Heresy in the shadow of the City: Max Keiser sacrifices the sacred cows of finance
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We discuss taxpayers in the West being pepper-sprayed with toxic debts while in China fraudsters receive five fingers of death. In the second half of the show, Max talks to Gregor Macdonald about Warren Buffett’s investment in Japan and the cost benefit analysis of the energy policy of invading resource rich nations in order to liberate their oil.
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While you were paying attention to Herman Cain, the Kardashians and the Penn State child sex abuse scandal, the U.S. Department of Energy administered last rites to the planet.
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Nick Clegg is set to accuse British banks of racism in a speech sure to anger many in the City.
The deputy prime minister is expected to say that banks have been discriminating against ethnic minorities when granting loans and setting interest rates.
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As we predicted, Philip Green put 1 bn pounds of debt onto Arcadia’s balance sheet – as the result of paying himself a 1 bn. pound ‘dividend’ (paid to his wife in Monaco to avoid tax) – destabilizing the company and making it incapable of dealing with any economic downturn. Flash forward to today. The company looks like it’ll go bankrupt, but Green already took his 1 bn. pounds out – so while the shareholders and employees get crushed – Green’s looking cool – due to his illegal and pathetic market rigging and gaming of the system.
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Murphy Report: an investigation conducted by government of Ireland into the Sexual abuse scandal in the Catholic archdiocese of Dublin.
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