Stacy Summary: Eco-eco unrest. Iceland was the first government to be ousted in the 21st century over the economic collapse; will Pakistan be the first to be overthrown over ecological collapse?
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Stacy Summary: We look at the latest scandals of box office manipulation in China, $9 billion missing in Iraq and contango in commodities. In the second half of the show, Max talks to internet sensation George Hemminger about his experience with financial collapse in America.
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Posted in Max Keiser Video
Tagged china, george hemminger, iraq, keiser report, max keiser, stacy herbert
Stacy Summary: We’ll get a lot of shrieking newbies for posting this, but here is Bloomberg piece on the doubling of environmental accidents in China in first six months of the year including a chemical spill that killed enough fish to feed 72,000 people for a year. **Update** China’s Three Gorges dam close to limit as ‘once in 10,000 year flood’ continues
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Stacy Summary: We look at the latest scandals of IMF forecasts and commercial banks pawning their nations’ gold reserves. In the second half of the show, Max has a most excellent interview with The Market Ticker’s Karl Denninger about market manipulation and flash crashes.
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Posted in Max Keiser Video
Tagged blow up doll, china, flash crash, gold, imf, jobs, karl denninger, keiser report, market manipulation, max keiser, stacy herbert
Stacy Summary: More headlines from fantasyland:
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Stacy Summary: If you needed any more sign of transfer of wealth and power from one nation to another:
“(This is) a new generation of migrant workers,” said Liu Kaiming, executive director of the Institute of Contemporary Observation, a privately funded group in Shenzhen that focuses on labor issues. “They are more willing to speak out about their grievances and are less tolerant of long hours and tough conditions than the older generation.”
…
“The rights mentality of younger workers is much stronger than past generations,” said Wen Xiaoyi, a researcher at the China Institute of Industrial Relations in Beijing. “The older workers tell you they feel a sense of loyalty to the company, but they also say that younger workers have a completely different attitude and higher expectations.”
Meanwhile, as we reported recently that with the young of America:
. . . demand for virtual rather than real wages is more common among younger workers.
“There will be a whole new generation of kids growing up who won’t really see the difference,” he said.
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Good morning and thanks for the interesting conversation on the previous thread (Keiser Report 51)!
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Stacy Summary: We look at “sucking gold and slurping silver” with Goldman Sachs in China and at banks refusing to buy back their toxic loans from Fannie Mae and Freddie Mac. In the second half of the show, Max interviews Vincent Fernando of Business Insider about debt deflation, wage inflation and austerity measures.
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Posted in Max Keiser Video
Tagged china, fannie mae, freddie mac, goldman sachs, keiser report, max keiser, stacy herbert
Stacy Summary: This week we look at whether or not, as Western economies collapse under the weight of all their debt, China can save the world economy. In the second half of the show, Max interviews Paul Midler, author of “Poorly Made in China”, about China’s $300 billion rail projects; how restricting liquidity in a command and control economy actually accentuates misallocation of resources; and about having to hire lawyers to find out what is in his shampoo.
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Posted in Max Keiser Video
Tagged china, keiser report, max keiser, paul midler, stacy herbert
Stacy Summary: Good morning! There is also Goldman joining Nigeria, but it had too many syllables to fit into headline.
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Stacy Summary: These are two articles I read while getting my haircut this morning; the line I highlight in the second article is what I have maintained will probably sort out the problems in the first. Most empires / new powers emerge with a new energy source. It makes sense that the US, which became a superpower through oil will fight tooth and nail to preserve this. But it makes zero sense for China to tie their future to an energy source that the US has and will continue to destroy to control. Also, trying to solve the problem of energy will give China the home-grown technological knowledge that they will need if they want to become a serious global power. So, two interesting reads, look forward to your thoughts . . .
The same principle explains the country’s overall drive to move ahead of the rest of the world: to make sure it gets a real say in setting its future rules and standards. It knows it can climb the economic ladder more easily in new and developing technologies than in traditional industries, and that’s why China, the world’s biggest polluter, has also become the single biggest state supporter of green technology. Thanks to massive government subsidies, it’s now a world leader in solar- and wind-energy hardware and is moving fast to set the standard in the next generation of clean-energy vehicles. Batteries made by the Chinese firm BYD are already used in at least a quarter of the world’s mobile-phone market; now the battery maker is leading the global race to adapt these batteries for cars, the biggest remaining hurdle in creating a viable market for electric and hybrid automobiles.
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Stacy Summary: I like the way that all official statements coming from China relating to almost anything, including the economy; are contradicted by several other official statements. So, for example, in the last week we have heard from several official sources that the yuan will rise by up to 5pc and that the yuan, in fact, will not be allowed to rise at all. It’s the art of war I suppose of never letting your enemy, in this case, the other players in the market, know what you are really doing.
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Rick Ackerman
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