insidious than that stacey herbert i don't mean your insidious i mean your next story when you got well max there is not only a great depression happening in ben bernanke he's economy there's a great depression happening in the virtual virtual economy dustbowl hit farmville yes maxwell shares were down forty percent on disappointing earnings this is something you did warn about right farmville there's a huge drought in farmville this is a game by. which is a company we've talked about on this show with guests like josh brown the reformed broker or reggie middleton who discussed openly that this was vaporware it's a vaporous company run by vacuous c.e.o. within the realm of a nonexistent business model trading virtual currencies that only had a one way to go as a public offering and that straight into receivership straight into the zero length of goose egg shell but not with a. out the insiders cashing in along the way by letting make those digression that whether exiting a facebook group on the insiders have been cashing out in this classic pump and dump scam but they were aided and abetted

i'm max kaiser this is the kaiser report i know is the thing about justin bieber right stacy no max banky. yes byrne and the more popular than justin bieber this of course if you watch c m b c so chicago booth school of business professor randy krause there was on c.n.n. b.s. and he said that ben bernanke he is more popular them justin bieber but also responding to a question from a caller who asked about romney's plan to audit the fed and he said well the fed is already audited by the big accounting firms well yeah this is justin bieber should be running the fed really because he'd have more sense but the fact that this c. and b. c. clown can make this kind of statement because you think c. and b. c. listers old eighty year old white guys dribbling on their you know front of their shirt like a charlie munger and warren buffet would be like oh we're we're we know justin bieber is we would you do we say we're going to hold a crimp in broken down nonsensical it is almost all. and you did mention warren buffett so let's talk about warren buffett buffett's move raises a red flag a decision by

right stacy well actually max my first headline is a tweet from you max kaiser if a song had a baking licens and borrowed one trillion dollars he could break any law anywhere and be called a hero by cameron and obama well stacey you say it's a bit of a gap in the legal standards you say here you have a guy julian assange. basically a journalist who's being persecuted by people who don't like what he exposes about them versus banks that are openly without any equivocation breaking law after law after law stealing money you know they got a new guy barclays was saying i think we've had enough of banker bashing you know he's trying to you know somehow generate some sympathy out there from the poor does of people that have had their country and economy stolen and these are the folks that are held up as heroes you know a song is a hero the new guy berkeley's who i don't even know his name yet because there's so many criminals out there it's hard to keep track but the new barclay's guy c.e.o. barkley criminal guy he's of he's all these is the you know the joe well max the important thing her

and then finally here max peter luger state prices may soar as drought coles herds. so you know in america there's a major drought in the corn crop is failing and americans feed their cattle corn which of course destroys the quality of the meat but nevertheless minetta tavern charges one hundred forty dollars for its coat to book for two that's a fifty six percent increase from may two thousand and nine when the restaurant charge ninety dollars sounds like a lot of inflation in u.s. dollars anyway max yes priced in so over there's been actually decrease exactly see on the one hand your steak is getting a lot more expensive in the u.s. fifty six percent in just three years however it's down about thirty percent and silver prices so silver traded at fourteen dollars to fifty cents a may two thousand and nine which means it would have cost six point two ounces for that coat to book for two at minette is and now it only cost four point six so i'm from six point two ounces down to four point six that is how precious metals protect you from this inflation that's right you

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max the first headline might have something to do with that economist appearing on max keiser show forced to resign this is on forbes magazine max and in an email confirming the action sandeep jaitley explained to me apparently they don't want to burn bridges at the gold standard institute and i take this to mean bridges with large benefactors and partners however jaitley is unfazed and values to continue his work including a ph d. acceptance speech on the lewd big split from carl manga and eugene vonn bone by a work regarding certain aspects of interest rate theory but. you say i figured out that the whole mrs institute was populated with dangerous ideologues and that these guys formed the basis for the corruption on wall street for the financial terrorism on wall street they referred to the means as institute as their ideological framework that's why they're dangerous ideologues that we have a guest on the show just talking about it in general terms he's fired now what do you see that saudi arabia iraq afghanistan i mean you see this in totalitarian regimes of course i knew this was the

