Ireland Covered By Popular Max Keiser RT Show

by Des - None Fri Nov 05, 2010 22:07

I saw the programme, can u imagine it on RTE? A 'Prime Time Special'

by V for vendetta Sun Nov 07, 2010 03:16

Irish bond yields climb despite bank bailouts and austerity measures on the poor. So what good is it actually doing?? And shouldn't we stop now since there is no evidence that it's done any good for our borrowing prospects and interest rates but lots of evidence that it will do great harm to our society? Might as well just tax the rich now!! :-)

http://www.businessinsider.com/irish-yields-are-explodi...er%29

by Marcus McSpartacus Sun Nov 07, 2010 18:22

Of particular Irish interest:

Timestamps: 6:40-10:30: Max Keiser and Stacy Herbert on Irish austerity and "fake sheriffs, fake authorities"
Timestamps 12:25-25:30: Max Kaiser with David McWilliams

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Extract transcribed from part One:

[#snip# @ 6:40]

[Stacy Herbert]: Well, to go further on these European austerity measures, the debt crisis, and the bond holders who refuse to go away [reading Bloomberg headline and story *]: 'Ireland Greece Debt Woes Reverse Sovereign Default Swaps Rally'. So, 'swaps on Ireland's soared to 474 basis points from 428 as recently as October 22nd as the government became locked in a standoff with Anglo Irish Bank note-holders over who should bear the cost of rescuing the nationalised lender' - now remember this isn't a lender who was lending to the citizens of Ireland; it was a lender who was lending to these big corporations - bondholders include Goldman Sachs, whose Chairman in Europe is Peter Sutherland who was former Attorney General of Ireland, who has been visiting Brian Lenihan - the Finance Minister of Ireland. So these bondholders are able to go directly to the government and say, you know - basically we don't know what they're saying behind closed doors, really;

[* http://www.bloomberg.com/news/2010-10-29/ireland-greece....html ]

[Max Keiser]: Now if only Bobby Sands had opened a bank... [laughs]... the IRA would have been a lot more successful! Like Anglo Irish Bank - they would've been more successful shaking down these governments had they opened a bank... so these Irish banking terrorists, there is a pot of gold at the end of their rainbow; but everyone else in Ireland is getting beat upside the head with a shillelagh stick of debt. What are these austerity programmes that they're imposing on these poor Irish people, for what? So - who is the guy who runs this bank? Do we have some names here - who is Seán Fitzpatrick? I know he's involved in one of these - one of these financial Irish terrorist schemes. How come he's not in The Maze? Right next to the cell where Bobby Sands sat? How come these bankers from Ireland are not in The Maze?! Suffering through... untoward punishment from the state for being financial terrorists - those shillelagh-stick-wielding, nightmarish green goblins? Why?!

[Stacy Herbert]: Well the article goes on: it says that Alan Dukes, the Chairman of the bank...

[Max Keiser]: ...Hmm...

[Stacy Herbert]: ...says he wouldn't negotiate with creditors who pledged to block a proposed debt exchange, that will impose almost two billion of -

[Note: The previous sentence in the Bloomberg story referenced, very easily reads as "...the government became locked in a standoff with Anglo Irish Bank Corp. ..." and at this stage Keiser probably jumps in too quickly - understandably confusing Fitzpatrick's with Duke's role (or assuming "creditors" to refer to the Irish State's and taxpayers' guarantee rather than bondholders were/are strong-arming the state/Lenihan). The following points should thus be read as: the bankers/bondholders as "suicide bankers", and the government and outside institutions as "fake sheriffs"]

[Max Keiser]: Yeah, yeah, what's his leverage? What d'you mean he won't negotiate? What d'you mean? [Points finger at head like gun] I'm not gonna negotiate I'm gonna blow up you're economy! [Makes gun noise] Yeah that's good - he's a suicide banker, how come they're not in jail? How come they're not being - they're not in The Maze?!

[Stacy Herbert]: Well the reality is Max, as we've been talking about for the previous few minutes, is that, this guy's leverage is he has a fake judge, and a fake sheriff, who has held up the population - who has convinced the population of Ireland that they're the ones that have to hand over their assets to pay off these other guys debts. He has, a fake sheriff -

[Max Keiser]: - that's right -

[Stacy Herbert]: - on his side.

[Max Keiser]: That's right, they have no authority. His sheriff has no authority whatsoever to impost these austerity measures...

[Stacy Herbert]: That's it yes -

[Max Keiser]: So why are the Irish people submitting to a fake authority? Question authority! Q. A. - Question Authority. Forget about Q. E. - Quantitative Easing - think about Q. A.: Question Authority! They've got no authority to impose those austerity measures on you Irish people! Don't you understand that? It's "back to the potatoes" for you my friends.
[Stacy Herbert]: Well and of course the difference between... this national situation for Ireland, and what happened in Erie, Pennsylvania, is mid-term elections in the US. So the Attorney General of Pennsylvania is now running - now running for Governor, so he's, he's obviously up for election and is then, thus pursuing the fake sheriff and fake judge. But with the case of Ireland [or e.g. Greece], there's unelected officials, and - nobody elects the IMF [or EU officials - also referred to in McWilliam's interview], they are not subject to these votes.

[Max Keiser]: Well there's a big protest coming in Ireland - I believe in December, early part of December, there's a big march on - what do they call it, the Dáil? The Doy-ale?

[Stacy Herbert]: The Dáil.

[Max Keiser]: The Dáil?

[Stacy Herbert]: The Parliament.

[Max Keiser]: It sounds like "The Dole". Is that supposed to be on purpose?

[#snip# @ 10:30]

The Irish Pyramid of Crony Capitalism

by Rubex Mon Nov 08, 2010 09:43

What a stupid programme.....why would Sean Fitzpatrick be put in the Maize prison in Northern Ireland, a different country and a different legal jurisdiction

by NoSenseOfHumour Mon Nov 08, 2010 11:48

Rubex, you have no sense of humour! max was just joking around. The Irish prisoner and prison that is most widely known about worldwide is bobby sands and the maze prison. Max goes out worldwide so naturally he used the most well known names when joking about which prison seanie fitz should go to.

And that prison IS in Ireland. And knowing how things work in this corrupt country, by the time seanie fitz goes to prison, hell will have frozen over, pigs will fly and the prison WILL be in this jurisdiction because it will probably be a 32 county republic!!! :-)

However you are missing the point. The program is mainly about finance not about knowing which prison is located where. I think he is more often than not correct about that and many of his market predictions have come to pass.