A Heartfelt Good-bye from your Producer
Dear Capital Account Viewers & Fans, Creating and producing Capital Account for RT has been one of my greatest professional privileges. I can’t imagine another network that would have allowed me such incredible editorial freedom to create and produce such an independently minded, creative and honest program. I also had the opportunity to work [...]
New Writings on Indefinite Hold
Ever since taking on the job of producing Capital Account in the early fall of 2011, I have not found much time to contribute content to this blog. Although I hope to find the time to write again, I would like readers to know that, for the foreseeable future, the best way to find [...]
Dear Savers and Retirees: here’s how you’re being Screwed
On today’s Capital Account, we were lucky to have both economist Dean Baker, as well as deputy editor of Business Insider, Joe Weisenthal on our program to discuss a few things. The interview with Joe is what I would like to focus briefly on though [comes in at 16:50], because it was relevant to a post [...]
I interview former Federal Reserve Vice Chairman Alan Blinder
I had a chance to interview former Federal Reserve Vice Chairman Alan Blinder, on Capital Account last week. I started off this interview with some questions about the Greenspan administration, which you don’t actually see in this episode. Rather, this interview starts with a video that I play for the former Vice Chairman of himself [...]
Mr. Euro undergoes Psychoanalytic “Undervaluation”
Yesterday, we conducted an interview with Greek economist Yanis Varoufakis, on the 7 stages of Grief in Europe. It is the contention of many, Yanis included, that European leaders and policymakers are in denial about how large the size and scope of their banking problem. We decided to put Mr. Euro on the couch with [...]
Somebody Buried the Packers
This picture was created by our graphics department here at RTTV. It was supposed to be put on the plasma during our “loose change” segment at the end of our show today, where Lauren, Shannon and I banter back and forth about funny little stories. Shannon is a Packers fan, and I thought it would [...]
Mohamed El-Erian talks to Capital Account about the Paranormal
Yesterday, on Friday the 13th, we fittingly invited the CEO of PIMCO, Mohamed El-Erian onto our program. I say fittingly, because the guys at PIMCO have advanced their new “paranormal” thesis onto the media-sphere, and it has gotten quite a bit of attention. To be fair, there is nothing new about this hypothesis. Plenty of [...]
Columnist Matthew Yglesias on Economics 101
I was forwarded an article by a seemingly “progressive” writer named Matthew Yglesias. I just want to point out how confused this guy is about economics. I’m really surprised at how many people publish opinion pieces on economic theory with zero understanding of the subject. It’s like a cult of authority worship that I find [...]
Lloyd Blankfein becomes the first Banker to be Crucified upon the Cross of Gold
If, for some reason, you need an explanation, then I suggest you read the article that I posted just ahead of this one. And just in case you are missing some of the very “in your face” allegories, not only is this the golden cross of William Jennings Bryan mention, but the nails that are [...]
Bankers to be Crucified upon a Cross of Gold
For those at all familiar with the populist movements of the late 1800′s and the calls for “free silver,” you may find this metaphor most interesting. Of course, I am referring most specifically to that famous “cross of gold” speech delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago, in which [...]
Word of the Day on Capital Account w/Lauren Lyster
“Word of the Day” continues to be a very successful part of Capital Account, and very popular with our audience. I will make an effort to post some of my favorite words of the week. However, Lauren did such a great job with them this week (as usual, she is incredible with this segment), that [...]
Max Keiser on Financial Apartheid and the Rise of Germany 4.0
This was our best week yet for Capital Account. We launched the show in the middle of October, and I think things are finally starting to hit a stride for us. We have had some incredible guests, including wall street veterans like James Grant and Jim Rickards, as well as popular economists like Steve Keen, [...]
Nigel Farage “We are now living in a German Dominated Europe”
I’ve always gotten a personal pleasure from watching Nigel Farage give speeches before the European Parliament. I also happen to agree with much of what he has to say. The people who “run” the euro project are indeed unelected technocrats who see themselves as benign despots of Europe. They have the audacity to believe that [...]
Word of the Day on Capital Account w/Lauren Lyster
For those who have been watching our new show, “Capital Account” hosted by Lauren Lyster, you already know that we always have a special “Word of the Day” that we do for our audience that ties into our major story for the day. Here are some of the latest words that we have done. They [...]
Eurozone bail-out fund has to resort to buying its own debt
I like this article, because it points out just how absurd debt financing through the creation of more debt is. The EFSF is a great example of how financial alchemy works. First, you create an artificial entity, incorporated in Luxembourg of course, that can issue debt with the explicit guarantee of eurozone member states with a [...]
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