Downgraded banks, troubled banks and Wall Street bonuses

Stacy Summary:  If this were a boxing match, the ref would have rescued the guy on the ropes from the merciless pummeling by now.

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185 Responses to Downgraded banks, troubled banks and Wall Street bonuses

  1. @Guiseppi:
    Was that a rhetorical question?

  2. Skadden, Arps, Slate, Meagher, and Flom

    I wonder what Frances Snoot knows about them?
    http://en.wikipedia.org/wiki/Skadden,_Arps,_Slate,_Meagher_&_Flom

  3. nice timing Max….
    crazy video…
    Sarbanes-Oxley software that has backdoors that equate to a protection racket…
    with pedophilia, Dyncorp, Northrop-Grumman…. and Rummy Rumsfeld?
    That’s a pretty complex tale and i’m only on part 5 of 9
    :lol:

  4. hi max i just watched this interview with richard andrew grove
    and james corbett. he’s a whistleblower who worked for legato selling fraudulend software which was mandated by the sec. maybe you could contact him and try to get him on the program…
    i really love your shows and think that you guys are the most honest and true media figueres of our time. just wanted to let you know this.
    so if have some spare time i suggest you check that out:

    http://www.youtube.com/watch?v=WHOujO-Qnlw

    steve

  5. PS

    If you have money in the Canadian markets right now,
    SELL INTO STRENGTH!!!!

    then sit on the cash…
    something is not right…

    undervalued (fundamentally) stocks are not performing…
    and garbage speculative stocks are getting pumped’n'dumped left and right on the weakest news…

    Just my Observation… :twisted:

  6. It was 80 ta 22 @ one point of time
    ROFL

  7. @Mini US

    It’s funny you bring up that article about Foreign real-estate buyers…
    the same shit is happening in Vancouver, too

    Just in my neighbourhood, houses have been getting purchased for ridiculous values, yet no one moves in…
    there are only two possibilities…
    1) Real-estate agents are moving the properties between themselves to keep the illusion of property values up
    2) Foreign purchasers are doing the deals to temporarily shelter their wealth or speculate…

    It’s just like the stock market…
    I see it constantly…
    A brokerage will do a massive deal for 500k shares TO THEMSELVES which creates the illusion that big volume is working its way through, in order to fool the ignorant masses that this is a hot stock… only to execute a pump’n'dump the next day…

    I imagine the same technique applies to houses, too…

  8. ROFL was tryin to beat tis Thread last night
    Hic ;-)
    Almost won ROFL

  9. thanks norcalkid@, great article from denninger. He’s definetly getting the feeling out on how were all feeling now. That were gonna hear a big flushing sound very soon.

  10. Steve Keen or Australia’s housing boom, also imported from China.

    Not the video, the article.

    http://www.smh.com.au/business/property/australias-mortgage-debt-blowout-20100224-p1ex.html?autostart=1

  11. @ronron
    Princeton, Harvard, Yale need to have a mandatory morals 101 class!

  12. EU Draws up Massive Sanctions Against Iran:

    http://www.spiegel.de/international/europe/0,1518,679853,00.html

    (OUTSIDE THE UN SECURITY COUNCIL)

    http://www.kuwaittimes.net/read_news.php?newsid=MTI3Nzk5NDg2NQ==

    WHAT ABOUT SANCTIONS
    OUTSIDE UNITED NATIONS?
    “The United States has comprehensive sanctions against Iran in place. The European Union, however, could further reduce trade with the Islamic Republic. Germany, France, Britain and other EU governments have said the EU could impose its own punitive measures against Iran outside the United Nations, which European diplomats say could be painful for the Islamic Republic. But some EU governments might be reluctant. European diplomats say it would be easier to get consensus inside the 27-nation bloc on tougher sanctions if the Security Council adopted a fourth round of UN measures first.”

  13. Even Charlie Munger lays it down

    Basically, It’s OverA parable about how one nation came to financial ruin.
    By Charles Munger

    http://www.slate.com/id/2245328/pagenum/all/#p2

  14. I don’t know if anyone has referenced this, but Karl Denninger is on a roll. It is a great essay:

    http://market-ticker.denninger.net/archives/1993-How-Long-Before-You-Wake-Up,-Politicos.html

    … also mentions Greece, AIG, gangs, cops, the school district that spied on its kids, and more…

  15. @Dann II ….. exponential function of money creation

    Yep !

    It always amazed me how easy it was for corporations to get hold of new loans.
    ( Corporate Bonds etc. , pricing dependant on Govt. bonds ).
    And once they’ve got the money, they usually get the shareholders to pay via dilution.
    .. again and again and again…. of course, with the help of tha notorius “investment” banks !
    ;-)
    … who make off with “Royalties” … Royal Fees !

    I have watched AMD ( my favourite CPU company ) loose Billions over the last 15 years.
    There were very few years where they actually made a profit ( 1 or 2 in that time )
    IIRC, last time I counted, their 10 yr. result was a big MINUS !

    OTOH, Intel’s profits over the same 10 yr. period I counted as being 70 Bio$.
    Sure, they paid out some dividends, but where’s the rest ?

    Back to Bonds …

    This is where the crash will come from.
    .. and with good reason IMO !

  16. @Phil

    True, the Fed owns and has undue influence in AmeriKa. But all central banks do in their respective regions. It is not until the exponential function of money creation required to keep the scheme running implodes that we take notice and I count myself in that group.

  17. THANKS @ DepressionAlert

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a1aLQ51QXlDA&pos=3

    “The financial crisis was caused by a “fundamental misjudgment in the marketplace,” Greenspan said. Greenspan defended markets, because other forms of economic organization are worse. ”

    maybe the reason “other forms of economic organizations” are worse is because they suffer from human fail ability….good thing markets are God’s Will and only subject to God’s omnipotence…

    I really think it is a religion to some of these folks….Greenspan and the other Free marketers/Fredinites/Randians remind me of Gorbachov right after the coup when he still failed to see his system didn’t work

  18. Mike/Liverpool

    Capital Fight…….Your cleared for take off
    http://www.guardian.co.uk/world/2010/feb/07/greek-rich-pull-out-billions-debt
    Mike

  19. Consequences of stronger renminbi dawn on the US

    “The Chinese economy is currently the third largest in the world measured in dollar terms, just behind Japan. A 41 per cent appreciation in the renminbi would catapult China way beyond Japan and leave it HALF THE SIZE OF THE US. When Mr O’Neill forecast that China would overtake the US by 2027, some scoffed. All of a sudden, those guestimates would start to look a lot more on the money.

