Keiser Report - Markets! Finance! Scandal! (E19)

[megamogx]

George Soros=Mental Midget

[escobari]

talk about complicated bullcrap

[mspookie]

This guy is an idiot.

[wilku71]

populist agenda presented by annoying guy who seems to know nothing... Soros would appear on your show not because he's got something to hide, he just doesn't want to waste his time

[eatandtravel]

The creation of an CDO ISN'T designed to fail. It can. The guy is so off.

[theblackmafia71]

Hello im che and as well as being a nonce im a IRA SUPPORTER!

[Che870]

@theblackmafia71 NAH YOU JUST WATCH MEN BODY BUILDING : ) YOU SAD CLOSET  CASE : )

[xadam2dudex]

every dime stolen by the corrupt bankers and trader should be taken back and they should be thrown in jail for life

[John0Free]

Karl --- He is tenacious.

Gooo Karl

[jerseyflex238]

oh boy...Ну чё Лондон ты готом нагнуться? мы едим!)))

[bertly71]

Like Greece, they are all on a slippery slope.

[popcur]

@bertly71 USA could be the SuperBowl of defaults. 3.8trillion dollar budget.

[bertly71]

Agreed. Sometimes our politicians seem to be driving us off a cliff.

[Shameonfed]

Go Karl D!

The Hammer is in the house!!

[eliasmouawad]

Search for "CIA NEW FIASCO"

[CelticReject]

Gormless Brown should be tried for treason, along with Blair, Milliband and Darling. Oh... and Harriet Harmen.

[chena3]

china

bought all 119 tons of imf gold

probably paid with us treasuries

[KnowledgeDriven]

@chena3

ya! that's the rinse cycle there...

i.e. buy computerized imf gold-paper (aka SDR reserves) with computerized usa treasury bond-paper (aka U$D reserves).

now all that computerized us-paper can hide in another corner all tucked away nicely and those SDR's are AAA+ assets on sovereign books.

sure hope there's lots more corners out there for this toxic waste cuz 'someone gonna get a hurt real bad' when the band takes five!

[sugarpuddin88]

The bankers have employed the same play for centuries

Here is how it works

First they flood the market with easy money; then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).

When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off

Once everyone is in bankruptcy, these same bankers come in and swoop up all the assets for pennies on the dollar!

[sugarpuddin88]

Just face it: Americans love to bend over & take it like a little yatch!

Meanwhile, my Norwegian Kroners are going ballistic - Thank god I rolled all my IRAs, 401s & annuities into foreign currency IRAs

Now I'm making a killing!

The worse America does, the more money I make!

Go America Go!

[amcanmike]

WHAT TO DO, WHAT TO DO???

[intrnetuseronyutube]

the music at 13:10 can anyone name the artist?

[Horizon1291]

If you haven't seen episode #18,

watch it

21min in is the best part

[FreeTheNation]

This practice of Social Engineering, by the US GOVT, has wrecked the most successful economy in the world. Had the government not interferred with the Free Market, housing prices would have never been blown up and mortgage defaults would have been kept to a minimum because consumers wouldn't have been lured into buying homes that they can't afford. Poor people SHOUL NOT BE BUYING HOMES....they need to rent and save money for a purchase. PEOPLE - you need to live within your means.

[decepticonsofnwo]

@FreeTheNation Absolutely correct, unfortunately the housng bubble and credit bubble ends up falling off on the American people through inflation, bankers got bailed out at our expense which caused another dominoe to fall now we got central banks and governments ready to phase out of our currency, multiple factors will result in the death of our economy and currency

[FreeTheNation]

...(cont) to the extent that it has created BIZARRE and MASSIVE distortions and Moral Hazzards. Exhibit ONE:

In order to be approved for a home mortgage, the borrower should be depositing a MINIMUM of 25% and should be paying the bank a MINIMUM of 12% interest and a MAXIMUM term of 20 years. THAT is how banking is supposed to work in a free market. The US Government's goal of "putting house on every lot" was in competition to the Communist goal of a "Chicken in every pot"

[OghamTheBold]

Beside the fact gold makes your hair fall out, CNN said the world will never be able to recreate a gold standard

[FreeTheNation]

Keiser is wrong:

There's an elephant in the room that nobody wants to address. At the ROOT of the economic problems we face is the attempt by the US government to Redistribute wealth and make the entire country have the same "Equal Opportunities." This has resulted in horrible ideas like the FHA, Fannie Mae and Freddie Mac, which were all created to accomplish some Utopian, Socialistic Agenda that could NEVER have worked. The US government has interferred in the Free Market....(cont)

[Irondukesteve]

This should be the Stacy Herbert Report with Max Keiser as his assistant.

