Stacy Summary: We look at the scandals of foot massages and Ben Bernanke’s big clown feet. In the second half of the show, Max talks to journalist Micha Kat about the Bilderberg Group’s lawsuit against him.
Stacy Summary: Oh boy, there was one Canadian who did the whole ‘stick to what you know’ shtick when I pointed out the numbers on income and prices in Canada suggested a bubble there, or at least in some parts of the country. Anyway, looks like others are also expecting a Minsky moment soon.
Stacy Summary: I see that some House members are being investigated for alleged bribery relating to the financial reform vote. If Americans want to bring some integrity to the marketplace for politicians, then why not consider a sort of ‘quiet period’ before the listing, or voting, on a piece of legislation? So, once a bill is introduced it is quiet period and so too late for any related corporate buyers to purchase a particular congressperson?
Stacy Summary: That’s $4 trillion per day. A friend who was a currency trader at a previously major Irish bank said that each morning the forex team would be presented with the total assets of the bank that day and told to go trade it. This person said that it was such a terrifying and stressful job because every day could have been the bank’s last if one of these trades went wrong. And he was trading when volume was half what it is today. And all those bankers involved in a massive, expensive and elaborate fraud involving paying off tens of thousands of scientists just to get a measly few billion per year on some commodity that is easily replaceable are so stupid because there are billions to be scooped out of the $4 trillion forex market every day. And if you think the Dow melting down made it easy to hold up the population, wait until you see the currency markets meltdown. The consumer ponzi population will surely run in terror and panic when you crash it and give you their first born just to make the currency chaos go away.
Max Keiser: “This is a natural, lots of talented people in Dublin. Lots of unemployed people in Ireland looking for psychic retribution against the psychotic bankers who destroyed their economy. I think this budget will bust out to the mid-five figures pretty quickly and talent will attach itself to this project.”
Stacy Summary: We look at the year of records, from the record collapse in US house sales to new record temperatures, to a record year for payouts and to zombies. In the second half of the show, Max talks to Kate Sheppard, an environmental journalist at Mother Jones, about the ongoing crisis in the Gulf of Mexico and about the proliferation of corporate front groups.
**UPDATE**: In related news, this climate change debate between Sir David King and Lord Lawson and hosted by the CBI (the main UK business lobby) ought to be fantastic. This is what is needed, a real scientist, who also has an understanding of economics; and the former Chancellor of the Exchequer, not a clown like Lord Monckton.