Stacy Summary: ** UPDATE ** – The ECB has only 77 billion euros in reserve and . . . Rumors of more derivatives losses at Societe Generale drag shares down up to 6%. The continuing and controlled demolition of every last penny of savings, whether in your pension account or your savings account, continues. These ‘losses’ will not stop until, as was discussed in the latest Keiser Report interview with Edward Harrison, the people say they have had enough of paying 100 cents on the dollar on these fraudulent derivatives.
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Stacy Summary: This episode, we compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate’s TheBigMoney.com about movie futures, financial innovation and financial reform.
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Posted in Max Keiser Video
Tagged bp, derivatives, financial innovation, financial reform, heidi moore, keiser report, max keiser, movie futures, stacy herbert
Stacy Summary: Oh yeah, here it comes. If your government has nukes, trillions in T-bills AND will stand up to US extradition treaties . . . you have it made in this gangster-gulag-casino economy.
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Stacy Summary: I have heard stories from family in America and also read comments on loads of boards that the quality of ‘stuff’ at most shops in the US is total junk this year. Anyone else hearing (or seeing) the same?
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Stacy Summary: Let me get this straight. The BIS warns that the derivatives still pose a systemic risk, and gold holders are urged by UBS, one of the biggest writers of derivatives of mass destruction, to take off your hedge against his bank’s toxic waste?
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Stacy Summary: Here we go again another bubble and more rigging of the system for the bankers to take all the foam. When and if that bubble gets going, of course.
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Stacy Summary: While the MSM headlines are of the dangerous peasant protestors, in the FT, more evidence emerges of weaponized financial products being deployed against nations. There is one sliver of good news to emerge from the bankers’ derivative and credit crime wave in the reduced carbon emissions as we see car sales and miles driven continue to plunge in the United States.
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Posted in Headlines
Tagged cds, derivatives, fatal attraction debt collection, kazakhstan, us auto sales
Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore Michael Krieger’s libertyblitzkrieg
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