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Reggie Middleton and Max Keiser Discussing Goldman Sachs, the Super-Powered race to the bottom three, banks as the “new tobacco companies” and Choking on ZIRP
Here’s my latest with Max Keiser along the requisite related background
opinion. Please scroll 13 minutes into this clip for my latest interview
with Max Keiser discussing Goldman Sachs (remember, I was the first and
original public Goldman Bear), the race to the bottom three (or the triumvirate of super states looking to crash the other two), the banks as
the “new tobacco companies” and the accuracy of my call that banks are
choking on Bernanke’s ZIRP flavored medicine…
You just don’t hear this stuff in the mainstream, do ‘ya?
Related posts:
- JP
Morgan Purposely Downplayed Litigation Risk That Spiked 5,000% Last
Year & Is Still Severely Under Reserved By Over $4 Billion!!!
Shareholder Lawyers Should Be Scrambling Now Wednesday, March 2nd, 2011 - As
JP Morgan & Other Banks Legal Costs Spike, Many Should Ask If It
Was Not Obvious Years Ago That This Industry May Become The “New”
Tobacco Companies” - The Financial Times Vindicates BoomBustBlog’s Stance On Goldman Sachs – Once Again! Friday, January 14th, 2011
- Reggie Middleton On Max Keiser Discussing Tradable Fraud, Goldman’s Facebook Deal & Phantom Bank Earnings Tuesday, January 25th, 2011
- Is It Now Common Knowledge That Goldman’s Investment Advice Sucks??? Tuesday, January 25th, 2011
- Goldman Sachs Latest: Vindicates BoomBustBlog Research, Disappoints Sell Side Cheerleaders, Shows GS Is Just A Bank After All Wednesday, January 19th, 2011
- The
Anatomy Of The Record Bonus Pool As The Foregone Conclusion: We Plug
The Numbers From Goldman’s Facebook Fund Marketing Brochure Into Our
Models Thursday, January 6th, 2011 - There’s Something Fishy at the House of Morgan Wednesday, April 27th, 2011
- Reggie Middleton with Max Keiser on the Keiser Report Discussing Banks, Fraudclosure and Derivative Exposure Thursday, October 28th, 2010
- A Few Questions on Goldman Sachs 3rd Quarter 2010 Results That No One Thought to Ask Wednesday, October 27th, 2010
- Four Facts That BANG JP Morgan That You Just Won’t Hear From The Sell Side!!! Friday, October 22nd, 2010
- JP
Morgan’s 3rd Quarter Earnigns Analysis and a Chronological Reminder of
Just How Wrong Brand Name Banks, Analysts, CEOs & Pundits Can Be
When They Say XYZ Bank Can Never Go Out of Business!!! Sunday, October 17th, 2010
»
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Reggie is ''The Good''. http://www.youtube.com/watch?v=42UGvmEf820
Very good interview. I like to hear someone speaking the truth rather than the nonstop bullshit. Peace.
Max Keiser and his sidekick Stacy Herbert are networking through the financial media very persistently and cleverly. He's showing up all over the blogosphere (HuffPo, Infowars, Paul Craig Roberts, Karl Denninger, ZH and many more) pumping the JP Morgan-silver meme (note the word "pump" - yet another reason to dislike him). I see he's here with Reggie Middleton exchanging readership today (again, disappointing).
I appreciate his stance on bankster/fed corruption, copyright, and his apparent support for a metals standard but he's no fan of laissez-faire systems. He supports central planning of the banking sector. I guess he’s some kind of a neo-marxist. I publicly called him & Stacey out on his blog a long time ago to share their opinions on things like publicly funded health care and was pointedly ignored. I have read enough over the years to know he's in support of many things authoritarian and socialist, but he wants to build a large readership so I assume he avoids alienating certain audiences.
In a nutshell, imagine a Max Keiser and ZH Venn Diagram with a minute sliver of shared space. This is one hell of an unholy alliance. I've followed Max & Stacey for several years but I let go last fall. I hope I don't have to remove ZH from my feeder too. It is so disappointing to see him showing up here.
He is syndicated by RT. If you can't do the math, then don't play the game.
If you're not a sheep, you take everyone else's opinion with eyes wide open, and aware of their angles. Doesn't mean their ideas aren't useful. In other words; you're judging the game by how it compares to your own personal ideology. This is how you end up with gulags; you also mention removing his input because you don't agree with his ideology.
That is a 100% dead cert way to lose, and lose hard. Even the Family knows that rule.
