of rick's pics newsletter available at rick ackerman dot com rick spent twelve years as a real market maker on the floor of the pacific coast exchange before turning to journalism and news letter writing req welcome back to the kaiser report payback so you do it very good now rick you write quote goldman's death dive sounds promising tell us more but promising maybe depending where you're sitting my guys my subscribers love the idea goldman going to dizzy axis i've got a target down in the sixty's the stocks trading around a hundred bucks now but it's just bell stuff a number that tends to corroborate the zero target so i don't know i guess goldman's got some exposure and ok well everyone would love to see goldman sachs go to zero and go out of business so is this real art is there something to hope for is a sort of christmas gift or is it just another false dawn and we're going to another two years of these horrible financial terrorist destroying america and the global economy well the trends are unstoppable max and you know the saying about how there's a lot of ruin in a nation and

my guest rick ackerman of rick ackerman dot com you can follow us on twitter or facebook you can . report. that are you.

global story rick ackerman what rules regulations and laws have been broken why is john cores seen yet to be arrested what's your take on that why is yet to be arrested i don't think i'd bet on that but. you know the thing about m.f. global when i saw the story additionally i thought well here's another problem that's going to a sec. the hedge funds and everybody else it's a little too deep in in leveraged derivatives and it turned out that a whole bunch of my friends were snared in m.f. global too i was talking to a rare american friend of mine who lives in france and trades and his account just like gerald solent a for one his account has been frozen and he says they know where the money is but it's odd that it's just being sort of kept in some sort of escrow there but it shows you ultimately hell fragile the network is that allows me and everybody else to trade right on up to the level of scarily large hedge funds but the m.f. is going to it looks like it's going to take a lot of retail guys with it and the problem you know looks like they'll get their money back but not everybody c