Risky Bonds and the Birth of another banking Scandal – Max Keiser

Max Keiser and Stacy Herbert pinpoint the failure of the policy makers to avert the increasingly likely financial crisis in the Bond market, the stepping-up of the currency ‘war’ and the importing of Mark Carney to the Bank of England to raise the rate of inflation using so-called ‘Nominal GDP targeting’.  Max also believes that Mark Carney will give immunity to the banks for rigging the Libor, when it is clear that there was an institutionalised systemic conspiracy.  George Osborne is specifically ‘criticised’ for pretending, that he was ‘electrifying the fence’ between the retail and investment parts of the banks, by introducing new powers to the Prudential Regulatory Authority to break up those banks which they judge to be flouting the rules.  The UK government has always had the power to break-up the banks and to prosecute their fraudulent behaviour.

Keiser Report: The Birth of a Scandal (E403)

Published on Feb 7, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Wall Street schmatas now warning of bondpocalypse as bonds now considered ‘risky’ investment. They also discuss both George Osborne’s electric fence of new financial regulatory powers which are same as the old powers that have never actually been used against the too big to fail banks and the London lawyers suggesting that the level of manipulation of Libor was so great that contracts tied to the rate should be considered null and void. In the second half of the show, Max Keiser talks to John Butler, Chief Investment Officer at Amphora Capital, about the bond market, currency vigilantes and the not very hidden inflation.

Related posts:

Criminogenic environments like the City of London

The market has a name: It is Goldman Sachs

Plutonomy – Invasion of the Political Body Snatchers.

Capitalism – Neoliberalism, Plutonomy, and Neo-feudalism.

Neil Barofsky: How Washington Saved Wall Street and Abandoned Main Street

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