Max, Stacey and guest Ben Aris stationed in Moscow, discuss the following: How China surpassed US as world’s largest economy; debt ridden US and UK economies and their comparison to Germany and China, as well the lies of the UK government. And last but not least: the despair index shows that despite the ruble crisis, Russians feel more optimistic and satisfied than Europeans, and until recently, more so than Americans. About 75% of Russians, including the poorest 1/2 of the country, feel satisfied with their lives, with very low unemployment, access to money for entertainment/cars/home improvement, lower povery levels than EU and US, and overall decent living standards. Less travel than before and higher inflation are direct results of Western sanctions and deliberate attack on the ruble, which upped the index value somewhat. But even with these two factors accounted for, it is concluded that Russia is a better place to live for an average person than US or EU. Keiser Report: Siberian Camembert (E705, ft. Ben Aris):
Heads up, dear readers!
The above Keiser Report is a good lead-in to my two upcoming urgent EARTH SHIFT REPORTS:
1. Grand Experiment Novorossia and the Birth of the New Revolutionary Monetary System.
2. Ruble Wars as the Beginning of the Death of the Dollar.
These two reports are being written as we speak and I will be posting them as they get completed.
The reports will be posted on my new site LadaRay.info. Stay tuned!
This post is a fusion of the two different media items of interest regarding the rigged Wall Street financial system with my own thoughts on the subject as former Smith Barney financial consultant.
I’ve included the new #KeiserReport on #RT with Max Keiser and Stacy Herbert, which addresses only a couple of the many rigged games Wall Street plays these days, thus sucking resources and life out of the US economy, as well as the economies of other countries. These two are: 1. “high-frequency trading” and 2. “insider trading.” While the latter is well-known, the former being a fraud may be a surprise for some. How does high-frequency trading work? Max Keiser gives us his primer. In the second half Max interviews Doug Casey about investing and its secrets. One of the interesting points is about Argentina, which again seems to be in a pre-default crisis.
I worked on Wall Street as financial consultant for Salomon Smith Barney (at the time, the investment banking arm of Citigroup), and I left because I was disgusted with its dirty innerworkings. However, several years ago even I couldn’t imagine the degree to which the game would be rigged today… Max and Stacy like to talk about the JP Morgan CEO, Jamie Dimon, and his role in the rigging of the system, which will eventually lead to its collpse. When I worked at Smith Barney, Jamie Dimon was one of the top honchos at Citigroup, who was tipped for the next CEO’s position. However, he ubruptly left in the end of 1990s (was fired?) after a mystery row with Citi’s then CEO, Sandy Weill. Read the rest of this entry