    The US dwarfs China in spending on research and on its military and will do so for years to come. But after a big revaluation, China’s budgets in these areas would be equivalent to about a quarter of those in the US – enough to seem like a real competitive threat…what about China’s commercial banks? ICBC was already the biggest bank in the world last year by market capitalisation: after a 40 per cent currency appreciation, its mainland shares WOULD GIVE IT A MARKET VALUE DOUBLE THAT OF JPMORGAN CHASE, the biggest US bank. PetroChina would be ONE AND A HALF TIMES THE SIZE OF EXXONMOBILl”

    http://www.ft.com/cms/s/0/33e6db68-20a0-11df-9775-00144feab49a.html

  20. @Dan II … just shows who actually owns America !

  21. Bits & Pieces :

    Syria wants Iranian troops guaranteed for front against Israel

    http://www.debka.com/article/8609/

    Google under investigation for alleged breach of EU competition rules

    http://www.telegraph.co.uk/technology/google/7301299/Google-under-investigation-for-alleged-breach-of-EU-competition-rules.html

    http://www.ft.com/home/europe

    Iran to reveal evidence of Jundallah ties with US
    Tue, 23 Feb 2010 23:08:51 GMT


    Iran says it has irrefutable evidence confirming that terrorist ringleader Abdolmalek Rigi had been aided and abetted by the US government before his arrest.


    “This is a disgrace for a country which tries to portray itself as an avid supporter of human rights,” he added….

    http://www.presstv.ir/detail.aspx?id=119341&sectionid=351020101

    US : Wrong Side of History?

    Conclusion: Is America on the wrong side of history? Perhaps so, for now. Its wars, in fact, are being fought to inflict a social order on the Middle East (and elsewhere) that its own citizens are starting to reject. We anticipate that as the educative effects of the Internet continue to make an impact that things will change. Perhaps America may right herself and begin to find a path back to national solvency and a less aggressive military stance. These changes would place her on the right side of history once again. All true American patriots would devoutly hope for such a result. As do we.

    NOTED: George Soros (left) doubles his gold holdings to two-thirds of a billion … Far from selling gold as some misunderstood from his comments at the World Economic Forum, George Soros has been buying gold as ArabianMoney suspected. In a filing with the US Securities and Exchange Commission, Soros Fund Management owned 6.2 million shares of SPDR Gold Trust, the popular GLD exchange traded fund. At the Davos World Economic Forum the famous hedge fund manager reckoned to have made a billion from the devaluation of sterling in late 1992 refused to say whether he was buying gold. But he did describe gold as the ‘ultimate asset bubble’ leaving some headlines concluding Mr. Soros a seller of the yellow metal. – Seeking Alpha … (Ed Note: If one always does the opposite of what Soros says, maybe one can grow rich too?)
    http://www.thedailybell.com/836/US-on-Wrong-Side-of-History.html

    http://www.thedailybell.com/836/US-on-Wrong-Side-of-History.html

  22. @Phil

    Think about this. The Fed bought Mortgage Backed Securities . What did they buy them with? Nothing. They exchanged nothing for the right to property. Sweet deal. I’d love to control the currency of nations. Something for nothing, a sweet deal.

  23. @ronron

    Don’t ya love orchestration. No hard questions. No conflicting questions . . . all hail Geithner . . . all hail the IRS . . .

    Any death by violence is atrocious. But in our system, death of officials by violence is especially abhorrent apparently. How many deaths occur by arbitrary enforcement by our “protectors” in a given day, week or year?

  24. Talking Heads on…

    Fed to Stop Purchasing Mortgage-Backed Securities

    http://www.youtube.com/watch?v=PEqiqzhecjw&feature=sub

  25. Ronron, I;m not so sure it is good for metal in the short term because the commodity markets are more subject to players watching (and following) what the big boys are doing than the equity markets…and right now the big boys are shorting the metals big time. I must admit I am hoping for a pullback- looking at a weekly chart it has barely pulled back to the 23.6% fib level and already heading back up- to buy in.

  26. Although everything looks grim, and even the S&P500, DJIA and NasDaw look far too toppy …
    … we’ve been “had” before !
    So I wonder if we’ll soon see new highs …. yet again !
    Sheesh !

  27. @paganrongs. good news for metal.

  28. Sorry State Finances

    Good chart :

    Spending by President

    Chris again. Here’s a great picture I plucked off The Big Picture showing U.S. GDP vs. U.S. Expenditures under the past five presidents. You might be surprised to know that the lowest expenditure-to-GDP ratio occurred under Bill Clinton. You most certainly won’t be surprised to know that the highest expenditure-to-GDP ratio occurred under Barack Obama….

    http://www.caseyresearch.com/displayCdd.php?id=354

  29. Hollywood Stock Exchange Is Becoming A Real Money Exchange In April. Seriously.
    http://techcrunch.com/2010/02/23/hollywood-stock-exchange-real-money

  30. Concerns grow over China’s sale of US bonds
    “Use of China’s $2.4 trillion reserves to challenge US foreign policy is fraught with problems, not least because any damage to America will recoils immediately against China – which depends on the US market for its mercantilist growth strategy. Beijing cannot stop accumulating dollars unless it is willing to let the yuan ride, eroding the margins of its export industry. Some reserves can be parked in gold or even copper, but liquid commodity markets are not big enough to absorb the scale of Chinese surpluses.

