Category Archives: federal reserve

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Keiser Report: Tourettes Traders & Bleeping Bankers (E366) (ft. Teri Buhl) – YouTube

Be sure to listen to the second half…

In this episode, Max Keiser and Stacy Herbert discuss foul mouthed foreigners with banker tourettes in Singapore, while in America, traders at Barclays send each other expletive-filled emails admitting to manipulating energy prices down in order to have their big bets on declining prices pay off. They also discuss financial activists creating a rolling jubillee reverse vulture fund designed to liberate the population from unpayable debts. In the second half, Max Keiser talks to Teri Buhl about the investigation into fraud at Sun Trust Bank where whistleblowers allege the bank mis-sold mortgages to Fannie Mae, the government sponsored enterprise. Max and Teri also talk about recent developments in the case of residential mortgage back securities fraudulently sold to investors by JP Morgan’s Bear Stearns holding and Teri proposes a million man march on the SEC and the NY Fed.

 

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Keiser Report: Wacko Wizard World (E365) – YouTube

In this episode, Max Keiser and Stacy Herbert discuss central bankers and governments from Iceland to Argentina attempting to tilt the global pinball game so that the ball goes in the ‘right’ hole while ‘invincibility’ tattoos fail to protect from the guns and knives of financial weapons in the real world. In the second half, Max Keiser talks to Tuur Demeester of Macrotrends.be about the recent report from the European Central Bank suggesting they are concerned about the new breed of decentralized digital currencies threatening their seignorage rights. They also discuss the financial jungle of Argentina where capital controls and economic chaos prove a great testing ground for new currencies

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Keiser Report: Triple-Dip Recession Nightmare (E364) – YouTube

In this episode, Max Keiser and Stacy Herbert discuss Goldfinger at the New York Fed in Lower Manhattan where Germany’s gold did not dissolve in the Hurricane Sandy floods, but $13 trillion in paper assets did. They also discuss Treasury secretaries and Goldman CEOs as the stuff of nightmares. In the second half, Max Keiser talks to Ned Naylor-Leyland about Germany’s gold, JP Morgan’s shorts and Bart Chilton’s ‘investigation.’

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Will You Make Obama and Congress Produce Change? | The Clyde Fitch Report

Einstein’s credited with defining insanity this way: repeating the same action over and over and expecting a different result.

So here we are. Tuesday’s elections returned Barack Obama to the White House and kept control of the Senate in the Democrats’ hands and the House of Representatives in the Republicans’ grasp, and probably a more divided House.

Of course, we realize we were damned if we did or damned if we didn’t in voting for Obama or Romney: two millionaires married to the military-industrial complex. And the only two candidates the corporate media let you hear in “debates.”

If you’d have heard the Third Party debates on an independent network you’d have discovered four candidates, from conservative to liberal, who didn’t agree with the two Big Guns on these issues: the economy, the Federal Reserve, student-loan debt, endless war, deadly drones killing innocents, and the National Defense Authorization Act—which allows your military to arrest anyone in the world, including Americans, and to imprison them without charge or trial. They also spoke of a growing police state at home, which the two Eye Spy Guys wouldn’t dare mention.

So the votes went to the two One-Percenters, with the less rich one winning again. But enough bitching about election reality. So where do we go from here in our own living reality?

Throughout this year, if you heard any independent investors (not Wall Street banksters) interviewed about the economy, they consistently weren’t impressed or even concerned that much with the presidential race. They’re concerned about the Federal Reserve’s endless printing of money, which they see going to the banks while the Fed keeps interest rates artificially low, costing savers billions.

They also see this and the continually rising national debt eventually leading to a more catastrophic economic meltdown than the nation and world suffered in 2008. They don’t feel it’s something the Republican or Democratic presidential candidates, or Congress, or the Fed are willing to do anything about.

We saw Obama and Romney avoid or twist—from the two national political conventions through the Dynamic Duos’ “debates”—five vital issues they didn’t want to honestly face: water, food, energy, the military-industrial complex, and personal-and-economic health. Those vital issues will remain with us through the next four years, and we’ve included links to explain them. We review them here.

We have pointed out, and will continue to point out, that politicians are not leaders, they’re followers. It’s up to you to get organized, get educated and get active, so that you understand the vital issues’ significance, and so you can get politicians to follow your lead in bringing change. We also show the two ways you can directly take your government back…if you want to.

via Will You Make Obama and Congress Produce Change? | The Clyde Fitch Report.

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Robert Chalmers ~ Max Keiser: ‘Barack Obama Is Clueless. Mitt Romney Will Bankrupt The Country’ | Shift Frequency

http://www.independent.co.uk/news/world/americas/max-keiser-barack-obama-is-clueless-mitt-romney-will-bankrupt-the-country-8269633.html?printService=print

Thanks, Gillian.

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The Real Libor Scandal by Paul Craig Robert & Nomi Prins – Thoughts – Nomi Prins

(Note: I was deeply honored to have been asked to be a co-author on this piece by Paul Craig Roberts)

According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also strikes us as simplistic and as a diversion from the deeper, darker scandal.

Banks are not the only beneficiaries of lower Libor rates. Debtors (and investors) whose floating or variable rate loans are pegged in some way to Libor also benefit. One could argue that by fixing the rate low, the banks were cheating themselves out of interest income, because the effect of the low Libor rate is to lower the interest rate on customer loans, such as variable rate mortgages that banks possess in their portfolios. But the banks did not fix the Libor rate with their customers in mind. Instead, the fixed Libor rate enabled them to improve their balance sheets, as well as help to perpetuate the regime of low interest rates. The last thing the banks want is a rise in interest rates that would drive down the values of their holdings and reveal large losses masked by rigged interest rates.

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via The Real Libor Scandal by Paul Craig Robert & Nomi Prins – Thoughts – Nomi Prins.

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Before the Election was Over, Wall Street won – Nomi Prins

Before the campaign contributors lavished billions of dollars on their favorite candidate; and long after they toast their winner or drink to forget their loser, Wall Street was already primed to continue its reign over the economy.

For, after three debates (well, four), when it comes to banking, finance, and the ongoing subsidization of Wall Street, both presidential candidates and their parties’ attitudes toward the banking sector is similar  – i.e. it must be preserved – as is – at all costs, rhetoric to the contrary, aside.

Obama hasn’t brought ‘sweeping reform’ upon the Establishment Banks, nor does Romney need to exude deregulatory babble, because nothing structurally substantive has been done to harness the biggest banks of the financial sector, enabled, as they are, by entities from the SEC to the Fed to the Treasury Department to the White House.

In addition, though much is made of each candidates’ tax plans, and the related math that doesn’t add up (for both presidential candidates), the bottom line is, Obama hasn’t explained exactly WHY there’s $5 trillion more in debt during his presidency, nor has Romney explained HOW to get a $5 trillion savings.

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Thoughts – Nomi Prins.

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GE Christenson ~ We Have Been Warned! – Part 3 | Shift Frequency

Bernanke announced on September 13, 2012 a massive “money printing” program – QE3 – that will increase the money supply, help the large banks, create more commodity price inflation, and lower the standard of living of most of the middle class in the United States. Read what other authors had to say about QE3: We Have Been Warned! – Part 2

GE Christenson ~ We Have Been Warned! – Part 3 | Shift Frequency.