Karma is a bitch. Just ask Glenn Hubbard.
Category Archives: economy
Keiser Report: Battle of Wall Street (E382)
Published on Dec 20, 2012
In this episode, Max Keiser and Stacy Herbert look at the shootout at the OK Bond Corral as sovereigns battle Wall Street — which in turn battles state pension funds — for the same piece of infinitely re-hypothecated garbage collateral. In the second half, Max Keiser talks to hedge fund manager and ‘Planet Ponzi’ author Mitch Feierstein about the bond market, central bank-induced deflation and the London property market.
Chart Of The Day: The Death Of America’s Middle Class | ZeroHedge
There is one chart that everyone should see that is part of Reuters’ must read special series: The Unequal State of America: Redistributing Up – it is the chart we have said over the past 4 years is the only one that matters for America – that showing the flattening of America’s wealth distributon Gaussian curve, aka the plunder and accelerating destruction of America’s middle class, at the expense of the poorest and the wealthiest. This is nothing but the inevitable outcome of a co-opted, conflicted and controlled marionette government, which does the bidding of the wealthiest lobby powers (read corporate shareholders and Wall Street), partitioning the bulk of the wealth to the richest, while sending the scraps to the poorest in order to keep itself in power due to the power of the ever poorer, democratic majority. Alas, since there is never a free lunch, and since the Fed does not create wealth but through its currency debasement merely accelerates the transfer of wealth, someone ends up footing the bill? Who? None other than that part of the US population which made the United States of America the greatest country in the world, and is now watching it implode first slowly, then fast.
The chart in question:
Continued:
via Chart Of The Day: The Death Of America’s Middle Class | ZeroHedge.
Ben Bernanke throws the dollar over the Currency Cliff – Peter Schiff
Published on Dec 12, 2012
And in the process lets Alan Greenspan off the hook — as he is now officially the worst Fed Chairman ever!
Keiser Report: Monetized Genocide (E381)
Published on Dec 18, 2012
In this episode, Max Keiser and Stacy Herbert look at central banking monkeys performing cannonballs into the global dark pools, the backlash against quantitative easing and the Queen ticking orf the Bank of England. In the second half, Max Keiser talks to economist Sandeep Jaitly of FeketeResearch.com about silver backwardation and a monetary path that will throw us *all* into such poverty that none of us will be able satisfy our ends.
Financial Planning In Uncertain Times | The Diane Rehm Show from WAMU and NPR
In recent years, it has become increasingly difficult for Americans to plan for their financial future. The decline of pensions, collapse in home prices and a volatile stock market have created a precarious economy. And this uncertainty has increased demand for financial planners who can make sense of it all. But advice to save more and spend less, and maximize individual retirement accounts has failed to take hold. Three-quarters of Americans have saved just $25,000 for retirement. And nearly half of us now live paycheck-to-paycheck, making it more difficult to save. Diane and a panel of experts discuss planning for your financial future in uncertain times.GuestsKnight Kiplinger editor and chief of the “Kiplinger Letter” and “Kiplingers Personal Finance Magazine.”Tim Maurer certified financial planner at Financial Consulate and co-author of “The Ultimate Financial Plan: Balancing Your Money and Life.”Helaine Olen journalist and author of “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry.”
via Financial Planning In Uncertain Times | The Diane Rehm Show from WAMU and NPR.
Keiser Report: High Frequency Scalping (E380) – YouTube
Published on Dec 15, 2012
In this episode, Max Keiser and Stacy Herbert look at central banking meth heads and low level broker-dealer-thieves drinking the hand sanitizer that is the high frequency scalping of the last dregs of equity left in the markets. They also ask whether the US has it in for British banks. In the second half, Max Keiser talks to Peter Antonioni, author of the Economics for Dummies, about the policy of quantitative easing as economic homeopathy – it only works on the grounds that you believe it works and about the UK monetizing its debt after transferring QE ‘surpluses’ from the Bank of England to the Treasury.
Outrageous HSBC Settlement Proves the Drug War is a Joke | Matt Taibbi
If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.
Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordinary person who’s ever had his life altered by a narcotics charge. Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a “record” financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank.
Continued:
via Outrageous HSBC Settlement Proves the Drug War is a Joke | | Rolling Stone.
QE 4: Folks, This Ain’t Normal – What You Need To Know About The Fed’s Latest Move | ZeroHedge
Submitted by Chris Martenson of Peak Prosperity
QE 4: Folks, This Ain’t Normal
What you need to know about the Fed’s latest move
via QE 4: Folks, This Ain’t Normal – What You Need To Know About The Fed’s Latest Move | ZeroHedge.
Keiser Report: Whammies of Wall St. Witches (E378) – YouTube
Published on Dec 11, 2012
In this episode, Max Keiser and Stacy Herbert look at the latest BIS warning of a global credit bubble caused by zero percent interest rate policies meant to appease the angry hidden people in the shadow banking system. In the second half, Max Keiser talks to David Smith of GenevaBusinessInsider.blogspot.com about the Swiss currency peg, the global game of honesty limbo in the financial sector and hoping that midnight never comes for Alice in Switzer-land.
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