    China and America are locked together by fate. Any petulant action by either side involves a degree of `mutual assured destruction’. But sometimes in politics – as in life – emotion flies out of control. ”
    http://www.telegraph.co.uk/finance/currency/7300770/Concerns-grow-over-Chinas-sale-of-US-bonds.html

  31. Mike/Liverpool

    Am off to Bed
    Night
    Mike

  32. Seriously Bonn, I am not being judgmental. If you could provide references, I’d love to take a look. I’m open to almost anything after I discovered that the official 9/11 version of events is a god damn lie, I question most things.

  33. FDIC: Number of troubled banks rises to 702 in fourth Quarter http://tinyurl.com/yfs7qeq

  34. @Bonn. large floor here. take you piece. ;-)

  35. Manatees are dying in Florida from cold. This is an expected result of global warming.

  36. No lets ignore A bugger who is ta son of a test P …………………

  37. News Corp buys $70m stake in Saudi group

    Rotana Media, the broadcaster and music group owned by Saudi billionaire investor Prince Alwaleed bin Talal, said it had agreed to sell a $70m stake to News Corp, Rupert Murdoch’s global media empire.

    http://www.ft.com/cms/s/0/eb261f04-2006-11df-81a2-00144feab49a.html

  38. dang it, i didn’t close the italics tag properly . . .

  39. @ Bonn

    OFC advanced Civilization
    Way advanced
    What we could only figure out a wheel in ta last 6000 years
    n suddenly figure out transistors
    n Binary language ?????????????/

    Could this be the renascence period of our age? Man seems to go in spits and starts through out history. Let’s hope we are not headed into another dark age period.

    BTW, you refer to ancient technology and nuclear wars in the past. Do you have some links you could provide? I’d like to take a look. Thanks.

  40. Nim Rooooooooooooooooodddddddddddddddddddddd
    Fet god sakes
    They tink they are Disendents of em
    Snoot
    Will ya belive tat ?????????????????/

  41. Report: States’ tax collections fall again
    States faced declining tax collections in 4Q; more budget cuts or tax increases likely needed

    http://finance.yahoo.com/news/Report-States-tax-collections-apf-969834970.html?x=0&.v=2

  42. N peeps tat pissess me off more
    If ya know everyting go ahead
    ta floor is yours
    Hic ;-)

  43. OFC advanced Civilization
    Way advanced
    What we could only figure out a wheel in ta last 6000 years
    n suddenly figure out transistors
    n Binary language ?????????????/

  44. @Bonn. hahaha. love the way you dig max and stacy. think they love it. when you get older you won’t wonder so much, ;-)

  45. @Bonn:
    You are not indicating the criteria under consideration for the term ‘advanced civilization’.

  46. @ ronron
    Trust me if Max is soooooooooooooooooooooo inteligent he would be a billionare
    He has inside Info

    He luckily hopefully maintains ta ship

    Hic :-)

  47. @Bonn. i had thought in my younger years that because we came so far in 150 years that it had happened many times before. now i never give it much thought.

  48. By me History ter was 14 billion
    Before a nuke war went all wrong

    :-( so Ronron ya don’t wanna talk

    Tis OK seen tis before

    Lets belive in ta tings we belive
    http://www.youtube.com/watch?v=Gyj01YnOQOE&feature=PlayList&p=20EA6EDCB910B5C3&playnext=1&playnext_from=PL&index=1
    Whitesnake – Soldier Of Fortune (unplugged)
    Hic :-)

  49. @Bonn. 10 years they’ll be tripping over frogs. good eating. ;-)

  50. @ ronron
    Would ya include Flight ??????
    I mean How tuff is it ????

  51. @Bonn. growth is not advancement. it’s opposite. were here now but not for long. ;-)

  52. @Bonn. of coarse there was a civilization more advanced than us, but there was only 500 million then. ;-)

  53. How did I miss this one

    Looks like April approval Box Office futures exchange

    http://www.cantorexchange.com/Home.aspx

  54. member I no cycology 2
    http://www.youtube.com/watch?v=Gyj01YnOQOE&feature=PlayList&p=20EA6EDCB910B5C3&playnext=1&playnext_from=PL&index=1

    Hic ;-)
    Left right center
    Me ta Mohhamed “Fly like a buterfly sting like a bee”

  55. Wont use Hun again wit ya
    Hic ;-)

  56. tats why de call stella ta champ. hahaha. duck and cover

  57. Sorry snoot I first read first half
    ROFL
    Hic ;-)

  58. Canadian Premier goes to US for Heart Surgery (Who could blame him)

    http://www.google.com/hostednews/canadianpress/article/ALeqM5h0QC7bditrEb3wYz_6_b-gsGGDxA

    Brown votes with Dems for Jobs Bill (Same old, same old, pend spend spend, so much for fiscally responsible)

    New U.S. senator helps Democrats advance jobs bill

    http://www.reuters.com/article/idUSN2221899520100222

    Yikes, Andy Stern to be named to Deficit Panel

    http://www.reuters.com/article/idUSTRE61F5TC20100221

  59. Oks Snoot hun
    Do u belive tat there was a civilization Which was more advanced tan us ???????????????????

  60. I’m not going anywhere, Bonn. It seems you think I have some tendency to ascend to another level, but I’m quite satisfied lasting ’round here.

    “I tend ta keep quite till ya reach me level hun”

    Are you indicating you communicate on a higher level through your emissions of tats and tisses?

    I wouldn’t attach the honorific “hun” with snoot or you get ‘snoot of the hun’. Might be unpleasant.

  61. Tooooooooooooooo lazy to type agian
    Hic

  62. man I typed all about ta
    SR 71 Mig 25 and phantom menace tooooooooooo lazy toooo type
    cause peeps here tink I am looooooooooooooooooooooooney
    ROFL
    Youri Dont ya dare let em know

  63. @ SG

    I have been properly chastened…now will go sit in the corner and think about what I have said

  64. @ Snoot
    So ya gonna go after Jorden Maxwell
    & stichin
    Plz keep an open mind

  65. @chArles
    WE? uhm, line up against the wall……… YAWL!!!

  66. I tend ta keep quite till ya reach me level hun

    Okey dokey, tat’s fine.