I've been reading ZH almost as long as it's been in existence. I don't always agree with ZH contributors but I've not found anyone irritating like Max Keiser and Stacey Herbert. Bullshit on your reply. I think Max and Stacy are full of shit and I think people should be more aware of who they are and what they're up to.
You may have forgotten about Leo?
He is syndicated by RT.
Did I miss the memo that states no-one is aware of who RT is funded by? When I view Fox News I know the bias. When I view Al Jaheeza I know the bias. When I view The Telegraph [London] I know the bias. Hint: Factual Statistical Bias is dangerous - one hand clapping if its taken you this long to realise it.
"We are involved in an infomation war, and we are losing that war" -- Hilary Clinton.
Wake up, or get out of the game. If you've been reading since the start, you should damn well know the players already. Or do you believe that the recent revolutions were "spontaneous"? Sorry if Max isn't an Objectivist - but don't deny his play has been pretty damn effective.
Oh, and if you need the youth division, and the most main stream friendly version, try : http://www.youtube.com/watch?v=DdAVl1LvQL0
This is a rhizomatic infowar. If you can't keep up, I strongly suggest not playing - the stuff on the fringes will probably make your worldview crash n burn. What is it now? 70% odd of Americans who strongly doubt Darwin?
Newsflash: Evolution doesn't give a flying fuck if you believe in it or not, it is a passive force [abaption; adaption is human causality only]. What you have to look out for is the zero sum equations being drawn:
If X people > Y resources [USA 25% total] and resources <= 3 of usage then ....
The golden billion would be great if it had worked.
In Soviet system, best science ruined by politics [exterior - doing bad science to follow party line], best people ruined by greed / human failings [exterior - perceived threats liquidated], best ideology ruined by failings in sophistication [exterior psychology / economics].
In West, best science ruined by politics [Interior: profit > utility. Viagra etc], best people ruined by greed / human failings [interior - failure of morality / will. 33% obesity rates, etc], best ideology ruined by failings in sophistication [interior psychology / economics]
So yes. 21st Century. New rules are forthcoming. Faction of 0.1% has made their move - some of us hold onto the old coda, and hold dear the precepts. Will it end well? Doubtful - 2 billion current projected dead.
But hey, grab the popcorn, right?
Why commit suicide if the banks are hounding you???? Arrange a time with the bank to show up and drop off a check. A personal meeting will always yield the best results.
Whoever loses last wins? So, in order to win you have to come in last?
Can't we just hang'm all and b done already?
Max is still the best at telling it like it is.
Good job as usual, Reggie.
Go Reggie, go.
Reggie, I've always liked your analysis, but you'd do so much better if you'd drop the "remember, I was the first and original public Goldman Bear."
The second I read that, I flashed back to all of the other times you've made such comments, and Cake's song "Rock and Roll Lifestyle" jumps into my mind.
Let your analysis do the talking. Bragging does nothing but give you a shallow appearance, and diminishes anything else you try to say.
so it is, as it was with tobacco companies, American people parasited by lying bloated corporate types that buy congress/courts until even the ompletely corrupted state has to turn on them...who knows what where they will pop up after banks humbled, I'll let next generation get siphoned by that, in mean time, I will eagerly await Reggie being right in all matters
Excellent work Mr. Middleton, as usual. I really wish there was some way to get your thoughts out to more people, particularly US citizens. I myself have tried to explain until I'm blue in the face, but I just am not as articulate as you are, nor do I have your foresight. I wish you had a regular tv show on primetime tv....especially if it replaced Dancing with the Stars. Somehow, we HAVE to educate the public about what is going on. Looks like internet and Russian television are the best options for now. Great interview. Please, please, keep up the great work.
Reggie might be a tad bombastic at times, but please, in a style comparison to so many on CNBC, really?
It is the content of what Reggie says that keeps him off most MSM, but when he has been called in as token bear, he is much more reasonable and articulate than most they have on those shows.
Excellent work Mr. Middleton, as usual. I really wish there was some way to get your thoughts out to more people, particularly US citizens. I myself have tried to explain until I'm blue in the face, but I just am not as articulate as you are, nor do I have your foresight. I wish you had a regular tv show on primetime tv....especially if it replaced Dancing with the Stars. Somehow, we HAVE to educate the public about what is going on. Looks like internet and Russian television are the best options for now. Great interview. Please, please, keep up the great work.
Great job Reggie! I give credit where credit is due. You were spot on. But still completely disagree with your take on Apple.
Great job Reg. Man, this is going to get ugly.
Thanks Reggie for posting that. Your comments on the currencies is so common sense that I am surprised that I have no heard it explained as such before now.
“…I think the three powers are waiting for the other two to blow up…”
Really like that interview!
