Keiser Report: The FUBAR World Economy (E570)
Economy | Information | History | Online | Facts | World | Global | Money
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the $400 million papaya milkshake at MtGox and the $400 million transaction malleability issue at Citigroup's subsidiary in Mexico. In the second half, Max talks to Tuur Demeester about the benign virus that is bitcoin and the cloud that hit earth. They also talk about creating an instant Hong Kong in a box and establishing proof of reserves. FOLLOW Max Keiser on Twitter: http://twitter.com/maxkeiser WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-current) RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Comments
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I trust the communism more than your bit coin pitch. Of course it will be good at first.
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Title said it all, for those who missed virus attack on Feb 11 2010 by Fubar (Most fraudulent online company with headquarters in united states) There is an education video by fubar teaches other competitors to follow behind. Citibank came out to be second fraudulent company that also have plenty of banks in usa which nether the less commit petty fraud. Keep clients accounts open, after reassurance of the bank manager that 'account is dust no one can touch it.' The other frauds well you need subpoena to publish that... Funny thing about it online users got nothing else, but be frantically scared of those names. I know Citibank shall merge with fubar this way not only that bank will legitimately make all your legal founds depart with you. You'll also will get computer virus as a parting present ! What legal action can be done against those monsters? That is wishful thinking, you must fight fire with fire.
I guess if only Citibank accounts will be hit by fubar and 400 mil was a wrong amount I guess special ops must swipe 400 gadzill on fubar this will most likely to improve paper cash circulations. -
"A Monetary Manifesto"
"The monetary future will be the medium of exchange (money) and human faith placed into a secure digital structure that is integrated to a decentralized and fully distributed free market network.
The new system will be impervious to capital controls, confiscation, politics, central bank systems, human error, market manipulation, repressive jurisdictions, and counter party risk.
Value will be stored in a risk free digital bearer Instrument that is unaffected by any third party attacks or third party restrictions.
Value will be ubiquitously, instantly and anonymously exchanged on a peer-to-peer basis between parties whether they're facing each other, or worlds apart.
The new system will be the antithesis of a fiat currency debt based monetary system.
The new system shall free the populace from immoral monetary systems. Inasmuch, immoral systems will become irrelevant.
The new system will be a financial asylum that is available to everyone."
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Sorry. ..@TURDEMEESTER. friggin gold.
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Did that really say "@ TURDEMIESTER"?
Too good..you cant write this stuff. -
Is Keiser drunk? Or really high?
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love stacey's new hairstyle. I know she's a genius, but i had to mention it.
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Really good episode.
Loved the end there... 'explain this really difficult thing people struggle to understand... ..and ...... your time's up, you failed' :D -
If BTC has no counter-party risk, what would you say to those that lost their $ when Mt Gox collapsed? Cyrptocurrency as a medium of exchange is brilliant. The store of value aspect is more debatable.
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Max has an Idea to wealth. It's called pick a scam. The idea is, that all investments are a scam. So pick scam as its going up and then sell it before others figure out that it's a scam!. Max is the games leader. He makes the profits and starts the new scam. Cloud money is complete nothingness you own a cloud great idea. Not.
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So sorry to hear about Autumn Radtke.
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jajaja. FUCK Capitalism, Max.
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Wow Bitcoin is now a religion. Thanks Max.
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I quote Max: "BitCoin is maintaining capitalism in the 21st century" - It is true; the system, or better, the fiat system currency we now call "capitalism" is a monster-by-product of what capitalism should be. Within the boundries of a currency which is regulated by its users and limitedly mined by its programmers, the core principle of what a healthy form of capitalism should be, is maintained. Even though I am an anarcho-socialist in principle, I must agree with Max, that if we want to maintain, or even, achieve the goal of "free markets" within a capitalist system, this should be the way to go. Thumbs up for Max and Stacy for their report!
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thank you gox, for lowering btc prices for such a short amount of time... i was pissed when i found out that thing i could have invested in took off and i couldnt afford to buy into it before hand...
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..out of biZZiness. Yep.
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Its low tide again.
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