Tuesday, 19 June 2012

Banks & People's Deposits - On the Edge with Max Keiser

In this edition of the show Max interviews Nomi Prins from nomiprins.com. It is the size of a bank holding company's deposits that dictates the extent of the risk it takes, risk 'models' not withstanding: the more deposits, the more risk, the more potential loss. And the more access to other people's money, the greater the gambling incentive. The largest banks hold deposits (people's deposits) hostage in the global game of financial warfare. Related access to capital and bailouts are enabling weaponry in the fight for worldwide institutional supremacy.

A really excellent interview that explains what is going on in the financial markets and history lesson.

[Posted at the SpookyWeather blog, June 19th, 2012.]

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