24 responses so far ↓

• Mep

  Apr 4, 2009 at 2:21 am

  

  The article about the UK is freakish.  I love how they throw around the word “stigma” as if perceptions about the IMF (and the consequences of taking loans from it) are actually overblown or something.  Perhaps in order to guard against stigma, they’ll force all countries to borrow from the IMF–sort of like how the bankers claim that Paulson forced them to all take TARP money . . . so as not to single out the weakest banks.

  For anyone interested, I’ve got a link to Title 12 Section 1831o  of the US Code: the Prompt Corrective Action law that William Black referred to in his interview with Bill Moyers.  I’ve sent the link to the White House a couple of times in the past and asked why Geithner is breaking the law. Also brought it up on the old Obama campaign site–which is monitored by a staffer. Seems like nobody except for Black is interested in the law.

  It’s here:

  http://www.law.cornell.edu/uscode/uscode12/usc_sec_12_00001831—o000-.html

  And here:

  http://robertreich.blogspot.com/

  is our Former Clinton Labor Secretary calling our “recession” what it really is.
• Dennis Bauer

  Apr 4, 2009 at 2:33 am

  

  Just wached Bill Moyers boy does it leave you cold, how stupid are the American people, the bankers and their polition mates should all be in jail. bet it never happens, their greed knows no bounds, its hard to get your brain around it, Max and Stacy have been telling us about it, but thats it ,it is so hard to get your head around it, thanks Max and Stacy for telling us.
• ItalicBold

  Apr 4, 2009 at 3:15 am

  

  Bill Moyers was excellent, nice of him to mention some of the stuff Max has been saying for a while now on AIG among other things.
• Robert Fireovid

  Apr 4, 2009 at 5:18 am

  

  I would really like to show my neighbors a DVD or audio CD of Max Kaiser talking about the transfer of wealth from communities to multi-national banks and corporations. A DVD of his recent interview on France 24′s “Face Off” would be perfect. Are such products available?

  Thanks
  France 24’s “Face Off”
• Siv

  Apr 4, 2009 at 5:37 am

  

  Video link: http://www.youtube.com/watch?v=CQ4JXW_ErXQ

  for
  Are Geithner and Obama lying and breaking the law? Keating Five whistleblower says so on Bill Moyers
• Manoj

  Apr 4, 2009 at 5:39 am

  

  haha we can trust only ron paul he is the only true savior of the world .Though i am not sure if i agree with all his views but he is far ahead of every leader only close second being Wen Jiabao
• Cricket

  Apr 4, 2009 at 7:15 am

  

  The Moyers interview is indeed a must read!! Holy cow! But will anyone do anything??
• Photoception

  Apr 4, 2009 at 8:07 am

  

  You should get William Black on the new show. It was funny to here Bill Moyers react so astonished.  “Wait , you mean it was all just one giant fraud?” 
  “Yes!”

  Just to hear someone with a milligram of lucidity on US TV made me giddy. Max Keiser,  America needs you!
• Scott from Oregon

  Apr 4, 2009 at 8:09 am

  

  Keep up the drumbeat…
   
  Fraud Fraud Fraud!!!
   
  Here is the You-Tube link to the Moyer’s interview–
   
  http://www.youtube.com/watch?v=CQ4JXW_ErXQ
• Lloyd

  Apr 4, 2009 at 11:00 am

  

  I can imagine the transcript for a Moyers interview of Obama:

  Moyers: Why are we bailing out the fraudsters who got us into this mess?

  Obama: … umm … ahh … there … umm … let’s … hmm … ok … umm … it’s like this … I … umm … oh, are we out of time already?
• StephenLV

  Apr 4, 2009 at 11:28 am

  

  Bill Moyers on the Oil owned PBS interviewing a guy who worked hard to elect Henry Kissinger’s boy. Yep now that is the ingredients for the truth.

  Did either of these people mention Soros or the Rothchilds?
• Nordbo

  Apr 4, 2009 at 12:18 pm

  

  I just found an honest financial system, beside the dominating fraudulent one,  in my own country. I hadn´t heard of it before:

  “A report about Swedish interest-free bank JAK”, part 1
  http://www.youtube.com/watch?v=aW2pj109Cr8&feature=related
• Don

  Apr 4, 2009 at 12:28 pm

  

  Max, Stacy. Stacy and Max. I love you guys! Max you sound down in the dumps on tweet #9. Hang in there brother. You have been doing the right thing for ALL! They only try to shut down the truth tellers who present a threat to their lies. Don’t worry Max, have faith that their game can not go on forever. Even the worst of times must come to an end, and everything that lives will come to an end as well. The question that this provokes then, is: How shall we chose live until that fateful day? You are living by your conscience and that is all a man can do, you are doing the “rite” thing by helping others to know the truth.

  Thank you. Don
• Manoj

  Apr 4, 2009 at 12:51 pm

  

  You should have linked Peter Schiff’s commentary on “Mark to market ” accounting and the rule changes there .A very well written nice article .Let’s play pretend http://safehaven.com/article-13000.htm
• Mep

  Apr 4, 2009 at 1:33 pm

  

  Manoj,

  Did you catch Nassim Taleb on Geithner’s banking plan, the G-20, and the mark-to-market change?

