Max Keiser in Dublin on Wednesday 13th of April

by W. Finnerty Thu Apr 14, 2011 20:28

Allowing for your comments, I feel readers need to be made aware that the "weapons of financial mass destruction" tag for "derivatives" originated -- years ago apparently -- from Warren Buffet, who is widely regarded as one of the most successful investors in the world; and, that Max Keiser was simply quoting Warren Buffet on yesterday's TV3 debate with Vincent Browne.

"Some derivatives contracts, Mr Buffett says, appear to have been devised by madmen".

"The profits and losses from derivates deals are booked straight away, even though no actual money changes hand. In many cases the real costs hit companies only many years later."

"In his letter Mr Buffett compares the derivatives business to 'hell... easy to enter and almost impossible to exit', and predicts that it will take years to unwind the complex deals struck by its subsidiary General Re Securities."

All three of the above excerpts have been copied from a BBC report on Warren Buffet's deeply held and frightening concerns of long standing relating to "derivatives" dated March 4th 2003, which can be viewed at http://news.bbc.co.uk/2/hi/2817995.stm

by Citizen Thu Apr 14, 2011 18:49

you deliberately misrepresent

this silver campaign has been on the go for a while now

those that took max's advice from early on have profited quite substantially

silver has gained a huge amount in the last six months

I agree with him that the only way to take on these financial terrorists is by playing them at their own game and hitting them where it hurts: their stock price

this new financial activism is much more worrying to these guys than a bunch of paddies marching around with signs and being kicked in the balls or threatened with rape by the(ir) gardai.

Don't take my word for it.
here's a thread on P.ie that proves the point about silver I think
http://www.politics.ie/economy/143352-jp-morgan-buy-1oz....html

by me Thu Apr 14, 2011 17:31

Max's portfolio of uncanny predictions and empowering analytical insights include...

1) prophesying that the Euro was shortly to become the world's reserve currency, a couple of months before it went tits up

2) declaring his support for US Presidential candidate Barack Obama on the basis that there was a very good chance Obama would bring about 'change'

3) connecting record cold, warm, wet, dry, windy, not windy, weather events with catastrophic anthropogenic global warming climate change disruption, as well as postulating that there may be some connection between weather and crop yields

4) predicting that the US Comex gold and silver exchange would default catastrophically in 2008, which it clearly did, without anyone noticing

5) foretelling that the US will distance itself from Israel in its hour of need, just like it abandoned South Vitenam

The man is a soothsaying sensation, though it's not immediately clear if he is simply a brilliant analyst, gifted with superhuman psychic abilities, or whether the Universe actually submissively conforms to His Will

Keiser's plan was simplicity itself. JP Morgan has (allegedly) been driving the price of silver down by selling billions of dollars of silver it didn't actually possess. If enough people were to call JP Morgan's bluff, buy physical silver and drive the price up, JP Morgan's positions would collapse and the price of silver would skyrocket - destroying an evil bank and enriching those who killed it in the same act

A brilliant plan. Of course, if JP Morgan were to ever implode the resulting costs and losses (plus a dollop extra) would simply be assumed in all our names by government. But, nevertheless, a really, really brilliant plan

So, how's it doing? How much money have the legions of junior league silver bugs who have followed Max's call to 'Buy Silver, Crash JP Morgan' made so far?

-10.48%

The Oracle Max Keiser is still truly at the peak of his powers

by W. Finnerty Thu Apr 14, 2011 11:52

Put in a nutshell, it appears that Max Keiser believes, quite correctly in my view, that:

"Derivatives" equals "Weapons of mass financial destruction"

The video can be viewed at the following www location: http://www.youtube.com/watch?v=-Bznaoxt7OI

by V for vendetta Wed Apr 13, 2011 19:33

max keiser on vincent browne tonight

strap in!

by T Tue Apr 12, 2011 11:29

Max Keiser also has a regular program on the Russia Today TV news channel and he regularly does hard hitting stories into the ongoing financial crisis and he quite rightly refers to those responsible as financial terrorists

His other achievements as alluded to above are his ongoing activistism in the financial sphere and I think he has been quoted as saying we need to step into the financial world to meet these guys as that is where it is happening and where the power lies and he certainly has a point because without any real understanding or engagement, activists can have very little influence

I expect this event would be well worth attending especially for those who may not be so familiar with him.