In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss David Cameron as a Special Purpose Vehicle (SPV) which causes the wealth of the nation to drop. They also discuss Continuous Payment Authorities as a metaphor for our financial systems continuously taking toll payments, whether via interest fees or inflation.
Joseph Stiglitz couldn’t believe his ears. Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America’s economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, “What would Goldman think of that?”
In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’ In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation and about the intersection of interest rates and wages going back to David Ricardo when wages were measured against the price of bread to today when they are measured against the price of debt.
In this episode, Max Keiser and Stacy Herbert discuss the fact that we’re all cows eating candy during the global liquidity drought and yet Central Bank ‘farmers’ can’t see the ill-effects because the stock markets are at four year highs. In the second half of the show, Max Keiser talks to Dmitry Orlov about 2013: revolutionary travel advisories, economic and supply chain collapse and food stamp lines at Wal-Mart.
In this edition of the show Max interviews Dr. Paul Craig Roberts from paulcraigroberts.org. Dr. Paul C. Roberts is an economist, author and now a blogger at paulcraigroberts.com. He was an Assistant Treasury Secretary in Reagan Administration. The US economy, TPP (Trans Pacific Partnership) secret trade deal, American and foreign powerful corporations, Dr. Robert’s book entitled ‘Silent Spring for US’ and more issues are all discussed in this episode of On the Edge.
Four years ago in a Ministry of Defence Review, the Whitehall Mandarins, more astutely than any so-called Lefty, determined the following:
“The Middle Class Proletariat — The middle classes could become a revolutionary class, taking the role envisaged for the proletariat by Marx. The globalization of labour markets and reducing levels of national welfare provision and employment could reduce peoples’ attachment to particular states. The growing gap between themselves and a small number of highly visible super-rich individuals might fuel disillusion with meritocracy, while the growing urban under-classes are likely to pose an increasing threat to social order and stability, as the burden of acquired debt and the failure of pension provision begins to bite. Faced by these twin challenges, the world’s middle-classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest.” — ‘UK Ministry of Defence report, The DCDC Global Strategic Trends Programme 2007-2036’ (Third Edition) p.96, March 2007
Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.
This week Max Keiser and co-host, Stacy Herbert, report on selling Greece’s sovereignty and Spain’s El Gordo. In the second half of the show, Max talks to economist Michael Hudson about the IMF assassins sent in to destroy the Greek economy.
This week Max Keiser and co-host, Stacy Herbert, report on American household wealth declining by 23% while billionaires see their wealth rise by 25%. In the second half of the show, Max talks to Dmitry Orlov for an update on the state of economic collapse in America.
In this edition of Press TV’s on the edge with Max Keiser, Max discusses the link between the worker’s struggle in Wisconsin and the revolutions in Egypt and Tunisia with the journalist and blogger, David DeGraw. DeGraw believes what we are seeing in Wisconsin, Egypt, Tunisia and all over the world is a decentralized global rebellion against neo-liberal global economic policies. He believes the Federal Reserve, Goldman Sachs, J.P. Morgan, the IMF and the World Bank are the constituents of this destructive force.
This time Max Keiser and co-host, Stacy Herbert, talk about Guanxi schemes selling fictional forests for real money, while real farmland cant find even a virtual penny. In the second half of the show, Max talks to author and documentary filmmaker, Greg Palast, about whether it is peak oil or oil dictatorships that is the bigger threat to the global economy.