Stacy Summary: This episode, we compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate’s TheBigMoney.com about movie futures, financial innovation and financial reform.
Tags: bp · derivatives · financial innovation · financial reform · heidi moore · keiser report · max keiser · movie futures · stacy herbert98 Comments
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_euoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_caoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpoz_2.gif)
hahaha. Bonn did peak liver max, so don’t try anything funny.
So even though all activity on the stock market is logged, no formal investigation has occurred that would expose what transactions caused the drop? I thought it was tracked down to one brokerage in Chicago…
haha. @realSnoot. she don’t sweat much for a fat chick?
well there’s lots to say on these threads but everybody fucked off. bye y’all
No viable lawsuits yet….sad sad sad.
So evidence is pointing to a huge crash. Anyone have any idea of the timeline now.
I’m guessing very soon.
@ dan valley – Oh, there are def. viable suits if the law is applied. If the oil keeps gushing until August at the rate it has been, and if the max fine per barrel was applied ($4,300 per barrel spilled), BP would owe $10.75 BILLION just for fines under the Clean Water Act.
@Futures Markets Not Reflecting Market Moves
The futures markets have been a horrible indicator of any downward move in yields, they’re choked with commodities fluctuations:
http://quotes.ino.com/analysis/extremes/futures
http://stockcharts.com/h-sc/ui?s=$IRX&p=D&b=5&g=0&id=p97076364269&a=191209925&listNum=2&listNum=2
Normally, you would see treasuries, currencies, gold as the biggest gainers when this kind of market move happens. But that hasn’t been the case for over a week now.
http://finance.yahoo.com/bonds
@Yup Futures Markets Don’t Get It
Here are the bond rates from bloomberg. ‘Extreme Futures’ from INO.com doesn’t seem to rack up any treasuries options as gainers:
http://www.bloomberg.com/markets/rates/index.html
http://www.youtube.com/user/TheRealNews#p/u/43/344elODZbAY Hey guys watch this…Goldman Sachs is into the food bubble too
Bank of England collapses July-August. Federal Reserve collapses in December all this year. Merry Summer/Winter Equinox!
You have to conclude that the only that would change something is either a 80% unemployement in the UK and the USA or a world war III with nukes exterminating New-York London and Hollywood. NOTHING WILL CHANGE. USA and UK desserve TOTAL bankruptcy.
@Pez
It’s real good news. The only way to get rid of these bastards is effectively a financial extermination of the FED and the Bank of England.
Anglo-saxon capitalism must be destroyed. Completely erased from the face of the Earth. It will happen. It will. And it will be a good thing. I don’t know who and what will esterminate the structure. Probably a volcano or a nuke sent by “accident” by someone real tired of New-York and London.
Have you noticed how GE is going down down down down. GE is KAPUT ! Target price ZERO !
@Marc
Dr. Ravi Batra predicted the end of Wall St by 2010. I don’t think he realized the amount of corruption (government Goldman Sachs) when he made the prediction in 2007.
First half of the show was b/w OK and Good
2nd half was YAWN!!!!!!
@ Pez
Dr Dr. Ravi Batra is a Conn artist
And Tey definately gonna continue Wall St. fer anotter 2 to 3 years
With HFT even I came to the same conclusion after a point peeps will not trade anymore
But Co.s will still require Capital so Stock markets will and hafta survive some how
because to grow from a 5 mill to a say 100 mill Company no individual would risk his own $$$$$$ he’d rather spread the Risk by offerin a IPO
tear are very few multi -million Co’s where tee owners own above 50 % Stock
But wit all tee Fleecin happenin on Wall St tat might change in the near future Cause from me guestimates 400 families robbed 1 trill in the last 2 ears tas a sh!t load of $$$$$$
Hic
Case study
Anil Ambani offered an IPO for his petroleum Co
He needed aruond 3 billion dollars the whole world offered him 6 Bill
his freakin Brother just built a 2 billion dollar house in Mumbai
He coulda used his own monies but he wanted to spread ta risk
Feds Undercut BC’s Oil Spill Prevention Panel
Tories rewriting safety regs with no input from their own expert panel, says member.
By Mitchell Anderson, Yesterday, TheTyee.ca
http://thetyee.ca/News/2010/05/31/OilSpillPrevention/
@ y’all – I’m worried that we (the US) might be planning some shitty surprise military operation. Just saw a Democracy Now headline that we’re planning unilateral strikes on Pakistan to put in place “in the event of a successful attack on US soil.” Well, I mentioned that my father-in-law is dying. One of his grandsons is in Iraq. All we know is that he does all of his work in some flipping cargo-type storage container. Don’t know exactly where he’s located, what he’s charged with doing, anything. But he’s always easy to get in touch with. My sister-in-law has been trying to contact him for the past 2 weeks to let him know that he needs to get home to see his grandfather. She’s heard nothing, which is weird. She thinks he might be on a special mission or something.Now that I see this Democracy Now headline, I’m freaking hoping that we’re not cooking up a false flag op somewhere in the US so our guys can go and kill whomever in Pakistan and ratchet up the military offensive there.
@ Mep
yup tas been on ta radar of Keiserville fer ta last few days tey preparin Dry Runs on Pakistan
But Mep Pakistan doesnt have any real resources
USA never attacks a country without resources
I feel its just a pretext for an Invasion of Iran
Watch out fer a false Flag ops
Hic
@ bonn – Hic! right back at ya. I don’t know what’s going on. If it’s not a resource thing, it would make sense that it could be just a terrorism/massacre the dissidents who oppose US involvement in the area and US drone strikes thing. Just seems really weird that my nephew is no longer reachable, where usually, he’d e-mail right back, set up a webcam chat, text message, something.
