Keiser Report №75: Markets! Finance! Scandal!

This week Max Keiser and co-host Stacy Herbert look at the scandals of "the weather in healthcare", virtual girlfriends and illegal immigrants giving up on the US economy. In the second half of the show, Max talks to independent journalist Mark "Bicyclemark" Fonseca Rendeiro, who is in Kabul to assist with the elections.

Sir Alan Greenspan "US May Soon Reach It's Borrowing Limit"

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aga_wkgMEfDo
By Jacob Greber

June 18 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing.

“Perceptions of a large U.S. borrowing capacity are misleading,” and current long-term bond yields are masking America’s debt challenge, Greenspan wrote in an opinion piece posted on the Wall Street Journal’s website Click Here. “Long-term rate increases can emerge with unexpected suddenness,” such as the 4 percentage point surge over four months in 1979-80, he said.

Greenspan rebutted “misplaced” concern that reducing the deficit would put the economic recovery in danger, entering a debate among global policy makers about how quickly to exit from stimulus measures adopted during the financial crisis. U.S. Treasury Secretary Timothy F. Geithner said this month that while fiscal tightening is needed over the “medium term,” governments must reinforce the recovery in private demand.

“The United States, and most of the rest of the developed world, is in need of a tectonic shift in fiscal policy,” said Greenspan, 84, who served at the Fed’s helm from 1987 to 2006. “Incremental change will not be adequate.”


click here to finish reading the whole article on Bloomberg

click here for Greenspan's recent Op-Ed piece in the Wall Street Journal

Gerald Celente The Stimulus only Stimulated The Banks - The Entire System is Collapsing - RT 6-18, 2010

June 18, 2010 — The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed. Gerald Celente says that there is no way governments can just keep pumping money into the economy and it will only get worse, with an eventual crash.

Gerald Celente is the #1 Trends Forecaster I highly recommend his TrendsResearch Journal at http://www.trendsresearch.com

Following are Gerald Celente's Forecasts for 2010: · The Crash of 2010: The Bailout Bubble is about to burst. Be prepared for the onset of the Greatest Depression. · Depression Uplift: The pursuit of elegance and affordable sophistication will raise spirits and profits. · Terrorism 2010: Years of war in Afghanistan and Iraq ­ and now Pakistan ­ have intensified anti-American sentiment. 2010 will be the year of the lone-wolf, self-radicalized gunman. · Neo-Survivalism: A new breed of survivalist is devising ingenious stratagems to beat the crumbling system. And, they're not all heading for the hills with AK-47's and pork & beans. · Not Welcome Here: Fueled by fear and resentment, a global anti-immigration trend will gather force and serve as a major plank in building a new political party in the US. · TB or Not TB: With two-thirds of Americans Too Big (TB) for their own good (and everyone else's), 2010 will mark the outbreak of a "War on Fat," providing a ton of business opportunities. · Mothers of Invention: Taking off with the speed of the Internet revolution, "Technology for the Poor" will be a major trend in 2010, providing products and services for newly downscaled Western consumers and impoverished consumers everywhere. · Not Made In China: A "Buy Local," "My Country First" protectionist backlash will deliver a big "No" to unrestrained globalism and open solid niches for local and domestic manufacturers. · The Next Big Thing: Just as the traditional print media (newspapers/magazines) were scooped by Internet competition, so too will new communication technologies herald the end of the TV networks as we know them.

Melt Up - A Must Watch Documentary by the National Inflation Association (NIA)

This is a must watch documentary released on May 13, 2010 about our current economic situation and where it is headed. Everyone should watch this & pass this on to their friends.

NIA believes Meltup is the most important economic documentary ever produced in world history. The Second American Revolution has begun! Please share this documentary with all of your friends and family members immediately!

Check out a recent update to this documentary released from the NIA on June 14th, 2010 here
Check out other videos from the NIA at http://inflation.us/videos.html

The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy by Ellen Brown

http://seekingalpha.com/article/206606-the-mysterious-cafrs-how-stagnant-pools-of-government-money-could-help-save-the-economy

Ellen Brown she is one of my favorites! Check out her articles http://www.webofdebt.com/articles/ & her mini bio below:

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her earlier books focused on the pharmaceutical cartel that gets its power from “the money trust.” Her eleven books include Forbidden Medicine, Nature’s Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health (co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.com and www.ellenbrown.com.

Mirror, Mirror on the Wall, When is the Next AIG to Fall? - Marc Faber

misesmedia — May 28, 2010 — Presented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan on 22 May 2010 in New York, New York. Includes an introduction by Mises Institute president Douglas E. French.

"In this sort of environment only gold and silver can protect your assets." - Bob Chapman The International Forecaster‏

The Fed's Purchase of US Sovereign Debt: "The US Treasury is under the Control of the Fed’s Owners".
US, UK and European financial systems are on the way to collapse
by Bob Chapman The International Forecaster
June 16, 2010

http://globalresearch.ca/index.php?context=va&aid=19761

"The foregoing events lead us to other manifestations of trouble, real trouble. For the past four years all currencies have fallen versus gold and silver. The US dollar has been falling for 11 years versus gold and silver. What gold is telling you is that the US, UK and European financial systems are on the way to collapse. The cover-up cannot go on and all the players know that. They are all living in the theater of the absurd. What politicians in all these countries are doing is what they are being told to do. If they do not do what they are told they will never hold public office or be a bureaucrat again. If what they do is serious enough they will be liquidated. What is happening financially, fiscally and monetarily is unnatural. There is absolutely no way the system can be fixed. If these politicians and their handlers believe this they are doomed. They have pulled this hundreds of times and each time they have been unsuccessful. This time will be a disaster for the Illuminists due to the Internet and talk radio. This time they will escape nothing. We live in a decadent, immoral financial system that has to fall. In this sort of environment only gold and silver can protect your assets."

Peter Schiff Fast Money CNBC 19 Feb 2010 Part 1 of 2

Peter Schiff is the only one to listen to on CNBC. He keeps advising Americans to buy gold. Oil is going up because of inflation..

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi

http://www.lewrockwell.com/sardi/sardi146.html?source=patrick.net

This is a really good article.