In the latest Keiser Report, Max Keiser and Stacy Herbert compare the real financial suicide machine that is the global financial markets to the hypothetical euthanasia coaster that would kill its passengers after an allegedly fun and euphoric ride induces GLOC – G-force induced Loss Of Consciousness. In the financial markets this is achieved by churning clients so rapidly or front running them at faster than the speed of light. In the second half of the show, Max Keiser talks to professor and economist, Constantin Gurdgiev, about the liquidation of IBRC, the bank formerly known as Anglo Irish and how it is that the bank came to collapse in the first place.

 

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  1. Have you noticed lately since Max went to England, that he looks like shit and hung over after a night out. Lol
    Heck the Paper Traders should just take a Glock 36 instead of going through the Gloc G-force induced Loss Of Consciousness and just end it faster rather than a slow death on the Banksters Roller Coaster. Lol

  2. Interesting post   Some Wall Street traders set up their offices even closer to the trading nexus.  The speed of light is a limited factor.  If a trader is 1.4 mile or less from the nexus, they can place 10,000 trades in milliseconds, hammer the transaction up or down, and withdraw the trade before anyone else can get in front of them.  They drive the trade and then pick up the pieces.  
    I wonder what the Financial transaction tax being imposed in some 27 Euro countries will do to HFT?  This is supposed to make $40 billion dollars in taxes at 1 penny per $100 in trade values.  Sounds like another way to shear the sheep. 
    A hamster hypothecation wheel of death.

    • HFT should be outlawed, the tax is just more ways fr government to suck the people dry from one pocket while the paper market empties the other.

    • I agree with Mary.  HFT is something that only those who have big bucks can arrange and make work while the rest of us suck hind teat.  Taxing it WOULD be a way to eliminate or, at the very least, reduce it, however, so in that regard I am in favor of taxing every stock, fund, bond, or ETF trade about $.10.  Small investors would not even notice that extra dime when buying and selling a few thousand dollars worth of stock from time to time but those buying and selling tens or hundreds of thousands of shares in a few seconds sure would.  The HFT boys would be royally screwed out of millions of dollars.  Sounds good to me.   :-D

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