Max Keiser: Chavez’ request for his gold could mean collapse for JP Morgan

JP Morgan Chase Tower, image by Krzykol*

Ever since the news broke out about current President of Venezuela, Hugo Chavez, who wanted to have 211 tonnes of gold transported back to Caracas, the news have been covering this and wondered how he was going to do that. This amount of gold is worth over US $12 billion. Finance Minister Jorge Giordani said that the weakening US dollar, a near-default by the US government and the European sovereign debt crisis has been threatening Venezuela’s savings and they will be more secure at home.

Max Keiser and Stacy Herbert, on the Keiser Report, are talking about how Chavez request for his gold could mean collapse for JP Morgan.

Here is the short (1.23 min) video. You can also watch the full Keiser Report E175. This week Max Keiser and co-host, Stacy Herbert, notice that looking back is not an option when all the evidence is destroyed by the SEC and Max tries to explain the gold / Treasury conundrum. In the second half of the show Max talks to Catherine Austin Fitts about exponential fraud and the financial coup d’état.

For those of you who do not know yet Max Keiser, here is some information on his career, taken from Wikipedia’s page

Max Keiser (born January 23, 1960) is an American broadcaster, film-maker, and former equities broker. He also hosts Keiser Report, a financial program broadcast on RT – formerly Russia Today.[2]

Keiser formerly hosted The Oracle with Max Keiser on BBC World News. Previously he produced and appeared regularly in the TV series People & Power on the Al-Jazeera English network. He also presents a weekly show about finance and markets on London’s Resonance FM, as well as writing for The Huffington Post.[4]

In addition to his broadcasting work, Keiser is known for his invention of “Virtual Specialist Technology” – a software system used by the Hollywood Stock Exchange.

Keiser has been involved with markets and finance for 25 years. He started his career as a stock broker on Wall Street after graduating from New York University.

On The Edge

A weekly financial commentary show which started in 2009 and is broadcast on Press TV, with weekly appearances by financial commentator Stacy Herbert and featuring interviews with well known alternative economists.[19]

The Keiser Report

Since September 2009, Keiser has hosted The Keiser Report with financial news and analysis, on the RT network. The 30-minute program is produced twice a week. Stacy Herbert appears in the first half of each show with headlines and commentary. In the second half Max Keiser interviews a guest.[20]

His appearances are remarkable for the often incendiary nature of his remarks.

Predictions

Throughout Keiser’s shows he has been known for making predictions:

  • In the September 2004 issue of The Ecologist magazine, Keiser correctly predicted the 2008 collapse of Fannie Mae and Freddie Mac [23]
  • In 2006 he correctly predicted that sub-prime mortgage-backed securities would be the cause of recession by 2008.[18][dead link][citation needed]
  • In 2007 he correctly predicted the break-down of Iceland’s economy in 2008.[24]

Crash JP Morgan buy silver

Max Keiser has labeled JP Morgan “the biggest financial terrorist on Wall St”, in relation to their alleged manipulation of the price of silver.[31] Keiser has started a campaign called “Crash JP Morgan buy silver”,[32][33][34] where people buy silver, thus raising its price and leaving JP Morgan with a huge short position to cover, the margin of which are collateralized by JP Morgan’s own stock price, bankrupting itself.

Here is the link to Max Keiser’s web site: maxkeiser.com


*Image reference: JP Morgan Chase Tower, by Krzykol

source: http://commons.wikimedia.org/wiki/File:JP_Morgan_Chase_Tower.jpg

This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.

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