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MAX KEISER Interview: "America: a walking dead-zombie country" *LINK* *PIC*
America: a walking dead-zombie country


Freitag, 20. August 2010 00:23

von Lars Schall

The high-profile financial pundit Max Keiser doesn’t shy away from crystal-clear, unmistakable statements. The following exclusive interview is no exception. Mr. Keiser sees an attack exercised against the majority of people in the U.S., sets out why gold is in no bubble at all, points at a remarkable move by the Harvard University, and has an advice to some US-American billionaires disguised as noble philanthropists: “Just pay your taxes and shut up!”

Max Keiser, born January 23, 1960 in New Rochelle, N.Y., USA, has been involved with markets and finance for 25 years. He started his career as a stock broker on Wall Street after graduating 1983 from New York University.

He is the inventor of the "Virtual Specialist Technology" (US patent number 5950176)- a software system used by the Hollywood Stock Exchange, and is the creator, co-founder and former CEO of HSX Holdings/Hollywood Stock Exchange, which allows traders to exchange virtual securities such as "MovieStocks" and "StarBonds," and a convertible virtual currency, the Hollywood Dollar. The Hollywood Stock Exchange remains until today the highest volume stock exchange in the world. He currently has a patent pending for “crowd funding media properties” used in his latest creation, “piratefilm.com”.

Mr. Keiser presented / produced TV and Radio formats at NBC, CBS, BBC, BBC World News, and the English programme of Al-Jazeera. For Iran’s Press TV he’s the host of “On the Edge,” and with his co-host, Stacy Herbert, he presents for the Russian broadcaster RT TV the “Keiser Report” (see for more at: http://maxkeiser.com/). In addition, he has appeared as a financial pundit on a number of news-networks.

To his success as a financial analyst belong the following predictions:

  • In the September 2004 issue of The Ecologist magazine, Keiser correctly predicted the 2008 collapse of Fannie Mae and Freddie Mac when he wrote, "My guess is that the two stocks that look the likeliest to implode at the hands of derivative-wielding Wall Street financial types (and other fundamentalists) preying on a US economy made weak by cheap money are Fannie Mae and Freddie Mac."
  •  In 2006 he correctly predicted that sub-prime mortgage-backed securities would be the cause of recession by 2008.
  • In 2007 he correctly predicted the break-down of Iceland's economy in 2008.
  • In 2009 he correctly predicted that Cantor Fitzgerald would fail in their attempt to launch box office futures contracts (based on his intellectual property).

Max Keiser, who’s also a frequent contributor to “The Huffington Post” (http://www.huffingtonpost.com/max-keiser), lives in Paris, France.

Mr. Keiser, in your initial email you wrote to me:

“The key to understanding the current situation is to understand that house prices, jobs, wages, and pensions in the US are all being attacked with original-issue debt dollar junk.

This will continue until the middle class has been completely wiped out.”

Can you elaborate on this, please?

Yes, it’s a Financial Holocaust. It is designed to destroy the American middle-class. We face an original-issue deflation, if you will. It is as if Michael Milken ran the Fed. If you look at the work of Steve Keen (http://www.debtdeflation.com/blogs/), an economist in Australia and one of a very few economists who got the crisis of the past three years accurate, you understand that the banking system does not work on a system where deposits are the basis for fractional reserve. The banking system works on the basis of loans used as the collateral for more loans.

That means that the origination of all the fractional reserve lending that is going on is just more debt. There are no retail deposit reserves or wholesale deposit reserves, just original issue dollar based junk debt. And when you understand that debt is at the bottom of the pyramid and that there’s no equity at all, or capital as this term is usually understood, then you understand that the banks and the policy makers are continuing a programme at the behest of Wall Street to commit a Financial Holocaust to eliminate the majority in America, which is the middle-class. Wall Street banks with their CDS's, High Frequency Trading and bogus market making are injecting the equivalent of financial Zyklon B into the American and world economy.

With regard to the U.S. economy, would you agree with Paul Krugman, who wrote not a long time ago that the lights in the U.S. are about to go out?[1]

Paul Krugman is a salon monkey. You can quote me on that.

Okay, no problem (laughs).

He is a tool of the New York Times. If it wasn’t for the New York Times, no one would read Paul Krugman. He has absolutely nothing credible to say. He is merely a mouthpiece for neo-liberal clap-trap. Any minute you spend reading Paul Krugman is a minute of your life that you’ll never get back.

How does the mainstream media not only in the U.S., but in the Western hemisphere in general, play its part to ascertain its recipients that everything is more or less alright?

Well, the mainstream media is owned by the banking system. There is no widely disseminated media-outlet that is not owned by the banking system. Every media-outlet in the United States – Fox News, CNN, the New York Times etc. –  is an extension of CNBC and James Cramer.

How do you feel in this context about the attempts to regulate the internet?

It’s a sad chapter in American history, because the internet came into being as the result of the good will of the American taxpayer. Now you have private corporations like Google and Verizon, who are stealing it. That’s unconscionable. It’s a hanging offense. If there would be any justice, the principles of Google and Verizon would be  strung up and beaten.

Will those attempts have bad effects for the journalism that’s going on in the internet?





Messages In This Thread

MAX KEISER Interview: "America: a walking dead-zombie country" *LINK* *PIC*
But what Max says about Obama is correct.
The "MAD MAX" tells it like it IS!! :D *PIC*
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