Keiser Report №7: Markets! Finance! Scandal!
Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host Stacy Herbert name the top five themes to look for in 2010: the second leg of the financial crisis; crime will continue to pay; sovereign debt crises, real wars and fake wars. Keiser also speaks to Icelandic activist Johannes G. Skulason about his campaign to thwart the efforts by the UK and Netherlands to force citizens of Iceland to pay for the crimes of their banks.
March 10th, 2010 at 5:35 pm
OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won’t be able to satisfy physical gold and silver delivery
They will use an escape clause called a “Force Majeure” to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209%. (source: Jesse’s Cafe Americaine)
March 10th, 2010 at 6:32 pm
There is no such thing as a fair deal, from the international Debt Syndicate.
There is only fraud, brute force, extortion, blackmail, mass murder and enslavement.
Iceland must repudiate this Act of War, against them.
March 10th, 2010 at 7:07 pm
I have a solution to airport security.
FLY NAKED.
March 10th, 2010 at 7:36 pm
MAMMON IS CRUMBLING!
March 10th, 2010 at 8:24 pm
what if the Icelandic gov is abolished and the debt waived? is it safe to say that the gov has hijacked the economy and screwed up? it sounds like what happened in Argentina before 2000. probably im wrong.
March 10th, 2010 at 8:55 pm
When are we as people gonna grow a spine and tell these world “leaders” and “bankers” to go fuck themselves by stopping any payments to them?
March 10th, 2010 at 9:18 pm
is the graphics man trying to hypnotize us??
March 10th, 2010 at 10:08 pm
Every source I checked says the interest rate was 5-7%, not 15%. And the terms were more like a CD. Still, the last time I saw CDs that high was maybe 15 years ago. What people SHOULD be pissed about is a relatively modest rate of return carrying high risk. Even e-savings accounts are now down to a paltry 1%. Why bother?
Max is right. The new war is speculators vs savers, money movers vs producers.
I just hope Iceland’s President doesn’t pull a 180 and sell out his people.
March 10th, 2010 at 10:57 pm
Icelanders, just say NO. Default is going to be fashionable in this decade, you may as well lead the pack.
March 10th, 2010 at 11:31 pm
Max Keiser FTW! These banksters (bankers+gangsters) are nothing but scum!
March 10th, 2010 at 11:43 pm
UK bankers owned shares in the three largest failed banks in Iceland (Kaupthing, Landsbanki, Glitnir).
The ex. prime minister of Iceland, Geir Haarde, said: “British government brought down Kaupthing unnecessarily by abusing their power”
March 11th, 2010 at 12:28 am
HG proposed, instead to distribute the money value of land, via a special tax on land (excluding improvements) — and use this as the sole source of public revenue: the “single tax. ” All productive activities (labor, entrepreneurship, consumption, trade, etc) are untaxed. The effect is similar to fairly distributing resources and establishing the earth as a “commons” for all. This can all be done via a shift in taxation, and in many jurisdictions much of that work can be done locally.
March 11th, 2010 at 1:13 am
“Why are men looking for jobs? Why are not jobs looking for men?” (Henry George)
The problem is not a shortage of resources (despite what the neo-Malthusian camp keep saying), but equitable distribution — and that is a political problem.
Actually the problems are 1) overconcentration of land/natural resources and 2) overconcentration of political power. The two are mutually reinforcing, but actually 2) flows from 1).
I think Henry George nailed the solution.
March 11th, 2010 at 1:47 am
Engaging in a racket is called racketeering, so yeah, its racketeering. .
March 11th, 2010 at 1:54 am
nonesense the UK Bankers succesfully robbed their own populations – look at northern rock
March 11th, 2010 at 1:55 am
This is an outrage how many people are now going to pulled aside at airports and given the third degree for having skid marks in there underpants.
March 11th, 2010 at 2:32 am
Once the banks go bust and your citizens lose their savings all the government officials (which are in bed with the capitalist oligarchy) have to do is to start yelling and screaming in public how they are concerned about savings of their citizens in Iceland.
But in reality they participated in the crime in the first place! G. Brown and his criminal gang in UK government are not stupid and they know that a country of 300. 000 people, leveraged 10:1, cannot return huge investments.
March 11th, 2010 at 2:51 am
Iceland is just a tool for the capitalist oligarchy in UK, Netherlands and EU to rob their OWN population!
You cannot rob your own population in your own country very easily. Therefore you make incentives to encourage your own population to make very risky investments in banks in a small country which cannot even in theory return those huge risky investments. Iceland is leveraged 10:1 comparing to its GDP!!
March 11th, 2010 at 3:29 am
I forecast massive growth for 2010. . . . . . . . . . . . . . . . . . . .
growth in smoke shops prostitution & opium/meth dens.
if you have them all-in-one trailer park you can call it a mexican mini-mall. !!! lol
March 11th, 2010 at 3:52 am
The financial criminals will have a hard time with Iceland because the small population is very well organized. Once the masses in the US realize they cant afford Mc Donalds anymore, heads will roll. I just hope that this situation is going to be a wakeup call for all the nations. Im not an economist, but in my opinion there should not be economic problems unless comet hits the planet. People want to work, there is enough resources, where is the problem?
March 11th, 2010 at 3:55 am
FInancial support. Ireland did quite well out of it for a while. Do you know the situation now ?
March 11th, 2010 at 4:50 am
you would think there would be some reproach through the legal system. Mind you Jo Cassano of AIG Financial Products division is living in a $US 1M London Mayfayre apartment after bring down the US domestic economy with so called derivative products
March 11th, 2010 at 5:09 am
I LOVE RUSSIA TODAY!!!!!!!
Keep up the Great work RT !!!
Russia Today is real Journalism! Thank you RT! Keep telling the truth and you will develop a Huge following
March 11th, 2010 at 5:41 am
Unemployment solution – more wars and the military is hiring!
March 11th, 2010 at 6:12 am
I want to see Pamela Lee Anderson go through a body scanner with her big boobs