Euro crisis-On the Edge with Max Keiser-12-09-2011 Guest: Greg Hunter

6 Responses to Euro crisis-On the Edge with Max Keiser-12-09-2011 Guest: Greg Hunter

1. Jim | December 11, 2011 at 12:56 am |

   This interview has my vote for the all time best Max interview, bar none. This man is a true educator, can maintain his train of thought, and very astute and on top of things. I’m sending this link to everyone on my list as this can get them up to speed in a hurry. Bravo Max, you and this guy are a good team.

2. sam | December 11, 2011 at 2:53 am |

   awesome interview Max. @Jim agree, probably the best.

3. ricin3000 | December 11, 2011 at 3:43 am |

   Great OTE.

   Dollar swaps is to increase the EU bankster’s foreign reserves. The printing happens not in EU but over the pond so they can say they didn’t print at the ECB (they don’t really have that mandate to print for banks’ private debt).

   And the bank’s private debt and coorporation’s private debt and public private debt (in Holland: mortgages) are much bigger than the so-called public debt, which is supposed to be the hottest potatoe. It’s not. But it’s a great stick to beat the dog with.

   Add to that that creating money is equal to creating debt. The good ol’ exponential function.

   Greets,

   R3K

4. indeed | December 11, 2011 at 5:44 am |

   I thought for awhile that Greg Hunter was going to make the peasant argument, but he stuck to his guns. Very good interview – if only it would happen.

5. Alastair Carnegie | December 11, 2011 at 5:56 am |

   You have to hand it to Marcus Licinius Crassus, he would have done very well in today’s financial markets. Marcus Licinius Crassus was taught in UK Public Schools [READ PRIVATE EXPENSIVE SCHOOLS!] as the role model to follow [in Latin, to keep the material secret] to students wishing to make their fortune in the world, and so be able later on to afford the huge inflated school fees for their children and grandchildren.

   Marcus used every trick in the book, he had a small 500 strong army of criminal fire brigade operatives, with arsonist tendencies, when a house fire broke out in Rome, they put the fire out the Roman way, neighbouring houses were demolished to prevent the spead of the flames. Marcus Lucinius Crassus sent his Fire Brigade Chief round to negotiate the purchase of all the houses they were about to demolish, This Fire Chief made a derisory offer, that he hoped would be refused!!!…because when the fire spread, they would need to buy more houses, to demolish in order to prevent the flames spreading even further. Very soon neighbours would chip in to the unfortunate victims, to prevent their own houses being demolished. This was how the first Fire Insurance Scheme began. Marcus Lucinius Crassus was furious! when he discovered Romans were accepting his lowest offers without question. Remember area increases to the square! 1, 4, 9, 16, 25, 36, 49, 64…etc. The longer the delay the more proffit for Crassus.

   When I was learning all this at Wellington College, I pointed out how immoral it was! and it was not long before my House Master was informing me that my presence in Latin Class, was no longer desired, I was a ‘disruptive influence’ and so I would do extra Geography on my own, in the Geography Room, instead. They had all the back issues of National Geographic, which I was tasked to learn and inwardly digest….to be tested later by Commander Borrodale RN. Who was really pleased with me for sticking to moral principles!
   http://en.wikipedia.org/wiki/Marcus_Licinius_Crassus

6. John Robb | December 11, 2011 at 11:29 am |

   “The lesson from the S&L crisis was that we need to change the law to protect the bankers so that when we do the same crimes again none of them will go to jail. So in that respect they were very successful.” -Max

   I wonder if Black has ever pondered these deeper notions, that firstly, the cartel of banks created the environment for their competitors, the S&Ls, to fall. Then secondly, they studied Black’s investigation and prosecutions henceforth to better determine, as Max indicates, how to not get caught themselves.

   It appeared to me back then as rather academic. Federal charters, interest rate ceilings, expansion of powers diversifying investment activity to compensate for loss of business due to interest rate ceilings, increased insurance, etc. What a regulatory mess!

   Funny that GHWBush’s first act was bailing out a few S&Ls and that GWBush’s last act was bailing out a few banks. It was the S&Lers that went to jail. The bankers didn’t.