Episode 281

April 28, 2012 05:30
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­In this episode, Max Keiser and co-host, Stacy Herbert discuss how shouting ‘fire!’ in a crowded economy may be the only thing left to save us from our unpayable debts and, failing that, Barack Obama’s ‘revolving door’ could be another GDP booster. In the second half of the show Max talks to David Graeber, author of Debt: The First 5000 Years, about weaponized debt and the origins of May Day.

Comments (51)

Tania (unregistered) 20.05.2012 11:36

Discovered 1930s Notes and BondsJuly 2005 The Federal Reserve is aware of several scams iniolvvng high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.Fraudsters often falsely claim that the purported Federal Reserve notes or bonds that they hold are somehow very special and are not known to the public because they are so secret. Fraudsters have attempted to sell these worthless instruments, or to redeem or exchange them at banks and other financial institutions, or to secure loans or obtain lines of credit using the fictitious instruments as collateral. The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934, through January 9, 1935, and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

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Roger Redderer 09.05.2012 20:15

Love the 'cattle prod' economy, cheers me up everytime. What about the boiling acid economy? The grave digging economy? The guillotine economy? The concentration camp economy?
WAKE UP WORLD, DISSENT BECKONS YOUR CONTRIBUTION. SAVE YOURSELVES AND YOUR CHILDREN, YOUR CHILDRENS CHILDREN AND THEIR CHILDRENS CHILDRENS CHILDREN CHILDREN.
Viva humanity! Viva freedom and prosperity! Heil Max Keiser and Stacy Herbert! Long live the KR!

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Twinkletoes 03.05.2012 12:29

Vin has got the wrong end of the stick. The present financial climate is deterring ANYONE from taking out ANY kind of loan, because when the financial collapse comes, as it will, ANYTHING by way of indebtedness, which authorities hold over your head, can, and will, be used against you. It simply makes you into a helpless, dependent debtor, and that much easier to take control of. The DETAILS of paying back your student loan or mortgage are not relevant. The plan is to bankrupt everybody, move all people out of private property and take over EVERY aspect of EVERYONE'S lives. This is the "gulag" Max keeps talking about. It hasn't happened yet, but unless we do something, it marches ever nearer.

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