Financial War Report: Why People Hate The Banks – Anti-Bank Currency
The “Keiser Report” (April 7, 2012) Max Keiser and co-host, Stacy Herbert, discuss getting “Zhou Tonged” and ‘Jamie Dimon-ed‘ in financial markets. They also discuss “Bucket Shop Derivatives,” a debit card repo scam and a compound of morons and regulatory flatulence. In the second half of the show Max talks with Michel Bauwens of the “P2P Foundation” about the “Bitcoin” currency in the virtual world, ‘pseudo abundance’ and artificial scarcity in the real world.
(RT (Home), YouTube, 280 on ‘Dish’ Network & 103 on Comcast)
Max Keiser’s “On the Edge” With Dan Collins I agree with everything said, (double so). As I’ve stated many times, this’s the end of the ‘industrial revolution’ as we know it. … Now the world will be more Anarchic and the countries with the biggest population, will be the biggest economies, because of the labor power of some in China, is now equal to, (or greater than) someone in the United States. The western financial model, is already terminally broken. This happened as soon as criminal behavior at the top of banking institutions went unpunished. In any society, allowing criminals to prosper as a result of their criminal behavior, will always lead to more crime, which will always lead to more of a breakdown. …
Banks in the west, are totally focused on the next quarterly earnings, without regard, as to where the profits are coming from. Traditionally, banks prospered, by building relationships of trust with their clients, based on a proven track record and a good long-term outlook. If you have a banking business model, which operates in the short term — ripping off and working against the best interests of it’s clients, then, — stealing, (openly) becomes the profit model norm, detrimental to the entire economic structure.