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Keiser Report Episode 212

Every week Max Keiser looks at all the scandal behind the financial news headlines.
This week Max Keiser and co-host Stacy Herbert discuss the tiny rule changes and the Zombies behind the collapse of MF Global. Meanwhile, in Pennsylvania, a Keiser-Celente 2012 bumper sticker spotted! In the second half of the show, Max Keiser interviews Barry Ritholtz about the big lie that bankers did not cause the crisis and what MF Global means to the markets.

If you want to dive into the precious metals world head first, and get a pretty decent inoculation against all the financial propaganda, The Keiser Report with Max Keiser is a pretty valuable resource. In fact, on list of the 25 Most Dangerous People in Finical Media (in a good way), Joshua Brown at the Huffington Post lists Max Keiser and Stacy Herbert (his fiancé and co-host) as #1.

Max Keiser makes things very difficult for the financial elites, primary by exposing them, and explaining their antics in a way that approaches layman’s terms.

It might seem like prices are rising wherever you look, from medical care to college tuition. Yet to the Federal Reserve, they might not be going up fast enough.
The Fed says a little more inflation might be just the thing to start a chain reaction that would ultimately create jobs - and avoid a spiral of falling prices that could damage the economy.
In a statement Tuesday, the Fed avoided directly mentioning the dreaded word "deflation." But it signaled its concern that today's very low inflation might lead to actual price drops.

NPR attempts to explain deflation to the best of their ability.

APRIL 2013 - The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer's Greek debt restructuring resulted in losses equivalent to more than 25 percent of Cyprus' GDP. These banks then took their bad investments to the government, demanding a bailout from an already beleaguered Cypriot treasury. The government of Cyprus then turned to the European Union (EU) for a bailout.

Already bigger than many sovereign currencies, Bitcoin has broken the $1 billion in value mark this week. In the wake of continuing economic crises and liquidity shortages, this new virtual currency is poised to challenge the euro and US dollar.
By not being tied to any particular financial institution and independent from world governments, Bitcoin will become a safe haven for anyone trying to save their money from the crippled international banking system, claimed Max Keiser, the host of RT's Keiser Report.

You committed no crime, but an officer is knocking on your door. More Minnesotans are surprised to find themselves being locked up over debts. "The law enforcement system has unwittingly become a tool of the debt collectors," said Michael Kinkley, an attorney in Spokane, Wash., who has represented arrested debtors. "The debt collectors are abusing the system and intimidating people, and law enforcement is going along with it."

A brilliant market solution to the "student debt crisis." People volunteer time and others donate money to pay down their debts. A solution that doesn't involve the government just giving people money after they were fiscally irresponsible.