[1031] The Truth About . . . Financial Oligarchy – 16 May 2009

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If you’re not petrified, you’re not paying attention to the 5% chance of complete collapse of global financial system

Stacy Summary:  It’s been compared to the Great Depression, and, as with then, there are all sorts of claims that the worst is over.  I think the next leg of the crash is about to begin soon.  As with the Great Depression, the second leg down is when it gets really bad.   What are you thinking?

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If Abramovich is an ‘oligarch,’ then can we start calling US bankers ‘oligarchs’ too?

Stacy Summary:   Let’s just call bankers ‘oligarchs.’  I mean, the MSM always refer to the likes of Abramovich, for example, as ‘Russian oligarch.’  He is never referred to as a ‘Russian businessman.’  So, why not the same treatment for Goldman Sachs or JP Morgan bankers?

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Once the people realize their savings are gone, there will be revolution

Stacy Summary:  The billionaires are preparing while the ‘middle class’ still hold out hope, diving back into the housing and equity markets hoping for, praying for one last chance at the wheel of fortune.  Once these desperate speculators realize that they all collectively bet on red by betting on asset price inflation as retirement plan . . . there will be unrest, according to South African billionaire, Johann Rupert.  What do you think???

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Insider says “Geithner enriches speculators with sham bank bailouts”

Stacy Summary: I wonder how long before this guy ends up committing suicide ala Libi

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[Video] Max Keiser on global money laundering

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If you are looking for hosting service, Stacy recommends Dreamhost

Stacy Summary:  After using them for four years now, I want to say that Dreamhost are the best.  They always respond to any problem within half an hour (in my experience) and it is always a personal response from a real human.  Any problem I have ever had is resolved quickly.  So, I personally recommend them if you need a host.  You an register for a domain or a server here.  When they ask who recommended you, enter stacy at maxkeiser.com!

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The US dollar hot button, Paulson’s threats & On the Edge with Max

Stacy Summary: First off – sorry for the downtime on the site last night.  Apaprently, we were being bombarded with traffic from yahoo as our site was hijacked via a plugin (apparently Tweet This) and so, alas, our bandwidth limit was hit.  Next, Max has a new series from tomorrow, a co-production with Associated Press TV & Press Tv called “On the Edge with Max Keiser.”   We are also hoping to do versions for other networks, including one that I may be able to announce by this weekend.  So, tell me what you think about all the threats in today’s headlines!

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[1030] The truth about time balls & kiwi shoe polish

Stacy Summary:  The second episode of The Truth About Markets for RDU 98.5 FM Christchurch, New Zealand in which Max and Stacy ponder the mysteries of the time ball.  Brownie points for anyone who can explain what one is (no cheating/googling)!

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Fed needs to raise rates soon but needs to end the bailout mentality now

Stacy Summary:  The Fed needs to do a lot of things.  First, it needs to disarm and disband.  What do you think the Fed needs to do?  Or do you think something needs to be done to the Federal Reserve?

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Tough times for Russian and American oligarchs as pay & power curbed

Stacy Summary:  The Norwegian oil supply story suggests oil will be at $100 again soon.  What do you think?  Norway’s sovereign wealth fund has also lost almost all the profits it gained over the past decade or so, so it’s doubly bad news for them.

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“Because the mega-banks need cheap money, we need to screw you on your savings”

Stacy Summary:  Green shoots for the well-connected financial oligarchs are tumbleweeds for those outside the royal court.

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The Fed won’t get out of bed for less than $9 trillion; while Goldman acquires divine rights for chump change

Stacy Summary:  Oh please stop asking the financial aristocracy such crass questions about money.  It’s just so beneath their station.  The financial oligarchy are really making their moves in today’s headlines.  Do you think we will ever know which oligarchs got the $9 trillion?  And will the people ever see it back?  The Russian people never saw the return of any of their looted wealth, so I doubt the American people will either.

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Zombie loans breathe life into zombie companies to sell more to zombie consumers

Stacy Summary:  I see zombie nations, zombie banks, zombie corporations, zombie consumers and zombie military missions.   Any ‘rise up’ now will be like the night of the living dead.  Any other headlines catch your eye this afternoon?  (If you feel like watching something this afternoon, this Mike Milken forum discussion re: the financial crisis is interesting. )

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