American lawmakers have colluded with Wall Street executives to build an economy that no longer works in the best interest of, or even needs, the majority of the American public, according to RT financial host Max Keiser.
RT:There’s a lot of hype and some would say
overreaction around all of this but the tell-tale sign is the
markets. They haven’t reacted negatively. Is there really a
crisis here?
Max Keiser: I think we should take the words of Warren
Buffet to heart. He basically described the Federal Reserve Bank
and the American economy as one giant hedge fund. And he is
absolutely correct. The way that Wall Street, Washington, and
these large funds approach America is as a trade that is backed
by $120,000 or $130,000 of debt and that debt gets traded around
every day. And the whole initiative here is to buy hedge funds
and try to squeak out profits, and they don’t really care who
they hurt in the process. Remember America is run by what I call
financial jihadists who are basically suicide bankers. Warren
Buffett, of course, is one of these suicide bankers and America,
from the outside of course, looks like they’re trying to commit
financial suicide. But that’s what a financial jihadist does, or
a suicide banker. They blow themselves up for their cause and in
this case it’s market fundamentalism, a belief in the profit -
not the prophet.
RT:But other tell-tale signs of the economy improving
are there, Max. Are we to believe the economic indicators which
suggest the US economy is on the up?
MK: Well, you look at a deal recently between Carl Icahn
and Apple computers. It’s the story of two different economies
because most Americans deal day-to-day, hand-to-mouth,
paycheck-to-paycheck. Then you have the other economy which is
the Wall Street economy, the financial jihadist economy. Carl
Icahn can tweet about getting Apple to buy back $150 billion of
their own stock, which of course is financed with zero percent
interest rates and if they make a mistake they get bailed out
just like long-term capital management was bailed out. Remember
that in the late 1990s, early 2000s, long-term capital management
ran into trouble. Alan Greenspan – the Fed chairman at the time –
bailed them out. He lowered interest rates to bail out a hedge
fund. What will happen here – this is the outcome, there’s two
outcomes – either the Federal Reserve Bank will increase their
monthly buyback of bonds from $85 billion a month to $120 or $130
billion a month, or America defaults on its sovereign debt like
it did in 1971 when it closed the gold window. Those are the two
outcomes. So what we see here is jockeying between these two
powerful sources in Washington, Congress, and the Senate. By the
way - they all own stocks. Insider trading is legal. They’re all
trading this information, they’re on their little phones and
they’re trading stocks up and down and making money at the
expense of the American people because they are financial
terrorists as well. Financial terrorists have captured the
American economy. I mean that’s plain and simple. Warren Buffet
hit the nail on the head - America is just one giant hedge fund.
RT:But they will raise the debt ceiling won’t they? Or
will they not, because Obama is clearly worried about that?
They’re arguing about Obama’s health care. What’s going to happen
with that crisis?
MK: The smart money would be short stock market right now
and then when they raise the debt ceiling and print $120 billion
to $130 billion a month in brand new quantitative easing there’ll
be another huge rally. That’s the insider’s scoop; I’m telling
you how to make money on this façade, this Kabuki theater that
has become America. America is the most watched soap opera in the
world right now; it’s a huge hedge fund. You’ve got CNBC covering
it like it’s an episode from “Breaking Bad,” the popular show
about methamphetamine on cable TV. Ben Bernake and Barack Obama,
you can almost picture them in the back room cooking up some meth
and selling it on the street to finance their habit, which is
defense spending, torture, extraordinary rendition, bombing
people overseas, droning people that costs a lot of money. The
only way they can finance that is by treating the entire economy
like it’s a hedge fund where they just extract wealth second by
second, manipulating markets, trading inside information. JP
Morgan, Lloyd Blankfein, HSBC, Barclays, inside trading, market
manipulation; they’ve been caught at it time and time again.
Laundering money from drug cartels in the face of HSBC over and
over again. It’s just drugs, insider trading, market
manipulation, and Warren Buffett. That’s all that’s left in
America.
RT:You’re great with the plot lines so how is this
particular episode going to end? The episode of the federal
government shutdown. Is it going to end soon? Could it drag on
for three weeks like we’ve seen in the past?
MK: A lot of people get hurt but the people in Washington
consider the American public to be expendable. They don’t need
the American public. They don’t need their taxes, they don’t need
them working - because when they need money they just print it.
It’s like Saudi Arabia in America. In Saudi Arabia when they need
more money they just pump more oil. They don’t need the
population, that’s why they live in destitute and why there’s so
much poverty in Saudi Arabia. It’s the same thing in America –
there’s a huge amount of poverty because...when they need some
cash, they just get Ben Bernake to print it. It’s Saudi Arabia,
it’s called the new American dream. The Saudi Arabian dream is
alive in America.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.