Marc Faber: ‘Mr. Bernanke’s ego badly inflated’

­We speak with Dr. Marc Faber, publisher of the Gloom Boom & Doom report, who says wealth destruction and social unrest may be on the way for Western economies. Wall Street has had a strong start to the second quarter, with the S&P; 500 marking its highest close since mid-May 2008. The Fed is holding off on more monetary easing unless US economic growth falters or inflation goes below 2 per cent....

Beyond currency wars, the coming Global Gold Standard w/John Butler

Welcome to Capital Account. The S&P; 500 stock index has had its best yearly start vis-à-vis gold in over a decade, and bond traders see a rebound for treasuries after the most tumultuous quarter since 2010. Meanwhile, Greenspan going to bat for his old right-hand at the Federal Reserve, Ben Bernanke, for all the criticism he has taken in recent months, in particular for criticism he has received...

Reflections on Post-Capitalism, Political Entrepreneurialism, and the Bernanke Contrarian Index

­Welcome to Capital Account. We've heard billionaire investor Warren Buffett saying the rich should be taxed more. That he should be taxed more. He's made the case very publicly and with much fanfare, saying he pays 17.7% in taxes, a lower tax rate than his secretary…and not just his secretary…all of his office staff. Sounds impressive, but our guest today asks if we should slap a warning label...

MF Global Customer and Fund Manager on JP Morgan and the Goldman Sachs Connection

Welcome to Capital Account. Yesterday, the MF Global collapse took center stage on Capitol Hill. The threat of crony capitalism and the sanctity of customer money in US markets hangs in the balance. The unprecedented disappearance, loss, and theft of customer money (1.6 billion dollars worth of customer money to be exact) kept in segregated accounts remains unexplained. And as MF Global...

Reggie Middleton takes a Bite out of Apple on his trip back from Gold Sands of Abu Dhabi

Welcome to Capital Account. Let's start off with MF Global, because although our guest today is not here to talk about the bombshell hearings taking place at capitol hill today, our guest tomorrow will. Don't worry though, you didn't miss much. The firm's assistant treasurer Edith O'Brien, pleaded the fifth as expected, but the other executives decided to answer questions. Among those testifying...

Investing in a World Right Side Up and Upside Down with Chris Mayer!

Welcome to Capital Account. Ben Bernanke is on class number three of his PR blitz today, defending the Fed's response to the financial crisis…like the federal takeover of Fannie Mae and Freddie Mac. Meanwhile, Timothy Geithner pushed for more money funneling thorough multilateral institutions that fund bailouts and other national agenda items. But if you're sick of listening to all our social,...

Financial oligarchy and the new robber barons w/derivatives guru Janet Tavakoli

Welcome to Capital Account. Bernanke speaks and everyone seems to listen. In a speech today, he warned about the job market and said continued accommodative easy-money policies will be needed to make further progress. This has the financial press reading the tea leaves and saying more QE. Is it really because, as our guest says – TBTF really means "trust Bernanke to fund?" She's Janet Tavakoli,...

While Bernanke goes to College, does it look like Corzine may finally be

­Ben Bernanke spoke at the opening of a Fed conference in Washington with other central bankers, rounding out a week where he gave two lectures in his college class, the first ever by a sitting Fed chairman. Class, indoctrination, attempt to rewrite history, or PR offensive in the face of Fed criticism? In our view, the fundamental problem Bernanke and his disciples have is that they believe the...

The pros and cons of globalization

­As President Obama talks about domestic solutions for high gas prices, in reality this may be an issue of global energy depletion. We look at the underbelly of globalization with former VP of the World Bank Ian Goldin. Speaking of the World Bank, nominations are due Friday – two from developing nations and one from America. But who will they be, and what cost to the bank’s legitimacy if there’s...

TBTF Sheriff Bill Black on MF Global cover-up

The Dallas branch of the Fed says Dodd-Frank wasn’t TBTF and downsizing of corporate monsters a must. Meanwhile, the "Corzine Rule" is reportedly gaining momentum. We talk to former regulator William K. Black about what it would take to see MF Global justice. Then, is "the law" in a bear market? Demetri think so, as a corollary for the bull market in whistle-blowing, which makes things easy for...