  67. @Bonn. the US forced canada to scrap the arrow. why? jealous

    Hmmm Canadas Population is what lots of recources

    @ Ron ron Start thinkin like a ruler

  68. @Bonn. the US forced canada to scrap the arrow. why? jealous.

  69. @ Ronron Ya don”t wanna go head ta head wit a Chief test Pilots Son who wanted ta be a fighter pilot but was too tall ( 6’5″)
    Hic ;-)
    Dunno about space travel n all
    but know about test piolets in tis atmosphere
    Cause one of me dads test piollets flew with ta russiain test piolet and asked him how didja learn all tiss
    he said “All aon simulater baby”
    If ta fuckin engine fails we fuked

    PS
    fer ta unknowns tis aint even reruired fer Fire n ferget missiles
    tey have a 150 mile range
    Hic :twisted:

  70. @Mike. tanks.;-)

  71. I guess Gold will be down by Thu/Friday.

  72. @ Dedo
    far superior, that is unheard of

    100 %
    Me dad from military background
    WE ARE BEING HELPED
    Tink of it

  73. Man what Wind Shear

  74. @Bonn,….Question for ya,..
    If that Blackbird was developed over 40 yrs ago,..do you think there is something out there, far superior, that is unheard of?
    Some say we’re way way behind the curve, as to what’s out there (hidden) if you know what I mean.
    I heard folk say, it’s hard to keep secrets,..but I know many many folk who are unaware how money works,..and they use it every waking moment of their lives,..
    The illusory world of perception management is quite the fascinating subject of study! : )

  75. @Bonn. funny how you say larges. british term. over here there doubles. 2 fingers please. ;-)

  76. sad when professional skimmers lose there touch and read the same stuff over and over while never really understanding it. even sadder when they whine about it.

  77. @ Max Keiser me 8 larges down
    You will hafta hit Vatican Library in MO
    Ya know I speak sense but be carefull ultra carefull if its scary fuck it
    we will survive
    Hic ;-)

  78. http://www.youtube.com/watch?v=pEUJSsc47ZE&feature=related
    Tis really neat vid ta peeps don’t know what happenin

  79. @ chArles
    He my cousin ROFL
    Dont ya dare pick on him
    Watch tis fer a change
    Hic
    http://www.youtube.com/watch?v=pEUJSsc47ZE&feature=related
    Su – 30 at its shit

  80. @ SG

    THANKS…as to a room full of people like me….I too would find that some level purgatory….I love people actively participating in the discussion, and if done right people should disagree….and I always thought your point was it just gets tiresome hearing the same points over and over…which I whole hearted agree with….been doing this dance for thirty years now and know the arguments as rote

    oh yea don’t fight with Snoot it upsets us….we don’t like it when the adults up front are fighting

  81. @Youri. everything built in north america in the last 50 years has been substandard for a reason. the infastructure here is shot. there moving shop and taking all wealth with them.

  82. Sentances is what i meant
    But ///////just ta fact ya fightin hic

  83. @Marc Authier

    That reminds me of what Paul Graig Roberts has said and Max also that it are the incentives which are build in the American business and society which created all the monstrosities.

    Paul Graig Roberts wrote a new book were he explains how all the jobs were exported abroad due to the wrong incentives.

    My attention was drawn to the wrong incentives in house selling were the one who sells the house which is basically the mortgage doesn’t carry any risk at all and only does it to collect the fees. Max has said that many times.

    You can see this every were in the American society, that’s why there are so many people in prison which are owned by the banks. That’s why Goldman Sachs gives a damn about a business going bankrupt or bringing Greece down as long as they can collect their fees. That’s why congress is corrupt and you get fake presidents cause they are bought and payed for by the big corporations who expect something back. That’s why Kennedy was killed for one reason.

    The secutarization in the house loaning business makes nobody responsible in the business as long they are going round like hot potatoes and the taxpayer is the last one to hold it when the ponzi schemes come tumbling down.

    Listening to a docu about the Italian Mafia it was revealed that they no longer work in the drugs business which is totally taken over by the CIA, Skull and bones and the FBI but they all work in the financials now.

    Paul Craig Roberts on AJ – Tv – Outsourcing American Jobs to The Lowest Bidder! http://tinyurl.com/yz7qu3x

    Coast to Coast AM 2/16/2010 Mafia Secrets http://tinyurl.com/ycl5rdm

  84. @ Snoot
    use werds wit 3 syllabills @ most
    If ya gonna use 5
    I know ya cant use 4 so easily hun

  85. @ Snoot
    I kinda knows more tan u
    I tend ta keep quite till ya reach me level hun
    Hic ;-)

  86. @ Youri
    Dunno if ya Know ta price of Airbus A 320 well its around 180 mill
    Where as a Su – 30 is @ 30 mill to 60 mill depending on which generation ya buy they got @ least 3 generation
    Hic ;-)

  87. @Bonn:
    Under your rationale, words should become shorter and consist of only one syllable with lots of t’s. Tat’s ta way. Under my system a plethora of words facilitate communication better because the words are designed with the inherent (that means can’t take it out) ability to meld to the context of the sentence and change within the matrix of the society in which they find usage. And that usage needs more that six or seven monosyllabic words that you find secure ground for communication.

    Why don’t you send smoke signals?

  88. @Danny. reform and recovery is not there plan. now that tells it all. they. remember saying they and some fuck would say who are they sarcastically and laugh.

  89. @chArles
    sorry not uhm, yawl… I’ve got so many fans on here sometimes I can’t address them all individually.

    cheers for the reply, but… more than one person sharing my sad little bit of truth I call my life really does scares me… I couldn’t imagine anything worse than a even a room full of people walking around asking the same questions as me or being at the same stage in life as me… well not since I left my teens behind anyway… also it comforts me to see people disagreeing with each other… but hey, that’s just me!!!!