[jokertim777]

The unemployment study cited was designed to inflame class war. It set the bar for "rich" households at $140K? Ridiculous. As for the rest, its just common sense.

Show me an economic downturn where the least educated, least skilled workers weren't the most vulnerable. Why would companies choose to lay off employees who are hard to replace in favor of easily replaceable low wage workers?

Saying "Trickle Down" doesn't work would imply that Obama has been using it... has he?

[TWISTbeats]

unemployment in spain is over 4 million i heard.

[VegasRage]

I feel refreshed, reinvested, the world is so full of promise. Well then, happy Wednesday.

[alennna]

I do not like it that Mr. Keiser fails to admit that not only the wall street gets its profit no matter what (mostly from the fees, regardless if the mutual funds, derivatives perform or fail) , but the Gevernments get "their" taxes from the so called average investor no matter what as well.

[nasenmann78]

seems to be a guest with competence in financial instruments.

following his arguments, however, was a bit hard for me (and probably for max keiser as well).

didn't really get his description of the goldman-sachs synthetic CDO's which people only would buy if they expect losses in an economy.

are those synthetic CDO's similar to stock options used for blanking or what?

how are they misused in this specific Greece-goldmanSachs business?

anyone who can explain for me what this guy is talking about?

[maxkeiser]

1) I wanted to break down the language to appeal to as wide an audience as possible

2) I could not spend the whole interview on just this one point . . . so, hopefully, the discussion at least got enough into the topic to get people to do their own follow up.

[trinomialtree]

max, despite your show being hugely entertaining, you are not going to have a relevant profit model broadcasting on youtube.

would you like to securitize your show? in a feudalistic society, information distribution is big business - hail the newspaper barons of yesteryear - therefore media control & arbitrage is the next step in the internet revolution - come back abroad our bandwagon and rejoin your brothers - we can enhance valuations over and above your previous (200m) ventures.

[jokertim777]

I'll try.

A hedge fund identifies a trend (decline of a certain market segment) it wishes to profit from, but can find no way to do so. It creates a product (SCDO) which will pay off for the hedge fund if the trend continues, but will cause losses if it reverses. The investment bank agrees to offer the SCDO as a product to investors. The investors aren't told they are betting against the expert analysis of a hedge fund and are the suckers in the deal. HFs & IBs are colluding to rob you.

[motonegros]

Ever fart in your hand and smell it?

[imigrantpunk]

I like Max a lot, but he appears to be really out of it here. First he can't respond to Stacey's comments in a coherent way (and just shouts out some unrelated talking points). Then he can't wrap his head around the synthetic CDOs, even after Karl so eloquently explains them.

[Agogaraxis]

i am holding a penny in my hand. we might constitute an angry horde? I am happy I have a penny :o)

[freedominsomalia]

minimum wage needs to go to help create employment

[davincij15]

You are absolutely right if I was not forced to pay someone $10 (minimum wage in Canada) I would hire some one to work for me.

[cds162]

190tons of gold?

I got some extra money in my piggy bank......

[signboyy]

i bet you our government is waiting for china to do something that is considered "agression" or "economic warfare" and then use that as an excuse not to pay all of the debt we owe them. and they china will have no choice but to declare war. then its world war 3 everyone.

maybe behind closed doors we are telling china to go ahead and reclaim taiwan and we wont do anything. then once they invade we will say to the world, that is an act of war and we arent going to pay china all the money we owe

[sfmain]

THANK YOU SIR!

[phfrankh]

The sad thing about all this fraud, is that Governments will "cut off" a single mother living on welfare for not reporting an extra $100.00 in order to feed/clothe her children. Unbelievable!

[exmiles]

Waw! Everyone is cared!! I think they got their pants dirt this time and will get out of the the GOLD market, 15 pps, that's too much! Why don't the crooks try to dump it 200pps!!

DO IT!

I bet everybody will buy all of it back!

[CaptJJYossarian]

The real panic today:

The rich are running out of workers to steal from.

[Agogaraxis]

@CaptJJYossarian BINGO! What will they steal next? Space money if there is somehow such an impossible thing

[intrnetuseronyutube]

what is the name of the music track starting at 13:10 anyone know?

[smudge6699]

There is 43 times more debt than there is money to pay it off.

Time to all hold hands and face a common enemy, letsturn if into their prison planet!