Get ready to be a farmer!
@ dan – I AM a farmer! Just don’t ask about the lettuce, b/c the heat already ruined my crops. How’s the dirt thing going?
9/11 9/11 9/11 9/119/11 9/119/11 9/119/11 9/119/11 9/11
http://www.infowars.com/crosstalk-on-911-whodunit/
@Mep…the dirt is really comming along nicely…what do you farm?
Yay for the dirt! I’ve got tomatoes (3 kinds), straight-eight cucumbers, bush cucumbers, radishes (already harvested some), sugar snap peas, garden beans, red onions, beets, chives, sage, basil, oregano, parsley, strawberries, concord grapes, blueberries, green bunching onions, yellow squash, and lettuce (all but the romaine dying back already.) Don’t have too much property, and would have more room if I planted in the perimeter of the mulched area where the dogs poop, but I’ve found plenty of nooks, crannies, beds, and containers to plant in.
I remember those victory garden days and picking wild blackberries…and the canning / freezing…so much knowlege lost. Most of the farms where I grew up have stopped farming and theres just gas wells all over the place.
ok back too work for me.
Yep, I figure that if I’m angry about GE food, energy wars, and concerned about climate change, the least I can do is grow some of my own food. Funny thing about it is that it’s sooooooo incredibly satisfying that it’s addicting. I’m not done findng new things to plant and new places to plant them in yet. It’s a total bummer that generations have lost the knowledge you speak of. My mom grew up poor on a farm, and she never even passed on anything related to gardening or canning to us. I wish she had. Now, I’m starting things from seed and giving her all of her plants to start her garden with! everyone I know is growing something . . . even the most wealthy people we know–we planted some of my stuff for them in their garden this past weekend.
Oh, and speaking of gas/gas wells, <a href="http://www.msnbc.msn.com/id/26315908/#37458730"here is Rachel Maddow’s segment on BP/the Gulf spill from last night. Good info. in there on potential fines and BP’s potential bankruptcy.
oops, link here. see what happens when you drink and try to link?
Total Hic.
Man RT too what a bunch of Twerps on the 9/11 nonsense
All you gotta ask the US Govt. is for the pentagon Survalience vids
you will see that its a missile that hits the pentagon or a drone kinda thang
Hic
Oh the families will be affected by it
I am willin to donate 100 dollars to a fund for the familys and I aint even a US citizen but I want to see the survailence Vids
Proove to me that it was actually an airline
@ bonn- this doesn’t bode well for 9/11 and the “war on terrorism,” either.
@Stacy…
I really enjoyed your analysis about BP’s self regulation vs. Wall Streets self regulation. And that dispersant thing…really keen observation.
It’s a wonder what a UCLA education can do. =)
I regret postin tis
http://www.infowars.com/crosstalk-on-911-whodunit/
tat guy on RT keeps sayin I am not a scientest i dunno what temp. steel melts at
Freakin tas 10 th Grade science Twerp
or go to freakin google type what temp does steel melt at
go to a steel mill
put yer hand into the molten steel to test the temp ya twerp
lol
Hic
@ bonn – don’t worry, in one way or another, the real “evil-doers” always get what they’ve got coming to them.
Chill with me, bro.
Gold / Interest Rate Swaps / Interest Rates and …
Why Martin Armstrong is still in jail :
http://www.bullionanalysis.com/CFTC-Meeting-Martin-Armstrong.pdf
MUST READ .
“Respectable derivatives Market”
Noooooooooooooooooooooooooooooooooooooo
Stop it Heidi.
No Tungsten in small gold coins.
Japanese Prime Minister Yukio Hatoyama Will Announce His Resignation
http://www.economicpolicyjournal.com/2010/06/japanese-prime-minister-yukio-hatoyama.html
having one more glass of wine and hitting the sack so that i don’t have nightmares about drones hitting the Pentagon and causing a scarcity of small gold coins.
@MorrorMirror
The USA decides who the leaders are in all the countries of the world.
They have many methods of achieving this.
It’s pumpkin time for me. One more Neil for y’all:
http://www.youtube.com/watch?v=mU9_Q7PJuNQ&feature=related
Now go forth and be good peeps . . . ya never know WTF other people are dealing with.
@Jon
Crawford Perspective a newletter writer says he sees dramatic action by 30/6/2010. That’s in less than one month. Very realistic. What’s funny is that he uses astrology to predict stock and market movements. And he managed to have the best performance amongst newletter writers.
http://www.crawfordperspectives.com/
U.S. high court allows $600mln class action against PIMCO” <> http://ow.ly/1SOU7
The entire world economic system is a huge ponzi scheme and Fraud. A inter galactic criminal probe should be launched into this crime against humanity.
WHAT,
” WALL STREET HAS BEEN SO BEATEN DOWN”. Am I living in an alternative universe!!! IN THE UNIVERSE THAT i thought that I lived in “wall street just ripped off the world for trillions of $$$$ and made billions in profits.
Hedging currency and fuel costs???
That’s a lame defense for Derivatives…
One of the Junior Gold Producers I follow had a problem with fuel supplies last year…
So their solution THIS year is to actually STORE SOME FUEL for the winter…
DUH!!!!
You don’t need derivatives for that sort of game…
anyway…
I find it interesting that the HSX contracts are geared for $5k
just like the CDN TFSAs… HMmmmmm
I am seeing the parallels… the copycat nature of the American System…
Good job, Uncle Sam…
You’re learning to weasel dumb money from the proletariat…
I salute you!!!! (with the famous finger of Trudeau…)
Maybe I should go activate my membership with the Movies Union (IATSE) so I can start getting some inside info on the next great sci-fi thriller blockbuster to come out of the anus of imagination?