These guys are funny.
RussiaToday — April 27, 2010 — This time Max Keiser and co-host Stacy Herbert look at a handful of the many Goldman Sachs fraud metaphors; the scandals of what the US bankers, regulators and government knew about Repo 105 before it helped take down Lehman Brothers, and of President Clinton’s big mistake on derivatives. In the second half of the show, Stacy interviews Max Keiser, in virtual Hollywood, about the box office futures market.
The tax on banks proposed by Washington guarantees Wall Street $US 4 trillion which means top banks will keep playing the same game in the future, economic trend forecaster Gerald Celente warned.
Goldman Sachs is nothing more than a big hedge fund, period and paragraph. If they went under people dont have go to the ATM machine to get their money out of the Goldman Sachs bank, they do not have Goldman Sachs cheques, they are just fronting for Wall Street and all Wall Street is doing is gambling and their risks are covered by the American taxpayer, said Celente.
America was at its greatest when it was not about Wall Street but Main Street; when it was not about the Walmart but moms and pops and community; when it was not about factory farms but family farms. Everything in America has gone corporate, grieved the forecaster.
Celente concluded by saying, the merger of state and corporate powers, according to Mussolini, who knew a thing or two about it, is called fascism and fascism is coming to America.
Reposted here by Francisco Martinez www.RousTech.com Risk management services and software for Banks and Broker or Forex using MT4. Rous Mam and ECN Bridge.
Max Keiser takes offense to Goldman Sachs story
These guys are talking about a different reserve currency that is needed. I don’t think people want or are willing to try a new one, at least I am not that trusting. Please give me a break, another fiat currency.
Why can’t we go back to trading in precious metal coins again. I trust gold and silver will be valued the same all over the world. If people don’t want to carry gold they can have it on deposit and use debit cards for this too, can’t they? I don’t know… Maybe I am too practical and I am making too simple a view of this.
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