  Good stuff:  http://www.bloomberg.com/apps/news?pid=20601103&sid=a7DbIc6WLhmU&refer=us
• StephenLV

  Apr 4, 2009 at 1:40 pm

  

  The Schiff article is good, nice to see him broadening his perspective. Maybe he can then move onto the petrodollar etc, help him figure out why the Dollar is not collapsing like it would otherwise.

  Mark to Market is why the meltdown has become a near total collapse of the Global Financial Structure.  It is brilliant in concept and in destructive power. Like the War on Terror and the desire for “security”, similar  MTM uses the good intentions of the masses using naive calls for “transparency” and uses this as the force to gut assets.

  MTM has cost Americans alone half their wealth (so far). It has gutted our Stock Markets, Real Estate, Small Businesses and State and Local Governments. Similar stupid procedures  created the Bubbles which they then popped with MTM. It is a planned implosion, gutting of the American State to force balance and a One World Government run by a handful of International Bankers.
• Chris

  Apr 4, 2009 at 10:15 pm

  

  Not related to today’s stories, but to the “bear market rally” on Wall St. the last few days:

  Bank of America/Merrill Lynch have been caught by bloggers at ZeroHedge fraudulently pumping a stock yesterday.   The company benefitting from Merrill’s hype (Kimco) then turned around and paid off BofA a $700 million loan, helping to clear their books.

  http://zerohedge.blogspot.com/2009/04/wall-street-back-to-its-criminal-ways.html

  In the film “Rigged Markets” Max mentions over  a dozen techniques banksters use to defraud market participants.  Max, does this qualify as “Pump and Dump” or something else?
• Matt Smyth

  Apr 4, 2009 at 11:10 pm

  

  I just wanted to point out that alex jones  does more harm then good with his antics. Exposing real scandal is important but  messing  it up with conspiracy just turns people off. alex jones thinks that the fed owns Russia and Putin is just a puppet. Im just sayin….
• Chris

  Apr 5, 2009 at 12:06 am

  

  S&M,

  Thanks for the CalPers info.  I’m a CalPers member so that impacts me.  I just linked the Bloomberg article to my simple webpage: 

  http://toxiccalpers.org
• Emiliyan

  Apr 5, 2009 at 1:30 am

  

  Very good analysis of expected US budget deficit: Widening Deficits
• Ben

  Apr 5, 2009 at 1:30 am

  

  I want to say firstly, I like Max’s take on things overall, but I think you’re getting carried away with this assertion that it’s now a global battle between economic slaves and oligarchs.

  If people find themselves enslaved by debt, it’s their own fault.  The only sad thing is that the powers that be are choosing or being duped into helping the “big” people instead of the “little” people.

  Also, in regards to his statement about the government helping or bailing out the oligarchs and not the peasants,  Max needs to get his story straight.  Does he want the government to intervene in the economy or not? 

  If he does then he shouldn’t condemn the government in the U.S. for taking steps to effectively put the auto-makers into bankruptcy and threatening the workers’ pension funds.  If the government hadn’t intervened and let the auto-makers, like the banks, go bankrupt, then the pensions would still be in jeopardy.

  The demise of the auto-industry was just a matter of time, the current economic crisis merely expedited what should’ve taken place anyway.  Those workers, if they had any sense would’ve realized by now that their jobs, and thus their pensions, have been on the verge of extinction for a long time.  People have to be aware of what’s going on around them and take responsibility for their lives and not hope or assume that their union or the precious government is going to be the one to save their sorry asses.

  The only person who can truly look out for one’s own interests is the person one sees in the mirror each day.

  My biggest question in all of this is, how come crooks that ran Enron, Worldcom and the like can be led off in handcuffs and sent to prison, but the people who ran rupshod over the system like those at AIG, Citigroup, as well as the regulators and the rating agencies aren’t getting the same treatment, or otherwise being held account for what’s happened?

  Anyway, I still like you Max.  anymore stories about sadistic french bakery bitches are always appreciated

  Ben
• Mep

  Apr 5, 2009 at 1:47 am

  

  A couple articles:

  - on pensions:  State pension funds want to buy toxic assets:  http://www.reuters.com/article/newsOne/idUSTRE53323S20090404

  - on the “liberal media” threatening to close down the Boston Globe if the union doesn’t agree to concessions:  http://www.reuters.com/article/newsOne/idUSTRE53303820090404
• Mary Helburn

  Apr 5, 2009 at 7:40 pm

  

  This PBS  interview is a very in depth, but relatively simple explanation of who did what to bring down the world economy.   It is a must view for everyone.    It is a no-holes-barred account, not as colorful as Max, but it says it all.   Paulson and Geitner need to be indicted.  In a normal world they would already be on trial, but since they are calling the shots, they have escaped it so far…  Max was absolutely spot on when he said Paulson’s head should be rolling down the capital steps.

  http://www.pbs.org/moyers/journal/04032009/watch.html
• Dave

  Apr 7, 2009 at 9:50 am

  

  “If people find themselves enslaved by debt, it’s their own fault.” 
  That’s fair enough, but I think Max’s point is that we’re all now enslaved by that debt, whether we took it on or not – except for the oligarchs who can put their winnings in a nice tax-free offshore account. Even those who never borrowed in our lives will be paying through job losses, temporary/part-time/casual work, low pay and higher taxes. We’ll all be slaves to this for a long time.