(Also appreciate that Keiser has the manners not to interrupt and interject while Reggie lays things out.)
Reggie and Max will both be on my radio show next week. I will be posting the podcasts on line:
http://coveringdelta.wordpress.com/2011/05/17/upcoming-guests-for-coveri...
Reggie, you are the best. Thanks
I like Reggie because he always publishes meticulous research to back up his opinions. Only thing I don't agree with in this interview is that the mortgagees will be suing the banks, because they are the banks. The mortgagors are the borrowers.
also glad reggie posts here
but those names can get mixed up a bit
Max Middleton or Keiser Reggie?
reggie, you are adorable and so nice to hear you speak the thruth. yes, you taught your children well, by this statement. if it l o-o k s too g o_o d to be true, then it probably is. we have a winner†
Very professional interview Mr. Middleton. While we all play our little part in attempted rebalancing toward growth and less losses, it is important to understand that words and framing of how to handle situations matter. You did a spectacular job.
As for Triumvate, American Sr. leadership and whale investors are vested in China and moving the Yuan forward as the reserve currency peg, its the finance capital new baby. The conflict of interest means the real losers are the American people. Mexican stand-off has not begun yet so I can't quite call it a currency war. The Central Bankers are coordinating global policy at this time during the race to the bottom. How many hundreds of billions of liquidity support from the Fed to the ECB?
There are some rifts between the three which will ultimately conclude this cycle of globalization with a literal bang. I do not wish such suffering, it just seems to still be the way our species operates in regards to competition and not screening out sociopaths that are drawn to power.
yes excellent interview ...except the discription of odourless shit didn't quite come across smoothly
'hidden debts/costs' would be better next time Reg'
EXCELLENT
Crapassdoublepost.
I can say with confidence, and I do not know Reggie personally or have any connections with him (other than being a long time reader), that Reggie has been one of the most accurate economic/market forecasters of anyone I've read, followed or tracked, for quite some time.
Reggie is the antidote to the Leo K and RoboMomoTrader that are given a platform on ZH. Reggie should be given a more permanent place on ZH in terms of being able to post articles that don't just appear at the top section and disappear into the ether within a day or two.
In fact, Reggie is notable because of his outstanding record, which is a rarity in an industry that is dreadful at having analysts with mediocre to good, let alone outstanding, records (of their calls).
Sort of OT, but regardless as to how any of you feel about The Economist, this cover story (and relevant article) in 2005 was so incredibly epic in its timing and correctness, that if you peruse it now, it is just all that much more amazing given what has transpired since:
House prices: After the fall | The EconomistHere here!
It is to the discredit and shame of Tyler and ZeroHedge that that Paul Krugman-clone-on-steroids, Leo Quislingasskiss, is inexplicably and undesevedly given a pulpit here to spew his shallow and regurgitated mainstream financial talking points and statist propaganda. It remains a mystery to me why leo is still allowed to post his filth on this site, given that it consistently runs 180 degrees contrary to everything that ZeroHedge stands for and upholds. It would be one thing if his arguments were thoughtful, cogent and nuanced in any way, but all we get from leo is the New York Times financial editorial page --- and if I wanted to read the New York Times editorial page, I already know where to find it.
Reggie if everying is so bad what assets should people be moving to?
dub post
shorting assets
china and the eu fail
.
Reggie wins
china and the eu fail
.
Reggie wins
Entertaining and insightful stuff Reggie - thanks. Keep us posted !
(sent from my ipad)
Reggie, as always, enjoyed your analysis. Thanks
ditto to that - brilliant.
The blog is definitely worth a bookmark; hyperbolic style though.
As an aside, Reggie - please, please, please make your tie knot about 15-20% bigger. Too small knot (on RT & ING presentation) for you!
Yes, this has been bothering me.
Full Windsor is the preferred knot among the financial elite.
It looks a lot more like a half-Windsor to me.
Always hated ties --- pretentious affectation is all they are --- but if one MUST wear one, at least go all the way, and avoid the skinny, asymmetrical, sloppy look of the half-Windsor!
As it separates the men from the boys.
throw a sock in your pants too Reggie! maybe two! right? and if you could.. go a lil more heavy on the light make up.. think Micheal before he went all the way white.. that way you dont scare the white people.. we want you to look and smell a certain way so that you will be more palatable.. within the banker community...
Oops! no we dont! we want to hang them and let you and Tyler and maybe Max.. can have the Banks! to straighten them out!
Fuck fitting in! You Rock! Reggie! Be YOU! Man!!! Fuck the Banks!!
Wait... So wearing suits is WHITEY ONLY territory?
