Keiser Report marathon Episode (4) Notes

Global economics

Barack to soldiers 30k soldiers to Afghanistan

Give Goldman $20 billion avoid body bags

Iphone app to worship Ronald Reagan

Wall Street executive vanity plates 2 BIG 2 FAIL
Deregulation all over the world

Germany bought Wall street's collateralized junk debt obligation

Rationing marmite
executive bonuses up
workers hours and pay down

Societe Generale
worst case scenario sell dollar, buy government bonds Cherry pick assets

SECOND HALF

Steve keen Debunking Economics

1 of 12 people who predicted the crash

velocity of money Milton Friedman right about this

Obama believes in fractional reserve

43 trillion in debt not including unfunded liabilities
needs to add $9 trillion
300% debt to gdp
11 trillion totat US govt. Debt

speculative to raise up the price of shares-- wasteful
Dot com bear Starns reward losses

2008 same thinking
Growth based on leverage

Adding more debt to debt bonfire
reducing ability to consume

Love for capitalism up
hate for capitalism down

2008 AP 7 Billion Congress

If the bank would have failed should have been nationalized
Their bondholders and shareholders would have been wiped out
All debt could have been wiped out for $20 trillion

Instead vampires kept alive at the same cost
Savings and Loan scandal the same

All factories to China
America turn socialist(financial)
Sara Palin ( socialist policies)
1950's made America great?
Americans triggered by words

2010 Predictions
attacked Japan for same thing in the 1990s

Massive debt of Americans
Americans getting more debt