pay for these fraudulent bonds the price of oil has dropped and these developing nations are suffering because of this counterfeiting scheme that has zero value. Bush is completely incorrect when he says the Global economy is suffering it’s the global counterfitting scheme that’s suffering. These guys are criminals. There should be a fatwa against these guys. He’s an infidel. Henk Paulson, his head should be bouncing down the Capital steps! I am sorry but that’s the reality of the situation! “
November 19th, 2008 at 7:15 am
Wallstreet used to be the wall to keep the pigs out!
How they heck did they ever got in?
November 19th, 2008 at 7:49 am
@chris
“In 1907 Ponzi moved to Montreal, Canada, and became an assistant teller in the newly opened Banco Zarossi, a bank started by “Louis” Luigi Zarossi to service the influx of Italian immigrants arriving in the city. Zarossi paid 6% interest, double the going rate, on bank accounts, and was growing rapidly as a result. Ponzi found out that the bank was in serious financial trouble because of bad real estate loans, and that Zarossi was funding the interest payments not through profit on investments, but by using money deposited in newly opened accounts. The bank eventually failed and Zarossi fled to Mexico with a large portion of the bank’s money.”
HAHAH that sounds fa-mi-li-ar
November 19th, 2008 at 11:19 am
Judas Priest - “Some Heads Are Gonna Roll” [HQ]
http://www.youtube.com/watch?v=zdHFsYpTLt8
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