- ‘US economy is just one giant hedge fund’ (RT, Oct 3, 2013):
American lawmakers have colluded with Wall Street executives to build an economy that no longer works in the best interest of, or even needs, the majority of the American public, according to RT financial host Max Keiser.
RT: There’s a lot of hype and some would say overreaction around all of this but the tell-tale sign is the markets. They haven’t reacted negatively. Is there really a crisis here?
Max Keiser: I think we should take the words of Warren Buffet to heart. He basically described the Federal Reserve Bank and the American economy as one giant hedge fund. And he is absolutely correct. The way that Wall Street, Washington, and these large funds approach America is as a trade that is backed by $120,000 or $130,000 of debt and that debt gets traded around every day. And the whole initiative here is to buy hedge funds and try to squeak out profits, and they don’t really care who they hurt in the process. Remember America is run by what I call financial jihadists who are basically suicide bankers. Warren Buffett, of course, is one of these suicide bankers and America, from the outside of course, looks like they’re trying to commit financial suicide. But that’s what a financial jihadist does, or a suicide banker. They blow themselves up for their cause and in this case it’s market fundamentalism, a belief in the profit – not the prophet.
RT: But other tell-tale signs of the economy improving are there, Max. Are we to believe the economic indicators which suggest the US economy is on the up? Continue reading »