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Max Keiser Interviews Jim Rogers: Banks! Bailouts! Scandal!PDFPrintE-mail
Tuesday, 18 May 2010 11:00 | Written by Tarek Saab

Classic Keiser (& Herbert) in the video below. Around the 2:45 mark they discuss the completely unconscionable Icelandic bank shareholders who used their banks as a means of lending to themselves, increasing debt to 12 times that of GDP prior to the banking collapse, leaving the Icelandic people to pick up the pieces. They also discuss the statistically impossible returns of the four big Wall Street banks that each finished the quarter without a single daily loss. These banks extorted taxpayer bailout money from Washington at 0% interest, only to turn around and buy government bonds at 3.8% instead of injecting the (fiat) stimulus money into the economy. American citizens pay the price and then pay again. The level of corruption has acended to heights even the mafia could never imagine.

The Jim Rogers interview is also good.

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Last Updated on Monday, 07 June 2010 20:42
 

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