Kieser Videos

Stacy Summary:  From Janet Tavakoli.  Great piece. Warren Buffett, Stop Using My Credit Card! [PDF] On October 25, 2009,  when BBC’s Evan Davis interviewed him, Buffett surprised me :  Click here to view the eight minute video.  It started out so well, but after six minutes the interview went sideways.  [Not shown in this clip Buffett said his $5 billion investment in Goldman Sachs’ preferred stock (plus free warrants) last year was, in part, a bet on a US government bailout.1 He thought the U.S. taxpayer got a good deal, but we got a worse deal than Buffett negotiated, and as I explain here, I feel taxpayers got chump change.] @ 3:14 min: Buffett explains that if there were only 50 people on a fertile island, we wouldn’t take the five smartest people out of the 50 and give them the most money and tax breaks for trading rice futures and speculating:  “Hell no! We’d get everybody producing rice.  The idea that people that move money around are some favored class—and they are in this country, even in terms of taxes—strikes me as getting pretty far away from where we should be.” @ 6:00 minutes: Buffett claims shareholder losses obviated moral hazard.  Not true.  In control frauds (first identified by William K. Black), financial institutions are destroyed, and shareholders lose.  Only the agents: CEOs, CFOs, and highly paid employees are enriched.  Unlike Buffett, these agents are “stewards,” not major owners.  Moral hazard remains an intractable problem. @ 6:25 minutes:  Buffett claims taxpayers have not bailed out anybody, because tax rates have not gone up (yet), and “tax receipts are way down this year.”  Chinese and Japanese buying U.S. government bonds have bailed out financial institutions.  Not true unless we default or destructively print inflationary dollars. Tax receipts are down because of unemployment.  U.S. taxpayer credit bailed out financial institutions, and we will have to pay back our debts. Imagine this scenario: Warren grabs my credit card and charges twelve suits.  When I object that I don’t want to bail out his wardrobe, he chuckles and says, don’t worry, you haven’t paid anything yet.  The bank that issued the credit card bailed out my wardrobe, and it hasn’t even had time to charge you interest on my purchase. When I protest that I’ll have to eventually pay off both the balance and accrued interest, he tries flattery.  You are so productive that by the time you have to pay this off, you’ll have so much more wealth that you won’t even notice these charges.  You’ve always been good for it before, and you’ll figure out how to pay! Don’t fall for it.

Stacy Summary:  The Truth About Markets, London Download show here

Stacy Summary: In case you missed it, here is Max on Thom Hartmann Show. Download it here For more download & listening options visit Archive dot org

Stacy Summary:  Truth About Markets, Christchurch, 18 November 2009 Download show here For more download & listening options, visit Archive dot org

Stacy Summary: The Truth About Markets,  14 November 2009, Resonance FM. Download show here For more download & listening options visit Archive dot org

Stacy Summary: A possible new weekly show just for MaxKeiser.com Download show here For more download and listening options, visit Archive dot org

Stacy Summary: Truth About Markets, New Zealand.   November 11, 2009 Download show here For more download & listening options, visit Archive dot org

Stacy Summary: The Truth About Markets, Resonance 104.4 FM. Download show here For more download & listening options, visit Archive dot org

Stacy Summary:  Max & Stacy, The Truth About Markets, RDU, Christchurch Download show here For more listening options, visit Archive dot org

Stacy Summary:  Max has been on Five Live for the past twenty minutes.  It was only supposed to be five minutes and they are keeping him on longer now if you want to tune in. Will try to get the audio up later. Here it is (I didn t get the very opening bit yet) . . Download here for Max on Five Live

Stacy Summary: Max and Stacy, The Truth About Markets, London, Resonance FM. Download show here More download and listening options at Archive dot org

Stacy Summary:  Yeeha, I have my Macbook back.  So, alas, I have been able to upload the Truth About Markets. Download show here For more download and listening options, visit Archive dot org

Stacy Summary: The Truth About Markets, Resonance FM Download show here For more download & listening options, visit Archive dot org

Stacy Summary:   The truth in New Zealand. Download show here For more download and listening options, visit Archive dot org here

Stacy Summary:  For your Saturday night enjoyment! Download show here For more download and listening options, visit Archive dot org here

Stacy Summary: The Truth About Markets . . . New Zealand. Download show here For more download and listening options, visit Archive dot org

Stacy Summary: Some updates for you on Pirate Myfilm.  A bug has been fixed that was preventing some from reserving all of 10 copies in each of their ten projects.  We have a new project I have listed below and the director of another has created a promo reel.  New site design updates are coming soon including comment and blog capabilities.  In the meantime . . . Where s Kenny Boy? at 76% funding; getting closer to Paraguay!! 2090 The Director s Cut Just listed, so zero percent funded; it has a great logline:  A Battle Rages In The Future To Erase the past Zontar: The Thing from Venus Here is the director s blog summary on the project. And here is promo reel! Zontar: The Thing From Venus: Rough clip from scottbateman on Vimeo.

Stacy Summary:  The Truth About Markets, New Zealand. Download show here For more download and listening options visit Archive dot org

Stacy Summary:  More content for you!   The Truth About Markets, Resonance 104.4 FM. Download show here For more download and listening options, visit Archive dot org