I'm guessing you've not done business in Africa for about 30 years then*. Or noticed you're about 100 years out of date for the US.
http://en.wikipedia.org/wiki/Hiram_Rhodes_Revels
[Has picture for the slower readers such as yourself - I'd advise going there, you might learn something about "the brothers and suits".]
The tie issue is simply style; his intellect is impressive, the tie knot off-putting. A simple nudge, will aid his public speaking presentation in style points. Minor, but effective.
*Before you go near the whole 'corrupt politicos copying Western ideals / styles'... has a grain of truth to it, but please: http://en.wikipedia.org/wiki/History_of_suits . Or try http://en.wikipedia.org/wiki/Nehru_jacket
I believe Hiram is my cousin, believe it or not.
The man knew how to wear a suit; the pocket-watch detailing is just perfect. Chosen for his sartorial elegance and political stance: in the era he lived in, he also presented his ideals on his own terms, and was respected for it as a realist centrist (even if the slack-jawed yokels wouldn't accept it for another 96 years. Jesus wept).
When talking about the spaghetti standoff, I tip my hat to a man who publicly sides against the Squids, even if it is on FSB's time, and others have drawn the line. Max has a good stylist behind the scenes (his knot is just spot-on), I'm hoping you do too.
Anyhow... thank you for your critical thinking, and personal touch answering this. Illuminating & insightful as they say, although another slight critique (sorry) - when your site is book marked, you've not set parameters so it is default labeled "Front Page". Set the branding accurately; these small touches count (until it all doesn't count).
Great Job as Always Reggie! I have been tweeting you cause I Luv Ya! I hope all is well with you and yours now as always!
Monsanto and its GM Patents for Genetically Altered Organisms! http://goo.gl/ks6qy You should read / watch this! Because you eat it!
Genetically Modified Organisms cotton linked to livestock / Plain Version it kills cattle which means it KILLS YOU! http://goo.gl/Uimcv
http://goo.gl/dyJv3 short cut link to Monsanto and Genetically Engineered Seeds which they now Patent! Bad news is that the GE stuff they make seems to kill cattle.. which means it would probably kill or at least make humans sick! Oops!
The largest owners of SIV’s and outright shares of parent companies are all the names you know and love starting with Rothchild. Who did push into (BRIC’s, before they had a kool name / front running all of you BRIC LOVERS!) in South America. Google is your friend, pictures and his speech are widely available on the interwebs!
Monsanto Technology Stewardship Agreement Legal OpinionLaw offices of Anthony G. Patchett
PO Box 5232
Glendale, CA 91221
Email: mrenvirlaw@sbcglobal.net This e-mail address is being protected from spambots. You need JavaScript enabled to view it
February 19, 2011
G. EDWARD GRIFFIN
RE: REVIEW OF MONSANTO'S TECHNOLOGY STEWARDSHIP AGREEMENT
My opinion of this agreement is limited my knowledge of contract law.
I retired in '96 as the assistant Head Deputy District Attorney, Los Angeles County Environmental Crimes/ OSHA division.
Since retirement, I have spent most of my time in the environmental arena as an advocate for plaintiffs. I believe in a level playing field for all parties.
A simple reading of this agreement is an example of of a contract of adhesion, a type of contract between two parties to do a certain thing, in which one side (Monsanto) has all the bargaining power and uses it to write the contract primarily to their advantage.
This agreement offers to the "Growers" a "take it or leave it" basis without giving the Growers realistic opportunities to negotiate terms that would benefit and protect the growers' interests.
There is nothing unenforceable or even wrong about adhesion contracts. In fact, most businesses would never conclude their volume of transactions if it were necessary to negotiate all terms.
However, this contract appears to be "Unconscionable". It appears so unfair to the Growers that there is no meeting of the minds to the "Stewardship Agreement".
The language: "In no event shall Monsanto or any seller be liable for any incidental, consequential, special or punitive damages" limits and restricts the ability to sue for any damages. There is no "hold harmless" clause contained in the agreement to benefit the growers.
Monsanto's agreement shifts all liability to the growers, including contamination issues or any potential future liability. All the grower receives is the price of the seeds.
Some studies of genetically engineered seeds appear to show a connection to obesity, now considered a homeland security issue.
When proven, juries have often awarded and courts approved punitive damages up to 9 times the amount of general damages.
Anthony Patchett
Attorney at Law
http://morphcity.com/solutions/95-monsanto-technology-stewardship-agreement-legal-opinion
and just for fun!
What can a Healthy Diet do for you? You would be surprised! If it sounds silly watch for 5 minutes! http://video.google.com/videoplay?docid=2963728494205235281#