Keiser Report: Speculators Win Again (E204)

[stockholmer]

Run time: 25:59 https://www.youtube.com/watch?v=fiIiMSrRqDE   Posted on YouTube: November 01, 2011 By YouTube Member: RussiaToday Views on YouTube: 301   Posted on DU: November 01, 2011 By DU Member: stockholmer Views on DU: 1017

 
This week Max Keiser and co-host, Stacy Herbert, look at bank stocks ablaze and a Grecian vortex. They also discuss speculators responding to falling prices by smashing showrooms in Shanghai and holding Congress hostage in America. In the second half of the show, Max Keiser interviews Leah McGrath Goodman about Occupy Wall Street, the Koch Brothers and oil derivatives and the new market in water derivatives.



http://leahmcgrathgoodman.com/

[dixiegrrrrl]

1. I am getting addicted to this show.

[Marazinia]

2. That's 25 minutes and 58 seconds worth of nightmares right there

The Koch brothers are some scary guys http://www.bloomberg.com/news/2011-10-02/koch-brothers-flout-law-getting-richer-with-secret-iran-sales.html

Then of course there's the lovely talk of privatizing water. As though speculators needed something else to make money off of.

[JDPriestly]

3. Very interesting.

Thanks, Max, for pointing out that in the US we have one justice system for the poor -- that doles out unbelievably harsh sentences (especially for young offenders) and another for the rich -- that imposes fines and light sentences in all but the most egregious cases.

Spend a morning in the City of Compton, California arraignment court if you want to know what is really going on in the world.

There is one courtroom in Compton in which the defendants sit in a cage. When I visited, defendants were calling out curses as well as greetings to loved ones through the bars. It was a terribly degrading way to treat any human being, prisoner or not. Why not just make them crawl like animals?

California's Water Code

102. All water within the State is the property of the people of
the State, but the right to the use of water may be acquired by
appropriation in the manner provided by law.



103. In the enactment of this code the Legislature does not intend
thereby to effect any change in the law relating to water rights.



104. It is hereby declared that the people of the State have a
paramount interest in the use of all the water of the State and that
the State shall determine what water of the State, surface and
underground, can be converted to public use or controlled for public
protection.



105. It is hereby declared that the protection of the public
interest in the development of the water resources of the State is of
vital concern to the people of the State and that the State shall
determine in what way the water of the State, both surface and
underground, should be developed for the greatest public benefit.




106. It is hereby declared to be the established policy of this
State that the use of water for domestic purposes is the highest use
of water and that the next highest use is for irrigation.


http://www.leginfo.ca.gov/cgi-bin/displaycode?section=wat&group=00001-01000&file=100-112

Of course, California has very little water. California respects riparian water rights, but asserts the ownership of the water by the people of the state.