tradal. >> go max, go max, go, go, go max. >> what's up, max? >> a lot of weird videos, wacky videos, what the f videos. i got a secret for your guys, showing you new things you've never seen before. >> that's my ear. never been seen before. >> that's true. you've always got your head phones on. >> we have pretty awesome real or fake videos. the first one, like you said, wtf. >> what? >> what's wrong with this man that he's playing on a trolley in the middle of the street. >> maybe his car broke down and he had to go to plan b. >> i think his brain broke down and he's losing it in traffic. >> i'm saying real. >> it's dash cam footage from russia. got to be real. >> they might have set it up, but it's too weird to be set up. >> all in agreement for once today. nice. >> this one i think is for nick. >> oh, yes. >> i think it's fake because the passenger side window is closed. why would the driver close the window if this chick is out there. what if she wanted to come back in? >> i think it's fake because of the giant phone number on the fan, a cle

group owned co max now here's the headline max c.m.e. group seek a permit to create an exchange in u.k. so the derivatives market place c.m.e. group confirmed monday it is in the process of applying to the u.k. financial services authority or f.s.a. to create a london based derivatives exchange it will initially begin trading foreign exchange futures products and is expected to launch mid two thousand and thirteen most of the c.m.a. is stepping up to the majors london is really the major leagues broad this is where the biggest commodity abusers are manipulators and counting frauds a coordinated government intervention manipulation takes place c.m.e. wants a piece of that action they think they're ready for that kind of action remember g. lehman brothers and have global j.p. morgan's london whale made off all want to london it's the big leagues of fraud so sue me good luck with your move to the majors well we'll see how you do well the good thing about moving to london is that you know the british people are self abusers they'll take all

joining me from pheonix is max's mom along with her attorney.hank you for being with us this evening. i must tell you you have our n condolenc condolences. i cannot image what it is like to lose a 6-year-old child. i don't know what to say. how are you doing? >> this has been a very difficult year. the worst i have ever obviously ever imaged for myself and for max. >> you made detroit significance after the police and medical exam miner decided little max's fall was an accident. you decided to hire independent forensic experts. why? >> after i was given the debriefing i was shown a diagram which really didn't look like max. three weeks later i was presented from the police department independent their independent expert a report that indicated that max went off that railing and accident explain how that happened. >> hold on. what we are looking at is a full scene of max's height next to the railing when he -- when he was on a skate board and the other is when he is on his feet. either way it doesn't appear that the center of gravity is above the

up next max kaiser suggests that a turf war is brewing in the global banking spear between the u.s. and the u.k. . cause or this is a cause a report we've got a turf war brewing on the global banking say we do in the u.k. and the us still see max and all of my headlines here we have lang grabs and power grabs and just plain old money grabs labor m.p. john mann attacks anti british bias by u.s. regulators and call for money laundering inquiry john mann who is a member of the treasury select committee said he was concerned about an increasing anti british bias by u.s. regulators and politicians which he said was shifting financial markets from london to new york this is the standard chartered debacle where the bank is being sanctioned by some new york and some new new new york regulatory authority that just popped up under andrew cuomo and they are attacking the standard charter which is a u.k. based bank but they do most of their business africa. and this is developing into a bit of a turf war and the idea is that the u.s. is trying to attack the u.k. city the city of london in a pow

max counter this is the kaiser report you know more and more of the global economy relies on magical thinking all of the models of failed all the policies of failed. we've got magical thinking stacy tell us more about this max it's magic eight ball economics ruling the world and i thought this first headline here would very much interest to you an investment fund that makes trades based on superstitious beliefs the superstitious fund project is an investment fund that is run by a superstitious autonomous algorithm as a one year experiment it operates in trades purely on superstitious beliefs buying or selling on numerology and in accordance to lunar phases for example it has the fear of the number thirteen and a full moon and also develops its own lucky and unlucky values just as we do all the time we are hard wired to imagine patterns that give us the illusion of control right so this is a computer program dart official intelligence basically to go in there make trades based on superstition now what's significant about this is that you've got of course artificial intelligence but th

max kaiser this is the kaiser report where do the politicians get that money they need to run for election it comes from trading on inside information of course they see her well max insider trading from congresspeople is not a legal i'm told just recently after it came to light but here's a good headline for you paul ryan traded on inside information to avoid two thousand and eight crash paul ryan attended a closed meeting with congressional leaders bush's treasury secretary henry paulson and fed always are chairman ben bernanke in september eighteenth two thousand and eight the purpose of the meeting was to disclose the coming economic meltdown and beg congress to pass legislation to help collapsing banks is said of jewing anything to help ryan left the meeting and on the very same day paul ryan sold shares of stock he own to several troubled banks and reinvested the proceeds in goldman sachs a bank that the meeting had disclosed was not in trouble but this is an example of market fundamentalism paul ryan in his mind he's thinking he's justified in breaking the law more or less i mean it