Jun 26, 2013

Max Keiser on Snowden's NSA revelations (w video)

International Confidence in US Economy 'Crumbling'

This just arrived and I'm posting it just as it came to me:

Along with exposing widespread international surveillance, Edward Snowden has revealed how exactly the US is financing its military ambitions, according to Max Keiser, who says:

"What's interesting is that Edward Snowden worked for Booz Allen. Booz Allen allegedly along with a few other companies are the masterminds behind LIBOR market rigging, energy market rigging, FOREX market rigging. And this is really the fuel that keeps the American military empire going, because the American economy, itself cannot support its military ambitions, so they've resorted to market manipulation and the kind of intelligence that Edward Snowden is able to aggregate is key to manipulating markets in ways that make Booz Allen, allegedly, the channel for billions and billions of dollars into America's military campaigns.

"And this is really about money, markets and manipulations. It's not about security. It's not to do with anything that the White House says. Remember, the White House is a puppet of Wall Street, Booz Allen, the hedge funds and the financial interests of the corrupt bankers."

So, then how do some of those big companies like Google, or Facebook actually benefit from the PRISM surveillance program? Is there a financial gain from them?

"Absolutely, because all of the manipulation involves rigging the indexes. And the indexes are all data-sensitive. So, if you can manipulate the data, you can manipulate the indexes and you manipulate the markets. And if you have advanced knowledge of that inside information you can make billions of dollars of front-running, high-frequency trading, algorithmic trading. And, of course, all the banks on the Wall Street are in on this and all the banks in the UK.

"It's very telling that the foreign minister of Ecuador said that, 'Look, you're talking about us extraditing Edward Snowden, what about bringing back those bankers we asked you to bring back to Ecuador who we caught rigging and terrorizing our market?' What about the Icelandic bankers that have been asked by the government of Iceland to be extradited back to Iceland that are being held in the UK?

What about these other instances where banking terrorists are being sheltered in the US and the UK? They're not responding to extradition agreements. So this is all about financial legerdemain. Unfortunately, Americans don't have enough money to fight their wars anymore so they have to resort to snooping, data-gathering, and market manipulation."

Will we see financial fallout between China and the US?

"Well, China has got a fantastic card to play, one trillion US dollars that they can dump on the market anytime and jack interest rates up five or six points, which would throw the real estate market back into collapse. China is pulling the strings here and China has all the cards to play. America is the biggest debtor nation in the world. Look at the bond market today (June 25), it's selling off spectacularly all over the world because confidence in the American hologram of finance is collapsing.

"They flipped the switch. They see that the emperor has no clothes. They see that there's no underlying economic activity to support the military and financial occupations emanating from the US. It's game over!"


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