:-)

United we stand, the world is set up to maintain division.

We need an US with no THEM.

[midnight9wanderer]

Karl is the best analyst that I know if on these financial engineering antics.

[AGENTofNURU]

The drug dealer analogy is precise:

"He can care less who wins or loses he just wants his fees"

Sounds like the elite behind the Olympics currently going on - few make huge profits while the masses get off of a created illusion of win or loose.

[sharpsteve2003]

Max and Karl! Give em hell guys!

[BITARTEN]

Max is the best.

Here in Spain economy is collapsed.

Max is right. Thanks a lot for the information.

Thanks RT

[JAG82]

how soon is soon??

[midnight9wanderer]

George Soros has Jim Rogers envy !!!

[davincij15]

Max does not understand how the CDO and synthetic CDOs.

[DavidAKZ]

Does Karl D ?

[davincij15]

Karl get's it but he is to smart to see what's right in front of him. He sees everyone betting on the dollar and bonds and since you can't collect on Armageddon he is betting with them.

Last time I checked after Rome fell because the debased the money, the population went into the dark ages but people where still here and the world did not end. :)

That is the one thing he can't see, just like the person who flew his plain into the IRS. He did not see he could run and hide.

[monoxygen2012]

Max How much longer will it take before Canada starts seeing the effects of whats going on in the states over here people need to WAKE UP and some that are awake say yeh we know but what can we do about it I say its time to get f- mad

[kmg501]

Keiser is a pedophile loving douche.

Ask him how come he vigorously supports the child rapist Roman Polanski.

.

[mopme2008]

it wasnt "rape rape"

[RemiG2006]

@kmg501

Pedophile or not he is right about ongoing economic problems as well taxpayer rape by the few from the wallstret.

[superskunkfooker]

@kmg501 Go to hell because we LOOOOOOOOOOVE MAX!

[superskunkfooker]

@kmg501 And how can anyone not like Sweet Stacy Sherbert?

[magichandpuppet]

for the first couple of seconds I thought Max was wearing a bullet-proof vest :)

[Melville10]

He'd have to if he made an appearance on any of the American news networks (e.g. CNN, FoxNews, ABC). He tells it like it is.

[toeg1]

CPI = Consumer Price Index

It talks about how much stuff costs to the consumer. It goes up during inflation and down during deflation.

The EU won't like what Sach's has done with Greece. They probably aided others as well, maybe Ukraine, Lativa, Bulgaria, who knows. The EU will pull the plug of they keep this up and China would be right behind them. They're waiting for one more major downturn and then, it's goodbye hegemony.

[mrzack888]

ok, this shit is getting ridiculously confusing. a guy with a finance degree couldn't even understand what the hell they're talking about.

[BamaKattt]

what is CPI?

[howardb42006]

Excellent guest Max 5 *

[thetimman00]

Obama gets it. His actions are corrupt.

[smartpeeple]

buy food -- you can't eat gold

[foolcow1976]

Are you going to put your life savings in a warehouse full of beans? You'll be bankrupted by rats.

Generally, the advice to buy gold is directed at people who have enough money that it would be impractical to use all of it to buy essential supplies.

When people point out that you can't eat gold, I usually say "you can't eat federal reserve notes either."

[DavidAKZ]

How many people do you know -including yourself- who own gold ?

[toddi1971]

I have silver, because i only have little money and i believe it is the better deal.

[Hendo1974]

Start stockpiling now, get extra food, water-filter, seeds, junk silver/gold etc !

[takforalt]

Clearly then these synthetic CDO's are fraudulent.

Bring criminal charges to those involved.

[wdcsucks1]

we are in WW3

[KhmerD0g]

economically speaking. then comes real bullets and bombs

[Djelomou]

not yet not yet...but soon

[JAG82]

how soon is soon 1wk 2 wks 1mth??

[vangalex]

the little guy is sure to get wiped out. Buy goods now while they are cheap.

[CredoCatholicJournal]

The US Congress is the best Congress that money can buy.

[1madaboutguitar]

I can help but think of the joker from the old  Batman when I look at Max

[lisajason111]

Soros, from various credible sources, are criticized as the button man of the financial lords

[FromDimmuLand]

Citibank is to implement a 7 day Wait Period on withdrawels, Fact.. Check it out !

They say they are not going to follow the up on the 7 days, but I think they say that to fool people, so they dont take out theyr money before they implement it ..

[Steenville]

Correct, FromDimmuLand- and this is very suspicious. Bank holiday coming sometime this year..

[DavidAKZ]

reference ?