Banking system crisis-On the Edge with Max Keiser-01-06-2012

In this edition of the show Max interviews Paul Craig Roberts, Economist &Author.

He talks about the rampant and increasingly blatant banking frauds in the US and around the world. Paul Craig Roberts is an economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.
http://www.youtube.com/watch?v=zUiLTdjWlI0&feature=player_embedded

Paul Craig Roberts (born April 3, 1939) is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.[1] He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.
http://en.wikipedia.org/wiki/Paul_Craig_Roberts

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.
http://www.shadowstats.com/

MF Global: 'Stealth Finance'

The Commodity Futures Trading Commission voted unanimously to adopt what's now called, the MF Global Rule. And the timing and naming couldn't be more fitting now with the recent bankruptcy of the brokerage firm, MF Global, which is now missing about $1.2 billion in customer money. William Black, former Federal banking regulator and Associate Professor of Law and Economics at the University of Missouri-Kansas City joins the show.

http://www.youtube.com/watch?v=veYv2aDwitQ&feature=related

William Black tells the real truth
http://www.youtube.com/watch?v=as5Xq4_TDos&feature=related

Kyle Bass On Rehypothecation And Other Keynesian Endgame Scenarios

I do thing Mr Bass is right on the money in most of his basic assumtions and analysis. However why does he only look at official debt when you get an entierly different picture when including also off balance sheet debt and how can he argue US banks already have taken the hit writing off their debt?

Instead isen't the US large banks, or in fact all the large anglo-saxon banks for that matter, situation very much worse of when you also take in to account what in lay mans terms is reffered to as the shaddow banking system? Or how about the totally unregulated and extensively leveraged in excess of$ 600 trillion derivatives market and considering that e.g. JP Morgan only is claimed to sit on some 40% of all the derivateives in the US?

Needless to say with a gray market that size with no oversight, levereged up to in some cases well over 200 times only what in fact may be very minute negative positions can blow up all the worlds largest banks in the blink of an eye.

The only thing that has been able to hold these markets up, and in fact the ww derivatives market has grown since 2008, has been the ability to create new debt creation via the central banks and extensive money printing. With now debt saturation becoming the real, ultimate and definitive showstoper not only in the private sector but for sure also in therms of goverment debt thats a now a ponzi scheme about to stop.

Bottom line when Greece defaults not only French and German banks will fail but for sure also JP Morgan as well as HSBC will become history..Question is what will happen to the sovergin states like Germany, UK and the US. Who will be hiot the most and who will be able to get out on top?

Today it seems as anybodys guess but myselfI'n more inclined to beleive the paper based anglo saxon banks and states will find themselves in more dire strates that what may be the case for Germanic svear..

http://www.zerohedge.com/news/kyle-bass-rehypothecation-and-other-keynesian-endgame-scenarios

Hedge Fund manager Kyle Bass lays out the European disaster

Bass has made sharp and keen analysis going back before the Housing bubble, and is now betting against Germany and Japan as the next to potentially default on their debt.

http://www.youtube.com/watch?feature=player_embedded&v=K-F_QF1XTXI#!

Debt Sustainability: Which Countries Are Beyond the Point of Return and Why?

The 2011 University of Virginia Investing Conference was held November 10th & 11th at the Darden School of Business. This year's theme was "The Political Cycle, Political Change and Investing.In this video, Kyle Bass, Managing Partner of Hayman Capital Management LP, is interviewed by Darden Professor Ken Eades.Kyle spoke at the conference on "Debt Sustainability: Which Countries Are Beyond the Point of Return and Why".
http://www.youtube.com/watch?v=-quUyId2WZ0

Gerald Celente on France 24 - 30 December 2011

http://www.youtube.com/watch?v=AKWKXnuKPak&feature=player_embedded#!

War With Iran By George Galloway

http://www.youtube.com/watch?v=av0Dw2t9znc&feature=related

Exposing American Banks' Multi-Trillion Umbilical Cord With Europe

Yet while CNBC's surprise at this finding is to be expected, one person whom we did not expect to be caught offguard by this was one of the only economists out there worth listening to: Ken Rogoff. Here is what he said:

"Shin’s paper has orders of magnitude that I didn’t know"...Rogoff said it’s hard to calculate the impact that the unfolding European banking crisis could have on the United States. “If we saw a meltdown, it’s hard to be too hyperbolic about how grave the effects would be” he said.

Actually not that hard - complete collapse sounds about right. Which is why the central banks will never let Europe fail - first they will print, then they will print, and lastly they will print some more.

But we all knew that. Although the take home is the finally the talking heads who claim that financial decoupling is here will shut up once and for all.
http://www.zerohedge.com/news/exposing-american-banks-multi-trillion-umbilical-cord-europe