Greek Ouzo and the CDS Puppetmaster

February 9th, 2010 by stacyherbert
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Stacy Summary:   Two different takes on the Greek crisis at the moment.

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Scary Charts and Serious Jumbo Delinquencies

February 8th, 2010 by stacyherbert
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Stacy Summary: We are still at the very, very, very beginning of the global debt collapse.  Until all this debt that can’t be paid is written off, we are going to be trapped in this state for decades.

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Kremlin Jibber Jabber

February 8th, 2010 by stacyherbert
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Stacy Summary:  We’re back in Paris; but here’s a picture of our last night in Moscow:

Max and Stacy at Kremlin

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Great Depression II, Part 2: Europe Entering Major Economic Crisis

February 7th, 2010 by stacyherbert
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Stacy Summary:  Lots, including us, have been warning that sovereign debt crises will be the second leg of this crisis, now that all the private debts of bankers have been transferred to governments around the world.  Germany, of course, are the savers of Europe, but they spent hundreds of billions last year after all their banks were wiped out by CDOs sold to them by all the usual suspects.  Johnson mentions Italy and UK coming up next after Greece, Portugal and Spain.  And, what about Switzerland?  Their banks were very much behind the global financial crimewave and hold debts many, many times their nation’s GDP.

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Fire Department Jibber Jabber

February 7th, 2010 by stacyherbert
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Stacy Summary: Fire departments are sending bills for their services.

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[1104] The Truth About Markets – London – 06 February 2010

February 6th, 2010 by stacyherbert
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Stacy Summary: The Truth About Markets . . . from Moscow.

For more download & listening options, visit Archive dot org

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[OTE39] On the Edge with Max Keiser – 06 February 2010

February 6th, 2010 by stacyherbert
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Stacy Summary: With guest, Catherine Austin Fitts.

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$400 Million Jibber Jabber

February 6th, 2010 by stacyherbert
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Stacy Summary:   BAE admits guilty to defrauding the US government, pays $400 million fine and . . . and in so doing still gets to bid for US government contracts?  Where are the Tea Party members or Republicans going crazy about this?  Oh that’s right, BAE was defrauding US govt by bribing rich people steal billions.  God forbid you are an organization (Acorn) that is set up to serve non-royals and non-oligarchs and just two low level members of your organization ‘help’ (but not really because they never actually committed a crime that could be prosecuted) a pimp and a prostitute defraud the government of a couple hundred bucks.  Then you are evil personified.  If you are a giant, mega corporation that is clearly engaged in systemic fraud up to the top executive, paying bribes to officials of many, many countries, setting up false bank accounts for royalty and oligarchs around the world, and hirig prostitutes for oil rich royalty . . . then well . . . sound of pin dropping.

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China to impose dumping penalties on US chicken

February 5th, 2010 by stacyherbert
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Stacy Summary:  Back from our interview.  It was fun.  Here is us waiting in our hotel lobby for our taxi to take us to radio station.  I see that while we were away, the tension between US and China has increased a bit.  Why anyone would want to eat $1 billion worth of Tyson chicken . . . yuck.  Don’t the Chinese know about all the crazy stuff those chicken are fed?

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A Lehman style tsunami of bad debt and suspending QE

February 5th, 2010 by stacyherbert
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Stacy Summary:  More on that next leg down.

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