  90. Latest by Jim Willie – published today

    Over-Arching Sovereign Debt Crisis
    http://www.financialsense.com/fsu/editorials/willie/2010/0223.html

  91. @Youri, ever notice how faber always says in 5 or 10 years a lot, when talking the dollar and default. hope he’s right. ;-)

  92. Americans losing hope on finding work http://tinyurl.com/ykalkfu

    Home prices fall 0.2% in December, Case-Shiller says http://tinyurl.com/yzwb24h

  93. Marc Faber warns of partial US debt default FT Vid http://tinyurl.com/y8jyw4k

  94. @Youri Carma

    I like the euphemism “out of the woods”. What economy ? The one from Goldman Sachs and the Pentagon/CIA bloodsuckers is going just great. That’s the problem with f$#@@#@% USA peasants. No brains. In reality the US economy an Europe’s economy is in depression. Except the bankster and nazi police state complex. You can call it the USSR syndrome.

  95. @ SG

    please do not use queue and Y’all in the same blurb…it confuses me….as a southerner.

  96. @SuperGeek

    How come my dog can better communicate with your daughter than I with you? Well she’s blessed and so is my dog if he doesn’t shit on the carpet that’s to say.

  97. 60% of public still supports a REAL public option for health care, but the White House says it doesn’t have the votes.

    Funny that Obama’s health care proposal does what the insurers wanted from the Senate bill: it INCREASES the fine if you don’t buy into the private insurance market, and instead of creating a national exchange, it creates regional exchanges in each state.

    I wish I could move out of this god forsaken country.

  98. U.S. Economy Isn’t Out of the Deflation Woods Yet 23 February 2010 (Bloomberg) http://tinyurl.com/yggaeyr

  99. @ Snoot
    Yup
    Transfer of info Is all I care fer
    Fastest tranfer of Info
    I will Disect n figure out what is right n wrong
    if ya confuse me in ya begining i wont listen Even if ya right
    Don’t ya understand tis is where all ta trouble started peeps hid info
    Hic ;-)

  100. @Y’All
    that’s right… all yawl who like being ignored, you know yer place… yep right in that big queue, with the others, oh… c’mon no crying stay in line!!!

  101. @JustItRight
    I must specify here. When I say USA I do make a difference between Obama Bush and the people. It was the same thing in Russia. It’s the same in ALL countries.

  102. Swine Flu Protection Added to Seasonal Flu Vaccine http://tinyurl.com/y8oh5ge

    More than 10 Years gas for the U.S. but blocked by Environmentalists Reuters Vid http://tinyurl.com/yjgfdvm

  103. @Bonn:
    Tis betta?

  104. ‘Death of American Capitalism:’ The 10 final scenes – 2012 is our tipping point on ‘road to ruin’ 23 February 2010 (MarketWatch) http://tinyurl.com/ycmbofw

    Danger: inflation ahead – Prices are rising fast, even if the CPI isn’t 23 February 2010 (MarketWatch) http://tinyurl.com/y9mnefy

  105. Tey made 11 or 12 of em
    Before ta satilites took over
    But Maxy it set a record London ta NY in 1 hr 32 minutes I tink
    Hic ;-)

  106. @ SG

    I agree to a degree….wouldn’t go so far as feel the need to insult others, who like myself have a hyper need to follow a narrow strain of thought available to us. All closed societies (and this is a closed society of individuals with similar interests) are somewhat dumbfounded as to why more people don’t think like they do or have similar interests.

    haven said that…doesn’t remove the possibilities that our hyper interest or concerns are misplaced…go outside talk to folks….and they fear/know something viscerally…just for a multitude of reason do not possess the lexicon or jargon to state their apprehension. (Most folk I encounter sorta feel like there is little they can do individually so are escaping, which is the American way)

    I hope my link pops up….should have paid more attention to you SG when you explained that

  107. Almost 10% of FDIC-insured banks “troubled” 23 February 2010 (MarketWatch) http://tinyurl.com/yet2rcw

    @SG

    Shut Up! http://tinyurl.com/ycrs9tr

  108. First freakin test flight 19 57 if I aint mistaken

  109. Downgraded reform: NY Post reporting that Obama is poised to drop Volcker’s prop-trading ban:

    http://www.nypost.com/p/news/business/volcker_fooled_iso6WHImNJiV1Vmk9FYm6L

  110. The real ecological problem ?

    THE AMERICAN DREAM.

    And peak of everything.

    http://www.alternet.org/story/145784/we%27re_headed_for_the_greatest_resource-sharing_problem_of_all_time

    Instead of wasting your time as ecologist on the CO2, let’s talk about the real problem. The third world war will happen. And the main culprit will be the “America Dream”. Call it a nightmare.

    CO2 is not the problem. The wasting of ressources is the problem. Technology won’t solve everything Mother Earth. EDUCATION and CULTURAL CHANGE wil.

    But don’t on the pigs from Wall Street to be the defenders of a new model of society and sharing. Goldman Sachs own 10% of the credit carbon market. Just that sas everything about this racket. These liberals still don’t get it. It’s about starving and killing the third world, not sharing.

  111. The President of a corporation is appointed to the position, not elected,. go figure!
    Smoke and mirrors,…..smoke aaaand mirrrors,..it’s just an illusion
    http://www.youtube.com/watch?v=URLRdcnU6Hk

  112. Justget Itright

    SG__did you forget to take your medicine again??

  113. @Y’All
    it does seem the most oft asked question on this site .. why are ‘the people’ not angry etc, reveals more about the questioners shortcomings than it does about the people who don’t happen share their narrow view of economics or what they think life is all about… IMO the people who constantly insult the general population come across like depressed teenagers, also a lot of people on this site seem to have an overwhelming fear of any loss or defeat as though they always result in permanently negative outcomes!!!

  114. Have any of you seen the movie the Village?

    The trailer below does not explain the ending/story-line, but I think you guys should watch it. And then watch “Stargate Studios Virtual Backlot Reel 2009″. And then you’ll understand why I said you should watch it!!

    The Village – Trailer
    http://www.youtube.com/watch?v=oB55bv4B8LQ

  115. I feel I do have a Physycology degree as well hun well not officially
    ROFL
    Hic :twisted:

  116. Justget Itright

    @MA__USA is really the evil empire. It is.

