Tag Archives: iceland

Paid Shill Mishkin Helped Push Icelandic Ponzi Scheme

Posted on August 23, 2010 by stacyherbert| 34 Comments

Stacy Summary: In yesterday’s thread, Giuseppe argued that it was somehow FoxNews like of me to point out that Dr. Patrick Michaels admission that oil firms cover 40% of his budget to produce research that ‘proves’ the oil industry does no harm. Today we see Mishkin was paid $124,000 to lend his perceived expertise to a report blessing Iceland’s banking system, just before the collapse. I would like to refer you to the video report below that WE made 12 months before Iceland’s collapse. And to continue with Giuseppe’s much applauded (Dedo) analogy, the film we made was financed by Aljazeera, which in turn is financed by the Qatar government, which in turn was a big investor in Iceland. Unlike, Mishkin, however, we were not paid directly by the corporations seeking to defraud the global taxpayer via their reckless ponzi scheme. We believe that it is important to know who is paid to produce reports, research or opinion intentionally designed to confuse and perpetuate frauds and will continue to point them out as we see them.

Paid shill Mishkin helped push Icelandic ponzi scheme

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Posted in Max Keiser Video

Tagged iceland, mishkin

[KR70] Keiser Report – Markets! Finance! Crouching Assets, Hidden Wealth!

Posted on August 19, 2010 by stacyherbert| 113 Comments

Stacy Summary: We look at post anti-Americanism and crouching assets, hidden wealth in China. In the second half of the show, Max talks to Jon Thorisson in Iceland about his campaign against Magma Energy and about the resistance of the Icelandic people to IMF measures.

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Posted in Max Keiser Video

Tagged iceland, jon thorisson, keiser report, max keiser, post anti-americanism, stacy herbert

OMG! Now Hekla is Erupting!?!

Posted on April 19, 2010 by stacyherbert| 35 Comments

Stacy Summary: Apparently, Hekla has started erupting. Hekla is the volcano whose last eruption is credited with having caused the French Revolution when crops failed. Max asked about Hekla in our film about Iceland:

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Posted in Headlines

Tagged hekla, iceland

[KR34] Keiser Report – Markets! Finance! Scandal! And Birgitta Jonsdottir!!

Posted on April 15, 2010 by stacyherbert| 74 Comments

Stacy Summary: In this episode we look at the scandals of Greece winning a loan; the exodus from Iceland while billionaire plunderers receive safe haven in London; and the dumping of US Treasury bonds as American consumers are about to get squished. In the second half of the show, Max talks to Birgitta Jonsdottir, a Member of Parliament in Iceland, about the Black Report into the country’s banking collapse.

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Posted in Headlines

Tagged birgitta jonsdottir, greece, iceland, keiser report, max keiser, stacy herbert, us treasury bonds

Iceland seeks to become offshore haven . . . for journalists and leakers

Posted on February 12, 2010 by stacyherbert| 193 Comments

Stacy Summary: Go Iceland!

Iceland aims to create safe haven for freedom of expression

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Posted in Headlines

Tagged freedom of expression, iceland, journalists, leakers

[Video] Max Keiser on Egill Helgason

Posted on January 31, 2010 by stacyherbert| 153 Comments

Stacy Summary: Here is Max’s appearance on Icelandic TV today.

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Posted in Max Keiser Video

Tagged egill helgason, gordon brown, iceland, icesave, max keiser

[KR07] Keiser Report – Markets! Finance! Scandal!

Posted on January 7, 2010 by stacyherbert| 398 Comments

Stacy Summary: We cover the Iceland story with an interview of Johannes Skulaso of Indefence and Max re-introduces the Eldridge Cleaver pants for today’s airport experience.

Here are the Eldridge Cleaver pants Max recommends for the modern airport security experience.

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Posted in Max Keiser Video

Tagged eldridge cleaver, iceland, johannes skulaso, keiser report

McDonald’s abandons Iceland after krona collapse

Posted on October 27, 2009 by stacyherbert| 68 Comments

Stacy Summary: So, this is what Britain has to look forward to when the pound collapses? Perhaps even the entire identikit High Street will be replaced by local shops again?

McDonald’s closes in Iceland after collapse of krona (h/t @Mini US)

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Posted in Headlines

Tagged iceland, mcdonalds

Iceland: economy shrinks 8%, prices rise 11% and market down 97%

Posted on October 12, 2009 by stacyherbert| 42 Comments

Stacy Summary: Hat trick to @maxkeiser! We really have to get Max back into that Blue Lagoon . . .

Iceland shrinks 8% as prices rise 11% in deepest recession

A year after the banking crisis brought Iceland to the brink of bankruptcy, the island nation is mired in the deepest recession among advanced economies. The stock market has lost 97 percent of its value, and more than 780 companies have buckled under the weight of foreign currency loans as the krona plunged. Consumers refuse to borrow at Europe’s highest interest rates, and international banks reject requests for new financing.

Prime Minister Johanna Sigurdardottir, who took office in February, pinned hopes for a recovery on the International Monetary Fund after Kaupthing hf, Landsbanki Islands hf and Glitnir Banki hf racked up $80 billion in debt, 16 times Iceland’s economic production. Now she says the economy may implode again as a dispute over Icelandic savings accounts held by overseas depositors delays a promised $5.1 billion bailout.

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Posted in Max Keiser Video

Tagged iceland

Two island nations, one yen carry trade collapse

Posted on September 30, 2009 by stacyherbert| 31 Comments

Stacy Summary: Both sides of this carry trade gamble have gone bust. Interesting to see how the population itself is responding differently with each.

Japan sinks even deeper into deflation

The crisis engulfing the world’s second economy is remarkale. Profits fell 53pc in the second quarter. Total cash earnings have dropped 7.1pc this year. Tax revenues have plunged 27pc. While the economy is no longer in recession, GDP has shrunk by 8pc from its peak and exports are down 36pc (in yen).

Iceland’s bloggers gain influence post collapse

One of the main factors behind Iceland’s financial implosion – an extreme microcosm for the problems in the rest of the world – is the secrecy, interconnection and conflicts of interest in its public life. That the major shareholders of the banks also owned much of the non-state media undoubtedly helped to perpetuate many myths about Iceland’s economic strength.