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National - Event Notice Thursday January 01 1970 Max Keiser in Dublin on Wednesday 13th of April
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consumer issues |
event notice
Tuesday April 12, 2011 10:28 by Pierce Farrell
Keiser is the founder of the hedge fund Karmabanque which seeks to profit from any decline in equity-value of companies that are susceptible to boycott from environmental groups. Karmabanque's progress was followed monthly in the Ecologist Magazine. Its targets include Coca-Cola, McDonald's and Ryanair. The Karmabanque hedge fund project was designed to simultaneously short-sell companies while funnelling profits from this activity into environmental and ethical-business pressure groups which further act to drive down the price. Describing the project, Keiser states "The Internet allows people, activists, from all over the world to gather, or swarm, and hit a company where it hurts most -- in their stock price." Caption: Video Id: bjNUYvDK99E&featu Type: Youtube Video |
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Jump To Comment: 1 2 3 4 5 6Max Keiser also has a regular program on the Russia Today TV news channel and he regularly does hard hitting stories into the ongoing financial crisis and he quite rightly refers to those responsible as financial terrorists
His other achievements as alluded to above are his ongoing activistism in the financial sphere and I think he has been quoted as saying we need to step into the financial world to meet these guys as that is where it is happening and where the power lies and he certainly has a point because without any real understanding or engagement, activists can have very little influence
I expect this event would be well worth attending especially for those who may not be so familiar with him.
max keiser on vincent browne tonight
strap in!
Put in a nutshell, it appears that Max Keiser believes, quite correctly in my view, that:
"Derivatives" equals "Weapons of mass financial destruction"
The video can be viewed at the following www location: http://www.youtube.com/watch?v=-Bznaoxt7OI
Max's portfolio of uncanny predictions and empowering analytical insights include...
The man is a soothsaying sensation, though it's not immediately clear if he is simply a brilliant analyst, gifted with superhuman psychic abilities, or whether the Universe actually submissively conforms to His Will
Keiser's plan was simplicity itself. JP Morgan has (allegedly) been driving the price of silver down by selling billions of dollars of silver it didn't actually possess. If enough people were to call JP Morgan's bluff, buy physical silver and drive the price up, JP Morgan's positions would collapse and the price of silver would skyrocket - destroying an evil bank and enriching those who killed it in the same act
A brilliant plan. Of course, if JP Morgan were to ever implode the resulting costs and losses (plus a dollop extra) would simply be assumed in all our names by government. But, nevertheless, a really, really brilliant plan
So, how's it doing? How much money have the legions of junior league silver bugs who have followed Max's call to 'Buy Silver, Crash JP Morgan' made so far?
-10.48%
The Oracle Max Keiser is still truly at the peak of his powers
you deliberately misrepresent
this silver campaign has been on the go for a while now
those that took max's advice from early on have profited quite substantially
silver has gained a huge amount in the last six months
I agree with him that the only way to take on these financial terrorists is by playing them at their own game and hitting them where it hurts: their stock price
this new financial activism is much more worrying to these guys than a bunch of paddies marching around with signs and being kicked in the balls or threatened with rape by the(ir) gardai.
Don't take my word for it.
here's a thread on P.ie that proves the point about silver I think
http://www.politics.ie/economy/143352-jp-morgan-buy-1oz....html
Allowing for your comments, I feel readers need to be made aware that the "weapons of financial mass destruction" tag for "derivatives" originated -- years ago apparently -- from Warren Buffet, who is widely regarded as one of the most successful investors in the world; and, that Max Keiser was simply quoting Warren Buffet on yesterday's TV3 debate with Vincent Browne.
"Some derivatives contracts, Mr Buffett says, appear to have been devised by madmen".
"The profits and losses from derivates deals are booked straight away, even though no actual money changes hand. In many cases the real costs hit companies only many years later."
"In his letter Mr Buffett compares the derivatives business to 'hell... easy to enter and almost impossible to exit', and predicts that it will take years to unwind the complex deals struck by its subsidiary General Re Securities."
All three of the above excerpts have been copied from a BBC report on Warren Buffet's deeply held and frightening concerns of long standing relating to "derivatives" dated March 4th 2003, which can be viewed at http://news.bbc.co.uk/2/hi/2817995.stm