    I need to comment on this statement, saying that 85% of Americans would shit in the mouth of the majority of elected politicians. The walls street gang would be lined up and smoked in the head with a bullet.

  117. Tat makes me wonder ya better tan me Hic
    Plz use simpler sentances
    Hic ;-)

  118. I would argue wit Snoot too
    But 65 % of ta time I dont know what shes sayin
    Hic ;-)

  119. @Bonn

    Who elected OBEYOURMAMATALIBANANA ! Oh by the way Max, Obanana knows perfectly what he’s doing. That piece of dictatorial manure is the PRIVATE PROPERTY of Wall Street bankers. It’s as cristal clear and simple as that. Obama doesn’t a f@$& ! about the taxpayers or the electorate or the country. He is to be put in the same category as Robert Mugabé. A elected dictator voted in by a bunch of stupid morons that thaught that Big Daddy Obama would pay the mortagage and give them a job.

  120. Something that most people will be unaware about Canada, is that a major derivatives exchange was started on the Montreal exchange. Since its inception, this derivatives exchange has had a murky, unheralded existence. It was only mentioned briefly in the business press during the derivatives bubble. Now its merged with the TSX.

    During the depression era, the main stock exchange was in Montreal. After the collapse, Toronto became the main stock exchange in Canada.

    Since the merger of the Montreal derivatives exchange with the TSX, the tsx public website no longer lists which broker trades with which broker. You can only get that information on Stockwatch.com. (or possibly if you have level II quotes.) Its something people rarely look at.

    The major brokerages are often the banks, presumed to be separate companies. RBC action-direct is actually RBC DEXIA. Dexia corporation is a global commercial bank.

    http://74.125.93.132/search?q=cache:1_4_x9oJcFUJ:en.wikipedia.org/wiki/Dexia+dexia+corporation&cd=2&hl=en&ct=clnk&gl=ca

    Now, much maudlin extemporizing about fraud within the commercial banking sector is done in the U.S. about Goldman Sachs. But they may well be within their own legal rights to maintain immense conflicts of interest, even holding credit default swaps against their own companies. More or less any crooked dealings on U.S. stock exchanges are called NAKED SHORTS, and is actually illegal in the U.S., but almost no regulatory oversight is enacted.

    In Canada, its perfectly legal to naked short any publicly listed companies. Canada has thus become the absolute wild west of stock exchanges. Where mostly stock operators sell stocks to unwitting buyers to reap the rewards and pass off downside risk. A time honoured institution. Company principals holding Naked Shorts or perhaps Credit Default Swaps against their own companies are euphemistically referred to as BOND HOLDERS in the press in Canada.

    The TSX and the main listed banking shares have done astronomically well, peaking out with the rest of the world’s exchanges at the same time. The bear market rebound has been intense, with shares in RBC and TD almost reaching previous highs.

    The banks in Canada are not restricted from engaging in the same excesses in the U. S. from any sort of laws, and yet they are fawned over in the press almost relgiously. Certain media types will refer to this as ‘the polishing of a turd.’

    There is also FAR MORE freedom of the press in the U.S. than in Canada or the UK. So its likely that people will discuss openly what is an almost catholic birth right and rarely discussed in Canada.

    Canada is know for its “commodities currency.” This is hogwash. Its bond market is massive. But Canada has no gold in its Central Bank, which is now governed by a Goldman Sachs alumnus.

    So which country do you think is going to have a tough go of it with the onset of the final denoument of the derivatives debacle, and its currency finally worthless?

    Or will Canada be the first to implement a NEGATIVE INTEREST RATE POLICY?

  121. Ta assumme tat its rocket science means tat tat
    fer godsakes (oops me an athiest) its %tages and compound interest

  122. AIG again in the news. What’s new. FREE MONEY again given by the slave taxpayers ? Absolutely.

    http://ml-implode.com/staticnews/2010-02-23_AIGsILFCPlaneLeasingUnitSeeks750MillionLoan.html

  123. @ Marc Authier
    It aint US its ta BAAAAAAAAAAAAAANNNNNNNNNNNNNNNNKKKKKKKKKKKKKIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIINNNNNNNNNNNNNNNNNNNNNNNNnn
    Family
    Why were’nt ya taught Bankin in school
    Is it sooooooooo tough ????????????????????
    Hic ;-)

  124. USA is really the evil empire. It is.

  125. @ Cal Doc
    ya gotta werk fast
    Wit vetinaryin docs do animals suffer Cancer ????
    But by me guesstimates they should if they near a crater
    Dunno if ya know where i come from
    Hic ;-)

  126. @ME(P)
    uhm, I didn’t think it was a silly question, (I don’t think I could ask a question as personal as that … maybe because I’ve already made my mind up about the answer)… I don’t think it’s just wealthy people that suffer from asking WHY? too often… maybe it has become some kind of western disease, where people have stopped learning from observation or experience… or just don’t have the time any more to work things out. As a programme about the internet I watched recently pointed out, nowadays people need others to validate emotions or experiences for them first!!!

  127. the possibility for a viable third party to arise in the states is a nonstarter….just way to many hurdles to jump through at the local and state levels….the current duopolies after the challenge of Ross Perot (chewing up the republicans fiscal conservatives and the democrats protectionist base) and Ralph Nader’s candidacy further tightened their holds onto their monopoly.

    If a candidate did start getting traction they would be immediate destroyed by both sides of the limited political specter. Ron Paul is nice so long as he stays on the back of the bus and Dennis Kasinich is always good for a couple of laughs so long as he knows his place.

    as to the coming revolt/insurrection…as a good ole boy from the south I can tell you that some of the most stable viable societies are slave/serf societies….I wish this wasn’t the case, I wish there was a fundamental command for freedom in the human DNA….but feudalism lasted a lot longer and was more stable than the limited time humanity was free with its current level of materiel comfort.

    So long as the average Joe can get some booze, TV and maybe a quickie from time to time he’ll be more than willing to go work for Massers J.P Morgan, CHASE, CITI, BOA and Goldman Sachs

  128. @ California Doctor
    WTF I needed ya
    Do Animals get Cancer ?????????????????????

