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Episode 365

November 10, 2012 07:30
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­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, and how ‘invincibility’ tattoos fail to protect from the guns and knives of real-world financial weapons. In the second half, Max 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 provide a great testing ground for new currencies.

Comments (14)

Flick (unregistered) 12.11.2012 22:17

Pin-ball indeed on an international scale all the way down to your local branch. For some odd reason my gallery (I'm an artist) decided to go with an online banking service with BOA. I deposited one of these BOA printed checks in my local bank on the 5th, check postdated for the 6th. On the 7th BOA contacted the gallery saying due to a "technical" error funds were temporarily unavailable, all fixed now - all my bank had to do was re-post it immediately. I woke up on the 8th to a negative balance. I called my branch manager who assured me they'd re-post  the check. I was told it would go through the Internal Processing Dept., a back office that did not speak to customers. I called the main bank and asked them to talk to this dept., they said they couldn't talk to them directly. I asked what the clearing time frame was since BOA claimed funds were available. They claimed initially to have tried to post the check 3 times, later redacting that claim to 2 times when I asked for specific times, and that the final time the check went into a 7 day holding period. I insisted for the times they had done this - they had done it automatically 2 times within minutes of it bouncing - in other words they took full advantage of the opportunity to seal off any venue to fix the problem. I call the gallery - they'd cancel the check and wire the funds they owed me into my account. So after losing a work day the problem appeared solved - but no - on the 9th the "bad" BOA check clears with my bank, sort of… even though the check has cleared with funds I now owe back to the gallery, the cleared funds are still under a 7 day hold. Back to the main number and the branch all day long with all enquiries resulting in responses beginning with, "Unfortunately…" End result - I was charged with a $15 penalty for depositing a "bad" check, the gallery has paid me twice for one painting sale and I can't pay them back until the end of the next week. I pay for BOA's screw-up, lost 2 days work, and my bank did nothing to rectify the situation. Pinball.

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Sir Jimmy Savile (unregistered) 12.11.2012 18:19

Sometimes I feel a little sympathy for the Vatican and their German Fourth Reich European Union and their incredibly profitable and powerful BBC global thought police. How do you think I escaped detection and got my Papal Knighthood and nothing was discovered about me until Mark Thompson was gone?  Did you see the BBC or Parliament questioning Thompson or Patten? Surely they should have been answering the questions Entwhistle was fielding for his million quid pay off?
They have spent years ignoring public opinion and shipping in trillions of immigrants and expanding and corrupting their beloved European Union territories for the Holy Father and George Soros, and they were always guaranteed the complete support and obedience of Westminster anyway, because if ever the BBC did lift the lid on that can of worms the fall out would be just as terminal regarding (already non-existent) public "trust" as it would be if  a bit of real journalism was devoted to the subject of how billions of pounds are spent when they pass to the BBC every year!
Compare the treatment of Mc Shane and Eric Illesly and ask yourself why Newsnight will not be investigating that or Baroness Uddin or keeping up with impoverished Lady Porter or visiting Blair`s JP Morgan  lair in NYC to have a chat with him and his  Catholic buddy Mark Thompson ?
What maintains the "confidence of the public" in the British Establishment is simple ignorance of what goes on behind closed doors.
It`s a house of cards built on a pile of manure enveloped  in  thick smoke and surrounded by broken mirrors! There is NO Fourth Estate and the BBC is not a public service but an enormous bureaucracy with not the slightest respect or loyalty to the public they are far too arrogant to serve. 
I wonder why I wasn`t made a proper "Sir" by the Queen ,and who arranged my sainthood from the Pope?  That`s a subject for Paxo....I don`t think!   LOL!
CLOSE IT DOWN AND SET YOURSELVES FREE!

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Gordon Goldfinger Brown (unregistered) 12.11.2012 15:06

Chris Patten is having a laugh! After Plebgate and the Rwandan aid scandal you would imagine they would keep their Papal connections to themselves and take a leaf out of our book by swearing allegiance to Likud Israel and the EU!?We don`t pander to Popes and Saudis and anyone with cash, like the other parties.  We are the party of principle and interest and foreign working people !  See the fascinating article.."Labour Shuns Roman Catholic Advisers"  in "Cranmer`s Blog on Monday January 11th 2010, for more details about our abhorrence for religious interference in politics.

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