Max Keiser : 'US set to witness reverse capitalism' - Press TV News Analysis

[stockholmer]

Run time: 22:23 https://www.youtube.com/watch?v=m-vwfXbhLzo   Posted on YouTube: October 03, 2011 By YouTube Member: presstvmobile Views on YouTube: 20   Posted on DU: October 03, 2011 By DU Member: stockholmer Views on DU: 1206

 
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Keiser: No, not surprised. This started 20 years ago when the global banking system began to work together to float all manner of derivative products and other ways to confiscate wealth from the majority – and now 20 years later – and with the proliferation of those confiscating banking products and fraud, the world is rising up against the banker occupation, whether it is the Wall Street occupation or Tunis or Cairo or Madison Wisconsin or Athens. The world is pushing back against the global banking system that is set up to confiscate wealth as we predicted on your show a few months ago.

Press TV: How much of this do you think the average person in the United States that is on the streets in New York or San Francisco, is connecting these dots? You talked about this global connection as far as what has been done to the global economies. Do you think that the average people are more looking at their own pockets or have they been able to make that connection? Because we know also that the media, especially in the United States is definitely not helping to educate the people in dealing with the reality behind the economy?

Keiser: Somebody who is definitely making the connection is Jamie Dimon, the CEO of J.P. Morgan, who last week gave USD 4.6 million to the New York Police Department to beef up police presence on the streets and to crack heads and to violently oppress protesters. So, Jamie Dimon is obviously quite nervous if he feels he has to hire more cops to protect him and his bankers. The same thing is true with Goldman Sachs. They beefed up their security. The people on the street know who the folks that are impoverishing them are. Around the world, they are beginning to touch a tipping point, especially using global technologies, social networking technologies. The economies of scale for the protesters will kick in and we will start to see a global push ack using some innovative ways to decapitalize — that is to say bankrupt — the worst offenders in the banking and corporate sector and I expect that to happen in the next few months.

Press TV: If you were someone, who were basically giving advice to the leaders of this movement, what would you say should be the main demands they should be making?

Keiser: My advice to the leaders of this movement and to the movements all over the world is that they should look at the campaign form a couple of years ago called “Stop Huntington Animal Cruelty.” This was a campaign against Huntington Life Sciences, where the campaigners targeted the stock price of Huntington Life Sciences and drove the stock price down to zero. The company had to close and shut in the UK and run to America, where they got some safe harbor for their animal cruelty. This is the best way to stop these types of banker terrorists. You need to target their stock price and you need to try to drive it down to near zero, and with the global movement taking shape, there is a way to effect this change in the stock price down to zero. And you get a new balance of power. Power will shift. With reverse capitalism, the fund managers and the hedge fund managers are with the protesters, because they are the ones dictating the price discovery and this is the beauty of a new reverse capitalism. I would not say this is anti-capitalism, this is about reverse capitalism. This is about taking the tools of capitalism, putting them into the hands of the people, creating new price discovery and repricing these assets around the world and forcing the banker terrorists out of the system and sharing the wealth with those who are part of the world community.

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[DeSwiss]

1. We know it's connected.

WE'RE ALL CONNECTED.

- That's what scares the rich........

K&R

[JDPriestly]

2. The commentators, especially the British speaker, have not been

paying attention. The first concern of the protestors is political: getting corporate money out of our government, out of our elections and returning the political power to people -- meaning real people and not corporate entities. That is the main thrust of the effort.

You have to live in the US, I think, to understand why that is an issue. It's because of the Citizens United decision that awoke the public to the fact that wealthy people via their corporations can, with their money, influence not only elections but the details of the legislation that the politicians whom the corporations buy to represent their interests not ours, pass.

So the main problem in the US, the spring from which all of the other problems arise is the corporate corruption in our politics.

And Romney is the perfect corporate candidate -- unattractive but slick as as a popsicle on a hot summer day, corrupt and looking to take advantage, greasy smile and willing to stab the American workers in the back at the first financially lucrative opportunity.

Obama is not much better.

Obama is not the topic of conversation much because he has caught himself in a crevice between the political debts he owes Wall Street and the demands of voters. The demands Wall Street is making in exchange for their money and support conflict with the demands the voters are making for jobs and Social Security and protection for pensions and relief from debt and student loans in particular.

The only strategy that I can see for Obama is just to shut up and let the world float past him as he looks down into the abyss below. Without a lot of luck, the crevice will open up to swallow him as soon as one or the other of the two sides of the crevice (Wall Street or the voters) holding him in place gives way. I imagine that right now, Obama is praying a lot and looking for something below him that he can grab to slow down or stop the freefall when it starts.

He has placed himself in this precarious position. It seems far-fetched, but there is a possibility that a leader could emerge from this Occupy Wall Street movement who will become a serious challenge to both Obama and the Republicans.

Van Jones is a possibility, but there are a number of other ones. My darker self says that is too much to hope for, but that child insider of me that wants so much to have hope says just maybe although it is unlikely.