  129. The Underfundedmentalist

    The super wealthy earned their riches by destroying their competition.
    Wealthcare for billionaires
    http://www.youtube.com/watch?v=jHVwrCzRUX0&feature=related

  130. I think you’ll find, ..wealthy folk have wealth for a reason..innovation and resourcefulness are just two traits that come to mind. So my guess is,.any change that comes along will be accounted for.
    It’s usually the moaners and bleater’s that tend to mix together and suffer in quiet desperation.
    Birds of a feather,..let sleeping dogs!,.nah, if you lay down with dogs,..a rolling rock gathers no moss,. trah la la

  131. @Mep
    For the super rich it’s not even about money. It’s about playing God.

  132. @Mother Earth
    Amonia. Nice technology indeed. What should I notice ?

    A lot of things going on.Not enough coffee.I am going to get another cup before they ran of coffer too.

  133. @Marc

    I beat you to that article..Are you noticing anything?

  134. @ Supergeek – I know it sounds like a silly thing to ask. Just seems to me that all smart people–no matter how much $ they have–must realize that sooner or later, everyone is going to pay a price for the clusterfuck we’re caught up in. My assumption is that wealthy people must also understand on some level that the gravy train is going to come to a screeching halt, and that the economy isn’t the only thing that’s going to fall apart.

    @ all – Purpose of Marja offensive was propaganda?! It sure sounds like it.

  135. http://www.lefigaro.fr/societes/2010/02/22/04015-20100222ARTFIG00705-total-7-a-10-jours-de-reserve-de-carburant-.php

    7 to 10 days of gazoline reserves in France. And it’s probably the same thing in the rest of Europe and the USA. I just imagine what will happen when the bombs start dropping on Teheran.

  136. The net debt to equity of the corporate sector is 189pc in Portugal, 141pc in Spain, 85pc in Italy, and 82pc in Greece, compared to 46pc for Germany, 39pc for Britain and 26pc for Sweden.”

    Private sector debt of tiny Greece: 80pc.
    Private sector debt of mighty Britain: 200pc.

    To put things into perspective.

  137. Who is going to lead a revolution? Max?

  138. @Stacy
    Exquisite choice of articles to combine. It reads like a big fat demonic joke.
    Love the ending with the 17% increases in Wall Street nazis bonuses.
    Obeeyyymmaaaaaa ! Obeyyourmama you slaves !

  139. @Y’All
    with the credit card ads at the top of this page… I thought it was more like the death of irony, uhm… jump round??? I’m just waiting for the be massa’ charge ads to appear!!!

  140. @ME(P)
    re: wealthy people getting angry… yeah, they might force themslves to write a stiff letter to the papers or if they get really, really worked up they may have to ask “why other people aren’t getting angry”

  141. Jeroen Nouwens

    More green shoots. It’s like spring, guys and gals.

    *snorts*

  142. “If the Chinese and Japanese cut off the T-bond investments, then the US will back down on Iran.”

    How would France get their hands on the uranium then, CaliDoc?

  143. The so called US leaders are not getting the message. The Dems will retain control the Repubs will be to split within thenselves. With a little help from Dems to split the repus, the Dems will continue in control of the goverment in the US. Not that it matters

  144. China unlikely to buy IMF gold – Milling Stanley

    …In an interview with Bloomberg, the World Gold Council’s George Milling-Stanley reckoned that China was not a realistic buyer of the remaining 191.3 tonnes of IMF gold for sale….

    http://mineweb.com/mineweb/view/mineweb/en/page34?oid=99424&sn=Detail&pid=1

    Who’s he kidding ?

  145. California Doctor

    http://www.youtube.com/watch?v=2-uIaSRiWA4&NR=1

    This Russian general doesn’t get it.
    The US is out of resources to spend and has been spending on foreign capital injection for the past 15 years.
    Now, with their backs to the wall, the puppet masters are orchestrating war to bolster profits and force the sales.
    Russia should talk with China and Japan first. If the Chinese and Japanese cut off the T-bond investments, then the US will back down on Iran.

  146. Is Nibiru back ? .. again !

    A million library books to be sent down the mines

    http://www.manchestereveningnews.co.uk/news/s/1190824_a_million_library_books_to_be_sent_down_the_mines

    Latest photo :
    http://img220.imageshack.us/img220/9053/20100215.jpg

    Who knows … maybe the PTB do ?
    ;-)

    PS: would explain all the breakdown and money-grabbing by the elite !

  147. California Doctor

    @Stacy – a 3rd party can only rally nationally if there are substantial defections from the two existing parties to create a 3rd that is not loyal to the bankers.

    The central plank of the new party should be focused on Ron Paul’s End the Fed mantra and withdrawal of US troops.

    But, at the pace we are going, I am growing cynical that the existing occupancy of the White House can do it. Instead, it is far more likely that the Wag the Dog scenario will occur with an international crisis creating the biggest punch in October.

    As the nation rallies in defense of itself, the White House always gets the benefit of doubt during an attack.

    The only difference is that unlike prior to this war, the internet is spreading contradictory information to the controlled media.

    One can only hope that more people turn off the TV and more turn on the web.

  148. California Doctor

    Speaking of irony…
    After watching Max’s latest Keiser Report from RT on YouTube…I clicked on this Max Keiser video: http://www.youtube.com/watch?v=SF9fVMYMi9M

    The ad that youtube brought up on the right panel and superimposed over the bottom of the video was for
    “BACK IN BLACK” – Visa Black Card.

    As Max is talking about economic slavery, the Black Card ad pops up and over the bottom of the video… Max starts singing the Jump Down … Pick a Bale of Cotton song… and the Black Card logo appears on my screen.

    Does anyone else have this ad?

    Total irony

  149. @Stacy

    I think the only real signal we may get is bankers reporting at police stations for protective custody..

  150. Hey Max,

    Really like your show. Also like commenting on your blog posts. Actually a lot of good links here from others in this resistance.

