Interview with Max Keiser on 8/20/10. Yeah, that voice is not sexy but chances are he’s right in a big way. Better safe than sorry.
http://www.youtube.com/watch?v=h2D2y1ye6kc&feature=player_embedded#!
http://www.youtube.com/watch?v=mlX88WZrPt4&feature=player_embedded
http://www.youtube.com/watch?v=pnTETzeEm6E&feature=player_embedded
Full story here from ZeroHedge. Random entertainment found here.
A Major Inflection Point is Upon Us
I have not commented on the financial markets in a detailed way for quite some time now. This is not because I do not have strong opinions on them, rather it is because I see the current ongoing crisis as just [...]
Full story here.
…Additionally it appears that we now have “financial reform” via the “Dodd-Frank” bill. I personally do not think this accomplishes anything for the economy – it consolidates power in the wrong hands while failing to address current debt levels, derivatives, and the GSEs. The market does not appear to know how to digest [...]
Full story here from Webster Tarpley.
The Obama-Dodd-Frank financial regulation bill, a miserable excuse for real Wall Street reform, is now about to gain final approval in the Senate. This wretched bill is now supported by the New England liberal (meaning Wall Street) Republican clique including Olympia Snow, Susan Collins, and Scott Brown, who are joined [...]
Full story here from ZeroHedge.
Sometimes, when chasing the bouncing ball of fraud and corruption on a daily basis, it is easy to lose sight of the forest for the millions of trees (all of which have a 150% LTV fourth-lien on them, underwritten by Goldman Sachs, which is short the shrubbery tranche). [...]
Full story here from Business Insider. Once again, threats to blow up the market unless bankers get another 100 truckloads of cash. Of course, the Patty Hearst president will be pointing an AK-47 at thee and me. Long live the Bankster Revolution!
In the process of slamming Scott Brown, Rep. Paul Kanjorski (D-PA) just issued that [...]
Full story here from Clusterfuck Nation (no, I’m not kidding). Bad words and finance just go together. Bonus word for the day: Anosognosia: Social anosognosia is when a group of people, perhaps even society at large, devolve into a state of destructive cluelessness.
I think America missed something. It must be the time of year, what with [...]
Full story here.
By Dylan Ratigan
They Keep Stealing – Why Keep Paying?
The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the “people.” Between the multiple overt and secretive bailouts, the massive bonuses and the circular use [...]
Full story here from ZeroHedge. Need a break from harsh reality, click here.
Geological anomalies are like opinions: Everybody has one
There’s a great deal of chatter in the press and online about the tremendous US$1-trillion-dollar mineral “discovery” in Afghanistan headlined by The New York Times recently. Most of the discussion seems to centre on whether or [...]
Full story here from Exiled Online.
Wall Street bankers and retired hedge fund billionaires have been talking about fiscal responsibility and deficit reduction, preparing the masses for austerity measures and cuts in social services—which we are told are regrettable, of course, but necessary nonetheless. Well, here is the perfect welfare program for [...]