This time Max Keiser and co-host Stacy Herbert look at the scandals behind psychic scams, money heaven and credit default swap bans. Keiser talks to Business Insider’s Joe Wiesenthal about derivatives, hedge funds, the economy and day trading politicians.
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@ForbiddenStallion. Im aware of Ron Paul’s position. My problem with it is that the people with the most gold would exploit the people who didn’t have gold.
We still have a conflict between the haves and have nots.
This is all deeply rooted in the ideology of deregulated free market capitalism where we let financial institutions, banks & corporations dictate and everybody is at the mercy of big business & a tyrannical government willing to back them up at tax payers expense. The government knew what was going on but allowed it for the sake of profit. And AIG is too big to fail because of contracts & we’re all just supposed to sit back & take the abuse. Why don’t we just overthrow the government? (-A-)
The latest news is that there is no possibility for Germany to bailout Greece.
Embarrassing – YT sat on my first comment for 12 freakin’ hours – my second 11 hours – then 10 hours
It wasn’t a global plot to stop me saying breasts
Fraud everywhere you look. The financial institutions are accomplished liars and conmen. Governments are impotent to deal with them now. The worldwide imbalances are now absolutely gigantic. Wall Street is pushing buttons and effectively killing people and their lives – whole countries.
The world is truly hideous now. Only ignorance on the part of those who suffer and keep voting for more punishment prevents revolution. Frequently I wish I had not been born human. Look what we do !!!!!
Weird YT blockaded my last 2 comments
YT censored my comment (our souls) I think for B word (not that one) – I said;
“Every time I watch this vid – YT recommends I start seeing ppl with huge assets.
Does YT know something about Max’s audience?”
Had to substitute a bunch of words to get this comment up;
– seeing – replaces D word (rhymes with waiting)
– ppl – replaces W word (rhymes with swimin’)
– assets- replaces B word (rhymes with crests)
Was the effort worth it – no
Every time I watch this vid – YT recommends I start dating women with huge breasts
Does YT know something about Max’s audience?
The ability to create money out of thin air allows governments to expand unnaturally large. With a gold standard, there is still corruption, but with a fiat currency, the corruption increases dramatically. You should read Ron Paul’s “End the Fed.”
You have a good point. But I think we can do both. Abolish the IMF and World Bank, and replace them with democratic institutions. But it is also clear that making these kind of changes can’t happen if the financial oligarchs control our political system.
returning to the gold standard does nothing to stop the wealthy elites from imposing their power on the poor.
This economic crisis has little to do with Keynesian economics. Keynes despised unregulated capitalism. He thought the only way capitalism could survive was if government provided jobs when capitalism failed to.
That’s what I thought. No wonder others mock him.
@Melville10 – yes, he is. He also wants the Fed to keep rates near 0%, and to not listen to people who say we must return to a gold standard. He is a total Keynsian with absolutely no understanding of economics.
i first heard about sean moron on coasttocoastam a few years ago.
Stacy is such a cutie.
Max focuses too much on banks and speculators.
This Wiesenthal guy gets it though.
There have always been speculators, and as long as we are free, there always will be. Why now are they doing so much damage?
Leverage rules, reserve ratios, artificially low interest rates!
The Central Banks, the BIS, the IMF, World Bank. As long as they are around, nothing will ever change. No matter how many Goldmans, or Morgans you break up. No matter how many regulations you pile on: nothing changes until the monetary system changes.
lol, are you American? they cannot hold a candle to the US media for pure propaganda
LOL. Small world.
And they don’t have an agenda??? LOL
Stacy Herbert est tres sympa
@nomosocialists It’s one of the places to get some truth,amazingly??
@Melville10
I used to live at 10 meville road???? spooky
truth
@ForbiddenStallion Isn’t Krugman the one who insists we have to spend, spend, spend to get out of the depression we are in?