Post date: Jun 24, 2012 8:12:12 PM
Kleptocracy has destroyed the banking system and the global banks are dead as corpses, says Max Keiser.
Because of this, for example, people are dying in the streets in Greece, they can't afford health care, they can't afford food.
He says the people have got to stand up, nobody's going to help them but themselves, and push out the kleptocrats, the banking terrorists.
Keiser was interviewed late last week on RT in the wake of rating downgrades for 15 big banks on Thursday.
According to RT video notes;
Published on Jun 22, 2012 by RussiaToday
Moody's has slashed the ratings of fifteen of the biggest banks in Europe and the U.S. in the latest slap in the face to the ailing financial sector. Those hit include Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Deutsche Bank - financial powerhouses domestically and internationally. The move could make it more expensive for the banks to attract funds. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more analysis RT talks to RT's financial guru Max Keiser, who joins us from the International Economic Forum in St. Petersburg..
Also, according to this Bloomberg item, at SFGate.com:
Euro Tumbles as Moody’s Downgrades Ratings for 15 Global Banks
Joseph Ciolli, ©2012 Bloomberg News
Updated 05:15 p.m., Thursday, June 21, 2012
June 21 (Bloomberg) -- The euro fell the most in five months against the dollar as Moody’s Investors Service lowered credit ratings on 15 global banks, adding to concern Europe’s debt crisis is worsening.
The 17-nation currency weakened amid reports of possible downgrades and remained lower after the announcement late in the New York trading session. The yen weakened to its lowest level against the dollar in almost a month as U.S. two-year yields exceeded similar-maturity yields in Japan by a larger amount. The dollar strengthened a day after the Federal Reserve declined to increase asset purchases while extending its policy to lengthen maturities of existing debt holdings. New Zealand’s dollar and Mexico’s peso erased earlier gains.
“The news out of Europe remains pretty dour, despite the fact that we’ve had a bit of consolidation higher the last couple weeks,” Mike Moran, a currency strategist at Standard Chartered Bank, said in a telephone interview from New York. “That plays into a broadly risk-averse investor mindset, which has been helping the dollar.”
The euro depreciated 1.3 percent to $1.2540 at 5 p.m. in New York, reaching the biggest loss since Jan. 13. The yen weakened 0.9 percent to 80.28 per U.S. dollar and touched the weakest level since May 17. The 17-nation currency fell 0.4 percent to 100.69 yen.
That complete item 'Euro Tumbles as Moody’s Downgrades Ratings for 15 Global Banks' is here.
[Tags: Max Keiser, kleptocracy, global banking system]