    Cheers
    D&B

  151. Monday, January 25th, 2010, 12:48 pm

    “The Federal Deposit Insurance Corp. (FDIC) is considering securitizing assets seized from failed banks and depository institutions, an FDIC source tells HousingWire.

    Details are still being fleshed out as this story published, but an FDIC spokesperson said any discussions to securitize bank assets are “really still in the early stages of development.””

    http://www.housingwire.com/2010/01/25/fdic-may-securitize-assets-of-failed-banks/

    So now the FDIC may seize assets and sell them off as securities? And they changed an accounting rule FAS 166/167 to allow them to get their hands on the assets?

    “The FDIC’s proposed rule is designed to isolate, from the failure of a bank, the underlying assets of securities held by the bank. The treatment by the FDIC of assets transferred by a bank in connection with a securitization, and the subsequent failure of the bank, is an underlying building block for securitization – simply because investors will NOT buy CMBS bonds if the underlying loans may be stripped from the CMBS pool, if the bank that originated the loan goes into FDIC conservatorship or receivership.
    Under the proposed new rule, the safe harbor would be amended to include numerous preconditions regarding a transaction’s capital structure, disclosure, documentation, origination and compensation.”

    http://www.housingwire.com/2010/01/08/the-gift-that-keeps-on-giving/

    “As anticipated, the proposed rule would require banks and thrifts (with consolidated assets of $500 million or more) to include in their risk-weighted assets any securitized assets consolidated according to GAAP.”

  152. @Mep – a deflationary collapse is good for the wealthy and big earners; at least until the revolutions begin; re: my family, well there is one member in particular who is a ‘lifelong’ Democrat, who has voted for every national, state and local election for the past 40 years; she just said for the first time that she is ready to give up; that they are all the same; so to me it seems that Celente may be correct on his call that a third party could win big in US elections in 2012

  153. Attantion attantion..La douce france n’a plus de sept ou dix jour du reserve du carborant.. http://tinyurl.com/yl5cjqy (pardon, it’s french)

    There is an intersting article in the Figaro that shows China has no big refineries..

    http://www.lefigaro.fr/assets/images/ECO-201008-Raffineries-monde.jpg

    Time for Ammonia ;-)

  154. FDIC!?

    http://www.reuters.com/article/idUSN2214647320100222

    http://www.housingwire.com/2010/02/22/investor-uncertainty-looms-in-proposed-fdic-securitization-rule-mba-asf/

    http://www.bloomberg.com/apps/news?pid=20601087&sid=auYbDoZWX3RQ&pos=3

    Why do the two stories seem related?

    “New safe harbor rules for securitizations proposed by the Federal Deposit Insurance Corp. (FDIC) will create uncertainty among investors and hamper the reopening of the private-label securitization market as the federal government becomes set to withdraw for the market, according to industry trade bodies the American Securitization Forum (ASF) and the Mortgage Bankers Association (MBA)…

    The FDIC’s proposed rule revises a safe harbor on securitized assets of failed banks that the ASF said was originally meant to give investors peace of mind that the FDIC would not seize assets being transferred for securitization. Under the proposed new rule, the safe harbor would be amended to include numerous preconditions regarding a transaction’s capital structure, disclosure, documentation, origination and compensation.”

    and

    ‘The FDIC, which insures bank accounts, also may offer slices from a re-securitization of about $2 billion of mortgage bonds without government-backed guarantees, with the new senior- ranked securities carrying the agency’s insurance, the people said. The FDIC likely won’t initially sell or guarantee junior portions, they said, citing its communications with banks that may underwrite the debt.’

  155. Hey Max,
    I have enjoyed your Kaiser Report and articles. You and Stacey seem very aware and knowledgable and you present it in a nicely satirical way.

    I have a question about investment. I live in Durango, Colorado. I have 7.5 acres and a 2700 sq ft home in which I still have 45-50% equity in the home. I also have some cash stocked away just sitting in savings accounts and short term CD’s. considering the investment in gold by the “Big Guys”, do you think it would be a good investment to put some of my cash into gold and when the “Big Boys” start selling their gold follow suit?

    Also, real estate in my area has not dropped nearly as much as area in California, Arizona, Florida, etc. My land is zoned in the City plan as medium density when my area in anexed as city property. Considering that the real estate market has not bottomed out, should I consider selling my property while I still have good equity in it or should I hold off?

    Thanks for your time!
    Gil

  156. Technical Analysis? At a guess…pattern recognition of emotional rhythms.

  157. @paganrongs

    That guy can say anything based on that graph..Technical anlysis, what does it mean?

  158. oh bollox….

    Ireland recognises Goldman Sachs Interantional as a Primary Dealer in
    Irish Government Bonds (12 Feb 2010)
    http://tinyurl.com/yhslbgn

    “The National Treasury Management Agency (NTMA) is confident that the Irish Government bond market will benefit significantly from the strong presence which Goldman Sachs International has in other European sovereign bond markets as a Primary Dealer.”

  159. @ Stacy – A personal question (and of course you don’t have to answer if you don’t want to): you and Max know a lot of wealthy people . . . what do they think about all of this? Are they angry? You mentioned before that your family here in the states hasn’t been affected by the economy, but what do they think? Are they pissed at Wall Street?

  160. “The whole aim of practical politics is to keep the populace alarmed — and hence clamorous to be led to safety — by menacing it with an endless series of hobgoblins, all of them imaginary.”

    –H.L. Mencken

    Okay, I like quotes,..so what!! : )

  161. Mike2liverpool

    Well, Well Well
    http://www.guardian.co.uk/business/2010/feb/23/mervyn-king-quantitative-easing-eurozone

    Like that Bloke in Cassabaca

    “Am Shocked, SHOCKED”
    Mike

  162. California Doctor

    CHINA and JAPAN -
    Put the US financial system down.
    Sell your T-bills.
    Take a look at Jim Lentz up at Capital Hill today and tell me why you shouldn’t.
    Help out your consumers and drop the T-bonds.

  163. Wait a minute, didnt Fitch do the exact same thing with Iceland?

  164. Mike2liverpool

    $ rockets
    £ has NOT Collasped !!!!
    Mike