4 chapters across the catalog
A report from a former New York banker suggests that the drop in oil prices was caused by market saturation from small traders rather than a single entity's manipulation. The banker predicts that interest rates will remain low for decades, similar to Japan's economic "funk," and discusses the recent unpegging of the Swiss franc from the Euro.
Jeremy Scahill Criticizes Obama's UN Imperialism
Journalist Jeremy Scahill criticized President Obama's speech at the United Nations, labeling it a naked declaration of imperialism. Scahill argues that Obama's commitment to using military force to secure energy resources and "core interests" mirrors historical imperialist policies. The segment also mentions the President of Brazil canceling a state dinner in protest of U.S. spying.
Kenneth Feinberg, BP Oil Spill Fund Compensation
Kenneth Feinberg and his law firm are reportedly receiving $850,000 per month from BP to administer the $20 billion Gulf Coast Claims Facility. The hosts highlight a conflict of interest, noting that the individual responsible for doles out compensation is being paid directly by the company liable for the damages, with no written jurisdictional oversight from the administration.
Global Economic Meltdown, Oil Prices and Halliburton Production Costs
The hosts analyze the insolvency of major financial institutions, including the failure of the Bank of Florida and the subsidization of Fannie Mae and Freddie Mac. They debate the relationship between oil prices and the dollar, with one host citing a Halliburton source regarding the skyrocketing costs of oil derricks due to Chinese demand. They predict a rapid collapse of the current financial bubble.
