Pirate Myfilm: “Climate Babe Quest Nr. 1″ is Now The Highest PMF Fund Rated Project With an A +

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Pirate Myfilm: New Project – A Mini-Max, Super Stacy Action Report

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[KR49] Keiser Report – Markets! Finance! And Michael Hudson!

Stacy Summary: In this episode, we look at the scandals of financial wiseguys that ‘know nothing,’ including famed ‘value investor,’ Warren Buffett who says he knows nothing about his investments and nothing about how ratings contributed to the housing bubble. In the second half of the show, Max interviews economist Michael Hudson about the Latvian economy and real liberal economics.

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Gold At All Time Highs

Stacy Summary:  In the words of @Mike/Liverpool . . . gold is getting killed!!!

From MaxKeiser.com Images

In the meantime, the dollar is also relatively strong.

From MaxKeiser.com Images

**UPDATE**: And UK pound sterling diving.

From MaxKeiser.com Images
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Jerome Kerviel pleads insanity . . . banking culture insanity

Stacy Summary:  This is genius!!!

“No doubt I committed errors,” he wrote. “I overrode the usual methods, loaded false data to disguise gains, as well as losses. In a word, I pushed the system to its limit… But [what] was happening around me? [A] giant fraud perpetrated by all the trading floors in the world. To get good results, any tricks were permitted. The golden rule of the banking culture was simple: if you win, you are in the right; if you lose you are wrong and you’re out.”

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Box office futures market decision delayed one week

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Bhopal Disaster Bosses Handed Two Year Prison Sentences

Stacy Summary:  Twenty six years later, seven prison sentences have been handed down in the Bhopal case.   Wonder if it will take 25 years and 10 months for residents of Louisiana to start to receive ‘justice,’ if that’s what you can call this.

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UK’s Serious Fraud Office looking at Deutsche Bank role in alleged Kaupthing credit default swap manipulation

Stacy Summary:  Deutsche Bank being investigated for role in alleged credit derivatives manipulation.   I don’t think the SFO has ever been able to successfully investigate a single major bank or hedge fund.  Let’s see if they can find anything that might jeopardise the City’s role in global derivatives fraud.

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Greek Debt Bomb

Picking up speed on financing

We are sending our longtime director David Gumpel (from King Keiser to Money Geyser) to Athens to get some B-roll and to interview one of the local economists before Stacy and I fly down to speak with the people.

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Goldman, Sucking Gold and Slurping Silver

Stacy Summary:   Poetic, indeed.

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Euro Stronger Than The Deutsche Mark?

Stacy Summary:  The spin today is that the long term average for Euro is 1.18, so today’s EUR/USD chart is a-okay.

From MaxKeiser.com Images
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Plot to Overthrow Ruler of Ras al-Khaimah

Stacy Summary:  Bizarre story.  Ras al-Khaimah overlooks the Straits of Hormuz and is major oil producer.  Abu Dhabi, of course, has the world’s largest sovereign wealth fund.  The Emirate is crawling with American lobbyists, ‘lobbyists’ and other ‘private equity’ sort of guys, while the Brits had to settle for control of Dubai.  Interesting cast of characters here with the same old story (if slightly more bizarre and exaggerated in their claims) they always sell the media on these sort of coups (connected to terrorism if they are Muslim; Marxist dictators if they are Latin American)  . . .  Main players in this coup

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Norman Bates Socialists of America

Stacy Summary:  Wow, I’m beginning to see a trend.  Sounds like the aggressively anti-gay evangelicals who are all, in fact, gay and mostly hailing from the same states below.  And, looking from the outside, I bet if I asked most Brits or Europeans in which US states, based only on what you see as presented by popular outrage, are you most likely to see the most number of government employees, you’d probably guess Massachusetts or California or Vermont or Connecticut or some other ‘commie, socialist’ state like that . . .

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If Banks Don’t Have to Report Bad Debts, Do They Exist?

Stacy Summary:  Great summary by Reggie Middleton on the truth about mark to market. Regulators (sic) are just so much more powerful than bankers, aren’t they?

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