Tag Archives: hsx

Max Keiser on Huffington Post: Can the MPAA Teach Us Something About Financial Reform?

Posted on July 14, 2010 by maxkeiser| 10 Comments

Readers of MaxKeiser.com know our crusade against these dangerous financial products. Now it’s time to up the ante and move the fight to other exchanges.

The Motion Picture Association of America (MPAA) figured out that Cantor Fitzgerald’s Box Office Futures contracts could devastate Hollywood when rogue traders were let loose to prey on their industry. . .

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Posted in Headlines

Tagged cantor fitzgerald, hsx, huffington post, max keiser, mpaa, silver futures market

Congratulations to Those Who Opposed the Legality of Trading in Box Office Futures

Posted on July 14, 2010 by maxkeiser| 34 Comments

Cantor Has Laid Off Its Entire HSX Staff

A principal public opponent to this market is none other than Max Keiser of “The Keiser Report”

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Posted in Pirate Myfilm

Tagged cantor fitzgerald, hsx, max keiser

Felix Salmon Questions the Max Keiser U-Turn

Posted on May 25, 2010 by stacyherbert| 90 Comments

Stacy Summary: I’m going to have to refer Felix Salmon to our Keiser Report episode where I ask Max this from 15.34

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Tagged felix salmon, hsx, max keiser

Slate.com – Max Keiser’s Dangerous Financial Weapon Invention

Posted on May 25, 2010 by stacyherbert| 90 Comments

Stacy Summary: More coverage of box office futures . . .

Lights, Camera . . . . Max Keiser’s Dangerous Financial Weapon Invention!

“Keiser, unlike [Robert] Oppenheimer, didn’t have access to atomic bombs. His lethal weapon is more the financial kind, and after a long hibernation it has become the root of this year’s biggest controversy in Tinseltown: an exchange on which traders could bet on the performance of movies.”

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Tagged box office futures, hsx, max keiser, michael burns, robert oppenheimer, slate.com

Ellen Brown: Will Hollywood Go the Way of Enron? Derivatives Come to Movies

Posted on May 3, 2010 by stacyherbert| 101 Comments

Stacy Summary: Ellen Brown’s second half to her article about High Frequency Trading. We will be interviewing her for this week’s On the Edge about her HFT item.

Will Hollywood Go the Way of Enron?

Whether a movie’s stock price rises or falls is considered to be a predictor of the movie’s future success; but Keiser warns that today, the prediction value of market pricing is largely a hoax. Traders using sophisticated computer programs have learned how to manipulate prices, and market rigging has become institutionalized. Continue reading →

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Posted in Max Keiser Blog, Pirate Myfilm

Tagged ellen brown, hft, hsx

Max Keiser in the News: Computerized Front Running and America’s Disneyland Economy

Posted on April 23, 2010 by stacyherbert| 138 Comments

Stacy Summary: Two items out this morning. The first one by Ellen Brown is a fantastic piece that looks into high frequency trading and market making in regards to developments on Max’s patent, the virtual specialist technology. The second article is something posted on ZeroHedge and you will immediately notice in the headline that they use something that Max has said over and over for the past six or seven years. The piece is based on an email exchange between ZH and Mike Krieger, who wrote to Max this morning to thank him for the ‘inspiration’ on the phrase, neo-feudal gulag casino economy and to say he didn’t realize that this would be published (and thus the non-attribution).

Computerized Front Running and Financial Fraud: How a Computer Program Designed to Save the Free Market Turned Into a Monster (Ellen Brown)

Ellen’s article in Counterpunch

Insights into America’s Disneyland and ‘Neo-feudalistic, Gulag Casino Economy” (Zerohedge)

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Tagged front running, gulag casino economy, hft, hsx, max keiser, neo-feudalism

Max Keiser PirateMyFilm Pre-Beta Blog: US dollar is a virtual currency

Posted on April 14, 2009 by maxkeiser| 3 Comments

This Cory Doctorow column in the Guardian about gaming and currencies is a nice update to a trend I’ve been tracking since 1996 and the launch of Hollywood Stock Exchange.

At the time, when I was running HSX I insisted on allowing users to convert Hollywood Dollars into U.S. dollars at a fixed exchange rate of 1 million to 1. The profit to us was pretty good because by the time a user on HSX made 1 million Hollywood dollars clicking around our site, we had served more than 1 dollar in ads. The NYT called the Hollywood Dollar the first virtual currency in existence in a story from around that time.

What’s interesting to me today, is not that virtual currencies are just now being understood as a viable piece of the overall economy but how supposedly smart people, like America’s favorite economist Paul Krugman, fail to understand, or have decided not to inform Americans that the Federal Reserve Bank and U.S. Treasury issuing U.S. dollars is no different than online game currencies.

Continue reading →

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Posted in Max Keiser Blog

Tagged cory doctorow, fiat currencies, hollywood stock exchange, hsx, max keiser, virtual currencies