We discuss Occupy London art that may be from Banksy… or Keiser Report? They also look at the skyrocketing cost of new oil supply as Tony Blair sets up office in Kazakhstan. In the second half of the show, Max Keiser interviews Gail Tverberg of Our Finite World about the 65 year debt bubble now bursting as resources and credit hit their limit.
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Posted in Keiser Report
Tagged banksy, bernanke, gail tverberg, kazakhstan, tony blair
Stacy Summary: Bernanke has just said he’s prepared to provide more stimulus. Hello, QE3. Happily for me, there have been so many shriekers in the past two or three months that I’ve been able to build up my arsenal on the cheap in order to protect myself from Bernanke’s monetary IEDs. If it weren’t for these losers, of course, I wouldn’t be winning. That is, I would be collateral damage in this raging fiat currency war. Hey, they were bleeding (bleating) all over the street, I was just helping them out by buying from them. So next time gold and silver correct, please, please, please encourage the shriekers and panickers even more than you did this last time. Tell them to sell! sell! sell!!! We need to shake more of them out into my stack! Keep up the good work Mike/Liverpool, Don Harrold and Adam Kokesh! Shake more people outta that ‘bubble!!!!’ Yeehaaa!! But the biggest thank you is reserved for those legions of anonymous trolls on our youtube videos week after week while silver and gold were building an incredibly powerful base on which to spring up much, much higher from here. They did such an amazing job freaking people out when anyone with a third grade education could have seen the classic base-building. There was no magic, no special talent required to see what would happen next. For the next leg up in the bull market, they will slither back into their mom’s basement secure in their anonymity; leaving you, alas, have just a wing and prayer that Bernanke will kill you quickly and not draw out your monetary, economic and financial death.
UPDATE: RON PAUL JUST ASKED BERNANKE IF GOLD IS MONEY, BERNANKE ANSWERED, ‘NO.’
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Stacy Summary: I’m 100% certain this guy is going to try to interrupt the recording of the next episode of the Keiser Report to ask whether the SLA can back down.
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Stacy Summary: Loose money and cheap credit for the US, tighter policy for Europe? Trichet should watch the Tuesday’s Keiser Report and he would know that the Greeks would say to him, “if you take away my bread, I will take you down.”
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Stacy Summary: What I’m reading while taking breaks from editing. Sorry if I have failed to h/t anyone! And let me know what you’re reading that hasn’t made it to this list.
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Stacy Summary: Tip o’ the hat to @Danny!
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Stacy Summary: Are you surprised? Negotiating privately with the banks?
Beginning late in the week of Nov. 3, the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve. Geithner’s team circulated a draft term sheet outlining how the New York Fed wanted to deal with the swaps — insurance-like contracts that backed soured collateralized-debt obligations….
Part of a sentence in the document was crossed out. It contained a blank space that was intended to show the amount of the haircut the banks would take, according to people who saw the term sheet. After less than a week of private negotiations with the banks, the New York Fed instructed AIG to pay them par, or 100 cents on the dollar. The content of its deliberations has never been made public.
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Stacy Summary: ‘Economic provocateur’ is how the WSJ refers to Faber.
He, like Warren Buffett, Nouriel Roubini and others, thinks the dollar is destined to erode, though Mr. Faber said it could rebound over the next few months as signs of deflation stick around. “The dollar in the long run is a doomed currency,” he said. “This is the short of the century…The government’s policy is to make it worthless.”
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Stacy Summary: Interesting post from Congressman Grayson on his questions to Bernanke. I know this has been a big topic of discussion here so thought I would share this . . . . what are you thoughts?
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Stacy Summary: Thanks for keeping the headlines rolling today! As with every Wednesday, we were at the studio recording. Hope you like this week’s show with Alex Jones interviewed for second half.
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Stacy Summary: Okay, so the blonde Latvian story may be a bit frivolous on the surface. Is it, however, any more ridiculous (or dangerous) than Bernanke’s attempts to revive the economy through rigging house prices?
Stacy summary: Note that the IMF loan to Latvia is for 7.5 billion euro to a population of only 2.3 million; that is €3260 (USD$4566) for every man, woman and child . Also note that GDP per capita is US$11,985 in 2007. This sounds like the conditions that led Germany down their own celebrating blondes path.
“We could be nearing the end-game for the US dollar but the Fed has little choice at this point. We’re in a vicious circle where any policy aimed at supporting the US economy must be at the expense of the dollar.”
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Rick Ackerman
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