Max Keiser: ….they (Goldman Sachs, JP Morgan et al) are systematically undermining the entire system. They are creating a mechanism to carve out equity and capital for themselves at the expense of society at large.

So in the United States, unemployment is skyrocketing. The uninsured is skyrocketing. The social fabric is coming unglued. You have riots all over the world…in Iceland and other countries due to this financial terrorism that was pre-meditated, on purpose and should be addressed as such.

There is a double standard. Why is the US pursuing so-called terrorists in nations like Afghanistan when they let these guys roam free on Wall Street? They’re the worst criminals of all – they do far more damage.

Interviewer: Let’s leave Afghanistan out of this…

Max Keiser: But why? It’s a great source of poppy and heroin which fuels a lot of these bankers bonuses. Let’s be frank about that.

18 Comments

  1. Crac:

    Can you tell me where to find info. on China’s intentions in regard to making its currency convertible?

    Thanks.

    Byron

  2. So a funny thing happened on Sunday.

    1. I was reading Jim Willie’s last article “China: Partner, Adversary, Rebel.” http://news.goldseek.com/GoldenJackass/1238169622.php . His explanation for the US dollar rise during late 2008 (when reasonable people expected it to fall with US financial chaos) was a massive buying spree of US-T bills by Caribbean bank centers, “from $117 billion in July 2008 to a hefty $204 billion in October 2008.” China and Russia (apparently) is also very very angry with the US. Willie also says in his article on Davos that the major powers can’t agree on ANYTHING right now.

    2.I went to my paperback of Gold Warriors and looked in the index for “Citibank.” 10-page section on the bank (p.222-232). pp226-7 says:”The solution was simple. Citibank would move all Santy’s assets offshore, from Citibank New York to Cititrust in the Bahamas. This would have the effect of putting the bullion outside the jurisdiction of New York courts, blocking any lawsuits contemplated by heirs.” Huh? Wonder if that has anything do with #1.

    3. I read a Gary North article mentioning Soros saying commercial real estate to fall 30% in the US, but PRICE INFLATION otherwise.

    4. I read GEAB’s 2009 March 16 article making me now believe that the “euro will implode” meme the last few months is mostly disinformation. http://www.leap2020.eu/GEAB-N-33-is-available!-Growing-Transatlantic-tensions-on-the-eve-of-the-G20-summit-An-illustration-of-Wall-Street-s-and_a2940.html
    . GEAB also says that the major powers can’t agree on ANYTHING right now.

    5. I wanted to know if China was really angry or if their public diplomatic position of hating the US dollar was just for domestic consumption. Did some searching for “yuan” and “reserve currency.” I found that China began EXPERIMENTING in DECEMBER 2008 with neighboring nations on making the yuan fully convertible. [holy **expletive**] But no details. [For those that don’t know, China’s currency is not fully convertible on world markets which allows the nation to control capital flows and prevent attacks on their currency by speculators (like Soros)…but this also prevents the currency from being used as a reserve currency like the US dollar or euro.]

    …
    If China REALLY is angry with the current situation, they will throw off the whole “exporting nation to get richer” idea and focus on domestic production AND consumption. My guess is that a fully convertible yuan would appreciate from the current dollar peg A LOT. With Russia agreeing to barter on their side, they would need one more major power’s cooperation (Japan?) to become a regional Asian hegemon. And this would mean that all US imports from China would probably double in price (my guess)…which explains the whole rapid US inflation idea I couldn’t rap my head around before).

    Oh boy.

  3. “Why is the US pursuing so-called terrorists in nations like Afghanistan when they let these guys roam free on Wall Street?”

    Sibel Edmonds and Valerie Plame exposed the link between the World Bank, Turkey, and Afghanistan. In today’s Doonesbury, he reveals more of the story. The poor Afghani get nothing. The warlords get a little. The Russian-Israeli Mafiya in Turkey get a lot, and so does the World Bank. It ain’t all that hard to figure out.

  5. Max Keiser just blows me over with his in-your-face candid responses which stun the consensus sleep walking majority. I just laughed and laughed as he spoke truth to people and power. When I showed his previous work from Al Jazerra to my fund mangers I teach about issuing a fatwa against Hank Paulson – they just laughed so hard… because he was saying things no one else dared say. And here, decapitation! Just totally rightously funny and that’s what we need when dealing with such a grave problem. In my book he’s up there with Stephen Colbert… Enough said.

  6. Richard:

    I have not seen any results. If there are any reports you can point to, particularly transcripts, delighted to take a look.

    The strongest possibility for enforcement action is state and local legislators and district attorneys willing to act against federal encroachment.

    Check out the Feds vs. States blog post,

    Catherine

  7. Dear Catherine: As a side thought: Are you aware of any results from the March 23-24 Meeting/Seminar/Workshop held in Washington DC and organized by the WSJ and George Soros?? Mr Robert Pickle CEO of the International Swaps and Derivatives Association among a number of “dignitaries” attended as an honored guest/speaker…Otherwise, between Max’s constant ranting about the ‘FINANCIAL TERRORISTS” and your correctly naming this a “financial coup d’etat”; besides decentralizing is there a law enforcement organization that can be called upon to bring civity to our forelorn country…and bring indictments as with Bugliosi’s idea that the Bush Cabal can be indicted by state or local DA’s??? Clearly Gov. Cuomo is not the “Sheriff of Wall Sreet” as you so clearly illustrate his prior work during his HUD/FHA days as written about in your website was less than pristine..Well keep up that pleasant effort onward, Richard

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