“This time Max Keiser and co-host, Stacy Herbert, discuss intergenerational debt for IMF poster children; radical plans for EU banks; and an artist’s incendiary painting as bank statement. In the second half of the show Max talks to Isa Blumi about the role of micro-finance and oil traders in unrest in Yemen.”
KR on FB: www.facebook.com/KeiserReport
From RT – “On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in again with more quantitative easing, but is this really the solution to the US’ economic problems? Peter Schiff, president at Euro Pacific Capital, will help answer some questions.”
“This week Max Keiser and co-host, Stacy Herbert, discuss Anonymous joining #occupywallstreet while President Obama does dirty banker deal. In the second half of the show Max talks to fund manager, Dan Collins, about how the Chinese ‘redback’ may displace the ever devaluing American ‘greenback’ in world trade.”
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August 24, 2011
by Bob Chapman, International Forecaster
The meaning of the social security and medicare cuts, the continuing influence of the Council on foreign Relations, no real Consumer Price Index to go by, Euro zone not fully aware of the problem they have, a massive exposure for them, extended and unpayable debt,
We do not believe that Americans, particularly elderly Americans, understand what the elitists are up to in regard to Social Security and Medicare. The Council on Foreign Relations and the Peterson Foundation has for years been working on plans to terminate Social Security and Medicare. Cuts in these paid for programs were impossible to get through Congress. Thus, the ruse was born of getting around Congress. A flash issue was raised regarding a short-term debt extension that could have been passed in 15 minutes that demanded budget cuts for passage. In that process the Obama Enabling Act was formulated, patterned on the German Enabling Act passed in 1933 by Adolph Hitler. It allows a 12-person panel to bypass Congress regarding legislation. The changes are made in this committee and cannot be debated or amended and must be voted on via a straight up and down majority vote. While this was transpiring, as part of the plot, Standard and Poor’s downgraded the US debt rating based upon there not being large enough cuts in what Congress likes to call entitlements, which are not entitlements, but paid for benefits. The reason for the cuts is that both benefits trusts are broke, all the funds having been spent on other things over the years. S&P said that if major cuts are not made that they would cut the US debt rating again in November. Thus, you can understand the framework and what the elitists have paid the committee and Congress to do. The committee takes all the heat upon passage and Congress generally gets off the hook. [Read more…]
August 23, 2011
by David DeGraw, AmpedStatus
What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.
I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release. Even if WikiLeaks reveals documents from inside a large American bank, as huge as that could be, it will most likely pale in comparison to what we just found out from the one-time peek we got into the inner-workings of the Federal Reserve. This is the Wall Street equivalent of the Pentagon Papers.
I’ve written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered. But we must not let our cynicism cloud our vision on the details within this new information. [Read more…]
In case you missed Taibbi’s report, here it is Is the SEC Covering Up Wall Street Crimes?
A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals.
More interviews available at DemocracyNow!
Part 2/2
Following Friday night’s credit rating announcement by S & P Chairman John Chambers, the T-Room will be capturing and posting hotlinks throughout the day to capture the market’s reaction.
Some in the industry have termed today as “Bloody Monday” which by all accounts appears appropriate given the headlines already appearing and it’s only 10:06 am.
To give you a bit more context as to what is happening and how Congress seems to be benefitting personally from all of this, we kick off this post with a “Government Gone Wild” video highlighting those congress critters, who are now on the “List” and the millions they are making to enrich themselves by betting on your losses – [Read more…]
Today, Max Keiser and co-host, Stacy Herbert, report from New York City. They discuss the exorbitant privilege America is about to lose. They look at football players with AAA credit ratings and at Apple’s cash stockpile bigger than Americas” –
KR on Facebook – http://www.facebook.com/KeiserReport
DemocracyNow! – “…The deal includes no new tax revenue from wealthy Americans, provides no additional stimulus for the lagging economy, and will cut more than $2.1 trillion in government spending over 10 years, while extending the borrowing authority of the Treasury Department. The debt deal was a victory of sorts for the Pentagon. Rather than cutting $400 billion in defense spending through 2023, as President Barack Obama had proposed in April, it trims just $350 billion through 2024, effectively giving the Pentagon $50 billion more than it had been expecting over the next decade. We speak with William Hartung, director of the Arms and Security Project at the Center for International Policy, and Michael Hudson, professor of economics at the University of Missouri, Kansas City.”
Msnbc notes:
Many Americans believe that the 2008-2009 downturn never ended.
***
The U.S. has entered a second recession. [Note: That this would happen has been obvious to anyone paying attention. See this and this.] It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.
(Indeed, more Americans believe the U.S. is in a depression than believe that the economy is growing). [Read more…]
July 29, 2011
By Paul Craig Roberts
With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised. Instead, the Republicans started a fire and then threw gasoline on it, creating an inferno that could burn up the US social safety net or the US Treasury’s credit rating and the US dollar’s role as reserve currency or what remains of the separation of powers.
Consequently, world financial markets, currency markets, commodity markets, central banks, and mutual fund money market and bond funds are on pins and needles.
This level of irresponsibility is seldom seen even from American politicians. [Read more…]
Buy this film and distribute it widely…remember, it take’s $$$ to produce these films and any donation would be welcomed…visit http://www.theamericandreamfilm.com
h/t YouTube Channel NotforSale2NWO ~ Awesome channel for those who want to step outside the disinformation matrix and are seeking reliable alt news channels.
“Jeff Madrick author of Age Of Greed, the Triumph of Finance and the Decline of America, 1970 to present discusses the roots of the current crisis.”
httpv://www.youtube.com/watch?v=tnQkRUFmUAg
Part 2/2
httpv://www.youtube.com/watch?v=tXJxLHFn2c4
Order “Age of Greed” by Jeff Madrick by clicking HERE
June 22, 2011
By Rep. Ron Paul – The Washington Times
Among the facts that the Federal Reserve would rather you didn’t know is that at the height of the financial turmoil in 2008, when average Americans were just beginning to suffer, the institution was passing out sweetheart deals to protect the powerful and well-connected. Among the beneficiaries were foreign banks, Wall Street giants and even the company that then owned MSNBC.
Recently, my House subcommittee on domestic monetary policy held a hearing to examine information disclosed by the Federal Reserve about its bailout lending during the 2008 financial crisis – disclosure that was required by the Dodd-Frank Act and the Freedom of Information Act. [Read more…]
Stacy Herbert and Max Keiser covers economic front throughout the world.
httpv://www.youtube.com/watch?v=ls0IapIGhjg
httpv://www.youtube.com/watch?v=14gfvMevsEE
h/t Zerohedge