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

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

Stacy Summary: Fire departments are sending bills for their services.

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

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

Stacy Summary: With guest, Catherine Austin Fitts.

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$400 Million Jibber Jabber

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

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

Stacy Summary:  More on that next leg down.

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Moscow Window Jibber Jabber

Stacy Summary: Good morning, here’s a view out our window this sunny but cold morning. What’s happening in your neck of the woods?

View out window

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[KR14] Keiser Report – Markets! Finance! Scandal!

Stacy Summary: Here it is. We have walked sooooooo much today, back and forth across the entire city and just walked back from Kremlin / Red Square where I think we were the only two people there. Boy is it cold and the weather report is for even colder weather tomorrow . . .

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[Video] Keiser Report on Hank Paulson’s ‘Failed Bomb’

Stacy Summary: Good afternoon! We’ve been at RT all day today, so sorry late with these. But here is a clip from today’s show:

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Banks’ $10 billion problem and Obama’s ‘don’t go to Vegas’

Stacy Summary:  Obama commits major gaffe . . . advises Americans not to gamble!  But it’s the American dream!!

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A strategic default tipping point, dementia and the enemy at home

Stacy Summary: Those dementia numbers sound pretty extreme, wonder if they are counting crazy financial products?  Anyway, these are some headlines I am reading at CDG Airport.

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Moscow Jibber Jabber

Stacy Summary: Yes, a second jibber jabber thread! We are at the airport and on our way to Moscow, so will not be online again for 8 or so hours. Talk to you later!

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Walk Away Jibber Jabber

Stacy Summary: More US mortgage holders sliding underwater.

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