Max Keiser: On PIMCO's El-Erian Warning Of Financial Repression In The United States (Savers Vs. Speculators)

Video - Max & Stacy - May 23, 2011

Keiser without the hyperbole.

Financial Repression - A Sheep Shearing Instruction Manual

Comments

[Josie]

I think Max nails it here...

[DailyBail]

Agreed josie...very solid clip...i like the hyperbole sometimes and other times like this one, he does well with just a slow and steady approach...

[DailyBail]

WATCH: WikiLeaks' Priceless MasterCard Parody Ad

http://www.businessinsider.com/wikileaks-mastercard-parody-video-2011-7

pretty decent...

[DailyBail]

College education becomes a predator’s lounge for Wall Street and the government – Since 2000 the real cost of college is up by 23 percent yet the real earnings of college graduates is down by 11 percent.

http://www.mybudget360.com/college-education-predators-lounge-for-wall-street-and-government-college-cost-up-college-grad-earnings-down/

[chunga]

America, the patient, is very weak and gravely Ill, to the extent she now requires intensive care. While she lay dying on the operating table it is becoming painfully apparent that the environment in the operating room is septic. There are those who wish to see her survive and there are those who do not. In this medical metaphor, we are the surgeons, our understanding of how to treat the patient and the tools we use are not scalpels and sutures. The tools we use are laws and our ability to articulate them.

We have an epidemic on our hands. A plague. While the specific individual steps required to cure each patient may differ from the next, the pathogen is the same. Just as it would be irresponsible of a Chief Medical Officer at a hospital to realize a deadly plague exists, and to deny to all his surgeons their need to be aware of it – so it would be if a judge were to deny the fact we are suffering from a financial plague brought about by widespread deliberate indifference to the Law. Confining each individual case to the issues in the instant matter without considering that millions are succumbing to this plague, in increasing numbers, creates an impediment in the quest to find a cure.

Those that do not wish to see the patients survive either the financial plague or my imaginary medical plague are at every crack and crevice of the operating room, relentlessly and remorselessly pumping pathogens towards the patients in an effort to further add to the sepsis. The surgery still needs to be performed individually – but it must be acknowledged that the waiting room is full of new patients.

The Ponzi plankton at the bottom of the fraudulent food chain, the borrowers, should crank up civil suits of their own en masse.

At some point in time, in the realm of foreclosure litigation, the distinction between negligent representation and fraudulent representaion needs to be drilled home.

[chunga]

Never, ever, forget Sunny Sheu.

[DailyBail]

haven't forgotten sunny...you know how i work, chunga...his story will be brought back to the front page numerous times in the future...and i will be running the update from will gallison soon...

[Josie]

@DB

RE: education costs/corruption.

Simply put, SallieMae was and still is a US government-sponsored syndicate (remember the golf course for the CEO Al Lord?)http://www.huffingtonpost.com/chris-lindstrom/iin-the-public-interesti_b_493223.html

And the Dept of Education should be abolished. It's nothing but a front for the Sallie banksters and teacher's union.

[DailyBail]

Great link Josie...I agree completely. As you know, Sallie Mae is personally responsible for much of the out of control rise in college tuition costs over the last 2 decades since you and I attended college. I think we've discussed it before - UVa was $7,000 per year (out of state) during my years 1984-88, and Duke was almost the same for you if I remember correctly.

Do you remember that in the original Gingrich contract for america in the 90s, getting rid of the completely useless federal Education Dep't. was one of the main pillars...not only hasn't it happened, but it has continued to grow in budget and size in the 15 years since.

It does absolutely nothing of value and employs close to 45,000 bureaucrats last i checked.

[G Street]

They couldn't destroy the free world any more efficiently if they tried. Go long mayonnaise jars. Ya know, when you're working for your own benefit, and your children's, you work real hard. When you're forced to spend your life for the benefit of a bunch of financial terrorists, thugs, gangsters and their political pets, not so much.

[Josie]

@DB

Yes, we discussed the Duke/UVa costs back in 80s. Tuition has risen waaaaaayyyy beyond inflation and you're right, Sallie is largely responsible. The taxpayers back the loans and the U's just don't care about the costs. Middle class kids/families are screwed because the amount of debt taken to attend public and private is just staggering...hopefully, people will wise up...

And 45k employees at the DOE? F'n ridiculous!!!

[DailyBail]

Josie...just checked...it has 5,000 employees...not sure where i heard 45,000...but it's still 5,000 too many...