Category Archives: economy

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Keiser Report: Boom & Bust Vicious Cycle (E346) – YouTube

 

In this episode, Max Keiser and Stacy Herbert discuss punk rock ‘Tall Paul’ giving the two finger salute to Ben Bernanke’s QE3 and gold adjusting for zero growth, yield, velocity and confidence. In the second half of the show, Max Keiser talks to Detlev Schlichter of PaperMoneyCollapse.com about quantitative easing to infinity, Central Banking ‘devils’ and the future for the gold standard.

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2,053 Nuclear Explosions in One Video – Mental Floss

Artist Isao Hashimoto created an animation showing every nuclear test between 1945 (the first Manhattan Project test, called Trinity) and 1998 (a test in Pakistan). The total number? 2,053, according to the Stockholm International Peace Research Institute. Note that this number doesn’t include the rumored North Korean tests in 2006 and 2009. While the video starts slowly, by the late 1950s things are getting intense. Testing peaks in 1962, when over a hundred blasts are shown. You can follow the running tally at the top of the screen to see who’s testing, when, and where. After twelve minutes, the video goes silent and runs through the tests by country of origin, so you can see who’s blowing up what, where.Hashimoto said (emphasis added): “This piece of work is a bird’s eye view of the history by scaling down a month length of time into one second. No letter is used for equal messaging to all viewers without language barrier. The blinking light, sound and the numbers on the world map show when, where and how many experiments each country have conducted. I created this work for the means of an interface to the people who are yet to know of the extremely grave, but present problem of the world.“

via 2,053 Nuclear Explosions in One Video – Mental Floss.

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Austerity? What Austerity? – YouTube

We are told that austerity in Europe has failed. The elections in France and Greece, for instance, are supposedly evidence of people’s opposition to severe cuts in spending. However, the growing anti-austerity backlash against Europe ignores one fundamental point: If there is austerity in Europe, in most cases it hasn’t taken the form of massive spending cuts.


Following years of large spending expansion, Spain, the United Kingdom, France, and Greece—countries widely cited for adopting austerity measures—haven’t significantly reduced spending since “austerity” supposedly started in 2008.

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Keiser Report: Defraudsters (E347) – YouTube

Keiser Report: Defraudsters (E347) – YouTube.

In this episode, Max Keiser and Stacy Herbert discuss the audacious finance oligarchies and high speed stock manipulators OOPSING again by front running clients (oops!) and manipulating market prices (oops!). And, once again, the US regulators have just ‘aw shucks’ fined them a small portion of their ill-gotten gains. In the second half of the show, Max Keiser talks to Will Carless of VoiceOfSanDiego.com about the billion dollar cost of repaying back a $105 million dollar loan to Poway School District in San Diego.

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1 million Ohioans using free phone program | www.daytondailynews.com

1 million Ohioans using free phone program | www.daytondailynews.com.

By Josh Sweigart

Staff Writer

A program that provides subsidized phone service to low-income individuals has nearly doubled in size in Ohio in the past year — now covering more than a million people. At the same time, federal officials say they’re reining in waste, fraud and abuse in the program.

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Drunk broker boosted oil prices for eight months in 2009 | The Daily Caller

While most people would agree with the sage advice not to drink and drive, the same could generally be said for mixing drinking with just about any activity. Former senior broker at PVM Oil Futures Steve Perkins learned this the hard way.

via Drunk broker boosted oil prices for eight months in 2009 | The Daily Caller.

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A simple strategy to gain some peace of mind, and at least feel like you are sticking it to the banks. | ZeroHedge

A simple strategy to gain some peace of mind, and at least feel like you are sticking it to the banks. | ZeroHedge.

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Catherine Austin Fitts The Looting Of America – YouTube

Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90′s and how she was personally targeted for exposing the fraud.

Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago — around $12 trillion — has been doubled again in just the last 18 months alone with the bank bailouts. “We’re literally witnessing the leveraged buyout of a country and that’s why I call it a financial coup d’état, and that’s what the bailout is for,” states Fitts.

Massive amounts of financial capital have been sucked out the United States and moved abroad, explains Fitts, ensuring that corporations have become more powerful than governments, changing the very structure of governance on the planet and ensuring we are ruled by private corporations. Pension and social security funds have also been stolen and moved offshore, leading to the end of fiscal responsibility and sovereignty as we know it.

Fitts explained how when she was in government she tried to encourage the creation of small businesses, new jobs and new skills to compete in a globalized world otherwise the American middle class was toast, only to be forced out by the feds using dirty tricks. The elite instead wanted Americans to take on more credit card, mortgage and auto debt that corporations and insurers knew they couldn’t afford, while quietly moving their jobs abroad in the meantime.

Catherine Austin Fitts: http://en.wikipedia.org/wiki/Catherine_Austin_Fitts

http://solari.com | http://www.infowars.com

Catherine Austin Fitts The Looting Of America – YouTube.

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Jonathan Trent: Energy from floating algae pods – YouTube

Jonathan Trent: Energy from floating algae pods – YouTube.

Call it “fuel without fossils”: Jonathan Trent is working on a plan to grow new biofuel by farming micro-algae in floating offshore pods that eat wastewater from cities. Hear his team’s bold vision for Project OMEGA (Offshore Membrane Enclosures for Growing Algae) and how it might power the future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Capitalism Without Failure: In 2005 Raghuram Rajan Told Bernanke, Geithner, Summers, and Greenspan that We Were Headed for Economic Crisis

THURSDAY, SEPTEMBER 27, 2012

In 2005 Raghuram Rajan Told Bernanke, Geithner, Summers, and Greenspan that We Were Headed for Economic Crisis

I am re-watching Charles Ferguson’s Inside Job. It is a fantastic movie, but it is so frustrating to see our failed leaders being rewarded for their incompetence, obstructionism, and failure.

In 2005, Raghuram Rajan, who was then Chief Economist at the IMF, delivered a paper to the central bankers of the world. In attendance were Alan Greenspan, Ben Bernanke, Tim Geithner, and Larry Summers.  He concluded that the financial world was becoming riskier. The paper focused on warped incentive structures which created huge short term profits and cash bonuses, but with no penalties for later losses. He argued that this encouraged bankers to take on huge losses that would potentially bankrupt their own firms or even crash the entire financial system.

Summers criticized Rajan and accused Rajan of being a luddite.

So Summers (and Geithner and Greenspan and Bernanke) had terrible judgment. If the story ended there, it would be an unfortunate one. But the story only really becomes tragedy when we see what happened to those failed thinkers following their pathetic intellectual performance; Obama appointed Geithner Treasury Secretary, kept on Ben Bernanke as Fed Chairman, and appointed Summers to be his Chief Economic Advisor.

These people should have been able to see the coming tsunami on their own. After all, they are the most esteemed and highly regarded economic analysts in this country. But in this case, they were actually given a roadmap. The Chief Economist of the IMF stood in front of them and laid out in detail how the warped incentive structures in our political economy were creating a highly unstable and precarious financial sector that could bring the entire system crashing down. And they still did not act. And our system imploded. And they were all promoted.

They failed as badly as individuals can fail. They were then given the reins to this country and asked to fix it – as if they were fit to do so. That is just unforgivable.

I have to say it again: Charles Ferguson is an American hero. Watch this movie.

Jaime Falcon

Capitalism Without Failure: In 2005 Raghuram Rajan Told Bernanke, Geithner, Summers, and Greenspan that We Were Headed for Economic Crisis.