In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss David Cameron's claim that profit is not a dirty word; and, yet, profits are whatever an accounting trick (or fraud) says it is, especially when an executive's bonus is tied to this fabricated number. They look at profits as percentage of GDP being at an all time high, while investment is at an all time low; for, instead of investing, businesses are handing cash back to shareholders - a tactic once reserved for executives who had run out of ideas. In the second half, Max interviews Francine McKenna of RETheAuditors.com about the Big Four accounting firms morphing into the Big Four consulting firms and the conflicts of interest that have arisen as a result.
Popular posts from this blog
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the modern economic, financial and monetary system in which one who has faith, no explanation is necessary. And yet to one without faith, no explanation is possible. And once no explanation is possible - hyperinflation and economic disorder ensues. In the second half, Max continues with his interview of Professor Richard Werner, who, in the early 1990s, coined the phrase ‘quantitative easing.’ Together they take a look at the monster which QE has become.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss exorbitant privilege that is the dollar hegemony which offers nothing on the upside and only subjugation and humiliation on the downside. And despite having an empire of fictional money, the US appears to still have gone bankrupt on these fictional debts. But all that is to change as European companies, like Total, and officials, like the Bank of France governor, fight back suggesting an end to US dollar transactions on international trade. In the second half, Max interviews Arjen Kamphuis about his new and free digital manual The Infosecurity Handbook For Journalists and about driving the cost of NSA spying from the current 0.08 cents per person per day to $10,000 per person per day - thus, driving them out of business.
In this episode of the Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss Aristotle trending, lands of opportunity and GM hiring. In the second half, Max interviews philosopher and television presenter, Pablo Boullosa, about the state of the Mexican economy and society and how to solve the ever-increasing drug violence.